American Funds Income Fund of Amer R1 (RIDAX)

American Funds The Income Fund of America Class R-1 is a diversified mutual fund designed to deliver current income while also aiming for long-term capital growth. Its principal strategy involves allocating at least 60% of assets to common stocks and other equity-type securities, with the remainder flexibly invested in bonds, cash, or money market instruments depending on market conditions and the fund manager's outlook. The fund primarily targets dividend-paying stocks and incorporates bonds to stabilize returns and preserve capital during periods of volatility. With over 2,900 holdings, it offers broad sector and geographic diversification, making it suitable for investors seeking a balanced approach to income and growth. American Funds The Income Fund of America Class R-1 also stands out for its substantial asset base, managing over $100 billion, and its consistent quarterly dividend payouts. Its multi-manager structure fosters discipline and resilience across varying market cycles, enhancing its role as a core holding for retirement plans and income-focused investment portfolios.