Capital Group announced that effective March 1, 2021, Robert Neithart will no longer be a named portfolio manager on American Funds Capital World Bond CWBFX. Neithart will focus exclusively on emerging-markets debt going forward and will no longer manage a generalist sleeve of this strategy. Philip Chitty, a global- and European-focused portfolio manager who joined the firm in 2004, will assume Neithart's responsibilities on this strategy. Generalist comanagers Thomas Høgh and Andrew Cormack will remain in place. Høgh has been a comanager on this strategy for over two decades, while Cormack became a comanager in 2019, having joined the firm in 2018 following 14 years at Western Asset.
American Funds Capital World Bond F2 BFWFX
NAV / 1-Day Return
20.96
/
0.24
%
Total Assets
14.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.620%
Expense Ratio
0.620%
Fee Level
Below Average
Longest Manager Tenure
25.25
years
Category
World Bond
Credit Quality / Interest Rate Sensitivity
Medium / ExtensiveMin. Initial Investment
250
Status
Open
TTM Yield
2.22%
Effective Duration
6.93
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BFWFX 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 BFWFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BFWFX 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 BFWFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Upcoming Manager Change at American Funds Capital World Bond Doesn't Affect Rating
