American Funds The Income Fund of America (RIDGX) NASDAQ
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Address
San Francisco, CA 94105-1409
San Francisco, CA 94105-1409
United States of America (the)
Phone
(415) 421-9360
Sector
Financial Services
Industry
Asset Management - Income
Employees
N/A
First IPO Date
May 01, 2009
This fund's principal strategy involves allocating capital predominantly to securities designed to generate income. Such investments typically encompass common stocks that distribute dividends and various types of interest-bearing debt instruments. A significant portion, specifically a minimum of 60%, of the portfolio's total assets is usually committed to common stocks and other equity-related holdings. Furthermore, the fund has the flexibility to allocate up to 30% of its investments to equity or equity-like securities issued by companies situated outside the United States, including those in developing countries.