- ISIN
- US02631E1029
- CUSIP
- 02631E102
- Issuer
- American Funds
- Inception Date
- Mar 18, 2016
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $250
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ANBAX Performance Chart
American Funds Strategic Bond Fund (ANBAX) is down 2.0% since the beginning of the year. ANBAX is currently trading at $9 per share. Investors who bought $1,000 worth of ANBAX shares 5 years ago would now be looking at an investment worth $921.
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Returns By Period
American Funds Strategic Bond Fund (ANBAX) has returned -1.96% so far this year and 1.13% over the past 12 months.
American Funds Strategic Bond Fund
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -2.27%
- YTD
- -1.96%
- 1Y
- 1.13%
- 3Y*
- 2.12%
- 5Y*
- -1.64%
- 10Y*
- —
- ALL TIME*
- 1.95%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ANBAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, ANBAX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Sep 2022 at -6.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, ANBAX closed higher 43% of trading days. The best single day was Nov 10, 2022 with a return of +2.2%, while the worst single day was Mar 17, 2020 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | 1.49% | -2.58% | -0.22% | 0.33% | -0.39% | -0.88% | -1.96% | |||||
| 2025 | 0.89% | 2.21% | 0.54% | 1.41% | -1.18% | 0.65% | -0.65% | 1.63% | 0.64% | 0.43% | 0.53% | -0.10% | 7.18% |
| 2024 | 0.00% | -2.37% | 0.22% | -2.33% | 1.70% | 1.00% | 2.56% | 1.63% | 1.55% | -2.75% | 0.11% | -1.75% | -0.61% |
| 2023 | 2.65% | -2.38% | 3.18% | 0.10% | -2.06% | -1.90% | 0.11% | -0.76% | -2.68% | -1.80% | 4.36% | 3.03% | 1.52% |
| 2022 | -1.06% | -0.45% | -1.92% | -3.76% | -0.10% | -2.06% | 3.14% | -2.66% | -6.32% | -1.26% | 3.50% | -0.20% | -12.74% |
| 2021 | -0.77% | -1.64% | -1.53% | 0.98% | 0.27% | 0.88% | 1.23% | 0.17% | 0.30% | -1.56% | 0.79% | -0.20% | -1.13% |
Benchmark Metrics
American Funds Strategic Bond Fund has an annualized alpha of 2.51%, beta of -0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 16.00% of S&P 500 Index downside but only 11.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.51%
- Beta
- -0.03
- R²
- 0.01
- Upside Capture
- 11.57%
- Downside Capture
- 16.00%
Expense Ratio
ANBAX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ANBAX ranks 7 for risk / return — above 7% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 2.00 | -1.75 |
| Martin ratioReturn relative to average drawdown | 0.57 | 8.49 | -7.92 |
Dividends
Dividend History
American Funds Strategic Bond Fund provided a 4.12% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.26 | $0.28 | $0.27 | $0.50 | $0.20 | $0.45 | $0.32 | $0.35 | $0.18 |
Dividend yield | 4.12% | 2.78% | 3.07% | 2.91% | 5.31% | 1.74% | 3.87% | 3.09% | 3.51% | 1.76% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds Strategic Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.19 | |||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.26 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.28 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.32 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds Strategic Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds Strategic Bond Fund was 19.33%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current American Funds Strategic Bond Fund drawdown is 8.77%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.33%Oct 2023 | 2y 26d | — | 4y 10moSep 2021 - now | — |
-5.30%Mar 2020 | 13d | 15d | 28dMar 2020 - Apr 2020 | COVID crash2020 |
-4.45%Mar 2021 | 2mo 13d | 6mo | 8mo 13dJan 2021 - Sep 2021 | — |
-3.72%May 2018 | 8mo 12d | 7mo 22d | 1y 3moSep 2017 - Jan 2019 | — |
-1.37%Mar 2017 | 15d | 28d | 1mo 13dFeb 2017 - Apr 2017 | — |
Drawdown Indicators
| ANBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -56.78% | +37.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -9.10% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -6.02% | -18.90% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -25.43% | +6.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.77% | -1.58% | -7.19% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -10.70% | +4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.14% | -0.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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