American Funds Inflation Linked Bond Fund - FILBX | American Funds

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Share Class
Purchase Restrictions: Class F-3 shares are available through certain registered investment advisor and fee-based programs, but are not available for purchase in most employer-sponsored retirement plans. See the prospectus for details.


Inflation protection and income. By primarily investing in inflation-linked securities, the fund seeks to provide both inflation protection and income. It will have at least 80% of its assets invested in inflation-linked bonds.
Price at NAV $9.84 as of 11/17/2017 (updated daily)
Fund Assets (millions) $3,620.5
Portfolio Managers 2
Expense Ratio 0.41%

Returns at NAV

Returns with Sales Charge

1-year return
5-year return
Lifetime return
30-Day SEC Yield Fund at NAV
Returns as of 10/31/17 (updated monthly). Yield as of 10/31/17 (updated monthly).

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds92.5%
Non-U.S. Bonds4.5%
Cash & Equivalents3.0%
As of 10/31/2017 (updated monthly)

Growth of 10K

For Class F-3 Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2016.
Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index

High & Low Prices

Fund Statistics

9.5 years
Average Life
4.9 years
Average Duration
Average Yield
to Maturity
Average Coupon
% of net assets as of 9/30/2017 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Moderate Interest-Rate Sensitivity
Morningstar data as of 9/30/17 (updated quarterly)


Fund Objective
The fund's investment objective is to provide inflation protection and income consistent with investment in inflation linked securities.
Distinguishing Characteristics
Offers a diversified focus, which includes inflation-linked bonds issued by the U.S. Treasury and by non-U.S. governments as well as certain floating-rate corporate issues.
Types of Investments
Inflation-linked bonds issued by U.S. government, as well as certain floating-rate corporate issues. The fund may invest up to 20% of its assets in securities of issuers domiciled outside the United States.
Portfolio Restrictions
The fund will invest primarily in debt securities with quality ratings of Aa3 or better or AA- or better at time of purchase (or unrated but determined by the fund's investment adviser to be of equivalent quality). At least 80% of the fund's assets will be invested in inflation-linked bonds issued by governments, their agencies or instrumentalities, and corporations. Further, at least 80% of the fund's assets will be invested in securities guaranteed or sponsored by the U.S. government.

Fund Facts

Fund Inception 12/14/2012
Fund Assets (millions)
As of 10/31/2017
Holdings are as of 11/30/2016 (updated as of most recent fiscal year-end).
Shareholder Accounts
Shareholder accounts are as of 10/31/2017
Regular Dividends Paid Dec
Minimum Initial Investment $250
Capital Gains Paid Dec
Portfolio Turnover (2016) 295%
Fiscal Year-End Nov
Prospectus Date 08/14/2017
CUSIP 02630D 77 4
Fund Number 760


Month-End Returns as of 10/31/17

Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index

Quarter-End Returns as of 9/30/17

Volatility & Return

Volatility & Return chart is not available for funds less than 10 years old.


Distribution Rates 30-day SEC Yield
Fund at NAV --% 3.42%
Fund at MOP N/A N/A
As of 10/31/2017 (updated monthly)

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
David A. Hoag 4 26 29
Ritchie Tuazon 3 6 17
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM

Overall Morningstar RatingTM
Funds rated(198)
3-yr. Morningstar RatingTM
(198 funds rated)
5-yr. Morningstar RatingTM
(-- funds rated)
10-yr. Morningstar RatingTM
(-- funds rated)
Overall Morningstar Risk Average
Category Inflation-Protected Bond
Ratings are based on risk-adjusted returns as of 10/31/2017 (updated monthly).

Risk Measures

For the 3 Years ending 10/31/17 (updated monthly)

Standard Deviation 3.61
Sharpe Ratio 0.35
American Funds
As of 9/30/17
As of 10/31/17
Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index BBgBarc US Agg Bond TR USD
R-squared 94 54
Beta 0.98 0.94
Capture Ratio (Downside/Upside) 100/102 95/81
U.S. Treasuries/Agencies
Cash & equivalents
% of net assets as of 9/30/2017 (updated quarterly)

Average Life Breakdown

0-4.9 Years
5-9.9 Years
10-19.9 Years
20-29.9 Years
30+ Years
% of net assets as of 9/30/2017 (updated quarterly)


Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 91.40%
Non-U.S. government/agency securities 1.90%
Municipal securities 0.30%
Asset-backed obligations 0.20%

% of net assets as of 9/30/2017 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
Energy Transfer Partners
City of South Pasadena CA Water Revenue

% of net assets as of 9/30/2017 (updated quarterly)

Geographic Breakdown

United States
Asia & Pacific Basin
Other (Including Canada & Latin America)
Cash & equivalents
% of net assets as of 9/30/2017 (updated quarterly)

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
No data available for 2016
2016 Year-to-Date: Dividends Subtotal: -- Cap Gains Subtotal: --
Total Distributions: --

Fees & Expenses


Annual Management Fees 0.33%
Other Expenses 0.08%
Service 12b-1 --
As of each fund's most recent prospectus.

Expense Ratio

FILBX 0.41%
Lipper Inflation Protected Bond Funds Average 0.55%
Fund as of most recent prospectus. Morningstar Category as of 7/31/17 (updated monthly).


Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Share prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. View fund expense ratios and returns.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations.

For more information about the risks associated with each fund, go to its detailed fund information page or read the prospectus.

There may have been periods when the fund(s) lagged the index(es). Certain market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.

Funds are managed, so holdings will change.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement .

  1. Excludes certain securities in initial period of acquisition.
  2. Includes short-term securities, accrued income and other assets less liabilities.
  3. Prior to September 30, 2016, securities in the Real Estate sector were reported under the Financials sector.
  4. Figures include convertible securities; totals may not reconcile due to rounding. Methodology notes: The equity breakdown by revenue reflects the fund’s publicly traded equity holdings and excludes cash (and fixed income securities, if applicable). Underlying revenue data were compiled by MSCI and account for disparities in the way companies report their revenues across geographic segments. MSCI breaks out each company’s reported revenues into country-by-country estimates. MSCI provides revenue data figures based on a proprietary, standardized model. Revenue exposure at the fund and index level was calculated by using FactSet, which takes these company revenue exposures and multiplies by the company’s weighting in the portfolio and index. In this breakdown, Israel has been included in Europe.
  5. The portfolio managers shown are as of the fund's most recent prospectus dated 08/14/2017.
  6. Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns at NAV, adjusted for volatility, relative to peers. Lipper ratings for Expense reflect funds’ expense minimization relative to peers with similar load structures. Lipper ratings for Preservation reflect funds’ historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative, rather than absolute, measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Tax Efficiency reflect funds’ historical success in postponing taxable distributions relative to peers. Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. Lipper ratings for Total Return reflect funds’ historical total return performance relative to peers. The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency and Expense metrics. The highest 20% of funds in each classification are named Lipper Leaders for Total Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at Lipper Leader © 2017, Thomson Reuters, All Rights Reserved.
  7. Calculated by American Funds. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar.
  8. Calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.
  9. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past results are not guarantee of results in future periods. Morningstar Rating is for Class F-3 only; other classes may have different performance characteristics.
  10. The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
  11. YTD (year-to-date return): the net change in the value of the fund's shares (in percentage terms) from January 1, 2017, to the current date shown above.
  12. Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness. If agency ratings differ, the security will be considered to have received the highest  of those ratings, consistent with the fund's investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with fund investment policies.
  13. Expense ratios are as of the most recent prospectus. The expense ratio for the F-3 share class is estimated.
  14. Source for Lipper expense ratio comparison: Lipper, based on front-end and no-load funds, excluding funds of funds, for the most recent fiscal year-ends available as of 9/30/2017.
  15. Read more information about Morningstar Style Box methodology. The model for the fixed-income style box is based on the two pillars of fixed-income performance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio's effective duration and third party credit ratings to provide an overall representation of the fund's risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.
  16. Class F-3 shares were first offered on January 27, 2017. Class F-3 share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated annual expenses. View dates of first sale and specific expense adjustment information.

Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.

©2017 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor the American Funds are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by American Funds.

Terms and Definitions

Beta: Beta relatively measures a fund's sensitivity to market movements over a specified period of time. The beta of the market (represented by the benchmark index) is equal to 1; a beta higher than 1 implies that a fund's return was more volatile than the market. A beta lower than 1 suggests that the fund was less volatile than the market. Generally the higher the R-squared measure, the more reliable the beta measurement will be.

Bloomberg Barclays U.S. Treasury Inflation-Protected Securities Index: Bloomberg Barclays U.S. Treasury Inflation-Protected Securities (TIPS) Index consists of investment-grade, fixed-rate, publicly placed, dollar-denominated and non-convertible inflation-protected securities issued by the U.S. Treasury that have at least one year remaining to maturity, and have at least $250 million par amount outstanding.

Bond Statistic Average Coupon: The average coupon is the weighted average coupon rate of all the bonds in the fund.

Bond Statistic Average Duration in Years: Expressed in years, average duration is a weighted average of the estimated price sensitivity of the bonds in the fund's portfolio to a given change in interest rates. With respect to individual bonds, for example, a duration of 4 years indicates that the price of a bond will rise/fall by approximately 4% if rates in general fall/rise by 1%. Typically, bonds with a longer duration pay higher interest but are more sensitive to interest rate changes.

Bond Statistic Average Life in Years: Expressed in years, average life is time weighting the expected principal payments, taking into consideration the impact of calls and prepayments. In general, it is a better measure than average maturity for bonds that have the ability to prepay principal before they reach maturity (e.g., mortgages, mortgage-backed securities and asset-backed securities). Data shown is a weighted average of the bond funds held in the fund's portfolio.

Bond Statistic Average Yield to Maturity: A weighted average of all the fund's bond holding's yield to maturities. Yield to maturity is the return a bond earns if held to maturity, based on its price and coupon. Assumes that coupon payments can be reinvested at the yield to maturity.

Capture Ratio Downside: Capture ratios reflect the annualized product of fund vs. index returns for all months in which the index had a positive return (upside capture) or negative return (downside capture).

Capture Ratio Upside: Capture ratios reflect the annualized product of fund vs. index returns for all months in which the index had a positive return (upside capture) or negative return (downside capture).

Morningstar rating: In an effort to classify funds by what they own, as well as by their prospectus objectives and styles, Morningstar developed Morningstar Categories. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category identifies funds based on their actual investment styles as measured by their underlying portfolio holdings (portfolio and other statistics over the past three years).

R-Squared: R-squared is a measure of the correlation between a particular fund's return and that of its benchmark index. A measure of 100 indicates that all of the fund's return can be explained by movements in its benchmark. Generally the higher the R-squared measure, the more reliable the beta measurement will be. Calculated by Morningstar.

Standard Deviation: Annualized standard deviation (based on monthly returns) is a common measure of absolute volatility that tells how returns over time have varied from the mean. A lower number signifies lower volatility. Calculated by Morningstar.