ANEFX: American Funds New Economy A

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ANEFX American Funds New Economy A

ANEFX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $20.8 B
  • Holdings in Top 10 21.8%

52 WEEK LOW AND HIGH

$45.21
$36.69
$46.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

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 CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 15.9%
  • 5 Yr Annualized Total Return 12.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.49%
DIVIDENDS
  • Dividend Yield 0.5%
  • 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 D. Armour

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 - Fund Company Quick Screens

ANEFX - Performance

Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -14.5% 33.9% 50.90%
1 Yr -3.6% -71.3% 193.1% 72.01%
3 Yr 7.7%* -41.5% 42.1% 37.84%
5 Yr 4.0%* -26.8% 20.0% 56.42%
10 Yr 7.3%* -9.5% 14.3% 33.70%

* Annualized


Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -73.8% 141.8% 38.96%
2017 24.1% -76.0% 54.2% 21.97%
2016 0.0% -12.7% 13.9% 61.14%
2015 -2.2% -36.4% 17.2% 38.44%
2014 -3.8% -40.2% 18.4% 67.87%

Total Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -14.5% 33.9% 50.90%
1 Yr 6.0% -71.3% 193.1% 18.05%
3 Yr 15.9%* -31.7% 42.1% 4.36%
5 Yr 12.0%* -21.5% 20.0% 5.03%
10 Yr 12.7%* -9.5% 14.3% 1.85%

* Annualized


Total Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -73.8% 140.6% 4.58%
2017 34.4% 1.5% 54.2% 8.47%
2016 4.7% -10.6% 17.1% 34.65%
2015 3.8% -36.4% 18.6% 13.65%
2014 5.4% -16.5% 18.4% 19.22%

NAV & Total Return History

ANEFX - Holdings

Concentration Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Assets 20.8 B 1.47 M 95.3 B 7.92%
Number of Holdings 205 26 8156 33.01%
Net Assets in Top 10 4.68 B 229 K 18.3 B 7.92%
Weighting of Top 10 21.83% 7.2% 156.5% 55.41%

Top 10 Holdings

  1. Netflix Inc 4.22%

  2. Amazon.com Inc 2.44%

  3. Broadcom Inc 2.37%

  4. Facebook Inc A 2.23%

  5. Micron Technology Inc 2.23%

  6. Samsung Electronics Co Ltd 1.77%

  7. Tencent Holdings Ltd 1.76%

  8. Galaxy Entertainment Group Ltd 1.72%

  9. Microsoft Corp 1.59%

  10. Mastercard Inc A 1.49%


Asset Allocation

Weighting Return Low Return High ANEFX % Rank
Stocks
91.29% 29.09% 100.05% 84.94%
Cash
8.57% -0.05% 70.91% 7.72%
Other
0.14% -0.85% 4.91% 7.92%
Preferred Stocks
0.00% 0.00% 5.25% 33.20%
Convertible Bonds
0.00% 0.00% 3.25% 30.31%
Bonds
0.00% 0.00% 18.37% 34.17%

Stock Sector Breakdown

Weighting Return Low Return High ANEFX % Rank
Technology
33.34% -13.62% 52.78% 6.76%
Healthcare
17.69% 0.00% 25.71% 10.81%
Consumer Cyclical
14.18% -14.76% 36.98% 28.19%
Financial Services
13.99% 1.00% 63.01% 70.85%
Industrials
6.62% 0.00% 25.28% 78.96%
Communication Services
1.18% 0.00% 28.82% 67.76%
Consumer Defense
1.17% 0.00% 28.50% 94.02%
Utilities
1.16% 0.00% 8.11% 54.25%
Basic Materials
0.91% -1.53% 11.25% 80.31%
Energy
0.80% 0.00% 28.58% 77.41%
Real Estate
0.25% 0.00% 11.19% 71.24%

Stock Geographic Breakdown

Weighting Return Low Return High ANEFX % Rank
US
64.12% -1.64% 76.51% 14.29%
Non US
27.17% 0.00% 97.55% 90.15%

ANEFX - Expenses

Operational Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.08% 164.00% 87.68%
Management Fee 0.38% 0.00% 1.75% 11.58%
12b-1 Fee 0.25% 0.00% 1.00% 26.16%
Administrative Fee 0.01% 0.01% 0.30% 1.33%

Sales Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.10% 5.75% 3.45%
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 0.10% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 38.00% 4.00% 995.00% 41.18%

ANEFX - Distributions

Dividend Yield Analysis

ANEFX Category Low Category High ANEFX % Rank
Dividend Yield 0.52% 0.00% 75.69% 42.47%

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
Net Income Ratio 0.49% -1.64% 6.32% 61.62%

Capital Gain Distribution Analysis

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

ANEFX - Managers

Timothy D. Armour

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1991

28.76

28.8%

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.


Claudia P. Huntington

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1995

24.76

24.8%

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.


Harold H. La

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2006

13.67

13.7%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2017

1.75

1.8%

Caroline Jones is an equity portfolio manager at Capital Group. As an equity investment analyst she covers health care services, retail drug companies and homebuilding in the U.S. She has 20 years of investment experience and has been with Capital Group for 15 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.


Tenure Analysis

Category Low

0.0

Category High

28.76

Category Average

6.36

Category Mode

13.84