NPORT-EX 3 edgar.htm EDGAR HTML
 
 
The Investment Company of America®
Investment portfolio
March 31, 2023
unaudited
 
Common stocks 94.85%
Energy 5.16%
 
Shares
Value
(000)
Baker Hughes Co., Class A
50,037,340
$1,444,078
Canadian Natural Resources, Ltd. (CAD denominated)1
15,778,318
873,149
Cheniere Energy, Inc.
1,000,000
157,600
Chevron Corp.
3,387,903
552,770
ConocoPhillips
3,996,765
396,519
Diamondback Energy, Inc.
550,000
74,344
Enviva, Inc.
700,000
20,216
EOG Resources, Inc.
8,635,091
989,840
Exxon Mobil Corp.
3,973,155
435,696
Halliburton Company
6,240,171
197,439
Pioneer Natural Resources Company
1,750,092
357,439
Woodside Energy Group, Ltd.
2,000,000
45,064
Woodside Energy Group, Ltd. (CDI)
1,907,806
42,645
 
5,586,799
Materials 3.59%
 
 
 
Albemarle Corp.
1,858,952
410,903
BHP Group, Ltd. (CDI)
8,000,000
253,148
Corteva, Inc.
2,440,751
147,202
Ecolab, Inc.
1,335,360
221,042
Freeport-McMoRan, Inc.
6,731,500
275,385
Linde PLC
5,380,860
1,912,573
Rio Tinto PLC
9,126,173
618,528
Sherwin-Williams Company
223,166
50,161
 
3,888,942
Industrials 13.69%
 
 
 
Advanced Drainage Systems, Inc.
93,924
7,909
Airbus SE, non-registered shares
1,401,213
187,715
AMETEK, Inc.
257,917
37,483
BAE Systems PLC
16,587,450
201,090
Boeing Company2
5,159,108
1,095,949
Carrier Global Corp.
28,875,226
1,321,042
CoStar Group, Inc.2
3,000,000
206,550
CSX Corp.
5,219,087
156,260
Equifax, Inc.
649,547
131,754
Fastenal Co.
1,054,852
56,899
General Dynamics Corp.
4,763,648
1,087,112
General Electric Co.
45,044,028
4,306,209
Honeywell International, Inc.
1,148,069
219,419
Illinois Tool Works, Inc.
2,470,042
601,332
L3Harris Technologies, Inc.
782,559
153,569
Lincoln Electric Holdings, Inc.
500,000
84,550
Lockheed Martin Corp.
160,605
75,923
Norfolk Southern Corp.
594,311
125,994
Northrop Grumman Corp.
1,388,526
641,110
The Investment Company of America — Page 1 of 10
unaudited
Common stocks (continued)
Industrials (continued)
 
Shares
Value
(000)
Otis Worldwide Corp.
3,056,170
$257,941
Paychex, Inc.
528,817
60,597
Raytheon Technologies Corp.
18,364,117
1,798,398
Safran SA
670,509
99,575
SS&C Technologies Holdings, Inc.
2,794,140
157,785
Stanley Black & Decker, Inc.1
3,314,963
267,120
TFI International, Inc.3
4,778,566
570,035
TransDigm Group, Inc.
78,612
57,941
Union Pacific Corp.
2,182,166
439,183
United Airlines Holdings, Inc.2
1,261,655
55,828
United Rentals, Inc.
352,100
139,347
Waste Connections, Inc.
358,030
49,791
Waste Management, Inc.
1,073,030
175,086
 
14,826,496
Consumer discretionary 8.19%
 
 
 
Amazon.com, Inc.2
23,034,424
2,379,226
Aptiv PLC2
690,000
77,411
Caesars Entertainment, Inc.2
2,211,000
107,919
Chipotle Mexican Grill, Inc.2
92,650
158,273
D.R. Horton, Inc.
8,284,915
809,353
DoorDash, Inc., Class A2
1,163,800
73,971
General Motors Company
10,626,952
389,797
Home Depot, Inc.
4,621,442
1,363,880
Kering SA
221,956
144,861
McDonald’s Corp.
994,533
278,081
NIKE, Inc., Class B
2,491,523
305,561
Restaurant Brands International, Inc.
8,011,245
537,875
Royal Caribbean Cruises, Ltd.1,2,3
16,387,830
1,070,125
Starbucks Corp.
5,530,559
575,897
Tapestry, Inc.
1,654,008
71,304
Tesla, Inc.2
1,358,665
281,869
TJX Companies, Inc.
2,395,150
187,684
Tractor Supply Co.
230,983
54,290
 
8,867,377
Consumer staples 7.76%
 
 
 
Altria Group, Inc.
15,034,737
670,850
Anheuser-Busch InBev SA/NV
372,669
24,850
Archer Daniels Midland Company
1,490,000
118,693
British American Tobacco PLC
67,870,228
2,378,495
Church & Dwight Co., Inc.
1,337,560
118,254
Constellation Brands, Inc., Class A
1,402,782
316,874
Danone SA
2,499,797
155,408
Dollar General Corp.
897,809
188,953
Estée Lauder Companies, Inc., Class A
575,258
141,778
General Mills, Inc.
7,922,519
677,059
Keurig Dr Pepper, Inc.
16,767,380
591,553
Kraft Heinz Company
1,541,811
59,622
Molson Coors Beverage Company, Class B, restricted voting shares
1,236,414
63,898
Mondelez International, Inc.
1,873,879
130,647
PepsiCo, Inc.
3,580,313
652,691
Philip Morris International, Inc.
21,712,213
2,111,513
 
8,401,138
The Investment Company of America — Page 2 of 10
unaudited
Common stocks (continued)
Health care 13.94%
 
Shares
Value
(000)
Abbott Laboratories
22,158,493
$2,243,769
AbbVie, Inc.
6,619,085
1,054,884
AmerisourceBergen Corp.
899,706
144,052
Amgen, Inc.
2,122,061
513,008
AstraZeneca PLC
1,394,668
193,580
AstraZeneca PLC (ADR)
777,359
53,956
Bristol-Myers Squibb Company
3,245,613
224,953
Daiichi Sankyo Company, Ltd.
15,079,700
550,359
Danaher Corp.
1,673,533
421,797
DexCom, Inc.2
3,067,000
356,324
Edwards Lifesciences Corp.2
1,848,445
152,922
Elevance Health, Inc.
660,934
303,904
Eli Lilly and Company
2,118,979
727,700
GE HealthCare Technologies, Inc.2
15,351,293
1,259,267
Gilead Sciences, Inc.
10,113,513
839,118
Humana, Inc.
617,178
299,615
Medtronic PLC
5,607,670
452,090
Novo Nordisk A/S, Class B
4,225,962
670,629
Pfizer, Inc.
4,461,296
182,021
Regeneron Pharmaceuticals, Inc.2
296,200
243,379
Sanofi
232,450
25,314
Stryker Corp.
3,216,800
918,300
Takeda Pharmaceutical Company, Ltd.
5,540,000
181,965
Teva Pharmaceutical Industries, Ltd. (ADR)2
39,840,286
352,587
Thermo Fisher Scientific, Inc.
1,025,553
591,098
UnitedHealth Group, Inc.
4,010,872
1,895,498
Vertex Pharmaceuticals, Inc.2
275,000
86,644
Zoetis, Inc., Class A
973,569
162,041
 
15,100,774
Financials 9.55%
 
 
 
AIA Group, Ltd.
29,241,400
307,251
American International Group, Inc.
20,477,660
1,031,255
Aon PLC, Class A
406,299
128,102
Arthur J. Gallagher & Co.
2,542,765
486,456
Berkshire Hathaway, Inc., Class B2
1,423,150
439,426
BlackRock, Inc.
883,443
591,129
Blackstone, Inc., nonvoting shares
3,576,118
314,126
Charles Schwab Corp.
510,000
26,714
Chubb, Ltd.
3,268,155
634,610
Citizens Financial Group, Inc.
975,961
29,640
CME Group, Inc., Class A
1,479,937
283,438
Fidelity National Information Services, Inc.
2,839,321
154,260
Great-West Lifeco, Inc.
11,285,700
299,115
JPMorgan Chase & Co.
6,200,965
808,048
KeyCorp
3,365,030
42,130
KKR & Co., Inc.
4,583,816
240,742
Marsh & McLennan Companies, Inc.
1,345,801
224,143
Mastercard, Inc., Class A
5,747,953
2,088,864
Morgan Stanley
12,521,202
1,099,362
MSCI, Inc.
454,000
254,099
Nasdaq, Inc.
2,705,605
147,915
PNC Financial Services Group, Inc.
522,079
66,356
The Investment Company of America — Page 3 of 10
unaudited
Common stocks (continued)
Financials (continued)
 
Shares
Value
(000)
S&P Global, Inc.
1,673,237
$576,882
Visa, Inc., Class A
313,279
70,632
 
10,344,695
Information technology 18.63%
 
 
 
Accenture PLC, Class A
1,284,292
367,063
Adobe, Inc.2
567,308
218,623
Amphenol Corp., Class A
4,918,257
401,920
Apple, Inc.
12,910,175
2,128,888
Applied Materials, Inc.
3,426,101
420,828
ASML Holding NV
773,124
528,272
Broadcom, Inc.
7,214,951
4,628,680
Ceridian HCM Holding, Inc.2
808,983
59,234
Cognizant Technology Solutions Corp., Class A
420,655
25,630
Datadog, Inc., Class A2
261,016
18,965
EPAM Systems, Inc.2
1,743,375
521,269
Intel Corp.
20,526,564
670,603
KLA Corp.
32,216
12,860
Micron Technology, Inc.
14,438,948
871,246
Microsoft Corp.
26,572,211
7,660,768
NetApp, Inc.
961,428
61,387
NVIDIA Corp.
182,653
50,736
Palo Alto Networks, Inc.2
95,500
19,075
QUALCOMM, Inc.
1,075,417
137,202
Salesforce, Inc.2
2,496,631
498,777
ServiceNow, Inc.2
1,055,007
490,283
Shopify, Inc., Class A, subordinate voting shares2
277,849
13,320
Snowflake, Inc., Class A2
1,225,921
189,147
Texas Instruments, Inc.
589,205
109,598
Trimble, Inc.2
528,225
27,690
Zscaler, Inc.2
361,446
42,228
 
20,174,292
Communication services 9.54%
 
 
 
Alphabet, Inc., Class A2
15,720,478
1,630,685
Alphabet, Inc., Class C2
16,627,790
1,729,290
Charter Communications, Inc., Class A2
117,811
42,131
Comcast Corp., Class A
56,961,916
2,159,426
Meta Platforms, Inc., Class A2
13,024,758
2,760,467
Netflix, Inc.2
5,498,368
1,899,576
Take-Two Interactive Software, Inc.2
513,634
61,277
T-Mobile US, Inc.2
316,467
45,837
 
10,328,689
Utilities 3.19%
 
 
 
AES Corp.
7,893,498
190,075
CenterPoint Energy, Inc.
4,724,465
139,183
CMS Energy Corp.
2,022,640
124,149
Constellation Energy Corp.
1,628,939
127,872
Edison International
9,354,360
660,324
Entergy Corp.
2,946,749
317,483
Exelon Corp.
1,697,443
71,106
NextEra Energy, Inc.
4,376,215
337,319
PG&E Corp.2
64,560,094
1,043,937
The Investment Company of America — Page 4 of 10
unaudited
Common stocks (continued)
Utilities (continued)
 
Shares
Value
(000)
Public Service Enterprise Group, Inc.
2,705,350
$168,949
Sempra Energy
1,806,151
273,018
 
3,453,415
Real estate 1.61%
 
 
 
American Tower Corp. REIT
882,790
180,389
Crown Castle, Inc. REIT
3,385,647
453,135
Equinix, Inc. REIT
457,686
330,010
Prologis, Inc. REIT
1,526,015
190,401
SBA Communications Corp. REIT, Class A
1,125,713
293,890
VICI Properties, Inc. REIT
9,160,241
298,807
 
1,746,632
Total common stocks (cost: $62,762,439,000)
102,719,249
Preferred securities 0.03%
Financials 0.03%
 
 
 
Fannie Mae, Series O, 7.00% noncumulative preferred shares2
4,815,256
12,953
Fannie Mae, Series P, (3-month USD-LIBOR + 0.75%), 4.50% noncumulative preferred shares2
565,000
802
Fannie Mae, Series R, 7.625% noncumulative preferred shares2
2,946,415
3,948
Fannie Mae, Series T, 8.25% noncumulative preferred shares2
9,922,867
14,785
Federal Home Loan Mortgage Corp., Series V, 5.57% preferred shares2
1,818,512
2,401
Total preferred securities (cost: $47,694,000)
34,889
Convertible stocks 0.27%
Consumer discretionary 0.10%
 
 
 
Aptiv PLC, Series A, convertible preferred shares, 5.50% 6/15/2023
855,066
104,951
Health care 0.06%
 
 
 
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 4/15/2023
48,693
62,052
Utilities 0.11%
 
 
 
AES Corp., convertible preferred units, 6.875% 2/15/2024
507,735
45,447
NextEra Energy, Inc., noncumulative convertible preferred units, 6.926% 9/1/20251
1,682,700
77,993
 
123,440
Total convertible stocks (cost: $299,986,000)
290,443
Convertible bonds & notes 0.12%
Consumer discretionary 0.12%
 
Principal amount
(000)
 
Royal Caribbean Cruises, Ltd., convertible notes, 2.875% 11/15/20233
USD
8,524
8,775
Royal Caribbean Cruises, Ltd., convertible notes, 4.25% 6/15/20233
114,728
116,792
Total convertible bonds & notes (cost: $126,289,000)
125,567
The Investment Company of America — Page 5 of 10
unaudited
Bonds, notes & other debt instruments 0.11%
Corporate bonds, notes & loans 0.07%
Consumer discretionary 0.05%
 
Principal amount
(000)
Value
(000)
Caesars Entertainment, Inc. 7.00% 2/15/20304
USD
7,384
$7,520
Royal Caribbean Cruises, Ltd. 11.50% 6/1/20253,4
9,490
10,128
Royal Caribbean Cruises, Ltd. 8.25% 1/15/20293,4
20,954
21,915
Royal Caribbean Cruises, Ltd. 9.25% 1/15/20293,4
17,415
18,520
 
58,083
Industrials 0.02%
 
 
 
TransDigm, Inc. 4.875% 5/1/2029
21,920
19,425
Total corporate bonds, notes & loans
77,508
U.S. Treasury bonds & notes 0.04%
U.S. Treasury 0.04%
 
 
 
U.S. Treasury 4.125% 9/30/2027
44,535
45,389
Total bonds, notes & other debt instruments (cost: $118,468,000)
122,897
Short-term securities 4.35%
Money market investments 4.34%
 
Shares
 
Capital Group Central Cash Fund 4.86%3,5
47,039,921
4,703,992
Money market investments purchased with collateral from securities on loan 0.01%
 
 
 
Invesco Short-Term Investments Trust – Government & Agency Portfolio,
Institutional Class 4.73%5,6
1,087,338
1,088
Capital Group Central Cash Fund 4.86%3,5,6
7,630
763
Goldman Sachs Financial Square Government Fund, Institutional Shares 4.73%5,6
700,000
700
BlackRock Liquidity Funds – FedFund, Institutional Shares 4.72%5,6
400,000
400
Morgan Stanley Institutional Liquidity Funds – Government Portfolio,
Institutional Class 4.73%5,6
400,000
400
Fidelity Investments Money Market Government Portfolio, Class I 4.72%5,6
300,000
300
Dreyfus Treasury Obligations Cash Management Fund, Institutional Shares 4.69%5,6
200,000
200
State Street Institutional U.S. Government Money Market Fund, Premier Class 4.70%5,6
200,000
200
RBC Funds Trust – U.S. Government Money Market Fund,
RBC Institutional Class 1 4.75%5,6
100,000
100
 
4,151
Total short-term securities (cost: $4,707,112,000)
4,708,143
Total investment securities 99.73% (cost: $68,061,988,000)
108,001,188
Other assets less liabilities 0.27%
295,284
Net assets 100.00%
$108,296,472
The Investment Company of America — Page 6 of 10
unaudited
Investments in affiliates3
 
 
Value of
affiliates at
1/1/2023
(000)
Additions
(000)
Reductions
(000)
Net
realized
gain
(000)
Net
unrealized
(depreciation)
appreciation
(000)
Value of
affiliates at
3/31/2023
(000)
Dividend
or interest
income
(000)
Common stocks 1.51%
Energy 0.00%
Baker Hughes Co., Class A7
$1,557,300
$—
$79,444
$10,629
$(44,407
)
$—
$10,020
Industrials 0.52%
TFI International, Inc.
516,593
—
46,631
9,061
91,012
570,035
1,672
Consumer discretionary 0.99%
Royal Caribbean Cruises, Ltd.1,2
770,566
53,222
—
—
246,337
1,070,125
—
Total common stocks
1,640,160
Convertible bonds & notes 0.12%
Consumer discretionary 0.12%
Royal Caribbean Cruises, Ltd., convertible notes,
2.875% 11/15/2023
8,387
—
—
—
388
8,775
61
Royal Caribbean Cruises, Ltd., convertible notes,
4.25% 6/15/2023
114,413
—
—
—
2,379
116,792
1,140
 
125,567
Bonds, notes & other debt instruments 0.05%
Consumer discretionary 0.05%
Royal Caribbean Cruises, Ltd. 11.50% 6/1/20254
10,199
—
—
—
(71
)
10,128
266
Royal Caribbean Cruises, Ltd. 8.25% 1/15/20294
21,085
—
—
—
830
21,915
428
Royal Caribbean Cruises, Ltd. 9.25% 1/15/20294
17,916
—
—
—
604
18,520
398
 
50,563
Short-term securities 4.34%
Money market investments 4.34%
Capital Group Central Cash Fund 4.86%5
5,773,085
2,825,836
3,895,538
200
409
4,703,992
68,114
Money market investments purchased with collateral
from securities on loan 0.00%
Capital Group Central Cash Fund 4.86%5,6
5,028
4,265
8
763
—
9
Total short-term securities
4,704,755
Total 6.02%
$19,890
$297,481
$6,521,045
$82,099
 
1
All or a portion of this security was on loan. The total value of all such securities was $4,506,000, which represented less than 0.01% of the net assets of the
fund.
2
Security did not produce income during the last 12 months.
3
Affiliate of the fund or part of the same “group of investment companies“ as the fund, as defined under the Investment Company Act of 1940, as amended.
4
Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the
U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $58,083,000, which
represented .05% of the net assets of the fund.
5
Rate represents the seven-day yield at 3/31/2023.
6
Security purchased with cash collateral from securities on loan.
7
Affiliated issuer during the reporting period but no longer an affiliate at 3/31/2023. Refer to the investment portfolio for the security value at 3/31/2023.
8
Represents net activity.
9
Dividend income is included with securities lending income and is not shown in this table.
The Investment Company of America — Page 7 of 10
unaudited
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security. 
Fixed-income class
Examples of standard inputs
All
Benchmark yields, transactions, bids, offers, quotations from dealers and
trading systems, new issues, spreads and other relationships observed in
the markets among comparable securities; and proprietary pricing
models such as yield measures calculated using factors such as cash flows,
financial or collateral performance and other reference data (collectively
referred to as “standard inputs”)
Corporate bonds, notes & loans; convertible securities
Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies
Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations
Standard inputs and cash flows, prepayment information, default rates,
delinquency and loss assumptions, collateral characteristics, credit
enhancements and specific deal information
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund’s investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, contractual or legal restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
The Investment Company of America — Page 8 of 10
unaudited
Processes and structure — The fund’s board of trustees has designated the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Committee”) to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser’s global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The following table presents the fund’s valuation levels as of March 31, 2023 (dollars in thousands): 
 
Investment securities
 
Level 1
Level 2
Level 3
Total
Assets:
Common stocks:
Energy
$5,499,090
$87,709
$—
$5,586,799
Materials
3,017,266
871,676
—
3,888,942
Industrials
14,338,116
488,380
—
14,826,496
Consumer discretionary
8,722,516
144,861
—
8,867,377
Consumer staples
5,842,385
2,558,753
—
8,401,138
Health care
13,478,927
1,621,847
—
15,100,774
Financials
10,037,444
307,251
—
10,344,695
Information technology
19,646,020
528,272
—
20,174,292
Communication services
10,328,689
—
—
10,328,689
Utilities
3,453,415
—
—
3,453,415
Real estate
1,746,632
—
—
1,746,632
Preferred securities
34,889
—
—
34,889
Convertible stocks
290,443
—
—
290,443
Convertible bonds & notes
—
125,567
—
125,567
Bonds, notes & other debt instruments
—
122,897
—
122,897
Short-term securities
4,708,143
—
—
4,708,143
Total
$101,143,975
$6,857,213
$—
$108,001,188
 
Key to abbreviations
ADR = American Depositary Receipts
CAD = Canadian dollars
CDI = CREST Depository Interest
LIBOR = London Interbank Offered Rate
REIT = Real Estate Investment Trust
USD = U.S. dollars
The Investment Company of America — Page 9 of 10
unaudited
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2023 Capital Group. All rights reserved.
MFGEFP1-004-0523O-S89789
The Investment Company of America — Page 10 of 10