American Funds’ parent Capital Group announced that veteran manager Jonathan Knowles will step off American Funds Smallcap World on Jan. 2, 2024, and retire from the firm on April 1, 2024. Knowles has spent 23 of his 31 years at Capital Group managing this strategy. He also serves as one of the principal investment officers for the fund in charge of allocating capital across the managers’ independently run sleeves. In November, Peter Gusev will officially join the management team, bringing the total number of named managers to 20. When Knowles departs in January, Dimitrije Mitrinovic will take over as a principal investment officer, with Gregory Wendt remaining as lead principal investment officer. While Knowles’ retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy’s High People rating or its Morningstar Medalist Ratings.
- NAV / 1-Day Return 63.28 / 0.06 %
- Total Assets 66.0 Bil
-
Adj. Expense Ratio
0.660%
- Expense Ratio 0.660%
- Distribution Fee Level Low
- Share Class Type Retirement, Large
- Category Global Small/Mid Stock
- Investment Style Mid Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.34%
- Turnover 32%
Morningstar’s Analysis RLLGX
Will RLLGX 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 812
- Bond Holdings 0
- Other Holdings 50
- % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Capital Group Central Cash Fund
8.05
5,128,740,401
Cash and Equivalents