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Detailed Fund Information

The Income Fund of America® (equity-income fund)

Class B shares

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Please note: American Funds no longer allows new investments in Class B and 529-B shares.

Daily Prices

Updated April 17, 2014, 3:19PM Pacific time

Net Asset Value (NAV) $20.92
NAV Change $0.04
Maximum Offering Price (MOP) $20.92

(All prices are subject to revision.)

Historical Prices & Distributions

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Ticker Symbols & Fund Numbers

Fund Number 206
Ticker/Quotron Symbol IFABX
CUSIP Number 453320 20 2

Fund Description

Fund Objective The fund's investment objectives are to provide current income while secondarily striving for capital growth.
Distinguishing Characteristics Seeks investments in both the stock and bond markets that provide an opportunity for above-average current income and long-term capital growth.
Types of Investments Invests primarily in common or preferred stocks, convertible securities, bonds, U.S. and other government securities, cash and cash equivalents.
Non-U.S. Holdings The fund may invest up to 25% of assets in equities of companies outside the U.S. and up to 10% of assets in fixed-income securities outside the U.S. that are denominated in U.S. dollars.
Portfolio Restrictions The fund may invest only 20% of its assets in securities rated below investment grade (BB/Ba and below, or unrated, but determined by the fund’s investment adviser to be of equivalent quality).

Fund Facts

Minimum Initial Investment $250
Shareholder Accounts (aggregated for all share classes; updated monthly) 3,247,208
Regular Dividends Paid March, June, September, December
Capital Gains Paid December
Fund Inception December 1, 1973
Fiscal Year-End July

The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.

Returns & Expenses

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Results shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Returns with sales charge for Class B shares reflect the deduction of a contingent deferred sales charge (up to 5%) on shares sold within the first six years of purchase. Definitions and other important legal information about these prices and returns are shown below.

Rates of Return*

  Average Annual Total Returns
1 yr 3 yrs 5 yrs 10 yrs Fund Lifetime
March 31, 2014 (most recent month-end)
NAV 13.05% 10.14% 15.93% 6.70% 11.26%
With CDSC 8.05% 9.03% 15.71% 6.70% 11.26%
March 31, 2014 (most recent quarter-end)
NAV 13.05% 10.14% 15.93% 6.70% 11.26%
With CDSC 8.05% 9.03% 15.71% 6.70% 11.26%

Expense Ratios

The Income Fund of America 1.33%
Lipper Income (Mixed Equity) Funds Average 1.65%

12-Month Distribution Rates

As of March 31, 2014 (updated monthly)

NAV 2.40%

Annualized 30-Day SEC Yield

As of March 31, 2014 (updated monthly)

At net asset value 2.15%


Largest Industry Holdings

% of net assets as of March 31, 2014 (updated quarterly)

Pharmaceuticals 10.8%
Oil, gas & consumable fuels 5.8%
Diversified telecommunication services 4.9%
Chemicals 3.8%
Banks 3.8%
Real Estate Investment Trusts (REITs) 3.5%
Semiconductors & semiconductor equipment 3.4%
Aerospace & defense 2.8%
Multi-utilities 2.7%
Software 2.6%

Portfolio Summary

% of net assets as of March 31, 2014 (updated quarterly)

Agency Notes & Bonds 0.4%
Cash & equivalents 5.4%
Mortgage- and Asset-Backed Securities 1.8%
Municipal Securities 0.1%
Non-U.S. Corporate Bonds 3.3%
Non-U.S. Governments/Agencies 0.1%
Stocks and Convertible Securities 75.4%
U.S. Corporate Bonds 11.3%
U.S. Treasuries/Agencies 2.2%

Quality Summary

% of net assets as of March 31, 2014 (updated quarterly)

U.S. Treasuries/Agencies 2.6%
AAA/Aaa 1.6%
AA/Aa 1.0%
A 2.5%
BBB/Baa 4.0%
BB/Ba 3.1%
B 3.2%
CCC & Below 0.9%
Unrated 0.3%
Cash & equivalents 5.4%

as of March 31, 2014 (updated quarterly)

Average Life (years) 6.4
Average Duration (years) 4.8

Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch, as an indication of an issuer’s creditworthiness. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with fund investment policies.

Portfolio Holdings

(updated quarterly, upon availability)

Asset Mix

as of March 31, 2014 (updated monthly)

U.S. Equities 53.8%
Non-U.S. Equities 21.6%
U.S. Bonds 15.8%
Non-U.S. Bonds 3.4%
Cash & Equivalents 5.4%

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (billions) Portfolio Turnover
2013 $83.3 47%
2012 $72.9 41%
2011 $68.9 38%
2010 $63.5 35%
2009 $60.0 49%

Assets shown are for combined share classes.

Largest Equity Holdings

Percent of net assets as of March 31, 2014 (updated monthly)



Among the world's largest pharmaceutical companies, and a leader in cardiovascular medicine.



A world leader in software and Internet technologies. Its products include the Windows operating system and Office software.


General Electric

Global operator of infrastructure, technology, energy and finance businesses.


Bristol-Myers Squibb

Makes drugs for the treatment of heart disease, infectious diseases and psychiatric disorders.



A leading global pharmaceutical company. Makes Viagra, Lipitor and top-selling over-the-counter products.



Major broadband and telecommunication services provider.



This global pharmaceutical company makes drugs for the treatment of gastrointestinal disorders, cardiovascular disease and cancer.



A leading manufacturer of chemicals used in coatings, agricultural products, electronic products and packaging. Its brands include Teflon, Lycra and Stainmaster.


National Grid

Operates electricity networks in the U.K. and U.S.


Lockheed Martin

A world leader in advanced aerospace and military technology products.


Portfolio Managers

Number of years with American Funds or affiliates
Hilda L. Applbaum 19
David C. Barclay 25
David Daigle 19
Joanna F. Jonsson 23
James R. Mulally 33
Dina N. Perry 22
John H. Smet 30
Andrew B. Suzman 20
Steven T. Watson 24

(as of the prospectus dated October 1, 2013)

The portfolio managers shown are reflected in the fund’s most recent prospectus.

Important Legal Information

Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

The return of principal for the bond holdings in The Income Fund of America is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

* Investment results assume all distributions are reinvested and reflect applicable fees and expenses. Class B shares were first offered on March 15, 2000. Class B share results prior to the date of first sale are hypothetical based on Class A share results without a sales charge, adjusted for estimated additional annual expenses over the first eight years. Class B shares convert to Class A shares after eight years. View dates of first sale and specific expense adjustment information for Class B shares.

  When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

Source for Lipper expense ratio comparison: Lipper, based on back-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of March 31, 2014. The fund’s expense ratio is as of the fund’s prospectus. The expense ratios do not reflect sales charges.

The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders. Accordingly, the fund's SEC yield and distribution rate may differ.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.