American Funds Short-Term Bond Fund of America Class A (ASBAX)
| Fund Assets | 12.97B |
| Expense Ratio | 0.68% |
| Min. Investment | $250 |
| Turnover | 154.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.65% |
| Dividend Growth | -6.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.51 |
| YTD Return | 0.34% |
| 1-Year Return | 2.70% |
| 5-Year Return | 8.48% |
| 52-Week Low | 9.48 |
| 52-Week High | 9.65 |
| Beta (5Y) | 0.05 |
| Holdings | 1434 |
| 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 2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.64%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0294 | Jul 1, 2026 |
| May 29, 2026 | $0.02949 | Jun 1, 2026 |
| Apr 30, 2026 | $0.0288 | May 1, 2026 |
| Mar 31, 2026 | $0.02932 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02685 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02852 | Feb 2, 2026 |