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Trending ETFs

Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.55

$11.5 B

3.89%

$0.37

0.67%

Vitals

YTD Return

4.5%

1 yr return

5.3%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.4%

Net Assets

$11.5 B

Holdings in Top 10

34.5%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load 2.50%

Deferred Load N/A

TRADING FEES

Turnover 147.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

$25


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.55

$11.5 B

3.89%

$0.37

0.67%

CAAFX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.45%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Short-Term Bond Fund of America
  • Fund Family Name
    Capital Group Fund Group
  • Inception Date
    Aug 19, 2008
  • Shares Outstanding
    N/A
  • Share Class
    529-A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Queen

Fund Description

The fund will invest at least 80% of its assets in bonds (bonds include any debt instrument and cash equivalents, and may be represented by derivatives). The fund 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 by Nationally Recognized Statistical Rating Organizations designated by the fund’s investment adviser or unrated but determined to be of equivalent quality by the fund’s investment adviser. The fund may invest up to 10% of its assets in debt securities in the A rating category or in unrated securities determined by the fund’s investment adviser to be of equivalent quality.

The fund primarily invests in debt securities denominated in U.S. dollars, including securities issued and guaranteed by the U.S. government, securities of corporate issuers, mortgage-backed securities and debt securities and mortgage-backed securities issued by government sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the U.S. government. In addition, the fund may invest in asset-backed securities (securities backed by assets such as auto loans, credit card receivables or other providers of credit).

The fund may invest in inflation-linked bonds issued by U.S. and non-U.S. governments, their agencies or instrumentalities, and corporations. Inflation-linked bonds are structured to protect against inflation by linking the bond’s principal and interest payments to an inflation index, such as the Consumer Price Index for Urban Consumers, so that principal and interest adjust to reflect changes in the index.

The fund may also invest in futures contracts and swaps, which are types of derivatives. A derivative is a financial contract, the value of which is based on the value of an underlying financial asset (such as a stock, bond or currency), a reference rate or a market index.

The investment adviser uses a system of multiple portfolio managers in managing the fund’s assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

The fund relies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basic investment philosophy of the investment adviser is to seek to invest in attractively priced securities that, in its opinion, represent good investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relatively attractive investment opportunities.

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CAAFX - Performance

Return Ranking - Trailing

Period CAAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% 0.9% 19.9% 75.24%
1 Yr 5.3% 2.4% 21.5% 90.40%
3 Yr 1.3%* -5.0% 6.1% 67.90%
5 Yr 1.4%* -3.8% 5.8% 75.31%
10 Yr 1.3%* -18.5% 170.6% 83.38%

* Annualized

Return Ranking - Calendar

Period CAAFX Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -1.6% 7.6% 92.50%
2022 -5.1% -17.7% -2.6% 10.18%
2021 -1.3% -4.0% 4.4% 23.34%
2020 1.4% -7.1% 7.6% 67.28%
2019 1.1% -2.3% 9.3% 89.15%

Total Return Ranking - Trailing

Period CAAFX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% 0.9% 19.9% 75.24%
1 Yr 5.3% 2.4% 21.5% 90.40%
3 Yr 1.3%* -5.0% 6.1% 67.90%
5 Yr 1.4%* -3.8% 5.8% 75.31%
10 Yr 1.3%* -18.5% 170.6% 83.38%

* Annualized

Total Return Ranking - Calendar

Period CAAFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% 1.8% 15.2% 91.92%
2022 -3.8% -17.3% -1.3% 22.31%
2021 0.1% -2.7% 7.7% 43.06%
2020 3.7% -2.4% 14.5% 65.43%
2019 3.1% 0.6% 12.6% 94.04%

NAV & Total Return History


CAAFX - Holdings

Concentration Analysis

CAAFX Category Low Category High CAAFX % Rank
Net Assets 11.5 B 14.5 K 57.3 B 9.20%
Number of Holdings 1273 2 8314 13.41%
Net Assets in Top 10 4.07 B 1.05 M 6.81 B 8.24%
Weighting of Top 10 34.54% 2.0% 108.1% 23.75%

Top 10 Holdings

  1. CAPITAL GROUP CENTRAL CASH FUND 13.13%
  2. UNITED STATES TREASURY NOTE 4.0% 01-15-27 3.70%
  3. UNITED STATES TREASURY NOTE 4.625% 06-30-25 3.35%
  4. UNITED STATES TREASURY NOTE 4.125% 09-30-27 2.61%
  5. UNITED STATES TREASURY NOTE 3.75% 08-15-27 2.40%
  6. UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.125% 04-15-25 2.25%
  7. UNITED STATES TREASURY NOTE 4.125% 06-15-26 2.14%
  8. UNITED STATES TREASURY NOTE 5.0% 08-31-25 1.84%
  9. UNITED STATES TREASURY NOTE 3.875% 01-15-26 1.77%
  10. UNITED STATES TREASURY NOTE 4.0% 01-31-29 1.35%

Asset Allocation

Weighting Return Low Return High CAAFX % Rank
Bonds
64.49% 0.00% 131.65% 84.87%
Other
24.42% -0.97% 73.75% 14.56%
Cash
13.13% -20.59% 68.64% 6.70%
Convertible Bonds
1.56% 0.00% 27.71% 68.52%
Stocks
0.00% 0.00% 99.96% 63.79%
Preferred Stocks
0.00% 0.00% 24.12% 61.30%

Bond Sector Breakdown

Weighting Return Low Return High CAAFX % Rank
Government
57.56% 0.00% 73.63% 4.61%
Securitized
20.39% 0.00% 97.27% 67.56%
Cash & Equivalents
13.13% 0.00% 68.64% 6.13%
Corporate
10.40% 0.00% 99.82% 92.13%
Municipal
0.25% 0.00% 14.41% 23.42%
Derivative
0.06% -0.72% 25.70% 24.14%

Bond Geographic Breakdown

Weighting Return Low Return High CAAFX % Rank
US
64.49% 0.00% 126.86% 83.52%
Non US
0.00% 0.00% 87.70% 60.92%

CAAFX - Expenses

Operational Fees

CAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.01% 3.29% 50.96%
Management Fee 0.25% 0.00% 1.19% 28.93%
12b-1 Fee 0.24% 0.00% 1.00% 25.09%
Administrative Fee 0.05% 0.01% 0.41% 30.81%

Sales Fees

CAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.50% 0.50% 5.75% 32.43%
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

CAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CAAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 147.00% 2.00% 500.00% 77.92%

CAAFX - Distributions

Dividend Yield Analysis

CAAFX Category Low Category High CAAFX % Rank
Dividend Yield 3.89% 0.00% 11.11% 55.36%

Dividend Distribution Analysis

CAAFX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

CAAFX Category Low Category High CAAFX % Rank
Net Income Ratio 0.45% -1.27% 4.98% 85.77%

Capital Gain Distribution Analysis

CAAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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CAAFX - Fund Manager Analysis

Managers

John Queen


Start Date

Tenure

Tenure Rank

Jul 01, 2011

10.92

10.9%

John R. Queen is a fixed income portfolio manager at Capital Group. He also serves on the Portfolio Solutions Committee. He has 32 years of investment experience and has been with Capital Group for 20 years. Earlier in his career at Capital, John was a trader and dealer service representative. Prior to joining Capital, he was chief operating officer and chief compliance officer, as well as managing director overseeing bond portfolios at Roxbury Capital Management, an affiliate of Wilmington Trust. Before that, he was managing director at Hotchkis and Wiley. John holds a bachelor’s degree in industrial management from Purdue University and attended the U.S. Military Academy at West Point, where he majored in mechanical engineering. He also holds the Chartered Financial Analyst® designation. John is based in Los Angeles.

Vincent Gonzales


Start Date

Tenure

Tenure Rank

Nov 01, 2016

5.58

5.6%

Vincent J. Gonzales is a fixed income portfolio manager at Capital Group. As a fixed income investment analyst, he covers commercial mortgage-backed securities and asset-backed securities. He has 12 years of investment experience and has been with Capital Group for seven years. Prior to joining Capital, he was an associate at Newstone Capital Partners. Before that, he was an investment banking analyst at Goldman Sachs & Co. He holds an MBA from Harvard Business School and a bachelor’s degree in management science & engineering from Stanford University. Vince is based in Los Angeles.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41