Intermediate Bond Fund of America
Actively managed U.S. bond fund
As of its 2026 Q2 report, Intermediate Bond Fund of America held 3,127 positions with $28.57B in net assets. Its ten largest holdings made up 26.6% of the fund. The AIBAX share class costs 0.65% a year. Over the 12 months to May 2026, AIBAX returned 3.9%, with dividends reinvested. In 2026 Q2 it added 377 new positions and exited 235.
The funds investment objective is to provide you with current income consistent with the maturity and quality standards described in this prospectus and preservation of capital.
The fund invests primarily in investment-grade bonds and debt securities with a dollar-weighted average maturity between three and five years, selecting securities rated A or better or determined by the adviser to be of equivalent quality, with up to 10% in BBB-rated or equivalent securities. The fund may also hold mortgage-backed securities, asset-backed securities, inflation-linked bonds, and derivatives such as futures and swaps. Multiple portfolio managers oversee segments of the portfolio, with securities selected based on the adviser's judgment of relative value and sold when they no longer appear attractively priced. Because security selection depends on the adviser's assessment of value, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
CMQXXCAPITAL GROUP CENTRAL CASH FUND | 12.34% | $3.53B | — |
UNITED STATES TREASURY 4.38% · due 2026-07-31 | 2.64% | $753.54M | — |
UNITED STATES TREASURY 3.75% · due 2028-04-30 | 2.31% | $661.39M | — |
UNITED STATES TREASURY 4.25% · due 2029-02-28 | 2.17% | $618.41M | — |
UNITED STATES TREASURY 3.88% · due 2031-04-30 | 1.93% | $551.99M | — |
UNIFORM MBS 2.00% · due 2056-07-01 | 1.18% | $335.57M | — |
UNIFORM MBS 2.50% · due 2056-07-01 | 1.15% | $329.06M | — |
UNITED STATES TREASURY 3.88% · due 2031-03-31 | 1.07% | $306.03M | — |
UNITED STATES TREASURY 3.75% · due 2027-06-30 | 0.97% | $277.50M | — |
UNITED STATES TREASURY 4.00% · due 2030-05-31 | 0.85% | $243.08M | — |
The 200 largest of 3,127 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 48.99% |
| Securitized | 43.45% |
| Cash & short-term | 12.34% |
| Derivatives | 0.14% |
| 2 smaller | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Securitized
- 41.4%
- Government
- 27.0%
- Cash
- 11.7%
- Financials
- 5.2%
- 12 other sectors
- 14.7%
- Securitized
- 41.4%
- Government
- 27.0%
- Cash
- 11.7%
- Financials
- 5.2%
- Other
- 4.3%
- International
- 1.9%
- Health Care
- 1.8%
- Utilities
- 1.5%
- Communication Services
- 1.1%
- Information Technology
- 1.1%
- Consumer Discretionary
- 0.9%
- Industrials
- 0.8%
- Consumer Staples
- 0.6%
- Materials
- 0.3%
- Real Estate
- 0.2%
- Energy
- 0.1%
How it has done
AIBAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 2.44%. Past returns are a record, not a forecast.
The 21 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.65% | +3.88% | +12.79% | +5.87% | -2.44% | |
| 1.31% | +3.20% | +10.58% | +2.36% | -2.72% | |
| 1.31% | +3.20% | +10.60% | +2.39% | -2.72% | |
| 0.89% | +3.64% | +12.00% | +4.59% | -2.54% | |
| 0.59% | +3.94% | +12.99% | +6.14% | -2.42% | |
| 0.30% | +4.25% | +13.99% | +7.72% | -2.30% | |
| 1.35% | +3.17% | +10.45% | +2.20% | -2.74% | |
| 0.68% | +3.86% | +12.73% | +5.79% | -2.45% | |
| 0.63% | +3.90% | +12.82% | +5.88% | -2.44% | |
| 1.40% | +3.12% | +10.30% | +1.97% | -2.76% | |
| 0.83% | +3.70% | +12.19% | +4.89% | -2.52% | |
| 0.73% | +4.07% | +13.39% | +6.80% | -2.37% | |
| 0.36% | +4.18% | +13.77% | +7.38% | -2.32% | |
| 0.25% | +4.30% | +14.16% | +7.98% | -2.28% | |
| 1.03% | +3.50% | +11.53% | +3.83% | -2.61% | |
| 0.40% | +4.14% | +13.64% | +7.18% | -2.34% | |
| 0.25% | +4.30% | +14.16% | +7.99% | -2.28% | |
| 0.65% | +4.15% | +13.62% | +7.14% | -2.35% | |
| 0.60% | +4.21% | +13.80% | +7.47% | -2.32% | |
| 0.34% | +4.13% | +13.75% | +7.41% | -2.40% | |
| 0.30% | +4.25% | +13.96% | +7.58% | -2.30% |
These classes hold the same portfolio, so the 6.02pp spread over 5 years is the cost difference between them — roughly 1.20pp a year — not a difference in what they own.
Fees & fund details
Intermediate Bond Fund of America is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.25% – 1.40%· AIBAX 0.65%
- Portfolio turnover
- 236.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
377 new· the largest 2
235 exited· the largest 3
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 | 83.7% |
| Floating rate | 16.3% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 6.2% |
| 1-3y | 20.2% |
| 3-5y | 20.1% |
| 5-10y | 16.5% |
| 10y+ | 36.9% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
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 | 76% |
| Credit spreads | 24% |
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.
| Investment grade | +1.29 yr |
| High yield | +0.07 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 1.34 yr | 30% |
| 5 yr | 1.91 yr | 43% |
| 10 yr | 0.67 yr | 15% |
| 30 yr | 0.50 yr | 11% |
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.34 yr | 25% |
| 5 yr | 0.67 yr | 49% |
| 10 yr | 0.30 yr | 22% |
| 30 yr | 0.03 yr | 2% |
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 | +0.00 | +0.02 | +0.00 | $52.3k | $4.6k |
| 1 yr | +1.34 | +0.31 | +0.03 | $883.1k | $95.4k |
| 5 yr | +1.91 | +0.67 | +0.00 | $1.90m | $12.1k |
| 10 yr | +0.67 | +0.28 | +0.02 | $787.7k | $65.6k |
| 30 yr | +0.50 | +0.03 | +0.01 | $71.6k | $22.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — AIBAX, QQQ and the fund in my 401(k)?”
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