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CIMAX American Funds Income Fund of Amer 529A

  • Fund
  • CIMAX
  • Price as of: Dec 01, 2016
  • $21.35
  • - $0.08
  • - 0.37%
  • Category
  • Diversified Portfolio

CIMAX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 9.0%
  • Net Assets $99.4 B
  • Holdings in Top 10 20.8%

52 WEEK LOW AND HIGH

$21.35
$18.88
$21.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 52.00%

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 8.3%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.11%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Funds The Income Fund of America®
  • Fund Family Name American Funds
  • Inception Date Feb 15, 2002
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Daigle

Fund Description

Normally the fund invests primarily in income-producing securities. These include equity securities, such as dividend-paying common stocks, and debt securities, such as interest-paying bonds. Generally at least 60% of the fund's assets will be invested in common stocks and other equity-type securities. The fund may also invest up to 25% of its assets in equity securities of issuers domiciled outside the United States, including issuers in developing countries.

CIMAX - Performance

Return Ranking - Trailing

Period CIMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.7% -66.0% 21.5% 15.48% 1
1 Yr 5.9% -35.0% 45.9% 9.93% 1
3 Yr 5.4% * -13.6% 11.8% 9.86% 1
5 Yr 9.0% * -11.6% 13.2% 9.15% 1
10 Yr 5.5% * -5.0% 8.2% 18.52% 1

* Annualized


Return Ranking - Calendar

Period CIMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.3% -37.7% 48.7% 43.36% 3
2014 4.5% -59.3% 14.8% 7.97% 1
2013 14.3% -17.5% 36.4% 20.10% 2
2012 7.7% -16.2% 18.4% 48.83% 3
2011 1.3% -30.5% 7.4% 7.95% 1

Total Return Ranking - Trailing

Period CIMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.3% -65.8% 30.1% 10.63% 1
1 Yr -0.2% -38.3% 73.2% 62.70% 4
3 Yr 3.4% * -14.6% 28.2% 39.54% 3
5 Yr 7.7% * -11.9% 13.2% 22.88% 2
10 Yr 4.9% * -5.0% 8.2% 32.99% 2

* Annualized


Total Return Ranking - Calendar

Period CIMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -29.3% 50.4% 39.99% 3
2014 9.3% -54.8% 25.4% 14.06% 1
2013 21.3% -16.7% 57.2% 28.64% 2
2012 14.8% -16.2% 74.5% 39.58% 2
2011 7.3% -25.3% 15.8% 4.32% 1

NAV & Total Return History

CIMAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

CIMAX Category Low Category High CIMAX % Rank Quintile
Net Assets 99.4 B 81.4 K 99.4 B 0.05% 1
Number of Holdings 1804 1 12494 1.56% 1
Net Assets in Top 10 20.2 B -654 M 20.2 B 0.05% 1
Weighting of Top 10 20.8% 0.2% 272.7% 25.17% 5

Top 10 Holdings

  1. Merck & Co Inc 2.92%
  2. Microsoft Corp 3.04%
  3. General Electric Co 2.12%
  4. Verizon Communications Inc 1.83%
  5. Lockheed Martin Corp 2.00%
  6. Intel Corp 2.23%
  7. McDonald's Corp 1.83%
  8. Procter & Gamble Co 1.70%
  9. Pfizer Inc 1.50%
  10. JPMorgan Chase & Co 1.60%

Asset Allocation

Weighting Category Low Category High CIMAX % Rank Quintile
Stocks
68.52% -49.32% 147.79% 6.49% 1
Bonds
26.06% -41.48% 107.98% 20.97% 4
Other
2.56% -18.85% 98.84% 9.15% 2
Cash
1.60% -55.49% 139.25% 24.35% 5
Preferred Stocks
1.25% -1.01% 35.22% 4.85% 1
Convertible Bonds
0.02% 0.00% 33.12% 7.14% 3

Stock Sector Breakdown

Weighting Category Low Category High CIMAX % Rank Quintile
Industrials
10.55% -4.92% 48.84% 2.18% 1
Technology
9.44% -8.03% 70.04% 9.10% 2
Consumer Defense
8.93% -4.74% 27.69% 1.76% 1
Healthcare
7.97% -1.46% 29.90% 8.22% 2
Financial Services
5.98% -5.07% 69.58% 15.74% 3
Energy
5.39% -2.68% 33.46% 5.06% 1
Consumer Cyclical
5.10% -6.02% 54.37% 14.02% 3
Communication Services
4.81% -2.53% 27.16% 1.25% 1
Utilities
3.44% -7.18% 47.20% 2.92% 1
Basic Materials
3.40% -2.13% 21.85% 5.25% 1
Real Estate
2.94% -8.01% 48.98% 9.01% 2

Stock Geographic Breakdown

Weighting Category Low Category High CIMAX % Rank Quintile
US
52.25% -97.12% 142.85% 8.38% 2
Non US
16.27% -2.98% 150.26% 9.02% 2

Bond Sector Breakdown

Weighting Category Low Category High CIMAX % Rank Quintile
Corporate
15.55% -20.43% 93.55% 14.19% 3
Government
8.60% -91.64% 76.37% 14.51% 3
Securitized
2.53% -0.01% 40.54% 17.99% 4
Cash & Equivalents
2.20% -54.77% 138.37% 22.52% 4
Municipal
0.04% 0.00% 91.28% 7.41% 3
Derivative
0.00% -84.53% 36.75% 2.84% 4

Bond Geographic Breakdown

Weighting Category Low Category High CIMAX % Rank Quintile
US
22.54% -154.38% 94.16% 19.22% 4
Non US
3.52% -57.44% 198.64% 16.89% 4

CIMAX - Expenses

Operational Fees

CIMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.66% 0.00% 165.34% 16.03% 2
Management Fee 0.22% 0.00% 2.55% 4.68% 2
12b-1 Fee 0.23% 0.00% 1.00% 1.08% 1
Administrative Fee 0.05% 0.00% 0.83% 2.68% 2

Sales Fees

CIMAX Fees (% of AUM) Category Low Category High CIMAX 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

CIMAX Fees (% of AUM) Category Low Category High CIMAX 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.

CIMAX Fees (% of AUM) Category Low Category High CIMAX Rank Quintile
Turnover 52.00% 0.00% 5609.00% 10.29% 3

CIMAX - Distributions

Dividend Yield Analysis

CIMAX Category Low Category High CIMAX % Rank Quintile
Dividend Yield 0.6% 0.00% 11.33% 3.90% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CIMAX Category Low Category High CIMAX % Rank Quintile
Net Income Ratio 3.11% -2.96% 9.94% 5.77% 1

Capital Gain Distribution Analysis

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

CIMAX - Managers

David A. Daigle

Manager

Start Date

Oct 01, 2006

Tenure

10.09

Tenure Rank

1.8%

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

24.85

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.


Joanna F. Jonsson

Manager

Start Date

Oct 01, 2003

Tenure

13.09

Tenure Rank

1.1%

Ms. Jonsson is a portfolio manager and an investment analyst. Her research responsibilities include the insurance and cruise line industries. From 1998 to 2002, she was a research director with responsibility for hiring, training and overseeing other analysts. Ms. Jonsson is a Senior Vice President of Capital Research Company, an officer of two mutual funds managed by Capital Research and Management Company, a member of the management committee of CIF and the Capital Group Companies board.


John H. Smet

Manager

Start Date

Jan 01, 1992

Tenure

24.85

Tenure Rank

0.2%

Smet is a senior vice president with Capital Research & Management Company, his employer since 1983.


David C. Barclay

Manager

Start Date

Oct 01, 1996

Tenure

20.1

Tenure Rank

0.4%

David C. Barclay is a fixed-income portfolio manager at Capital Group. He has been with the investment industry since 1981 and has been with Capital Group since 1988. Earlier in his career, as a fixed-income investment analyst at Capital, he was a high-yield bond generalist. Prior to joining Capital, David was part of the Special Ventures Group at E.F. Hutton and Company and had been an assistant vice president at The Bank of New York. He holds an MBA from Harvard Business School and a bachelor’s degree in economics from Brown University. David is based in Los Angeles.


Andrew B. Suzman

Manager

Start Date

Oct 01, 1999

Tenure

17.1

Tenure Rank

0.6%

Suzman is a co-research director and an equity investment analyst with portfolio manager responsibilities for Capital World Investors, covering real estate companies in the U.S. and industrial companies in Australia. Furthermore, Suzman is a director and executive vice president of Capital Research Company, a director of Capital International Research, Inc., a vice president of Capital World Growth and Income Fund. He is also a senior vice president of and a portfolio manager for The Income Fund of America.


James R. Mulally

Manager

Start Date

Oct 01, 2006

Tenure

10.09

Tenure Rank

1.8%

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

19.1

Tenure Rank

0.5%

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


Paul Flynn

Manager

Start Date

Oct 01, 2012

Tenure

4.08

Tenure Rank

4.4%

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


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.42

Category Mode

4.8