American Funds New World Fund® Class 529-F-2 FNFWX

American Funds’ parent Capital Group announced that manager Matt Hochstetler stepped off American Funds New World (including several non-US domiciled vehicles and a sibling exchange-traded fund) on Aug. 1, 2026, and departed the firm. He had spent just over half of his 20-year investment career at Capital Group and managed roughly 5% of the fund’s assets. In response, the firm made a sensible addition to the management team, naming Leo Hee as a comanager. Hee has managed a sleeve of American Funds International Growth and Income and American Funds World Growth and Income for more than 10 and six years, respectively, so he’s well-versed in foreign investing. Both strategies also have some emerging-market exposure, and that’s relevant for this strategy. Hee has 33 years of industry experience and has been at the firm for more than 20 years. The management team of Brad Freer, Saurav Jain, Dawid Justus, Carl Kawaja, Winnie Kwan, Piyada Phanaphat, Akira Shiraishi, Kirstie Spence, Tomonori Tani, Lisa Thompson, and Chris Thomsen remains in place. As such, these changes do not alter the strategy’s High People rating or its Morningstar Medalist Ratings.