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American Funds ST Bd Fd of Amer R2E RAAEX

Analyst rating as of
NAV / 1-Day Return
10.17  /  0.00
Total Assets
10.7 Bil
Adj. Expense Ratio
1.160%
Expense Ratio
1.160%
Fee Level
Below Average
Longest Manager Tenure
9.42 years
Category
US Fund Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
250
Status
Open
TTM Yield
0.75%
Effective Duration
1.61 years
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Morningstar’s Analysis

Will RAAEX outperform in future?

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American Funds Short-Term Bond Fund of America Removes a Comanager; Rating Unchanged

Analyst

Analyst Note

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On Oct. 1, 2020, Capital Group announced that effective Nov. 1, 2020, Ritchie Tuazon will no longer be a portfolio manager on American Funds Short-Term Bond Fund of America ASBAX. Tuazon has managed a sleeve of this strategy since November 2013, primarily focusing on rates and yield-curve positioning. Comanagers John Queen and Vincent Gonzales will remain in place on the strategy. Queen, a Capital Group veteran, joined this strategy as a comanager in 2011 and became its principal investment officer in November 2014.

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