American Funds Short-Term Bond Fund of America Class C (ASBCX)
| Fund Assets | 12.89B |
| Expense Ratio | 1.38% |
| Min. Investment | $250 |
| Turnover | 154.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 3.08% |
| Dividend Growth | -7.66% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.35 |
| YTD Return | -0.32% |
| 1-Year Return | 2.44% |
| 5-Year Return | 4.24% |
| 52-Week Low | 9.34 |
| 52-Week High | 9.49 |
| Beta (5Y) | n/a |
| Holdings | 1434 |
| Inception Date | Nov 6, 2006 |
About ASBCX
Short-Term Bond Fund of America Class C is an actively managed mutual fund focused on generating current income while preserving capital. It primarily invests in high-quality, investment-grade U.S. fixed income, including U.S. Treasury and agency securities, high-quality corporate bonds, and securitized assets such as asset-backed and mortgage-backed obligations. The portfolio emphasizes shorter interest-rate exposure, with an effective duration around two years, aligning with the short-term bond category’s lower interest-rate sensitivity. The fund distributes income monthly and maintains a broad opportunity set, holding hundreds of issuers to diversify credit and sector exposures. Managed by Capital Research and Management Company, it adheres to stringent quality standards centered on AA-or-better debt at purchase, with limited allowances for A-rated securities. Within the market, Short-Term Bond Fund of America Class C aims to provide a step up in yield versus cash-like vehicles while seeking lower volatility than intermediate- and long-term bonds, serving as a core short-duration allocation or a stabilizer alongside equity-heavy portfolios.
Performance
ASBCX had a total return of 2.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.85%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.02288 | May 1, 2026 |
| Mar 31, 2026 | $0.02322 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02131 | Mar 2, 2026 |
| Jan 30, 2026 | $0.02239 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02385 | Jan 2, 2026 |
| Nov 28, 2025 | $0.02325 | Dec 1, 2025 |