American Funds ST Bd Fd of Amer R-2E (RAAEX)

Fund Assets	12.91B
Expense Ratio	1.074%
Min. Investment	$250
Turnover	154.00%
Dividend (ttm)	0.32
Dividend Yield	3.40%
Dividend Growth	-7.86%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.34
YTD Return	-0.37%
1-Year Return	0.47%
5-Year Return	6.09%
52-Week Low	9.32
52-Week High	9.62
Beta (5Y)	-0.01
Holdings	1411
Inception Date	Aug 29, 2014

About RAAEX

American Funds Short-Term Bond Fund of America Class R-2E is an actively managed mutual fund focused on high-quality, short-duration fixed income. Its primary aim is to provide current income with limited interest rate sensitivity by emphasizing investment‑grade bonds and maintaining an effective duration of roughly two to three years. The portfolio concentrates on U.S. bonds, with sizable allocations to U.S. Treasuries, asset‑backed securities, and mortgage‑backed securities, complemented by select corporate and non‑U.S. government holdings. Managed by Capital Group’s multi‑manager team, the fund distributes income monthly and is positioned within the short‑term bond category, serving investors seeking stability and diversification within a broader asset allocation. The strategy’s short duration and quality bias help moderate volatility relative to core bond funds, while its broad sector mix and active security selection provide multiple sources of fixed‑income exposure. The fund has a long operating history and significant asset base, reflecting its role as a conservative building block for retirement plans and income‑oriented portfolios.

• Fund Family: Capital Group
• Category: Short-Term Bond
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: RAAEX
• Share Class: Class R-2e
• Index: Bloomberg US Govt/Credit 1-3 Y Ex BBB TR

Performance

RAAEX had a total return of 0.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.05%.

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	$0.02646	Oct 1, 2026
Aug 31, 2026	$0.02613	Sep 1, 2026
Jul 31, 2026	$0.02705	Aug 3, 2026
Jun 30, 2026	$0.02671	Jul 1, 2026
May 29, 2026	$0.02691	Jun 1, 2026
Apr 30, 2026	$0.0259	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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