Firm veterans Barbara Burtin and Patrice Collette will officially join American Funds New Perspective’s management team in December 2021, bringing the total number of named managers to nine. Their addition doesn’t alter the strategy’s Morningstar Analyst Ratings range of Gold to Silver across its 19 share classes, but it does illustrate how American Funds’ parent Capital Group stays focused on developing the next generation of investment talent.
American Funds New Perspective 529E CNPEX
NAV / 1-Day Return
60.38
/
0.56
%
Total Assets
139.3 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.
1.010%
Expense Ratio
1.010%
Fee Level
Low
Longest Manager Tenure
21.14
years
Category
World Large-Stock Growth
Investment Style
Large GrowthMin. Initial Investment
250
Status
Open
TTM Yield
0.05%
Turnover
22%
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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.
Will CNPEX outperform in future?
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 CNPEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CNPEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CNPEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Two Newly Disclosed Managers on American Funds New Perspective; Ratings Unchanged
