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American Funds ST Bd Fd of Amer R2E (RAAEX)

9.39 0.00 (0.00%)
As of 8:05 AM EDT. Market Open.

Fund Summary

The fund will invest at least 80% of its assets in bonds (bonds include any debt instrument and cash equivalents). It maintains a portfolio of bonds, other debt securities and money market instruments having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities rated AA- or Aa3 or better. The fund primarily invests in debt securities denominated in U.S. dollars. It may invest up to 10% of its assets in debt securities in the A rating category.

American Funds ST Bd Fd of Amer R2E

LOS ANGELES CA 90071
333 S Hope St - 55th FL (micg)
213-486-9200

Fund Overview

Category Short-Term Bond
Fund Family American Funds
Net Assets 11.52B
YTD Return 0.33%
Yield 3.16%
Morningstar Rating
Inception Date Aug 19, 2008

Fund Operations

Last Dividend 0.08
Last Cap Gain -6.00
Holdings Turnover --
Average for Category --

Fees & Expenses

Expense RAAEX Category Average
Annual Report Expense Ratio (net) 0.40% 0.68%
Prospectus Net Expense Ratio 0.40% --
Prospectus Gross Expense Ratio 0.40% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.12%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

John R. Queen, Lead Manager since July 01, 2011
John R. Queen is a fixed income portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 34 years of investment industry experience and has been with Capital Group for 22 years. Earlier in his career at Capital, John was a trader and dealer service representative. Previously in his career, he was chief operating officer and chief compliance officer, as well as managing director overseeing bond portfolios at Roxbury Capital Management, an affiliate of Wilmington Trust. Before that, he was managing director at Hotchkis and Wiley. John holds a bachelor's degree in industrial management from Purdue University and attended the U.S. Military Academy at West Point, where he majored in mechanical engineering. He also holds the Chartered Financial Analyst® designation. John is based in Los Angeles.

Morningstar Style Box

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.

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