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Morningstar

American Funds New Economy R4 RNGEX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 60.67  /  +1.02 %
  • Total Assets 33.5 Bil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.760%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Global Large-Stock Growth
  • Investment Style Large Growth
  • Min. Initial Investment 250
  • Status Open
  • TTM Yield 0.21%
  • Turnover 39%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis RNGEX

Will RNGEX 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 RNGEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RNGEX 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 RNGEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Solid leadership with strong support.

Senior Analyst Stephen Welch

Stephen Welch

Senior Analyst

Summary

American Funds New Economy’s flexibility and strong global resources make it a worthy option.

by Stephen Welch
Rated on Published on

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Portfolio Holdings RNGEX

More RNGEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Broadcom Inc

6.26 2.2 Bil
Technology

Microsoft Corp

5.85 2.0 Bil
Technology

Meta Platforms Inc Class A

3.65 1.3 Bil
Communication Services

Amazon.com Inc

3.60 1.2 Bil
Consumer Cyclical

NVIDIA Corp

3.06 1.1 Bil
Technology

Capital Group Central Cash Fund

2.86 992.4 Mil
Cash and Equivalents

SK Hynix Inc

2.61 906.9 Mil
Technology

Eli Lilly and Co

2.50 868.9 Mil
Healthcare

Taiwan Semiconductor Manufacturing Co Ltd

2.14 742.2 Mil
Technology

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.09 725.9 Mil
Technology