American Funds Investment Company of America;R1
RICAX
NASDAQ66.23
USD
+0.02
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American Funds Investment Company of America;R1
RICAX
(NASDAQ)
Recent
price
66.23
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- American Funds Investment Company of America Class R-1 (RICAX) is an open-end mutual fund managed by Capital Group 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; U.S. equities comprise approximately 88% of assets, non-U.S. equities 9%, and cash equivalents 4%, with sector allocations including information technology at 30%, industrials 13%, healthcare 11%, communication services 10%, and consumer discretionary 10%; top holdings as of late 2025 feature Microsoft Corp (7.5%), Broadcom Inc (6.5%), NVIDIA Corp (5.5%), Capital Group Central Cash Fund (4.5%), and Amazon.com Inc (3.8%). The fund offers regular quarterly dividends paid in March, June, September, and December, along with capital gains distributions in June and December; it maintains a portfolio turnover rate of 32% as measured in 2024, a net expense ratio of 1.33%, and no minimum initial investment requirement. RICAX belongs to the large-blend category, targeting individual and institutional investors seeking exposure to U.S.-centric large-cap equities with some international diversification across regions including Canada, Europe & Middle East, Japan, and emerging markets ex-China. Founded in 1934 and domiciled in the United States with primary operations under Capital Group's management in Los Angeles, the fund forms part of the broader American Funds family, with total net assets exceeding $179 billion as of November 2025. In a significant recent development, Capital Group announced personnel and structural changes effective January 1, 2026, consolidating management of the strategy under a single subsidiary, Capital Research Global Investors, by removing the Capital International Investors team while transitioning managers Grant Cambridge and Greg Miliotes to the lead subsidiary; these adjustments, part of a firmwide self-assessment conducted approximately every seven to eight years (last in 2018), halve the analyst pool to about 50 but preserve an Above Average People rating according to Morningstar, with minimal expected impact on performance; concurrently, portfolio manager Aline Avzaradel ceased involvement, though her 6% asset allocation limits material effects, leaving seven supporting managers including James Lovelace, Christopher Buchbinder, Martin Romo, Martin Jacobs, Jessica Spaly, and the transitioned pair.