American Funds The New Economy Fund® Class A (ANEFX)

46.08
Net Asset Value
-0.56%
1 Day
+18.67%
Year-to-Date
Overall Morningstar Rating
Large growth
Style or Category
5.75
Sales Expenses
0.77%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks long term growth of capital; current income is a secondary consideration. 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 a significant portion of its assets in issuers based outside the United States, including those based in developing countries.

Performance

1 month+2.56% 3 years+16.49%
3 months+1.77% 5 years+10.34%
1 year+2.60% Since inception+11.32%
Data through --

Peer Comparisonvs. Large growth

 ANEFXCategory
Performance 5-yr return+10.34%+11.33%
Expense ratio0.77%1.08%
Risk 5 year sharpe ratio0.710.80
Net assets$21.4B$3.9B
Average market cap$56.5B$169.8B
Average P/E18.526.0
Portfolio turnover38%38%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyAmerican Funds
Fund manager & tenureTimothy Armour / 28 Years
Minimal initial investment$250.00
Minimum IRA investment$25.00

Holdings

U.S. stock64.12%
International stock27.17%
Cash8.57%
Fixed income0.14%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 21.64%
Telecommunication 16.61%
Healthcare 13.30%
Business service 12.82%
Consumer service 8.33%
Top 10 Holdings
Portfolio weighting
NFLX Netflix4.22%
AMZN Amazon2.44%
AVGO Broadcom Inc2.37%
FB Facebook2.23%
MU Micron Technology Inc2.23%
-- 1.77%
-- 1.76%
-- 1.72%
MSFT Microsoft1.59%
MA MasterCard1.49%