Mutual Funds - Profile

American Funds New Economy Fund

US > Multi-Cap > Growth

Rank

Universe Rank

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 More

Price

  • Last Close
  • $58.54
    -0.84
  • 52 Week HL
  • $61.08 - $46.11
  • Net Assets
  • $34171.8 M
  • Expense Ratio

Portfolio

  • Holdings
  • -
  • Turnover Ratio
  • -

Sector Allocation
Dec 31, 2020

Top 10 Holdings
Dec 31, 2020

Company Holding
Netflix Inc 4.4
Microsoft Corporation 3.4
Amazon Com 2.7
Broadcom Inc 2.5
Alphabet Inc 2.4
Company Holding
Ceridian HCM 2.4
Facebook Inc 2.2
Mastercard Incorporated 1.8
UnitedHealth Group 1.7
Tencent Music 1.7
Total 25.2%

Manager

  • Name
  • Timothy D. Armour
  • Leadership
  • Single Manager
  • Tenure
  • 2003
  • Advisor

Documents

  • Prospectus
  • Fact Sheet
  • Annual Reports

Performance
11.9 % YTD

  • 3 Year
  • 68.07%
  • 5 Year
  • 111.48%
  • Best
  • 43.91%
    2009
  • Worst
  • -42.35%
    2008

Returns +
A

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
RNGBX 19%37%34%-3%28%6%4%11%32%13%1%
S&P 500 21%16%29%-6%19%10%-1%11%30%13%0%

Returns +
Q

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 0.5% -16.7% 14.5% 5.1% 10.3% -3.3% 3.4% 0.9% 10.6% 16.4% -
Q2 7.6% 25% 0.2% 5.5% 6.1% -2% 4.5% 2.9% 3.7% -4.1% -
Q3 -0.7% 9.5% -2.9% 1.5% 8.3% 8.1% -10% -2% 10.3% 5.7% -
Q4 - 13% 2.2% -13.4% 5.2% -1% 6% 2.1% 11.7% 3.1% -

Returns +
M

J F M A M J J A S O N D
2021 -0.7% 2.4% -1.2% 4.7% -0.6% 3.4% 0.1% 3.4% -4.1% 4.3% - -
2020 0.2% -4.9% -12.6% 11.7% 5.9% 5.7% 5.2% 5.6% -1.4% -0.9% 11% 2.8%

Annual Return

Index Comparison

Alpha

NAV