American Funds The Income Fund of America Class A
AMECX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 6455 Irvine Center Drive Irvine CA United States of America 92618
- IPO Date
- Jan 2, 1986
- CIK
- 0000050013
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds The Income Fund of America Class A (AMECX) is an open-end mutual fund managed by Capital Research and Management Company, a subsidiary of Capital Group Companies, Inc., that seeks to provide investors with current income while secondarily striving for capital growth. The fund, launched on November 30, 1973, and headquartered in Los Angeles, California, normally invests primarily in income-producing securities, including at least 60% in common stocks and other equity-type securities such as dividend-paying common stocks; debt securities such as interest-paying bonds; up to 30% in common stocks and equity-type securities of non-U.S. issuers, including those in developing countries; and allocations across fixed income with mid credit quality and moderate interest-rate sensitivity. Its portfolio as of November 30, 2025, features diversified holdings with 45.6% in U.S. equities, 25.1% in non-U.S. equities, 21.3% in U.S. bonds, 2.5% in non-U.S. bonds, and 5.5% in cash and equivalents, spanning sectors like financials (15.2%), health care (9.2%), and consumer staples (7.2%), with geographic focus on the United States (64.5% of assets), Europe & Middle East (20.3%), and Canada (7.1%). The fund targets individual and institutional investors seeking balanced income and growth through a global moderate allocation strategy, with total net assets of approximately $140.56 billion and share class size of $81.66 billion as of late 2025, available primarily in the United States with a minimum initial investment of $250. It maintains a net expense ratio of 0.56%, including 0.22% annual management fees, 0.25% 12b-1 service fees, and other expenses of 0.09%, alongside a 5.75% front-end load. Regular quarterly dividends are paid in March, June, September, and December, with 2025 year-to-date distributions totaling $2.5965 per share, including a special income dividend and long-term capital gains. Recent developments include the addition of equity portfolio manager M. Taylor Hinshaw, effective October 1, 2024, bringing the total to seven equity managers alongside four fixed-income managers, enhancing the fund's collaborative investment approach; this follows the planned removal of Dimitrije Mitrinovic announced in November 2025. In December 2025, Capital Group expanded its broader American Funds lineup through a strategic partnership with SEI Investments, launching new U.S.-focused multi-asset strategies emphasizing growth, stability, and income to complement global offerings like AMECX and address evolving advisor demands for personalized solutions. Capital Group has also pursued firm-wide strategic shifts, including growth in fixed income capabilities and overseas expansion, as part of its ambition to reach $4 trillion in assets by 2031, alongside recent introductions of private credit and equity funds within the American Funds series in December 2025.