Nasdaq - Delayed Quote USD
American Funds New Economy R3 (RNGCX)
At close: 8:05 AM EDT
Fund Summary
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.
Risk Overview
| Morningstar Risk Rating | |
| Best 1Y Total Return | 44.74% |
| Worst 1Y Total Return | -- |
| Number of Years Up | 17 |
| Number of Years Down | 4 |
Performance & Risk
| YTD Return | 23.75% |
| 5y Average Return | 12.71% |
| Rank in Category (ytd) | 24 |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 1.04 |
| Morningstar Risk Rating |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| RNGCX | Category Average | RNGCX | Category Average | RNGCX | Category Average | |
| Alpha | -3.52 | 0.04 | 0.4 | 0.04 | 1.6 | 0.02 |
| BETA | 1.04 | 0.01 | 0.99 | 0.01 | 1 | 0.01 |
| Mean Annual Return | 0.49 | 0.02 | 1.11 | 0.02 | 0.97 | 0.01 |
| R-squared | 87.42 | 0.89 | 88.54 | 0.87 | 86.37 | 0.88 |
| Standard Deviation | 18.51 | 0.19 | 18.3 | 0.15 | 15.83 | 0.15 |
| Sharpe Ratio | 0.11 | 0.01 | 0.6 | 0.01 | 0.63 | 0.01 |
| Treynor Ratio | 0.33 | 0.18 | 9.95 | 0.18 | 9.2 | 0.11 |
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