American Funds New Perspective Fund (ANWPX) Class A

American Funds is among the top 3 largest mutual fund families in the U.S. It has several funds with large asset. American Funds New Perspective is one the best international equity fund. This fund's review can be found below.

American Funds New Perspective - Ticker: ANWPX

As part of world stock fund, the American Funds New Perspective fund is seeking capital appreciation and income. The fund mainly invests in companies stocks located around the world to take advantage of investment opportunities generated by changes in international trade patterns and economic and political relationships. To achieve its primary investment objective, this American Funds invests primarily in common stocks that the investment adviser believes have the potential for growth. In pursuing its secondary objective, the fund invests in common stocks of companies with the potential to pay dividends in the future.

ANWPX Fund Details

American Funds ANWPX fund details

• Fund Inception Date: March 13, 1973
• Ticker Symbol: ANWPX (Class A)
• CUSIP: 648018109
• Net Assets: $46.8 billion
• Beta (3yr): 0.84 
• Rank in category (YTD): 59
• Category: Large Growth
• Dividend Yield: 0.97%
• Expense Ratio: 0.79%
• Sales Load: 5.75%
• Capital Gains: N/A           
• Number of Years Up: 31 years     
• Number of Years Down: 6 years
• Turnover: 24%

Updated on July 11th, 2011

As typical American Funds fund, this New Perspective fund also has a sales load hence it is a load fund. The front end sales load is 5.75%. The fund’s expense ratio is 0.79% per year. The fund has been managed by Gregg T. Ireland since 1992. The fund total net assets are $46.8 billion. This fund is classified as world stock fund.

Morningstar has rated four stars rating for this American Funds New Perspective fund. Based on load adjusted return, this ANWPX fund has returned 22.23% over the past year and 4.42% over the past five year. The fund has its best performance year in 1999 with 40.07%. Its worst performance return occurred in 2008 with -37.83%. The past 5 years performance is listed below:

• Year 2010: 12.76%
• Year 2009: 37.43%
• Year 2008: -37.83%
• Year 2007: 16.04%
• Year 2006: 19.87%

To invest in this fund, investor will need only $250 minimum balance for your regular brokerage account as well as retirement account (IRA) investment. This fund is available to many investors. Investors can purchase this fund through 74 brokerages. Please check with your brokerage account for details about this fund. This fund also has other classes such as:

• Class B shares – NPFBX
• Class C shares –NPFCX
• Class F1 shares – NPFFX
• Class F2 shares – ANWFX
• Class R1 shares – RNPAX
• Class R2 shares – RNPBX
• Class R3 shares – RNPCX
• Class R4 shares – RNPEX
• Class R5 shares – RNPFX
• Class R6 shares – RNPGX
• Class 529-A shares – CNPAX
• Class 529-B shares – CNPBX
• Class 529-C shares – CNPCX
• Class 529-F1 shares – CNPFX

The American Funds New Perspective R6 fund has the lowest expense ratio with 0.46%. This fund also doesn't have any sales load.

The fund’s primary portfolio consists of large growth stocks. As of April 2011, this fund’s assets are allocated as follow: 58.3% in Non US Equities, 35.9% in U.S. equities, and 5.8% in cash & equivalents. The top 10 largest industry holdings are Pharmaceuticals (8.2%), oil gas & consumable fuels, semiconductors & semiconductor equipment, metal & mining, beverages, commercial banks, chemicals, insurance, diversified financial services, and automobiles (2.6%). The top 10 largest equity holdings for this fund include Novo Nordisk (Denmark), EMC (United States), Amazon.com (United States), Texas Instruments (US), British American Tobacco (United Kingdom), America Movil (Mexico), Naspers (South Africa), Newmont Mining (United States), Barrick Gold (Canada), and Schneider Electric (France).

Disclosure: No Position