New World Fund 529A

Frequently Asked Questions About CNWAX

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?

New World Fund 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?

New World Fund 529A (CNWAX) manages $88.44B 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?

New World Fund 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.