American Funds’ parent Capital Group in April 2021 announced that manager Alex Sheynkman will step off American Funds Capital World Growth & Income’s management team at the end of the month to pursue new opportunities. Following his departure, the firm will distribute his portion of assets to the strategy’s remaining eight-person management team from two Capital Group subsidiaries. The strategy retains its Morningstar Analyst Rating range of Silver to Bronze.
American Funds Capital World Gr&Inc 529E CWIEX
NAV / 1-Day Return
63.72
/
1.29
%
Total Assets
122.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.030%
Expense Ratio
1.030%
Fee Level
Low
Longest Manager Tenure
15.38
years
Category
World Large-Stock Blend
Investment Style
Large BlendMin. Initial Investment
250
Status
Open
TTM Yield
0.92%
Turnover
36%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CWIEX 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 CWIEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CWIEX 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 CWIEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Departure at American Funds Capital World Growth & Income
