Capital Group announced that effective March 1, 2021, Robert Neithart will no longer be a named portfolio manager on American Funds Bond Fund of America ABNDX. Neithart will focus exclusively on emerging-markets debt going forward and will continue to contribute to this strategy's emerging-markets debt allocation, which stood at 3% as of September 2020. While Neithart's contribution to this offering won't change, he will no longer be listed here given the modest role of emerging-markets debt in this strategy. Principal investment officer Pramod Atluri and comanagers David Hoag, Fergus MacDonald, and David Betanzos will remain named managers on the strategy.
Will RBFBX 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 RBFBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RBFBX 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 RBFBX’s parent organization’s priorities and whether they’re in line with investors’ interests.