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American Funds Short-Term Bond Fund of America (ASBAX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

The investment seeks current income, consistent with the maturity and quality standards described in the prospectus, and preservation of capital. The fund will invest at least 80% of its assets in bonds (bonds include any debt instrument and cash equivalents). It maintains a portfolio of bonds, other debt securities and money market instruments having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities rated AA- or Aa3 or better. The fund primarily invests in debt securities denominated in U.S. dollars. It may invest up to 10% of its assets in debt securities in the A rating category.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in American Funds Short-Term Bond Fund of America in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $12,229 for a total return of roughly 22.29%. All prices are adjusted for splits and dividends.


0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
2.04%
7.42%
ASBAX (American Funds Short-Term Bond Fund of America)
Benchmark (^GSPC)

S&P 500

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Return

American Funds Short-Term Bond Fund of America had a return of 1.43% year-to-date (YTD) and -0.82% in the last 12 months. Over the past 10 years, American Funds Short-Term Bond Fund of America had an annualized return of 0.63%, while the S&P 500 had an annualized return of 9.86%, indicating that American Funds Short-Term Bond Fund of America did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month1.36%-3.13%
Year-To-Date1.43%2.92%
6 months1.50%2.02%
1 year-0.82%-11.46%
5 years (annualized)0.97%7.79%
10 years (annualized)0.63%9.86%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20230.82%-0.86%
2022-1.36%-0.08%0.70%0.19%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current American Funds Short-Term Bond Fund of America Sharpe ratio is -0.29. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.29
-0.45
ASBAX (American Funds Short-Term Bond Fund of America)
Benchmark (^GSPC)

Dividend History

American Funds Short-Term Bond Fund of America granted a 1.78% dividend yield in the last twelve months. The annual payout for that period amounted to $0.17 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.17$0.13$0.04$0.21$0.18$0.17$0.11$0.08$0.10$0.04$0.06$0.09

Dividend yield

1.78%1.37%0.42%2.12%1.87%1.80%1.22%0.90%1.09%0.43%0.68%1.05%

Monthly Dividends

The table displays the monthly dividend distributions for American Funds Short-Term Bond Fund of America. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02
2022$0.00$0.00$0.01$0.01$0.01$0.01$0.01$0.02$0.01$0.01$0.02$0.02
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2020$0.01$0.01$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.10
2019$0.01$0.01$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.02
2018$0.01$0.01$0.02$0.02$0.01$0.02$0.02$0.01$0.01$0.01$0.01$0.02
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00
2015$0.01$0.00$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.00$0.02
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2013$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.00$0.01
2012$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%-5.00%NovemberDecember2023FebruaryMarch
-3.35%
-17.62%
ASBAX (American Funds Short-Term Bond Fund of America)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the American Funds Short-Term Bond Fund of America. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the American Funds Short-Term Bond Fund of America is 5.97%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.97%Feb 1, 2021435Oct 20, 2022
-2.16%Sep 16, 200831Oct 28, 200853Jan 14, 200984
-1.67%Mar 6, 202013Mar 24, 202026Apr 30, 202039
-1.38%May 3, 201387Sep 5, 2013174May 15, 2014261
-1.38%Jan 24, 200899Jun 13, 200859Sep 9, 2008158
-1.19%Sep 12, 2017154Apr 23, 2018159Dec 7, 2018313
-1.17%Nov 5, 201028Dec 15, 2010115Jun 1, 2011143
-0.96%May 21, 200914Jun 10, 200915Jul 1, 200929
-0.92%Nov 8, 201627Dec 15, 201681Apr 13, 2017108
-0.79%Dec 1, 200919Dec 28, 200927Feb 5, 201046

Volatility Chart

Current American Funds Short-Term Bond Fund of America volatility is 8.13%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
8.13%
20.82%
ASBAX (American Funds Short-Term Bond Fund of America)
Benchmark (^GSPC)