-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EGTOeseDku5UjGGc2At/BJX29NFj4nzKUM4oR0K9gROdhrIhCAMZycD432FLvPwU vrip9upNOUmrJBxAk3FegA== 0000051931-09-000271.txt : 20090331 0000051931-09-000271.hdr.sgml : 20090331 20090331140803 ACCESSION NUMBER: 0000051931-09-000271 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090131 FILED AS OF DATE: 20090331 DATE AS OF CHANGE: 20090331 EFFECTIVENESS DATE: 20090331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEW WORLD FUND INC CENTRAL INDEX KEY: 0001073330 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09105 FILM NUMBER: 09717746 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) 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 0001073330 S000009633 NEW WORLD FUND INC 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 C000026381 Class B NEWBX C000026382 Class C NEWCX C000026383 Class F-1 NWFFX C000026384 Class 529-A CNWAX C000026385 Class 529-B CNWBX C000026386 Class 529-C CNWCX C000026387 Class 529-E CNWEX C000026388 Class 529-F-1 CNWFX C000068580 Class F-2 NFFFX N-Q 1 nwf_nq.htm N-Q Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company

Investment Company Act File Number: 811-09105



New World Fund, Inc.
(Exact Name of Registrant as Specified in Charter)

333 South Hope Street,
Los Angeles, California 90071
(Address of Principal Executive Offices)




Registrant's telephone number, including area code:  (213) 486-9200

Date of fiscal year end: October 31

Date of reporting period: January 31, 2009





Vincent P. Corti
Capital Research and Management Company
333 South Hope Street
Los Angeles, California 90071
(Name and Address of Agent for Service)


Copies to:
Mark D. Perlow
K&L Gates LLP
Four Embarcadero Center, Suite 1200
San Francisco, California  94111
(Counsel for the Registrant)

 
 
 

ITEM 1 – Schedule of Investments

[logo – American Funds®]




New World Fund®
Investment portfolio

January 31, 2009
unaudited


Common stocks — 73.95%
  
Shares
    
Value
(000)
  
             
FINANCIALS — 11.37%
            
Itaúsa – Investimentos Itaú SA, preferred nominative
     23,658,419     $ 74,743  
PT Bank Rakyat Indonesia (Persero) Tbk1
     187,764,800       73,332  
Amil Participações SA, ordinary nominative
     18,015,790       55,983  
Banco Itaú Holding Financeira SA, preferred nominative
     5,295,625       53,436  
Unibanco-União de Bancos Brasileiros SA, units (GDR)
     690,000       38,833  
Unibanco-União de Bancos Brasileiros SA, units
     2,000,000       11,316  
Bank of the Philippine Islands1
     66,844,358       48,963  
Ayala Land, Inc.1
     365,992,900       48,886  
Banco Santander, SA1
     5,673,053       45,770  
HSBC Holdings PLC (Hong Kong)1
     5,438,000       42,124  
Housing Development Finance Corp. Ltd.1
     1,179,760       36,699  
ICICI Bank Ltd.1
    4,100,000       34,468  
Banco do Brasil SA, ordinary nominative
     5,495,000       33,677  
Kasikornbank PCL1
     16,700,410       21,433  
Kasikornbank PCL, nonvoting depository receipt1
     9,019,590       11,435  
Sberbank (Savings Bank of the Russian Federation) (GDR)1
     355,923       29,290  
Standard Chartered PLC1
    2,113,101       26,647  
SM Prime Holdings, Inc.1
     164,206,440       25,164  
Metropolitan Bank & Trust Co.1
     51,343,000       25,043  
Bank Muscat (SAOG) (GDR)1
     4,125,979       24,756  
Grupo Financiero Banorte, SAB de CV, Series O
     18,570,000       24,550  
Bancolombia SA (ADR)
     1,052,000       22,018  
Banco Bilbao Vizcaya Argentaria, SA1
     2,336,600       21,868  
PT Bank Mandiri (Persero) Tbk1
    109,733,500       17,266  
Banco Daycoval SA, preferred nominative
     6,557,000       14,574  
Prudential PLC1
     2,950,000       14,155  
China Life Insurance Co. Ltd., Class H1
    4,850,000       12,850  
Bumiputra-Commerce Holdings Bhd.1
    7,000,000       12,312  
Türkiye Is Bankasi AS, Class C1
     5,500,000       12,135  
Hopewell Holdings Ltd.1
     3,374,500       11,125  
National Bank of Greece SA1
    598,000       9,921  
Bank Pekao SA1
     280,000       8,713  
United Bank Ltd. (GDR)1,2
    4,246,000       7,461  
United Bank Ltd. (GDR)1
    561,500       987  
EFG International AG1
    695,000       8,432  
Bank Leumi le-Israel BM1
    4,300,000       7,906  
Türkiye Halk Bankasi AS1
     3,080,000       7,906  
Industrial and Commercial Bank of China Ltd., Class H1
     18,500,000       7,866  
Kotak Mahindra Bank Ltd.1
     1,300,000       7,464  
Bank Hapoalim BM1,3
     4,028,000       7,286  
Commercial Bank of Qatar (QSC) (GDR)1,2,3
     1,875,000       6,000  
Erste Bank der oesterreichischen Sparkassen AG1
    290,400       4,377  
FirstRand Ltd.1
     2,820,032       4,103  
MCB Bank Ltd.1
    2,668,000       3,194  
Shui On Land Ltd.1
     11,000,000       2,783  
Bank of China Ltd., Class H1
     10,000,000       2,621  
Asya Katilim Bankasi AS, Class B1,3
     3,761,907       2,410  
Türkiye Garanti Bankasi AS1,3  
     1,714,000       2,308  
Dolphin Capital Investors Ltd.1,3
    2,160,000       1,356  
AFI Development PLC (GDR)1
     1,354,000       1,236  
JSC Halyk Bank of Kazakhstan (GDR)1
     157,700       351  
JSC Halyk Bank of Kazakhstan (GDR)1,2
     38,400       85  
              1,029,617  
                 
CONSUMER STAPLES — 10.45%
                
Nestlé SA1
     4,112,450       142,295  
Anheuser-Busch InBev NV1
     4,358,816       110,859  
Avon Products, Inc.
     4,868,697       99,565  
Tesco PLC1
     13,572,190       70,016  
British American Tobacco PLC1
     1,683,984       46,117  
Beiersdorf AG1
     800,000       39,187  
Coca-Cola Co.
     730,000       31,186  
Groupe Danone SA1
     600,325       30,873  
PepsiCo, Inc.
     611,000       30,690  
SABMiller PLC1
     1,764,500       28,762  
China Yurun Food Group Ltd.1
     24,584,000       28,702  
Grupo Nacional de Chocolates SA
     4,425,000       27,052  
Wimm-Bill-Dann Foods OJSC (ADR)3
     1,083,700       26,280  
IOI Corp. Bhd.1
    24,350,000       26,073  
Procter & Gamble Co.
     450,000       24,525  
Diageo PLC1
    1,322,000       18,037  
L’Oréal SA1
     244,361       16,258  
Olam International Ltd.1
     20,000,000       16,059  
Fomento Económico Mexicano, SAB de CV (ADR)
     570,000       16,046  
Wal-Mart de México, SAB de CV, Series V (ADR)1
     500,000       10,465  
Wal-Mart de México, SAB de CV, Series V
     2,545,000       5,327  
Coca-Cola Icecek AS, Class C1
    3,283,750       15,219  
Unilever NV, depository receipts1
     650,000       14,342  
X5 Retail Group NV (GDR)1,2,3   
     1,509,552       10,216  
X5 Retail Group NV (GDR)1,3   
     480,400       3,251  
Kimberly-Clark de México, SAB de CV, Class A
     4,000,000       12,962  
Nestlé India Ltd.1
     380,700       11,371  
Cia. de Bebidas das Américas – AmBev, preferred nominative (ADR)
     230,000       9,382  
Cia. de Bebidas das Américas – AmBev, ordinary nominative (ADR)
     42,000       1,441  
Tingyi (Cayman Islands) Holding Corp.1
     8,700,000       10,042  
Poslovni sistem Mercator, dd1
     42,200       8,698  
First Pacific Co. Ltd.1
    7,214,000       2,601  
Cosan Ltd., Class A3
     770,000       2,479  
              946,378  
                 
TELECOMMUNICATION SERVICES — 9.92%
                
América Móvil, SAB de CV, Series L (ADR)
     7,475,800       213,135  
Philippine Long Distance Telephone Co.1
     2,321,160       103,981  
Philippine Long Distance Telephone Co. (ADR)
     338,340       14,972  
MTN Group Ltd.1
    9,538,993       90,865  
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, Class B1
     133,965,500       73,247  
Turkcell Iletisim Hizmetleri AS1
     12,554,000       66,798  
Telekomunikacja Polska SA1
     11,548,084       65,347  
China Mobile Ltd.1
     5,302,000       47,828  
Partner Communications Co. Ltd.1
     2,954,500       44,912  
Partner Communications Co. Ltd. (ADR)
     151,500       2,341  
Telefónica, SA1
     2,118,200       37,674  
Telekom Austria AG, non-registered shares1
     2,226,295       31,294  
Telefónica 02 Czech Republic, AS1
     925,000       17,323  
TIM Participações SA, ordinary nominative3
     3,730,000       10,866  
TIM Participações SA, preferred nominative (ADR)
     415,000       5,839  
Bharti Airtel Ltd.1,3  
     1,215,700       15,612  
Telenor ASA1
     2,334,500       15,254  
Globe Telecom, Inc.1
     749,723       13,342  
Brasil Telecom Participações SA, preferred nominative (ADR)
     300,000       9,705  
OJSC Mobile TeleSystems (ADR)
     318,800       6,790  
Hutchison Telecommunications International Ltd.1
    20,560,000       5,139  
HT – Hrvatske telekomunikacije dd (GDR)1,2
    86,529       3,376  
TM International Bhd.1,3
     1,358,100       1,190  
Joint-Stock Financial Corp. Sistema (GDR)1
     249,373       920  
              897,750  
                 
ENERGY — 8.03%
                
OAO Gazprom (ADR)1
    9,294,000       120,649  
Petróleo Brasileiro SA – Petrobras, ordinary nominative (ADR)
     3,246,200       85,051  
Petróleo Brasileiro SA – Petrobras, preferred nominative (ADR)
     927,568       20,091  
China National Offshore Oil Corp.1
     76,554,000       65,928  
OAO LUKOIL (ADR)1
    2,000,668       65,616  
Addax Petroleum Corp.
     2,245,000       35,891  
Saipem SpA, Class S1
     2,290,000       34,944  
TOTAL SA1
     428,000       21,406  
TOTAL SA (ADR)
     155,000       7,716  
Reliance Industries Ltd.1
    905,000       24,231  
Cairn India Ltd.1,3
     6,587,000       21,888  
Royal Dutch Shell PLC, Class B1
     880,000       21,000  
Tenaris SA (ADR)
     1,050,000       20,780  
Niko Resources Ltd.4
     495,000       20,365  
Noble Energy, Inc.
     400,000       19,572  
Oil and Gas Development Co. Ltd.1
     30,775,260       17,853  
Sasol Ltd.1
     640,000       17,150  
KNM Group Bhd.1
     142,757,375       16,892  
OGX Petróleo e Gás Participações SA, ordinary nominative3
     54,470       12,931  
Woodside Petroleum Ltd.1
     566,000       12,500  
Chevron Corp.
     175,500       12,376  
Eni SpA1
     472,000       10,013  
Nexen Inc.
     557,689       8,124  
ConocoPhillips
     140,000       6,654  
Hess Corp.
     118,600       6,595  
OAO TMK (GDR)1,2  
     692,815       2,969  
OAO TMK (GDR)1
     538,000       2,306  
Eurasia Drilling Co. Ltd. (GDR)1,2   
     1,162,300       4,086  
Eurasia Drilling Co. Ltd. (GDR)1
    225,950       794  
Sterling Energy PLC1,3
    116,149,500       4,850  
Oil & Natural Gas Corp. Ltd.1
     293,000       3,899  
PTT Exploration and Production PCL1
     660,600       1,838  
              726,958  
                 
HEALTH CARE — 6.33%
                
Teva Pharmaceutical Industries Ltd. (ADR)
     4,776,779       197,998  
Novo Nordisk A/S, Class B1
    1,855,800       99,031  
Krka, dd, Novo mesto1
     921,211       63,998  
OJSC Pharmstandard (GDR)1,3,5
     7,452,949       51,683  
OJSC Pharmstandard (GDR)1,2,3,5
    392,700       2,723  
Hikma Pharmaceuticals PLC1
    8,953,850       46,170  
Cochlear Ltd.1
     1,110,000       41,261  
Richter Gedeon NYRT1
     300,000       34,303  
Novartis AG1
     550,000       22,775  
Dr. Reddy’s Laboratories Ltd.1
     802,000       7,290  
Cipla Ltd.1
     1,440,000       5,627  
              572,859  
                 
INDUSTRIALS — 5.69%
                
Murray & Roberts Holdings Ltd.1
     12,978,758       54,474  
China Railway Construction Corp. Ltd., Class H1,3  
     28,557,500       39,063  
Siemens AG1
     677,200       37,959  
Schneider Electric SA1
     579,050       36,824  
Enka Insaat ve Sanayi AS1
     8,979,999       29,106  
Airports of Thailand PCL1
     52,437,500       27,120  
United Technologies Corp.
     545,000       26,154  
Sandvik AB1
     4,650,000       23,866  
ABB Ltd1,3
     1,820,000       23,677  
Container Corp. of India Ltd.1
     1,630,000       23,620  
International Container Terminal Services, Inc.1
     88,828,000       20,409  
Bharat Heavy Electricals Ltd.1
     650,000       17,361  
Outotec Oyj1
     1,210,000       17,206  
Wienerberger AG1
     1,176,500       15,174  
Orascom Construction Industries Co. (GDR)1
     340,400       13,864  
Bidvest Group Ltd.1
     1,079,980       10,564  
Dalian Port (PDA) Co. Ltd., Class H1
     39,430,000       10,299  
General Electric Co.
     827,700       10,040  
Caterpillar Inc.
     307,000       9,471  
KBR, Inc.
     562,601       7,966  
Metso Oyj1
     770,000       7,489  
Hopewell Highway Infrastructure Ltd.1
     12,500,000       7,479  
SM Investments Corp.1
     1,299,308       5,300  
Doosan Heavy Industries and Construction Co., Ltd.1
     103,250       5,269  
Chiyoda Corp.1
     1,043,000       5,165  
Italian-Thai Development PCL1
    71,258,300       5,156  
Intertek Group PLC1
     323,000       3,975  
Hyundai Engineering & Construction Co., Ltd.1
     97,000       3,952  
Embraer – Empresa Brasileira de Aeronáutica SA, ordinary nominative (ADR)
     255,375       3,849  
Daelim Industrial Co., Ltd.1,3
     105,916       3,494  
De La Rue PLC1
     243,974       3,297  
GS Engineering & Construction Corp.1
     67,750       2,850  
PT Bakrie & Brothers Tbk1,3
    990,000,000       2,786  
Thai Airways International PCL1
     5,917,600       1,174  
              515,452  
                 
MATERIALS — 4.80%
                
Israel Chemicals Ltd.1
     15,716,927       107,395  
Linde AG1
     892,146       59,474  
JSC Uralkali (GDR)1
    7,319,330       45,984  
JSC Uralkali (GDR)1,2
     653,570       4,106  
Sigma-Aldrich Corp.
     890,000       32,111  
Makhteshim-Agan Industries Ltd.1
     8,645,000       27,180  
Givaudan SA1
     30,250       20,523  
Cia. Vale do Rio Doce, Class A, preferred nominative
     1,032,000       12,476  
Cia. Vale do Rio Doce, Class A, preferred nominative (ADR)
     570,000       6,920  
Anglo American PLC1
     1,077,400       19,324  
BHP Billiton PLC1
     1,092,288       18,540  
Impala Platinum Holdings Ltd.1
    1,359,083       15,653  
Hochschild Mining PLC1
    5,050,000       10,839  
Akzo Nobel NV1
     245,000       8,771  
Ambuja Cements Ltd.1
    5,518,672       7,918  
Votorantim Celulose e Papel SA, preferred nominative (ADR)3
     1,356,900       7,870  
Aricom PLC1,3,4
     25,528,809       7,382  
Holcim Ltd.1
     170,142       6,874  
United Phosphorus Ltd.1
     3,344,825       6,360  
Aracruz Celulose SA, Class B, preferred nominative (ADR)
     500,000       4,195  
Central African Mining & Exploration Co. PLC1,3
     68,289,220       2,420  
Rhodia SA1
     506,000       2,266  
              434,581  
                 
CONSUMER DISCRETIONARY — 4.50%
                
Honda Motor Co., Ltd.1
    2,310,000       51,646  
McDonald’s Corp.
     750,000       43,515  
Nitori Co., Ltd.1
    592,850       41,862  
Fiat SpA1,3
     6,800,000       33,226  
Swatch Group Ltd, non-registered shares1
     131,850       14,737  
Swatch Group Ltd1
     568,022       12,601  
GOME Electrical Appliances Holding Ltd.1
    208,666,000       22,819  
Desarrolladora Homex, SA de CV (ADR)3
    1,060,000       20,214  
Yue Yuen Industrial (Holdings) Ltd.1
     10,382,500       18,979  
Li & Fung Ltd.1
     9,307,900       18,657  
Truworths International Ltd.1
     4,953,000       17,090  
Lojas Renner SA, ordinary nominative
     2,188,700       13,367  
Kuoni Reisen Holding AG, Class B1
     45,672       13,025  
PT Astra International Tbk1
    11,000,000       12,324  
Hyundai Mobis Co., Ltd.1
     255,000       11,832  
Grupo Televisa, SAB, ordinary participation certificates (ADR)
     800,000       11,192  
Melco Crown Entertainment Ltd. (ADR)3
     3,800,000       10,602  
Nokian Renkaat Oyj1
     1,014,969       9,926  
TVN SA1
     2,500,000       8,499  
Shangri-La Asia Ltd.1
     3,910,000       4,560  
Praktiker Bau- und Heimwerkermärkte Holding AG1
    536,300       3,993  
Central European Media Enterprises Ltd., Class A3
     390,000       3,845  
Suzuki Motor Corp.1
     261,000       3,511  
C C Land Holdings Ltd.1
     13,336,000       3,259  
Techtronic Industries Co. Ltd.1
     8,150,000       2,645  
              407,926  
                 
INFORMATION TECHNOLOGY — 4.19%
                
Google Inc., Class A3
     180,000       60,935  
Samsung Electronics Co., Ltd.1
     158,612       55,148  
Kingboard Chemical Holdings Ltd.1
     32,633,340       52,370  
Nokia Corp.1
     3,043,200       37,342  
Nokia Corp. (ADR)
     1,186,000       14,552  
Tencent Holdings Ltd.1
    4,094,000       25,049  
HTC Corp.1
    2,626,000       24,954  
HOYA CORP.1
     1,169,800       20,785  
Agilent Technologies, Inc.3
     1,115,000       20,159  
Yahoo! Inc.3
     1,550,000       18,182  
Mediatek Incorporation1
     1,569,000       11,290  
Redecard SA, ordinary nominative
     747,800       8,472  
Cisco Systems, Inc.3
     537,800       8,051  
Venture Corp. Ltd.1
     2,500,000       6,700  
NetEase.com, Inc. (ADR)3
     320,000       6,083  
Halma PLC1
     1,700,000       4,496  
Hon Hai Precision Industry Co., Ltd.1
    1,447,000       2,499  
Kingboard Laminates Holdings Ltd.1
     8,048,606       2,017  
              379,084  
                 
UTILITIES — 3.72%
                
NTPC Ltd.1
     19,158,932       73,842  
Cia. Energética de Minas Gerais – Cemig, preferred nominative
     3,593,340       48,775  
PT Perusahaan Gas Negara (Persero) Tbk1
     232,814,000       43,741  
Tanjong PLC1
     11,353,000       42,128  
China Resources Power Holdings Co. Ltd.1
     21,380,000       39,258  
CLP Holdings Ltd.1
     3,945,000       26,742  
Cheung Kong Infrastructure Holdings Ltd.1
     6,430,000       24,091  
Electricity Generating PCL1
     6,375,000       12,550  
GAIL (India) Ltd.1
     2,977,500       11,793  
Veolia Environnement1
     309,375       6,975  
Cia. de Saneamento Básico do Estado de São Paulo – SABESP, ordinary nominative
     618,000       6,695  
Power Grid Corp. of India Ltd.1
     249,370       445  
              337,035  
                 
MISCELLANEOUS — 4.95%
                
Other common stocks in initial period of acquisition
             448,490  
                 
                 
Total common stocks (cost: $9,716,794,000)
             6,696,130  
                 
                 
                 
Warrants — 0.00%
                
                 
MATERIALS — 0.00%
                
Aricom PLC, warrants, expire 20103,4
     10,000,000       144  
                 
                 
MISCELLANEOUS — 0.00%
                
Other warrants in initial period of acquisition
             22  
                 
                 
Total warrants (cost: $3,184,000)
             166  
                 
                 
                 
Convertible securities — 0.04%
                
                 
MISCELLANEOUS — 0.04%
                
Other convertible securities in initial period of acquisition
             3,729  
                 
                 
Total convertible securities (cost: $15,691,000)
             3,729  
                 
                 
                 
   
Principal amount
    
Value
  
Bonds & notes — 13.31%
     (000 )     (000 )
                 
BONDS & NOTES OF GOVERNMENTS OUTSIDE THE U.S. — 12.14%
                
Brazilian Treasury Bill 0% 2009
  
BRL4,000
     $ 1,606  
Brazil (Federal Republic of) Global 9.25% 2010
   $ 12,600       13,954  
Brazilian Treasury Bill 6.00% 20101,6
  
BRL64,837
       27,645  
Brazilian Treasury Bill 0% 2010
     34,600       12,842  
Brazilian Treasury Bill 0% 2010
     25,000       9,785  
Brazilian Treasury Bill 6.00% 20111,6
    8,385       3,543  
Brazil (Federal Republic of) 10.00% 20121
     8,000       3,294  
Brazil (Federal Republic of) 10.00% 20141
     9,000       3,508  
Brazilian Treasury Bill 6.00% 20151,6
     37,385       14,935  
Brazil (Federal Republic of) Global 12.50% 2016
     29,400       13,387  
Brazil (Federal Republic of) Global 6.00% 2017
   $ 19,425       19,328  
Brazil (Federal Republic of) 10.00% 20171
  
BRL13,500
       5,050  
Brazilian Treasury Bill 6.00% 20171,6
     17,803       7,027  
Brazil (Federal Republic of) Global 8.00% 20187
   $ 37,828       40,779  
Brazil (Federal Republic of) Global 8.875% 2019
     9,000       10,552  
Brazil (Federal Republic of) Global 12.50% 2022
  
BRL20,000
       9,107  
Brazil (Federal Republic of) Global 8.875% 2024
   $ 900       1,057  
Brazil (Federal Republic of) Global 10.125% 2027
     14,500       18,995  
Brazil (Federal Republic of) Global 7.125% 2037
     16,730       17,274  
Brazil (Federal Republic of) Global 11.00% 2040
     27,000       33,831  
Brazilian Treasury Bill 6.00% 20451,6
  
BRL35,605
       13,277  
United Mexican States Government Global 10.375% 2009
   $ 2,385       2,396  
United Mexican States Government Global 9.875% 2010
     21,625       23,409  
United Mexican States Government 9.00% 2012
  
MXN100,000
       7,414  
United Mexican States Government Global 6.375% 2013
   $ 30,380       31,899  
United Mexican States Government, Series MI10, 8.00% 2013
  
MXN 56,068
       4,009  
United Mexican States Government, Series MI10, 9.50% 2014
     449,500       34,332  
United Mexican States Government, Series M10, 8.00% 2015
     210,000       14,925  
United Mexican States Government Global 5.625% 2017
   $ 26,740       26,125  
United Mexican States Government, Series M20, 10.00% 2024
  
MXN123,000
       10,206  
United Mexican States Government Global 7.50% 2033
   $ 6,200       6,417  
United Mexican States Government Global 6.05% 2040
     11,570       9,921  
Turkey (Republic of) 14.00% 2011
  
TRY71,400
       43,113  
Turkey (Republic of) 11.50% 2012
   $ 6,000       6,810  
Turkey (Republic of) 10.00% 20121,6
 
TRY36,180
       21,150  
Turkey (Republic of) 16.00% 2012
     7,500       4,591  
Turkey (Republic of) 16.00% 2013
     18,400       11,299  
Turkey (Republic of) 7.25% 2015
   $ 10,150       10,099  
Turkey (Republic of) 7.00% 2016
     24,000       23,400  
Turkey (Republic of) 6.75% 2018
     33,260       31,431  
Turkey (Republic of) 7.00% 2019
     8,000       7,600  
Colombia (Republic of) Global 11.75% 2010
  
COP40,000,000
       17,029  
Colombia (Republic of) Global 10.00% 2012
   $ 32,025       36,124  
Colombia (Republic of) Global 10.75% 2013
     9,840       11,587  
Colombia (Republic of) Global 8.25% 2014
     3,100       3,394  
Colombia (Republic of) Global 12.00% 2015
  
COP56,360,000
       27,206  
Colombia (Republic of) Global 7.375% 2017
   $ 22,000       22,330  
Colombia (Republic of) Global 11.75% 2020
     2,420       3,085  
Colombia (Republic of) Global 8.125% 2024
     4,375       4,419  
Colombia (Republic of) Global 9.85% 2027
  
COP11,815,000
       5,424  
Colombia (Republic of) Global 7.375% 2037
   $ 21,955       20,144  
Russian Federation 8.25% 20107
     16,468       16,931  
Russian Federation 8.25% 20102,7
     1,883       1,936  
Russian Federation 7.50% 20302,7
    30,196       28,045  
Russian Federation 7.50% 20307
     27,710       25,736  
Peru (Republic of) 8.375% 2016
     41,800       46,293  
Peru (Republic of) 7.35% 2025
     6,550       6,615  
Peru (Republic of) 6.55% 20377
     7,242       6,482  
Philippines (Republic of) 8.375% 2009
     8,335       8,377  
Philippines (Republic of) 8.25% 2014
     6,505       6,895  
Philippines (Republic of) 9.375% 2017
     4,000       4,450  
Philippines (Republic of) 9.875% 2019
     10,800       12,285  
Philippines (Republic of) 7.75% 2031
     16,070       15,668  
Panama (Republic of) Global 7.25% 2015
     9,850       10,269  
Panama (Republic of) Global 7.125% 2026
     7,300       7,099  
Panama (Republic of) Global 8.875% 2027
     2,775       3,039  
Panama (Republic of) Global 9.375% 2029
     9,034       10,186  
Panama (Republic of) Global 6.70% 20367
     18,204       16,566  
Polish Government 5.00% 2013
  
PLN37,520
       10,721  
Polish Government 5.25% 2013
     38,400       11,117  
Polish Government 5.00% 2015
   $ 2,900       2,776  
Polish Government 5.25% 2017
  
PLN13,000
       3,646  
Polish Government 5.75% 2022
     12,000       3,405  
Malaysian Government 3.756% 2011
  
MYR43,145
       12,267  
Malaysian Government 3.833% 2011
     42,575       12,175  
Malaysian Government 4.24% 2018
     18,900       5,709  
Dominican Republic 9.50% 20117
   $ 2,075       1,940  
Dominican Republic 9.04% 20187
     3,935       2,971  
Dominican Republic 8.625% 20272,7
     19,900       12,835  
Egypt (Arab Republic of) Treasury Bill 0% 2009
  
EGP34,375
       5,941  
Egypt (Arab Republic of) 9.10% 2010
     20,000       3,569  
Egypt (Arab Republic of) 8.75% 2012
     26,350       4,205  
Argentina (Republic of) 5.83% 20331,6,7,8
 
ARS 75,686
       7,297  
Argentina (Republic of) GDP-Linked 2035
     335,653       3,470  
Argentina (Republic of) 0.63% 20381,6,7
    29,353       766  
Czech Republic, Series 51, 4.00% 2017
  
CZK49,000
       2,243  
Hungarian Government 6.00% 2012
  
HUF499,400
       1,876  
South Africa (Republic of) 6.50% 2014
   $ 1,500       1,477  
              1,099,342  
                 
ENERGY — 0.72%
                
Gaz Capital SA 7.343% 2013
     600       510  
Gaz Capital SA 8.146% 2018
     15,320       11,720  
Gazprom International SA 7.201% 20207
     7,420       6,195  
Gaz Capital SA, Series 9, 6.51% 2022
     16,650       10,198  
Gaz Capital SA 6.51% 20222
     11,990       7,344  
Open Joint Stock Co. Gazprom, Series 2, 8.625% 2034
     1,775       1,482  
Gaz Capital SA 7.288% 2037
     17,000       10,625  
Pemex Project Funding Master Trust 6.625% 2035
     21,800       17,410  
              65,484  
                 
MATERIALS — 0.17%
                
Vale Overseas Ltd. 6.25% 2017
     8,000       7,714  
Freeport-McMoRan Copper & Gold Inc. 8.25% 2015
     2,235       1,904  
Freeport-McMoRan Copper & Gold Inc. 8.375% 2017
     3,815       3,171  
C10 Capital (SPV) Ltd. 6.722% (undated)2,9
     6,600       2,771  
              15,560  
                 
UTILITIES — 0.14%
                
AES Panamá, SA 6.35% 20162
     10,400       8,136  
Enersis SA 7.375% 2014
     4,550       4,656  
              12,792  
                 
FINANCIALS — 0.06%
                
Kazkommerts International BV 7.875% 2014
     7,000       3,815  
Kazkommerts International BV 8.00% 2015
     3,000       1,395  
              5,210  
                 
TELECOMMUNICATION SERVICES — 0.05%
                
Orascom Telecom 7.875% 20142
     6,955       4,138  
                 
                 
INDUSTRIALS — 0.03%
                
TFM, SA de CV 9.375% 2012
     3,200       3,064  
                 
                 
Total bonds & notes (cost: $1,329,242,000)
             1,205,590  
                 
                 
                 
                 
Short-term securities — 12.63%
                
                 
Freddie Mac 0.18%–0.90% due 3/9–7/9/2009
     193,800       193,566  
Federal Home Loan Bank 0.22%–2.80% due 2/2–4/22/2009
     154,100       154,029  
Fannie Mae 0.23%–0.85% due 2/2–7/14/2009
     151,000       150,902  
International Bank for Reconstruction and Development 0.25%–1.15% due 2/2–4/15/2009
     74,400       74,366  
Canada Government 0.25% due 4/15/2009
     60,000       59,944  
Total Capital Canada Ltd. 0.25%–0.65% due 2/17–2/18/20092
     53,100       53,072  
U.S. Treasury Bills 1.25% due 2/12/2009
     50,000       50,000  
Hewlett-Packard Co. 2.20% due 2/3/20092
     49,800       49,794  
Statoil ASA 0.35% due 3/16–4/20/20092
     47,900       47,835  
Siemens Capital Co. LLC 0.31%–0.82% due 2/9–3/26/20092
     46,500       46,478  
Caisse d’Amortissement de la Dette Sociale 0.30%–0.46% due 3/6–4/6/2009
     44,400       44,352  
Unilever Capital Corp. 1.20% due 3/9/20092
     35,000       34,987  
Denmark (Kingdom of) 0.40%–0.90% due 2/10/2009
     33,800       33,791  
BASF AG 2.00% due 2/10/20092
     28,200       28,186  
KfW 0.21% due 3/11/20092
     25,000       24,994  
BNP Paribas Finance Inc. 0.67% due 4/7/2009
     25,000       24,956  
Bank of Nova Scotia 1.34% due 2/13/2009
     20,750       20,737  
Shell International Finance BV 0.23%–0.30% due 3/18–4/30/20092
     16,700       16,689  
Calyon North America Inc. 1.68% due 2/10/2009
     14,000       13,993  
Private Export Funding Corp. 1.25% due 2/3/20092
     11,000       10,998  
Ciesco LLC 0.30% due 2/10/20092
     7,100       7,099  
Nestlé Capital Corp. 0.65% due 2/11/20092
     2,700       2,699  
                 
                 
Total short-term securities (cost: $1,143,450,000)
             1,143,467  
                 
Total investment securities (cost: $12,208,361,000)
             9,049,082  
Other assets less liabilities
             6,327  
                 
Net assets
           $ 9,055,409  

“Miscellaneous” securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

 
1 Valued under fair value procedures adopted by authority of the board of directors. The total value of all such securities, including those in “Miscellaneous,” was $4,968,876,000, which represented 54.87% of the net   assets of the fund.
 2 Purchased in a transaction exempt from registration under 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 $429,058,000, which represented 4.74% of the net assets of the fund.
 3 Security did not produce income during the last 12 months.
4 Purchased in a transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below.
  


 
Acquisition
date(s)
  
Cost
(000)
    
Value
(000)
    
Percent of
net assets
  
                     
Niko Resources Ltd.
2/1/2007–7/23/2007
   $ 38,291     $ 20,365       .22 %
Aricom PLC
5/11/2007
     32,746       7,382       .08  
Aricom PLC, warrants, expire 2010
5/11/2007
     3,143       144       —  
                           
Total restricted securities
     $ 74,180     $ 27,891       .30 %
 
5 The fund owns 5% or more of the outstanding voting shares of this company. See the table below for additional information.
6 Index-linked bond whose principal amount moves with a government retail price index.
7 Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
8 Payment in kind; the issuer has the option of paying additional securities in lieu of cash.
9 Coupon rate may change periodically.

Key to abbreviations
    
     
ADR = American Depositary Receipts
COP = Colombian pesos
MXN = Mexican pesos
GDR = Global Depositary Receipts
CZK = Czech korunas
MYR = Malaysian ringgits
ARS = Argentine pesos
EGP = Egyptian pounds
PLN = Polish zloty
BRL = Brazilian reais
HUF = Hungarian forints
TRY = New Turkish liras


 
Investments in affiliates

A company is considered to be an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares of that company. Further details on these holdings and related transactions during the three months ended January 31, 2009, appear below.
 
   
Beginning shares
    
Additions
    
Reductions
    
Ending shares
    
Dividend
 income
(000)
    
Value
of affiliates
at 1/31/09
(000)
  
   
 
                                
OJSC Pharmstandard (GDR)
     7,452,949       —       —       7,452,949     $ —     $ 51,683  
OJSC Pharmstandard (GDR)
     392,700       —       —       392,700       —       2,723  
                                                 
                                    $ —     $ 54,406  
 
 

Disclosure of fair value measurements

The fund adopted the Statement of Financial Accounting Standards No. 157 (“FAS 157”), Fair Value Measurements, on November 1, 2008. FAS 157 requires the fund to classify its assets and liabilities into three levels based on the method 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. Level 3 values are based on significant unobservable inputs that reflect the fund’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 generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of January 31, 2009 (dollars in thousands):


   
Investment
securities
    
Forward
currency
contracts
  
             
Level 1 — Quoted prices
   $ 1,834,912        
Level 2 — Other significant observable inputs
     7,191,351 *   $ 900 †
Level 3 — Significant unobservable inputs
     22,819          
Total
   $ 9,049,082          

*Includes certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading; therefore, $4,784,383,000 of investment securities were classified as Level 2 instead of Level 1.
  
†Forward currency contracts are not included in the investment portfolio.


The following table reconciles the valuation of the fund’s Level 3 investment securities and related transactions during the three months ended January 31, 2009 (dollars in thousands):


   
Level 3
investment
securities
  
       
Beginning value at 11/1/2008
   $ 33,275  
Net transfers out of Level 3
     (10,456 )
Ending value at 1/31/2009
   $ 22,819  

 


Federal income tax information
  
(dollars in thousands)
  
       
Gross unrealized appreciation on investment securities
   $ 607,751  
Gross unrealized depreciation on investment securities
     (3,807,474 )
Net unrealized depreciation on investment securities
     (3,199,723 )
Cost of investment securities for federal income tax purposes
     12,248,805  


 
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so you may lose money.

Investors should carefully consider the investment objectives, risks, charges and expenses of the American Funds. This and other important information is contained in each fund’s prospectus, which can be obtained from your financial professional and should be read carefully before investing.
 
 
 
 
 
 
MFGEFP-936-0309O-S15828
 
 
ITEM 2 – Controls and Procedures

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), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.


ITEM 3 – Exhibits

The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 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/ Gina H. Despres
 
Gina H. Despres, Vice Chairman and
Principal Executive Officer
 
   
 
Date: March 31, 2009



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/ Gina H. Despres
Gina H. Despres, Vice Chairman and
Principal Executive Officer
 
Date: March 31, 2009



By /s/ Bryan K. Nielsen
Bryan K. Nielsen, Treasurer and
Principal Financial Officer
 
Date: March 31, 2009
 
 EX-99.CERT 2 nwf_cert302.htm CERT302 Unassociated Document

[logo - American Funds®]
New World Fund, Inc.
333 South Hope Street
Los Angeles, California 90071
Phone (213) 486-9200


CERTIFICATION

I, Gina H. Despres, certify that:

1.
I have reviewed this report on Form N-Q 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 schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which this report is filed;
   
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:
   
 
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;
   
 
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;
   
 
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
   
 
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter 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):
   
 
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
   
 
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: March 31, 2009

/s/ Gina H. Despres
Gina H. Despres, Vice Chairman and
Principal Executive Officer
New World Fund, Inc.

 
 
 

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New World Fund, Inc.
333 South Hope Street
Los Angeles, California 90071
Phone (213) 486-9200


CERTIFICATION

I, Bryan K. Nielsen, certify that:

1.
I have reviewed this report on Form N-Q 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 schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which this report is filed;
   
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:
   
 
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;
   
 
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;
   
 
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
   
 
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter 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):
   
 
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
   
 
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: March 31, 2009

/s/ Bryan K. Nielsen
Bryan K. Nielsen, Treasurer and
Principal Financial Officer
New World Fund, Inc.
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