On Feb. 1, 2022, American Funds announced that Joyce Gordon, an equity portfolio manager on American Funds Income Fund of America since July 2020, will retire on July 1, 2022 after 41 years with Capital Group. Brief manager tenures are unusual at American Funds, but Gordon was added to the fund at the same time as two other equity managers from the same investment unit of Capital, and her share of the fund’s assets since joining had not exceeded 4% of assets as of September 2021.
American Funds Income Fund of Amer A AMECX
NAV / 1-Day Return
23.25
/
0.65
%
Total Assets
118.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.560%
Expense Ratio
0.560%
Fee Level
Low
Longest Manager Tenure
30.50
years
Category
Allocation--70% to 85% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
3.07%
Turnover
133%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will AMECX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AMECX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AMECX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of AMECX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Loss Of A Veteran Manager Doesn't Alter Our Opinion of American Funds Income Fund of America
