NFFFX - American Funds New World F2

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American Funds New World F2

New World Fund Inc

333 South Hope Street

Los Angeles, CA 90071-1447

Management information
Robert Lovelace,Lead manager since 16 June 1999
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.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryDiversified Emerging Mkts
Fund familyAmerican Funds
Net assets40.48B
YTD return17.27%
Morningstar rating★★★★★
Inception date31 Jul 2008

Fund operations

Last dividend0.00
Last cap gain0.00
Holdings turnover36.00%
Average for categoryN/A

Fees and expenses

ExpenseNFFFXCategory average
Annual report expense ratio (net)0.72%1.35%
Prospectus net expense ratio0.72%N/A
Prospectus gross expense ratio0.72%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A5.09%
Max deferred sales loadN/A1.15%
3-yr expense projection230N/A
5-yr expense projection401N/A
10-yr expense projection894N/A