American Funds SMALLCAP World manager Dylan Yolles left the fund and parent firm Capital Group on Feb. 4, 2021. Yolles had an undisclosed consensual relationship with a Capital Group associate, in violation of the company's code of conduct, and he tendered his resignation upon disclosing the relationship. Yolles' departure, though abrupt, does not alter the strategy's Morningstar Analyst Rating range of Silver to Bronze, depending on share class fees.
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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.
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The Parent Pillar is our rating of SMCFX’s parent organization’s priorities and whether they’re in line with investors’ interests.