About CNPEX
The American Funds New Perspective Fund Class 529-E is a globally diversified mutual fund designed to achieve long-term capital growth. Its primary function is to capitalize on investment opportunities arising from shifts in international trade patterns, economic relationships, and the evolving landscape of multinational business. The fund invests primarily in large, established companies with significant global operations, distributing assets across both U.S. and non-U.S. equities—typically maintaining a nearly equal balance between them. This approach helps the fund navigate and benefit from both domestic and international market cycles.
The portfolio emphasizes sectors such as information technology, industrials, health care, consumer discretionary, and financials, reflecting a focus on industries that drive global economic change. The fund is widely used within 529 college savings plans, catering to investors seeking long-term growth potential while saving for education expenses. With a robust history dating back to 1973 and a disciplined, research-driven process, the fund plays a significant role in the global large-cap growth category, providing investors with exposure to leading multinational companies and helping them diversify across global markets.
Fund Family American Funds
Category World Large-Stock Growth
Stock Exchange NASDAQ
Ticker Symbol CNPEX
Share Class Class 529-e
Index MSCI AC World NR USD
CNPEX had a total return of 15.66% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.64%.