Development
American Funds The New Economy Fund® Class R-2E
RNNEX
NASDAQ
| Weiss Ratings | RNNEX-NASDAQ | Click to Compare |
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| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Fair | |||
| Risk Grade | C | |||
| Company Info | RNNEX-NASDAQ | Click to Compare |
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| Provider | American Funds | |||
| Manager/Tenure (Years) | Harold H. La (19), Caroline Jones (7), Reed Lowenstein (6), 5 others | |||
| Website | http://www.americanfunds.com | |||
| Fund Information | RNNEX-NASDAQ | Click to Compare |
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| Fund Name | American Funds The New Economy Fund® Class R-2E | |||
| Category | Global Large-Stock Growth | |||
| Sub-Category | Global Equity Large Cap | |||
| Prospectus Objective | Growth | |||
| Inception Date | Aug 29, 2014 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 250.00 | |||
| Minimum Subsequent Investment | 50.00 | |||
| Front End Fee | -- | |||
| Back End Fee | -- | |||
| Dividends and Shares | RNNEX-NASDAQ | Click to Compare |
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| Dividend Yield | 0.00% | |||
| Dividend | RNNEX-NASDAQ | Click to Compare |
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| Dividend Yield (Forward) | 0.83% | |||
| Asset Allocation | RNNEX-NASDAQ | Click to Compare |
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| Cash | 3.13% | |||
| Stock | 95.89% | |||
| U.S. Stock | 73.40% | |||
| Non-U.S. Stock | 22.49% | |||
| Bond | 0.00% | |||
| U.S. Bond | 0.00% | |||
| Non-U.S. Bond | 0.00% | |||
| Preferred | 0.43% | |||
| Convertible | 0.02% | |||
| Other Net | 0.52% | |||
| Price History | RNNEX-NASDAQ | Click to Compare |
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| 7-Day Total Return | -4.61% | |||
| 30-Day Total Return | -6.52% | |||
| 60-Day Total Return | -9.91% | |||
| 90-Day Total Return | -5.39% | |||
| Year to Date Total Return | -5.39% | |||
| 1-Year Total Return | 5.77% | |||
| 2-Year Total Return | 36.20% | |||
| 3-Year Total Return | 21.41% | |||
| 5-Year Total Return | 92.09% | |||
| Price | RNNEX-NASDAQ | Click to Compare |
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| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | RNNEX-NASDAQ | Click to Compare |
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| Nav | $55.04 | |||
| 1-Month Low NAV | $54.68 | |||
| 1-Month High NAV | $58.40 | |||
| 52-Week Low NAV | $53.83 | |||
| 52-Week Low NAV (Date) | Apr 19, 2024 | |||
| 52-Week High NAV | $67.13 | |||
| 52-Week High Price (Date) | Dec 16, 2024 | |||
| Beta / Standard Deviation | RNNEX-NASDAQ | Click to Compare |
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| Beta | 1.02 | |||
| Standard Deviation | 17.48 | |||
| Balance Sheet | RNNEX-NASDAQ | Click to Compare |
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| Total Assets | 33.45B | |||
| Operating Ratios | RNNEX-NASDAQ | Click to Compare |
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| Expense Ratio | 1.21% | |||
| Turnover Ratio | 36.00% | |||
| Performance | RNNEX-NASDAQ | Click to Compare |
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| Last Bull Market Total Return | 18.17% | |||
| Last Bear Market Total Return | -19.62% | |||