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.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol CNGCX
Share Class Class 529-c
Index MSCI AC World NR USD
CNGCX had a total return of 27.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.28%.
