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Morningstar

American Funds Global Balanced 529F1 CBFFX Fund Analysis

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

Morningstar’s Analysis CBFFX

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

People Pillar

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

A Fixed-Income Manager Swap Doesn't Alter the Appeal of American Funds Global Balanced

null Greg Carlson

Greg Carlson

Analyst Note

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).

by Greg Carlson
Published on

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