American Funds New World Fund R-2 is a diversified mutual fund designed to provide long-term capital appreciation by investing chiefly in companies connected to developing economies. The fund primarily holds common stocks of firms that either operate in or significantly benefit from growth in emerging markets, while also allocating a portion to multinational corporations with substantial emerging markets exposure. Managed by Capital Research and Management Company, the fund leverages a team of experienced professionals who blend both growth and value investing strategies across a range of market capitalizations. Sector-wise, its holdings include technology, consumer discretionary, and communication services, with notable positions in leading global firms such as TSMC, Microsoft, MercadoLibre, and Tencent. The fund offers broad international diversification, aiming to tap into the dynamic expansion of developing countries and to balance risk through investments in both equity and limited fixed income securities. Since its inception in 1999, the fund has positioned itself as a tool for investors seeking global growth opportunities and diversification within their portfolios.