Fund Evaluator:

American Funds New Economy R-6 Overview

American Funds New Economy R-6 (RNGGX) is an actively managed International Equity Global Large-Stock Growth fund. Capital Group launched the fund in 2009.

The investment seeks long term growth of capital. 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.

About American Funds New Economy R-6 (RNGGX)

There are 6 members of the management team with an average tenure of 5.23 years: Paul Benjamin (2023), Lara Pellini (2021), Mathews Cherian (2018), Richmond Wolf (2018), Tomoko Fortune (2019), Peter Gusev (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P 500 (TR) index with a weighting of 100%. American Funds New Economy R-6 has 183 securities in its portfolio. The top 10 holdings constitute 39.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

American Funds New Economy R-6 is part of the Equity global asset class and is within the International Equity fund group. American Funds New Economy R-6 has 31.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.2%. There is 31.8% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). American Funds New Economy R-6 has 2.0% of the portfolio in cash.

Assets Under Management

The fund has $14 billion in total assets, which is above the $988 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RNGGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The American Funds New Economy R-6 expense ratio is average compared to funds in the Global Large-Stock Growth category. American Funds New Economy R-6 has an expense ratio of 0.40%, which is 64% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. American Funds New Economy R-6 has a portfolio turnover rate of 36%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, American Funds New Economy R-6 returned -6.7%, which earned it a grade of F, as the Global Large-Stock Growth category had an average return of -2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

American Funds New Economy R-6 has a trailing yield of 0.00%, which is below the 0.27% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

American Funds New Economy R-6 Grades

Year to date, the fund has returned 15.6%, 9.6 percentage points better than the category, which translates into a grade of A. The fund has returned 35.3% over the past year (grade of A), 25.9% over the past three years (grade of A) and 12.2% per year over the past five years (grade of A) and 15.8% per year over the past 10 years (grade of A).

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