About RAMAX
American Funds Short-Term Bond Fund of America® Class R-1 is a mutual fund designed to provide current income while preserving capital through investments primarily in high-quality, short-term debt securities denominated in U.S. dollars. It focuses on U.S. government bonds, Treasury notes, high-quality corporate bonds, mortgage-backed obligations, and asset-backed securities, with a small allocation to non-U.S. bonds. The fund maintains a short effective duration, typically around 2 years, aiming to deliver higher income than most money market securities while exhibiting lower volatility compared to intermediate- and long-term bonds. This positioning makes it suitable for investors seeking stability and income in their fixed-income portfolios. Regular dividends are paid monthly, and capital gains distributions occur annually in December. Managed by experienced portfolio managers, the fund holds a diversified portfolio of over 800 issuers, emphasizing investment-grade securities with limited exposure up to 10% in A-rated debt. Launched in 2006 and part of the Capital Group family, headquartered in the United States, it serves as a conservative fixed-income option within retirement plans and broader investment strategies.
Fund Family Capital Group
Category Short-Term Bond
Performance Rating Low
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RAMAX
Share Class Class R-1
Index Bloomberg US Govt/Credit 1-3 Y Ex BBB TR
RAMAX had a total return of 2.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.82%.
