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American Funds New World R6 RNWGX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 76.26  /  −0.20 %
  • Total Assets 55.1 Bil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Diversified Emerging Mkts
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 1.56%
  • Turnover 32%

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 9:57 PM GMT+0

Morningstar’s Analysis RNWGX

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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.

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Portfolio Holdings RNWGX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 17.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

4.06 2.3 Bil
Cash and Equivalents

Microsoft Corp

2.79 1.6 Bil
Technology

Taiwan Semiconductor Manufacturing Co Ltd

2.78 1.6 Bil
Technology

Novo Nordisk A/S Class B

1.94 1.1 Bil
Healthcare

Cash And Other Assets Less Liablities

1.77 1.0 Bil
Cash and Equivalents

MercadoLibre Inc

1.52 869.7 Mil
Consumer Cyclical

Meta Platforms Inc Class A

1.49 854.5 Mil
Communication Services

Airbus SE

1.45 829.7 Mil
Industrials

Broadcom Inc

1.39 795.0 Mil
Technology

Lvmh Moet Hennessy Louis Vuitton SE

1.29 739.1 Mil
Consumer Cyclical