Capital Group, the advisor to the American Funds, announced on July 1 that Paul Flynn, an equity portfolio manager on this fund since 2012, will step down from those duties on October 1 and retire from the firm at the end of 2023. Also, Dimitrije Mitrinovic and Justin Toner will be disclosed as managers of the fund on Aug. 1, 2023. These upcoming changes don’t detract from our confidence in the large, experienced crew behind this fund. It retains its Above Average People rating. Flynn, a 25-year veteran of the firm, has also comanaged American Funds International Growth & Income since 2017 and is relinquishing his duties there on November 1. Mitrinovic, an equity manager, has worked at Capital for 15 years and has comanaged American Funds SMALLCAP World since 2015 and American Funds Fundamental Investors since 2020. Toner is a 21-year Capital veteran who invests in both stocks and bonds.
- NAV / 1-Day Return 22.46 / 0.13 %
- Total Assets 116.3 Bil
-
Adj. Expense Ratio
1.360%
- Expense Ratio 1.360%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Small
- Category Moderately Aggressive Allocation
- Investment Style Large Value
- Credit Quality / Interest Rate Sensitivity Medium / Moderate
- Status Open
- TTM Yield 2.62%
- Turnover 40%
Morningstar’s Analysis RIDBX
Will RIDBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 225
- Bond Holdings 2202
- Other Holdings 28
- % Assets in Top 10 Holdings 18.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Capital Group Central Cash Fund
6.40
7,227,037,284
Cash and Equivalents