The Income Fund of America - A | American Funds

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1, 2 OR 754

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

EQUITY-INCOME FUNDS

®

Share Class
Notice: Effective October 1, 2020, the fund’s primary benchmark is 65%/35% S&P 500 Index/Bloomberg Barclays U.S. Aggregate Index.

Summary

Internal Prompt
A durable multi-asset approach to income. The focus on dividend-paying stocks and fixed income has led to notably lower volatility and better downside resilience versus the S&P 500. This flexible equity-income strategy uses a mix of stocks and bonds, including high-yield debt.
Price at NAV $24.40 as of 5/24/2022 (updated daily)
Fund Assets (millions) $124,057.1
Portfolio Managers
12
Expense Ratio
0.56%

Internal Prompt

Returns at NAV

Returns with Sales Charge

Read important investment disclosures
-3.15%
1-year return
6.38%
5-year return
7.68%
10-year return
2.65%
30-Day SEC Yield
Returns as of 4/30/22 (updated monthly). Yield as of 4/30/22 (updated monthly).

Asset Mix

U.S. Equities50.7%
Non-U.S. Equities18.9%
U.S. Bonds17.8%
Non-U.S. Bonds3.6%
Cash & Equivalents
9.0%
U.S. Equities50.7%
Non-U.S. Equities18.9%
U.S. Bonds17.8%
Non-U.S. Bonds3.6%
Cash & Equivalents
9.0%
As of 4/30/2022 (updated monthly)

Growth of 10K

Read important investment disclosures
For Class A Shares, this chart tracks a hypothetical investment with dividends reinvested through 12/31/2021.
AMECX
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index

High & Low Prices

Market Capitalization

78.9%
Large
19.4%
Medium
1.6%
Small
$82,125.27 Million
Weighted Average


As of 3/31/2022 (updated quarterly). Morningstar data as of 3/31/2022 (updated quarterly).

Morningstar Ownership ZoneTM

Allocation--70% to 85% Equity
Weighted average of holdings
75% of fund's stock holdings
Morningstar data as of 3/31/22 (updated quarterly)

Fund Statistics

5.4 years
Effective Duration
4.2%
Average Yield
to Worst
4.1%
Average Coupon
% of net assets as of 3/31/2022 (updated quarterly)

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
Morningstar data as } of 3/31/22 (updated quarterly)

Description

Fund Objective
The fund's investment objectives are to provide you with current income while secondarily striving for capital growth.
Distinguishing Characteristics
This income strategy focuses on dividend-paying stocks and fixed income, which has historically led to lower volatility and better downside resilience versus the S&P 500. The strategy uses a mix of stocks and bonds, including high-yield debt, and may invest in equities outside of the U.S.
Types of Investments
Invests primarily in common or preferred stocks, convertible securities, bonds, U.S. and other government securities, cash and cash equivalents.
Holdings Outside the U.S.
The fund may invest up to 30% of assets in equities of companies outside the U.S. and up to 10% of assets in fixed-income securities outside the U.S. that are denominated in U.S. dollars.
Portfolio Restrictions
The fund may invest only 20% of its assets in securities rated below investment grade (BB/Ba and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Fund Inception 12/01/1973
Fund Assets (millions)
As of 4/30/2022
$124,057.1
Companies/Issuers
Holdings are as of 3/31/2022 (updated quarterly).
951+
Shareholder Accounts
Shareholder accounts are as of 4/30/2022
2,003,884
Regular Dividends Paid
Mar, Jun, Sep, Dec
Minimum Initial Investment $250
Capital Gains Paid
Dec
Portfolio Turnover (2021) 133%
Fiscal Year-End Jul
Prospectus Date 10/01/2021
CUSIP 453320 10 3
Fund Number 6

Returns

Internal Prompt

Month-End Returns as of 4/30/22

Quarter-End Returns as of 3/31/22

Internal Prompt

Volatility & Return

Read important investment disclosures
For Class A Shares, this chart tracks the 10-year standard deviation
and 10-year annualized return of the equity funds
AMECX
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index
Other AF Funds
Standard Deviation as of 04/30/2022 (updated monthly) . Annualized return as of 04/30/2022 (updated monthly) .
VIEW LARGER CHART
Internal Prompt

Yield

12-month
Distribution Rates
30-day SEC Yield
Fund at NAV 2.91% N/A
Fund at MOP 2.75% 2.65%
As of 4/30/2022 (updated monthly)

Valuation

Price/ Price/ Price/
Book Cash Flow Earnings
Fund 2.48 8.66 13.81
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index
3.80 13.10 20.00
Fund as of 3/31/22. Index as of 3/31/22.

Portfolio Management

Years of Experience with Fund
Years of Experience with Capital Group
Years of Experience with Investment Industry
Hilda L. Applbaum 24 27 35
Pramod Atluri 4 6 23
David A. Daigle 15 27
Paul Flynn 9 24 26
Joyce E. Gordon 1 41
Dina N. Perry 29 30 44
John R. Queen 1 19 32
Caroline Randall 1 16 24
Anirudh Samsi 6 16 25
Andrew B. Suzman 22 28
Bradley J. Vogt 1 34
Shannon Ward 4 5 29
A boldface number indicates that years of experience with Capital Group is equal to years of experience with investment industry.

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(303)
3-yr. Morningstar RatingTM
(303 funds rated)
5-yr. Morningstar RatingTM
(281 funds rated)
10-yr. Morningstar RatingTM
(205 funds rated)
Overall Morningstar Risk Low
HIGH
LOW
Category Allocation--70% to 85% Equity
Ratings are based on risk-adjusted returns as of 4/30/2022 (updated monthly).

Risk Measures

Fund
Standard Deviation
8.94
Sharpe Ratio
0.87
For the 10 Years ending 4/30/22 (updated monthly).
American Funds
Benchmark
Morningstar
Benchmark
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index
Morningstar Mod Tgt Risk TR USD
R-squared 88 91
Beta 0.95 1.02
Capture Ratio (Downside/Upside) 101/92 100/110
American Funds Benchmark for the 10 Years ending 3/31/22 (updated quarterly).
Morningstar Benchmark for the 10 Years ending 4/30/22 (updated monthly).
U.S. Treasuries/Agencies
13.6%
AAA/Aaa
10.0%
AA/Aa
2.7%
A
8.8%
BBB/Baa
20.7%
BB/Ba
28.2%
B
11.0%
CCC & Below
4.0%
Unrated
1.0%
% of net assets as of 3/31/2022 (updated quarterly)

Average Life Breakdown

0-4.9 Years
9.3%
5-9.9 Years
9.3%
10-19.9 Years
1.1%
20-29.9 Years
1.6%
30+ Years
0.1%
% of net assets as of 3/31/2022 (updated quarterly)

Holdings

Equities Breakdown

Equity Fund Holdings
Financials 12.9%
Consumer staples 10.2%
Health care 8.3%
Information technology 7.3%
Energy 6.0%
Real estate 5.9%
Industrials 5.8%
Utilities 5.6%
Consumer discretionary 3.7%
Materials 3.2%
Communication services 2.8%

% of net assets as of 3/31/2022 (updated quarterly)

Bonds Breakdown

Top Equities

Philip Morris International
2.5%
Pfizer
2.4%
Broadcom
2.0%
Lockheed Martin
1.7%
CME Group
1.7%
Microsoft
1.6%
Crown Castle International
1.3%
Altria
1.3%
General Mills
1.3%
AstraZeneca
1.3%

% of net assets as of 4/30/2022 (updated monthly)

Geographic Breakdown

United States
69.7%
Europe
12.7%
Asia & Pacific Basin
3.7%
Other (Including Canada & Latin America)
7.0%
Cash & equivalents
6.9%
% of net assets as of 3/31/2022 (updated quarterly)

The New Geography of Investing ®

Regions Fund
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 72.6% 100.0%
Canada 6.9% 0.0%
Europe 14.5% 0.0%
Japan 0.3% 0.0%
Asia-Pacific ex. Japan 1.1% 0.0%
Emerging Markets 4.5% 0.0%

% of net assets as of 3/31/2022 (updated quarterly)

Fund Breakdown by Domicile

Regions Fund
65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index
United States 52.1% 100.0%
Canada 4.9% 0.0%
Europe 10.4% 0.0%
Japan 0.2% 0.0%
Asia-Pacific ex. Japan 0.8% 0.0%
Emerging Markets 3.3% 0.0%
Cash & Equivalents
6.9% --
Fixed Income 21.4% --

% of net assets as of 3/31/2022 (updated quarterly)

Prices & Distributions

Internal Prompt

Historical Prices Month-End

Historical Prices Year-End

Internal Prompt

Historical Distributions as of 05/24/22

2022
Record
Date
Calculated
Date
Pay Date
Income Dividend Regular
Income Dividend Special
Cap. Gains Long-Term
Cap. Gains Short-Term
Reinvest NAV
03/14/22 03/14/22 03/15/22 $0.165 $0.00 $0.00 $0.00 $24.40
2022 Year-to-Date: Dividends Subtotal: $0.165 Cap Gains Subtotal: $0.00
Total Distributions: $0.165

Fees & Expenses

Internal Prompt

Fees

Annual Management Fees 0.21%
Other Expenses 0.10%
Service 12b-1 0.25%
As of each fund's most recent prospectus.
Internal Prompt

Expense Ratio

AMECX 0.56%
Lipper Income (Mixed Equity) Funds Average
0.96%
Fund as of most recent prospectus. Lipper Category as of 3/31/22 (updated quarterly).