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 R2 RNWBX
- NAV / 1-Day Return 74.00 / +0.26 %
- Total Assets 56.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.670%
- Distribution Fee Level Average
- Share Class Type Retirement, Small
- Category Diversified Emerging Mkts
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.62%
- Turnover 32%
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:22 PM GMT+0
Morningstar’s Analysis RNWBX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |