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IFACX American Funds Income Fund of Amer C

  • Fund
  • IFACX
  • Price as of: Apr 18, 2019
  • $22.08
  • - $0.01
  • - 0.05%
  • Category
  • Diversified Portfolio

IFACX - Profile

Vitals

  • YTD Return 8.4%
  • 3 Yr Annualized Return 6.7%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $108 B
  • Holdings in Top 10 23.9%

52 WEEK LOW AND HIGH

$22.08
$19.70
$23.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 70.00%

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 8.4%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.36%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Funds The Income Fund of America®
  • Fund Family Name American Funds
  • Inception Date Mar 15, 2001
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Daigle

Fund Description

The American Funds Income Fund of America Class C (IFACX) 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. IFACX primarily focuses its attention on large-cap, dividend-paying stocks in the U.S. and abroad. The bond side mostly holds investment-grade debt, however, the fund can invest up to 20% of its assets in bonds rated below investment grade.

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

IFACX - Performance

Return Ranking - Trailing

Period IFACX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.4% -56.5% 25.2% 39.87% 3
1 Yr 3.6% -49.1% 45.9% 37.15% 2
3 Yr 6.7% * -28.1% 16.5% 38.58% 2
5 Yr 5.1% * -10.0% 12.3% 35.46% 2
10 Yr 10.4% * -7.7% 14.7% 25.35% 2

* Annualized


Return Ranking - Calendar

Period IFACX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.8% -34.6% 32.0% 61.40% 4
2017 7.8% -37.7% 390.9% 31.11% 2
2016 7.1% -65.8% 48.7% 10.56% 1
2015 -6.3% -32.5% 36.4% 50.18% 3
2014 4.5% -59.3% 20.8% 15.38% 1

Total Return Ranking - Trailing

Period IFACX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.4% -100.0% 25.2% 39.65% 3
1 Yr 2.6% -51.6% 73.2% 41.17% 3
3 Yr 6.7% * -29.0% 28.2% 33.45% 2
5 Yr 5.1% * -10.4% 12.1% 31.62% 2
10 Yr 10.4% * -7.7% 14.7% 23.16% 2

* Annualized


Total Return Ranking - Calendar

Period IFACX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -11.8% -34.6% 32.0% 61.41% 4
2017 7.8% -36.7% 390.9% 31.65% 2
2016 9.1% -65.6% 50.4% 10.28% 1
2015 -2.4% -29.3% 56.6% 60.76% 4
2014 8.2% -21.5% 52.2% 25.98% 2

NAV & Total Return History

IFACX - Holdings

Filings data as of: Mar 31, 2019

Concentration Analysis

IFACX Category Low Category High IFACX % Rank Quintile
Net Assets 108 B 81.4 K 140 B 0.14% 1
Number of Holdings 1857 1 13341 1.37% 1
Net Assets in Top 10 25.7 B -654 M 33.8 B 0.09% 1
Weighting of Top 10 23.9% 0.0% 3327.1% 26.26% 4

Top 10 Holdings

  1. Merck & Co Inc 2.73%
  2. Microsoft Corp 2.56%
  3. United States Treasury Notes 2.62% 1.84%
  4. Verizon Communications Inc 1.74%
  5. United States Treasury Bills 0.39% 1.79%
  6. United States Treasury Notes 2.62% 1.58%
  7. Pfizer Inc 1.54%
  8. Cap Grp Cent Fd Ser 7.03%
  9. JPMorgan Chase & Co 1.60%
  10. AstraZeneca PLC 1.49%

Asset Allocation

Weighting Category Low Category High IFACX % Rank Quintile
Stocks
66.26% -50.88% 107.25% 8.27% 1
Bonds
26.57% -367.37% 252.78% 24.03% 4
Other
7.04% -802.22% 98.84% 4.12% 1
Preferred Stocks
0.49% -0.04% 65.70% 6.72% 2
Convertible Bonds
0.09% -0.09% 39.88% 8.92% 3
Cash
-0.45% -229.53% 902.22% 29.32% 5

Stock Sector Breakdown

Weighting Category Low Category High IFACX % Rank Quintile
Financial Services
8.63% -8.51% 69.58% 13.40% 3
Healthcare
8.44% -2.72% 31.05% 8.01% 2
Technology
7.76% -9.43% 70.04% 15.65% 3
Consumer Defense
6.89% -3.24% 27.69% 2.90% 1
Industrials
6.17% -2.74% 48.84% 11.65% 2
Energy
5.96% -4.89% 32.58% 4.70% 1
Consumer Cyclical
5.78% -9.87% 54.37% 12.89% 3
Real Estate
5.12% -6.85% 77.34% 5.06% 1
Basic Materials
4.73% -2.54% 21.85% 2.62% 1
Utilities
4.08% -0.60% 47.20% 2.85% 1
Communication Services
2.67% -1.63% 27.16% 5.06% 1

Stock Geographic Breakdown

Weighting Category Low Category High IFACX % Rank Quintile
US
47.62% -97.12% 102.15% 11.02% 2
Non US
18.64% -8.63% 150.26% 9.19% 2

Bond Sector Breakdown

Weighting Category Low Category High IFACX % Rank Quintile
Government
12.75% -218.14% 252.78% 12.90% 2
Corporate
11.07% 0.00% 100.00% 20.45% 4
Securitized
3.03% -0.01% 43.20% 20.31% 4
Municipal
0.13% 0.00% 99.97% 7.32% 2
Derivative
0.00% -196.76% 51.34% 3.80% 3
Cash & Equivalents
-0.28% -229.63% 902.21% 28.32% 5

Bond Geographic Breakdown

Weighting Category Low Category High IFACX % Rank Quintile
US
24.34% -346.74% 207.15% 21.41% 4
Non US
2.23% -84.44% 152.24% 21.09% 4

IFACX - Expenses

Operational Fees

IFACX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.34% 0.00% 165.34% 13.64% 4
Management Fee 0.22% 0.00% 2.55% 4.81% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.06% 5
Administrative Fee 0.05% 0.00% 0.83% 2.97% 2

Sales Fees

IFACX Fees (% of AUM) Category Low Category High IFACX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load 1.00% 0.75% 5.50% 1.46% 2

Trading Fees

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

IFACX Fees (% of AUM) Category Low Category High IFACX Rank Quintile
Turnover 70.00% 0.00% 6067.00% 8.51% 4

IFACX - Distributions

Dividend Yield Analysis

IFACX Category Low Category High IFACX % Rank Quintile
Dividend Yield 0.5% 0.00% 11.69% 20.05% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

IFACX Category Low Category High IFACX % Rank Quintile
Net Income Ratio 2.36% -4.09% 7.77% 7.97% 1

Capital Gain Distribution Analysis

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

IFACX - Managers

David A. Daigle

Manager

Start Date

Oct 01, 2006

Tenure

12.5

Tenure Rank

1.7%

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

27.26

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

27.26

Tenure Rank

0.2%

John H. Smet is a fixed income portfolio manager at Capital Group. He also serves on the Portfolio Oversight Committee. He has 37 years of investment experience and has been with Capital Group for 35 years. 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

19.51

Tenure Rank

0.6%

Andrew B. Suzman is an equity portfolio manager at Capital Group. He also serves on the Portfolio Oversight Committee. He has 25 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

12.5

Tenure Rank

1.7%

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

21.51

Tenure Rank

0.4%

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

6.5

Tenure Rank

4.1%

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

15.51

Tenure Rank

1.0%

Joanna F. Jonsson is an equity portfolio manager at Capital Group. She has 30 years of investment experience and has been with Capital Group for 28 years. 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

1.5

Tenure Rank

7.5%

Shannon Ward, Vice President, has joined in Capital Group since 2017. Previously, she worked as a portfolio manager with Oaktree Capital Management. Prior to Oaktree in 2006, she spent five years as a Vice President for High Yield Investments at AIG Global Investment Group. 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.


Pramod Atluri

Manager

Start Date

Oct 01, 2017

Tenure

1.5

Tenure Rank

7.5%

Pramod Atluri is a fixed income portfolio manager at Capital Group. He has 19 years of investment industry experience and has been with Capital Group for two years. Prior to joining Capital, Pramod was a fixed income portfolio manager at Fidelity Investments where he also worked as a fixed income strategist and corporate bond analyst. Before that he was a management consultant at McKinsey & Company. He holds an MBA from Harvard Business School and a bachelor’s degree in biological chemistry from the University of Chicago where he also completed the requirements for bachelor’s degrees in economics and chemistry. He holds the Chartered Financial Analyst® designation. Pramod is based in Los Angeles.


Tenure Analysis

Category Low

0.0

Category High

38.3

Category Average

5.92

Category Mode

4.3