(PUB) Investing 2015

4

Data through February 28, 2015 American Funds Income Fund of Amer A

Ticker

Status Yield Total Assets

Mstar Category Moderate Allocation

AMECX Open

3.6% $99,548 mil

Morningstar Analyst Rating 02-25-15

Investment Style Equity Stock %

Historical Profile Return Risk Rating Average Average Neutral

58% 55% 59% 62% 63% 65% 71% 71%

„

Manager Change Partial Manager Change

10.0 12.5 15.0 18.0 20.5

Morningstar Pillars Process Performance

Growth of $10,000

Positive Positive Positive Positive Positive

∞ ∞ ∞ ∞ ∞

Investment Values of Fund Investment Values of M* MdTgRk

People Parent Price

NAV Total Return % +/-M* MdTgRk +/-Mstr Md Ag Rk Income Return % Capital Return % Total Rtn % Rank Cat Performance Quartile (within Category) History

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 02-15

Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ˇ ¨

18.56 12.92 1.44 -1.15 3.87 9.05

18.11 3.41 -3.63 -5.44 3.88 -0.47

20.36 20.29

19.38

13.09

15.49 24.51 2.74 -3.04 5.38 19.13

16.55 11.97 -0.36 -2.95

16.76

18.06 11.95 -0.09 -2.38

20.65 18.26 3.95 -1.92 3.70 14.56

21.58

22.15 2.64 0.48 -0.16 0.00 2.64

-28.85 3.77

5.58 4.99 7.51 4.29 1.29 0.70 0.00 0.58 4.24 4

8.39 3.50 3.42 3.87 4.52 0.79 0.00 0.57 3.76 25

7.34 4.30 5.00

-4.86 -5.17 4.54

-6.66 1.80 4.32

4.91 7.06 0.75 0.00 0.61 4.82 48

4.12 7.83 0.68 0.00 0.59 3.92 52

15.29

-33.17 -0.77

7

75

1

78

55

46

36

41

Pillar Spectrum Positive ∞

0.66 0.13 0.57 4.15

0.71 0.36 0.54 4.26

0.89 0.46 0.53 4.35

0.91 0.85 0.54 4.22

0.82 0.00 0.54 4.53

0.69 0.00 0.63 5.50

0.66 0.00 0.58 3.58

0.00 0.00

Income $

§ Negative

¶ Neutral

Capital Gains $ Expense Ratio % Income Ratio %

. .

Performance 02-28-15 1st Qtr 2nd Qtr

3rd Qtr

4th Qtr

Total

27

24

35

32

38

49

35

38

41

47

Turnover Rate % . .

2010 2011 2012 2013 2014

3.01 -6.34 10.58 4.95 11.97 5.01 1.09 -8.31 8.47 5.58 5.34 0.22 4.51 1.47 11.95 6.62 0.64 3.97 5.99 18.26 2.65 4.12 -0.54 1.97 8.39

74,958 72,853 68,001 57,662 52,517 52,075 49,432 43,360 66,390 60,593 48,701 42,536

Net Assets $mil

Rating and Risk Time Load-Adj

Portfolio Analysis 12-31-14 Total Stocks:150

Morningstar

Morningstar Risk vs Cat

Morningstar Risk-Adj Rating

P/E

YTD % Net

Period Return % Rtn vs Cat

Share change since 09-30-14

Sectors

Ratio Return % Assets 13.9 2.73 3.11 19.1 3.24 2.09 49.3 4.90 2.05 22.1 11.85 1.92 19.0 6.22 1.78 19.3 7.10 1.65

1 Yr 3 Yr 5 Yr

3.01

Trailing

Total

+/- M* +/- Mstr

%Rank Growth of

Merck & Co Inc Microsoft Corp

Hlth care

Return% MdTgRk Md Ag Rk

Cat

$10,000

10.02 10.65

Avg

Avg -Avg Avg

Technology 18.8 -6.16 3.06

3 Mo 6 Mo 1 Yr

1.53 0.26 2.91 2.25 9.30 3.89 12.22 3.66 11.96 2.70 7.11 0.38 8.30 2.04

-0.10 2.09 2.97 1.46 0.94 -0.16 2.05

72 10,153 40 10,291 22 10,930 15 14,132 7 17,592 16 19,875 5 33,069

+Avg

General Electric Co

Industrl

10 Yr Incept

6.47

Avg

Bristol-Myers Squibb Comp Hlth care

11.23

Pfizer Inc

Hlth care Basic Mat

3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg

E I du Pont de Nemours &

Other Measures

Standard Index

Best Fit Index M* MdTgRk

Verizon Communications In Comm Svs

M* MdTgRk

Cisco Systems Inc Procter & Gamble Co

Technology 18.9 6.88 1.58

Alpha

3.2

3.2

Cnsmr Def

24.1 -5.80 1.51

Beta

1.02

1.02

Date of Maturity

Amount

Value % Net $000 Assets

R-Squared

92

92

Tax Analysis Tax-Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat 3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated) 8.43 46 1.45 61 9.13 35 1.37 78 4.77 52 1.60 93 Potential Capital Gain Exposure: 19% of assets Morningstar’s Take by Alec Lucas 02-25-15 American Funds Income Fund of America stays true to its name. The fund has consistently met its primary goal of delivering a high and stable income stream. Its 3.7% yield over the past year through January 2015 beats 95% of moderate-allocation peers. The fund’s annual dividend yield also places in the moderate-allocation category’s top decile each year over the past 15 years through 2014. Management is aggressive in its pursuit of income, but it’s also shown a willingness to cut the fund’s dividend when necessary. In June 2009, it reduced its quarterly dividend to 16.5 cents per share from 19.5 cents in response to cuts by dividend-paying stocks combined with the low-rate environment that has prevailed since the 2007-09 credit crisis. The fund’s mix between dividend-paying stocks and bonds is determined by where management finds the best income opportunities. That’s meant a big shift into equities over the past few years. From a low of 57% of assets at year-end 2008, equity exposure has hovered around 75% since late 2013, including 17%-20% in

Total Fixed-Income:1293

$000

Standard Deviation

6.62

FNMA FNMA

01-01-45 194,362 202,526 0.22

Mean

12.22

02-01-45 180,054 195,094 0.21 US Treasury Note 1.625% 12-31-19 186,500 186,295 0.20 US Treasury TIP 02-15-44 157,092 179,386 0.20 US Treasury Bond 3.375% 05-15-44 155,240 174,851 0.19 US Treasury Bond 3.125% 08-15-44 131,950 142,001 0.16 Smfg Pfd Cap Usd 3 144A F 07-29-49 116,330 141,632 0.15 General Elec Cap FRN 12-29-49 112,300 131,110 0.14 US Treasury Note 1.5% 05-31-19 129,155 128,862 0.14

Sharpe Ratio

1.77

foreign stocks, which often offer relatively high yields. The typical moderate-allocation rival, by contrast, has during the same time kept around 60% of assets in equities, with a 12%-14% stake in foreign stocks. Fixed-income managers have shown restraint relative to their own history. Although the fund’s 7.5% stake in bonds rated BB or lower is roughly double the category mean, it’s down from a 10.5% mid-2008 high. They have also kept interest-rate risk steady. A 5.3-year average duration, which is slightly above the 4.4-year category average, falls within historical norms as well. Hefty equity and junk-bond exposures could lead to above-average losses in a downturn, but thus far it’s resulted in strong performance. Over the past five years through January 2015, the fund’s posted a top-decile 11.5% annualized gain. That’s in keeping with its long-term record. The fund courts more risk than its typical peer, but it rewards investors well for that risk, earning it a Morningstar Analyst Rating of Silver.

Equity Style

Fixed-Income Style Duration: Moderate Quality: Low Avg Eff Duration Avg Eff Maturity Avg Credit Quality Avg Wtd Coupon 1

Style: Value Size: Large-Cap Value Measures Price/Earnings Price/Book Price/Sales Price/Cash Flow Dividend Yield % Growth Measures Long-Term Erngs Book Value Sales Cash Flow Historical Erngs

5.3 Yrs

Rel Category

. BB

17.29 2.19 1.80 7.51 3.50

1.20 1.15 1.48 1.10 1.47 0.77 3.83 0.07 2.09 0.02

5.33%

figure provided by fund as of 12-31-14 1

Sector Weightings

% of Stocks

Rel M* MdTgRk High

3 Year Low

% Rel Category

8.23 4.44 0.24 2.80 0.65

Cyclical 28.30 0.71 BasicMat 8.80 1.65 9 6 CnsmrCyc 6.15 0.52 9 5 FinanSvs 10.05 0.55 10 5 Real Est 3.30 0.72 6 3 Sensitive 39.95 1.09 CommSrvs 7.18 1.89 10 5 Energy 8.10 1.08 12 8 Industrl 12.05 1.03 16 12 Technlgy 12.62 0.93 13 3 Defensive31.75 1.34 CnsmrDef11.47 1.37 12 9 Hlthcare 14.71 1.38 17 12 Utilities 5.57 1.22 8 6

h r t y u j i o p a k s d f

Market Cap % Giant 55.5 Large 33.0 Mid 9.8

Small Micro

1.4 0.3

Avg $mil:

58,168

Address:

The Income Fund of America, Inc. San Francisco, CA 94105-1409 800-421-4225 www.americanfunds.com

Minimum Purchase: Min Auto Inv Plan:

$250 $250

Add: $50 IRA: $250

Composition - Net

Add: $50

Cash 5.7 Stocks 70.6 Bonds 18.3 Other 5.5 Foreign 23.9

Sales Fees:

5.75%L,

Web Address: Inception: Advisor: Subadvisor: NTF Plans:

Management Fee:

0.25% mx./0.12% mn., 0.01%A Mgt:0.23% Dist:0.24%

11-30-73

Actual Fees:

Capital Research and Management Company

Expense Projections: Income Distribution:

3Yr:$747 Quarterly

5Yr:$875 10Yr:$1248

None

(% of Stock)

Federated Tr NTF

Mutual Funds ß ®

© 2015Morningstar, Inc.All rights reserved.The informationherein is not represented orwarranted tobeaccurate, correct, completeor timely. Pastperformance is no guarantee of future results.Access updated reportsat Toorder reprints, call312-696-6100. mfb.morningstar.com.

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