Detailed Fund Information
The Investment Company of America® (growth-and-income fund)
Updated March 7, 2014, 3:16PM Pacific time
|Net Asset Value (NAV)||$37.46|
|Maximum Offering Price (MOP)||$39.75|
(All prices are subject to revision.)
Historical Prices & Distributions
Ticker Symbols & Fund Numbers
|CUSIP Number||461308 10 8|
|Fund Objective||The fund's investment objectives are to achieve long-term growth of capital and income.|
|Distinguishing Characteristics||One of the nation's oldest and largest mutual funds. It emphasizes investments in well-established blue chip companies, representing a wide cross section of the U.S. economy.|
|Types of Investments||Principally invests in common stocks; may also hold securities convertible into common stocks, as well as bonds (generally rated Baa or BBB or better, or unrated, but determined by the fund’s investment adviser to be of equivalent quality), U.S. government securities, nonconvertible preferred stocks, and cash and equivalents.|
|Non-U.S. Holdings||The fund may invest up to 15% of its assets, at time of purchase, in securities of issuers domiciled outside the United States|
|Minimum Initial Investment||$250|
|Shareholder Accounts (aggregated for all share classes; updated monthly)||3,219,936|
|Regular Dividends Paid||March, June, September, December|
|Capital Gains Paid||December|
|Fund Inception||January 1, 1934|
The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.
Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Results shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Returns with sales charge for Class A shares reflect payment of the 5.75% maximum sales charge at the beginning of the stated periods. Definitions and other important legal information about these prices and returns are shown below.
Rates of Return*
|Average Annual Total Returns|
|1 yr||3 yrs||5 yrs||10 yrs||Fund Lifetime|
|February 28, 2014 (most recent month-end)|
|With sales charge||20.45%||11.25%||19.07%||6.40%||12.16%|
|December 31, 2013 (most recent quarter-end)|
|With sales charge||24.81%||12.33%||14.85%||6.51%||12.17%|
|The Investment Company of America||0.62%|
|Lipper Growth & Income Funds Average||1.14%|
12-Month Distribution Rates‡
As of January 31, 2014 (updated monthly)
|With sales charge||1.56%|
Annualized 30-Day SEC Yield‡
As of January 31, 2014 (updated monthly)
|With sales charge||1.62%|
Largest Industry Holdings
% of net assets as of December 31, 2013 (updated quarterly)
|Beverages & tobacco||8.4%|
|Oil, gas & consumable fuels||8.4%|
|Semiconductors & semiconductor equipment||4.4%|
|Diversified telecommunication services||3.8%|
|Aerospace & defense||3.5%|
|Computers & peripherals||3.0%|
(updated quarterly, upon availability)
(as of December 31, 2013)
as of January 31, 2014 (updated monthly)
|Cash & Equivalents||6.0%|
Assets and Portfolio Turnover (for fiscal years)
|Fiscal Year||Fund Assets (billions)||Portfolio Turnover|
Assets shown are for combined share classes.
Largest Equity Holdings
Percent of net assets as of January 31, 2014 (updated monthly)
The world's largest biotechnology company.
Develops drugs to treat infectious diseases and cancer.
Philip Morris International
One of the world's largest international tobacco companies.
Major supplier of database management software. Also develops business applications and provides consulting and support.
One of the most frequently used website search engines in the world.
This major defense contractor manufactures warships, submarines and information systems.
Major broadband and telecommunication services provider.
Research-based biopharmaceutical company.
One of the world's largest tobacco companies. The group also owns a large interest in the global brewer SABMiller.
A premier manufacturer of servers, software, printing systems and PCs.
|Number of years with American Funds or affiliates|
|Christopher D. Buchbinder||18|
|Barry S. Crosthwaite||18|
|Joyce E. Gordon||34|
|James B. Lovelace||32|
|Donald D. O'Neal||29|
|Eric S. Richter||15|
|C. Ross Sappenfield||22|
(as of the prospectus dated March 1, 2014)
The portfolio managers shown are reflected in the fund’s most recent prospectus. Barry Crosthwaite currently manages money in the fund.
* Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.
Source for Lipper expense ratio comparison: Lipper, based on front-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of December 31, 2013. The funds expense ratio is as of the funds prospectus. The expense ratios do not reflect sales charges.
The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders. Accordingly, the fund's SEC yield and distribution rate may differ.