American Funds The New Economy Fund® Class 529-C (CNGCX)
| Fund Assets | 36.22B |
| Expense Ratio | 1.58% |
| Min. Investment | $250 |
| Turnover | 36.00% |
| Dividend (ttm) | 5.86 |
| Dividend Yield | 10.48% |
| Dividend Growth | 191.95% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 55.92 |
| YTD Return | 10.13% |
| 1-Year Return | 13.78% |
| 5-Year Return | 65.33% |
| 52-Week Low | 42.50 |
| 52-Week High | 59.00 |
| Beta (5Y) | n/a |
| Holdings | 214 |
| Inception Date | Feb 21, 2002 |
About CNGCX
American Funds The New Economy Fund® Class 529-C is a globally diversified mutual fund designed to achieve long-term capital growth. Managed by Capital Group, the fund primarily invests in common stocks of companies worldwide that are positioned to benefit from innovation and economic transformation. Its portfolio is heavily weighted towards U.S. equities, making up over 70% of assets, while also maintaining a notable allocation to non-U.S. equities, reflecting a broad opportunity set across developed and emerging markets. The fund focuses on sectors such as information technology, healthcare, consumer discretionary, and financials, targeting firms that demonstrate strong potential for growth driven by advancements in technology and changing market dynamics. With over $36 billion in assets and nearly 200 holdings as of mid-2025, the fund operates with a moderate turnover rate, seeking to balance opportunity and risk. Offered as a 529 plan share class, it is specifically tailored for education savings, providing investors tax-advantaged exposure to a growth-oriented investment strategy within the global large-cap stock universe.
Performance
CNGCX had a total return of 13.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.32%.
Top 10 Holdings
34.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 5.01% |
| Broadcom Inc. | AVGO | 4.92% |
| Amazon.com, Inc. | AMZN | 4.65% |
| Capital Group Central Cash Fund | n/a | 4.27% |
| Meta Platforms, Inc. | META | 3.36% |
| NVIDIA Corporation | NVDA | 2.86% |
| SK hynix Inc. | 000660 | 2.51% |
| Eli Lilly and Company | LLY | 2.45% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 2.31% |
| MercadoLibre, Inc. | MELI | 2.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $5.8623 | Dec 18, 2024 |
| Dec 13, 2023 | $2.008 | Dec 14, 2023 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.4614 | Dec 17, 2020 |
| Dec 18, 2019 | $3.2068 | Dec 19, 2019 |
| Dec 19, 2018 | $3.6474 | Dec 20, 2018 |