The Income Fund of America, Class F-1 Shares (IFAFX)
The Income Fund of America, Class F-1 Shares operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Irvine, CA, US. The stock last traded at $27.21, up 0.22% on the session, giving a market capitalisation of $141.13B. On trailing twelve-month figures it carries a trailing P/E of 15.20, a net margin of 28.6%. Its beta of 0.83 implies it has historically moved less than the broad market.
The fund primarily aims to provide investors with a steady flow of income, while also pursuing capital appreciation as a secondary goal. Its investment strategy typically focuses on income-generating securities. These assets include equity instruments like common stocks that pay dividends, and debt instruments such as interest-bearing bonds. Generally, at least 60% of the fund's assets will be invested in common stocks and other types of equity securities. The fund also has the flexibility to allocate up to 30% of its portfolio to equity securities from companies located outside the United States, including those in developing economies.
The Income Fund of America, Class F-1 Shares is most often compared with the following Financial Services names: