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American Funds Capital Income Bldr 529A CIRAX Fund Analysis

| Medalist Rating as of | See American Funds Investment Hub

Morningstar’s Analysis CIRAX

Will CIRAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The Team Behind This Fund Remains Well-Resourced Despite a Veteran Manager's Passing

null Greg Carlson

Greg Carlson

Analyst Note

On Oct. 16, 2023, Capital Group, the advisor to the American Funds, announced that William Robbins will be disclosed as an equity portfolio manager on this fund on Nov. 16, 2023. Bradley Vogt, who had been an equity portfolio manager for the fund since 2009, passed away on September 20. Despite this unfortunate loss, the team remains well-resourced with 10 equity managers, many of them Capital veterans. Fixed-income managers David Hoag and Fergus McDonald remain on board as well. The fund’s People rating remains Above Average, and its Morningstar Medalist Rating for its share classes continues to range from Silver to Neutral. Although Robbins will be newly disclosed at this fund, he’s highly experienced. He has been a named equity manager on American Funds American Mutual AMRMX and American Funds Global Insight AGVFX since 2008 and 2014, respectively. He’s also comanaged a number of asset allocation portfolios for the firm since 2020.

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