RNNEX — American Funds The New Economy Fund® Class R-2E
American Funds The New Economy Fund® Class R-2E (RNNEX)
RNNEX pays a 0.00% distribution rate, on a 1.20% expense ratio. Total return is 334.4% over the past 12 years, 38.7 points behind SPY at 373.1%. Its deepest 1-year drawdown was 13.4%.
American Funds The New Economy Fund is a growth-focused mutual fund that invests primarily in common stocks of companies positioned to benefit from innovation and new technologies, with up to half its assets potentially allocated outside the United States including in developing markets. The fund has a high current distribution rate and carries an expense ratio of 1.20%. It appeals to growth-oriented investors seeking exposure to companies serving evolving global economic demands.
RNNEX key facts
- Issuer
- Capital Group
- Asset type
- Mutual Fund
- Asset class
- Equity
- Expense ratio
- 1.20%
- Distribution rate
- 0.00%
- Trailing yield
- 8.82%
- Last close
- $81.78
- AUM
- $21,622,116,352
- Average volume
- 0.0
- Last dividend
- $7.2140
- Ex-dividend date
- 12/16/2025
- Payment date
- 12/17/2025
- Beta
- 1.31
- P/E ratio
- 30.9929
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