CNGAX — American Funds New Economy 529-A
American Funds New Economy 529-A (CNGAX)
CNGAX pays a 0.00% distribution rate, on a 0.75% expense ratio. Total return is 1264.6% over the past 24.5 years, 272.9 points ahead of SPY at 991.7%. Its deepest 1-year drawdown was 13.3%.
American Funds New Economy 529-A is a mutual fund that invests primarily in common stocks of companies positioned to benefit from innovation and new technologies in a changing global economy, with up to half its assets potentially allocated outside the United States including developing markets. The fund has a modest expense ratio of 0.75% and carries a current distribution rate in the mid-single-digit range. It appeals to growth-oriented investors seeking equity exposure to economically dynamic sectors, particularly those using the fund within a 529 education savings plan structure.
CNGAX key facts
- Issuer
- Capital Group
- Asset type
- Mutual Fund
- Asset class
- Equity
- Expense ratio
- 0.75%
- Distribution rate
- 0.00%
- Trailing yield
- 8.44%
- Last close
- $85.47
- AUM
- $21,622,116,352
- Average volume
- 0.0
- Last dividend
- $7.2140
- Ex-dividend date
- 12/16/2025
- Beta
- 1.31
- P/E ratio
- 31.0106
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