Fund Evaluator:

American Funds New Perspective F-2 Overview

American Funds New Perspective F-2 (ANWFX) is an actively managed International Equity Global Large-Stock Growth fund. Capital Group launched the fund in 2008.

The investment seeks long-term growth of capital. The fund seeks to take advantage of investment opportunities generated by changes in global trade patterns and economic and political relationships by investing in common stocks of companies located around the world. In pursuing its investment objective, it invests primarily in common stocks that the investment adviser believes have the potential for growth.

About American Funds New Perspective F-2 (ANWFX)

There are 10 members of the management team with an average tenure of 11.96 years: Brady Enright (2005), Noriko Chen (2012), Patrice Collette (2018), Anne-Marie Peterson (2020), Aline Avzaradel (2025), Andraz Razen (2015), Barbara Burtin (2018), Kohei Higashi (2020), Robert Lovelace (2000), Steven Watson (2005). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. American Funds New Perspective F-2 has 282 securities in its portfolio. The top 10 holdings constitute 27.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Funds New Perspective F-2 is part of the Equity global asset class and is within the International Equity fund group. American Funds New Perspective F-2 has 44.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.4%. There is 44.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Funds New Perspective F-2 has 2.2% of the portfolio in cash.

Assets Under Management

The fund has $23 billion in total assets, which is above the $988 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ANWFX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Funds New Perspective F-2 expense ratio is average compared to funds in the Global Large-Stock Growth category. American Funds New Perspective F-2 has an expense ratio of 0.51%, which is 54% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Funds New Perspective F-2 has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, American Funds New Perspective F-2 returned -1.9%, which earned it a grade of C, as the Global Large-Stock Growth category had an average return of -2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Funds New Perspective F-2 has a trailing yield of 1.17%, which is above the 0.27% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Funds New Perspective F-2 Grades

Year to date, the fund has returned 5.0%, 1.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 12.9% over the past year (grade of C), 15.6% over the past three years (grade of B) and 7.9% per year over the past five years (grade of B) and 13.1% per year over the past 10 years (grade of B).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about American Funds New Perspective F-2, including its riskiness, submit your email to unlock the rest of the article.