American Funds Short-Term Bond Fund of America Class A (ASBAX)
| Fund Assets | 12.79B |
| Expense Ratio | 0.68% |
| Min. Investment | $250 |
| Turnover | 154.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.74% |
| Dividend Growth | -4.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.55 |
| YTD Return | -0.26% |
| 1-Year Return | 3.45% |
| 5-Year Return | 7.79% |
| 52-Week Low | 9.52 |
| 52-Week High | 9.65 |
| Beta (5Y) | 0.05 |
| Holdings | 1417 |
| 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.
Performance
ASBAX had a total return of 3.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.63%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02685 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02852 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02999 | Jan 2, 2026 |
| Nov 28, 2025 | $0.0292 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0309 | Nov 3, 2025 |
| Sep 30, 2025 | $0.03061 | Oct 1, 2025 |