American Funds Investment Company of America R2 (RICBX - Free Report) a Zacks Rank #1 (Strong Buy) invests primarily in common stocks, most of which have a history of paying dividends. It may invest up to 15% of its assets, at the time of purchase, in securities of issuers domiciled outside the United States.
This Large Blend fund, as of the last filing, allocates their fund in three major groups; Large Growth, Large Value and Intermediate Bond. Further, as of the last filing, AMGEN INC, ABBVIE INC and VERIZON COMMUNICATIONS INC were the top holdings for RICBX.
The American Funds Investment Company of America R2 fund, managed by American Funds, carries an expense ratio of 1.37%. Moreover, RICBX requires a minimal initial investment of $250.
RICBX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 5.1%, 3 year 7.2% and 5 year 12.04%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
RICBX’s performance, as of the last filing, when compared to funds in its category was in the top 22% in 1 year, top 29% over the past 3 years, and in the 37% over the past 5 years.
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