American Funds Capital World Bond has seen changes to its team and approach in recent years, some of which are encouraging, but the firm’s multimanager model has yet to differentiate it from other global bond peers. The strategy earns a Morningstar Analyst Rating of Neutral across all share classes.
Will RCWAX 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 RCWAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RCWAX 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 RCWAX’s parent organization’s priorities and whether they’re in line with investors’ interests.