American Funds Income Fund of America R6 Fund (RIDGX) a Zacks Rank #1 (Strong Buy) was incepted in May 2009. RIDGX seeks growth of income and capital for the investors. RIDGX invests mainly in income-producing securities, including dividend-paying common stocks as well as debt securities like interest-paying bonds. RIDGX invests its assets in securities of both domestic and foreign companies.
This Large Value product, as of the last filing, allocates their fund in five major groups; Large value, Intermediate Bond, Large Growth, Foreign Stock and Emerging Market. Further, as of the last filing, Microsoft Corporation (NASDAQ:MSFT), Merck (NYSE:MRK) & Co. Inc. and General Electric Company (NYSE:GE) were the top holdings for RIDGX.
The American Funds Income Fund of America R6 fund, managed by American Funds, carries an expense ratio of 0.28%. Moreover, RIDGX requires a minimal initial investment of $250.
RIDGX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.67% and 5 year 7.85%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
RIDGX’s performance, as of the last filing, when compared to funds in its category was in the top 25% in 1 year, top 44% over the past 3 years, and in the 51% over the past 5 years.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
View All Zacks #1 Ranked Mutual Funds
Get Your Free (RIDGX): Fund Analysis Report
Original post
Zacks Investment Research