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Morningstar

American Funds Capital World Bond R4 RCWEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 15.30  /  0.07 %
  • Total Assets 9.0 Bil
  • Adj. Expense Ratio
    0.830%
  • Expense Ratio 0.830%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Global Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.61%
  • Effective Duration 6.60 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:24 PM GMT+0

Morningstar’s Analysis RCWEX

Will RCWEX 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 RCWEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RCWEX 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 RCWEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Retirement and Manager Addition at American Funds Capital World Bond; Ratings Unchanged

null Sam Kulahan

Sam Kulahan

Analyst Note

Capital Group recently announced that 32-year firm veteran Thomas Hogh will retire on July 1, 2023. In anticipation of that retirement, Hogh will give up his principal investment officer and portfolio management duties on American Funds Capital World Bond, effective March 1, 2023. On that date, Philip Chitty, who joined Capital Group in 2004 and has been a comanager on the strategy since March 2021, will take over as principal investment officer and global rates specialist Thomas Reithinger will join as a comanager. Andrew Cormack, who came to Capital Group from Western Asset in 2018 and serves on the Capital Group’s portfolio strategy group, will remain a comanager on the still three-person strategy. Given the experience and expertise of the continuing managers and the team-based management approach to Capital Group’s fixed-income offerings, these changes do not alter our view. American Funds Capital World Bond retains its Morningstar Analyst Rating of Neutral across all share classes.

by Sam Kulahan
Published on

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Portfolio Holdings RCWEX

More RCWEX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 1666
  • Other Holdings 36
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

13.14
1,239,012,742
Cash and Equivalents

Federal National Mortgage Association 3.5%

1.64
154,230,637
Securitized

Greece (Republic Of) 3.875%

1.57
147,812,090
Government

Japan (Government Of) 0%

1.56
147,517,300
Government

United States Treasury Notes 3.125%

1.56
146,786,171
Government

Federal National Mortgage Association 4.5%

1.33
125,083,468
Securitized

Secretaria Tesouro Nacional 0%

1.19
111,725,731
Government

The Republic of Korea 4.25%

1.18
111,472,696
Government

Federal National Mortgage Association 2.5%

1.10
103,250,025
Securitized

United States Treasury Notes 4.125%

1.08
101,840,686
Government