- Business
- American Funds Investment Company of America C (AICCX) is an open-end mutual fund managed by Capital Research and Management Company that seeks long-term growth of capital and income through a diversified portfolio primarily invested in common stocks, most of which have a history of paying dividends; the fund may allocate up to 15% of assets outside the United States and focuses on medium- to large-capitalization companies without strict size limitations. Core holdings as of late 2025 include Microsoft Corp. (7.45%), Broadcom Inc. (6.46%), NVIDIA Corp. (5.47%), Capital Group Central Cash Fund (4.45%), Amazon.com Inc. (3.84%), Meta Platforms Inc. Class A (3.39%), Eli Lilly and Co. (3.10%), British American Tobacco PLC (2.76%), GE Aerospace (2.40%), and Alphabet Inc. Class A (2.24%), representing key exposures in technology (approximately 30%), industrials (12.7%), health care (11.3%), communication services (9.9%), consumer discretionary (9.5%), and financials (9.2%); the portfolio is predominantly U.S. equities (87.9%), with 8.7% non-U.S. equities, minimal bonds, and cash equivalents. The Class C shares feature a 1.00% deferred load, 1.31% net expense ratio, minimum initial investment of $250, and quarterly dividends paid in March, June, September, and December, alongside capital gains distributions in June and December; the fund belongs to the large blend category with total net assets exceeding $179 billion across share classes as of November 30, 2025.
Launched on March 15, 2001, as part of the American Funds family with the underlying strategy dating to January 1, 1934, AICCX is domiciled in the United States and available primarily to U.S. investors through broker-dealers, retirement plans, and financial advisors. It operates under Capital Group, headquartered in Los Angeles, California, with a team of portfolio counselors including James Lovelace (since 1992), Christopher Buchbinder (since 2007), Grant Cambridge (since 2014), Martin Romo (since 2018), Martin Jacobs (since 2019), Jessica Spaly (since 2021), and Greg Miliotes (since 2025).
In a recent firmwide self-assessment completed in 2025 by parent Capital Group, the fund's management structure underwent significant reorganization effective January 1, 2026, consolidating oversight to a single subsidiary, Capital Research Global Investors, by removing the Capital International Investors team and transitioning managers Grant Cambridge and Greg Miliotes to the new group while reducing the analyst pool to approximately 50; concurrently, manager Aline Avzaradel ceased involvement, though these changes are expected to have minimal performance impact given the retained core team and robust resources. Portfolio turnover stood at 32% for 2024, reflecting active management with an active share of 46.7% versus the S&P 500. Capital Group has also pursued broader strategic expansions, including a partnership with KKR announced in 2024 to introduce hybrid funds blending public bonds and private credit, alongside enhancements to retirement portfolios, though these do not directly alter AICCX operations.