Development
American Funds The New Economy Fund® Class 529-C
CNGCX
NASDAQ
| Weiss Ratings | CNGCX-NASDAQ | Click to Compare |
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| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Fair | |||
| Risk Grade | C | |||
| Company Info | CNGCX-NASDAQ | Click to Compare |
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| Provider | American Funds | |||
| Manager/Tenure (Years) | Harold H. La (19), Caroline Jones (7), Reed Lowenstein (6), 5 others | |||
| Website | http://www.americanfunds.com | |||
| Fund Information | CNGCX-NASDAQ | Click to Compare |
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| Fund Name | American Funds The New Economy Fund® Class 529-C | |||
| Category | Global Large-Stock Growth | |||
| Sub-Category | Global Equity Large Cap | |||
| Prospectus Objective | Growth | |||
| Inception Date | Feb 21, 2002 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 250.00 | |||
| Minimum Subsequent Investment | 50.00 | |||
| Front End Fee | -- | |||
| Back End Fee | 0.01 | |||
| Dividends and Shares | CNGCX-NASDAQ | Click to Compare |
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| Dividend Yield | 0.00% | |||
| Dividend | CNGCX-NASDAQ | Click to Compare |
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| Dividend Yield (Forward) | 0.83% | |||
| Asset Allocation | CNGCX-NASDAQ | Click to Compare |
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| Cash | 3.13% | |||
| Stock | 95.89% | |||
| U.S. Stock | 73.40% | |||
| Non-U.S. Stock | 22.49% | |||
| Bond | 0.00% | |||
| U.S. Bond | 0.00% | |||
| Non-U.S. Bond | 0.00% | |||
| Preferred | 0.43% | |||
| Convertible | 0.02% | |||
| Other Net | 0.52% | |||
| Price History | CNGCX-NASDAQ | Click to Compare |
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| 7-Day Total Return | -4.63% | |||
| 30-Day Total Return | -6.56% | |||
| 60-Day Total Return | -9.98% | |||
| 90-Day Total Return | -5.49% | |||
| Year to Date Total Return | -5.49% | |||
| 1-Year Total Return | 5.40% | |||
| 2-Year Total Return | 35.25% | |||
| 3-Year Total Return | 20.13% | |||
| 5-Year Total Return | 88.86% | |||
| Price | CNGCX-NASDAQ | Click to Compare |
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| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | CNGCX-NASDAQ | Click to Compare |
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| Nav | $47.68 | |||
| 1-Month Low NAV | $47.38 | |||
| 1-Month High NAV | $50.61 | |||
| 52-Week Low NAV | $47.38 | |||
| 52-Week Low NAV (Date) | Mar 31, 2025 | |||
| 52-Week High NAV | $59.00 | |||
| 52-Week High Price (Date) | Dec 16, 2024 | |||
| Beta / Standard Deviation | CNGCX-NASDAQ | Click to Compare |
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| Beta | 1.02 | |||
| Standard Deviation | 17.47 | |||
| Balance Sheet | CNGCX-NASDAQ | Click to Compare |
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| Total Assets | 33.45B | |||
| Operating Ratios | CNGCX-NASDAQ | Click to Compare |
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| Expense Ratio | 1.54% | |||
| Turnover Ratio | 36.00% | |||
| Performance | CNGCX-NASDAQ | Click to Compare |
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| Last Bull Market Total Return | 17.93% | |||
| Last Bear Market Total Return | -19.69% | |||