Past results are not a guarantee of future results.
Investment-grade corporate bonds
Bonds issued by companies to finance their spending or investment. Considered higher quality, typically meaning they carry a lower risk of default but consequently tend to pay a lower income. The main focus is on US bonds.
Emerging market bonds
Bonds issued by governments or companies in developing countries, which typically offer higher growth prospects but carry greater risks given their stage of development. Here we primarily focus on government bonds issued in US dollars.
High-yield corporate bonds
Bonds issued by companies to finance their spending or investment. Considered generally lower quality, typically meaning they carry a higher risk of default but consequently tend to pay a higher income. The main focus is on US bonds.
Securitised bonds
Financial securities that are created by securitising individual loans. These can range from residential or commercial mortgages, to auto loans or other asset-backed securities.
The portfolio is managed by a Principal Investment Officer and a team of seasoned sector specialist portfolio managers. They are supported by large, dedicated investment analyst teams that help create a portfolio built on deep insights into each of the securities the fund invests in.
Damien J. McCann
Principal Investment Officer
25 years with Capital
25 years of industry experience
Shannon Ward
US high yield
8 years with Capital
32 years of industry experience
Sandro Lazzarini
US high yield
9 years with Capital
17 years of industry experience
Scott Sykes
US investment-grade corporates
19 years with Capital
24 years of industry experience
Robert Burgess
Emerging markets debt
9 years with Capital
33 years of industry experience
Xavier Goss
Securitised credit
4 years with Capital
21 years of industry experience
Years of experience as at 31 December 2024.
*Assets under management by Capital Fixed Income Investors.
Data as at 30 June 2025
The information in relation to the index is provided for context and illustration only. The fund is actively managed. It is not managed in reference to a benchmark. Past results are not a guarantee of future results.
Risk factors you should consider before investing:
All data as at 31 December 2024 and attributed to Capital Group, unless otherwise specified
Glossary
High quality assets – An asset or security that may offer a lower risk, lower potential return profile. For instance, bonds that typically have an investment-grade credit rating.
Higher yielding assets – An asset or security that may offer a higher risk, higher potential profile. For instance, bonds that typically have a high-yield credit rating.
Liquidity – The degree to which an asset or security can be quickly converted into cash without a significant concession
Treasury – A type of debt issued by the US Treasury.
Yield – The income returned on an investment, such as the interest or dividends received from holding an asset. The yield is usually expressed as an annual percentage rate based on the investment’s current market cost.