ASBCX

About ASBCX

Short-Term Bond Fund of America Class C is an actively managed mutual fund focused on generating current income while preserving capital. It primarily invests in high-quality, investment-grade U.S. fixed income, including U.S. Treasury and agency securities, high-quality corporate bonds, and securitized assets such as asset-backed and mortgage-backed obligations. The portfolio emphasizes shorter interest-rate exposure, with an effective duration around two years, aligning with the short-term bond category’s lower interest-rate sensitivity. The fund distributes income monthly and maintains a broad opportunity set, holding hundreds of issuers to diversify credit and sector exposures. Managed by Capital Research and Management Company, it adheres to stringent quality standards centered on AA-or-better debt at purchase, with limited allowances for A-rated securities. Within the market, Short-Term Bond Fund of America Class C aims to provide a step up in yield versus cash-like vehicles while seeking lower volatility than intermediate- and long-term bonds, serving as a core short-duration allocation or a stabilizer alongside equity-heavy portfolios.