American Funds Income Fund of America A (AMECX) a Zacks Ranked #1 (Strong Buy) was incepted in December 1973 and is managed by Capital Research and Management Company. The objective of AMECX is to seek current income and, secondarily, growth of capital through a flexible mix of equity and debt instruments. AMECX invests primarily in common or preferred stocks, convertible securities, bonds, U.S. and non-U.S. government securities, cash and equivalents. AMECX invests only 20% of its assets in securities rated below investment grade. A team of nine portfolio counselors manages AMECX. This Large Value product, as of the last filing, allocates their fund in five major groups; Large Value, Intermediate Bond, Foreign Stock, Large Growth and High Yield Bond. Further, as of the last filing, Microsoft Corp, Merck & Co Inc and General Electric Co were the top holdings for AMECX. American Funds Income Fund of America A, managed by American Funds, carries an expense ratio of 0.55%. Moreover, AMECX requires a minimal initial investment of $250. AMECX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6.64% and 5 year 7.80%. To see how this fund performed compared in its category, please click here. AMECX’s performance, as of the last filing, when compared to funds in its category was in the top 26% in 1 year, top 52% over the past 3 years, and in the 48% over the past 5 years. Zacks Premium To see the Zacks Mutual Fund Rank for the funds you’re interested in —plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more— start your 30-day free trial to Zacks Premium. View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (AMECX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research