American Funds New Economy F3 (FNEFX)
| Fund Assets | 41.71B |
| Expense Ratio | 0.41% |
| Min. Investment | $250 |
| Turnover | 36.00% |
| Dividend (ttm) | 5.95 |
| Dividend Yield | 7.51% |
| Dividend Growth | 157.09% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 79.11 |
| YTD Return | 28.70% |
| 1-Year Return | 29.09% |
| 5-Year Return | 92.40% |
| 52-Week Low | 52.07 |
| 52-Week High | 80.13 |
| Beta (5Y) | n/a |
| Holdings | 210 |
| Inception Date | Jan 27, 2017 |
About FNEFX
American Funds New Economy Fund F3 is an actively managed mutual fund focused on achieving long-term capital growth. The fund primarily invests in common stocks of companies poised to benefit from innovation, emerging technologies, and shifting global economic trends. With a diversified portfolio spanning more than 190 holdings, it maintains a strong orientation toward large-cap growth equities but also allocates a notable portion—typically 20% to 33%—to mid- and small-cap companies, resulting in a lower average market capitalization compared to many peers. The fund’s top holdings frequently include major technology and healthcare leaders, reflecting its commitment to sectors driving transformative change. While the bulk of assets are invested in U.S. equities, it maintains considerable international exposure, including positions in Europe, Japan, and emerging markets. American Funds New Economy Fund F3 is widely recognized within the global large-stock growth category and is distinguished by its competitive expense ratio, moderate turnover, and disciplined annual distribution schedule. Its purpose is to provide investors diversified access to growth opportunities shaped by the evolving dynamics of the world economy.
Performance
FNEFX had a total return of 29.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.10%.
Top 10 Holdings
38.34% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 6.05% |
| Microsoft Corporation | MSFT | 5.48% |
| NVIDIA Corporation | NVDA | 4.57% |
| Capital Group Central Cash Fund | n/a | 4.47% |
| SK hynix Inc. | 000660 | 3.45% |
| Amazon.com, Inc. | AMZN | 3.44% |
| Micron Technology, Inc. | MU | 3.24% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 3.05% |
| Meta Platforms, Inc. | META | 2.34% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.23% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $5.952 | Dec 18, 2024 |
| Dec 13, 2023 | $2.3151 | Dec 14, 2023 |
| Dec 14, 2022 | $0.1396 | Dec 15, 2022 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.6355 | Dec 17, 2020 |
| Dec 18, 2019 | $3.4964 | Dec 19, 2019 |