American Funds American Mutual manager Dylan Yolles left the fund and parent firm Capital Group on Feb. 4, 2021. Yolles had an undisclosed consensual relationship with a Capital Group associate, in violation of the company's code of conduct, and he resigned once the relationship became known. Yolles' departure, though abrupt, does not alter the strategy's Morningstar Analyst Rating range of Gold to Silver, depending on share-class fees.
Will CMLEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CMLEX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CMLEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CMLEX’s parent organization’s priorities and whether they’re in line with investors’ interests.