AMECX: American Funds Income Fund of Amer A

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AMECX - Profile

Vitals

  • YTD Return 10.3%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $111 B
  • Holdings in Top 10 17.8%

52 WEEK LOW AND HIGH

$22.75
$19.96
$22.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.56%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 10.3%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 5.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.23%
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 Dina N. Perry

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 - Fund Company Quick Screens

AMECX - Performance

Return Ranking - Trailing

Period AMECX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -8.7% 19.4% 51.26%
1 Yr 0.1% -24.0% 10.1% 70.97%
3 Yr 2.4%* -10.2% 10.2% 52.03%
5 Yr 2.0%* -8.7% 7.7% 36.81%
10 Yr 4.2%* -2.9% 9.4% 34.82%

* Annualized


Return Ranking - Calendar

Period AMECX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -32.7% 0.0% 64.78%
2017 7.8% -3.7% 19.3% 56.39%
2016 7.1% -9.5% 13.7% 6.14%
2015 -6.3% -19.1% 1.0% 43.91%
2014 4.5% -21.3% 8.3% 10.88%

Total Return Ranking - Trailing

Period AMECX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.3% -8.7% 19.4% 51.26%
1 Yr 0.1% -24.0% 9.9% 81.11%
3 Yr 5.1%* -10.2% 10.2% 39.57%
5 Yr 5.5%* -8.7% 8.0% 15.95%
10 Yr 8.0%* -2.9% 9.4% 8.93%

* Annualized


Total Return Ranking - Calendar

Period AMECX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.8% -32.7% 0.0% 73.40%
2017 13.4% -3.7% 22.1% 40.56%
2016 10.6% -9.5% 20.7% 3.80%
2015 -1.4% -15.9% 6.2% 28.85%
2014 8.4% -21.3% 10.1% 4.08%

NAV & Total Return History

AMECX - Holdings

Concentration Analysis

AMECX Category Low Category High AMECX % Rank
Net Assets 111 B 1.73 M 111 B 0.90%
Number of Holdings 1928 52 3759 20.09%
Net Assets in Top 10 19.6 B -15.8 M 19.6 B 0.90%
Weighting of Top 10 17.83% 5.3% 224.0% 58.01%

Top 10 Holdings

  1. Merck & Co Inc 2.36%

  2. Microsoft Corp 2.35%

  3. JPMorgan Chase & Co 1.87%

  4. United States Treasury Notes 2.62% 1.81%

  5. CME Group Inc Class A 1.72%

  6. Pfizer Inc 1.65%

  7. United States Treasury Notes 2.62% 1.56%

  8. Verizon Communications Inc 1.54%

  9. AstraZeneca PLC 1.50%

  10. Lockheed Martin Corp 1.49%


Asset Allocation

Weighting Return Low Return High AMECX % Rank
Stocks
64.36% 20.81% 78.86% 20.09%
Bonds
24.51% 20.05% 64.02% 86.46%
Cash
10.40% -10.06% 50.88% 24.38%
Preferred Stocks
0.49% 0.00% 18.53% 27.31%
Convertible Bonds
0.23% 0.00% 5.94% 52.37%
Other
0.00% -8.20% 48.30% 67.49%

Stock Sector Breakdown

Weighting Return Low Return High AMECX % Rank
Financial Services
9.95% 0.00% 16.11% 26.71%
Healthcare
8.34% 0.00% 13.92% 25.80%
Technology
7.70% 0.00% 22.00% 54.57%
Consumer Defense
7.03% 0.00% 13.50% 18.72%
Real Estate
5.64% -0.16% 60.06% 18.49%
Industrials
5.51% 0.02% 12.82% 45.21%
Consumer Cyclical
5.31% 0.00% 27.50% 45.21%
Energy
4.39% -0.52% 12.30% 25.34%
Utilities
4.09% 0.00% 12.72% 8.90%
Basic Materials
3.81% 0.00% 7.38% 9.36%
Communication Services
2.54% 0.00% 9.51% 28.77%

Stock Geographic Breakdown

Weighting Return Low Return High AMECX % Rank
US
46.08% -0.12% 62.07% 7.90%
Non US
18.28% 0.17% 60.41% 66.37%

Bond Sector Breakdown

Weighting Return Low Return High AMECX % Rank
Corporate
11.38% -0.53% 49.57% 60.95%
Cash & Equivalents
10.43% -24.17% 51.73% 24.15%
Government
10.33% -28.14% 43.92% 61.85%
Securitized
3.36% 0.00% 55.61% 58.69%
Municipal
0.14% 0.00% 8.28% 23.25%
Derivative
0.00% -8.96% 28.96% 32.28%

Bond Geographic Breakdown

Weighting Return Low Return High AMECX % Rank
US
22.26% -7.69% 53.76% 61.85%
Non US
2.25% -14.45% 40.88% 82.17%

AMECX - Expenses

Operational Fees

AMECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.56% 0.07% 26.19% 89.18%
Management Fee 0.22% 0.00% 2.05% 12.58%
12b-1 Fee 0.25% 0.00% 1.00% 26.15%
Administrative Fee 0.05% 0.01% 0.30% 17.21%

Sales Fees

AMECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.20% 5.75% 7.06%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AMECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 67.00% 14.00% 586.00% 55.45%

AMECX - Distributions

Dividend Yield Analysis

AMECX Category Low Category High AMECX % Rank
Dividend Yield 0.73% 0.00% 4.90% 49.44%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AMECX Category Low Category High AMECX % Rank
Net Income Ratio 3.23% -0.82% 5.19% 11.76%

Capital Gain Distribution Analysis

AMECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

AMECX - Managers

Dina N. Perry

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1992

27.76

27.8%

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.


Hilda L. Applbaum

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 1997

22.01

22.0%

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.


Andrew B. Suzman

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 1999

20.01

20.0%

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.


David A. Daigle

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2006

13.01

13.0%

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.


James R. Mulally

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2006

13.01

13.0%

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.


Paul Flynn

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2012

7.0

7.0%

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


Anirudh A. Samsi

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2015

4.25

4.3%

Anirudh Samsi is a portfolio manager at Capital Group. As an equity investment analyst, he covers U.S. money centers and investment banks. Earlier in his career at Capital, he covered the U.S. insurance and IT services industries, as well as asset managers. Prior to joining Capital, Anirudh was an investment analyst for Franklin Templeton Investments. He holds an MBA from the Indian Institute of Management and a bachelor’s degree in commerce from the University of Mumbai. He also holds the Chartered Accountant® and Chartered Financial Analyst® designations. Anirudh is based in San Francisco.


Shannon Ward

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2017

2.0

2.0%

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

Tenure

Tenure Rank

Oct 01, 2017

2.0

2.0%

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

0.05

Category High

27.76

Category Average

6.38

Category Mode

6.75