American Funds Income Fund of America A Fund (AMECX) invests primarily in common or preferred stocks, convertible securities, bonds, U.S. and non-U.S. government securities, cash and equivalents. The objective of AMECX is to seek current income and, secondarily, growth of capital through a flexible mix of equity and debt instruments. AMECX invests only 20% of its assets in securities rated below investment grade. A team of nine portfolio counselors manages AMECX. They are Hilda L. Applbaum, David C. Barclay, Stephen E. Bepler, Abner D. Goldstine, Darcy B. Kopcho, Janet A. Mc Kinley, Dina N. Perry, John H. Smet and Andrew B. Suzman.
This Large Value product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.3% and 5 year 9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AMECX’s performance, as of the last filing, when compared to funds in its category was in the top 21% over the past 1 year and in the top 45% over the past 3 years.
The American Funds Income Fund of America A fund, as of the last filing, allocates their fund in seven major groups; Large Value, Intermediate Bond, Large Growth, Foreign Bond, High Yield Bond, Foreign Stock and Emerging Market. Further, as of the last filing, Microsoft Corp (NASDAQ:MSFT), Merck (NYSE:MRK) & Co and General Electric (NYSE:GE) Co were the top holdings for AMECX.
This Zacks Rank #2 (Buy) was incepted in December 1973 and is managed by American Funds . AMECX carries an expense ratio of 0.56% and requires a minimal initial investment of $250.
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Zacks Investment Research