RMMGX

About RMMGX

American Funds Short-Term Bond Fund of America, Class R-6 is an actively managed mutual fund focused on high-quality, short-duration fixed income. Its primary objective is to provide current income with limited interest rate sensitivity by emphasizing U.S. dollar–denominated bonds and maintaining a conservative maturity profile. The portfolio is broadly diversified across U.S. Treasuries, agency mortgage‑backed securities, and asset‑backed obligations, with a modest allocation to investment‑grade corporates and minimal exposure to non‑U.S. bonds and equities. The fund pays dividends monthly and targets capital preservation through rigorous credit research and liquidity management. It features a low effective duration relative to core bond strategies, aiming to dampen volatility while offering a yield premium over money market funds. Managed by Capital Group’s fixed‑income team, the strategy has hundreds of issuers and a sizable asset base, reflecting its role as a core short‑term bond allocation for retirement plans and institutions seeking stability, predictable income, and diversified exposure within the front end of the yield curve.