RAMCX

About RAMCX

American Funds Short-Term Bond Fund of America Class R-3 is an open-end mutual fund focused on generating current income while prioritizing capital preservation. The portfolio concentrates on high-quality, short-duration fixed income, investing primarily in U.S. government securities, investment-grade corporate bonds, and securitized assets such as asset‑backed and mortgage‑backed obligations. Its mandate emphasizes stringent credit standards, with the bulk of holdings rated in the high investment-grade tiers, aiming to deliver higher yield than money market funds with lower interest rate sensitivity than intermediate- and long-term bond strategies. Managed by Capital Research and Management Company, the fund employs a research-driven approach and diversified sector allocation across Treasuries, corporates, and structured credit to balance income and stability. Within the short-term bond category, it serves as a conservative core fixed-income holding for investors seeking modest volatility, daily income distributions, and liquidity, while complementing equity-heavy portfolios by dampening drawdowns and smoothing overall returns.