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Looking for mutual fund equity report fund? You might want to start with American fund New View R6 (RNPGX). RNPGX maintains a Zacks Mutual Fund Rank of 3 (Hold), based on nine predictive factors such as size, expense and past performance.
Fund/manager history
American Funds is based in Los Angeles, CA, and is the manager of RNPGX. American Fund New Look R6 Since its debut in May 2009, RNPGX has amassed more than $29.14 billion in assets. A group of investment professionals is the current manager of the fund.
Performance
Of course, investors want strong performance in the money. This fund generates a 5-year annualized total return of 7.15%, and ranks in the top third of its category peers. If you’re looking for shorter time frames, don’t dismiss the fund’s 3-year annualized total return of 6.67%, which puts it in the top third of the time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Compared to the category average of 16.86%, the standard deviation of RNPGX for the past three years is 21.78%. The fund’s standard deviation over the last 5 years is 18.89%, compared to the category average of 14.79%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
Investors should note that the fund has a 5-year beta of 0.99, so it can be as volatile as the market. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to its benchmark, which in this case is the S&P 500, one should pay attention to this metric as well. RNPGX has generated a negative alpha of -2.81 over the past five years, indicating that managers in this portfolio have had difficulty selecting securities that generate better returns than the benchmark.
expenses
Costs are very important for mutual fund investing and especially when competition heats up in this market. And all things being equal, a low-cost product outperforms its peers, so keeping a close eye on these metrics is key for investors. In terms of fees, RNPGX is a no-load fund. It has an expense ratio of 0.41% compared to the category average of 1.10%. Looking at the money in terms of cost, RNPGX is actually cheaper than its peers.
This fund requires a minimum initial investment of $250, and each subsequent investment must be at least $50.
at last
Overall, American Fund New View R6 (RNPGX) has a neutral Zacks Mutual Fund Rating, and combined with its relatively strong performance, average downside, and low fees, American Fund New View R6 (RNPGX) looks like a somewhat average pick. Investors now.
Want more information about RNPGX? Then head over to Zacks.com and check out our mutual fund comparison tool and other great features we have to help you with your mutual fund analysis for more information. If you’re more of a stock investor, be sure to check out our Zacks Rank, and our full suite of tools for beginners and professional investors alike.
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