Investment Fund

Share Class
Purchase Restrictions: Class 529-F-3 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Summary

Internal Prompt
Quality, preservation and income. Focused on capital preservation and income, this strategy invests in U.S. government bonds, high-quality corporate bonds, asset-backed and mortgage-backed securities. It seeks a higher yield than money market funds with low interest rate sensitivity.
Price at NAV $9.46 as of 6/21/2024 (updated daily)
Fund Assets (millions) $11,567.5
Portfolio Managers
3
Expense Ratio
(Gross/Net %)
0.35 / 0.35%

Internal Prompt

Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities0.0%
Non-U.S. Equities0.0%
U.S. Bonds88.0%
Non-U.S. Bonds4.9%
Cash & Equivalents
7.0%
As of 5/31/2024 (updated monthly)
Internal Prompt

Volatility & Return

Read important investment disclosures

Fixed-Income

For Class 529-F-3 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the fixed income funds
FFTSX
Bloomberg U.S. Government/Credit (1-3 years, ex BBB) Index
Other AF Funds
Standard Deviation as of 05/31/2024 (updated monthly) . Annualized return as of 05/31/2024 (updated monthly) .
VIEW LARGER CHART

Fund Statistics

2 years
Effective Duration
5.8%
Average Yield
to Worst
4.1%
Average Coupon
% of net assets as of 5/31/2024 (updated monthly)

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
Morningstar data as of 3/31/24 (updated quarterly)

Description

Objective
The fund's investment objective is to provide you with current income, consistent with the maturity and quality standards described in this prospectus, and preservation of capital.
Distinguishing Characteristics
Focused on current income and capital preservation, this fund invests primarily in U.S. government bonds, high-quality corporate bonds, asset-backed and mortgage-backed securities. It seeks a higher yield than money market funds with lower interest rate sensitivity than intermediate and long-term bond funds. The high-quality approach may result in lower correlation with equity markets than the average short-term bond fund.
Types of Investments
Primarily corporate and government bonds, mortgage- and asset-backed securities and cash.
Maturity
The fund's portfolio will have a dollar-weighted average maturity no greater than three years.
Portfolio Restrictions
The fund will primarily invest in debt securities rated AA- or better or Aa3 or better at the time of purchase (or unrated but determined by the fund’s investment adviser to be of equivalent quality). Up to 10% of assets can be invested in debt securities in the A rating category. The fund will not purchase debt securities rated BBB+ or below and Baa1 or below.

Fund Facts

Fund Inception 10/02/2006
Fund Assets (millions)
As of 5/31/2024
$11,567.5
Companies/Issuers
Holdings are as of 5/31/2024 (updated monthly).
694+
Shareholder Accounts
Shareholder accounts are as of 5/31/2024
1
Regular Dividends Paid
Monthly
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2023) 203%
Fiscal Year-End Aug
Prospectus Date 11/01/2023
CUSIP 82524A 730
Fund Number 1748

Returns

Internal Prompt

Month-End Returns as of 5/31/24

FFTSX
Bloomberg U.S. Government/Credit (1-3 years, ex BBB) Index

Quarter-End Returns as of 3/31/24

Growth of 10K

High & Low Prices

Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 4.04% 4.96%
Fund at MOP N/A N/A
As of 5/31/2024 (updated monthly)
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Oliver V. Edmonds 3 20 21
Vincent J. Gonzales 7 12 16
John R. Queen 12 22 34
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(525)
3-yr. Morningstar RatingTM
(525 funds rated)
5-yr. Morningstar RatingTM
(485 funds rated)
10-yr. Morningstar RatingTM
(356 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Category Short-Term Bond
Ratings are based on risk-adjusted returns as of 5/31/2024 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(66)

(66)
Expense Within Category
Funds Rated

(301)

(301)
Preservation Within Category
Funds Rated

(6133)

(6133)
Tax Efficiency Within Category
Funds Rated

(66)

(66)
Total Return Within Category
Funds Rated

(66)

(66)
Category Short US Govt Funds
KEY
HIGHEST LOWEST
As of 5/31/2024 (updated monthly)

Risk Measures

Fund
Standard Deviation
1.44
Sharpe Ratio
-0.35
For the 10 Years ending 5/31/24 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
Bloomberg U.S. Government/Credit (1-3 years, ex BBB) Index
Bloomberg US Agg Bond TR USD
R-squared 92 69
Beta 0.95 0.24
Capture Ratio (Downside/Upside) 104/96 16/28
American Funds Benchmark for the 10 Years ending 5/31/24 (updated monthly).
Morningstar Benchmark for the 10 Years ending 5/31/24 (updated monthly).
U.S. Treasuries/Agencies
36.1%
AAA/Aaa
40.9%
AA/Aa
5.7%
A
7.5%
BBB/Baa
0.0%
Unrated
2.6%
Cash & equivalents
7.1%
% of net assets as of 5/31/2024 (updated monthly)

Average Life Breakdown

0-4.9 Years
82.0%
5-9.9 Years
9.0%
10-19.9 Years
0.8%
20-29.9 Years
0.2%
30+ Years
--
% of net assets as of 3/31/2024 (updated monthly)

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
U.S. Treasury bonds & notes 35.3%
Asset-backed obligations 20.3%
Non-U.S. government/agency securities 3.1%

% of net assets as of 3/31/2024 (updated quarterly)

Top Fixed-Income Issuers

U.S. Treasury
35.2%
UMBS
5.8%
Fannie Mae
3.3%
Federal Home Loan Mortgage
3.3%
JPMorgan Chase
0.6%

% of net assets as of 3/31/2024 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 06/21/24

2024
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
Daily 01/31/24 02/01/24 $0.0327497 $0.00 $0.00 $0.00 $9.53
Daily 02/29/24 03/01/24 $0.0312099 $0.00 $0.00 $0.00 $9.47
Daily 03/28/24 04/01/24 $0.0338307 $0.00 $0.00 $0.00 $9.47
Daily 04/30/24 05/01/24 $0.0344522 $0.00 $0.00 $0.00 $9.40
Daily 05/31/24 06/03/24 $0.0352526 $0.00 $0.00 $0.00 $9.44
2024 Year-to-Date: Dividends Subtotal: $0.16749499 Cap Gains Subtotal: $0.00
Total Distributions: $0.16749499

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.25%
Other Expenses 0.10%
Service 12b-1 --
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

FFTSX 0.35%
Lipper Short U.S. Government Funds Average
--%
Fund as of most recent prospectus. Lipper Category as of -- (updated quarterly).