RAMBX

About RAMBX

American Funds Short-Term Bond Fund of America R-2 is an open-end mutual fund focused on generating current income while emphasizing capital preservation. The strategy invests primarily in high-quality, short-maturity fixed income, including U.S. Treasury and agency securities, investment-grade corporate bonds, asset-backed obligations, and mortgage-backed securities. According to the adviser, the portfolio maintains short effective duration and quality standards to manage interest-rate sensitivity, with monthly income distributions reflecting its income-oriented mandate. The fund is broadly diversified across hundreds of issuers and sectors within U.S. bonds, with a smaller allocation to non-U.S. bonds and a cash sleeve for liquidity and flexibility. It is overseen by a multi-manager team within Capital Group’s fixed-income platform and is designed to serve as a conservative core bond holding or a short-duration complement within a broader asset allocation. Share class R-2 carries ongoing service and distribution fees typical of retirement-plan share classes and targets stability and steady income rather than aggressive total return.