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.
Will NPFFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NPFFX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the NPFFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of NPFFX’s parent organization’s priorities and whether they’re in line with investors’ interests.