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Morningstar

American Funds Income Fund of Amer R6 RIDGX

Morningstar Medalist Rating
Medalist Rating as of | See American Funds Investment Hub
  • NAV / 1-Day Return 22.31  /  0.27 %
  • Total Assets 115.9 Bil
  • Adj. Expense Ratio
    0.250%
  • Expense Ratio 0.260%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Large
  • Category Moderately Aggressive Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Status Open
  • TTM Yield 3.53%
  • Turnover 40%

USD | NAV as of May 30, 2023 | 1-Day Return as of May 30, 2023, 10:29 PM GMT+0

Morningstar’s Analysis RIDGX

Will RIDGX 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 RIDGX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the RIDGX 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 RIDGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite manager changes, a proven team remains in place.

Senior Analyst Greg Carlson

Greg Carlson

Senior Analyst

Summary

While American Funds Income Fund of America has seen a number of manager changes in recent years, the current lineup is experienced with either this or a similar mandate. And the team’s ability to balance income and capital appreciation continues to support a Morningstar Analyst Rating of Silver for the 12 cheapest share classes and Bronze for the seven priciest.

by Greg Carlson
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings RIDGX

More RIDGX Holdings
  • Current Portfolio Date Mar 31, 2023
  • Equity Holdings 219
  • Bond Holdings 2042
  • Other Holdings 32
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Capital Group Central Cash Fund

7.75
9,166,218,685
Cash and Equivalents

Philip Morris International Inc

2.93
3,464,629,084
Consumer Defensive

Gilead Sciences Inc

2.37
2,799,020,662
Healthcare

Broadcom Inc

1.83
2,162,920,033
Technology

Pfizer Inc

1.82
2,149,333,718
Healthcare

Lockheed Martin Corp

1.69
2,001,397,001
Industrials

JPMorgan Chase & Co

1.55
1,830,585,498
Financial Services

CME Group Inc Class A

1.43
1,696,411,382
Financial Services

BAE Systems PLC

1.32
1,559,578,424
Industrials

Microsoft Corp

1.28
1,517,533,359
Technology