American Funds Short-Term Bond Fund of America (ASBAX)
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 1.36% | -3.13% |
| Year-To-Date | 1.43% | 2.92% |
| 6 months | 1.50% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.82% | -0.86% | ||||||||||
| 2022 | -1.36% | -0.08% | 0.70% | 0.19% |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2021 | 435 | Oct 20, 2022 | — | — | — |
| -2.16% | Sep 16, 2008 | 31 | Oct 28, 2008 | 53 | Jan 14, 2009 | 84 |
| -1.67% | Mar 6, 2020 | 13 | Mar 24, 2020 | 26 | Apr 30, 2020 | 39 |
| -1.38% | May 3, 2013 | 87 | Sep 5, 2013 | 174 | May 15, 2014 | 261 |
| -1.38% | Jan 24, 2008 | 99 | Jun 13, 2008 | 59 | Sep 9, 2008 | 158 |
| -1.19% | Sep 12, 2017 | 154 | Apr 23, 2018 | 159 | Dec 7, 2018 | 313 |
| -1.17% | Nov 5, 2010 | 28 | Dec 15, 2010 | 115 | Jun 1, 2011 | 143 |
| -0.96% | May 21, 2009 | 14 | Jun 10, 2009 | 15 | Jul 1, 2009 | 29 |
| -0.92% | Nov 8, 2016 | 27 | Dec 15, 2016 | 81 | Apr 13, 2017 | 108 |
| -0.79% | Dec 1, 2009 | 19 | Dec 28, 2009 | 27 | Feb 5, 2010 | 46 |
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.