American Funds New World A (NEWFX) a Zacks Ranked #2 (Buy) was incepted in June 1999 and is managed by Capital Research and Management Company. NEWFX seeks to provide long-term growth of capital by investing in stocks and bonds with significant exposure to countries that have developing economies and/or markets. NEWFX invests in securities of issuers based in 'qualified developing countries,' as well as in equity securities of issuers based in the developed world with significant assets or revenues attributable to developing countries. NEWFX also invests in bonds offering exposure to developing countries. NEWFX invests in common stocks and other equity-type securities, corporate and government bonds, and cash and equivalents. NEWFX invests at least 35% of assets in securities of issuers based in qualified developing countries. This Non US-Equity product, as of the last filing, allocates their fund in four major groups; Emerging Market, Foreign Stock, High Yield Bond and Large Growth. Further, as of the last filing, Novo Nordisk A/S, AIA Group Limited and Naspers Limited were the top holdings for NEWFX. American Funds New World A, managed by American Funds, carries an expense ratio of 1.04%. Moreover, NEWFX requires a minimal initial investment of $250. NEWFX has a history of positive total returns for over 10 years. To see how this fund performed compared in its category, please click here. NEWFX’s performance, as of the last filing, when compared to funds in its category was in the top 39% in 1 year, top 65% over the past 3 years, and in the 62% over the past 5 years. Zacks Premium To see the Zacks Mutual Fund Rank for the funds you’re interested in —plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more— start your 30-day free trial to Zacks Premium. View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (NEWFX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research