Income Fund Of America Review

Amecx a complete american funds income fund of america a mutual fund overview by marketwatch.

Income fund of america review. American funds growth fund of america agthx is a large cap equity fund that focuses on capital growth. Current and historical performance performance for the income fund of america cla on yahoo finance. With over 1 trillion in assets under management american funds is the third largest mutual funds provider behind fidelity and the vanguard group. And up to 20 of assets in high yield bonds which can be rated below investment grade bb and below.

The fund s investment objectives are to provide you with current income while secondarily striving for capital growth. American funds income fund of america a is a balanced fund between stocks and fixed income and falls into morningstar s allocation 70 percent to 85 percent equity category. The income fund of america. Distinguishing characteristics this income strategy focuses on dividend paying stocks and fixed income which has historically led to lower volatility and better downside resilience versus the s p 500.

View mutual fund news mutual fund market and mutual fund interest rates. None of the other equity managers are leaving so that brings the total number of for this. Up to 25 of assets can be invested in stocks of companies outside of the u s. Michael m schwab getty images.

Once the account is opened american funds does a great job in servicing accounts. Charles schwab offers three funds in its monthly income fund series each requiring a minimum investment of only 100 although 100 is not going to provide much monthly income the funds have reasonable expense ratios ranging from 47 66 and the funds contain no sales charges or 12b1 fees. Opening account at american funds an account with american funds must be opened by a financial advisor. On june 1 three equity portfolio managers were added to american funds income fund of america.

The payout from retirement income funds will vary from month to month. This fund has a flexible approach to finding above average income. It recommends buying the growth fund of america the europacific growth fund and the fundamental investors fund. Portfolio managers practice active stock selection.