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

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
69.11
+0.29 (0.42%)
Jul 16, 2025, 4:00 PM EDT
6.40%
Fund Assets36.22B
Expense Ratio0.41%
Min. Investment$250
Turnover36.00%
Dividend (ttm)5.95
Dividend Yield8.65%
Dividend Growth156.99%
Payout FrequencyAnnual
Ex-Dividend DateDec 17, 2024
Previous Close68.82
YTD Return11.39%
1-Year Return15.60%
5-Year Return74.60%
52-Week Low52.15
52-Week High70.91
Beta (5Y)n/a
Holdings214
Inception DateMay 1, 2009

About RNGGX

American Funds The New Economy Fund Class R-6 is a global large-cap growth mutual fund designed to provide long-term capital appreciation. Managed by Capital Research and Management Company, this fund focuses on investing in companies poised to benefit from innovation, technological advancements, and evolving economic trends. It primarily allocates assets to common stocks, with a significant emphasis on the information technology, healthcare, consumer discretionary, and financial sectors. The portfolio is broadly diversified, holding over 190 companies, and maintains a strong global orientation, investing approximately 72% in U.S. equities and 21% in non-U.S. equities, including both developed and emerging markets. The fund employs a multi-manager approach, dividing assets among several portfolio managers to incorporate a range of investment perspectives. With a low expense ratio and a strategy that leans on rigorous research and risk management, it is frequently selected as a core growth holding within retirement plans. The fund distributes regular dividends and capital gains annually and aims to capture growth across a rapidly changing global economy while maintaining a moderate portfolio turnover rate.

Fund Family American Funds
Category World Large-Stock Growth
Stock Exchange NASDAQ
Ticker Symbol RNGGX
Share Class Class R-6
Index MSCI AC World NR USD

Performance

RNGGX had a total return of 15.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.97%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FNEFXClass F-30.41%
RNGFXClass R-50.46%
FNNEXClass 529-f-30.47%
NEFFXClass F-20.52%

Top 10 Holdings

34.59% of assets
NameSymbolWeight
Microsoft CorporationMSFT5.01%
Broadcom Inc.AVGO4.92%
Amazon.com, Inc.AMZN4.65%
Capital Group Central Cash Fundn/a4.27%
Meta Platforms, Inc.META3.36%
NVIDIA CorporationNVDA2.86%
SK hynix Inc.0006602.51%
Eli Lilly and CompanyLLY2.45%
Taiwan Semiconductor Manufacturing Company Limited23302.31%
MercadoLibre, Inc.MELI2.26%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 17, 2024$5.9509Dec 18, 2024
Dec 13, 2023$2.3156Dec 14, 2023
Dec 14, 2022$0.1407Dec 15, 2022
Dec 15, 2021$4.672Dec 16, 2021
Dec 16, 2020$1.6396Dec 17, 2020
Dec 18, 2019$3.4989Dec 19, 2019
Full Dividend History