New Perspective Fund®

Read important investment disclosures
DEFINED CONTRIBUTION FOCUS FUNDS

A global strategy focused on multinational firms with strong growth prospects

Better results

The value of a hypothetical lifetime investment in New Perspective Fund would have been more than five times that of both the NPF Historical Benchmarks Index and the MSCI All Country World Index. The fund beat its peers in 100% (250 out of 250) of rolling monthly 10-year periods over the past 30 years ended December 31, 2023.* ‡

A 50-year legacy of success

Bar chart shows the hypothetical lifetime value of $10,000 investments: New Perspective Fund (reference footnote1), 3,809,544; NPF Historical Benchmarks Index (reference footnote*), $622,009; MSCI All Country World Index (reference footnote †), $689,078; and Morningstar Global Large-Stock Growth (reference footnote ‡), $1,560,526.
Value of hypothetical $10,000 investments since the fund began on March 13, 1973, through December 31, 2023.

Strength in diverse environments

The fund’s global flexibility has enabled it to outpace its peers historically both when the U.S. led international markets and when international led U.S. markets.‡ §

Average calendar-year excess return over the global stock market (%, 1974-2023)‡ §

Bar charts show the average calendar-year excess return over the global stock market from 1974 to 2023. In the 27 years when U.S. stocks led: New Perspective Fund, 4.74%; peers, 4.32%. And in the 23 years when international stocks led: New Perspective Fund, 1.45%; peers, -1.14%.

Low fees

The fund’s expense ratio was significantly lower than the median for its peer group.**2

Expense ratio** 2

Bar chart compares expense ratios: New Perspective Fund, 0.42%; Morningstar fee-level peer group median, 0.76%.
RECOGNITION
Morningstar

Morningstar Medalist RatingTM

of Gold†† 

Analyst-driven 100%

Data coverage 100%

Morningstar

Morningstar

“Thrilling 30” fund‡‡

Want to learn more about the fund?

SEE FUND DETAILS

We're here to help

Our dedicated retirement plan sales support can help you win and retain plans.

(800) 421-9900

* New Perspective Fund Historical Benchmarks Index returns reflect the results of the MSCI World Index from 03/13/1973 through 09/30/2011 and the MSCI All Country World Index, the fund’s current primary benchmark, thereafter. MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results of developed markets. The index consists of more than 20 developed market country indexes, including the United States. MSCI All Country World Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results in the global developed and emerging markets. The index consists of more than 40 developed and emerging market country indexes. Results reflect dividends net of withholding taxes. These indexes are unmanaged, and their results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

†The MSCI ACWI Index began after the fund’s inception. From March 13, 1973, through December 31, 1987, the MSCI World Index was used. MSCI All Country World Index (ACWI) is a free float-adjusted market capitalization weighted index that is designed to measure equity market results in the global developed and emerging markets, consisting of more than 40 developed and emerging market country indexes. Results reflect dividends gross of withholding taxes through December 31, 2000, and dividends net of withholding taxes thereafter. MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results of developed markets. Results reflect dividends net of withholding taxes. These indexes are unmanaged, and their results include reinvested dividends and/ or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

 

‡Morningstar Global Large-Stock Growth portfolios primarily invest in international stocks that are projected to grow faster than other global large-cap stocks. Global large-stock growth portfolios have few geographical limitations. They typically invest the majority of their assets in developed markets and maintain at least a 20% absolute U.S. exposure. The Morningstar category average includes all share classes for the funds in the category. While American Funds Class R-6 shares do not include fees for financial professional compensation and third-party service provider payments, the share classes represented in the Morningstar category have varying fee structures and can include these and other fees and charges resulting in higher expenses and lower results than American Funds Class R-6 shares.

 

§ Source: Capital Group, based on data from Morningstar since 1974, the first complete calendar year after the fund began on March 13, 1973. The fund’s Morningstar category is World Large-Stock Growth. Global stock market represented by MSCI World Index. Years when U.S. stocks led were those in which the S&P 500’s cumulative return exceeded the MSCI EAFE Index’s cumulative return. Years when international stocks led were those in which the MSCI EAFE Index’s cumulative return exceeded the S&P 500’s cumulative return. MSCI EAFE® (Europe, Australasia, Far East) Index is a free float-adjusted market capitalization weighted index that is designed to measure developed equity market results, excluding the United States and Canada. Results reflect dividends net of withholding taxes. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.
 

**The fund’s Class R-6 expense ratio is as of the most recent prospectus available at the time of publication. The peer group expense ratio median was calculated based on funds in the following Morningstar Fee Level Group — Distribution category: World Stock Retirement, Large, as of March 31, 2024.

 

††As of June 24, 2024, based on Class R-6 shares.

 

‡‡Source: Morningstar, "The Thrilling 30" by Russel Kinnel, September 29, 2023. Morningstar's screening took into consideration expense ratios, manager ownership, returns over manager's tenure, and Morningstar Risk, Medalist and Parent ratings. The universe was limited to share classes accessible to individual investors with a minimum investment no greater than $50,000, did not include funds of funds, and must be rated by Morningstar analysts. Class A shares were evaluated for American Funds. Visit morningstar.com for more details.

 

Unless otherwise indicated, data is as of December 31, 2023, and fund data is for Class R-6 shares.

 

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. Prices and returns will vary, so investors may lose money. View mutual fund expense ratios and returns.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
The Morningstar Medalist Rating™ is the summary expression of Morningstar's forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar's conviction in those products' investment merits and determines the Medalist Rating they're assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst's qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/. The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
Capital Group offers a range of share classes designed to meet the needs of retirement plan sponsors and participants. The different share classes incorporate varying levels of financial professional compensation and service provider payments. Because Class R-6 shares do not include any recordkeeping payments, expenses are lower and results are higher. Other share classes that include recordkeeping costs have higher expenses and lower results than Class R-6.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
Certain share classes were offered after the inception dates of some funds. Results for these shares prior to the dates of first sale are hypothetical based on the original share class results without a sales charge, adjusted for typical estimated expenses. 
  • Class R-6 shares were first offered on 5/1/2009.
Results for certain funds with an inception date after the share class inception also include hypothetical returns because those funds' shares sold after the funds' date of first offering. View dates of first sale and specific expense adjustment information.
  1. Calculated by Capital Group. Due to differing calculation methods, the figures shown here may differ from those calculated by Morningstar.
  2. Expense ratios are as of each fund's prospectus/characteristics statement available at the time of publication.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
© 2024 Morningstar, Inc. All Rights Reserved. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar, its content providers nor Capital Group are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Information is calculated by Morningstar. Due to differing calculation methods, the figures shown here may differ from those calculated by Capital Group.