The American Funds Inflation Linked Bond Fund - Class T (TILBX) is a mutual fund that primarily invests in inflation-linked bonds issued by the US government and corporations. These bonds are designed to protect against inflation by adjusting their interest rates based on changes in the Consumer Price Index (CPI). This fund aims to provide investors with a steady stream of income and potential for capital appreciation while also mitigating the effects of inflation on their investments. Class T shares are typically offered to institutional investors and have lower fees compared to other share classes.