American Funds The Income Fund of America® Class R-3 (RIDCX)

American Funds The Income Fund of America® Class R-3 is a diversified mutual fund with a global moderate allocation strategy, designed to deliver current income while also seeking long-term capital growth. Managed by Capital Research and Management Company, one of the industry’s longstanding asset managers, this fund primarily invests in a blend of dividend-paying equities and bonds, typically allocating 60–80% of its assets to stocks. The remainder is deployed in fixed-income securities and cash equivalents, providing a balanced risk-return profile suitable for income-oriented investors who still desire growth potential. The fund’s portfolio features leading companies across various sectors, with recent top holdings including Philip Morris International, Broadcom, Gilead Sciences, and JPMorgan Chase. With net assets exceeding $100 billion and a low minimum initial investment, it is accessible to a wide range of investors. Quarterly dividend distributions and a focus on cushioning portfolios during market volatility further strengthen its appeal for those prioritizing regular income and resilience over pure growth strategies. The fund's history dates back to 2002 for this share class, underlining its established presence in the market.