The American Funds Growth and Income target-risk series, available through mutual funds and as model portfolios, uses impressive underlying strategies. Our conviction in the series’ People and Process Pillars are unchanged, but under our new Morningstar Analyst Ratings methodology the Growth and Income and the Moderate Growth and Income strategies’ cheapest share class has been downgraded to Bronze, from Silver, owing to the presence of other highly rated peers. The Conservative Growth and Income strategy’s cheapest share class continues to earn a Silver rating. The other share classes of the series range from Bronze to Neutral.
Will RBBEX 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 RBBEX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RBBEX 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 RBBEX’s parent organization’s priorities and whether they’re in line with investors’ interests.