American Funds' parent Capital Group announced that veteran manager Donald O'Neal will step off American Funds Investment Company of America and retire from the firm on Jan. 1, 2025. O'Neal has spent all of his 38 years in the industry at Capital Group and has been a manager here since 1992. In June 2024, Greg Miliotes will officially join the management team, bringing the total number of named managers to 10. While O'Neal's retirement is a loss, it is one that Capital Group is equipped to handle. These changes do not alter the strategy's Above Average People rating or its Morningstar Medalist Ratings.
American Funds Invmt Co of Amer R1 RICAX
- NAV / 1-Day Return 53.29 / +0.76 %
- Total Assets 132.6 Bil
-
Adj. Expense Ratio
1.330%
- Expense Ratio 1.330%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Small
- Category Large Blend
- Investment Style Large Growth
- Min. Initial Investment 250
- Status Open
- TTM Yield 0.63%
- Turnover 29%
USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:27 PM GMT+0
Morningstar’s Analysis RICAX
Will RICAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 35.5
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Microsoft Corp | 7.80 | 10.8 Bil | Technology |
Broadcom Inc | 5.79 | 8.0 Bil | Technology |
Meta Platforms Inc Class A | 4.20 | 5.8 Bil | Communication Services |
GE Aerospace | 4.12 | 5.7 Bil | Industrials |
Capital Group Central Cash Fund | 3.61 | 5.0 Bil | Cash and Equivalents |
Cash And Other Assets Less Liablities | 3.59 | 4.9 Bil | Cash and Equivalents |
Amazon.com Inc | 3.46 | 4.8 Bil | Consumer Cyclical |
Alphabet Inc Class A | 2.12 | 2.9 Bil | Communication Services |
RTX Corp | 2.06 | 2.8 Bil | Industrials |
Abbott Laboratories | 2.02 | 2.8 Bil | Healthcare |