American Funds The New Economy Fund (ANEFX)
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets in issuers based outside the United States, including those based in developing countries.
Fund Info
| ISIN | US6438221094 |
|---|---|
| CUSIP | 643822109 |
| Issuer | American Funds |
| Inception Date | Nov 30, 1983 |
| Category | Global Equities |
| Min. Investment | $250 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
ANEFX has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in American Funds The New Economy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
American Funds The New Economy Fund had a return of 7.41% year-to-date (YTD) and 25.53% in the last 12 months. Over the past 10 years, American Funds The New Economy Fund had an annualized return of 10.58%, while the S&P 500 benchmark had an annualized return of 10.55%, indicating that American Funds The New Economy Fund performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.41% | 7.26% |
| 1 month | -3.16% | -2.63% |
| 6 months | 24.64% | 22.78% |
| 1 year | 25.53% | 22.71% |
| 5 years (annualized) | 9.41% | 11.87% |
| 10 years (annualized) | 10.58% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.52% | 5.95% | 3.12% | |||||||||
| 2023 | -1.66% | 9.47% | 5.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ANEFX is 75, placing it in the top 25% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
American Funds The New Economy Fund(ANEFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for American Funds The New Economy Fund (ANEFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
American Funds The New Economy Fund granted a 3.69% dividend yield in the last twelve months. The annual payout for that period amounted to $2.14 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.14 | $2.14 | $0.00 | $4.67 | $1.47 | $3.36 | $3.88 | $3.70 | $1.66 | $2.22 | $3.43 | $2.66 |
Dividend yield | 3.69% | 3.96% | 0.00% | 7.55% | 2.47% | 7.34% | 10.00% | 8.28% | 4.61% | 6.16% | 9.31% | 6.96% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds The New Economy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.67 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.36 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.88 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.70 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.66 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.22 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.43 |
| 2013 | $2.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds The New Economy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds The New Economy Fund was 64.86%, occurring on Dec 11, 1987. Recovery took 311 trading sessions.
The current American Funds The New Economy Fund drawdown is 6.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -64.86% | Sep 8, 1987 | 69 | Dec 11, 1987 | 311 | Feb 20, 1989 | 380 |
| -62.3% | Nov 24, 1989 | 230 | Oct 11, 1990 | 92 | Feb 18, 1991 | 322 |
| -60.55% | Mar 27, 2000 | 634 | Oct 9, 2002 | 1036 | Nov 21, 2006 | 1670 |
| -56.07% | Dec 27, 1993 | 281 | Jan 23, 1995 | 1028 | Dec 31, 1998 | 1309 |
| -55.16% | Jul 7, 1986 | 127 | Dec 30, 1986 | 34 | Feb 16, 1987 | 161 |
Volatility
Volatility Chart
The current American Funds The New Economy Fund volatility is 4.87%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.