American Funds Short-Term Bond Fund of America® Class R-1 (RAMAX)
| Fund Assets | 12.68B |
| Expense Ratio | 1.39% |
| Min. Investment | $250 |
| Turnover | 154.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.14% |
| Dividend Growth | -4.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.46 |
| YTD Return | 0.45% |
| 1-Year Return | 4.64% |
| 5-Year Return | 5.45% |
| 52-Week Low | 9.06 |
| 52-Week High | 9.47 |
| Beta (5Y) | n/a |
| Holdings | 1417 |
| Inception Date | Dec 26, 2006 |
About RAMAX
American Funds Short-Term Bond Fund of America® Class R-1 is an open-end mutual fund focused on generating current income while emphasizing capital preservation. It concentrates on **high-quality, short-duration** fixed income, primarily U.S. government bonds, investment-grade corporate debt, and sizable allocations to asset-backed and mortgage-backed securities, maintaining a dollar‑weighted average effective maturity of no more than three years. The strategy targets a yield above typical money market funds with **lower interest-rate sensitivity** than intermediate and long-term bond funds, reflected in its short effective duration profile and high credit standards centered on AA/Aa3 or better, with a limited allowance for A-rated issues. Managed by Capital Research and Management Company, the fund distributes **monthly income** and is widely used for liquidity management and risk dampening within diversified portfolios. Its portfolio scale, diversified issuer base, and benchmark orientation toward short U.S. government/credit exposures underscore its role as a **defensive core bond holding** in the short-term bond category.
Performance
RAMAX had a total return of 4.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.06%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02251 | Feb 2, 2026 |
| Dec 31, 2025 | $0.02383 | Jan 2, 2026 |
| Nov 28, 2025 | $0.02322 | Dec 1, 2025 |
| Oct 31, 2025 | $0.02467 | Nov 3, 2025 |
| Sep 30, 2025 | $0.02456 | Oct 1, 2025 |
| Aug 29, 2025 | $0.02499 | Sep 2, 2025 |