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ANEFX American Funds New Economy A

  • Fund
  • ANEFX
  • Price as of: May 21, 2019
  • $43.95 + $0.34 + 0.78%
  • Category
  • Large Cap Growth Equities

ANEFX - Profile

Vitals

  • YTD Return 13.2%
  • 3 Yr Annualized Return 8.9%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $21.8 B
  • Holdings in Top 10 21.1%

52 WEEK LOW AND HIGH

$43.95
$36.69
$50.26

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

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 13.2%
  • 3 Yr Annualized Total Return 17.1%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.49%
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 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 - Performance

Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.2% -7.9% 26.7% 85.07%
1 Yr -10.8% -63.9% 13.6% 75.52%
3 Yr 8.9%* -38.0% 20.9% 28.71%
5 Yr 2.5%* -30.7% 21.4% 44.28%
10 Yr 9.6%* -12.3% 17.3% 37.65%

* Annualized


Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -65.5% 5.0% 47.86%
2017 24.1% -24.8% 41.0% 17.17%
2016 0.0% -56.6% 18.1% 48.63%
2015 -2.2% -38.0% 11.4% 39.52%
2014 -3.8% -52.4% 105.4% 79.18%

Total Return Ranking - Trailing

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.2% 0.0% 26.7% 85.15%
1 Yr -1.9% -63.9% 26.9% 52.80%
3 Yr 17.1%* -38.0% 27.3% 10.69%
5 Yr 10.4%* -30.7% 30.0% 30.50%
10 Yr 15.1%* -12.3% 19.0% 15.72%

* Annualized


Total Return Ranking - Calendar

Period ANEFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.4% -65.5% 16.5% 28.87%
2017 34.4% -24.8% 48.9% 8.01%
2016 4.7% -56.6% 26.8% 38.11%
2015 3.8% -38.0% 17.3% 33.86%
2014 5.4% -52.4% 120.7% 71.32%

NAV & Total Return History

ANEFX - Holdings

Concentration Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Assets 21.8 B 898 K 195 B 5.33%
Number of Holdings 205 6 2046 12.75%
Net Assets in Top 10 4.47 B 519 K 54.6 B 10.83%
Weighting of Top 10 21.13% 12.8% 2580.2% 94.59%

Top 10 Holdings

  1. Netflix Inc 4.15%

  2. Broadcom Inc 2.51%

  3. Amazon.com Inc 2.31%

  4. Micron Technology Inc 2.06%

  5. Samsung Electronics Co Ltd 1.96%

  6. Tencent Holdings Ltd 1.94%

  7. Galaxy Entertainment Group Ltd 1.76%

  8. Facebook Inc A 1.49%

  9. bluebird bio Inc 1.49%

  10. Alphabet Inc Class C 1.46%


Asset Allocation

Weighting Return Low Return High ANEFX % Rank
Stocks
91.83% 17.54% 113.56% 90.04%
Cash
8.03% -2546.61% 57.26% 7.25%
Other
0.14% -13.96% 43.00% 16.24%
Preferred Stocks
0.00% 0.00% 14.01% 41.48%
Convertible Bonds
0.00% 0.00% 2.57% 34.06%
Bonds
0.00% -0.01% 2544.23% 35.46%

Stock Sector Breakdown

Weighting Return Low Return High ANEFX % Rank
Technology
32.41% 0.00% 62.60% 42.79%
Healthcare
19.01% 0.00% 96.81% 14.41%
Consumer Cyclical
15.21% 0.00% 35.86% 53.80%
Financial Services
13.46% 0.00% 39.70% 44.54%
Industrials
6.66% 0.00% 25.15% 81.83%
Basic Materials
1.21% 0.00% 12.25% 65.33%
Utilities
1.19% 0.00% 15.76% 19.39%
Consumer Defense
1.13% 0.00% 16.35% 85.15%
Communication Services
0.94% 0.00% 14.60% 66.90%
Energy
0.46% 0.00% 14.90% 60.79%
Real Estate
0.15% 0.00% 9.48% 61.14%

Stock Geographic Breakdown

Weighting Return Low Return High ANEFX % Rank
US
62.42% 6.81% 113.56% 95.63%
Non US
29.41% 0.00% 91.58% 2.01%

ANEFX - Expenses

Operational Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.00% 15.15% 77.29%
Management Fee 0.38% 0.00% 1.44% 12.40%
12b-1 Fee 0.25% 0.00% 1.00% 35.18%
Administrative Fee 0.01% 0.00% 1.02% 2.33%

Sales Fees

ANEFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 8.50% 16.92%
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 0.05% 5.00% 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% 0.00% 650.00% 43.93%

ANEFX - Distributions

Dividend Yield Analysis

ANEFX Category Low Category High ANEFX % Rank
Dividend Yield 0.01% 0.00% 0.12% 20.17%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ANEFX Category Low Category High ANEFX % Rank
Net Income Ratio 0.49% -14.30% 2.62% 23.23%

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

28.35

28.4%

Armour is an equity portfolio manager and a Senior Vice President with Capital Research and Management Company.


Claudia P. Huntington

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1995

24.34

24.3%

Claudia P. Huntington is an equity portfolio manager at 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. Claudia is based in Los Angeles.


Mark E. Denning

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2002

17.25

17.3%

Mark E. Denning is an equity portfolio manager at 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.


Harold H. La

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2006

13.25

13.3%

Harold H. La is a Partner and equity portfolio manager of Capital Research and Management Company.


Tenure Analysis

Category Low

0.0

Category High

51.36

Category Average

8.53

Category Mode

0.0