American Funds The Income Fund of America Class C (IFACX)

American Funds The Income Fund of America® Class C is a diversified mutual fund aiming primarily to deliver current income with a secondary objective of capital growth. Managed by Capital Research and Management Company, one of the oldest investment firms in the United States, this fund utilizes a multi-manager approach. It typically invests in a mix of income-producing securities including dividend-paying stocks and interest-bearing bonds, with at least 60% of assets in equities, and allocates a portion to international securities for added diversification. The portfolio’s sector exposures are significant across financials, consumer staples, health care, energy, and information technology, reflecting a balance between yield generation and long-term appreciation potential. Its flexible allocation—combining U.S. and non-U.S. equities, as well as a measured allocation to bonds and cash—positions the fund within the global moderate allocation category. This structure seeks to mitigate market declines while providing shareholders with regular income distributions, paid quarterly. Serving over 58,000 accounts and managing assets exceeding $130 billion as of 2025, the fund plays a prominent role for investors seeking steady income and relative stability within a diversified investment vehicle.