Morningstar

American Funds Short-Term Bond Fund of America® Class 529-F-2 FTSBX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 9.48  /  −0.11 %
  • Total Assets 13.0B
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.390%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 4.04%
  • Effective Duration 2.26 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FTSBX

Will FTSBX outperform in the 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 FTSBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FTSBX 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 FTSBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Focus on safety limits its return potential.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

American Funds Short-Term Bond Fund of America’s high-quality portfolio meets investors’ expectations but doesn’t stand out among short-term Morningstar Category peers.

by Ken Noguchi
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FTSBX

More FTSBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.125%

11.08 1B
Government

Capital Group Central Cash Fund

11.06 1B
Cash and Equivalents

United States Treasury Notes 4.125%

5.77 751M
Government

United States Treasury Notes 3.5%

4.78 622M
Government

United States Treasury Notes 4%

2.50 325M
Government

United States Treasury Notes 4%

1.86 241M
Government

United States Treasury Notes 4%

1.40 182M
Government

United States Treasury Notes 4%

0.92 120M
Government

United States Treasury Notes 3.5%

0.90 117M
Government

United States Treasury Notes 3.5%

0.90 117M
Government

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