American Funds New Perspective 529A (CNPAX)

American Funds New Perspective Fund 529-A is a globally diversified mutual fund designed to capitalize on evolving international trade patterns and the growth potential of multinational companies. Managed by Capital Group, the fund primarily invests in common stocks across both U.S. and non-U.S. equities, typically allocating around 55% to U.S. companies and 42% to non-U.S. firms. Its sector exposures are notably broad, with significant weightings in information technology, industrials, health care, consumer discretionary, and financials. The fund's strategy emphasizes identifying companies poised to benefit from economic and political shifts worldwide, aiming for long-term capital growth rather than immediate income. With over 260 holdings and a portfolio turnover rate around 22-24%, it maintains a balanced approach between active management and stability. The fund's consistent focus on multinational giants, along with its long-standing track record and substantial asset base, underscores its significant role within the global large-cap growth segment, making it a popular choice for investors seeking diversified exposure to leading companies worldwide through a 529 college savings vehicle.