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Morningstar

American Funds ST Bd Fd of Amer R2 RAMBX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.19  /  0.01 %
  • Total Assets 11.6 Bil
  • Adj. Expense Ratio
    1.370%
  • Expense Ratio 1.370%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Small
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.10%
  • Effective Duration 2.02 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis RAMBX

Will RAMBX 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 RAMBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

A safety-first approach to short-term bonds.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

American Funds Short-Term Bond Fund of America’s management team has seen changes recently and its conservative approach could limit its range relative to short-term bond Morningstar Category peers, along with its ability to outperform over the long term. Its cheapest share classes earn a Morningstar Analyst Rating of Neutral, while its pricier share classes are rated Negative.

by Sam Kulahan
Rated on Published on

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Portfolio Holdings RAMBX

More RAMBX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 939
  • Other Holdings 8
  • % Assets in Top 10 Holdings 23.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

15.25
1,862,440,258
Cash and Equivalents

United States Treasury Notes 3.25%

3.23
394,570,691
Government

United States Treasury Notes 2.5%

2.86
349,497,500
Government

United States Treasury Notes 1.75%

2.64
322,617,031
Government

United States Treasury Notes 4.125%

2.48
303,260,036
Government

United States Treasury Notes 2.625%

2.45
299,416,443
Government

United States Treasury Notes 3%

2.44
297,863,488
Government

United States Treasury Notes 2.875%

2.36
288,607,530
Government

United States Treasury Notes 3.875%

2.10
256,461,962
Government

United States Treasury Notes 4.25%

2.06
251,189,896
Government