ANEFX - American Funds New Economy A

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American Funds New Economy A

THE NEW ECONOMY FUND333 South Hope StreetLos Angeles, CA 90071-1406
Management Information
Timothy D. Armour,Lead Manager since December 31, 1990
Armour is an equity portfolio manager and a Senior Vice President with Capital Research and Management Company.
Morningstar Style Box
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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.

Fund Overview

CategoryLarge Growth
Fund FamilyAmerican Funds
Net Assets19.97B
YTD Return5.29%
Morningstar Rating★★★★
Inception DateNov 30, 1983

Fund Operations

Last Dividend0.08
Last Cap Gain0.00
Holdings Turnover28.00%
Average for CategoryN/A

Fees & Expenses

ExpenseANEFXCategory Average
Annual Report Expense Ratio (net)0.78%1.10%
Prospectus Net Expense Ratio0.78%N/A
Prospectus Gross Expense Ratio0.78%N/A
Max 12b1 Fee0.24%N/A
Max Front End Sales Load5.75%5.29%
Max Deferred Sales LoadN/A1.58%
3 Yr Expense Projection810N/A
5 Yr Expense Projection983N/A
10 Yr Expense Projection1,486N/A