- What does CNWAX invest in?
- The fund's primary focus is on investing in the equity of companies that demonstrate substantial exposure to countries with developing economies and/or emerging markets. Under typical market conditions, a minimum of 35% of its total assets will be allocated to both equity and fixed-income securities issued by entities predominantly based in these qualifying growth economies.
- What is the expense ratio of CNWAX?
- American Funds New World 529A (CNWAX) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is CNWAX?
- American Funds New World 529A (CNWAX) manages $88.60B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is CNWAX actively managed or an index fund?
- CNWAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was CNWAX launched?
- American Funds New World 529A (CNWAX) launched in June 1999 and is managed by Capital Group.
- How has CNWAX performed?
- CNWAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
