American Funds Interm Bd Fd of Amer R5 (RBOFX)

American Funds Intermediate Bond Fund of America Class R-5 is a mutual fund focused on generating current income by investing primarily in intermediate-term, investment-grade fixed income securities. The fund allocates the majority of its assets—over 89%—to U.S. bonds, with a notable exposure to mortgage-backed obligations, U.S. Treasury bonds and notes, corporate bonds, and asset-backed obligations. It maintains a portfolio with an average effective duration of around 4.2 years, balancing interest rate sensitivity with moderate yield, and seeks to limit credit risk by focusing largely on bonds rated A or better by major credit agencies. The fund distributes dividends on a monthly basis and typically appeals to investors seeking a steady income stream and a lower sensitivity to interest rate changes compared to long-term bond funds. Managed by Capital Group, it is widely used as a core fixed-income holding for retirement plans and institutional portfolios, with significant diversification across more than 980 individual holdings as of June 2025. Established in 1988, the fund stands out for its large asset base and disciplined, research-driven approach to bond selection.