American Funds New Economy F2 (NEFFX)
| Fund Assets | 41.71B |
| Expense Ratio | 0.52% |
| Min. Investment | $250 |
| Turnover | 36.00% |
| Dividend (ttm) | 5.89 |
| Dividend Yield | 7.47% |
| Dividend Growth | 159.97% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 78.67 |
| YTD Return | 28.57% |
| 1-Year Return | 28.95% |
| 5-Year Return | 91.38% |
| 52-Week Low | 51.80 |
| 52-Week High | 79.68 |
| Beta (5Y) | n/a |
| Holdings | 210 |
| Inception Date | Aug 1, 2008 |
About NEFFX
The American Funds The New Economy Fund is an open-end equity mutual fund designed to provide long-term growth of capital. It invests primarily in common stocks of companies that can benefit from innovation, exploit new technologies, or provide products and services meeting the demands of an evolving global economy. The fund focuses on sectors such as information technology, healthcare, consumer discretionary, and financials, with a significant portion of its assets dedicated to U.S. equities, while also investing in non-U.S. equities. The fund’s strategy involves fundamental analysis to identify growth potential across various market capitalizations. It is managed by Capital Research and Management Company and serves as a key investment vehicle for those seeking exposure to global large-cap growth stocks.
Performance
NEFFX had a total return of 28.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.55%.
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 | $5.8898 | Dec 18, 2024 |
| Dec 13, 2023 | $2.2656 | Dec 14, 2023 |
| Dec 14, 2022 | $0.0844 | Dec 15, 2022 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.5971 | Dec 17, 2020 |
| Dec 18, 2019 | $3.4527 | Dec 19, 2019 |