American Funds Intermediate Bond Fund of America structurally carries more interest-rate risk than many of its short-term bond Morningstar Category peers but benefits from a well-executed, conservative approach to credit risk. Its advantages are enough to award the strategy’s cheapest share classes a Morningstar Analyst Rating of Bronze, while its more expensive share classes earn a Neutral or Negative.
Will AIBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AIBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AIBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AIBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.