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Dividend Vision

CNGEX — American Funds New Economy 529-E

American Funds New Economy 529-E (CNGEX)

CNGEX pays a 0.00% distribution rate, on a 1.00% expense ratio. Total return is 1097.4% over the past 24.4 years, 164.2 points ahead of SPY at 933.2%. Its deepest 1-year drawdown was 13.4%.

American Funds New Economy 529-E 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 allocated outside the United States including developing markets. The fund has a high current distribution rate and carries an expense ratio of 1.00%. It appeals to growth-oriented investors seeking exposure to innovation-driven companies, often within tax-advantaged 529 education savings plans.

CNGEX key facts

Issuer
Capital Group
Asset type
Mutual Fund
Asset class
Equity
Expense ratio
1.00%
Distribution rate
0.00%
Trailing yield
8.79%
Last close
$82.07
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
30.9997