American Funds Income Fund of Amer 529F2 (FAIFX)

American Funds Income Fund of America 529-F2 is a mutual fund share class designed specifically for 529 college savings plans. It seeks to provide current income as its primary objective while secondarily pursuing capital growth through a diversified portfolio. The fund normally invests primarily in income-generating assets, including dividend-paying common and preferred stocks, convertible securities, bonds, U.S. government securities, and cash equivalents. It maintains a balanced allocation with significant exposure to U.S. equities around 43%, non-U.S. equities about 26%, U.S. bonds roughly 21%, non-U.S. bonds near 2%, and cash equivalents. Up to 30% of assets may be held in equities of companies outside the U.S., and up to 10% in non-U.S. dollar-denominated fixed-income securities. Sector allocations emphasize financials, health care, consumer staples, and energy, with geographic diversity across the United States, Canada, Europe, Middle East, and emerging markets. Regular dividends are paid quarterly in March, June, September, and December, with capital gains distributed annually in December. Managed by a team of experienced portfolio counselors at Capital Group, this 529-F2 share class supports education savings goals by focusing on income stability and moderate growth potential within tax-advantaged 529 plans.