American Funds Income Fund of Amer F3
FIFAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Francisco, CA 94105-1409 San Francisco CA United States of America 94105-1409
- IPO Date
- Feb 2, 2017
- CIK
- 0000050013
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Income Fund of America F3 (FIFAX) is an open-end mutual fund managed by Capital Research and Management Company that seeks current income as its primary objective while secondarily pursuing capital growth through investments in income-producing securities, including dividend-paying common stocks, interest-paying bonds, and other equity-type and debt securities; generally, at least 60% of assets are allocated to common stocks and equity-type securities, with up to 30% permitted in non-U.S. issuers, including those in emerging markets. The fund's portfolio typically features significant exposure to U.S. equities (approximately 45%), non-U.S. equities (around 25%), U.S. bonds (about 21%), non-U.S. bonds (roughly 3%), and cash equivalents, with top sectors including financials, health care, consumer staples, information technology, and energy; key holdings as of late 2025 encompass Philip Morris International Inc., Broadcom Inc., Gilead Sciences Inc., BAE Systems plc, and EOG Resources Inc., among over 1,100 issuers. It operates within the global moderate allocation category, targeting individual and institutional investors seeking balanced income and growth, with assets under management exceeding $140 billion across share classes, quarterly dividend distributions, an expense ratio of 0.26%, and a minimum initial investment of $250. The fund, part of the American Funds family under Capital Group headquartered in Los Angeles, California, traces its origins to the broader Income Fund of America inception on December 1, 1973, with the F3 share class launched on February 2, 2017. Geographically, it maintains primary focus on the United States (about 65% of assets) alongside allocations to Canada, Europe & Middle East, Japan, Asia-Pacific ex-Japan, China, and other emerging markets ex-China. In recent developments, the fund underwent portfolio management changes in late 2025, including the announced departure of equity manager Caroline Randall effective late 2025 ahead of her retirement from Capital Group on January 1, 2026, following prior adjustments such as the removal of Dimitrije Mitrinovic from the roster effective January 1, 2026, as part of a broader firm-wide equity portfolio reorganization assigning management to specialized subsidiaries; these shifts affect a modest portion of assets while retaining a deep team of six equity and four fixed-income managers with substantial tenure. Portfolio turnover stood at 65% for fiscal year 2025, reflecting active rebalancing amid market conditions, with quarterly dividends paid in March, June, September, and December—including a special capital gains distribution in December 2025—and total 2025 year-to-date distributions reaching $2.68 per share.