American Funds The New Economy Fund® Class F-2 (NEFFX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
64.78
-0.50 (-0.77%)
Feb 20, 2025, 4:00 PM EST
13.97%
Fund Assets 21.62B
Expense Ratio 0.52%
Min. Investment $250
Turnover n/a
Dividend (ttm) 5.89
Dividend Yield 9.09%
Dividend Growth 159.97%
Payout Frequency Annual
Ex-Dividend Date Dec 17, 2024
Previous Close 65.28
YTD Return 5.64%
1-Year Return 24.44%
5-Year Return 68.67%
52-Week Low n/a
52-Week High n/a
Beta (5Y) n/a
Holdings 214
Inception Date Aug 1, 2008

About NEFFX

NEFFX was founded on 2008-08-01. The Fund's investment strategy focuses on Global with 0.52% total expense ratio. The minimum amount to invest in New Economy Fund; Class F2 Shares is $250 on a standard taxable account. New Economy Fund; Class F2 Shares seeks long-term growth of capital. NEFFX invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. NEFFX invests primarily in common stocks that have the potential for growth.

Category World Large-Stock Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol NEFFX
Share Class Class F-2
Index MSCI AC World NR USD

Performance

NEFFX had a total return of 24.44% in the past year. Since the fund's inception, the average annual return has been 11.78%, including dividends.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
RNGGX Class R-6 0.41%
FNEFX Class F-3 0.41%
RNGFX Class R-5 0.46%
FNNEX Class 529-f-3 0.47%

Top 10 Holdings

35.44% of assets
Name Symbol Weight
Broadcom Inc. AVGO 7.34%
Amazon.com, Inc. AMZN 5.01%
Microsoft Corporation MSFT 4.92%
Meta Platforms, Inc. META 3.41%
Capital Group Central Cash Fund n/a 3.22%
NVIDIA Corporation NVDA 2.89%
Taiwan Semiconductor Manufacturing Company Limited 2330 2.69%
Eli Lilly and Company LLY 2.02%
Taiwan Semiconductor Manufacturing Company Limited TSM 1.99%
MercadoLibre, Inc. MELI 1.94%
View More Holdings

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
Full Dividend History