American Funds New World 529A
CNWAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071-1447 Los Angeles CA United States of America 90071-1447
- IPO Date
- Feb 19, 2002
- CIK
- 0001073330
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds New World Fund Class 529-A (CNWAX) is a mutual fund managed by Capital Group that seeks long-term capital appreciation primarily through investments in common stocks of companies domiciled in or with significant exposure to emerging markets and developing economies; it also invests in multinational companies with substantial emerging markets operations, fixed income securities, and cash equivalents. The fund allocates assets across sectors including information technology (19.7%), financials (17.0%), consumer discretionary (13.2%), and industrials (12.6%), with geographic exposure emphasizing emerging markets ex-China (41.5%), China (15.6%), the United States (18.6%), and Europe & Middle East (15.8%), as of September 30, 2025; it maintains a portfolio of over 432 companies/issuers and had net assets of $74.2 billion as of the same date. Launched on June 17, 1999, and headquartered in Los Angeles, California, as part of the American Funds family under Capital Group Companies, Inc., CNWAX serves investors through 529 college savings plans with a minimum initial investment of $250, an expense ratio of 1.00%, and annual portfolio turnover of 37% in 2024. In December 2024, the fund distributed regular income dividends of $0.6337 per share and long-term capital gains of $2.1679 per share, reflecting strong performance with a 12-month distribution rate of 0.66% at NAV; its prospectus was updated effective January 1, 2025. The fund continues to be managed by a multiple-manager team including veterans such as Carl Kawaja (23 years tenure), Robert Lovelace, and Winnie Kwan, with no reported changes to the investment strategy, partnerships, or structure in 2024 or 2025.