American Funds New Economy A
- ANEFX
- Price as of: Mar 05, 2021
-
$58.58
N/A N/A
- Primary Theme
- International Large-Cap Equity
- Fund Company
- American Funds
- Share Class
ANEFX - Snapshot
Vitals
- YTD Return -0.3%
- 3 Yr Annualized Return 15.6%
- 5 Yr Annualized Return 20.0%
- Net Assets $31.4 B
- Holdings in Top 10 27.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.77%
SALES FEES
- Front Load 5.75%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 38.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $250
- IRA $25
Fund Classification
-
Primary Theme
International Large-Cap Equity
- Fund Type Open End Mutual Fund
- Investment Style World Large Stock
ANEFX - Profile
Distributions
- YTD Total Return -0.3%
- 3 Yr Annualized Total Return 13.3%
- 5 Yr Annualized Total Return 18.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.21%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAmerican Funds The New Economy Fund®
-
Fund Family NameAmerican Funds
-
Inception DateDec 01, 1983
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTimothy 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 | -0.3% | -11.4% | 26.5% | 79.49% |
1 Yr | 42.4% | -4.7% | 182.3% | 16.39% |
3 Yr | 15.6%* | -5.9% | 35.9% | 18.37% |
5 Yr | 20.0%* | -0.2% | 36.6% | 9.22% |
10 Yr | 14.7%* | -6.9% | 19.1% | 4.21% |
* Annualized
Return Ranking - Calendar
Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 30.2% | -24.3% | 957.1% | 11.29% |
2019 | 17.7% | -38.3% | 47.1% | 70.04% |
2018 | -13.0% | -54.2% | 0.6% | 35.19% |
2017 | 24.1% | -76.0% | 54.1% | 19.77% |
2016 | 0.0% | -26.1% | 47.8% | 70.17% |
Total Return Ranking - Trailing
Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.3% | -11.4% | 26.5% | 79.49% |
1 Yr | 34.2% | -9.0% | 182.3% | 32.13% |
3 Yr | 13.3%* | -5.9% | 35.9% | 26.32% |
5 Yr | 18.6%* | -0.2% | 36.6% | 15.39% |
10 Yr | 14.0%* | -6.9% | 19.1% | 5.68% |
* Annualized
Total Return Ranking - Calendar
Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 30.2% | -24.3% | 957.1% | 11.29% |
2019 | 17.7% | -33.1% | 47.1% | 70.29% |
2018 | -4.4% | -44.4% | 1.8% | 7.44% |
2017 | 34.4% | -6.5% | 54.1% | 7.36% |
2016 | 4.7% | -14.4% | 47.8% | 48.98% |
NAV & Total Return History
ANEFX - Holdings
Concentration Analysis
ANEFX | Category Low | Category High | ANEFX % Rank | |
---|---|---|---|---|
Net Assets | 31.4 B | 197 K | 131 B | 5.33% |
Number of Holdings | 220 | 2 | 8822 | 19.17% |
Net Assets in Top 10 | 8.35 B | -19.8 M | 35.7 B | 5.37% |
Weighting of Top 10 | 27.09% | 9.1% | 100.0% | 61.16% |
Top 10 Holdings
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
- Capital Group Central Cash Fund 6.53%
Asset Allocation
Weighting | Return Low | Return High | ANEFX % Rank | |
---|---|---|---|---|
Stocks | 94.69% | 0.00% | 120.16% | 84.14% |
Cash | 4.35% | -49.94% | 51.64% | 19.06% |
Preferred Stocks | 0.61% | -0.01% | 4.12% | 2.85% |
Other | 0.35% | -13.98% | 19.19% | 9.86% |
Convertible Bonds | 0.00% | 0.00% | 4.68% | 31.87% |
Bonds | 0.00% | -1.99% | 138.88% | 35.23% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ANEFX % Rank | |
---|---|---|---|---|
Technology | 30.92% | 0.00% | 60.42% | 6.57% |
Healthcare | 20.12% | 0.00% | 45.87% | 11.28% |
Communication Services | 15.69% | 0.00% | 55.93% | 13.58% |
Consumer Cyclical | 12.69% | 0.00% | 46.87% | 41.40% |
Financial Services | 11.14% | 0.00% | 37.88% | 70.76% |
Industrials | 5.55% | 0.00% | 44.06% | 83.24% |
Utilities | 1.07% | 0.00% | 18.01% | 61.66% |
Consumer Defense | 0.98% | 0.00% | 73.28% | 92.99% |
Basic Materials | 0.79% | 0.00% | 41.54% | 83.79% |
Real Estate | 0.62% | 0.00% | 37.76% | 66.27% |
Energy | 0.42% | 0.00% | 21.59% | 62.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ANEFX % Rank | |
---|---|---|---|---|
US | 69.74% | 0.00% | 95.36% | 4.05% |
Non US | 24.95% | 0.00% | 99.31% | 97.92% |
ANEFX - Expenses
Operational Fees
ANEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.77% | 0.01% | 44.27% | 82.25% |
Management Fee | 0.37% | 0.00% | 1.82% | 12.28% |
12b-1 Fee | 0.24% | 0.00% | 1.00% | 17.25% |
Administrative Fee | 0.01% | 0.01% | 0.76% | 2.89% |
Sales Fees
ANEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 2.50% | 5.75% | 7.09% |
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% | 0.94% | 395.00% | 49.15% |
ANEFX - Distributions
Dividend Yield Analysis
ANEFX | Category Low | Category High | ANEFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.44% | 29.75% |
Dividend Distribution Analysis
ANEFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
ANEFX | Category Low | Category High | ANEFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.21% | -1.68% | 12.65% | 71.16% |
Capital Gain Distribution Analysis
ANEFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Dec 20, 2018 | $0.236 |
Dec 26, 2017 | $0.080 |
Dec 27, 2016 | $0.950 |
Dec 23, 2015 | $0.155 |
Dec 29, 2014 | $0.200 |
Dec 27, 2013 | $0.136 |
Dec 28, 2012 | $0.175 |
Dec 22, 2011 | $0.117 |
Dec 29, 2010 | $0.173 |
Dec 29, 2009 | $0.112 |
Dec 29, 2008 | $0.231 |
Dec 29, 2006 | $0.193 |
Dec 30, 2005 | $0.149 |
Dec 10, 2004 | $0.075 |
Dec 12, 2003 | $0.011 |
Dec 15, 1999 | $0.140 |
Jun 21, 1999 | $0.040 |
Dec 23, 1998 | $0.100 |
Jun 08, 1998 | $0.040 |
Dec 16, 1997 | $0.080 |
May 23, 1997 | $0.050 |
Dec 16, 1996 | $0.090 |
May 20, 1996 | $0.050 |
Dec 19, 1995 | $0.524 |
May 30, 1995 | $0.050 |
May 26, 1994 | $2.000 |
May 17, 1993 | $0.070 |
Dec 02, 1992 | $0.080 |
Jun 01, 1992 | $0.080 |
Dec 16, 1991 | $0.190 |
Jun 03, 1991 | $0.100 |
Jun 05, 1989 | $0.100 |
ANEFX - Fund Manager Analysis
Managers
Timothy Armour
Start Date
Tenure
Tenure Rank
Jan 01, 1991
30.18
30.2%
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
15.08
15.1%
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
3.16
3.2%
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
2.41
2.4%
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
2.16
2.2%
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
2.16
2.2%
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
1.41
1.4%
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 |
---|---|---|---|
0.02 | 35.73 | 6.22 | 1.16 |