While the team steering American Funds Capital World Bond is experienced, the lack of a clear, sustainable advantage for the firm’s multimanager model in the global bond arena supports a Morningstar Analyst Rating of Neutral for all share classes except one that is rated Negative for its high price.
Will RCWHX 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 RCWHX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RCWHX 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 RCWHX’s parent organization’s priorities and whether they’re in line with investors’ interests.