American Funds Short-Term Bond Fund of America Class A (ASBAX)

Fund Assets	12.91B
Expense Ratio	0.674%
Min. Investment	$250
Turnover	154.00%
Dividend (ttm)	0.35
Dividend Yield	3.74%
Dividend Growth	-7.58%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.37
YTD Return	-0.01%
1-Year Return	0.83%
5-Year Return	8.31%
52-Week Low	9.35
52-Week High	9.65
Beta (5Y)	0.05
Holdings	1411
Inception Date	Oct 2, 2006

About ASBAX

American Funds Short-Term Bond Fund of America Class A is an actively managed open-end mutual fund focused on generating current income with an emphasis on capital preservation. The portfolio concentrates on high-quality, U.S. dollar–denominated fixed income, primarily U.S. Treasury and agency securities, investment-grade corporates, and securitized credit such as asset-backed and mortgage-backed obligations, while maintaining a short effective duration around two years to limit interest-rate sensitivity. The fund targets a dollar‑weighted average effective maturity of no more than three years and invests predominantly in bonds rated AA/Aa3 or higher, with limited allowance—up to 10%—for A-rated exposures, avoiding lower investment-grade and high-yield tiers. Managed by Capital Research and Management Company, it seeks stability and liquidity, reflected in its monthly income distributions and conservative credit profile. Within the short-term bond category, it plays a role as a core defensive ballast, aiming for higher income than money market vehicles with lower volatility than intermediate- and long-term bond strategies.

• Fund Family: Capital Group
• Category: Short-Term Bond
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: ASBAX
• Share Class: Class A
• Index: Bloomberg US Govt/Credit 1-3 Y Ex BBB TR

Performance

ASBAX had a total return of 0.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.60%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FSBTX	Class F-3	0.29%
RMMGX	Class R-6	0.29%
RAMFX	Class R-5	0.34%
FFTSX	Class 529-f-3	0.34%

Top 10 Holdings

41.16% of assets

Name	Symbol	Weight
United States Treasury Notes 4.125%	T.4.125 06.30.28	11.08%
Capital Group Central Cash Fund	n/a	11.06%
United States Treasury Notes 4.125%	T.4.125 06.15.29	5.77%
United States Treasury Notes 3.5%	T.3.5 09.30.27	4.78%
United States Treasury Notes 4%	T.4 01.15.27	2.50%
United States Treasury Notes 4%	T.4 12.15.27	1.86%
United States Treasury Notes 4%	T.4 01.31.29	1.40%
United States Treasury Notes 4%	T.4 06.30.28	0.92%
United States Treasury Notes 3.5%	T.3.5 10.15.28	0.90%
United States Treasury Notes 3.5%	T.3.5 11.30.30	0.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02909	Oct 1, 2026
Aug 31, 2026	$0.02877	Sep 1, 2026
Jul 31, 2026	$0.02987	Aug 3, 2026
Jun 30, 2026	$0.0294	Jul 1, 2026
May 29, 2026	$0.02949	Jun 1, 2026
Apr 30, 2026	$0.0288	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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