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American Funds Short-Term Bond Fund of America Class A (ASBAX)

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American Funds Short-Term Bond Fund of America Class A

Short-term Bond Fund Of America

333 S Hope St - 55th FL (micg)


Management Information
John R. Queen,Lead Manager since June 30, 2011
John R. Queen is president at Capital Research and Management Company. Prior to that, Queen is a portfolio manager with Mercury Advisors, his employer since 1997. Prior to joining the firm, he was associated with The Capital Group.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryShort-Term Bond
Fund FamilyAmerican Funds
Net Assets11.54B
YTD Return-0.26%
Morningstar Rating
Inception DateOct 1, 2006

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover116.00%
Average for CategoryN/A

Fees & Expenses

ExpenseASBAXCategory Average
Annual Report Expense Ratio (net)0.70%0.69%
Prospectus Net Expense Ratio0.70%N/A
Prospectus Gross Expense Ratio0.70%N/A
Max 12b1 Fee0.30%N/A
Max Front End Sales Load2.50%2.59%
Max Deferred Sales LoadN/A1.12%
3 Yr Expense Projection468N/A
5 Yr Expense Projection630N/A
10 Yr Expense Projection1,099N/A