American Funds SMALLCAP World 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 tendered his resignation upon disclosing the relationship. Yolles' departure, though abrupt, does not alter the strategy's Morningstar Analyst Rating range of Silver to Bronze, depending on share class fees.
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The People Pillar is our evaluation of the CSPEX 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 CSPEX’s parent organization’s priorities and whether they’re in line with investors’ interests.