- CUSIP
- 643822851
- Issuer
- American Funds
- Inception Date
- May 15, 2002
- Region
- Global (Global)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RNGCX Performance Chart
American Funds The New Economy Fund Class R-3 (RNGCX) is up 23.4% since the beginning of the year. RNGCX is currently trading at $85 per share. Investors who bought $1,000 worth of RNGCX shares 5 years ago would now be looking at an investment worth $1,892.
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Returns By Period
American Funds The New Economy Fund Class R-3 (RNGCX) has returned 23.40% so far this year and 52.87% over the past 12 months. Looking at the last ten years, RNGCX has achieved an annualized return of 16.07%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
American Funds The New Economy Fund Class R-3
- 1D
- 2.27%
- 1M
- 6.32%
- YTD
- 23.40%
- 6M
- 24.23%
- 1Y
- 52.87%
- 3Y*
- 29.72%
- 5Y*
- 13.60%
- 10Y*
- 16.07%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RNGCX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2003, RNGCX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +15.6%, while the worst month was Oct 2008 at -18.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RNGCX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.60% | -0.44% | -8.50% | 15.55% | 11.75% | 1.25% | 23.40% | ||||||
| 2025 | 5.04% | -3.63% | -7.12% | 1.04% | 7.86% | 8.31% | 0.93% | 2.07% | 5.64% | 6.00% | 0.15% | 1.87% | 30.60% |
| 2024 | 1.49% | 5.93% | 3.10% | -4.73% | 4.17% | 5.47% | -0.23% | 2.63% | 1.97% | -0.64% | 3.77% | -1.36% | 23.19% |
| 2023 | 7.96% | -1.84% | 3.72% | 0.46% | 1.84% | 4.65% | 3.67% | -1.90% | -5.15% | -1.68% | 9.46% | 5.40% | 28.77% |
| 2022 | -12.01% | -2.63% | 0.25% | -11.70% | -1.48% | -7.58% | 7.91% | -2.76% | -8.11% | 4.28% | 5.79% | -4.54% | -29.88% |
| 2021 | -0.69% | 2.48% | -1.16% | 4.73% | -0.56% | 3.42% | 0.13% | 3.46% | -4.03% | 5.96% | -3.94% | 1.87% | 11.70% |
Benchmark Metrics
American Funds The New Economy Fund Class R-3 has an annualized alpha of 3.25%, beta of 0.94, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.
- This fund captured 112.14% of S&P 500 Index gains but only 99.28% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 3.25% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.94 and R2 of 0.88, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.25%
- Beta
- 0.94
- R²
- 0.88
- Upside Capture
- 112.14%
- Downside Capture
- 99.28%
Expense Ratio
RNGCX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RNGCX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for American Funds The New Economy Fund Class R-3 (RNGCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RNGCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.78 | +1.14 |
| Martin ratioReturn relative to average drawdown | 16.96 | 12.44 | +4.52 |
Dividends
Dividend History
American Funds The New Economy Fund Class R-3 provided a 8.51% dividend yield over the last twelve months, with an annual payout of $7.21 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.21 | $7.21 | $5.86 | $2.01 | $0.00 | $4.67 | $1.46 | $3.21 | $3.71 | $3.62 | $0.00 | $2.08 |
Dividend yield | 8.51% | 10.50% | 10.06% | 3.87% | 0.00% | 7.83% | 2.53% | 7.21% | 9.78% | 8.29% | 0.00% | 5.89% |
Monthly Dividends
The table displays the monthly dividend distributions for American Funds The New Economy Fund Class R-3. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.21 | $7.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.86 | $5.86 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.01 | $2.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.67 | $4.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the American Funds The New Economy Fund Class R-3. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the American Funds The New Economy Fund Class R-3 was 55.54%, occurring on Mar 9, 2009. Recovery took 889 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.54%Mar 2009 | 1y 4mo | 3y 6mo | 4y 10moNov 2007 - Sep 2012 |
Bear market2022 | -37.25%Oct 2022 | 11mo 1d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
COVID crash2020 | -30.51%Mar 2020 | 1mo 2d | 3mo 15d | 4mo 17dFeb 2020 - Jul 2020 |
2016 bear market2016 | -21.30%Feb 2016 | 6mo 26d | 1y 11d | 1y 7moJul 2015 - Feb 2017 |
2025 selloff2025 | -20.86%Apr 2025 | 2mo 11d | 2mo 5d | 4mo 16dJan 2025 - Jun 2025 |
Drawdown Indicators
| RNGCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.54% | -56.78% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -9.10% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.86% | -18.90% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -37.25% | -25.43% | -11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | -33.92% | -3.33% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -10.71% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.03% | +1.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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