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N-CSRS 1 ibfa_ncsrs.htm N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

Certified Shareholder Report of

Registered Management Investment Companies

Investment Company Act File Number: 811-05446

Intermediate Bond Fund of America

(Exact Name of Registrant as Specified in Charter)

333 South Hope Street, 55th Floor

Los Angeles, California 90071

(Address of Principal Executive Offices)

Registrant's telephone number, including area code: (949) 975-5000

Date of fiscal year end: August 31

Date of reporting period: February 28, 2023

Becky L. Park

Intermediate Bond Fund of America

6455 Irvine Center Drive

Irvine, California 92618

(Name and Address of Agent for Service)

ITEM 1 – Reports to Stockholders

Intermediate Bond
Fund of America^®

Semi-annual report
for the six months ended
February 28, 2023

Invest with the
goal of income
and stability

Intermediate Bond Fund of America seeks to provide current income consistent with the maturity and quality standards described in the prospectus, and preservation of capital.

This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For over 90 years, Capital has invested with a long-term focus based on thorough research and attention to risk.

Fund results shown in this report, unless otherwise indicated, are for Class F-2 and Class A shares at net asset value. If a sales charge (maximum 2.50% for Class A shares) had been deducted, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, refer to capitalgroup.com.

Here are the average annual total returns on a $1,000 investment for the periods ended March 31, 2023 (the most recent calendar quarter-end):

	1 year			5 years			10 years

Class F-2 shares		–1.76	%		1.64	%		1.23	%
Class A shares (reflecting 2.50% maximum sales charge)		–4.47			0.85			0.72

For other share class results, refer to capitalgroup.com and americanfundsretirement.com.

The total annual fund operating expense ratios were 0.34% for Class F-2 shares and 0.63% for Class A shares as of the prospectus dated November 1, 2022.

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. Refer to capitalgroup.com for more information.

The fund’s 30-day yield for Class F-2 shares as of February 28, 2023, calculated in accordance with the U.S. Securities and Exchange Commission (SEC) formula, was 2.59%. The fund’s 12-month distribution rate for Class F-2 shares as of that date was 2.61%. The 30-day yield for Class A shares as of February 28, 2023, was 2.29%. The distribution rate for Class A shares as of that date was 2.28%. Class A share results reflect the 2.50% maximum sales charge. The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities while the distribution rate reflects the fund’s past dividends paid to shareholders. Accordingly, the fund’s SEC yield and distribution rate may differ.

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. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.

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

Fellow investors:

Results for Intermediate Bond Fund of America for the periods ended February 28, 2023, are shown in the table below, as well as results of the fund’s primary and secondary benchmarks and peer group.

For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/IBAFX. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.

Contents

1	Results at a glance

2	Investment portfolio

40	Financial statements

43	Notes to financial statements

56	Financial highlights

Results at a glance

(for periods ended February 28, 2023, with all distributions reinvested)

	Cumulative total returns						Average annual total returns
	6 months			1 year			5 years			10 years			Lifetime (Since Class A inception on 2/19/88)

Intermediate Bond Fund of America (Class F-2 shares)¹		–1.67	%		–5.93	%		1.22	%		1.00	%		4.28	%
Intermediate Bond Fund of America (Class A shares)		–1.79			–6.17			0.95			0.75			4.02
Bloomberg U.S. Government/Credit 1-7 Years ex BBB Index^2,3		–1.07			–5.20			0.86			0.86			4.57
Bloomberg 75% Government Credit 1-7 Years 25% Securitized Index^3,4		–1.25			–6.05			0.78			1.00			—
Lipper Short-Intermediate Investment Grade Debt Funds Average⁵		–0.32			–4.16			0.95			0.92			4.59

Past results are not predictive of results in future periods.

¹	Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Please refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
²	Bloomberg U.S. Government/Credit 1-7 Years ex BBB Index is a market value-weighted index that tracks the total return results of fixed-rate, publicly placed, dollar-denominated obligations issued by the U.S. Treasury, U.S. government agencies, quasi-federal corporations, corporate or foreign debt guaranteed by the U.S. government, and U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity and quality requirements, with maturities of one to seven years, excluding BBB-rated securities. Source: Bloomberg Index Services Ltd.
³	The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. Source: Bloomberg Index Services Ltd.
⁴	Bloomberg 75% Government Credit 1-7 Years 25% Securitized Index is a blended index consisting of 75% Bloomberg Government Credit 1-7 Years Index (defined in the previous footnote) and 25% Bloomberg U.S. Securitized Index. This latter component is a market value-weighted index that tracks the total return of dollar-denominated mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. Source: Bloomberg Index Services Ltd.
⁵	Lipper averages reflect the current composition of all eligible mutual funds (all share classes) within a given category. Source: Refinitiv Lipper.

Intermediate Bond Fund of America

Investment portfolio February 28, 2023	unaudited

Portfolio by type of security	Percent of net assets

Portfolio quality summary*	Percent of net assets
U.S. Treasury and agency^†		28.56	%
AAA/Aaa		41.23
AA/Aa		7.02
A/A		10.65
BBB/Baa		7.95
Short-term securities & other assets less liabilities		4.59

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. In assigning a credit rating to a security, the fund looks specifically to the ratings assigned to the issuer of the security by Standard & Poor’s, Moody’s and/or Fitch. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies.

^†

These securities are guaranteed by the full faith and credit of the U.S. government.

Bonds, notes & other debt instruments 95.40%	Principal amount (000)			Value (000)
Mortgage-backed obligations 31.85%
Federal agency mortgage-backed obligations 23.80%
Fannie Mae Pool #458079 9.00% 11/20/2026¹	USD	2		$	2
Fannie Mae Pool #MA2973 3.00% 4/1/2027¹		2			2
Fannie Mae Pool #AJ3916 3.00% 4/1/2027¹		—	²		—	²
Fannie Mae Pool #AU6794 3.00% 9/1/2028¹		12			11
Fannie Mae Pool #AU6682 3.00% 9/1/2028¹		2			2
Fannie Mae Pool #AW4349 3.00% 4/1/2029¹		2			2
Fannie Mae Pool #AY1948 3.50% 1/1/2030¹		71			68
Fannie Mae Pool #AY2719 3.00% 2/1/2030¹		147			139
Fannie Mae Pool #AZ0554 3.50% 10/1/2030¹		89			85
Fannie Mae Pool #BM3501 3.00% 4/1/2032¹		210			201
Fannie Mae Pool #BJ9182 3.00% 5/1/2033¹		994			932
Fannie Mae Pool #BN3184 3.00% 6/1/2033¹		286			270
Fannie Mae Pool #BJ6880 3.00% 6/1/2033¹		23			21
Fannie Mae Pool #695412 5.00% 6/1/2033¹		4			4
Fannie Mae Pool #MA3463 4.00% 9/1/2033¹		9,444			9,260
Fannie Mae Pool #BN1087 4.00% 1/1/2034¹		10			10
Fannie Mae Pool #BK0499 3.00% 12/1/2034¹		69			64
Fannie Mae Pool #AD3566 5.00% 10/1/2035¹		45			45
Fannie Mae Pool #888698 7.00% 10/1/2037¹		17			17
Fannie Mae Pool #931768 5.00% 8/1/2039¹		41			41
Fannie Mae Pool #AC0794 5.00% 10/1/2039¹		149			150
Fannie Mae Pool #932606 5.00% 2/1/2040¹		64			64
Fannie Mae Pool #AB1084 5.50% 5/1/2040¹		104			105
Fannie Mae Pool #AE1248 5.00% 6/1/2041¹		244			246
Fannie Mae Pool #MA4387 2.00% 7/1/2041¹		12,407			10,589
Fannie Mae Pool #AJ1873 4.00% 10/1/2041¹		248			238
Fannie Mae Pool #AE1277 5.00% 11/1/2041¹		134			135
Fannie Mae Pool #MA4501 2.00% 12/1/2041¹		24,613			20,791
Fannie Mae Pool #AE1283 5.00% 12/1/2041¹		71			71
Fannie Mae Pool #FS0305 1.50% 1/1/2042¹		41,534			33,613
Fannie Mae Pool #MA4540 2.00% 2/1/2042¹		5,754			4,883
Fannie Mae Pool #AE1290 5.00% 2/1/2042¹		132			133

2	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #MA4570 2.00% 3/1/2042¹	USD	5,445	$	4,600
Fannie Mae Pool #MA4586 2.00% 4/1/2042¹		1,856		1,567
Fannie Mae Pool #AR1512 3.50% 1/1/2043¹		360		338
Fannie Mae Pool #AT0412 3.50% 3/1/2043¹		165		155
Fannie Mae Pool #AT0300 3.50% 3/1/2043¹		46		44
Fannie Mae Pool #AT3954 3.50% 4/1/2043¹		77		72
Fannie Mae Pool #AL3829 3.50% 6/1/2043¹		1,599		1,505
Fannie Mae Pool #AT7161 3.50% 6/1/2043¹		584		548
Fannie Mae Pool #AY1829 3.50% 12/1/2044¹		73		69
Fannie Mae Pool #AX8521 3.50% 12/1/2044¹		54		51
Fannie Mae Pool #BE5009 3.50% 1/1/2045¹		110		103
Fannie Mae Pool #BE5017 3.50% 2/1/2045¹		890		830
Fannie Mae Pool #FM9416 3.50% 7/1/2045¹		35,075		32,547
Fannie Mae Pool #AS8310 3.00% 11/1/2046¹		1,292		1,170
Fannie Mae Pool #AS8583 3.50% 1/1/2047¹		19,212		17,812
Fannie Mae Pool #BM1179 3.00% 4/1/2047¹		1,584		1,429
Fannie Mae Pool #BE8740 3.50% 5/1/2047¹		798		741
Fannie Mae Pool #BE8742 3.50% 5/1/2047¹		233		218
Fannie Mae Pool #BH2846 3.50% 5/1/2047¹		108		100
Fannie Mae Pool #BH2848 3.50% 5/1/2047¹		96		89
Fannie Mae Pool #BH2847 3.50% 5/1/2047¹		74		69
Fannie Mae Pool #BH3122 4.00% 6/1/2047¹		49		48
Fannie Mae Pool #BJ5015 4.00% 12/1/2047¹		1,448		1,396
Fannie Mae Pool #BM3788 3.50% 3/1/2048¹		31,753		29,572
Fannie Mae Pool #BJ4901 3.50% 3/1/2048¹		608		566
Fannie Mae Pool #BK5232 4.00% 5/1/2048¹		722		696
Fannie Mae Pool #BK4873 5.00% 5/1/2048¹		219		217
Fannie Mae Pool #BK6840 4.00% 6/1/2048¹		1,010		974
Fannie Mae Pool #BK9743 4.00% 8/1/2048¹		299		288
Fannie Mae Pool #BK9761 4.50% 8/1/2048¹		149		148
Fannie Mae Pool #CA2850 4.00% 12/1/2048¹		394		382
Fannie Mae Pool #BF0320 5.50% 1/1/2049¹		2,452		2,561
Fannie Mae Pool #FM3280 3.50% 5/1/2049¹		9,150		8,528
Fannie Mae Pool #FM1062 3.50% 6/1/2049¹		6,086		5,664
Fannie Mae Pool #BJ8411 3.50% 8/1/2049¹		1,593		1,482
Fannie Mae Pool #CA4151 3.50% 9/1/2049¹		8,098		7,544
Fannie Mae Pool #FM1443 3.50% 9/1/2049¹		4,550		4,228
Fannie Mae Pool #CA5333 3.00% 3/1/2050¹		55,469		49,565
Fannie Mae Pool #CA5338 3.00% 3/1/2050¹		23,895		21,247
Fannie Mae Pool #FM2664 3.50% 3/1/2050¹		5,770		5,311
Fannie Mae Pool #CA5731 3.00% 5/1/2050¹		47,629		42,369
Fannie Mae Pool #CA5968 2.50% 6/1/2050¹		4,369		3,750
Fannie Mae Pool #CA6593 2.50% 8/1/2050¹		12,205		10,500
Fannie Mae Pool #BP6715 2.00% 9/1/2050¹		3		2
Fannie Mae Pool #CA7599 2.50% 11/1/2050¹		6,224		5,358
Fannie Mae Pool #CA7743 2.50% 11/1/2050¹		30		25
Fannie Mae Pool #MA4208 2.00% 12/1/2050¹		1,915		1,568
Fannie Mae Pool #CA8046 3.00% 12/1/2050¹		6,007		5,396
Fannie Mae Pool #CA8828 2.50% 2/1/2051¹		19,916		17,124
Fannie Mae Pool #CA9291 2.50% 2/1/2051¹		931		789
Fannie Mae Pool #CB0290 2.00% 4/1/2051¹		9,976		8,164
Fannie Mae Pool #MA4305 2.00% 4/1/2051¹		90		74
Fannie Mae Pool #CB0041 3.00% 4/1/2051¹		23,239		20,821
Fannie Mae Pool #BR1035 2.00% 5/1/2051¹		53		43
Fannie Mae Pool #CB0457 2.50% 5/1/2051¹		3,859		3,296
Fannie Mae Pool #FM7900 2.50% 7/1/2051¹		1,606		1,378
Fannie Mae Pool #FM8436 2.50% 9/1/2051¹		936		794
Fannie Mae Pool #BU0365 2.50% 9/1/2051¹		497		422
Fannie Mae Pool #MA4414 2.50% 9/1/2051¹		277		235
Fannie Mae Pool #FM8692 2.50% 9/1/2051¹		29		24
Fannie Mae Pool #FS0965 2.00% 11/1/2051¹		423		347
Fannie Mae Pool #FM9492 2.50% 11/1/2051¹		9,304		7,975
Fannie Mae Pool #FM9694 2.50% 11/1/2051¹		4,575		3,933
Fannie Mae Pool #FM9632 3.00% 11/1/2051¹		10,536		9,358
Fannie Mae Pool #FM9631 3.00% 11/1/2051¹		4,475		3,982
Fannie Mae Pool #CB2292 3.00% 11/1/2051¹		1,304		1,162
Fannie Mae Pool #FS0433 2.50% 12/1/2051¹		29,347		25,540

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #CB2286 2.50% 12/1/2051¹	USD	16,580	$	14,183
Fannie Mae Pool #CB2319 2.50% 12/1/2051¹		15,064		12,886
Fannie Mae Pool #CB2375 2.50% 12/1/2051¹		14,835		12,650
Fannie Mae Pool #CB2372 2.50% 12/1/2051¹		7,245		6,198
Fannie Mae Pool #CB2371 2.50% 12/1/2051¹		6,339		5,434
Fannie Mae Pool #BT9510 2.50% 12/1/2051¹		5,692		4,874
Fannie Mae Pool #BT9483 2.50% 12/1/2051¹		5,691		4,868
Fannie Mae Pool #FM9804 2.50% 12/1/2051¹		4,900		4,204
Fannie Mae Pool #CB2291 2.50% 12/1/2051¹		216		184
Fannie Mae Pool #FM9976 3.00% 12/1/2051¹		6,789		6,074
Fannie Mae Pool #CB2293 3.00% 12/1/2051¹		1,296		1,152
Fannie Mae Pool #BU8481 3.50% 12/1/2051¹		163		148
Fannie Mae Pool #CB2544 3.00% 1/1/2052¹		13,612		12,079
Fannie Mae Pool #BU1410 3.00% 1/1/2052¹		3,985		3,512
Fannie Mae Pool #BV2890 3.00% 1/1/2052¹		656		578
Fannie Mae Pool #BV3080 2.00% 2/1/2052¹		44,085		36,015
Fannie Mae Pool #BV3076 2.00% 2/1/2052¹		24,328		19,873
Fannie Mae Pool #CB2765 2.00% 2/1/2052¹		6,389		5,259
Fannie Mae Pool #CB2846 2.00% 2/1/2052¹		805		658
Fannie Mae Pool #FS0523 2.50% 2/1/2052¹		1,746		1,493
Fannie Mae Pool #BT1892 2.50% 2/1/2052¹		199		169
Fannie Mae Pool #BV3870 2.50% 2/1/2052¹		87		74
Fannie Mae Pool #FS0647 3.00% 2/1/2052¹		5,198		4,644
Fannie Mae Pool #BU1320 3.00% 2/1/2052¹		3,985		3,512
Fannie Mae Pool #BU8803 3.00% 2/1/2052¹		530		467
Fannie Mae Pool #MA4562 2.00% 3/1/2052¹		3,438		2,805
Fannie Mae Pool #BU8884 2.50% 3/1/2052¹		1,214		1,030
Fannie Mae Pool #BV2655 2.50% 3/1/2052¹		298		253
Fannie Mae Pool #FS1030 3.00% 3/1/2052¹		2,106		1,856
Fannie Mae Pool #BV2942 3.00% 3/1/2052¹		564		497
Fannie Mae Pool #FS0957 3.00% 3/1/2052¹		472		416
Fannie Mae Pool #FS0831 3.00% 3/1/2052¹		254		224
Fannie Mae Pool #CB3394 2.00% 4/1/2052¹		3,172		2,591
Fannie Mae Pool #MA4577 2.00% 4/1/2052¹		2,654		2,165
Fannie Mae Pool #CB3346 2.00% 4/1/2052¹		758		619
Fannie Mae Pool #CB3408 2.50% 4/1/2052¹		6,527		5,537
Fannie Mae Pool #BV7771 2.50% 4/1/2052¹		5,388		4,574
Fannie Mae Pool #BU6901 2.50% 4/1/2052¹		874		742
Fannie Mae Pool #CB3354 2.50% 4/1/2052¹		174		148
Fannie Mae Pool #BV4656 2.50% 4/1/2052¹		149		127
Fannie Mae Pool #BU9507 2.50% 4/1/2052¹		28		23
Fannie Mae Pool #CB3242 3.00% 4/1/2052¹		487		429
Fannie Mae Pool #BV7200 3.00% 4/1/2052¹		459		404
Fannie Mae Pool #BU8945 3.00% 4/1/2052¹		399		351
Fannie Mae Pool #BV8459 3.00% 4/1/2052¹		256		225
Fannie Mae Pool #BV9645 3.00% 5/1/2052¹		10,962		9,659
Fannie Mae Pool #CB3495 3.00% 5/1/2052¹		6,449		5,680
Fannie Mae Pool #FS1877 3.00% 5/1/2052¹		5,266		4,640
Fannie Mae Pool #BV2443 3.00% 5/1/2052¹		735		647
Fannie Mae Pool #CB3586 3.00% 5/1/2052¹		720		634
Fannie Mae Pool #BU8845 3.50% 5/1/2052¹		5,751		5,243
Fannie Mae Pool #MA4622 2.00% 6/1/2052¹		934		762
Fannie Mae Pool #MA4625 3.50% 6/1/2052¹		59		54
Fannie Mae Pool #FS2239 2.50% 7/1/2052¹		72		61
Fannie Mae Pool #FS3539 3.50% 7/1/2052¹		794		724
Fannie Mae Pool #CB4159 4.00% 7/1/2052¹		2,638		2,479
Fannie Mae Pool #BW4109 4.50% 7/1/2052¹		795		767
Fannie Mae Pool #FS2555 4.50% 7/1/2052¹		500		482
Fannie Mae Pool #BV8024 4.00% 8/1/2052¹		3,308		3,109
Fannie Mae Pool #MA4700 4.00% 8/1/2052¹		1,023		962
Fannie Mae Pool #BW9206 5.50% 8/1/2052¹		843		863
Fannie Mae Pool #CB4421 5.50% 8/1/2052¹		308		308
Fannie Mae Pool #MA4732 4.00% 9/1/2052¹		30,310		28,486
Fannie Mae Pool #BW7326 4.00% 9/1/2052¹		2,844		2,672
Fannie Mae Pool #BW9348 4.00% 9/1/2052¹		2,478		2,329
Fannie Mae Pool #BW9184 4.00% 9/1/2052¹		2,325		2,185
Fannie Mae Pool #BW8103 4.00% 9/1/2052¹		2,309		2,170

4	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #BW7702 4.50% 9/1/2052¹	USD	1,758		$	1,696
Fannie Mae Pool #BW9180 4.50% 9/1/2052¹		1,505			1,452
Fannie Mae Pool #MA4761 5.00% 9/1/2052¹		3,457			3,402
Fannie Mae Pool #BW1201 5.00% 9/1/2052¹		2,253			2,218
Fannie Mae Pool #BW8088 5.00% 9/1/2052¹		1,247			1,227
Fannie Mae Pool #CB4960 3.50% 10/1/2052¹		4,915			4,478
Fannie Mae Pool #BW8980 4.00% 10/1/2052¹		14,156			13,304
Fannie Mae Pool #BW8987 4.00% 10/1/2052¹		7,552			7,098
Fannie Mae Pool #MA4783 4.00% 10/1/2052¹		7,267			6,830
Fannie Mae Pool #BW1210 4.00% 10/1/2052¹		6,891			6,476
Fannie Mae Pool #BW7356 4.00% 10/1/2052¹		5,796			5,448
Fannie Mae Pool #BX0509 4.00% 10/1/2052¹		2,461			2,313
Fannie Mae Pool #BW1241 4.00% 10/1/2052¹		127			119
Fannie Mae Pool #BW8996 4.50% 10/1/2052¹		19,093			18,418
Fannie Mae Pool #MA4784 4.50% 10/1/2052¹		8,422			8,124
Fannie Mae Pool #BW8745 4.50% 10/1/2052¹		6,693			6,459
Fannie Mae Pool #BX1203 4.50% 10/1/2052¹		768			741
Fannie Mae Pool #BW7368 5.00% 10/1/2052¹		1,982			1,951
Fannie Mae Pool #MA4785 5.00% 10/1/2052¹		991			975
Fannie Mae Pool #BX2555 5.50% 10/1/2052¹		1,309			1,311
Fannie Mae Pool #MA4786 5.50% 10/1/2052¹		478			479
Fannie Mae Pool #BW1373 4.00% 11/1/2052¹		6,000			5,639
Fannie Mae Pool #BW1310 4.00% 11/1/2052¹		2,603			2,446
Fannie Mae Pool #MA4804 4.00% 11/1/2052¹		1,738			1,633
Fannie Mae Pool #MA4805 4.50% 11/1/2052¹		45,215			43,615
Fannie Mae Pool #BX1035 4.50% 11/1/2052¹		1,642			1,584
Fannie Mae Pool #BX3078 4.50% 11/1/2052¹		1,461			1,409
Fannie Mae Pool #BX1040 5.50% 11/1/2052¹		794			794
Fannie Mae Pool #BW1340 6.50% 11/1/2052¹		463			476
Fannie Mae Pool #MA4839 4.00% 12/1/2052¹		2,972			2,793
Fannie Mae Pool #MA4840 4.50% 12/1/2052¹		90,312			87,117
Fannie Mae Pool #MA4841 5.00% 12/1/2052¹		2,060			2,027
Fannie Mae Pool #BX4004 5.50% 12/1/2052¹		404			404
Fannie Mae Pool #MA4877 6.50% 12/1/2052¹		14,066			14,436
Fannie Mae Pool #BX4607 6.50% 12/1/2052¹		211			216
Fannie Mae Pool #CB5404 4.00% 1/1/2053¹		440			413
Fannie Mae Pool #MA4866 4.00% 1/1/2053¹		74			69
Fannie Mae Pool #MA4869 5.50% 1/1/2053¹		721			721
Fannie Mae Pool #MA4895 6.50% 1/1/2053¹		194,462			199,516
Fannie Mae Pool #BX5932 6.50% 1/1/2053¹		8,181			8,401
Fannie Mae Pool #BX3692 6.50% 1/1/2053¹		6,102			6,261
Fannie Mae Pool #BX5903 6.50% 1/1/2053¹		215			221
Fannie Mae Pool #MA4919 5.50% 2/1/2053¹		3,758			3,757
Fannie Mae Pool #MA4928 6.50% 2/1/2053¹		81,653			83,775
Fannie Mae Pool #MA4962 4.00% 3/1/2053¹		750			705
Fannie Mae Pool #MA4943 6.50% 3/1/2053¹		4,000			4,108
Fannie Mae Pool #BF0379 3.50% 4/1/2059¹		13,840			12,742
Fannie Mae Pool #BM6736 4.50% 11/1/2059¹		1,503			1,466
Fannie Mae Pool #BF0481 3.50% 6/1/2060¹		9,667			8,901
Fannie Mae Pool #BF0480 3.50% 6/1/2060¹		6,147			5,661
Fannie Mae Pool #BF0497 3.00% 7/1/2060¹		11,111			9,758
Fannie Mae Pool #BF0548 3.00% 7/1/2061¹		3,062			2,656
Fannie Mae Pool #BF0585 4.50% 12/1/2061¹		3,536			3,449
Fannie Mae, Series 2001-4, Class GA, 9.00% 4/17/2025^1,3		—	²		—	²
Fannie Mae, Series 2001-4, Class NA, 9.00% 10/25/2025^1,3		—	²		—	²
Fannie Mae, Series 2002-W7, Class A5, 7.50% 2/25/2029¹		91			98
Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041¹		171			183
Fannie Mae, Series 2001-T10, Class A1, 7.00% 12/25/2041¹		37			37
Fannie Mae, Series 2013-M12, Class APT, Multi Family, 2.553% 3/25/2023^1,3		236			235
Fannie Mae, Series 2017-M3, Class AV2, Multi Family, 2.538% 5/25/2024^1,3		1,503			1,465
Fannie Mae, Series 2017-M10, Class AV2, Multi Family, 2.54% 7/25/2024^1,3		2,783			2,696
Fannie Mae, Series 2017-M15, Class AV2, Multi Family, 2.564% 11/25/2024^1,3		1,777			1,708
Fannie Mae, Series 2016-M5, Class A1, Multi Family, 2.073% 4/25/2026¹		1,229			1,200
Fannie Mae, Series 2017-M12, Class A2, Multi Family, 3.062% 6/25/2027^1,3		8,954			8,356
Fannie Mae, Series 2017-M15, Class A2, Multi Family, 2.961% 9/25/2027^1,3		10,236			9,614
Fannie Mae, Series 2006-96, Class MO, principal only, 0% 10/25/2036¹		133			117
Fannie Mae, Series 2006-123, Class BO, principal only, 0% 1/25/2037¹		439			375

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Pool #ZK7590 3.00% 1/1/2029¹	USD	1,360	$	1,296
Freddie Mac Pool #ZS8526 3.00% 5/1/2029¹		29		28
Freddie Mac Pool #QN1073 3.00% 12/1/2034¹		84		78
Freddie Mac Pool #QK1181 2.00% 11/1/2041¹		1,401		1,189
Freddie Mac Pool #RB5138 2.00% 12/1/2041¹		20,561		17,445
Freddie Mac Pool #RB5145 2.00% 2/1/2042¹		6,368		5,403
Freddie Mac Pool #RB5148 2.00% 3/1/2042¹		26,683		22,527
Freddie Mac Pool #RB5153 2.00% 4/1/2042¹		1,809		1,529
Freddie Mac Pool #Q15874 4.00% 2/1/2043¹		31		30
Freddie Mac Pool #Q17696 3.50% 4/1/2043¹		396		372
Freddie Mac Pool #Q18236 3.50% 5/1/2043¹		564		530
Freddie Mac Pool #Q19133 3.50% 6/1/2043¹		443		416
Freddie Mac Pool #Q28558 3.50% 9/1/2044¹		446		418
Freddie Mac Pool #760012 3.113% 4/1/2045^1,3		900		870
Freddie Mac Pool #760013 3.208% 4/1/2045^1,3		515		501
Freddie Mac Pool #760014 2.739% 8/1/2045^1,3		1,555		1,498
Freddie Mac Pool #G60238 3.50% 10/1/2045¹		5,620		5,253
Freddie Mac Pool #G67700 3.50% 8/1/2046¹		2,079		1,939
Freddie Mac Pool #760015 2.574% 1/1/2047^1,3		2,554		2,410
Freddie Mac Pool #Q47615 3.50% 4/1/2047¹		707		655
Freddie Mac Pool #Q51622 3.50% 10/1/2047¹		822		762
Freddie Mac Pool #Q52069 3.50% 11/1/2047¹		1,064		990
Freddie Mac Pool #Q54709 3.50% 3/1/2048¹		791		735
Freddie Mac Pool #Q54701 3.50% 3/1/2048¹		778		723
Freddie Mac Pool #Q55056 3.50% 3/1/2048¹		703		651
Freddie Mac Pool #Q54700 3.50% 3/1/2048¹		555		517
Freddie Mac Pool #Q54781 3.50% 3/1/2048¹		496		462
Freddie Mac Pool #Q54782 3.50% 3/1/2048¹		480		447
Freddie Mac Pool #Q54699 3.50% 3/1/2048¹		285		266
Freddie Mac Pool #Q54831 3.50% 3/1/2048¹		243		227
Freddie Mac Pool #Q54698 3.50% 3/1/2048¹		202		189
Freddie Mac Pool #G67711 4.00% 3/1/2048¹		7,319		7,067
Freddie Mac Pool #Q55060 3.50% 4/1/2048¹		227		210
Freddie Mac Pool #Q55971 4.00% 5/1/2048¹		745		720
Freddie Mac Pool #Q56175 4.00% 5/1/2048¹		680		657
Freddie Mac Pool #Q55970 4.00% 5/1/2048¹		368		356
Freddie Mac Pool #Q56590 3.50% 6/1/2048¹		386		359
Freddie Mac Pool #Q56589 3.50% 6/1/2048¹		241		224
Freddie Mac Pool #Q56591 3.50% 6/1/2048¹		206		191
Freddie Mac Pool #Q56599 4.00% 6/1/2048¹		1,052		1,016
Freddie Mac Pool #Q58411 4.50% 9/1/2048¹		1,503		1,499
Freddie Mac Pool #Q58436 4.50% 9/1/2048¹		824		818
Freddie Mac Pool #Q58378 4.50% 9/1/2048¹		601		590
Freddie Mac Pool #QA0284 3.50% 6/1/2049¹		2,714		2,523
Freddie Mac Pool #RA1369 3.50% 9/1/2049¹		23,692		21,877
Freddie Mac Pool #QA2748 3.50% 9/1/2049¹		726		674
Freddie Mac Pool #RA1580 3.50% 10/1/2049¹		5,729		5,337
Freddie Mac Pool #RA1463 3.50% 10/1/2049¹		5,472		5,097
Freddie Mac Pool #SD0187 3.00% 1/1/2050¹		4,981		4,472
Freddie Mac Pool #RA2457 3.00% 4/1/2050¹		10,484		9,349
Freddie Mac Pool #SD7525 2.50% 10/1/2050¹		4,677		4,035
Freddie Mac Pool #SD8106 2.00% 11/1/2050¹		34,313		28,102
Freddie Mac Pool #SD7528 2.00% 11/1/2050¹		9,432		7,803
Freddie Mac Pool #SD8128 2.00% 2/1/2051¹		312		256
Freddie Mac Pool #SD8134 2.00% 3/1/2051¹		519		425
Freddie Mac Pool #RA5288 2.00% 5/1/2051¹		56,587		46,359
Freddie Mac Pool #RA5259 2.50% 5/1/2051¹		3,789		3,236
Freddie Mac Pool #RA5747 2.50% 8/1/2051¹		23		20
Freddie Mac Pool #SD7545 2.50% 9/1/2051¹		15,970		13,743
Freddie Mac Pool #RA5782 2.50% 9/1/2051¹		6,414		5,496
Freddie Mac Pool #RA5971 3.00% 9/1/2051¹		114,595		101,960
Freddie Mac Pool #QC7814 2.50% 10/1/2051¹		189		160
Freddie Mac Pool #RA6406 2.00% 11/1/2051¹		4,895		4,017
Freddie Mac Pool #SD1385 2.50% 11/1/2051¹		4,336		3,717
Freddie Mac Pool #SD7548 2.50% 11/1/2051¹		4,293		3,691
Freddie Mac Pool #RA6915 2.50% 11/1/2051¹		450		382
Freddie Mac Pool #QC9944 2.50% 11/1/2051¹		75		64

6	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Pool #RA6483 2.50% 12/1/2051¹	USD	12,831	$	10,941
Freddie Mac Pool #SD7552 2.50% 1/1/2052¹		3,030		2,595
Freddie Mac Pool #SD8189 2.50% 1/1/2052¹		395		335
Freddie Mac Pool #RA7263 2.50% 1/1/2052¹		194		165
Freddie Mac Pool #SD0853 2.50% 1/1/2052¹		27		23
Freddie Mac Pool #QD6848 2.50% 2/1/2052¹		992		843
Freddie Mac Pool #RA6528 2.50% 2/1/2052¹		25		21
Freddie Mac Pool #SD7550 3.00% 2/1/2052¹		27,324		24,444
Freddie Mac Pool #QD6256 3.00% 2/1/2052¹		2,989		2,634
Freddie Mac Pool #RA6702 3.00% 2/1/2052¹		1,992		1,763
Freddie Mac Pool #RA6608 3.00% 2/1/2052¹		786		692
Freddie Mac Pool #RA6804 3.00% 2/1/2052¹		538		474
Freddie Mac Pool #SD0873 3.50% 2/1/2052¹		10,844		10,019
Freddie Mac Pool #QD7089 3.50% 2/1/2052¹		1,219		1,112
Freddie Mac Pool #SD8199 2.00% 3/1/2052¹		2,501		2,042
Freddie Mac Pool #RA7065 2.00% 3/1/2052¹		858		701
Freddie Mac Pool #RA6973 2.00% 3/1/2052¹		707		578
Freddie Mac Pool #QD9879 2.50% 3/1/2052¹		3,271		2,776
Freddie Mac Pool #SD8200 2.50% 3/1/2052¹		745		633
Freddie Mac Pool #QE0588 2.50% 3/1/2052¹		497		422
Freddie Mac Pool #QD8748 2.50% 3/1/2052¹		458		388
Freddie Mac Pool #SD7553 3.00% 3/1/2052¹		60,134		53,560
Freddie Mac Pool #QD9974 3.00% 3/1/2052¹		2,990		2,638
Freddie Mac Pool #QD9881 3.00% 3/1/2052¹		705		621
Freddie Mac Pool #SD7554 2.50% 4/1/2052¹		6,921		5,934
Freddie Mac Pool #QE0170 2.50% 4/1/2052¹		1,092		927
Freddie Mac Pool #QE0732 2.50% 4/1/2052¹		491		419
Freddie Mac Pool #QD9911 2.50% 4/1/2052¹		130		111
Freddie Mac Pool #SD8205 2.50% 4/1/2052¹		29		25
Freddie Mac Pool #SD8206 3.00% 4/1/2052¹		3,266		2,878
Freddie Mac Pool #QD9576 3.00% 4/1/2052¹		452		398
Freddie Mac Pool #SD8212 2.50% 5/1/2052¹		9,773		8,296
Freddie Mac Pool #SD8214 3.50% 5/1/2052¹		812		741
Freddie Mac Pool #QE4383 4.00% 6/1/2052¹		80		75
Freddie Mac Pool #RA7556 4.50% 6/1/2052¹		10,600		10,238
Freddie Mac Pool #SD1122 4.50% 6/1/2052¹		24		23
Freddie Mac Pool #QE5364 3.00% 7/1/2052¹		52		46
Freddie Mac Pool #QE7279 4.50% 7/1/2052¹		1,459		1,408
Freddie Mac Pool #QE6084 5.00% 7/1/2052¹		2,019		1,989
Freddie Mac Pool #RA7747 2.50% 8/1/2052¹		192		163
Freddie Mac Pool #SD8237 4.00% 8/1/2052¹		48,092		45,207
Freddie Mac Pool #QE9057 4.00% 8/1/2052¹		2,131		2,003
Freddie Mac Pool #QE7951 4.50% 8/1/2052¹		63		61
Freddie Mac Pool #QF0925 3.00% 9/1/2052¹		500		440
Freddie Mac Pool #SD8242 3.00% 9/1/2052¹		276		243
Freddie Mac Pool #SD8244 4.00% 9/1/2052¹		38,003		35,715
Freddie Mac Pool #QE9625 4.00% 9/1/2052¹		2,749		2,584
Freddie Mac Pool #QE9618 4.00% 9/1/2052¹		2,543		2,390
Freddie Mac Pool #QF1521 4.50% 9/1/2052¹		334		322
Freddie Mac Pool #SD8246 5.00% 9/1/2052¹		79,185		77,932
Freddie Mac Pool #RA7938 5.00% 9/1/2052¹		68,628		67,542
Freddie Mac Pool #QF0311 5.00% 9/1/2052¹		412		405
Freddie Mac Pool #QF1395 4.00% 10/1/2052¹		14,069		13,222
Freddie Mac Pool #QF1464 4.00% 10/1/2052¹		2,641		2,482
Freddie Mac Pool #SD8256 4.00% 10/1/2052¹		1,788		1,680
Freddie Mac Pool #SD8257 4.50% 10/1/2052¹		33,672		32,480
Freddie Mac Pool #QF2182 4.50% 10/1/2052¹		1,561		1,505
Freddie Mac Pool #QF3146 4.50% 10/1/2052¹		1,348		1,307
Freddie Mac Pool #SD8264 3.50% 11/1/2052¹		77,000		70,161
Freddie Mac Pool #QF3364 4.00% 11/1/2052¹		14,679		13,795
Freddie Mac Pool #SD8266 4.50% 11/1/2052¹		298		287
Freddie Mac Pool #QF3267 5.00% 11/1/2052¹		3,985		3,922
Freddie Mac Pool #SD2107 3.50% 12/1/2052¹		143		130
Freddie Mac Pool #SD8275 4.50% 12/1/2052¹		3,724		3,592
Freddie Mac Pool #QF4661 5.50% 12/1/2052¹		140		140
Freddie Mac Pool #SD8288 5.00% 1/1/2053¹		4,624		4,551
Freddie Mac Pool #SD8289 5.50% 1/1/2053¹		3,937		3,935

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Pool #SD8282 6.50% 1/1/2053¹	USD	220,180		$	225,902
Freddie Mac Pool #QF6553 6.50% 1/1/2053¹		13,291			13,646
Freddie Mac Pool #QF6141 6.50% 1/1/2053¹		2,548			2,616
Freddie Mac Pool #QF5667 6.50% 1/1/2053¹		1,702			1,746
Freddie Mac Pool #QF5682 6.50% 1/1/2053¹		949			974
Freddie Mac Pool #QF6134 6.50% 1/1/2053¹		200			205
Freddie Mac Pool #QF7872 3.50% 2/1/2053¹		334			305
Freddie Mac Pool #SD8300 5.50% 2/1/2053¹		1,970			1,969
Freddie Mac Pool #SD8301 6.00% 2/1/2053¹		172			175
Freddie Mac Pool #SD8302 6.50% 2/1/2053¹		36,870			37,829
Freddie Mac Pool #QF8065 6.50% 2/1/2053¹		2,155			2,213
Freddie Mac Pool #SD8308 5.50% 3/1/2053¹		5,542			5,543
Freddie Mac Pool #SD8310 6.50% 3/1/2053¹		13,544			13,909
Freddie Mac, Series 1567, Class A, (1-month USD-LIBOR + 0.40%) 2.547% 8/15/2023^1,3		—	²		—	²
Freddie Mac, Series K749, Class AM, 2.12% 6/25/2029¹		2,069			1,799
Freddie Mac, Series T041, Class 3A, 4.369% 7/25/2032^1,3		128			122
Freddie Mac, Series 4582, Class GA, 3.75% 3/15/2052^1,3		1,174			1,171
Freddie Mac, Series K032, Class A2, Multi Family, 3.31% 5/25/2023¹		4,946			4,919
Freddie Mac, Series K033, Class A2, Multi Family, 3.06% 7/25/2023^1,3		1,497			1,486
Freddie Mac, Series K034, Class A2, Multi Family, 3.531% 7/25/2023¹		1,879			1,865
Freddie Mac, Series K037, Class A2, Multi Family, 3.49% 1/25/2024¹		1,500			1,479
Freddie Mac, Series K038, Class A2, Multi Family, 3.389% 3/25/2024¹		4,981			4,889
Freddie Mac, Series K726, Class A2, Multi Family, 2.905% 4/25/2024¹		5,702			5,563
Freddie Mac, Series K040, Class A2, Multi Family, 3.241% 9/25/2024¹		4,500			4,374
Freddie Mac, Series K041, Class A2, Multi Family, 3.171% 10/25/2024¹		5,336			5,174
Freddie Mac, Series K042, Class A2, Multi Family, 2.67% 12/25/2024¹		2,310			2,215
Freddie Mac, Series K043, Class A2, Multi Family, 3.062% 12/25/2024¹		6,000			5,789
Freddie Mac, Series K044, Class A2, Multi Family, 2.811% 1/25/2025¹		1,239			1,190
Freddie Mac, Series K046, Class A2, Multi Family, 3.205% 3/25/2025¹		23,029			22,186
Freddie Mac, Series KPLB, Class A, Multi Family, 2.77% 5/25/2025¹		40,633			38,718
Freddie Mac, Series K732, Class A2, Multi Family, 3.70% 5/25/2025¹		33,227			32,309
Freddie Mac, Series K048, Class A2, Multi Family, 3.284% 6/25/2025^1,3		65,941			63,576
Freddie Mac, Series K049, Class A2, Multi Family, 3.01% 7/25/2025¹		42,559			40,742
Freddie Mac, Series K051, Class A2, Multi Family, 3.308% 9/25/2025¹		630			606
Freddie Mac, Series K052, Class A2, Multi Family, 3.151% 11/25/2025¹		3,000			2,870
Freddie Mac, Series K053, Class A2, Multi Family, 2.995% 12/25/2025¹		1,575			1,499
Freddie Mac, Series K054, Class A2, Multi Family, 2.745% 1/25/2026¹		6,250			5,902
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 2/25/2026¹		14,275			13,663
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 3/25/2026¹		3,697			3,477
Freddie Mac, Series K056, Class A2, Multi Family, 2.525% 5/25/2026¹		4,750			4,438
Freddie Mac, Series K057, Class A2, Multi Family, 2.57% 7/25/2026¹		1,500			1,401
Freddie Mac, Series K061, Class A2, Multi Family, 3.347% 11/25/2026¹		7,500			7,120
Freddie Mac, Series K064, Class A2, Multi Family, 3.224% 3/25/2027^1,3		3,500			3,316
Freddie Mac, Series K065, Class A2, Multi Family, 3.243% 4/25/2027¹		5,500			5,210
Freddie Mac, Series K074, Class A2, Multi Family, 3.60% 1/25/2028¹		1,500			1,438
Freddie Mac, Series K078, Class A2, Multi Family, 3.854% 6/25/2028¹		3,250			3,146
Freddie Mac, Series K081, Class A2, Multi Family, 3.90% 8/25/2028^1,3		3,000			2,904
Freddie Mac, Series K082, Class A2, Multi Family, 3.92% 9/25/2028^1,3		3,000			2,906
Freddie Mac, Series K083, Class A2, Multi Family, 4.05% 9/25/2028^1,3		7,250			7,069
Freddie Mac, Series K084, Class A2, Multi Family, 3.78% 10/25/2028^1,3		10,180			9,753
Freddie Mac, Series K089, Class A2, Multi Family, 3.563% 1/25/2029¹		8,252			7,835
Freddie Mac, Series K090, Class A2, Multi Family, 3.422% 2/25/2029¹		10,000			9,419
Freddie Mac, Series K749, Class A2, Multi Family, 2.12% 6/25/2029¹		2,113			1,849
Freddie Mac, Series K143, Class A2, Multi Family, 2.35% 6/25/2032¹		4,990			4,208
Freddie Mac, Series K144, Class AM, Multi Family, 2.45% 7/25/2032¹		3,000			2,546
Freddie Mac, Series K144, Class A2, Multi Family, 2.45% 7/25/2032¹		2,536			2,167
Freddie Mac, Series K152, Class A2, Multi Family, 3.80% 10/25/2032^1,3		1,005			953
Freddie Mac, Series K152, Class A2, Multi Family, 3.78% 11/25/2032¹		8,558			8,106
Freddie Mac, Series K151, Class A2, Multi Family, 3.80% 12/25/2032¹		16,000			15,180
Freddie Mac, Series K153, Class A2, Multi Family, 3.82% 1/25/2033¹		10,000			9,503
Freddie Mac, Series K105, Class A2, Multi Family, 1.872% 3/25/2053¹		52			44
Freddie Mac, Series 3171, Class MO, principal only, 0% 6/15/2036¹		375			332
Freddie Mac, Series 3213, Class OG, principal only, 0% 9/15/2036¹		239			211
Freddie Mac, Series 3292, Class BO, principal only, 0% 3/15/2037¹		81			69
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056^1,3		6,027			5,615

8	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/2056¹	USD	5,610	$	5,026
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056¹		1,134		1,017
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056¹		6,223		5,780
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056^1,3		6,117		5,693
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057¹		6,012		5,263
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057^1,3		5,915		5,366
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057¹		3,078		2,833
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057¹		20,423		19,354
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/2057¹		7,608		6,989
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/2058¹		8,012		7,358
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058¹		3,105		2,935
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/26/2058¹		2,734		2,511
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058¹		2,323		2,135
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA, 3.50% 10/25/2058¹		653		618
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059¹		4,375		4,053
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028¹		1,010		958
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028¹		13,434		12,738
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-2, Class A1C, 2.75% 9/25/2029¹		31,880		29,353
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/2029¹		18,910		17,384
FREMF Mortgage Trust, Series K-142, Class A2, 2.40% 3/25/2032¹		14,000		11,871
Government National Mortgage Assn. 2.00% 3/1/2053^1,4		59,922		50,249
Government National Mortgage Assn. 2.50% 3/1/2053^1,4		22,161		19,172
Government National Mortgage Assn. 3.00% 3/1/2053^1,4		69,139		61,746
Government National Mortgage Assn. 3.50% 3/1/2053^1,4		19,739		18,144
Government National Mortgage Assn. 4.50% 3/1/2053^1,4		42,933		41,640
Government National Mortgage Assn. 2.50% 4/1/2053^1,4		24,300		20,980
Government National Mortgage Assn. 3.00% 4/1/2053^1,4		23,600		21,013
Government National Mortgage Assn. 4.50% 4/1/2053^1,4		22,500		21,833
Government National Mortgage Assn. Pool #5306 4.50% 2/20/2042¹		7		7
Government National Mortgage Assn. Pool #MA4511 4.00% 6/20/2047¹		24,230		23,248
Government National Mortgage Assn. Pool #MA5332 5.00% 7/20/2048¹		3		3
Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049¹		6		6
Government National Mortgage Assn. Pool #MA8151 4.50% 7/20/2052¹		433		420
Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052¹		149		141
Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/2052¹		2,538		2,400
Government National Mortgage Assn. Pool #MA8488 4.00% 12/20/2052¹		299		282
Government National Mortgage Assn. Pool #MA8570 5.50% 1/20/2053¹		128,374		129,047
Uniform Mortgage-Backed Security 2.00% 3/1/2038^1,4		9,550		8,474
Uniform Mortgage-Backed Security 2.50% 3/1/2038^1,4		19,000		17,332
Uniform Mortgage-Backed Security 3.00% 3/1/2038^1,4		1,421		1,325
Uniform Mortgage-Backed Security 4.00% 3/1/2038^1,4		8,000		7,802
Uniform Mortgage-Backed Security 2.00% 3/1/2053^1,4		17,696		14,419
Uniform Mortgage-Backed Security 2.50% 3/1/2053^1,4		28,714		24,334
Uniform Mortgage-Backed Security 3.00% 3/1/2053^1,4		6,900		6,072
Uniform Mortgage-Backed Security 3.50% 3/1/2053^1,4		32,500		29,593
Uniform Mortgage-Backed Security 4.00% 3/1/2053^1,4		91,300		85,722
Uniform Mortgage-Backed Security 4.50% 3/1/2053^1,4		117,743		113,475
Uniform Mortgage-Backed Security 5.00% 3/1/2053^1,4		125,791		123,688

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Uniform Mortgage-Backed Security 5.50% 3/1/2053^1,4	USD	343,580	$	343,097
Uniform Mortgage-Backed Security 6.00% 3/1/2053^1,4		276,110		279,388
Uniform Mortgage-Backed Security 6.50% 3/1/2053^1,4		92,249		94,526
Uniform Mortgage-Backed Security 2.00% 4/1/2053^1,4		162,300		132,423
Uniform Mortgage-Backed Security 2.50% 4/1/2053^1,4		261,098		221,556
Uniform Mortgage-Backed Security 3.00% 4/1/2053^1,4		6,300		5,550
Uniform Mortgage-Backed Security 4.50% 4/1/2053^1,4		5,000		4,818
Uniform Mortgage-Backed Security 5.00% 4/1/2053^1,4		145,600		143,166
Uniform Mortgage-Backed Security 5.50% 4/1/2053^1,4		578,533		577,448
Uniform Mortgage-Backed Security 6.00% 4/1/2053^1,4		24,200		24,432
Uniform Mortgage-Backed Security 6.50% 4/1/2053^1,4		157,832		161,505
				5,930,035

Collateralized mortgage-backed obligations (privately originated) 4.34%
Agate Bay Mortgage Loan Trust, Series 2016-3, Class A3, 3.50% 8/27/2046^1,3,5		432		387
Argent Securities, Inc., Series 2005-W2, Class M1, 5.107% 10/25/2035^1,3		1,651		1,607
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048^1,3,5		12,771		10,682
Arroyo Mortgage Trust, Series 2019-1, Class A1, 3.805% 1/25/2049^1,3,5		4,528		4,223
Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055^1,5		1,631		1,497
Arroyo Mortgage Trust, Series 2022-1, Class A1A, 2.495% 12/25/2056 (3.495% on 2/25/2026)^1,5,6		14,312		13,146
Bellemeade Re, Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 6.217% 7/25/2029^1,3,5		129		129
BINOM Securitization Trust, Series 2022-RPL1, Class A1, 3.00% 2/25/2061^1,3,5		17,354		15,578
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059^1,3,5		11,553		10,394
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059^1,3,5		5,101		4,837
BRAVO Residential Funding Trust, Series 2022-RPL1, Class A1, 2.75% 9/25/2061^1,5		9,242		8,076
BRAVO Residential Funding Trust, Series 2022-NQM1, Class A1, 3.626% 9/25/2061 (4.626% on 2/25/2026)^1,5,6		2,598		2,381
BRAVO Residential Funding Trust, Series 2022-NQM2, Class A1, 4.272% 11/25/2061 (5.272% on 5/25/2026)^1,5,6		1,267		1,209
BRAVO Residential Funding Trust, Series 2022-NQM3, Class A1, 5.108% 7/25/2062 (6.108% on 9/1/2026)^1,5,6		16,933		16,500
BRAVO Residential Funding Trust, Series 2022-R1, Class A, 3.125% 1/29/2070 (6.125% on 1/29/2025)^1,5,6		16,167		14,392
Bunker Hill Loan Depositary Trust, Series 2019-2, Class A3, 3.185% 7/25/2049^1,3,5		1,215		1,136
Cascade Funding Mortgage Trust, Series 2020-HB4, Class A, 0.946% 12/26/2030^1,3,5		9,276		9,036
Cascade Funding Mortgage Trust, Series 2020-HB4, Class M3, 2.72% 12/26/2030^1,3,5		500		465
Cascade Funding Mortgage Trust, Series 2021-HB5, Class A, 0.801% 2/25/2031^1,3,5		5,249		5,094
Cascade Funding Mortgage Trust, Series 2021-HB7, Class A, 1.151% 10/27/2031^1,3,5		19,477		18,366
Cascade Funding Mortgage Trust, Series 2021-HB7, Class M1, 2.125% 10/27/2031^1,3,5		527		485
Cascade Funding Mortgage Trust, Series 2021-HB6, Class A, 0.898% 6/25/2036^1,3,5		63,414		60,454
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 10/25/2068^1,3,5		5,510		5,342
CFCRE Commercial Mortgage Trust, Series 2016-C7, Class A2, 3.585% 12/10/2054¹		2,550		2,355
Chase Mortgage Finance Corp., Series 2019-ATR2, Class A3, 3.50% 7/25/2049^1,3,5		274		245
CIM Trust, Series 2018-R3, Class A1, 5.00% 12/25/2057^1,3,5		3,973		3,898
CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061^1,3,5		42,333		39,843
Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060^1,3,5		1,958		1,771
Citigroup Mortgage Loan Trust, Series 2018-RP1, Class M1, 3.00% 9/25/2064^1,3,5		10,000		8,833
COLT Mortgage Loan Trust, Series 2020-2, Class A1, 1.853% 3/25/2065^1,5		158		156
COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066^1,3,5		1,924		1,596
Connecticut Avenue Securities Trust, Series 2014-C01, Class M2, (1-month USD-LIBOR + 4.40%) 9.017% 1/25/2024^1,3		9,807		10,076
Connecticut Avenue Securities Trust, Series 2014-C02A, Class 1M2, (1-month USD-LIBOR + 2.60%) 7.217% 5/25/2024^1,3		4,699		4,756
Connecticut Avenue Securities Trust, Series 2014-C04, Class 1M2, (1-month USD-LIBOR + 4.90%) 9.517% 11/25/2024^1,3		1,053		1,096
Connecticut Avenue Securities Trust, Series 2021-R01, Class 1M1, (30-day Average USD-SOFR + 0.75%) 5.226% 10/25/2041^1,3,5		1,298		1,289
Connecticut Avenue Securities Trust, Series 2021-R03, Class 1M1, (30-day Average USD-SOFR + 0.85%) 5.326% 12/25/2041^1,3,5		1,805		1,788
Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.884% 12/25/2042^1,3,5		10,429		10,523
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 8/15/2037^1,5		4,096		3,685
Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 4.00% 8/1/2057^1,3,5		4,921		4,478
Credit Suisse Mortgage Trust, Series 2019-RPL1, Class A1A, 3.65% 7/25/2058^1,3,5		1,625		1,548
Credit Suisse Mortgage Trust, Series 2017-RPL3, Class A1, 2.00% 1/25/2060^1,3,5		12,200		10,517

10	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
Credit Suisse Mortgage Trust, Series 2022-ATH3, Class A1, 4.991% 8/25/2067^1,3,5	USD	13,337	$	13,029
CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, 7.50% 11/25/2032¹		69		69
CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, 7.50% 12/25/2032¹		73		75
CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, 6.50% 7/25/2033¹		105		100
CS First Boston Mortgage Securities Corp., Series 2003-29, Class VA1, 7.00% 12/25/2033¹		108		106
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 3/25/2069^1,5		10,554		11,341
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 6/25/2069^1,5		14,247		14,599
Finance of America Structured Securities Trust, Series 2019-JR3, Class A, 2.00% 9/25/2069^1,5		2,070		2,139
Finance of America Structured Securities Trust, Series 2019-JR4, Class A, 2.00% 11/25/2069^1,5		2,334		2,297
Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 9/25/2051^1,3,5		5,523		4,503
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 10/25/2051^1,3,5		23,549		19,142
Flagstar Mortgage Trust, Series 2021-11INV, Class A2, 3.00% 11/25/2051^1,3,5		17,348		14,685
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2014-DN4, Class M3, (1-month USD-LIBOR + 4.55%) 9.167% 10/25/2024^1,3		47		48
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2015-DNA3, Class M3, (1-month USD-LIBOR + 4.70%) 9.317% 4/25/2028^1,3		1,722		1,793
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA1, Class M3, (1-month USD-LIBOR + 5.55%) 10.167% 7/25/2028^1,3		12,042		12,894
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2016-DNA2, Class M3, (1-month USD-LIBOR + 4.65%) 9.267% 10/25/2028^1,3		644		677
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA2, Class M1, (30-day Average USD-SOFR + 0.80%) 5.284% 8/25/2033^1,3,5		222		221
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA3, Class M1, (30-day Average USD-SOFR + 0.75%) 5.234% 10/25/2033^1,3,5		1,393		1,385
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2021-DNA6, Class M1, (30-day Average USD-SOFR + 0.80%) 5.276% 10/25/2041^1,3,5		5,477		5,435
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA2, Class M1A, (30-day Average USD-SOFR + 1.30%) 5.776% 2/25/2042^1,3,5		2,173		2,159
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A, (30-day Average USD-SOFR + 2.00%) 6.476% 4/25/2042^1,3,5		768		772
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA4, Class M1A, (30-day Average USD-SOFR + 2.20%) 6.676% 5/25/2042^1,3,5		2,103		2,124
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA5, Class M1A, (30-day Average USD-SOFR + 2.95%) 7.434% 6/25/2042^1,3,5		4,441		4,551
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average USD-SOFR + 2.15%) 6.634% 9/25/2042^1,3,5		2,160		2,171
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class M2, (1-month USD-LIBOR + 1.85%) 6.467% 2/25/2050^1,3,5		1,364		1,375
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class M2, (30-day Average USD-SOFR + 2.80%) 6.862% 10/25/2050^1,3,5		1,946		1,973
GCAT Trust, Series 2021-NQM6, Class A1, 1.855% 8/25/2066^1,3,5		30,337		25,547
GS Mortgage-Backed Securities Trust, Series 2020-PJ4, Class A2, 3.00% 1/25/2051^1,3,5		2,044		1,733
GS Mortgage-Backed Securities Trust, Series 2022-PJ5, Class A4, 2.50% 10/25/2052^1,3,5		54,002		43,351
Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026^1,5		18,038		15,917
Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039^1,5		21,474		20,153
Home Partners of America Trust, Series 2019-1, Class A, 2.908% 9/17/2039^1,5		2,713		2,446
Hundred Acre Wood Trust, Series 2021-INV1, Class A9, 2.50% 7/25/2051^1,3,5		6,908		6,018
Hundred Acre Wood Trust, Series 2021-INV1, Class A3, 2.50% 7/25/2051^1,3,5		3,350		2,719
Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026)^1,5,6		25,847		26,242
Imperial Fund Mortgage Trust, Series 2023-NQM1, Class A1, 5.941% 2/25/2068 (6.941% on 1/1/2027)^1,5,6		21,492		21,396
JPMorgan Mortgage Trust, Series 2017-3, Class 1A3, 3.50% 8/25/2047^1,3,5		2,776		2,505
JPMorgan Mortgage Trust, Series 2018-3, Class A1, 3.50% 9/25/2048^1,3,5		1,261		1,102
JPMorgan Mortgage Trust, Series 2019-1, Class A3, 4.00% 5/25/2049^1,3,5		62		58
Legacy Mortgage Asset Trust, Series 2019-GS7, Class A1, 6.25% 11/25/2059^1,3,5		12,696		12,687
Legacy Mortgage Asset Trust, Series 2020-GS4, Class A1, 3.25% 2/25/2060^1,3,5		12,538		12,359
Legacy Mortgage Asset Trust, Series 2020-GS3, Class A1, 3.25% 5/25/2060 (6.25% on 4/25/2023)^1,5,6		9,453		9,371

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, 4.00% 2/25/2061 (7.00% on 4/25/2025)^1,5,6	USD	21,463	$	19,774
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 4/25/2061^1,3,5		19,159		17,775
Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (5.25% on 11/25/2024)^1,5,6		14,052		12,706
Mello Warehouse Securitization Trust, Series 2021-3, Class A, (1-month USD-LIBOR + 0.85%) 5.467% 11/25/2055^1,3,5		51,006		50,459
MetLife Securitization Trust, Series 2018-1A, Class A, 3.75% 3/25/2057^1,3,5		945		890
MFRA Trust, Series 2020-NQM1, Class A1, 1.479% 3/25/2065^1,3,5		1,572		1,454
Mill City Mortgage Trust, Series 15-1, Class M3, 3.701% 6/25/2056^1,3,5		1,448		1,400
Mill City Mortgage Trust, Series 2016-1, Class M3, 3.35% 4/25/2057^1,3,5		3,850		3,655
Mill City Mortgage Trust, Series 2019-3, Class A1, 3.50% 8/26/2058^1,3,5		2,154		2,058
Mill City Mortgage Trust, Series 2019-GS1, Class A1, 2.75% 7/25/2059^1,3,5		317		300
Mill City Mortgage Trust, Series 2019-GS2, Class A1, 2.75% 8/25/2059^1,3,5		2,355		2,226
Mill City Mortgage Trust, Series 2017-3, Class A1, 2.75% 1/25/2061^1,3,5		49		48
Mill City Mortgage Trust, Series 2018-1, Class A1, 3.25% 5/25/2062^1,3,5		258		250
Mill City Mortgage Trust, Series 2019-1, Class A1, 3.25% 10/25/2069^1,3,5		6,601		6,273
New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75% 3/25/2056^1,3,5		730		667
New Residential Mortgage Loan Trust, Series 2018-RPL1, Class A1, 3.50% 12/25/2057^1,3,5		1,430		1,352
New Residential Mortgage Loan Trust, Series 2018-1A, Class A1A, 4.00% 12/25/2057^1,3,5		45		43
New Residential Mortgage Loan Trust, Series 2019-2A, Class A1, 4.25% 12/25/2057^1,3,5		1,917		1,803
New Residential Mortgage Loan Trust, Series 2018-5A, Class A1, 4.75% 12/25/2057^1,3,5		1,741		1,691
New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1, 2.75% 7/25/2059^1,3,5		2,819		2,637
New Residential Mortgage Loan Trust, Series 2020-RPL1, Class A1, 2.75% 11/25/2059^1,3,5		4,302		4,014
NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD-LIBOR + 0.75%) 5.367% 5/25/2055^1,3,5		68,234		67,566
NewRez Warehouse Securitization Trust, Series 2021-1, Class B, (1-month USD-LIBOR + 0.90%) 5.517% 5/25/2055^1,3,5		3,700		3,664
Onslow Bay Financial Mortgage Loan Trust, Series 2022-J1, Class A2, 2.50% 2/25/2052^1,3,5		16,035		13,014
Onslow Bay Financial Mortgage Loan Trust, Series 2020-EXP1, Class 2A1B, 5.367% 2/25/2060^1,3,5		4,905		4,552
Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM7, Class A1, 5.11% 8/25/2062 (6.11% on 9/1/2026)^1,5,6		7,943		7,791
Onslow Bay Financial Mortgage Loan Trust, Series 2022-NQM9, Class A1A, 6.45% 9/25/2062 (7.45% on 11/1/2026)^1,5,6		11,253		11,258
Onslow Bay Financial Mortgage Loan Trust, Series 2023-NQM1, Class A1, 6.12% 11/25/2062 (7.12% on 12/1/2026)^1,5,6		3,306		3,283
PRKCM Trust, Series 2021-AFC2, Class A1, 2.071% 11/25/2056^1,3,5		22,752		18,914
Progress Residential Trust, Series 2019-SFR3, Class A, 2.271% 9/17/2036^1,5		3,564		3,379
Progress Residential Trust, Series 2020-SFR2, Class A, 2.078% 6/18/2037^1,5		3,920		3,629
Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039^1,5		1,615		1,481
Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/2031^1,3,5		14,217		13,476
Towd Point Mortgage Trust, Series 2015-4, Class M2, 3.75% 4/25/2055^1,3,5		3,750		3,654
Towd Point Mortgage Trust, Series 2016-2, Class B2, 3.494% 8/25/2055^1,3,5		5,800		5,075
Towd Point Mortgage Trust, Series 2016-4, Class M2, 3.75% 7/25/2056^1,3,5		4,905		4,578
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 10/25/2056^1,3,5		806		794
Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75% 10/25/2056^1,3,5		121		119
Towd Point Mortgage Trust, Series 2017-1, Class M1, 3.75% 10/25/2056^1,3,5		3,615		3,427
Towd Point Mortgage Trust, Series 2017-5, Class A1, 5.217% 2/25/2057^1,3,5		796		793
Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75% 4/25/2057^1,3,5		130		129
Towd Point Mortgage Trust, Series 2017-2, Class M1, 3.75% 4/25/2057^1,3,5		7,350		6,941
Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057^1,3,5		1,078		1,026
Towd Point Mortgage Trust, Series 2017-4, Class M1, 3.25% 6/25/2057^1,3,5		5,575		4,931
Towd Point Mortgage Trust, Series 2017-4, Class B1, 3.497% 6/25/2057^1,3,5		2,600		2,174
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 7/25/2057^1,3,5		1,085		1,058
Towd Point Mortgage Trust, Series 2017-3, Class A2, 3.00% 7/25/2057^1,3,5		5,709		5,357
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057^1,3,5		4,769		4,556
Towd Point Mortgage Trust, Series 2017-6, Class A2, 3.00% 10/25/2057^1,3,5		7,835		7,039
Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058^1,3,5		96		93

12	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058^1,3,5	USD	6,993	$	6,707
Towd Point Mortgage Trust, Series 2019-1, Class A1, 3.75% 3/25/2058^1,3,5		4,992		4,756
Towd Point Mortgage Trust, Series 2018-3, Class A1, 3.75% 5/25/2058^1,3,5		2,835		2,706
Towd Point Mortgage Trust, Series 2018-3, Class M2, 3.875% 5/25/2058^1,3,5		5,935		4,922
Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (1-month USD-LIBOR + 1.00%) 5.617% 5/25/2058^1,3,5		3,465		3,465
Towd Point Mortgage Trust, Series 2018-4, Class A1, 3.00% 6/25/2058^1,3,5		8,698		8,043
Towd Point Mortgage Trust, Series 2018-5, Class A1, 3.25% 7/25/2058^1,3,5		1,365		1,272
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/2058^1,3,5		536		516
Towd Point Mortgage Trust, Series 2019-2, Class A1, 3.744% 12/25/2058^1,3,5		4,054		3,866
Towd Point Mortgage Trust, Series 2019-A2, Class A2, 3.75% 12/25/2058^1,3,5		5,000		4,424
Towd Point Mortgage Trust, Series 2019-4, Class A2, 3.25% 10/25/2059^1,3,5		4,785		4,236
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060^1,5		9,915		8,816
Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063^1,5		22,645		21,358
Tricon American Homes Trust, Series 2020-SFR2, Class A, 1.482% 11/17/2039^1,5		6,521		5,522
Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/2038^1,5		22,756		20,268
Verus Securitization Trust, Series 2020-2, Class A1, 2.226% 5/25/2060^1,3,5		577		555
Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027)^1,5,6		7,322		7,248
				1,081,042

Commercial mortgage-backed securities 3.71%
3650R Commercial Mortgage Trust, Series 2022-PF2, Class A5, 5.289% 11/15/2055^1,3		3,412		3,451
AMSR Trust, Series 2019-SFR1, Class A, 2.774% 1/19/2039^1,5		3,500		3,179
Arbor Multi Family Mortgage Securities Trust, Series 2020-MF1, Class A5, 2.756% 5/15/2053^1,5		1,500		1,278
Banc of America Commercial Mortgage, Inc., Series 2015-UBS7, Class A4, 3.705% 9/15/2048¹		3,750		3,564
Bank Commercial Mortgage Trust, Series 2022-BNK44, Class A5, 5.746% 10/15/2032^1,3		2,000		2,107
Bank Commercial Mortgage Trust, Series 2022-BNK43, Class A5, 4.399% 8/15/2055¹		2,476		2,357
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/2063¹		2,157		1,809
Bank Commercial Mortgage Trust, Series 2022-BNK40, Class A4, 3.394% 3/15/2064^1,3		2,550		2,252
Bank of America Merrill Lynch Large Loan, Inc., Series 2015-200P, Class A, 3.218% 4/14/2033^1,5		10,896		10,162
Benchmark Mortgage Trust, Series 2018-B2, Class A4, 3.615% 2/15/2051¹		3,500		3,251
Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/2051¹		2,500		2,369
Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 3/15/2053¹		2,202		1,822
Benchmark Mortgage Trust, Series 2018-B7, Class A3, 4.241% 5/15/2053¹		2,200		2,089
Benchmark Mortgage Trust, Series 2022-B32, Class A5, 3.002% 1/15/2055¹		1,000		844
Benchmark Mortgage Trust, Series 2022-B33, Class A5, 3.458% 3/15/2055¹		3,000		2,657
Benchmark Mortgage Trust, Series 2022-B35, Class A5, 4.445% 5/15/2055^1,3		7,928		7,559
Benchmark Mortgage Trust, Series 2022-B36, Class A5, 4.47% 7/15/2055^1,3		2,895		2,757
Benchmark Mortgage Trust, Series 2022-B37, Class A5, 5.751% 11/15/2055^1,3		4,522		4,767
Benchmark Mortgage Trust, Series 2019-B13, Class A4, 2.952% 8/15/2057¹		1,650		1,446
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A, (1-month USD CME Term SOFR + 1.77%) 6.332% 5/15/2039^1,3,5		17,453		17,401
BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) 6.46% 4/15/2037^1,3,5		32,015		31,500
BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 6.677% 6/15/2027^1,3,5		27,203		27,239
BX Trust, Series 2021-SDMF, Class A, (1-month USD-LIBOR + 0.589%) 5.177% 9/15/2034^1,3,5		41,644		40,622
BX Trust, Series 2018-GW, Class A, (1-month USD-LIBOR + 0.80%) 5.388% 5/15/2035^1,3,5		1,684		1,662
BX Trust, Series 2021-VOLT, Class A, (1-month USD-LIBOR + 0.70%) 5.288% 9/15/2036^1,3,5		52,563		51,358
BX Trust, Series 2021-VOLT, Class B, (1-month USD-LIBOR + 0.95%) 5.538% 9/15/2036^1,3,5		5,089		4,931
BX Trust, Series 2021-ARIA, Class A, (1-month USD-LIBOR + 0.899%) 5.487% 10/15/2036^1,3,5		48,790		47,662
BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 6.053% 4/15/2037^1,3,5		14,580		14,568
BX Trust, Series 2021-SOAR, Class A, (1-month USD-LIBOR + 0.67%) 5.258% 6/15/2038^1,3,5		30,773		30,257
BX Trust, Series 2021-SOAR, Class B, (1-month USD-LIBOR + 0.87%) 5.458% 6/15/2038^1,3,5		6,077		5,907

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
BX Trust, Series 2021-SOAR, Class C, (1-month USD-LIBOR + 1.10%) 5.688% 6/15/2038^1,3,5	USD	3,049	$	2,947
BX Trust, Series 2021-ACNT, Class A, (1-month USD-LIBOR + 0.85%) 5.438% 11/15/2038^1,3,5		14,011		13,790
BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.552% 2/15/2039^1,3,5		10,000		9,834
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.013% 8/15/2039^1,3,5		9,509		9,536
BXP Trust, Series 2017-GM, Class A, 3.379% 6/13/2039^1,5		8,755		7,929
CD Commercial Mortgage Trust, Series 2017-CD6, Class A5, 3.456% 11/13/2050¹		8,609		7,966
Citigroup Commercial Mortgage Trust, Series 2014-GC21, Class B, 4.328% 5/10/2047^1,3		1,500		1,424
Citigroup Commercial Mortgage Trust, Series 2014-GC23, Class A4, 3.622% 7/10/2047¹		1,600		1,547
Citigroup Commercial Mortgage Trust, Series 2017-B1, Class A3, 3.197% 8/15/2050¹		8,624		7,846
Citigroup Commercial Mortgage Trust, Series 2017-C4, Class A4, 3.471% 10/12/2050¹		5,000		4,613
Citigroup Commercial Mortgage Trust, Series 2015-GC33, Class A3, 3.515% 9/10/2058¹		12,113		11,521
Commercial Mortgage Trust, Series 2012-CR3, Class AM, 3.416% 10/15/2045^1,5		520		470
Commercial Mortgage Trust, Series 2013-CR6, Class B, 3.397% 3/10/2046^1,5		1,499		1,408
Commercial Mortgage Trust, Series 2013-CR7, Class C, 4.012% 3/10/2046^1,3,5		3,740		3,676
Commercial Mortgage Trust, Series 2014-CR15, Class A4, 4.074% 2/10/2047^1,3		13,000		12,799
Commercial Mortgage Trust, Series 2014-CR16, Class A3, 3.775% 4/10/2047¹		1,921		1,886
Commercial Mortgage Trust, Series 2014-CR18, Class A5, 3.828% 7/15/2047¹		2,500		2,428
Commercial Mortgage Trust, Series 2014-LC17, Class B, 4.49% 10/10/2047^1,3		3,000		2,882
Commercial Mortgage Trust, Series 2014-CR20, Class A4, 3.59% 11/10/2047¹		1,821		1,758
Commercial Mortgage Trust, Series 2016-COR1, Class A4, 3.091% 10/10/2049¹		5,975		5,490
Commercial Mortgage Trust, Series 2015-PC1, Class A4, 3.62% 7/10/2050¹		3,609		3,488
Commercial Mortgage Trust, Series 2013-CR11, Class B, 5.11% 8/10/2050^1,3		1,000		985
Commercial Mortgage Trust, Series 2017-COR2, Class A2, 3.239% 9/10/2050¹		851		785
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class C, 4.558% 11/18/2048^1,3		138		125
CSAIL Commercial Mortgage Trust, Series 2017-CX9, Class A4, 3.176% 9/15/2050¹		2,375		2,183
CSAIL Commercial Mortgage Trust, Series 2019-C17, Class A5, 3.016% 9/15/2052¹		3,000		2,611
CSAIL Commercial Mortgage Trust, Series 2015-C2, Class A3, 3.231% 6/15/2057¹		2,760		2,639
Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 5/10/2049¹		150		138
Ellington Financial Mortgage Trust, Series 2020-1, Class A1, 2.006% 5/25/2065^1,3,5		537		521
Ellington Financial Mortgage Trust, Series 2023-1, Class A1, 5.732% 2/25/2068 (6.732% on 1/1/2027)^1,5,6		5,000		4,962
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD-LIBOR + 1.08%) 5.668% 7/15/2038^1,3,5		17,540		17,297
Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD-LIBOR + 1.38%) 5.968% 7/15/2038^1,3,5		2,806		2,764
FIVE Mortgage Trust, Series 2023-V1, Class A3, 5.668% 2/10/2056¹		15,804		16,107
Fontainebleau Miami Beach Trust, CMO, Series 2019-FBLU, Class A, 3.144% 12/10/2036^1,5		1,630		1,541
Grace Mortgage Trust, Series 2020-GRCE, Class A, 2.347% 12/10/2040^1,5		11,935		9,291
GS Mortgage Securities Trust, Series 2022-SHIP, Class A, (1-month USD CME Term SOFR + 0.731%) 5.293% 8/15/2024^1,3,5		9,715		9,644
GS Mortgage Securities Trust, Series 2018-HULA, Class A, 5.508% 7/15/2025^1,3,5		13,173		13,049
GS Mortgage Securities Trust, Series 2013-GC12, Class A4, 3.135% 6/10/2046¹		1,555		1,549
GS Mortgage Securities Trust, Series 2013-GC12, Class B, 3.777% 6/10/2046^1,3		2,100		2,085
GS Mortgage Securities Trust, Series 2013-GC16, Class A4, 4.271% 11/10/2046¹		13,700		13,558
GS Mortgage Securities Trust, Series 2014-GC24, Class A5, 3.931% 9/10/2047¹		2,772		2,689
GS Mortgage Securities Trust, Series 2016-GS4, Class A3, 3.178% 11/10/2049¹		2,581		2,390
GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/2053¹		1,809		1,515
Hawaii Hotel Trust, Series 2019-MAUI, Class A, (1-month USD-LIBOR + 1.15%) 5.738% 5/17/2038^1,3,5		29,000		28,735
Hilton USA Trust, Series 2016-HHV, Class A, 3.719% 11/5/2038^1,5		795		729
JPMBB Commercial Mortgage Securities Trust, Series 2013-C15, Class B, 4.927% 11/15/2045^1,3		5,000		4,816
JPMBB Commercial Mortgage Securities Trust, Series 2014-C19, Class A4, 3.997% 4/15/2047¹		5,687		5,569
JPMBB Commercial Mortgage Securities Trust, Series 2014-C26, Class B, 3.951% 1/15/2048¹		5,333		4,984
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039^1,5		14,140		12,197

14	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039^1,5	USD	1,735	$	1,435
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2021-410T, Class A, 2.287% 3/5/2042^1,5		16,514		13,838
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class B, 3.674% 12/15/2047^1,3		748		732
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2013-C10, Class C, 4.22% 12/15/2047^1,3		1,750		1,631
La Quinta Mortgage Trust, Series 2022-LAQ, Class A, (1-month USD CME Term SOFR + 1.724%) 6.286% 3/15/2039^1,3,5		602		597
LUXE Commercial Mortgage Trust, Series 2021-TRIP, Class A, (1-month USD-LIBOR + 1.05%) 5.638% 10/15/2038^1,3,5		5,965		5,837
Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039^1,5		19,418		16,725
MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD-LIBOR + 0.801%) 5.389% 4/15/2026^1,3,5		18,624		18,395
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C9, Class A4, 3.102% 5/15/2046¹		1,734		1,728
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A4, 4.157% 8/15/2046^1,3		8,085		8,004
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C12, Class A4, 4.259% 10/15/2046^1,3		12,000		11,897
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C13, Class A-4, 4.039% 11/15/2046¹		4,000		3,945
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A4, 4.051% 4/15/2047¹		750		739
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C16, Class A4, 3.60% 6/15/2047¹		649		636
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 8/15/2047¹		3,000		2,905
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C27, Class A4, 3.753% 12/15/2047¹		1,500		1,429
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C21, Class A4, 3.338% 3/15/2048¹		14,000		13,311
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048¹		1,000		946
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 12/15/2048¹		400		371
Morgan Stanley Capital I Trust, Series 2016-UBS9, Class C, 4.595% 3/15/2049^1,3		138		123
One Market Plaza Trust, Series 2017-1MKT, Class A, 3.614% 2/10/2032^1,5		10,935		10,292
One Market Plaza Trust, Series 2017-1MKT, Class C, 4.016% 2/10/2032^1,5		1,164		1,070
SREIT Trust, Series 2021-FLWR, Class A, (1-month USD-LIBOR + 0.577%) 5.164% 7/15/2036^1,3,5		14,480		14,137
SREIT Trust, Series 2021-MFP, Class A, (1-month USD-LIBOR + 0.731%) 5.319% 11/15/2038^1,3,5		37,502		36,735
StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) 5.562% 1/15/2039^1,3,5		32,592		31,962
Wells Fargo Commercial Mortgage Trust, Series 2014-LC18, Class A5, 3.405% 12/15/2047¹		800		764
Wells Fargo Commercial Mortgage Trust, Series 2015-C27, Class A5, 3.451% 2/15/2048¹		8,750		8,350
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class A4, 3.54% 5/15/2048¹		3,000		2,865
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class AS, 3.872% 5/15/2048^1,3		2,779		2,646
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class C, 4.083% 5/15/2048^1,3		138		126
Wells Fargo Commercial Mortgage Trust, Series 2015-C31, Class A4, 3.695% 11/15/2048¹		4,000		3,831
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4, 3.096% 6/15/2049¹		15,455		14,343
Wells Fargo Commercial Mortgage Trust, Series 2014-LC16, Class A5, 3.817% 8/15/2050¹		4,000		3,893
Wells Fargo Commercial Mortgage Trust, Series 2018-C46, Class A3, 3.888% 8/15/2051¹		11,000		10,574
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class D, 3.153% 9/15/2057^1,5		1,000		803
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS3, Class B, 4.497% 9/17/2057^1,3		2,250		2,120

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS-2, Class A-5, 3.767% 7/15/2058^1,3	USD	8,400		$	7,986
Wells Fargo Commercial Mortgage Trust, Series 2015-LC22, Class C, 4.55% 9/15/2058^1,3		1,690			1,546
Wells Fargo Commercial Mortgage Trust, Series 2016-C33, Class A4, 3.426% 3/15/2059¹		1,000			941
Wells Fargo Commercial Mortgage Trust, Series 2016-C36, Class A4, 3.065% 11/15/2059¹		5,000			4,564
WF-RBS Commercial Mortgage Trust, Series 2013-C13, Class B, 3.553% 5/15/2045¹		1,250			1,242
WF-RBS Commercial Mortgage Trust, Series 2013-C16, Class A5, 4.415% 9/15/2046¹		6,500			6,439
WF-RBS Commercial Mortgage Trust, Series 2013-C16, Class B, 4.987% 9/15/2046^1,3		3,250			3,148
WF-RBS Commercial Mortgage Trust, Series 2014-C19, Class B, 4.723% 3/15/2047^1,3		4,900			4,749
WF-RBS Commercial Mortgage Trust, Series 2014-C25, Class A5, 3.631% 11/15/2047¹		1,500			1,441
WF-RBS Commercial Mortgage Trust, Series 2013-C12, Class B, 3.863% 3/15/2048^1,3		632			631
WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class A4, 3.488% 9/15/2057¹		8,282			8,002
WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) 7.351% 11/15/2027^1,3,5		19,755			19,815
					923,762

Total mortgage-backed obligations					7,934,839

U.S. Treasury bonds & notes 28.22%
U.S. Treasury 15.00%
U.S. Treasury 0.375% 10/31/2023		9,000			8,724
U.S. Treasury 0.50% 11/30/2023		235,229			227,345
U.S. Treasury 0.875% 1/31/2024		6,000			5,772
U.S. Treasury 2.50% 1/31/2024		10,000			9,766
U.S. Treasury 2.25% 3/31/2024		9,341			9,057
U.S. Treasury 0.375% 4/15/2024		100,000			94,864
U.S. Treasury 0.375% 7/15/2024		60,000			56,283
U.S. Treasury 3.00% 7/31/2024		33,000			32,067
U.S. Treasury 3.25% 8/31/2024		234,989			228,922
U.S. Treasury 4.25% 9/30/2024		8,916			8,815
U.S. Treasury 0.625% 10/15/2024		16,000			14,925
U.S. Treasury 1.50% 10/31/2024		175,000			165,402
U.S. Treasury 4.375% 10/31/2024		35,201			34,867
U.S. Treasury 4.25% 12/31/2024		263,031			260,062
U.S. Treasury 4.125% 1/31/2025		214,099			211,313
U.S. Treasury 4.625% 2/28/2025		93,613			93,306
U.S. Treasury 2.875% 6/15/2025		19,141			18,396
U.S. Treasury 3.125% 8/15/2025		26,000			25,098
U.S. Treasury 3.50% 9/15/2025		11,938			11,623
U.S. Treasury 3.00% 9/30/2025		15,033			14,450
U.S. Treasury 4.25% 10/15/2025		11,731			11,631
U.S. Treasury 3.00% 10/31/2025		5,076			4,876
U.S. Treasury 4.50% 11/15/2025		22,199			22,160
U.S. Treasury 3.875% 1/15/2026		201,051			197,572
U.S. Treasury 4.00% 2/15/2026		291,397			287,307
U.S. Treasury 0.50% 2/28/2026		20,800			18,492
U.S. Treasury 0.75% 4/30/2026		92,750			82,689
U.S. Treasury 0.875% 6/30/2026		4,049			3,608
U.S. Treasury 0.75% 8/31/2026		14,981			13,219
U.S. Treasury 0.875% 9/30/2026		38,091			33,691
U.S. Treasury 1.50% 1/31/2027		19,000			17,073
U.S. Treasury 2.375% 5/15/2027		108,500			100,532
U.S. Treasury 3.25% 6/30/2027		4,317			4,142
U.S. Treasury 2.75% 7/31/2027		189,000			177,514
U.S. Treasury 4.125% 9/30/2027⁷		346,792			344,880
U.S. Treasury 4.125% 10/31/2027		30,000			29,839
U.S. Treasury 3.875% 11/30/2027		53,000			52,227
U.S. Treasury 3.875% 12/31/2027		150,000			147,759
U.S. Treasury 3.50% 1/31/2028		19,000			18,416
U.S. Treasury 4.00% 2/29/2028		272,042			269,950
U.S. Treasury 1.25% 5/31/2028		4,300			3,713
U.S. Treasury 1.25% 6/30/2028		16,000			13,788
U.S. Treasury 1.00% 7/31/2028		—	²		—	²
U.S. Treasury 1.125% 8/31/2028		18,000			15,339
U.S. Treasury 1.50% 11/30/2028		1,230			1,065

16	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. Treasury bonds & notes (continued)
U.S. Treasury (continued)
U.S. Treasury 1.375% 12/31/2028	USD	4,599	$	3,951
U.S. Treasury 2.875% 4/30/2029		10,000		9,322
U.S. Treasury 3.875% 9/30/2029		1,472		1,452
U.S. Treasury 3.875% 12/31/2029		24,000		23,705
U.S. Treasury 4.00% 2/28/2030		73,321		73,023
U.S. Treasury 0.625% 5/15/2030		15,000		11,862
U.S. Treasury 1.625% 5/15/2031		20,000		16,814
U.S. Treasury 1.25% 8/15/2031		3,000		2,432
U.S. Treasury 1.875% 2/15/2032		10,000		8,473
U.S. Treasury 2.875% 5/15/2032		23,343		21,469
U.S. Treasury 4.125% 11/15/2032		1,188		1,207
U.S. Treasury 3.50% 2/15/2033⁷		145,912		141,079
U.S. Treasury 4.25% 5/15/2039⁷		12,360		12,735
U.S. Treasury 1.375% 11/15/2040⁷		1,970		1,294
U.S. Treasury 1.875% 2/15/2041		1,455		1,040
U.S. Treasury 2.25% 5/15/2041		355		270
U.S. Treasury 1.875% 2/15/2051		1,156		756
U.S. Treasury 2.375% 5/15/2051		662		486
U.S. Treasury 4.00% 11/15/2052⁷		1,716		1,746
				3,735,655

U.S. Treasury inflation-protected securities 13.22%
U.S. Treasury Inflation-Protected Security 0.625% 4/15/2023⁸		738,934		742,722
U.S. Treasury Inflation-Protected Security 0.375% 7/15/2023⁸		282,973		284,642
U.S. Treasury Inflation-Protected Security 0.625% 1/15/2024⁸		141,126		139,820
U.S. Treasury Inflation-Protected Security 0.50% 4/15/2024⁸		137,749		135,452
U.S. Treasury Inflation-Protected Security 0.125% 7/15/2024⁸		286,139		280,118
U.S. Treasury Inflation-Protected Security 0.125% 10/15/2024⁸		681,364		663,191
U.S. Treasury Inflation-Protected Security 0.25% 1/15/2025⁸		114,920		111,236
U.S. Treasury Inflation-Protected Security 0.125% 4/15/2025⁸		124,454		119,551
U.S. Treasury Inflation-Protected Security 0.125% 4/15/2026⁸		226,259		213,984
U.S. Treasury Inflation-Protected Security 0.125% 4/15/2027⁸		45,701		42,700
U.S. Treasury Inflation-Protected Security 1.625% 10/15/2027⁸		267,903		267,685
U.S. Treasury Inflation-Protected Security 0.125% 1/15/2031^7,8		193,846		173,533
U.S. Treasury Inflation-Protected Security 2.125% 2/15/2041⁸		1,477		1,594
U.S. Treasury Inflation-Protected Security 0.75% 2/15/2042^7,8		138,108		118,400
				3,294,628

Total U.S. Treasury bonds & notes				7,030,283

Corporate bonds, notes & loans 19.39%
Financials 6.46%
AerCap Ireland Capital DAC 1.65% 10/29/2024		1,250		1,160
AerCap Ireland Capital DAC 2.45% 10/29/2026		13,813		12,184
AerCap Ireland Capital DAC 3.00% 10/29/2028		6,552		5,585
AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust 1.15% 10/29/2023		1,800		1,747
AIB Group PLC 7.583% 10/14/2026 (USD-SOFR + 3.456% on 10/14/2025)^5,6		15,000		15,362
Allstate Corp. 0.75% 12/15/2025		6,899		6,123
American Express Co. 4.90% 2/13/2026		20,098		19,947
American Express Co. 1.65% 11/4/2026		18,400		16,283
American Express Co. 2.55% 3/4/2027		875		793
American Express Co. 5.85% 11/5/2027		8,000		8,240
American Express Co. 4.05% 5/3/2029		10,000		9,481
Aon Corp. 2.85% 5/28/2027		10,775		9,801
Aon Corp. 5.35% 2/28/2033		4,012		4,013
Australia and New Zealand Banking Group, Ltd. 4.829% 2/3/2025⁵		7,874		7,809
Banco Santander, SA 5.147% 8/18/2025		6,600		6,522
Bank of America Corp. 3.55% 3/5/2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)⁶		2,549		2,549
Bank of America Corp. 1.843% 2/4/2025 (USD-SOFR + 0.67% on 2/4/2024)⁶		14,450		13,928
Bank of America Corp. 0.976% 4/22/2025 (USD-SOFR + 0.69% on 4/22/2024)⁶		845		799
Bank of America Corp. 2.456% 10/22/2025 (3-month USD-LIBOR + 0.87% on 10/22/2024)⁶		1,092		1,037
Bank of America Corp. 1.53% 12/6/2025 (USD-SOFR + 0.65% on 12/6/2024)⁶		38,750		36,040
Bank of America Corp. 1.319% 6/19/2026 (USD-SOFR + 1.15% on 6/19/2025)⁶		1,900		1,724
Bank of America Corp. 4.827% 7/22/2026 (USD-SOFR + 1.75% on 7/22/2025)⁶		10,000		9,841
Bank of America Corp. 5.08% 1/20/2027 (USD-SOFR + 1.29% on 1/20/2026)⁶		29,392		29,093
Bank of America Corp. 1.734% 7/22/2027 (USD-SOFR + 0.96% on 7/22/2026)⁶		12,000		10,575
Bank of America Corp. 2.551% 2/4/2028 (USD-SOFR + 1.05% on 2/4/2027)⁶		31,435		28,115

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
Bank of America Corp. 4.376% 4/27/2028 (USD-SOFR + 1.58% on 4/27/2027)⁶	USD	23,809	$	22,775
Bank of America Corp. 6.204% 11/10/2028 (USD-SOFR + 1.99% on 11/10/2027)⁶		10,000		10,286
Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028)⁶		600		505
Bank of America Corp. 2.972% 2/4/2033 (USD-SOFR + 1.33% on 2/4/2032)⁶		5,000		4,094
Bank of America Corp. 5.015% 7/22/2033 (USD-SOFR + 2.16% on 7/22/2032)⁶		7,018		6,755
Bank of America Corp. 2.676% 6/19/2041 (USD-SOFR + 1.93% on 6/19/2040)⁶		5,000		3,431
Bank of Ireland Group PLC 6.253% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.65% on 9/16/2025)^5,6		10,800		10,826
Bank of New York Mellon Corp. 1.60% 4/24/2025		28,000		25,972
Bank of New York Mellon Corp. 5.802% 10/25/2028 (USD-SOFR + 1.802% on 10/25/2027)⁶		600		615
Bank of Nova Scotia 4.75% 2/2/2026		12,825		12,624
Berkshire Hathaway, Inc. 2.30% 3/15/2027		850		786
Berkshire Hathaway, Inc. 2.875% 3/15/2032		462		398
BNP Paribas SA 1.675% 6/30/2027 (USD-SOFR + 0.912% on 6/30/2026)^5,6		775		681
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028)^5,6		5,325		4,407
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)^5,6		3,475		3,465
Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)⁶		357		351
Charles Schwab Corp. 1.15% 5/13/2026		1,675		1,480
Citigroup, Inc. 1.281% 11/3/2025 (USD-SOFR + 0.528% on 11/3/2024)⁶		616		572
Citigroup, Inc. 2.014% 1/25/2026 (USD-SOFR + 0.694% on 1/25/2025)⁶		975		910
Citigroup, Inc. 3.106% 4/8/2026 (USD-SOFR + 2.842% on 3/8/2026)⁶		10,000		9,501
Citigroup, Inc. 1.462% 6/9/2027 (USD-SOFR + 0.67% on 6/9/2026)⁶		700		612
Citigroup, Inc. 3.07% 2/24/2028 (USD-SOFR + 1.28% on 2/24/2027)⁶		15,669		14,230
Citigroup, Inc. 4.658% 5/24/2028 (USD-SOFR + 1.887% on 5/24/2027)⁶		432		418
Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030)⁶		4,979		4,086
Corebridge Financial, Inc. 3.50% 4/4/2025⁵		8,458		8,093
Corebridge Financial, Inc. 3.65% 4/5/2027⁵		32,226		30,088
Corebridge Financial, Inc. 3.85% 4/5/2029⁵		454		411
Corebridge Financial, Inc. 3.90% 4/5/2032⁵		281		246
Crédit Agricole SA 4.375% 3/17/2025⁵		3,025		2,935
Credit Suisse AG 7.95% 1/9/2025		15,000		15,155
Credit Suisse AG 7.50% 2/15/2028		10,400		10,509
Credit Suisse Group AG 3.80% 6/9/2023		10,000		9,881
Credit Suisse Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031)^5,6		650		458
Danske Bank AS 3.875% 9/12/2023⁵		15,000		14,863
Danske Bank AS 6.466% 1/9/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/9/2025)^5,6		7,500		7,551
Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026)⁶		928		806
Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027)⁶		5,000		4,353
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)⁶		1,775		1,795
Deutsche Bank AG 7.079% 2/10/2034 (USD-SOFR + 3.65% on 2/10/2033)⁶		3,150		3,072
DNB Bank ASA 1.127% 9/16/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 9/16/2025)^5,6		6,500		5,740
DNB Bank ASA 5.896% 10/9/2026 (USD-SOFR + 1.95% on 10/9/2025)^5,6		15,850		15,828
DNB Bank ASA 1.535% 5/25/2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 0.72% on 5/25/2026)^5,6		12,150		10,606
Goldman Sachs Group, Inc. 0.657% 9/10/2024 (USD-SOFR + 0.505% on 9/10/2023)⁶		1,205		1,171
Goldman Sachs Group, Inc. 5.70% 11/1/2024		19,175		19,297
Goldman Sachs Group, Inc. 1.757% 1/24/2025 (USD-SOFR + 0.73% on 1/24/2024)⁶		11,700		11,265
Goldman Sachs Group, Inc. 3.50% 4/1/2025		1,433		1,381
Goldman Sachs Group, Inc. 1.093% 12/9/2026 (USD-SOFR + 0.789% on 12/9/2025)⁶		15,500		13,652
Goldman Sachs Group, Inc. 1.431% 3/9/2027 (USD-SOFR + 0.795% on 3/9/2026)⁶		29,047		25,614
Goldman Sachs Group, Inc. 1.948% 10/21/2027 (USD-SOFR + 0.913% on 10/21/2026)⁶		6,657		5,835
Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027)⁶		9,667		8,644
Goldman Sachs Group, Inc. 3.615% 3/15/2028 (USD-SOFR + 1.846% on 3/15/2027)⁶		575		534
Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031)⁶		5,000		3,845
Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031)⁶		4,466		3,589
Groupe BPCE SA 5.15% 7/21/2024⁵		7,545		7,431
Groupe BPCE SA 1.625% 1/14/2025⁵		12,000		11,159
Groupe BPCE SA 1.00% 1/20/2026⁵		24,000		21,217
Groupe BPCE SA 1.652% 10/6/2026 (USD-SOFR + 1.52% on 10/6/2025)^5,6		17,025		15,232
Groupe BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026)^5,6		5,000		4,997
Guardian Life Global Funding 2.90% 5/6/2024⁵		21,285		20,666
Guardian Life Global Funding 0.875% 12/10/2025⁵		14,800		13,060
Guardian Life Global Funding 1.25% 11/19/2027⁵		925		778
HSBC Holdings PLC 0.732% 8/17/2024 (USD-SOFR + 0.534% on 8/17/2023)⁶		1,285		1,253

18	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
HSBC Holdings PLC 2.633% 11/7/2025 (3-month USD-LIBOR + 1.14% on 11/7/2024)⁶	USD	2,950	$	2,795
HSBC Holdings PLC 4.292% 9/12/2026 (3-month USD-LIBOR + 1.348% on 9/12/2025)⁶		12,300		11,847
HSBC Holdings PLC 1.589% 5/24/2027 (3-month USD-LIBOR + 1.29% on 5/24/2026)⁶		4,800		4,202
HSBC Holdings PLC 2.357% 8/18/2031 (USD-SOFR + 1.947% on 8/18/2030)⁶		5,000		3,952
Intercontinental Exchange, Inc. 4.00% 9/15/2027		775		754
Intercontinental Exchange, Inc. 4.35% 6/15/2029		615		596
Intesa Sanpaolo SpA 3.25% 9/23/2024⁵		15,000		14,296
Intesa Sanpaolo SpA 3.875% 7/14/2027⁵		6,179		5,591
JPMorgan Chase & Co. 1.514% 6/1/2024 (USD-SOFR + 1.455% on 6/1/2023)⁶		16,150		15,993
JPMorgan Chase & Co. 0.563% 2/16/2025 (USD-SOFR + 0.375% on 2/16/2024)⁶		1,461		1,386
JPMorgan Chase & Co. 0.824% 6/1/2025 (USD-SOFR + 0.54% on 6/1/2024)⁶		975		915
JPMorgan Chase & Co. 3.845% 6/14/2025 (USD-SOFR + 0.98% on 6/14/2024)⁶		28,889		28,211
JPMorgan Chase & Co. 0.768% 8/9/2025 (USD-SOFR + 0.49% on 8/9/2024)⁶		1,900		1,765
JPMorgan Chase & Co. 2.301% 10/15/2025 (USD-SOFR + 1.16% on 10/15/2024)⁶		41,750		39,507
JPMorgan Chase & Co. 1.561% 12/10/2025 (USD-SOFR + 0.605% on 12/10/2024)⁶		2,000		1,860
JPMorgan Chase & Co. 5.546% 12/15/2025 (USD-SOFR + 1.07% on 12/15/2024)⁶		36,454		36,427
JPMorgan Chase & Co. 2.595% 2/24/2026 (USD-SOFR + 0.915% on 2/24/2025)⁶		12,000		11,306
JPMorgan Chase & Co. 2.005% 3/13/2026 (USD-SOFR + 1.585% on 3/13/2025)⁶		25,000		23,264
JPMorgan Chase & Co. 2.083% 4/22/2026 (USD-SOFR + 1.85% on 4/22/2025)⁶		20,000		18,580
JPMorgan Chase & Co. 4.08% 4/26/2026 (USD-SOFR + 1.32% on 4/26/2025)⁶		10,000		9,722
JPMorgan Chase & Co. 1.04% 2/4/2027 (USD-SOFR + 0.695% on 2/4/2026)⁶		1,000		879
JPMorgan Chase & Co. 1.578% 4/22/2027 (USD-SOFR + 0.885% on 4/22/2026)⁶		15,363		13,597
JPMorgan Chase & Co. 2.947% 2/24/2028 (USD-SOFR + 1.17% on 2/24/2027)⁶		675		613
JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027)⁶		20,612		19,771
JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027)⁶		435		425
JPMorgan Chase & Co. 3.509% 1/23/2029 (3-month USD-LIBOR + 0.945% on 1/23/2028)⁶		5,000		4,575
JPMorgan Chase & Co. 2.069% 6/1/2029 (USD-SOFR + 1.015% on 6/1/2028)⁶		295		249
JPMorgan Chase & Co. 1.764% 11/19/2031 (USD-SOFR + 1.05% on 11/19/2030)⁶		775		596
JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032)⁶		742		612
KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)^5,6		200		198
Lloyds Banking Group PLC 1.627% 5/11/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on 5/11/2026)⁶		31,110		27,190
Marsh & McLennan Companies, Inc. 2.375% 12/15/2031		160		129
Metropolitan Life Global Funding I 0.40% 1/7/2024⁵		950		911
Metropolitan Life Global Funding I 0.70% 9/27/2024⁵		934		865
Metropolitan Life Global Funding I 0.95% 7/2/2025⁵		31,676		28,749
Metropolitan Life Global Funding I 3.45% 12/18/2026⁵		1,650		1,540
Metropolitan Life Global Funding I 1.875% 1/11/2027⁵		12,650		11,195
Metropolitan Life Global Funding I 4.40% 6/30/2027⁵		9,400		9,132
Metropolitan Life Global Funding I 5.05% 1/6/2028⁵		10,000		10,000
Morgan Stanley (USD-SOFR + 0.455%) 4.55% 1/25/2024³		22,838		22,831
Morgan Stanley 3.737% 4/24/2024 (3-month USD-LIBOR + 0.847% on 4/24/2023)⁶		6,479		6,460
Morgan Stanley 0.79% 5/30/2025 (USD-SOFR + 0.525% on 5/30/2024)⁶		16,965		15,892
Morgan Stanley 2.72% 7/22/2025 (USD-SOFR + 1.152% on 7/22/2024)⁶		2,414		2,316
Morgan Stanley 1.164% 10/21/2025 (USD-SOFR + 0.56% on 10/21/2024)⁶		880		816
Morgan Stanley 3.875% 1/27/2026		7,200		6,945
Morgan Stanley 2.63% 2/18/2026 (USD-SOFR + 0.94% on 2/18/2025)⁶		1,000		944
Morgan Stanley 2.188% 4/28/2026 (USD-SOFR + 1.99% on 4/28/2025)⁶		28,482		26,559
Morgan Stanley 4.679% 7/17/2026 (USD-SOFR + 1.669% on 7/17/2025)⁶		7,340		7,201
Morgan Stanley 3.125% 7/27/2026		770		717
Morgan Stanley 0.985% 12/10/2026 (USD-SOFR + 0.72% on 12/10/2025)⁶		1,000		880
Morgan Stanley 5.05% 1/28/2027 (USD-SOFR + 1.295% on 1/28/2026)⁶		3,725		3,684
Morgan Stanley 1.593% 5/4/2027 (USD-SOFR + 0.879% on 5/4/2026)⁶		10,000		8,833
Morgan Stanley 1.512% 7/20/2027 (USD-SOFR + 0.858% on 7/20/2026)⁶		1,270		1,109
Morgan Stanley 2.475% 1/21/2028 (USD-SOFR + 1.00% on 1/21/2027)⁶		11,515		10,276
Morgan Stanley 4.21% 4/20/2028 (USD-SOFR + 1.61% on 4/20/2027)⁶		9,656		9,177
Morgan Stanley 6.296% 10/18/2028 (USD-SOFR + 2.44% on 10/18/2027)⁶		1,500		1,541
Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028)⁶		19,487		19,144
Morgan Stanley 2.239% 7/21/2032 (USD-SOFR + 1.178% on 7/21/2031)⁶		3,537		2,753
National Australia Bank, Ltd. 1.887% 1/12/2027⁵		12,000		10,689
National Australia Bank, Ltd. 4.944% 1/12/2028		400		399
NatWest Group PLC 1.642% 6/14/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.90% on 6/14/2026)⁶		20,000		17,564
New York Life Global Funding 2.875% 4/10/2024⁵		10,430		10,155
New York Life Global Funding 0.90% 10/29/2024⁵		1,000		928

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
New York Life Global Funding 2.00% 1/22/2025⁵	USD	24,000	$	22,619
New York Life Global Funding 0.95% 6/24/2025⁵		3,368		3,047
New York Life Global Funding 0.85% 1/15/2026⁵		20,870		18,545
New York Life Global Funding 4.55% 1/28/2033⁵		1,347		1,298
Nordea Bank AB 3.60% 6/6/2025⁵		20,000		19,219
Northwestern Mutual Global Funding 0.60% 3/25/2024⁵		1,350		1,284
Northwestern Mutual Global Funding 0.80% 1/14/2026⁵		16,413		14,561
Northwestern Mutual Global Funding 1.75% 1/11/2027⁵		650		576
PNC Bank 3.30% 10/30/2024		1,110		1,076
PNC Financial Services Group, Inc. 5.671% 10/28/2025 (USD-SOFR + 1.09% on 10/28/2024)⁶		15,740		15,807
PNC Financial Services Group, Inc. 4.758% 1/26/2027 (USD-SOFR + 1.085% on 1/26/2026)⁶		800		788
Progressive Corp. 2.50% 3/15/2027		852		777
Progressive Corp. 3.00% 3/15/2032		375		325
Royal Bank of Canada 4.875% 1/12/2026		15,000		14,871
Royal Bank of Canada 4.90% 1/12/2028		400		394
Royal Bank of Canada 5.00% 2/1/2033		4,682		4,576
State Street Corp. 4.857% 1/26/2026 (USD-SOFR + 0.604% on 1/26/2025)⁶		5,835		5,784
State Street Corp. 5.82% 11/4/2028 (USD-SOFR + 1.715% on 11/4/2027)⁶		135		138
State Street Corp. 4.821% 1/26/2034 (USD-SOFR + 1.567% on 1/26/2033)⁶		400		386
Sumitomo Mitsui Banking Corp. 0.948% 1/12/2026		866		763
Sumitomo Mitsui Financial Group, Inc. 2.696% 7/16/2024		17,700		17,043
Toronto-Dominion Bank 5.156% 1/10/2028		11,770		11,720
Truist Financial Corp. 4.873% 1/26/2029 (USD-SOFR + 1.435% on 1/26/2028)⁶		10,000		9,820
Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033)⁶		5,425		5,282
U.S. Bancorp 2.40% 7/30/2024		2,400		2,306
U.S. Bancorp 5.727% 10/21/2026 (USD-SOFR + 1.43% on 10/21/2025)⁶		20,750		21,013
UBS Group AG 4.49% 8/5/2025 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.60% on 8/5/2024)^5,6		960		946
Wells Fargo & Company 0.805% 5/19/2025 (USD-SOFR + 0.51% on 5/19/2024)⁶		642		606
Wells Fargo & Company 2.406% 10/30/2025 (3-month USD-LIBOR + 0.825% on 10/30/2024)⁶		55,000		52,194
Wells Fargo & Company 3.00% 4/22/2026		7,847		7,328
Wells Fargo & Company 3.908% 4/25/2026 (USD-SOFR + 1.32% on 4/25/2025)⁶		36,249		34,977
Wells Fargo & Company 2.188% 4/30/2026 (USD-SOFR + 2.00% on 4/30/2025)⁶		10,280		9,563
Wells Fargo & Company 3.196% 6/17/2027 (3-month USD-LIBOR + 1.17% on 6/17/2026)⁶		11,244		10,438
Wells Fargo & Company 3.526% 3/24/2028 (USD-SOFR + 1.51% on 3/24/2027)⁶		649		601
Wells Fargo & Company 4.897% 7/25/2033 (USD-SOFR + 4.897% on 7/25/2032)⁶		5,000		4,778
Willis North America, Inc. 4.65% 6/15/2027		10,800		10,441
				1,609,439

Utilities 3.24%
AEP Transmission Co., LLC 3.10% 12/1/2026		7,000		6,552
Alabama Power Co. 3.75% 9/1/2027		5,000		4,770
Ameren Corp. 1.75% 3/15/2028		500		427
American Electric Power Company, Inc. 1.00% 11/1/2025		2,950		2,629
American Electric Power Company, Inc. 4.30% 12/1/2028		8,285		7,889
American Transmission Systems, Inc. 2.65% 1/15/2032⁵		5,125		4,204
Avangrid, Inc. 3.20% 4/15/2025		13,439		12,776
CenterPoint Energy, Inc. 1.45% 6/1/2026		1,250		1,108
CenterPoint Energy, Inc. 2.40% 9/1/2026		10,000		9,133
CenterPoint Energy, Inc. 2.65% 6/1/2031		5,460		4,484
Cleveland Electric Illuminating Co. 4.55% 11/15/2030⁵		7,150		6,772
CMS Energy Corp. 3.00% 5/15/2026		16,339		15,199
CMS Energy Corp. 3.45% 8/15/2027		16,812		15,684
Commonwealth Edison Co. 2.55% 6/15/2026		8,078		7,458
Connecticut Light and Power Co. 0.75% 12/1/2025		13,912		12,361
Consumers Energy Co. 4.65% 3/1/2028		650		641
Consumers Energy Co. 3.80% 11/15/2028		8,225		7,760
Consumers Energy Co. 4.625% 5/15/2033		7,175		6,977
Dominion Resources, Inc. 3.375% 4/1/2030		4,792		4,196
DTE Electric Co. 2.625% 3/1/2031		8,700		7,362
DTE Energy Company 1.90% 4/1/2028		1,000		862
DTE Energy Company 3.00% 3/1/2032		1,050		897
Duke Energy Carolinas, LLC 3.05% 3/15/2023		2,000		1,998

20	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Utilities (continued)
Duke Energy Carolinas, LLC 2.95% 12/1/2026	USD	1,000	$	932
Duke Energy Corp. 5.00% 12/8/2027		9,725		9,658
Duke Energy Corp. 4.50% 8/15/2032		350		324
Duke Energy Florida, LLC 2.50% 12/1/2029		248		211
Duke Energy Florida, LLC 1.75% 6/15/2030		21,619		17,279
Duke Energy Progress, LLC 2.00% 8/15/2031		1,637		1,290
Edison International 3.55% 11/15/2024		2,980		2,878
Edison International 4.95% 4/15/2025		4,429		4,378
Edison International 4.125% 3/15/2028		1,469		1,371
Edison International 6.95% 11/15/2029		10,125		10,640
Emera US Finance, LP 0.833% 6/15/2024		550		516
Emera US Finance, LP 2.639% 6/15/2031		400		315
Enel Finance America, LLC 7.10% 10/14/2027⁵		750		788
Enel Finance International SA 1.875% 7/12/2028⁵		3,575		2,933
Entergy Corp. 0.90% 9/15/2025		6,025		5,361
Entergy Corp. 2.40% 10/1/2026		9,647		8,706
Entergy Corp. 3.12% 9/1/2027		5,000		4,588
Entergy Corp. 1.90% 6/15/2028		20,000		16,964
Entergy Corp. 2.40% 6/15/2031		425		336
Entergy Louisiana, LLC 0.95% 10/1/2024		1,200		1,120
Eversource Energy 1.40% 8/15/2026		17,923		15,759
FirstEnergy Corp. 2.05% 3/1/2025		16,935		15,871
FirstEnergy Corp. 1.60% 1/15/2026		27,793		24,804
FirstEnergy Corp. 3.50% 4/1/2028⁵		4,975		4,558
FirstEnergy Corp. 4.10% 5/15/2028⁵		7,800		7,383
FirstEnergy Corp. 2.25% 9/1/2030		1,500		1,198
FirstEnergy Transmission, LLC 4.35% 1/15/2025⁵		3,340		3,242
FirstEnergy Transmission, LLC 2.866% 9/15/2028⁵		29,900		26,147
Florida Power & Light Company 2.85% 4/1/2025		3,250		3,113
Florida Power & Light Company 5.05% 4/1/2028		400		400
Florida Power & Light Company 2.45% 2/3/2032		500		412
Florida Power & Light Company 5.10% 4/1/2033		3,100		3,099
Gulf Power Co. 3.30% 5/30/2027		528		494
Jersey Central Power & Light Co. 4.30% 1/15/2026⁵		19,979		19,177
Monongahela Power Co. 3.55% 5/15/2027⁵		28,937		27,049
NextEra Energy Capital Holdings, Inc. 0.65% 3/1/2023		1,900		1,900
NextEra Energy Capital Holdings, Inc. 6.051% 3/1/2025		1,275		1,283
NextEra Energy Capital Holdings, Inc. 1.875% 1/15/2027		5,000		4,408
NextEra Energy Capital Holdings, Inc. 4.90% 2/28/2028		10,000		9,885
Niagara Mohawk Power Corp. 3.508% 10/1/2024⁵		3,100		2,989
Oncor Electric Delivery Company, LLC 2.75% 6/1/2024		2,550		2,471
Oncor Electric Delivery Company, LLC 0.55% 10/1/2025		24,275		21,679
Oncor Electric Delivery Company, LLC 2.75% 5/15/2030		475		413
Oncor Electric Delivery Company, LLC 4.55% 9/15/2032		320		309
Pacific Gas and Electric Co. 3.25% 6/15/2023		13,737		13,630
Pacific Gas and Electric Co. 1.70% 11/15/2023		7,070		6,865
Pacific Gas and Electric Co. 3.85% 11/15/2023		4,151		4,105
Pacific Gas and Electric Co. 3.75% 2/15/2024		933		912
Pacific Gas and Electric Co. 3.50% 6/15/2025		10,456		9,919
Pacific Gas and Electric Co. 3.30% 3/15/2027		23,393		21,359
Pacific Gas and Electric Co. 5.45% 6/15/2027		1,228		1,200
Pacific Gas and Electric Co. 2.10% 8/1/2027		26,970		22,992
Pacific Gas and Electric Co. 3.30% 12/1/2027		11,978		10,688
Pacific Gas and Electric Co. 3.00% 6/15/2028		1,850		1,616
Pacific Gas and Electric Co. 4.55% 7/1/2030		2,000		1,808
Pacific Gas and Electric Co. 2.50% 2/1/2031		33,374		26,041
Pacific Gas and Electric Co. 3.25% 6/1/2031		7,300		5,962
Progress Energy, Inc. 7.00% 10/30/2031		840		907
Public Service Company of Colorado 3.70% 6/15/2028		2,794		2,641
Public Service Company of Colorado 1.875% 6/15/2031		7,000		5,546
Public Service Electric and Gas Co. 3.00% 5/15/2025		3,734		3,558
Public Service Electric and Gas Co. 0.95% 3/15/2026		5,000		4,430
Public Service Electric and Gas Co. 3.70% 5/1/2028		140		132
Public Service Electric and Gas Co. 3.10% 3/15/2032		925		806
Public Service Enterprise Group, Inc. 2.25% 9/15/2026		7,177		6,530
Southern California Edison Co. 1.10% 4/1/2024		35,535		33,859
Southern California Edison Co. 1.20% 2/1/2026		20,000		17,739

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Utilities (continued)
Southern California Edison Co. 4.70% 6/1/2027	USD	25,369	$	24,969
Southern California Edison Co. 5.85% 11/1/2027		5,093		5,216
Southern California Edison Co. 3.65% 3/1/2028		1,234		1,154
Southern California Edison Co. 2.85% 8/1/2029		21,725		18,768
Southern California Edison Co. 2.25% 6/1/2030		1,565		1,288
Southern California Edison Co. 2.50% 6/1/2031		6,563		5,398
Southern California Edison Co. 2.75% 2/1/2032		8,972		7,434
Southern California Gas Company 2.55% 2/1/2030		4,500		3,815
Southwestern Electric Power Co. 1.65% 3/15/2026		13,068		11,694
Virginia Electric and Power Co. 2.95% 11/15/2026		11,937		11,026
Virginia Electric and Power Co. 2.875% 7/15/2029		6,800		5,960
Virginia Electric and Power Co. 2.40% 3/30/2032		499		404
WEC Energy Group, Inc. 0.55% 9/15/2023		20,000		19,480
WEC Energy Group, Inc. 5.15% 10/1/2027		16,650		16,575
WEC Energy Group, Inc. 2.20% 12/15/2028		16,325		13,862
Wisconsin Electric Power Co. 1.70% 6/15/2028		1,800		1,531
Wisconsin Power and Light Co. 1.95% 9/16/2031		100		78
Xcel Energy, Inc. 3.35% 12/1/2026		11,763		10,993
Xcel Energy, Inc. 1.75% 3/15/2027		6,818		5,988
Xcel Energy, Inc. 2.60% 12/1/2029		5,542		4,692
Xcel Energy, Inc. 2.35% 11/15/2031		2,858		2,279
				806,619

Health care 2.55%
AbbVie, Inc. 2.60% 11/21/2024		15,428		14,717
AbbVie, Inc. 3.80% 3/15/2025		22,690		22,018
AbbVie, Inc. 2.95% 11/21/2026		1,609		1,485
AbbVie, Inc. 3.20% 11/21/2029		4,575		4,048
AmerisourceBergen Corp. 0.737% 3/15/2023		690		689
AmerisourceBergen Corp. 2.70% 3/15/2031		500		416
Amgen, Inc. 5.25% 3/2/2025		20,000		19,959
Amgen, Inc. 5.507% 3/2/2026		11,000		10,979
Amgen, Inc. 5.15% 3/2/2028		18,658		18,590
Amgen, Inc. 3.00% 2/22/2029		16,721		14,886
Amgen, Inc. 4.05% 8/18/2029		48,677		45,407
Amgen, Inc. 5.25% 3/2/2030		20,869		20,775
Amgen, Inc. 2.00% 1/15/2032		634		491
Amgen, Inc. 5.25% 3/2/2033		373		371
Anthem, Inc. 2.375% 1/15/2025		33,250		31,492
Anthem, Inc. 4.10% 5/15/2032		9,244		8,493
AstraZeneca Finance, LLC 0.70% 5/28/2024		1,300		1,230
AstraZeneca Finance, LLC 1.20% 5/28/2026		35,256		31,241
AstraZeneca Finance, LLC 4.875% 3/3/2028		650		649
AstraZeneca Finance, LLC 1.75% 5/28/2028		5,612		4,810
AstraZeneca PLC 3.50% 8/17/2023		15,420		15,287
AstraZeneca PLC 0.70% 4/8/2026		17,903		15,708
Baxter International, Inc. 1.322% 11/29/2024		1,250		1,165
Baxter International, Inc. 1.915% 2/1/2027		1,000		872
Baxter International, Inc. 2.272% 12/1/2028		750		629
Boston Scientific Corp. 3.45% 3/1/2024		7,820		7,677
Boston Scientific Corp. 1.90% 6/1/2025		4,880		4,537
Centene Corp. 2.45% 7/15/2028		6,905		5,805
Centene Corp. 2.50% 3/1/2031		8,370		6,533
Centene Corp. 2.625% 8/1/2031		3,290		2,567
Cigna Corp. 4.125% 11/15/2025		35		34
Cigna Corp. 1.25% 3/15/2026		29,087		25,868
CVS Health Corp. 3.625% 4/1/2027		5,440		5,119
CVS Health Corp. 1.30% 8/21/2027		20,000		16,862
CVS Health Corp. 3.25% 8/15/2029		1,705		1,507
CVS Health Corp. 5.125% 2/21/2030		10,500		10,314
CVS Health Corp. 1.875% 2/28/2031		3,295		2,561
CVS Health Corp. 5.25% 2/21/2033		251		247
Elevance Health, Inc. 4.90% 2/8/2026		6,009		5,938
Elevance Health, Inc. 4.75% 2/15/2033		3,001		2,885
Eli Lilly and Company 2.75% 6/1/2025		3,857		3,667
Eli Lilly and Company 5.00% 2/27/2026		13,845		13,810
Eli Lilly and Company 3.375% 3/15/2029		206		191

22	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Health care (continued)
Eli Lilly and Company 4.70% 2/27/2033	USD	8,215	$	8,175
EMD Finance, LLC 3.25% 3/19/2025⁵		32,412		31,040
GE Healthcare Holding, LLC 5.65% 11/15/2027⁵		20,500		20,787
GE Healthcare Holding, LLC 5.857% 3/15/2030⁵		500		511
GlaxoSmithKline PLC 3.625% 5/15/2025		5,650		5,485
HCA, Inc. 3.125% 3/15/2027⁵		20,875		19,006
HCA, Inc. 3.375% 3/15/2029⁵		3,459		3,034
HCA, Inc. 2.375% 7/15/2031		3,023		2,356
Humana, Inc. 3.70% 3/23/2029		4,547		4,128
Johnson & Johnson 0.95% 9/1/2027		1,502		1,286
Laboratory Corporation of America Holdings 1.55% 6/1/2026		874		775
Merck & Co., Inc. 2.80% 5/18/2023		1,800		1,791
Merck & Co., Inc. 2.90% 3/7/2024		11,284		11,027
Merck & Co., Inc. 2.75% 2/10/2025		1,083		1,039
Novartis Capital Corp. 2.00% 2/14/2027		715		648
Pfizer, Inc. 2.95% 3/15/2024		225		220
Roche Holdings, Inc. 2.314% 3/10/2027⁵		1,000		908
Roche Holdings, Inc. 1.93% 12/13/2028⁵		1,200		1,029
Roche Holdings, Inc. 2.076% 12/13/2031⁵		800		649
Shire PLC 2.875% 9/23/2023		5,685		5,602
Takeda Pharmaceutical Company, Ltd. 4.40% 11/26/2023		9,600		9,509
Thermo Fisher Scientific, Inc. 4.80% 11/21/2027		600		600
Thermo Fisher Scientific, Inc. 1.75% 10/15/2028		2,703		2,281
UnitedHealth Group, Inc. 2.375% 8/15/2024		8,045		7,726
UnitedHealth Group, Inc. 5.15% 10/15/2025		11,610		11,636
UnitedHealth Group, Inc. 1.15% 5/15/2026		26,607		23,599
UnitedHealth Group, Inc. 3.70% 5/15/2027		655		625
UnitedHealth Group, Inc. 5.25% 2/15/2028		700		710
UnitedHealth Group, Inc. 4.00% 5/15/2029		15,625		14,822
UnitedHealth Group, Inc. 2.00% 5/15/2030		15,760		12,933
UnitedHealth Group, Inc. 4.20% 5/15/2032		3,066		2,888
Zoetis, Inc. 5.40% 11/14/2025		26,775		26,947
Zoetis, Inc. 5.60% 11/16/2032		150		155
				636,456

Communication services 1.43%
AT&T, Inc. 1.70% 3/25/2026		52,567		47,251
AT&T, Inc. 2.30% 6/1/2027		33,074		29,484
AT&T, Inc. 1.65% 2/1/2028		10,000		8,501
AT&T, Inc. 4.35% 3/1/2029		3,353		3,181
AT&T, Inc. 2.75% 6/1/2031		3,250		2,687
AT&T, Inc. 2.25% 2/1/2032		2,445		1,910
CCO Holdings, LLC and CCO Holdings Capital Corp. 4.50% 2/1/2024		42,050		41,540
CCO Holdings, LLC and CCO Holdings Capital Corp. 2.80% 4/1/2031		15,166		11,897
CCO Holdings, LLC and CCO Holdings Capital Corp. 4.40% 4/1/2033		10,000		8,559
Charter Communications Operating, LLC 2.30% 2/1/2032		1,631		1,201
Comcast Corp. 2.65% 2/1/2030		1,476		1,272
Meta Platforms, Inc. 3.85% 8/15/2032		350		315
Netflix, Inc. 4.875% 4/15/2028		13,635		13,231
Netflix, Inc. 5.875% 11/15/2028		11,109		11,276
Netflix, Inc. 6.375% 5/15/2029		325		338
Netflix, Inc. 5.375% 11/15/2029⁵		3,880		3,823
Netflix, Inc. 4.875% 6/15/2030⁵		2,295		2,205
SBA Tower Trust 1.631% 11/15/2026⁵		13,740		11,748
Take-Two Interactive Software, Inc. 3.30% 3/28/2024		10,735		10,490
T-Mobile US, Inc. 3.50% 4/15/2025		19,675		18,850
T-Mobile US, Inc. 1.50% 2/15/2026		7,500		6,717
T-Mobile US, Inc. 3.75% 4/15/2027		29,000		27,275
T-Mobile US, Inc. 2.05% 2/15/2028		950		816
T-Mobile US, Inc. 4.95% 3/15/2028		317		311
T-Mobile US, Inc. 3.875% 4/15/2030		3,534		3,206
T-Mobile US, Inc. 2.55% 2/15/2031		2,501		2,042
T-Mobile US, Inc. 2.875% 2/15/2031		500		415
Verizon Communications, Inc. 1.68% 10/30/2030		12,881		9,974
Verizon Communications, Inc. 1.75% 1/20/2031		27,538		21,266
Verizon Communications, Inc. 2.55% 3/21/2031		28,925		23,673
Verizon Communications, Inc. 2.355% 3/15/2032		690		543

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Communication services (continued)
WarnerMedia Holdings, Inc. 3.638% 3/15/2025⁵	USD	7,458	$	7,116
WarnerMedia Holdings, Inc. 3.755% 3/15/2027⁵		24,123		22,139
WarnerMedia Holdings, Inc. 4.054% 3/15/2029⁵		233		209
WarnerMedia Holdings, Inc. 4.279% 3/15/2032⁵		291		251
				355,712

Consumer discretionary 1.28%
Amazon.com, Inc. 0.45% 5/12/2024		1,325		1,254
Amazon.com, Inc. 4.70% 11/29/2024		30,000		29,845
Amazon.com, Inc. 4.60% 12/1/2025		850		844
Amazon.com, Inc. 1.00% 5/12/2026		1,000		886
Amazon.com, Inc. 3.30% 4/13/2027		875		827
Amazon.com, Inc. 1.20% 6/3/2027		625		540
Amazon.com, Inc. 1.65% 5/12/2028		650		558
American Honda Finance Corp. 0.55% 7/12/2024		13,727		12,873
American Honda Finance Corp. 1.20% 7/8/2025		15,273		13,931
American Honda Finance Corp. 1.00% 9/10/2025		13,000		11,740
American Honda Finance Corp. 1.30% 9/9/2026		7,960		6,994
American Honda Finance Corp. 2.00% 3/24/2028		725		627
Bayerische Motoren Werke AG 3.15% 4/18/2024⁵		13,171		12,869
Bayerische Motoren Werke AG 1.25% 8/12/2026⁵		925		813
Bayerische Motoren Werke AG 2.55% 4/1/2031⁵		14,910		12,482
Daimler Trucks Finance North America, LLC 1.125% 12/14/2023⁵		600		581
Daimler Trucks Finance North America, LLC 1.625% 12/13/2024⁵		650		608
Daimler Trucks Finance North America, LLC 5.20% 1/17/2025⁵		4,569		4,542
Daimler Trucks Finance North America, LLC 3.50% 4/7/2025⁵		10,000		9,597
Daimler Trucks Finance North America, LLC 5.15% 1/16/2026⁵		3,343		3,307
Daimler Trucks Finance North America, LLC 2.00% 12/14/2026⁵		8,975		7,944
Daimler Trucks Finance North America, LLC 3.65% 4/7/2027⁵		2,625		2,468
Daimler Trucks Finance North America, LLC 2.375% 12/14/2028⁵		7,025		5,957
Daimler Trucks Finance North America, LLC 2.50% 12/14/2031⁵		375		301
DaimlerChrysler North America Holding Corp. 0.75% 3/1/2024⁵		1,350		1,290
DaimlerChrysler North America Holding Corp. 1.45% 3/2/2026⁵		10,550		9,471
General Motors Financial Co. 1.05% 3/8/2024		3,425		3,272
General Motors Financial Co. 2.40% 4/10/2028		600		512
General Motors Financial Co. 2.70% 6/10/2031		300		235
Home Depot, Inc. 2.50% 4/15/2027		750		686
Home Depot, Inc. 1.50% 9/15/2028		1,102		931
Hyundai Capital America 0.80% 4/3/2023⁵		50,800		50,598
Hyundai Capital America 1.80% 10/15/2025⁵		7,423		6,730
Hyundai Capital America 1.30% 1/8/2026⁵		885		784
Hyundai Capital America 1.50% 6/15/2026⁵		20,850		18,273
Hyundai Capital America 2.375% 10/15/2027⁵		745		651
Hyundai Capital America 2.00% 6/15/2028⁵		575		479
Marriott International, Inc. 5.00% 10/15/2027		10,570		10,453
Mercedes-Benz Finance North America, LLC 5.375% 11/26/2025⁵		7,400		7,434
Mercedes-Benz Finance North America, LLC 5.25% 11/29/2027⁵		5,300		5,330
Stellantis Finance US, Inc. 1.711% 1/29/2027⁵		5,925		5,143
Stellantis Finance US, Inc. 5.625% 1/12/2028⁵		5,000		5,026
Toyota Motor Credit Corp. 3.35% 1/8/2024		10,010		9,854
Toyota Motor Credit Corp. 0.45% 1/11/2024		1,500		1,440
Toyota Motor Credit Corp. 2.90% 4/17/2024		5,064		4,935
Toyota Motor Credit Corp. 0.80% 1/9/2026		5,152		4,593
Toyota Motor Credit Corp. 1.125% 6/18/2026		1,770		1,563
Toyota Motor Credit Corp. 1.90% 1/13/2027		3,075		2,749
Toyota Motor Credit Corp. 1.90% 4/6/2028		9,400		8,173
Volkswagen Group of America Finance, LLC 4.25% 11/13/2023⁵		9,500		9,410
Volkswagen Group of America Finance, LLC 2.85% 9/26/2024⁵		6,176		5,919
				318,322

Consumer staples 1.22%
7-Eleven, Inc. 0.80% 2/10/2024⁵		1,180		1,127
7-Eleven, Inc. 0.95% 2/10/2026⁵		12,127		10,689
7-Eleven, Inc. 1.30% 2/10/2028⁵		7,379		6,126
7-Eleven, Inc. 1.80% 2/10/2031⁵		20,977		16,115
Altria Group, Inc. 2.35% 5/6/2025		4,676		4,385
Altria Group, Inc. 4.40% 2/14/2026		8,708		8,527

24	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Consumer staples (continued)
Altria Group, Inc. 3.40% 5/6/2030	USD	687	$	593
Altria Group, Inc. 2.45% 2/4/2032		25,444		19,223
Anheuser-Busch InBev NV 4.75% 1/23/2029		11,000		10,820
British American Tobacco PLC 2.789% 9/6/2024		35,000		33,563
British American Tobacco PLC 3.215% 9/6/2026		25,000		23,073
British American Tobacco PLC 4.448% 3/16/2028		500		468
Coca-Cola Company 1.00% 3/15/2028		20,250		16,959
Conagra Brands, Inc. 4.30% 5/1/2024		2,660		2,624
Conagra Brands, Inc. 1.375% 11/1/2027		17,415		14,506
Constellation Brands, Inc. 3.60% 5/9/2024		800		784
Constellation Brands, Inc. 5.00% 2/2/2026		1,000		992
Constellation Brands, Inc. 4.35% 5/9/2027		10,515		10,168
Constellation Brands, Inc. 4.75% 5/9/2032		122		116
Imperial Tobacco Finance PLC 6.125% 7/27/2027⁵		1,810		1,826
Keurig Dr Pepper, Inc. 4.417% 5/25/2025		597		586
Nestlé Holdings, Inc. 3.35% 9/24/2023⁵		2,000		1,979
Nestlé Holdings, Inc. 0.625% 1/15/2026⁵		10,000		8,864
Nestlé Holdings, Inc. 1.15% 1/14/2027⁵		19,395		16,933
Nestlé Holdings, Inc. 1.00% 9/15/2027⁵		700		595
PepsiCo, Inc. 1.625% 5/1/2030		2,236		1,818
PepsiCo, Inc. 1.95% 10/21/2031		11,471		9,246
Philip Morris International, Inc. 1.50% 5/1/2025		12,728		11,780
Philip Morris International, Inc. 5.00% 11/17/2025		8,800		8,752
Philip Morris International, Inc. 5.125% 11/17/2027		23,954		23,857
Philip Morris International, Inc. 4.875% 2/15/2028		11,000		10,774
Philip Morris International, Inc. 5.625% 11/17/2029		2,320		2,352
Philip Morris International, Inc. 5.75% 11/17/2032		281		284
Philip Morris International, Inc. 5.375% 2/15/2033		300		295
Procter & Gamble Company 0.55% 10/29/2025		2,020		1,811
Procter & Gamble Company 4.10% 1/26/2026		10,000		9,854
Procter & Gamble Company 1.00% 4/23/2026		3,286		2,928
Procter & Gamble Company 3.95% 1/26/2028		7,500		7,324
Procter & Gamble Company 1.20% 10/29/2030		1,000		789
Unilever Capital Corp. 2.60% 5/5/2024		1,200		1,164
				304,669

Industrials 0.92%
Boeing Company 4.508% 5/1/2023		4,000		3,994
Boeing Company 1.95% 2/1/2024		25,000		24,151
Boeing Company 4.875% 5/1/2025		2,500		2,466
Boeing Company 2.75% 2/1/2026		20,292		18,816
Boeing Company 2.196% 2/4/2026		22,066		20,049
Boeing Company 3.25% 2/1/2028		10,621		9,623
Boeing Company 5.15% 5/1/2030		4,981		4,823
Boeing Company 3.625% 2/1/2031		430		377
Canadian Pacific Railway, Ltd. 1.75% 12/2/2026		10,248		9,079
Canadian Pacific Railway, Ltd. 2.45% 12/2/2031		4,149		3,458
Emerson Electric Co. 1.80% 10/15/2027		6,753		5,895
General Dynamics Corp. 1.15% 6/1/2026		21,150		18,731
General Dynamics Corp. 2.25% 6/1/2031		273		227
Honeywell International, Inc. 2.30% 8/15/2024		24,100		23,132
L3Harris Technologies, Inc. 1.80% 1/15/2031		275		215
Lockheed Martin Corp. 4.95% 10/15/2025		11,100		11,123
Lockheed Martin Corp. 5.10% 11/15/2027		8,960		9,084
Lockheed Martin Corp. 5.25% 1/15/2033		348		357
Masco Corp. 1.50% 2/15/2028		4,158		3,441
Norfolk Southern Corp. 4.45% 3/1/2033		1,899		1,785
Northrop Grumman Corp. 4.70% 3/15/2033		8,652		8,349
Otis Worldwide Corp. 2.293% 4/5/2027		2,000		1,798
Raytheon Technologies Corp. 5.00% 2/27/2026		4,046		4,041
Raytheon Technologies Corp. 1.90% 9/1/2031		788		617
Raytheon Technologies Corp. 2.375% 3/15/2032		425		343
Raytheon Technologies Corp. 5.15% 2/27/2033		9,788		9,744
Siemens AG 0.40% 3/11/2023⁵		2,011		2,008
Siemens AG 0.65% 3/11/2024⁵		1,363		1,297
Siemens AG 1.20% 3/11/2026⁵		5,147		4,586
Siemens AG 1.70% 3/11/2028⁵		625		538

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Industrials (continued)
Union Pacific Corp. 3.50% 6/8/2023	USD	1,685	$	1,677
Union Pacific Corp. 3.15% 3/1/2024		9,803		9,602
Union Pacific Corp. 4.75% 2/21/2026		10,000		9,959
Union Pacific Corp. 2.15% 2/5/2027		1,500		1,357
Union Pacific Corp. 2.375% 5/20/2031		382		317
Union Pacific Corp. 2.80% 2/14/2032		537		454
United Technologies Corp. 3.65% 8/16/2023		178		177
Waste Management, Inc. 4.625% 2/15/2030		400		389
				228,079

Information technology 0.76%
Analog Devices, Inc. 1.70% 10/1/2028		2,731		2,304
Analog Devices, Inc. 2.10% 10/1/2031		182		147
Apple, Inc. 1.80% 9/11/2024		2,200		2,097
Apple, Inc. 0.55% 8/20/2025		1,775		1,601
Apple, Inc. 3.25% 8/8/2029		10,535		9,696
Apple, Inc. 3.35% 8/8/2032		10,400		9,383
Broadcom Corp. 3.875% 1/15/2027		7,500		7,077
Broadcom, Inc. 3.15% 11/15/2025		15,000		14,132
Broadcom, Inc. 1.95% 2/15/2028⁵		5,558		4,713
Broadcom, Inc. 4.00% 4/15/2029⁵		181		164
Fidelity National Information Services, Inc. 1.15% 3/1/2026		9,760		8,564
Fiserv, Inc. 3.20% 7/1/2026		49,500		46,206
Fiserv, Inc. 2.65% 6/1/2030		258		216
Global Payments, Inc. 2.90% 5/15/2030		1,344		1,107
Intel Corp. 4.875% 2/10/2026		10,000		9,906
Intel Corp. 4.875% 2/10/2028		5,668		5,587
Intel Corp. 5.125% 2/10/2030		14,400		14,233
Intel Corp. 5.20% 2/10/2033		181		178
Intuit, Inc. 0.95% 7/15/2025		1,455		1,321
Intuit, Inc. 1.35% 7/15/2027		1,325		1,149
Microsoft Corp. 2.40% 8/8/2026		1,377		1,278
Oracle Corp. 1.65% 3/25/2026		32,540		29,097
Oracle Corp. 2.30% 3/25/2028		10,098		8,768
salesforce.com, inc. 1.50% 7/15/2028		8,025		6,811
salesforce.com, inc. 1.95% 7/15/2031		150		120
VeriSign, Inc. 2.70% 6/15/2031		3,333		2,693
Visa, Inc. 0.75% 8/15/2027		500		425
				188,973

Real estate 0.75%
Alexandria Real Estate Equities, Inc. 3.80% 4/15/2026		3,875		3,713
Alexandria Real Estate Equities, Inc. 2.75% 12/15/2029		2,285		1,934
American Tower Corp. 1.45% 9/15/2026		4,028		3,504
American Tower Corp. 3.65% 3/15/2027		162		151
American Tower Corp. 5.50% 3/15/2028		650		648
American Tower Corp. 5.65% 3/15/2033		375		373
Corporate Office Properties, LP 2.25% 3/15/2026		3,253		2,904
Corporate Office Properties, LP 2.00% 1/15/2029		4,494		3,464
Corporate Office Properties, LP 2.75% 4/15/2031		1,289		972
Crown Castle, Inc. 5.00% 1/11/2028		10,047		9,900
Equinix, Inc. 2.625% 11/18/2024		30,443		28,998
Equinix, Inc. 1.25% 7/15/2025		14,633		13,244
Equinix, Inc. 1.45% 5/15/2026		15,578		13,751
Equinix, Inc. 1.80% 7/15/2027		6,163		5,291
Equinix, Inc. 1.55% 3/15/2028		4,910		4,087
Equinix, Inc. 2.00% 5/15/2028		13,563		11,468
Equinix, Inc. 2.15% 7/15/2030		7,462		5,966
Equinix, Inc. 2.50% 5/15/2031		337		270
Extra Space Storage, Inc. 2.35% 3/15/2032		79		61
Invitation Homes Operating Partnership, LP 2.30% 11/15/2028		7,745		6,411
Invitation Homes Operating Partnership, LP 2.00% 8/15/2031		228		171
Public Storage 1.85% 5/1/2028		8,341		7,166
Public Storage 1.95% 11/9/2028		3,041		2,584
Scentre Group 3.25% 10/28/2025⁵		1,360		1,272
Sun Communities Operating, LP 2.30% 11/1/2028		8,627		7,300
Sun Communities Operating, LP 2.70% 7/15/2031		353		282

26	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Real estate (continued)
Sun Communities Operating, LP 4.20% 4/15/2032	USD	360	$	320
VICI Properties, LP 4.375% 5/15/2025		10,073		9,703
VICI Properties, LP 4.75% 2/15/2028		38,841		36,675
VICI Properties, LP 4.95% 2/15/2030		600		561
WEA Finance, LLC 3.75% 9/17/2024⁵		3,790		3,616
				186,760

Energy 0.40%
Baker Hughes Holdings, LLC 2.061% 12/15/2026		3,307		2,957
BP Capital Markets America, Inc. 2.721% 1/12/2032		8,700		7,294
Canadian Natural Resources, Ltd. 2.05% 7/15/2025		1,840		1,700
Chevron Corp. 1.554% 5/11/2025		10,000		9,286
Chevron Corp. 1.995% 5/11/2027		7,111		6,373
Chevron USA, Inc. 0.687% 8/12/2025		3,543		3,198
Chevron USA, Inc. 1.018% 8/12/2027		2,992		2,556
Continental Resources, Inc. 2.875% 4/1/2032⁵		163		123
Enterprise Products Operating, LLC 5.05% 1/10/2026		20,880		20,845
Enterprise Products Operating, LLC 5.35% 1/31/2033		231		231
EQT Corp. 5.70% 4/1/2028		214		211
Exxon Mobil Corp. 2.019% 8/16/2024		7,299		6,980
Exxon Mobil Corp. 2.992% 3/19/2025		5,000		4,802
Exxon Mobil Corp. 2.61% 10/15/2030		5,550		4,822
Kinder Morgan, Inc. 5.20% 6/1/2033		2,336		2,226
ONEOK, Inc. 5.85% 1/15/2026		3,753		3,784
Pioneer Natural Resources Company 1.125% 1/15/2026		12,333		10,987
Qatar Energy 1.375% 9/12/2026⁵		1,700		1,509
Saudi Arabian Oil Co. 1.625% 11/24/2025⁵		1,920		1,752
Shell International Finance BV 2.00% 11/7/2024		3,200		3,042
Total Capital International 2.434% 1/10/2025		6,245		5,970
				100,648

Materials 0.38%
Anglo American Capital PLC 5.375% 4/1/2025⁵		10,000		9,968
ArcelorMittal 3.60% 7/16/2024		2,058		1,999
BHP Billiton Finance (USA), Ltd. 4.75% 2/28/2028		13,500		13,342
Celanese US Holdings, LLC 6.05% 3/15/2025		3,000		2,990
Celanese US Holdings, LLC 6.165% 7/15/2027		3,000		2,980
Celanese US Holdings, LLC 6.33% 7/15/2029		2,500		2,454
Dow Chemical Co. 2.10% 11/15/2030		7,000		5,657
Glencore Funding, LLC 1.625% 4/27/2026⁵		21,000		18,649
International Flavors & Fragrances, Inc. 1.832% 10/15/2027⁵		5,062		4,241
Linde, Inc. 4.70% 12/5/2025		10,860		10,828
LYB International Finance III, LLC 1.25% 10/1/2025		1,227		1,099
LYB International Finance III, LLC 2.25% 10/1/2030		1,192		954
Nutrien, Ltd. 5.90% 11/7/2024		716		720
Nutrien, Ltd. 5.95% 11/7/2025		12,790		12,961
Praxair, Inc. 1.10% 8/10/2030		4,191		3,243
Sherwin-Williams Company 2.20% 3/15/2032		475		371
Vale Overseas, Ltd. 3.75% 7/8/2030		2,291		1,994
				94,450

Total corporate bonds, notes & loans				4,830,127

Asset-backed obligations 11.99%
522 Funding CLO, Ltd., Series 18-2, Class A, (3-month USD-LIBOR + 1.04%) 5.848% 4/20/2031^1,3,5		1,100		1,084
522 Funding CLO, Ltd., Series 18-3, Class AR, (3-month USD-LIBOR + 1.04%) 5.848% 10/20/2031^1,3,5		1,000		987
ABPCI Direct Lending Fund CLO, Ltd., Series 2020-9, Class A1R, (3-month USD-LIBOR + 1.40%) 6.215% 11/18/2031^1,3,5		1,000		987
ACHV ABS Trust, Series 2023-1, Class A, 6.42% 3/18/2030^1,5		2,508		2,512
Affirm Asset Securitization Trust, Series 2021-B, Class A, 1.03% 8/17/2026^1,5		28,642		27,461
Affirm Asset Securitization Trust, Series 2021-Z2, Class A, 1.17% 11/16/2026^1,5		7,289		6,987
Affirm Asset Securitization Trust, Series 2023-A, Class A, 6.61% 1/18/2028^1,5		4,990		4,969
AGL CLO, Ltd., Series 2022-18A, Class A1, (3-month USD CME Term SOFR + 1.32%) 5.973% 4/21/2031^1,3,5		10,836		10,786

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Allegro CLO, Ltd., Series 2016-1A, Class AR2, (3-month USD-LIBOR + 0.95%) 5.742% 1/15/2030^1,3,5	USD	19,912	$	19,780
Allegro CLO, Ltd., Series 2017-1A, Class AR, (3-month USD-LIBOR + 0.95%) 5.742% 10/16/2030^1,3,5		17,752		17,467
ALM Loan Funding, Series 2020-1A, Class A2, (3-month USD-LIBOR + 1.85%) 6.642% 10/15/2029^1,3,5		12,500		12,397
American Credit Acceptance Receivables Trust, Series 2022-4, Class A, 6.20% 5/13/2026^1,5		11,448		11,485
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 6/15/2026^1,5		709		703
American Credit Acceptance Receivables Trust, Series 2022-3, Class B, 4.55% 10/13/2026^1,5		3,921		3,864
American Express Credit Account Master Trust, Series 2018-5, Class A, 4.928% 12/15/2025^1,3		1,060		1,060
American Express Credit Account Master Trust, Series 2018-9, Class A, (1-month USD-LIBOR + 0.38%) 4.968% 4/15/2026^1,3		49,425		49,428
American Express Credit Account Master Trust, Series 2022-3, Class A, 3.75% 8/16/2027¹		140		136
American Homes 4 Rent, Series 2014-SFR2, Class A, 3.786% 10/17/2036^1,5		18,601		18,075
American Homes 4 Rent, Series 2015-SFR1, Class A, 3.467% 4/17/2052^1,5		1,707		1,628
American Homes 4 Rent, Series 2015-SFR2, Class A, 3.732% 10/17/2052^1,5		19,037		18,301
American Homes 4 Rent, Series 2015-SFR2, Class B, 4.295% 10/17/2052^1,5		6,605		6,381
American Money Management Corp., Series 2017-21, Class C, (3-month USD-LIBOR + 2.10%) 6.914% 11/2/2030^1,3,5		1,300		1,255
AmeriCredit Automobile Receivables Trust, Series 2020-2, Class A3, 0.66% 12/18/2024¹		99		98
Anchorage Capital CLO, Ltd., Series 2014-4R, Class A, (3-month USD-LIBOR + 1.05%) 5.852% 1/28/2031^1,3,5		245		243
Apidos CLO, Series 2017-27, Class A1R, (3-month USD-LIBOR + 0.93%) 5.722% 7/17/2030^1,3,5		1,120		1,111
Apidos CLO, Series 2013-12, Class AR, (3-month USD-LIBOR + 1.08%) 5.872% 4/15/2031^1,3,5		1,500		1,489
Apidos CLO, Series 2013-15, Class A1RR (3-month USD-LIBOR + 1.01%) 5.818% 4/20/2031^1,3,5		1,200		1,190
Apidos CLO, Series 2022-42, Class D, (3-month USD CME Term SOFR + 5.76%) 10.356% 1/20/2036^1,3,5		750		744
Ares CLO, Ltd., Series 2017-42A, Class AR, (3-month USD-LIBOR + 0.92%) 5.735% 1/22/2028^1,3,5		25,735		25,566
Avis Budget Rental Car Funding (AESOP), LLC, Series 2017-2A, Class A, 2.97% 3/20/2024^1,5		1,726		1,724
Avis Budget Rental Car Funding (AESOP), LLC, Series 2018-1A, Class A, 3.70% 9/20/2024^1,5		3,231		3,211
Avis Budget Rental Car Funding (AESOP), LLC, Series 2018-2A, Class A, 4.00% 3/20/2025^1,5		34,000		33,493
Avis Budget Rental Car Funding (AESOP), LLC, Series 2019-2A, Class A, 3.35% 9/22/2025^1,5		24,180		23,429
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class A, 2.33% 8/20/2026^1,5		15,377		14,295
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027^1,5		6,742		6,105
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027^1,5		692		634
Avis Budget Rental Car Funding (AESOP), LLC, Series 2022-5, Class A, 6.12% 4/20/2027^1,5		14,587		14,820
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-1, Class A, 5.25% 4/20/2029^1,5		16,901		16,759
Bain Capital Credit CLO, Ltd., Series 2017-2, Class AR2, (3-month USD-LIBOR + 1.18%) 5.998% 7/25/2034^1,3,5		2,000		1,974
Balboa Bay Loan Funding, Ltd., Series 2023-1, Class A, (3-month USD CME Term SOFR + 1.90%) 6.711% 4/20/2035^1,3,5		2,000		2,000
Ballyrock CLO, Ltd., Series 2019-2A, Class A1AR, (3-month USD-LIBOR + 1.00%) 5.915% 11/20/2030^1,3,5		43,269		42,943
Ballyrock CLO, Ltd., Series 2023-23, Class A1, (3-month USD CME Term SOFR + 1.98%) 6.971% 4/25/2036^1,3,5		1,143		1,143
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class A, 2.56% 9/17/2031^1,5		596		583

28	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, 3.59% 9/17/2031^1,5	USD	7,000	$	6,569
Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033^1,5		5,532		5,146
Bankers Healthcare Group Securitization Trust, Series 2021-B, Class A, 0.90% 10/17/2034^1,5		4,506		4,286
Bankers Healthcare Group Securitization Trust, Series 2022-A, Class A, 1.71% 2/20/2035^1,5		8,252		7,832
Battalion CLO, Ltd., Series 2018-12, Class A2R, (1-month USD-LIBOR + 1.45%) 6.327% 5/17/2031^1,3,5		2,300		2,277
Benefit Street Partners CLO, Ltd., Series 2015-8, Class A1AR, (3-month USD-LIBOR + 1.10%) 5.908% 1/20/2031^1,3,5		750		745
Betony CLO 2, Ltd., Series 2018-1, Class A2, (3-month USD LIBOR + 1.60%) 6.402% 4/30/2031^1,3,5		800		785
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class A, 2.443% 7/15/2046^1,5		2,505		2,124
BlueMountain CLO, Ltd., Series 2015-3, Class CR, (3-month USD LIBOR + 2.60%) 7.408% 4/20/2031^1,3,5		250		213
BlueMountain CLO, Ltd., Series 2018-22, Class C, (3-month USD LIBOR + 1.95%) 6.742% 7/15/2031^1,3,5		2,300		2,166
BMW Vehicle Lease Trust, Series 2023-1, Class A3, 5.16% 11/25/2025¹		6,080		6,076
Capital One Multi-Asset Execution Trust, Series 2018-2, Class A2, (1-month USD-LIBOR + 0.35%) 4.938% 3/16/2026^1,3		48,059		48,127
Carlyle Global Market Strategies, CLO, Series 2013-1, Class A1RR, (3-month USD-LIBOR + 0.95%) 5.819% 8/14/2030^1,3,5		624		619
Carlyle Global Market Strategies, CLO, Series 2017-C, Class A1AR, (3-month USD-LIBOR + 1.03%) 5.832% 4/30/2031^1,3,5		500		496
Carlyle Global Market Strategies, CLO, Series 2014-5, Class A1RR, (3-month USD-LIBOR + 1.14%) 5.932% 7/15/2031^1,3,5		799		794
Carlyle Global Market Strategies, CLO, Series 2014-3R, Class A1A, (3-month USD-LIBOR + 1.05%) 5.865% 7/27/2031^1,3,5		3,045		3,022
CarMax Auto Owner Trust, Series 2022-4, Class A2A, 5.34% 12/15/2025¹		6,151		6,151
CarMax Auto Owner Trust, Series 2023-1, Class A2A, 5.23% 1/15/2026¹		5,467		5,453
Carval CLO, Ltd., Series 2021-2, Class A, (3-month USD-LIBOR + 1.20%) 5.992% 10/15/2034^1,3,5		250		247
Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028¹		519		500
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037^1,5		12,564		10,658
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041^1,5		3,539		3,188
Cent CLO, Ltd., Series 2014-21A, Class AR, (3-month USD-LIBOR + 0.97%) 5.785% 7/27/2030^1,3,5		50,264		49,686
Cerberus Loan Funding, LP, CLO, Series 2019-1A, Class AR, (3-month USD-LIBOR + 1.50%) 6.292% 4/15/2031^1,3,5		2,000		1,966
Cerberus Loan Funding, LP, CLO, Series 2022-2, Class A1, (3-month USD CME Term SOFR + 2.75%) 7.235% 10/15/2034^1,3,5		4,000		4,007
Cerberus Loan Funding, LP, CLO, Series 2023-1, Class A, (3-month USD CME Term SOFR + 2.40%) 7.29% 3/22/2035^1,3,5		2,000		2,002
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060^1,5		54,761		49,084
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060^1,5		10,438		8,794
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061^1,5		37,860		32,925
CF Hippolyta, LLC, Series 2022-1, Class A1, 5.97% 8/15/2062^1,5		47,054		46,291
CF Hippolyta, LLC, Series 2022-1, Class A2, 6.11% 8/15/2062^1,5		11,434		11,238
CIFC Funding, Ltd., CLO, Series 2017-1A, Class B, (3-month USD-LIBOR + 1.70%) 6.515% 4/23/2029^1,3,5		3,500		3,486
CIFC Funding, Ltd., CLO, Series 2017-5, Class A1, (3-month USD-LIBOR + 1.18%) 5.972% 11/16/2030^1,3,5		758		754
CIFC Funding, Ltd., CLO, Series 2015-1, Class ARR, (3-month USD-LIBOR + 1.11%) 5.925% 1/22/2031^1,3,5		250		249
CIFC Funding, Ltd., CLO, Series 2018-3A, Class A, (3-month USD-LIBOR + 1.10%) 5.895% 7/18/2031^1,3,5		2,300		2,282
Citibank Credit Card Issuance Trust, Series 2018-A4, Class A4, 4.912% 6/9/2025^1,3		25,270		25,272
Citibank Credit Card Issuance Trust, Series 2017-A5, Class A5, (1-month USD-LIBOR + 0.62%) 5.213% 4/22/2026^1,3		14,879		14,913
CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045^1,5		3,679		3,200
CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045^1,5		8,462		7,375
CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045^1,5		2,269		1,991
CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046^1,5		4,214		3,626

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Covenant Credit Partners CLO, Ltd., Series 2017-1, Class C1, (3-month USD-LIBOR + 2.55%) 7.342% 10/15/2029^1,3,5	USD	400	$	389
CPS Auto Receivables Trust, Series 2023-A, Class A, 5.54% 3/16/2026^1,5		10,742		10,820
CPS Auto Receivables Trust, Series 2020-B, Class D, 4.75% 4/15/2026^1,5		540		538
CPS Auto Receivables Trust, Series 2022-B, Class A, 2.88% 6/15/2026^1,5		6,063		5,970
CPS Auto Receivables Trust, Series 2023-A, Class B, 5.47% 11/16/2026^1,5		4,591		4,554
CPS Auto Receivables Trust, Series 2022-D, Class A, 6.09% 1/15/2027^1,5		10,986		11,008
CPS Auto Receivables Trust, Series 2023-A, Class C, 5.54% 4/16/2029^1,5		6,529		6,450
CPS Auto Receivables Trust, Series 2022-C, Class A, 4.18% 4/15/2030^1,5		5,112		5,072
Credit Acceptance Auto Loan Trust, Series 2020-2A, Class A, 1.37% 7/16/2029^1,5		5,473		5,436
Credit Acceptance Auto Loan Trust, Series 2020-2A, Class B, 1.93% 9/17/2029^1,5		8,350		8,179
Credit Acceptance Auto Loan Trust, Series 2021-3A, Class A, 1.00% 5/15/2030^1,5		11,000		10,600
Crestline Denali CLO XVII, LLC, Series 2018-1, Class C, (3-month USD-LIBOR + 2.35%) 7.142% 10/15/2031^1,3,5		1,000		967
Discover Card Execution Note Trust, Series 2018-A6, Class A6, (1-month USD-LIBOR + 0.39%) 4.978% 3/15/2026^1,3		49,403		49,411
Drive Auto Receivables Trust, Series 2021-3, Class B, 1.11% 5/15/2026¹		9,160		8,981
Drive Auto Receivables Trust, Series 2020-2, Class C, 2.28% 8/17/2026¹		4,036		4,007
DriveTime Auto Owner Trust, Series 2021-1A, Class B, 0.62% 9/15/2025^1,5		675		672
DriveTime Auto Owner Trust, Series 2020-1, Class C, 2.29% 11/17/2025^1,5		3,413		3,404
DriveTime Auto Owner Trust, Series 2020-2A, Class C, 3.28% 3/16/2026^1,5		1,743		1,727
DriveTime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 6/15/2026^1,5		984		960
DriveTime Auto Owner Trust, Series 2022-2A, Class A, 2.88% 6/15/2026^1,5		3,436		3,391
DriveTime Auto Owner Trust, Series 2022-3, Class A, 6.05% 10/15/2026^1,5		11,765		11,788
DriveTime Auto Owner Trust, Series 2023-1, Class A, 5.48% 4/15/2027^1,5		13,458		13,435
DriveTime Auto Owner Trust, Series 2022-2A, Class C, 4.72% 3/15/2028^1,5		10,000		9,745
DriveTime Auto Owner Trust, Series 2023-1, Class C, 5.55% 10/16/2028^1,5		7,442		7,340
Dryden Senior Loan Fund, CLO, Series 2017-47A, Class A1R, (3-month USD-LIBOR + 0.98%) 5.772% 4/15/2028^1,3,5		52,321		52,013
Dryden Senior Loan Fund, CLO, Series 2013-28, Class A1LR, (3-month USD-LIBOR + 1.20%) 6.064% 8/15/2030^1,3,5		2,122		2,107
Dryden Senior Loan Fund, CLO, Series 2018-57, Class A, (3-month USD-LIBOR + 1.01%) 5.874% 5/15/2031^1,3,5		1,250		1,240
Dryden Senior Loan Fund, CLO, Series 2019-72, Class CR, (3-month USD-LIBOR + 1.85%) 6.714% 5/15/2032^1,3,5		2,086		2,006
Eaton Vance CDO, Ltd., CLO, Series 2019-1, Class AR, (3-month USD-LIBOR + 1.10%) 5.892% 4/15/2031^1,3,5		415		409
EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045^1,5		2,716		2,332
Enterprise Fleet Financing, LLC, Series 2022-1, Class A2, 3.03% 1/20/2028^1,5		13,362		13,035
Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029^1,5		4,662		4,581
Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029^1,5		18,396		18,497
Exeter Automobile Receivables Trust, Series 2022-4A, Class A2, 3.99% 8/15/2024¹		2,756		2,753
Exeter Automobile Receivables Trust, Series 2020-2A, Class C, 3.28% 5/15/2025^1,5		1,301		1,298
Exeter Automobile Receivables Trust, Series 2023-1, Class A2, 5.61% 6/16/2025¹		8,246		8,255
Exeter Automobile Receivables Trust, Series 2021-4A, Class A3, 0.68% 7/15/2025¹		1,351		1,349
Exeter Automobile Receivables Trust, Series 2022-6, Class A2, 5.73% 11/17/2025¹		6,602		6,607
Exeter Automobile Receivables Trust, Series 2020-2, Class D, 4.73% 4/15/2026^1,5		2,525		2,506
Exeter Automobile Receivables Trust, Series 2023-1, Class A3, 5.58% 4/15/2026¹		1,219		1,220
Exeter Automobile Receivables Trust, Series 2021-2, Class C, 0.98% 6/15/2026¹		1,200		1,162
Exeter Automobile Receivables Trust, Series 2022-4A, Class B, 4.57% 1/15/2027¹		13,665		13,453
Exeter Automobile Receivables Trust, Series 2023-1, Class B, 5.72% 4/15/2027¹		8,628		8,623
Exeter Automobile Receivables Trust, Series 2022-6, Class B, 6.03% 8/16/2027¹		5,806		5,827
Exeter Automobile Receivables Trust, Series 2023-1, Class D, 6.69% 6/15/2029¹		2,286		2,281
First Investors Auto Owner Trust, Series 2021-1A, Class A, 0.45% 3/16/2026^1,5		526		522
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037^1,5		20,319		18,136
FirstKey Homes Trust, Series 2020-SFR2, Class B, 1.567% 10/19/2037^1,5		2,090		1,870
FirstKey Homes Trust, Series 2020-SFR2, Class D, 1.968% 10/19/2037^1,5		200		179
FirstKey Homes Trust, Series 2021-SFR3, Class A, 2.135% 12/17/2038^1,5		4,111		3,642
Flagship Credit Auto Trust, Series 2022-4, Class A2, 6.15% 9/15/2026^1,5		23,560		23,678
Ford Credit Auto Lease Trust, Series 2023-A, Class A2A, 5.19% 6/15/2025¹		3,721		3,716
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 7/15/2031^1,5		1,710		1,644
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 8/15/2031^1,5		8,524		7,997
Ford Credit Auto Owner Trust, Series 2021-1, Class A, 1.37% 10/17/2033^1,5		6,591		5,854
Ford Credit Auto Owner Trust, Series 2023-1, Class A, 4.85% 8/15/2035^1,5		12,653		12,535
Fortress Credit BSL, Ltd., CLO, Series 2023-1, Class AT, (3-month USD CME Term SOFR + 2.25%) 7.003% 4/23/2036^1,3,5		2,000		2,000

30	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Fortress Credit BSL, Ltd., CLO, Series 2023-1, Class B1, (3-month USD CME Term SOFR + 3.00%) 7.753% 4/23/2036^1,3,5	USD	984	$	984
Galaxy CLO, Ltd., Series 2013-15, Class ARR, (3-month USD-LIBOR + 0.97%) 5.762% 10/15/2030^1,3,5		1,973		1,959
Galaxy CLO, Ltd., Series 2015-21, Class AR, (3-month USD-LIBOR + 1.02%) 5.828% 4/20/2031^1,3,5		1,500		1,488
Galaxy CLO, Ltd., Series 2015-21, Class BR, (3-month USD-LIBOR + 1.35%) 6.158% 4/20/2031^1,3,5		530		520
GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045^1,5		9,283		8,229
GCI Funding I, LLC, Series 2020-1, Class B, 3.81% 10/18/2045^1,5		1,273		1,141
GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046^1,5		7,334		6,293
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/2039^1,5		5,145		4,825
Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040^1,5		12,810		11,478
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040^1,5		14,354		12,801
Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041^1,5		35,205		30,528
Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041^1,5		15,689		13,671
GM Financial Automobile Leasing Trust, Series 2023-1, Class A3, 5.16% 4/20/2026¹		8,002		8,007
GM Financial Consumer Automobile Receivables Trust, Series 2020-2, Class A3, 1.49% 12/16/2024¹		424		419
GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class A2A, 5.19% 3/16/2026¹		3,750		3,746
GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035^1,5		6,487		6,713
GoldenTree Loan Management US CLO, Ltd., Series 2017-2, Class AR, (3-month USD-LIBOR + 0.91%) 5.718% 11/20/2030^1,3,5		1,310		1,300
Greywolf CLO, Ltd., Series 2015-1, Class BR, (3-month USD-LIBOR + 2.00%) 6.818% 1/27/2031^1,3,5		1,800		1,724
Guggenheim CLO, Ltd., Series 2022-2, Class C, (3-month USD CME Term SOFR + 4.50%) 9.141% 1/15/2035^1,3,5		882		881
Guggenheim CLO, Ltd., Series 2022-2, Class D, (3-month USD CME Term SOFR + 5.95%) 10.591% 1/15/2035^1,3,5		1,000		975
Halcyon Loan Advisors Funding, Ltd., Series 2018-2, Class C, (3-month USD-LIBOR + 3.40%) 8.215% 1/22/2031^1,3,5		286		260
Hayfin Kingsland VIII, Ltd., Series 2018-8, Class A, (3-month USD-LIBOR + 1.12%) 5.928% 4/20/2031^1,3,5		2,000		1,986
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class A, 1.21% 12/26/2025^1,5		49,301		45,782
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class B, 1.56% 12/26/2025^1,5		3,904		3,619
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class C, 2.05% 12/26/2025^1,5		1,077		993
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class A, 1.99% 6/25/2026^1,5		28,105		26,023
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class B, 2.19% 6/25/2026^1,5		2,450		2,248
Hertz Vehicle Financing III, LLC, Series 2022-4A, Class A, 3.73% 9/25/2026^1,5		14,390		13,766
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027^1,5		52,056		45,414
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027^1,5		1,580		1,381
Hertz Vehicle Financing III, LLC, Series 2023-2, Class A, 5.57% 9/25/2029^1,5		14,882		14,861
Honda Auto Receivables Owner Trust, Series 2023-1, Class A2, 5.22% 10/21/2025¹		11,232		11,226
Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027¹		6,560		6,552
Hyundai Auto Lease Securitization Trust, Series 2023-A, Class A3, 5.05% 1/15/2026^1,5		10,006		9,965
ICG US CLO, Ltd., Series 2014-2, Class ARR, (3-month USD-LIBOR + 1.03%) 5.822% 1/15/2031^1,3,5		400		397
KKR Financial CLO, Ltd., Series 11, Class AR, (3-month USD-LIBOR + 1.18%) 5.972% 1/15/2031^1,3,5		400		398
KKR Financial CLO, Ltd., Series 28, Class A, (3-month USD-LIBOR + 1.14%) 5.909% 3/15/2031^1,3,5		1,250		1,243
KKR Financial CLO, Ltd., Series 21, Class A, (3-month USD-LIBOR + 1.00%) 5.792% 4/15/2031^1,3,5		1,557		1,545
KKR Financial CLO, Ltd., Series 21, Class B, (3-month USD-LIBOR + 1.40%) 6.192% 4/15/2031^1,3,5		800		779
KKR Financial CLO, Ltd., Series 22-2, Class C, (3-month USD CME Term SOFR + 4.25%) 8.768% 10/20/2031^1,3,5		1,000		1,000
KKR Financial CLO, Ltd., Series 32, Class A1, (3-month USD-LIBOR + 1.32%) 6.112% 1/15/2032^1,3,5		2,500		2,491
KKR Financial CLO, Ltd., Series 22-43, Class D, (3-month USD CME Term SOFR + 6.12%) 10.435% 7/15/2034^1,3,5		1,570		1,556
KKR Financial CLO, Ltd., Series 16, Class A12R, (3-month USD-LIBOR + 1.21%) 6.018% 10/20/2034^1,3,5		1,000		984
LAD Auto Receivables Trust, Series 2021-1A, Class A, 1.30% 8/17/2026^1,5		9,694		9,419
LAD Auto Receivables Trust, Series 2023-1, Class A2, 5.68% 10/15/2026^1,5		10,480		10,479
LAD Auto Receivables Trust, Series 2021-1A, Class B, 1.94% 11/16/2026^1,5		1,600		1,495

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
LAD Auto Receivables Trust, Series 2022-1, Class A, 5.21% 6/15/2027^1,5	USD	16,712	$	16,588
LAD Auto Receivables Trust, Series 2023-1, Class A3, 5.48% 6/15/2027^1,5		2,602		2,591
LAD Auto Receivables Trust, Series 2022-1, Class B, 5.87% 9/15/2027^1,5		1,759		1,737
LAD Auto Receivables Trust, Series 2023-1, Class C, 6.18% 12/15/2027^1,5		656		653
LAD Auto Receivables Trust, Series 2023-1, Class D, 7.30% 6/17/2030^1,5		1,040		1,033
Longfellow Place CLO, Ltd., Series 2013-1A, Class AR3, (3-month USD-LIBOR + 1.00%) 5.792% 4/15/2029^1,3,5		6,141		6,129
Madison Park Funding, Ltd., CLO, Series 2018-30, Class A, (3-month USD-LIBOR + 0.75%) 5.542% 4/15/2029^1,3,5		477		472
Madison Park Funding, Ltd., CLO, Series 2013-11, Class AR2, (3-month USD-LIBOR + 0.90%) 5.718% 7/23/2029^1,3,5		475		470
Madison Park Funding, Ltd., CLO, Series 2015-17A, Class AR2, (3-month USD-LIBOR + 1.00%) 5.815% 7/21/2030^1,3,5		47,221		46,691
Madison Park Funding, Ltd., CLO, Series 2017-23A, Class AR, (3-month USD-LIBOR + 0.97%) 5.785% 7/27/2031^1,3,5		791		785
Madison Park Funding, Ltd., CLO, Series 2019-34, Class BR, (3-month USD-LIBOR + 1.65%) 6.468% 4/25/2032^1,3,5		800		789
Marathon CLO, Ltd., Series 2017-9A, Class A1AR, (3-month USD-LIBOR + 1.15%) 5.942% 4/15/2029^1,3,5		24,871		24,704
Marathon Static CLO, Ltd., Series 2022-18A, Class A1, (3-month USD-LIBOR + 2.22%) 6.859% 7/20/2030^1,3,5		8,068		8,067
Marble Point CLO XI, Ltd., Series 2017-2, Class A, (3-month USD-LIBOR + 1.18%) 5.972% 12/18/2030^1,3,5		1,200		1,189
Mercedes-Benz Auto Receivables Trust, Series 2023-1, Class A2, 5.09% 1/15/2026¹		3,804		3,796
MidOcean Credit CLO, Series 2018-9, Class D, (3-month USD-LIBOR + 3.30%) 8.108% 7/20/2031^1,3,5		1,500		1,320
MidOcean Credit CLO, Series 2016-6, Class ARR, (3-month USD-LIBOR + 1.07%) 5.878% 4/20/2033^1,3,5		2,500		2,452
Mission Lane Credit Card Master Trust, Series 2021-A, Class A, 1.59% 9/15/2026^1,5		19,148		18,739
Mission Lane Credit Card Master Trust, Series 2021-A, Class B, 2.24% 9/15/2026^1,5		2,195		2,148
Mission Lane Credit Card Master Trust, Series 2022-A, Class A, 6.92% 9/15/2027^1,5		14,466		14,132
Mountain View Funding, Series 2017-1, Class AR, CLO, 5.882% 10/16/2029^1,3,5		632		624
MP CLO III, Ltd., Series 2013-1, Class AR, (3-month USD-LIBOR + 1.25%) 6.058% 10/20/2030^1,3,5		519		513
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069^1,5		6,437		5,589
Navient Student Loan Trust, Series 2021-B, Class A, 0.94% 7/15/2069^1,5		10,537		9,101
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 10/15/2069^1,5		27,776		24,108
Navient Student Loan Trust, Series 2021-EA, Class A, 0.97% 12/16/2069^1,5		25,073		21,127
Navient Student Loan Trust, Series 2021-FA, Class A, 1.11% 2/18/2070^1,5		9,315		7,917
Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070^1,5		30,994		26,905
Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046^1,5		14,350		12,343
Nelnet Student Loan Trust, Series 2021-C, Class AFX, 1.32% 4/20/2062^1,5		28,562		25,553
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062^1,5		33,570		30,080
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062^1,5		85,989		76,876
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD-LIBOR + 0.74%) 5.338% 4/20/2062^1,3,5		21,652		21,304
Neuberger Berman CLO, Ltd., Series 2014-17, Class CR2, (3-month USD-LIBOR + 2.00%) 6.815% 4/22/2029^1,3,5		400		387
Neuberger Berman CLO, Ltd., Series 2017-25, Class AR, (3-month USD-LIBOR + 0.93%) 5.725% 10/18/2029^1,3,5		300		298
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061^1,5		187,943		161,226
Newark BSL CLO 1, Ltd., Series 2016-1, Class BR, (3-month USD-LIBOR + 2.00%) 6.931% 12/21/2029^1,3,5		1,100		1,081
Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD-LIBOR + 0.97%) 5.788% 7/25/2030^1,3,5		10,137		10,063
Northwoods Capital, Ltd., Series 18-11B, Class A1, (3-month USD-LIBOR + 1.10%) 5.898% 4/19/2031^1,3,5		394		390
Northwoods Capital, Ltd., Series 2018-17, Class D, (3-month USD-LIBOR + 2.85%) 7.665% 4/22/2031^1,3,5		662		571
Oaktree CLO, Ltd., Series 2018-1, Class A2, (3-month USD-LIBOR + 1.85%) 6.658% 10/20/2030^1,3,5		500		485
Ocean Trails CLO, Series 2023-14, Class A1, (3-month USD CME Term SOFR + 2.00%) 6.89% 1/20/2035^1,3,5		4,000		4,003
Ocean Trails CLO, Series 2023-14, Class B1, (3-month USD CME Term SOFR + 2.75%) 7.64% 1/20/2035^1,3,5		1,250		1,252

32	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Octagon Investment Partners 32, Ltd., CLO, Series 2017-1, Class A1R, (3-month USD-LIBOR + 0.95%) 5.742% 7/15/2029^1,3,5	USD	240	$	238
Octagon Investment Partners XVII, Ltd., CLO, Series 2013-1, Class CR2, (3-month USD-LIBOR + 1.70%) 6.518% 1/25/2031^1,3,5		800		746
Octagon Investment Partners, Ltd., CLO, Series 2018-18X, Class A1A, (3-month USD-LIBOR + 0.96%) 5.752% 4/16/2031^1,3,9		1,500		1,491
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class A, 1.59% 5/17/2027^1,5		26,219		24,407
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class B, 2.28% 5/17/2027^1,5		816		734
Oportun Funding, LLC, Series 2021-A, Class A, 1.21% 3/8/2028^1,5		20,600		19,401
Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031^1,5		18,732		16,784
Oportun Funding, LLC, Series 2021-B, Class B, 1.96% 5/8/2031^1,5		2,000		1,783
Option One Mortgage Loan Trust, Series 2007-FXD2, Class IIA6, 5.68% 3/25/2037¹		260		245
Option One Mortgage Loan Trust, Series 2007-FXD2, Class IIA3, 5.715% 3/25/2037¹		1,708		1,609
Palmer Square Loan Funding, CLO, Series 2020-4, Class A1, (3-month USD-LIBOR + 1.00%) 5.958% 11/25/2028^1,3,5		15,006		14,962
Palmer Square Loan Funding, CLO, Series 2021-1, Class A1, (3-month USD-LIBOR + 0.90%) 5.708% 4/20/2029^1,3,5		8,414		8,355
Palmer Square Loan Funding, CLO, Series 2021-2A, Class A2, (3-month USD-LIBOR + 1.25%) 6.165% 5/20/2029^1,3,5		6,000		5,917
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A1, (3-month USD-LIBOR + 0.80%) 5.592% 10/15/2029^1,3,5		17,768		17,594
Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2, (3-month USD-LIBOR + 1.40%) 6.192% 10/15/2029^1,3,5		8,556		8,372
Palmer Square Loan Funding, CLO, Series 2022-1A, Class A1, (3-month USD CME Term SOFR + 1.05%) 5.682% 4/15/2030^1,3,5		10,556		10,474
Palmer Square Loan Funding, CLO, Series 2022-5, Class A1, (3-month USD CME Term SOFR + 1.56%) 6.218% 1/15/2031^1,3,5		21,219		21,204
Palmer Square Loan Funding, CLO, Series 2022-3, Class A1A, (3-month USD CME Term SOFR + 1.82%) 5.825% 4/15/2031^1,3,5		24,000		24,027
Palmer Square Loan Funding, CLO, Series 2022-3, Class B, (3-month USD CME Term SOFR + 3.75%) 7.755% 4/15/2031^1,3,5		6,000		5,999
Palmer Square Loan Funding, CLO, Series 2022-4, Class A1, (3-month USD-CME Term SOFR + 1.75%) 6.432% 7/24/2031^1,3,5		11,429		11,437
Palmer Square Loan Funding, CLO, Series 2022-4, Class A2, (3-month USD CME Term SOFR + 2.35%) 7.032% 7/24/2031^1,3,5		7,111		7,111
Palmer Square, Ltd., Series 2013-2A, Class A1A3, (3-month USD-LIBOR + 1.00%) 5.792% 10/17/2031^1,3,5		2,200		2,179
PFS Financing Corp., Series 2022-D, Class A, 4.27% 8/16/2027^1,5		8,182		7,975
PG&E Wildfire Recovery Funding, LLC, Series 2022-A, Class A2, 4.263% 6/1/2036¹		3,145		2,918
PPM CLO, Ltd., Series 2022-6, Class A, (3-month USD CME Term SOFR + 2.45%) 7.025% 1/20/2031^1,3,5		17,905		17,931
PPM CLO, Ltd., Series 2022-6, Class B, (3-month USD CME Term SOFR + 3.60%) 8.175% 1/20/2031^1,3,5		3,733		3,726
PPM CLO, Ltd., Series 2022-6, Class C, (3-month USD CME Term SOFR + 4.50%) 9.075% 1/20/2031^1,3,5		2,000		1,993
Prodigy Finance DAC, Series 2021-1A, Class A, (1-month USD-LIBOR + 1.25%) 5.867% 7/25/2051^1,3,5		3,377		3,303
Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD-LIBOR + 0.94%) 5.732% 10/15/2030^1,3,5		32,274		31,964
Research-Driven Pagaya Motor Asset Trust I, Series 2022-3, Class A, 5.38% 11/25/2030^1,5		23,534		22,941
Rockford Tower CLO, Ltd., Series 2017-3, Class A, (3-month USD-LIBOR + 1.19%) 5.998% 10/20/2030^1,3,5		1,600		1,591
RRAM, CLO, Series 2018-3, Class A1R2, (3-month USD-LIBOR + 1.09%) 5.882% 1/15/2030^1,3,5		4,870		4,840
RRAM, CLO, Series 2018-3, Class A2R2, (3-month USD-LIBOR + 1.40%) 6.192% 1/15/2030^1,3,5		700		688
RRAM, CLO, Series 2022-24, Class A1, (3-month USD CME Term SOFR + 2.40%) 7.058% 1/15/2032^1,3,5		4,934		4,947
Santander Drive Auto Receivables Trust, Series 2022-5, Class A2, 3.98% 1/15/2025¹		9,292		9,263
Santander Drive Auto Receivables Trust, Series 2020-2, Class C, 1.46% 9/15/2025¹		485		485
Santander Drive Auto Receivables Trust, Series 2022-7, Class A2, 5.81% 1/15/2026¹		15,496		15,526
Santander Drive Auto Receivables Trust, Series 2023-1, Class A2, 5.36% 5/15/2026¹		13,080		13,058
Santander Drive Auto Receivables Trust, Series 2022-5, Class A3, 4.11% 8/17/2026¹		20,390		20,146
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 11/16/2026¹		7,500		7,256
Santander Drive Auto Receivables Trust, Series 2022-6, Class A3, 4.49% 11/16/2026¹		7,545		7,460
Santander Drive Auto Receivables Trust, Series 2022-5, Class B, 4.43% 3/15/2027¹		5,592		5,474

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Santander Drive Auto Receivables Trust, Series 2022-7, Class A3, 5.75% 4/15/2027¹	USD	4,345	$	4,380
Santander Drive Auto Receivables Trust, Series 2022-6, Class B, 4.72% 6/15/2027¹		9,971		9,792
Santander Drive Auto Receivables Trust, Series 2022-4, Class B, 4.42% 11/15/2027¹		10,100		9,900
Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028¹		2,072		2,092
Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/2028¹		11,750		11,586
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/15/2028¹		1,595		1,559
Santander Drive Auto Receivables Trust, Series 2022-6, Class C, 4.96% 11/15/2028¹		9,733		9,538
Santander Drive Auto Receivables Trust, Series 2023-1, Class C, 5.09% 5/15/2030¹		12,380		12,144
Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031¹		1,162		1,197
Shackleton CLO, Ltd., Series 2014-5R, Class A, (3-month USD-LIBOR + 1.10%) 5.934% 5/7/2031^1,3,5		3,000		2,954
Signal Peak CLO, LLC, Series 2015-1, (3-month USD-LIBOR + 0.98%) 5.788% 4/20/2029^1,3,5		873		866
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053^1,5		7,733		6,638
SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046^1,5		6,819		5,808
Sound Point CLO, Ltd., Series 2015-1RA, Class AR, (3-month USD-LIBOR + 1.08%) 5.872% 4/15/2030^1,3,5		14,151		14,050
Sound Point CLO, Ltd., Series 2013-3R, Class A, (3-month USD-LIBOR + 1.15%) 5.945% 4/18/2031^1,3,5		400		394
Sound Point CLO, Ltd., Series 2013-3R, Class C, (3-month USD-LIBOR + 2.25%) 7.045% 4/18/2031^1,3,5		800		742
Sound Point CLO, Ltd., Series 2014-1R, Class A, (3-month USD-LIBOR + 1.15%) 5.945% 7/18/2031^1,3,5		7,500		7,381
SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046^1,5		11,968		10,653
Steele Creek CLO, Ltd., Series 2017-1, Class A, (3-month USD-LIBOR + 1.25%) 6.042% 10/15/2030^1,3,5		708		700
Steele Creek CLO, Ltd., Series 2014-1RA, Class A, (3-month USD-LIBOR + 1.07%) 5.885% 4/21/2031^1,3,5		711		703
Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041^1,5		11,117		9,640
Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033^1,5		4,844		4,425
Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/2033^1,5		1,167		1,036
Stratus Static CLO, Ltd., Series 2021-2, Class A, (3-month USD-LIBOR + 0.90%) 5.708% 12/28/2029^1,3,5		854		846
Stratus Static CLO, Ltd., Series 2022-2, Class A, (3-month USD CME Term SOFR + 1.90%) 6.539% 7/20/2030^1,3,5		8,886		8,892
Stratus Static CLO, Ltd., Series 2022-3, Class A, (3-month USD CME Term SOFR + 2.15%) 6.348% 10/20/2031^1,3,5		22,000		22,008
Stratus Static CLO, Ltd., Series 2022-3, Class C, (3-month USD CME Term SOFR + 4.00%) 8.528% 10/20/2031^1,3,5		2,000		2,004
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075^1,5		27,033		24,596
Symphony Static CLO, Ltd., Series 2021-1, Class A, (3-month USD-LIBOR + 0.83%) 5.648% 10/25/2029^1,3,5		2,518		2,491
Symphony, Ltd., CLO, Series 2014-15A, Class AR3, (3-month USD-LIBOR + 1.08%) 5.872% 1/17/2032^1,3,5		550		543
TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045^1,5		5,014		4,402
TCW CLO, Series 2018-1, Class A1R, (3-month USD-LIBOR + 0.97%) 5.788% 4/25/2031^1,3,5		400		396
Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045^1,5		3,668		3,233
Textainer Marine Containers, Ltd., Series 2020-3A, Class A, 2.11% 9/20/2045^1,5		2,986		2,613
Textainer Marine Containers, Ltd., Series 2021-1A, Class A, 1.68% 2/20/2046^1,5		6,053		5,131
Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046^1,5		25,943		22,449
TICP CLO, Ltd., Series 2018-10, Class B, (3-month USD-LIBOR + 1.47%) 6.278% 4/20/2031^1,3,5		800		785
Toyota Auto Loan Extended Note Trust, Series 2019-1, Class A, 2.56% 11/25/2031^1,5		47,755		46,181
Toyota Auto Receivables Owner Trust, Series 2019-C, Class A4, 1.88% 11/15/2024¹		2,952		2,933
Toyota Auto Receivables Owner Trust, Series 2023-A, Class A3, 4.63% 9/15/2027¹		7,888		7,805
Trinitas CLO, Ltd., Series 2017-7, Class A1R, (3-month USD-LIBOR + 1.20%) 6.018% 1/25/2035^1,3,5		2,000		1,966
Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045^1,5		24,281		20,971
Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/2045^1,5		4,175		3,621
Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046^1,5		5,181		4,383
Venture XVII CLO, Ltd., Series 2014-17, Class ARR, (3-month USD-LIBOR + 0.88%) 5.672% 4/15/2027^1,3,9		1,265		1,258
Verizon Master Trust, Series 2022-7, Class A1A, 5.23% 11/22/2027 (5.98% on 11/20/2024)^1,6		7,000		7,012
Verizon Master Trust, Series 2022-6, Class A, 3.67% 1/22/2029 (4.42% on 8/20/2025)^1,6		8,444		8,183
Verizon Master Trust, Series 2023-1, Class A, 4.49% 1/22/2029 (5.24% on 1/20/2026)^1,6		14,481		14,300

34	Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
Verizon Owner Trust, Series 2020-A, Class A1A, 1.85% 7/22/2024¹	USD	269	$	269
Voya, Ltd., CLO, Series 2015-1, Class A1R, (3-month USD-LIBOR + 0.90%) 5.695% 1/18/2029^1,3,5		310		308
Voya, Ltd., CLO, Series 2013-1, Class BR, (3-month USD-LIBOR + 1.90%) 6.692% 10/15/2030^1,3,5		250		236
Voya, Ltd., CLO, Series 2014-4A, Class A1RA, (3-month USD-LIBOR + 1.10%) 5.892% 7/14/2031^1,3,5		694		687
Voya, Ltd., CLO, Series 2018-2, Class C1, (3-month USD-LIBOR + 1.85%) 6.642% 7/15/2031^1,3,5		300		281
Voya, Ltd., CLO, Series 2016-3, Class A1R, (3-month USD-LIBOR + 1.19%) 5.985% 10/18/2031^1,3,5		250		249
Wellfleet CLO, Ltd., Series 2015-1, Class AR4, (3-month USD-LIBOR + 0.89%) 5.698% 7/20/2029^1,3,5		179		177
Wellfleet CLO, Ltd., Series 2022-1, Class C, (3-month USD CME Term SOFR + 2.85%) 7.508% 4/15/2034^1,3,5		700		683
Westlake Automobile Receivables Trust, Series 2021-3A, Class A2, 0.57% 9/16/2024^1,5		3,470		3,455
Westlake Automobile Receivables Trust, Series 2020-2, Class C, 2.01% 7/15/2025^1,5		3,619		3,594
Westlake Automobile Receivables Trust, Series 2022-3, Class A2, 5.24% 7/15/2025^1,5		20,000		19,953
Westlake Automobile Receivables Trust, Series 2022-2A, Class A2A, 3.36% 8/15/2025^1,5		12,606		12,487
Westlake Automobile Receivables Trust, Series 2021-1, Class C, 0.95% 3/16/2026^1,5		7,435		7,158
Westlake Automobile Receivables Trust, Series 2023-1, Class A2A, 5.51% 6/15/2026^1,5		12,971		12,970
Westlake Automobile Receivables Trust, Series 2022-3, Class C, 5.49% 7/15/2026^1,5		7,200		7,116
Westlake Automobile Receivables Trust, Series 2022-3, Class B, 5.99% 12/15/2027^1,5		16,800		16,737
Westlake Automobile Receivables Trust, Series 2023-1, Class A3, 5.21% 1/18/2028^1,5		5,360		5,324
Westlake Automobile Receivables Trust, Series 2023-1, Class B, 5.41% 1/18/2028^1,5		3,188		3,164
Westlake Automobile Receivables Trust, Series 2023-1, Class C, 5.74% 8/15/2028^1,5		2,883		2,877
Whitehorse CLO, Ltd., Series 2018-12, Class A, (3-month USD-LIBOR + 1.25%) 6.042% 10/15/2031^1,3,5		1,490		1,478
Wind River CLO, Ltd., Series 2018-1, Class B, (3-month USD-LIBOR + 1.65%) 6.442% 7/15/2030^1,3,5		250		247
Wind River CLO, Ltd., Series 2013-2A, Class AR2, (3-month USD-LIBOR + 1.00%) 5.795% 10/18/2030^1,3,5		2,385		2,360
Wind River CLO, Ltd., Series 2014-2, Class AR, (3-month USD-LIBOR + 1.14%) 5.932% 1/15/2031^1,3,5		2,300		2,280
Wind River CLO, Ltd., Series 14-3, Class CR2, (3-month USD-LIBOR + 2.30%) 7.115% 10/22/2031^1,3,5		250		237
				2,985,959

Bonds & notes of governments & government agencies outside the U.S. 3.45%
Alberta (Province of) 1.875% 11/13/2024		20,000		18,943
Asian Development Bank 2.75% 3/17/2023		5,000		4,996
Asian Development Bank 4.125% 9/27/2024		46,018		45,313
Asian Development Bank 0.625% 10/8/2024		20,642		19,253
Asian Development Bank 1.50% 10/18/2024		19,642		18,566
Asian Development Bank 4.25% 1/9/2026		24,855		24,615
Asian Development Bank 2.50% 11/2/2027		5,573		5,141
Asian Development Bank 2.75% 1/19/2028		4		4
Asian Development Bank 3.875% 9/28/2032		2,768		2,719
Caisse d’Amortissement de la Dette Sociale 3.375% 3/20/2024⁵		9,090		8,911
Caisse d’Amortissement de la Dette Sociale 1.125% 11/29/2024⁵		25,000		23,344
Caisse d’Amortissement de la Dette Sociale 0.375% 9/23/2025⁵		20,000		17,897
Caisse d’Amortissement de la Dette Sociale 4.00% 1/25/2026⁵		15,539		15,241
Canada 2.875% 4/28/2025		13,030		12,535
Canada 0.75% 5/19/2026		20,000		17,751
CPPIB Capital, Inc. 0.50% 9/16/2024⁵		6,052		5,631
CPPIB Capital, Inc. (USD-SOFR + 1.25%) 4.55% 3/11/2026^3,5		21,879		22,413
CPPIB Capital, Inc. 0.875% 9/9/2026⁵		12,181		10,685
Development Bank of Japan, Inc. 1.75% 2/18/2025⁵		22,926		21,464
Development Bank of Japan, Inc. 1.25% 10/20/2026⁵		25,316		22,243
Development Bank of Japan, Inc. 1.75% 10/20/2031⁵		4,590		3,698
European Investment Bank 2.25% 6/24/2024		2,215		2,135
European Investment Bank 0.75% 10/26/2026		15,311		13,423
European Investment Bank 0.625% 10/21/2027		2,450		2,080
European Stability Mechanism 0.375% 9/10/2025⁵		8,584		7,709
Inter-American Development Bank 0.50% 9/23/2024		10,000		9,317

Intermediate Bond Fund of America

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Bonds & notes of governments & government agencies outside the U.S. (continued)
Inter-American Development Bank 1.75% 3/14/2025	USD	1,704	$	1,602
Inter-American Development Bank 0.625% 9/16/2027		7,000		5,937
Inter-American Development Bank 1.125% 7/20/2028		1		1
International Bank for Reconstruction and Development 1.625% 1/15/2025		3		3
International Bank for Reconstruction and Development 0.75% 3/11/2025		14,923		13,761
International Bank for Reconstruction and Development 1.625% 11/3/2031		9,716		8,009
International Development Assn. 0.375% 9/23/2025⁵		30,000		26,908
Italy (Republic of) 2.375% 10/17/2024		27,000		25,539
Japan Bank for International Cooperation 0.625% 5/22/2023		14,800		14,649
Japan Bank for International Cooperation 2.50% 5/23/2024		12,280		11,860
Japan Bank for International Cooperation 2.875% 4/14/2025		17,670		16,872
Japan Bank for International Cooperation 4.25% 1/26/2026		9,562		9,399
Japan Bank for International Cooperation 1.875% 4/15/2031		9,834		8,032
KfW 0.375% 7/18/2025		20,670		18,690
Kommunalbanken 0.50% 10/21/2024⁵		14,934		13,855
Kommunalbanken 0.375% 9/11/2025⁵		36,068		32,341
Kommuninvest i Sverige Aktiebolag 0.50% 7/5/2023⁵		18,739		18,452
Kommuninvest i Sverige Aktiebolag 0.25% 8/9/2023⁵		42,515		41,605
Kommuninvest i Sverige Aktiebolag 2.875% 7/3/2024⁵		7,867		7,626
OMERS Finance Trust 3.50% 4/19/2032⁵		4,988		4,540
Ontario Teachers’ Finance Trust 0.875% 9/21/2026⁵		33,960		29,551
Ontario Teachers’ Finance Trust 3.00% 4/13/2027⁵		31,138		29,063
Ontario Teachers’ Finance Trust 2.00% 4/16/2031⁵		5,070		4,183
Poland (Republic of) 3.00% 3/17/2023		5,000		4,997
Poland (Republic of) 4.00% 1/22/2024		4,607		4,554
Poland (Republic of) 3.25% 4/6/2026		472		449
Portuguese Republic 5.125% 10/15/2024		24,000		23,965
PSP Capital, Inc. 1.625% 10/26/2028⁵		22,052		18,807
Qatar (State of) 3.875% 4/23/2023⁵		11,737		11,714
Qatar (State of) 3.375% 3/14/2024⁵		9,928		9,740
Quebec (Province of) 0.60% 7/23/2025		46,321		41,977
Saskatchewan (Province of) 3.25% 6/8/2027		24,305		23,052
Swedish Export Credit Corp. 3.625% 9/3/2024		22,643		22,106
				859,866

Federal agency bonds & notes 0.34%
Fannie Mae 0.25% 5/22/2023		3,995		3,955
Fannie Mae 0.75% 10/8/2027⁷		10,000		8,565
Fannie Mae 0.875% 8/5/2030⁷		33,662		26,570
Federal Farm Credit Banks 1.125% 1/6/2025		4,181		3,906
Federal Farm Credit Banks 1.75% 2/14/2025		24,055		22,672
Federal Farm Credit Banks 1.60% 7/13/2033		2,926		2,248
Freddie Mac 0.25% 6/26/2023⁷		9,687		9,547
Freddie Mac 0.25% 9/8/2023		6,250		6,097
				83,560

Municipals 0.16%
California 0.04%
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-A-1, 2.532% 6/1/2028		11,085		9,647

Florida 0.07%
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.258% 7/1/2025		11,385		10,439
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 1.705% 7/1/2027		3,785		3,323
Board of Administration Fin. Corp., Rev. Bonds, Series 2020-A, 2.154% 7/1/2030		3,805		3,120
				16,882

New York 0.05%
Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2021-C, 1.748% 3/15/2028		15,255		13,167

Total municipals				39,696

Total bonds, notes & other debt instruments (cost: $24,842,694,000)				23,764,330

36	Intermediate Bond Fund of America

Preferred securities 0.01%

Value
(000)

Financials 0.01%

CoBank, ACB, Class E, 5.99% noncumulative preferred shares^3,5

4,000

3,208

Total preferred securities (cost: $3,985,000)

3,208

Short-term securities 15.30%

Money market investments 14.72%

Capital Group Central Cash Fund 4.66%^10,11

36,656,680

3,665,668

Weighted
average yield
at acquisition

Principal amount
(000)

U.S. Treasury bills 0.58%

U.S. Treasury 11/2/2023

4.530

USD

150,000

145,195

Total short-term securities (cost: $3,810,415,000)

3,810,863

Total investment securities 110.71% (cost: $28,657,094,000)

27,578,401

Other assets less liabilities (10.71)%

(2,667,197

)

Net assets 100.00%

24,911,204

Futures contracts

Contracts	Type	Number of contracts	Expiration	Notional amount (000)			Value and unrealized appreciation (depreciation) at 2/28/2023 (000)
30 Day Federal Funds Futures	Long	5,482	May 2023		USD2,172,987		$	9
30 Day Federal Funds Futures	Long	15,585	June 2023		6,162,412			(4,772	)
2 Year U.S. Treasury Note Futures	Long	14,766	June 2023		3,008,227			(7,792	)
5 Year U.S. Treasury Note Futures	Long	52,881	June 2023		5,661,159			(15,102	)
10 Year U.S. Treasury Note Futures	Long	19,807	June 2023		2,211,575			(4,629	)
10 Year Ultra U.S. Treasury Note Futures	Short	19,195	June 2023		(2,249,414	)		231
20 Year U.S. Treasury Bond Futures	Short	2,480	June 2023		(310,542	)		1,423
30 Year Ultra U.S. Treasury Bond Futures	Short	660	June 2023		(89,141	)		139
							$	(30,493	)

Swap contracts

Interest rate swaps

Centrally cleared interest rate swaps

Receive		Pay		Expiration date	Notional amount (000)		Value at 2/28/2023 (000)			Upfront premium paid (received) (000)		Unrealized appreciation (depreciation) at 2/28/2023 (000)
Rate	Payment frequency	Rate	Payment frequency	Expiration date	Notional amount (000)		Value at 2/28/2023 (000)			Upfront premium paid (received) (000)		Unrealized appreciation (depreciation) at 2/28/2023 (000)
U.S. Urban CPI	At maturity	6.18962%	At maturity	4/1/2023	USD	17,600	$	39		$	—	$	39
4.8585%	Annual	U.S. EFFR	Annual	1/12/2024		257,552		(1,070	)		—		(1,070	)
4.8674%	Annual	U.S. EFFR	Annual	1/12/2024		377,348		(1,539	)		—		(1,539	)
4.8615%	Annual	U.S. EFFR	Annual	1/12/2024		515,100		(2,126	)		—		(2,126	)
3.497%	Annual	U.S. EFFR	Annual	6/16/2024		231,800		(5,114	)		—		(5,114	)
3.52647%	Annual	U.S. EFFR	Annual	6/16/2024		480,632		(10,430	)		—		(10,430	)
3.5291%	Annual	U.S. EFFR	Annual	6/16/2024		519,368		(11,254	)		—		(11,254	)
3.4585%	Annual	U.S. EFFR	Annual	6/17/2024		35,882		(809	)		—		(809	)
3.4325%	Annual	U.S. EFFR	Annual	6/17/2024		170,100		(3,889	)		—		(3,889	)
4.5645%	Annual	U.S. EFFR	Annual	10/19/2024		302,300		(2,574	)		—		(2,574	)
4.533%	Annual	U.S. EFFR	Annual	10/20/2024		378,100		(3,403	)		—		(3,403	)
4.56%	Annual	U.S. EFFR	Annual	10/27/2024		378,600		(3,221	)		—		(3,221	)

Intermediate Bond Fund of America

Swap contracts (continued)

Interest rate swaps (continued)

Centrally cleared interest rate swaps (continued)

Receive		Pay			Notional amount (000)		Value at 2/28/2023 (000)			Upfront premium paid (received) (000)			Unrealized appreciation (depreciation) at 2/28/2023 (000)
Rate	Payment frequency	Rate	Payment frequency	Expiration date	Notional amount (000)		Value at 2/28/2023 (000)			Upfront premium paid (received) (000)
4.5245%	Annual	U.S. EFFR	Annual	10/27/2024		USD454,300	$	(4,118	)	$	—		$	(4,118	)
4.1645%	Annual	SOFR	Annual	1/24/2025		4,928		(71	)		—			(71	)
4.18306%	Annual	SOFR	Annual	1/24/2025		280,653		(3,948	)		—			(3,948	)
4.16253%	Annual	SOFR	Annual	1/24/2025		304,709		(4,399	)		—			(4,399	)
3.865%	Annual	SOFR	Annual	4/18/2025		37,120		(674	)		—			(674	)
3.8895%	Annual	SOFR	Annual	5/1/2025		92,400		(1,592	)		—			(1,592	)
3.8865%	Annual	SOFR	Annual	5/2/2025		37,020		(638	)		—			(638	)
3.87%	Annual	SOFR	Annual	5/24/2025		37,170		(618	)		—			(618	)
3.8563%	Annual	SOFR	Annual	1/12/2026		126,000		(2,182	)		—			(2,182	)
4.265%	Annual	SOFR	Annual	2/16/2026		13,503		(76	)		—			(76	)
4.27%	Annual	SOFR	Annual	2/16/2026		27,209		(149	)		—			(149	)
4.3005%	Annual	SOFR	Annual	2/17/2026		84,515		(391	)		—			(391	)
4.288%	Annual	SOFR	Annual	2/17/2026		85,856		(427	)		—			(427	)
4.3035%	Annual	SOFR	Annual	2/17/2026		121,870		(554	)		—			(554	)
4.2675%	Annual	SOFR	Annual	2/17/2026		117,645		(651	)		—			(651	)
4.2515%	Annual	SOFR	Annual	2/17/2026		120,687		(721	)		—			(721	)
SOFR	Annual	3.189%	Annual	5/1/2028		38,600		1,260			—			1,260
SOFR	Annual	3.1795%	Annual	5/2/2028		15,410		509			—			509
SOFR	Annual	3.2903%	Annual	1/12/2033		42,100		1,234			—			1,234
SOFR	Annual	3.2015%	Annual	1/19/2033		65,821		2,406			—			2,406
SOFR	Annual	3.1205%	Annual	1/20/2033		65,834		2,843			—			2,843
SOFR	Annual	3.16653%	Annual	1/24/2033		67,942		2,679			—			2,679
SOFR	Annual	3.18606%	Annual	1/24/2033		62,818		2,377			—			2,377
SOFR	Annual	3.04%	Annual	4/18/2033		8,385		402			—			402
SOFR	Annual	3.075%	Annual	5/24/2033		8,380		363			—			363
3-month USD-LIBOR	Quarterly	0.81%	Semi-annual	7/28/2045		328,100		145,767			(194	)		145,961
3-month USD-LIBOR	Quarterly	0.811%	Semi-annual	7/27/2050		8,300		4,037			—			4,037
							$	97,278		$	(194	)	$	97,472

Credit default swaps

Centrally cleared credit default swaps on credit indices — buy protection

Reference index		Financing rate paid		Payment frequency		Expiration date		Notional amount (000)					Value at 2/28/2023 (000)					Upfront premium received (000)					Unrealized depreciation at 2/28/2023 (000)
CDX.NA.IG.39		1.00%		Quarterly		12/20/2027		USD	520,616				$	(5,226	)			$	(377	)			$	(4,849	)

Investments in affiliates¹¹

	Value of affiliate at 9/1/2022 (000)		Additions (000)		Reductions (000)		Net realized gain (000)		Net unrealized appreciation (000)		Value of affiliate at 2/28/2023 (000)		Dividend income (000)
Short-term securities 14.72%
Money market investments 14.72%
Capital Group Central Cash Fund 4.66%¹⁰	$	5,542,019	$	5,215,459	$	7,092,930	$	440	$	680	$	3,665,668	$	83,903

38	Intermediate Bond Fund of America

Restricted securities⁹

	Acquisition date	Cost (000)		Value (000)		Percent of net assets
Octagon Investment Partners, Ltd., CLO, Series 2018-18X, Class A1A, (3-month USD-LIBOR + 0.96%) 5.752% 4/16/2031^1,3	10/28/2022	$	1,464	$	1,491		.01	%
Venture XVII CLO, Ltd., Series 2014-17, Class ARR, (3-month USD-LIBOR + 0.88%) 5.672% 4/15/2027^1,3	10/4/2022		1,248		1,258		.00
Total		$	2,712	$	2,749		.01	%

¹	Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
²	Amount less than one thousand.
³	Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available.
⁴	Purchased on a TBA basis.
⁵	Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $5,511,028,000, which represented 22.12% of the net assets of the fund.
⁶	Step bond; coupon rate may change at a later date.
⁷	All or a portion of this security was pledged as collateral. The total value of pledged collateral was $192,075,000, which represented .77% of the net assets of the fund.
⁸	Index-linked bond whose principal amount moves with a government price index.
⁹	Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $2,749,000, which represented .01% of the net assets of the fund.
¹⁰	Rate represents the seven-day yield at 2/28/2023.
¹¹	Part of the same “group of investment companies” as the fund as defined under the Investment Company Act of 1940, as amended.

Key to abbreviations

Assn. = Association

Auth. = Authority

CLO = Collateralized Loan Obligations

CME = CME Group

CMO = Collateralized Mortgage Obligations

CPI = Consumer Price Index

DAC = Designated Activity Company

EFFR = Effective Federal Funds Rate

Fin. = Finance

LIBOR = London Interbank Offered Rate

Rev. = Revenue

SOFR = Secured Overnight Financing Rate

TBA = To be announced

USD = U.S. dollars

Refer to the notes to financial statements.

Intermediate Bond Fund of America

Financial statements

Statement of assets and liabilities	unaudited
at February 28, 2023	(dollars in thousands)

Assets:
Investment securities, at value:
Unaffiliated issuers (cost: $24,992,023)	$	23,912,733
Affiliated issuers (cost: $3,665,071)		3,665,668	$	27,578,401
Cash				12,573
Receivables for:
Sales of investments		2,341,634
Sales of fund’s shares		48,474
Dividends and interest		108,874
Variation margin on futures contracts		1,547
Variation margin on centrally cleared swap contracts		1,467		2,501,996
				30,092,970
Liabilities:
Payables for:
Purchases of investments		5,128,116
Repurchases of fund’s shares		42,063
Dividends on fund’s shares		678
Investment advisory services		3,903
Services provided by related parties		2,753
Trustees’ deferred compensation		398
Variation margin on futures contracts		2,683
Variation margin on centrally cleared swap contracts		1,104
Other		68		5,181,766
Net assets at February 28, 2023			$	24,911,204

Net assets consist of:
Capital paid in on shares of beneficial interest			$	27,716,556
Total accumulated loss				(2,805,352	)
Net assets at February 28, 2023			$	24,911,204

(dollars and shares in thousands, except per-share amounts)

Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (2,010,998 total shares outstanding)

	Net assets		Shares outstanding		Net asset value per share
Class A	$	8,956,174		722,952	$	12.39
Class C		32,787		2,652		12.36
Class T		9		1		12.38
Class F-1		140,419		11,334		12.39
Class F-2		2,371,084		191,399		12.39
Class F-3		1,461,333		118,007		12.38
Class 529-A		402,722		32,508		12.39
Class 529-C		5,332		431		12.36
Class 529-E		12,109		977		12.39
Class 529-T		11		1		12.38
Class 529-F-1		9		1		12.38
Class 529-F-2		101,799		8,216		12.39
Class 529-F-3		9		1		12.39
Class R-1		4,218		341		12.36
Class R-2		74,241		6,005		12.36
Class R-2E		7,159		579		12.37
Class R-3		115,169		9,297		12.39
Class R-4		99,780		8,054		12.39
Class R-5E		11,804		953		12.39
Class R-5		27,060		2,184		12.39
Class R-6		11,087,976		895,105		12.39

Refer to the notes to financial statements.

40	Intermediate Bond Fund of America

Financial statements (continued)

Statement of operations	unaudited
for the six months ended February 28, 2023		(dollars in thousands)

Investment income:
Income:
Interest from unaffiliated issuers	$	251,225
Dividends (includes $83,903 from affiliates)		83,991		$	335,216
*Fees and expenses:**
Investment advisory services		25,070
Distribution services		13,144
Transfer agent services		7,355
Administrative services		3,741
529 plan services		162
Reports to shareholders		368
Registration statement and prospectus		329
Trustees’ compensation		58
Auditing and legal		156
Custodian		29
Other		33			50,445
Net investment income					284,771

Net realized loss and unrealized appreciation:
Net realized (loss) gain on:
Investments:
Unaffiliated issuers		(687,143	)
Affiliated issuers		440
Futures contracts		(215,545	)
Swap contracts		1,581			(900,667	)
Net unrealized appreciation (depreciation) on:
Investments:
Unaffiliated issuers		200,295
Affiliated issuers		680
Futures contracts		(5,366	)
Swap contracts		(49,537	)		146,072
Net realized loss and unrealized appreciation					(754,595	)

Net decrease in net assets resulting from operations				$	(469,824	)

*	Additional information related to class-specific fees and expenses is included in the notes to financial statements.

Refer to the notes to financial statements.

Intermediate Bond Fund of America

Financial statements (continued)

Statements of changes in net assets
		(dollars in thousands)

	Six months ended February 28, 2023*			Year ended August 31, 2022
Operations:
Net investment income	$	284,771		$	575,900
Net realized loss		(900,667	)		(851,106	)
Net unrealized appreciation (depreciation)		146,072			(1,708,844	)
Net decrease in net assets resulting from operations		(469,824	)		(1,984,050	)

Distributions paid or accrued to shareholders		(289,380	)		(572,931	)

Net capital share transactions		(728,175	)		(2,740,311	)

Total decrease in net assets		(1,487,379	)		(5,297,292	)

Net assets:
Beginning of period		26,398,583			31,695,875
End of period	$	24,911,204		$	26,398,583

*	Unaudited.

Refer to the notes to financial statements.

42	Intermediate Bond Fund of America

Notes to financial statements

unaudited

1. Organization

Intermediate Bond Fund of America (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company. The fund seeks to provide current income consistent with the maturity and quality standards described in the prospectus, and preservation of capital.

The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund’s share classes are described further in the following table:

Share class	Initial sales charge	Contingent deferred sales charge upon redemption	Conversion feature
Class A	Up to 2.50%	None (except 0.75% for certain redemptions within 18 months of purchase without an initial sales charge)	None
Class 529-A	Up to 2.50%	None (except 1.00% for certain redemptions within 18 months of purchase without an initial sales charge)	None
Classes C and 529-C*	None	1.00% for redemptions within one year of purchase	Class C converts to Class A after eight years and Class 529-C converts to Class 529-A after five years
Class 529-E	None	None	None
Classes T and 529-T*	Up to 2.50%	None	None
Classes F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3	None	None	None
Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6	None	None	None

*	Class C, T, 529-C and 529-T shares are not available for purchase.

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses (“class-specific fees and expenses”), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

2. Significant accounting policies

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. The fund’s financial statements have been prepared to comply with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles require the fund’s investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

Security transactions and related investment income — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

Class allocations — Income, fees and expenses (other than class-specific fees and expenses) are allocated daily among the various share classes based on the relative value of their settled shares. Realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

Intermediate Bond Fund of America

Distributions paid or accrued to shareholders — Income dividends are declared daily after the determination of the fund’s net investment income and are paid to shareholders monthly. Capital gain distributions are recorded on the ex-dividend date.

3. Valuation

Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

Fixed-income class	Examples of standard inputs
All	Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
Corporate bonds, notes & loans; convertible securities	Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies	Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations	Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information
Municipal securities	Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds”), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract.

44	Intermediate Bond Fund of America

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.

Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following tables present the fund’s valuation levels as of February 28, 2023 (dollars in thousands):

	Investment securities
	Level 1		Level 2		Level 3		Total
Assets:
Bonds, notes & other debt instruments:
Mortgage-backed obligations	$	—	$	7,934,839	$	—	$	7,934,839
U.S. Treasury bonds & notes		—		7,030,283		—		7,030,283
Corporate bonds, notes & loans		—		4,830,127		—		4,830,127
Asset-backed obligations		—		2,985,959		—		2,985,959
Bonds & notes of governments & government agencies outside the U.S.		—		859,866		—		859,866
Federal agency bonds & notes		—		83,560		—		83,560
Municipals		—		39,696		—		39,696
Preferred securities		—		3,208		—		3,208
Short-term securities		3,665,668		145,195		—		3,810,863
Total	$	3,665,668	$	23,912,733	$	—	$	27,578,401

Intermediate Bond Fund of America

	Other investments*
	Level 1			Level 2			Level 3		Total
Assets:
Unrealized appreciation on futures contracts	$	1,802		$	—		$	—	$	1,802
Unrealized appreciation on centrally cleared interest rate swaps		—			164,110			—		164,110
Liabilities:
Unrealized depreciation on futures contracts		(32,295	)		—			—		(32,295	)
Unrealized depreciation on centrally cleared interest rate swaps		—			(66,638	)		—		(66,638	)
Unrealized depreciation on centrally cleared credit default swaps		—			(4,849	)		—		(4,849	)
Total	$	(30,493	)	$	92,623		$	—	$	62,130

*	Futures contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio.

4. Risk factors

Investing in the fund may involve certain risks including, but not limited to, those described below.

Market conditions — The prices of, and the income generated by, the securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; and currency exchange rate, interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease) and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund’s investments may be negatively affected by developments in other countries and regions.

Issuer risks — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer’s goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives.

Investing in debt instruments — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers are less likely to refinance existing debt securities in order to enjoy lower interest rates in a higher interest rate environment, causing the market prices of such securities to decline. A general rise in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund failing to recoup the full amount of its initial investment and having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund’s securities could cause the value of the fund’s shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund’s investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

46	Intermediate Bond Fund of America

Investing in mortgage-related and other asset-backed securities — Mortgage-related securities, such as mortgage-backed securities, and other asset-backed securities, include debt obligations that represent interests in pools of mortgages or other income-bearing assets, such as consumer loans or receivables. While such securities are subject to the risks associated with investments in debt instruments generally (for example, credit, extension and interest rate risks), they are also subject to other and different risks. Mortgage-backed and other asset-backed securities are subject to changes in the payment patterns of borrowers of the underlying debt, potentially increasing the volatility of the securities and the fund’s net asset value. When interest rates fall, borrowers are more likely to refinance or prepay their debt before its stated maturity. This may result in the fund having to reinvest the proceeds in lower yielding securities, effectively reducing the fund’s income. Conversely, if interest rates rise and borrowers repay their debt more slowly than expected, the time in which the mortgage-backed and other asset-backed securities are paid off could be extended, reducing the fund’s cash available for reinvestment in higher yielding securities. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations and the value of property that secures the mortgages may decline in value and be insufficient, upon foreclosure, to repay the associated loans. Investments in asset-backed securities are subject to similar risks.

Investing in securities backed by the U.S. government — Securities backed by the U.S. Treasury or the full faith and credit of the U.S. government are guaranteed only as to the timely payment of interest and principal when held to maturity. Accordingly, the current market values for these securities will fluctuate with changes in interest rates and the credit rating of the U.S. government. Securities issued by U.S. government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government are neither issued nor guaranteed by the U.S. government. U.S. government securities are subject to market risk, interest rate risk and credit risk.

Liquidity risk — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. During times of market turmoil, there have been, and may be, no buyers or sellers for securities in entire asset classes. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs, or to try to limit losses, or may be forced to sell at a loss.

Investing in future delivery contracts — The fund may enter into contracts, such as to-be-announced contracts and mortgage dollar rolls, that involve the fund selling mortgage-related securities and simultaneously contracting to repurchase similar securities for delivery at a future date at a predetermined price. This can increase the fund’s market exposure, and the market price of the securities that the fund contracts to repurchase could drop below their purchase price. While the fund can preserve and generate capital through the use of such contracts by, for example, realizing the difference between the sale price and the future purchase price, the income generated by the fund may be reduced by engaging in such transactions. In addition, these transactions increase the turnover rate of the fund.

Investing in inflation-linked bonds — The values of inflation-linked bonds generally fluctuate in response to changes in real interest rates — i.e., rates of interest after factoring in inflation. A rise in real interest rates may cause the prices of inflation-linked securities to fall, while a decline in real interest rates may cause the prices to increase. Inflation-linked bonds may experience greater losses than other debt securities with similar durations when real interest rates rise faster than nominal interest rates. There can be no assurance that the value of an inflation-linked security will be directly correlated to changes in interest rates; for example, if interest rates rise for reasons other than inflation, the increase may not be reflected in the security’s inflation measure.

Investing in inflation-linked bonds may also reduce the fund’s distributable income during periods of deflation. If prices for goods and services decline throughout the economy, the principal and income on inflation-linked securities may decline and result in losses to the fund.

Intermediate Bond Fund of America

Investing outside the U.S. — Securities of issuers domiciled outside the U.S., or with significant operations or revenues outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers operate or generate revenue. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund’s portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.

Investing in derivatives — The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds. Changes in the value of a derivative may not correlate perfectly with, and may be more sensitive to market events than, the underlying asset, rate or index, and a derivative instrument may cause the fund to lose significantly more than its initial investment. Derivatives may be difficult to value, difficult for the fund to buy or sell at an opportune time or price and difficult, or even impossible, to terminate or otherwise offset. The fund’s use of derivatives may result in losses to the fund, and investing in derivatives may reduce the fund’s returns and increase the fund’s price volatility. The fund’s counterparty to a derivative transaction (including, if applicable, the fund’s clearing broker, the derivatives exchange or the clearinghouse) may be unable or unwilling to honor its financial obligations in respect of the transaction. In certain cases, the fund may be hindered or delayed in exercising remedies against or closing out derivative instruments with a counterparty, which may result in additional losses. Derivatives are subject to additional risks, including operational risk (such as documentation issues, settlement issues and systems failures) and legal risk (such as insufficient documentation, insufficient capacity or authority of a counterparty, and issues with the legality or enforceability of a contract).

Management — The investment adviser to the fund actively manages the fund’s investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

5. Certain investment techniques

Index-linked bonds — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund’s statement of operations.

Mortgage dollar rolls — The fund has entered into mortgage dollar roll transactions in which the fund sells a mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.

Futures contracts — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund’s interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio.

Upon entering into futures contracts, and to maintain the fund’s open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant (“FCM”), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

48	Intermediate Bond Fund of America

On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund’s statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund’s statement of operations. The average month-end notional amount of futures contracts while held was $10,903,531,000.

Swap contracts — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant’s swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund’s statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund’s statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund’s statement of operations.

Swap agreements can take different forms. The fund has entered into the following types of swap agreements:

Interest rate swaps — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund’s current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $2,853,940,000.

Credit default swap indices — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as “CDSIs”), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.

The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund, as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller.

Intermediate Bond Fund of America

As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $1,429,316,000.

The following tables identify the location and fair value amounts on the fund’s statement of assets and liabilities and the effect on the fund’s statement of operations resulting from the fund’s use of futures contracts, interest rate swaps and credit default swaps as of, or for the six months ended, February 28, 2023 (dollars in thousands):

Assets

Liabilities

Contracts

Risk type

Location on statement of
assets and liabilities

Value

Location on statement of
assets and liabilities

Value

Futures

Interest

Unrealized appreciation*

1,802

Unrealized depreciation*

32,295

Swap (centrally cleared)

Interest

Unrealized appreciation*

164,110

Unrealized depreciation*

66,638

Swap (centrally cleared)

Credit

Unrealized appreciation*

—

Unrealized depreciation*

4,849

165,912

103,782

		Net realized (loss) gain				Net unrealized depreciation
Contracts	Risk type	Location on statement of operations	Value			Location on statement of operations	Value
Futures	Interest	Net realized loss on futures contracts	$	(215,545	)	Net unrealized depreciation on futures contracts	$	(5,366	)
Swap	Interest	Net realized gain on swap contracts		6,286		Net unrealized depreciation on swap contracts		(29,140	)
Swap	Credit	Net realized loss on swap contracts		(4,705	)	Net unrealized depreciation on swap contracts		(20,397	)
			$	(213,964	)		$	(54,903	)

Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps as reported in the applicable tables following the fund’s investment portfolio. Only current day’s variation margin is reported within the fund’s statement of assets and liabilities.

Collateral — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to its use of futures contracts, interest rate swaps, credit default swaps and future delivery contracts. For futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund’s investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund’s custodian, which is reflected as pledged cash collateral in the fund’s statement of assets and liabilities.

6. Taxation and distributions

Federal income taxation — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the period ended February 28, 2023, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the period, the fund did not incur any significant interest or penalties.

50	Intermediate Bond Fund of America

The fund’s tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction’s statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

Distributions — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; cost of investments sold; net capital losses and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes.

The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of August 31, 2022, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

Undistributed ordinary income		$	88,288
Capital loss carryforward*			(960,778	)

*	The capital loss carryforward will be used to offset any capital gains realized by the fund in the current year or in subsequent years. The fund will not make distributions from capital gains while a capital loss carryforward remains.

As of February 28, 2023, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

Gross unrealized appreciation on investments	$	188,121
Gross unrealized depreciation on investments		(1,232,031	)
Net unrealized depreciation on investments		(1,043,910	)
Cost of investments		28,685,012

Tax-basis distributions paid or accrued to shareholders from ordinary income were as follows (dollars in thousands):

Share class	Six months ended February 28, 2023			Year ended August 31, 2022
Class A	$	96,363		$	168,771
Class C		239			435
Class T		—	^†		—	^†
Class F-1		1,436			2,492
Class F-2		29,189			66,161
Class F-3		17,940			28,312
Class 529-A		4,300			8,105
Class 529-C		35			65
Class 529-E		119			227
Class 529-T		—	^†		—	^†
Class 529-F-1		—	^†		—	^†
Class 529-F-2		1,234			2,293
Class 529-F-3		—	^†		—	^†
Class R-1		30			49
Class R-2		525			877
Class R-2E		61			94
Class R-3		1,081			1,873
Class R-4		1,154			2,191
Class R-5E		126			214
Class R-5		335			634
Class R-6		135,213			290,138
Total	$	289,380		$	572,931

^†	Amount less than one thousand.

Intermediate Bond Fund of America

7. Fees and transactions with related parties

CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors^®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company^® (“AFS”), the fund’s transfer agent. CRMC, AFD and AFS are considered related parties to the fund.

Investment advisory services — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.300% on the first $60 million of daily net assets and decreasing to 0.110% on such assets in excess of $36 billion. The agreement also provides for monthly fees, accrued daily, based on a series of decreasing rates beginning with 3.00% on the first $3,333,333 of the fund’s monthly gross income and decreasing to 2.00% on such income in excess of $8,333,333. For the six months ended February 28, 2023, the investment advisory services fees were $25,070,000, which were equivalent to an annualized rate of 0.201% of average daily net assets.

Class-specific fees and expenses — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

Distribution services — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate AFD for paying service fees, to firms that have entered into agreements with AFD to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

Share class	Currently approved limits			Plan limits
Class A		0.30	%		0.30	%
Class 529-A		0.30			0.50
Classes C, 529-C and R-1		1.00			1.00
Class R-2		0.75			1.00
Class R-2E		0.60			0.85
Classes 529-E and R-3		0.50			0.75
Classes T, F-1, 529-T, 529-F-1 and R-4		0.25			0.50

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of February 28, 2023, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.

Transfer agent services — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund’s share classes. These services include recordkeeping, shareholder communications and transaction processing. In addition, the fund reimburses AFS for amounts paid to third parties for performing transfer agent services on behalf of fund shareholders.

Administrative services — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC’s provision of administrative services.

52	Intermediate Bond Fund of America

529 plan services — Each 529 share class is subject to service fees to compensate the Virginia College Savings Plan (“Virginia529”) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Virginia529 through ABLEAmerica^®, a tax-advantaged savings program for individuals with disabilities. Virginia529 is not considered a related party to the fund.

The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the six months ended February 28, 2023, the 529 plan services fees were $162,000, which were equivalent to 0.061% of the average daily net assets of each 529 share class.

For the six months ended February 28, 2023, class-specific expenses under the agreements were as follows (dollars in thousands):

Share class	Distribution services	Transfer agent services		Administrative services		529 plan services
Class A	$11,498	$5,085		$1,362		Not applicable
Class C	174	19		5		Not applicable
Class T	—	—	*	—	*	Not applicable
Class F-1	163	101		20		Not applicable
Class F-2	Not applicable	1,606		380		Not applicable
Class F-3	Not applicable	3		215		Not applicable
Class 529-A	501	219		62		$125
Class 529-C	27	3		1		2
Class 529-E	31	2		2		4
Class 529-T	—	—	*	—	*	—	*
Class 529-F-1	—	—	*	—	*	—	*
Class 529-F-2	Not applicable	9		15		31
Class 529-F-3	Not applicable	—		—	*	—	*
Class R-1	21	2		1		Not applicable
Class R-2	279	122		11		Not applicable
Class R-2E	22	7		1		Not applicable
Class R-3	293	86		18		Not applicable
Class R-4	135	54		16		Not applicable
Class R-5E	Not applicable	8		2		Not applicable
Class R-5	Not applicable	7		4		Not applicable
Class R-6	Not applicable	22		1,626		Not applicable
Total class-specific expenses	$13,144	$7,355		$3,741		$162

*	Amount less than one thousand.

Trustees’ deferred compensation — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees’ compensation of $58,000 in the fund’s statement of operations reflects $48,000 in current fees (either paid in cash or deferred) and a net increase of $10,000 in the value of the deferred amounts.

Affiliated officers and trustees — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, AFD and AFS. No affiliated officers or trustees received any compensation directly from the fund.

Investment in CCF — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund’s short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.

Intermediate Bond Fund of America

Security transactions with related funds — The fund may purchase investment securities from, or sell investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund’s board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. When such transactions occur, each transaction is executed at the current market price of the security and no brokerage commissions or fees are paid in accordance with Rule 17a-7 of the 1940 Act. During the six months ended February 28, 2023, the fund did not engage in any such purchase or sale transactions with any related funds.

Interfund lending — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the six months ended February 28, 2023.

8. Indemnifications

The fund’s organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund’s maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund’s board members and officers.

9. Capital share transactions

Capital share transactions in the fund were as follows (dollars and shares in thousands):

	Sales*				Reinvestments of distributions						Repurchases*						Net (decrease) increase
Share class	Amount		Shares		Amount			Shares			Amount			Shares			Amount			Shares

Six months ended February 28, 2023

Class A	$	688,348		55,222	$	95,632			7,689		$	(1,114,912	)		(89,529	)	$	(330,932	)		(26,618	)
Class C		5,572		447		236			19			(9,523	)		(764	)		(3,715	)		(298	)
Class T		—		—		—			—			—			—			—			—
Class F-1		31,174		2,502		1,397			112			(22,714	)		(1,833	)		9,857			781
Class F-2		491,063		39,401		28,339			2,280			(1,300,665	)		(105,465	)		(781,263	)		(63,784	)
Class F-3		339,125		27,235		17,910			1,441			(250,430	)		(20,124	)		106,605			8,552
Class 529-A		24,520		1,965		4,300			346			(53,114	)		(4,254	)		(24,294	)		(1,943	)
Class 529-C		1,146		92		35			2			(1,338	)		(107	)		(157	)		(13	)
Class 529-E		630		50		119			10			(1,834	)		(147	)		(1,085	)		(87	)
Class 529-T		—		—		—	^†		—	^†		—			—			—	^†		—	^†
Class 529-F-1		—		—		—	^†		—	^†		—			—			—	^†		—	^†
Class 529-F-2		11,501		923		1,225			99			(16,595	)		(1,334	)		(3,869	)		(312	)
Class 529-F-3		—		—		—	^†		—	^†		—			—			—	^†		—	^†
Class R-1		442		36		29			2			(343	)		(28	)		128			10
Class R-2		8,438		678		520			42			(10,360	)		(836	)		(1,402	)		(116	)
Class R-2E		798		64		61			5			(717	)		(57	)		142			12
Class R-3		11,396		913		1,070			86			(16,839	)		(1,350	)		(4,373	)		(351	)
Class R-4		8,302		666		1,146			92			(23,017	)		(1,846	)		(13,569	)		(1,088	)
Class R-5E		2,234		179		125			10			(917	)		(74	)		1,442			115
Class R-5		1,251		100		334			27			(2,418	)		(195	)		(833	)		(68	)
Class R-6		693,989		55,546		134,610			10,825			(509,456	)		(40,848	)		319,143			25,523
Total net increase (decrease)	$	2,319,929		186,019	$	287,088			23,087		$	(3,335,192	)		(268,791	)	$	(728,175	)		(59,685	)

Refer to the end of the table for footnotes.

54	Intermediate Bond Fund of America

	Sales*			Reinvestments of distributions					Repurchases*					Net (decrease) increase
Share class		Amount	Shares		Amount		Shares			Amount		Shares			Amount		Shares

Year ended August 31, 2022

Class A	$	1,797,434	133,862	$	167,238		12,708		$	(2,167,455	)	(162,580	)	$	(202,783	)	(16,010	)
Class C		12,738	951		430		33			(22,322	)	(1,672	)		(9,154	)	(688	)
Class T		—	—		—		—			—		—			—		—
Class F-1		19,354	1,447		2,399		182			(60,568	)	(4,505	)		(38,815	)	(2,876	)
Class F-2		1,514,390	113,374		64,423		4,886			(1,428,011	)	(107,593	)		150,802		10,667
Class F-3		578,278	43,439		28,261		2,145			(414,597	)	(31,159	)		191,942		14,425
Class 529-A		67,417	5,014		8,067		613			(124,159	)	(9,310	)		(48,675	)	(3,683	)
Class 529-C		2,602	194		64		5			(4,158	)	(312	)		(1,492	)	(113	)
Class 529-E		1,814	135		225		17			(5,137	)	(384	)		(3,098	)	(232	)
Class 529-T		—	—		—	^†	—	^†		—		—			—	^†	—	^†
Class 529-F-1		—	—		—	^†	—	^†		—		—			—	^†	—	^†
Class 529-F-2		22,039	1,636		2,284		173			(25,906	)	(1,944	)		(1,583	)	(135	)
Class 529-F-3		—	—		—	^†	—	^†		—		—			—	^†	—	^†
Class R-1		1,219	91		48		4			(1,719	)	(130	)		(452	)	(35	)
Class R-2		19,854	1,486		871		67			(31,541	)	(2,348	)		(10,816	)	(795	)
Class R-2E		2,135	161		94		7			(2,563	)	(191	)		(334	)	(23	)
Class R-3		28,532	2,129		1,850		141			(44,129	)	(3,297	)		(13,747	)	(1,027	)
Class R-4		26,454	1,971		2,179		165			(40,241	)	(3,025	)		(11,608	)	(889	)
Class R-5E		4,444	331		212		16			(4,074	)	(306	)		582		41
Class R-5		8,506	636		626		48			(11,839	)	(888	)		(2,707	)	(204	)
Class R-6		1,920,128	142,769		289,103		21,893			(4,947,604	)	(380,023	)		(2,738,373	)	(215,361	)
Total net increase (decrease)	$	6,027,338	449,626	$	568,374		43,103		$	(9,336,023	)	(709,667	)	$	(2,740,311	)	(216,938	)

*	Includes exchanges between share classes of the fund.
^†	Amount less than one thousand.

10. Investment transactions

The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations, if any, of $48,236,708,000 and $49,052,192,000, respectively, during the six months ended February 28, 2023.

Intermediate Bond Fund of America

Financial highlights

			(Loss) income from investment operations¹								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return^2,3			Net assets, end of year (in millions)			Ratio of expenses to average net assets before reimburse- ments⁴			Ratio of expenses to average net assets after reimburse- ments^3,4			Ratio of net income to average net assets³
Class A:
2/28/2023^5,6	$	12.75	$	.13	$	(.36	)	$	(.23	)	$	(.13	)	$	—		$	(.13	)	$	12.39		(1.79	)%⁷	$	8,956			.60	%⁸		.60	%⁸		2.09	%⁸
8/31/2022		13.86		.22		(1.11	)		(.89	)		(.22	)		—			(.22	)		12.75		(6.45	)		9,557			.62			.62			1.66
8/31/2021		14.22		.11		(.06	)		.05			(.12	)		(.29	)		(.41	)		13.86		.34			10,608			.61			.61			.80
8/31/2020		13.62		.19		.73			.92			(.20	)		(.12	)		(.32	)		14.22		6.89			9,521			.63			.63			1.41
8/31/2019		13.14		.26		.47			.73			(.25	)		—			(.25	)		13.62		5.60			7,945			.63			.63			1.92
8/31/2018		13.49		.21		(.37	)		(.16	)		(.19	)		—			(.19	)		13.14		(1.15	)		7,317			.60			.60			1.61
Class C:
2/28/2023^5,6		12.73		.08		(.36	)		(.28	)		(.09	)		—			(.09	)		12.36		(2.24	)⁷		33			1.35	⁸		1.35	⁸		1.34	⁸
8/31/2022		13.84		.12		(1.09	)		(.97	)		(.14	)		—			(.14	)		12.73		(7.04	)		37			1.32			1.32			.91
8/31/2021		14.21		.02		(.07	)		(.05	)		(.03	)		(.29	)		(.32	)		13.84		(.34	)		50			1.30			1.30			.11
8/31/2020		13.62		.10		.72			.82			(.11	)		(.12	)		(.23	)		14.21		6.07			47			1.33			1.33			.72
8/31/2019		13.14		.15		.48			.63			(.15	)		—			(.15	)		13.62		4.81			49			1.38			1.38			1.16
8/31/2018		13.49		.11		(.37	)		(.26	)		(.09	)		—			(.09	)		13.14		(1.92	)		56			1.39			1.39			.81
Class T:
2/28/2023^5,6		12.75		.15		(.37	)		(.22	)		(.15	)		—			(.15	)		12.38		(1.73	)^7,9		—	¹⁰		.32	^8,9		.32	^8,9		2.38	^8,9
8/31/2022		13.85		.26		(1.10	)		(.84	)		(.26	)		—			(.26	)		12.75		(6.09	)⁹		—	¹⁰		.31	⁹		.31	⁹		1.98	⁹
8/31/2021		14.21		.15		(.06	)		.09			(.16	)		(.29	)		(.45	)		13.85		.62	⁹		—	¹⁰		.32	⁹		.32	⁹		1.09	⁹
8/31/2020		13.62		.24		.71			.95			(.24	)		(.12	)		(.36	)		14.21		7.12	⁹		—	¹⁰		.34	⁹		.34	⁹		1.71	⁹
8/31/2019		13.14		.29		.47			.76			(.28	)		—			(.28	)		13.62		5.86	⁹		—	¹⁰		.37	⁹		.37	⁹		2.17	⁹
8/31/2018		13.49		.24		(.36	)		(.12	)		(.23	)		—			(.23	)		13.14		(.91	)⁹		—	¹⁰		.37	⁹		.37	⁹		1.84	⁹
Class F-1:
2/28/2023^5,6		12.75		.13		(.36	)		(.23	)		(.13	)		—			(.13	)		12.39		(1.80	)⁷		141			.63	⁸		.63	⁸		2.08	⁸
8/31/2022		13.86		.21		(1.10	)		(.89	)		(.22	)		—			(.22	)		12.75		(6.45	)		134			.62			.62			1.60
8/31/2021		14.22		.11		(.06	)		.05			(.12	)		(.29	)		(.41	)		13.86		.34			186			.60			.60			.78
8/31/2020		13.63		.19		.72			.91			(.20	)		(.12	)		(.32	)		14.22		6.81			222			.63			.63			1.38
8/31/2019		13.14		.25		.48			.73			(.24	)		—			(.24	)		13.63		5.63			151			.68			.68			1.87
8/31/2018		13.49		.20		(.36	)		(.16	)		(.19	)		—			(.19	)		13.14		(1.22	)		150			.67			.67			1.53
Class F-2:
2/28/2023^5,6		12.75		.14		(.35	)		(.21	)		(.15	)		—			(.15	)		12.39		(1.67	)⁷		2,371			.36	⁸		.36	⁸		2.27	⁸
8/31/2022		13.86		.26		(1.11	)		(.85	)		(.26	)		—			(.26	)		12.75		(6.18	)		3,253			.34			.34			1.95
8/31/2021		14.22		.15		(.06	)		.09			(.16	)		(.29	)		(.45	)		13.86		.63			3,388			.32			.32			1.10
8/31/2020		13.62		.23		.73			.96			(.24	)		(.12	)		(.36	)		14.22		7.18			2,613			.36			.36			1.66
8/31/2019		13.14		.29		.47			.76			(.28	)		—			(.28	)		13.62		5.87			1,726			.36			.36			2.20
8/31/2018		13.49		.25		(.38	)		(.13	)		(.22	)		—			(.22	)		13.14		(.92	)		1,068			.37			.37			1.86
Class F-3:
2/28/2023^5,6		12.74		.15		(.36	)		(.21	)		(.15	)		—			(.15	)		12.38		(1.61	)⁷		1,461			.24	⁸		.24	⁸		2.46	⁸
8/31/2022		13.85		.28		(1.12	)		(.84	)		(.27	)		—			(.27	)		12.74		(6.08	)		1,395			.23			.23			2.10
8/31/2021		14.21		.17		(.07	)		.10			(.17	)		(.29	)		(.46	)		13.85		.74			1,316			.21			.21			1.21
8/31/2020		13.62		.24		.73			.97			(.26	)		(.12	)		(.38	)		14.21		7.23			929			.24			.24			1.76
8/31/2019		13.13		.30		.49			.79			(.30	)		—			(.30	)		13.62		5.97			532			.27			.27			2.28
8/31/2018		13.49		.26		(.38	)		(.12	)		(.24	)		—			(.24	)		13.13		(.82	)		453			.27			.27			1.95
Class 529-A:
2/28/2023^5,6		12.75		.13		(.36	)		(.23	)		(.13	)		—			(.13	)		12.39		(1.81	)⁷		403			.65	⁸		.65	⁸		2.04	⁸
8/31/2022		13.86		.22		(1.11	)		(.89	)		(.22	)		—			(.22	)		12.75		(6.44	)		439			.61			.61			1.65
8/31/2021		14.22		.11		(.06	)		.05			(.12	)		(.29	)		(.41	)		13.86		.34			529			.60			.60			.81
8/31/2020		13.62		.19		.73			.92			(.20	)		(.12	)		(.32	)		14.22		6.88			524			.64			.64			1.40
8/31/2019		13.14		.25		.47			.72			(.24	)		—			(.24	)		13.62		5.54			450			.68			.68			1.87
8/31/2018		13.49		.20		(.37	)		(.17	)		(.18	)		—			(.18	)		13.14		(1.23	)		417			.68			.68			1.54

Refer to the end of the table for footnotes.

56	Intermediate Bond Fund of America

Financial highlights (continued)

			(Loss) income from investment operations¹								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return^2,3			Net assets, end of year (in millions)			Ratio of expenses to average net assets before reimburse- ments⁴			Ratio of expenses to average net assets after reimburse- ments^3,4			Ratio of net income to average net assets³
Class 529-C:
2/28/2023^5,6	$	12.72	$	.08	$	(.36	)	$	(.28	)	$	(.08	)	$	—		$	(.08	)	$	12.36		(2.19	)%⁷	$	5			1.40	%⁸		1.40	%⁸		1.28	%⁸
8/31/2022		13.83		.12		(1.10	)		(.98	)		(.13	)		—			(.13	)		12.72		(7.08	)		6			1.37			1.37			.87
8/31/2021		14.21		.01		(.07	)		(.06	)		(.03	)		(.29	)		(.32	)		13.83		(.42	)		8			1.33			1.33			.07
8/31/2020		13.62		.10		.71			.81			(.10	)		(.12	)		(.22	)		14.21		6.04			8			1.37			1.37			.74
8/31/2019		13.13		.15		.49			.64			(.15	)		—			(.15	)		13.62		4.80			22			1.39			1.39			1.16
8/31/2018		13.48		.10		(.36	)		(.26	)		(.09	)		—			(.09	)		13.13		(1.87	)		22			1.43			1.43			.73
Class 529-E:
2/28/2023^5,6		12.75		.11		(.35	)		(.24	)		(.12	)		—			(.12	)		12.39		(1.90	)⁷		12			.83	⁸		.83	⁸		1.86	⁸
8/31/2022		13.86		.19		(1.10	)		(.91	)		(.20	)		—			(.20	)		12.75		(6.62	)		14			.81			.81			1.44
8/31/2021		14.22		.09		(.07	)		.02			(.09	)		(.29	)		(.38	)		13.86		.15			18			.79			.79			.61
8/31/2020		13.62		.17		.73			.90			(.18	)		(.12	)		(.30	)		14.22		6.69			19			.82			.82			1.22
8/31/2019		13.14		.22		.48			.70			(.22	)		—			(.22	)		13.62		5.35			17			.86			.86			1.69
8/31/2018		13.49		.18		(.37	)		(.19	)		(.16	)		—			(.16	)		13.14		(1.41	)		16			.87			.87			1.34
Class 529-T:
2/28/2023^5,6		12.75		.14		(.37	)		(.23	)		(.14	)		—			(.14	)		12.38		(1.77	)^7,9		—	¹⁰		.39	^8,9		.39	^8,9		2.30	^8,9
8/31/2022		13.85		.25		(1.10	)		(.85	)		(.25	)		—			(.25	)		12.75		(6.16	)⁹		—	¹⁰		.39	⁹		.39	⁹		1.91	⁹
8/31/2021		14.21		.15		(.07	)		.08			(.15	)		(.29	)		(.44	)		13.85		.51	⁹		—	¹⁰		.37	⁹		.37	⁹		1.04	⁹
8/31/2020		13.62		.23		.71			.94			(.23	)		(.12	)		(.35	)		14.21		7.13	⁹		—	¹⁰		.40	⁹		.40	⁹		1.65	⁹
8/31/2019		13.14		.28		.47			.75			(.27	)		—			(.27	)		13.62		5.79	⁹		—	¹⁰		.44	⁹		.44	⁹		2.10	⁹
8/31/2018		13.49		.23		(.36	)		(.13	)		(.22	)		—			(.22	)		13.14		(.98	)⁹		—	¹⁰		.45	⁹		.45	⁹		1.77	⁹
Class 529-F-1:
2/28/2023^5,6		12.75		.14		(.37	)		(.23	)		(.14	)		—			(.14	)		12.38		(1.80	)^7,9		—	¹⁰		.47	^8,9		.47	^8,9		2.23	^8,9
8/31/2022		13.86		.25		(1.11	)		(.86	)		(.25	)		—			(.25	)		12.75		(6.26	)⁹		—	¹⁰		.43	⁹		.43	⁹		1.86	⁹
8/31/2021		14.22		.14		(.06	)		.08			(.15	)		(.29	)		(.44	)		13.86		.54	⁹		—	¹⁰		.36	⁹		.36	⁹		.98	⁹
8/31/2020		13.62		.23		.72			.95			(.23	)		(.12	)		(.35	)		14.22		7.14			121			.40			.40			1.65
8/31/2019		13.14		.28		.47			.75			(.27	)		—			(.27	)		13.62		5.79			106			.44			.44			2.11
8/31/2018		13.49		.23		(.36	)		(.13	)		(.22	)		—			(.22	)		13.14		(.99	)		95			.44			.44			1.77
Class 529-F-2:
2/28/2023^5,6		12.75		.15		(.36	)		(.21	)		(.15	)		—			(.15	)		12.39		(1.65	)⁷		102			.32	⁸		.32	⁸		2.37	⁸
8/31/2022		13.86		.26		(1.11	)		(.85	)		(.26	)		—			(.26	)		12.75		(6.17	)		109			.32			.32			1.96
8/31/2021^5,11		14.19		.13		(.04	)		.09			(.13	)		(.29	)		(.42	)		13.86		.64	⁷		120			.33	⁸		.33	⁸		1.09	⁸
Class 529-F-3:
2/28/2023^5,6		12.75		.15		(.36	)		(.21	)		(.15	)		—			(.15	)		12.39		(1.65	)⁷		—	¹⁰		.32	⁸		.32	⁸		2.38	⁸
8/31/2022		13.86		.27		(1.11	)		(.84	)		(.27	)		—			(.27	)		12.75		(6.12	)		—	¹⁰		.28			.28			2.01
8/31/2021^5,11		14.19		.13		(.04	)		.09			(.13	)		(.29	)		(.42	)		13.86		.67	⁷		—	¹⁰		.36	⁸		.29	⁸		1.14	⁸
Class R-1:
2/28/2023^5,6		12.72		.09		(.36	)		(.27	)		(.09	)		—			(.09	)		12.36		(2.14	)⁷		4			1.32	⁸		1.32	⁸		1.38	⁸
8/31/2022		13.84		.13		(1.11	)		(.98	)		(.14	)		—			(.14	)		12.72		(7.10	)		4			1.30			1.30			.96
8/31/2021		14.21		.01		(.06	)		(.05	)		(.03	)		(.29	)		(.32	)		13.84		(.35	)		5			1.31			1.31			.08
8/31/2020		13.62		.09		.72			.81			(.10	)		(.12	)		(.22	)		14.21		6.04			6			1.37			1.37			.67
8/31/2019		13.14		.15		.48			.63			(.15	)		—			(.15	)		13.62		4.80			5			1.39			1.39			1.14
8/31/2018		13.49		.11		(.37	)		(.26	)		(.09	)		—			(.09	)		13.14		(1.92	)		7			1.39			1.39			.82

Refer to the end of the table for footnotes.

Intermediate Bond Fund of America

Financial highlights (continued)

			(Loss) income from investment operations¹								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income		Net (losses) gains on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return^2,3			Net assets, end of year (in millions)		Ratio of expenses to average net assets before reimburse- ments⁴			Ratio of expenses to average net assets after reimburse- ments^3,4			Ratio of net income to average net assets³
Class R-2:
2/28/2023^5,6	$	12.72	$	.08	$	(.35	)	$	(.27	)	$	(.09	)	$	—		$	(.09	)	$	12.36		(2.15	)%⁷	$	74		1.32	%⁸		1.32	%⁸		1.37	%⁸
8/31/2022		13.84		.13		(1.11	)		(.98	)		(.14	)		—			(.14	)		12.72		(7.10	)		78		1.30			1.30			.97
8/31/2021		14.21		.02		(.07	)		(.05	)		(.03	)		(.29	)		(.32	)		13.84		(.33	)		96		1.29			1.29			.12
8/31/2020		13.62		.10		.72			.82			(.11	)		(.12	)		(.23	)		14.21		6.08			103		1.32			1.32			.73
8/31/2019		13.13		.16		.48			.64			(.15	)		—			(.15	)		13.62		4.83			96		1.36			1.36			1.19
8/31/2018		13.48		.11		(.37	)		(.26	)		(.09	)		—			(.09	)		13.13		(1.83	)		97		1.37			1.37			.84
Class R-2E:
2/28/2023^5,6		12.73		.10		(.36	)		(.26	)		(.10	)		—			(.10	)		12.37		(2.01	)⁷		7		1.04	⁸		1.04	⁸		1.66	⁸
8/31/2022		13.84		.17		(1.11	)		(.94	)		(.17	)		—			(.17	)		12.73		(6.82	)		7		1.03			1.03			1.27
8/31/2021		14.20		.05		(.06	)		(.01	)		(.06	)		(.29	)		(.35	)		13.84		(.07	)		8		1.02			1.02			.38
8/31/2020		13.61		.14		.71			.85			(.14	)		(.12	)		(.26	)		14.20		6.37			8		1.06			1.06			1.00
8/31/2019		13.12		.20		.48			.68			(.19	)		—			(.19	)		13.61		5.11			6		1.09			1.09			1.47
8/31/2018		13.48		.15		(.38	)		(.23	)		(.13	)		—			(.13	)		13.12		(1.65	)		4		1.10			1.10			1.11
Class R-3:
2/28/2023^5,6		12.75		.11		(.36	)		(.25	)		(.11	)		—			(.11	)		12.39		(1.93	)⁷		115		.89	⁸		.89	⁸		1.81	⁸
8/31/2022		13.86		.19		(1.11	)		(.92	)		(.19	)		—			(.19	)		12.75		(6.68	)		123		.87			.87			1.39
8/31/2021		14.22		.08		(.07	)		.01			(.08	)		(.29	)		(.37	)		13.86		.09			148		.86			.86			.55
8/31/2020		13.62		.16		.73			.89			(.17	)		(.12	)		(.29	)		14.22		6.62			154		.89			.89			1.16
8/31/2019		13.14		.22		.47			.69			(.21	)		—			(.21	)		13.62		5.29			137		.92			.92			1.63
8/31/2018		13.49		.17		(.37	)		(.20	)		(.15	)		—			(.15	)		13.14		(1.47	)		131		.92			.92			1.28
Class R-4:
2/28/2023^5,6		12.75		.13		(.36	)		(.23	)		(.13	)		—			(.13	)		12.39		(1.78	)⁷		100		.59	⁸		.59	⁸		2.10	⁸
8/31/2022		13.86		.23		(1.11	)		(.88	)		(.23	)		—			(.23	)		12.75		(6.40	)		117		.57			.57			1.69
8/31/2021		14.22		.12		(.07	)		.05			(.12	)		(.29	)		(.41	)		13.86		.39			139		.56			.56			.85
8/31/2020		13.63		.20		.72			.92			(.21	)		(.12	)		(.33	)		14.22		6.86			146		.58			.58			1.47
8/31/2019		13.14		.26		.48			.74			(.25	)		—			(.25	)		13.63		5.69			133		.62			.62			1.93
8/31/2018		13.49		.21		(.37	)		(.16	)		(.19	)		—			(.19	)		13.14		(1.17	)		124		.62			.62			1.59
Class R-5E:
2/28/2023^5,6		12.75		.14		(.36	)		(.22	)		(.14	)		—			(.14	)		12.39		(1.69	)⁷		12		.39	⁸		.39	⁸		2.31	⁸
8/31/2022		13.86		.26		(1.12	)		(.86	)		(.25	)		—			(.25	)		12.75		(6.22	)		11		.38			.38			1.92
8/31/2021		14.22		.15		(.07	)		.08			(.15	)		(.29	)		(.44	)		13.86		.58			11		.36			.36			1.06
8/31/2020		13.62		.22		.74			.96			(.24	)		(.12	)		(.36	)		14.22		7.15			8		.38			.38			1.62
8/31/2019		13.14		.29		.47			.76			(.28	)		—			(.28	)		13.62		5.82			4		.42			.42			2.14
8/31/2018		13.49		.26		(.39	)		(.13	)		(.22	)		—			(.22	)		13.14		(.93	)		1		.40			.40			1.98
Class R-5:
2/28/2023^5,6		12.75		.15		(.36	)		(.21	)		(.15	)		—			(.15	)		12.39		(1.64	)⁷		27		.29	⁸		.29	⁸		2.40	⁸
8/31/2022		13.86		.27		(1.11	)		(.84	)		(.27	)		—			(.27	)		12.75		(6.12	)		29		.27			.27			1.99
8/31/2021		14.22		.16		(.06	)		.10			(.17	)		(.29	)		(.46	)		13.86		.68			34		.26			.26			1.14
8/31/2020		13.63		.24		.72			.96			(.25	)		(.12	)		(.37	)		14.22		7.18			39		.28			.28			1.76
8/31/2019		13.14		.30		.48			.78			(.29	)		—			(.29	)		13.63		6.00			34		.32			.32			2.23
8/31/2018		13.49		.25		(.37	)		(.12	)		(.23	)		—			(.23	)		13.14		(.87	)		33		.32			.32			1.88
Class R-6:
2/28/2023^5,6		12.75		.15		(.36	)		(.21	)		(.15	)		—			(.15	)		12.39		(1.61	)⁷		11,088		.24	⁸		.24	⁸		2.46	⁸
8/31/2022		13.85		.27		(1.10	)		(.83	)		(.27	)		—			(.27	)		12.75		(6.01	)		11,086		.22			.22			2.02
8/31/2021		14.22		.17		(.08	)		.09			(.17	)		(.29	)		(.46	)		13.85		.67			15,032		.21			.21			1.21
8/31/2020		13.62		.25		.73			.98			(.26	)		(.12	)		(.38	)		14.22		7.32			12,484		.23			.23			1.80
8/31/2019		13.14		.30		.48			.78			(.30	)		—			(.30	)		13.62		5.98			9,250		.27			.27			2.29
8/31/2018		13.49		.26		(.37	)		(.11	)		(.24	)		—			(.24	)		13.14		(.82	)		7,642		.27			.27			1.96

Refer to the end of the table for footnotes.

58	Intermediate Bond Fund of America

Financial highlights (continued)

	Six months ended February 28,			Year ended August 31,
Portfolio turnover rate for all share classes^12,13	2023^5,6,7			2022			2021			2020			2019			2018
Excluding mortgage dollar roll transactions		62	%		73	%		85	%		98	%		90	%		73	%
Including mortgage dollar roll transactions		236	%		263	%		434	%		452	%		168	%		173	%

¹	Based on average shares outstanding.
²	Total returns exclude any applicable sales charges, including contingent deferred sales charges.
³	This column reflects the impact, if any, of certain reimbursements from CRMC. During one of the years shown, CRMC reimbursed a portion of transfer agent services fees for Class 529-F-3 shares.
⁴	Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.
⁵	Based on operations for a period that is less than a full year.
⁶	Unaudited.
⁷	Not annualized.
⁸	Annualized.
⁹	All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower.
¹⁰	Amount less than $1 million.
¹¹	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.
¹²	Refer to Note 5 for more information on mortgage dollar rolls.
¹³	Rates do not include the fund’s portfolio activity with respect to any Central Funds.

Refer to the notes to financial statements.

Intermediate Bond Fund of America

Expense example

unaudited

As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (September 1, 2022, through February 28, 2023).

Actual expenses:

The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes:

The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.

Notes:

Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.

Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

60	Intermediate Bond Fund of America

Expense example (continued)

	Beginning account value 9/1/2022		Ending account value 2/28/2023		Expenses paid during period*		Annualized expense ratio
Class A – actual return	$	1,000.00	$	982.09	$	2.95		.60	%
Class A – assumed 5% return		1,000.00		1,021.82		3.01		.60
Class C – actual return		1,000.00		977.61		6.62		1.35
Class C – assumed 5% return		1,000.00		1,018.10		6.76		1.35
Class T – actual return		1,000.00		982.71		1.57		.32
Class T – assumed 5% return		1,000.00		1,023.21		1.61		.32
Class F-1 – actual return		1,000.00		981.96		3.10		.63
Class F-1 – assumed 5% return		1,000.00		1,021.67		3.16		.63
Class F-2 – actual return		1,000.00		983.26		1.77		.36
Class F-2 – assumed 5% return		1,000.00		1,023.01		1.81		.36
Class F-3 – actual return		1,000.00		983.85		1.18		.24
Class F-3 – assumed 5% return		1,000.00		1,023.60		1.20		.24
Class 529-A – actual return		1,000.00		981.86		3.19		.65
Class 529-A – assumed 5% return		1,000.00		1,021.57		3.26		.65
Class 529-C – actual return		1,000.00		978.12		6.87		1.40
Class 529-C – assumed 5% return		1,000.00		1,017.85		7.00		1.40
Class 529-E – actual return		1,000.00		980.98		4.08		.83
Class 529-E – assumed 5% return		1,000.00		1,020.68		4.16		.83
Class 529-T – actual return		1,000.00		982.30		1.92		.39
Class 529-T – assumed 5% return		1,000.00		1,022.86		1.96		.39
Class 529-F-1 – actual return		1,000.00		982.01		2.31		.47
Class 529-F-1 – assumed 5% return		1,000.00		1,022.46		2.36		.47
Class 529-F-2 – actual return		1,000.00		983.48		1.57		.32
Class 529-F-2 – assumed 5% return		1,000.00		1,023.21		1.61		.32
Class 529-F-3 – actual return		1,000.00		983.52		1.57		.32
Class 529-F-3 – assumed 5% return		1,000.00		1,023.21		1.61		.32
Class R-1 – actual return		1,000.00		978.55		6.48		1.32
Class R-1 – assumed 5% return		1,000.00		1,018.25		6.61		1.32
Class R-2 – actual return		1,000.00		978.54		6.48		1.32
Class R-2 – assumed 5% return		1,000.00		1,018.25		6.61		1.32
Class R-2E – actual return		1,000.00		979.91		5.11		1.04
Class R-2E – assumed 5% return		1,000.00		1,019.64		5.21		1.04
Class R-3 – actual return		1,000.00		980.72		4.37		.89
Class R-3 – assumed 5% return		1,000.00		1,020.38		4.46		.89
Class R-4 – actual return		1,000.00		982.16		2.90		.59
Class R-4 – assumed 5% return		1,000.00		1,021.87		2.96		.59
Class R-5E – actual return		1,000.00		983.12		1.92		.39
Class R-5E – assumed 5% return		1,000.00		1,022.86		1.96		.39
Class R-5 – actual return		1,000.00		983.60		1.43		.29
Class R-5 – assumed 5% return		1,000.00		1,023.36		1.45		.29
Class R-6 – actual return		1,000.00		983.87		1.18		.24
Class R-6 – assumed 5% return		1,000.00		1,023.60		1.20		.24

*	The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 365 (to reflect the one-half year period).

Intermediate Bond Fund of America

Liquidity Risk Management Program

unaudited

The fund has adopted a liquidity risk management program (the “program”). The fund’s board has designated Capital Research and Management Company (“CRMC”) as the administrator of the program. Personnel of CRMC or its affiliates conduct the day-to-day operation of the program pursuant to policies and procedures administered by the Capital Group Liquidity Risk Management Committee.

Under the program, CRMC manages the fund’s liquidity risk, which is the risk that the fund could not meet shareholder redemption requests without significant dilution of remaining shareholders’ interests in the fund. This risk is managed by monitoring the degree of liquidity of the fund’s investments, limiting the amount of the fund’s illiquid investments, and utilizing various risk management tools and facilities available to the fund for meeting shareholder redemptions, among other means. CRMC’s process of determining the degree of liquidity of the fund’s investments is supported by one or more third-party liquidity assessment vendors.

The fund’s board reviewed a report prepared by CRMC regarding the operation and effectiveness of the program for the period October 1, 2021, through September 30, 2022. No significant liquidity events impacting the fund were noted in the report. In addition, CRMC provided its assessment that the program had been effective in managing the fund’s liquidity risk.

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Intermediate Bond Fund of America

Office of the fund
333 South Hope Street
Los Angeles, CA 90071-1406

Investment adviser
Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406

Transfer agent for shareholder accounts
American Funds Service Company
(Write to the address nearest you.)

P.O. Box 6007
Indianapolis, IN 46206-6007

P.O. Box 2280
Norfolk, VA 23501-2280

Custodian of assets
JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070

Counsel
Morgan, Lewis & Bockius LLP
One Federal Street
Boston, MA 02110-1726

Independent registered public accounting firm
Deloitte & Touche LLP
695 Town Center Drive
Suite 1000
Costa Mesa, CA 92626-7188

Principal underwriter
American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406

68	Intermediate Bond Fund of America

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.

“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on our website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.

Intermediate Bond Fund of America files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. The list of portfolio holdings is available free of charge on the SEC website and on our website.

This report is for the information of shareholders of Intermediate Bond Fund of America, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after June 30, 2023, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

BLOOMBERG^® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

American Funds Distributors, Inc., member FINRA.

The Capital Advantage^®

Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital System^TM— has resulted in superior outcomes.

Aligned with investor success

We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.¹

The Capital System

The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.

American Funds’ superior outcomes

Equity-focused funds have beaten their Lipper peer indexes in 90% of 10-year periods and 99% of 20-year periods.²Relative to their peers, our fixed income funds have helped investors achieve better diversification through attention to correlation between bonds and equities.³Fund management fees have been among the lowest in the industry.⁴

	¹	Investment industry experience as of December 31, 2022.
	²	Based on Class F-2 share results for rolling monthly 10- and 20-year periods starting with the first 10- or 20-year period after each mutual fund’s inception through December 31, 2022. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. Past results are not predictive of results in future periods.
	³	Based on Class F-2 share results as of December 31, 2022. Sixteen of the 18 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation lower than their respective Morningstar peer group averages. S&P 500 Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how two securities move in relation to each other. A correlation ranges from –1 to 1. A positive correlation close to 1 implies that as one security moves, either up or down, the other security will move in “lockstep,” in the same direction. A negative correlation close to –1 indicates that the securities have moved in the opposite direction.
	⁴	On average, our mutual fund management fees were in the lowest quintile 62% of the time, based on the 20-year period ended December 31, 2022, versus comparable Lipper categories, excluding funds of funds.

Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

ITEM 2 – Code of Ethics

Not applicable for filing of semi-annual reports to shareholders.

ITEM 3 – Audit Committee Financial Expert

Not applicable for filing of semi-annual reports to shareholders.

ITEM 4 – Principal Accountant Fees and Services

Not applicable for filing of semi-annual reports to shareholders.

ITEM 5 – Audit Committee of Listed Registrants

Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

ITEM 6 – Schedule of Investments

Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.

ITEM 7 – Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 8 – Portfolio Managers of Closed-End Management Investment Companies

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 9 – Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

ITEM 10 – Submission of Matters to a Vote of Security Holders

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ‘‘interested persons’’ of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board’s composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. While the committee normally is able to identify from its own resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant’s Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

ITEM 11 – Controls and Procedures

(a)

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b)

There were no changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

ITEM 12 – Exhibits

(a)(1)	Not applicable for filing of semi-annual reports to shareholders.

(a)(2)	The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INTERMEDIATE BOND FUND OF AMERICA

	By __/s/ Kristine M. Nishiyama____________________
	Kristine M. Nishiyama, Principal Executive Officer

	Date: April 28, 2023

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By __/s/ Kristine M. Nishiyama_________________

Kristine M. Nishiyama,

Principal Executive Officer

Date: April 28, 2023

By ___/s/ Becky L. Park __________

Becky L. Park, Treasurer and

Principal Financial Officer

Date: April 28, 2023