On Oct. 1, 2024, Taylor Hinshaw will be disclosed as an equity portfolio manager on American Funds Income Fund of America. He will be the seventh equity manager here; this group works alongside four fixed-income managers. Hinshaw, who joined advisor Capital Group in 2001 as an equity analyst, has also comanaged American Funds Small Cap World since December 2023. His addition to this fund doesn’t alter its Above Average People Pillar rating. This fund has seen significant equity manager turnover since the start of 2022 owing to three retirements and the 2023 death of Bradley Vogt. But managers with extensive experience choosing dividend-paying stocks here and elsewhere remain on board, and the firm’s taxable fixed-income team is well-regarded.
American Funds Income Fund of Amer 529E CIMEX
- NAV / 1-Day Return 25.74 / +0.35 %
- Total Assets 128.4 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.850%
- Distribution Fee Level Low
- Share Class Type Level Load
- Category Moderately Aggressive Allocation
- Investment Style Large Value
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Status Open
- TTM Yield 3.08%
- Turnover 95%
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis CIMEX
Will CIMEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 17.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Capital Group Central Cash Fund | 6.84 | 8.3 Bil | Cash and Equivalents |
Broadcom Inc | 2.65 | 3.2 Bil | Technology |
Philip Morris International Inc | 2.46 | 3.0 Bil | Consumer Defensive |
JPMorgan Chase & Co | 2.24 | 2.7 Bil | Financial Services |
Gilead Sciences Inc | 1.79 | 2.2 Bil | Healthcare |
Microsoft Corp | 1.78 | 2.2 Bil | Technology |
EOG Resources Inc | 1.60 | 1.9 Bil | Energy |
BAE Systems PLC | 1.56 | 1.9 Bil | Industrials |
Taiwan Semiconductor Manufacturing Co Ltd | 1.39 | 1.7 Bil | Technology |
The Home Depot Inc | 1.24 | 1.5 Bil | Consumer Cyclical |