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Morningstar

American Funds ST Bd Fd of Amer A ASBAX

Morningstar Analyst Rating
Analyst rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.49  /  0.31 %
  • Total Assets 11.6 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.660%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.50%
  • Effective Duration 1.47 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis ASBAX

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

People Pillar

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

A safety-first approach to short-term bonds.

Analyst

Summary

| by Sam Kulahan

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.

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