American Funds The New Economy Fund® Class R-1 (RNGAX)
| Fund Assets | 45.22B |
| Expense Ratio | 1.49% |
| Min. Investment | $250 |
| Turnover | 36.00% |
| Dividend (ttm) | 7.21 |
| Dividend Yield | 11.83% |
| Dividend Growth | 23.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 16, 2025 |
| Previous Close | 60.80 |
| YTD Return | 1.11% |
| 1-Year Return | 24.66% |
| 5-Year Return | 49.35% |
| 52-Week Low | 39.07 |
| 52-Week High | 63.63 |
| Beta (5Y) | n/a |
| Holdings | 207 |
| Inception Date | Jun 21, 2002 |
About RNGAX
The New Economy Fund (Class R-1) is a globally diversified mutual fund focused on long-term capital growth. Managed by Capital Research and Management Company since its inception in 1983, the fund primarily invests in companies that benefit from innovation, technological advancement, and evolving global market trends. Its portfolio spans both U.S. and international equities, with a significant emphasis on sectors such as information technology, health care, consumer discretionary, and financials. As of January 2025, the majority of assets are allocated to U.S. equities, though the fund maintains exposure to non-U.S. markets for broader diversification. The fund employs fundamental analysis to select companies with strong growth potential and adaptability to new economic paradigms. Suitable as a core holding for investors seeking participation in innovative segments of the market, the New Economy Fund reflects a dynamic approach to growth-oriented investing in a changing world economy.
Performance
RNGAX had a total return of 24.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.65%.
Top 10 Holdings
39.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 6.05% |
| SK hynix Inc. | 000660 | 5.46% |
| Microsoft Corporation | MSFT | 4.88% |
| Micron Technology, Inc. | MU | 4.39% |
| NVIDIA Corporation | NVDA | 4.34% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 3.29% |
| Amazon.com, Inc. | AMZN | 3.16% |
| Eli Lilly and Company | LLY | 2.85% |
| Capital Group Central Cash Fund | n/a | 2.78% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2025 | $7.2144 | Dec 17, 2025 |
| Dec 17, 2024 | $5.8623 | Dec 18, 2024 |
| Dec 13, 2023 | $2.008 | Dec 14, 2023 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.4614 | Dec 17, 2020 |
| Dec 18, 2019 | $3.2068 | Dec 19, 2019 |