American Funds The New Economy Fund® Class R-6 (RNGGX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
55.24
-0.23 (-0.41%)
Apr 17, 2025, 4:00 PM EDT
-3.14%
Fund Assets 21.62B
Expense Ratio 0.41%
Min. Investment $250
Turnover n/a
Dividend (ttm) 5.95
Dividend Yield 10.77%
Dividend Growth 156.99%
Payout Frequency Annual
Ex-Dividend Date Dec 17, 2024
Previous Close 55.47
YTD Return -10.48%
1-Year Return 5.80%
5-Year Return 68.85%
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 5.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.57%.

Other Share Classes

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

Symbol Share Class Expense Ratio
FNEFX Class F-3 0.41%
RNGFX Class R-5 0.46%
FNNEX Class 529-f-3 0.47%
NEFFX Class F-2 0.52%

Top 10 Holdings

34.59% of assets
Name Symbol Weight
Microsoft Corporation MSFT 5.01%
Broadcom Inc. AVGO 4.92%
Amazon.com, Inc. AMZN 4.65%
Capital Group Central Cash Fund n/a 4.27%
Meta Platforms, Inc. META 3.36%
NVIDIA Corporation NVDA 2.86%
SK hynix Inc. 000660 2.51%
Eli Lilly and Company LLY 2.45%
Taiwan Semiconductor Manufacturing Company Limited 2330 2.31%
MercadoLibre, Inc. MELI 2.26%
View More Holdings

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
Full Dividend History