N-Q 1 npf_nq.htm N-Q N-Q
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company

Investment Company Act File Number: 811-02333



New Perspective Fund, Inc.
(Exact Name of Registrant as specified in charter)

333 South Hope Street,
Los Angeles, California 90071
(Address of principal executive offices)




Registrant's telephone number, including area code: (213) 486-9200

Date of fiscal year end: September 30

Date of reporting period: June 30, 2006





Vincent P. Corti
Capital Research and Management Company
333 South Hope Street
Los Angeles, California 90071
(name and address of agent for service)


Copies to:
Mark D. Perlow
Kirkpatrick & Lockhart Nicholson Graham LLP
Four Embarcadero Center, 10th Floor
San Francisco, CA 94111
(Counsel for the Registrant)



ITEM 1 - Schedule of Investments

 
 
[logo - American Funds®]

New Perspective Fund®
Investment portfolio

June 30, 2006
 

   
unaudited
     
   
Market value
Common stocks — 90.00%
Shares
(000)
     
INFORMATION TECHNOLOGY — 15.55%
   
Taiwan Semiconductor Manufacturing Co. Ltd.
323,587,686
$584,465
Taiwan Semiconductor Manufacturing Co. Ltd. (ADR)
13,017,528
119,501
Samsung Electronics Co., Ltd.
951,650
605,009
Microsoft Corp.
23,875,000
556,287
Applied Materials, Inc.
25,595,000
416,687
Hon Hai Precision Industry Co., Ltd.
56,399,803
348,868
Cisco Systems, Inc.1 
16,405,000
320,390
Oracle Corp.1
21,327,800
309,040
Murata Manufacturing Co., Ltd.
4,579,200
297,382
Google Inc., Class A1 
642,500
269,419
ASML Holding NV1
6,470,000
130,935
ASML Holding NV (New York registered)1
6,313,000
127,649
Nintendo Co., Ltd.
1,375,500
230,833
International Business Machines Corp.
2,987,000
229,461
Yahoo! Inc.1
6,900,000
227,700
Corning Inc.1
7,500,000
181,425
Texas Instruments Inc.
5,950,000
180,225
Motorola, Inc.
8,110,000
163,416
Nokia Corp. (ADR)
4,134,634
83,768
Nokia Corp.
3,065,416
62,505
Hynix Semiconductor Inc.1
3,578,760
116,023
Hynix Semiconductor Inc. (GDR)1,2
630,000
20,223
Hoya Corp.
3,731,600
132,747
Rohm Co., Ltd.
1,379,000
123,304
Chi Mei Optoelectronics Corp.
108,381,266
120,506
Canon, Inc.
2,417,550
118,543
SAP AG
554,500
116,891
Hewlett-Packard Co.
3,655,000
115,790
Molex Inc.
3,340,000
112,124
AU Optronics Corp. (ADR)
7,630,000
108,651
Elpida Memory, Inc.1 
2,720,000
102,229
Micron Technology, Inc.1 
6,740,000
101,504
Altera Corp.1
4,725,000
82,924
Sun Microsystems, Inc.1 
18,926,300
78,544
Tokyo Electron Ltd.
992,100
69,372
Agilent Technologies, Inc.1 
2,030,880
64,095
Flextronics International Ltd.1 
6,000,000
63,720
Advanced Micro Devices, Inc.1
2,300,000
56,166
Hitachi, Ltd.
7,500,000
49,559
Cadence Design Systems, Inc.1
2,750,000
47,162
NEC Corp.
6,774,100
36,117
Nortel Networks Corp.1
16,000,000
35,840
KLA-Tencor Corp.
615,897
25,603
TDK Corp.
275,000
20,912
Xilinx, Inc.
800,000
18,120
   
7,381,634
     
FINANCIALS — 13.68%
   
Société Générale
3,610,741
530,505
ING Groep NV
13,282,651
521,485
Erste Bank der oesterreichischen Sparkassen AG
9,037,096
508,015
Allianz AG
3,209,000
506,410
Citigroup Inc.
6,851,677
330,525
Mitsubishi UFJ Financial Group, Inc.
23,549
329,328
Mizuho Financial Group, Inc.
37,300
315,914
American International Group, Inc.
5,256,250
310,382
UniCredito Italiano SpA (Germany)
34,899,500
271,984
UniCredito Italiano SpA (Italy)
2,085,160
16,312
HSBC Holdings PLC (United Kingdom)
15,645,953
274,965
DBS Group Holdings Ltd.
20,550,000
235,013
Banco Santander Central Hispano, SA
14,233,764
207,673
Macquarie Bank Ltd.
3,580,000
183,462
Commerzbank U.S. Finance, Inc.
4,900,000
178,041
DEPFA BANK PLC
10,208,070
169,022
Royal Bank of Scotland Group PLC
4,920,775
161,597
BNP Paribas
1,622,230
155,131
UBS AG
1,279,603
140,007
Bank of Nova Scotia
3,300,000
130,758
Credit Suisse Group
2,225,640
124,303
XL Capital Ltd., Class A
1,950,000
119,535
J.P. Morgan Chase & Co.
2,400,000
100,800
Royal Bank of Canada
2,479,000
100,671
Westpac Banking Corp.
5,060,444
87,495
QBE Insurance Group Ltd.
5,218,492
79,453
Groupe Bruxelles Lambert SA
675,000
70,629
Sompo Japan Insurance Inc.
4,912,000
68,693
Sumitomo Mitsui Financial Group, Inc.
6,300
66,629
Crédit Agricole SA
1,563,000
59,407
Willis Group Holdings Ltd.
1,550,000
49,755
Westfield Group
3,635,219
46,789
Bank of America Corp.
500,000
24,050
Manulife Financial Corp.
600,000
19,016
   
6,493,754
     
CONSUMER DISCRETIONARY — 9.39%
   
News Corp., Class A
16,162,944
310,005
News Corp., Class B
3,220,000
64,980
Hyundai Motor Co.
4,128,530
350,831
Toyota Motor Corp.
5,625,000
294,500
Vivendi SA
6,194,200
216,836
Honda Motor Co., Ltd.
6,650,000
210,991
Esprit Holdings Ltd.
25,114,000
205,015
Compagnie Générale des Etablissements Michelin, Class B
3,298,000
198,036
Industria de Diseno Textil, SA
4,671,100
196,818
Viacom Inc., Class B1 
5,470,000
196,045
Starbucks Corp.1
4,750,000
179,360
Porsche AG, nonvoting preferred
162,000
156,423
Renault SA
1,414,000
151,748
H & M Hennes & Mauritz AB, Class B
3,778,000
146,367
Ford Motor Co.
20,466,600
141,834
Carnival Corp., units
3,250,000
135,655
Kingfisher PLC
29,721,981
130,928
Grupo Televisa, SA, ordinary participation certificates (ADR)
5,265,600
101,679
Time Warner Inc.
5,750,000
99,475
Discovery Holding Co., Class A1
6,600,900
96,571
International Game Technology
2,427,000
92,080
Bridgestone Corp.
4,535,100
87,404
MGM Mirage, Inc.1
2,000,000
81,600
Lagardère Groupe SCA
1,100,000
81,089
Walt Disney Co.
2,500,000
75,000
Suzuki Motor Corp.
3,360,000
72,686
Sony Corp.
1,500,000
66,209
Nikon Corp.
3,125,000
54,573
Mediaset SpA
4,500,000
53,008
Reed Elsevier PLC
5,100,000
51,432
Swatch Group Ltd, non-registered shares
176,118
29,696
Swatch Group Ltd
386,770
13,485
Volkswagen AG
461,700
32,342
General Motors Corp.
900,000
26,811
Clear Channel Communications, Inc.
850,000
26,307
Cie. Financière Richemont AG, Class A, units
555,291
25,391
Antena 3 Televisión, SA
78,708
1,796
TI Automotive Ltd., Class A1,3 
4,578,091
   
4,455,006
     
ENERGY — 9.18%
   
Royal Dutch Shell PLC, Class B
15,858,621
553,890
Royal Dutch Shell PLC, Class A (ADR)
5,255,000
351,980
Royal Dutch Shell PLC, Class A
1,120,000
37,633
Petróleo Brasileiro SA - Petrobras, ordinary nominative (ADR)
3,894,900
347,854
Petróleo Brasileiro SA - Petrobras, preferred nominative (ADR)
1,700,000
135,728
Canadian Natural Resources, Ltd.
6,280,000
347,313
Chevron Corp.
5,289,732
328,281
Baker Hughes Inc.
3,700,000
302,845
Norsk Hydro ASA
10,820,000
286,680
Schlumberger Ltd.
3,790,000
246,767
Anadarko Petroleum Corp.
4,951,013
236,114
Halliburton Co.
3,100,000
230,051
TOTAL SA
3,204,400
210,633
Reliance Industries Ltd.
7,882,600
182,132
Technip SA
2,775,000
153,513
Imperial Oil Ltd.
3,300,000
120,586
ENI SpA
4,000,000
117,590
Apache Corp.
1,000,000
68,250
Transocean Inc.1
616,500
49,517
Exxon Mobil Corp.
767,500
47,086
   
4,354,443
     
HEALTH CARE — 8.83%
   
Roche Holding AG
8,298,600
$1,369,435
AstraZeneca PLC (Sweden)
8,627,809
520,556
AstraZeneca PLC (United Kingdom)
1,800,000
108,515
AstraZeneca PLC (ADR)
535,000
32,004
Sanofi-Aventis
4,662,600
454,514
Novo Nordisk A/S, Class B
5,751,600
366,134
Bristol-Myers Squibb Co.
8,700,000
224,982
Smith & Nephew PLC
27,587,000
212,220
UCB NV
3,103,959
167,745
Novartis AG
2,125,000
114,865
Novartis AG (ADR)
925,000
49,876
Wyeth
2,700,000
119,907
Eli Lilly and Co.
1,800,000
99,486
Johnson & Johnson
1,350,000
80,892
Forest Laboratories, Inc.1
1,786,192
69,108
Medtronic, Inc.
1,400,000
65,688
Shionogi & Co., Ltd.
3,600,000
64,190
Allergan, Inc.
380,000
40,759
Biogen Idec Inc.1
450,000
20,848
H. Lundbeck A/S, Class H
383,897
8,749
   
4,190,473
     
CONSUMER STAPLES — 8.83%
   
Altria Group, Inc.
11,312,500
830,677
Nestlé SA
1,835,150
575,404
Tesco PLC
62,946,011
388,313
Koninklijke Ahold NV1
43,589,666
378,136
Groupe Danone
2,290,000
290,669
Cia. de Bebidas das Américas - AmBev, preferred nominative (ADR)
5,725,000
236,156
Cia. de Bebidas das Américas - AmBev, ordinary nominative (ADR)
793,500
29,042
PepsiCo, Inc.
4,325,000
259,673
Avon Products, Inc.
6,566,400
203,558
Seven & I Holdings Co., Ltd.
6,050,000
199,358
Coca-Cola Co.
3,800,000
163,476
SABMiller PLC
7,085,000
127,523
L'Oréal SA
1,251,613
118,091
Diageo PLC
5,710,000
95,919
Scottish & Newcastle PLC
9,895,000
93,162
Anheuser-Busch Companies, Inc.
1,632,500
74,426
Unilever NV
3,157,500
71,523
Wal-Mart de México, SA de CV, Series V
14,833,992
40,997
Imperial Tobacco Group PLC
465,000
14,334
   
4,190,437
     
MATERIALS — 8.31%
   
Barrick Gold Corp.
20,066,295
593,962
Newmont Mining Corp.
10,650,000
563,705
Bayer AG
9,030,000
414,630
Gold Fields Ltd.
12,085,855
274,987
Alcoa Inc.
8,453,300
273,549
Nitto Denko Corp.
3,137,500
223,500
Dow Chemical Co.
5,350,000
208,810
POSCO
570,580
153,099
Cía. Vale do Rio Doce, ordinary nominative (ADR)
5,940,000
142,798
Kuraray Co., Ltd.
11,740,000
131,345
AngloGold Ashanti Ltd.
2,369,816
118,155
L'Air Liquide
568,700
110,657
BHP Billiton Ltd.
5,000,000
107,691
International Paper Co.
2,680,000
86,564
Anglo American PLC
2,000,000
82,365
Weyerhaeuser Co.
1,300,000
80,925
Holcim Ltd.
1,028,571
78,694
Akzo Nobel NV
1,325,000
71,369
UPM-Kymmene Corp.
2,970,000
63,937
JSR Corp.
2,279,400
57,578
Rohm and Haas Co.
1,000,000
50,120
Smurfit-Stone Container Corp.1
2,950,000
32,273
Kaneka Corp.
1,519,000
13,808
Novelis Inc.
315,000
6,798
   
3,941,319
     
INDUSTRIALS — 6.34%
   
General Electric Co.
16,560,500
545,834
Tyco International Ltd.
14,712,500
404,594
Siemens AG
2,548,300
221,486
Ryanair Holdings PLC (ADR)1
4,137,500
218,129
Asahi Glass Co., Ltd.
14,692,000
186,331
Sandvik AB
15,000,000
174,443
FANUC LTD
1,641,000
147,448
Toll Holdings Ltd.
13,617,941
142,102
3M Co.
1,640,000
132,463
United Parcel Service, Inc., Class B
1,507,000
124,071
Deere & Co.
1,000,000
83,490
Kubota Corp.
7,936,000
75,261
British Airways PLC1
11,640,000
73,688
Mitsubishi Heavy Industries, Ltd.
16,150,000
69,732
Emerson Electric Co.
800,000
67,048
Parker Hannifin Corp.
800,000
62,080
Caterpillar Inc.
720,000
53,626
Geberit AG
34,000
39,255
Boeing Co.
475,000
38,907
United Technologies Corp.
600,000
38,052
SMC Corp.
243,000
34,387
Lockheed Martin Corp.
475,000
34,076
Monster Worldwide, Inc.1
685,000
29,222
Wolseley PLC
585,000
12,890
   
3,008,615
     
TELECOMMUNICATION SERVICES — 3.31%
   
Koninklijke KPN NV
40,701,700
457,084
Vodafone Group PLC
174,807,125
372,106
América Móvil SA de CV, Series L (ADR)
6,765,000
225,004
Telefónica, SA
13,511,330
224,752
France Télécom, SA
7,045,000
151,302
AT&T Inc.
4,138,720
115,429
Singapore Telecommunications Ltd.
17,195,285
27,596
   
1,573,273
     
UTILITIES — 2.04%
   
E.ON AG
3,300,000
$ 379,532
Veolia Environnement
6,180,275
319,074
Endesa, SA
4,400,000
152,847
Gas Natural SDG, SA
1,969,543
60,064
National Grid PLC
5,061,320
54,687
   
966,204
     
MISCELLANEOUS — 4.54%
   
Other common stocks in initial period of acquisition
 
2,153,826
     
     
Total common stocks (cost: $29,911,399,000)
 
42,708,984
 
Warrants — 0.05%
   
     
FINANCIALS — 0.05%
   
ING Groep NV, warrants, expire 20081
1,265,000
21,753 
     
     
CONSUMER DISCRETIONARY — 0.00%
   
NTL Inc., Series A, warrants, expire 20111
39,037
25
     
     
Total warrants (cost: $91,916,000)
 
21,778
     
     
     
 
Principal amount
 
Short-term securities — 9.71%
(000)
 
     
Federal Home Loan Bank 4.924%-5.255% due 7/19-9/22/2006
$273,400
271,673
HBOS Treasury Services PLC 4.98%-5.36% due 7/24-9/27/2006
259,300
257,279
Spintab AB (Swedmortgage) 5.015%-5.32% due 7/28-9/13/2006
250,000
248,085
Bank of America Corp. 5.02%-5.368% due 7/28-9/25/2006
239,400
237,155
Westpac Banking Corp. 5.00%-5.32% due 7/24-9/7/20062
223,100
221,565
Stadshypotek Delaware Inc. 5.015%-5.06% due 7/12-8/18/20062 
100,000
99,579
Svenska Handelsbanken Inc. 5.075%-5.08% due 8/1-8/24/2006
90,000
89,436
IXIS Commercial Paper Corp. 4.95%-5.34% due 7/7-9/6/20062
189,100
188,425
Bank of Ireland 4.90%-5.09% due 7/12-8/31/20062
182,500
181,577
BASF AG 5.01%-5.30% due 7/25-9/6/20062
175,000
173,849
Barclays U.S. Funding Corp. 5.045%-5.255% due 7/20-9/5/2006
150,000
149,017
Sheffield Receivables Corp. 5.38% due 9/20/20062
15,695
15,508
Fannie Mae 4.81%-5.27% due 7/5-9/20/2006
146,600
145,397
Abbey National North America LLC 5.00%-5.30% due 7/14-8/31/2006
137,000
136,355
Danske Corp. 5.21%-5.34% due 8/18-9/7/20062 
135,400
134,335
Old Line Funding, LLC 5.03%-5.25% due 7/7-8/15/20062 
51,698
51,425
Thunder Bay Funding, LLC 5.06%-5.33% due 7/7-9/20/20062 
65,795
65,320
Export Development Corp. 5.00%-5.26% due 7/24-8/30/2006
105,000
104,388
Calyon North America Inc. 5.015%-5.255% due 7/18-8/28/2006
104,000
103,414
CAFCO, LLC 5.02%-5.31% due 7/17-9/8/20062
102,100
101,712
ING (U.S.) Funding LLC 4.99%-5.25% due 7/10-8/28/2006
101,400
100,788
Total Capital SA 5.04%-5.105% due 8/3-8/9/20062 
100,000
99,497
Depfa Bank PLC 5.215% due 9/6/2006
50,000
49,982
Depfa Bank PLC 5.365% due 9/26/20062
45,000
44,429
Dexia Delaware LLC 5.02%-5.285% due 8/2-9/19/2006
95,000
94,218
Amsterdam Funding Corp. 4.99%-5.16% due 7/6-7/13/20062 
85,700
85,603
CBA (Delaware) Finance Inc. 5.16%-5.30% due 7/17-9/19/2006
83,000
82,495
Barton Capital LLC 5.18%-5.25% due 8/4-8/11/20062 
63,400
63,021
Société Générale North America Inc. 5.11% due 8/8/2006
16,500
16,409
Siemens Capital Co. LLC 5.05%-5.21% due 8/17-8/24/2006
76,600
76,047
ANZ (Delaware) Inc. 4.955% due 7/20/2006
50,000
49,866
ANZ National (International) Ltd. 5.07% due 8/2/20062
25,000
24,889
Preferred Receivables Funding Corp. 5.07% due 7/10/20062
70,000
69,901
HSBC USA Inc. 5.29%-5.31% due 8/29-9/20/2006
70,000
69,324
Toyota Motor Credit Corp. 5.00%-5.27% due 7/13-9/11/2006
67,200
66,822
Clipper Receivables Co., LLC 4.96%-5.10% due 7/24-7/25/20062 
54,000
53,812
Canadian Imperial Bank of Commerce 5.05% due 7/11/2006
50,000
49,999
BNP Paribas Finance Inc. 4.93% due 7/20/2006
50,000
49,867
Variable Funding Capital Corp. 5.075% due 7/20/20062 
50,000
49,859
Allied Irish Banks N.A. Inc. 5.05% due 8/21/20062
50,000
49,623
Bank of Nova Scotia 5.25% due 8/23/2006
50,000
49,622
KfW International Finance Inc. 5.25% due 8/30/20062 
50,000
49,572
International Bank for Reconstruction and Development 5.19% due 9/20/2006
50,000
49,410
Swedish Export Credit Corp. 5.37% due 9/27/2006
50,000
49,357
Freddie Mac 4.90% due 7/25/2006
43,200
43,045
Edison Asset Securitization LLC 5.05% due 7/24/20062
35,000
34,883
DaimlerChrysler Revolving Auto Conduit LLC II 5.06% due 8/14/2006
27,655
27,477
UBS Finance (Delaware) LLC 5.27% due 7/3/2006
25,000
24,989
Toronto-Dominion Holdings USA Inc. 5.06% due 7/24/20062
25,000
24,917
BMW U.S. Capital Corp. 5.22% due 8/25/20062
25,000
24,803
Royal Bank of Scotland PLC 5.27% due 9/15/2006
8,200
8,110
     
     
Total short-term securities (cost: $4,607,654,000)
 
4,608,130
     
Total investment securities (cost: $34,610,969,000)
 
47,338,892
Other assets less liabilities
 
115,789
     
Net assets
 
$47,454,681
 

“Miscellaneous” securities include holdings in their initial period of acquisition that have not previously been publicly disclosed.

1Security did not produce income during the last 12 months.
2Purchased in a private placement transaction; resale may be limited to qualified institutional buyers; resale to the public may require registration. The total value of all such restricted securities was $1,928,327,000, which represented 4.06% of the net assets of the fund.
3Valued under fair value procedures adopted by authority of the board of directors.


ADR = American Depositary Receipts
GDR = Global Depositary Receipts
 
   
unaudited
     
     
Federal income tax information
 
(dollars in thousands)
     
Gross unrealized appreciation on investment securities
 
$13,356,533
Gross unrealized depreciation on investment securities
 
(659,800)
Net unrealized appreciation on investment securities
 
12,696,733
Cost of investment securities for federal income tax purposes
 
34,642,159
 
 
MFGEFP-907-0806P-S6915


ITEM 2 - Controls and Procedures

The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.


ITEM 3 - Exhibits

The certifications required by Rule 30a-2 of the Investment Company Act of 1940, as amended, and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.
 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
NEW PERSPECTIVE FUND, INC.
   
 
By /s/ Robert W. Lovelace
 
Robert W. Lovelace, President and PEO
   
 
Date: August 28, 2006



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By /s/ Robert W. Lovelace
Robert W. Lovelace, President and PEO
 
Date: August 28, 2006



By /s/ R. Marcia Gould
R. Marcia Gould, Treasurer and PFO
 
Date: August 28, 2006