Morningstar

American Funds Strategic Bond 529-E CANEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 9.44  /  −0.21 %
  • Total Assets 20.1 Bil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 2.91%
  • Effective Duration 6.92 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:10 PM GMT+0

Morningstar’s Analysis CANEX

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

  • People Pillar

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

A bold and flexible core-plus strategy.

Director Alec Lucas

Alec Lucas

Director

Summary

American Funds Strategic Bond’s flexible style can add value to a diversified fixed-income portfolio allocation, but it is best used as a complement than as a foundation.

by Alec Lucas
Rated on Published on

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Portfolio Holdings CANEX

More CANEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

15.28 2.9 Bil
Cash and Equivalents

United States Treasury Bonds 4.25%

2.23 429.6 Mil
Government

Federal National Mortgage Association 6%

2.16 415.0 Mil
Securitized

Federal National Mortgage Association 4.5%

1.99 382.9 Mil
Securitized

Federal Home Loan Mortgage Corp. 5%

1.97 379.4 Mil
Securitized

United States Treasury Notes 3.5%

1.71 329.5 Mil
Government

Fnma Pass-Thru I 5%

1.63 314.3 Mil
Securitized

Federal National Mortgage Association 6.5%

1.39 268.0 Mil
Securitized

United States Treasury Bonds 0.151%

1.21 232.9 Mil
Government

Federal National Mortgage Association 6%

1.21 231.9 Mil
Securitized

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