American Funds The Income Fund of America® Class R-2 (RIDBX)

American Funds The Income Fund of America Class R-2 is a multi-asset mutual fund designed to provide investors with a steady stream of current income, while also striving for long-term capital growth as a secondary objective. The fund achieves this by primarily allocating its assets—typically 60% to 80%—to dividend-paying equities, complemented by investments in fixed income instruments such as bonds. This balanced approach allows the fund to access income opportunities from both stock dividends and bond interest, while maintaining the potential for equity-based appreciation. With a broad portfolio of nearly 3,000 holdings, the fund diversifies risk across sectors and asset classes, appealing to investors seeking moderate risk and returns. Classified in the global moderate allocation category, it deliberately balances preservation of capital with growth, targeting volatility levels comparable to portfolios holding 50–70% equities. Managed by an experienced team, the fund is widely used in retirement plans and long-term investment strategies, given its quarterly dividend payouts and significant asset base exceeding $100 billion. Since its inception in 2002, it has served as a core income-generating solution for investors seeking a mix of reliability and balanced growth.