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Morningstar

American Funds New World R4 RNWEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 78.50  /  +0.85 %
  • Total Assets 57.5 Bil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Diversified Emerging Mkts
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.26%
  • Turnover 32%

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0

Morningstar’s Analysis RNWEX

Will RNWEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RNWEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RNWEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RNWEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A Manager Retirement and Addition on American Funds New World; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

American Funds’ parent Capital Group announced that veteran manager Jonathan Knowles will step off American Funds New World on Jan. 2, 2024, and retire from the firm on April 1, 2024. Knowles has spent seven of his 31 years at Capital Group managing this strategy. In November, Matt Hochstetler will officially join the management team, bringing the total number of named managers to 13. While Knowles’ retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy’s High People rating or its Morningstar Medalist Ratings.

by Stephen Welch
Published on

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