American Funds’ parent Capital Group announced that veteran manager Jonathan Knowles will step off American Funds New Perspective on Jan. 2, 2024, and retire from the firm on April 1, 2024. Knowles has spent 18 of his 31 years at Capital Group managing this strategy. In November, Anne-Marie Peterson and Kohei Higashi will officially join the management team, bringing the total number of named managers to 11. While Knowles’ retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy’s High People rating or its Morningstar Medalist Ratings.
American Funds New Perspective 529-F-2 FFPNX
- NAV / 1-Day Return 61.70 / +0.03 %
- Total Assets 137.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.530%
- Distribution Fee Level Low
- Share Class Type No Load
- Category Global Large-Stock Growth
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield —
- Turnover 17%
USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 9:56 PM GMT+0
Morningstar’s Analysis FFPNX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 22.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Capital Group Central Cash Fund | 4.50 | 6.1 Bil | Cash and Equivalents |
Microsoft Corp | 3.85 | 5.2 Bil | Technology |
Meta Platforms Inc Class A | 3.32 | 4.5 Bil | Communication Services |
Novo Nordisk A/S Class B | 2.94 | 4.0 Bil | Healthcare |
Taiwan Semiconductor Manufacturing Co Ltd | 2.54 | 3.5 Bil | Technology |
Broadcom Inc | 2.39 | 3.3 Bil | Technology |
Eli Lilly and Co | 1.56 | 2.1 Bil | Healthcare |
AstraZeneca PLC | 1.52 | 2.1 Bil | Healthcare |
NVIDIA Corp | 1.45 | 2.0 Bil | Technology |
Tesla Inc | 1.37 | 1.9 Bil | Consumer Cyclical |