American Funds The New Economy Fund® Class R-5 (RNGFX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
67.04
+0.24 (0.36%)
Nov 19, 2024, 4:00 PM EST
24.59%
Fund Assets 35.54B
Expense Ratio 0.46%
Min. Investment $250
Turnover 39.00%
Dividend (ttm) 2.29
Dividend Yield 3.41%
Dividend Growth 1,916.39%
Payout Frequency Annual
Ex-Dividend Date Dec 13, 2023
Previous Close 66.80
YTD Return 22.81%
1-Year Return 29.90%
5-Year Return 75.97%
52-Week Low 53.18
52-Week High 69.66
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 29.90% in the past year. Since the fund's inception, the average annual return has been 11.63%, including dividends.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol Share Class Expense Ratio
RNGGX Class R-6 0.41%
FNEFX Class F-3 0.41%
FNNEX Class 529-f-3 0.47%
NEFFX Class F-2 0.52%

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%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
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
Dec 19, 2018 $4.0068 Dec 20, 2018
Full Dividend History