American Funds The Income Fund of America
RIDGX
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
- San Francisco, CA 94105-1409 San Francisco CA United States of America 94105-1409
- IPO Date
- May 1, 2009
- CIK
- 0000050013
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds The Income Fund of America (RIDGX) is a mutual fund managed by Capital Group that seeks current income as its primary objective while secondarily pursuing capital growth; it normally invests primarily in income-producing securities, including dividend-paying common stocks, interest-paying bonds, and other equity-type securities, with at least 60% of assets generally allocated to common stocks and up to 30% in non-U.S. issuers including emerging markets. The fund's portfolio typically features allocations across U.S. equities (around 45-49%), non-U.S. equities (23-25%), U.S. bonds (19-21%), non-U.S. bonds (2-3%), and cash equivalents (4-5%), with sector emphases in financials, consumer staples, health care, energy, and utilities; it pays regular quarterly dividends in March, June, September, and December, supplemented by annual capital gains distributions in December. Launched on December 1, 1973, and part of the American Funds family, the fund operates globally with significant exposure to the United States (64-68% of assets), Canada (5-7%), Europe and the Middle East (14-20%), and emerging markets; it is headquartered in Los Angeles, California, under Capital Group Companies, Inc., founded in 1931. RIDGX is one share class (R-6) among multiple classes of the fund, featuring low expenses of 0.26%, a portfolio turnover of 65-92%, and management by a team of investment professionals including Hilda Applbaum, Pramod Atluri, David Daigle, and others with extensive tenure. In recent developments, Capital Group, the fund's investment manager, advanced its strategic partnership with KKR by launching two interval funds focused on credit strategies in April 2025 and filing for its first public-private equity interval fund in July 2025, expanding access to alternative investments while maintaining the core equity-income focus of funds like RIDGX. The fund maintained steady operations through 2025, with assets under management reaching $140.6 billion as of November 30, 2025, quarterly dividends such as $0.1909 per share in December (including a special $0.33 and long-term capital gain of $1.5865), and a 30-day SEC yield of 3.46%.