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American Funds SMALLCAP World 529-F-2 FSWFX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Funds Investment Hub

Morningstar’s Analysis FSWFX

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

  • People Pillar

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

A Shift of Leadership Responsibilities on American Funds SMALLCAP World; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds' parent Capital Group announced that veteran manager Gregory Wendt will relinquish his role as lead principal investment officer, who is in charge of allocating capital across the management team, on July 1, 2024. Wendt will remain as a manager, though this paves the way for his eventual retirement. Julian Abdey will take over as lead PIO after serving as co-PIO for more than five years. Meanwhile, Bradford Freer will transition into the PIO position in July to replace Wendt on his subsidiary Capital Research Global Investors. Dimitrije Mitrinovic serves as the strategy’s third PIO. All three PIOs have a similar investment mindset, which helps ensure continuity. Because of this, Wendt's stepping down as lead PIO—and the moves associated with it—does not alter the strategy's High People rating or its Morningstar Medalist Ratings.

by Stephen Welch
Published on

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