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American Funds New World R4 RNWEX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 76.76  /  −0.23 %
  • Total Assets 56.3 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 1.32%
  • Turnover 32%

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:18 PM GMT+0

Morningstar’s Analysis RNWEX

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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 RNWEX

  • 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