New Perspective Fund®

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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% (241 out of 241) of rolling monthly 10-year periods over the past 30 years) ended December 31, 2022.* ‡

A 49-year legacy of success

Bar chart shows the hypothetical lifetime value of $10,000 investments: New Perspective Fund, $3,047,394; NPF Historical Benchmarks Index, $509,001; MSCI All Country World Index (reference footnote †), $563,885; and Morningstar Global Large-Stock Growth (reference footnote ‡), $1,254,376.
Value of hypothetical $10,000 investments since the fund began on March 13, 1973, through December 31, 2022.

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 (%, 1974-2022)‡ §

Bar charts show the average calendar-year excess return over the global stock market from 1974 to 2022. In the 26 years when U.S. stocks led: New Perspective Fund, 4.87%; peers, 4.49%. 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, 0.41%; Morningstar fee- level peer group median, 0.75%.
RECOGNITION
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Morningstar Analyst RatingTM

of Gold†† 

A “most used” defined

 contribution plan international/

global equity fund‡‡

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Morningstar

“Thrilling 30” fund§§

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* 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 December 31, 2022.

 

††As of July 3, 2023, based on Class R-6 shares.

 

‡‡Source: “Mutual funds most used by DC plans, by asset class 2022,” Pensions & Investments, November 2, 2022, based on assets as of June 30, 2022, International/global equity category.


§§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, 2022, 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 Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar's manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category | Morningstar Analyst and Quantitative Rating Morningstar Essentials 31 peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group's expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group's overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx. The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group's expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.
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 may 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.
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When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower and net expenses higher. Please refer to capitalgroup.com for more information. Read details about how waivers and/or reimbursements affect the results for each fund. View results and yields without fee waiver and/or expense reimbursement.
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. When applicable, returns for less than one year are not annualized, but calculated as cumulative total returns.
  2. Expense ratios are as of each fund's prospectus available at the time of publication.
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