American Funds New World Fund Cl F-1Shs
NWFFX
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 S Hope St - 55th Fl (micg) Los Angeles CA United States of America 90071
- IPO Date
- Mar 16, 2001
- CIK
- 0001073330
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds New World Fund Class F-1 (NWFFX) is an open-end mutual fund managed by Capital Group that seeks long-term capital appreciation through investments primarily in common stocks of companies domiciled in or with significant exposure to countries with developing economies and/or markets. Under normal conditions, the fund invests at least 35% of its assets in equity and debt securities of issuers based in qualified emerging market countries; it maintains a diversified portfolio with approximately 430+ holdings across sectors including information technology (21.9%), financials (17.0%), consumer discretionary (12.9%), industrials (12.2%), and communication services (10.0%), with regional allocations emphasizing emerging markets ex-China (42.5%), China (14.8%), Europe & Middle East (15.6%), and the United States (18.1%). The fund offers multiple share classes including Class A (NEWFX), Class F-1 (NWFFX), Class F-2 (NFFFX), Class R-5 (RNWFX), and others, with services encompassing regular dividends paid in December, capital gains distributions, and a minimum initial investment of $250; it features an annual management fee of 0.51%, total expenses of 0.97% for Class F-1, and a portfolio turnover rate of 46% as of 2025. Headquartered at 333 South Hope Street, Los Angeles, California, the fund was launched on June 17, 1999, by Capital Group Companies, Inc., and operates globally with a focus on diversified emerging markets for individual investors, financial advisors, and institutional clients through platforms like American Funds. In recent developments, veteran portfolio manager Jonathan Knowles retired from the fund and Capital Group effective April 1, 2024, after 31 years with the firm and seven years managing this strategy, with Matt Hochstetler joining the management team in November 2023 to maintain continuity among the 13-person team including Robert Lovelace, Carl Kawaja, and Christopher Thomsen; the fund distributed significant long-term capital gains of $2.1679 per share in December 2024 alongside income dividends. Capital Group, the fund's parent, launched its first public-private investment solutions in April 2025 through a strategic partnership with KKR, introducing interval funds Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+ focused on credit strategies, with plans for additional equity strategies to broaden private market access.