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Morningstar

American Funds ST Bd Fd of Amer C ASBCX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.31  /  0.33 %
  • Total Assets 11.7 Bil
  • Adj. Expense Ratio
    1.380%
  • Expense Ratio 1.380%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.40%
  • Effective Duration 2.05 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:16 PM GMT+0

Morningstar’s Analysis ASBCX

Will ASBCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ASBCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ASBCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ASBCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Safety first.

Associate Director Brian Moriarty

Brian Moriarty

Associate Director

Summary

American Funds Short-Term Bond Fund of America lives up to its goals of stability and liquidity, but with its current manager configuration still somewhat new and with its very conservative profile, the fund’s ability to outperform most short-term bond Morningstar Category peers is limited to all but the most stressed market environments.

by Brian Moriarty
Rated on Published on

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Portfolio Holdings ASBCX

More ASBCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 986
  • Other Holdings 8
  • % Assets in Top 10 Holdings 28.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

14.56
1,699,129,763
Cash and Equivalents

United States Treasury Notes 4.625%

5.93
691,932,510
Government

Federal National Mortgage Association 6.5%

3.70
431,913,917
Securitized

United States Treasury Notes 2.25%

2.98
348,103,116
Government

United States Treasury Notes 1.75%

2.77
322,869,830
Government

United States Treasury Notes 4.125%

2.56
298,685,463
Government

United States Treasury Notes 2.875%

2.47
288,843,840
Government

United States Treasury Notes 2.625%

2.47
288,550,920
Government

United States Treasury Notes 3.875%

2.19
255,158,426
Government

Federal National Mortgage Association 6%

2.13
248,346,868
Securitized