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 529E CNPEX
NAV / 1-Day Return
59.65
/
0.70
%
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.
1.020%
Expense Ratio
1.020%
Fee Level
Low
Longest Manager Tenure
20.24
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.
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The Challenge of American Funds New Perspective’s Big Tesla Position
