American Funds' parent Capital Group announced that veteran manager Gregory Wendt will relinquish his role as lead principal investment officer, who is in charge of allocating capital across the management team, on July 1, 2024. Wendt will remain as a manager, though this paves the way for his eventual retirement. Julian Abdey will take over as lead PIO after serving as co-PIO for more than five years. Meanwhile, Bradford Freer will transition into the PIO position in July to replace Wendt on his subsidiary Capital Research Global Investors. Dimitrije Mitrinovic serves as the strategy’s third PIO. All three PIOs have a similar investment mindset, which helps ensure continuity. Because of this, Wendt's stepping down as lead PIO—and the moves associated with it—does not alter the strategy's High People rating or its Morningstar Medalist Ratings.
American Funds SMALLCAP World A SMCWX
- NAV / 1-Day Return 69.99 / +0.75 %
- Total Assets 76.2 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.060%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Global Small/Mid Stock
- Investment Style Mid Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.59%
- Turnover 29%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0
Morningstar’s Analysis SMCWX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Capital Group Central Cash Fund | 5.04 | 3.6 Bil | Cash and Equivalents |
TopBuild Corp | 1.15 | 834.3 Mil | Industrials |
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Molina Healthcare Inc | 0.80 | 581.3 Mil | Healthcare |
Ares Management Corp Ordinary Shares - Class A | 0.79 | 572.5 Mil | Financial Services |
Diploma PLC | 0.77 | 559.5 Mil | Industrials |
Tube Investments of India Ltd Ordinary Shares | 0.74 | 537.2 Mil | Industrials |
Evolution AB | 0.70 | 507.3 Mil | Consumer Cyclical |