Morningstar

American Funds Strategic Bond Fund Class R-4 RANEX

Morningstar Medalist Rating
Medalist Rating as of | See Capital Group Investment Hub
  • NAV / 1-Day Return 9.00  /  −0.22 %
  • Total Assets 21.2B
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.640%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 4.13%
  • Effective Duration 7.51 years

USD | NAV as of Jul 20, 2026 | 1-Day Return as of Jul 20, 2026, 10:14 PM GMT+0

Morningstar’s Analysis RANEX

Will RANEX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RANEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RANEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RANEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A complement for equity market exposure.

Director Alec Lucas

Alec Lucas

Director

Summary

American Funds Strategic Bond’s complexities and lumpy results versus its intermediate core-plus bond Morningstar Category peers can make it difficult to use well, but the fund can serve as an effective complement in a diversified portfolio to equity market exposure.

by Alec Lucas
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Portfolio Holdings RANEX

More RANEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

6.28 1B
Cash and Equivalents

United States Treasury Notes 1.922%

3.45 732M
Government

United States Treasury Notes 4.25%

2.35 499M
Government

United States Treasury Bonds 4.625%

1.78 379M
Government

United States Treasury Bonds 2.441%

1.34 285M
Government

United States Treasury Bonds 2.507%

1.12 238M
Government

United States Treasury Bonds 0.16%

1.07 227M
Government

Japan (Government Of) 2.4%

1.02 217M
Government

United States Treasury Notes 1.99%

0.94 200M
Government

United States Treasury Bonds 4.25%

0.92 194M
Government

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