American Funds Income Fund of American F1 ( IFAFX ) a Zacks Rank #1 (Strong Buy) was incepted in December 1973 and is managed by Capital Research and Management Company. The objective of IFAFX is to seek current income and, secondarily, growth of capital through a flexible mix of equity and debt instruments. IFAFX invests primarily in common or preferred stocks, convertible securities, bonds, U.S. and non-U.S. government securities, cash and equivalents. IFAFX invests only 20% of its assets in securities rated below investment grade. IFAFX offers dividends quarterly in March, June, September and December. IFAFX distributes capital gains in December.
This Large Value fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond, Foreign Bond, Foreign Stock, Large Growth and Emerging Market. Further, as of the last filing, Microsoft Corp, Merck & Co and General Electric Co were the top holdings for IFAFX.
American Funds Income Fund of American F1, managed by American Funds , carries an expense ratio of 0.64%. Moreover, IFAFX requires a minimal initial investment of $250.
IFAFX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 6.49% and 5 year 7.59%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
IFAFX's performance, as of the last filing, when compared to funds in its category was in the top 30% in 1 year, top 48% over the past 3 years, and in the 55% over the past 5 years.
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