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American Funds Income Fund of Amer R1 RIDAX

Analyst rating as of
NAV / 1-Day Return
23.18  /  1.67 %
Total Assets
118.6 Bil
Adj. Expense Ratio
1.350%
Expense Ratio
1.350%
Fee Level
Average
Longest Manager Tenure
30.49 years
Category
Allocation--70% to 85% Equity
Investment Style
Large Value
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
2.09%
Turnover
133%

Morningstar’s Analysis

Will RIDAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The Loss Of A Veteran Manager Doesn't Alter Our Opinion of American Funds Income Fund of America

Senior Analyst

Analyst Note

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On Feb. 1, 2022, American Funds announced that Joyce Gordon, an equity portfolio manager on American Funds Income Fund of America since July 2020, will retire on July 1, 2022 after 41 years with Capital Group. Brief manager tenures are unusual at American Funds, but Gordon was added to the fund at the same time as two other equity managers from the same investment unit of Capital, and her share of the fund’s assets since joining had not exceeded 4% of assets as of September 2021.

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