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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$67.69

$34 B

0.01%

$0.01

0.76%

Vitals

YTD Return

13.7%

1 yr return

25.6%

3 Yr Avg Return

16.5%

5 Yr Avg Return

18.4%

Net Assets

$34 B

Holdings in Top 10

25.9%

52 WEEK LOW AND HIGH

$67.6
$52.00
$67.69

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

$25


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

World Large-Stock Growth


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$67.69

$34 B

0.01%

$0.01

0.76%

ANEFX - Profile

Distributions

  • YTD Total Return 13.7%
  • 3 Yr Annualized Total Return 14.2%
  • 5 Yr Annualized Total Return 17.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.21%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Timothy Armour

Fund Description

The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets in issuers based outside the United States, including those based in developing countries.


ANEFX - Performance

Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -35.6% 29.2% 87.47%
1 Yr 25.6% 17.3% 252.4% 33.41%
3 Yr 16.5%* -3.5% 34.6% 22.14%
5 Yr 18.4%* 0.1% 32.7% 9.26%
10 Yr 17.3%* -6.9% 18.3% 4.27%

* Annualized

Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2020 30.2% -24.3% 957.1% 11.47%
2019 17.7% -38.3% 47.1% 70.29%
2018 -13.0% -54.2% 0.6% 35.53%
2017 24.1% -76.0% 54.1% 20.06%
2016 0.0% -26.1% 47.8% 70.33%

Total Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.7% -35.6% 29.2% 87.81%
1 Yr 18.4% 11.4% 252.4% 55.68%
3 Yr 14.2%* -3.5% 34.6% 34.67%
5 Yr 17.0%* 0.1% 32.7% 17.45%
10 Yr 16.6%* -6.9% 18.3% 5.75%

* Annualized

Total Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2020 30.2% -24.3% 957.1% 11.47%
2019 17.7% -33.1% 47.1% 70.54%
2018 -4.4% -44.4% 1.8% 7.40%
2017 34.4% -6.5% 54.1% 7.47%
2016 4.7% -14.4% 47.8% 48.48%

NAV & Total Return History


ANEFX - Holdings

Concentration Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Assets 34 B 199 K 133 B 4.28%
Number of Holdings 266 1 9075 17.51%
Net Assets in Top 10 8.81 B -18 M 37.6 B 5.51%
Weighting of Top 10 25.89% 9.1% 100.0% 63.84%

Top 10 Holdings

  1. Capital Group Central Cash Fund 6.53%
  2. Capital Group Central Cash Fund 6.53%
  3. Capital Group Central Cash Fund 6.53%
  4. Capital Group Central Cash Fund 6.53%
  5. Capital Group Central Cash Fund 6.53%
  6. Capital Group Central Cash Fund 6.53%
  7. Capital Group Central Cash Fund 6.53%
  8. Capital Group Central Cash Fund 6.53%
  9. Capital Group Central Cash Fund 6.53%
  10. Capital Group Central Cash Fund 6.53%

Asset Allocation

Weighting Return Low Return High ANEFX % Rank
Stocks
95.44% 61.84% 125.47% 89.10%
Cash
3.53% -174.70% 23.12% 16.63%
Preferred Stocks
0.73% -0.01% 5.28% 2.53%
Other
0.27% -13.98% 19.14% 13.77%
Convertible Bonds
0.03% 0.00% 4.46% 51.21%
Bonds
0.00% -1.50% 161.67% 53.08%

Stock Sector Breakdown

Weighting Return Low Return High ANEFX % Rank
Technology
33.92% 0.00% 49.87% 6.39%
Healthcare
17.98% 0.00% 35.42% 14.76%
Communication Services
15.65% 0.00% 57.66% 16.63%
Consumer Cyclical
11.23% 0.00% 40.94% 48.46%
Financial Services
10.75% 0.00% 38.42% 69.93%
Industrials
6.49% 0.00% 44.06% 81.83%
Consumer Defense
1.18% 0.00% 73.28% 91.19%
Basic Materials
0.91% 0.00% 38.60% 82.38%
Utilities
0.89% 0.00% 29.12% 60.90%
Real Estate
0.71% 0.00% 39.48% 68.28%
Energy
0.31% 0.00% 21.15% 61.01%

Stock Geographic Breakdown

Weighting Return Low Return High ANEFX % Rank
US
73.71% 0.13% 103.82% 1.65%
Non US
21.73% 0.58% 99.46% 97.91%

ANEFX - Expenses

Operational Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 44.27% 81.87%
Management Fee 0.37% 0.00% 1.82% 10.07%
12b-1 Fee 0.24% 0.00% 1.00% 17.07%
Administrative Fee 0.01% 0.01% 0.76% 3.58%

Sales Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 17.60%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 395.00% 48.62%

ANEFX - Distributions

Dividend Yield Analysis

ANEFX Category Low Category High ANEFX % Rank
Dividend Yield 0.01% 0.00% 3.26% 50.88%

Dividend Distribution Analysis

ANEFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Income Ratio 0.21% -4.27% 12.65% 67.73%

Capital Gain Distribution Analysis

ANEFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

ANEFX - Fund Manager Analysis

Managers

Timothy Armour


Start Date

Tenure

Tenure Rank

Jan 01, 1991

30.77

30.8%

Timothy D. Armour is chairman and chief executive officer of Capital Group and chairman of the Capital Group Management Committee. He is also an equity portfolio manager. Tim has 36 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered global telecommunications and U.S. service companies. Tim began his career at Capital as a participant in The Associates Program. He holds a bachelor’s degree in economics from Middlebury College. Tim is based in Los Angeles.

Harold La


Start Date

Tenure

Tenure Rank

Feb 01, 2006

15.67

15.7%

Harold H. La is an equity portfolio manager at Capital Group. He has 21 years of investment experience and has been with Capital Group for 20 years. Earlier in his career, as an equity investment analyst at Capital, Harold covered Indian IT services, Asian semiconductors, Korean small-cap companies, Asian banks and diversified financials. Prior to joining Capital, Harold was an auditor at KPMG. He holds an MBA from Kellogg School of Management at Northwestern University and a bachelor’s degree from the University of Western Ontario. He also holds the Chartered Financial Analyst® designation. Harold is based in Hong Kong.

Caroline Jones


Start Date

Tenure

Tenure Rank

Dec 31, 2017

3.75

3.8%

Caroline Jones is an equity portfolio manager at Capital Group. As an equity portfolio manager/investment analyst she covers health care services, retail drug companies and homebuilding in the U.S. She has 21 years of investment experience and has been with Capital Group for 16 years. Earlier in her career at Capital, she also covered U.S. regional banks and small- and mid-cap diversified banks. Before joining Capital, she was a financial analyst at Goldman Sachs & Co. She holds an MBA from the Wharton School of the University of Pennsylvania where she graduated as a Palmer scholar, and a bachelor’s degree in commerce from the University of New South Wales in Australia. Caroline is based in San Francisco.

Reed Lowenstein


Start Date

Tenure

Tenure Rank

Oct 01, 2018

3.0

3.0%

Reed Lowenstein is a portfolio manager at Capital Group. He has 21 years of investment experience, all with Capital Group. Earlier in his career at Capital, he was an equity investment analyst with research responsibility for U.S. and European materials, electrical equipment, consumer durables & apparel, as well as European semiconductors, machinery and renewable energy companies. He holds a master’s degree from Stanford Graduate School of Business and a bachelor’s degree in drama from Tufts University, graduating magna cum laude and Phi Beta Kappa. Reed is based in New York.

Mathews Cherian


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.75

2.8%

Mathews Cherian is an equity portfolio manager at Capital Group. As an equity investment analyst, he covers U.S. and European semiconductor companies, as well as global telecommunications equipment and networking. He has 23 years of investment experience and has been with Capital Group for 16 years. Prior to joining Capital, Mathews was a senior equity analyst for Pangaea Capital in Boston. Before that, he was an equity analyst with David L. Babson and a strategy consultant with the Boston Consulting Group. He holds an MBA from Harvard Business School, and both a master’s degree in computer science and a bachelor’s degree in electrical science and engineering from Massachusetts Institute of Technology. Mathews is based in San Francisco.

Richmond Wolf


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.75

2.8%

Richmond Wolf is an equity portfolio manager at Capital Group. As an equity investment analyst he covers U.S. medical technology companies and REITs. He has 23 years of investment experience and has been with Capital Group for 14 years. Prior to joining Capital, he was the assistant vice president for technology transfer at the California Institute of Technology and a cofounder of WebEventBroadcasting and Xen Golf. He holds a PhD from the California Institute of Technology, and a bachelor’s degree from Princeton University graduating cum laude. Richmond is based in Los Angeles.

Tomoko Fortune


Start Date

Tenure

Tenure Rank

Oct 01, 2019

2.0

2.0%

Tomoko Fortune is an equity portfolio manager at Capital Group. She has 24 years of investment industry experience and has been with Capital Group for one year. Prior to joining Capital, Tomoko worked as a managing partner at Criterion Capital Management. Before that, she was an associate at Goldman Sachs & Co. She holds an MBA from Stanford Graduate School of Business and a bachelor's degree in economics from Dartmouth College. Tomoko is based in San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25