What Is Income Fund Of America
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Investors who want to diversify their holdings to include the potential for above average income individuals seeking to help cushion their investments from market declines income oriented investors who are seeking long term growth potential.
What is income fund of america. The fund seeks current income and capital growth secondarily. American funds income fund of america a is a balanced fund between stocks and fixed income and falls into morningstar s allocation 70 percent to 85 percent equity category. At least 60 of the funds assets will be invested in common stocks and other equity type securities. The income fund of america may be appropriate for.
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