SBFFX

About SBFFX

American Funds Short-Term Bond Fund of America Class F-2 is an open-end mutual fund focused on generating current income while emphasizing capital preservation. It primarily invests in U.S. dollar–denominated, high-quality short‑maturity debt, including U.S. government and agency securities, investment‑grade corporate bonds, as well as asset‑backed and mortgage‑backed securities, with a targeted dollar‑weighted average effective maturity of three years or less. The portfolio is broadly diversified across hundreds of issuers and is managed against a short‑duration government/credit benchmark, seeking lower interest‑rate sensitivity than core bond strategies. The fund distributes income monthly and is positioned as a conservative fixed‑income holding for cash management or ballast within multi‑asset allocations, aiming to provide stability through short duration and high credit quality. Notable characteristics include substantial exposure to U.S. bonds, a large asset base, and a process that allows limited allocation to A‑rated securities while prioritizing higher‑rated holdings, reflecting its quality bias and preservation mandate.