UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
Quarterly Schedule of Portfolio Holdings of
Registered Management Investment Company
Investment Company Act File Number: 811-00116
The Investment Company of America
(Exact Name of Registrant as Specified in Charter)
333 South Hope Street,
Los Angeles, California 90071
(Address of Principal Executive Offices)
Registrant's telephone number, including area code:
(213) 486-9200
Date of fiscal year end: December 31
Date of reporting period: March 31, 2013
Vincent P. Corti
The Investment Company of America
333 South Hope Street
Los Angeles, California 90071
(Name and Address of Agent for Service)
Copies to:
Eric A. S. Richards
O’Melveny & Myers LLP
400 South Hope Street, 10th Floor
Los Angeles, California 90071
(Counsel for the Registrant)
ITEM 1 – Schedule of Investments
|
The Investment Company of
America
®
Investment portfolio
March 31, 2013
|
unaudited
Common stocks 92.32%
|
|
|
|
|
Value
|
Energy 12.63%
|
Shares
|
(000)
|
|
|
|
Apache Corp.
|
4,870,000
|
$ 375,769
|
Baker Hughes Inc.
|
13,871,000
|
643,753
|
BP PLC
|
136,457,810
|
953,498
|
BP PLC (ADR)
|
620,500
|
26,278
|
Canadian Natural Resources, Ltd.
|
4,165,000
|
133,498
|
Chevron Corp.
|
5,741,000
|
682,146
|
ConocoPhillips
|
13,425,000
|
806,842
|
Devon Energy Corp.
|
4,305,000
|
242,888
|
Eni SpA
|
6,348,000
|
142,628
|
EOG Resources, Inc.
|
4,232,200
|
542,018
|
Halliburton Co.
|
8,870,000
|
358,437
|
Kinder Morgan, Inc.
|
5,700,000
|
220,476
|
Royal Dutch Shell PLC, Class A (ADR)
|
10,423,700
|
679,208
|
Royal Dutch Shell PLC, Class B
|
11,475,458
|
380,960
|
Royal Dutch Shell PLC, Class B (ADR)
|
2,975,498
|
198,823
|
Schlumberger Ltd.
|
15,364,999
|
1,150,685
|
TOTAL SA
|
1,467,770
|
70,274
|
|
|
7,608,181
|
|
|
|
Materials 3.45%
|
|
|
|
|
|
ArcelorMittal
|
7,540,000
|
97,123
|
Barrick Gold Corp.
|
2,489,100
|
73,180
|
Dow Chemical Co.
|
35,637,000
|
1,134,682
|
International Flavors & Fragrances Inc.
|
3,006,500
|
230,508
|
POSCO
|
273,000
|
79,991
|
Praxair, Inc.
|
3,439,500
|
383,642
|
United States Steel Corp.
|
4,160,000
|
81,120
|
|
|
2,080,246
|
|
|
|
Industrials 10.13%
|
|
|
|
|
|
CSX Corp.
|
35,337,748
|
870,369
|
Danaher Corp.
|
3,800,000
|
236,170
|
Emerson Electric Co.
|
2,130,000
|
119,003
|
European Aeronautic Defence and Space Co. EADS NV
|
2,235,000
|
113,725
|
General Dynamics Corp.
|
15,027,800
|
1,059,610
|
General Electric Co.
|
21,875,000
|
505,750
|
Illinois Tool Works Inc.
|
6,400,000
|
390,016
|
Lockheed Martin Corp.
|
2,290,820
|
221,110
|
Masco Corp.
|
10,450,000
|
211,612
|
R.R. Donnelley & Sons Co.
1
|
10,135,000
|
122,127
|
Textron Inc.
|
6,097,501
|
181,767
|
Union Pacific Corp.
|
3,193,900
|
454,843
|
United Continental Holdings, Inc.
2
|
8,450,000
|
270,484
|
United Parcel Service, Inc., Class B
|
5,365,000
|
460,853
|
United Technologies Corp.
|
4,161,852
|
388,842
|
Waste Management, Inc.
|
12,654,500
|
496,183
|
|
|
6,102,464
|
|
|
|
Consumer discretionary 11.86%
|
|
|
|
|
|
Amazon.com, Inc.
2
|
2,525,000
|
672,887
|
Comcast Corp., Class A
|
9,273,400
|
389,576
|
Comcast Corp., Class A, special nonvoting shares
|
7,000,000
|
277,340
|
Daimler AG
|
960,000
|
52,226
|
DIRECTV
2
|
2,500,000
|
141,525
|
Ford Motor Co.
|
9,500,000
|
124,925
|
General Motors Co.
2
|
35,490,500
|
987,346
|
Home Depot, Inc.
|
18,420,000
|
1,285,348
|
Johnson Controls, Inc.
|
17,948,400
|
629,450
|
Kohl’s Corp.
|
4,494,000
|
207,308
|
Las Vegas Sands Corp.
|
3,430,000
|
193,280
|
News Corp., Class A
|
11,690,000
|
356,779
|
NIKE, Inc., Class B
|
7,156,200
|
422,287
|
Nissan Motor Co., Ltd.
|
18,365,000
|
176,530
|
Nordstrom, Inc.
|
1,500,000
|
82,845
|
Time Warner Cable Inc.
|
4,362,727
|
419,084
|
Time Warner Inc.
|
8,104,000
|
466,952
|
WPP PLC
|
2,800,000
|
44,626
|
Wynn Resorts, Ltd.
|
1,735,000
|
217,153
|
|
|
7,147,467
|
|
|
|
Consumer staples 11.55%
|
|
|
|
|
|
Altria Group, Inc.
|
34,945,000
|
1,201,759
|
Anheuser-Busch InBev NV
|
867,389
|
85,881
|
Avon Products, Inc.
|
3,000,000
|
62,190
|
Coca-Cola Co.
|
13,606,600
|
550,251
|
ConAgra Foods, Inc.
|
5,521,100
|
197,711
|
CVS/Caremark Corp.
|
10,450,000
|
574,645
|
Danone SA
|
750,000
|
52,178
|
General Mills, Inc.
|
3,920,000
|
193,295
|
Kellogg Co.
|
3,903,268
|
251,488
|
Kimberly-Clark Corp.
|
1,500,000
|
146,970
|
Kraft Foods Group, Inc.
|
6,124,722
|
315,607
|
Lorillard, Inc.
|
5,959,000
|
240,446
|
Mondelez International, Inc.
|
11,825,000
|
361,963
|
PepsiCo, Inc.
|
5,220,000
|
412,954
|
Philip Morris International Inc.
|
24,304,572
|
2,253,277
|
Reynolds American Inc.
|
1,333,332
|
59,320
|
|
|
6,959,935
|
|
|
|
Health care 12.46%
|
|
|
|
|
|
Abbott Laboratories
|
6,635,000
|
234,348
|
AbbVie Inc.
|
27,391,338
|
1,117,019
|
Aetna Inc.
|
10,013,000
|
511,865
|
Alexion Pharmaceuticals, Inc.
2
|
2,350,000
|
216,529
|
Allergan, Inc.
|
1,690,000
|
188,655
|
Amgen Inc.
|
16,779,503
|
1,720,067
|
Bayer AG
|
1,831,500
|
188,898
|
Express Scripts Holding Co.
2
|
1,250,000
|
72,063
|
Gilead Sciences, Inc.
2
|
35,880,000
|
1,755,608
|
GlaxoSmithKline PLC
|
6,000,000
|
140,251
|
Johnson & Johnson
|
600,000
|
48,918
|
Medtronic, Inc.
|
3,562,500
|
167,295
|
Merck & Co., Inc.
|
2,800,000
|
123,844
|
Novartis AG
|
5,199,000
|
369,187
|
Novartis AG (ADR)
|
921,556
|
65,652
|
St. Jude Medical, Inc.
|
5,957,479
|
240,920
|
UnitedHealth Group Inc.
|
6,056,287
|
346,480
|
|
|
7,507,599
|
|
|
|
Financials 3.13%
|
|
|
|
|
|
Capital One Financial Corp.
|
7,250,000
|
398,387
|
Citigroup Inc.
|
4,950,000
|
218,988
|
Credit Suisse Group AG
|
8,072,364
|
211,699
|
HSBC Holdings PLC (ADR)
|
1,529,416
|
81,579
|
HSBC Holdings PLC (Hong Kong)
|
5,295,200
|
55,936
|
HSBC Holdings PLC (United Kingdom)
|
4,869,240
|
51,971
|
JPMorgan Chase & Co.
|
8,080,000
|
383,477
|
Prudential Financial, Inc.
|
3,240,000
|
191,128
|
Société Générale
2
|
3,432,877
|
112,770
|
U.S. Bancorp
|
2,035,000
|
69,048
|
Wells Fargo & Co.
|
3,000,000
|
110,970
|
|
|
1,885,953
|
|
|
|
Information technology 13.60%
|
|
|
|
|
|
Accenture PLC, Class A
|
2,850,000
|
216,514
|
Adobe Systems Inc.
2
|
3,130,000
|
136,186
|
Apple Inc.
|
1,225,000
|
542,222
|
Automatic Data Processing, Inc.
|
4,023,043
|
261,578
|
Broadcom Corp., Class A
|
2,200,000
|
76,274
|
Corning Inc.
|
4,250,000
|
56,652
|
Flextronics International Ltd.
2
|
7,500,000
|
50,700
|
Google Inc., Class A
2
|
623,700
|
495,237
|
Hewlett-Packard Co.
|
38,800,000
|
924,992
|
Intel Corp.
|
11,840,000
|
258,704
|
International Business Machines Corp.
|
1,534,741
|
327,360
|
KLA-Tencor Corp.
|
6,276,900
|
331,044
|
Linear Technology Corp.
|
4,100,000
|
157,317
|
Maxim Integrated Products, Inc.
|
2,757,700
|
90,039
|
Microsoft Corp.
|
58,552,100
|
1,675,176
|
Nokia Corp.
|
13,125,000
|
42,460
|
Nokia Corp. (ADR)
|
1,652,400
|
5,420
|
Oracle Corp.
|
34,835,000
|
1,126,564
|
Samsung Electronics Co. Ltd.
|
288,000
|
395,269
|
Texas Instruments Inc.
|
24,825,000
|
880,791
|
Xilinx, Inc.
|
3,754,500
|
143,309
|
|
|
8,193,808
|
|
|
|
Telecommunication services 6.50%
|
|
|
|
|
|
AT&T Inc.
|
30,250,000
|
1,109,872
|
CenturyLink, Inc.
|
21,171,000
|
743,737
|
Sprint Nextel Corp., Series 1
2
|
105,000,000
|
652,050
|
Verizon Communications Inc.
|
23,024,600
|
1,131,659
|
Vodafone Group PLC
|
93,800,000
|
265,933
|
Vodafone Group PLC (ADR)
|
560,000
|
15,910
|
|
|
3,919,161
|
|
|
|
Utilities 2.57%
|
|
|
|
|
|
Dominion Resources, Inc.
|
9,403,824
|
547,115
|
Exelon Corp.
|
10,137,300
|
349,534
|
FirstEnergy Corp.
|
4,716,650
|
199,043
|
GDF SUEZ
|
10,085,861
|
194,164
|
NextEra Energy, Inc.
|
300,000
|
23,304
|
PG&E Corp.
|
2,225,000
|
99,079
|
Public Service Enterprise Group Inc.
|
4,000,000
|
137,360
|
|
|
1,549,599
|
|
|
|
Miscellaneous 4.44%
|
|
|
|
|
|
Other common stocks in initial period of acquisition
|
|
2,678,330
|
Total common stocks
(cost: $38,008,479,000)
|
|
55,632,743
|
|
|
|
Convertible securities 0.73%
|
|
|
|
Shares or
|
|
Materials 0.08%
|
principal amount
|
|
|
|
|
ArcelorMittal 5.00% convertible debenture 2014
|
$48,620,000
|
50,018
|
Consumer discretionary 0.65%
|
|
|
|
|
|
General Motors Co., Series B, 4.75% convertible preferred 2013
|
9,060,850
|
389,073
|
Total convertible securities
(cost: $477,515,000)
|
|
439,091
|
|
|
|
Bonds & notes 0.57%
|
|
|
|
Principal amount
|
|
Financials 0.12%
|
(000)
|
|
|
|
|
JPMorgan Chase & Co., Series I, junior subordinated 7.90% (undated)
3
|
$ 62,936
|
72,413
|
Telecommunication services 0.45%
|
|
|
|
|
|
Sprint Capital Corp. 6.90% 2019
|
17,200
|
18,963
|
Sprint Nextel Corp. 11.50% 2021
|
101,775
|
142,867
|
Sprint Nextel Corp. 8.375% 2017
|
7,825
|
9,145
|
Sprint Nextel Corp. 9.125% 2017
|
83,400
|
99,038
|
|
|
270,013
|
|
|
|
Total bonds & notes
(cost:
$271,178,000
)
|
|
342,
426
|
|
|
|
|
|
|
|
|
|
Short-term securities 7.56%
|
|
|
|
|
|
Bank of Nova Scotia 0.12%–0.125%
due 4/1/2013
|
262,500
|
262,499
|
Bank of Tokyo-Mitsubishi UFJ, Ltd. 0.16%
due 4/1/2013
|
131,900
|
131,899
|
Chariot Funding, LLC 0.19%
due 5/3/2013
4
|
19,750
|
19,748
|
Coca-Cola Co. 0.14%–0.15%
due 5/21–6/18/2013
4
|
105,000
|
104,977
|
Deutsche Bank Financial LLC 0.17%
due 4/1/2013
|
100,000
|
99,999
|
Fannie Mae 0.12%–0.18%
due 4/1–12/19/2013
|
863,661
|
863,381
|
Federal Farm Credit Banks 0.15%–0.22%
due 4/18–11/21/2013
|
652,000
|
651,663
|
Federal Home Loan Bank 0.03%–0.22%
due 4/1–9/12/2013
|
737,900
|
737,729
|
Freddie Mac 0.10%–0.22%
due 4/1/2013–2/28/2014
|
368,705
|
368,561
|
General Electric Capital Corp. 0.07%
due 4/1/2013
|
40,000
|
40,000
|
Honeywell International Inc. 0.16%
due 6/25/2013
4
|
22,300
|
22,292
|
John Deere Credit Ltd. 0.15%
due 4/12/2013
4
|
25,000
|
24,999
|
Jupiter Securitization Co., LLC 0.17%–0.19%
due 4/24–5/28/2013
4
|
93,100
|
93,081
|
Mitsubishi UFJ Trust and Banking Corp. 0.14%
due 4/1/2013
4
|
75,000
|
75,000
|
National Rural Utilities Cooperative Finance Corp. 0.11%
due 4/2/2013
|
50,000
|
50,000
|
Paccar Financial Corp. 0.10%
due 4/23/2013
|
35,300
|
35,298
|
Private Export Funding Corp. 0.17%–0.26%
due 6/18–7/16/2013
4
|
38,100
|
38,081
|
Procter & Gamble Co. 0.14%
due 6/10/2013
4
|
30,000
|
29,996
|
Sumitomo Mitsui Banking Corp. 0.15%–0.16%
due 4/1/2013
4
|
199,400
|
199,399
|
U.S. Bank, N.A. 0.07%
due 4/1/2013
|
50,000
|
50,000
|
U.S. Treasury Bills 0.10%–0.193%
due 4/11–9/19/2013
|
509,900
|
509,785
|
Variable Funding Capital Company LLC 0.14%–0.15%
due 4/1–4/25/2013
4
|
26,700
|
26,700
|
Wal-Mart Stores, Inc. 0.09%
due 4/1/2013
4
|
85,000
|
85,000
|
Wells Fargo & Co. 0.17%
due 6/10/2013
|
35,000
|
34,985
|
|
|
|
Total short-term securities
(cost $4,554,649,000)
|
|
4,555,072
|
Total investment securities
(cost: $43,311,821,000)
|
|
60,969,332
|
Other assets less liabilities
|
|
(708,301)
|
Net assets
|
|
$60,261,031
|
As permitted by U.S. Securities and Exchange Commission regulations,
“Miscellaneous” securities include holdings in their first year of acquisition that have not previously been publicly
disclosed.
Investments
in affiliates
A company is considered to be an affiliate of the fund under the Investment
Company Act of 1940 if the fund’s holdings in that company represent 5% or more of the outstanding voting shares. Further
details on these holdings and related transactions during the three
months ended March 31, 2013, appear below.
|
|
|
|
|
|
Value
|
|
|
|
|
|
|
of affiliates
|
|
|
|
|
|
Dividend income
|
at 3/31/2013
|
|
Beginning shares
|
Additions
|
Reductions
|
Ending shares
|
(000)
|
(000)
|
|
|
|
|
|
|
|
R.R. Donnelley & Sons Co.
|
10,135,000
|
—
|
—
|
10,135,000
|
$ 2,635
|
$ 122,127
|
Masco Corp.
5
|
22,329,069
|
—
|
11,879,069
|
10,450,000
|
1,675
|
—
|
|
|
|
|
|
$4,310
|
$122,127
|
1
Represents
an affiliated company as defined under the Investment Company Act of 1940.
2
Security
did not produce income during the last 12 months.
3
Coupon rate may change periodically.
4
Acquired
in a transaction exempt from registration under section 4(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 $719,273,000,
which represented 1.19% of the net assets of the fund.
5
Unaffiliated
issuer at 3/31/2013.
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.
Fixed-income securities, including short-term securities purchased with
more than 60 days left to maturity, 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 not deemed to be 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 above for either
equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser.
Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates fair value. The value
of short-term securities originally purchased with maturities greater than 60 days is determined based on an amortized value to
par when they reach 60 days.
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 value guidelines adopted by authority of the fund’s board of trustees as further described below.
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 with supplemental information to support the changes. 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.
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, 2013 (dollars in thousands):
|
Investment securities
|
|
|
|
|
|
|
Level 1*
|
Level 2
|
Level 3
|
Total
|
|
|
|
|
|
Assets:
|
|
|
|
|
Common stocks:
|
|
|
|
|
Energy
|
$ 7,608,181
|
$ —
|
$—
|
$ 7,608,181
|
Materials
|
2,080,246
|
—
|
—
|
2,080,246
|
Industrials
|
6,102,464
|
—
|
—
|
6,102,464
|
Consumer discretionary
|
7,147,467
|
—
|
—
|
7,147,467
|
Consumer staples
|
6,959,935
|
—
|
—
|
6,959,935
|
Health care
|
7,507,599
|
—
|
—
|
7,507,599
|
Financials
|
1,885,953
|
—
|
—
|
1,885,953
|
Information technology
|
8,193,808
|
—
|
—
|
8,193,808
|
Telecommunication services
|
3,919,161
|
—
|
—
|
3,919,161
|
Utilities
|
1,549,599
|
—
|
—
|
1,549,599
|
Miscellaneous
|
2,678,330
|
—
|
—
|
2,678,330
|
Convertible securities
|
389,073
|
50,018
|
—
|
439,091
|
Bonds & notes
|
—
|
342,426
|
—
|
342,426
|
Short-term securities
|
—
|
4,555,072
|
—
|
4,555,072
|
Total
|
$56,021,816
|
$4,947,516
|
$—
|
$60,969,332
|
|
|
|
|
|
*Securities with a market value of $5,132,181,000, which represented 8.52% of the net assets of the fund, transferred from Level 2 to Level 1 since the prior fiscal year-end, primarily due to a lack of significant market movements following the close of local trading.
|
Federal income tax information
|
(dollars in thousands)
|
|
|
Gross unrealized appreciation on investment securities
|
$19,023,403
|
Gross unrealized depreciation on investment securities
|
(1,367,898)
|
Net unrealized appreciation on investment securities
|
17,655,505
|
Cost of investment securities for federal income tax purposes
|
43,313,827
|
Key to abbreviation
ADR = American Depositary Receipts
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 American Funds website at americanfunds.com.
MFGEFPX-004-0513O-S32802
ITEM 2 – Controls and Procedures
The Registrant’s Principal Executive Officer
and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures
(as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate
and reasonably designed to achieve the purposes described in paragraph (c) of such rule.
There were no changes in the Registrant’s
internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred
during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the
Registrant’s internal control over financial reporting.
ITEM 3 – Exhibits
The certifications required by Rule 30a-2 of the
Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
THE INVESTMENT COMPANY OF AMERICA
|
|
|
|
By
/s/ James B. Lovelace
|
|
James B. Lovelace, Vice Chairman and
Principal Executive Officer
|
|
|
|
Date: May 29, 2013
|
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf
of the Registrant and in the capacities and on the dates indicated.
By
/s/ James B. Lovelace
|
James B. Lovelace, Vice Chairman and
Principal Executive Officer
|
|
Date: May 29, 2013
|
By
/s/ Brian D. Bullard
|
Brian D. Bullard, Treasurer and
Principal Financial Officer
|
|
Date: May 29, 2013
|