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 R1 RNPAX
- NAV / 1-Day Return 52.92 / −1.12 %
- Total Assets 129.9 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.510%
- Distribution Fee Level Average
- Share Class Type Retirement, Small
- Category Global Large-Stock Growth
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.47%
- Turnover 17%
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0
Morningstar’s Analysis RNPAX
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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 22.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Capital Group Central Cash Fund | 4.48 | 6.1 Bil | Cash and Equivalents |
Microsoft Corp | 3.79 | 5.2 Bil | Technology |
Meta Platforms Inc Class A | 3.35 | 4.6 Bil | Communication Services |
Novo Nordisk A/S Class B | 2.74 | 3.7 Bil | Healthcare |
Broadcom Inc | 2.35 | 3.2 Bil | Technology |
Taiwan Semiconductor Manufacturing Co Ltd | 2.28 | 3.1 Bil | Technology |
Fujitsu Ltd | 2.15 | 2.9 Bil | Technology |
Tesla Inc | 1.58 | 2.1 Bil | Consumer Cyclical |
Eli Lilly and Co | 1.51 | 2.1 Bil | Healthcare |
AstraZeneca PLC | 1.42 | 1.9 Bil | Healthcare |