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.
American Funds New World 529A CNWAX
- NAV / 1-Day Return 78.02 / +0.28 %
- Total Assets 57.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.020%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Diversified Emerging Mkts
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 1.18%
- Turnover 32%
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:15 PM GMT+0
Morningstar’s Analysis CNWAX
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People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 17.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Capital Group Central Cash Fund | 3.83 | 2.0 Bil | Cash and Equivalents |
Microsoft Corp | 3.15 | 1.7 Bil | Technology |
Novo Nordisk A/S Class B | 2.69 | 1.4 Bil | Healthcare |
Taiwan Semiconductor Manufacturing Co Ltd | 2.38 | 1.3 Bil | Technology |
Airbus SE | 1.53 | 818.0 Mil | Industrials |
MercadoLibre Inc | 1.45 | 777.1 Mil | Consumer Cyclical |
Eli Lilly and Co | 1.45 | 774.9 Mil | Healthcare |
Kotak Mahindra Bank Ltd | 1.45 | 774.3 Mil | Financial Services |
Lvmh Moet Hennessy Louis Vuitton SE | 1.40 | 749.2 Mil | Consumer Cyclical |
Broadcom Inc | 1.24 | 660.9 Mil | Technology |