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Morningstar

American Funds New Economy R1 RNGAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 41.99  /  1.65 %
  • Total Assets 26.8 Bil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.510%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Small
  • Category Global Large-Stock Growth
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 0.00
  • Turnover 28%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:24 PM GMT+00:00

Morningstar’s Analysis RNGAX

Will RNGAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RNGAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RNGAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of RNGAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A wide, global mandate.

Senior Analyst

Summary

| by Stephen Welch

American Funds New Economy's deep resources and flexible approach merit a Morningstar Analyst Rating of Silver for its cheapest share classes and Bronze for its pricier ones.

Unlock our full analysis with Morningstar Investor