# EDGAR Filing Document

**Accession Number:** 0001073330
**File Stem:** 0001193125-26-005755
**Filing Date:** 2026-1
**Character Count:** 304137
**Document Hash:** 9f4f0fabfd0f936b1e9f1d51e376cec7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-005755.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001193125-26-005755

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 60

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**EFFECTIVENESS DATE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW WORLD FUND INC
- **CENTRAL INDEX KEY:** 0001073330

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09105
- **FILM NUMBER:** 26514585

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW WORLD FUND INC /CA
- **DATE OF NAME CHANGE:** 19990305

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL WORLD OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 19981110

## Series and Classes Contracts Data

### NEW WORLD FUND INC (Series ID: S000009633)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000026375 | Class A       | NEWFX           |
| C000026376 | Class R-1     | RNWAX           |
| C000026377 | Class R-2     | RNWBX           |
| C000026378 | Class R-3     | RNWCX           |
| C000026379 | Class R-4     | RNWEX           |
| C000026380 | Class R-5     | RNWFX           |
| C000026382 | Class C       | NEWCX           |
| C000026383 | Class F-1     | NWFFX           |
| C000026384 | Class 529-A   | CNWAX           |
| C000026386 | Class 529-C   | CNWCX           |
| C000026387 | Class 529-E   | CNWEX           |
| C000026388 | Class 529-F-1 | CNWFX           |
| C000068580 | Class F-2     | NFFFX           |
| C000077878 | Class R-6     | RNWGX           |
| C000148355 | Class R-2E    | RNEBX           |
| C000164813 | Class R-5E    | RNWHX           |
| C000179977 | Class F-3     | FNWFX           |
| C000189488 | Class 529-T   | TWNFX           |
| C000189489 | Class T       | TNWFX           |
| C000224597 | Class 529-F-2 | FNFWX           |
| C000224598 | Class 529-F-3 | FWWNX           |

?xml version='1.0' encoding='ASCII'? 8ad4c480-f0fc-4edf-b701-494dd8e8e1b4

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-09105

#### New World Fund, Inc.
(Exact name of registrant as specified in charter)

------

333 South Hope Street, 55th Floor

Los Angeles, California 90071

(Address of principal executive offices)

Hong T. Le

6455 Irvine Center Drive

Irvine, California 92618

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(949) 975-5000

#### Date of fiscal year end:

#### October 31

#### Date of reporting period:

#### October 31, 2025
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class A \| NEWFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$108 | 0.97% |

---

#### Management's discussion of fund performance
The fund's Class A shares gained 23.20% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-A.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478765.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class A (with sales charge)\* | 16.11% | 7.40% | 8.48% |
| New World Fund — Class A (without sales charge)\* | 23.20% | 8.68% | 9.12% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-A.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFAAARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class C \| NEWCX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$191 | 1.72% |

---

#### Management's discussion of fund performance
The fund's Class C shares gained 22.28% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-C.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478809.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class C (with sales charge)\* | 21.28% | 7.86% | 8.45% |
| New World Fund — Class C (without sales charge)\* | 22.28% | 7.86% | 8.45% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-C.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFCCARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class T \| TNWFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$79 | 0.71% |

---

#### Management's discussion of fund performance
The fund's Class T shares gained 23.46% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478589.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class T (with sales charge)2 | 20.37% | 8.39% | 9.11% |
| New World Fund — Class T (without sales charge)2 | 23.46% | 8.93% | 9.43% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.06% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.84% |

---

<sup>1</sup> Class T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFTTARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class F-1 \| NWFFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$107 | 0.96% |

---

#### Management's discussion of fund performance
The fund's Class F-1 shares gained 23.21% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F1.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478853.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class F-1\* | 23.21% | 8.69% | 9.14% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF1ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class F-2 \| NFFFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$76 | 0.68% |

---

#### Management's discussion of fund performance
The fund's Class F-2 shares gained 23.56% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F2.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478897.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class F-2\* | 23.56% | 9.00% | 9.44% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF2ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class F-3 \| FNWFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$64 | 0.57% |

---

#### Management's discussion of fund performance
The fund's Class F-3 shares gained 23.69% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F3.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478545.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class F-32 | 23.69% | 9.12% | 9.99% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.53% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.96% |

---

<sup>1</sup> Class F-3 shares were first offered on January 27, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF3ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-A \| CNWAX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$110 | 0.99% |

---

#### Management's discussion of fund performance
The fund's Class 529-A shares gained 23.19% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529A.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478017.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class 529-A (with sales charge)\* | 18.88% | 7.88% | 8.69% |
| New World Fund — Class 529-A (without sales charge)\* | 23.19% | 8.65% | 9.08% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529A.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5AARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-C \| CNWCX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$194 | 1.75% |

---

#### Management's discussion of fund performance
The fund's Class 529-C shares gained 22.23% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529C.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478061.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class 529-C (with sales charge)\* | 21.23% | 7.82% | 8.66% |
| New World Fund — Class 529-C (without sales charge)\* | 22.23% | 7.82% | 8.66% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529C.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5CARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-E \| CNWEX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$134 | 1.20% |

---

#### Management's discussion of fund performance
The fund's Class 529-E shares gained 22.92% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529E.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478149.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class 529-E\* | 22.92% | 8.44% | 8.86% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5EARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-T \| TWNFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$86 | 0.77% |

---

#### Management's discussion of fund performance
The fund's Class 529-T shares gained 23.41% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478633.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class 529-T (with sales charge)2 | 20.33% | 8.34% | 9.06% |
| New World Fund — Class 529-T (without sales charge)2 | 23.41% | 8.89% | 9.39% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.06% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.84% |

---

<sup>1</sup> Class 529-T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5TARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-F-1 \| CNWFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$86 | 0.77% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-1 shares gained 23.38% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F1.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478105.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class 529-F-1\* | 23.38% | 8.86% | 9.30% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5FARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-F-2 \| FNFWX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$78 | 0.70% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-2 shares gained 23.54% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F2.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478677.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class 529-F-22 | 23.54% | 8.98% | 8.97% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.45% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 14.60% |

---

<sup>1</sup> Class 529-F-2 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5XARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class 529-F-3 \| FWWNX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$70 | 0.63% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-3 shares gained 23.56% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F3.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478721.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class 529-F-32 | 23.56% | 9.02% | 9.01% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.45% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 14.60% |

---

<sup>1</sup> Class 529-F-3 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5YARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-1 \| RNWAX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$183 | 1.65% |

---

#### Management's discussion of fund performance
The fund's Class R-1 shares gained 22.35% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R1.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478193.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-1\* | 22.35% | 7.93% | 8.33% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR1ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-2 \| RNWBX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$186 | 1.67% |

---

#### Management's discussion of fund performance
The fund's Class R-2 shares gained 22.32% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478237.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-2\* | 22.32% | 7.92% | 8.36% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR2ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-2E \| RNEBX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$153 | 1.37% |

---

#### Management's discussion of fund performance
The fund's Class R-2E shares gained 22.71% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2E.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478457.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-2E\* | 22.71% | 8.25% | 8.68% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R2E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF2EARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-3 \| RNWCX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$136 | 1.22% |

---

#### Management's discussion of fund performance
The fund's Class R-3 shares gained 22.90% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R3.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478281.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-3\* | 22.90% | 8.41% | 8.84% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR3ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-4 \| RNWEX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R4. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$103 | 0.92% |

---

#### Management's discussion of fund performance
The fund's Class R-4 shares gained 23.25% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R4.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478325.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-4\* | 23.25% | 8.74% | 9.18% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R4.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR4ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-5E \| RNWHX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$80 | 0.72% |

---

#### Management's discussion of fund performance
The fund's Class R-5E shares gained 23.51% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5E.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478501.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| New World Fund — Class R-5E2 | 23.51% | 8.95% | 9.34% |
| MSCI Emerging Markets Index3 | 27.91% | 7.46% | 7.78% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.38% |

---

<sup>1</sup> Class R-5E shares were first offered on November 20, 2015.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R5E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFE5ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-5 \| RNWFX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$70 | 0.63% |

---

#### Management's discussion of fund performance
The fund's Class R-5 shares gained 23.64% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478369.jpg)

#### Average annual to tal returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-5\* | 23.64% | 9.06% | 9.50% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R5.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR5ARX-036-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## New World Fund <sup>®</sup>
**Class R-6 \| RNWGX** for the year ended October 31, 2025

This annual shareholder report contains important information about New World Fund (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R6. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$64 | 0.57% |

---

#### Management's discussion of fund performance
The fund's Class R-6 shares gained 23.69% for the year ended October 31, 2025. That result compares with a 27.91% gain for the MSCI Emerging Markets Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R6.

#### What factors influenced results
Global equity markets posted robust gains over the fiscal year, overcoming volatility from trade tensions and geopolitical uncertainty. All major regions delivered positive returns, with most non-U.S. markets outpacing U.S. equities throughout 2025. While U.S. equities benefited from strong tech earnings and large-cap growth, they slightly trailed the broader global rally. Within emerging markets, equities in China, Taiwan and Korea rallied sharply, more than offsetting the modest decline in India.

Most sectors delivered positive returns for the fund, with information technology, financials, industrials and communication services contributing significantly. Returns from the consumer discretionary and materials sectors were also positive, though below the portfolio's overall returns. Geographically, shares of companies based in the U.S., China, Korea and Taiwan made meaningful contributions to investment results.

Conversely, holdings in the health care sector weighed slightly on overall results. Returns from the energy and real estate sectors were the smallest positive contributors over the period. On a country basis, investments in Denmark, Indonesia and Luxembourg were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1478413.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| New World Fund — Class R-6\* | 23.69% | 9.12% | 9.56% |
| MSCI Emerging Markets Index† | 27.91% | 7.46% | 7.69% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $75868 |
| Total number of portfolio holdings | 624 |
| Total advisory fees paid (in millions) | $335 |
| Portfolio turnover rate | 46% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R6.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR6ARX-036-1225© 2025 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
The Registrant has adopted a Code of Ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer and principal accounting officer, or persons performing similar functions. A copy of the code of ethics is available without charge at https://www.capitalgroup.com/individual/pdf/shareholder/cg_code_of_ethics.pdf.

------

#### ITEM 3 - Audit Committee Financial Expert
The Registrant's board has determined that Pablo R. González Guajardo, a member of the Registrant's audit committee, is an "audit committee financial expert" and "independent," as such terms are defined in this Item. This designation will not increase the designee's duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant's financial statements and condition.

------

#### ITEM 4 - Principal Accountant Fees and Services

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Registrant<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Fees | &nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related Fees | (c) Tax Fees | &nbsp;&nbsp;&nbsp;&nbsp;(d) All Other Fees |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144000 | &nbsp;&nbsp;10000 | &nbsp;&nbsp;58000 |  |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168000 | &nbsp;&nbsp;10000 | &nbsp;&nbsp;61000 |  |
| **Adviser and Affiliates<sup>2</sup>** |  |  |  |  |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;1867000 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;72000 |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;2131000 |  | &nbsp;&nbsp;&nbsp;&nbsp;11000 |

---

---

| | |
|:---|:---|
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Aggregate |
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**non-audit fees** |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2010000 |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2212000 |

---

<sup>1</sup>The audit fees represents fees billed for professional services rendered for the audit and review of the Registrant's annual financial statements. The audit-related fees represents fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Registrant's financial statements, but not reported under "audit fees". The tax fees consist of professional services relating to the preparation of the Registrant's tax returns. The other fees represents fees, if any, billed for other products and services rendered by the principal accountant to the Registrant other than those reported under the "audit fees", "audit-related fees", and "tax fees".

<sup>2</sup>This includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below. The audit-related fees consist of assurance and related services relating to the examination of the Registrant's transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants. The tax fees consist of consulting services relating to the Registrant's investments. The other fees consist of subscription services related to an accounting research tool.

<sup>3</sup>Aggregate non-audit fees paid to the Registrant's auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors' independence.

**(e1)(e2)(h)** All audit and permissible non-audit services that the Registrant's audit committee considers compatible with maintaining the independent registered public accounting firm's independence are required to be pre-approved by the committee. The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services. Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre- approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.

**(f)**Not applicable.

**(i)**Not applicable.

**(j)**Not applicable.

------

#### ITEM 5 - Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

------

#### ITEM 6 - Investments
The schedule of investments is included as part of the material filed under Item 7 of this Form.

------

#### ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies

------

![](imgafe26c9c1.jpg)

**New World Fund**<sup>®</sup>

Financial Statements and Other Information

N-CSR Items 7-11

for the year ended October 31, 2025

Lit. No. MFGEFP4-036-1225© 2025 Capital Group. All rights reserved.

------

Investment portfolio October 31, 2025

------

---

| | | |
|:---|:---|:---|
| Common stocks 94.44% | Shares | Value<br> (000)<br>|
| **Information technology 22.43%** | **Information technology 22.43%** | **Information technology 22.43%** |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 123357720 | $5968638 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 218680 | 65698 |
| SK hynix, Inc.  | 4798947 | 1874812 |
| Microsoft Corp.  | 2947481 | 1526235 |
| Broadcom, Inc.  | 3959326 | 1463486 |
| NVIDIA Corp.  | 5647297 | 1143521 |
| ASML Holding NV  | 471267 | 499003 |
| ASML Holding NV (ADR)  | 155883 | 165116 |
| Tokyo Electron, Ltd.  | 2754400 | 611041 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 1628376 | 412468 |
| KLA Corp.  | 310148 | 374888 |
| Samsung Electronics Co., Ltd.  | 3279698 | 246900 |
| Xiaomi Corp., Class B <sup>(a)</sup>  | 43819500 | 243079 |
| SAP SE  | 739500 | 191086 |
| SAP SE (ADR) <sup>(b)</sup>  | 83657 | 21751 |
| Elite Material Co., Ltd.  | 4363400 | 190874 |
| MediaTek, Inc.  | 3991130 | 169319 |
| Capgemini SE  | 1078723 | 166079 |
| Apple, Inc.  | 529486 | 143157 |
| Intel Corp. <sup>(a)</sup>  | 3486258 | 139415 |
| Synopsys, Inc. <sup>(a)</sup>  | 271012 | 122991 |
| Oracle Corp.  | 400497 | 105175 |
| E Ink Holdings, Inc.  | 14685000 | 100886 |
| Jentech Precision Industrial Co., Ltd.  | 1449000 | 99666 |
| Corning, Inc.  | 938535 | 83605 |
| TDK Corp.  | 4547368 | 78419 |
| Keyence Corp.  | 209100 | 77569 |
| eMemory Technology, Inc.  | 1108000 | 71329 |
| Micron Technology, Inc.  | 311943 | 69803 |
| Accton Technology Corp.  | 1619000 | 56605 |
| Infineon Technologies AG  | 1283531 | 50769 |
| Credo Technology Group Holding, Ltd. <sup>(a)</sup>  | 265462 | 49806 |
| ASM International NV  | 75804 | 49121 |
| Hon Hai Precision Industry Co., Ltd.  | 5149000 | 42925 |
| Globant SA <sup>(a)</sup>  | 674740 | 41551 |
| Coforge, Ltd.  | 1892925 | 37890 |
| Zhongji Innolight Co., Ltd., Class A  | 550473 | 35908 |
| Unity Software, Inc. <sup>(a)</sup>  | 870867 | 33006 |
| ASE Technology Holding Co., Ltd.  | 3771000 | 30105 |
| HCL Technologies, Ltd.  | 1724600 | 29941 |
| Advantech Co., Ltd.  | 2882000 | 29305 |
| EPAM Systems, Inc. <sup>(a)</sup>  | 178164 | 29137 |
| Tata Consultancy Services, Ltd.  | 765696 | 26328 |
| LITE-ON Technology Corp.  | 3915000 | 22721 |
| Canva Australia Holdings Pty, Ltd. <sup>(a)(c)(d)</sup>  | 10572 | 17403 |
| Disco Corp.  | 23500 | 7873 |
|  |  | 17016403 |
| **Financials 16.64%** | **Financials 16.64%** | **Financials 16.64%** |
| Nu Holdings, Ltd., Class A <sup>(a)</sup>  | 58515995 | 942693 |
| Banco Bilbao Vizcaya Argentaria SA  | 38149027 | 769336 |
| Standard Chartered PLC  | 23797619 | 487637 |
| KB Financial Group, Inc.  | 5707445 | 465077 |
| Mastercard, Inc., Class A  | 830722 | 458550 |
| Abu Dhabi Islamic Bank PJSC  | 71652279 | 411931 |
| HDFC Bank, Ltd.  | 34571248 | 383826 |
| Capitec Bank Holdings, Ltd.  | 1673087 | 369290 |
| Kotak Mahindra Bank, Ltd.  | 15530377 | 367604 |
| UniCredit SpA  | 4577952 | 338631 |
| AIA Group, Ltd.  | 34597705 | 336643 |
| XP, Inc., Class A  | 17950213 | 327053 |
| Banco Santander SA  | 29143690 | 296572 |
| PICC Property and Casualty Co., Ltd., Class H  | 122617400 | 289905 |

---

New World Fund<sub>1</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Al Rajhi Banking and Investment Corp., non-registered shares  | 10210760 | $288151 |
| Eurobank Ergasias Services and Holdings SA  | 75515922 | 283614 |
| PB Fintech, Ltd. <sup>(a)</sup>  | 14099693 | 283521 |
| Cholamandalam Investment and Finance Co., Ltd.  | 14469644 | 275633 |
| ICICI Bank, Ltd.  | 11352614 | 172170 |
| ICICI Bank, Ltd. (ADR)  | 2993607 | 90706 |
| Hana Financial Group, Inc.  | 4353090 | 261529 |
| Visa, Inc., Class A  | 664847 | 226540 |
| Axis Bank, Ltd.  | 15390784 | 213685 |
| Ping An Insurance (Group) Co. of China, Ltd., Class H  | 24994500 | 180710 |
| National Bank of Greece SA  | 12189306 | 178925 |
| Emirates NBD Bank PJSC  | 22724642 | 173945 |
| Futu Holdings, Ltd. (ADR)  | 828837 | 164972 |
| Grupo Financiero Banorte, SAB de CV, Series O  | 17324373 | 163047 |
| AU Small Finance Bank, Ltd.  | 16325129 | 161292 |
| Hong Kong Exchanges and Clearing, Ltd.  | 2854300 | 156274 |
| Brookfield Corp., Class A  | 3262401 | 150234 |
| People's Insurance Co. (Group) of China, Ltd. (The), Class H  | 163716000 | 147195 |
| Credicorp, Ltd.  | 555393 | 144958 |
| B3 SA - Brasil, Bolsa, Balcao  | 55769739 | 131236 |
| Saudi National Bank (The)  | 11911603 | 126729 |
| Woori Financial Group, Inc.  | 6864060 | 122566 |
| Banco BTG Pactual SA, units  | 13460527 | 122147 |
| Shriram Finance, Ltd.  | 14265455 | 120194 |
| Bajaj Finance, Ltd.  | 10000000 | 117095 |
| FirstRand Ltd.  | 23874596 | 113274 |
| Saudi Awwal Bank SJSC, non-registered shares  | 12850834 | 110673 |
| China Merchants Bank Co., Ltd., Class H  | 15467500 | 96569 |
| China Merchants Bank Co., Ltd., Class A  | 2400400 | 13803 |
| Bank of the Philippine Islands  | 60674985 | 108687 |
| Commercial International Bank - Egypt (CIB) SAE (GDR)  | 47339605 | 101063 |
| Commercial International Bank - Egypt (CIB) SAE  | 3274824 | 7313 |
| Samsung Life Insurance Co., Ltd.  | 978643 | 105754 |
| BSE, Ltd.  | 3557598 | 99305 |
| Prudential Public, Ltd. Co.  | 6382090 | 88638 |
| Bank Central Asia Tbk PT  | 166675600 | 85105 |
| Aon PLC, Class A  | 242917 | 82757 |
| Vietnam Technological and Commercial JSCB (The)  | 59826173 | 80596 |
| Central Depository Services (India), Ltd.  | 4076626 | 72865 |
| Kasikornbank PCL, foreign registered shares  | 12478400 | 71861 |
| Public Bank Bhd.  | 66584800 | 67142 |
| Abu Dhabi Commercial Bank PJSC  | 16229868 | 63693 |
| Samsung Fire & Marine Insurance Co., Ltd.  | 203647 | 63146 |
| HSBC Holdings PLC (GBP denominated)  | 4162880 | 58007 |
| CVC Capital Partners PLC  | 2890191 | 48263 |
| Akbank TAS  | 32884580 | 47581 |
| Discovery, Ltd.  | 3694696 | 46362 |
| 360 ONE WAM, Ltd.  | 3334410 | 40699 |
| Kaspi.kz JSC (ADR)  | 519694 | 38868 |
| S&P Global, Inc.  | 65100 | 31717 |
| Bajaj Finserv, Ltd.  | 1331886 | 31259 |
| Bank of Ningbo Co., Ltd., Class A  | 7434120 | 29618 |
| Edenred SA  | 1001253 | 28784 |
| Wise PLC, Class A <sup>(a)</sup>  | 1919273 | 24372 |
| Swiss Re AG  | 114087 | 20799 |
| BDO Unibank, Inc.  | 5496366 | 12464 |
| Asia Commercial Joint Stock Bank  | 12124220 | 12336 |
| Shinhan Financial Group Co., Ltd.  | 213353 | 10998 |
| Haci Ömer Sabanci Holding AS  | 5284980 | 10256 |
| Sberbank of Russia PJSC <sup>(c)</sup>  | 38486552 | — <br><sup>(e)</sup><br>|
|  |  | 12626443 |
| **Consumer discretionary 13.16%** | **Consumer discretionary 13.16%** | **Consumer discretionary 13.16%** |
| MercadoLibre, Inc. <sup>(a)</sup>  | 626875 | 1458901 |
| Trip.com Group, Ltd. (ADR)  | 8264921 | 583917 |
| Trip.com Group, Ltd.  | 7884155 | 554414 |

---

---

| | |
|:---|:---|
| **2** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Alibaba Group Holding, Ltd.  | 27142400 | $576686 |
| Alibaba Group Holding, Ltd. (ADR) <sup>(b)</sup>  | 2237750 | 381379 |
| Midea Group Co., Ltd., Class A  | 54368804 | 583594 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 780767 | 552059 |
| Eicher Motors, Ltd.  | 4921140 | 388397 |
| BYD Co., Ltd., Class A  | 14769204 | 208986 |
| BYD Co., Ltd., Class H  | 9244584 | 119786 |
| Galaxy Entertainment Group, Ltd.  | 58551000 | 290509 |
| Prosus NV, Class N  | 3993191 | 275812 |
| H World Group, Ltd. (ADR)  | 6538744 | 252396 |
| H World Group, Ltd.  | 5461900 | 21168 |
| Compagnie Financiere Richemont SA, Class A  | 1257355 | 248486 |
| Maruti Suzuki India, Ltd.  | 1279067 | 232851 |
| Eternal, Ltd. <sup>(a)</sup>  | 60616943 | 216671 |
| Jumbo SA  | 5378494 | 170662 |
| Sea, Ltd., Class A (ADR) <sup>(a)</sup>  | 1015686 | 158701 |
| Ryohin Keikaku Co., Ltd.  | 7532600 | 155187 |
| TVS Motor Co., Ltd.  | 3692209 | 145837 |
| Hyundai Motor Co.  | 706224 | 143298 |
| Vibra Energia SA  | 30779385 | 136163 |
| PDD Holdings, Inc. (ADR) <sup>(a)</sup>  | 936710 | 126334 |
| MakeMyTrip, Ltd. <sup>(a)</sup>  | 1478704 | 118296 |
| Naspers, Ltd., Class N  | 1660880 | 116713 |
| Meituan, Class B <sup>(a)</sup>  | 8616400 | 113510 |
| Sands China, Ltd.  | 41109903 | 106699 |
| Wynn Resorts, Ltd.  | 823284 | 97963 |
| Tesla, Inc. <sup>(a)</sup>  | 213330 | 97398 |
| ANTA Sports Products, Ltd.  | 8084400 | 84299 |
| Hermes International  | 33325 | 82337 |
| Pepkor Holdings, Ltd.  | 51980331 | 79107 |
| Moncler SpA  | 1223329 | 73082 |
| Inchcape PLC  | 7112411 | 71254 |
| Coupang, Inc., Class A <sup>(a)</sup>  | 1969738 | 62973 |
| Aptiv Holdings, Ltd. <sup>(a)</sup>  | 762471 | 61836 |
| Royal Caribbean Cruises, Ltd.  | 201796 | 57881 |
| Li Ning Co., Ltd.  | 24650500 | 53571 |
| Amadeus IT Group SA, Class A, non-registered shares  | 691167 | 52844 |
| Booking Holdings, Inc.  | 10307 | 52336 |
| Mahindra & Mahindra, Ltd.  | 1190296 | 46730 |
| YUM! Brands, Inc.  | 336760 | 46544 |
| Shenzhou International Group Holdings, Ltd.  | 5252700 | 45134 |
| Starbucks Corp.  | 514074 | 41573 |
| adidas AG  | 199214 | 37636 |
| Ferrari NV (EUR denominated)  | 93154 | 37257 |
| Marriott International, Inc., Class A  | 141421 | 36851 |
| InterContinental Hotels Group PLC  | 286767 | 34490 |
| Swiggy, Ltd. <sup>(a)</sup>  | 6709163 | 30980 |
| Fast Retailing Co., Ltd.  | 73600 | 26952 |
| Laopu Gold Co., Ltd., Class H <sup>(b)</sup>  | 297400 | 26186 |
| Tube Investments of India, Ltd.  | 702883 | 23898 |
| NIKE, Inc., Class B  | 341416 | 22052 |
| Industria de Diseno Textil SA  | 383360 | 21134 |
| Hyundai Mobis Co., Ltd.  | 91573 | 20279 |
| Shangri-La Asia, Ltd.  | 32306000 | 20147 |
| Cyrela Brazil Realty SA, ordinary nominative shares  | 3354724 | 19000 |
| Hilton Worldwide Holdings, Inc.  | 73767 | 18955 |
| Renault SA  | 461710 | 17931 |
| Compagnie Generale des Etablissements Michelin  | 514420 | 16425 |
| Lenskart Solutions, Ltd. <sup>(a)(f)</sup>  | 3109443 | 14081 |
| Kering SA  | 32675 | 11546 |
| Evolution AB  | 128617 | 8598 |
|  |  | 9988672 |

---

New World Fund<sub>3</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials 12.50%** | **Industrials 12.50%** | **Industrials 12.50%** |
| Airbus SE, non-registered shares  | 4121716 | $1016447 |
| Rolls-Royce Holdings PLC  | 45487006 | 697800 |
| International Container Terminal Services, Inc.  | 75482621 | 679211 |
| Hitachi, Ltd.  | 18032280 | 618483 |
| General Electric Co.  | 1731286 | 534881 |
| Kanzhun, Ltd., Class A (ADR)  | 19289363 | 427452 |
| KANZHUN, Ltd., Class A  | 2612500 | 28707 |
| Copa Holdings, SA, Class A  | 2771256 | 346989 |
| Rumo SA <sup>(g)</sup>  | 112100223 | 331720 |
| Safran SA  | 799129 | 283676 |
| Contemporary Amperex Technology Co., Ltd., Class A  | 4307521 | 237178 |
| Localiza Rent a Car SA, ordinary nominative shares  | 32024156 | 234767 |
| IHI Corp.  | 11132408 | 232009 |
| Shenzhen Inovance Technology Co., Ltd., Class A  | 20776858 | 225682 |
| BAE Systems PLC  | 8124687 | 200046 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 2028317 | 195733 |
| Daikin Industries, Ltd.  | 1621808 | 189248 |
| Motiva Infraestrutura de Mobilidade SA  | 62819673 | 185425 |
| DSV A/S  | 852727 | 180918 |
| Leonardo SpA  | 2937580 | 172509 |
| AGCO Corp.  | 1640646 | 169249 |
| WEG SA <sup>(a)</sup>  | 20682646 | 161849 |
| Techtronic Industries Co., Ltd.  | 13838869 | 161798 |
| TransDigm Group, Inc.  | 118133 | 154578 |
| Siemens AG  | 538161 | 152298 |
| Grupo Aeroportuario del Pacifico, SAB de CV, Class B  | 6585359 | 137272 |
| Grupo Aeroportuario del Pacifico, SAB de CV, Class B (ADR)  | 14367 | 2993 |
| Aselan Elektronik Sanayi ve Ticaret AS  | 28495799 | 138031 |
| Weichai Power Co., Ltd., Class A  | 43618088 | 91839 |
| Weichai Power Co., Ltd., Class H  | 17634000 | 36435 |
| Mitsui & Co., Ltd.  | 4478500 | 110169 |
| Larsen & Toubro, Ltd.  | 2237714 | 101600 |
| Jiangsu Hengli Hydraulic Co., Ltd., Class A  | 7402195 | 100587 |
| Full Truck Alliance Co., Ltd., Class A (ADR)  | 7080262 | 92043 |
| Mitsubishi Heavy Industries, Ltd.  | 3059100 | 91603 |
| Schneider Electric SE  | 276883 | 78532 |
| Hanwha Aerospace Co., Ltd.  | 101994 | 70017 |
| SM Investments Corp.  | 4880630 | 60394 |
| Carrier Global Corp.  | 996662 | 59291 |
| InPost SA <sup>(a)(b)</sup>  | 4029746 | 50813 |
| Ayala Corp.  | 6281260 | 49944 |
| International Consolidated Airlines Group SA (CDI)  | 8748374 | 48031 |
| Embraer SA  | 2646565 | 42793 |
| Bureau Veritas SA  | 1299053 | 42650 |
| Wizz Air Holdings PLC <sup>(a)(b)</sup>  | 3085148 | 42430 |
| GT Capital Holdings, Inc.  | 4491490 | 41672 |
| Ingersoll-Rand, Inc.  | 469695 | 35852 |
| Turk Hava Yollari Anonim Ortakligi, non-registered shares  | 5028909 | 34877 |
| Boeing Co. (The) <sup>(a)</sup>  | 139747 | 28092 |
| Legrand SA  | 142608 | 24600 |
| Airports of Thailand PCL, foreign registered shares  | 19243832 | 24526 |
| Epiroc AB, Class B  | 1009070 | 18904 |
| Haitian International Holdings, Ltd.  | 3204000 | 8762 |
|  |  | 9483405 |
| **Communication services 9.84%** | **Communication services 9.84%** | **Communication services 9.84%** |
| Tencent Holdings, Ltd.  | 26695739 | 2169963 |
| Bharti Airtel, Ltd.  | 37840464 | 873828 |
| Bharti Airtel, Ltd., interim shares  | 1033821 | 18204 |
| Meta Platforms, Inc., Class A  | 1302872 | 844717 |
| Alphabet, Inc., Class C  | 1331796 | 375327 |
| Alphabet, Inc., Class A  | 1119695 | 314847 |
| NetEase, Inc.  | 22402121 | 626872 |
| MTN Group, Ltd.  | 50634939 | 504213 |
| Netflix, Inc. <sup>(a)</sup>  | 247521 | 276941 |
| KT Corp. (ADR)  | 12432065 | 230615 |

---

---

| | |
|:---|:---|
| **4** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| America Movil, SAB de CV, Class B (ADR)  | 10094064 | $229842 |
| Tencent Music Entertainment Group, Class A (ADR)  | 9477193 | 211531 |
| Telkom Indonesia (Persero) Tbk PT, Class B  | 811810300 | 156308 |
| True Corp. PCL, foreign registered shares <sup>(a)</sup>  | 437534600 | 152464 |
| Spotify Technology SA <sup>(a)</sup>  | 193904 | 127069 |
| Baidu, Inc., Class A (ADR) <sup>(a)</sup>  | 896624 | 108375 |
| Orange  | 5692927 | 90662 |
| Advanced Info Service PCL, foreign registered shares  | 5055900 | 47096 |
| TIM SA  | 8732009 | 39424 |
| Singapore Telecommunications, Ltd.  | 10665800 | 34779 |
| NAVER Corp.  | 172350 | 32267 |
|  |  | 7465344 |
| **Materials 5.44%** | **Materials 5.44%** | **Materials 5.44%** |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 32212764 | 668807 |
| Grupo Mexico, SAB de CV, Series B  | 43474496 | 375858 |
| Vale SA, ordinary nominative shares  | 18877225 | 228985 |
| Vale SA (ADR), ordinary nominative shares  | 9843093 | 119003 |
| Barrick Mining Corp.  | 10360305 | 339818 |
| Glencore PLC  | 46974023 | 224565 |
| APL Apollo Tubes, Ltd.  | 10507405 | 211564 |
| Nitto Denko Corp.  | 7994519 | 198920 |
| Zijin Gold International Co., Ltd. <sup>(a)</sup>  | 9585548 | 162092 |
| Amcor PLC (CDI)  | 20341455 | 160955 |
| Valterra Platinum, Ltd. (ZAR denominated)  | 2393104 | 147462 |
| BASF SE  | 2646247 | 130588 |
| Linde PLC  | 293945 | 122957 |
| Anhui Conch Cement Co., Ltd., Class H  | 34568500 | 102701 |
| Saudi Basic Industries Corp. non-registered shares  | 5294867 | 86122 |
| Impala Platinum Holdings, Ltd.  | 7067124 | 75491 |
| Nutrien, Ltd. (CAD denominated)  | 1343194 | 73157 |
| Southern Copper Corp.  | 459099 | 63723 |
| Ivanhoe Mines, Ltd., Class A <sup>(a)</sup>  | 6370277 | 63723 |
| Siam Cement PCL, foreign registered shares  | 9957700 | 62705 |
| Freeport-McMoRan, Inc.  | 1456024 | 60716 |
| Nippon Steel Corp. <sup>(b)</sup>  | 13955000 | 57616 |
| Sika AG  | 292503 | 57205 |
| Wheaton Precious Metals Corp. (CAD denominated)  | 532050 | 51382 |
| Loma Negra Compania Industrial Argentina SA (ADR) <sup>(a)</sup>  | 3975843 | 43615 |
| Corteva, Inc.  | 567867 | 34890 |
| Ecolab, Inc.  | 134002 | 34358 |
| Asian Paints, Ltd.  | 1205674 | 34106 |
| Antofagasta PLC  | 899533 | 32892 |
| Syensqo SA  | 338933 | 27992 |
| Akzo Nobel NV  | 392070 | 25963 |
| SRF, Ltd.  | 784642 | 25909 |
| Arkema SA  | 281670 | 16721 |
| Gerdau SA (ADR)  | 1111147 | 3878 |
| Alrosa PJSC <sup>(a)(c)</sup>  | 15128747 | — <br><sup>(e)</sup><br>|
|  |  | 4126439 |
| **Health care 5.10%** | **Health care 5.10%** | **Health care 5.10%** |
| Max Healthcare Institute, Ltd.  | 45927298 | 595331 |
| Novo Nordisk AS, Class B  | 10938726 | 539684 |
| AstraZeneca PLC  | 2105279 | 346798 |
| Thermo Fisher Scientific, Inc.  | 577828 | 327854 |
| Laurus Labs, Ltd. <sup>(g)</sup>  | 28466728 | 305644 |
| Eli Lilly and Co.  | 344883 | 297586 |
| BeOne Medicines, Ltd. (ADR) <sup>(a)</sup>  | 569629 | 176858 |
| BeOne Medicines, Ltd. <sup>(a)</sup>  | 692400 | 16496 |
| Jiangsu Hengrui Pharmaceutical Co., Ltd., Class A  | 16365244 | 148208 |
| Jiangsu Hengrui Pharmaceutical Co., Ltd., Class H <sup>(a)(b)</sup>  | 3429800 | 33218 |
| Innovent Biologics, Inc. <sup>(a)</sup>  | 12749500 | 141999 |
| Rede D'Or Sao Luiz SA  | 17416157 | 140302 |
| EssilorLuxottica SA  | 342932 | 125918 |

---

New World Fund<sub>5</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| Abbott Laboratories  | 843503 | $104274 |
| Teva Pharmaceutical Industries, Ltd. (ADR) <sup>(a)</sup>  | 4316363 | 88399 |
| Zai Lab, Ltd. (ADR) <sup>(a)</sup>  | 3274106 | 85552 |
| Danaher Corp.  | 351254 | 75653 |
| OdontoPrev SA  | 24789972 | 58658 |
| bioMerieux SA  | 317487 | 40850 |
| Lupin, Ltd.  | 1590391 | 35257 |
| Mettler-Toledo International, Inc. <sup>(a)</sup>  | 22000 | 31158 |
| Mankind Pharma, Ltd.  | 1159292 | 31101 |
| WuXi AppTec Co., Ltd., Class H  | 2018500 | 28083 |
| Alcon, Inc.  | 323142 | 24055 |
| Medtronic PLC  | 239372 | 21711 |
| Asahi Intecc Co., Ltd.  | 1327900 | 21029 |
| Wuxi Biologics (Cayman), Inc. <sup>(a)</sup>  | 4403000 | 20532 |
| CanSino Biologics, Inc., Class H <sup>(a)</sup>  | 830600 | 4942 |
|  |  | 3867150 |
| **Consumer staples 4.52%** | **Consumer staples 4.52%** | **Consumer staples 4.52%** |
| Kweichow Moutai Co., Ltd., Class A  | 2642272 | 531568 |
| Nestle SA  | 5415830 | 517370 |
| Arca Continental, SAB de CV  | 19244791 | 186393 |
| JBS NV (BDR) <sup>(a)</sup>  | 11873701 | 157780 |
| ITC, Ltd.  | 33099203 | 156643 |
| Avenue Supermarts, Ltd. <sup>(a)</sup>  | 3088391 | 144392 |
| Carlsberg A/S, Class B  | 1116825 | 131257 |
| Shoprite Holdings, Ltd.  | 7733183 | 129176 |
| Anheuser-Busch InBev SA/NV  | 2073990 | 126414 |
| Raia Drogasil SA, ordinary nominative shares  | 30000000 | 111525 |
| Dino Polska SA, non-registered shares <sup>(a)</sup>  | 8780429 | 104665 |
| Tsingtao Brewery Co., Ltd., Class H  | 14528000 | 98075 |
| KT&G Corp.  | 993169 | 93643 |
| Ajinomoto Co., Inc.  | 3255000 | 92195 |
| Philip Morris International, Inc.  | 623782 | 90030 |
| BBB Foods, Inc., Class A <sup>(a)(b)</sup>  | 2396380 | 65469 |
| United Spirits, Ltd.  | 4032581 | 64964 |
| Pernod Ricard SA  | 659912 | 64652 |
| Wal-Mart de Mexico, SAB de CV, Series V  | 18635677 | 61609 |
| Monster Beverage Corp. <sup>(a)</sup>  | 919898 | 61477 |
| British American Tobacco PLC  | 1038086 | 53137 |
| L'Oreal SA, non-registered shares  | 122516 | 51163 |
| Danone SA  | 510176 | 45062 |
| Varun Beverages, Ltd.  | 8242033 | 43516 |
| Mondelez International, Inc., Class A  | 743593 | 42727 |
| Kimberly-Clark de Mexico, SAB de CV, Class A, ordinary participation certificates <sup>(b)</sup>  | 21001800 | 40650 |
| Budweiser Brewing Co., APAC, Ltd. <sup>(b)</sup>  | 35912200 | 36350 |
| Coca-Cola Co.  | 471726 | 32502 |
| Godrej Consumer Products, Ltd.  | 2583013 | 32493 |
| WH Group, Ltd.  | 27616779 | 26479 |
| Walmart, Inc.  | 243190 | 24606 |
| JD Health International, Inc. <sup>(a)</sup>  | 1939150 | 15065 |
|  |  | 3433047 |
| **Energy 2.22%** | **Energy 2.22%** | **Energy 2.22%** |
| Reliance Industries, Ltd.  | 26734232 | 446572 |
| TotalEnergies SE  | 3669242 | 228494 |
| Adnoc Gas PLC  | 218466490 | 207559 |
| ADNOC Drilling Co. PJSC  | 121870855 | 185115 |
| Vista Energy, SAB de CV, Class A (ADR) <sup>(a)(b)</sup>  | 3268064 | 158338 |
| Petroleo Brasileiro SA PETROBRAS (ADR)  | 11779427 | 137113 |
| SLB, Ltd.  | 2896740 | 104456 |
| Galp Energia, SGPS, SA, Class B  | 4591413 | 92109 |
| Shell PLC (GBP denominated)  | 1762704 | 65855 |

---

---

| | |
|:---|:---|
| **6** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Chevron Corp.  | 301883 | $47613 |
| Borr Drilling, Ltd. <sup>(a)(b)</sup>  | 2696947 | 8361 |
| Rosneft Oil Co. PJSC <sup>(c)</sup>  | 8335580 | — <br><sup>(e)</sup><br>|
|  |  | 1681585 |
| **Real estate 1.44%** | **Real estate 1.44%** | **Real estate 1.44%** |
| Lodha Developers, Ltd.  | 43585578 | 587958 |
| China Resources Mixc Lifestyle Services, Ltd.  | 36993800 | 193552 |
| China Resources Land, Ltd.  | 23929000 | 86113 |
| Emaar Properties PJSC  | 20813391 | 80447 |
| CK Asset Holdings, Ltd.  | 14075000 | 69476 |
| SM Prime Holdings, Inc.  | 135450000 | 51464 |
| Longfor Group Holdings, Ltd.  | 6773436 | 8352 |
| Fibra Uno Administracion REIT, SA de CV  | 4912149 | 7128 |
| ALLOS SA, ordinary nominative shares  | 1074770 | 4984 |
|  |  | 1089474 |
| **Utilities 1.15%** | **Utilities 1.15%** | **Utilities 1.15%** |
| Power Grid Corp. of India, Ltd.  | 65236499 | 211602 |
| Gulf Development PCL  | 142889884 | 194576 |
| Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP, ordinary nominative shares  | 7794041 | 190985 |
| SembCorp Industries, Ltd.  | 22589000 | 113073 |
| Equatorial Energia SA, ordinary nominative shares  | 14203829 | 96761 |
| CPFL Energia SA  | 4648079 | 35941 |
| AES Corp.  | 1333636 | 18498 |
| Engie SA  | 450500 | 10542 |
|  |  | 871978 |
| **Total common stocks** (cost: $44,831,439,000) |  | 71649940 |
| Preferred securities 0.70% |  |  |
| **Financials 0.31%** | **Financials 0.31%** | **Financials 0.31%** |
| Itau Unibanco Holding SA (ADR), preferred nominative shares  | 24093633 | 177329 |
| Itau Unibanco Holding SA, preferred nominative shares  | 8488927 | 62232 |
|  |  | 239561 |
| **Information technology 0.19%** | **Information technology 0.19%** | **Information technology 0.19%** |
| Samsung Electronics Co., Ltd., nonvoting preferred shares  | 2455002 | 145093 |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 925 | 1523 |
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 38 | 62 |
| Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 3 | 5 |
| Canva Australia Holdings Pty, Ltd., Series A-5, noncumulative preferred shares <sup>(a)(c)(d)</sup>  | 2 | 3 |
|  |  | 146686 |
| **Real estate 0.15%** | **Real estate 0.15%** | **Real estate 0.15%** |
| QuintoAndar, Ltd., Series E, preference shares <sup>(a)(c)(d)</sup>  | 433164 | 89158 |
| QuintoAndar, Ltd., Series E-1, preference shares <sup>(a)(c)(d)</sup>  | 113966 | 23458 |
|  |  | 112616 |
| **Consumer discretionary 0.05%** | **Consumer discretionary 0.05%** | **Consumer discretionary 0.05%** |
| Dr. Ing. h.c. F. Porsche AG, nonvoting non-registered preferred shares <sup>(b)</sup>  | 656403 | 34408 |
| TVS Motor Co., Ltd., 6.00% preferred shares <sup>(a)</sup>  | 17315908 | 1951 |
| Getir BV, Series D, preferred shares <sup>(a)(c)(d)</sup>  | 103205 | — <br><sup>(e)</sup><br>|
|  |  | 36359 |
| **Total preferred securities** (cost: $475,222,000) |  | 535222 |

---

New World Fund<sub>7</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 3.06% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. 2.78%** | **Bonds & notes of governments & government agencies outside the U.S. 2.78%** | **Bonds & notes of governments & government agencies outside the U.S. 2.78%** |
| **Brazil 0.48%** | **Brazil 0.48%** | **Brazil 0.48%** |
| Brazil (Federative Republic of) 10.00% 1/1/2027  | BRL398,216 | $71116 |
| Brazil (Federative Republic of) 6.00% 5/15/2027 <sup>(h)</sup>  | 269154 | 48122 |
| Brazil (Federative Republic of) 0% 1/1/2030  | 103900 | 11533 |
| Brazil (Federative Republic of) 10.00% 1/1/2031  | 388063 | 63308 |
| Brazil (Federative Republic of) 6.00% 8/15/2032 <sup>(h)</sup>  | 87927 | 14888 |
| Brazil (Federative Republic of) 10.00% 1/1/2033  | 148000 | 23179 |
| Brazil (Federative Republic of) 10.00% 1/1/2035  | 797800 | 121174 |
| Brazil (Federative Republic of) 6.00% 8/15/2050 <sup>(h)</sup>  | 85764 | 13742 |
|  |  | 367062 |
| **Mexico 0.37%** | **Mexico 0.37%** | **Mexico 0.37%** |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(i)</sup>  | USD18,200 | 18512 |
| United Mexican States 6.875% 5/13/2037  | 11065 | 12014 |
| United Mexican States 5.125% 3/19/2038  | EUR7,935 | 9356 |
| United Mexican States 4.75% 3/8/2044  | USD13,300 | 11235 |
| United Mexican States 3.75% 4/19/2071  | 10285 | 6404 |
| United Mexican States, Series M20, 8.50% 5/31/2029  | MXN520,000 | 28488 |
| United Mexican States, Series M, 7.75% 5/29/2031  | 1425849 | 74896 |
| United Mexican States, Series M, 7.50% 5/26/2033  | 564000 | 28679 |
| United Mexican States, Series M, 7.75% 11/23/2034  | 641152 | 32555 |
| United Mexican States, Series M30, 8.50% 11/18/2038  | 369000 | 18973 |
| United Mexican States, Series M, 7.75% 11/13/2042  | 370000 | 17193 |
| United Mexican States, Series M, 8.00% 7/31/2053  | 519721 | 24211 |
|  |  | 282516 |
| **Indonesia 0.16%** | **Indonesia 0.16%** | **Indonesia 0.16%** |
| Indonesia (Republic of) 6.625% 2/17/2037  | USD8,612 | 9868 |
| Indonesia (Republic of) 7.50% 4/15/2040  | IDR167,757,000 | 11106 |
| Indonesia (Republic of) 7.125% 8/15/2040  | 200002000 | 12898 |
| Indonesia (Republic of), Series 82, 7.00% 9/15/2030  | 76981000 | 4923 |
| Indonesia (Republic of), Series 91, 6.375% 4/15/2032  | 42582000 | 2623 |
| Indonesia (Republic of), Series 96, 7.00% 2/15/2033  | 306914000 | 19467 |
| Indonesia (Republic of), Series FR100, 6.625% 2/15/2034  | 557236000 | 34747 |
| Indonesia (Republic of), Series 80, 7.50% 6/15/2035  | 138600000 | 9181 |
| Indonesia (Republic of), Series 98, 7.125% 6/15/2038  | 89973000 | 5781 |
| Indonesia (Republic of), Series FR92, 7.125% 6/15/2042  | 158647000 | 10131 |
|  |  | 120725 |
| **South Africa 0.15%** | **South Africa 0.15%** | **South Africa 0.15%** |
| South Africa (Republic of) 5.875% 4/20/2032  | USD8,700 | 8976 |
| South Africa (Republic of) 11.625% 3/31/2053  | ZAR467,288 | 31394 |
| South Africa (Republic of), Series R-2032, 8.25% 3/31/2032  | 188190 | 10823 |
| South Africa (Republic of), Series R-2035, 8.875% 2/28/2035  | 332500 | 19222 |
| South Africa (Republic of), Series R-2040, 9.00% 1/31/2040  | 525500 | 28514 |
| South Africa (Republic of), Series R-2044, 8.75% 1/31/2044  | 293500 | 15170 |
|  |  | 114099 |
| **Colombia 0.15%** | **Colombia 0.15%** | **Colombia 0.15%** |
| Colombia (Republic of) 3.25% 4/22/2032  | USD11,800 | 10089 |
| Colombia (Republic of) 11.75% 1/24/2035  | COP17,734,500 | 4560 |
| Colombia (Republic of) 8.50% 4/25/2035  | USD13,600 | 15360 |
| Colombia (Republic of) 5.625% 2/26/2044  | 2209 | 1841 |
| Colombia (Republic of) 5.00% 6/15/2045  | 7251 | 5569 |
| Colombia (Republic of) 5.20% 5/15/2049  | 3955 | 3015 |
| Colombia (Republic of), Series B, 7.00% 3/26/2031  | COP79,746,000 | 17181 |
| Colombia (Republic of), Series B, 13.25% 2/9/2033  | 29638300 | 8260 |
| Colombia (Republic of), Series B, 7.25% 10/18/2034  | 41522500 | 8312 |
| Colombia (Republic of), Series UVR, 3.75% 2/25/2037 <sup>(h)</sup>  | 130200 | 11092 |
| Colombia (Republic of), Series B, 9.25% 5/28/2042  | 78682600 | 16521 |
| Colombia (Republic of), Series B, 7.25% 10/26/2050  | 56383400 | 9454 |
|  |  | 111254 |

---

---

| | |
|:---|:---|
| **8** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Malaysia 0.14%** | **Malaysia 0.14%** | **Malaysia 0.14%** |
| Malaysia (Federation of) 4.28% 3/23/2054  | MYR22,900 | $5707 |
| Malaysia (Federation of), Series 0419, 3.828% 7/5/2034  | 206474 | 50330 |
| Malaysia (Federation of), Series 0124, 4.054% 4/18/2039  | 60350 | 14881 |
| Malaysia (Federation of), Series 0519, 3.757% 5/22/2040  | 33761 | 8066 |
| Malaysia (Federation of), Series 0519, 4.638% 11/15/2049  | 16166 | 4263 |
| Malaysia (Federation of), Series 0120, 4.065% 6/15/2050  | 49200 | 11851 |
| Malaysia (Federation of), Series 022, 5.357% 5/15/2052  | 15534 | 4525 |
| PETRONAS Capital, Ltd. 3.50% 4/21/2030 <sup>(i)</sup>  | USD3,400 | 3306 |
| PETRONAS Capital, Ltd. 4.55% 4/21/2050 <sup>(i)</sup>  | 3400 | 3036 |
|  |  | 105965 |
| **Poland 0.14%** | **Poland 0.14%** | **Poland 0.14%** |
| Poland (Republic of) 5.75% 4/25/2029  | PLN46,250 | 13065 |
| Poland (Republic of) 4.875% 10/4/2033  | USD8,680 | 8841 |
| Poland (Republic of), Series 1033, 6.00% 10/25/2033  | PLN148,000 | 42383 |
| Poland (Republic of), Series 1034, 5.00% 10/25/2034  | 150863 | 40234 |
|  |  | 104523 |
| **China 0.14%** | **China 0.14%** | **China 0.14%** |
| China (People's Republic of), Series INBK, 2.27% 5/25/2034  | CNY98,000 | 14332 |
| China (People's Republic of), Series INBK, 3.72% 4/12/2051  | 407410 | 75165 |
| China (People's Republic of), Series INBK, 3.12% 10/25/2052  | 22100 | 3716 |
| China (People's Republic of), Series INBK, 2.57% 5/20/2054  | 71400 | 10923 |
|  |  | 104136 |
| **India 0.13%** | **India 0.13%** | **India 0.13%** |
| India (Republic of) 7.18% 7/24/2037  | INR3,251,480 | 37679 |
| India (Republic of) 7.09% 8/5/2054  | 5265940 | 58317 |
|  |  | 95996 |
| **Turkey 0.11%** | **Turkey 0.11%** | **Turkey 0.11%** |
| Turkey (Republic of), Series 1Y, 44.76% 4/8/2026 <sup>(j)</sup>  | TRY950,000 | 22850 |
| Turkey (Republic of), Series 5Y, 17.30% 7/19/2028  | 435300 | 7370 |
| Turkey (Republic of), Series 10Y, 5.875% 6/26/2031  | USD12,630 | 12544 |
| Turkey (Republic of), Series 10Y, 26.20% 10/5/2033  | TRY767,500 | 16478 |
| Turkey (Republic of), Series 30Y, 4.875% 4/16/2043  | USD30,300 | 23135 |
|  |  | 82377 |
| **Hungary 0.09%** | **Hungary 0.09%** | **Hungary 0.09%** |
| Hungary (Republic of) 2.00% 5/23/2029  | HUF4,610,600 | 11850 |
| Hungary (Republic of) 6.75% 7/23/2031  | 8214790 | 24881 |
| Hungary (Republic of) 6.25% 9/22/2032 <sup>(i)</sup>  | USD6,200 | 6692 |
| Hungary (Republic of) 4.75% 11/24/2032  | HUF3,420,000 | 9151 |
| MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 6.50% 6/29/2028  | USD6,700 | 7056 |
| MFB Magyar Fejlesztesi Bank Zartkoruen Mukodo Reszvenytarsasag 4.375% 6/27/2030  | EUR6,270 | 7499 |
|  |  | 67129 |
| **Saudi Arabia 0.08%** | **Saudi Arabia 0.08%** | **Saudi Arabia 0.08%** |
| Saudi Arabia (Kingdom of) 4.875% 7/18/2033  | USD13,600 | 13893 |
| Saudi Arabia (Kingdom of) 5.75% 1/16/2054  | 42600 | 43632 |
|  |  | 57525 |
| **Egypt 0.07%** | **Egypt 0.07%** | **Egypt 0.07%** |
| Egypt (Arab Republic of) 25.318% 8/13/2027  | EGP475,000 | 10301 |
| Egypt (Arab Republic of) 5.625% 4/16/2030  | EUR1,615 | 1814 |
| Egypt (Arab Republic of) 5.875% 2/16/2031 <sup>(i)</sup>  | USD2,350 | 2264 |
| Egypt (Arab Republic of) 7.625% 5/29/2032  | 14200 | 14515 |
| Egypt (Arab Republic of) 7.625% 5/29/2032 <sup>(i)</sup>  | 7060 | 7217 |

---

New World Fund<sub>9</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Egypt (continued)** | **Egypt (continued)** | **Egypt (continued)** |
| Egypt (Arab Republic of) 8.50% 1/31/2047  | USD5,010 | $4628 |
| Egypt (Arab Republic of) 8.875% 5/29/2050  | 2720 | 2576 |
| Egypt (Arab Republic of) 8.75% 9/30/2051  | 7240 | 6747 |
| Egypt (Arab Republic of) 8.15% 11/20/2059 <sup>(i)</sup>  | 7510 | 6566 |
|  |  | 56628 |
| **United Arab Emirates 0.05%** | **United Arab Emirates 0.05%** | **United Arab Emirates 0.05%** |
| Abu Dhabi (Emirate of) 2.50% 9/30/2029 <sup>(i)</sup>  | 7900 | 7540 |
| Abu Dhabi (Emirate of) 5.50% 4/30/2054  | 16400 | 17418 |
| Sharjah (Emirate of) 4.625% 2/13/2032  | EUR11,900 | 14159 |
|  |  | 39117 |
| **Philippines 0.04%** | **Philippines 0.04%** | **Philippines 0.04%** |
| Philippines (Republic of) 6.375% 7/27/2030  | PHP228,100 | 3989 |
| Philippines (Republic of) 6.00% 8/20/2030  | 278395 | 4804 |
| Philippines (Republic of) 6.75% 9/15/2032  | 484000 | 8673 |
| Philippines (Republic of) 3.95% 1/20/2040  | USD11,700 | 10535 |
|  |  | 28001 |
| **Romania 0.04%** | **Romania 0.04%** | **Romania 0.04%** |
| Romania (Republic of) 5.25% 5/30/2032  | EUR7,600 | 8923 |
| Romania (Republic of) 5.25% 5/30/2032  | 4220 | 4954 |
| Romania (Republic of) 2.00% 4/14/2033  | 7080 | 6629 |
| Romania (Republic of) 5.625% 5/30/2037  | 6595 | 7409 |
|  |  | 27915 |
| **Thailand 0.04%** | **Thailand 0.04%** | **Thailand 0.04%** |
| Thailand (Kingdom of) 3.45% 6/17/2043  | THB771,600 | 27907 |
| **Republic of Kenya 0.04%** | **Republic of Kenya 0.04%** | **Republic of Kenya 0.04%** |
| Kenya (Republic of) 6.30% 1/23/2034  | USD12,000 | 10654 |
| Kenya (Republic of) 9.50% 3/5/2036 <sup>(i)</sup>  | 10010 | 10281 |
| Kenya (Republic of) 9.50% 3/5/2036  | 6000 | 6162 |
|  |  | 27097 |
| **Sultanate of Oman 0.03%** | **Sultanate of Oman 0.03%** | **Sultanate of Oman 0.03%** |
| Oman (Sultanate of) 5.625% 1/17/2028  | 7200 | 7401 |
| Oman (Sultanate of) 6.00% 8/1/2029  | 3300 | 3483 |
| Oman (Sultanate of) 6.25% 1/25/2031 <sup>(i)</sup>  | 4189 | 4535 |
| Oman (Sultanate of) 6.75% 1/17/2048  | 8100 | 9105 |
|  |  | 24524 |
| **Federal Republic of Nigeria 0.03%** | **Federal Republic of Nigeria 0.03%** | **Federal Republic of Nigeria 0.03%** |
| Nigeria (Republic of) 18.50% 2/21/2031  | NGN13,170,200 | 10126 |
| Nigeria (Republic of) 7.875% 2/16/2032  | USD13,200 | 13259 |
|  |  | 23385 |
| **Dominican Republic 0.03%** | **Dominican Republic 0.03%** | **Dominican Republic 0.03%** |
| Dominican Republic 6.00% 7/19/2028 <sup>(i)</sup>  | 4360 | 4496 |
| Dominican Republic 4.875% 9/23/2032  | 3435 | 3299 |
| Dominican Republic 5.875% 1/30/2060 <sup>(i)</sup>  | 10273 | 9301 |
| Dominican Republic (Government of) 8.625% 4/20/2027 <sup>(i)</sup>  | 3300 | 3430 |
| Dominican Republic (Government of) 5.875% 1/30/2060  | 3054 | 2765 |
|  |  | 23291 |

---

---

| | |
|:---|:---|
| **10** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Honduras 0.03%** | **Honduras 0.03%** | **Honduras 0.03%** |
| Honduras (Republic of) 6.25% 1/19/2027  | USD15,473 | $15516 |
| Honduras (Republic of) 5.625% 6/24/2030 <sup>(i)</sup>  | 5600 | 5482 |
| Honduras (Republic of) 5.625% 6/24/2030  | 2042 | 1999 |
|  |  | 22997 |
| **Morocco 0.03%** | **Morocco 0.03%** | **Morocco 0.03%** |
| Morocco (Kingdom of) 5.95% 3/8/2028 <sup>(i)</sup>  | 4231 | 4384 |
| Morocco (Kingdom of) 3.875% 4/2/2029  | EUR11,440 | 13424 |
| Morocco (Kingdom of) 4.75% 4/2/2035  | 3760 | 4491 |
|  |  | 22299 |
| **Republic of Angola 0.02%** | **Republic of Angola 0.02%** | **Republic of Angola 0.02%** |
| Angola (Republic of) 8.00% 11/26/2029 <sup>(i)</sup>  | USD13,202 | 12655 |
| Angola (Republic of) 8.75% 4/14/2032 <sup>(i)</sup>  | 6950 | 6533 |
|  |  | 19188 |
| **Panama 0.02%** | **Panama 0.02%** | **Panama 0.02%** |
| Panama (Republic of) 3.75% 4/17/2026  | 4590 | 4573 |
| Panama (Republic of) 6.875% 1/31/2036  | 6432 | 6970 |
| Panama (Republic of) 8.00% 3/1/2038  | 1649 | 1922 |
| Panama (Republic of) 4.30% 4/29/2053  | 6400 | 4902 |
|  |  | 18367 |
| **Kazakhstan 0.02%** | **Kazakhstan 0.02%** | **Kazakhstan 0.02%** |
| Kazakhstan (Republic of) 5.50% 7/1/2037 <sup>(i)</sup>  | 17700 | 18141 |
| **Gabon 0.02%** | **Gabon 0.02%** | **Gabon 0.02%** |
| Gabonese (Republic of) 6.625% 2/6/2031  | 15100 | 11847 |
| Gabonese (Republic of) 7.00% 11/24/2031  | 7500 | 5855 |
|  |  | 17702 |
| **Peru 0.02%** | **Peru 0.02%** | **Peru 0.02%** |
| Peru (Republic of) 3.00% 1/15/2034  | 5715 | 4985 |
| Peru (Republic of) 5.625% 11/18/2050  | 1240 | 1234 |
| Peru (Republic of) 3.55% 3/10/2051  | 4900 | 3527 |
| Peru (Republic of) 2.78% 12/1/2060  | 10795 | 6104 |
|  |  | 15850 |
| **Supra National 0.02%** | **Supra National 0.02%** | **Supra National 0.02%** |
| Asian Development Bank 5.25% 4/29/2035  | PHP486,600 | 8342 |
| International Bank for Reconstruction and Development 6.05% 2/9/2029  | INR153,500 | 1711 |
| International Bank for Reconstruction and Development 6.75% 7/13/2029  | 446600 | 5074 |
|  |  | 15127 |
| **Chile 0.02%** | **Chile 0.02%** | **Chile 0.02%** |
| Chile (Republic of) 5.30% 11/1/2037  | CLP7,520,000 | 7817 |
| Chile (Republic of) 3.10% 5/7/2041  | USD9,265 | 7178 |
|  |  | 14995 |
| **Venezuela, Bolivarian Republic of 0.02%** | **Venezuela, Bolivarian Republic of 0.02%** | **Venezuela, Bolivarian Republic of 0.02%** |
| Venezuela (Bolivarian Republic of) 7.00% 12/1/2018 <sup>(k)</sup>  | 870 | 206 |
| Venezuela (Bolivarian Republic of) 7.75% 10/13/2019 <sup>(k)</sup>  | 14640 | 3500 |
| Venezuela (Bolivarian Republic of) 6.00% 12/9/2020 <sup>(k)</sup>  | 12912 | 2958 |
| Venezuela (Bolivarian Republic of) 9.00% 5/7/2023 <sup>(k)</sup>  | 12757 | 3302 |

---

New World Fund<sub>11</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Venezuela, Bolivarian Republic of (continued)** | **Venezuela, Bolivarian Republic of (continued)** | **Venezuela, Bolivarian Republic of (continued)** |
| Venezuela (Bolivarian Republic of) 8.25% 10/13/2024 <sup>(k)</sup>  | USD2,827 | $733 |
| Venezuela (Bolivarian Republic of) 9.25% 5/7/2028 <sup>(k)</sup>  | 3175 | 910 |
| Venezuela (Bolivarian Republic of) 7.00% 3/31/2038 <sup>(k)</sup>  | 1448 | 400 |
|  |  | 12009 |
| **Czech Republic 0.01%** | **Czech Republic 0.01%** | **Czech Republic 0.01%** |
| Czech Republic 1.95% 7/30/2037  | CZK300,160 | 10801 |
| **Mozambique 0.01%** | **Mozambique 0.01%** | **Mozambique 0.01%** |
| Mozambique (Republic of) 9.00% 9/15/2031  | USD9,800 | 8516 |
| **Paraguay 0.01%** | **Paraguay 0.01%** | **Paraguay 0.01%** |
| Paraguay (Republic of) 4.70% 3/27/2027  | 3930 | 3958 |
| Paraguay (Republic of) 4.95% 4/28/2031  | 3415 | 3471 |
|  |  | 7429 |
| **Qatar 0.01%** | **Qatar 0.01%** | **Qatar 0.01%** |
| Qatar (State of) 3.75% 4/16/2030 <sup>(i)</sup>  | 6200 | 6170 |
| **Georgia 0.01%** | **Georgia 0.01%** | **Georgia 0.01%** |
| Georgia (Republic of) 2.75% 4/22/2026 <sup>(i)</sup>  | 4995 | 4902 |
| **Cote d'Ivoire 0.00%** | **Cote d'Ivoire 0.00%** | **Cote d'Ivoire 0.00%** |
| Cote d'Ivoire (Republic of) 4.875% 1/30/2032  | EUR1,890 | 2109 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 2107774 |
| **Corporate bonds, notes & loans 0.28%** | **Corporate bonds, notes & loans 0.28%** | **Corporate bonds, notes & loans 0.28%** |
| **Energy 0.06%** | **Energy 0.06%** | **Energy 0.06%** |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(i)</sup>  | USD6,000 | 6327 |
| Oleoducto Central SA 4.00% 7/14/2027 <sup>(i)</sup>  | 3450 | 3399 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 7858 | 7692 |
| PTTEP Treasury Center Co., Ltd. 2.993% 1/15/2030  | 2068 | 1965 |
| Sinopec Group Overseas Development (2018), Ltd. 3.10% 1/8/2051 <sup>(i)</sup>  | 8300 | 6291 |
| Transportadora de Gas del Sur SA 8.50% 7/24/2031 <sup>(i)</sup>  | 4170 | 4359 |
| Vista Energy Argentina S.A.U. 7.625% 12/10/2035 <sup>(i)</sup>  | 7100 | 7024 |
| YPF SA 8.25% 1/17/2034 <sup>(i)</sup>  | 6100 | 6156 |
|  |  | 43213 |
| **Financials 0.04%** | **Financials 0.04%** | **Financials 0.04%** |
| Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% <br> on 9/25/2029) <sup>(l)</sup>  | 7517 | 7163 |
| BBVA Bancomer SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on <br> 6/29/2033) <sup>(i)(l)</sup>  | 5200 | 5757 |
| CMB International Leasing Management, Ltd. 2.75% 8/12/2030  | 7385 | 6915 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(l)</sup>  | 9000 | 9943 |
|  |  | 29778 |
| **Consumer discretionary 0.04%** | **Consumer discretionary 0.04%** | **Consumer discretionary 0.04%** |
| Alibaba Group Holding, Ltd. 2.125% 2/9/2031  | 5926 | 5386 |
| Alibaba Group Holding, Ltd. 3.15% 2/9/2051  | 7800 | 5556 |
| Melco Resorts Finance, Ltd. 7.625% 4/17/2032 <sup>(i)</sup>  | 5700 | 6004 |
| MercadoLibre, Inc. 3.125% 1/14/2031  | 3331 | 3073 |
| Sands China, Ltd. 4.375% 6/18/2030  | 4575 | 4508 |
| Wynn Macau, Ltd. 5.625% 8/26/2028  | 4500 | 4498 |
|  |  | 29025 |

---

---

| | |
|:---|:---|
| **12** | New World Fund |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Industrials 0.03%** | **Industrials 0.03%** | **Industrials 0.03%** |
| Empresa de Transporte de Pasajeros Metro SA 4.70% 5/7/2050 <sup>(i)</sup>  | USD4,520 | $4061 |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(i)</sup>  | 5465 | 5692 |
| LATAM Airlines Group SA 7.875% 4/15/2030 <sup>(i)</sup>  | 6200 | 6419 |
| Lima Metro Line 2 Finance, Ltd. 5.875% 7/5/2034 <sup>(i)</sup>  | 1157 | 1202 |
| Mexico City Airport Trust 4.25% 10/31/2026  | 6200 | 6181 |
|  |  | 23555 |
| **Utilities 0.03%** | **Utilities 0.03%** | **Utilities 0.03%** |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(i)</sup>  | 5210 | 5510 |
| AES Panama Generation Holdings, SRL 4.375% 5/31/2030 <sup>(i)</sup>  | 3279 | 3065 |
| Empresas Publicas de Medellin ESP 4.25% 7/18/2029 <sup>(i)</sup>  | 2062 | 1954 |
| Empresas Publicas de Medellin ESP 4.25% 7/18/2029  | 445 | 422 |
| Greenko Dutch BV 3.85% 3/29/2026 <sup>(i)</sup>  | 4451 | 4410 |
| SAEL, Ltd. 7.80% 7/31/2031 <sup>(i)</sup>  | 1574 | 1596 |
| San Miguel Global Power Holdings Corp. 8.125% perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 6.404% on 3/2/2030) <sup>(l)</sup>  | 1680 | 1711 |
| San Miguel Global Power Holdings Corp. 8.75% perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 7.732% on 9/12/2029) <sup>(l)</sup>  | 4118 | 4280 |
|  |  | 22948 |
| **Materials 0.03%** | **Materials 0.03%** | **Materials 0.03%** |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(i)</sup>  | 4238 | 1783 |
| CSN Resources SA 8.875% 12/5/2030 <sup>(i)</sup>  | 6200 | 5878 |
| PT Krakatau Posco 6.375% 6/11/2027  | 2400 | 2447 |
| PT Krakatau Posco 6.375% 6/11/2029  | 3600 | 3719 |
| Sasol Financing USA, LLC 5.50% 3/18/2031  | 9400 | 7994 |
|  |  | 21821 |
| **Communication services 0.03%** | **Communication services 0.03%** | **Communication services 0.03%** |
| America Movil, SAB de CV, 10.125% 1/22/2029  | MXN225,000 | 12678 |
| PLDT, Inc. 2.50% 1/23/2031  | USD2,590 | 2366 |
| Tencent Holdings, Ltd. 3.24% 6/3/2050 <sup>(i)</sup>  | 7100 | 5306 |
|  |  | 20350 |
| **Consumer staples 0.02%** | **Consumer staples 0.02%** | **Consumer staples 0.02%** |
| Health and Happiness (H&H) International Holdings, Ltd. 9.125% 7/24/2028  | 3405 | 3632 |
| MARB BondCo PLC 3.95% 1/29/2031 <sup>(i)</sup>  | 7700 | 6957 |
| NBM US Holdings, Inc. 6.625% 8/6/2029 <sup>(d)</sup>  | 6150 | 6230 |
|  |  | 16819 |
| **Health care 0.00%** | **Health care 0.00%** | **Health care 0.00%** |
| Rede D'Or Finance SARL 4.50% 1/22/2030  | 4623 | 4453 |
| **Total corporate bonds, notes & loans** |  | 211962 |
| **Total bonds, notes & other debt instruments** (cost: $2,276,631,000) |  | 2319736 |
| Short-term securities 1.84% | Shares |  |
| **Money market investments 1.72%** | **Money market investments 1.72%** | **Money market investments 1.72%** |
| Capital Group Central Cash Fund 4.08% <sup>(g)(m)</sup>  | 13081568 | 1308418 |
| **Money market investments purchased with collateral from securities on loan 0.11%** | **Money market investments purchased with collateral from securities on loan 0.11%** | **Money market investments purchased with collateral from securities on loan 0.11%** |
| Capital Group Central Cash Fund 4.08% <sup>(g)(m)(n)</sup>  | 356548 | 35662 |
| Fidelity Investments Money Market Government Portfolio, Class I 4.01% <sup>(m)(n)</sup>  | 6473927 | 6474 |
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 4.00% <sup>(m)(n)</sup>  | 6000000 | 6000 |
| RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 4.07% <sup>(m)(n)</sup>  | 5826073 | 5826 |

---

New World Fund<sub>13</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) |  | Shares | Value<br> (000)<br>|
| **Money market investments purchased with collateral from securities on loan (continued)** | **Money market investments purchased with collateral from securities on loan (continued)** | **Money market investments purchased with collateral from securities on loan (continued)** | **Money market investments purchased with collateral from securities on loan (continued)** |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 3.98% <sup>(m)(n)</sup>  | BlackRock Liquidity Funds – FedFund, Institutional Shares 3.98% <sup>(m)(n)</sup>  | 5700000 | $5700 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.95% <sup>(m)(n)</sup>  | Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.95% <sup>(m)(n)</sup>  | 5700000 | 5700 |
| Goldman Sachs Financial Square Government Fund, Institutional Shares 4.01% <sup>(m)(n)</sup>  | Goldman Sachs Financial Square Government Fund, Institutional Shares 4.01% <sup>(m)(n)</sup>  | 5700000 | 5700 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 4.01% <sup>(m)(n)</sup>  | State Street Institutional U.S. Government Money Market Fund, Premier Class 4.01% <sup>(m)(n)</sup>  | 5700000 | 5700 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.06% <sup>(m)(n)</sup>  | Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.06% <sup>(m)(n)</sup>  | 5327055 | 5327 |
|  |  |  | 82089 |
|  | Weighted<br> average yield<br> at acquisition<br>| Principal amount<br> (000)<br>|  |
| **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** | **Bills & notes of governments & government agencies outside the U.S. 0.01%** |
| Egypt (Arab Republic of) 1/6/2026 | 19.531<br> %<br>| EGP240,400 | 4871 |
| **Total short-term securities** (cost: $1,394,769,000) |  |  | 1395378 |
| **Total investment securities 100.04** (cost: $48,978,061,000) |  |  | 75900276 |
| Other assets less liabilities (0.04)% |  |  | (32601)<br>|
| **Net assets 100.00** |  |  | $75867675 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 5 Year Euro-Bobl Futures | Short | 237 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EUR(32,306)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(74)<br>|
| 10 Year Euro-Bund Futures | Short | 254 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37882)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (473)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 191 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD22,057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(235)<br>|

---

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 36947 | MYR | 155534 | JPMorgan Chase | 11/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(209)<br>|
| USD | 24477 | ZAR | 422049 | Barclays Bank PLC | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153 |
| CZK | 618340 | USD | 29800 | UBS AG | 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (503)<br>|
| THB | 549640 | USD | 16812 | Citibank | 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161 |
| CNH | 258700 | USD | 36299 | Citibank | 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63 |
| USD | 49297 | EUR | 42206 | Morgan Stanley | 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592 |
| CZK | 387600 | USD | 18615 | Bank of America | 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (247)<br>|
| USD | 12703 | ZAR | 220200 | Barclays Bank PLC | 11/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| USD | 25556 | BRL | 138655 | Citibank | 11/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55)<br>|
| USD | 13618 | COP | 52536350 | UBS AG | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58 |
| IDR | 36536931 | USD | 2196 | Citibank | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(e)</sup><br>|
| USD | 273 | IDR | 4541151 | JPMorgan Chase | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(e)</sup><br>|
| USD | 327 | IDR | 5449334 | JPMorgan Chase | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(e)</sup><br>|
| USD | 295 | IDR | 4909189 | BNP Paribas | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(e)</sup><br>|
| USD | 644 | IDR | 10716316 | JPMorgan Chase | 12/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(e)</sup><br>|
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $37 |

---

---

| | |
|:---|:---|
| **14** | New World Fund |

---

------

**Investments in affiliates** <sup>(g)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>10/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.84%** |  |  |  |  |  |  |  |
| **Financials 0.00%** |  |  |  |  |  |  |  |
| PB Fintech, Ltd. <sup>(a)(o)</sup>  | $523573 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $225804 | &nbsp;&nbsp; $78062 | &nbsp;&nbsp; $(92310)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| **Consumer discretionary 0.00%** |  |  |  |  |  |  |  |
| Jumbo SA <sup>(o)</sup>  | 164381 | &nbsp;&nbsp; 16938 | &nbsp;&nbsp; 52256 | &nbsp;&nbsp; 24670 | &nbsp;&nbsp; 16929 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7511 |
| **Industrials 0.44%** |  |  |  |  |  |  |  |
| Rumo SA  | 271336 | &nbsp;&nbsp; 108367 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (47983)<br>| &nbsp;&nbsp; 331720 | &nbsp;&nbsp; 16529 |
| Wizz Air Holdings PLC <sup>(a)(b)(o)</sup>  | 91945 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30664 | &nbsp;&nbsp; (61776)<br>| &nbsp;&nbsp; 42925 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 331720 |  |
| **Materials 0.00%** |  |  |  |  |  |  |  |
| Loma Negra Compania Industrial Argentina SA (ADR) <sup>(a)(o)</sup>  | 59011 | &nbsp;&nbsp; — | &nbsp;&nbsp; 27182 | &nbsp;&nbsp; (2405)<br>| &nbsp;&nbsp; 14191 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Health care 0.40%** |  |  |  |  |  |  |  |
| Laurus Labs, Ltd.  | 203200 | &nbsp;&nbsp; — | &nbsp;&nbsp; 64217 | &nbsp;&nbsp; 3729 | &nbsp;&nbsp; 162932 | &nbsp;&nbsp; 305644 | &nbsp;&nbsp; 750 |
| Max Healthcare Institute, Ltd. <sup>(o)</sup>  | 719773 | &nbsp;&nbsp; 28987 | &nbsp;&nbsp; 195128 | &nbsp;&nbsp; 74010 | &nbsp;&nbsp; (32311)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 910 |
|  |  |  |  |  |  | &nbsp;&nbsp; 305644 |  |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 637364 |  |
| **Short-term securities 1.77%** |  |  |  |  |  |  |  |
| **Money market investments 1.72%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.08% <sup>(m)</sup>  | 2533808 | &nbsp;&nbsp; 10901547 | &nbsp;&nbsp; 12127676 | &nbsp;&nbsp; 349 | &nbsp;&nbsp; 390 | &nbsp;&nbsp; 1308418 | &nbsp;&nbsp; 108769 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.05%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.08% <sup>(m)(n)</sup>  | 45153 |  | &nbsp;&nbsp; 9491 <br><sup>(p)</sup><br>|  |  | &nbsp;&nbsp; 35662 | &nbsp;&nbsp; — <br><sup>(q)</sup><br>|
| **Total short-term securities** |  |  |  |  |  | &nbsp;&nbsp; 1344080 |  |
| **Total 2.61%** |  |  |  | &nbsp;&nbsp; $116639 | &nbsp;&nbsp; $64763 | &nbsp;&nbsp; $1981444 | &nbsp;&nbsp; $134469 |

---

**Restricted securities** <sup>(d)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| QuintoAndar, Ltd., Series E, preference shares <sup>(a)(c)</sup> <br>| 5/26/2021 | $69742 | $89158 | 0.12<br> %<br>|
| QuintoAndar, Ltd., Series E-1, preference shares <sup>(a)(c)</sup> <br>| 12/20/2021 | 23284 | 23458 | 0.03 |
| Canva Australia Holdings Pty, Ltd. <sup>(a)(c)</sup> <br>| 8/26/2021-11/4/2021 | 18022 | 17403 | 0.02 |
| Canva Australia Holdings Pty, Ltd., Series A, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 1577 | 1523 | 0.00 <br><sup>(r)</sup><br>|
| Canva Australia Holdings Pty, Ltd., Series A-3, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 65 | 62 | 0.00 <br><sup>(r)</sup><br>|
| Canva Australia Holdings Pty, Ltd., Series A-4, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 5 | 5 | 0.00 <br><sup>(r)</sup><br>|
| Canva Australia Holdings Pty, Ltd., Series A-5, noncumulative <br> preferred shares <sup>(a)(c)</sup> <br>| 11/4/2021 | 3 | 3 | 0.00 <br><sup>(r)</sup><br>|
| NBM US Holdings, Inc. 6.625% 8/6/2029  | 7/8/2022 | 6007 | 6230 | 0.01 |
| Getir BV, Series D, preferred shares <sup>(a)(c)</sup> <br>| 5/27/2021 | 46500 | — <br><sup>(e)</sup><br>| 0.00 <br><sup>(r)</sup><br>|
| **Total** |  | $165205 | $137842 | 0.18<br> %<br>|

---

---

| | |
|:---|:---|
| New World Fund | **15** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Security did not produce income during the last 12 months.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(e)</sup> Amount less than one thousand.

<sup>(f)</sup> Security is subject to a contractual sale restriction (lockup). The total value of all such securities was $14,081,000, which represented 0.02% of the net assets of the fund. The remaining lockup period is generally less than one year; and early lockup release provisions may be applicable based on certain set milestones or condition in accordance with legal documents. 

<sup>(g)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(h)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(i)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $244,593,000, which represented 0.32% of the net assets of the fund. 

<sup>(j)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(k)</sup> Scheduled interest and/or principal payment was not received.

<sup>(l)</sup> Step bond; coupon rate may change at a later date.

<sup>(m)</sup> Rate represents the seven-day yield at 10/31/2025.

<sup>(n)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(o)</sup> Affiliated issuer during the reporting period but no longer an affiliate at 10/31/2025. Refer to the investment portfolio for the security value at 10/31/2025.

<sup>(p)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(q)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(r)</sup> Amount less than 0.01%.

Refer to the notes to financial statements.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| BDR = Brazilian Depositary Receipts |
| BRL = Brazilian reais |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| CLP = Chilean pesos |
| CNH = Chinese yuan renminbi |
| CNY = Chinese yuan renminbi |
| COP = Colombian pesos |
| CZK = Czech korunas |
| EGP = Egyptian pounds |
| EUR = Euros |
| GBP = British pounds |
| GDR = Global Depositary Receipts |
| HUF = Hungarian forints |

---

---

| |
|:---|
| IDR = Indonesian rupiah |
| INR = Indian rupees |
| MXN = Mexican pesos |
| MYR = Malaysian ringgits |
| NGN = Nigerian naira |
| PHP = Philippine pesos |
| PLN = Polish zloty |
| REIT = Real Estate Investment Trust |
| SOFR = Secured Overnight Financing Rate |
| THB = Thai baht |
| TRY = Turkish lira |
| USD = U.S. dollars |
| UST = U.S. Treasury |
| ZAR = South African rand |

---

---

| | |
|:---|:---|
| **16** | New World Fund |

---

------

Financial statements

**Statement of assets and liabilities** at October 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value (includes $162,390 of <br>investment securities on loan):<br>|  |  |
| Unaffiliated issuers (cost: $47,062,231) | $73918832 |  |
| Affiliated issuers (cost: $1,915,830) | 1981444 | $75900276 |
| Cash |  | 59544 |
| Cash collateral pledged for futures contracts |  | 1699 |
| Cash collateral pledged for forward currency contracts |  | 250 |
| Cash denominated in currencies other than U.S. dollars (cost: $295,032) |  | 295304 |
| Unrealized appreciation on open forward currency contracts |  | 1051 |
| Receivables for: |  |  |
| Sales of investments | 90583 |  |
| Sales of fund's shares | 66263 |  |
| Dividends and interest | 117066 |  |
| Securities lending income | 112 |  |
| Variation margin on futures contracts | 92 |  |
| Other | 1313 | 275429<br>|
|  |  | 76533553 |
| **Liabilities:** |  |  |
| Collateral for securities on loan |  | 82089 |
| Unrealized depreciation on open forward currency contracts |  | 1014 |
| Payables for: |  |  |
| Purchases of investments | 145389 |  |
| Repurchases of fund's shares | 55328 |  |
| Investment advisory services | 31855 |  |
| Services provided by related parties | 6510 |  |
| Directors' deferred compensation | 3958 |  |
| Variation margin on futures contracts | 45 |  |
| Non-U.S. taxes | 337150 |  |
| Other | 2540 | 582775<br>|
| **Net assets at October 31, 2025** |  | $75867675 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of capital stock |  | $45560411 |
| Total distributable earnings (accumulated loss) |  | 30307264<br>|
| **Net assets at October 31, 2025** |  | $75867675 |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| New World Fund | **17** |

---

------

Financial statements (continued)

**Statement of assets and liabilities** at October 31, 2025 (continued)

------

(dollars and shares in thousands, except per-share amounts)

**Total authorized capital stock — 2,000,000 shares, $.01 par value (778,236 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $14507607 | 148747 | $97.53 |
| Class C | 254092 | 2747 | 92.48 |
| Class T | 17 | —<br> \*<br>| 97.32 |
| Class F-1 | 940202 | 9710 | 96.83 |
| Class F-2 | 22756585 | 233732 | 97.36 |
| Class F-3 | 9888789 | 101125 | 97.79 |
| Class 529-A | 1018401 | 10558 | 96.46 |
| Class 529-C | 16847 | 182 | 92.69 |
| Class 529-E | 32262 | 338 | 95.50 |
| Class 529-T | 22 | —<br> \*<br>| 97.33 |
| Class 529-F-1 | 15 | —<br> \*<br>| 96.09 |
| Class 529-F-2 | 170268 | 1746 | 97.51 |
| Class 529-F-3 | 15 | —<br> \*<br>| 97.23 |
| Class R-1 | 21408 | 231 | 92.65 |
| Class R-2 | 264745 | 2861 | 92.53 |
| Class R-2E | 50288 | 528 | 95.32 |
| Class R-3 | 573606 | 6001 | 95.58 |
| Class R-4 | 889979 | 9191 | 96.84 |
| Class R-5E | 160533 | 1665 | 96.40 |
| Class R-5 | 347457 | 3544 | 98.05 |
| Class R-6 | 23974537 | 245330 | 97.72 |

---

\*

Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **18** | New World Fund |

---

------

Financial statements (continued)

**Statement of operations** for the year ended October 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Dividends (net of non-U.S. taxes of $106,863; <br>also includes $134,469 from affiliates)<br>| $1233737 |  |
| Interest from unaffiliated issuers (net of non-U.S. taxes of $1,332) | 194605 |  |
| Securities lending income (net of fees) | 1660 | $1430002 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 335248 |  |
| Distribution services | 45125 |  |
| Transfer agent services | 48204 |  |
| Administrative services | 19957 |  |
| 529 plan services | 596 |  |
| Reports to shareholders | 2540 |  |
| Registration statement and prospectus | 1724 |  |
| Directors' compensation | 800 |  |
| Auditing and legal | 764 |  |
| Custodian | 18193 |  |
| State and local taxes | 1 |  |
| Other | 874 |  |
| Total fees and expenses before waivers and/or reimbursements | 474026 |  |
| Less waivers and/or reimbursements of fees and expenses: |  |  |
| Investment advisory services waiver | 11 |  |
| Total fees and expenses after waivers and/or reimbursements |  | 474015<br>|
| Net investment income |  | 955987<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments (net of non-U.S. taxes of $90,638): |  |  |
| Unaffiliated issuers | 3195989 |  |
| Affiliated issuers | 116639 |  |
| Futures contracts | (3532)<br>|  |
| Forward currency contracts | (1776)<br>|  |
| In-kind redemptions | 36180 |  |
| Currency transactions | (7648)<br>| 3335852 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments (net of non-U.S. taxes of $333,686): |  |  |
| Unaffiliated issuers | 10249037 |  |
| Affiliated issuers | 64763 |  |
| Futures contracts | 3272 |  |
| Forward currency contracts | (1383)<br>|  |
| Currency translations | 3995 | 10319684<br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 13655536<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $14611523 |

---

\*

Additional information related to class-specific fees and expenses is included in the notes to financial statements.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| New World Fund | **19** |

---

------

Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** |
|  | **2025** | **2024** |
| **Operations:** |  |  |
| Net investment income | $955987 | $847661 |
| Net realized gain (loss) | 3335852 | 1623961 |
| Net unrealized appreciation (depreciation) | 10319684 | 8777776 |
| Net increase (decrease) in net assets resulting from operations | 14611523 | 11249398 |
| **Distributions paid to shareholders** | (2364867)<br>| (1413453)<br>|
| **Net capital share transactions** | 1326843 | 4723441 |
| **Total increase (decrease) in net assets**  | 13573499 | 14559386 |
| **Net assets:** |  |  |
| Beginning of year | 62294176 | 47734790 |
| End of year | $75867675 | $62294176 |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **20** | New World Fund |

---

------

Notes to financial statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

------

New World Fund, Inc. (the "fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, diversified management investment company. The fund seeks long-term capital appreciation. Shareholders approved a proposal to reorganize the fund into a Delaware statutory trust. The reorganization may be completed in the next 12 months; however, the fund reserves the right to delay the implementation.

The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund's share classes are described further in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Initial sales charge** | &nbsp;&nbsp; **Contingent deferred sales** <br>**charge upon redemption**<br>| **Conversion feature** |
| Classes A and 529-A | &nbsp;&nbsp; Up to 5.75% for <br> Class A; up to 3.50% for <br> Class 529-A<br>| &nbsp;&nbsp; None (except 1.00% for certain <br> redemptions within 18 months of purchase <br> without an initial sales charge)<br>|  |
| Classes C and 529-C |  | &nbsp;&nbsp; 1.00% for redemptions within one year of <br> purchase<br>| &nbsp;&nbsp; Class C converts to Class A <br> after eight years and Class 529-C <br> converts to Class 529-A after five years<br>|
| Class 529-E |  |  |  |
| Classes T and 529-T\* | Up to 2.50% |  |  |
| Classes F-1, F-2, F-3, 529-F-1, <br> 529-F-2 and 529-F-3<br>|  |  |  |
| Classes R-1, R-2, R-2E, R-3, R-4, <br> R-5E, R-5 and R-6<br>|  |  |  |

---

\*

Class T and 529-T shares are not available for purchase.

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

**2. Significant accounting policies**

------

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the fund's investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

**Operating segments** — The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the fund's Principal Executive Officer and Principal Financial Officer, serves as the fund's chief operating decision maker ("CODM"), who act in accordance with Board of Directors reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.

---

| | |
|:---|:---|
| New World Fund | **21** |

---

------

**Security transactions and related investment income** — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

**Class allocations** — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

**Distributions paid to shareholders** — Income dividends and capital gain distributions are recorded on the ex-dividend date.

**Currency translation** — Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund's statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

**In-kind redemptions** — The fund normally redeems shares in cash; however, under certain conditions and circumstances, payment of the redemption price wholly or partly with portfolio securities or other fund assets may be permitted. A redemption of shares in-kind is based upon the closing value of the shares being redeemed as of the trade date. Realized gains or losses resulting from redemptions of shares in-kind are reflected separately in the fund's statement of operations.

**New accounting pronouncements** — In December 2023, the FASB issued Accounting Standards Update 2023-09 ("the ASU"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management is currently evaluating the ASU and its impact to the financial statements.

**3. Valuation**

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Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **22** | New World Fund |

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------

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| All | &nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing models <br> such as yield measures calculated using factors such as cash flows, financial <br> or collateral performance and other reference data (collectively referred to <br> as "standard inputs")<br>|
| Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| Mortgage-backed; asset-backed obligations | &nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information <br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information. Exchange-traded futures are generally valued at the official settlement price on the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of directors as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of directors has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of directors. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of October 31, 2025, were as follows (dollars in thousands):

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| | |
|:---|:---|
| New World Fund | **23** |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Information technology | $5990809 | $11008191 | $17403 | $17016403 |
| Financials | 3075478 | 9550965 | —<br> \*<br>| 12626443 |
| Consumer discretionary | 3831449 | 6157223 |  | 9988672 |
| Industrials | 3140979 | 6342426 |  | 9483405 |
| Communication services | 2758688 | 4706656 |  | 7465344 |
| Materials | 2284870 | 1841569 | —<br> \*<br>| 4126439 |
| Health care | 1408005 | 2459145 |  | 3867150 |
| Consumer staples | 874768 | 2558279 |  | 3433047 |
| Energy | 455881 | 1225704 | —<br> \*<br>| 1681585 |
| Real estate | 12112 | 1077362 |  | 1089474 |
| Utilities | 342185 | 529793 |  | 871978 |
| Preferred securities  | 239561 | 181452 | 114209 | 535222 |
| Bonds, notes & other debt instruments  |  | 2319736 |  | 2319736 |
| Short-term securities | 1390507 | 4871 |  | 1395378 |
| Total | $25805292 | $49963372 | $131612 | $75900276 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $312 | $— | $— | $312 |
| Unrealized appreciation on open forward currency contracts |  | 1051 |  | 1051 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (547)<br>|  |  | (547)<br>|
| Unrealized depreciation on open forward currency contracts |  | (1014)<br>|  | (1014)<br>|
| Total  | $(235)<br>| $37 | $— | $(198)<br>|

---

\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts and forward currency contracts are not included in the fund's investment portfolio.

**4. Risk factors**

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Investing in the fund may involve certain risks including, but not limited to, those described below.

**Market conditions** — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund's investments may be negatively affected by developments in other countries and regions.

**Issuer risks —** The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.

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| | |
|:---|:---|
| **24** | New World Fund |

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**Investing in growth-oriented stocks** — Growth-oriented common stocks and other equity-type securities (such as preferred stocks, convertible preferred stocks and convertible bonds) may involve larger price swings and greater potential for loss than other types of investments. These risks may be even greater in the case of smaller capitalization stocks.

**Investing outside the U.S.** — Securities of issuers domiciled outside the U.S. or with significant operations or revenues outside the U.S., and securities tied economically to countries outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers are domiciled, operate or generate revenue or to which the securities are tied economically. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund's portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in developing countries.

**Investing in developing countries** — Investing in countries with developing economies and/or markets may involve risks in addition to and greater than those generally associated with investing in developed countries. For instance, developing countries tend to have less developed political, economic and legal systems than those in developed countries. Accordingly, the governments of these countries may be less stable and more likely to intervene in the market economy, for example, by imposing capital controls, nationalizing a company or industry, placing restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, and/or imposing punitive taxes that could adversely affect the prices of securities. Information regarding issuers in developing countries may be limited, incomplete or inaccurate, and such issuers may not be subject to regulatory, accounting, auditing, and financial reporting and recordkeeping standards comparable to those to which issuers in developed countries are subject. The fund's rights with respect to its investments in developing countries, if any, will generally be governed by local law, which may make it difficult or impossible for the fund to pursue legal remedies or to obtain and enforce judgments in local courts. In addition, the economies of these countries may be dependent on relatively few industries, may have limited access to capital and may be more susceptible to changes in local and global trade conditions and downturns in the world economy. Securities markets in these countries can also be relatively small and have substantially lower trading volumes. As a result, securities issued in these countries may be more volatile and less liquid, more vulnerable to market manipulation, and more difficult to value, than securities issued in countries with more developed economies and/or markets. Less certainty with respect to security valuations may lead to additional challenges and risks in calculating the fund's net asset value. Additionally, developing countries are more likely to experience problems with the clearing and settling of trades and the holding of securities by banks, agents and depositories that are less established than those in developed countries.

**Investing in debt instruments** — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage-or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund's securities could cause the value of the fund's shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund's investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

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| | |
|:---|:---|
| New World Fund | **25** |

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**Investing in lower rated debt instruments** — Lower rated bonds and other lower rated debt securities, rated Ba1/BB+ or below by Nationally Recognized Statistical Rating Organizations, generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer's creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. These risks may be increased with respect to investments in junk bonds.

**Liquidity risk** — Certain fund holdings may be or may become difficult or impossible to sell, particularly during times of market turmoil. Liquidity may be impacted by the lack of an active market for a holding, legal or contractual restrictions on resale, or the reduced number and capacity of market participants to make a market in such holding. Market prices for less liquid or illiquid holdings may be volatile or difficult to determine, and reduced liquidity may have an adverse impact on the market price of such holdings. Additionally, the sale of less liquid or illiquid holdings may involve substantial delays (including delays in settlement) and additional costs and the fund may be unable to sell such holdings when necessary to meet its liquidity needs or to try to limit losses, or may be forced to sell at a loss.

**Investing in small companies** — Investing in smaller companies may pose additional risks. For example, it is often more difficult to value or dispose of small company stocks and more difficult to obtain information about smaller companies than about larger companies. Furthermore, smaller companies often have limited product lines, operating histories, markets and/or financial resources, may be dependent on one or a few key persons for management, and can be more susceptible to losses. Moreover, the prices of their stocks may be more volatile than stocks of larger, more established companies, particularly during times of market turmoil.

**Management** — The investment adviser to the fund actively manages the fund's investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

**5. Certain investment techniques**

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**Securities lending** — The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.

Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.

The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund's investment portfolio. The same amount is recorded as a liability in the fund's statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.

As of October 31, 2025, the total value of securities on loan was $162,390,000, and the total value of collateral received was $171,056,000. Collateral received includes cash of $82,089,000 and U.S. government securities of $88,967,000. Investment securities purchased from cash collateral are disclosed in the fund's investment portfolio as short-term securities. Securities received as collateral are not recognized as fund assets. The contractual maturity of cash collateral received under the securities lending agreement is classified as overnight and continuous.

**Futures contracts** — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio.

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| | |
|:---|:---|
| **26** | New World Fund |

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Upon entering into futures contracts, and to maintain the fund's open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant ("FCM"), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund's statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund's statement of operations. The average month-end notional amount of futures contracts while held was $109,291,000.

**Forward currency contracts —** The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund's investment adviser uses forward currency contracts to manage the fund's exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.

On a daily basis, the fund's investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund's statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.

Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund's statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund's statement of operations. The average month-end notional amount of open forward currency contracts while held was $291,531,000.

The following tables identify the location and fair value amounts on the fund's statement of assets and liabilities and the effect on the fund's statement of operations resulting from the fund's use of futures contracts and forward currency contracts as of, or for the year ended, October 31, 2025 (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation\* | $312 | Unrealized depreciation\* | $547 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open forward <br> currency contracts<br>| 1051 | &nbsp;&nbsp; Unrealized depreciation on open forward <br> currency contracts<br>| 1014 |
|  |  |  | $1363 |  | $1561 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | **Location on statement of operations** | **Value** | **Location on statement of operations** | **Value** |
| Futures | Interest | Net realized gain (loss) on futures contracts | $(3532)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| $3272 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (1776)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on forward currency contracts<br>| (1383)<br>|
|  |  |  | $(5308)<br>|  | $1889 |

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\*

Includes cumulative appreciation/depreciation on futures contracts as reported in the applicable table following the fund's investment portfolio. Only current day's variation margin is reported within the fund's statement of assets and liabilities.

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| | |
|:---|:---|
| New World Fund | **27** |

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**Collateral** — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to securities lending and its use of futures contracts and forward currency contracts. For securities lending, the fund receives collateral in exchange for lending investment securities. The lending agent may reinvest cash collateral from securities lending transactions according to agreed parameters. Cash collateral reinvested by the lending agent, if any, is disclosed in the fund's investment portfolio. For futures contracts, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund's investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund's custodian, which is reflected as pledged cash collateral in the fund's statement of assets and liabilities.

**Rights of offset** — The fund has entered into enforceable master netting agreements with certain counterparties for forward currency contracts, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party's payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency ("close-out netting"). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.

The following table presents the fund's forward currency contracts by counterparty that are subject to master netting agreements but that are not offset in the fund's statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund's statement of assets and liabilities as of October 31, 2025, if close-out netting was exercised (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Barclays Bank PLC | &nbsp;&nbsp; $177<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $177<br>|
| Citibank | &nbsp;&nbsp; 224<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (169)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | &nbsp;&nbsp; — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>|
| Morgan Stanley | &nbsp;&nbsp; 592<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (451)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141<br>|
| UBS AG | &nbsp;&nbsp; 58<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total | &nbsp;&nbsp; $1051<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(113)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(451)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(169)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $318<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | &nbsp;&nbsp; $247<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $247<br>|
| BNP Paribas | &nbsp;&nbsp; — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>|
| Citibank | &nbsp;&nbsp; 55<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| JPMorgan Chase | &nbsp;&nbsp; 209<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209<br>|
| UBS AG | &nbsp;&nbsp; 503<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (58)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (250)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195<br>|
| Total | &nbsp;&nbsp; $1014<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(113)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(250)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $651<br>|

---

\*

Collateral is shown on a settlement basis.

<sup>†</sup>

Amount less than one thousand.

**6. Taxation and distributions**

------

**Federal income taxation** — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the year ended October 31, 2025, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the year, the fund did not incur any significant interest or penalties.

The fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

---

| | |
|:---|:---|
| **28** | New World Fund |

---

------

**Non-U.S. taxation** — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years ("EU reclaims"). These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. During the year ended October 31, 2025, the fund recognized $2,814,000 in EU reclaims (net of $85,000 in fees and the effect of realized gain or loss from currency translations) and $840,000 in interest related to European court rulings, which is included in dividend income and interest income, respectively, in the fund's statement of operations. For U.S. income tax purposes, EU reclaims received by the fund reduce the amount of foreign taxes that a fund may pass through to its shareholders to be utilized as tax deductions or credit on their income tax returns. If the fund receives EU reclaims and either does not pass through foreign taxes in the current year or EU reclaims received exceed foreign taxes for the year, and the fund previously passed through the refunded EU taxes to its shareholders, the fund will enter into a closing agreement with the Internal Revenue Service in order to satisfy potential tax liability. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

**Distributions** — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; cost of investments sold and non-U.S. taxes on capital gains. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended October 31, 2025, the fund reclassified $171,135,000 from total distributable earnings to capital paid in on shares of capital stock to align financial reporting with tax reporting.

As of October 31, 2025, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Undistributed ordinary income | $850306 |
| Undistributed long-term capital gains | 3289633 |
| Gross unrealized appreciation on investments | 27760225 |
| Gross unrealized depreciation on investments | (1258182)<br>|
| Net unrealized appreciation (depreciation) on investments | 26502043 |
| Cost of investments | 49398036 |

---

---

| | |
|:---|:---|
| New World Fund | **29** |

---

------

Distributions paid were characterized for tax purposes as follows (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** |
| <br>**Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| &nbsp;&nbsp;&nbsp; **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>|
| Class A | &nbsp;&nbsp; $101750 | $338020 | $439770 | &nbsp;&nbsp;&nbsp;&nbsp; $155865 | $153467 | $309332 |
| Class C | &nbsp;&nbsp; 14 | 7407 | 7421 | &nbsp;&nbsp;&nbsp;&nbsp; 1498 | 3975 | 5473 |
| Class T | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class F-1 | &nbsp;&nbsp; 6837 | 22438 | 29275 | &nbsp;&nbsp;&nbsp;&nbsp; 11113 | 10844 | 21957 |
| Class F-2 | &nbsp;&nbsp; 200229 | 478319 | 678548 | &nbsp;&nbsp;&nbsp;&nbsp; 249174 | 195534 | 444708 |
| Class F-3 | &nbsp;&nbsp; 102677 | 224185 | 326862 | &nbsp;&nbsp;&nbsp;&nbsp; 123391 | 90678 | 214069 |
| Class 529-A | &nbsp;&nbsp; 7066 | 24169 | 31235 | &nbsp;&nbsp;&nbsp;&nbsp; 11029 | 11056 | 22085 |
| Class 529-C | &nbsp;&nbsp; — | 458 | 458 | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 264 | 336 |
| Class 529-E | &nbsp;&nbsp; 168 | 797 | 965 | &nbsp;&nbsp;&nbsp;&nbsp; 324 | 387 | 711 |
| Class 529-T | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-1 | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | &nbsp;&nbsp; 1489 | 3619 | 5108 | &nbsp;&nbsp;&nbsp;&nbsp; 1929 | 1508 | 3437 |
| Class 529-F-3 | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | &nbsp;&nbsp; — | 518 | 518 | &nbsp;&nbsp;&nbsp;&nbsp; 148 | 288 | 436 |
| Class R-2 | &nbsp;&nbsp; 351 | 6856 | 7207 | &nbsp;&nbsp;&nbsp;&nbsp; 1640 | 3191 | 4831 |
| Class R-2E | &nbsp;&nbsp; 194 | 1137 | 1331 | &nbsp;&nbsp;&nbsp;&nbsp; 349 | 456 | 805 |
| Class R-3 | &nbsp;&nbsp; 2892 | 13370 | 16262 | &nbsp;&nbsp;&nbsp;&nbsp; 5087 | 5911 | 10998 |
| Class R-4 | &nbsp;&nbsp; 6853 | 20943 | 27796 | &nbsp;&nbsp;&nbsp;&nbsp; 9772 | 9062 | 18834 |
| Class R-5E | &nbsp;&nbsp; 1385 | 3373 | 4758 | &nbsp;&nbsp;&nbsp;&nbsp; 1507 | 1213 | 2720 |
| Class R-5 | &nbsp;&nbsp; 3388 | 7751 | 11139 | &nbsp;&nbsp;&nbsp;&nbsp; 4872 | 3692 | 8564 |
| Class R-6 | &nbsp;&nbsp; 244454 | 531760 | 776214 | &nbsp;&nbsp;&nbsp;&nbsp; 198476 | 145681 | 344157 |
| Total | &nbsp;&nbsp; $679747 | $1685120 | $2364867 | &nbsp;&nbsp;&nbsp;&nbsp; $776246 | $637207 | $1413453 |

---

\*

Amount less than one thousand.

**7. Fees and transactions with related parties**

------

CRMC, the fund's investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the principal underwriter of the fund's shares, and American Funds Service Company® ("AFS"), the fund's transfer agent. CRMC, CCG and AFS are considered related parties to the fund.

**Investment advisory services** — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.850% on the first $500 million of daily net assets and decreasing to 0.474% on such assets in excess of $55 billion. On September 9, 2025, the fund's board of directors approved an amended investment advisory and service agreement effective February 1, 2026, decreasing the annual rate to 0.472% on daily net assets in excess of $71 billion. CRMC waived investment advisory services fees of $11,000 in advance of the amended investment advisory agreement. CRMC does not intend to recoup this waiver. As a result, the fees shown on the fund's statement of operations of $335,248,000 were reduced to $335,237,000, both of which were equivalent to an annualized rate of 0.504% of average daily net assets.

**Class-specific fees and expenses** — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

---

| | |
|:---|:---|
| **30** | New World Fund |

---

------

**Distribution services** — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of directors approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of directors has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

---

| | | |
|:---|:---|:---|
| **Share class** | **Currently approved limits** | **Plan limits** |
| Class A | 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>|
| Class 529-A | 0.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |
| Classes C, 529-C and R-1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2 | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2E | 0.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 |
| Classes 529-E and R-3 | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |
| Classes T, F-1, 529-T, 529-F-1 and R-4 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |

---

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of October 31, 2025, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.

**Transfer agent services** — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund's share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders.

**Administrative services** — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC's provision of administrative services.

**529 plan services** — Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.

The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the year ended October 31, 2025, the 529 plan services fees were $596,000, which were equivalent to 0.053% of the average daily net assets of each 529 share class.

---

| | |
|:---|:---|
| New World Fund | **31** |

---

------

For the year ended October 31, 2025, class-specific expenses under the agreements were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Transfer agent** <br>**services**<br>| **Administrative** <br>**services**<br>| **529 plan** <br>**services**<br>|
| Class A | $31352 | $20165 | $3915 | Not applicable |
| Class C | 2511 | 392 | 75 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 2106 | 1174 | 254 | Not applicable |
| Class F-2 | Not applicable | 21620 | 5822 | Not applicable |
| Class F-3 | Not applicable | 137 | 2636 | Not applicable |
| Class 529-A | 2013 | 1335 | 277 | $492 |
| Class 529-C | 157 | 24 | 5 | 9 |
| Class 529-E | 147 | 23 | 9 | 16 |
| Class 529-T |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-1 |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | Not applicable | 104 | 44 | 79 |
| Class 529-F-3 | Not applicable | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 190 | 18 | 6 | Not applicable |
| Class R-2 | 1847 | 853 | 74 | Not applicable |
| Class R-2E | 263 | 88 | 13 | Not applicable |
| Class R-3 | 2535 | 762 | 153 | Not applicable |
| Class R-4 | 2004 | 808 | 240 | Not applicable |
| Class R-5E | Not applicable | 204 | 41 | Not applicable |
| Class R-5 | Not applicable | 173 | 94 | Not applicable |
| Class R-6 | Not applicable | 324 | 6299 | Not applicable |
| Total class-specific expenses | $45125 | $48204 | $19957 | $596 |

---

\*

Amount less than one thousand.

**Directors' deferred compensation** — Directors who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Directors' compensation of $800,000 in the fund's statement of operations reflects $271,000 in current fees (either paid in cash or deferred) and a net increase of $529,000 in the value of the deferred amounts.

**Affiliated officers and directors** — Officers and certain directors of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or directors received any compensation directly from the fund.

**Investment in CCF** — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund's short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.

**Security transactions with related funds** — The fund purchased investment securities from, and sold investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of directors. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common directors and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the year ended October 31, 2025, the fund engaged in such purchase and sale transactions with related funds in the amounts of $510,639,000 and $902,308,000, respectively, which generated $197,227,000 of net realized gains from such sales.

**Interfund lending** — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended October 31, 2025.

---

| | |
|:---|:---|
| **32** | New World Fund |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**8. Committed line of credit**

------

The fund participates with other funds managed by CRMC (or funds managed by certain affiliates of CRMC) in a $1.5 billion credit facility (the "line of credit") to be utilized for temporary purposes to support shareholder redemptions. The fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which are reflected in other expenses in the fund's statement of operations. The fund did not borrow on this line of credit at any time during the year ended October 31, 2025.

**9. Indemnifications**

------

The fund's organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund's board members and officers.

**10. Capital share transactions**

------

Capital share transactions in the fund were as follows (dollars and shares in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** |
| Class A | $538420 | 6374 | &nbsp;&nbsp;&nbsp; $432080 | 5581 | &nbsp;&nbsp;&nbsp; $(1821556)<br>| (21804)<br>| &nbsp;&nbsp;&nbsp; $(851056)<br>| (9849)<br>|
| Class C | 21502 | 268 | &nbsp;&nbsp;&nbsp; 7394 | 100 | &nbsp;&nbsp;&nbsp; (94316)<br>| (1190)<br>| &nbsp;&nbsp;&nbsp; (65420)<br>| (822)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 93383 | 1111 | &nbsp;&nbsp;&nbsp; 28653 | 373 | &nbsp;&nbsp;&nbsp; (187230)<br>| (2266)<br>| &nbsp;&nbsp;&nbsp; (65194)<br>| (782)<br>|
| Class F-2 | 4434245 | 53088 | &nbsp;&nbsp;&nbsp; 660989 | 8574 | &nbsp;&nbsp;&nbsp; (4050598)<br>| (48633)<br>| &nbsp;&nbsp;&nbsp; 1044636 | 13029 |
| Class F-3 | 1462461 | 17335 | &nbsp;&nbsp;&nbsp; 319611 | 4131 | &nbsp;&nbsp;&nbsp; (1953595)<br>| (23221)<br>| &nbsp;&nbsp;&nbsp; (171523)<br>| (1755)<br>|
| Class 529-A | 63607 | 766 | &nbsp;&nbsp;&nbsp; 31224 | 408 | &nbsp;&nbsp;&nbsp; (159881)<br>| (1923)<br>| &nbsp;&nbsp;&nbsp; (65050)<br>| (749)<br>|
| Class 529-C | 3836 | 48 | &nbsp;&nbsp;&nbsp; 457 | 6 | &nbsp;&nbsp;&nbsp; (7802)<br>| (98)<br>| &nbsp;&nbsp;&nbsp; (3509)<br>| (44)<br>|
| Class 529-E | 1991 | 24 | &nbsp;&nbsp;&nbsp; 965 | 13 | &nbsp;&nbsp;&nbsp; (6868)<br>| (83)<br>| &nbsp;&nbsp;&nbsp; (3912)<br>| (46)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 26500 | 316 | &nbsp;&nbsp;&nbsp; 5108 | 66 | &nbsp;&nbsp;&nbsp; (26039)<br>| (306)<br>| &nbsp;&nbsp;&nbsp; 5569 | 76 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class R-1 | 3035 | 37 | &nbsp;&nbsp;&nbsp; 518 | 7 | &nbsp;&nbsp;&nbsp; (7847)<br>| (99)<br>| &nbsp;&nbsp;&nbsp; (4294)<br>| (55)<br>|
| Class R-2 | 34616 | 432 | &nbsp;&nbsp;&nbsp; 7205 | 98 | &nbsp;&nbsp;&nbsp; (70919)<br>| (882)<br>| &nbsp;&nbsp;&nbsp; (29098)<br>| (352)<br>|
| Class R-2E | 12216 | 147 | &nbsp;&nbsp;&nbsp; 1331 | 18 | &nbsp;&nbsp;&nbsp; (13247)<br>| (160)<br>| &nbsp;&nbsp;&nbsp; 300 | 5 |
| Class R-3 | 104403 | 1259 | &nbsp;&nbsp;&nbsp; 16191 | 213 | &nbsp;&nbsp;&nbsp; (140802)<br>| (1708)<br>| &nbsp;&nbsp;&nbsp; (20208)<br>| (236)<br>|
| Class R-4 | 155522 | 1855 | &nbsp;&nbsp;&nbsp; 27790 | 362 | &nbsp;&nbsp;&nbsp; (231580)<br>| (2788)<br>| &nbsp;&nbsp;&nbsp; (48268)<br>| (571)<br>|
| Class R-5E | 50320 | 613 | &nbsp;&nbsp;&nbsp; 4753 | 62 | &nbsp;&nbsp;&nbsp; (38550)<br>| (461)<br>| &nbsp;&nbsp;&nbsp; 16523 | 214 |
| Class R-5 | 66577 | 799 | &nbsp;&nbsp;&nbsp; 11098 | 143 | &nbsp;&nbsp;&nbsp; (86658)<br>| (1014)<br>| &nbsp;&nbsp;&nbsp; (8983)<br>| (72)<br>|
| Class R-6 | 5200484 | 62882 | &nbsp;&nbsp;&nbsp; 774980 | 10024 | &nbsp;&nbsp;&nbsp; (4379135)<br>| (52104)<br>| &nbsp;&nbsp;&nbsp; 1596329 | 20802 |
| Total net increase <br> (decrease)<br>| $12273118 | 147354 | &nbsp;&nbsp;&nbsp; $2330348 | 30179 | &nbsp;&nbsp;&nbsp; $(13276623)<br>| (158740)<br>| &nbsp;&nbsp;&nbsp; $1326843 | 18793 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| New World Fund | **33** |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** |
| Class A | $543291 | 6972 | &nbsp;&nbsp;&nbsp; $304076 | 4130 | &nbsp;&nbsp;&nbsp; $(1729780)<br>| (22140)<br>| &nbsp;&nbsp;&nbsp; $(882413)<br>| (11038)<br>|
| Class C | 24549 | 332 | &nbsp;&nbsp;&nbsp; 5456 | 78 | &nbsp;&nbsp;&nbsp; (99859)<br>| (1347)<br>| &nbsp;&nbsp;&nbsp; (69854)<br>| (937)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 100351 | 1306 | &nbsp;&nbsp;&nbsp; 21533 | 295 | &nbsp;&nbsp;&nbsp; (252981)<br>| (3288)<br>| &nbsp;&nbsp;&nbsp; (131097)<br>| (1687)<br>|
| Class F-2 | 3534926 | 45388 | &nbsp;&nbsp;&nbsp; 432550 | 5898 | &nbsp;&nbsp;&nbsp; (3452700)<br>| (44379)<br>| &nbsp;&nbsp;&nbsp; 514776 | 6907 |
| Class F-3 | 1716110 | 21899 | &nbsp;&nbsp;&nbsp; 208841 | 2838 | &nbsp;&nbsp;&nbsp; (1659877)<br>| (21275)<br>| &nbsp;&nbsp;&nbsp; 265074 | 3462 |
| Class 529-A | 64287 | 834 | &nbsp;&nbsp;&nbsp; 22074 | 303 | &nbsp;&nbsp;&nbsp; (156481)<br>| (2027)<br>| &nbsp;&nbsp;&nbsp; (70120)<br>| (890)<br>|
| Class 529-C | 3850 | 52 | &nbsp;&nbsp;&nbsp; 335 | 5 | &nbsp;&nbsp;&nbsp; (10351)<br>| (140)<br>| &nbsp;&nbsp;&nbsp; (6166)<br>| (83)<br>|
| Class 529-E | 1752 | 23 | &nbsp;&nbsp;&nbsp; 709 | 10 | &nbsp;&nbsp;&nbsp; (5938)<br>| (78)<br>| &nbsp;&nbsp;&nbsp; (3477)<br>| (45)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 23062 | 296 | &nbsp;&nbsp;&nbsp; 3437 | 47 | &nbsp;&nbsp;&nbsp; (25515)<br>| (325)<br>| &nbsp;&nbsp;&nbsp; 984 | 18 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class R-1 | 3613 | 49 | &nbsp;&nbsp;&nbsp; 434 | 6 | &nbsp;&nbsp;&nbsp; (6533)<br>| (88)<br>| &nbsp;&nbsp;&nbsp; (2486)<br>| (33)<br>|
| Class R-2 | 38017 | 511 | &nbsp;&nbsp;&nbsp; 4827 | 69 | &nbsp;&nbsp;&nbsp; (65232)<br>| (869)<br>| &nbsp;&nbsp;&nbsp; (22388)<br>| (289)<br>|
| Class R-2E | 11066 | 144 | &nbsp;&nbsp;&nbsp; 805 | 11 | &nbsp;&nbsp;&nbsp; (10340)<br>| (134)<br>| &nbsp;&nbsp;&nbsp; 1531 | 21 |
| Class R-3 | 94043 | 1222 | &nbsp;&nbsp;&nbsp; 10949 | 151 | &nbsp;&nbsp;&nbsp; (127011)<br>| (1651)<br>| &nbsp;&nbsp;&nbsp; (22019)<br>| (278)<br>|
| Class R-4 | 150827 | 1953 | &nbsp;&nbsp;&nbsp; 18847 | 258 | &nbsp;&nbsp;&nbsp; (185935)<br>| (2383)<br>| &nbsp;&nbsp;&nbsp; (16261)<br>| (172)<br>|
| Class R-5E | 30222 | 390 | &nbsp;&nbsp;&nbsp; 2719 | 37 | &nbsp;&nbsp;&nbsp; (24249)<br>| (317)<br>| &nbsp;&nbsp;&nbsp; 8692 | 110 |
| Class R-5 | 58235 | 744 | &nbsp;&nbsp;&nbsp; 8530 | 115 | &nbsp;&nbsp;&nbsp; (100623)<br>| (1286)<br>| &nbsp;&nbsp;&nbsp; (33858)<br>| (427)<br>|
| Class R-6 | 6900469 | 88443 | &nbsp;&nbsp;&nbsp; 343204 | 4667 | &nbsp;&nbsp;&nbsp; (2051150)<br>| (25962)<br>| &nbsp;&nbsp;&nbsp; 5192523 | 67148 |
| Total net increase <br> (decrease)<br>| $13298670 | 170558 | &nbsp;&nbsp;&nbsp; $1389326 | 18918 | &nbsp;&nbsp;&nbsp; $(9964555)<br>| (127689)<br>| &nbsp;&nbsp;&nbsp; $4723441 | 61787 |

---

\*

Includes exchanges between share classes of the fund.

<sup>†</sup>

Amount less than one thousand.

**11. Investment transactions**

------

The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations,

if any, of $30,399,747,000 and $29,495,175,000, respectively, during the year ended October 31, 2025.

---

| | |
|:---|:---|
| **34** | New World Fund |

---

------

Financial highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset** <br>**value,** <br>**beginning** <br>**of year**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| <br>**Net asset** <br>**value,** <br>**end** <br>**of year**<br>| <br>**Total return**<sup>2,3</sup> <br>| <br>**Net assets,** <br>**end of** <br>**year** <br>**(in millions)** <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>4</sup> <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3,4</sup> <br>| <br>**Ratio of** <br>**net income** <br>**(loss) to** <br>**average** <br>**net assets**<sup>3</sup> <br>|
| **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  |
| 10/31/2025 | $82.05 | $1.00 | $17.30 | $18.30 | $(.65)<br>| $(2.17)<br>| $(2.82)<br>| $97.53 | 23.20<br> %<br>| $14508 | .97<br> %<br>| .97<br> %<br>| 1.18<br> %<br>|
| 10/31/2024 | 68.46 | .96 | 14.47 | 15.43 | (.93)<br>| (.91)<br>| (1.84)<br>| 82.05 | 22.85 | 13012 | .98 | .98 | 1.23 |
| 10/31/2023 | 62.50 | .83 | 5.72 | 6.55 | (.59)<br>|  | (.59)<br>| 68.46 | 10.50 | 11612 | 1.00 | 1.00 | 1.17 |
| 10/31/2022 | 93.89 | .69 | (26.15)<br>| (25.46)<br>| (.37)<br>| (5.56)<br>| (5.93)<br>| 62.50 | (28.73)<br>| 11303 | .96 | .96 | .93 |
| 10/31/2021 | 73.88 | .38 | 19.72 | 20.10 | (.09)<br>|  | (.09)<br>| 93.89 | 27.20 | 17043 | .96 | .96 | .42 |
| **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  |
| 10/31/2025 | 77.86 | .34 | 16.45 | 16.79 | — <br><sup>5</sup><br>| (2.17)<br>| (2.17)<br>| 92.48 | 22.28 | 254 | 1.72 | 1.72 | .42 |
| 10/31/2024 | 64.99 | .36 | 13.76 | 14.12 | (.34)<br>| (.91)<br>| (1.25)<br>| 77.86 | 21.94 | 278 | 1.72 | 1.72 | .48 |
| 10/31/2023 | 59.27 | .28 | 5.45 | 5.73 | (.01)<br>|  | (.01)<br>| 64.99 | 9.67 | 293 | 1.75 | 1.75 | .41 |
| 10/31/2022 | 89.61 | .11 | (24.89)<br>| (24.78)<br>|  | (5.56)<br>| (5.56)<br>| 59.27 | (29.28)<br>| 335 | 1.72 | 1.72 | .15 |
| 10/31/2021 | 70.96 | (.29)<br>| 18.94 | 18.65 |  |  |  | 89.61 | 26.26 | 598 | 1.70 | 1.70 | (.33)<br>|
| **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  |
| 10/31/2025 | 81.96 | 1.18 | 17.25 | 18.43 | (.90)<br>| (2.17)<br>| (3.07)<br>| 97.32 | 23.46 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .71 <br><sup>6</sup><br>| .71 <br><sup>6</sup><br>| 1.39 <br><sup>6</sup><br>|
| 10/31/2024 | 68.42 | 1.14 | 14.45 | 15.59 | (1.14)<br>| (.91)<br>| (2.05)<br>| 81.96 | 23.15 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .69 <br><sup>6</sup><br>| .69 <br><sup>6</sup><br>| 1.46 <br><sup>6</sup><br>|
| 10/31/2023 | 62.49 | 1.01 | 5.71 | 6.72 | (.79)<br>|  | (.79)<br>| 68.42 | 10.79 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .72 <br><sup>6</sup><br>| .72 <br><sup>6</sup><br>| 1.42 <br><sup>6</sup><br>|
| 10/31/2022 | 93.87 | .87 | (26.11)<br>| (25.24)<br>| (.58)<br>| (5.56)<br>| (6.14)<br>| 62.49 | (28.56 )<sup>6</sup><br>| — <br><sup>7</sup><br>| .71 <br><sup>6</sup><br>| .71 <br><sup>6</sup><br>| 1.18 <br><sup>6</sup><br>|
| 10/31/2021 | 73.86 | .58 | 19.69 | 20.27 | (.26)<br>|  | (.26)<br>| 93.87 | 27.47 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .74 <br><sup>6</sup><br>| .74 <br><sup>6</sup><br>| .63 <br><sup>6</sup><br>|
| **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  |
| 10/31/2025 | 81.48 | 1.00 | 17.18 | 18.18 | (.66)<br>| (2.17)<br>| (2.83)<br>| 96.83 | 23.21 | 940 | .96 | .96 | 1.19 |
| 10/31/2024 | 67.99 | .96 | 14.38 | 15.34 | (.94)<br>| (.91)<br>| (1.85)<br>| 81.48 | 22.87 | 855 | .97 | .97 | 1.24 |
| 10/31/2023 | 62.05 | .85 | 5.67 | 6.52 | (.58)<br>|  | (.58)<br>| 67.99 | 10.53 | 828 | .96 | .96 | 1.21 |
| 10/31/2022 | 93.27 | .67 | (25.95)<br>| (25.28)<br>| (.38)<br>| (5.56)<br>| (5.94)<br>| 62.05 | (28.74)<br>| 854 | .96 | .96 | .91 |
| 10/31/2021 | 73.39 | .39 | 19.58 | 19.97 | (.09)<br>|  | (.09)<br>| 93.27 | 27.22 | 1418 | .95 | .95 | .43 |
| **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  |
| 10/31/2025 | 81.95 | 1.24 | 17.25 | 18.49 | (.91)<br>| (2.17)<br>| (3.08)<br>| 97.36 | 23.56 | 22757 | .68 | .68 | 1.47 |
| 10/31/2024 | 68.39 | 1.19 | 14.44 | 15.63 | (1.16)<br>| (.91)<br>| (2.07)<br>| 81.95 | 23.20 | 18086 | .68 | .68 | 1.53 |
| 10/31/2023 | 62.44 | 1.05 | 5.70 | 6.75 | (.80)<br>|  | (.80)<br>| 68.39 | 10.85 | 14620 | .68 | .68 | 1.48 |
| 10/31/2022 | 93.83 | .90 | (26.09)<br>| (25.19)<br>| (.64)<br>| (5.56)<br>| (6.20)<br>| 62.44 | (28.52)<br>| 14343 | .68 | .68 | 1.22 |
| 10/31/2021 | 73.81 | .65 | 19.68 | 20.33 | (.31)<br>|  | (.31)<br>| 93.83 | 27.55 | 20219 | .67 | .67 | .72 |
| **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  |
| 10/31/2025 | 82.29 | 1.33 | 17.33 | 18.66 | (.99)<br>| (2.17)<br>| (3.16)<br>| 97.79 | 23.69 | 9889 | .57 | .57 | 1.58 |
| 10/31/2024 | 68.67 | 1.28 | 14.49 | 15.77 | (1.24)<br>| (.91)<br>| (2.15)<br>| 82.29 | 23.34 | 8466 | .57 | .57 | 1.63 |
| 10/31/2023 | 62.70 | 1.13 | 5.73 | 6.86 | (.89)<br>|  | (.89)<br>| 68.67 | 10.98 | 6827 | .58 | .58 | 1.59 |
| 10/31/2022 | 94.20 | .99 | (26.19)<br>| (25.20)<br>| (.74)<br>| (5.56)<br>| (6.30)<br>| 62.70 | (28.45)<br>| 5666 | .57 | .57 | 1.34 |
| 10/31/2021 | 74.08 | .76 | 19.74 | 20.50 | (.38)<br>|  | (.38)<br>| 94.20 | 27.70 | 7473 | .57 | .57 | .83 |
| **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  |
| 10/31/2025 | 81.18 | .97 | 17.11 | 18.08 | (.63)<br>| (2.17)<br>| (2.80)<br>| 96.46 | 23.19 | 1018 | .99 | .99 | 1.16 |
| 10/31/2024 | 67.75 | .93 | 14.32 | 15.25 | (.91)<br>| (.91)<br>| (1.82)<br>| 81.18 | 22.81 | 918 | 1.00 | 1.00 | 1.20 |
| 10/31/2023 | 61.86 | .80 | 5.66 | 6.46 | (.57)<br>|  | (.57)<br>| 67.75 | 10.48 | 826 | 1.02 | 1.02 | 1.14 |
| 10/31/2022 | 93.01 | .66 | (25.89)<br>| (25.23)<br>| (.36)<br>| (5.56)<br>| (5.92)<br>| 61.86 | (28.76)<br>| 807 | .99 | .99 | .90 |
| 10/31/2021 | 73.19 | .36 | 19.54 | 19.90 | (.08)<br>|  | (.08)<br>| 93.01 | 27.17 | 1205 | .97 | .97 | .40 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| New World Fund | **35** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  |
| 10/31/2025 | $78.05 | $.32 | $16.49 | $16.81 | $— | $(2.17)<br>| $(2.17)<br>| $92.69 | 22.23<br> %<br>| $17 | 1.75<br> %<br>| 1.75<br> %<br>| .40<br> %<br>|
| 10/31/2024 | 65.08 | .34 | 13.79 | 14.13 | (.25)<br>| (.91)<br>| (1.16)<br>| 78.05 | 21.91 | 18 | 1.75 | 1.75 | .45 |
| 10/31/2023 | 59.37 | .24 | 5.47 | 5.71 |  |  |  | 65.08 | 9.62 | 20 | 1.80 | 1.80 | .36 |
| 10/31/2022 | 89.80 | .07 | (24.94)<br>| (24.87)<br>|  | (5.56)<br>| (5.56)<br>| 59.37 | (29.31)<br>| 25 | 1.77 | 1.77 | .09 |
| 10/31/2021 | 71.13 | (.33)<br>| 19.00 | 18.67 |  |  |  | 89.80 | 26.23 | 46 | 1.73 | 1.73 | (.38)<br>|
| **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  |
| 10/31/2025 | 80.38 | .79 | 16.96 | 17.75 | (.46)<br>| (2.17)<br>| (2.63)<br>| 95.50 | 22.92 | 32 | 1.20 | 1.20 | .96 |
| 10/31/2024 | 67.09 | .78 | 14.19 | 14.97 | (.77)<br>| (.91)<br>| (1.68)<br>| 80.38 | 22.57 | 31 | 1.19 | 1.19 | 1.01 |
| 10/31/2023 | 61.25 | .66 | 5.61 | 6.27 | (.43)<br>|  | (.43)<br>| 67.09 | 10.27 | 29 | 1.21 | 1.21 | .95 |
| 10/31/2022 | 92.11 | .51 | (25.66)<br>| (25.15)<br>| (.15)<br>| (5.56)<br>| (5.71)<br>| 61.25 | (28.90)<br>| 29 | 1.19 | 1.19 | .70 |
| 10/31/2021 | 72.57 | .17 | 19.37 | 19.54 |  |  |  | 92.11 | 26.93 | 45 | 1.18 | 1.18 | .19 |
| **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  |
| 10/31/2025 | 81.92 | 1.15 | 17.25 | 18.40 | (.82)<br>| (2.17)<br>| (2.99)<br>| 97.33 | 23.41 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .77 <br><sup>6</sup><br>| .77 <br><sup>6</sup><br>| 1.36 <br><sup>6</sup><br>|
| 10/31/2024 | 68.40 | 1.10 | 14.45 | 15.55 | (1.12)<br>| (.91)<br>| (2.03)<br>| 81.92 | 23.08 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .78 <br><sup>6</sup><br>| .78 <br><sup>6</sup><br>| 1.41 <br><sup>6</sup><br>|
| 10/31/2023 | 62.47 | .98 | 5.70 | 6.68 | (.75)<br>|  | (.75)<br>| 68.40 | 10.74 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .75 <br><sup>6</sup><br>| .75 <br><sup>6</sup><br>| 1.39 <br><sup>6</sup><br>|
| 10/31/2022 | 93.83 | .84 | (26.10)<br>| (25.26)<br>| (.54)<br>| (5.56)<br>| (6.10)<br>| 62.47 | (28.58 )<sup>6</sup><br>| — <br><sup>7</sup><br>| .75 <br><sup>6</sup><br>| .75 <br><sup>6</sup><br>| 1.14 <br><sup>6</sup><br>|
| 10/31/2021 | 73.84 | .53 | 19.69 | 20.22 | (.23)<br>|  | (.23)<br>| 93.83 | 27.43 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .78 <br><sup>6</sup><br>| .78 <br><sup>6</sup><br>| .59 <br><sup>6</sup><br>|
| **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  |
| 10/31/2025 | 80.95 | 1.11 | 17.03 | 18.14 | (.83)<br>| (2.17)<br>| (3.00)<br>| 96.09 | 23.38 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .77 <br><sup>6</sup><br>| .77 <br><sup>6</sup><br>| 1.33 <br><sup>6</sup><br>|
| 10/31/2024 | 67.61 | 1.06 | 14.28 | 15.34 | (1.09)<br>| (.91)<br>| (2.00)<br>| 80.95 | 23.04 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .78 <br><sup>6</sup><br>| .78 <br><sup>6</sup><br>| 1.37 <br><sup>6</sup><br>|
| 10/31/2023 | 61.77 | .93 | 5.65 | 6.58 | (.74)<br>|  | (.74)<br>| 67.61 | 10.68 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .79 <br><sup>6</sup><br>| .79 <br><sup>6</sup><br>| 1.33 <br><sup>6</sup><br>|
| 10/31/2022 | 92.91 | .81 | (25.82)<br>| (25.01)<br>| (.57)<br>| (5.56)<br>| (6.13)<br>| 61.77 | (28.60 )<sup>6</sup><br>| — <br><sup>7</sup><br>| .78 <br><sup>6</sup><br>| .78 <br><sup>6</sup><br>| 1.11 <br><sup>6</sup><br>|
| 10/31/2021 | 73.20 | .55 | 19.53 | 20.08 | (.37)<br>|  | (.37)<br>| 92.91 | 27.44 <br><sup>6</sup><br>| — <br><sup>7</sup><br>| .75 <br><sup>6</sup><br>| .75 <br><sup>6</sup><br>| .60 <br><sup>6</sup><br>|
| **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  |
| 10/31/2025 | 82.06 | 1.23 | 17.28 | 18.51 | (.89)<br>| (2.17)<br>| (3.06)<br>| 97.51 | 23.54 | 170 | .70 | .70 | 1.46 |
| 10/31/2024 | 68.49 | 1.19 | 14.46 | 15.65 | (1.17)<br>| (.91)<br>| (2.08)<br>| 82.06 | 23.21 | 137 | .69 | .69 | 1.52 |
| 10/31/2023 | 62.53 | 1.05 | 5.71 | 6.76 | (.80)<br>|  | (.80)<br>| 68.49 | 10.85 | 113 | .68 | .68 | 1.49 |
| 10/31/2022 | 93.92 | .90 | (26.14)<br>| (25.24)<br>| (.59)<br>| (5.56)<br>| (6.15)<br>| 62.53 | (28.54)<br>| 103 | .69 | .69 | 1.21 |
| 10/31/2021 | 73.88 | .59 | 19.69 | 20.28 | (.24)<br>|  | (.24)<br>| 93.92 | 27.48 | 138 | .74 | .74 | .65 |
| **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  |
| 10/31/2025 | 81.87 | 1.24 | 17.23 | 18.47 | (.94)<br>| (2.17)<br>| (3.11)<br>| 97.23 | 23.56 | — <br><sup>7</sup><br>| .63 | .63 | 1.48 |
| 10/31/2024 | 68.35 | 1.19 | 14.43 | 15.62 | (1.19)<br>| (.91)<br>| (2.10)<br>| 81.87 | 23.22 | — <br><sup>7</sup><br>| .63 | .63 | 1.52 |
| 10/31/2023 | 62.44 | 1.04 | 5.71 | 6.75 | (.84)<br>|  | (.84)<br>| 68.35 | 10.84 | — <br><sup>7</sup><br>| .65 | .65 | 1.48 |
| 10/31/2022 | 93.84 | .92 | (26.08)<br>| (25.16)<br>| (.68)<br>| (5.56)<br>| (6.24)<br>| 62.44 | (28.50)<br>| — <br><sup>7</sup><br>| .64 | .64 | 1.25 |
| 10/31/2021 | 73.88 | .67 | 19.68 | 20.35 | (.39)<br>|  | (.39)<br>| 93.84 | 27.58 | — <br><sup>7</sup><br>| .67 | .62 | .73 |
| **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  |
| 10/31/2025 | 77.94 | .39 | 16.49 | 16.88 |  | (2.17)<br>| (2.17)<br>| 92.65 | 22.35 | 21 | 1.65 | 1.65 | .48 |
| 10/31/2024 | 65.13 | .41 | 13.78 | 14.19 | (.47)<br>| (.91)<br>| (1.38)<br>| 77.94 | 22.02 | 22 | 1.66 | 1.66 | .55 |
| 10/31/2023 | 59.48 | .33 | 5.48 | 5.81 | (.16)<br>|  | (.16)<br>| 65.13 | 9.77 | 21 | 1.67 | 1.67 | .49 |
| 10/31/2022 | 89.83 | .19 | (24.98)<br>| (24.79)<br>|  | (5.56)<br>| (5.56)<br>| 59.48 | (29.21)<br>| 21 | 1.63 | 1.63 | .26 |
| 10/31/2021 | 71.14 | (.28)<br>| 18.97 | 18.69 |  |  |  | 89.83 | 26.26 | 29 | 1.70 | 1.70 | (.32)<br>|

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **36** | New World Fund |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  |
| 10/31/2025 | $77.97 | $.39 | $16.45 | $16.84 | $(.11)<br>| $(2.17)<br>| $(2.28)<br>| $92.53 | 22.32<br> %<br>| $265 | 1.67<br> %<br>| 1.67<br> %<br>| .48<br> %<br>|
| 10/31/2024 | 65.16 | .41 | 13.78 | 14.19 | (.47)<br>| (.91)<br>| (1.38)<br>| 77.97 | 22.01 | 250 | 1.66 | 1.66 | .54 |
| 10/31/2023 | 59.47 | .33 | 5.48 | 5.81 | (.12)<br>|  | (.12)<br>| 65.16 | 9.77 | 228 | 1.67 | 1.67 | .49 |
| 10/31/2022 | 89.85 | .15 | (24.97)<br>| (24.82)<br>|  | (5.56)<br>| (5.56)<br>| 59.47 | (29.24)<br>| 224 | 1.67 | 1.67 | .21 |
| 10/31/2021 | 71.13 | (.26)<br>| 18.98 | 18.72 |  |  |  | 89.85 | 26.30 | 341 | 1.66 | 1.66 | (.29)<br>|
| **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  |
| 10/31/2025 | 80.28 | .65 | 16.93 | 17.58 | (.37)<br>| (2.17)<br>| (2.54)<br>| 95.32 | 22.71 | 50 | 1.37 | 1.37 | .78 |
| 10/31/2024 | 67.07 | .64 | 14.18 | 14.82 | (.70)<br>| (.91)<br>| (1.61)<br>| 80.28 | 22.37 | 42 | 1.37 | 1.37 | .83 |
| 10/31/2023 | 61.22 | .55 | 5.61 | 6.16 | (.31)<br>|  | (.31)<br>| 67.07 | 10.08 | 34 | 1.38 | 1.38 | .79 |
| 10/31/2022 | 92.06 | .37 | (25.65)<br>| (25.28)<br>|  | (5.56)<br>| (5.56)<br>| 61.22 | (29.03)<br>| 28 | 1.38 | 1.38 | .51 |
| 10/31/2021 | 72.67 | — <br><sup>5</sup><br>| 19.39 | 19.39 |  |  |  | 92.06 | 26.67 | 42 | 1.37 | 1.37 | — <br><sup>8</sup><br>|
| **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  |
| 10/31/2025 | 80.47 | .77 | 16.98 | 17.75 | (.47)<br>| (2.17)<br>| (2.64)<br>| 95.58 | 22.90 | 574 | 1.22 | 1.22 | .93 |
| 10/31/2024 | 67.20 | .76 | 14.21 | 14.97 | (.79)<br>| (.91)<br>| (1.70)<br>| 80.47 | 22.56 | 502 | 1.21 | 1.21 | .99 |
| 10/31/2023 | 61.34 | .65 | 5.62 | 6.27 | (.41)<br>|  | (.41)<br>| 67.20 | 10.26 | 438 | 1.22 | 1.22 | .94 |
| 10/31/2022 | 92.20 | .48 | (25.67)<br>| (25.19)<br>| (.11)<br>| (5.56)<br>| (5.67)<br>| 61.34 | (28.92)<br>| 417 | 1.22 | 1.22 | .66 |
| 10/31/2021 | 72.67 | .13 | 19.40 | 19.53 |  |  |  | 92.20 | 26.86 | 644 | 1.22 | 1.22 | .15 |
| **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  |
| 10/31/2025 | 81.51 | 1.03 | 17.18 | 18.21 | (.71)<br>| (2.17)<br>| (2.88)<br>| 96.84 | 23.25 | 890 | .92 | .92 | 1.23 |
| 10/31/2024 | 68.03 | 1.00 | 14.38 | 15.38 | (.99)<br>| (.91)<br>| (1.90)<br>| 81.51 | 22.93 | 796 | .92 | .92 | 1.29 |
| 10/31/2023 | 62.11 | .87 | 5.69 | 6.56 | (.64)<br>|  | (.64)<br>| 68.03 | 10.58 | 676 | .93 | .93 | 1.23 |
| 10/31/2022 | 93.33 | .72 | (25.99)<br>| (25.27)<br>| (.39)<br>| (5.56)<br>| (5.95)<br>| 62.11 | (28.70)<br>| 673 | .92 | .92 | .98 |
| 10/31/2021 | 73.44 | .42 | 19.59 | 20.01 | (.12)<br>|  | (.12)<br>| 93.33 | 27.26 | 989 | .92 | .92 | .46 |
| **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  |
| 10/31/2025 | 81.18 | 1.21 | 17.07 | 18.28 | (.89)<br>| (2.17)<br>| (3.06)<br>| 96.40 | 23.51 | 161 | .72 | .72 | 1.44 |
| 10/31/2024 | 67.77 | 1.15 | 14.31 | 15.46 | (1.14)<br>| (.91)<br>| (2.05)<br>| 81.18 | 23.17 | 118 | .72 | .72 | 1.48 |
| 10/31/2023 | 61.88 | 1.02 | 5.65 | 6.67 | (.78)<br>|  | (.78)<br>| 67.77 | 10.80 | 91 | .73 | .73 | 1.45 |
| 10/31/2022 | 93.07 | .85 | (25.86)<br>| (25.01)<br>| (.62)<br>| (5.56)<br>| (6.18)<br>| 61.88 | (28.57)<br>| 74 | .72 | .72 | 1.16 |
| 10/31/2021 | 73.23 | .63 | 19.50 | 20.13 | (.29)<br>|  | (.29)<br>| 93.07 | 27.52 | 102 | .71 | .71 | .70 |
| **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  |
| 10/31/2025 | 82.50 | 1.30 | 17.37 | 18.67 | (.95)<br>| (2.17)<br>| (3.12)<br>| 98.05 | 23.64 | 347 | .63 | .63 | 1.53 |
| 10/31/2024 | 68.83 | 1.24 | 14.55 | 15.79 | (1.21)<br>| (.91)<br>| (2.12)<br>| 82.50 | 23.29 | 298 | .62 | .62 | 1.58 |
| 10/31/2023 | 62.85 | 1.10 | 5.73 | 6.83 | (.85)<br>|  | (.85)<br>| 68.83 | 10.90 | 278 | .63 | .63 | 1.54 |
| 10/31/2022 | 94.40 | .95 | (26.25)<br>| (25.30)<br>| (.69)<br>| (5.56)<br>| (6.25)<br>| 62.85 | (28.48)<br>| 250 | .62 | .62 | 1.28 |
| 10/31/2021 | 74.24 | .70 | 19.81 | 20.51 | (.35)<br>|  | (.35)<br>| 94.40 | 27.64 | 378 | .62 | .62 | .76 |
| **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  |
| 10/31/2025 | 82.24 | 1.33 | 17.32 | 18.65 | (1.00)<br>| (2.17)<br>| (3.17)<br>| 97.72 | 23.69 | 23975 | .57 | .57 | 1.58 |
| 10/31/2024 | 68.63 | 1.28 | 14.49 | 15.77 | (1.25)<br>| (.91)<br>| (2.16)<br>| 82.24 | 23.35 | 18465 | .57 | .57 | 1.63 |
| 10/31/2023 | 62.67 | 1.13 | 5.72 | 6.85 | (.89)<br>|  | (.89)<br>| 68.63 | 10.97 | 10801 | .58 | .58 | 1.59 |
| 10/31/2022 | 94.15 | .99 | (26.17)<br>| (25.18)<br>| (.74)<br>| (5.56)<br>| (6.30)<br>| 62.67 | (28.45)<br>| 8393 | .57 | .57 | 1.34 |
| 10/31/2021 | 74.05 | .73 | 19.75 | 20.48 | (.38)<br>|  | (.38)<br>| 94.15 | 27.70 | 10326 | .57 | .57 | .80 |

---

Refer to the end of the table(s) for footnote(s).

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| | |
|:---|:---|
| New World Fund | **37** |

---

------

Financial highlights (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
| Portfolio turnover rate for all share classes<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32<br> %<br>|

---

<sup>1</sup> Based on average shares outstanding.

<sup>2</sup> Total returns exclude any applicable sales charges, including contingent deferred sales charges.

<sup>3</sup> This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any.

<sup>4</sup> Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.

<sup>5</sup> Amount less than $.01.

<sup>6</sup> All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. 

<sup>7</sup> Amount less than $1 million.

<sup>8</sup> Amount less than .01%.

<sup>9</sup> Rates do not include the fund's portfolio activity with respect to any Central Funds.

Refer to the notes to financial statements.

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| | |
|:---|:---|
| **38** | New World Fund |

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Report of Independent Registered Public Accounting Firm

------

To the shareholders and the Board of Directors of New World Fund, Inc.:

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statement of assets and liabilities of New World Fund, Inc. (the "Fund"), including the investment portfolio, as of October 31, 2025, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2025, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Costa Mesa, California

December 11, 2025

We have served as the auditor of one or more American Funds investment companies since 1956.

**39**<br>

------

Tax informationunaudited

------

We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund's fiscal year ended October 31, 2025:

---

| | |
|:---|:---|
| Long-term capital gains | $1685120000 |
| Foreign taxes | $0.25 per share |
| Foreign source income | $1.74 per share |
| Qualified dividend income | 100% |
| Section 163(j) interest dividends | $243056000 |
| Corporate dividends received deduction | $74635000 |
| U.S. government income that may be exempt from state taxation | $63799000 |

---

**Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2026, to determine the *calendar year* amounts to be included on their 2025 tax returns. Shareholders should consult their tax advisors.**

---

| | |
|:---|:---|
| **40** | New World Fund |

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------

Changes in and disagreements with accountants

------

None

Matters submitted for shareholder vote

------

None

Remuneration paid to directors, officers and others

------

Refer to the directors' deferred compensation disclosure in the notes to financial statements.

---

| | |
|:---|:---|
| New World Fund | **41** |

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Approval of Investment Advisory and Service Agreement

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The fund's board has approved the continuation of the fund's Investment Advisory and Service Agreement (the "agreement") with Capital Research and Management Company ("CRMC") for an additional one-year term through November 30, 2026. The agreement was amended to add an additional advisory fee breakpoint for when the fund's net assets exceed $71 billion. The board approved the agreement following the recommendation of the fund's Contracts Committee (the "committee"), which is composed of all the fund's independent board members. The board and the committee determined in the exercise of their business judgment that the fund's advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account their interactions with CRMC and information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and they were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.

**1. Nature, extent and quality of services**

The board and the committee considered the depth and quality of CRMC's investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund's assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC's organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

**2. Investment results**

The board and the committee considered the investment results of the fund in light of its objective. They compared the fund's investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included), and data such as publicly disclosed benchmarks including applicable market and fund indexes over various periods (including the fund's lifetime) through March 31, 2025. They generally placed greater emphasis on investment results over longer term periods and relative to benchmark's consistent with the fund's objective. On the basis of this evaluation and the board's and the committee's ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund's investment results have been satisfactory for renewal of the agreement, and that CRMC's record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

**3. Advisory fees and total expenses**

The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund's advisory fees and expenses are competitive with, and compared favorably to those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund's advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund's cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund's shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.

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| | |
|:---|:---|
| **42** | New World Fund |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**4. Ancillary benefits**

The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC's relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC's affiliated transfer agent; sales charges and distribution fees received and retained by the fund's principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC's portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.

**5. Adviser financial information**

The board and the committee reviewed information regarding CRMC's costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC's costs and related cost allocation methodology, as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC's investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC's profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC's long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund's advisory fee structure and CRMC's sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund's advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund's shareholders.

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| | |
|:---|:---|
| New World Fund | **43** |

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#### ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None

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#### ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
None

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#### ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form within the directors' deferred compensation disclosure in the notes to financial statements.

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#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
The information is included as part of the material filed under Item 7 of this Form under Approval of Investment Advisory and Service Agreement.

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#### ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 15 - Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's board of directors since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ''interested persons'' of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board's composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of directors. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent director candidates to the full board of directors. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant's Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

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#### ITEM 16 - Controls and Procedures
(a) The Registrant's Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b) There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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#### ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 18 - Recovery of Erroneously Awarded Compensation
None

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#### ITEM 19 - Exhibits
(a)(1) Code of Ethics - See Item 2

(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections [302](cert302.htm) and [906](cert906.htm) of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**New World Fund, Inc.**

By /s/ Michael W. Stockton

Michael W. Stockton,

Executive Vice President and Principal Executive Officer

Date: January 07, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ Michael W. Stockton

Michael W. Stockton,

Executive Vice President and Principal Executive Officer

Date: January 07, 2026

By /s/ Hong T. Le

Hong T. Le, Treasurer and

Principal Financial Officer

Date: January 07, 2026

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## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

MICHAEL W. STOCKTON, Executive Vice President and Principal Executive Officer, and HONG T. LE, Treasurer and Principal Financial Officer of New World Fund, Inc. (the "Registrant"), each certify to the best of her or his knowledge that:

1. The Registrant's periodic report on Form N-CSR for the period ended October 31, 2025 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer

**New World Fund, Inc.**

<u>/s/ Michael W. Stockton</u>

Michael W. Stockton, Executive Vice President and Principal Executive Officer

Date: January 07, 2026

Principal Financial Officer

**New World Fund, Inc.**

<u>/s/ Hong T. Le</u>

Hong T. Le, Treasurer and Principal Financial Officer

Date: January 07, 2026

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to **New World Fund, Inc.** and will be retained by **New World Fund, Inc.** and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

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## Ex-99.Cert

**CERTIFICATION**

**I, Michael W. Stockton, certify that:**

1. I have reviewed this report on Form N-CSR of **New World Fund, Inc.**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 07, 2026

<u>/s/ Michael W. Stockton</u> Michael W. Stockton,

Executive Vice President and Principal Executive Officer

New World Fund, Inc.

**CERTIFICATION**

I, **Hong T. Le**, certify that:

1. I have reviewed this report on Form N-CSR of **New World Fund, Inc.**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 07, 2026

<u>/s/ Hong T. Le</u> Hong T. Le,

Treasurer and Principal Financial Officer

New World Fund, Inc.

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