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Mutual Fund Insights: American Funds New World 529E Fund (CNWEX)

In-depth Analysis of American Funds New World 529E Fund (CNWEX)

Mutual fund chart: American Funds New World 529E Fund (CNWEX)

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See American Funds New World 529E Fund (CNWEX) performance details as of January 31, 2010

Last Trade: $47.51 on 3/19/2010, Change: -0.22 (-0.46%)

Fund Manager - Carl M. Kawaja

Fund Manager Tenure: 10.8 years [Similar Funds: CNWAX CNWBX CNWCX CNWFX ]
Fundmojo Fund Grade: C (Score: 0.59) (What does this score mean?)

Carl Kawaja is a portfolio manager, a director of Capital International Asset Management and a senior vice president of Capital Research Company. Prior to joining the Capital Group organization in 1991, Carl was a security analyst for Gabelli and Co. in New York, as well as an equity analyst for Levesque Beaubien Inc. in Montreal. Carl received a bachelor's degree in history from Brown University and an MBA from Columbia University Graduate School of Business. He is based in San Francisco. Get more insights on Carl M. Kawaja

What we like about American Funds New World 529E Fund (CNWEX)

Data for American Funds New World 529E Fund (CNWEX) as of January 31, 2010

American Funds New World 529E Fund (CNWEX) management has been with American Funds New World 529E Fund for 10.8 years
American Funds New World 529E Fund (CNWEX) has good mid-term performance (3-year return 0.68% vs 0.16% Diversified Emerging Mkts category average)
American Funds New World 529E Fund (CNWEX) ratio of up-years vs down years is greater than 2
American Funds New World 529E Fund (CNWEX) has a Morningstar rating of 4 and above
American Funds New World 529E Fund (CNWEX) has an annual stock turnover rate of 36.00% vs Diversified Emerging Mkts average of 85.71%. It is good that American Funds New World 529E management does not trade extensively for its return.
American Funds New World 529E Fund (CNWEX) is less volatile than its peers as it has a 3-year Standard Deviation of 26.01, lower than category average of 33.23
American Funds New World 529E Fund (CNWEX) has a lower management fee than its Diversified Emerging Mkts average: 1.49% vs 1.76%

What we are cautious about American Funds New World 529E Fund (CNWEX)

Data for American Funds New World 529E Fund (CNWEX) as of January 31, 2010

American Funds New World 529E Fund (CNWEX) has a less-than-ideal short-term performance (1-year return 56.06% vs 78.02% Diversified Emerging Mkts category average)
American Funds New World 529E Fund (CNWEX) has a less-than-ideal Long-term performance (5-year return 10.76% vs 11.75% Diversified Emerging Mkts category average)
American Funds New World 529E Fund (CNWEX) is less safe compared to its Diversified Emerging Mkts peers
American Funds New World 529E Fund (CNWEX) does not have a good risk adjusted return as its 3-year Alpha of 9.37 is worse than category average of 12.91, and its 3-year Sharpe ratio is 0.09
Even though American Funds New World 529E Fund carries no load, it does have a 0.50% of 12b1 promotion, distributions, marketing expenses

See American Funds New World 529E Fund (CNWEX) performance details as of January 31, 2010

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American Funds New World 529E Fund (CNWEX) Net Asset

Track net asset change of American Funds New World 529E fund (CNWEX)

Date	Net Asset
01/2010	$21.58M
11/2009	$20.64M
10/2009	$19.12M

More historic net asset information on American Funds New World 529E Fund (CNWEX)

American Funds New World 529E Fund (CNWEX) Portfolio Allocation

Track portfolio allocation change of American Funds New World 529E fund (CNWEX)

Date	Cash	Stock	Bond	Other
09/2009	12.2%	76.62%	11.06%	0.11%
06/2009	15.47%	71.65%	12.88%	0%
03/2009	11.56%	73.75%	13.71%	0.99%

Click here to see more historic asset allocation information on American Funds New World 529E Fund (CNWEX)

Most Recent Top 10 Holdings in American Funds New World 529E Fund (CNWEX)

Discover what American Funds New World 529E Fund (CNWEX) manager is buying

30-Sep-09

AMERICA MOVIL, S.A.B [2.93%]
Teva Pharmaceutical Industries [1.67%]
NESTLE N ORD [1.45%]
Gazprom OAO (EDR) [1.25%]
VAIL RESORTS INC [1.25%]
Inbev [1.08%]
BANCO SANTANDER CHI [1.07%]
Itausa - Investimentos Itau [1.05%]
Pharsight Corporation [1.01%]
PT Bank Rakyat Indonesia (Persero) [0.99%]

30-Jun-09

31-Mar-09

Teva Pharmaceutical Industries [2.86%]
America Movil, S.A.B. de C.V. [2.6%]
Nestle [1.84%]
Gazprom OAO (EDR) [1.58%]
Anheuser-Busch Inbev Sa, Bruxelles [1.55%]
Israel Chemicals Ltd [1.5%]
Philippine Long Distance Telephone [1.21%]
Petroleo Brasileiro S.A. [1.15%]
Mtn Group Limited [1.13%]
Avon Products, Inc. [1.09%]

Click here for Stock Holding Change Map in American Funds New World 529E Fund (CNWEX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.