The New Economy Fund - 529-F-1 | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Capital Appreciation

®

Vehicle: Mutual Fund Share Class
Purchase Restrictions: Class 529-F-1 share funds are available only for CollegeAmerica accounts sold through Registered Investment Advisors.

Overview

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 $47.49 as of 8/18/2022 (updated daily)
Fund Assets (millions) $26,305.7
Portfolio Managers
8
Expense Ratio
0.83%

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Returns at NAV

Returns at MOP

Asset Mix

U.S. Equities70.5%
Non-U.S. Equities17.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
12.4%
U.S. Equities70.5%
Non-U.S. Equities17.1%
U.S. Bonds0.0%
Non-U.S. Bonds0.0%
Cash & Equivalents
12.4%
As of 7/31/2022 (updated monthly)
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Volatility & Return

Read important investment disclosures

Equities

For Class 529-F-1 Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
CNGFX
MSCI All Country World Index (ACWI)
Other AF Funds
Standard Deviation as of 07/31/2022 (updated monthly) . Annualized return as of 07/31/2022 (updated monthly) .
VIEW LARGER CHART

Market Capitalization

74.5%
Large
22.6%
Medium
2.9%
Small
$84,706.72 Million
Weighted Average


As of 6/30/2022 (updated quarterly). Morningstar data as of 6/30/2022 (updated quarterly).

Morningstar Ownership ZoneTM

Global Large-Stock Growth
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 6/30/22 (updated quarterly)

Description

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.
Holdings Outside the U.S.
May invest up to 50% of assets in securities of companies domiciled outside the U.S.

Fund Facts

Fund Inception 12/01/1983
Fund Assets (millions)
As of 7/31/2022
$26,305.7
Companies/Issuers
Holdings are as of 6/30/2022 (updated quarterly).
239+
Shareholder Accounts
Shareholder accounts are as of 7/31/2022
1
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 88 5
Fund Number 1414

Returns

Internal Prompt

Month-End Returns as of 7/31/22

Quarter-End Returns as of 6/30/22

Growth of 10K

High & Low Prices

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Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 0.00% 0.07%
Fund at MOP N/A N/A
As of 7/31/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 3.23 11.04 17.32
MSCI All Country World Index (ACWI)
2.10 7.80 13.90
Fund as of 6/30/22. Index as of 6/30/22.
Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
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.

Portfolio Composition

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(305)
3-yr. Morningstar RatingTM
(305 funds rated)
5-yr. Morningstar RatingTM
(268 funds rated)
10-yr. Morningstar RatingTM
(176 funds rated)
Overall Morningstar Risk Average
HIGH
LOW
Category Global Large-Stock Growth
Ratings are based on risk-adjusted returns as of 7/31/2022 (updated monthly).
Internal Prompt

Lipper Leader Scorecard

Over-all 3 yr. 5 yr. 10 yr.
Consistent Return Within Category
Funds Rated

(133)

(133)

(112)

(67)
Expense Within Category
Funds Rated

(81)

(81)

(69)

(34)
Preservation Within Category
Funds Rated

(12360)

(12360)

(11138)

(7719)
Tax Efficiency Within Category
Funds Rated

(133)

(133)

(112)

(67)
Total Return Within Category
Funds Rated

(133)

(133)

(112)

(67)
Category Global Multi-Cap Growth
KEY
HIGHEST LOWEST
As of 7/31/2022 (updated monthly)

Risk Measures

Fund
Standard Deviation
14.97
Sharpe Ratio
0.81
For the 10 Years ending 7/31/22 (updated monthly).
American Funds/
Morningstar Benchmark
MSCI ACWI NR USD
R-squared 84
Beta 1.02
Capture Ratio (Downside/Upside) 91/107
American Funds and Morningstar Benchmark for the 10 Years ending 7/31/22 (updated monthly).

Holdings

Equities Breakdown

Equity Fund Holdings
Information technology 27.1%
Health care 19.1%
Financials 10.1%
Consumer discretionary 9.5%
Communication services 9.0%
Industrials 6.8%
Energy 1.3%
Consumer staples 1.1%
Utilities 1.1%
Materials 0.9%
Real estate 0.7%

% of net assets as of 6/30/2022 (updated quarterly)

Top Equities

Microsoft
4.6%
Broadcom
3.5%
Alphabet
3.3%
Micron Technology
2.9%
UnitedHealth Group
2.9%
Amazon
2.4%
Thermo Fisher Scientific
2.3%
Kotak Mahindra Bank
1.8%
TSMC
1.3%
Ceridian
1.3%

% of net assets as of 7/31/2022 (updated monthly)

Geographic Breakdown

United States
69.9%
Europe
3.9%
Asia & Pacific Basin
12.1%
Other (Including Canada & Latin America)
0.8%
Cash & equivalents
13.3%
% of net assets as of 6/30/2022 (updated quarterly)

The New Geography of Investing ®

Regions Fund
MSCI All Country World Index (ACWI)
United States 80.6% 60.6%
Canada 0.7% 3.2%
Europe 4.5% 15.9%
Japan 1.7% 5.4%
Asia-Pacific ex. Japan 1.6% 3.1%
Emerging Markets 10.9% 11.7%

% of net assets as of 6/30/2022 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
MSCI All Country World Index (ACWI)
United States 69.9% 60.6%
Canada 0.6% 3.2%
Europe 3.9% 15.9%
Japan 1.4% 5.4%
Asia-Pacific ex. Japan 1.4% 3.1%
Emerging Markets 9.4% 11.7%
Cash & Equivalents
13.4% 0.0%

% of net assets as of 6/30/2022 (updated quarterly)

Prices & Distributions

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Historical Prices Month-End

Historical Prices Year-End

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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 $59.89
2021 Year-to-Date: Dividends Subtotal: $0.00 Cap Gains Subtotal: $4.672
Total Distributions: $4.672

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.37%
Other Expenses 0.21%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

CNGFX 0.83%
Lipper Global Funds Average
1.18%
Fund as of most recent prospectus. Lipper Category as of 6/30/22 (updated quarterly).

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