American Funds The Income Fund of America® Class 529-A (CIMAX)

American Funds The Income Fund of America® Class 529-A is a diversified mutual fund designed to deliver a blend of current income and long-term capital growth. Managed by Capital Group, this fund employs a multi-manager approach and invests primarily in a combination of dividend-paying equities and bonds, with equity holdings typically representing 60% to 80% of the portfolio. The fund maintains moderate risk by allocating assets across multiple sectors—including technology, consumer defensive, financial services, healthcare, and industrials—to balance income generation with growth potential. Class 529-A shares are tailored for investors leveraging 529 college savings plans, aiming to grow assets for education-related expenses. The fund's portfolio strategy extends to both U.S. and global securities, allowing for geographic diversification and risk mitigation. With a relatively low net expense ratio compared to its category average and a seasoned management team, the fund is well-regarded for its combination of steady income distributions and disciplined capital appreciation. The Income Fund of America® Class 529-A holds a significant place within the moderate allocation category and appeals to investors seeking a balanced, income-oriented investment approach within tax-advantaged accounts.