• American Funds New Economy Fund

American Funds
US, Multi-Cap Growth

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American Funds New Economy Fund

FNEFX

Summary

The fund seeks capital appreciation in the long term by investing in companies in the United States.

The investment process is designed to highlight companies in the benchmark index that have the potential for growth and to pay dividends.

The fund prefers a multi-manager investing approach to manage its assets. Under this approach, the portfolio of the fund is divided into segments managed by individual managers.

Then the research team focuses on attractively valued companies that represent good, long-term investment opportunities.

The team prefers companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest up to 50% of its net assets in issuers based outside the United States, including those based in developing countries.

The fund has the flexibility to invest in the stocks of smaller capitalization companies.

Strategy Process Research Risk Philosophy

Price

Last Close

$67.8 ( +0.37 )

52 Week HL

$67.8 - $49.23

Net Assets

$34171.8 M

Expense Ratio

1.24 %

Sector Allocation

Dec 31, 2020

Top 10 Holdings

Dec 31, 2020

Company Name

  • Netflix Inc
  • Microsoft Corporation
  • Amazon Com
  • Broadcom Inc
  • Alphabet Inc

Holding

  • 4.4
  • 3.4
  • 2.7
  • 2.5
  • 2.4

Company Name

  • Ceridian HCM
  • Facebook Inc
  • Mastercard Incorporated
  • UnitedHealth Group
  • Tencent Music
  • Total

Holding

  • 2.4
  • 2.2
  • 1.8
  • 1.7
  • 1.7
  • 25.2%

Manager

Name

Timothy D. Armour

Leadership

Single Manager

Tenure

2003

Advisor

Documents

Prospectus

Fact Sheet

Annual Reports

Website

Link

Performance

YTD

13.5 %

3 Year

74.1%

5 Year

0%

Best

30.23%
2020

Worst

-4.08%
2018

Returns +
Quarterly

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 0.8% -16.5% 14.8% 5.4% - - - - - - -
Q2 7.9% 25.4% 0.5% 5.8% 6.3% - - - - - -
Q3 4.4% 9.8% -2.6% 1.7% 8.6% - - - - - -
Q4 - 13.2% 2.5% -13.2% 5.5% - - - - - -

Returns +
Monthly

J F M A M J J A S O N D
2021 -0.6% 2.5% -1.1% 4.8% -0.5% 3.5% 0.2% 3.5% 0.7% - - -
2020 0.3% -4.8% -12.5% 11.9% 6% 5.8% 5.3% 5.6% -1.3% -0.8% 11.1% 2.8%

Returns +
Annual

    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    20%37%34%-3%28%6%4%11%32%13%1%

Alpha

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
FNEFX 14%30%18%-4%-------
Russell 3000 20%37%34%-3%28%6%4%11%32%13%1%
Alpha -7%-7%-16%-1%-------

FNEFX Russell 3000

Chart +