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American Funds New Economy A (ANEFX)

63.08 +0.66 (+1.06%)
At close: 8:01 PM EDT

Fund Summary

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 outside the United States, including in developing countries.

American Funds New Economy A

Los Angeles, CA 90071-1406
333 South Hope Street
(213) 486-9200

Fund Overview

Category World Large-Stock Growth
Fund Family American Funds
Net Assets 33B
YTD Return 10.14%
Yield 0.21%
Morningstar Rating
Inception Date Oct 30, 2020

Fund Operations

Last Dividend 0.13
Last Cap Gain 34.00
Holdings Turnover 39.00%
Average for Category --

Fees & Expenses

Expense ANEFX Category Average
Annual Report Expense Ratio (net) 0.41% 1.12%
Prospectus Net Expense Ratio 0.41% --
Prospectus Gross Expense Ratio 0.41% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.37%
Max Deferred Sales Load -- 1.26%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Reed Lowenstein is a portfolio manager at Capital Group. He has 24 years of investment experience, all with Capital Group. Earlier in his career at Capital, he was an equity investment analyst with research responsibility for U.S. and European materials, electrical equipment, consumer durables & apparel, as well as European semiconductors, machinery and renewable energy companies. He holds a master’s degree from Stanford Graduate School of Business and a bachelor’s degree in drama from Tufts University, graduating magna cum laude and Phi Beta Kappa. Reed is based in New York.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. MORNING_STAR_STYLE_BOX

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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