American Funds Invmt Co of Amer R2
RICBX
NASDAQ67.26
USD
-0.07
- -
CIK
0000051931
ISIN
US4613088685
CUSIP
461308868
Return %
Stock
S&P500
1Y
7.91
19.01
3Y
43.11
65.48
5Y
34.04
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90071-1406 Los Angeles CA United States of America 55474
- IPO Date
- May 21, 2002
- CIK
- 0000051931
- Website
- ameriprise.com
- Similar Companies
- Business
- American Funds Investment Company of America Class R-2 (RICBX) is an open-end mutual fund that seeks long-term growth of capital and, secondarily, income through a diversified portfolio primarily invested in common stocks, most with a history of paying dividends; it emphasizes large-cap blend U.S. equities supplemented by non-U.S. equities, cash equivalents, and minimal fixed income exposure. The fund allocates approximately 88% to U.S. equities across sectors including information technology (30%), industrials (13%), health care (11%), consumer discretionary (10%), and financials (9%); top holdings as of late 2025 include Microsoft Corp. (7.55%), Broadcom Inc. (6.07%), Meta Platforms Inc. (4.98%), Capital Group Central Cash Fund (4.39%), and Amazon.com Inc. (3.80%), with total net assets exceeding $168 billion for the share class and $177 billion for the overall fund launched in 1934. RICBX, managed by a team at Capital Group including veterans James Lovelace (since 1992), Christopher Buchbinder, Grant Cambridge, Martin Romo, Aline Avzaradel, Martin Jacobs, Jessica Spaly, and newcomer Greg Miliotes (since March 2025), features a net expense ratio of 1.35%, quarterly dividends, semiannual capital gains distributions, and a minimum initial investment of $250. Operated by Capital Group, founded in 1931 and headquartered in Los Angeles, California, the fund is available to U.S. investors through retirement plans, financial advisors, and brokerage platforms, with geographic focus on the United States (88-91% of assets), United Kingdom, Canada, Europe ex-Eurozone, developed Asia, Japan, and emerging markets ex-China. The R-2 share class, introduced on May 21, 2002, targets retirement accounts with 12b-1 service fees supporting distribution. Portfolio turnover stands at 32% as of 2024, with active share of 46.7% versus the S&P 500 Index benchmark. In recent developments, Capital Group, the fund's investment manager, expanded strategically in 2025 through an exclusive partnership with KKR, filing SEC registrations for two public-private fixed income funds (Core Plus+ and Multi-Sector+) expected to launch in the first half of 2025; this builds on prior collaborations and integrates private credit into American Funds offerings, including retirement portfolios, amid efforts to diversify beyond core equities and reach $4 trillion in assets by 2031. The firm also issued 2025 capital market assumptions and advanced hybrid active-passive target-date fund series in late 2024, reflecting broader shifts to counter outflows and enhance competitiveness in fixed income and international markets.