1210-AC38 comment 3551 The Capital Group Companies, Inc. 06012026
The Capital Group Companies, Inc.SupportBusiness
Summary: The Capital Group Companies, Inc. supports the Department of Labor's proposed regulation regarding fiduciary duties in selecting investment alternatives, particularly its asset-class-neutral approach. However, they argue against using the 15% illiquid investment cap from Rule 22e-4 as a default benchmark, suggesting instead that fiduciaries review each fund's specific liquidity risk management program tailored to participant demographics.
See attached file(s)