American Funds Inflation Linked Bond Fund
American Funds Inflation Linked Bond Fund · Series S000039115 · 21 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
The funds investment objective is to provide inflation protection and income consistent with investment in inflation-linked securities.
The fund invests at least 80% of its assets in inflation-linked securities issued by U.S. and non-U.S. governments and corporations, with principal and interest payments adjusted for changes in inflation indices such as the Consumer Price Index. At least 80% of assets are in securities guaranteed or sponsored by the U.S. government. The fund may use derivatives including forwards, futures, and swaps to manage its portfolio. A team of multiple portfolio managers oversees segments of the fund's assets, making individual security selections based on their assessment of long-term value.
| Share class | Expense ratio |
|---|---|
| BFIAX | 0.66% |
| CNLFX | 0.72% |
| RILAX | 1.40% |
| RILBX | 1.36% |
| RILCX | 0.94% |
| RILDX | 0.64% |
| RILEX | 0.34% |
| RILFX | 0.29% |
| BFICX | 1.40% |
| BFIFX | 0.67% |
| BFIGX | 0.40% |
| CNLAX | 0.67% |
| CNLCX | 1.44% |
| CNLEX | 0.89% |
| RILGX | 1.09% |
| RILHX | 0.44% |
| FILBX | 0.29% |
| TLIBX | 0.69% |
| TILBX | 0.64% |
| FIBLX | 0.39% |
| FLIBX | 0.34% |
Portfolio turnover 12.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Bonds | 96.52% |
| Securitized | 2.14% |
| Cash & short-term | 1.12% |
| Derivatives | 1.06% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: UNITED STATES TREASURY, ORACLE CORP, FORD MOTOR CO, MORGAN STANLEY, PACIFIC GAS AND ELECTRIC CO, EUREX CLEARING AG, BOCA 2025-BOCA, CME CHICAGO MERCANTILE EXCHANGE
Largest exited: UNITED STATES TREASURY, FORD MOTOR CREDIT COMPANY LLC, MORGAN STANLEY, PACIFIC GAS AND ELECTRIC CO, AMGEN INC, EUREX CLEARING AG, CME CHICAGO MERCANTILE EXCHANGE, RISKLESS ISSUER
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 98.8% |
| Floating rate | 1.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 10.7% |
| 1-3y | 17.2% |
| 3-5y | 27.3% |
| 5-10y | 21.2% |
| 10y+ | 23.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 89% |
| Credit spreads | 11% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +0.53 yr |
| Investment grade | +0.52 yr |
Share of duration at each point, shortest first. This filer signs its rate and credit disclosures differently; the direction shown follows its interest-rate filing, and a negative reading is the least-supported figure here.
| 3 mo | 0.15 yr | 2% |
| 1 yr | 1.10 yr | 13% |
| 5 yr | 2.09 yr | 26% |
| 10 yr | 2.43 yr | 30% |
| 30 yr | 2.38 yr | 29% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.05 yr | 5% |
| 5 yr | 0.60 yr | 57% |
| 10 yr | 0.21 yr | 20% |
| 30 yr | 0.19 yr | 18% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.15 | +0.00 | +0.00 | $2.1k | $37 |
| 1 yr | +1.10 | +0.03 | +0.02 | $47.9k | $29.2k |
| 5 yr | +2.09 | +0.09 | +0.50 | $132.4k | $713.8k |
| 10 yr | +2.43 | +0.20 | +0.01 | $283.3k | $9.3k |
| 30 yr | +2.38 | +0.19 | +0.00 | $269.2k | $154 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 8.15 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | UNITED STATES TREASURY0.13% · due 2031-01-15 | 9.27% | $1.31B | — |
| — | UNITED STATES TREASURY0.13% · due 2030-07-15 | 5.79% | $820.05M | — |
| — | UNITED STATES TREASURY1.75% · due 2034-01-15 | 4.87% | $689.36M | — |
| — | UNITED STATES TREASURY0.13% · due 2027-04-15 | 4.73% | $669.63M | — |
| — | UNITED STATES TREASURY1.63% · due 2027-10-15 | 4.56% | $645.40M | — |
| — | UNITED STATES TREASURY0.50% · due 2028-01-15 | 4.42% | $625.68M | — |
| — | UNITED STATES TREASURY0.13% · due 2030-01-15 | 4.23% | $598.93M | — |
| — | UNITED STATES TREASURY1.88% · due 2035-07-15 | 3.77% | $534.24M | — |
| — | UNITED STATES TREASURY2.13% · due 2054-02-15 | 3.00% | $424.20M | — |
| — | UNITED STATES TREASURY0.38% · due 2027-01-15 | 2.83% | $400.99M | — |
Top 10 positions are 47.45% of net assets, top 25 76.73%, across 85 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free