- ISIN
- US4588091003
- CUSIP
- 458809100
- Issuer
- American Funds
- Inception Date
- Feb 19, 1988
- Category
- Short-Term Bond
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
AIBAX Performance Chart
American Funds Intermediate Bond Fund of America (AIBAX) is down 0.3% since the beginning of the year. AIBAX is currently trading at $13 per share. Investors who bought $1,000 worth of AIBAX shares 5 years ago would now be looking at an investment worth $1,049.
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Returns By Period
American Funds Intermediate Bond Fund of America (AIBAX) has returned -0.26% so far this year and 3.32% over the past 12 months. Over the last ten years, AIBAX has returned 1.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
American Funds Intermediate Bond Fund of America
- 1D
- 0.08%
- 1M
- 0.41%
- YTD
- -0.26%
- 6M
- 0.14%
- 1Y
- 3.32%
- 3Y*
- 4.17%
- 5Y*
- 0.97%
- 10Y*
- 1.66%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AIBAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1990, AIBAX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was May 1995 with a return of +3.0%, while the worst month was Sep 2022 at -3.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, AIBAX closed higher 42% of trading days. The best single day was Jan 28, 2008 with a return of +1.5%, while the worst single day was Apr 4, 1994 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.14% | 1.00% | -1.24% | 0.16% | 0.09% | -0.40% | -0.26% | ||||||
| 2025 | 0.57% | 1.53% | 0.42% | 1.04% | -0.61% | 1.20% | -0.38% | 1.36% | 0.32% | 0.40% | 0.63% | 0.17% | 6.83% |
| 2024 | 0.39% | -1.29% | 0.66% | -1.52% | 1.33% | 0.74% | 1.90% | 1.38% | 1.04% | -1.78% | 0.56% | -0.46% | 2.91% |
| 2023 | 1.80% | -1.74% | 2.33% | 0.43% | -0.90% | -1.22% | 0.29% | 0.06% | -1.00% | -0.91% | 2.82% | 2.18% | 4.09% |
| 2022 | -1.01% | -0.46% | -2.01% | -1.66% | 0.46% | -1.08% | 1.40% | -1.99% | -3.22% | -0.60% | 2.09% | -0.14% | -8.02% |
| 2021 | -0.17% | -0.53% | -0.45% | 0.36% | 0.22% | -0.13% | 0.54% | -0.09% | -0.29% | -0.24% | 0.05% | -0.15% | -0.89% |
Benchmark Metrics
American Funds Intermediate Bond Fund of America has an annualized alpha of 4.08%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1990.
- This fund captured 10.77% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.43%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.08%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 10.77%
- Downside Capture
- -5.43%
Expense Ratio
AIBAX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AIBAX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds Intermediate Bond Fund of America (AIBAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.78 | -1.21 |
| Martin ratioReturn relative to average drawdown | 4.52 | 12.44 | -7.92 |
Dividends
Dividend History
American Funds Intermediate Bond Fund of America provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.49 | $0.50 | $0.38 | $0.20 | $0.13 | $0.45 | $0.35 | $0.22 | $0.16 | $0.23 | $0.25 |
Dividend yield | 3.87% | 3.87% | 4.00% | 3.01% | 1.63% | 0.91% | 3.25% | 2.59% | 1.66% | 1.21% | 1.72% | 1.85% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Intermediate Bond Fund of America. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.20 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
| 2023 | $0.02 | $0.02 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.38 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.02 | $0.03 | $0.03 | $0.20 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Intermediate Bond Fund of America. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Intermediate Bond Fund of America was 11.42%, occurring on Oct 20, 2022. Recovery took 611 trading sessions.
The current American Funds Intermediate Bond Fund of America drawdown is 1.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -11.42%Oct 2022 | 1y 9mo | 2y 5mo | 4y 2moJan 2021 - Mar 2025 |
1994 pullback1994 | -6.00%May 1994 | 3mo 7d | 10mo 24d | 1y 1moFeb 1994 - Mar 1995 |
Financial crisis2007–2009 | -5.65%Nov 2008 | 9mo 22d | 7mo 4d | 1y 4moFeb 2008 - Jun 2009 |
COVID crash2020 | -3.17%Mar 2020 | 10d | 20d | 1moMar 2020 - Apr 2020 |
1992 pullback1992 | -3.10%Mar 1992 | 2mo 11d | 2mo 7d | 4mo 18dJan 1992 - May 1992 |
Drawdown Indicators
| AIBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.42% | -56.78% | +45.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -9.10% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | -2.99% | -18.90% | +15.91% |
Max Drawdown (5Y)Largest decline over 5 years | -11.33% | -25.43% | +14.10% |
Max Drawdown (10Y)Largest decline over 10 years | -11.42% | -33.92% | +22.50% |
Current DrawdownCurrent decline from peak | -1.39% | -1.80% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -10.71% | +9.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.03% | -1.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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