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Dividend Vision

CNGCX — American Funds New Economy 529-C

American Funds New Economy 529-C (CNGCX)

CNGCX pays a 0.00% distribution rate, on a 1.52% expense ratio. Total return is 950.3% over the past 24.4 years, 17.1 points ahead of SPY at 933.2%. Its deepest 1-year drawdown was 13.5%.

American Funds New Economy 529-C is a mutual fund that invests primarily in common stocks of companies positioned to benefit from innovation and new technologies in an evolving global economy, with up to half its assets potentially deployed outside the United States including in developing markets. The fund has a high current distribution rate and carries an expense ratio of 1.52%, with distributions made on a non-regular basis. It appeals to growth-oriented investors seeking exposure to innovation-driven companies, particularly those using the fund within a 529 education savings plan.

CNGCX key facts

Issuer
Capital Group
Asset type
Mutual Fund
Asset class
Equity
Expense ratio
1.52%
Distribution rate
0.00%
Trailing yield
10.41%
Last close
$69.33
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
30.9786