A relatively fresh leadership configuration and changes to American Funds High Income Trust' process are encouraging but require time to gauge their effectiveness. We maintain a Morningstar Analyst Rating of Neutral across all share classes.
Will RITBX 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 RITBX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RITBX 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 RITBX’s parent organization’s priorities and whether they’re in line with investors’ interests.