American Funds Short-Term Bond Fund of America® Class R-5E (RAAGX)
| Fund Assets | 12.79B |
| Expense Ratio | 0.44% |
| Min. Investment | $250 |
| Turnover | 154.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.08% |
| Dividend Growth | -4.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.56 |
| YTD Return | -0.22% |
| 1-Year Return | 3.69% |
| 5-Year Return | 8.66% |
| 52-Week Low | 9.52 |
| 52-Week High | 9.66 |
| Beta (5Y) | n/a |
| Holdings | 1417 |
| Inception Date | Nov 20, 2015 |
About RAAGX
American Funds Short-Term Bond Fund of America R-5E is an actively managed mutual fund focused on generating current income while emphasizing capital preservation. The strategy invests primarily in high-quality, short-duration fixed income, including U.S. Treasury and agency securities, asset‑backed and mortgage‑backed obligations, and investment‑grade corporate bonds, with a stated preference for AA‑ or higher ratings and limited exposure to A‑rated issues at purchase. The portfolio’s short-term orientation and quality bias target lower volatility than intermediate- and long-duration bond funds, aiming to provide a step up in income relative to money market instruments. Recent portfolio snapshots show meaningful allocations to U.S. Treasury notes alongside securitized credit such as asset‑backed and mortgage‑backed securities, reflecting a diversified approach within high-quality sectors. The fund distributes income monthly and is overseen by Capital Research and Management Company, leveraging a multimanager process and research-driven risk controls. Its role in the market is to serve as a conservative core fixed-income holding for investors seeking stability, liquidity, and dependable income within a short-term bond category framework.
Performance
RAAGX had a total return of 3.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.77%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02852 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03064 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03193 | Jan 2, 2026 |
| Nov 28, 2025 | $0.03114 | Dec 1, 2025 |
| Oct 31, 2025 | $0.03281 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0325 | Oct 1, 2025 |