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American Funds New Economy R1 RNGAX

Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 52.04  /  −0.12 %
  • Total Assets 33.9 Bil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.500%
  • 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
  • Turnover 39%

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:00 PM GMT+0

Morningstar’s Analysis RNGAX

Will RNGAX outperform in future?

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

Innovation is key on this flexible global growth option.

Senior Analyst Stephen Welch

Stephen Welch

Senior Analyst

Summary

American Funds New Economy’s robust, global resources and flexible approach merit Above Average People and Process ratings.

Rated on Published on

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Portfolio Holdings RNGAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 27.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.33 1.9 Bil
Technology

Broadcom Inc

5.96 1.8 Bil
Technology

Capital Group Central Cash Fund

4.20 1.3 Bil
Cash and Equivalents

UnitedHealth Group Inc

2.51 772.8 Mil
Healthcare

Amazon.com Inc

2.31 710.1 Mil
Consumer Cyclical

Thermo Fisher Scientific Inc

1.91 587.2 Mil
Healthcare

Meta Platforms Inc Class A

1.87 574.7 Mil
Communication Services

Eli Lilly and Co

1.78 548.7 Mil
Healthcare

Mastercard Inc Class A

1.68 517.5 Mil
Financial Services

MercadoLibre Inc

1.57 483.7 Mil
Consumer Cyclical