CCAMX

About CCAMX

Short-Term Bond Fund of America 529-C Shares is a mutual fund focused on high-quality, short-maturity fixed income within a 529 plan structure. Its primary objective is to provide current income while maintaining a dollar‑weighted average effective maturity of three years or less, emphasizing investment‑grade debt and adviser‑vetted equivalents for quality assurance. The fund invests broadly across U.S. Treasuries, asset‑backed and mortgage‑backed securities, and corporate bonds, with a notable allocation to government and securitized sectors to balance liquidity and credit exposure. It distributes dividends monthly, aligning its income profile with education‑savings cash flow needs, and features Class 529‑C shares that are designed for education funding and convert to Class 529‑A after five years. Managed by Capital Group’s American Funds, the strategy maintains a short effective duration—recently around two years—to temper interest‑rate sensitivity relative to many peers. With substantial assets and a diversified issuer base, it serves as a conservative fixed‑income building block within 529 portfolios, aiming to preserve capital while generating steady interest income.