CEAMX

About CEAMX

American Funds Short-Term Bond Fund of America 529-E is a U.S. taxable bond mutual fund designed to deliver current income with low interest rate sensitivity for 529 plan investors. The strategy maintains a dollar‑weighted average effective maturity of no greater than three years and invests primarily in high-quality debt, typically rated AA/Aa3 or better, including U.S. Treasury and agency securities, asset‑backed and mortgage‑backed obligations, with a smaller allocation to high‑grade corporates and select non‑U.S. government issues. The fund distributes income monthly and targets a yield profile above money market funds while emphasizing capital preservation through short duration and broad sector diversification. Managed by Capital Group, it uses a benchmark tied to the 1–3 year U.S. government/credit universe excluding BBB, reflecting its quality bias and short‑term focus. The portfolio’s composition and conservative risk posture position it as a core short‑term fixed income holding within education savings programs, offering liquidity, high credit quality, and a disciplined approach to managing duration and spread risk across securitized and government-backed markets.