American Funds The Income Fund of America Class F-1 (IFAFX)

American Funds The Income Fund of America® Class F-1 is a diversified mutual fund aiming to provide investors with a steady stream of current income while also seeking long-term capital growth. The fund primarily invests in income-producing securities, including a mix of dividend-paying common stocks and interest-paying bonds. The portfolio usually allocates at least 60% of its assets to equities, with the remainder in fixed-income securities. Notably, up to 30% of the fund’s assets may be invested in companies based outside the United States, offering exposure to both domestic and international markets, including emerging economies. With more than 3,000 holdings spread across various sectors and industries, the fund maintains a broad, balanced approach to asset allocation. Its moderate allocation strategy is designed to balance income generation with the potential for appreciation, making it relevant for investors seeking regular distributions and long-term portfolio growth. Established in 1973, the fund has played a significant role in the market as a core income-focused allocation vehicle for a wide range of investors.