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American Funds Income Fund of Amer F2 AMEFX

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

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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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