American Funds New Perspective’s stake in the polarizing electric carmaker Tesla TSLA grew from 3.65% in June to 7.3% in August, 2.5 percentage points larger than its next-biggest holding. That positioning does not alter its Morningstar Analyst Rating, but it does warrant close monitoring.
American Funds New Perspective 529C CNPCX
NAV / 1-Day Return
59.39
/
2.52
%
Total Assets
130.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.560%
Expense Ratio
1.560%
Fee Level
Low
Longest Manager Tenure
20.25
years
Category
World Large Stock
Investment Style
Large GrowthMin. Initial Investment
250
Status
Open
TTM Yield
0.00%
Turnover
26%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CNPCX’s performance objective and investment process is for both security selection and portfolio construction.
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The Parent Pillar is our rating of CNPCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Challenge of American Funds New Perspective’s Big Tesla Position
