Morningstar Fund Ratings Round-up

- Mara Dobrescu, Director, Fixed Income Strategies, Manager Research

Capital Group Global Corporate Bond - Neutral

Morningstar has initiated coverage of Capital Group Global Corporate Bond with an Analyst Rating of Neutral for all share classes. The strategy’s unique approach, which sees the portfolio managed by fourteen credit analysts rather than the traditional lead manager structure, garners an Above-Average Process score. This is supported by the stability of the team, their focus on bottom-up credit research, and the strategy’s compelling track-record. However, because the current team leader, Damir Bettini, has been in place for less than a year, more observation is needed to observe the team’s performance in its current setup. The strategy thus earns a People score of Average.

- Shannon Kirwin, Senior Manager Research Analyst for Morningstar Benelux

Note: As part of Morningstar's enhanced methodology for Analyst Ratings, different share classes have different Ratings

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