American Funds New Economy 529E (CNGEX)
41.39
+0.25 (+0.61%)
USD |
Jul 01 2022
Returns Chart
Key Stats
Customize
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.01% | 24.63B | 0.00% | 28.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 194.82M | -28.42% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks long term growth of capital. 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | ANEFX |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | International Equity |
| Broad Category | Equity |
| Category Name | Global Large-Stock Growth |
| Category Index | MSCI ACWI Growth NR USD |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | American Funds |
| Prospectus Benchmark Index | |
| MSCI ACWI NR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACXUSNTR | 100.0% |
| Manager Tenure | |
| Timothy Armour | 31.44 yrs |
| Harold La | 16.34 yrs |
| Caroline Jones | 4.42 yrs |
| Reed Lowenstein | 3.67 yrs |
| Mathews Cherian | 3.42 yrs |
| Richmond Wolf | 3.42 yrs |
| Tomoko Fortune | 2.67 yrs |
| Lara Pellini | 1.33 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category Low
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Category High
1 Year
% Rank:
14
194.82M
-3.570B
Category Low
1.532B
Category High
3 Months
% Rank:
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Category Low
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Category High
3 Years
% Rank:
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6 Months
% Rank:
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Category Low
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Category High
5 Years
% Rank:
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Category Low
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Category High
YTD
% Rank:
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Category Low
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Category High
10 Years
% Rank:
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Category Low
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Category High
As of June 30, 2022
Performance Versus Category
As of July 01, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of July 01, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Capital Group Central Cash Fund
|
8.82% | -- | -- |
| Microsoft Corp | 4.66% | 259.58 | 1.07% |
| Broadcom Inc | 3.60% | 477.84 | -1.64% |
| Amazon.com Inc | 3.11% | 109.56 | 3.15% |
| UnitedHealth Group Inc | 2.73% | 517.40 | 0.73% |
| Micron Technology Inc | 2.48% | 53.65 | -2.95% |
| Thermo Fisher Scientific Inc | 1.90% | 548.27 | 0.92% |
| Alphabet Inc Class C | 1.79% | 2181.62 | -0.27% |
| Netflix Inc | 1.71% | 179.95 | 2.90% |
| Alphabet Inc Class A | 1.63% | 2174.75 | -0.21% |
Basic Info
| Investment Strategy | |
| The investment seeks long term growth of capital. 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | ANEFX |
| Equity Style | Large Cap/Growth |
| Fixed Income Style | -- |
| Broad Asset Class | International Equity |
| Broad Category | Equity |
| Category Name | Global Large-Stock Growth |
| Category Index | MSCI ACWI Growth NR USD |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | American Funds |
| Prospectus Benchmark Index | |
| MSCI ACWI NR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACXUSNTR | 100.0% |
| Manager Tenure | |
| Timothy Armour | 31.44 yrs |
| Harold La | 16.34 yrs |
| Caroline Jones | 4.42 yrs |
| Reed Lowenstein | 3.67 yrs |
| Mathews Cherian | 3.42 yrs |
| Richmond Wolf | 3.42 yrs |
| Tomoko Fortune | 2.67 yrs |
| Lara Pellini | 1.33 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (7-1-22) | 0.00% |
| 30-Day SEC Yield (5-31-22) | Upgrade |
| 7-Day SEC Yield (8-31-17) | Upgrade |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 24.16 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of March 31, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 3/15/2002 |
| Last Annual Report Date | 11/30/2021 |
| Last Prospectus Date | 2/1/2022 |
| Share Classes | |
| ANEFX | A |
| ANFCX | C |
| ANFFX | Other |
| CNGAX | A |
| CNGCX | C |
| CNGFX | Other |
| FNEEX | Other |
| FNEFX | Inst |
| FNNEX | Other |
| NEFFX | Other |
| RNGAX | Retirement |
| RNGBX | Retirement |
| RNGCX | Retirement |
| RNGEX | Retirement |
| RNGFX | Retirement |
| RNGGX | Retirement |
| RNGHX | Retirement |
| RNNEX | Retirement |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |