American Funds Investment Company of America is prioritizing flexibility in pursuing its growth-and-income mandate--more so than in the past. While the fund has yet to find the right balance, its veteran team and firmwide resources are enough to keep the Morningstar Analyst Rating for its cheapest shares at Silver and the others at Bronze or Neutral, depending on fees.
Will CICCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CICCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CICCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CICCX’s parent organization’s priorities and whether they’re in line with investors’ interests.