ANEFX: American Funds The New Economy Fund® - MutualFunds.com

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ANEFX - Snapshot

Vitals

  • YTD Return 27.3%
  • 3 Yr Annualized Return 12.0%
  • 5 Yr Annualized Return 13.6%
  • Net Assets $26.4 B
  • Holdings in Top 10 31.0%

52 WEEK LOW AND HIGH

$57.74
$33.96
$58.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250
  • IRA $25

Fund Classification


Compare ANEFX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$67.25

-0.06%

$243.30 B

0.57%

$0.38

31.53%

-

$303.46

+1.28%

$129.99 B

0.54%

$1.63

42.91%

-

$246.31

+1.08%

$125.92 B

0.54%

$1.32

34.85%

-

$126.45

-0.28%

$125.92 B

-

$0.00

34.71%

-

$17.68

+1.03%

$124.79 B

-

$0.00

28.96%

-

ANEFX - Profile

Distributions

  • YTD Total Return 27.3%
  • 3 Yr Annualized Total Return 9.8%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.51%
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 27.3% -67.9% 126.0% 57.98%
1 Yr 22.1% -9.0% 135.4% 63.01%
3 Yr 12.0%* -3.8% 41.0% 77.67%
5 Yr 13.6%* -10.6% 33.4% 64.73%
10 Yr 13.6%* 5.1% 22.1% 66.58%

* Annualized

Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.7% -28.8% 76.0% 82.31%
2018 -13.0% -64.5% 10.6% 57.57%
2017 24.1% -68.7% 64.3% 22.76%
2016 0.0% -56.6% 15.3% 48.27%
2015 -2.2% -82.5% 11.4% 43.15%

Total Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.3% -67.8% 126.0% 58.05%
1 Yr 15.1% -12.7% 133.0% 76.22%
3 Yr 9.8%* -5.7% 41.0% 86.63%
5 Yr 12.2%* -11.6% 33.4% 75.04%
10 Yr 12.9%* 5.1% 22.1% 75.48%

* Annualized

Total Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2019 17.7% -28.8% 76.0% 82.47%
2018 -4.4% -64.5% 16.5% 33.09%
2017 34.4% -24.8% 64.3% 10.09%
2016 4.7% -56.6% 17.1% 34.43%
2015 3.8% -38.0% 17.3% 35.76%

NAV & Total Return History


ANEFX - Holdings

Concentration Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Assets 26.4 B 10.3 K 218 B 6.70%
Number of Holdings 218 1 2364 10.07%
Net Assets in Top 10 8.3 B 425 K 89.8 B 11.09%
Weighting of Top 10 31.02% 10.5% 100.0% 88.44%

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
92.71% 48.25% 116.73% 95.09%
Cash
6.55% -12.08% 51.74% 6.67%
Other
0.38% -17.43% 18.94% 8.48%
Preferred Stocks
0.37% 0.00% 2.39% 5.36%
Convertible Bonds
0.00% 0.00% 6.97% 21.09%
Bonds
0.00% -0.42% 9.62% 22.54%

Stock Sector Breakdown

Weighting Return Low Return High ANEFX % Rank
Technology
31.09% 0.00% 53.57% 54.93%
Healthcare
20.23% 0.00% 69.42% 11.88%
Communication Services
16.52% 0.00% 67.67% 19.86%
Consumer Cyclical
13.21% 0.00% 48.24% 71.96%
Financial Services
9.55% 0.00% 41.61% 52.39%
Industrials
5.00% 0.00% 29.16% 54.28%
Consumer Defense
1.15% 0.00% 19.68% 82.54%
Utilities
0.97% 0.00% 11.79% 17.39%
Basic Materials
0.90% 0.00% 13.33% 57.03%
Real Estate
0.85% 0.00% 23.28% 65.87%
Energy
0.52% 0.00% 19.81% 21.45%

Stock Geographic Breakdown

Weighting Return Low Return High ANEFX % Rank
US
70.11% 46.80% 116.11% 97.90%
Non US
22.60% 0.00% 36.31% 1.09%

ANEFX - Expenses

Operational Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 23.28% 70.46%
Management Fee 0.38% 0.00% 1.50% 13.18%
12b-1 Fee 0.25% 0.00% 1.00% 29.33%
Administrative Fee 0.01% 0.01% 1.02% 0.69%

Sales Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.50% 8.50% 8.54%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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 39.00% 0.00% 464.00% 47.26%

ANEFX - Distributions

Dividend Yield Analysis

ANEFX Category Low Category High ANEFX % Rank
Dividend Yield 0.00% 0.00% 17.68% 23.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Income Ratio 0.51% -8.87% 2.43% 23.87%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ANEFX - Fund Manager Analysis

Managers

Timothy Armour


Start Date

Tenure

Tenure Rank

Jan 01, 1991

29.85

29.9%

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

14.76

14.8%

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

2.84

2.8%

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

2.08

2.1%

Mathews Cherian


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.84

1.8%

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

1.84

1.8%

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

1.08

1.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.87 7.72 0.83
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