American Funds The New Economy Fund Class R-2E (RNNEX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
57.96
-0.11 (-0.19%)
May 17, 2024, 4:00 PM EDT
23.21% (1Y)
| Fund Assets | 31.76B |
| Expense Ratio | 1.20% |
| Min. Investment | $250 |
| Turnover | 39.00% |
| Dividend (ttm) | 2.01 |
| Dividend Yield | 3.46% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 13, 2023 |
| Previous Close | 58.07 |
| YTD Return | 11.85% |
| 1-Year Return | 29.42% |
| 5-Year Return | 65.18% |
| 52-Week Low | 45.95 |
| 52-Week High | 58.35 |
| Beta (5Y) | 1.03 |
| Holdings | 220 |
| Inception Date | Aug 29, 2014 |
About RNNEX
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 in issuers based outside the United States, including those based in developing countries.
Fund Family American Funds
Category World Large-Stock Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RNNEX
Index MSCI AC World NR USD
Performance
RNNEX had a total return of 29.42% in the past year. Since the fund's inception, the average annual return has been 4.99%, 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% |
| RNGFX | Class R-5 | 0.46% |
| FNNEX | Class 529-f-3 | 0.47% |
Top 10 Holdings
33.17% of assets| Name | Symbol | Weight |
|---|---|---|
| Broadcom Inc. | AVGO | 6.51% |
| Microsoft Corporation | MSFT | 6.37% |
| Cash And Other Assets Less Liablities | n/a | 3.36% |
| Meta Platforms, Inc. | META | 3.30% |
| Amazon.com, Inc. | AMZN | 2.90% |
| Capital Group Central Cash Fund | n/a | 2.52% |
| Eli Lilly and Company | LLY | 2.21% |
| NVIDIA Corporation | NVDA | 2.06% |
| UnitedHealth Group Incorporated | UNH | 2.03% |
| Thermo Fisher Scientific Inc. | TMO | 1.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2023 | $2.008 | Dec 14, 2023 |
| Dec 15, 2021 | $4.672 | Dec 16, 2021 |
| Dec 16, 2020 | $1.4614 | Dec 17, 2020 |
| Dec 18, 2019 | $3.2068 | Dec 19, 2019 |
| Apr 30, 2019 | $0.017 | n/a |
| Mar 29, 2019 | $0.017 | n/a |