unaudited
| Common stocks 87.94% Energy 5.04% | Shares | Value (000) |
| Baker Hughes Co., Class A | 30,595,351 | $321,251 |
| BP PLC1 | 37,680,350 | 160,299 |
| Canadian Natural Resources, Ltd. (CAD denominated) | 15,909,050 | 217,615 |
| Chevron Corp. | 4,822,927 | 349,469 |
| Concho Resources Inc.2 | 10,018,231 | 429,281 |
| ConocoPhillips | 1,876,984 | 57,811 |
| Diamondback Energy, Inc. | 1,626,288 | 42,609 |
| Enbridge Inc. | 7,371,245 | 214,429 |
| Enbridge Inc. (CAD denominated) | 11,102,795 | 323,309 |
| EOG Resources, Inc. | 23,489,246 | 843,734 |
| Exxon Mobil Corp. | 16,825,540 | 638,866 |
| Royal Dutch Shell PLC, Class B1 | 4,885,711 | 81,918 |
| Schlumberger Ltd. | 13,280,520 | 179,154 |
| TC Energy Corp. (CAD denominated) | 4,392,164 | 195,218 |
| TOTAL SA1 | 2,044,718 | 79,293 |
| 4,134,256 | ||
| Materials 2.92% | ||
| Alcoa Corp.3 | 1,702,673 | 10,489 |
| BHP Group PLC1 | 3,863,875 | 59,762 |
| Celanese Corp. | 1,500,523 | 110,124 |
| Dow Inc. | 10,117,663 | 295,841 |
| DuPont de Nemours Inc. | 3,441,577 | 117,358 |
| Freeport-McMoRan Inc. | 18,793,523 | 126,856 |
| International Flavors & Fragrances Inc. | 2,691,577 | 274,756 |
| Linde PLC | 5,189,313 | 897,751 |
| LyondellBasell Industries NV | 1,393,638 | 69,166 |
| Rio Tinto PLC1 | 2,375,574 | 109,045 |
| Sherwin-Williams Co. | 417,351 | 191,781 |
| Vale SA, ordinary nominative (ADR) | 15,773,853 | 130,765 |
| 2,393,694 | ||
| Industrials 7.75% | ||
| Airbus SE, non-registered shares1 | 993,183 | 64,441 |
| Boeing Co. | 2,904,746 | 433,214 |
| Caterpillar Inc. | 743,389 | 86,263 |
| CSX Corp. | 14,620,504 | 837,755 |
| Deere & Co. | 313,669 | 43,336 |
| Fortive Corp. | 473,518 | 26,133 |
| General Dynamics Corp. | 5,322,344 | 704,199 |
| Illinois Tool Works Inc. | 3,389,393 | 481,701 |
| L3Harris Technologies, Inc. | 4,215,828 | 759,355 |
| Lockheed Martin Corp. | 1,445,437 | 489,931 |
| Masco Corp. | 4,759,744 | 164,544 |
| Norfolk Southern Corp. | 772,877 | 112,840 |
| Northrop Grumman Corp. | 2,006,421 | 607,043 |
| Rolls-Royce Holdings PLC1,3 | 46,424,721 | 195,374 |
The Investment Company of America — Page 1
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unaudited
| Common stocks (continued) Industrials (continued) | Shares | Value (000) |
| Safran SA1 | 1,658,769 | $145,799 |
| Stanley Black & Decker, Inc. | 1,626,172 | 162,617 |
| Union Pacific Corp. | 413,133 | 58,268 |
| United Parcel Service, Inc., Class B | 695,800 | 65,002 |
| United Technologies Corp. | 9,518,591 | 897,889 |
| Waste Connections, Inc. | 358,877 | 27,813 |
| 6,363,517 | ||
| Consumer discretionary 9.73% | ||
| Amazon.com, Inc.3 | 1,678,897 | 3,273,379 |
| General Motors Co. | 10,711,312 | 222,581 |
| Hasbro, Inc. | 6,576,427 | 470,543 |
| Hilton Worldwide Holdings Inc. | 4,119,158 | 281,091 |
| Home Depot, Inc. | 8,915,200 | 1,664,557 |
| Las Vegas Sands Corp. | 10,948,131 | 464,967 |
| Lowe’s Cos., Inc. | 1,495,321 | 128,672 |
| LVMH Moët Hennessy-Louis Vuitton SE1 | 249,750 | 92,706 |
| Marriott International, Inc., Class A | 1,939,994 | 145,131 |
| McDonald’s Corp. | 2,259,537 | 373,615 |
| NIKE, Inc., Class B | 4,837,322 | 400,240 |
| Royal Caribbean Cruises Ltd. | 5,198,956 | 167,250 |
| Sony Corp.1 | 3,754,500 | 223,180 |
| TJX Cos., Inc. | 1,654,000 | 79,078 |
| 7,986,990 | ||
| Consumer staples 8.29% | ||
| Altria Group, Inc. | 13,032,386 | 503,962 |
| British American Tobacco PLC1 | 30,361,936 | 1,036,810 |
| British American Tobacco PLC (ADR) | 3,393,041 | 116,008 |
| Coca-Cola Co. | 6,793,378 | 300,607 |
| Constellation Brands, Inc., Class A | 2,478,801 | 355,361 |
| Costco Wholesale Corp. | 1,124,980 | 320,766 |
| Diageo PLC1 | 1,704,733 | 54,600 |
| Estée Lauder Cos. Inc., Class A | 160,500 | 25,574 |
| Hormel Foods Corp. | 1,217,388 | 56,779 |
| Keurig Dr Pepper Inc. | 25,747,682 | 624,896 |
| Lamb Weston Holdings, Inc. | 7,046,625 | 402,362 |
| Mondelez International, Inc. | 996,881 | 49,924 |
| Nestlé SA1 | 8,461,480 | 872,110 |
| PepsiCo, Inc. | 3,952,070 | 474,644 |
| Pernod Ricard SA1 | 894,992 | 127,303 |
| Philip Morris International Inc. | 16,772,048 | 1,223,689 |
| Procter & Gamble Co. | 757,344 | 83,308 |
| Reckitt Benckiser Group PLC1 | 2,242,981 | 172,143 |
| 6,800,846 | ||
| Health care 15.44% | ||
| Abbott Laboratories | 31,144,217 | 2,457,590 |
| AbbVie Inc. | 8,375,664 | 638,142 |
| Alcon Inc.1,3 | 1,782,647 | 90,972 |
| Amgen Inc. | 7,053,553 | 1,429,967 |
| Anthem, Inc. | 343,039 | 77,884 |
| AstraZeneca PLC1 | 3,236,754 | 289,133 |
| Baxter International Inc. | 999,084 | 81,116 |
| Cigna Corp. | 619,140 | 109,699 |
The Investment Company of America — Page 2
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unaudited
| Common stocks (continued) Health care (continued) | Shares | Value (000) |
| Daiichi Sankyo Co., Ltd.1 | 11,259,800 | $774,692 |
| Danaher Corp. | 951,647 | 131,717 |
| Edwards Lifesciences Corp.3 | 560,785 | 105,775 |
| Eli Lilly and Co. | 3,144,380 | 436,188 |
| Gilead Sciences, Inc. | 23,071,482 | 1,724,824 |
| GlaxoSmithKline PLC1 | 22,541,985 | 422,828 |
| Humana Inc. | 490,953 | 154,169 |
| Illumina, Inc.3 | 237,622 | 64,899 |
| Incyte Corp.3 | 438,627 | 32,121 |
| Johnson & Johnson | 598,128 | 78,433 |
| Medtronic PLC | 2,445,410 | 220,527 |
| Merck & Co., Inc. | 8,256,887 | 635,285 |
| Novartis AG1 | 1,281,633 | 105,921 |
| Stryker Corp. | 352,275 | 58,650 |
| Teva Pharmaceutical Industries Ltd. (ADR)3 | 22,812,911 | 204,860 |
| Thermo Fisher Scientific Inc. | 2,481,317 | 703,701 |
| UnitedHealth Group Inc. | 5,090,286 | 1,269,416 |
| Zimmer Biomet Holdings, Inc. | 478,700 | 48,387 |
| Zoetis Inc., Class A | 2,700,000 | 317,763 |
| 12,664,659 | ||
| Financials 3.95% | ||
| AIA Group Ltd.1 | 25,197,601 | 226,685 |
| American Express Co. | 400,000 | 34,244 |
| American International Group, Inc. | 10,405,486 | 252,333 |
| Aon PLC, Class A | 1,155,777 | 190,749 |
| Bank of America Corp. | 363,000 | 7,707 |
| Bank of Montreal | 2,356,886 | 119,008 |
| Bank of New York Mellon Corp. | 747,660 | 25,181 |
| Berkshire Hathaway Inc., Class B3 | 797,504 | 145,808 |
| BlackRock, Inc. | 501,931 | 220,835 |
| Chubb Ltd. | 2,524,400 | 281,950 |
| CME Group Inc., Class A | 999,761 | 172,869 |
| Discover Financial Services | 1,552,000 | 55,360 |
| Great-West Lifeco Inc. (Canada) | 9,994,427 | 172,646 |
| JPMorgan Chase & Co. | 4,475,942 | 402,969 |
| PNC Financial Services Group, Inc. | 1,465,414 | 140,269 |
| S&P Global Inc. | 1,211,782 | 296,947 |
| SVB Financial Group3 | 321,000 | 48,497 |
| The Blackstone Group Inc., Class A | 320,100 | 14,587 |
| Toronto-Dominion Bank (CAD denominated) | 800,000 | 34,011 |
| Truist Financial Corp. | 7,744,341 | 238,835 |
| Wells Fargo & Co. | 5,451,942 | 156,471 |
| 3,237,961 | ||
| Information technology 17.14% | ||
| Accenture PLC, Class A | 3,335,562 | 544,564 |
| Adobe Inc.3 | 925,105 | 294,405 |
| Amphenol Corp., Class A | 5,352,067 | 390,059 |
| Apple Inc. | 4,694,019 | 1,193,642 |
| ASML Holding NV1 | 1,775,808 | 471,940 |
| Autodesk, Inc.3 | 1,221,500 | 190,676 |
| Broadcom Inc. | 13,415,696 | 3,180,862 |
| Global Payments Inc. | 387,631 | 55,908 |
| Intel Corp. | 10,556,496 | 571,318 |
The Investment Company of America — Page 3
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unaudited
| Common stocks (continued) Information technology (continued) | Shares | Value (000) |
| Intuit Inc. | 273,643 | $62,938 |
| Mastercard Inc., Class A | 2,715,007 | 655,837 |
| Microsoft Corp. | 33,465,946 | 5,277,914 |
| NetApp, Inc. | 2,551,963 | 106,391 |
| QUALCOMM Inc. | 558,253 | 37,766 |
| Samsung Electronics Co., Ltd.1 | 6,000,000 | 233,185 |
| ServiceNow, Inc.3 | 1,317,815 | 377,659 |
| SS&C Technologies Holdings, Inc. | 900,000 | 39,438 |
| Taiwan Semiconductor Manufacturing Co., Ltd.1 | 2,483,000 | 22,163 |
| TE Connectivity Ltd. | 677,327 | 42,658 |
| Texas Instruments Inc. | 266,973 | 26,679 |
| Visa Inc., Class A | 1,169,389 | 188,412 |
| Western Union Co. | 5,417,347 | 98,216 |
| 14,062,630 | ||
| Communication services 12.26% | ||
| Activision Blizzard, Inc.3 | 2,487,018 | 147,928 |
| Alphabet Inc., Class A3 | 1,133,553 | 1,317,132 |
| Alphabet Inc., Class C3 | 718,880 | 835,921 |
| Charter Communications, Inc., Class A3 | 568,540 | 248,059 |
| Comcast Corp., Class A | 31,370,938 | 1,078,533 |
| Facebook, Inc., Class A3 | 25,119,326 | 4,189,903 |
| Fox Corp., Class A | 2,990,642 | 70,669 |
| Netflix, Inc.3 | 5,599,736 | 2,102,701 |
| Vodafone Group PLC1 | 47,847,825 | 66,839 |
| 10,057,685 | ||
| Utilities 2.59% | ||
| AES Corp. | 2,284,000 | 31,062 |
| American Electric Power Co., Inc. | 723,820 | 57,891 |
| CMS Energy Corp. | 1,072,000 | 62,980 |
| Consolidated Edison, Inc. | 305,900 | 23,860 |
| Dominion Energy, Inc. | 5,606,279 | 404,717 |
| Duke Energy Corp. | 866,413 | 70,076 |
| E.ON SE1 | 8,789,494 | 92,435 |
| Edison International | 6,943,093 | 380,412 |
| Exelon Corp. | 6,654,548 | 244,954 |
| National Grid PLC1 | 6,358,900 | 74,530 |
| NextEra Energy, Inc. | 1,306,654 | 314,407 |
| Public Service Enterprise Group Inc. | 559,061 | 25,108 |
| Sempra Energy | 3,059,964 | 345,745 |
| 2,128,177 | ||
| Real estate 2.83% | ||
| Alexandria Real Estate Equities, Inc. REIT | 1,520,226 | 208,362 |
| American Tower Corp. REIT | 3,187,094 | 693,990 |
| Crown Castle International Corp. REIT | 4,325,847 | 624,652 |
| Digital Realty Trust, Inc. REIT | 1,486,479 | 206,487 |
| Equinix, Inc. REIT | 216,822 | 135,421 |
| Extra Space Storage Inc. REIT | 404,753 | 38,759 |
| Public Storage REIT | 186,505 | 37,042 |
| SBA Communications Corp. REIT | 1,386,744 | 374,379 |
| 2,319,092 | ||
| Total common stocks (cost: $59,326,729,000) | 72,149,507 |
The Investment Company of America — Page 4
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unaudited
| Preferred securities 0.12% Financials 0.12% | Shares | Value (000) |
| Fannie Mae, Series S, 8.25% noncumulative, preferred shares3 | 7,254,000 | $45,918 |
| Federal Home Loan Mortgage Corp., Series Z, 8.375% noncumulative, preferred shares3 | 8,568,477 | 52,182 |
| 98,100 | ||
| Total preferred securities (cost: $147,137,000) | 98,100 | |
| Convertible stocks 0.16% Industrials 0.06% | ||
| Stanley Black & Decker, Inc., convertible preferred shares, 5.375% 2020 | 598,128 | 43,454 |
| Information technology 0.03% | ||
| Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 27,800 | 25,975 |
| Utilities 0.07% | ||
| NextEra Energy, Inc., units, convertible preferred shares, 4.872% 2022 | 461,655 | 21,855 |
| Sempra Energy, Series A, convertible preferred shares, 6.00% 2021 | 404,020 | 37,380 |
| 59,235 | ||
| Total convertible stocks (cost: $153,208,000) | 128,664 | |
| Bonds, notes & other debt instruments 0.09% U.S. Treasury bonds & notes 0.09% U.S. Treasury 0.09% | Principal amount (000) | |
| U.S. Treasury 2.75% 20234 | $70,138 | 75,435 |
| Total bonds, notes & other debt instruments (cost: $69,947,000) | 75,435 | |
| Short-term securities 12.26% Money market investments 12.26% | Shares | |
| Capital Group Central Cash Fund 1.00%2,5 | 100,582,661 | 10,062,289 |
| Total short-term securities (cost: $10,042,789,000) | 10,062,289 | |
| Total investment securities 100.57% (cost: $69,739,810,000) | 82,513,995 | |
| Other assets less liabilities (0.57%) | (469,346) | |
| Net assets 100.00% | $82,044,649 |
The Investment Company of America — Page 5
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unaudited
Investments in affiliates
A company is an affiliate of the
fund under the Investment Company Act of 1940 if the fund’s holdings represent 5% or more of the outstanding voting shares of that company. Further details on these holdings and related transactions during the
three months ended March 31, 2020, appear below.
| Beginning shares | Additions | Reductions | Ending shares | Net realized (loss) gain (000) | Net unrealized (depreciation) appreciation (000) | Dividend income (000) | Value of affiliates at 3/31/2020 (000) | |
| Common stocks 0.52% | ||||||||
| Energy 0.52% | ||||||||
| Concho Resources Inc. | 10,018,231 | — | — | 10,018,231 | $— | $(448,015) | $2,004 | $429,281 |
| Noble Energy, Inc.6 | 24,216,433 | — | 24,216,433 | — | (547,034) | 37,504 | 2,906 | — |
| 429,281 | ||||||||
| Consumer discretionary 0.00% | ||||||||
| Hasbro, Inc.6 | 7,922,598 | — | 1,346,171 | 6,576,427 | (34,707) | (238,259) | 5,387 | — |
| Consumer staples 0.00% | ||||||||
| Lamb Weston Holdings, Inc.6 | 8,171,898 | — | 1,125,273 | 7,046,625 | 36,421 | (240,471) | 1,694 | — |
| Short-term securities 12.27% | ||||||||
| Money market investments 12.27% | ||||||||
| Capital Group Central Cash Fund 1.00%5 | 51,987,945 | 81,843,245 | 33,248,529 | 100,582,661 | (3,008) | 16,812 | 24,841 | 10,062,289 |
| Total 12.79% | $(548,328) | $(872,429) | $36,832 | $10,491,570 | ||||
| 1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $6,346,106,000, which represented 7.73% of the net assets of the fund. This entire amount relates to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
| 2 | Represents an affiliated company as defined under the Investment Company Act of 1940. |
| 3 | Security did not produce income during the last 12 months. |
| 4 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $1,481,000, which represented less than .01% of the net assets of the fund. |
| 5 | Rate represents the seven-day yield at 3/31/2020. |
| 6 | Unaffiliated issuer at 3/31/2020. |
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 of each share class of the fund is generally determined as of approximately 4:00 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 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.
The Investment Company of America — Page 6
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unaudited
Fixed-income securities, including
short-term securities, are generally valued at prices obtained from one or more 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; 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 |
When the fund’s investment
adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that
are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
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 authority of the fund’s 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; 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 and 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.
Processes and structure — The fund’s board of trustees has delegated authority to 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 “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair
Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews
changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair
Valuation Committee reports any 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.
The fund’s investment adviser
has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor
information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the
investment adviser’s compliance group.
The Investment Company of America — Page 7
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unaudited
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, 2020 (dollars in thousands):
| Investment securities | ||||
| Level 1 | Level 2 | Level 3 | Total | |
| Assets: | ||||
| Common stocks: | ||||
| Energy | $3,812,746 | $321,510 | $— | $4,134,256 |
| Materials | 2,224,887 | 168,807 | — | 2,393,694 |
| Industrials | 5,957,903 | 405,614 | — | 6,363,517 |
| Consumer discretionary | 7,671,104 | 315,886 | — | 7,986,990 |
| Consumer staples | 4,537,880 | 2,262,966 | — | 6,800,846 |
| Health care | 10,981,113 | 1,683,546 | — | 12,664,659 |
| Financials | 3,011,276 | 226,685 | — | 3,237,961 |
| Information technology | 13,335,342 | 727,288 | — | 14,062,630 |
| Communication services | 9,990,846 | 66,839 | — | 10,057,685 |
| Utilities | 1,961,212 | 166,965 | — | 2,128,177 |
| Real estate | 2,319,092 | — | — | 2,319,092 |
| Preferred securities | 98,100 | — | — | 98,100 |
| Convertible stocks | 128,664 | — | — | 128,664 |
| Bonds, notes & other debt instruments | — | 75,435 | — | 75,435 |
| Short-term securities | 10,062,289 | — | — | 10,062,289 |
| Total | $76,092,454 | $6,421,541 | $— | $82,513,995 |
| Key to abbreviations |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
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.
© 2020 Capital Group. All
rights reserved.
| MFGEFPX-004-0520O-S73138 | The Investment Company of America — Page 8 of 8 |