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ANEFX American Funds New Economy A

  • Fund
  • ANEFX
  • Price as of: Jan 18, 2019
  • $41.57
  • + $0.49
  • + 1.19%
  • Category
  • Large Cap Growth Equities

ANEFX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 9.6%
  • 5 Yr Annualized Return 7.4%
  • Net Assets $18.4 B
  • Holdings in Top 10 20.7%

52 WEEK LOW AND HIGH

$41.57
$36.69
$50.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name American Funds The New Economy Fund®
  • Fund Family Name American Funds
  • Inception Date Dec 01, 1983
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Harold H. La

Fund Description

The American Funds New Economy Fund Class A (ANEFX) is a low-cost, actively managed fund that focuses on aggressively growing investor capital. ANEFX owns companies that are involved in innovative, new technologies to create the “new” global economy. It can invest in firms of any size as well as overseas. The vast bulk of the firm’s holdings have traditionally been U.S. small-caps in the technology, health care and consumer segments.

Given its tilt towards high-growth areas, ANEFX makes for a great satellite position in a diversified portfolio. The fund is managed by Capital Research and Management Company.

ANEFX - Performance

Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -97.0% 25.4% 53.13% 3
1 Yr -4.2% -52.0% 75.7% 70.19% 4
3 Yr 9.6% * -15.1% 30.2% 36.10% 2
5 Yr 7.4% * -7.7% 17.8% 68.33% 4
10 Yr 14.7% * 3.4% 20.0% 20.13% 2

* Annualized


Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -13.0% -91.4% 439.4% 52.85% 3
2017 24.1% -43.6% 104.4% 13.89% 1
2016 0.0% -56.6% 121.2% 45.11% 3
2015 -2.2% -41.2% 45.5% 44.82% 3
2014 -3.8% -30.1% 41.8% 76.65% 5

Total Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -100.0% 25.4% 53.04% 3
1 Yr -9.7% -71.3% 2606.2% 89.87% 5
3 Yr 7.4% * -21.9% 43.7% 65.33% 4
5 Yr 6.1% * -8.8% 17.8% 80.95% 5
10 Yr 14.0% * 3.2% 20.0% 31.65% 2

* Annualized


Total Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -13.0% -91.4% 439.4% 53.70% 3
2017 24.1% -43.6% 104.4% 14.01% 1
2016 0.0% -56.6% 382.6% 54.10% 3
2015 4.0% -41.2% 615.0% 52.05% 3
2014 5.4% -100.0% 357.8% 88.04% 5

NAV & Total Return History

ANEFX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

ANEFX Category Low Category High ANEFX % Rank Quintile
Net Assets 18.4 B 373 K 183 B 1.03% 1
Number of Holdings 232 1 1993 3.79% 1
Net Assets in Top 10 3.81 B 0 48.8 B 2.51% 1
Weighting of Top 10 20.7% 0.0% 150.9% 32.52% 5

Top 10 Holdings

  1. Netflix Inc 3.63%
  2. Tencent Holdings Ltd 2.07%
  3. Amazon.com Inc 2.10%
  4. Galaxy Entertainment Group Ltd 1.89%
  5. Samsung Electronics Co Ltd 1.90%
  6. AbbVie Inc 1.57%
  7. Micron Technology Inc 1.60%
  8. Broadcom Inc 3.10%
  9. Alphabet Inc Class C 1.48%
  10. Kotak Mahindra Bank Ltd 1.37%

Asset Allocation

Weighting Category Low Category High ANEFX % Rank Quintile
Stocks
86.52% 0.00% 105.74% 23.26% 5
Cash
12.71% -32.82% 100.00% 1.22% 1
Bonds
0.77% -0.09% 72.01% 1.80% 1
Preferred Stocks
0.00% 0.00% 9.70% 4.31% 5
Other
0.00% -12.25% 43.47% 5.08% 5
Convertible Bonds
0.00% 0.00% 3.20% 1.22% 5

Stock Sector Breakdown

Weighting Category Low Category High ANEFX % Rank Quintile
Technology
29.15% -1.29% 56.64% 14.46% 3
Healthcare
18.32% -1.03% 93.44% 7.71% 2
Consumer Cyclical
14.93% -2.22% 31.43% 16.84% 3
Financial Services
13.02% -2.38% 39.59% 14.78% 3
Industrials
6.15% -0.37% 26.98% 23.97% 5
Basic Materials
1.68% -1.18% 12.72% 14.20% 3
Utilities
1.24% -0.21% 16.66% 5.78% 1
Consumer Defense
0.90% -1.43% 20.13% 24.68% 5
Communication Services
0.54% 0.00% 14.80% 17.99% 4
Energy
0.47% -1.24% 17.81% 20.05% 4
Real Estate
0.13% -0.04% 11.06% 14.72% 4

Stock Geographic Breakdown

Weighting Category Low Category High ANEFX % Rank Quintile
US
57.92% 0.00% 105.36% 30.59% 5
Non US
28.60% 0.00% 91.47% 0.84% 1

Bond Sector Breakdown

Weighting Category Low Category High ANEFX % Rank Quintile
Cash & Equivalents
12.40% -32.82% 100.00% 1.23% 1
Government
0.77% 0.00% 31.76% 1.42% 1
Derivative
0.00% -5.28% 10.62% 0.58% 5
Securitized
0.00% 0.00% 16.54% 1.03% 5
Corporate
0.00% -0.09% 45.90% 6.45% 5
Municipal
0.00% 0.00% 5.83% 0.58% 5

Bond Geographic Breakdown

Weighting Category Low Category High ANEFX % Rank Quintile
US
0.77% -24.92% 61.25% 1.61% 1
Non US
0.00% 0.00% 42.95% 1.61% 5

ANEFX - Expenses

Operational Fees

ANEFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.00% 37.77% 14.79% 2
Management Fee 0.38% 0.00% 1.44% 4.37% 1
12b-1 Fee 0.24% 0.00% 1.00% 1.32% 2
Administrative Fee 0.01% 0.00% 1.02% 4.67% 1

Sales Fees

ANEFX Fees (% of AUM) Category Low Category High ANEFX Rank Quintile
Front Load 5.75% 1.50% 8.50% 1.19% 5
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

ANEFX Fees (% of AUM) Category Low Category High ANEFX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ANEFX Fees (% of AUM) Category Low Category High ANEFX Rank Quintile
Turnover 28.00% 0.00% 650.00% 10.87% 2

ANEFX - Distributions

Dividend Yield Analysis

ANEFX Category Low Category High ANEFX % Rank Quintile
Dividend Yield 0.1% 0.00% 11.75% 35.38% 2

Dividend Distribution Analysis

ANEFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ANEFX Category Low Category High ANEFX % Rank Quintile
Net Income Ratio 0.25% -14.30% 3.70% 8.68% 2

Capital Gain Distribution Analysis

ANEFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

ANEFX - Managers

Harold H. La

Manager

Start Date

Feb 01, 2006

Tenure

12.92

Tenure Rank

3.5%

Harold H. La is a Partner and equity portfolio manager of Capital Research and Management Company.


Timothy D. Armour

Manager

Start Date

Jan 01, 1991

Tenure

28.02

Tenure Rank

0.3%

Armour is an equity portfolio manager and a Senior Vice President with Capital Research and Management Company.


Claudia P. Huntington

Manager

Start Date

Jan 01, 1995

Tenure

24.01

Tenure Rank

0.6%

Claudia P. Huntington is an equity portfolio manager at Capital Group. Earlier in her career, as an equity investment analyst at Capital she covered technology companies and was a regional generalist covering companies in the southwest; she was also an economist. Prior to joining Capital, Claudia worked as an assistant economist for American Express Investment Management Company in San Francisco. She holds an MBA from Harvard Business School and a bachelor’s degree in economics from Stanford University. Claudia is based in Los Angeles.


Mark E. Denning

Manager

Start Date

Feb 01, 2002

Tenure

16.92

Tenure Rank

1.8%

Mark E. Denning is an equity portfolio manager at Capital Group. He has 34 years of investment experience, all with Capital Group. Earlier in his career at Capital, Mark had equity investment analyst responsibilities for companies based in Southeast Asia. He holds an MBA in finance and international business from Columbia Business School and a bachelor’s degree in economics from the London School of Economics. Mark is based in Los Angeles.


Tenure Analysis

Category Low

0.0

Category High

51.0

Category Average

7.86

Category Mode

4.0