American Funds Investment Company of America® Class 529-C (CICCX)

American Funds Investment Company of America 529-C is a diversified mutual fund designed to provide long-term growth of capital and income, with an emphasis on future income rather than high current yield. The fund primarily invests in common stocks, targeting companies that have a history of paying dividends. Its portfolio is heavily weighted toward U.S. equities, representing nearly 89% of assets, with additional exposure to non-U.S. equities and a minor allocation to cash and equivalents. There is no allocation to fixed income securities. With over 186 holdings as of late 2024, the fund spans major sectors such as information technology, industrials, communication services, health care, consumer discretionary, and financials. The fund is structured for education savings as part of a 529 plan, appealing to those seeking a balance of growth and income potential for future educational expenses. Notably, it has a long history dating back to its inception in 1934 and has a competitive management expense ratio for its class. Quarterly dividends are distributed, with additional capital gains paid semi-annually, reflecting its focus on steady income alongside capital appreciation.