American Funds New World 529-F-2 (FNFWX)
| Fund Assets | 66.48B |
| Expense Ratio | 0.71% |
| Min. Investment | $250 |
| Turnover | 37.00% |
| Dividend (ttm) | 3.06 |
| Dividend Yield | 3.44% |
| Dividend Growth | 46.98% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2024 |
| Previous Close | 88.87 |
| YTD Return | 16.23% |
| 1-Year Return | 12.36% |
| 5-Year Return | n/a |
| 52-Week Low | 70.32 |
| 52-Week High | 89.57 |
| Beta (5Y) | n/a |
| Holdings | 611 |
| Inception Date | Oct 30, 2020 |
About FNFWX
American Funds New World Fund 529-F-2 is a diversified mutual fund designed to provide broad exposure to emerging markets. Its primary objective is long-term capital appreciation, achieved mainly through investments in common stocks of companies with significant operations or exposure in developing countries. The fund uniquely combines direct investments in emerging markets businesses with positions in multinational corporations whose revenues are substantially tied to these regions, expanding both sector and geographic reach. In addition to equities, the fund may allocate assets to debt securities, including government bonds and lower-rated bonds (commonly referred to as "junk bonds"), further diversifying risk and return profiles. The portfolio management utilizes a team-based approach, with individual managers responsible for discrete segments of the fund. This multi-manager structure supports comprehensive global research and adaptable decision-making. The fund plays a significant role in offering investors a gateway to the dynamic and often rapidly growing economies outside developed markets. By blending exposure to both emerging market leaders and global firms with emerging market interests, American Funds New World Fund 529-F-2 serves as a tool for diversification and potential growth within long-term investment strategies.
Performance
FNFWX had a total return of 12.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.22%.
Top 10 Holdings
22.59% of assets| Name | Symbol | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 2330 | 5.69% |
| CAPITAL GROUP CENTRAL CASH FUND | CMQXX | 4.06% |
| MercadoLibre, Inc. | MELI | 2.54% |
| Microsoft Corporation | MSFT | 2.00% |
| TENCENT HOLDINGS LTD | 0700 | 1.84% |
| Meta Platforms, Inc. | META | 1.36% |
| Banco Bilbao Vizcaya Argentaria, S.A. | BBVA | 1.31% |
| Nu Holdings Ltd. | NU | 1.30% |
| Broadcom Inc. | AVGO | 1.26% |
| AAR Corp. | AIR | 1.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2024 | $3.0605 | Dec 20, 2024 |
| Dec 14, 2023 | $2.0822 | Dec 15, 2023 |
| Dec 15, 2022 | $0.8028 | Dec 16, 2022 |
| Dec 16, 2021 | $6.1485 | Dec 17, 2021 |
| Dec 17, 2020 | $0.2426 | Dec 18, 2020 |