American Funds Short-Term Bond Fund of America’s conservative approach helps it serve as portfolio ballast but 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.
American Funds ST Bd Fd of Amer A ASBAX
NAV / 1-Day Return
9.41
/
0.20
%
Total Assets
11.6 Bil
Adj. Expense Ratio
0.660%
Expense Ratio
0.660%
Fee Level
Below Average
Longest Manager Tenure
11.24
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
High / LimitedMin. Initial Investment
250
Status
Open
TTM Yield
0.89%
Effective Duration
1.69
years
Morningstar’s Fund 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 conservative short-term offering.
