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Morningstar

American Funds New Economy 529A CNGAX

Morningstar Analyst Rating
Analyst rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 47.12  /  1.38 %
  • Total Assets 27.2 Bil
  • Adj. Expense Ratio
    —
  • Expense Ratio 0.760%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Global Large-Stock Growth
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 0.00
  • Turnover 35%

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis CNGAX

Will CNGAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CNGAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CNGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CNGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An Upcoming Manager Retirement on American Funds New Economy Does Not Change Ratings

Senior Analyst

Analyst Note

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