American Funds Invmt Co of Amer 529A
CICAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071-1406 Los Angeles CA United States of America 90071-1406
- IPO Date
- Feb 15, 2002
- CIK
- 0000051931
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Investment Company of America 529A (CICAX) operates as a tax-advantaged Section 529 college savings plan share class of the Investment Company of America mutual fund, managed by Capital Research and Management Company (CRMC), a core firm within the Capital Group Companies. The fund provides long-term capital appreciation and income through investments primarily in common stocks (80-100% of assets), with a focus on well-established, dividend-paying companies exhibiting above-average earnings growth potential; it also allocates to preferred stocks, convertible preferred stocks, and debt securities (up to 20-25% of assets), including U.S. government obligations, corporate bonds rated Baa/BBB or better, and money market instruments. Geographic operations emphasize U.S.-based issuers, though up to 15-25% of assets may invest internationally, targeting large-cap growth and value equities across sectors such as technology, healthcare, financials, consumer discretionary, and industrials; key customer types include individual investors, financial advisors, and institutional participants saving for higher education expenses under state-sponsored 529 plans. Founded in 1934 and headquartered in Los Angeles, California, the fund forms part of Capital Group's American Funds family, with no direct subsidiaries but affiliation to parent entities like Capital Group Investment Management, Inc. Recent strategic developments include enhanced ESG integration in portfolio construction as of 2024, reflecting Capital Group's broader commitment to sustainable investing principles amid regulatory shifts; in late 2023, the firm announced portfolio manager transitions to bolster expertise in growth equities, alongside a 2025 expansion of target-date fund linkages within 529 offerings to simplify retirement-education hybrid savings strategies.