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American Funds Income Fund of Amer A AMECX

Analyst rating as of
NAV / 1-Day Return
21.70  /  0.56 %
Total Assets
106.7 Bil
Adj. Expense Ratio
0.580%
Expense Ratio
0.580%
Fee Level
Low
Longest Manager Tenure
28.73 years
Category
US Fund Allocation--70% to 85% Equity
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Status
Open
TTM Yield
3.25%
Turnover
67%
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Morningstar’s Analysis

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American Funds Income Fund of America Adding 3 Managers, but That Doesn't Change Its Appeal

Senior Analyst

Analyst Note

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On June 1, three equity portfolio managers were added to American Funds Income Fund of America. None of the other equity managers are leaving, so that brings the total number of for this allocation fund to eight. (There are also four fixed income managers.) Eight equity managers isn't a lot by American Funds' standards--three of the firm's equity funds have more than ten. As always with American, each manager will independently run a portion of the fund. The three new managers will start with a combined 8% of the fund's assets, but that figure is expected to grow over time. These changes do not impact the fund's Above Average People rating.

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