American Funds’ parent Capital Group announced that on May 1, 2023, Thomas Hogh, a fixed-income manager on American Funds Global Balanced since 2018, will step down in advance of his retirement from the firm on July 1. Joining the fund on May 1 in that role is Philip Chitty, an 18-year veteran of the firm who has comanaged American Funds Capital World Bond (which earns an Average People rating as of Feb. 2, 2023) since 2019. His addition here is appropriate, as Hogh and Andrew Cormack (this fund’s other fixed-income manager) are Chitty’s current comanagers on American Funds Capital World Bond. These changes don’t detract from our confidence in the team at American Funds Global Balanced, which is also run by several proven equity managers. The fund continues to earn an Above Average People rating and Morningstar Analyst Ratings of Silver or Bronze (depending on share class).
- NAV / 1-Day Return 33.08 / 0.43 %
- Total Assets 23.9 Bil
-
Adj. Expense Ratio
1.070%
- Expense Ratio 1.090%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category Global Allocation
- Investment Style Large Blend
- Credit Quality / Interest Rate Sensitivity High / Moderate
- Status Open
- TTM Yield 1.24%
- Turnover 61%
Morningstar’s Analysis CBFEX
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Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
A Fixed-Income Manager Swap Doesn't Alter the Appeal of American Funds Global Balanced
Analyst Note
|- Current Portfolio Date Dec 31, 2022
- Equity Holdings 153
- Bond Holdings 605
- Other Holdings 13
- % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Capital Group Central Cash Fund
5.44
1,268,996,676
Cash and Equivalents
United States Treasury Notes 3.5%
1.86
434,257,041
Government
Cap Grp Cent Fd Ser Ii
1.59
371,298,504
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