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American Funds Strategic Bond Fund
mutual fund
RANCX
Payout Change
Pending
Price as of:
$8.93
-0.14
-1.54%
primary theme
U.S. Intermediate-Term Bond Duration
RANCX (Mutual Fund)
American Funds Strategic Bond Fund
Payout Change
Pending
Price as of:
$8.93
-0.14
-1.54%
primary theme
U.S. Intermediate-Term Bond Duration
RANCX (Mutual Fund)
American Funds Strategic Bond Fund
Payout Change
Pending
Price as of:
$8.93
-0.14
-1.54%
primary theme
U.S. Intermediate-Term Bond Duration
Name
As of 12/18/2024Price
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
Vitals
YTD Return
-1.7%
1 yr return
-0.9%
3 Yr Avg Return
-4.7%
5 Yr Avg Return
0.2%
Net Assets
$19.6 B
Holdings in Top 10
22.3%
52 WEEK LOW AND HIGH
$9.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 164.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/18/2024Price
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
RANCX - Profile
Distributions
- YTD Total Return -1.7%
- 3 Yr Annualized Total Return -4.7%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.21%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAmerican Funds Strategic Bond Fund
-
Fund Family NameCapital Group Fund Group
-
Inception DateMar 18, 2016
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDamien McCann
Fund Description
The fund will invest at least 80% of its assets in bonds and other debt securities, which may be represented by derivatives. The fund may invest in a broad range of debt securities, including corporate bonds and debt 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.
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 invest in forward currency contracts, 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 fund will invest no more than 35% of its assets in securities rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Ratings Organizations designated by the fund’s investment adviser, or in securities that are unrated but determined to be of equivalent quality by the fund’s investment adviser. Such securities are sometimes referred to as “junk bonds.” The fund may invest up to 35% of its assets in securities denominated in currencies other than the U.S. dollar and up to 35% of its assets in securities of emerging market issuers.
The fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
The fund’s assets are managed by a team of portfolio managers. Under this approach, the fund’s managers will work together to oversee the fund’s entire portfolio.
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.
RANCX - Performance
Return Ranking - Trailing
| Period | RANCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.7% | -7.5% | 11.4% | 97.41% |
| 1 Yr | -0.9% | -6.5% | 14.2% | 96.89% |
| 3 Yr | -4.7%* | -10.6% | 27.3% | 96.59% |
| 5 Yr | 0.2%* | -7.5% | 58.4% | 36.98% |
| 10 Yr | N/A* | -3.0% | 73.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RANCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.4% | -16.2% | 8.1% | 97.82% |
| 2022 | -17.1% | -34.7% | 131.9% | 79.47% |
| 2021 | -2.7% | -11.6% | 4.4% | 23.80% |
| 2020 | 13.5% | -9.9% | 946.1% | 3.68% |
| 2019 | 4.7% | -1.7% | 16.9% | 73.59% |
Total Return Ranking - Trailing
| Period | RANCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.7% | -7.5% | 11.4% | 97.41% |
| 1 Yr | -0.9% | -6.5% | 14.2% | 96.89% |
| 3 Yr | -4.7%* | -10.6% | 27.3% | 96.59% |
| 5 Yr | 0.2%* | -7.5% | 58.4% | 36.98% |
| 10 Yr | N/A* | -3.0% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RANCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.3% | -11.3% | 11.9% | 98.75% |
| 2022 | -13.0% | -32.2% | 131.9% | 30.64% |
| 2021 | -1.3% | -9.4% | 9.2% | 61.18% |
| 2020 | 17.7% | -1.9% | 1009.0% | 3.45% |
| 2019 | 7.7% | 1.1% | 21668.0% | 78.51% |
NAV & Total Return History
RANCX - Holdings
Concentration Analysis
| RANCX | Category Low | Category High | RANCX % Rank | |
|---|---|---|---|---|
| Net Assets | 19.6 B | 2.9 M | 314 B | 12.94% |
| Number of Holdings | 2147 | 1 | 17880 | 17.63% |
| Net Assets in Top 10 | 4.48 B | 1.62 M | 35.1 B | 10.79% |
| Weighting of Top 10 | 22.27% | 4.7% | 3984.6% | 53.65% |
Top 10 Holdings
- CAPITAL GROUP CENTRAL CASH FUND 9.06%
- UNITED STATES TREASURY NOTE 4.25% 02-15-54 2.21%
- FNCL UMBS 5.0 SD4977 11-01-53 1.92%
- UNITED STATES TREASURY NOTE 3.5% 01-31-30 1.70%
- FNCL UMBS 5.0 FS7252 11-01-53 1.59%
- FNCL 6.5 UMBS TBA 10-01-54 1.46%
- UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 0.125% 02-15-51 1.27%
- UNITED STATES TREASURY NOTE 4.375% 11-15-39 1.09%
- FNCL UMBS 4.5 CB4384 08-01-52 1.05%
- BRAZIL NOTAS DO TESOURO NACIONAL SERIE B BRL I/L 6.0% 08-15-50 0.92%
Asset Allocation
| Weighting | Return Low | Return High | RANCX % Rank | |
|---|---|---|---|---|
| Bonds | 89.13% | 0.00% | 9231.88% | 73.60% |
| Cash | 9.06% | -54.51% | 237.69% | 17.22% |
| Other | 6.05% | -27.25% | 1695.17% | 38.90% |
| Convertible Bonds | 1.37% | 0.00% | 7.93% | 54.75% |
| Stocks | 0.04% | 0.00% | 99.98% | 23.60% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 52.18% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RANCX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 32.08% |
| Technology | 0.00% | 0.00% | 43.45% | 28.72% |
| Real Estate | 0.00% | 0.00% | 99.26% | 27.79% |
| Industrials | 0.00% | 0.00% | 48.31% | 31.81% |
| Healthcare | 0.00% | 0.00% | 17.70% | 8.59% |
| Financial Services | 0.00% | 0.00% | 100.00% | 36.91% |
| Energy | 0.00% | 0.00% | 100.00% | 47.25% |
| Communication Services | 0.00% | 0.00% | 100.00% | 32.75% |
| Consumer Defense | 0.00% | 0.00% | 99.67% | 27.11% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 33.15% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 28.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RANCX % Rank | |
|---|---|---|---|---|
| US | 0.04% | 0.00% | 99.98% | 23.13% |
| Non US | 0.00% | 0.00% | 88.46% | 36.51% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RANCX % Rank | |
|---|---|---|---|---|
| Government | 43.66% | 0.00% | 86.23% | 9.20% |
| Corporate | 33.57% | 0.00% | 100.00% | 40.13% |
| Securitized | 10.01% | 0.00% | 98.40% | 91.75% |
| Cash & Equivalents | 9.06% | 0.00% | 237.69% | 18.36% |
| Municipal | 2.16% | 0.00% | 100.00% | 14.11% |
| Derivative | 0.93% | -6.56% | 44.82% | 7.05% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RANCX % Rank | |
|---|---|---|---|---|
| US | 85.26% | 0.00% | 9042.62% | 80.91% |
| Non US | 3.87% | 0.00% | 189.26% | 13.80% |
RANCX - Expenses
Operational Fees
| RANCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.01% | 39.64% | 28.81% |
| Management Fee | 0.27% | 0.00% | 1.76% | 19.71% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 70.74% |
| Administrative Fee | 0.05% | 0.01% | 0.50% | 21.49% |
Sales Fees
| RANCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RANCX 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.
| RANCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 164.00% | 2.00% | 493.39% | 57.58% |
RANCX - Distributions
Dividend Yield Analysis
| RANCX | Category Low | Category High | RANCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.69% | 0.00% | 10.11% | 89.65% |
Dividend Distribution Analysis
| RANCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| RANCX | Category Low | Category High | RANCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.21% | -1.28% | 4.79% | 20.68% |
Capital Gain Distribution Analysis
| RANCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.060 | OrdinaryDividend |
| Mar 15, 2024 | $0.065 | OrdinaryDividend |
| Dec 18, 2023 | $0.070 | OrdinaryDividend |
| Sep 15, 2023 | $0.070 | OrdinaryDividend |
| Jun 16, 2023 | $0.056 | OrdinaryDividend |
| Mar 17, 2023 | $0.055 | OrdinaryDividend |
| Dec 19, 2022 | $0.310 | OrdinaryDividend |
| Sep 16, 2022 | $0.050 | OrdinaryDividend |
| Jun 17, 2022 | $0.059 | OrdinaryDividend |
| Mar 18, 2022 | $0.058 | OrdinaryDividend |
| Dec 20, 2021 | $0.051 | OrdinaryDividend |
| Sep 17, 2021 | $0.049 | OrdinaryDividend |
| Jun 18, 2021 | $0.042 | OrdinaryDividend |
| Mar 19, 2021 | $0.028 | OrdinaryDividend |
| Dec 21, 2020 | $0.092 | OrdinaryDividend |
| Dec 21, 2020 | $0.208 | CapitalGainShortTerm |
| Dec 21, 2020 | $0.025 | CapitalGainLongTerm |
| Sep 18, 2020 | $0.034 | OrdinaryDividend |
| Jun 19, 2020 | $0.044 | OrdinaryDividend |
| Mar 20, 2020 | $0.024 | OrdinaryDividend |
| Dec 23, 2019 | $0.024 | OrdinaryDividend |
| Dec 23, 2019 | $0.174 | CapitalGainShortTerm |
| Dec 23, 2019 | $0.044 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.006 | OrdinaryDividend |
| Jun 21, 2019 | $0.039 | OrdinaryDividend |
| Mar 22, 2019 | $0.009 | OrdinaryDividend |
| Dec 24, 2018 | $0.043 | OrdinaryDividend |
| Dec 24, 2018 | $0.185 | ExtraDividend |
| Sep 21, 2018 | $0.043 | OrdinaryDividend |
| Jun 22, 2018 | $0.034 | OrdinaryDividend |
| Mar 23, 2018 | $0.013 | OrdinaryDividend |
| Dec 15, 2017 | $0.013 | OrdinaryDividend |
| Dec 15, 2017 | $0.035 | ExtraDividend |
| Dec 15, 2017 | $0.098 | CapitalGainShortTerm |
| Sep 15, 2017 | $0.015 | OrdinaryDividend |
| Jun 16, 2017 | $0.015 | OrdinaryDividend |
| Mar 17, 2017 | $0.022 | OrdinaryDividend |
| Dec 16, 2016 | $0.013 | OrdinaryDividend |
| Dec 16, 2016 | $0.086 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.010 | CapitalGainLongTerm |
| Sep 16, 2016 | $0.020 | OrdinaryDividend |
| Jun 17, 2016 | $0.013 | OrdinaryDividend |
RANCX - Fund Manager Analysis
Managers
Damien McCann
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Damien J. McCann is a fixed income portfolio manager at Capital Group. He has 22 years of investment experience, all with Capital Group. Earlier in his career at Capital, he was a fixed income investment analyst and covered energy, leisure and lodging, and rails. He holds a bachelor’s degree in business administration with an emphasis on finance from California State University, Northridge. He also holds the Chartered Financial Analyst® designation. Damien is based in Los Angeles.
David Hoag
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
David A. Hoag is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee and the Target Date Solutions Committee. He has 34 years of investment experience and has been with Capital Group for 30 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. He holds an MBA in finance from the University of Chicago Booth School of Business and a bachelor’s degree in economics and business from Wheaton College, Illinois. David is based in Los Angeles.
Ritchie Tuazon
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Ritchie Tuazon is a fixed income portfolio manager at Capital Group. He has 21 years of investment experience and has been with Capital Group for 11 years. Earlier in his career at Capital, as a fixed income investment analyst, he had analytical responsibilities for Treasuries and TIPS. Prior to joining Capital, Ritchie was a trader at Goldman Sachs with experience trading TIPS, Treasuries, and Interest Rate Swaps. He holds an MBA from MIT Sloan School of Management, a master’s degree in public administration from Harvard's Kennedy School of Government and a bachelor’s degree from the University of California, Berkeley. Ritchie is based in Los Angeles.
Xavier Goss
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Investment professional for 19 years in total; 1 year with Capital Research and Management Company or affiliate
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
