American Funds Inflation Linked Bond Fund
American Funds Inflation Linked Bond Fund · Series S000039115 · 21 share classes
data updated 2026-09-08
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 Q2
| Bonds | 95.28% |
| Securitized | 2.26% |
| Derivatives | 2.17% |
| Cash & short-term | 2.14% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: CME CHICAGO MERCANTILE EXCHANGE ×3, RISKLESS ISSUER ×2, META PLATFORMS INC, CDX HIGH GRADE ISSUER, MRE 2026-1A
Largest exited: UNITED STATES TREASURY, PACIFIC GAS AND ELECTRIC CO, MEXICO (UNITED MEXICAN STATES) (GOVERNMENT), EUREX CLEARING AG, GMREV 2024-2, SOUTHERN CALIFORNIA EDISON CO, CME CHICAGO MERCANTILE EXCHANGE, RISKLESS ISSUER
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +2.87% | +8.41% | +2.35% | 3.18% | -5.70% | |
| +2.97% | +9.02% | +3.28% | 3.28% | -5.57% | |
| +2.08% | +6.09% | -1.31% | 3.25% | -6.10% | |
| +2.08% | +6.19% | -1.06% | 3.20% | -6.02% | |
| +2.51% | +7.42% | +0.91% | 3.21% | -5.86% | |
| +2.82% | +8.44% | +2.52% | 3.19% | -5.70% | |
| +3.19% | +9.40% | +4.03% | 3.14% | -5.56% | |
| +3.26% | +9.61% | +4.35% | 3.15% | -5.55% | |
| +2.03% | +6.04% | -1.27% | 3.16% | -6.09% | |
| +2.73% | +8.28% | +2.27% | 3.10% | -5.79% | |
| +3.04% | +9.15% | +3.69% | 3.24% | -5.66% | |
| +2.76% | +8.26% | +2.36% | 3.30% | -5.80% | |
| +2.04% | +5.86% | -1.51% | 3.17% | -6.14% | |
| +2.58% | +7.74% | +1.23% | 3.29% | -5.74% | |
| +2.34% | +6.97% | +0.19% | 3.18% | -5.93% | |
| +3.02% | +9.15% | +3.52% | 3.21% | -5.59% | |
| +3.16% | +9.64% | +4.26% | 3.20% | -5.47% | |
| +3.12% | +9.07% | +3.53% | 3.17% | -5.69% | |
| +3.06% | +9.28% | +3.84% | 3.18% | -5.58% | |
| +3.17% | +9.34% | +3.76% | 3.18% | -5.59% | |
| +3.13% | +9.41% | +3.97% | 3.21% | -5.59% |
These classes hold the same portfolio, so the 5.86pp spread over 5 years is the cost difference between them — roughly 1.17pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
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 | 14.3% |
| 1-3y | 15.2% |
| 3-5y | 23.3% |
| 5-10y | 22.7% |
| 10y+ | 24.6% |
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 2026Q2
This fund carries a net credit hedge: it would gain roughly 0.5% if credit spreads widened 100bp, where a comparable bond fund would lose.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.51 yr |
| High yield | -0.90 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 | 0.12 yr | 2% |
| 1 yr | 1.51 yr | 20% |
| 5 yr | 2.06 yr | 27% |
| 10 yr | 1.74 yr | 23% |
| 30 yr | 2.26 yr | 29% |
| 3 mo | 0.00 yr | 1% |
| 1 yr | 0.03 yr | 8% |
| 10 yr | 0.19 yr | 46% |
| 30 yr | 0.18 yr | 46% |
5 yr is NEGATIVE (-0.79 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
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 | +0.12 | +0.00 | -0.00 | $2.8k | -$86 |
| 1 yr | +1.51 | +0.03 | -0.00 | $43.5k | -$1.8k |
| 5 yr | +2.06 | +0.09 | -0.89 | $124.2k | -$1.17m |
| 10 yr | +1.74 | +0.19 | -0.01 | $256.6k | -$12.2k |
| 30 yr | +2.26 | +0.18 | +0.00 | $243.5k | $0 |
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 7.69 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 | 7.55% | $996.39M | — |
| — | UNITED STATES TREASURY0.13% · due 2030-07-15 | 5.59% | $737.37M | — |
| — | UNITED STATES TREASURY1.75% · due 2034-01-15 | 5.19% | $684.62M | — |
| — | UNITED STATES TREASURY0.50% · due 2028-01-15 | 4.80% | $633.43M | — |
| — | UNITED STATES TREASURY0.13% · due 2030-01-15 | 4.57% | $602.34M | — |
| — | UNITED STATES TREASURY1.88% · due 2035-07-15 | 4.01% | $529.40M | — |
| — | UNITED STATES TREASURY0.13% · due 2027-04-15 | 3.85% | $507.55M | — |
| — | UNITED STATES TREASURY1.63% · due 2027-10-15 | 3.84% | $506.32M | — |
| — | UNITED STATES TREASURY2.13% · due 2054-02-15 | 3.10% | $408.57M | — |
| — | UNITED STATES TREASURY0.38% · due 2027-01-15 | 3.10% | $408.34M | — |
Top 10 positions are 45.59% of net assets, top 25 76.95%, across 87 issuers.
See more of this fund's book
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