This strategy previously earned a Bronze Morningstar Analyst Rating thanks to the improvements Capital Group has made to its fixed-income process and resources, which we continue to view favorably. But under our new ratings methodology, most of the fund’s share classes earn a Neutral rating, and its three most expensive earn a Negative. While the strategy’s cautious credit profile should help prevent losses, it could also limit its range relative to short-term bond Morningstar Category peers along with its ability to outperform over the long term.
Will RAMEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RAMEX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RAMEX 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 RAMEX’s parent organization’s priorities and whether they’re in line with investors’ interests.