- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 6455 Irvine Center Drive Irvine CA United States of America 92618
- IPO Date
- Mar 18, 2016
- Business
- American Funds Strategic Bond Fund Class F-1 (ANBEX) is a mutual fund managed by Capital Group Companies, Inc. that seeks maximum total return consistent with the preservation of capital by normally investing at least 80% of its assets in bonds and other debt securities, which may include derivatives; the fund pursues a core-plus strategy with exposure to investment-grade and high-yield securities, including corporate bonds and notes (approximately 31.5%), mortgage-backed obligations (31.0%), U.S. Treasury bonds and notes (13.2%), non-U.S. government and agency securities (6.0%-13.2%), asset-backed obligations (5.1%), revenue bonds (1.1%), and general obligation bonds (0.4%), with an effective duration of around 4.9-5.7 years and average yield to worst of 4.1%-4.2%. Launched on March 18, 2016, and headquartered in Los Angeles, California, the fund operates primarily in the United States with global fixed-income holdings across more than 900 issuers, targeting individual and institutional investors in the intermediate core-plus bond category; it features quarterly dividends paid in March, June, September, and December, a net expense ratio of 0.70%, a minimum initial investment of $250, and portfolio turnover of 313% in 2024, benchmarked against the Bloomberg U.S. Aggregate Bond Index. As of late 2025, the fund manages approximately $20.5-$20.7 billion in assets with 3,594-122,666 shareholder accounts depending on share class, and employs a multiple-manager team including Xavier Goss, Damien McCann, Tim Ng, and Ritchie Tuazon. In recent developments, parent company Capital Group has pursued strategic expansion in fixed income through an exclusive partnership with KKR announced in May 2024, culminating in the April 2025 launch of two public-private interval funds—Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+—focused on credit strategies to blend public and private market exposures, with additional equity and real assets strategies in development and SEC filings for further funds in December 2025; these initiatives align with Capital Group's broader efforts to grow its $2.6 trillion+ assets under management, including fixed-income diversification amid competitive pressures. The fund's prospectus was updated as of March 1, 2025, reflecting ongoing portfolio adjustments amid elevated turnover and market volatility.