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.
- NAV / 1-Day Return 51.39 / 0.21 %
- Total Assets 120.8 Bil
-
Adj. Expense Ratio
1.510%
- Expense Ratio 1.510%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Small
- Category Global Large-Stock Growth
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.05%
- Turnover 21%
Morningstar’s Analysis RNPAX
Will RNPAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 286
- Bond Holdings 0
- Other Holdings 41
- % Assets in Top 10 Holdings 22.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Capital Group Central Cash Fund
1.24
1,426,235,403
Cash and Equivalents