New Economy Fund
New Economy Fund · Series S000009598 · 21 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the fund is long-term growth of capital.
The fund invests primarily in common stocks of companies positioned to benefit from innovation and new technologies in a changing global economy, selected by the investment adviser for their growth potential and attractive valuation. The fund may hold up to 50% of assets outside the United States, including in developing countries, and may invest in smaller-capitalization stocks. A multi-manager structure divides the portfolio into segments managed by individual portfolio managers. Because security selection depends on the investment adviser's judgment about which companies represent good long-term opportunities, fund performance will diverge from any benchmark based on the adviser's stock-picking decisions.
| Share class | Expense ratio |
|---|---|
| ANEFX | 0.72% |
| RNGAX | 1.49% |
| RNGBX | 1.49% |
| RNGCX | 1.05% |
| RNGEX | 0.75% |
| RNGFX | 0.45% |
| ANFCX | 1.48% |
| ANFFX | 0.78% |
| CNGAX | 0.75% |
| CNGCX | 1.52% |
| CNGEX | 1.00% |
| CNGFX | 0.83% |
| NEFFX | 0.51% |
| RNGGX | 0.40% |
| RNNEX | 1.20% |
| RNGHX | 0.55% |
| FNEFX | 0.40% |
| TENEX | 0.78% |
| TNEEX | 0.73% |
| FNEEX | 0.51% |
| FNNEX | 0.45% |
Portfolio turnover 36.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 94.19% |
| Cash & short-term | 5.81% |
| Bonds | 0.01% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
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Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 67.1% |
| Floating rate | 32.9% |
Share of the fund's debt value in each maturity band, shortest first.
| 5-10y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| MU | MICRON TECHNOLOGY INCMU | 6.05% | $2.72B | 6.6M |
| — | CAPITAL GROUP CENTRAL CASH FUND | 5.81% | $2.62B | — |
| — | SK HYNIX INC | 5.15% | $2.32B | 3.1M |
| AVGO | BROADCOM INCAVGO | 4.71% | $2.12B | 6.6M |
| NVDA | NVIDIA CORPNVDA | 3.13% | $1.41B | 8.0M |
| — | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 2.99% | $1.35B | 21.1M |
| MSFT | MICROSOFT CORPMSFT | 2.96% | $1.33B | 3.4M |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTDTSM | 2.78% | $1.25B | 3.3M |
| GOOGL | ALPHABET INCGOOGL | 2.68% | $1.21B | 3.9M |
| AMZN | AMAZON.COM INCAMZN | 2.33% | $1.05B | 5.0M |
Top 10 positions are 38.59% of net assets, top 25 58.09%, across 168 issuers.
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