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Morningstar

American Funds Strategic Bond R-5 RANFX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 8.86  /  +0.11 %
  • Total Assets 19.1 Bil
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.360%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 3.47%
  • Effective Duration 5.26 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis RANFX

Will RANFX outperform in 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 RANFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RANFX 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 RANFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Stands out for its focus on rates rather than credit.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

American Funds Strategic Bond brings to the table a skilled leader, a robust team, and a distinctive but potentially volatile emphasis on macro decisions, including bold rates calls and short credit positioning.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RANFX

More RANFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

17.95 3.3 Bil
Cash and Equivalents

Fnma Pass-Thru I 5%

2.53 460.1 Mil
Securitized

Federal National Mortgage Association 4%

2.36 429.6 Mil
Securitized

Federal National Mortgage Association 4.5%

2.15 391.6 Mil
Securitized

United States Treasury Notes 3.5%

1.81 330.2 Mil
Government

Federal National Mortgage Association 4.5%

1.66 302.7 Mil
Securitized

United States Treasury Bonds 1.75%

1.64 298.3 Mil
Government

Federal National Mortgage Association 5%

1.39 252.5 Mil
Securitized

United States Treasury Bonds 0.148%

1.30 236.7 Mil
Government

Fnma Pass-Thru I 4.5%

1.20 218.7 Mil
Securitized