American Funds New Perspective 529A (CNPAX)
| Fund Assets | 155.84B |
| Expense Ratio | 0.79% |
| Min. Investment | $250 |
| Turnover | 24.00% |
| Dividend (ttm) | 3.17 |
| Dividend Yield | 4.33% |
| Dividend Growth | 6.41% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2024 |
| Previous Close | 70.29 |
| YTD Return | 15.50% |
| 1-Year Return | 21.15% |
| 5-Year Return | 74.65% |
| 52-Week Low | 53.43 |
| 52-Week High | 70.49 |
| Beta (5Y) | n/a |
| Holdings | 279 |
| Inception Date | Feb 15, 2002 |
About CNPAX
American Funds New Perspective Fund 529-A is a globally diversified mutual fund designed to capitalize on evolving international trade patterns and the growth potential of multinational companies. Managed by Capital Group, the fund primarily invests in common stocks across both U.S. and non-U.S. equities, typically allocating around 55% to U.S. companies and 42% to non-U.S. firms. Its sector exposures are notably broad, with significant weightings in information technology, industrials, health care, consumer discretionary, and financials. The fund's strategy emphasizes identifying companies poised to benefit from economic and political shifts worldwide, aiming for long-term capital growth rather than immediate income. With over 260 holdings and a portfolio turnover rate around 22-24%, it maintains a balanced approach between active management and stability. The fund's consistent focus on multinational giants, along with its long-standing track record and substantial asset base, underscores its significant role within the global large-cap growth segment, making it a popular choice for investors seeking diversified exposure to leading companies worldwide through a 529 college savings vehicle.
Performance
CNPAX had a total return of 21.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.06%.
Top 10 Holdings
25.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Meta Platforms, Inc. | META | 4.37% |
| Microsoft Corporation | MSFT | 3.61% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 3.11% |
| Broadcom Inc. | AVGO | 2.98% |
| Capital Group Central Cash Fund | n/a | 2.76% |
| Tesla, Inc. | TSLA | 2.21% |
| Netflix, Inc. | NFLX | 2.07% |
| NVIDIA Corporation | NVDA | 1.83% |
| Vertex Pharmaceuticals Incorporated | VRTX | 1.31% |
| Eli Lilly and Company | LLY | 1.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2024 | $3.1659 | Dec 20, 2024 |
| Dec 14, 2023 | $2.9751 | Dec 15, 2023 |
| Dec 15, 2022 | $1.9535 | Dec 16, 2022 |
| Dec 16, 2021 | $4.6293 | Dec 17, 2021 |
| Dec 17, 2020 | $2.487 | Dec 18, 2020 |
| Dec 20, 2019 | $1.7099 | Dec 23, 2019 |