American Funds The Income Fund of America Class A (AMECX)
American Funds The Income Fund of America Class A operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Irvine, CA, US. The stock last traded at $28.24, up 0.11% on the session, giving a market capitalisation of $146.84B. On trailing twelve-month figures it carries a trailing P/E of 15.60, a net margin of 28.6%. Its beta of 0.83 implies it has historically moved less than the broad market.
This fund's main objective is to provide investors with a steady stream of income, with long-term capital appreciation as a secondary aim. Its portfolio is typically composed of various income-generating investments, such as dividend-paying common stocks and interest-bearing debt instruments like bonds. A substantial portion of the fund, generally at least 60% of its total assets, will be committed to common stocks and other equity-type securities. Furthermore, the fund has the flexibility to allocate up to 30% of its assets to equity securities issued by companies based outside the United States, including those in developing economies.
American Funds The Income Fund of America Class A is most often compared with the following Financial Services names: