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Morningstar

American Funds AMCAP 529C CAFCX Fund Analysis

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

Morningstar’s Analysis CAFCX

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

  • People Pillar

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

Two Manager Moves Don’t Affect American Funds AMCAP’s Ratings

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Stephen Welch

Analyst Note

Capital Group has announced that manager Greg Wendt will come off AMCAP on May 1, 2024. At that time, Michael Beckwith, a previously undisclosed manager with 25 years of investment experience (including five years at Capital Group), will officially join the management ranks. Wendt’s tenure here was short: Capital Group had named him a manager in 2020, though his service dated to May 2019. That said, his main focus has always been on American Funds Smallcap World SMCWX, where he is the lead principal investment officer. Tapping Beckwith to manage alongside seven other managers, including veteran James Terrile, who oversees the entire offering, helps retain the strategy’s Above Average People rating and its respective Morningstar Medalist Ratings.

by Stephen Welch
Published on

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