American Funds The New Economy Fund® Class R-5 (RNGFX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
62.27
-0.12 (-0.19%)
Jan 13, 2025, 4:00 PM EST
14.07% (1Y)
| Fund Assets | 36.71B |
| Expense Ratio | 0.46% |
| Min. Investment | $250 |
| Turnover | 39.00% |
| Dividend (ttm) | 5.92 |
| Dividend Yield | 9.50% |
| Dividend Growth | 158.55% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 62.39 |
| YTD Return | 0.37% |
| 1-Year Return | 24.48% |
| 5-Year Return | 67.59% |
| 52-Week Low | 54.07 |
| 52-Week High | 71.22 |
| Beta (5Y) | n/a |
| Holdings | 216 |
| Inception Date | May 15, 2002 |
About RNGFX
The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets outside the United States, including in developing countries.
Fund Family American Funds
Category World Large-Stock Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol RNGFX
Index MSCI AC World NR USD
Performance
RNGFX had a total return of 24.48% in the past year. Since the fund's inception, the average annual return has been 11.62%, including dividends.
Top 10 Holdings
33.13% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 6.18% |
| Microsoft Corporation | MSFT | 5.01% |
| Amazon.com, Inc. | AMZN | 3.88% |
| Meta Platforms, Inc. | META | 3.30% |
| Capital Group Central Cash Fund | n/a | 3.21% |
| NVIDIA Corporation | NVDA | 2.68% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 2.48% |
| UnitedHealth Group Incorporated | UNH | 2.23% |
| SK hynix Inc. | 000660 | 2.09% |
| Eli Lilly and Company | LLY | 2.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $5.9172 | Dec 18, 2024 |
| Dec 13, 2023 | $2.2886 | Dec 14, 2023 |
| Dec 14, 2022 | $0.1135 | Dec 15, 2022 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.6106 | Dec 17, 2020 |
| Dec 18, 2019 | $3.4743 | Dec 19, 2019 |