RNGAX — American Funds New Economy R-1
American Funds New Economy R-1 (RNGAX)
RNGAX pays a 0.00% distribution rate, on a 1.49% expense ratio. Total return is 1052.2% over the past 24.2 years, 26.3 points ahead of SPY at 1025.9%. Its deepest 1-year drawdown was 13.5%.
American Funds New Economy R-1 is a growth-focused mutual fund that invests primarily in common stocks of companies positioned to benefit from innovation and new technologies in an evolving global economy, with up to half its assets potentially deployed outside the United States including emerging markets. The fund carries a substantial expense ratio of 1.49% and currently distributes at a high rate. This fund appeals primarily to growth-oriented investors seeking exposure to innovation-driven companies rather than those focused on regular income.
RNGAX key facts
- Issuer
- Capital Group
- Asset type
- Mutual Fund
- Asset class
- Equity
- Expense ratio
- 1.49%
- Distribution rate
- 0.00%
- Trailing yield
- 10.03%
- Last close
- $71.92
- AUM
- $21,622,116,352
- Average volume
- 0.0
- Last dividend
- $7.2140
- Ex-dividend date
- 12/16/2025
- Beta
- 1.31
- P/E ratio
- 30.9823
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