Fund info

American Funds Short-Term Bond Fund of America Class R-2E is an actively managed mutual fund focused on high-quality, short-duration fixed income. Its primary aim is to provide current income with limited interest rate sensitivity by emphasizing investment‑grade bonds and maintaining an effective duration of roughly two to three years. The portfolio concentrates on U.S. bonds, with sizable allocations to U.S. Treasuries, asset‑backed securities, and mortgage‑backed securities, complemented by select corporate and non‑U.S. government holdings. Managed by Capital Group’s multi‑manager team, the fund distributes income monthly and is positioned within the short‑term bond category, serving investors seeking stability and diversification within a broader asset allocation. The strategy’s short duration and quality bias help moderate volatility relative to core bond funds, while its broad sector mix and active security selection provide multiple sources of fixed‑income exposure. The fund has a long operating history and significant asset base, reflecting its role as a conservative building block for retirement plans and income‑oriented portfolios.