FNEFX — American Funds The New Economy Fund® Class F-3
American Funds The New Economy Fund® Class F-3 (FNEFX)
FNEFX pays a 0.00% distribution rate, on a 0.40% expense ratio. Total return is 665.6% over the past 9.5 years, 371.9 points ahead of SPY at 293.7%. Its deepest 1-year drawdown was 13.3%.
American Funds The New Economy Fund is a growth-oriented 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 carries a modest expense ratio and has a current distribution rate in the mid-single-digit range, though distributions are not made on a regular schedule. This fund appeals to growth-focused investors seeking exposure to companies driving technological and economic change across global markets.
FNEFX key facts
- Issuer
- Capital Group
- Asset type
- Mutual Fund
- Asset class
- Equity
- Expense ratio
- 0.40%
- Distribution rate
- 0.00%
- Trailing yield
- 8.17%
- Last close
- $88.33
- 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
- 31.0221
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Alpha Rankings
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