Purchase Restrictions: Class 529-F-2 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Seeks inflation protection and income. By primarily investing in inflation-linked securities, this strategy is focused on protecting purchasing power. It seeks to add value by actively managing duration, curve and inflation exposures, while maintaining only a modest allocation to non-U.S. government bonds and certain corporate issues.
Price at NAV $9.13 as of 1/21/2025 (updated daily)
Fund Assets (millions) $13,365.7
Portfolio Managers
1
2
Expense Ratio
(Gross/Net %)
2
0.38 / 0.38%
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Returns at NAV

Returns with Sales Charge

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds94.1%
Non-U.S. Bonds2.5%
Cash & Equivalents
3
3.4%
As of 12/31/2024 (updated monthly)

Growth of 10K
4

High & Low Prices

Fund Statistics

5.4 years
Effective Duration
4.4%
Average Yield
to Worst
0.8%
Average Coupon
% of net assets as of 12/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income
5

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 12/31/24 (updated quarterly)

Description

Fund Objective
The fund's investment objective is to provide inflation protection and income consistent with investment in inflation linked securities.
Distinguishing Characteristics
By primarily investing in inflation-linked securities, this strategy is focused on protecting purchasing power. The strategy seeks to add value by actively managing duration, yield curve and exposure to inflation, while maintaining only a modest allocation to non-U.S. government bonds and certain corporate issues.
Portfolio Restrictions
At least 80% of the fund’s assets will be invested in inflation-linked bonds issued by governments, their agencies or instrumentalities, and corporations. Further, at least 80% of the fund’s assets will be invested in securities guaranteed or sponsored by the U.S. government. To the extent the fund invests in debt securities not guaranteed or sponsored by the U.S. government, the fund will invest in debt securities with quality ratings of Baa3 or better or BBB- or better.

Fund Facts

Fund Inception 12/14/2012
Fund Assets (millions)
As of 12/31/2024
$13,365.7
Companies/Issuers
Holdings are as of 12/31/2024 (updated monthly).
60+
Shareholder Accounts
Shareholder accounts are as of 12/31/2024
1,320
Regular Dividends Paid
6
Dec
Minimum Initial Investment $250
Capital Gains Paid
6
Dec
Portfolio Turnover (2024) 23%
Fiscal Year-End Nov
Prospectus Date 02/01/2024
CUSIP 02630D 741
Fund Number 1660

Returns

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Month-End Returns as of 12/31/24

FIBLX
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index

Quarter-End Returns as of 12/31/24

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Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-2 Shares, this chart tracks the 10-year standard deviation
8
and 10-year annualized return of the fixed income funds
FIBLX
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index
Other AF Funds
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

Prices and returns will vary, so investors may lose money. View .

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund , which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the , which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.

Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits, such as financial aid, scholarship funds and protection from creditors, not available through CollegeAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. CollegeAmerica is a nationwide plan sponsored by Commonwealth Savers. 

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.

While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.

Investments in mortgage-related securities involve additional risks, such as prepayment risk.

Interests in Capital Group's U.S. Government Securities portfolios are not guaranteed by the U.S. government.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

  1. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Capital Client Group, Inc.

Use of this website is intended for U.S. residents only.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

© 2025 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.

Terms and Definitions

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility.

Standard Deviation as of 12/31/2024 (updated monthly) . Annualized return as of 12/31/2024 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
9
30-day SEC Yield
Fund at NAV 2.22% 3.28%
Fund at MOP N/A N/A
As of 12/31/2024 (updated monthly)

Portfolio Management
1

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Timothy Ng 4 11 18
Ritchie Tuazon 12 14 25
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM
10


Overall Morningstar RatingTM
Funds rated(139)
3-yr. Morningstar RatingTM
(139 funds rated)
5-yr. Morningstar RatingTM
(130 funds rated)
10-yr. Morningstar RatingTM
(94 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Category Inflation-Protected Bond
Ratings are based on risk-adjusted returns as of 12/31/2024 (updated monthly).

Risk Measures

Fund
Standard Deviation
8
5.12
Sharpe Ratio
8
0.05
For the 10 Years ending 12/31/24 (updated monthly).
American Funds
Benchmark
11
Morningstar
Benchmark
8
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index
Bloomberg US Agg Bond TR USD
R-squared 93 67
Beta 0.98 0.85
Capture Ratio (Downside/Upside) 97/95 77/90
American Funds Benchmark for the 10 Years ending 12/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 12/31/24 (updated monthly).
U.S. Treasuries/Agencies
88.5%
AAA/Aaa
0.8%
AA/Aa
1.1%
A
3.3%
BBB/Baa
2.5%
Unrated
0.4%
Cash & equivalents
3
2.9%
% of net assets as of 12/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
42.3%
5-9.9 Years
34.3%
10-19.9 Years
3.4%
20-29.9 Years
16.5%
30+ Years
0.1%
% of net assets as of 12/31/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 88.4%
Non-U.S. government/agency securities 1.6%
Asset-backed obligations 1.1%
Mortgage-backed obligations 0.3%

% of net assets as of 12/31/2024 (updated quarterly)

Top Fixed-Income Issuers
12

U.S. Treasury
88.8%
Japan, Government of
0.8%
Boeing
0.8%
Amgen
0.5%
Pfizer
0.4%
JPMorgan Chase
0.4%
Capital One Financial
0.4%
Mexico (United Mexican States) (Government)
0.3%
AbbVie
0.3%
Qatar Central Bank
0.2%

% of net assets as of 12/31/2024 (updated monthly)

Geographic Breakdown

United States
94.1%
Europe
0.4%
Asia & Pacific Basin
1.6%
Other (Including Canada & Latin America)
0.6%
Cash & equivalents
3
3.4%
% of net assets as of 12/31/2024 (updated monthly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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Historical Distributions as of 01/21/25

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
12/18/24 12/18/24 12/19/24 $0.2014 $0.00 $0.00 $0.00 $9.08
2024 Year-to-Date: Dividends Subtotal: $0.2014 Cap Gains Subtotal: $0.00
Total Distributions: $0.2014

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.25%
Other Expenses 0.13%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio
2

FIBLX 0.38%
Lipper Inflation Protected Bond Funds Average
13
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).