Fund Details

Notice: Effective February 1, 2020, the fund's investment objective will be long-term growth of capital. However, current income will remain a consideration in the management of the fund.
Notice: Effective February 1, 2020, the fund’s primary benchmark is MSCI All Country World Index (ACWI).

Summary

Internal Prompt

A dynamic approach to growth investing. Seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy.

Price at NAV $46.66 as of 5/27/2022 (updated daily)

Fund Assets (millions) $26,903.5

Portfolio Managers

Expense Ratio

0.74%

Prospectus (PDF)

Internal Prompt

Returns at NAV
Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Read important investment disclosures

-24.06%

1-year return

8.92%

5-year return

11.43%

10-year return

-0.19%

30-Day SEC Yield

Returns as of 4/30/22 (updated monthly). Yield as of 4/30/22 (updated monthly).

Asset Mix

	U.S. Equities73.3%		Non-U.S. Equities17.4%
	U.S. Bonds0.0%		Non-U.S. Bonds0.0%
	Cash & Equivalents 9.3%

	U.S. Equities73.3%
	Non-U.S. Equities17.4%
	U.S. Bonds0.0%
	Non-U.S. Bonds0.0%
	Cash & Equivalents 9.3%

As of 4/30/2022 (updated monthly)

Growth of 10K
High & Low Prices

Growth of 10K

Read important investment disclosures

For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.

VIEW LARGER CHART

ANEFX

MSCI All Country World Index (ACWI)

VIEW LARGER CHART

High & Low Prices

Market Capitalization

75.5%

Large

22.3%

Medium

2.2%

Small

$101,227.27 Million

Weighted Average

As of 3/31/2022 (updated quarterly). Morningstar data as of 3/31/2022 (updated quarterly).

Morningstar Ownership Zone^TM

Global Large-Stock Growth

Weighted average of holdings

75% of fund's stock holdings

Morningstar data as of 3/31/22 (updated quarterly)

INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Description

Fund Objective

The investment objective of the fund is long-term growth of capital.

Distinguishing Characteristics

This strategy seeks growth by investing in companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. While a majority of assets are invested in U.S.-domiciled companies, the strategy has notable flexibility to pursue growth opportunities globally.

Types of Investments

Invests primarily in common and preferred stocks, securities convertible into common stocks, and cash and equivalents.

Fund Facts

Fund Inception	12/01/1983
Fund Assets (millions) As of 4/30/2022	$26,903.5
Companies/Issuers Holdings are as of 3/31/2022 (updated quarterly).	245+
Shareholder Accounts Shareholder accounts are as of 4/30/2022	651,931
Regular Dividends Paid	Dec

Minimum Initial Investment	$250
Capital Gains Paid	Dec
Portfolio Turnover (2021)	28%
Fiscal Year-End	Nov
Prospectus Date	02/01/2022
CUSIP	643822 10 9
Fund Number	14

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Internal Prompt

Month-End Returns as of 4/30/22
Quarter-End Returns as of 3/31/22

ANNUAL RETURNS CHART

Month-End Returns as of 4/30/22

Returns at NAV

| With Sales Charge

Read important investment disclosures

ANEFX

MSCI All Country World Index (ACWI)

ANNUAL RETURNS CHART

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

VIEW LARGER CHART

Read important investment disclosures

Equities

For Class A Shares, this chart tracks the 10-year standard deviation

and 10-year annualized return of the equity funds

ANEFX

MSCI All Country World Index (ACWI)

Other AF Funds

Standard Deviation as of 04/30/2022 (updated monthly) . Annualized return as of 04/30/2022 (updated monthly) .

VIEW LARGER CHART

Internal Prompt

Yield

	12-month
	Distribution Rates	30-day SEC Yield
Fund at NAV	0.00%	N/A
Fund at MOP	0.00%	-0.19%

As of 4/30/2022 (updated monthly)

Valuation

	Price/	Price/	Price/
	Book	Cash Flow	Earnings
Fund	4.22	14.94	23.88
MSCI All Country World Index (ACWI)	2.50	10.10	16.50

Fund as of 3/31/22. Index as of 3/31/22.

Portfolio Management

Years of Experience with Fund

Years of Experience with Capital Group

Years of Experience with Investment Industry

Timothy D. Armour 39 39 31

Mathews Cherian 25 18 4

Tomoko Fortune 26 3 2

Caroline Jones 23 18 5

Harold H. La 24 23 16

Reed Lowenstein 24 24 3

Lara Pellini 20 20 1

Richmond Wolf 25 16 4

Timothy D. Armour	31	39
Mathews Cherian	4	18	25
Tomoko Fortune	2	3	26
Caroline Jones	5	18	23
Harold H. La	16	23	24
Reed Lowenstein	3	24
Lara Pellini	1	20
Richmond Wolf	4	16	25

A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating ^TM

Overall Morningstar Rating^TM Funds rated(311)
3-yr. Morningstar Rating^TM (311 funds rated)
5-yr. Morningstar Rating^TM (273 funds rated)
10-yr. Morningstar Rating^TM (168 funds rated)
Overall Morningstar Risk	Average HIGH LOW
Category	Global Large-Stock Growth

ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS

Ratings are based on risk-adjusted returns as of 4/30/2022 (updated monthly).

Risk Measures

Read important investment disclosures

Fund
Standard Deviation	14.77
Sharpe Ratio	0.81
For the 10 Years ending 4/30/22 (updated monthly).
	American Funds/ Morningstar Benchmark
	MSCI ACWI NR USD
R-squared	84
Beta	1.00
Capture Ratio (Downside/Upside)	91/106
American Funds and Morningstar Benchmark for the 10 Years ending 4/30/22 (updated monthly).
Active Share	72.1%

As of 3/31/22 (updated quarterly)

Holdings

Equities Breakdown

Sectors | Top Industries

Equity Fund Holdings

	Information technology 31.7%
	Health care 16.7%
	Consumer discretionary 12.1%
	Communication services 10.7%
	Financials 9.8%
	Industrials 6.7%
	Consumer staples 1.0%
	Utilities 0.8%
	Real estate 0.6%
	Materials 0.5%
	Energy 0.5%

% of net assets as of 3/31/2022 (updated quarterly)

Microsoft

4.7%

Broadcom

3.5%

Alphabet

3.2%

UnitedHealth Group

3.1%

Amazon

2.7%

Micron Technology

2.7%

Thermo Fisher Scientific

2.1%

Kotak Mahindra Bank

1.8%

Mastercard Inc

1.5%

TSMC

1.5%

% of net assets as of 4/30/2022 (updated monthly)

QUARTERLY HOLDINGS

Geographic Breakdown

Regions | Top Countries

United States

74.0%

Europe

4.0%

Asia & Pacific Basin

11.4%

Other (Including Canada & Latin America)

1.7%

Cash & equivalents

8.9%

% of net assets as of 3/31/2022 (updated quarterly)

The New Geography of Investing ®

Equity Portion Breakdown by Domicile | Equity Portion Breakdown by Revenue

Regions	Fund	MSCI All Country World Index (ACWI)
United States	81.2%	61.4%
Canada	1.1%	3.2%
Europe	4.4%	15.9%
Japan	1.3%	5.4%
Asia-Pacific ex. Japan	1.4%	3.1%
Emerging Markets	10.5%	11.0%

% of net assets as of 3/31/2022 (updated quarterly)

Regions	Fund	MSCI All Country World Index (ACWI)
United States	74.0%	61.4%
Canada	1.0%	3.2%
Europe	4.0%	15.9%
Japan	1.2%	5.4%
Asia-Pacific ex. Japan	1.3%	3.1%
Emerging Markets	9.6%	11.0%
Cash & Equivalents	8.9%	0.0%

% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End
Historical Prices Year-End

FIND HISTORICAL PRICES

Historical Prices Month-End

2022

FIND HISTORICAL PRICES

Historical Prices Year-End

Internal Prompt

Historical Distributions
as of 01/26/22

Historical Distributions as of 01/26/22

2021

Record Date	Calculated Date	Pay Date	Income Dividend Regular	Income Dividend Special	Cap. Gains Long-Term	Cap. Gains Short-Term	Reinvest NAV
12/15/21	12/15/21	12/16/21	$0.00	$0.00	$4.672	$0.00	$60.78
		2021 Year-to-Date:	Dividends Subtotal: $0.00		Cap Gains Subtotal: $4.672
			Total Distributions: $4.672

Rate	As of Date
0.00000000	12/16/2021
0.00000000	12/17/2021
0.00000000	12/20/2021
0.00000000	12/21/2021
0.00000000	12/22/2021
0.00000000	12/23/2021
0.00000000	12/27/2021
0.00000000	12/28/2021
0.00000000	12/29/2021
0.00000000	12/30/2021
0.00000000	12/31/2021
0.00000000	01/03/2022
0.00000000	01/04/2022
0.00000000	01/05/2022
0.00000000	01/06/2022
0.00000000	01/07/2022
0.00000000	01/10/2022
0.00000000	01/11/2022
0.00000000	01/12/2022
0.00000000	01/13/2022
0.00000000	01/14/2022
0.00000000	01/18/2022
0.00000000	01/19/2022
0.00000000	01/20/2022
0.00000000	01/21/2022
0.00000000	01/24/2022
0.00000000	01/25/2022
0.00000000	01/26/2022
0.00000000	01/27/2022
0.00000000	01/28/2022
0.00000000	01/31/2022
0.00000000	02/01/2022
0.00000000	02/02/2022
0.00000000	02/03/2022
0.00000000	02/04/2022
0.00000000	02/07/2022
0.00000000	02/08/2022
0.00000000	02/09/2022
0.00000000	02/10/2022
0.00000000	02/11/2022
0.00000000	02/14/2022
0.00000000	02/15/2022
0.00000000	02/16/2022
0.00000000	02/17/2022
0.00000000	02/18/2022
0.00000000	02/22/2022
0.00000000	02/23/2022
0.00000000	02/24/2022
0.00000000	02/25/2022
0.00000000	02/28/2022
0.00000000	03/01/2022
0.00000000	03/02/2022
0.00000000	03/03/2022
0.00000000	03/04/2022
0.00000000	03/07/2022
0.00000000	03/08/2022
0.00000000	03/09/2022
0.00000000	03/10/2022
0.00000000	03/11/2022
0.00000000	03/14/2022
0.00000000	03/15/2022
0.00000000	03/16/2022
0.00000000	03/17/2022
0.00000000	03/18/2022
0.00000000	03/21/2022
0.00000000	03/22/2022
0.00000000	03/23/2022
0.00000000	03/24/2022
0.00000000	03/25/2022
0.00000000	03/28/2022
0.00000000	03/29/2022
0.00000000	03/30/2022
0.00000000	03/31/2022
0.00000000	04/01/2022
0.00000000	04/04/2022
0.00000000	04/05/2022
0.00000000	04/06/2022
0.00000000	04/07/2022
0.00000000	04/08/2022
0.00000000	04/11/2022
0.00000000	04/12/2022
0.00000000	04/13/2022
0.00000000	04/14/2022
0.00000000	04/18/2022
0.00000000	04/19/2022
0.00000000	04/20/2022
0.00000000	04/21/2022
0.00000000	04/22/2022
0.00000000	04/25/2022
0.00000000	04/26/2022
0.00000000	04/27/2022
0.00000000	04/28/2022
0.00000000	04/29/2022
0.00000000	05/02/2022
0.00000000	05/03/2022
0.00000000	05/04/2022
0.00000000	05/05/2022
0.00000000	05/06/2022
0.00000000	05/09/2022
0.00000000	05/10/2022
0.00000000	05/11/2022
0.00000000	05/12/2022
0.00000000	05/13/2022
0.00000000	05/16/2022
0.00000000	05/17/2022
0.00000000	05/18/2022
0.00000000	05/19/2022
0.00000000	05/20/2022
0.00000000	05/23/2022
0.00000000	05/24/2022
0.00000000	05/25/2022
0.00000000	05/26/2022
0.00000000	05/27/2022

FIND HISTORICAL DISTRIBUTIONS

Rate		As of-Date
0.00000000		12/16/2021
0.00000000		12/17/2021
0.00000000		12/20/2021
0.00000000		12/21/2021
0.00000000		12/22/2021
0.00000000		12/23/2021
0.00000000		12/27/2021
0.00000000		12/28/2021
0.00000000		12/29/2021
0.00000000		12/30/2021
0.00000000		12/31/2021
0.00000000		01/03/2022
0.00000000		01/04/2022
0.00000000		01/05/2022
0.00000000		01/06/2022
0.00000000		01/07/2022
0.00000000		01/10/2022
0.00000000		01/11/2022
0.00000000		01/12/2022
0.00000000		01/13/2022
0.00000000		01/14/2022
0.00000000		01/18/2022
0.00000000		01/19/2022
0.00000000		01/20/2022
0.00000000		01/21/2022
0.00000000		01/24/2022
0.00000000		01/25/2022
0.00000000		01/26/2022
0.00000000		01/27/2022
0.00000000		01/28/2022
0.00000000		01/31/2022
0.00000000		02/01/2022
0.00000000		02/02/2022
0.00000000		02/03/2022
0.00000000		02/04/2022
0.00000000		02/07/2022
0.00000000		02/08/2022
0.00000000		02/09/2022
0.00000000		02/10/2022
0.00000000		02/11/2022
0.00000000		02/14/2022
0.00000000		02/15/2022
0.00000000		02/16/2022
0.00000000		02/17/2022
0.00000000		02/18/2022
0.00000000		02/22/2022
0.00000000		02/23/2022
0.00000000		02/24/2022
0.00000000		02/25/2022
0.00000000		02/28/2022
0.00000000		03/01/2022
0.00000000		03/02/2022
0.00000000		03/03/2022
0.00000000		03/04/2022
0.00000000		03/07/2022
0.00000000		03/08/2022
0.00000000		03/09/2022
0.00000000		03/10/2022
0.00000000		03/11/2022
0.00000000		03/14/2022
0.00000000		03/15/2022
0.00000000		03/16/2022
0.00000000		03/17/2022
0.00000000		03/18/2022
0.00000000		03/21/2022
0.00000000		03/22/2022
0.00000000		03/23/2022
0.00000000		03/24/2022
0.00000000		03/25/2022
0.00000000		03/28/2022
0.00000000		03/29/2022
0.00000000		03/30/2022
0.00000000		03/31/2022
0.00000000		04/01/2022
0.00000000		04/04/2022
0.00000000		04/05/2022
0.00000000		04/06/2022
0.00000000		04/07/2022
0.00000000		04/08/2022
0.00000000		04/11/2022
0.00000000		04/12/2022
0.00000000		04/13/2022
0.00000000		04/14/2022
0.00000000		04/18/2022
0.00000000		04/19/2022
0.00000000		04/20/2022
0.00000000		04/21/2022
0.00000000		04/22/2022
0.00000000		04/25/2022
0.00000000		04/26/2022
0.00000000		04/27/2022
0.00000000		04/28/2022
0.00000000		04/29/2022
0.00000000		05/02/2022
0.00000000		05/03/2022
0.00000000		05/04/2022
0.00000000		05/05/2022
0.00000000		05/06/2022
0.00000000		05/09/2022
0.00000000		05/10/2022
0.00000000		05/11/2022
0.00000000		05/12/2022
0.00000000		05/13/2022
0.00000000		05/16/2022
0.00000000		05/17/2022
0.00000000		05/18/2022
0.00000000		05/19/2022
0.00000000		05/20/2022
0.00000000		05/23/2022
0.00000000		05/24/2022
0.00000000		05/25/2022
0.00000000		05/26/2022
0.00000000		05/27/2022

Fees & Expenses

Internal Prompt

Fees


Annual Management Fees	0.37%
Other Expenses	0.12%
Service 12b-1	0.25%

As of each fund's most recent prospectus.

Internal Prompt

Expense Ratio

ANEFX	0.74%
Lipper Global Funds Average	1.16%

Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).

Resources

Prospectuses & Reports for ANEFX

Quarterly Fund Fact Sheet (PDF) 04/22
Single Sheet (PDF) 03/22
Summary Prospectus (PDF) 02/22
Prospectus (PDF) 02/22
Statement of additional information (PDF) 02/22
Semi-Annual Report (PDF) 07/21
Annual Report (PDF) 01/22

About Our Funds

Share Class Pricing Details
Stats Update (PDF)
Resource Guide (PDF)
Risk & Return scattergram (PDF)
Risk & Reward Scattergrams - Class A shares (PDF)

ACCOUNT INFORMATION

Select your location

INVESTMENT OPTIONS

MUTUAL FUND RESOURCES

RETIREMENT

MORE OFFERINGS

OUR APPROACH

LIFE MOMENTS

TOOLS & CALCULATORS

TOPICS

MANAGING YOUR ACCOUNT

OTHER RESOURCES

CAPITAL IDEAS

GROWTH FUNDS

The New Economy Fund® (ANEFX)

Summary

Returns at NAV

Returns with Sales Charge

Returns at NAV

Returns with Sales Charge

Asset Mix

Growth of 10K

High & Low Prices

Growth of 10K

High & Low Prices

Market Capitalization

Morningstar Ownership ZoneTM

Description

Fund Facts

Returns LEARN ABOUT THE SYSTEM BEHIND OUR RESULTS

Month-End Returns as of 4/30/22

Quarter-End Returns as of 3/31/22

Month-End Returns as of 4/30/22

Quarter-End Returns as of 3/31/22

Volatility & Return

Yield

Valuation

Portfolio Management

Ratings & Risk

Morningstar Rating TM

Risk Measures

Holdings

Equities Breakdown

Top Equities

Geographic Breakdown

The New Geography of Investing ®

Fund Breakdown by Domicile

Prices & Distributions

Historical Prices Month-End

Historical Prices Year-End

Historical Prices Month-End

Historical Prices Year-End

Historical Distributions

Historical Distributions as of 01/26/22

Fees & Expenses

Fees

Expense Ratio

Resources

Prospectuses & Reports for ANEFX

About Our Funds

Morningstar Ownership Zone^TM

Morningstar Rating ^TM