American Funds The New Economy Fund Class R-2E

Frequently Asked Questions About RNNEX

What does RNNEX invest in?

The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest up to 50% of its assets outside the United States, including in developing countries.

What is the expense ratio of RNNEX?

American Funds The New Economy Fund Class R-2E (RNNEX) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RNNEX?

American Funds The New Economy Fund Class R-2E (RNNEX) manages $49.68B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is RNNEX actively managed or an index fund?

RNNEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was RNNEX launched?

American Funds The New Economy Fund Class R-2E (RNNEX) launched in December 1983 and is managed by Capital Group.

How has RNNEX performed?

RNNEX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.