American Funds The New Economy Fund® Class 529-F (CNGFX)
| Fund Assets | 45.22B |
| Expense Ratio | 0.83% |
| Min. Investment | $250 |
| Turnover | 36.00% |
| Dividend (ttm) | 7.21 |
| Dividend Yield | 9.96% |
| Dividend Growth | 23.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2025 |
| Previous Close | 72.28 |
| YTD Return | 1.22% |
| 1-Year Return | 25.78% |
| 5-Year Return | 56.12% |
| 52-Week Low | 46.09 |
| 52-Week High | 75.62 |
| Beta (5Y) | n/a |
| Holdings | 207 |
| Inception Date | Oct 11, 2002 |
About CNGFX
American Funds The New Economy Fund 529-F-1 is a global large-cap growth mutual fund focused on achieving long-term capital appreciation. The fund primarily invests in common stocks of companies that are poised for growth and benefit from evolving economic trends. With U.S. equities constituting over 70% of its portfolio and the remainder diversified across non-U.S. markets, it provides broad international exposure. The fund is notable for its sector concentration in information technology, health care, consumer discretionary, financials, and industrials, reflecting an emphasis on industries driving innovation and economic transformation. Additionally, it maintains a significant allocation to mid- and small-cap companies, distinguishing it from many peers and offering access to a wider range of growth opportunities. Since its inception in 1983, The New Economy Fund has served investors seeking diversified participation in both established and emerging sectors globally, while being managed with an active approach to uncovering growth potential across market capitalizations and geographies.
Performance
CNGFX had a total return of 25.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.34%.
Top 10 Holdings
39.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 6.05% |
| SK hynix Inc. | 000660 | 5.46% |
| Microsoft Corporation | MSFT | 4.88% |
| Micron Technology, Inc. | MU | 4.39% |
| NVIDIA Corporation | NVDA | 4.34% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 3.29% |
| Amazon.com, Inc. | AMZN | 3.16% |
| Eli Lilly and Company | LLY | 2.85% |
| Capital Group Central Cash Fund | n/a | 2.78% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2025 | $7.2144 | Dec 17, 2025 |
| Dec 17, 2024 | $5.8623 | Dec 18, 2024 |
| Dec 13, 2023 | $2.213 | Dec 14, 2023 |
| Dec 14, 2022 | $0.0433 | Dec 15, 2022 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.6381 | Dec 17, 2020 |