- Business
- American Funds International Growth and Income Fund Class A (IGAAX) is an open-end mutual fund managed by Capital Group Companies that seeks long-term growth of capital while providing current income by investing primarily in common stocks of larger companies domiciled in developed and emerging markets outside the United States; the portfolio normally holds over 280 companies across sectors including financial services (22.4%), industrials (14.7%), information technology (13.2%), consumer discretionary (9.0%), and consumer staples (8.3%), with regional allocations emphasizing Europe & Middle East (57.3%), emerging markets ex-China (16.8%), Canada (4.8%), China (5.5%), Japan (7.0%), and Asia-Pacific ex-Japan (5.0%). The fund offers Class A shares with a front-end load of 5.75%, net expense ratio of 0.92%, minimum initial investment of $250, quarterly dividends paid in March, June, September, and December, and capital gains distributions annually in December; it features a multiple portfolio manager system with current managers including Steven Watson and Andrew Suzman (since inception), Patrice Collette (since 2010), Leo Hee (since 2015), Michael Cohen and Lisa Thompson (since 2018), and new additions Barbara Burtin and Bobby Chada (since September 2024). Launched on October 1, 2008, IGAAX is part of the American Funds family, which operates under Capital Group Companies, founded in 1931 and headquartered at 333 South Hope Street in Los Angeles, California; the fund serves conservative investors seeking international diversification, dividend income, and growth, with total net assets of approximately $18.2 billion and share class assets of $4.83 billion as of late 2025. Recent developments include the addition of two new portfolio managers, Barbara Burtin and Bobby Chada, effective September 1, 2024, enhancing the team's expertise without altering the fund's strategy or Morningstar ratings; Capital Group, the fund's parent, announced an exclusive strategic partnership with KKR in 2025 to launch hybrid public-private fixed income funds, expanding alternative investment options, alongside ongoing expansion of its ETF platform to 21 funds since 2022. The fund remains available for sale in the United States, categorized in the Foreign Large Blend segment by Morningstar, with a portfolio turnover of 40% and active share of 63.6% versus the MSCI ACWI ex USA Index.