About RNGCX
American Funds New Economy Fund Class R-3 is a global large-cap equity mutual fund designed to provide long-term growth of capital. The fund primarily invests in a diversified portfolio of U.S. and international stocks, with a significant concentration in the information technology, health care, consumer discretionary, financials, and industrials sectors. As of May 2025, the portfolio consists of more than 190 holdings and manages over $36 billion in assets. The fund has a strong U.S. orientation, with over 77% allocated to American companies, but also maintains exposure to developed and emerging markets worldwide. Notable characteristics include active management, a relatively high active share, and a focus on companies believed to drive economic transformation and innovation. Since its inception in 1983, the fund has appealed to investors seeking participation in dynamic sectors that shape the modern economy, while retaining diversification across industries and geographies. It is structured to support retirement plans and other long-term investment vehicles, with regular dividend and capital gains distributions paid annually in December.
Fund Family Capital Group
Category Global Multi-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol RNGCX
Share Class Class R-3
Index MSCI AC World NR USD
RNGCX had a total return of 24.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.98%.
