American Fd, Short-Term Fund of America, Class F-1 Shs
ASBFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- Short-term Bond Fund Of America DE United States of America
- IPO Date
- Nov 29, 2006
- CIK
- 0001368040
- Website
- americanfunds.com
- Similar Companies
- Business
- Short-Term Bond Fund of America (ASBFX), Class F-1 shares, is a mutual fund managed by Capital Group Companies that seeks current income consistent with maturity and quality standards, along with capital preservation, by investing primarily in investment-grade, short-term debt securities denominated in U.S. dollars with a dollar-weighted average effective maturity not exceeding three years. The fund's core holdings include U.S. Treasury bonds and notes (29.3%), asset-backed obligations (27.7%), mortgage-backed obligations (25.5%), high-quality corporate bonds, notes and loans (8.4%), non-U.S. government or agency securities (1.0%), and revenue bonds (0.1%), with additional allocations to cash equivalents and limited exposure (up to 10%) to lower-rated A category debt; it pays regular monthly dividends and annual capital gains in December. Launched on October 2, 2006, with assets under management of $12.1 billion as of August 31, 2025, the fund is part of the American Funds family, headquartered in Los Angeles, California, and primarily targets conservative income-oriented investors such as individuals and institutions seeking low duration (currently 2.1 years) exposure to the short-term bond category. Geographically, it focuses on U.S.-centric fixed-income markets with minor non-U.S. bond allocations (3.7%), managed by a team including portfolio managers Oliver Edmonds (since 2021), Vince Gonzales (since 2017), and John Queen (since 2013). In recent developments, the fund maintained a high portfolio turnover of 266% in 2024 amid interest rate volatility, updated its prospectus as of November 1, 2024, and benefited from parent Capital Group's December 2025 partnership with KKR to expand private credit and equity offerings across the American Funds lineup, enhancing broader fixed-income strategies available to investors.