American Funds The New Economy Fund® Class R-6 (RNGGX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
65.65
-0.10 (-0.15%)
Feb 14, 2025, 4:00 PM EST
14.83% (1Y)
| Fund Assets | 21.62B |
| Expense Ratio | 0.41% |
| Min. Investment | $250 |
| Turnover | n/a |
| Dividend (ttm) | 5.95 |
| Dividend Yield | 9.13% |
| Dividend Growth | 156.99% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2024 |
| Previous Close | 65.75 |
| YTD Return | 6.39% |
| 1-Year Return | 25.43% |
| 5-Year Return | 70.72% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 214 |
| Inception Date | May 1, 2009 |
About RNGGX
RNGGX was founded on 2009-05-01. The Fund's investment strategy focuses on Global with 0.42% total expense ratio. The minimum amount to invest in New Economy Fund; Class R6 Shares is $250 on a standard taxable account. New Economy Fund; Class R6 Shares seeks long-term growth of capital. RNGGX 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. RNGGX invests primarily in common stocks that have the potential for growth.
Category World Large-Stock Growth
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol RNGGX
Share Class Class R-6
Index MSCI AC World NR USD
Performance
RNGGX had a total return of 25.43% in the past year. Since the fund's inception, the average annual return has been 12.99%, including dividends.
Top 10 Holdings
35.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 7.34% |
| Amazon.com, Inc. | AMZN | 5.01% |
| Microsoft Corporation | MSFT | 4.92% |
| Meta Platforms, Inc. | META | 3.41% |
| Capital Group Central Cash Fund | n/a | 3.22% |
| NVIDIA Corporation | NVDA | 2.89% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 2.69% |
| Eli Lilly and Company | LLY | 2.02% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 1.99% |
| MercadoLibre, Inc. | MELI | 1.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2024 | $5.9509 | Dec 18, 2024 |
| Dec 13, 2023 | $2.3156 | Dec 14, 2023 |
| Dec 14, 2022 | $0.1407 | Dec 15, 2022 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.6396 | Dec 17, 2020 |
| Dec 18, 2019 | $3.4989 | Dec 19, 2019 |