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.
American Funds Income Fund of Amer A AMECX
NAV / 1-Day Return
24.01
/
0.62
%
Total Assets
117.8 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.570%
Expense Ratio
0.570%
Fee Level
Low
Longest Manager Tenure
29.04
years
Category
Allocation--70% to 85% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / ModerateStatus
Open
TTM Yield
3.19%
Turnover
117%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AMECX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMECX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AMECX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AMECX’s parent organization’s priorities and whether they’re in line with investors’ interests.
American Funds Income Fund of America Adding 3 Managers, but That Doesn't Change Its Appeal
