FSBMX Mutual Fund — American Funds Strategic Bond Fund Class 529-F-2

American Funds Strategic Bond Fund Class 529-F-2 (FSBMX)

Updated October 16, 2026.

FSBMX is a Mutual Fund. its distribution rate is 4.74%, its trailing-12-month yield is 4.47%, its expense ratio is 0.40%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is -5.5% over the past 6 years, 158.9 points behind SPY at 153.4%.

American Funds Strategic Bond Fund Class 529-F-2 is a mutual fund managed by Capital Group that invests at least 80% of its assets in a broad range of bonds and debt securities, including corporate bonds, mortgage-backed securities, and government agency debt. The fund carries a modest expense ratio of 0.40% and maintains a current distribution rate in the mid-single digits. This fund appeals to income-focused investors seeking exposure to diversified fixed income securities, particularly those utilizing 529 education savings plans.

FSBMX performance versus SPY

Price and return data through 2026-10-16.

Total return is -5.5% over the past 6 years, 158.9 points behind SPY at 153.4%. Over the past year its total return — price change plus distributions reinvested — is -3.1%. Its deepest 1-year drawdown was 6.6%.

FSBMX key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

4.27%

Issuer

Capital Group

Asset type

Mutual Fund

Asset class

Fixed Income

Expense ratio

0.40%

Distribution rate

4.74%

Distribution frequency

Quarterly

Trailing yield

4.47%

Last close

$8.76 (as of 2026-10-16)

NAV

$8.64 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$18,075,721,728

Average volume

0.0

Dividend

$0.092

Ex-dividend date

09/17/2026

Beta

1.03

How Dividend Vision calculates yield and returns

Distribution rate (4.74%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.47%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Capital Group or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FSBMX risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.6%.

Who may consider FSBMX — and who may not

FSBMX may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FSBMX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FSBMX

• All tickers starting with F

Tagged: Mutual Fund.

Frequently asked questions

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