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CNWAX American Funds New World 529A

  • Fund
  • CNWAX
  • Price as of: Jul 19, 2019
  • $68.05 - $0.22 - 0.32%
  • Category
  • Emerging Markets Equities

CNWAX - Profile

Vitals

  • YTD Return 19.7%
  • 3 Yr Annualized Return 9.1%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $40.5 B
  • Holdings in Top 10 15.2%

52 WEEK LOW AND HIGH

$68.05
$54.87
$68.27

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 20.1%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name American Funds New World Fund®
  • Fund Family Name American Funds
  • Inception Date Feb 19, 2002
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Mark E. Denning

Fund Description

The fund invests primarily in common stocks of companies with significant exposure to countries with developing economies and/or markets. Under normal market conditions, the fund will invest at least 35% of its assets in equity and debt securities of issuers primarily based in qualified countries that have developing economies and/or markets.

CNWAX - Performance

Return Ranking - Trailing

Period CNWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.7% 0.0% 26.5% 7.34%
1 Yr 3.7% -28.4% 9.3% 13.92%
3 Yr 9.1%* -9.0% 13.8% 22.54%
5 Yr 2.2%* -19.9% 23.8% 17.25%
10 Yr 5.4%* -8.7% 13.1% 20.20%

* Annualized


Return Ranking - Calendar

Period CNWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.3% -41.9% 0.0% 13.94%
2017 30.0% 1.8% 49.7% 66.53%
2016 2.9% -23.2% 241.4% 75.82%
2015 -6.6% -47.4% -0.6% 4.30%
2014 -9.0% -46.3% 42.6% 81.80%

Total Return Ranking - Trailing

Period CNWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.1% 0.0% 26.5% 5.95%
1 Yr 4.0% -28.4% 9.3% 13.92%
3 Yr 10.3%* -5.2% 15.1% 14.55%
5 Yr 4.2%* -19.9% 27.7% 8.42%
10 Yr 7.3%* -8.7% 17.9% 7.39%

* Annualized


Total Return Ranking - Calendar

Period CNWAX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.3% -41.9% 0.0% 18.53%
2017 32.5% 1.8% 50.4% 64.93%
2016 3.8% -10.0% 249.7% 77.05%
2015 -6.1% -33.4% 1.2% 5.12%
2014 -3.4% -46.2% 48.2% 52.07%

NAV & Total Return History

CNWAX - Holdings

Concentration Analysis

CNWAX Category Low Category High CNWAX % Rank
Net Assets 40.5 B 5.43 M 87.8 B 4.56%
Number of Holdings 538 2 5006 11.71%
Net Assets in Top 10 6.15 B -206 M 15.7 B 4.56%
Weighting of Top 10 15.17% 3.9% 421.7% 93.65%

Top 10 Holdings

  1. Reliance Industries Ltd 1.78%

  2. Alibaba Group Holding Ltd ADR 1.73%

  3. AIA Group Ltd 1.66%

  4. Taiwan Semiconductor Manufacturing Co Ltd 1.56%

  5. Kotak Mahindra Bank Ltd 1.53%

  6. HDFC Bank Ltd 1.53%

  7. Microsoft Corp 1.49%

  8. Tencent Holdings Ltd 1.45%

  9. Mastercard Inc A 1.31%

  10. Alphabet Inc Class C 1.15%


Asset Allocation

Weighting Return Low Return High CNWAX % Rank
Stocks
88.70% 0.00% 102.58% 94.64%
Cash
7.36% -3.68% 54.06% 9.33%
Bonds
3.89% -72.20% 94.13% 5.56%
Convertible Bonds
0.05% 0.00% 19.06% 6.75%
Preferred Stocks
0.00% 0.00% 2.93% 96.03%
Other
0.00% -1.44% 15.46% 96.23%

Stock Sector Breakdown

Weighting Return Low Return High CNWAX % Rank
Technology
19.45% 0.00% 43.17% 61.03%
Financial Services
15.94% 0.00% 51.75% 87.67%
Consumer Cyclical
11.54% 0.00% 33.57% 53.48%
Healthcare
8.60% 0.00% 13.32% 7.16%
Industrials
8.19% 0.00% 17.60% 21.67%
Basic Materials
7.27% 0.00% 15.85% 33.20%
Consumer Defense
6.27% 0.00% 44.58% 73.76%
Energy
5.94% 0.00% 25.34% 46.32%
Utilities
2.58% 0.00% 51.35% 29.03%
Real Estate
1.26% 0.00% 11.64% 73.36%
Communication Services
1.08% 0.00% 18.15% 71.57%

Stock Geographic Breakdown

Weighting Return Low Return High CNWAX % Rank
Non US
71.15% 0.00% 103.67% 95.24%
US
17.55% -2.10% 99.98% 3.77%

CNWAX - Expenses

Operational Fees

CNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.05% 13.96% 86.51%
Management Fee 0.53% 0.00% 2.00% 6.94%
12b-1 Fee 0.22% 0.00% 1.00% 21.81%
Administrative Fee 0.05% 0.00% 0.85% 35.66%

Sales Fees

CNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.40% 5.75% 39.39%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 2.00% 307.00% 42.06%

CNWAX - Distributions

Dividend Yield Analysis

CNWAX Category Low Category High CNWAX % Rank
Dividend Yield 0.01% 0.00% 0.19% 49.01%

Dividend Distribution Analysis

CNWAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

CNWAX Category Low Category High CNWAX % Rank
Net Income Ratio 0.95% -1.57% 5.89% 49.40%

Capital Gain Distribution Analysis

CNWAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

CNWAX - Managers

Mark E. Denning

Manager

Start Date

Tenure

Tenure Rank

Jun 17, 1999

20.05

20.1%

Mark E. Denning is an equity portfolio manager at Capital Group. He has 36 years of investment experience, all with Capital Group. Earlier in his career at Capital, Mark had equity investment analyst responsibilities for companies based in Southeast Asia. He holds an MBA in finance and international business from Columbia Business School and a bachelor’s degree in economics from the London School of Economics. Mark is based in Los Angeles.


Robert W. Lovelace

Manager

Start Date

Tenure

Tenure Rank

Jun 17, 1999

20.05

20.1%

Robert W. Lovelace is vice chairman of the Capital Group Companies, president of Capital Research and Management Company, Inc., part of Capital Group, and serves on the Capital Group Management Committee. He is also an equity portfolio manager. Earlier in his career, Rob was an equity investment analyst at Capital covering global mining & metals companies and companies domiciled in Mexico and the Philippines. He holds a bachelor’s degree in mineral economics (geology) from Princeton University. He also holds CFA designation.


Carl M. Kawaja

Manager

Start Date

Tenure

Tenure Rank

Jun 17, 1999

20.05

20.1%

Carl M. Kawaja is an equity portfolio manager at Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global household products and U.S. personal care companies, along with Canadian companies. Before joining Capital, Carl was a security analyst for Gabelli & Company in New York, as well as an equity analyst for Lévesque Beaubien in Montreal. He holds an MBA in finance from Columbia Business School and a bachelor’s degree in history from Brown University graduating magna cum laude.


Nicholas J. Grace

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2008

11.5

11.5%

Nicholas J. Grace is an equity portfolio manager at Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global mining companies. Prior to joining Capital, he was manager of metals research for J.P. Morgan Investment Management in Australia. Nick holds an MBA from the University of Wisconsin-Madison, and a bachelor’s degree in finance and economics from the University of Waikato, New Zealand, graduating with honors. He also holds the Chartered Financial Analyst® designation. Nick is based in London.


Wahid Butt

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2008

11.5

11.5%

Wahid Butt is an equity portfolio manager at Capital Group. As an equity investment analyst, he covers European chemicals, oil services and is a small-cap generalist for Europe and Korea. Prior to joining Capital, Wahid was head of research for Citigroup in Korea. Before that, he was head of Asia research for WI Carr Securities also in Korea. He holds both an MBA and a bachelor’s degree in business from the University of Karachi, Pakistan. Wahid is based in London.


Christopher M. Thomsen

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2009

10.5

10.5%

Christopher Thomsen is an equity portfolio manager at Capital Group. He has 21 years of investment experience, all with Capital Group. Earlier in his career at Capital, as an equity investment analyst, he covered European and Asian media companies, Hong Kong-based utilities, property companies, conglomerates, and small-cap companies along with generalist coverage of other companies domiciled in Hong Kong and the Philippines. Prior to joining Capital, Chris worked as a corporate finance analyst for Citibank NA. He holds an MBA from Columbia Business School and a bachelor’s degree in international economics from the School of Foreign Service at Georgetown University. Chris is based in London.


Winnie Kwan

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2009

10.5

10.5%

Winnie Kwan is an equity portfolio manager at Capital Group. Earlier in her career, as an equity investment analyst at Capital, she covered global exchanges, Asian utilities and small-cap companies. Prior to joining Capital, Winnie worked with Morgan Stanley in London, Hong Kong and Singapore. She holds both master’s and bachelor’s degrees in economics from Trinity College at the University of Cambridge. She also holds the Chartered Financial Analyst® designation. Winnie is based in Hong Kong. Background and approach: Bottom-up research is at the heart of Winnie’s approach. Her investment decisions always factor in assessment of a company’s valuation in relation to its global peers, history and prevailing interest rates. She also pays close attention to balance sheets, as well as free cash flow generation. Her emphasis is on seeking longer term total return (stock appreciation and dividend growth) potential, with investments that are not concentrated. “Typically, I invest in companies for several years. Assuming our research thesis is borne out, this is a holding period over which earnings, dividends and various multiples have ample time to potentially improve,” she says. In addition, Winnie likes to invest in cyclical stocks that are out of favor — at a trough in their valuation cycle and toward the bottom of their industry’s capital expenditure cycle. She emphasizes high-quality companies. Winnie will also selectively invest in attractively valued companies where her view of a management change or earnings turnaround is positive, if there are signs of improvement that appear favorable for potential returns.


Jonathan Knowles

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2016

3.5

3.5%

Jonathan Knowles is an equity portfolio manager at Capital Group. Earlier in his career, as an equity investment analyst at Capital, Jonathan covered pharmaceuticals, chemicals, support services and small-cap companies. He holds an MBA from INSEAD, France, and a PhD in immunovirology and bachelor’s degree in veterinary science from the University of Liverpool, U.K., where he was a Wellcome Foundation Research Scholar. Jonathan is based in Singapore.


Bradford F. Freer

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2017

2.49

2.5%

Bradford F. Freer is an equity portfolio manager at Capital Group. Earlier in his career at Capital, he was an equity investment analyst covering multiple sectors as a generalist in both Australia and India. Before that he was an equities trader in both Singapore and Hong Kong. Brad was also a participant in The Associates Program, a two-year series of work assignments in various areas of the Capital organization. Prior to joining Capital, he was an associate at Gamble, Jones, Holbrook & Bent in Pasadena, California. He holds a bachelor’s degree in international relations from Connecticut College, as well as the Chartered Financial Analyst® designation. Brad is based in Los Angeles.


Steven G. Backes

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2019

0.49

0.5%

Steven G. Backes is a portfolio manager at Capital Group. As a fixed income investment analyst he covers emerging markets debt. Prior to joining Capital, he was a senior economist for the Federal Reserve Bank of New York. Before that, he served as a director, financial attaché, and special advisor at the United States Treasury and as an economist for the International Monetary Fund. He holds both a PhD and a master’s degree in economics from Duke University, and a bachelor’s degree in economics from Duke University, and a bachelor’s degree in economics from the University of Colorado, Boulder.


Tenure Analysis

Category Low

0.0

Category High

25.57

Category Average

6.26

Category Mode

5.41