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American Funds Dvlpg Wld Gr&Inc R5 RDWFX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See American Funds Investment Hub

Morningstar’s Analysis RDWFX

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

  • People Pillar

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

Upcoming Manager Retirement on American Funds Developing World Growth and Income; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds' parent Capital Group announced that veteran manager Chapman Taylor will step off American Funds Developing World Growth and Income on July 1, 2024, and retire from the firm on July 25, 2024. Taylor has spent 29 years of his 33-year career at Capital Group and has been a manager here since the strategy's 2014 inception. He also serves as the principal investment officer for the fund in charge of allocating capital across the managers' independently run sleeves. In February, Saurav Jain will take over as a principal investment officer. While Taylor's retirement is a loss, it is one that Capital Group is equipped to handle. In the past two years, the firm has named three managers to the strategy, including Jain. This change does not alter the strategy's Above Average People rating or its Morningstar Medalist Ratings.

by Stephen Welch
Published on

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