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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.
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| Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.0% | -11.0% | 42.2% | 80.26% |
| 1 Yr | -10.5% | -62.5% | 15.9% | 56.83% |
| 3 Yr | 6.2%* | -37.9% | 22.8% | 39.47% |
| 5 Yr | 1.8%* | -31.2% | 23.7% | 43.28% |
| 10 Yr | 7.7%* | -12.5% | 16.9% | 41.88% |
* Annualized
| Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -13.0% | -65.5% | 9.4% | 47.97% |
| 2017 | 24.1% | -28.2% | 41.0% | 17.21% |
| 2016 | 0.0% | -56.6% | 18.1% | 48.93% |
| 2015 | -2.2% | -38.0% | 11.4% | 39.57% |
| 2014 | -3.8% | -52.4% | 105.4% | 79.47% |
| Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.0% | -11.0% | 42.2% | 80.44% |
| 1 Yr | -1.6% | -62.5% | 23.6% | 38.15% |
| 3 Yr | 14.3%* | -37.9% | 29.1% | 18.40% |
| 5 Yr | 9.7%* | -31.2% | 32.5% | 27.87% |
| 10 Yr | 13.2%* | -12.5% | 19.8% | 21.32% |
* Annualized
| Period | ANEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -4.4% | -65.5% | 16.5% | 28.84% |
| 2017 | 34.4% | -28.2% | 48.9% | 7.90% |
| 2016 | 4.7% | -56.6% | 26.8% | 38.06% |
| 2015 | 3.8% | -38.0% | 17.3% | 33.87% |
| 2014 | 5.4% | -52.4% | 120.7% | 71.36% |
| ANEFX | Category Low | Category High | ANEFX % Rank | |
|---|---|---|---|---|
| Net Assets | 21.6 B | 998 K | 193 B | 5.73% |
| Number of Holdings | 205 | 6 | 2032 | 12.78% |
| Net Assets in Top 10 | 4.68 B | 592 K | 54.6 B | 11.28% |
| Weighting of Top 10 | 21.83% | 13.6% | 2577.7% | 93.66% |
| Weighting | Return Low | Return High | ANEFX % Rank | |
|---|---|---|---|---|
| Stocks | 91.29% | 17.95% | 116.95% | 90.57% |
| Cash | 8.57% | -2543.91% | 54.51% | 5.29% |
| Other | 0.14% | -21.17% | 4.37% | 12.51% |
| Preferred Stocks | 0.00% | 0.00% | 18.88% | 14.80% |
| Convertible Bonds | 0.00% | 0.00% | 2.66% | 3.88% |
| Bonds | 0.00% | 0.00% | 2526.95% | 9.78% |
| Weighting | Return Low | Return High | ANEFX % Rank | |
|---|---|---|---|---|
| Technology | 33.34% | 0.00% | 60.97% | 38.15% |
| Healthcare | 17.69% | 0.00% | 96.10% | 15.68% |
| Consumer Cyclical | 14.18% | 0.00% | 32.85% | 65.64% |
| Financial Services | 13.99% | 0.00% | 40.20% | 39.65% |
| Industrials | 6.62% | 0.00% | 25.96% | 75.42% |
| Communication Services | 1.18% | 0.00% | 15.66% | 58.06% |
| Consumer Defense | 1.17% | 0.00% | 15.95% | 86.43% |
| Utilities | 1.16% | -0.01% | 9.45% | 21.15% |
| Basic Materials | 0.91% | 0.00% | 11.46% | 72.78% |
| Energy | 0.80% | 0.00% | 15.29% | 50.48% |
| Real Estate | 0.25% | 0.00% | 10.15% | 63.08% |
| Weighting | Return Low | Return High | ANEFX % Rank | |
|---|---|---|---|---|
| US | 64.12% | 7.01% | 115.79% | 95.07% |
| Non US | 27.17% | 0.00% | 92.52% | 1.94% |
| ANEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.76% | 0.00% | 15.15% | 76.56% |
| Management Fee | 0.38% | 0.00% | 1.44% | 12.42% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 24.83% |
| Administrative Fee | 0.01% | 0.00% | 1.02% | 0.68% |
| ANEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 2.50% | 8.50% | 4.00% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
| ANEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.05% | 5.00% | N/A |
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% | 838.00% | 44.93% |
| ANEFX | Category Low | Category High | ANEFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.54% | 0.00% | 0.11% | 18.33% |
| ANEFX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
| 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 | Category Low | Category High | ANEFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.49% | -14.30% | 2.62% | 23.26% |
| ANEFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Manager
Start Date
Tenure
Tenure Rank
Jan 01, 1991
28.6
28.6%
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.
Manager
Start Date
Tenure
Tenure Rank
Jan 01, 1995
24.59
24.6%
Claudia P. Huntington is an equity portfolio manager at Capital Group. She has 46 years of investment experience, all with 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. She is based in L.A.
Manager
Start Date
Tenure
Tenure Rank
Feb 01, 2002
17.5
17.5%
Mark E. Denning is an equity portfolio manager at Capital Group. He has 36 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.
Manager
Start Date
Tenure
Tenure Rank
Feb 01, 2006
13.5
13.5%
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.
Tenure Analysis
Category Low
0.0
Category High
51.53
Category Average
8.48
Category Mode
0.0
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
