American Funds New Perspective R3
RNPCX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071-1447 Los Angeles CA United States of America
- IPO Date
- Jun 4, 2002
- CIK
- 0000071516
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds New Perspective Fund R-3 (RNPCX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in common stocks of companies benefiting from evolving global trade patterns, economic shifts, and political relationships; it maintains a diversified portfolio typically comprising 53.8% U.S. equities, 43.1% non-U.S. equities, and smaller allocations to cash equivalents, with no fixed-income holdings. The fund emphasizes large-cap growth stocks across sectors including information technology (24.5%), industrials (14.4%), consumer discretionary (13.1%), financials (12.2%), and health care (12.0%), targeting issuers domiciled worldwide with geographic exposure to the United States (55.5%), Europe & Middle East (26.8%), Canada (3.6%), Japan (3.8%), and emerging markets (8.7%); it is managed by a team at Capital Research and Management Company, including Robert Lovelace (since 2000), Steven Watson, Joanna Jonsson, Brady Enright, Noriko Chen, Andraz Razen, Barbara Burtin, Patrice Collette, Anne-Marie Peterson, and Kohei Higashi. Launched on March 13, 1973, and headquartered in Los Angeles, California, the Class R-3 share class (CUSIP 648018851, Fund Number 2307) caters to retirement plans and institutional investors with a net expense ratio of 1.05% (including 0.36% management fee, 0.50% 12b-1 fee, and 0.19% other expenses), minimum initial investment of $250, and daily pricing. As of October 31, 2025, the fund manages $164.65 billion in assets across over 276 companies and 20,453 shareholder accounts, with a 2025 portfolio turnover of 23% and annual distributions paid in December, including a 2024 year-to-date total of $2.9776 per share ($0.1585 income dividend and $2.8191 long-term capital gain). Recent developments include a prospectus update dated December 1, 2025, reflecting ongoing portfolio adjustments amid market volatility, sustained strong year-to-date performance of 19.81% through December 11, 2025, in the global large-stock growth category, and consistent Morningstar ratings across 3-, 5-, and 10-year periods among 189-302 peers, underscoring no major structural changes such as acquisitions, new share classes, or managerial shifts within the last 1-2 years.