Skip to Content
Morningstar

American Funds SMALLCAP World F2 SMCFX Fund Analysis

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

Morningstar’s Analysis SMCFX

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

People Pillar

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

A Manager Retirement and Addition on American Funds Smallcap World; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

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.

by Stephen Welch
Published on

Unlock our full analysis with Morningstar Investor