Intermediate Bond Fund of America®
Bond
Overview
Intermediate Bond Fund of America may be appropriate for:
- An intermediate-term investment with potential for higher income than from short-term investments, which offer more stable principal
- A degree of balance for a long-term portfolio
- An asset-building tool to help meet future needs, such as a new home or college tuition
Objective
The fund's investment objective is to provide you with current income consistent with the maturity and quality standards described in this prospectus and preservation of capital.
Manager
The fund is managed by Capital Research and Management Company, one of the nation’s oldest, largest investment management firms. Since 1931, Capital Research has invested with a long-term focus based on thorough research and attention to risk.
Fund information
- Began operations: 2/19/88
- Net and gross expense ratios:* 1.32% / 1.33%
- Investment expenses paid annually:† $13.20 for a $1,000 balance
- Ticker symbol: RBOAX
*Fund expenses are as of each fund’s prospectus. Please see the fund’s most recent prospectus for details.
†You can estimate the investment expenses you’re paying annually by multiplying your balance in the fund by the expense ratio.
Investments
The fund seeks to invest primarily in corporate bonds, U.S. government bonds or notes, GNMA certificates and other mortgage-related securities, as well as cash. The portfolio will have an average dollar-weighted maturity of no more than five years. Normally, at least 80% of assets will be invested in bonds, including debt instruments and cash equivalents. The fund will primarily invest in bonds rated A or higher at the time of purchase (or unrated but determined to be of comparable quality by the fund's investment adviser). However, up to 10% of assets may be invested in securities rated Baa/BBB.
Where the fund was invested
(as of 6/30/24; percentage of net assets; holdings are subject to change)
*Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.
Past results
The bar graph below shows the fund’s annual results and illustrates the fund’s fluctuations over the past 10 years. (These percentages are based on Class R-1 shares at net asset value after the share class inception date of May 15, 2002. All Class R-1 share results prior to this date, or prior to the date of first sale, are hypothetical based on Class A share results, adjusted for typical additional estimated expenses, and are calculated without a sales charge. These results are updated annually as of 12/31. Other share class results will vary.)
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown here. For more current information and month-end results, click here. Share price and return will vary, so you may lose money. Investing for short periods makes losses more likely.
Average annual total returns through 6/30/24
Class R-1 Shares
| Latest10 years | Latest5 years | Latest3 years | Latestyear | |
|---|---|---|---|---|
| At net asset value | 0.41% | 0.05% | -1.80% | 3.43% |
Investment results reflect the deduction of applicable fees and expenses and the reinvestment of all distributions. When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. See results without waivers and/or reimbursements. Read details about how waivers and/or reimbursements affect the results for each fund.
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