American Funds New Economy’s robust, global resources and flexible approach merit Above Average People and Process ratings.
American Funds New Economy 529F CNGFX
- NAV / 1-Day Return 59.77 / −0.18 %
- Total Assets 33.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.870%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Global Large-Stock Growth
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield —
- Turnover 39%
USD | NAV as of May 22, 2024 | 1-Day Return as of May 22, 2024, 10:11 PM GMT+0
Morningstar’s Analysis CNGFX
Will CNGFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 31.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Broadcom Inc | 6.64 | 2.2 Bil | Technology |
Microsoft Corp | 6.48 | 2.2 Bil | Technology |
Meta Platforms Inc Class A | 3.27 | 1.1 Bil | Communication Services |
Amazon.com Inc | 2.96 | 999.8 Mil | Consumer Cyclical |
Capital Group Central Cash Fund | 2.53 | 855.8 Mil | Cash and Equivalents |
NVIDIA Corp | 2.35 | 793.7 Mil | Technology |
Eli Lilly and Co | 2.28 | 770.1 Mil | Healthcare |
Micron Technology Inc | 2.05 | 693.7 Mil | Technology |
UnitedHealth Group Inc | 2.04 | 689.2 Mil | Healthcare |
Thermo Fisher Scientific Inc | 1.94 | 656.4 Mil | Healthcare |