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AMECX American Funds Income Fund of Amer A

  • Fund
  • AMECX
  • Price as of: Nov 22, 2017
  • $23.43
  • + $0.01
  • + 0.04%
  • Category
  • Diversified Portfolio

AMECX - Profile

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 6.6%
  • 5 Yr Annualized Return 9.4%
  • Net Assets $110 B
  • Holdings in Top 10 20.1%

52 WEEK LOW AND HIGH

$23.43
$21.39
$23.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Funds The Income Fund of America®
  • Fund Family Name American Funds
  • Inception Date Nov 30, 1973
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Daigle

Fund Description

The American Funds Income Fund of America Fund Class A (AMECX) is an actively managed fund that focuses on high income from both dividends and interest. The fund invests in both stocks and bonds in an effort to create a high-yielding portfolio with a moderate amount of risk. AMECX primarily focuses on large-cap, dividend-paying stocks in the U.S. and abroad, while the bond side of the fund holds mostly investment-grade debt. However, the fund can invest up to 20% of its assets in bonds rated below investment grade.

With its low costs, AMECX makes an ideal core choice for investors looking for income from their portfolios. The fund is managed by Capital Research and Management Company.

AMECX - Performance

Return Ranking - Trailing

Period AMECX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.1% -49.2% 451.5% 42.33% 3
1 Yr 13.9% -26.7% 45.9% 25.48% 2
3 Yr 6.6% * -11.7% 12.3% 17.12% 1
5 Yr 9.4% * -11.3% 15.0% 15.68% 1
10 Yr 5.6% * -6.2% 8.6% 17.55% 1

* Annualized


Return Ranking - Calendar

Period AMECX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.1% -65.8% 23.3% 10.20% 1
2015 -6.3% -37.7% 48.7% 45.09% 3
2014 4.5% -59.3% 22.9% 8.79% 1
2013 14.3% -17.5% 36.4% 20.07% 2
2012 7.8% -16.2% 18.4% 48.17% 3

Total Return Ranking - Trailing

Period AMECX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.1% -49.2% 451.5% 42.43% 3
1 Yr 7.4% -28.0% 73.2% 54.11% 3
3 Yr 4.5% * -11.8% 28.2% 44.51% 3
5 Yr 8.1% * -11.7% 15.0% 30.34% 2
10 Yr 5.0% * -6.2% 8.6% 32.41% 2

* Annualized


Total Return Ranking - Calendar

Period AMECX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 9.8% -65.6% 32.0% 7.66% 1
2015 -1.6% -29.3% 50.4% 40.14% 3
2014 9.4% -54.8% 25.4% 14.04% 1
2013 21.5% -16.7% 57.2% 28.47% 2
2012 15.1% -16.2% 74.5% 37.74% 2

NAV & Total Return History

AMECX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

AMECX Category Low Category High AMECX % Rank Quintile
Net Assets 110 B 81.4 K 118 B 0.09% 1
Number of Holdings 1791 1 12799 1.83% 1
Net Assets in Top 10 20.8 B -654 M 23.3 B 0.14% 1
Weighting of Top 10 20.1% 0.2% 455.9% 30.42% 5

Top 10 Holdings

  1. Merck & Co Inc 1.91%
  2. Microsoft Corp 3.51%
  3. General Electric Co 1.57%
  4. Lockheed Martin Corp 2.14%
  5. Intel Corp 2.09%
  6. McDonald's Corp 1.97%
  7. JPMorgan Chase & Co 1.61%
  8. Wells Fargo & Co 1.73%
  9. Enbridge Inc 1.55%
  10. DowDuPont Inc 1.96%

Asset Allocation

Weighting Category Low Category High AMECX % Rank Quintile
Stocks
72.31% -2.59% 141.14% 6.49% 1
Bonds
22.28% -109.09% 135.52% 27.23% 4
Other
2.59% -6.04% 98.99% 10.93% 2
Cash
1.38% -183.58% 110.98% 28.04% 5
Preferred Stocks
1.31% -0.07% 112.85% 6.77% 1
Convertible Bonds
0.14% 0.00% 33.12% 7.87% 2

Stock Sector Breakdown

Weighting Category Low Category High AMECX % Rank Quintile
Industrials
11.96% -3.12% 48.84% 1.48% 1
Financial Services
9.07% -8.51% 69.58% 14.41% 3
Consumer Defense
8.87% -2.25% 27.69% 1.15% 1
Technology
8.68% -6.57% 70.04% 14.13% 3
Consumer Cyclical
6.51% -10.84% 54.37% 12.06% 3
Energy
6.32% -4.89% 35.99% 4.06% 1
Healthcare
5.46% -8.22% 31.05% 16.40% 3
Basic Materials
4.61% -2.54% 21.85% 3.33% 1
Communication Services
4.35% -1.63% 27.16% 1.71% 1
Real Estate
3.30% -4.60% 82.50% 9.28% 2
Utilities
2.83% -2.48% 47.20% 4.94% 1

Stock Geographic Breakdown

Weighting Category Low Category High AMECX % Rank Quintile
US
51.16% -97.12% 138.58% 9.97% 2
Non US
21.15% -11.38% 150.81% 8.78% 2

Bond Sector Breakdown

Weighting Category Low Category High AMECX % Rank Quintile
Corporate
13.42% 0.00% 203.65% 20.36% 3
Government
7.94% -339.71% 117.18% 18.80% 3
Securitized
2.32% -0.01% 64.33% 22.96% 4
Cash & Equivalents
1.38% -183.58% 122.40% 27.40% 5
Municipal
0.04% 0.00% 207.05% 7.87% 3
Derivative
0.00% -84.53% 26.76% 3.39% 4

Bond Geographic Breakdown

Weighting Category Low Category High AMECX % Rank Quintile
US
20.04% -422.59% 103.74% 25.02% 4
Non US
2.24% -57.44% 364.72% 23.83% 4

AMECX - Expenses

Operational Fees

AMECX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.56% 0.00% 165.34% 16.67% 1
Management Fee 0.22% 0.00% 2.55% 4.62% 2
12b-1 Fee 0.25% 0.00% 1.00% 1.33% 3
Administrative Fee 0.01% 0.00% 0.83% 3.83% 1

Sales Fees

AMECX Fees (% of AUM) Category Low Category High AMECX Rank Quintile
Front Load 5.75% 0.14% 5.75% 0.23% 5
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

AMECX Fees (% of AUM) Category Low Category High AMECX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AMECX Fees (% of AUM) Category Low Category High AMECX Rank Quintile
Turnover 42.00% 0.00% 5910.00% 10.73% 3

AMECX - Distributions

Dividend Yield Analysis

AMECX Category Low Category High AMECX % Rank Quintile
Dividend Yield 0.7% 0.00% 11.33% 3.73% 1

Dividend Distribution Analysis

AMECX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AMECX Category Low Category High AMECX % Rank Quintile
Net Income Ratio 3.37% -3.27% 12.91% 4.81% 1

Capital Gain Distribution Analysis

AMECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AMECX - Managers

David A. Daigle

Manager

Start Date

Oct 01, 2006

Tenure

11.09

Tenure Rank

2.1%

David A. Daigle is a fixed-income portfolio manager at Capital Group. As a fixed-income investment analyst, he covers wireless communications and building products companies. Earlier in his career at Capital, David covered multiple industries including health care, technology and directories. He holds an MBA from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from the University of Vermont. David is based in New York.


Dina N. Perry

Manager

Start Date

Jan 01, 1992

Tenure

25.85

Tenure Rank

0.2%

Dina Perry is a senior vice president of Capital Research and Management Company serving as a portfolio manager for several mutual funds. Prior to joining Capital Research in 1991, she was a senior portfolio manager with Neuberger & Berman, where she managed equity portfolios for pension funds and individuals. Before that, she was a vice president, portfolio manager, and chief economist at Chase Investors Management Corporation. Ms. Perry received both a BA and MA in economics from Queens College in New York City. She is based in Washington, D.C.


John H. Smet

Manager

Start Date

Jan 01, 1992

Tenure

25.85

Tenure Rank

0.2%

John H. Smet is a fixed-income portfolio manager at Capital Group. He has 34 years of investment experience and 32 years at Capital. Earlier in his career, as a fixed-income investment analyst at Capital, John covered mortgage-backed securities and railroads. He holds an MBA in finance and a bachelor’s degree in economics from the University of Wisconsin-Madison. He also holds the Chartered Financial Analyst® designation and is a member of the Los Angeles Society of Financial Analysts. John is based in Los Angeles.


Andrew B. Suzman

Manager

Start Date

Oct 01, 1999

Tenure

18.1

Tenure Rank

0.8%

Andrew B. Suzman is an equity portfolio manager at Capital Group. He has 23 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Andrew covered global real-estate companies, U.S. merchandising, and Australian industrials and banks. He holds an MBA from Harvard Business School and a bachelor’s degree in political economy from Tulane University. Andrew is based in New York.


James R. Mulally

Manager

Start Date

Oct 01, 2006

Tenure

11.09

Tenure Rank

2.1%

James R. Mulally is a senior vice president of Capital Research and Management Company as well as Capital International Limited with global fixed-income portfolio management responsibilities. He joined the organization in 1980, and from 1983 through 1988 was based in London. Prior to coming to Capital, Mr. Mulally was a research associate with the Federal Reserve Bank of Minneapolis. He received his undergraduate degree from Dartmouth College (Phi Beta Kappa) and an MBA from Columbia University Graduate School of Business. He is based in Los Angeles.


Hilda L. Applbaum

Manager

Start Date

Oct 01, 1997

Tenure

20.1

Tenure Rank

0.5%

Ms. Applbaum is a portfolio manager and senior vice president of the Capital Research and Management Company. Ms. Applbaum formerly served the California Public Employee Retirement Service.


Paul Flynn

Manager

Start Date

Oct 01, 2012

Tenure

5.08

Tenure Rank

4.9%

Paul Flynn Investment professional for 15 years in total; 13 years with Capital Research and Management Company or affiliate,Senior Vice President of Capital Research and Management Company


Jody F. Jonsson

Manager

Start Date

Oct 01, 2003

Tenure

14.09

Tenure Rank

1.3%

Joanna F. Jonsson is an equity portfolio manager. She has 27 years of investment experience with 25 years at Capital. As an equity analyst at Capital, her coverage included insurance, U.S. household & personal care, restaurants & lodging and cruise lines companies. Jody holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in economics from Princeton University graduating cum laude. She holds the Chartered Financial Analyst® designation and is a member of the CFA Institute. Jody is based in Los Angeles.


Shannon Ward

Manager

Start Date

Oct 01, 2017

Tenure

0.08

Tenure Rank

8.7%

Ms. Ward serves as portfolio manager of Oaktree’s European High Yield Bond and European Senior Loan strategies, and co-portfolio manager of the Global High Yield Bond strategy. She has over 21 years of corporate finance and investing experience. Ms. Ward joined Oaktree in 2006 from AIG Global Investment Group, where she spent five years as a Vice President for High Yield Investments. Before that, she spent over five years at Banc of America Securities, most recently as a Managing Director in the Entertainment/Media Group, and after her M.B.A., joined Union Bank of California as an Assistant Vice President in the Communications and Media Group. Ms. Ward received a B.A. degree in Psychology from the University of California, Santa Barbara and an M.B.A. with a concentration in Finance from the University of Southern California.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.63

Category Mode

0.7