RNGBX — American Funds The New Economy Fund® Class R-2
American Funds The New Economy Fund® Class R-2 (RNGBX)
RNGBX pays a 0.00% distribution rate, on a 1.49% expense ratio. Total return is 1039.1% over the past 24.2 years, 13.2 points ahead of SPY at 1025.9%. Its deepest 1-year drawdown was 13.5%.
American Funds The New Economy Fund Class R-2 is a mutual fund that invests primarily in common stocks of companies positioned to benefit from innovation and new technologies in an evolving global economy, with flexibility to allocate up to half its assets outside the United States including developing markets. The fund carries a high current distribution rate and an expense ratio of 1.49%. It appeals to growth-oriented investors seeking exposure to technology-driven and innovative companies globally.
RNGBX key facts
- Issuer
- Capital Group
- Asset type
- Mutual Fund
- Asset class
- Equity
- Expense ratio
- 1.49%
- Distribution rate
- 0.00%
- Trailing yield
- 9.93%
- Last close
- $72.63
- 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
- 30.9829
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