The Income Fund of America®
Investment portfolio
October 31, 2020
unaudited
Common stocks 68.21% Information technology 9.36% | Shares | Value (000) |
Microsoft Corp. | 11,886,554 | $2,406,671 |
Taiwan Semiconductor Manufacturing Company, Ltd.1 | 140,735,500 | 2,123,981 |
Taiwan Semiconductor Manufacturing Company, Ltd. (ADR) | 1,855,000 | 155,579 |
Broadcom Inc. | 5,240,912 | 1,832,380 |
QUALCOMM Inc. | 7,571,000 | 933,959 |
Texas Instruments Inc. | 5,015,000 | 725,119 |
International Business Machines Corp. | 3,855,000 | 430,449 |
NortonLifeLock Inc. | 18,483,359 | 380,203 |
Tokyo Electron Ltd.1 | 740,000 | 198,334 |
Vanguard International Semiconductor Corp.1 | 43,674,886 | 142,744 |
Paychex, Inc. | 1,657,000 | 136,288 |
Western Union Company | 4,730,121 | 91,953 |
Intel Corp. | 2,000,000 | 88,560 |
Edenred SA1 | 1,774,774 | 82,872 |
Maxim Integrated Products, Inc. | 960,000 | 66,864 |
Cisco Systems, Inc. | 1,100,000 | 39,490 |
9,835,446 | ||
Financials 9.29% | ||
JPMorgan Chase & Co. | 21,619,000 | 2,119,527 |
CME Group Inc., Class A | 9,740,400 | 1,468,073 |
Zurich Insurance Group AG1 | 1,685,000 | 557,953 |
BlackRock, Inc. | 901,900 | 540,427 |
B3 SA - Brasil, Bolsa, Balcao | 59,544,900 | 529,765 |
PNC Financial Services Group, Inc. | 4,414,500 | 493,894 |
Synchrony Financial | 14,748,551 | 369,009 |
The Blackstone Group Inc., Class A | 7,209,252 | 363,490 |
Progressive Corp. | 3,299,105 | 303,188 |
KeyCorp | 22,857,000 | 296,684 |
Bank of Nova Scotia (CAD denominated) | 7,050,000 | 292,890 |
Citigroup Inc. | 5,770,000 | 238,993 |
Toronto-Dominion Bank (CAD denominated) | 5,062,647 | 223,360 |
Ares Management Corp., Class A | 5,143,000 | 217,549 |
Regions Financial Corp. | 15,865,000 | 211,005 |
Apollo Global Management, Inc., Class A | 5,380,000 | 198,307 |
Truist Financial Corp. | 3,804,000 | 160,224 |
Carlyle Group Inc. | 5,793,649 | 144,378 |
Bank of America Corp. | 5,320,000 | 126,084 |
BB Seguridade Participações SA | 29,094,000 | 120,068 |
Macquarie Group Ltd.1 | 1,282,000 | 114,659 |
Power Corp. of Canada, subordinate voting shares | 5,841,000 | 111,226 |
CIT Group Inc. | 3,420,423 | 100,731 |
Legal & General Group PLC1 | 30,890,000 | 74,264 |
Principal Financial Group, Inc. | 1,500,000 | 58,830 |
Hang Seng Bank Ltd.1 | 3,791,000 | 58,321 |
Sberbank of Russia PJSC (ADR)1 | 5,671,000 | 57,308 |
AXA SA1 | 3,345,000 | 54,039 |
The Income Fund of America — Page 1 of 45
unaudited
Common stocks (continued) Financials (continued) | Shares | Value (000) |
Ping An Insurance (Group) Company of China, Ltd., Class H1 | 4,977,500 | $51,098 |
Manulife Financial Corp. | 3,395,000 | 46,021 |
BOC Hong Kong (Holdings) Ltd.1 | 16,040,000 | 44,510 |
The Bank of N.T. Butterfield & Son Ltd. | 300,000 | 7,938 |
St. James’s Place PLC1 | 466,000 | 5,449 |
AURELIUS Equity Opportunities SE & Co. KGaA, non-registered shares1,2,3 | 150,000 | 2,112 |
9,761,374 | ||
Health care 8.71% | ||
Pfizer Inc. | 57,010,000 | 2,022,715 |
AstraZeneca PLC1 | 16,769,000 | 1,687,919 |
GlaxoSmithKline PLC1 | 61,003,000 | 1,017,787 |
Gilead Sciences, Inc. | 14,386,000 | 836,546 |
Merck & Co., Inc. | 9,220,993 | 693,511 |
Novartis AG1 | 8,712,000 | 679,937 |
Johnson & Johnson | 4,085,000 | 560,094 |
CVS Health Corp. | 8,482,349 | 475,775 |
Bristol-Myers Squibb Co. | 6,955,000 | 406,520 |
Takeda Pharmaceutical Company, Ltd.1 | 5,611,000 | 173,645 |
AbbVie Inc. | 1,792,600 | 152,550 |
Roche Holding AG, nonvoting, non-registered shares1 | 450,000 | 144,457 |
Bayer AG1 | 2,789,000 | 131,074 |
Sanofi1 | 1,419,000 | 128,277 |
Rotech Healthcare Inc.1,2,4,5,6 | 543,172 | 31,504 |
Advanz Pharma Corp. Ltd.2,6 | 961,943 | 4,684 |
Advanz Pharma Corp. Ltd.2 | 223,343 | 1,088 |
9,148,083 | ||
Consumer staples 8.28% | ||
Philip Morris International Inc. | 27,383,500 | 1,944,776 |
Altria Group, Inc. | 30,002,000 | 1,082,472 |
Procter & Gamble Company | 6,514,000 | 893,069 |
General Mills, Inc. | 14,899,500 | 880,859 |
British American Tobacco PLC1 | 26,155,300 | 831,004 |
Coca-Cola Company | 14,386,000 | 691,391 |
Kellogg Co. | 10,740,000 | 675,439 |
Unilever PLC1 | 10,095,000 | 575,617 |
Unilever PLC (ADR)3 | 900,000 | 51,147 |
Nestlé SA1 | 4,237,617 | 476,111 |
Archer Daniels Midland Company | 5,292,000 | 244,702 |
Colgate-Palmolive Company | 1,669,519 | 131,708 |
Conagra Brands, Inc. | 2,548,100 | 89,413 |
Walgreens Boots Alliance, Inc. | 2,186,000 | 74,412 |
Kraft Heinz Company | 1,010,000 | 30,896 |
Anheuser-Busch InBev SA/NV1 | 514,762 | 26,731 |
8,699,747 | ||
Industrials 7.19% | ||
Lockheed Martin Corp. | 4,081,000 | 1,428,880 |
United Parcel Service, Inc., Class B | 5,100,000 | 801,261 |
Emerson Electric Co. | 9,171,070 | 594,194 |
Illinois Tool Works Inc. | 3,016,000 | 590,774 |
PACCAR Inc. | 6,470,200 | 552,426 |
Norfolk Southern Corp. | 2,532,453 | 529,587 |
BAE Systems PLC1 | 98,010,000 | 504,199 |
The Income Fund of America — Page 2 of 45
unaudited
Common stocks (continued) Industrials (continued) | Shares | Value (000) |
Kone OYJ, Class B1 | 6,265,000 | $498,808 |
Honeywell International Inc. | 2,528,500 | 417,076 |
Hubbell Inc. | 2,580,000 | 375,416 |
AB Volvo, Class B1,2 | 19,230,000 | 374,415 |
Raytheon Technologies Corp. | 5,229,000 | 284,039 |
Watsco, Inc. | 565,000 | 126,639 |
Johnson Controls International PLC | 2,833,000 | 119,581 |
ManpowerGroup Inc. | 1,620,000 | 109,949 |
Cummins Inc. | 300,000 | 65,967 |
Caterpillar Inc. | 400,000 | 62,820 |
General Dynamics Corp. | 400,000 | 52,532 |
Associated Materials Group Inc.1,2,4,5 | 8,173,633 | 49,614 |
Coor Service Management Holding AB1,2 | 1,200,000 | 7,729 |
Eaton Corp. PLC | 53,100 | 5,511 |
7,551,417 | ||
Real estate 6.42% | ||
Crown Castle International Corp. REIT | 9,804,955 | 1,531,534 |
Digital Realty Trust, Inc. REIT | 10,449,000 | 1,507,791 |
Gaming and Leisure Properties, Inc. REIT4 | 13,727,471 | 498,994 |
Iron Mountain Inc. REIT4 | 18,660,000 | 486,280 |
Prologis, Inc. REIT | 4,366,000 | 433,107 |
Public Storage REIT | 1,618,500 | 370,750 |
Shimao Group Holdings Ltd.1 | 71,784,000 | 253,402 |
Camden Property Trust REIT | 2,580,285 | 238,005 |
China Overseas Land & Investment Ltd.1 | 83,661,321 | 209,473 |
American Tower Corp. REIT | 842,000 | 193,365 |
Longfor Group Holdings Ltd.1 | 29,723,000 | 162,715 |
Link Real Estate Investment Trust REIT1 | 20,108,733 | 153,554 |
Lamar Advertising Co. REIT, Class A | 2,353,322 | 145,812 |
MGM Growth Properties LLC REIT, Class A | 4,443,000 | 117,517 |
Extra Space Storage Inc. REIT | 983,000 | 113,979 |
CIFI Holdings (Group) Co. Ltd.1 | 155,720,437 | 107,792 |
Simon Property Group, Inc. REIT | 1,693,500 | 106,369 |
Federal Realty Investment Trust REIT | 800,000 | 55,024 |
Equity Residential REIT | 863,800 | 40,581 |
Samhallsbyggnadsbolaget i Norden AB, Class B1 | 3,544,000 | 9,775 |
Brookfield Property Partners LP | 550,000 | 7,639 |
Selvaag Bolig ASA1 | 845,000 | 4,217 |
Shimao Services Holdings Ltd.2 | 1,176,786 | 2,520 |
6,750,195 | ||
Utilities 5.22% | ||
Enel SpA1 | 160,187,535 | 1,275,790 |
DTE Energy Company | 8,560,530 | 1,056,541 |
AES Corp.4 | 37,259,200 | 726,554 |
Brookfield Infrastructure Partners LP4 | 16,233,823 | 694,534 |
Public Service Enterprise Group Inc. | 9,169,000 | 533,177 |
Duke Energy Corp. | 3,910,000 | 360,150 |
American Electric Power Company, Inc. | 2,000,000 | 179,860 |
Dominion Energy, Inc. | 2,070,595 | 166,352 |
National Grid PLC1 | 10,035,000 | 119,440 |
Guangdong Investment Ltd.1 | 76,324,000 | 113,048 |
EDP - Energias de Portugal, SA1 | 14,491,732 | 71,329 |
ContourGlobal PLC1 | 23,572,914 | 59,295 |
The Income Fund of America — Page 3 of 45
unaudited
Common stocks (continued) Utilities (continued) | Shares | Value (000) |
Southern Co. | 1,000,000 | $57,450 |
Xcel Energy Inc. | 598,382 | 41,905 |
SSE PLC1 | 1,694,149 | 27,552 |
Brookfield Infrastructure Corp., Class A, subordinate voting shares3 | 27,778 | 1,516 |
Vistra Corp. | 69,735 | 1,211 |
5,485,704 | ||
Materials 4.17% | ||
Rio Tinto PLC1 | 14,577,600 | 826,098 |
Air Products and Chemicals, Inc. | 2,696,571 | 744,901 |
Dow Inc. | 13,508,000 | 614,479 |
Packaging Corp. of America | 3,801,566 | 435,241 |
LyondellBasell Industries NV | 5,689,000 | 389,412 |
BASF SE1 | 5,500,000 | 301,598 |
Huntsman Corp. | 6,800,000 | 165,172 |
Vale SA, ordinary nominative | 14,920,000 | 157,444 |
Polymetal International PLC1 | 7,203,000 | 153,384 |
WestRock Co. | 4,000,000 | 150,200 |
BHP Group PLC1 | 7,293,800 | 141,557 |
CF Industries Holdings, Inc. | 4,850,000 | 133,908 |
Nucor Corp. | 2,360,000 | 112,714 |
Fortescue Metals Group Ltd.1 | 4,300,000 | 52,723 |
4,378,831 | ||
Consumer discretionary 3.75% | ||
Home Depot, Inc. | 4,423,500 | 1,179,792 |
Target Corp. | 6,355,500 | 967,434 |
Restaurant Brands International Inc. | 8,417,000 | 437,684 |
Darden Restaurants, Inc. | 3,346,000 | 307,564 |
General Motors Company | 7,544,500 | 260,512 |
Las Vegas Sands Corp. | 3,967,000 | 190,654 |
Domino’s Pizza Group PLC1,4 | 30,671,123 | 131,754 |
Industria de Diseño Textil, SA1 | 4,560,000 | 112,836 |
Wynn Macau, Ltd.1,2 | 80,384,000 | 111,073 |
Sands China Ltd.1 | 25,097,800 | 87,965 |
Peugeot SA1,2 | 4,760,000 | 85,623 |
Hasbro, Inc. | 750,000 | 62,040 |
NMG Parent LLC2 | 61,091 | 4,276 |
NMG Parent LLC1,2,5,7 | 6,165 | 302 |
MYT Holding Co., Class B1,2 | 2,070,419 | 1,242 |
3,940,751 | ||
Communication services 3.68% | ||
Verizon Communications Inc. | 32,518,200 | 1,853,212 |
SoftBank Corp.1,3 | 77,981,065 | 905,339 |
Koninklijke KPN NV1,4 | 214,668,139 | 580,203 |
Advanced Info Service PCL, foreign registered1 | 33,110,000 | 183,736 |
HKBN Ltd.1,4 | 66,072,000 | 114,281 |
BCE Inc. (CAD denominated) | 2,442,600 | 98,159 |
TELUS Corp. | 5,670,590 | 96,957 |
Shaw Communications Inc., Class B, nonvoting shares | 2,014,178 | 33,184 |
Cumulus Media Inc., Class A2,3 | 217,442 | 1,100 |
iHeartMedia, Inc., Class A2 | 64,955 | 534 |
The Income Fund of America — Page 4 of 45
unaudited
Common stocks (continued) Communication services (continued) | Shares | Value (000) |
Clear Channel Outdoor Holdings, Inc.2 | 152,827 | $137 |
Adelphia Recovery Trust, Series ACC-11,2,5 | 9,913,675 | 6 |
3,866,848 | ||
Energy 2.14% | ||
Chevron Corp. | 10,063,500 | 699,413 |
TC Energy Corp. (CAD denominated) | 11,560,000 | 455,007 |
BP PLC1 | 95,217,000 | 243,518 |
BP PLC (ADR) | 1,014,660 | 15,707 |
Enbridge Inc. | 6,993,920 | 192,752 |
Valero Energy Corp. | 4,055,000 | 156,564 |
Baker Hughes Co., Class A | 9,655,000 | 142,604 |
Inter Pipeline Ltd.3 | 13,457,680 | 119,799 |
ConocoPhillips | 2,400,000 | 68,688 |
Diamondback Energy, Inc. | 1,852,000 | 48,078 |
Exxon Mobil Corp. | 1,096,000 | 35,752 |
Ascent Resources - Utica, LLC, Class A1,2,4,5,6 | 110,214,618 | 23,145 |
Helmerich & Payne, Inc. | 1,360,000 | 20,223 |
Rattler Midstream LP | 2,859,750 | 16,787 |
Canadian Natural Resources, Ltd. (CAD denominated) | 354,000 | 5,633 |
Tribune Resources, LLC1,2,5 | 3,935,815 | 3,542 |
Denbury Inc.2,7 | 149,477 | 2,480 |
Weatherford International2,3 | 1,172,205 | 2,450 |
Whiting Petroleum Corp.2,3 | 82,807 | 1,209 |
McDermott International, Inc.2 | 156,914 | 267 |
Mesquite Energy, Inc.1,2,5 | 25,913 | 155 |
Tapstone Energy, LLC1,2,5,7 | 66,043 | 1 |
Sable Permian Resources, LLC, unit1,2,5 | 96,515,980 | —8 |
2,253,774 | ||
Total common stocks (cost: $56,426,132,000) | 71,672,170 | |
Preferred securities 0.30% Financials 0.21% | ||
Citigroup Inc., 7.681% preferred shares | 2,245,277 | 61,521 |
Citigroup Inc., Series K, noncumulative, preferred depositary shares | 2,145,767 | 59,523 |
PNC Financial Services Group, Inc., Series P, noncumulative, preferred depositary shares | 2,000,000 | 53,420 |
Goldman Sachs Group, Inc., Series J, 5.50% preferred depositary shares | 1,200,000 | 31,452 |
Wells Fargo & Company, Series Q, Class A, 5.85% noncumulative, preferred depositary shares | 555,913 | 14,393 |
220,309 | ||
Information technology 0.09% | ||
Samsung Electronics Co., Ltd., nonvoting preferred shares1 | 2,140,000 | 94,952 |
Consumer discretionary 0.00% | ||
MYT Holding LLC, preferred shares, Series A2 | 1,683,792 | 1,625 |
Total preferred securities (cost: $283,805,000) | 316,886 | |
Rights & warrants 0.00% Consumer discretionary 0.00% | ||
NMG Parent LLC, warrants, expires 20271,2 | 75,844 | 273 |
The Income Fund of America — Page 5 of 45
unaudited
Rights & warrants (continued) Energy 0.00% | Shares | Value (000) |
McDermott International, Inc., warrants, expire 20271,2 | 663,191 | $3 |
Tribune Resources, LLC, Class A, warrants, expire 20231,2,5 | 1,778,694 | —8 |
Tribune Resources, LLC, Class B, warrants, expire 20231,2,5 | 1,383,428 | —8 |
Tribune Resources, LLC, Class C, warrants, expire 20231,2,5 | 948,600 | —8 |
3 | ||
Total rights & warrants (cost: $1,243,000) | 276 | |
Convertible stocks 1.11% Health care 0.52% | ||
Danaher Corp., Series A, cumulative convertible preferred shares, 4.75% 20224 | 150,000 | 235,484 |
Danaher Corp., Series B, cumulative convertible preferred shares, 5.00% 20234 | 82,100 | 109,541 |
Becton, Dickinson and Co., Series B, convertible preferred shares, 6.00% 2023 | 2,950,000 | 153,636 |
Boston Scientific Corp., Series A, convertible preferred shares, 5.50% 2023 | 449,460 | 46,555 |
545,216 | ||
Utilities 0.23% | ||
NextEra Energy, Inc., units, convertible preferred shares, 5.279% 20234 | 3,420,300 | 169,134 |
DTE Energy Company, convertible preferred units, 6.25% 2022 | 902,600 | 42,945 |
American Electric Power Company, Inc., convertible preferred units, 6.125% 2023 | 600,000 | 32,124 |
244,203 | ||
Information technology 0.17% | ||
Broadcom Inc., Series A, cumulative convertible preferred shares, 8.00% 2022 | 150,000 | 178,498 |
Financials 0.08% | ||
KKR & Co. Inc., Series C, convertible preferred shares, 6.00%4 | 1,693,425 | 88,126 |
88,126 | ||
Consumer discretionary 0.08% | ||
Aptiv PLC, Series A, convertible preferred shares, 5.50% 20234 | 700,288 | 84,315 |
Consumer staples 0.03% | ||
Bunge Ltd., convertible preferred shares, 4.875% | 322,700 | 32,873 |
Total convertible stocks (cost: $1,009,612,000) | 1,173,231 | |
Convertible bonds & notes 0.00% Energy 0.00% | Principal amount (000) | |
Mesquite Energy Inc. 15.00% 20231,5,7 | $ 461 | 461 |
Total convertible bonds & notes (cost: $461,000) | 461 | |
Bonds, notes & other debt instruments 26.63% Corporate bonds, notes & loans 15.01% Financials 2.49% | ||
ACE INA Holdings Inc. 2.30% 2020 | 4,485 | 4,485 |
ACE INA Holdings Inc. 2.875% 2022 | 765 | 800 |
ACE INA Holdings Inc. 3.35% 2026 | 765 | 864 |
Advisor Group Holdings, LLC 6.25% 20287 | 21,370 | 20,889 |
The Income Fund of America — Page 6 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) |
AerCap Holdings NV 4.50% 2023 | $10,000 | $10,392 |
AerCap Holdings NV 6.50% 2025 | 4,315 | 4,753 |
AG Merger Sub II, Inc. 10.75% 20277 | 25,290 | 25,427 |
Alliant Holdings Intermediate, LLC 6.75% 20277 | 22,331 | 23,485 |
Ally Financial Inc. 4.25% 2021 | 21,955 | 22,299 |
Ally Financial Inc. 8.00% 2031 | 13,370 | 18,484 |
Ally Financial Inc. 8.00% 2031 | 4,276 | 5,840 |
American International Group, Inc. 2.50% 2025 | 25,000 | 26,857 |
American International Group, Inc. 3.40% 2030 | 12,000 | 13,380 |
American International Group, Inc. 4.375% 2050 | 10,183 | 12,227 |
AssuredPartners, Inc. 8.00% 20277 | 17,850 | 19,055 |
AXA Equitable Holdings, Inc. 5.00% 2048 | 4,400 | 5,261 |
Bank of America Corp. 5.00% 2021 | 3,500 | 3,587 |
Bank of America Corp. 2.456% 2025 (3-month USD-LIBOR + 0.87% on 10/22/2024)9 | 10,750 | 11,353 |
Bank of America Corp. 1.197% 2026 (USD-SOFR + 1.01% on 10/24/2025)9 | 7,500 | 7,512 |
Bank of America Corp. 1.319% 2026 (USD-SOFR + 1.15% on 6/19/2025)9 | 28,476 | 28,649 |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)9 | 15,943 | 17,729 |
Bank of America Corp. 1.898% 2031 (USD-SOFR + 1.53% on 7/23/2030)9 | 38,982 | 38,512 |
Bank of America Corp. 1.922% 2031 (USD-SOFR + 1.37% on 10/24/2030)9 | 35,346 | 34,960 |
Bank of America Corp. 2.496% 2031 (3-month USD-LIBOR + 0.99% on 2/13/2030)9 | 5,967 | 6,191 |
Bank of Nova Scotia 1.625% 2023 | 8,000 | 8,218 |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 9,020 | 11,307 |
BNP Paribas 2.819% 2025 (3-month USD-LIBOR + 1.111% on 11/19/2024)7,9 | 5,750 | 6,086 |
BNP Paribas 3.375% 20257 | 22,125 | 24,035 |
BNP Paribas 2.219% 2026 (USD-SOFR + 2.074% on 6/9/2025)7,9 | 22,950 | 23,757 |
CIT Group Inc. 3.929% 2024 (USD-SOFR + 3.827% on 6/19/2023)9 | 11,575 | 12,024 |
Citigroup Inc. 3.106% 2026 (USD-SOFR + 2.842% on 3/8/2026)9 | 21,520 | 23,264 |
Citigroup Inc. 4.60% 2026 | 3,875 | 4,469 |
Citigroup Inc. 3.668% 20289 | 2,100 | 2,352 |
Citigroup Inc. 2.976% 2030 (USD-SOFR + 1.422% on 11/5/2029)9 | 7,012 | 7,536 |
Citigroup Inc. 2.572% 2031 (USD-SOFR + 2.107% on 6/3/2030)9 | 43,558 | 45,383 |
Citigroup Inc. 4.412% 2031 (USD-SOFR + 3.914% on 3/31/2030)9 | 8,800 | 10,440 |
Citigroup Inc., Series A, junior subordinated, 5.95% (3-month USD-LIBOR + 4.068% on 1/30/2023)9 | 100 | 104 |
CME Group Inc. 3.75% 2028 | 6,875 | 8,062 |
Commonwealth Bank of Australia 3.35% 2024 | 800 | 874 |
Commonwealth Bank of Australia 3.35% 20247 | 675 | 738 |
Compass Diversified Holdings 8.00% 20267 | 41,728 | 44,023 |
Crédit Agricole SA 1.907% 2026 (USD-SOFR + 1.676% on 6/16/2025)7,9 | 10,675 | 10,946 |
Credit Suisse Group AG 2.997% 2023 (3-month USD-LIBOR + 1.20% on 12/14/2022)7,9 | 4,750 | 4,958 |
Credit Suisse Group AG 3.80% 2023 | 14,925 | 16,064 |
Credit Suisse Group AG 2.593% 2025 (USD-SOFR + 1.56% on 9/11/2024)7,9 | 1,275 | 1,338 |
Credit Suisse Group AG 2.193% 2026 (USD-SOFR + 2.044% on 6/5/2025)7,9 | 13,800 | 14,258 |
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)7,9 | 1,975 | 2,199 |
Credit Suisse Group AG 4.194% 2031 (USD-SOFR + 3.73% on 4/1/2030)7,9 | 10,408 | 11,955 |
Danske Bank AS 3.875% 20237 | 9,604 | 10,332 |
Deutsche Bank AG 3.15% 2021 | 8,452 | 8,494 |
Deutsche Bank AG 3.375% 2021 | 1,825 | 1,846 |
Deutsche Bank AG 4.25% 2021 | 29,900 | 30,139 |
Deutsche Bank AG 4.25% 2021 | 725 | 746 |
Deutsche Bank AG 3.30% 2022 | 460 | 478 |
Deutsche Bank AG 5.00% 2022 | 3,875 | 4,060 |
Deutsche Bank AG 3.95% 2023 | 5,795 | 6,108 |
Deutsche Bank AG 2.222% 2024 (USD-SOFR + 2.159% on 9/18/2023)9 | 21,775 | 22,031 |
Deutsche Bank AG 3.70% 2024 | 9,475 | 10,036 |
The Income Fund of America — Page 7 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) |
Deutsche Bank AG 3.70% 2024 | $3,175 | $3,374 |
Deutsche Bank AG 3.961% 2025 (USD-SOFR + 2.581% on 11/26/2024)9 | 103,236 | 110,481 |
Deutsche Bank AG 4.10% 2026 | 33,123 | 35,648 |
Deutsche Bank AG 4.10% 2026 | 834 | 901 |
Deutsche Bank AG 3.547% 2031 (USD-SOFR + 3.043% on 9/18/2030)9 | 6,450 | 6,518 |
Fairstone Financial Inc. 7.875% 20247 | 14,921 | 15,339 |
FS Energy and Power Fund 7.50% 20237 | 28,615 | 25,613 |
GE Capital Funding, LLC 4.05% 20277 | 12,418 | 13,488 |
GE Capital Funding, LLC 4.40% 20307 | 23,000 | 25,084 |
Goldman Sachs Group, Inc. 5.75% 2022 | 20,000 | 21,293 |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)9 | 10,904 | 11,329 |
Goldman Sachs Group, Inc. 3.272% 2025 (3-month USD-LIBOR + 1.201% on 9/29/2024)9 | 3,279 | 3,557 |
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR + 1.51% on 6/5/2027)9 | 8,000 | 9,018 |
Groupe BPCE SA 5.70% 20237 | 21,170 | 23,771 |
Groupe BPCE SA 5.15% 20247 | 13,815 | 15,512 |
Groupe BPCE SA 1.652% 2026 (USD-SOFR + 1.52% on 10/6/2025)7,9 | 6,925 | 6,977 |
HSBC Holdings PLC 4.25% 2024 | 9,000 | 9,760 |
HSBC Holdings PLC 2.099% 2026 (USD-SOFR + 1.929% on 6/4/2025)9 | 14,000 | 14,312 |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)9 | 5,750 | 6,643 |
HUB International Ltd. 7.00% 20267 | 28,461 | 29,201 |
HUB International Ltd., Term Loan B, (1-month USD-LIBOR + 4.00%) 5.00% 202510,11 | 5,955 | 5,945 |
Icahn Enterprises Finance Corp. 6.25% 2022 | 29,020 | 29,157 |
Icahn Enterprises Finance Corp. 5.25% 2027 | 5,230 | 5,428 |
Intercontinentalexchange, Inc. 2.65% 2040 | 12,025 | 12,098 |
Intesa Sanpaolo SpA 6.50% 20217 | 3,600 | 3,660 |
Intesa Sanpaolo SpA 3.125% 20227 | 11,300 | 11,639 |
Intesa Sanpaolo SpA 3.375% 20237 | 9,360 | 9,747 |
Intesa Sanpaolo SpA 3.25% 20247 | 1,730 | 1,825 |
Intesa Sanpaolo SpA 5.017% 20247 | 149,555 | 157,902 |
Intesa Sanpaolo SpA 5.71% 20267 | 43,165 | 47,045 |
Intesa Sanpaolo SpA 3.875% 20277 | 9,300 | 10,031 |
Intesa Sanpaolo SpA 3.875% 20287 | 2,820 | 3,072 |
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023)9 | 5,400 | 5,786 |
JPMorgan Chase & Co. 3.875% 2024 | 450 | 498 |
JPMorgan Chase & Co. 2.301% 2025 (USD-SOFR + 1.16% on 10/15/2024)9 | 800 | 842 |
JPMorgan Chase & Co. 2.005% 2026 (USD-SOFR + 1.585% on 3/13/2025)9 | 68,031 | 70,635 |
JPMorgan Chase & Co. 2.182% 2028 (USD-SOFR + 1.89% on 6/1/2027)9 | 12,975 | 13,534 |
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 5/1/2027)9 | 1,013 | 1,138 |
JPMorgan Chase & Co. 2.522% 2031 (USD-SOFR + 2.04% on 4/22/2030)9 | 11,988 | 12,649 |
JPMorgan Chase & Co., Series I, junior subordinated, 3.684% (3-month USD-LIBOR + 3.47%)9 | 36,549 | 34,524 |
JPMorgan Chase & Co., Series Z, junior subordinated, 4.051% (3-month USD-LIBOR + 3.80% on 2/1/2021)9 | 30,000 | 29,447 |
JPMorgan Chase & Co., Series S, junior subordinated, 6.75% (3-month USD-LIBOR + 3.78% on 2/1/2024)9 | 25,901 | 28,327 |
Ladder Capital Corp. 4.25% 20277 | 10,834 | 9,398 |
Liberty Mutual Group Inc. 4.25% 20237 | 971 | 1,064 |
Liberty Mutual Group Inc. 4.569% 20297 | 3,429 | 4,140 |
Lloyds Banking Group PLC 4.05% 2023 | 6,000 | 6,519 |
Lloyds Banking Group PLC 4.582% 2025 | 7,000 | 7,772 |
Lloyds Banking Group PLC 2.438% 2026 (UST Yield Curve Rate T Note Constant Maturity 1-year + 1.00% on 2/5/2025)9 | 5,600 | 5,842 |
Lloyds Banking Group PLC 4.375% 2028 | 3,950 | 4,585 |
LPL Financial Holdings Inc. 4.625% 20277 | 30,125 | 30,972 |
The Income Fund of America — Page 8 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) |
MGIC Investment Corp. 5.25% 2028 | $5,075 | $5,224 |
Mitsubishi UFJ Financial Group, Inc. 1.412% 2025 | 11,275 | 11,468 |
Mizuho Financial Group, Ltd. 0.849% 2024 (3-month USD-LIBOR + 0.61% on 9/8/2023)9 | 15,325 | 15,299 |
Mizuho Financial Group, Ltd. 1.979% 2031 (3-month USD-LIBOR + 1.27% on 9/8/2030)9 | 12,000 | 11,861 |
Morgan Stanley 3.70% 2024 | 600 | 667 |
Morgan Stanley 2.699% 2031 (USD-SOFR + 1.143% on 1/22/2030)9 | 16,200 | 17,316 |
MSCI Inc. 5.375% 20277 | 10,775 | 11,529 |
MSCI Inc. 4.00% 20297 | 19,500 | 20,384 |
MSCI Inc. 3.875% 20317 | 12,600 | 13,183 |
National Financial Partners Corp. 6.875% 20287 | 15,185 | 14,748 |
National Rural Utilities Cooperative Finance Corp. 3.70% 2029 | 3,520 | 4,104 |
Nationwide Mutual Insurance Co. (3-month USD-LIBOR + 2.29%) 2.54% 20247,11 | 8,150 | 8,148 |
Navient Corp. 6.50% 2022 | 10,790 | 11,033 |
Navient Corp. 5.50% 2023 | 52,135 | 52,168 |
Navient Corp. 7.25% 2023 | 2,700 | 2,837 |
Navient Corp. 5.875% 2024 | 1,665 | 1,657 |
Navient Corp. 6.125% 2024 | 29,925 | 30,392 |
Navient Corp. 5.00% 2027 | 16,025 | 14,987 |
Navient Corp. 5.625% 2033 | 10,990 | 9,442 |
Owl Rock Capital Corp. 4.625% 20247 | 9,285 | 9,348 |
Owl Rock Capital Corp. 3.75% 2025 | 12,173 | 12,146 |
Owl Rock Capital Corp. 4.00% 2025 | 449 | 450 |
PNC Financial Services Group, Inc. 2.854% 20229 | 8,395 | 8,806 |
PNC Financial Services Group, Inc. 3.90% 2024 | 3,000 | 3,307 |
PNC Financial Services Group, Inc., Series O, junior subordinated, 6.75% (3-month USD-LIBOR + 3.678% on 8/1/2021)9 | 80 | 82 |
Prudential Financial, Inc. 4.35% 2050 | 7,000 | 8,378 |
Prudential Financial, Inc., junior subordinated, 5.625% 2043 (3-month USD-LIBOR + 3.92% on 6/15/2023)9 | 1,850 | 1,975 |
Prudential Financial, Inc., junior subordinated, 5.70% 2048 (3-month USD-LIBOR + 2.665% on 9/15/2028)9 | 4,000 | 4,542 |
Rabobank Nederland 2.75% 2022 | 2,825 | 2,908 |
Rabobank Nederland 4.375% 2025 | 9,000 | 10,188 |
Royal Bank of Canada 3.20% 2021 | 15,850 | 16,080 |
Royal Bank of Canada 1.15% 2025 | 12,367 | 12,580 |
Santander Holdings USA, Inc. 4.45% 2021 | 8,500 | 8,831 |
Santander Holdings USA, Inc. 3.70% 2022 | 10,500 | 10,885 |
Santander Holdings USA, Inc. 3.40% 2023 | 12,500 | 13,127 |
Santander Holdings USA, Inc. 3.50% 2024 | 11,250 | 12,120 |
Springleaf Finance Corp. 6.125% 2024 | 22,825 | 24,022 |
Starwood Property Trust, Inc. 3.625% 2021 | 11,360 | 11,367 |
Starwood Property Trust, Inc. 5.00% 2021 | 30,616 | 30,539 |
Starwood Property Trust, Inc. 5.50% 20237 | 3,810 | 3,781 |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (UST Yield Curve Rate T Note Constant Maturity 5-year + 3.582% on 4/2/2029)7,9 | 3,800 | 4,375 |
Synchrony Financial 2.85% 2022 | 7,075 | 7,302 |
Synchrony Financial 4.375% 2024 | 5,095 | 5,560 |
The Edelman Financial Center LLC, Term Loan, (3-month USD-LIBOR + 6.75%) 6.902% 20261,10,11 | 18,500 | 18,130 |
Toronto-Dominion Bank 0.75% 2025 | 6,575 | 6,541 |
Toronto-Dominion Bank 1.15% 2025 | 28,000 | 28,446 |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 8.00%) 9.00% 202510,11 | 5,509 | 5,215 |
Travelport Finance Luxembourg SARL, Term Loan, (3-month USD-LIBOR + 5.00%) 5.22% 202610,11 | 5,999 | 3,190 |
U.S. Bancorp 3.70% 2024 | 10,000 | 10,955 |
U.S. Bancorp 2.375% 2026 | 6,000 | 6,487 |
UBS Group AG 4.125% 20257 | 4,425 | 5,037 |
The Income Fund of America — Page 9 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Financials (continued) | Principal amount (000) | Value (000) |
UBS Group AG 1.364% 2027 (UST Yield Curve Rate T Note Constant Maturity 5-year + 1.08% on 1/30/2026)7,9 | $4,000 | $3,991 |
UniCredit SpA 3.75% 20227 | 27,048 | 27,998 |
UniCredit SpA 6.572% 20227 | 42,725 | 45,216 |
UniCredit SpA 4.625% 20277 | 1,730 | 1,942 |
UniCredit SpA 5.861% 2032 (5-year USD-ICE Swap + 3.703% on 6/19/2027)7,9 | 35,929 | 37,997 |
UniCredit SpA 7.296% 2034 (5-year USD-ICE Swap + 4.914% on 4/2/2029)7,9 | 21,044 | 24,111 |
UniCredit SpA 5.459% 2035 (5-year USD-ICE Swap + 4.75% on 6/30/2030)7,9 | 1,260 | 1,275 |
Wells Fargo & Company 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027)9 | 281 | 312 |
Wells Fargo & Company 4.60% 2021 | 25,000 | 25,444 |
Wells Fargo & Company 1.654% 2024 (USD-SOFR + 1.60% on 6/2/2023)9 | 16,775 | 17,151 |
Wells Fargo & Company 2.406% 2025 (3-month USD-LIBOR + 0.82% on 10/30/2024)9 | 25,175 | 26,470 |
Wells Fargo & Company 2.164% 2026 (3-month USD-LIBOR + 0.75% on 2/11/2025)9 | 23,636 | 24,569 |
Wells Fargo & Company 2.188% 2026 (USD-SOFR + 2.00% on 4/30/2025)9 | 26,158 | 27,224 |
Wells Fargo & Company 2.393% 2028 (USD-SOFR + 2.10% on 6/2/2027)9 | 11,675 | 12,124 |
Wells Fargo & Company 2.879% 2030 (3-month USD-LIBOR + 1.17% on 10/30/2029)9 | 10,090 | 10,728 |
Wells Fargo & Company 2.572% 2031 (3-month USD-LIBOR + 1.00% on 2/11/2030)9 | 40,804 | 42,546 |
Wells Fargo & Company 5.013% 2051 (3-month USD-LIBOR + 4.24% on 4/4/2050)9 | 12,137 | 16,401 |
Westpac Banking Corp. 2.894% 2030 (UST Yield Curve Rate T Note Constant Maturity 5-year + 1.35% on 2/4/2025)9 | 7,000 | 7,219 |
2,620,556 | ||
Consumer discretionary 2.01% | ||
Adient US LLC 9.00% 20257 | 2,298 | 2,530 |
Allied Universal Holdco LLC 6.625% 20267 | 16,985 | 17,792 |
Allied Universal Holdco LLC 9.75% 20277 | 21,000 | 22,433 |
Amazon.com, Inc. 2.70% 2060 | 8,300 | 8,464 |
Boyd Gaming Corp. 8.625% 20257 | 1,765 | 1,934 |
Boyd Gaming Corp. 4.75% 2027 | 18,340 | 17,874 |
Caesars Entertainment, Inc. 6.25% 20257 | 13,195 | 13,564 |
Caesars Resort Collection, LLC 5.75% 20257 | 5,020 | 5,155 |
Carnival Corp. 11.50% 20237 | 27,245 | 30,145 |
Cedar Fair LP/Canadas Wonderland Co/Magnum Management Corp/Millennium Operations LLC, 5.50% 20257 | 14,400 | 14,598 |
Cedar Fair, LP 5.25% 2029 | 6,275 | 5,705 |
Churchill Downs Inc. 4.75% 20287 | 18,595 | 18,917 |
Cirsa Gaming Corp. SA 7.875% 20237 | 1,770 | 1,615 |
DaimlerChrysler North America Holding Corp. 3.40% 20227 | 850 | 881 |
DaimlerChrysler North America Holding Corp. 1.75% 20237 | 17,000 | 17,359 |
DaimlerChrysler North America Holding Corp. 3.65% 20247 | 9,360 | 10,160 |
DaimlerChrysler North America Holding Corp. 3.30% 20257 | 2,000 | 2,182 |
Dana Inc. 5.625% 2028 | 15,970 | 16,790 |
Ford Motor Co. 8.50% 2023 | 12,074 | 13,346 |
Ford Motor Co. 9.00% 2025 | 4,696 | 5,530 |
Ford Motor Credit Co. 2.343% 2020 | 16,295 | 16,295 |
Ford Motor Credit Co. 3.20% 2021 | 11,630 | 11,652 |
Ford Motor Credit Co. 3.336% 2021 | 10,000 | 10,012 |
Ford Motor Credit Co. 3.47% 2021 | 291 | 292 |
Ford Motor Credit Co. 5.085% 2021 | 1,565 | 1,600 |
Ford Motor Credit Co. 5.875% 2021 | 750 | 767 |
Ford Motor Credit Co. 3.087% 2023 | 81,124 | 80,465 |
Ford Motor Credit Co. 3.096% 2023 | 43,399 | 42,911 |
Ford Motor Credit Co. 4.14% 2023 | 6,025 | 6,085 |
Ford Motor Credit Co. 4.375% 2023 | 17,336 | 17,663 |
The Income Fund of America — Page 10 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) |
Ford Motor Credit Co. 3.664% 2024 | $39,366 | $39,099 |
Ford Motor Credit Co. 3.81% 2024 | 30,836 | 30,838 |
Ford Motor Credit Co. 4.063% 2024 | 10,000 | 10,040 |
Ford Motor Credit Co. 5.584% 2024 | 19,490 | 20,510 |
Ford Motor Credit Co. 5.125% 2025 | 61,935 | 64,632 |
Ford Motor Credit Co. 4.542% 2026 | 5,590 | 5,695 |
Ford Motor Credit Co. 3.815% 2027 | 6,025 | 5,833 |
Ford Motor Credit Co. LLC 4.125% 2027 | 41,335 | 40,767 |
Ford Motor Credit Co. 4.271% 2027 | 40,825 | 40,851 |
Ford Motor Credit Co. 5.113% 2029 | 26,719 | 27,788 |
General Motors Company 5.40% 2023 | 1,066 | 1,180 |
General Motors Company 4.35% 2025 | 6,329 | 6,924 |
General Motors Company 6.125% 2025 | 10,602 | 12,438 |
General Motors Company 6.80% 2027 | 2,330 | 2,862 |
General Motors Company 5.00% 2035 | 11,070 | 12,287 |
General Motors Company 6.60% 2036 | 17,899 | 22,461 |
General Motors Company 6.25% 2043 | 11,362 | 13,947 |
General Motors Company 5.20% 2045 | 9,470 | 10,550 |
General Motors Company 6.75% 2046 | 21,033 | 27,127 |
General Motors Company 5.40% 2048 | 1,150 | 1,310 |
General Motors Company 5.95% 2049 | 19,326 | 23,578 |
General Motors Financial Co. 3.15% 2022 | 75 | 77 |
General Motors Financial Co. 3.45% 2022 | 3,500 | 3,593 |
General Motors Financial Co. 3.55% 2022 | 8,518 | 8,850 |
General Motors Financial Co. 3.25% 2023 | 16,226 | 16,827 |
General Motors Financial Co. 3.70% 2023 | 5,111 | 5,374 |
General Motors Financial Co. 5.20% 2023 | 22,663 | 24,604 |
General Motors Financial Co. 3.50% 2024 | 9,404 | 9,965 |
General Motors Financial Co. 5.10% 2024 | 10,611 | 11,642 |
General Motors Financial Co. 2.75% 2025 | 6,908 | 7,138 |
General Motors Financial Co. 4.00% 2025 | 1,760 | 1,888 |
General Motors Financial Co. 4.30% 2025 | 534 | 583 |
General Motors Financial Co. 4.00% 2026 | 2,000 | 2,172 |
General Motors Financial Co. 5.25% 2026 | 4,938 | 5,631 |
General Motors Financial Co. 2.70% 2027 | 12,000 | 12,118 |
Hanesbrands Inc. 4.625% 20247 | 16,350 | 17,060 |
Hanesbrands Inc. 5.375% 20257 | 7,170 | 7,555 |
Hanesbrands Inc. 4.875% 20267 | 33,027 | 35,761 |
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp., 4.625% 20257 | 7,330 | 7,425 |
Hilton Worldwide Holdings Inc. 5.125% 2026 | 7,150 | 7,265 |
Hilton Worldwide Holdings Inc. 4.875% 2030 | 16,185 | 16,681 |
Home Depot, Inc. 3.90% 2028 | 1,150 | 1,368 |
Home Depot, Inc. 2.95% 2029 | 10,700 | 12,031 |
Home Depot, Inc. 5.95% 2041 | 12,500 | 18,758 |
Home Depot, Inc. 4.50% 2048 | 601 | 798 |
Hyundai Capital America 3.45% 20217 | 21,325 | 21,526 |
Hyundai Capital America 3.75% 20217 | 5,000 | 5,096 |
Hyundai Capital America 2.85% 20227 | 8,235 | 8,525 |
Hyundai Capital America 3.10% 20227 | 9,720 | 10,012 |
Hyundai Capital America 3.25% 20227 | 11,817 | 12,307 |
Hyundai Capital America 3.95% 20227 | 8,000 | 8,294 |
Hyundai Capital America 1.25% 20237 | 7,561 | 7,585 |
Hyundai Capital America 2.375% 20237 | 21,815 | 22,453 |
Hyundai Capital America 5.75% 20237 | 5,000 | 5,545 |
The Income Fund of America — Page 11 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) |
Hyundai Capital America 1.80% 20257 | $1,871 | $1,868 |
Hyundai Capital America 2.65% 20257 | 28,554 | 29,517 |
Hyundai Capital America 5.875% 20257 | 5,000 | 5,828 |
Hyundai Capital America 2.375% 20277 | 1,169 | 1,179 |
Hyundai Capital America 3.00% 20277 | 22,765 | 23,779 |
International Game Technology PLC 6.25% 20227 | 2,888 | 2,962 |
International Game Technology PLC 6.50% 20257 | 19,030 | 20,410 |
International Game Technology PLC 5.25% 20297 | 9,725 | 9,643 |
Levi Strauss & Co. 5.00% 2025 | 9,130 | 9,370 |
Limited Brands, Inc. 6.625% 20307 | 5,815 | 6,117 |
Lithia Motors, Inc. 4.375% 20317 | 4,475 | 4,629 |
Magna International Inc. 2.45% 2030 | 15,825 | 16,616 |
Mattel, Inc. 6.75% 20257 | 12,825 | 13,502 |
Melco International Development Ltd. 5.75% 20287 | 21,340 | 21,292 |
Merlin Entertainment 5.75% 20267 | 6,910 | 6,382 |
MGM Growth Properties LLC 4.625% 20257 | 10,995 | 11,209 |
MGM Resorts International 7.75% 2022 | 32,150 | 33,828 |
MGM Resorts International 6.00% 2023 | 10,385 | 10,787 |
MGM Resorts International 5.50% 2027 | 6,617 | 6,690 |
MYT Holding LLC 7.50% 20257,12 | 4,790 | 4,790 |
Neiman Marcus Group Ltd LLC, Term Loan (3-month USD-LIBOR + 12.00%) 13.00% 202510,11 | 6,587 | 6,875 |
Newell Rubbermaid Inc. 4.35% 2023 | 24,321 | 25,415 |
Newell Rubbermaid Inc. 4.875% 2025 | 6,570 | 7,122 |
Newell Rubbermaid Inc. 4.70% 2026 | 35,797 | 38,175 |
Newell Rubbermaid Inc. 5.875% 20369 | 1,010 | 1,187 |
Nissan Motor Co., Ltd. 2.60% 20227 | 9,910 | 10,023 |
NMG Finco PLC 5.75% 20227 | 7,575 | 6,988 |
Panther BF Aggregator 2, LP 6.25% 20267 | 11,992 | 12,547 |
Panther BF Aggregator 2, LP 8.50% 20277 | 17,985 | 18,791 |
PetSmart, Inc. 7.125% 20237 | 74,190 | 73,355 |
PetSmart, Inc. 5.875% 20257 | 19,700 | 20,032 |
PetSmart, Inc. 8.875% 20257 | 48,370 | 48,672 |
PetSmart, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 4.00% 202210,11 | 23,089 | 22,887 |
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 | 1,350 | 1,351 |
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 | 24,705 | 24,538 |
Sally Holdings LLC and Sally Capital Inc. 8.75% 20257 | 10,311 | 11,355 |
Sands China Ltd. 3.80% 20267 | 8,325 | 8,548 |
Scientific Games Corp. 5.00% 20257 | 13,667 | 13,735 |
Scientific Games Corp. 8.625% 20257 | 32,820 | 34,163 |
Scientific Games Corp. 8.25% 20267 | 41,025 | 41,608 |
Scientific Games Corp. 7.00% 20287 | 10,994 | 10,939 |
Scientific Games Corp. 7.25% 20297 | 16,910 | 16,802 |
Six Flags Entertainment Corp. 4.875% 20247 | 33,965 | 31,617 |
Six Flags Theme Parks Inc. 7.00% 20257 | 3,500 | 3,712 |
Staples, Inc. 7.50% 20267 | 15,915 | 14,907 |
Starbucks Corp. 3.50% 2050 | 1,400 | 1,490 |
Toyota Motor Credit Corp. 3.05% 2028 | 4,050 | 4,502 |
Vail Resorts, Inc. 6.25% 20257 | 6,270 | 6,591 |
VICI Properties LP 4.25% 20267 | 3,660 | 3,727 |
VICI Properties LP 4.625% 20297 | 6,465 | 6,728 |
VICI Properties LP / VICI Note Co. Inc. 3.50% 20257 | 4,085 | 4,082 |
VICI Properties LP / VICI Note Co. Inc. 3.75% 20277 | 8,450 | 8,486 |
VICI Properties LP / VICI Note Co. Inc. 4.125% 20307 | 22,740 | 23,053 |
Volkswagen Group of America Finance, LLC 4.00% 20217 | 2,750 | 2,847 |
The Income Fund of America — Page 12 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) |
Volkswagen Group of America Finance, LLC 2.70% 20227 | $9,202 | $9,543 |
Volkswagen Group of America Finance, LLC 2.90% 20227 | 4,860 | 5,020 |
Volkswagen Group of America Finance, LLC 3.125% 20237 | 5,911 | 6,253 |
Volkswagen Group of America Finance, LLC 4.25% 20237 | 9,365 | 10,295 |
Volkswagen Group of America Finance, LLC 2.85% 20247 | 4,870 | 5,185 |
Volkswagen Group of America Finance, LLC 3.35% 20257 | 6,326 | 6,884 |
Volkswagen Group of America Finance, LLC 4.625% 20257 | 8,601 | 9,956 |
Volkswagen Group of America Finance, LLC 3.20% 20267 | 8,003 | 8,742 |
Volkswagen Group of America Finance, LLC 4.75% 20287 | 2,000 | 2,390 |
Wyndham Worldwide Corp. 5.375% 20267 | 14,745 | 14,957 |
Wyndham Worldwide Corp. 4.375% 20287 | 5,320 | 5,298 |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20237 | 20,978 | 20,047 |
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 20277 | 6,715 | 6,221 |
Wynn Resorts Ltd. 7.75% 20257 | 13,805 | 14,543 |
Wynn Resorts Ltd. 5.125% 20297 | 8,304 | 7,961 |
2,112,483 | ||
Energy 1.94% | ||
American Energy-Permian Basin, LLC / AEPB Finance Corp. 12.00% 20247,13 | 11,484 | 287 |
Antero Resources Corp. 5.75% 20287 | 2,488 | 2,220 |
Apache Corp. 4.625% 2025 | 6,905 | 6,568 |
Apache Corp. 4.875% 2027 | 35,590 | 33,455 |
Apache Corp. 4.375% 2028 | 21,339 | 19,645 |
Apache Corp. 4.25% 2030 | 4,870 | 4,313 |
Apache Corp. 6.00% 2037 | 3,565 | 3,378 |
Apache Corp. 4.75% 2043 | 4,600 | 4,083 |
Apache Corp. 4.25% 2044 | 4,600 | 3,910 |
Apache Corp. 5.35% 2049 | 28,900 | 25,215 |
Ascent Resources - Utica LLC 7.00% 20267 | 5,715 | 5,066 |
Ascent Resources - Utica LLC 9.00% 20277 | 959 | 935 |
Ascent Resources - Utica LLC, Term Loan, (3-month USD-LIBOR + 9.00%) 9.233% 20257,10,11 | 1,827 | 1,937 |
Baker Hughes, a GE Co. 4.486% 2030 | 4,895 | 5,556 |
BP Capital Markets America Inc. 2.772% 2050 | 13,465 | 12,107 |
BP Capital Markets PLC 3.00% 2050 | 4,660 | 4,388 |
California Resources Corp., Term Loan B, (3-month USD-LIBOR + 4.75%) 6.363% 202210,11,13 | 5,750 | 2,214 |
Canadian Natural Resources Ltd. 2.95% 2023 | 7,155 | 7,420 |
Canadian Natural Resources Ltd. 2.05% 2025 | 9,240 | 9,353 |
Canadian Natural Resources Ltd. 3.85% 2027 | 2,760 | 2,919 |
Canadian Natural Resources Ltd. 2.95% 2030 | 13,774 | 13,508 |
Canadian Natural Resources Ltd. 4.95% 2047 | 4,287 | 4,541 |
Cenovus Energy Inc. 3.00% 2022 | 946 | 937 |
Cenovus Energy Inc. 3.80% 2023 | 18,345 | 18,642 |
Cenovus Energy Inc. 5.375% 2025 | 4,220 | 4,451 |
Cenovus Energy Inc. 4.25% 2027 | 46,025 | 46,856 |
Cenovus Energy Inc. 5.25% 2037 | 4,770 | 4,659 |
Cenovus Energy Inc. 6.75% 2039 | 1,775 | 1,970 |
Cenovus Energy Inc. 5.40% 2047 | 9,218 | 9,091 |
Centennial Resource Production, LLC 6.875% 20277 | 2,615 | 969 |
Cheniere Energy Partners, LP 5.625% 2026 | 8,900 | 9,138 |
Cheniere Energy Partners, LP 4.50% 2029 | 22,421 | 22,892 |
Cheniere Energy, Inc. 5.125% 2027 | 31,000 | 34,754 |
Cheniere Energy, Inc. 4.625% 20287 | 34,945 | 36,124 |
Chesapeake Energy Corp. 4.875% 202213 | 28,085 | 1,685 |
Chesapeake Energy Corp. 11.50% 20257,13 | 28,002 | 4,172 |
The Income Fund of America — Page 13 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) |
Chesapeake Energy Corp., Term Loan, (3-month USD-LIBOR + 8.00%) 8.223% 202410,11,13 | $26,328 | $19,592 |
Chevron Corp. 1.995% 2027 | 3,947 | 4,144 |
Chevron Corp. 3.078% 2050 | 2,629 | 2,720 |
Chevron USA Inc. 1.018% 2027 | 4,823 | 4,767 |
Chevron USA Inc. 2.343% 2050 | 3,039 | 2,755 |
CNX Resources Corp. 7.25% 20277 | 14,250 | 15,052 |
Comstock Resources, Inc. 9.75% 2026 | 11,022 | 11,628 |
Comstock Resources, Inc. 9.75% 2026 | 6,885 | 7,264 |
Concho Resources Inc. 4.30% 2028 | 14,440 | 16,572 |
Convey Park Energy LLC 7.50% 20257 | 5,555 | 5,528 |
DCP Midstream Operating LP 4.95% 2022 | 14,735 | 15,008 |
Diamond Offshore Drilling, Inc. 7.875% 202513 | 2,650 | 186 |
Diamond Offshore Drilling, Inc. 4.875% 204313 | 52,991 | 3,709 |
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 | 33,265 | 35,132 |
Enbridge Energy Partners, LP 5.875% 2025 | 2,545 | 3,040 |
Enbridge Energy Partners, LP 5.50% 2040 | 1,200 | 1,411 |
Enbridge Energy Partners, LP 7.375% 2045 | 18,914 | 27,420 |
Enbridge Energy Partners, LP, Series B, 7.50% 2038 | 6,000 | 8,245 |
Enbridge Inc. 4.00% 2023 | 5,830 | 6,305 |
Enbridge Inc. 2.50% 2025 | 3,500 | 3,656 |
ENCANA CORP 6.50% 2034 | 7,975 | 7,485 |
Endeavor Energy Resources, LP 6.625% 20257 | 9,125 | 9,481 |
Energy Transfer Operating, LP 5.875% 2024 | 629 | 688 |
Energy Transfer Operating, LP 2.90% 2025 | 9,203 | 9,270 |
Energy Transfer Operating, LP 3.75% 2030 | 16,115 | 15,817 |
Energy Transfer Operating, LP 5.00% 2050 | 60,911 | 56,849 |
Energy Transfer Partners, LP 4.50% 2024 | 2,170 | 2,304 |
Energy Transfer Partners, LP 4.75% 2026 | 8,000 | 8,576 |
Energy Transfer Partners, LP 4.20% 2027 | 7,263 | 7,558 |
Energy Transfer Partners, LP 4.95% 2028 | 9,400 | 10,098 |
Energy Transfer Partners, LP 6.125% 2045 | 7,449 | 7,572 |
Energy Transfer Partners, LP 5.30% 2047 | 8,944 | 8,522 |
Energy Transfer Partners, LP 6.00% 2048 | 8,153 | 8,334 |
Energy Transfer Partners, LP 6.25% 2049 | 5,891 | 6,213 |
Enterprise Products Operating LLC 3.20% 2052 | 1,212 | 1,124 |
EQM Midstream Partners, LP 4.125% 2026 | 3,036 | 2,868 |
EQM Midstream Partners, LP 6.50% 20277 | 20,680 | 21,718 |
EQM Midstream Partners, LP 5.50% 2028 | 11,440 | 11,610 |
EQT Corp. 3.00% 2022 | 35,175 | 35,186 |
EQT Corp. 7.875% 2025 | 22,569 | 25,140 |
EQT Corp. 5.00% 2029 | 2,485 | 2,485 |
EQT Corp. 8.75% 2030 | 4,885 | 6,076 |
Equinor ASA 1.75% 2026 | 6,967 | 7,235 |
Equinor ASA 3.625% 2028 | 5,265 | 6,090 |
Equinor ASA 3.25% 2049 | 7,583 | 7,773 |
Extraction Oil & Gas, Inc. 7.375% 20247,13 | 2,360 | 581 |
Extraction Oil & Gas, Inc. 5.625% 20267,13 | 18,300 | 4,510 |
Exxon Mobil Corp. 2.44% 2029 | 4,315 | 4,584 |
Exxon Mobil Corp. 2.61% 2030 | 5,000 | 5,310 |
Exxon Mobil Corp. 3.452% 2051 | 15,982 | 16,937 |
Genesis Energy, LP 5.625% 2024 | 2,890 | 2,491 |
Genesis Energy, LP 6.50% 2025 | 14,779 | 12,294 |
Harvest Midstream I, LP 7.50% 20287 | 7,575 | 7,537 |
Hess Midstream Partners LP 5.125% 20287 | 5,185 | 5,164 |
The Income Fund of America — Page 14 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) |
Jonah Energy LLC 7.25% 20257 | $15,680 | $588 |
Kinder Morgan Energy Partners, LP 5.00% 2043 | 20,000 | 22,054 |
Kinder Morgan, Inc. 4.30% 2028 | 20,098 | 22,719 |
Matador Resources Co. 5.875% 2026 | 3,265 | 2,632 |
MPLX LP 1.75% 2026 | 6,500 | 6,472 |
MPLX LP 2.65% 2030 | 11,897 | 11,465 |
MPLX LP 5.50% 2049 | 8,324 | 9,204 |
Murphy Oil Corp. 5.875% 2027 | 4,950 | 3,911 |
Nabors Industries Inc. 5.75% 2025 | 2,625 | 701 |
New Fortress Energy Inc. 6.75% 20257 | 11,760 | 12,149 |
NGL Energy Partners LP 7.50% 2023 | 12,455 | 6,744 |
NGL Energy Partners LP 6.125% 2025 | 34,593 | 17,383 |
Noble Energy, Inc. 3.25% 2029 | 5,600 | 6,201 |
Noble Energy, Inc. 4.95% 2047 | 7,462 | 9,756 |
Noble Energy, Inc. 4.20% 2049 | 3,531 | 4,171 |
NuStar Logistics, LP 6.75% 20217 | 3,815 | 3,862 |
NuStar Logistics, LP 6.00% 2026 | 11,725 | 11,599 |
Oasis Petroleum Inc. 6.875% 202213 | 30,552 | 6,065 |
Oasis Petroleum Inc. 6.25% 20267 | 1,730 | 381 |
Occidental Petroleum Corp. 2.70% 2022 | 2,075 | 1,922 |
Occidental Petroleum Corp. 3.125% 2022 | 7,415 | 7,063 |
Occidental Petroleum Corp. 2.70% 2023 | 12,662 | 11,356 |
Occidental Petroleum Corp. 2.90% 2024 | 24,427 | 20,372 |
Occidental Petroleum Corp. 5.875% 2025 | 20,220 | 17,824 |
Occidental Petroleum Corp. 8.00% 2025 | 22,050 | 21,540 |
Occidental Petroleum Corp. 8.50% 2027 | 13,000 | 12,439 |
Occidental Petroleum Corp. 6.375% 2028 | 26,177 | 22,954 |
Occidental Petroleum Corp. 3.50% 2029 | 4,530 | 3,275 |
Occidental Petroleum Corp. 6.625% 2030 | 11,445 | 10,046 |
Occidental Petroleum Corp. 8.875% 2030 | 34,900 | 34,224 |
Occidental Petroleum Corp. 6.45% 2036 | 1,095 | 889 |
Occidental Petroleum Corp. 6.60% 2046 | 2,000 | 1,660 |
ONEOK, Inc. 2.20% 2025 | 413 | 407 |
ONEOK, Inc. 5.85% 2026 | 16,293 | 18,522 |
ONEOK, Inc. 3.10% 2030 | 1,154 | 1,108 |
ONEOK, Inc. 6.35% 2031 | 7,405 | 8,589 |
ONEOK, Inc. 5.20% 2048 | 5,652 | 5,562 |
ONEOK, Inc. 4.50% 2050 | 2,530 | 2,243 |
ONEOK, Inc. 7.15% 2051 | 3,048 | 3,565 |
Parsley Energy, Inc. 5.25% 20257 | 1,766 | 1,823 |
Peabody Energy Corp. 6.00% 20227 | 20,500 | 9,417 |
Petrobras Global Finance Co. 6.90% 2049 | 5,580 | 6,323 |
Petrobras Global Finance Co. 6.75% 2050 | 24,290 | 26,687 |
Petróleos Mexicanos 5.50% 2021 | 3,360 | 3,374 |
Petróleos Mexicanos 6.375% 2021 | 5,000 | 5,066 |
Petróleos Mexicanos 4.875% 2022 | 6,245 | 6,326 |
Petróleos Mexicanos 5.375% 2022 | 4,165 | 4,228 |
Petróleos Mexicanos 3.50% 2023 | 3,325 | 3,261 |
Petróleos Mexicanos 4.625% 2023 | 4,243 | 4,200 |
Petróleos Mexicanos 6.875% 20257 | 9,955 | 9,855 |
Petróleos Mexicanos 6.875% 2026 | 77,241 | 74,337 |
Petróleos Mexicanos 6.50% 2027 | 72,935 | 67,913 |
Plains All American Pipeline, LP 3.80% 2030 | 1,361 | 1,316 |
QEP Resources, Inc. 5.375% 2022 | 6,340 | 5,591 |
The Income Fund of America — Page 15 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) |
QEP Resources, Inc. 5.625% 2026 | $8,193 | $5,219 |
Range Resources Corp. 4.875% 2025 | 2,375 | 2,213 |
Rattler Midstream Partners LP 5.625% 20257 | 4,800 | 4,941 |
Rockies Express Pipeline LLC 4.95% 20297 | 11,768 | 11,484 |
Sabine Pass Liquefaction, LLC 5.625% 20239 | 9,500 | 10,381 |
Sabine Pass Liquefaction, LLC 5.75% 2024 | 10,000 | 11,266 |
Sabine Pass Liquefaction, LLC 5.625% 2025 | 6,445 | 7,383 |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 2,100 | 2,469 |
Sabine Pass Liquefaction, LLC 4.50% 20307 | 24,811 | 27,767 |
Sanchez Energy Corp. 7.25% 20237,13 | 5,374 | 54 |
Saudi Arabian Oil Co. 2.875% 20247 | 10,672 | 11,195 |
Saudi Arabian Oil Co. 3.50% 20297 | 43,503 | 48,013 |
SM Energy Co. 5.625% 2025 | 4,470 | 1,772 |
SM Energy Co. 6.75% 2026 | 880 | 342 |
SM Energy Co. 6.625% 2027 | 3,875 | 1,464 |
Southwestern Energy Co. 6.45% 20259 | 23,155 | 23,242 |
Southwestern Energy Co. 7.50% 2026 | 12,000 | 12,232 |
Southwestern Energy Co. 8.375% 2028 | 7,640 | 7,998 |
Statoil ASA 2.75% 2021 | 3,085 | 3,162 |
Statoil ASA 3.25% 2024 | 850 | 933 |
Statoil ASA 4.25% 2041 | 3,000 | 3,557 |
Suncor Energy Inc. 3.10% 2025 | 6,146 | 6,570 |
Sunoco Logistics Operating Partners, LP 4.00% 2027 | 5,586 | 5,712 |
Sunoco Logistics Operating Partners, LP 5.40% 2047 | 14,364 | 13,862 |
Sunoco LP 5.50% 2026 | 1,665 | 1,674 |
Sunoco LP 6.00% 2027 | 12,160 | 12,585 |
Sunoco LP 5.875% 2028 | 12,700 | 13,221 |
Tallgrass Energy Partners, LP 7.50% 20257 | 4,800 | 4,857 |
Tapstone Energy, Term Loan, (3-month USD-LIBOR + 4.00%) 4.741% 20241,5,10,11 | 50 | 26 |
Targa Resources Partners LP 5.875% 2026 | 5,125 | 5,237 |
Targa Resources Partners LP 6.50% 2027 | 4,740 | 4,977 |
Targa Resources Partners LP 6.875% 2029 | 9,385 | 10,083 |
Targa Resources Partners LP 5.50% 20307 | 12,700 | 12,787 |
Targa Resources Partners LP 4.875% 20317 | 4,680 | 4,574 |
Teekay Corp. 9.25% 20227 | 21,750 | 20,943 |
Teekay Offshore Partners LP 8.50% 20237 | 14,275 | 12,100 |
Total Capital International 3.127% 2050 | 23,800 | 23,903 |
Total SE 2.986% 2041 | 25,034 | 25,647 |
Total SE 3.386% 2060 | 12,100 | 12,303 |
TransCanada PipeLines Ltd. 4.10% 2030 | 5,254 | 5,963 |
Transcontinental Gas Pipe Line Company, LLC 3.95% 20507 | 4,675 | 4,773 |
Transocean Guardian Ltd. 5.875% 20247 | 8,467 | 5,186 |
Transocean Inc. 6.125% 20257 | 4,772 | 4,214 |
Transocean Poseidon Ltd. 6.875% 20277 | 8,235 | 6,197 |
Valero Energy Corp. 4.00% 2029 | 6,000 | 6,260 |
Vine Oil & Gas LP 8.75% 20237 | 9,650 | 7,238 |
Weatherford International PLC 8.75% 20247 | 15,715 | 15,381 |
Weatherford International PLC 11.00% 20247 | 43,051 | 25,578 |
Western Gas Partners LP 4.50% 2028 | 19,625 | 18,251 |
Western Midstream Operating, LP 3.10% 2025 | 1,628 | 1,536 |
Williams Companies, Inc. 3.50% 2030 | 15,272 | 16,407 |
The Income Fund of America — Page 16 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Energy (continued) | Principal amount (000) | Value (000) |
Woodside Finance Ltd. 4.60% 20217 | $14,435 | $14,583 |
WPX Energy, Inc. 4.50% 2030 | 17,590 | 16,913 |
2,038,934 | ||
Health care 1.93% | ||
Abbott Laboratories 3.75% 2026 | 3,539 | 4,111 |
AbbVie Inc. 3.45% 20227 | 8,300 | 8,593 |
AbbVie Inc. 2.60% 20247 | 6,000 | 6,388 |
AbbVie Inc. 2.95% 20267 | 2,890 | 3,158 |
AbbVie Inc. 4.55% 20357 | 6,750 | 8,117 |
AbbVie Inc. 4.30% 2036 | 1,003 | 1,175 |
AbbVie Inc. 4.75% 20457 | 1,203 | 1,471 |
AdaptHealth, LLC 6.125% 20287 | 1,720 | 1,791 |
Amgen Inc. 2.20% 2027 | 2,915 | 3,067 |
Anthem, Inc. 2.375% 2025 | 2,046 | 2,171 |
AstraZeneca PLC 3.375% 2025 | 4,500 | 5,050 |
Auris Luxembourg III SARL, Term Loan, (3-month USD-LIBOR + 3.75%) 3.898% 202610,11 | 21,155 | 19,806 |
Avantor Funding, Inc. 4.625% 20287 | 18,470 | 19,162 |
Avantor, Inc. 6.00% 20247 | 11,675 | 12,202 |
Bausch Health Companies Inc. 9.25% 20267 | 7,650 | 8,444 |
Bausch Health Companies Inc. 5.00% 20287 | 17,655 | 17,472 |
Bausch Health Companies Inc. 7.00% 20287 | 9,470 | 10,054 |
Bayer US Finance II LLC 3.875% 20237 | 11,375 | 12,398 |
Bayer US Finance II LLC 4.25% 20257 | 20,143 | 22,916 |
Bayer US Finance II LLC 4.40% 20447 | 13,090 | 14,457 |
Becton, Dickinson and Company 3.70% 2027 | 6,000 | 6,795 |
Boston Scientific Corp. 1.90% 2025 | 9,109 | 9,479 |
Boston Scientific Corp. 3.85% 2025 | 2,543 | 2,878 |
Bristol-Myers Squibb Company 2.90% 2024 | 830 | 896 |
Catalent Pharma Solutions Inc. 5.00% 20277 | 1,407 | 1,469 |
Centene Corp. 4.75% 2025 | 23,010 | 23,672 |
Centene Corp. 4.75% 2025 | 4,050 | 4,166 |
Centene Corp. 5.375% 20267 | 6,740 | 7,100 |
Centene Corp. 4.25% 2027 | 51,990 | 54,840 |
Centene Corp. 4.625% 2029 | 62,900 | 68,563 |
Centene Corp. 3.00% 2030 | 18,600 | 19,338 |
Centene Corp. 3.375% 2030 | 29,100 | 30,271 |
Charles River Laboratories International, Inc. 5.50% 20267 | 11,360 | 11,893 |
Charles River Laboratories International, Inc. 4.25% 20287 | 13,815 | 14,460 |
Cigna Corp. 4.80% 2038 | 3,830 | 4,753 |
Eli Lilly and Co. 3.375% 2029 | 3,330 | 3,841 |
Encompass Health Corp. 4.50% 2028 | 19,701 | 20,209 |
Encompass Health Corp. 4.75% 2030 | 16,040 | 16,735 |
Encompass Health Corp. 4.625% 2031 | 4,205 | 4,336 |
Endo Dac/ Endo Finance LLC/ Endo Finco, 9.50% 20277 | 21,012 | 22,579 |
Endo Dac/ Endo Finance LLC/ Endo Finco, 6.00% 20287 | 3,502 | 2,709 |
Endo International PLC 5.75% 20227 | 35,321 | 33,511 |
GlaxoSmithKline PLC 3.625% 2025 | 5,915 | 6,632 |
HCA Inc. 5.875% 2023 | 8,325 | 9,045 |
HCA Inc. 5.375% 2025 | 3,530 | 3,914 |
HCA Inc. 5.375% 2026 | 6,680 | 7,519 |
HCA Inc. 5.875% 2026 | 13,870 | 15,690 |
HCA Inc. 5.625% 2028 | 15,390 | 17,941 |
HCA Inc. 3.50% 2030 | 9,300 | 9,510 |
The Income Fund of America — Page 17 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) |
HealthSouth Corp. 5.75% 2024 | $8,960 | $8,960 |
HealthSouth Corp. 5.75% 2025 | 12,472 | 12,909 |
IMS Health Holdings, Inc. 5.00% 20267 | 24,700 | 25,645 |
Iqvia Inc. 5.00% 20277 | 8,320 | 8,732 |
Jaguar Holding Co. II 4.625% 20257 | 5,145 | 5,323 |
Jaguar Holding Co. II 5.00% 20287 | 7,050 | 7,357 |
Mallinckrodt PLC 10.00% 20257 | 79,460 | 86,611 |
Molina Healthcare, Inc. 5.375% 2022 | 44,040 | 45,847 |
Molina Healthcare, Inc. 4.875% 20257 | 23,879 | 24,444 |
Molina Healthcare, Inc. 4.375% 20287 | 4,840 | 4,966 |
Mylan Laboratories Inc. 3.15% 2021 | 1,500 | 1,522 |
Novartis Capital Corp. 2.00% 2027 | 3,090 | 3,250 |
Owens & Minor, Inc. 3.875% 2021 | 37,776 | 38,055 |
Owens & Minor, Inc. 4.375% 2024 | 19,654 | 19,691 |
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 4.649% 202510,11 | 10,785 | 10,637 |
Par Pharmaceutical Inc. 7.50% 20277 | 44,182 | 46,891 |
PAREXEL International Corp. 6.375% 20257 | 12,305 | 12,513 |
Pfizer Inc. 3.45% 2029 | 9,000 | 10,462 |
Prime Healthcare Services, Inc. 7.25% 20257 | 6,115 | 6,170 |
Radiology Partners, Inc. 9.25% 20287 | 16,555 | 17,689 |
Rede D’Or Finance Sarl 4.95% 2028 | 1,820 | 1,877 |
Rede D’Or Finance Sarl 4.50% 2030 | 10,840 | 10,677 |
Regeneron Pharmaceuticals, Inc. 2.80% 2050 | 5,114 | 4,802 |
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.00% 2023 (100% PIK)1,5,10,11,12 | 26,267 | 26,530 |
Select Medical Holdings Corp. 6.25% 20267 | 18,853 | 19,919 |
Shire PLC 2.40% 2021 | 2,988 | 3,037 |
Shire PLC 2.875% 2023 | 4,425 | 4,696 |
Sotera Health Holdings LLC, Term Loan, (3-months USD-LIBOR + 4.50%) 5.50% 202610,11 | 14,801 | 14,782 |
Surgery Center Holdings 10.00% 20277 | 8,950 | 9,571 |
Takeda Pharmaceutical Company, Ltd. 4.40% 2023 | 12,910 | 14,333 |
Takeda Pharmaceutical Company, Ltd. 2.05% 2030 | 4,259 | 4,287 |
Takeda Pharmaceutical Company, Ltd. 3.025% 2040 | 3,993 | 4,103 |
Team Health Holdings, Inc. 6.375% 20257 | 44,390 | 27,553 |
Team Health Holdings, Inc., Term Loan B, 3.75% 202410,11 | 8,643 | 7,066 |
Tenet Healthcare Corp. 4.625% 2024 | 22,866 | 23,275 |
Tenet Healthcare Corp. 4.875% 20267 | 84,580 | 85,905 |
Tenet Healthcare Corp. 5.125% 20277 | 2,895 | 2,988 |
Teva Pharmaceutical Finance Co. BV 2.20% 2021 | 4,593 | 4,530 |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 142,097 | 135,029 |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 109,417 | 110,292 |
Teva Pharmaceutical Finance Co. BV 7.125% 2025 | 30,880 | 32,061 |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 46,895 | 41,356 |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 192,275 | 202,312 |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 66,410 | 55,367 |
UnitedHealth Group Inc. 4.45% 2048 | 5,000 | 6,622 |
Upjohn Inc. 2.30% 20277 | 2,447 | 2,532 |
Upjohn Inc. 3.85% 20407 | 4,111 | 4,421 |
Upjohn Inc. 4.00% 20507 | 5,968 | 6,280 |
Valeant Pharmaceuticals International, Inc. 5.875% 20237 | 589 | 588 |
Valeant Pharmaceuticals International, Inc. 5.50% 20257 | 13,550 | 13,933 |
Valeant Pharmaceuticals International, Inc. 6.125% 20257 | 93,162 | 95,864 |
Valeant Pharmaceuticals International, Inc. 9.00% 20257 | 16,475 | 18,043 |
The Income Fund of America — Page 18 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Health care (continued) | Principal amount (000) | Value (000) |
Valeant Pharmaceuticals International, Inc. 8.50% 20277 | $5,175 | $5,666 |
Zimmer Holdings, Inc. 3.15% 2022 | 9,455 | 9,761 |
2,024,479 | ||
Communication services 1.56% | ||
Alphabet Inc. 2.25% 2060 | 3,900 | 3,512 |
AT&T Inc. 1.65% 2028 | 7,175 | 7,109 |
AT&T Inc. 3.50% 2041 | 30,000 | 30,361 |
British Telecommunications PLC 9.625% 20309 | 4,011 | 6,413 |
Cable One, Inc. 4.00% 20307 | 4,975 | 5,062 |
Cablevision Systems Corp. 6.75% 2021 | 29,992 | 31,398 |
Cablevision Systems Corp. 5.375% 20287 | 8,500 | 9,053 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 20267 | 46,225 | 47,977 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20277 | 26,625 | 27,992 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 20287 | 13,250 | 13,966 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20307 | 16,050 | 16,692 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20307 | 28,552 | 30,068 |
CCO Holdings LLC and CCO Holdings Capital Corp. 2.80% 2031 | 12,414 | 12,821 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.25% 20317 | 13,100 | 13,411 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.50% 20327 | 19,415 | 20,070 |
CenturyLink, Inc. 6.75% 2023 | 33,275 | 36,249 |
CenturyLink, Inc. 7.50% 2024 | 5,800 | 6,407 |
CenturyLink, Inc. 5.125% 20267 | 8,175 | 8,371 |
CenturyLink, Inc. 4.00% 20277 | 48,013 | 49,153 |
CenturyLink, Inc. 7.65% 2042 | 6,000 | 6,731 |
CenturyLink, Inc., Series T, 5.80% 2022 | 18,925 | 19,718 |
Clear Channel Worldwide Holdings, Inc. 9.25% 2024 | 25,404 | 22,050 |
Comcast Corp. 1.95% 2031 | 10,083 | 10,236 |
Comcast Corp. 6.45% 2037 | 25,000 | 37,292 |
Comcast Corp. 4.60% 2038 | 9,000 | 11,425 |
Deutsche Telekom International Finance BV 9.25% 2032 | 13,620 | 22,941 |
Diamond Sports Group LLC 5.375% 20267 | 6,912 | 4,039 |
Diamond Sports Group LLC 6.625% 20277 | 16,430 | 6,839 |
Discovery Communications, Inc. 3.625% 2030 | 6,363 | 7,043 |
Embarq Corp. 7.995% 2036 | 18,470 | 21,691 |
Entercom Media Corp. 6.50% 20277 | 2,350 | 2,053 |
Epicor Software Corp., Term Loan, (3-month USD-LIBOR + 4.25%) 5.25% 202710,11 | 1,375 | 1,373 |
Epicor Software Corp., Term Loan, (3-month USD-LIBOR + 7.75%) 8.75% 20281,10,11 | 1,950 | 1,994 |
Fox Corp. 4.03% 2024 | 1,120 | 1,229 |
France Télécom 4.125% 2021 | 15,000 | 15,484 |
Front Range BidCo, Inc. 6.125% 20287 | 22,932 | 23,172 |
Frontier Communications Corp. 11.00% 202513 | 66,265 | 27,707 |
Frontier Communications Corp. 8.50% 20267 | 18,840 | 18,977 |
Frontier Communications Corp. 5.875% 20277 | 8,775 | 8,961 |
Gogo Inc. 9.875% 20247 | 111,444 | 117,504 |
Gray Television, Inc. 7.00% 20277 | 4,350 | 4,698 |
iHeartCommunications, Inc. 6.375% 2026 | 368 | 383 |
iHeartCommunications, Inc. 5.25% 20277 | 14,118 | 13,959 |
iHeartCommunications, Inc. 8.375% 2027 | 666 | 651 |
Inmarsat PLC 6.75% 20267 | 16,600 | 16,745 |
Intelsat Jackson Holding Co. 5.50% 202313 | 7,495 | 4,413 |
Intelsat Jackson Holding Co. 8.00% 20247 | 40,265 | 40,936 |
Intelsat Jackson Holding Co. 8.50% 20247,13 | 30,425 | 18,864 |
Intelsat Jackson Holding Co., Term Loan, (3-month USD-LIBOR + 5.50%) 6.50% 202210,11 | 8,494 | 8,658 |
The Income Fund of America — Page 19 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Communication services (continued) | Principal amount (000) | Value (000) |
Intelsat Jackson Holding Co., Term Loan B3, 8.00% 202310,11 | $3,000 | $3,026 |
Intelsat Jackson Holding Co., Term Loan, 6.625% 202410 | 27,850 | 28,187 |
Lamar Media Corp. 3.75% 2028 | 5,094 | 5,069 |
Lamar Media Corp. 4.875% 2029 | 4,325 | 4,509 |
Liberty Global PLC 5.50% 20287 | 7,975 | 8,249 |
Ligado Networks LLC 15.50% 20237,12 | 18,975 | 18,145 |
Live Nation Entertainment, Inc. 4.75% 20277 | 8,054 | 7,422 |
MDC Partners Inc. 6.50% 20247 | 12,928 | 12,389 |
Meredith Corp. 6.875% 2026 | 24,016 | 19,948 |
Myriad International Holdings 5.50% 2025 | 6,140 | 7,068 |
NBCUniversal Enterprise, Inc., junior subordinated, 5.25%7 | 31,885 | 32,323 |
Netflix, Inc. 3.625% 20257 | 6,400 | 6,660 |
Netflix, Inc. 4.875% 2028 | 36,860 | 41,517 |
Netflix, Inc. 5.875% 2028 | 7,550 | 9,034 |
Netflix, Inc. 4.875% 20307 | 6,165 | 7,047 |
Nexstar Broadcasting, Inc. 4.75% 20287 | 24,900 | 25,133 |
Nexstar Escrow Corp. 5.625% 20277 | 9,860 | 10,295 |
Numericable Group SA 7.375% 20267 | 27,450 | 28,680 |
Orange SA 5.50% 2044 | 3,000 | 4,259 |
Qwest Capital Funding, Inc. 7.625% 2021 | 3,900 | 4,007 |
Sirius XM Radio Inc. 3.875% 20227 | 12,800 | 12,912 |
Sirius XM Radio Inc. 4.625% 20247 | 25,910 | 26,751 |
Sirius XM Radio Inc. 4.125% 20307 | 7,450 | 7,668 |
SoftBank Group Corp. 3.36% 20237 | 9,113 | 9,212 |
Sprint Corp. 7.125% 2024 | 10,000 | 11,515 |
Sprint Corp. 7.625% 2025 | 36,000 | 42,548 |
Sprint Corp. 7.625% 2026 | 19,270 | 23,480 |
Sprint Corp. 6.875% 2028 | 56,297 | 71,251 |
Sprint Corp. 8.75% 2032 | 15,210 | 22,776 |
TEGNA Inc. 4.75% 20267 | 10,425 | 10,725 |
TEGNA Inc. 4.625% 20287 | 15,399 | 15,291 |
T-Mobile US, Inc. 2.05% 20287 | 11,475 | 11,627 |
T-Mobile US, Inc. 4.50% 20507 | 19,325 | 22,540 |
Trilogy International Partners, LLC 8.875% 20227 | 56,280 | 51,975 |
Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 7.875% 20257 | 2,100 | 2,229 |
Univision Communications Inc. 6.625% 20277 | 20,575 | 20,845 |
Verizon Communications Inc. 4.50% 2033 | 10,000 | 12,435 |
Verizon Communications Inc. 4.00% 2050 | 1,700 | 2,046 |
Virgin Media O2 4.25% 20317 | 9,175 | 9,198 |
Virgin Media Secured Finance PLC 4.50% 20307 | 11,445 | 11,642 |
Vodafone Group PLC 4.25% 2050 | 7,275 | 8,373 |
Warner Music Group 5.50% 20267 | 12,488 | 13,001 |
Warner Music Group 3.875% 20307 | 12,300 | 12,400 |
Ziggo Bond Co. BV 5.125% 20307 | 14,170 | 14,577 |
Ziggo Bond Finance BV 5.50% 20277 | 35,903 | 37,316 |
1,641,151 | ||
Utilities 1.20% | ||
Abu Dhabi National Energy Company PJSC (TAQA) 4.375% 20257 | 17,000 | 19,161 |
Abu Dhabi National Energy Company PJSC (TAQA) 4.375% 20267 | 600 | 690 |
Abu Dhabi National Energy Company PJSC (TAQA) 3.625% 20237 | 2,000 | 2,115 |
AEP Transmission Co. LLC 3.75% 2047 | 3,660 | 4,298 |
AEP Transmission Co. LLC 3.65% 2050 | 800 | 931 |
AES Corp. 3.30% 20254,7 | 17,950 | 19,508 |
The Income Fund of America — Page 20 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) |
AES Corp. 5.50% 20254 | $20,264 | $20,853 |
AES Corp. 6.00% 20264 | 11,995 | 12,591 |
AES Corp. 5.125% 20274 | 11,455 | 12,313 |
Ameren Corp. 2.50% 2024 | 1,939 | 2,062 |
Ameren Corp. 3.50% 2031 | 1,875 | 2,136 |
American Electric Power Company, Inc. 2.95% 2022 | 12,065 | 12,616 |
American Electric Power Company, Inc. 3.20% 2027 | 19,761 | 21,576 |
American Electric Power Company, Inc. 4.30% 2028 | 9,683 | 11,421 |
American Electric Power Company, Inc. 2.30% 2030 | 3,900 | 4,010 |
American Water Cap Corp. 2.80% 2030 | 3,600 | 3,931 |
AmeriGas Partners, LP 5.50% 2025 | 6,850 | 7,347 |
Calpine Corp. 5.125% 20287 | 12,315 | 12,716 |
Centerpoint Energy, Inc. 2.50% 2022 | 3,000 | 3,103 |
CenterPoint Energy, Inc. 3.85% 2024 | 4,000 | 4,388 |
CenterPoint Energy, Inc. 3.70% 2049 | 5,000 | 5,549 |
Colbun SA 3.95% 20277 | 1,554 | 1,726 |
Commonwealth Edison Co. 4.00% 2048 | 5,225 | 6,288 |
Consolidated Edison Company of New York, Inc. 4.50% 2058 | 8,390 | 10,805 |
Consolidated Edison Company of New York, Inc. 3.95% 2050 | 3,175 | 3,751 |
Consumers Energy Co. 4.05% 2048 | 6,855 | 8,529 |
Dominion Resources, Inc. 3.375% 2030 | 5,350 | 6,029 |
Dominion Resources, Inc., junior subordinated, 3.071% 20249 | 2,550 | 2,755 |
DPL Inc. 4.125% 20257 | 13,925 | 14,569 |
DTE Energy Company 3.95% 2049 | 2,060 | 2,537 |
Duke Energy Indiana, Inc. 4.90% 2043 | 14,785 | 19,276 |
Duke Energy Indiana, Inc. 3.25% 2049 | 3,100 | 3,353 |
Duke Energy Progress Inc. 4.15% 2044 | 2,110 | 2,579 |
Edison International 3.125% 2022 | 3,970 | 4,098 |
Edison International 3.55% 2024 | 20,475 | 21,637 |
Edison International 4.95% 2025 | 400 | 443 |
Edison International 5.75% 2027 | 6,745 | 7,673 |
Edison International 4.125% 2028 | 5,866 | 6,142 |
EDP Finance BV 5.25% 20217 | 18,300 | 18,504 |
EDP Finance BV 3.625% 20247 | 10,175 | 11,085 |
Electricité de France SA 4.75% 20357 | 8,250 | 10,094 |
Electricité de France SA 4.875% 20387 | 1,750 | 2,109 |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)9 | 36,024 | 39,959 |
Empresa Nacional de Electricidad SA 4.25% 2024 | 900 | 964 |
Enel Società per Azioni 8.75% 2073 (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) + 5.88% on 9/24/2023)7,9 | 12,000 | 13,890 |
Entergy Corp. 2.80% 2030 | 6,650 | 7,171 |
Entergy Louisiana, LLC 4.20% 2048 | 5,125 | 6,407 |
Eversource Energy 3.80% 2023 | 4,095 | 4,488 |
Exelon Corp. 4.05% 2030 | 2,875 | 3,329 |
Exelon Corp. 4.70% 2050 | 2,500 | 3,178 |
Exelon Corp., junior subordinated, 3.497% 20229 | 17,585 | 18,337 |
FirstEnergy Corp. 2.85% 2022 | 19,475 | 20,001 |
FirstEnergy Corp. 3.90% 2027 | 18,032 | 19,286 |
FirstEnergy Corp. 3.50% 20287 | 2,500 | 2,653 |
FirstEnergy Corp. 2.25% 2030 | 2,714 | 2,563 |
FirstEnergy Corp. 2.65% 2030 | 7,282 | 7,123 |
FirstEnergy Corp. 4.85% 2047 | 2,000 | 2,173 |
FirstEnergy Corp. 3.40% 2050 | 19,597 | 17,693 |
FirstEnergy Corp., Series B, 4.25% 2023 | 40,690 | 42,902 |
The Income Fund of America — Page 21 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Florida Power & Light Company 3.15% 2049 | $3,950 | $4,403 |
Georgia Power Co. 2.65% 2029 | 1,250 | 1,351 |
Georgia Power Co. 3.70% 2050 | 4,285 | 4,802 |
Gulf Power Co. 3.30% 2027 | 1,831 | 2,047 |
Interstate Power and Light Co. 3.25% 2024 | 9,628 | 10,535 |
Israel Electric Corp. Ltd. 8.10% 20967 | 4,905 | 7,143 |
Mississippi Power Co. 3.95% 2028 | 6,437 | 7,424 |
Mississippi Power Co. 4.25% 2042 | 7,500 | 8,908 |
National Rural Utilities Cooperative Finance Corp. 2.95% 2024 | 6,000 | 6,418 |
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 | 12,000 | 13,260 |
NextEra Energy Capital Holdings, Inc. 2.25% 2030 | 10,090 | 10,447 |
NGL Energy Partners LP 7.50% 2026 | 9,955 | 5,135 |
Northern States Power Co. 4.125% 2044 | 11,000 | 13,676 |
NRG Energy, Inc. 7.25% 2026 | 2,000 | 2,117 |
NV Energy, Inc. 6.25% 2020 | 920 | 922 |
Pacific Gas and Electric Co. 1.75% 2022 | 30,000 | 30,008 |
Pacific Gas and Electric Co. 3.85% 2023 | 8,710 | 9,171 |
Pacific Gas and Electric Co. 4.25% 2023 | 25,692 | 27,254 |
Pacific Gas and Electric Co. 3.40% 2024 | 2,910 | 3,024 |
Pacific Gas and Electric Co. 3.45% 2025 | 1,250 | 1,303 |
Pacific Gas and Electric Co. 2.95% 2026 | 18,251 | 18,497 |
Pacific Gas and Electric Co. 3.15% 2026 | 8,757 | 8,952 |
Pacific Gas and Electric Co. 2.10% 2027 | 2,225 | 2,149 |
Pacific Gas and Electric Co. 3.30% 2027 | 15,125 | 15,312 |
Pacific Gas and Electric Co. 3.30% 2027 | 9,104 | 9,208 |
Pacific Gas and Electric Co. 3.75% 2028 | 6,855 | 7,056 |
Pacific Gas and Electric Co. 4.65% 2028 | 9,981 | 10,721 |
Pacific Gas and Electric Co. 4.55% 2030 | 1,950 | 2,096 |
Pacific Gas and Electric Co. 2.50% 2031 | 36,050 | 34,248 |
Pacific Gas and Electric Co. 3.30% 2040 | 4,050 | 3,735 |
Pacific Gas and Electric Co. 3.75% 2042 | 12,525 | 11,741 |
Pacific Gas and Electric Co. 4.00% 2046 | 2,250 | 2,137 |
Pacific Gas and Electric Co. 4.25% 2046 | 5,100 | 4,975 |
Pacific Gas and Electric Co. 3.95% 2047 | 5,775 | 5,462 |
Pacific Gas and Electric Co. 3.50% 2050 | 3,275 | 2,962 |
PacifiCorp. 3.30% 2051 | 3,450 | 3,769 |
PacifiCorp., First Mortgage Bonds, 4.125% 2049 | 11,000 | 13,494 |
PG&E Corp. 5.00% 2028 | 24,340 | 24,434 |
PG&E Corp. 5.25% 2030 | 3,320 | 3,324 |
Progress Energy, Inc. 7.00% 2031 | 4,000 | 5,628 |
Progress Energy, Inc. 7.75% 2031 | 2,500 | 3,637 |
Public Service Electric and Gas Co. 3.20% 2029 | 1,000 | 1,134 |
Public Service Electric and Gas Co. 3.15% 2050 | 3,300 | 3,633 |
Public Service Enterprise Group Inc. 2.65% 2022 | 2,075 | 2,169 |
Puget Energy, Inc. 6.00% 2021 | 3,945 | 4,114 |
Puget Energy, Inc. 5.625% 2022 | 9,592 | 10,183 |
Puget Energy, Inc. 3.65% 2025 | 1,911 | 2,126 |
Puget Sound Energy, Inc. 3.25% 2049 | 6,750 | 7,325 |
San Diego Gas & Electric Co. 3.32% 2050 | 1,300 | 1,388 |
Southern California Edison Co. 1.845% 2022 | 1,918 | 1,919 |
Southern California Edison Co. 3.50% 2023 | 21,000 | 22,599 |
Southern California Edison Co. 3.70% 2025 | 1,266 | 1,403 |
Southern California Edison Co. 2.85% 2029 | 8,900 | 9,370 |
Southern California Edison Co. 4.20% 2029 | 14,250 | 16,316 |
The Income Fund of America — Page 22 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Southern California Edison Co. 5.35% 2035 | $17,725 | $22,562 |
Southern California Edison Co. 5.75% 2035 | 4,400 | 5,815 |
Southern California Edison Co. 5.625% 2036 | 16,750 | 20,375 |
Southern California Edison Co. 5.55% 2037 | 3,475 | 4,225 |
Southern California Edison Co. 5.95% 2038 | 8,500 | 10,910 |
Southern California Edison Co. 6.05% 2039 | 60 | 78 |
Southern California Edison Co. 4.50% 2040 | 19,625 | 22,148 |
Southern California Edison Co. 5.50% 2040 | 839 | 1,045 |
Southern California Edison Co. 4.00% 2047 | 8,070 | 8,669 |
Southern California Edison Co. 4.125% 2048 | 16,476 | 18,176 |
Southern California Edison Co. 4.875% 2049 | 11,013 | 12,985 |
Southern California Edison Co. 3.65% 2050 | 17,865 | 18,634 |
Southern California Edison Co., Series C, 3.60% 2045 | 11,875 | 11,928 |
Southern California Gas Co. 2.55% 2030 | 2,725 | 2,912 |
Southern Co. 3.70% 2030 | 15,600 | 17,701 |
Southern Co. 4.25% 2036 | 3,825 | 4,457 |
Southern Co. 4.40% 2046 | 6,219 | 7,446 |
Talen Energy Corp. 6.50% 2025 | 180 | 108 |
Talen Energy Corp. 10.50% 20267 | 11,520 | 8,006 |
Talen Energy Corp. 7.25% 20277 | 28,295 | 28,401 |
Talen Energy Supply, LLC 7.625% 20287 | 12,365 | 12,125 |
Virginia Electric and Power Co. 3.45% 2024 | 560 | 606 |
Virginia Electric and Power Co. 3.10% 2025 | 2,625 | 2,873 |
Virginia Electric and Power Co. 4.60% 2048 | 3,450 | 4,640 |
Virginia Electric and Power Co. 3.30% 2049 | 3,575 | 4,094 |
Wisconsin Power and Light Co. 3.65% 2050 | 1,025 | 1,172 |
Xcel Energy Inc. 2.60% 2029 | 3,500 | 3,744 |
1,261,813 | ||
Materials 1.19% | ||
Air Products and Chemicals, Inc. 1.85% 2027 | 1,857 | 1,940 |
Alcoa Netherlands Holding B.V. 5.50% 20277 | 13,410 | 14,131 |
Anglo American Capital PLC 2.625% 20307 | 16,107 | 16,146 |
Arconic Corp. 6.00% 20257 | 10,820 | 11,476 |
Ardagh Group SA 6.50% 20277,12 | 22,795 | 23,194 |
Ardagh Packaging Finance 5.25% 20257 | 12,006 | 12,578 |
Ardagh Packaging Finance 6.00% 20257 | 1,577 | 1,632 |
Ardagh Packaging Finance 4.125% 20267 | 5,000 | 5,106 |
Ardagh Packaging Finance 5.25% 20277 | 9,385 | 9,673 |
Axalta Coating Systems LLC 4.875% 20247 | 17,095 | 17,481 |
Axalta Coating Systems LLC 4.75% 20277 | 6,710 | 7,037 |
Braskem SA 4.50% 20307 | 10,000 | 9,248 |
BWAY Parent Co., Inc. 5.50% 20247 | 12,895 | 12,919 |
CANPACK SA and Eastern PA Land Investment Holding LLC 3.125% 20257 | 6,185 | 6,270 |
Carlyle Group LP 8.75% 20237,12 | 1,680 | 1,694 |
Cascades Inc. 5.125% 20267 | 17,550 | 18,395 |
Cascades Inc. 5.375% 20287 | 5,870 | 6,130 |
Chemours Co. 6.625% 2023 | 27,180 | 27,163 |
Cleveland-Cliffs Inc. 4.875% 20247 | 30,050 | 30,069 |
Cleveland-Cliffs Inc. 5.75% 2025 | 38,706 | 37,472 |
Cleveland-Cliffs Inc. 9.875% 20257 | 12,475 | 14,284 |
Cleveland-Cliffs Inc. 6.75% 20267 | 17,070 | 17,945 |
Cleveland-Cliffs Inc. 5.875% 2027 | 49,860 | 48,541 |
Cleveland-Cliffs Inc. 7.00% 20277 | 1,300 | 1,137 |
The Income Fund of America — Page 23 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) |
CRH America, Inc. 5.125% 20457 | $1,000 | $1,239 |
Crown Holdings, Inc. 4.75% 2026 | 7,100 | 7,392 |
CVR Partners, LP 9.25% 20237 | 9,675 | 8,889 |
Dow Chemical Co. 3.625% 2026 | 1,616 | 1,804 |
Dow Chemical Co. 3.60% 2050 | 19,000 | 19,290 |
Element Solutions Inc. 3.875% 20287 | 8,875 | 8,781 |
First Quantum Minerals Ltd. 7.25% 20237 | 9,725 | 9,788 |
First Quantum Minerals Ltd. 6.50% 20247 | 30,091 | 29,922 |
First Quantum Minerals Ltd. 7.50% 20257 | 80,350 | 80,802 |
First Quantum Minerals Ltd. 6.875% 20267 | 23,575 | 23,442 |
First Quantum Minerals Ltd. 6.875% 20277 | 37,090 | 36,951 |
Freeport-McMoRan Inc. 3.875% 2023 | 3,625 | 3,752 |
Freeport-McMoRan Inc. 4.25% 2030 | 10,350 | 10,884 |
Freeport-McMoRan Inc. 5.40% 2034 | 6,775 | 7,770 |
FXI Holdings, Inc. 7.875% 20247 | 14,903 | 13,972 |
FXI Holdings, Inc. 12.25% 20267 | 22,739 | 23,801 |
GPC Merger Sub Inc. 7.125% 20287 | 9,745 | 10,202 |
Hexion Inc. 7.875% 20277 | 19,981 | 20,768 |
Holcim Ltd. 5.15% 20237 | 12,595 | 13,922 |
INEOS Group Holdings SA 5.625% 20247 | 15,135 | 15,409 |
Intelligent Packaging Ltd. Finco Inc. 6.00% 20287 | 1,110 | 1,131 |
International Paper Co. 7.30% 2039 | 5,615 | 8,323 |
Joseph T. Ryerson & Son, Inc. 8.50% 20287 | 5,085 | 5,458 |
LSB Industries, Inc. 9.625% 20237 | 23,170 | 22,738 |
LYB International Finance III, LLC 1.25% 2025 | 5,509 | 5,529 |
LYB International Finance III, LLC 2.25% 2030 | 9,066 | 9,056 |
LYB International Finance III, LLC 3.375% 2040 | 6,998 | 6,925 |
LYB International Finance III, LLC 3.625% 2051 | 40,188 | 39,981 |
LYB International Finance III, LLC 3.80% 2060 | 8,215 | 7,947 |
Methanex Corp. 5.125% 2027 | 58,000 | 59,134 |
Mosaic Co. 3.25% 2022 | 1,500 | 1,566 |
Nouryon Holding BV 8.00% 20267 | 22,345 | 23,560 |
Nova Chemicals Corp. 5.25% 20277 | 5,855 | 5,725 |
Novelis Corp. 4.75% 20307 | 24,935 | 25,334 |
Nutrien Ltd. 1.90% 2023 | 7,974 | 8,232 |
Nutrition & Biosciences, Inc. 1.832% 20277 | 3,375 | 3,382 |
OCI NV 5.25% 20247 | 23,255 | 23,822 |
Owens-Illinois, Inc. 5.875% 20237 | 21,820 | 22,998 |
Praxair, Inc. 1.10% 2030 | 4,407 | 4,263 |
S.P.C.M. SA 4.875% 20257 | 11,750 | 12,103 |
Scotts Miracle-Gro Co. 4.50% 2029 | 18,595 | 19,816 |
Sealed Air Corp. 5.25% 20237 | 5,960 | 6,317 |
Sealed Air Corp. 4.00% 20277 | 19,239 | 20,201 |
Sherwin-Williams Company 3.80% 2049 | 10,414 | 11,920 |
Silgan Holdings Inc. 4.125% 2028 | 20,020 | 20,845 |
Summit Materials, Inc. 6.50% 20277 | 9,760 | 10,258 |
Summit Materials, Inc. 5.25% 20297 | 4,575 | 4,718 |
Trivium Packaging BV 5.50% 20267 | 9,902 | 10,391 |
Trivium Packaging BV 8.50% 20277 | 4,545 | 4,872 |
Tronox Ltd. 5.75% 20257 | 9,150 | 9,150 |
Tronox Ltd. 6.50% 20267 | 22,669 | 23,021 |
Valvoline Inc. 4.375% 2025 | 7,750 | 7,982 |
Valvoline Inc. 4.25% 20307 | 8,170 | 8,346 |
Venator Materials Corp. 5.75% 20257 | 43,380 | 37,388 |
The Income Fund of America — Page 24 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Materials (continued) | Principal amount (000) | Value (000) |
Venator Materials Corp. 9.50% 20257 | $17,805 | $18,957 |
W. R. Grace & Co. 4.875% 20277 | 14,020 | 14,623 |
Warrior Met Coal, Inc. 8.00% 20247 | 23,499 | 23,400 |
Westlake Chemical Corp. 5.00% 2046 | 1,045 | 1,230 |
Westlake Chemical Corp. 4.375% 2047 | 915 | 980 |
1,252,063 | ||
Industrials 1.06% | ||
Air Lease Corp. 2.875% 2026 | 24,541 | 24,338 |
Allison Transmission Holdings, Inc. 5.00% 20247 | 28,755 | 29,048 |
American Airlines, Inc., Series 2013-2, Class A, 4.95% 2024 | 4,180 | 3,631 |
Ashtead Group PLC 4.375% 20277 | 3,775 | 3,964 |
Ashtead Group PLC 4.25% 20297 | 11,295 | 12,083 |
Associated Materials, LLC 9.00% 20257 | 20,680 | 21,869 |
Avis Budget Car Rental, LLC 5.75% 20277 | 8,875 | 8,359 |
Avis Budget Group, Inc. 6.375% 20247 | 9,709 | 9,472 |
Avis Budget Group, Inc. 5.25% 20257 | 6,050 | 5,714 |
Avis Budget Group, Inc. 10.50% 20257 | 11,915 | 13,710 |
Avolon Holdings Funding Ltd. 3.625% 20227 | 3,935 | 3,946 |
Avolon Holdings Funding Ltd. 3.95% 20247 | 22,645 | 22,202 |
Avolon Holdings Funding Ltd. 3.25% 20277 | 17,000 | 15,547 |
Boeing Company 3.75% 2050 | 5,700 | 5,072 |
Boeing Company 4.508% 2023 | 24,000 | 25,437 |
Boeing Company 2.80% 2024 | 1,130 | 1,150 |
Boeing Company 4.875% 2025 | 46,804 | 51,045 |
Boeing Company 2.75% 2026 | 7,575 | 7,553 |
Boeing Company 3.10% 2026 | 1,454 | 1,474 |
Boeing Company 2.70% 2027 | 13,681 | 13,315 |
Boeing Company 5.04% 2027 | 15,448 | 16,989 |
Boeing Company 3.25% 2028 | 5,000 | 4,984 |
Boeing Company 3.20% 2029 | 8,640 | 8,450 |
Boeing Company 2.95% 2030 | 5,390 | 5,129 |
Boeing Company 5.15% 2030 | 13,911 | 15,420 |
Boeing Company 3.625% 2031 | 12,125 | 12,092 |
Boeing Company 3.60% 2034 | 9,000 | 8,811 |
Boeing Company 3.50% 2039 | 1,090 | 981 |
Boeing Company 3.90% 2049 | 3,149 | 2,910 |
Boeing Company 5.805% 2050 | 6,274 | 7,395 |
Bohai Financial Investment Holding Co., Ltd. 5.25% 20227 | 5,148 | 5,304 |
Bombardier Inc. 8.75% 20217 | 1,520 | 1,513 |
Bombardier Inc. 5.75% 20227 | 2,775 | 2,639 |
Bombardier Inc. 6.125% 20237 | 2,690 | 2,324 |
Bombardier Inc. 7.50% 20247 | 3,500 | 2,643 |
Bombardier Inc. 7.50% 20257 | 3,515 | 2,562 |
Bombardier Inc. 7.875% 20277 | 4,965 | 3,624 |
Burlington Northern Santa Fe LLC 3.55% 2050 | 10,000 | 11,493 |
BWX Technologies, Inc. 4.125% 20287 | 5,190 | 5,258 |
Canadian National Railway Co. 3.20% 2046 | 1,980 | 2,192 |
Carrier Global Corp. 2.722% 20307 | 5,888 | 6,164 |
Carrier Global Corp. 3.577% 20507 | 12,124 | 13,095 |
Continental Airlines, Inc., Series 2007-1, Class B, 6.903% 2022 | 781 | 720 |
Continental Airlines, Inc., Series 2000-1, Class B, 8.388% 2022 | —8 | —8 |
Cornerstone Building Brands, Inc., 6.125% 20297 | 3,650 | 3,736 |
Covanta Holding Corp. 5.00% 2030 | 5,250 | 5,375 |
The Income Fund of America — Page 25 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) |
CSX Corp. 3.80% 2028 | $1,550 | $1,790 |
CSX Corp. 4.50% 2049 | 3,785 | 4,827 |
Delta Air Lines, Inc., Series 2002-1, Class G-1, MBIA insured, 6.718% 2024 | 3,090 | 2,992 |
Dun & Bradstreet Corp. 6.875% 20267 | 13,222 | 14,172 |
Dun & Bradstreet Corp. 10.25% 20277 | 9,316 | 10,453 |
F-Brasile SpA 7.375% 20267 | 5,459 | 4,749 |
GE Capital International Funding Co. 4.418% 2035 | 30,250 | 32,739 |
General Electric Capital Corp. 6.15% 2037 | 2,475 | 3,048 |
General Electric Co. 3.45% 2027 | 5,000 | 5,305 |
General Electric Co. 3.625% 2030 | 2,675 | 2,825 |
General Electric Co. 4.25% 2040 | 1,600 | 1,679 |
General Electric Co. 4.125% 2042 | 869 | 900 |
General Electric Co. 4.35% 2050 | 8,050 | 8,523 |
General Electric Co., junior subordinated, 5.00% (3-month USD-LIBOR + 3.33% on 1/21/2021)9 | 95,170 | 78,089 |
Hardwoods Acquisition Inc. 7.50% 20217,13 | 13,649 | 4,845 |
Harsco Corp. 5.75% 20277 | 14,590 | 14,946 |
Honeywell International Inc. 2.30% 2024 | 4,405 | 4,686 |
Honeywell International Inc. 1.35% 2025 | 9,251 | 9,503 |
Howmet Aerospace Inc. 6.875% 2025 | 11,480 | 12,786 |
IAA Spinco Inc. 5.50% 20277 | 6,875 | 7,240 |
Icahn Enterprises Finance Corp. 4.75% 2024 | 14,360 | 14,628 |
JELD-WEN Holding, Inc. 4.625% 20257 | 8,965 | 9,110 |
JELD-WEN Holding, Inc. 4.875% 20277 | 7,325 | 7,581 |
LABL Escrow Issuer, LLC 6.75% 20267 | 2,125 | 2,232 |
LABL Escrow Issuer, LLC 10.50% 20277 | 5,105 | 5,497 |
LSC Communications, Inc. 8.75% 20237,13 | 28,822 | 4,467 |
LSC Communications, Inc., Term Loan B, (3-month USD-LIBOR + 5.50%) 6.25% 202210,11,13 | 4,107 | 667 |
MasTec, Inc. 4.50% 20287 | 19,190 | 19,742 |
Mexico City Airport Trust 5.50% 2046 | 2,303 | 1,986 |
Mexico City Airport Trust 5.50% 2047 | 4,482 | 3,875 |
Mexico City Airport Trust 5.50% 20477 | 215 | 186 |
Moog Inc. 4.25% 20277 | 10,383 | 10,669 |
Nielsen Finance LLC and Nielsen Finance Co. 5.00% 20257 | 8,575 | 8,824 |
Nielsen Finance LLC and Nielsen Finance Co. 5.625% 20287 | 4,100 | 4,251 |
Nielsen Finance LLC and Nielsen Finance Co. 5.875% 20307 | 8,300 | 8,741 |
Norfolk Southern Corp. 3.05% 2050 | 3,727 | 3,854 |
Northrop Grumman Corp. 3.25% 2028 | 8,995 | 10,024 |
Otis Worldwide Corp. 2.293% 2027 | 2,440 | 2,589 |
R.R. Donnelley & Sons Co. 6.50% 2023 | 11,530 | 10,854 |
Rexnord Corp. 4.875% 20257 | 19,490 | 19,880 |
Rolls-Royce PLC 5.75% 20277 | 12,685 | 12,859 |
Sensata Technologies, Inc. 3.75% 20317 | 7,225 | 7,162 |
Signature Aviation PLC 4.00% 20287 | 4,050 | 3,923 |
SkyMiles IP Ltd 4.75% 20287 | 30,245 | 30,934 |
Spirit AeroSystems, Inc. (3-month USD-LIBOR + 0.80%) 1.05% 202111 | 2,595 | 2,493 |
Spirit AeroSystems, Inc. 7.50% 20257 | 4,385 | 4,431 |
The Brink’s Co. 4.625% 20277 | 10,510 | 10,743 |
TransDigm Inc. 6.50% 2024 | 2,110 | 2,111 |
TransDigm Inc. 6.25% 20267 | 38,597 | 40,286 |
TransDigm Inc. 5.50% 2027 | 35,350 | 34,532 |
Triumph Group, Inc. 5.25% 2022 | 940 | 804 |
Triumph Group, Inc. 6.25% 20247 | 1,175 | 1,017 |
Triumph Group, Inc. 8.875% 20247 | 4,225 | 4,493 |
Triumph Group, Inc. 7.75% 20257 | 3,840 | 2,491 |
The Income Fund of America — Page 26 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Industrials (continued) | Principal amount (000) | Value (000) |
Uber Technologies, Inc. 8.00% 20267 | $21,540 | $22,738 |
Union Pacific Corp. 3.75% 2025 | 4,720 | 5,347 |
Union Pacific Corp. 2.15% 2027 | 1,854 | 1,967 |
Union Pacific Corp. 3.70% 2029 | 3,245 | 3,754 |
Union Pacific Corp. 2.40% 2030 | 1,931 | 2,058 |
United Air Lines, Inc., Series 2007-1, Class A, 6.636% 2024 | 3,485 | 3,324 |
United Airlines Holdings, Inc. 6.50% 20277 | 11,780 | 12,288 |
United Rentals, Inc. 5.875% 2026 | 1,080 | 1,138 |
United Rentals, Inc. 5.25% 2030 | 6,840 | 7,426 |
United Rentals, Inc. 3.875% 2031 | 8,025 | 8,120 |
United Technologies Corp. 3.95% 2025 | 5,290 | 6,040 |
Vertical Holdco GMBH 7.625% 20287 | 5,335 | 5,545 |
Vertical U.S. Newco Inc. 5.25% 20277 | 26,500 | 27,324 |
Virgin Australia Holdings Ltd. 7.875% 20217,13 | 1,750 | 131 |
Wesco Aircraft Holdings, Inc. 8.50% 20247 | 5,060 | 3,950 |
Wesco Aircraft Holdings, Inc. 9.00% 20267 | 11,180 | 8,549 |
WESCO Distribution, Inc. 7.125% 20257 | 11,055 | 11,926 |
WESCO Distribution, Inc. 7.25% 20287 | 12,045 | 13,202 |
Westinghouse Air Brake Technologies Corp. 4.40% 20249 | 2,241 | 2,447 |
XPO Logistics, Inc. 6.25% 20257 | 2,895 | 3,082 |
1,115,121 | ||
Consumer staples 0.64% | ||
Albertsons Companies LLC 3.50% 20237 | 8,019 | 8,157 |
Altria Group, Inc. 9.95% 2038 | 23,500 | 37,108 |
Altria Group, Inc. 5.80% 2039 | 21,295 | 26,884 |
Altria Group, Inc. 4.50% 2043 | 4,000 | 4,380 |
Altria Group, Inc. 5.95% 2049 | 17,533 | 23,211 |
Anheuser-Busch InBev NV 4.15% 2025 | 6,000 | 6,809 |
Anheuser-Busch InBev NV 4.00% 2028 | 8,025 | 9,241 |
Anheuser-Busch InBev NV 5.45% 2039 | 6,000 | 7,750 |
Anheuser-Busch InBev NV 4.95% 2042 | 9,095 | 11,056 |
Anheuser-Busch InBev NV 4.60% 2048 | 2,005 | 2,379 |
Anheuser-Busch InBev NV 5.55% 2049 | 10,378 | 13,960 |
Anheuser-Busch InBev NV 4.50% 2050 | 10,000 | 11,854 |
B&G Foods, Inc. 5.25% 2025 | 20,860 | 21,507 |
B&G Foods, Inc. 5.25% 2027 | 17,875 | 18,517 |
British American Tobacco International Finance PLC 3.95% 20257 | 10,914 | 12,150 |
British American Tobacco International Finance PLC 1.668% 2026 | 8,990 | 9,037 |
British American Tobacco PLC 3.222% 2024 | 8,000 | 8,588 |
British American Tobacco PLC 3.215% 2026 | 8,308 | 8,941 |
British American Tobacco PLC 3.557% 2027 | 1,479 | 1,596 |
British American Tobacco PLC 2.259% 2028 | 9,610 | 9,588 |
British American Tobacco PLC 4.39% 2037 | 14,255 | 15,227 |
British American Tobacco PLC 4.54% 2047 | 35,820 | 37,611 |
British American Tobacco PLC 4.758% 2049 | 33,784 | 36,563 |
British American Tobacco PLC 5.282% 2050 | 5,000 | 5,765 |
Central Garden & Pet Co. 4.125% 2030 | 9,116 | 9,236 |
Conagra Brands, Inc. 4.30% 2024 | 3,760 | 4,199 |
Constellation Brands, Inc. 2.65% 2022 | 5,230 | 5,443 |
Constellation Brands, Inc. 3.20% 2023 | 2,060 | 2,173 |
Darling Ingredients Inc. 5.25% 20277 | 10,080 | 10,704 |
Edgewell Personal Care Co. 5.50% 20287 | 4,040 | 4,252 |
Energizer Holdings, Inc. 7.75% 20277 | 7,910 | 8,597 |
The Income Fund of America — Page 27 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Consumer staples (continued) | Principal amount (000) | Value (000) |
Energizer Holdings, Inc. 4.375% 20297 | $7,820 | $7,906 |
H.J. Heinz Co. 3.875% 20277 | 10,775 | 11,404 |
H.J. Heinz Co. 4.25% 20317 | 6,180 | 6,709 |
H.J. Heinz Co. 4.625% 20397 | 4,310 | 4,621 |
Imperial Tobacco Finance PLC 3.50% 20237 | 10,000 | 10,468 |
JBS Investments GmbH II 7.00% 2026 | 13,200 | 14,124 |
JBS Investments GmbH II 7.00% 20267 | 1,800 | 1,926 |
Keurig Dr Pepper Inc. 4.985% 2038 | 8,185 | 10,498 |
Kraft Heinz Co. 3.95% 2025 | 8,750 | 9,477 |
Molson Coors Brewing Co. 4.20% 2046 | 20,600 | 21,527 |
Nestle Skin Health SA, Term Loan B1, (3-month USD-LIBOR + 4.25%) 4.47% 202610,11 | 29,774 | 29,513 |
Philip Morris International Inc. 2.375% 2022 | 5,035 | 5,209 |
Philip Morris International Inc. 2.625% 2022 | 8,405 | 8,649 |
Philip Morris International Inc. 0.875% 2026 | 10,101 | 10,055 |
Philip Morris International Inc. 1.75% 2030 | 9,986 | 9,851 |
Post Holdings, Inc. 5.00% 20267 | 9,608 | 9,980 |
Post Holdings, Inc. 5.625% 20287 | 9,680 | 10,230 |
Post Holdings, Inc. 5.50% 20297 | 9,040 | 9,763 |
Post Holdings, Inc. 4.625% 20307 | 22,245 | 22,857 |
Prestige Brands International Inc. 5.125% 20287 | 8,162 | 8,494 |
Procter & Gamble Company 0.55% 2025 | 14,230 | 14,176 |
Procter & Gamble Company 1.20% 2030 | 12,175 | 12,047 |
Reynolds American Inc. 5.70% 2035 | 3,130 | 3,848 |
Reynolds American Inc. 5.85% 2045 | 18,028 | 21,983 |
TreeHouse Foods, Inc. 4.00% 2028 | 1,400 | 1,404 |
669,202 | ||
Information technology 0.60% | ||
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 8.25% 202510,11 | 32,150 | 31,419 |
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 8.00% 202510,11 | 1,585 | 1,598 |
Avaya Inc. 6.125% 20287 | 10,425 | 10,731 |
Banff Merger Sub Inc. 9.75% 20267 | 15,790 | 16,619 |
Black Knight Inc. 3.625% 20287 | 3,590 | 3,639 |
BMC Software, Inc. 7.125% 20257 | 2,395 | 2,571 |
BMC Software, Inc. 9.125% 20267 | 12,152 | 12,957 |
Broadcom Inc. 3.625% 2024 | 20,000 | 21,834 |
Broadcom Inc. 3.15% 2025 | 12,000 | 12,951 |
Broadcom Inc. 4.25% 2026 | 79,271 | 89,221 |
Broadcom Ltd. 3.875% 2027 | 43,345 | 47,932 |
Broadcom Ltd. 3.50% 2028 | 3,701 | 3,982 |
CommScope Finance LLC 6.00% 20267 | 26,850 | 27,889 |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 2.938% 202310,11 | 5,615 | 5,391 |
Diebold Nixdorf, Inc. 9.375% 20257 | 27,550 | 29,289 |
Diebold, Inc. 8.50% 2024 | 6,150 | 5,612 |
Financial & Risk US Holdings, Inc. 6.25% 20267 | 10,786 | 11,541 |
Financial & Risk US Holdings, Inc. 8.25% 20267 | 10,000 | 10,912 |
Fiserv, Inc. 3.20% 2026 | 6,331 | 7,018 |
Fiserv, Inc. 2.65% 2030 | 11,509 | 12,229 |
Gartner, Inc. 4.50% 20287 | 14,275 | 14,920 |
Genesys Telecommunications Laboratories, Inc. 10.00% 20247 | 10,990 | 11,610 |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 3.895% 202410,11 | 12,125 | 12,032 |
Microsoft Corp. 2.65% 2022 | 6,000 | 6,262 |
Microsoft Corp. 2.875% 2024 | 6,865 | 7,372 |
Microsoft Corp. 4.20% 2035 | 6,000 | 7,835 |
The Income Fund of America — Page 28 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Information technology (continued) | Principal amount (000) | Value (000) |
MoneyGram International Inc., Term Loan B, (3-month USD-LIBOR + 6.00%) 7.00% 202310,11 | $4,750 | $4,689 |
Open Text Corp. 3.875% 20287 | 7,250 | 7,377 |
Open Text Corp. 4.125% 20307 | 8,025 | 8,341 |
PayPal Holdings, Inc. 2.65% 2026 | 5,910 | 6,432 |
PayPal Holdings, Inc. 2.30% 2030 | 3,300 | 3,465 |
Sabre GLBL Inc. 7.375% 20257 | 12,925 | 13,203 |
Sabre Holdings Corp. 5.25% 20237 | 550 | 540 |
Sabre Holdings Corp. 9.25% 20257 | 4,900 | 5,408 |
Simon Property Group, LP 3.50% 2025 | 11,100 | 12,156 |
Simon Property Group, LP 2.65% 2030 | 12,125 | 12,141 |
Solera Holdings, Inc. 10.50% 20247 | 8,085 | 8,405 |
Tempo Acquisition LLC 6.75% 20257 | 9,384 | 9,534 |
Ultimate Software Group Inc., Term Loan, (3-month USD-LIBOR + 4.00%) 4.75% 202610,11 | 2,775 | 2,763 |
Ultimate Software Group Inc., Term Loan, (3-month USD-LIBOR + 6.75%) 7.50% 202710,11 | 5,300 | 5,408 |
Unisys Corp. 6.875% 20277 | 6,000 | 6,225 |
Veritas Holdings Ltd. 7.50% 20237 | 19,303 | 19,277 |
Veritas Holdings Ltd. 10.50% 20247 | 475 | 442 |
Veritas Holdings Ltd. 7.50% 20257 | 20,685 | 21,003 |
Veritas US Inc., Term Loan B, (3-month USD-LIBOR + 5.50%) 6.50% 202510,11 | 16,899 | 16,550 |
ViaSat, Inc. 5.625% 20277 | 2,450 | 2,571 |
Visa Inc. 3.15% 2025 | 8,000 | 8,904 |
Xerox Corp. 4.125% 2023 | 3,589 | 3,742 |
Xerox Corp. 5.50% 20287 | 22,100 | 21,859 |
625,801 | ||
Real estate 0.39% | ||
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 975 | 1,116 |
Alexandria Real Estate Equities, Inc. 2.75% 2029 | 4,851 | 5,214 |
Alexandria Real Estate Equities, Inc. 3.375% 2031 | 2,375 | 2,657 |
Alexandria Real Estate Equities, Inc. 1.875% 2033 | 7,073 | 6,888 |
American Campus Communities, Inc. 4.125% 2024 | 24,700 | 26,722 |
American Campus Communities, Inc. 3.625% 2027 | 7,600 | 8,155 |
American Tower Corp. 3.55% 2027 | 2,525 | 2,814 |
Brandywine Operating Partnership, LP 3.95% 2023 | 1,639 | 1,693 |
Brookfield Property REIT Inc. 5.75% 20267 | 46,995 | 39,094 |
Communications Sales & Leasing, Inc. 6.00% 20237 | 10,625 | 10,784 |
Corporate Office Properties LP 5.25% 2024 | 9,150 | 10,045 |
Equinix, Inc. 2.90% 2026 | 1,144 | 1,232 |
Equinix, Inc. 1.80% 2027 | 3,699 | 3,759 |
Equinix, Inc. 1.55% 2028 | 3,175 | 3,169 |
Equinix, Inc. 3.20% 2029 | 1,552 | 1,688 |
Equinix, Inc. 3.00% 2050 | 1,824 | 1,783 |
Essex Portfolio LP 3.875% 2024 | 5,900 | 6,437 |
Essex Portfolio LP 3.50% 2025 | 1,920 | 2,112 |
Gaming and Leisure Properties, Inc. 3.35% 2024 | 2,526 | 2,572 |
Hospitality Properties Trust 4.25% 2021 | 1,240 | 1,228 |
Hospitality Properties Trust 7.50% 2025 | 5,224 | 5,480 |
Hospitality Properties Trust 3.95% 2028 | 1,990 | 1,566 |
Howard Hughes Corp. 5.375% 20257 | 45,001 | 45,170 |
Howard Hughes Corp. 5.375% 20287 | 46,380 | 46,757 |
Iron Mountain Inc. 4.875% 20274,7 | 10,665 | 10,883 |
Iron Mountain Inc. 5.00% 20284,7 | 15,096 | 15,429 |
Iron Mountain Inc. 5.25% 20284,7 | 17,489 | 17,959 |
Iron Mountain Inc. 4.875% 20294,7 | 16,282 | 16,380 |
The Income Fund of America — Page 29 of 45
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds, notes & loans (continued) Real estate (continued) | Principal amount (000) | Value (000) |
Iron Mountain Inc. 5.25% 20304,7 | $26,220 | $26,941 |
Iron Mountain Inc. 4.50% 20314,7 | 18,045 | 17,988 |
Medical Properties Trust, Inc. 5.00% 2027 | 23,785 | 24,932 |
QTS Realty Trust, Inc. 3.875% 20287 | 8,850 | 8,879 |
Scentre Group 3.25% 20257 | 10,365 | 10,906 |
Scentre Group 3.50% 20257 | 5,455 | 5,775 |
Scentre Group 3.75% 20277 | 3,000 | 3,200 |
Select Income REIT 4.15% 2022 | 1,035 | 1,045 |
Westfield Corp. Ltd. 3.15% 20227 | 6,020 | 6,116 |
404,568 | ||
Total corporate bonds, notes & loans | 15,766,171 | |
Mortgage-backed obligations 8.08% Federal agency mortgage-backed obligations 7.85% | ||
Fannie Mae Pool #885290 6.00% 202114 | 6 | 6 |
Fannie Mae Pool #932119 4.50% 202414 | 404 | 426 |
Fannie Mae Pool #995265 5.50% 202414 | 24 | 25 |
Fannie Mae Pool #AD8191 4.00% 202514 | 183 | 194 |
Fannie Mae Pool #AB1066 4.00% 202514 | 3 | 3 |
Fannie Mae Pool #AD6392 4.50% 202514 | 358 | 380 |
Fannie Mae Pool #AD3149 4.50% 202514 | 214 | 227 |
Fannie Mae Pool #AD5692 4.50% 202514 | 192 | 204 |
Fannie Mae Pool #AD6119 4.50% 202514 | 185 | 194 |
Fannie Mae Pool #AJ6967 3.00% 202614 | 4,449 | 4,660 |
Fannie Mae Pool #AJ5522 3.00% 202614 | 1,438 | 1,506 |
Fannie Mae Pool #AJ9387 3.00% 202614 | 3 | 4 |
Fannie Mae Pool #AI6180 4.00% 202614 | 55 | 58 |
Fannie Mae Pool #AH6941 4.00% 202614 | 4 | 4 |
Fannie Mae Pool #888204 6.00% 202614 | 364 | 406 |
Fannie Mae Pool #AL5603 3.00% 202714 | 343 | 360 |
Fannie Mae Pool #MA1035 3.00% 202714 | 82 | 86 |
Fannie Mae Pool #AK5169 3.00% 202714 | 50 | 52 |
Fannie Mae Pool #AL2940 3.50% 202714 | 328 | 351 |
Fannie Mae Pool #BM4533 4.00% 202714 | 1,516 | 1,608 |
Fannie Mae Pool #AL4693 3.00% 202814 | 15 | 16 |
Fannie Mae Pool #AU6794 3.00% 202814 | 6 | 6 |
Fannie Mae Pool #MA3345 3.50% 202814 | 123 | 130 |
Fannie Mae Pool #AL8241 3.00% 202914 | 343 | 360 |
Fannie Mae Pool #AL8347 4.00% 202914 | 463 | 492 |
Fannie Mae Pool #BM4299 3.00% 203014 | 2,125 | 2,223 |
Fannie Mae Pool #BM1231 3.50% 203114 | 324 | 346 |
Fannie Mae Pool #890805 4.00% 203114 | 564 | 598 |
Fannie Mae Pool #BJ5674 3.00% 203314 | 373 | 391 |
Fannie Mae Pool #BO9972 3.00% 2033 | 44 | 46 |
Fannie Mae Pool #MA3541 4.00% 203314 | 387 | 411 |
Fannie Mae Pool #BJ6249 4.00% 203314 | 229 | 248 |
Fannie Mae Pool #BM5494 4.00% 203314 | 209 | 221 |
Fannie Mae Pool #254767 5.50% 203314 | 170 | 200 |
Fannie Mae Pool #BP0033 2.50% 203414 | 776 | 806 |
Fannie Mae Pool #BO7771 2.50% 203414 | 513 | 533 |
Fannie Mae Pool #CA4891 3.00% 203414 | 11,825 | 12,390 |
Fannie Mae Pool #MA3611 4.00% 203414 | 192 | 204 |
Fannie Mae Pool #BN1085 4.00% 203414 | 18 | 19 |
The Income Fund of America — Page 30 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Fannie Mae Pool #MA4205 1.50% 203514 | $866,423 | $884,945 |
Fannie Mae Pool #MA4178 1.50% 203514 | 830,911 | 849,482 |
Fannie Mae Pool #MA4179 2.00% 203514 | 100,000 | 103,772 |
Fannie Mae Pool #MA4206 2.00% 203514 | 87,730 | 91,039 |
Fannie Mae Pool #735228 5.50% 203514 | 153 | 180 |
Fannie Mae Pool #AS8554 3.00% 203614 | 25,400 | 26,675 |
Fannie Mae Pool #BE4703 3.00% 203614 | 818 | 871 |
Fannie Mae Pool #888795 5.50% 203614 | 977 | 1,146 |
Fannie Mae Pool #256308 6.00% 203614 | 261 | 308 |
Fannie Mae Pool #878099 6.00% 203614 | 182 | 211 |
Fannie Mae Pool #880426 6.00% 203614 | 63 | 70 |
Fannie Mae Pool #888637 6.00% 203714 | 1,646 | 1,942 |
Fannie Mae Pool #950991 6.00% 203714 | 569 | 664 |
Fannie Mae Pool #936999 6.00% 203714 | 489 | 562 |
Fannie Mae Pool #941315 6.50% 203714 | 121 | 141 |
Fannie Mae Pool #945832 6.50% 203714 | 95 | 113 |
Fannie Mae Pool #995674 6.00% 203814 | 938 | 1,104 |
Fannie Mae Pool #929964 6.00% 203814 | 530 | 620 |
Fannie Mae Pool #AE0967 3.50% 203914 | 147 | 159 |
Fannie Mae Pool #932274 4.50% 203914 | 9,272 | 10,421 |
Fannie Mae Pool #AC0479 6.00% 203914 | 313 | 364 |
Fannie Mae Pool #AE0443 6.50% 203914 | 184 | 215 |
Fannie Mae Pool #AE4483 4.00% 204014 | 2,300 | 2,513 |
Fannie Mae Pool #AE8073 4.00% 204014 | 201 | 224 |
Fannie Mae Pool #AE9377 4.50% 204014 | 17 | 18 |
Fannie Mae Pool #AH0861 4.50% 204014 | 8 | 9 |
Fannie Mae Pool #AD4927 5.00% 204014 | 2,518 | 2,901 |
Fannie Mae Pool #AE0828 3.50% 204114 | 73 | 79 |
Fannie Mae Pool #AB4050 4.00% 204114 | 309 | 346 |
Fannie Mae Pool #AJ4189 4.00% 204114 | 202 | 226 |
Fannie Mae Pool #AJ4154 4.00% 204114 | 197 | 221 |
Fannie Mae Pool #AJ0257 4.00% 204114 | 81 | 91 |
Fannie Mae Pool #AB2470 4.50% 204114 | 55 | 61 |
Fannie Mae Pool #AI8482 5.00% 204114 | 163 | 187 |
Fannie Mae Pool #AI4836 5.00% 204114 | 118 | 135 |
Fannie Mae Pool #AI5571 5.00% 204114 | 112 | 127 |
Fannie Mae Pool #AI3422 5.00% 204114 | 104 | 120 |
Fannie Mae Pool #AB5377 3.50% 204214 | 22,284 | 24,566 |
Fannie Mae Pool #AO9140 3.50% 204214 | 8,021 | 8,707 |
Fannie Mae Pool #AL2745 4.00% 204214 | 1,559 | 1,744 |
Fannie Mae Pool #890407 4.00% 204214 | 522 | 585 |
Fannie Mae Pool #AU3742 3.50% 204314 | 14,957 | 16,364 |
Fannie Mae Pool #AU8813 4.00% 204314 | 2,185 | 2,498 |
Fannie Mae Pool #AU9348 4.00% 204314 | 1,554 | 1,778 |
Fannie Mae Pool #AU9350 4.00% 204314 | 1,274 | 1,429 |
Fannie Mae Pool #AL8354 3.50% 204514 | 8,644 | 9,550 |
Fannie Mae Pool #BC4764 3.00% 204614 | 43,889 | 46,076 |
Fannie Mae Pool #BC0157 3.50% 204614 | 37,868 | 41,667 |
Fannie Mae Pool #AL8522 3.50% 204614 | 17,781 | 19,644 |
Fannie Mae Pool #BF0302 3.00% 204714 | 17,613 | 18,641 |
Fannie Mae Pool #BH4084 3.50% 204714 | 5,448 | 5,778 |
Fannie Mae Pool #CA0770 3.50% 204714 | 808 | 860 |
Fannie Mae Pool #MA3121 4.00% 204714 | 7,702 | 8,261 |
Fannie Mae Pool #BM4413 4.50% 204714 | 9,496 | 10,299 |
The Income Fund of America — Page 31 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Fannie Mae Pool #947661 6.50% 204714 | $225 | $243 |
Fannie Mae Pool #953823 7.00% 204714 | 269 | 313 |
Fannie Mae Pool #947554 7.00% 204714 | 139 | 162 |
Fannie Mae Pool #920015 7.00% 204714 | 82 | 95 |
Fannie Mae Pool #257036 7.00% 204714 | 17 | 19 |
Fannie Mae Pool #BF0293 3.00% 204814 | 18,164 | 19,343 |
Fannie Mae Pool #BF0318 3.50% 204814 | 18,002 | 19,446 |
Fannie Mae Pool #BJ3775 3.50% 204814 | 12,942 | 13,708 |
Fannie Mae Pool #FM1784 4.00% 204814 | 18,951 | 20,650 |
Fannie Mae Pool #CA1542 4.00% 204814 | 12,727 | 13,987 |
Fannie Mae Pool #BK0920 4.00% 204814 | 3,683 | 3,929 |
Fannie Mae Pool #BJ9252 4.00% 204814 | 1,080 | 1,153 |
Fannie Mae Pool #BK0915 4.00% 204814 | 323 | 345 |
Fannie Mae Pool #CA2493 4.50% 204814 | 21 | 22 |
Fannie Mae Pool #CA4534 3.00% 204914 | 63,835 | 69,179 |
Fannie Mae Pool #CA4756 3.00% 204914 | 56,337 | 61,054 |
Fannie Mae Pool #CA3807 3.00% 204914 | 3,123 | 3,411 |
Fannie Mae Pool #CA3806 3.00% 204914 | 1,660 | 1,822 |
Fannie Mae Pool #CA4156 3.50% 204914 | 182,683 | 197,950 |
Fannie Mae Pool #CA4804 3.50% 204914 | 72,666 | 79,144 |
Fannie Mae Pool #CA4112 3.50% 204914 | 70,119 | 78,060 |
Fannie Mae Pool #CA3814 3.50% 204914 | 62,913 | 70,038 |
Fannie Mae Pool #CA4802 3.50% 204914 | 53,871 | 59,515 |
Fannie Mae Pool #FM2092 3.50% 204914 | 37,906 | 41,452 |
Fannie Mae Pool #FM1954 3.50% 204914 | 11,933 | 12,840 |
Fannie Mae Pool #FM1589 3.50% 204914 | 7,421 | 7,985 |
Fannie Mae Pool #MA3686 3.50% 2049 | 519 | 519 |
Fannie Mae Pool #CA3976 4.00% 204914 | 146,254 | 159,950 |
Fannie Mae Pool #CA3184 4.00% 204914 | 25,480 | 27,909 |
Fannie Mae Pool #CA4432 4.00% 204914 | 14,323 | 15,665 |
Fannie Mae Pool #FM1668 4.00% 204914 | 10,001 | 10,938 |
Fannie Mae Pool #MA4183 2.50% 205014 | 11,156 | 11,646 |
Fannie Mae Pool #MA3939 3.50% 205014 | —8 | —8 |
Fannie Mae Pool #BF0167 3.00% 205714 | 1,260 | 1,367 |
Fannie Mae Pool #BF0264 3.50% 205814 | 21,326 | 23,608 |
Fannie Mae Pool #BF0332 3.00% 205914 | 111,901 | 121,414 |
Fannie Mae, Series 2001-4, Class NA, 9.012% 202511,14 | —8 | —8 |
Fannie Mae, Series 2001-4, Class GA, 9.114% 202511,14 | 1 | 1 |
Fannie Mae, Series 2007-33, Class HE, 5.50% 203714 | 1,689 | 1,972 |
Fannie Mae, Series 2007-24, Class P, 6.00% 203714 | 778 | 923 |
Fannie Mae, Series 2001-T10, Class A1, 7.00% 204114 | 166 | 197 |
Fannie Mae, Series 2001-50, Class BA, 7.00% 204114 | 152 | 175 |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 204114 | 117 | 144 |
Fannie Mae, Series 2002-W1, Class 2A, 5.525% 204211,14 | 329 | 369 |
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 202211,14 | 2,390 | 2,452 |
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 202214 | 5,454 | 5,550 |
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 202214 | 3,594 | 3,665 |
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 202311,14 | 5,869 | 6,232 |
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 202311,14 | 6,611 | 7,071 |
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 202411,14 | 7,587 | 8,224 |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.487% 202411,14 | 7,177 | 7,778 |
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.477% 202611,14 | 16,665 | 18,168 |
Freddie Mac Pool #ZS8443 3.00% 202614 | 61 | 64 |
Freddie Mac Pool #ZK3536 3.50% 202614 | 15 | 16 |
The Income Fund of America — Page 32 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Freddie Mac Pool #ZK7580 3.00% 202714 | $1,097 | $1,163 |
Freddie Mac Pool #ZS7297 3.00% 202714 | 8 | 9 |
Freddie Mac Pool #ZS7102 3.00% 202814 | 5,787 | 6,071 |
Freddie Mac Pool #ZK7590 3.00% 202914 | 8,061 | 8,510 |
Freddie Mac Pool #ZK7593 3.00% 202914 | 3,718 | 3,932 |
Freddie Mac Pool #J38004 3.00% 203214 | 1,243 | 1,333 |
Freddie Mac Pool #J38387 3.00% 203314 | 53 | 56 |
Freddie Mac Pool #SB8078 1.50% 203514 | 935,734 | 955,738 |
Freddie Mac Pool #SB8073 1.50% 203514 | 593,090 | 605,769 |
Freddie Mac Pool #G04805 4.50% 203514 | 4,640 | 5,116 |
Freddie Mac Pool #K93766 3.00% 203614 | 620 | 661 |
Freddie Mac Pool #K93772 3.00% 203614 | 527 | 565 |
Freddie Mac Pool #G04553 6.50% 203814 | 464 | 529 |
Freddie Mac Pool #G08353 4.50% 203914 | 407 | 457 |
Freddie Mac Pool #A87892 5.00% 203914 | 863 | 996 |
Freddie Mac Pool #A87873 5.00% 203914 | 421 | 486 |
Freddie Mac Pool #G05937 4.50% 204014 | 9,733 | 10,897 |
Freddie Mac Pool #A97342 4.00% 204114 | 542 | 582 |
Freddie Mac Pool #Q02676 4.50% 204114 | 996 | 1,121 |
Freddie Mac Pool #Q01746 4.50% 204114 | 720 | 803 |
Freddie Mac Pool #Q02849 4.50% 204114 | 694 | 770 |
Freddie Mac Pool #A96488 5.00% 204114 | 50 | 57 |
Freddie Mac Pool #G07221 4.50% 204214 | 1,477 | 1,660 |
Freddie Mac Pool #G07189 4.50% 204214 | 914 | 1,028 |
Freddie Mac Pool #Q23190 4.00% 204314 | 2,750 | 3,084 |
Freddie Mac Pool #Q23185 4.00% 204314 | 1,750 | 2,002 |
Freddie Mac Pool #Z40130 3.00% 204614 | 8,117 | 8,942 |
Freddie Mac Pool #G60559 4.00% 204614 | 12,863 | 14,075 |
Freddie Mac Pool #V82662 4.00% 204614 | 10,352 | 11,328 |
Freddie Mac Pool #Q44400 4.00% 204614 | 8,114 | 8,880 |
Freddie Mac Pool #Q41909 4.50% 204614 | 5,349 | 5,867 |
Freddie Mac Pool #Q41090 4.50% 204614 | 1,634 | 1,785 |
Freddie Mac Pool #G61733 3.00% 204714 | 10,440 | 11,410 |
Freddie Mac Pool #Q50029 3.50% 204714 | 20,063 | 21,248 |
Freddie Mac Pool #Q52216 3.50% 204714 | 14,981 | 15,881 |
Freddie Mac Pool #G08792 3.50% 204714 | 14,184 | 15,046 |
Freddie Mac Pool #Q52157 3.50% 204714 | 1,024 | 1,085 |
Freddie Mac Pool #G61628 3.50% 204814 | 1,405 | 1,535 |
Freddie Mac Pool #SI2002 4.00% 204814 | 4,939 | 5,284 |
Freddie Mac Pool #SD0045 4.50% 204814 | 36,336 | 40,393 |
Freddie Mac Pool #Q63663 3.00% 204914 | 10,494 | 11,410 |
Freddie Mac Pool #QA5125 3.50% 204914 | 36,078 | 39,857 |
Freddie Mac Pool #SD7508 3.50% 204914 | 28,395 | 31,370 |
Freddie Mac Pool #SD7503 3.50% 204914 | 8,182 | 8,870 |
Freddie Mac Pool #RA1744 4.00% 204914 | 71,587 | 78,291 |
Freddie Mac Pool #ZN3568 4.50% 204914 | 27 | 29 |
Freddie Mac Pool #RA2596 2.50% 205014 | 21,209 | 22,452 |
Freddie Mac Pool #RA1914 3.00% 205014 | 54,398 | 58,324 |
Freddie Mac Pool #RA2020 3.00% 205014 | 12,689 | 13,605 |
Freddie Mac, Series 3257, Class PA, 5.50% 203614 | 1,641 | 1,914 |
Freddie Mac, Series 3286, Class JN, 5.50% 203714 | 1,290 | 1,449 |
Freddie Mac, Series 3318, Class JT, 5.50% 203714 | 774 | 881 |
Freddie Mac, Series K036, Class A1, Multi Family, 2.777% 202314 | 4,731 | 4,875 |
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 202511,14 | 5,913 | 6,645 |
The Income Fund of America — Page 33 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Federal agency mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 202614 | $11,055 | $12,360 |
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 202714 | 6,340 | 7,181 |
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 202714 | 7,695 | 8,749 |
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 202814 | 4,164 | 4,963 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 205611,14 | 12,150 | 12,855 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 205614 | 11,958 | 12,683 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 205611,14 | 11,432 | 12,107 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class MA, 3.00% 205614 | 1,459 | 1,555 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 205611,14 | 11,360 | 12,128 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 205711,14 | 2,808 | 3,061 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 205714 | 2,272 | 2,532 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 205714 | 5,820 | 6,295 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 205814 | 14,288 | 15,503 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 205914 | 8,155 | 8,695 |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 202814 | 3,991 | 4,231 |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A1D, 2.00% 203014 | 18,652 | 18,775 |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2020-1, Class A2D, 2.00% 203014 | 3,140 | 3,228 |
Government National Mortgage Assn. 4.00% 204814 | 14,020 | 15,105 |
Government National Mortgage Assn. 4.00% 204814 | 12,020 | 13,050 |
Government National Mortgage Assn. 4.00% 204814 | 3,897 | 4,315 |
Government National Mortgage Assn. 2.00% 205014,15 | 237,782 | 246,271 |
Government National Mortgage Assn. 2.50% 205014,15 | 102,969 | 107,594 |
Government National Mortgage Assn. 2.00% 205114,15 | 319,693 | 330,483 |
Government National Mortgage Assn. Pool #783687 4.50% 204114 | 547 | 593 |
Government National Mortgage Assn. Pool #MA5876 4.00% 204914 | 20,861 | 22,191 |
Government National Mortgage Assn. Pool #MA5986 4.00% 204914 | 3,410 | 3,632 |
Government National Mortgage Assn. Pool #MA6092 4.50% 204914 | 21,039 | 22,839 |
Government National Mortgage Assn. Pool #MA5764 4.50% 204914 | 9,068 | 9,762 |
Government National Mortgage Assn. Pool #MA6995 2.50% 205014 | 10,615 | 11,137 |
Uniform Mortgage-Backed Security 1.50% 203514,15 | 769,775 | 784,870 |
Uniform Mortgage-Backed Security 2.00% 203514,15 | 455,650 | 471,918 |
Uniform Mortgage-Backed Security 2.00% 205014,15 | 32,605 | 33,544 |
Uniform Mortgage-Backed Security 2.50% 205014,15 | 38,842 | 40,409 |
Uniform Mortgage-Backed Security 3.00% 205014,15 | 24,040 | 25,127 |
Uniform Mortgage-Backed Security 3.50% 205014,15 | 42,000 | 44,357 |
Uniform Mortgage-Backed Security 4.00% 205014,15 | 51,788 | 55,312 |
Uniform Mortgage-Backed Security 4.50% 205014,15 | 1,124 | 1,215 |
Uniform Mortgage-Backed Security 2.00% 205114,15 | 171,141 | 175,714 |
Uniform Mortgage-Backed Security 2.50% 205114,15 | 180,000 | 187,031 |
8,252,481 | ||
Collateralized mortgage-backed obligations (privately originated) 0.12% | ||
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 20487,11,14 | 7,979 | 8,077 |
Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 20557,14 | 1,270 | 1,278 |
Bellemeade Re Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 1.748% 20297,11,14 | 10,160 | 10,005 |
BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 20597,14 | 3,391 | 3,501 |
BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 20597,11,14 | 2,764 | 2,863 |
Bunker Hill Loan Depositary Trust, Series 2019-1, Class A1, 3.613% 20487,11,14 | 1,537 | 1,599 |
Bunker Hill Loan Depositary Trust, Series 2019-1, Class A3, 3.919% 20487,11,14 | 2,290 | 2,364 |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M1, 2.572% 20297,11,14 | 4,293 | 4,341 |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M2, 2.863% 20297,11,14 | 1,045 | 1,059 |
Cascade Funding Mortgage Trust, Series 2019-HB1, Class M3, 3.257% 20297,11,14 | 535 | 530 |
The Income Fund of America — Page 34 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Collateralized mortgage-backed obligations (privately originated) (continued) | Principal amount (000) | Value (000) |
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 20687,11,14 | $2,277 | $2,364 |
Citigroup Mortgage Loan Trust Inc., Series 2020-EXP1, Class A1A, 1.804% 20607,11,14 | 3,930 | 3,960 |
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 2A5, 5.50% 203514 | 2,198 | 1,741 |
Countrywide Alternative Loan Trust, Series 2007-HY4, Class 3A1, 3.187% 204711,14 | 1,698 | 1,472 |
Credit Suisse Mortgage Trust, Series 2020-NET, Class A, 2.257% 20377,14 | 10,960 | 11,289 |
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 203414 | 453 | 473 |
Finance of America HECM Buyout, Series 2019-HB1, Class M1, 2.105% 20307,11,14 | 3,100 | 3,115 |
Finance of America HECM Buyout, Series 2020-HB1, Class M2, 2.389% 20307,11,14 | 1,000 | 980 |
Finance of America HECM Buyout, Series 2020-HB1, Class M3, 2.723% 20307,11,14 | 507 | 487 |
Finance of America HECM Buyout, Series 2019-AB1, Class A, 2.656% 20497,14 | 1,151 | 1,157 |
Finance of America HECM Buyout, Series 2019-AB1, Class M1, 3.50% 20497,14 | 4,007 | 4,021 |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20697,14 | 11,034 | 11,822 |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20697,14 | 10,760 | 11,628 |
IndyMac INDX Mortgage Loan Trust, Series 2006-AR5, Class 2A1, 3.457% 203611,14 | 2,458 | 2,395 |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 205014 | 560 | 627 |
JPMorgan Mortgage Trust, Series 2020-INV1, Class A3, 3.50% 20507,11,14 | 3,416 | 3,537 |
JPMorgan Mortgage Trust, Series 2019-INV3, Class A13, 3.50% 20507,11,14 | 987 | 1,022 |
JPMorgan Mortgage Trust, Series 2019-INV3, Class A3, 3.50% 20507,11,14 | 942 | 975 |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20597,11,14 | 3,673 | 3,711 |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20597,11,14 | 2,000 | 2,019 |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 0.899% 20527,11,14 | 3,501 | 3,507 |
Onslow Bay Financial LLC, Series 2020-INV1, Class A5, 3.50% 20497,11,14 | 2,166 | 2,251 |
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 20487,11,14 | 3,499 | 3,587 |
Starwood Mortgage Residential Trust, Series 2019-IMC1, Class A1, 3.468% 20497,11,14 | 2,779 | 2,800 |
Starwood Mortgage Residential Trust, Series 2019-IMC1, Class A3, 3.754% 20497,11,14 | 4,089 | 4,103 |
Structured Adjustable Rate Mortgage Loan Trust, Series 2006-4, Class 6A, 3.429% 203611,14 | 1,609 | 1,332 |
121,992 | ||
Commercial mortgage-backed securities 0.11% | ||
Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 205214 | 240 | 276 |
Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 205214 | 1,810 | 2,123 |
Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 206114 | 2,403 | 2,691 |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 206114 | 310 | 346 |
Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 206114 | 480 | 547 |
Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 206111,14 | 5,772 | 6,789 |
Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 206314 | 3,772 | 3,998 |
Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 205214 | 5,996 | 7,119 |
Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 205314 | 3,146 | 3,296 |
Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 205311,14 | 1,844 | 2,226 |
Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 204914 | 500 | 547 |
Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 204914 | 1,440 | 1,595 |
Commercial Mortgage Trust, Series 2012-CR3, Class B, 3.922% 20457,14 | 925 | 904 |
Commercial Mortgage Trust, Series 2013-LC13, Class B, 5.009% 20467,11,14 | 668 | 701 |
Commercial Mortgage Trust, Series 2014-LC15, Class AM, 4.198% 204714 | 800 | 867 |
CSAIL Commercial Mortgage Trust, Series 2015-C4, Class C, 4.565% 204811,14 | 437 | 429 |
CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.044% 205011,14 | 650 | 681 |
Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 204914 | 400 | 436 |
GS Mortgage Securities Corp. II, Series 2011-GC5, Class B, 5.388% 20447,11,14 | 1,134 | 1,127 |
GS Mortgage Securities Corp. II, Series 2017-GS7, Class A4, 3.43% 205014 | 940 | 1,056 |
GS Mortgage Securities Corp. II, Series 2020-GC47, Class A5, 2.377% 205314 | 11,815 | 12,490 |
GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 205214 | 240 | 279 |
JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class A5, 4.079% 204714 | 7,735 | 8,421 |
JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 205014 | 1,510 | 1,705 |
The Income Fund of America — Page 35 of 45
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) Commercial mortgage-backed securities (continued) | Principal amount (000) | Value (000) |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2018-BCON, Class A, 3.735% 20317,14 | $1,850 | $1,927 |
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 204911,14 | 4,810 | 5,409 |
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 20267,14 | 1,447 | 1,428 |
Manhattan West, Series 2020-OMW, Class A, 2.13% 20397,14 | 15,628 | 16,145 |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2014-C17, Class A5, 3.741% 204714 | 4,811 | 5,226 |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 204814 | 960 | 1,038 |
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 204914 | 580 | 655 |
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 20297,14 | 6,370 | 6,447 |
Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 204814 | 1,550 | 1,728 |
Morgan Stanley Capital I Trust, Series 2016-UBS9, Class C, 4.608% 204911,14 | 446 | 426 |
Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A-4, 3.789% 204814 | 5,755 | 6,304 |
Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class C, 4.101% 204811,14 | 470 | 457 |
Wells Fargo Commercial Mortgage Trust, Series 2016-BNK1, Class B, 2.967% 204914 | 750 | 742 |
Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class AS, 3.484% 204914 | 285 | 309 |
Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 204914 | 6,015 | 6,826 |
Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 205214 | 2,405 | 2,672 |
Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class AS, 3.988% 205914 | 500 | 555 |
Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 206014 | 480 | 542 |
119,485 | ||
Total mortgage-backed obligations | 8,493,958 | |
U.S. Treasury bonds & notes 2.67% U.S. Treasury 2.23% | ||
U.S. Treasury 1.375% 2021 | 94,000 | 94,297 |
U.S. Treasury 2.25% 2021 | 100,000 | 101,063 |
U.S. Treasury 2.625% 2021 | 100,000 | 101,754 |
U.S. Treasury 2.75% 2021 | 20,000 | 20,454 |
U.S. Treasury 0.125% 2022 | 125,000 | 124,937 |
U.S. Treasury 1.375% 2022 | 50,000 | 50,767 |
U.S. Treasury 2.125% 2022 | 28,000 | 29,184 |
U.S. Treasury 1.625% 2023 | 21,000 | 21,758 |
U.S. Treasury 2.375% 2023 | 10,000 | 10,495 |
U.S. Treasury 2.75% 2023 | 66,300 | 70,949 |
U.S. Treasury 2.75% 2023 | 10,000 | 10,641 |
U.S. Treasury 6.25% 2023 | 14,000 | 16,361 |
U.S. Treasury 1.75% 2024 | 20,000 | 21,089 |
U.S. Treasury 2.125% 2024 | 10,000 | 10,642 |
U.S. Treasury 0.25% 2025 | 529,867 | 527,118 |
U.S. Treasury 0.375% 2025 | 273,300 | 273,783 |
U.S. Treasury 2.00% 202516 | 159,000 | 171,316 |
U.S. Treasury 1.625% 2026 | 30,000 | 31,885 |
U.S. Treasury 1.625% 2026 | 20,000 | 21,301 |
U.S. Treasury 0.50% 2027 | 25,000 | 24,788 |
U.S. Treasury 2.875% 2028 | 28,000 | 32,499 |
U.S. Treasury 0.625% 2030 | 170,797 | 166,807 |
U.S. Treasury 1.50% 2030 | 31,651 | 33,554 |
U.S. Treasury 2.875% 2046 | 27,970 | 35,673 |
U.S. Treasury 2.875% 2049 | 50,000 | 64,323 |
U.S. Treasury 1.25% 2050 | 60,450 | 54,562 |
U.S. Treasury 1.375% 205016 | 209,968 | 195,696 |
U.S. Treasury 2.00% 2050 | 20,000 | 21,639 |
2,339,335 |
The Income Fund of America — Page 36 of 45
unaudited
Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury inflation-protected securities 0.44% | Principal amount (000) | Value (000) |
U.S. Treasury Inflation-Protected Security 0.625% 202417 | $66,830 | $70,669 |
U.S. Treasury Inflation-Protected Security 0.25% 202917 | 12,751 | 14,100 |
U.S. Treasury Inflation-Protected Security 1.00% 204916,17 | 147,227 | 198,020 |
U.S. Treasury Inflation-Protected Security 0.25% 205017 | 156,383 | 178,395 |
461,184 | ||
Total U.S. Treasury bonds & notes | 2,800,519 | |
Asset-backed obligations 0.37% | ||
Aesop Funding LLC, Series 2017-2A, Class A, 2.97% 20247,14 | 2,880 | 2,969 |
Aesop Funding LLC, Series 2018-1A, Class A, 3.70% 20247,14 | 1,671 | 1,759 |
Aesop Funding LLC, Series 2020-2, Class A, 2.02% 20277,14 | 5,663 | 5,733 |
Aesop Funding LLC, Series 2020-2A, Class B, 2.96% 20277,14 | 1,453 | 1,477 |
Aesop Funding LLC, Series 2020-2A, Class C, 4.25% 20277,14 | 4,605 | 4,696 |
American Credit Acceptance Receivables Trust, Series 2020-3, Class B, 1.15% 20247,14 | 1,800 | 1,809 |
American Credit Acceptance Receivables Trust, Series 2020-3, Class C, 1.85% 20267,14 | 5,529 | 5,602 |
CarMaxAuto Owner Trust, Series 2019-2, Class C, 3.16% 202514 | 450 | 472 |
CF Hippolyta LLC, Series 2020-1, Class A1, 1.69% 20607,14 | 26,294 | 26,639 |
CF Hippolyta LLC, Series 2020-1, Class A2, 1.99% 20607,14 | 6,551 | 6,628 |
CF Hippolyta LLC, Series 2020-1, Class B1, 2.28% 20607,14 | 8,857 | 8,925 |
CF Hippolyta LLC, Series 2020-1, Class B2, 2.60% 20607,14 | 967 | 979 |
Cloud Pass-Through Trust, Series 2019-1A, Class CLOU, 3.554% 20227,11,14 | 1,676 | 1,702 |
CPS Auto Receivables Trust, Series 2019-B, Class C, 3.35% 20247,14 | 1,040 | 1,062 |
CPS Auto Receivables Trust, Series 2019-C, Class C, 2.84% 20257,14 | 1,040 | 1,064 |
CPS Auto Receivables Trust, Series 2019-C, Class D, 3.17% 20257,14 | 1,575 | 1,608 |
CPS Auto Receivables Trust, Series 2019-B, Class D, 3.69% 20257,14 | 3,805 | 3,923 |
Credit Acceptance Auto Loan Trust, Series 2020-1A, Class A, 2.01% 20297,14 | 2,223 | 2,272 |
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD-LIBOR + 0.14%) 0.288% 203711,14 | 536 | 513 |
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD-LIBOR + 0.15%) 0.298% 203711,14 | 973 | 938 |
Drive Auto Receivables Trust, Series 2019-2, Class B, 3.17% 202314 | 3,375 | 3,412 |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 202514 | 15,145 | 15,610 |
Drive Auto Receivables Trust, Series 2019-2, Class C, 3.42% 202514 | 6,350 | 6,537 |
Drive Auto Receivables Trust, Series 2019-3, Class D, 3.18% 202614 | 12,390 | 12,889 |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20257,14 | 1,100 | 1,123 |
Drivetime Auto Owner Trust, Series 2019-3, Class D, 2.96% 20257,14 | 2,395 | 2,457 |
Drivetime Auto Owner Trust, Series 2019-2A, Class C, 3.18% 20257,14 | 3,205 | 3,278 |
Drivetime Auto Owner Trust, Series 2019-2A, Class D, 3.48% 20257,14 | 5,950 | 6,180 |
Drivetime Auto Owner Trust, Series 2020-3A, Class C, 1.47% 20267,14 | 1,961 | 1,974 |
Exeter Automobile Receivables Trust, Series 2019-2A, Class B, 3.06% 20237,14 | 3,719 | 3,746 |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20247,14 | 7,000 | 7,154 |
Exeter Automobile Receivables Trust, Series 2019-2A, Class C, 3.30% 20247,14 | 3,570 | 3,655 |
Exeter Automobile Receivables Trust, Series 2020-3A, Class C, 1.32% 202514 | 1,872 | 1,877 |
Exeter Automobile Receivables Trust, Series 2019-3A, Class D, 3.11% 20257,14 | 7,000 | 7,200 |
Exeter Automobile Receivables Trust, Series 2019-2A, Class D, 3.71% 20257,14 | 8,000 | 8,366 |
Exeter Automobile Receivables Trust, Series 2020-3A, Class D, 1.73% 202614 | 1,786 | 1,788 |
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 20377,14 | 16,989 | 16,953 |
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 20287,14 | 9,500 | 9,771 |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20307,14 | 10,105 | 10,869 |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.52% 20307,14 | 5,634 | 6,142 |
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 20317,14 | 34,011 | 35,618 |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20317,14 | 6,605 | 7,218 |
Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 20407,14 | 12,174 | 12,179 |
The Income Fund of America — Page 37 of 45
unaudited
Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) |
Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 20407,14 | $16,000 | $16,051 |
GM Financial Automobile Leasing Trust, Series 2020-2, Class B, 1.56% 202414 | 834 | 849 |
GM Financial Automobile Leasing Trust, Series 2020-2, Class C, 2.56% 202414 | 696 | 722 |
GM Financial Automobile Leasing Trust, Series 2020-2, Class D, 3.21% 202414 | 984 | 1,023 |
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class C, 2.77% 202314 | 605 | 618 |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2017-2A, Class A, 3.29% 20237,14 | 985 | 988 |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2018-1A, Class A, 3.29% 20247,14 | 1,581 | 1,590 |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2018-3A, Class A, 4.03% 20247,14 | 572 | 577 |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2019-3A, Class A, 2.67% 20257,14 | 1,241 | 1,248 |
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 2.70% 20247,14 | 3,060 | 3,138 |
Prestige Auto Receivables Trust, Series 2019-1A, Class D, 3.01% 20257,14 | 1,895 | 1,955 |
Santander Drive Auto Receivables Trust, Series 2020-1, Class B, 3.03% 202414 | 4,138 | 4,317 |
Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.22% 202514 | 4,350 | 4,499 |
Santander Drive Auto Receivables Trust, Series 2020-1, Class C, 4.11% 202514 | 21,000 | 22,518 |
Santander Drive Auto Receivables Trust, Series 2020-3, Class C, 1.12% 202614 | 7,296 | 7,314 |
Santander Drive Auto Receivables Trust, Series 2020-3, Class D, 1.64% 202614 | 4,422 | 4,433 |
Social Professional Loan Program LLC, Series 2015-D, Class A2, 2.72% 20367,14 | 1,284 | 1,304 |
Symphony Ltd., CLO, Series 2013-12A, Class AR, (3-month USD-LIBOR + 1.03%) 1.267% 20257,11,14 | 1,696 | 1,693 |
Textainer Marine Containers Ltd., Series 2020-2A, Class A, 2.10% 20457,14 | 2,367 | 2,368 |
Westlake Automobile Receivables Trust, Series 2020-3A, Class C, 1.24% 20257,14 | 3,374 | 3,383 |
Westlake Automobile Receivables Trust, Series 2020-3A, Class D, 1.65% 20267,14 | 6,549 | 6,560 |
World Financial Network Credit Card Master Note Trust, Series 2018-B, Class A, 3.46% 202514 | 9,025 | 9,255 |
World Financial Network Credit Card Master Note Trust, Series 2019-C, Class A, 2.21% 202614 | 28,000 | 28,917 |
392,086 | ||
Municipals 0.33% Illinois 0.33% | ||
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 | 53,770 | 55,223 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 2029 | 28,045 | 28,928 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 | 11,385 | 11,304 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2011-A, 5.50% 2039 | 910 | 922 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2015-C, 5.25% 2039 | 2,630 | 2,770 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2026 | 2,440 | 2,728 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2030 | 4,880 | 5,370 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% 2034 | 1,085 | 1,176 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-D, 5.00% 2031 | 2,170 | 2,376 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-G, 5.00% 2044 | 2,990 | 3,160 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% 2036 | 2,170 | 2,336 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% 2046 | 8,615 | 9,082 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2026 | 1,630 | 1,823 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2028 | 1,900 | 2,369 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2029 | 950 | 1,168 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2029 | 540 | 601 |
The Income Fund of America — Page 38 of 45
unaudited
Bonds, notes & other debt instruments (continued) Municipals (continued) Illinois (continued) | Principal amount (000) | Value (000) |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2030 | $540 | $660 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2030 | 540 | 598 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2031 | 1,085 | 1,319 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2032 | 1,085 | 1,312 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2033 | 540 | 650 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, Assured Guaranty Municipal insured, 5.00% 2034 | 620 | 672 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, Assured Guaranty Municipal insured, 5.00% 2028 | 2,415 | 3,016 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, Assured Guaranty Municipal insured, 5.00% 2029 | 1,630 | 2,014 |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Capital Appreciation Bonds, Series 1998-B-1, National insured, 0% 2031 | 1,085 | 738 |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Series 2011-A, 5.00% 2041 | 1,470 | 1,481 |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Series 2012-A, 5.00% 2042 | 4,155 | 4,207 |
City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax G.O. Bonds (Dedicated Tax Rev.), Series 2016-A, 7.00% 2044 | 800 | 943 |
G.O. Bonds, Pension Funding Series 2003, 4.95% 2023 | 10,090 | 10,425 |
G.O. Bonds, Pension Funding Series 2003, 5.10% 2033 | 156,480 | 156,823 |
G.O. Bonds, Series 2013-B, 4.91% 2027 | 3,230 | 3,253 |
G.O. Bonds, Series 2019-A, 4.00% 2023 | 12,000 | 12,316 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2035 | 4,560 | 5,028 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 | 595 | 637 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 6.725% 2035 | 4,500 | 4,982 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-5, 7.35% 2035 | 1,020 | 1,157 |
343,567 | ||
Bonds & notes of governments & government agencies outside the U.S. 0.13% | ||
Abu Dhabi (Emirate of) 2.50% 20257 | 23,000 | 24,445 |
Abu Dhabi (Emirate of) 3.125% 20307 | 23,000 | 25,653 |
Abu Dhabi (Emirate of) 1.70% 20317 | 5,045 | 4,992 |
Abu Dhabi (Emirate of) 3.875% 20507 | 15,700 | 18,685 |
CPPIB Capital Inc. 2.375% 20217 | 8,000 | 8,041 |
Paraguay (Republic of) 4.625% 2023 | 17,130 | 18,149 |
Paraguay (Republic of) 5.00% 2026 | 8,750 | 9,988 |
Paraguay (Republic of) 4.95% 2031 | 19,540 | 22,862 |
PT Indonesia Asahan Aluminium Tbk 4.75% 20257 | 3,060 | 3,320 |
PT Indonesia Asahan Aluminium Tbk 5.45% 20307 | 790 | 900 |
PT Indonesia Asahan Aluminium Tbk 5.80% 20507 | 2,310 | 2,695 |
139,730 | ||
Federal agency bonds & notes 0.04% | ||
Fannie Mae 6.25% 2029 | 32,000 | 45,803 |
Total bonds, notes & other debt instruments (cost: $27,443,835,000) | 27,981,834 |
The Income Fund of America — Page 39 of 45
unaudited
Short-term securities 8.04% Money market investments 8.04% | Shares | Value (000) |
Capital Group Central Cash Fund 0.11%4,18 | 84,197,757 | $8,420,618 |
BlackRock Liquidity Funds – FedFund, Institutional Shares (0.01)%18,19 | 8,600,000 | 8,600 |
Goldman Sachs Financial Square Government Fund, Institutional Shares 0%18,19 | 8,600,000 | 8,600 |
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 0.01%18,19 | 4,279,205 | 4,279 |
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.03%18,19 | 2,600,000 | 2,600 |
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 0.02%18,19 | 1,300,000 | 1,300 |
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 0.02%18,19 | 500,000 | 500 |
Fidelity Investments Money Market Government Portfolio, Class I 0.01%18,19 | 100,000 | 100 |
8,446,597 | ||
Total short-term securities (cost: $8,445,104,000) | 8,446,597 | |
Total investment securities 104.29% (cost: $93,610,192,000) | 109,591,455 | |
Other assets less liabilities (4.29)% | (4,509,837) | |
Net assets 100.00% | $105,081,618 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount20 (000) | Value at 10/31/202021 (000) | Unrealized appreciation (depreciation) at 10/31/2020 (000) |
2 Year U.S. Treasury Note Futures | Long | 4,246 | January 2021 | $849,200 | $937,702 | $5 |
5 Year U.S. Treasury Note Futures | Long | 32,870 | January 2021 | 3,287,000 | 4,128,523 | (8,900) |
10 Year U.S. Treasury Note Futures | Long | 908 | December 2020 | 90,800 | 125,503 | (799) |
10 Year Ultra U.S. Treasury Note Futures | Short | 8,513 | December 2020 | (851,300) | (1,338,935) | 16,736 |
30 Year Ultra U.S. Treasury Bond Futures | Long | 300 | December 2020 | 30,000 | 64,500 | (672) |
$6,370 |
Investments in affiliates4
Value of affiliates at 8/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 10/31/2020 (000) | Dividend or interest income (000) | |
Common stocks 3.18% | |||||||
Health care 0.03% | |||||||
Rotech Healthcare Inc.1,2,5,6 | $28,245 | $— | $— | $— | $3,259 | $31,504 | $— |
Consumer discretionary 0.13% | |||||||
Domino’s Pizza Group PLC1 | 127,913 | — | — | — | 3,841 | 131,754 | 2,234 |
Industrials 0.05% | |||||||
Associated Materials Group Inc.1,2,5 | — | 49,614 | — | — | — | 49,614 | — |
Real estate 0.94% | |||||||
Gaming and Leisure Properties, Inc. REIT | 490,940 | 6,395 | — | — | 1,659 | 498,994 | 8,135 |
Iron Mountain Inc. REIT | 526,025 | — | — | — | (39,745) | 486,280 | 11,541 |
985,274 | |||||||
Utilities 1.35% | |||||||
AES Corp. | 567,458 | — | — | — | 159,096 | 726,554 | 5,339 |
Brookfield Infrastructure Partners LP | 678,586 | — | — | — | 15,948 | 694,534 | 7,873 |
1,421,088 |
The Income Fund of America — Page 40 of 45
unaudited
Investments in affiliates4 (continued)
Value of affiliates at 8/1/2020 (000) | Additions (000) | Reductions (000) | Net realized gain (loss) (000) | Net unrealized appreciation (depreciation) (000) | Value of affiliates at 10/31/2020 (000) | Dividend or interest income (000) | |
Communication services 0.66% | |||||||
Koninklijke KPN NV1 | $554,793 | $— | $— | $— | $25,410 | $580,203 | $— |
HKBN Ltd.1 | 122,079 | — | — | — | (7,798) | 114,281 | — |
694,484 | |||||||
Energy 0.02% | |||||||
Ascent Resources - Utica, LLC, Class A1,2,5,6 | 22,043 | — | — | — | 1,102 | 23,145 | — |
Chesapeake Energy Corp.2 | — | — | — | — | — | — | — |
23,145 | |||||||
Total common stocks | 3,336,863 | ||||||
Convertible stocks 0.08% | |||||||
Financials 0.08% | |||||||
KKR & Co. Inc., Series C, convertible preferred shares, 6.00% | — | 85,554 | — | — | 2,572 | 88,126 | — |
Bonds, notes & other debt instruments 0.16% | |||||||
Utilities 0.06% | |||||||
AES Corp. 3.30% 20257 | 19,301 | — | — | — | 207 | 19,508 | 148 |
AES Corp. 5.50% 2025 | 20,935 | — | — | — | (82) | 20,853 | 310 |
AES Corp. 6.00% 2026 | 12,712 | — | — | — | (121) | 12,591 | 137 |
AES Corp. 5.125% 2027 | 12,433 | — | — | — | (120) | 12,313 | 108 |
AES Corp. 3.95% 20307,22 | 9,293 | — | 9,321 | 705 | (677) | — | 12 |
65,265 | |||||||
Energy 0.00% | |||||||
Ascent Resources - Utica LLC7,22 | 5,922 | — | 2,772 | (50) | 1,966 | — | 152 |
— | |||||||
Real estate 0.10% | |||||||
Iron Mountain Inc. 4.875% 20277 | 11,109 | — | — | — | (226) | 10,883 | 134 |
Iron Mountain Inc. 5.00% 20287 | 15,643 | — | — | — | (214) | 15,429 | 189 |
Iron Mountain Inc. 5.25% 20287 | 18,404 | — | — | — | (445) | 17,959 | 234 |
Iron Mountain Inc. 4.875% 20297 | 16,978 | — | — | — | (598) | 16,380 | 207 |
Iron Mountain Inc. 5.25% 20307 | 20,876 | 6,707 | — | — | (642) | 26,941 | 280 |
Iron Mountain Inc. 4.50% 20317 | — | 18,045 | — | — | (57) | 17,988 | 165 |
105,580 | |||||||
Health care 0.00% | |||||||
Rotech Healthcare Inc., Term Loan1,5,10,11,12,22 | 25,677 | 853 | — | — | — | — | 879 |
— | |||||||
Total bonds, notes & other debt instruments | 170,845 | ||||||
Short-term securities 8.02% | |||||||
Money market investments 8.02% | |||||||
Capital Group Central Cash Fund 0.11%18 | 9,800,686 | 2,227,737 | 3,607,805 | (70) | 70 | 8,420,618 | 3,270 |
Total 11.44% | $585 | $164,405 | $12,016,452 | $41,347 |
The Income Fund of America — Page 41 of 45
unaudited
1 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $17,676,304,000, which represented 16.82% of the net assets of the fund. This amount includes $17,519,376,000 related to certain securities trading outside the U.S. whose values were adjusted as a result of significant market movements following the close of local trading. |
2 | Security did not produce income during the last 12 months. |
3 | All or a portion of this security was on loan. The total value of all such securities was $79,290,000, which represented .08% of the net assets of the fund. |
4 | Affiliate of the fund or part of the same group of investment companies as the fund, in each case as defined under the Investment Company Act of 1940. |
5 | Value determined using significant unobservable inputs. |
6 | Acquired through a private placement transaction exempt from registration under the Securities Act of 1933. May be subject to legal or contractual restrictions on resale. Further details on these holdings appear below. |
7 | Acquired in a transaction exempt from registration under Rule 144A of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $6,967,915,000, which represented 6.63% of the net assets of the fund. |
8 | Amount less than one thousand. |
9 | Step bond; coupon rate may change at a later date. |
10 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $318,100,000, which represented .30% of the net assets of the fund. |
11 | Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. |
12 | Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Most recent payment was 100% cash unless otherwise noted. |
13 | Scheduled interest and/or principal payment was not received. |
14 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
15 | Purchased on a TBA basis. |
16 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $23,770,000, which represented .02% of the net assets of the fund. |
17 | Index-linked bond whose principal amount moves with a government price index. |
18 | Rate represents the seven-day yield at 10/31/2020. |
19 | Security purchased with cash collateral from securities on loan. |
20 | Notional amount is calculated based on the number of contracts and notional contract size. |
21 | Value is calculated based on the notional amount and current market price. |
22 | Unaffiliated issuer at 10/31/2020. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Rotech Healthcare Inc. | 11/26/2014 | $19,660 | $31,504 | .03% |
Ascent Resources - Utica, LLC, Class A | 4/25/2016-11/15/2016 | 56,848 | 23,145 | .02 |
Advanz Pharma Corp. Ltd. | 8/31/2018 | 12,176 | 4,684 | .01 |
Total private placement securities | $88,684 | $59,333 | .06% |
Valuation disclosures
Capital Research and Management Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.
The Income Fund of America — Page 42 of 45
unaudited
Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.
Fixed-income class | Examples of standard inputs |
All | Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”) |
Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
Mortgage-backed; asset-backed obligations | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information |
Municipal securities | Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts |
When the fund’s investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund’s investment adviser. The Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (“Central Funds“), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF’s portfolio securities. The underlying securities are valued based on the policies and procedures in CCF’s statement of additional information. Exchange-traded futures are generally valued at the official settlement price of the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. The average month-end notional amount of futures contracts while held was $4,243,467,000. Credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency. As of October 31, 2020, the fund did not have any credit default swaps. The average month-end notional amount of credit default swaps while held was $588,667,000.
Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees. The fund’s board and audit committee also regularly review reports that describe fair value determinations and methods.
The Income Fund of America — Page 43 of 45
unaudited
The fund’s investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The tables on the following page present the fund’s valuation levels as of October 31, 2020 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Information technology | $7,287,515 | $2,547,931 | $— | $9,835,446 |
Financials | 8,741,661 | 1,019,713 | — | 9,761,374 |
Health care | 5,153,483 | 3,963,096 | 31,504 | 9,148,083 |
Consumer staples | 6,790,284 | 1,909,463 | — | 8,699,747 |
Industrials | 6,116,652 | 1,385,151 | 49,614 | 7,551,417 |
Real estate | 5,849,267 | 900,928 | — | 6,750,195 |
Utilities | 3,819,250 | 1,666,454 | — | 5,485,704 |
Materials | 2,903,471 | 1,475,360 | — | 4,378,831 |
Consumer discretionary | 3,409,362 | 531,087 | 302 | 3,940,751 |
Communication services | 2,083,283 | 1,783,559 | 6 | 3,866,848 |
Energy | 1,983,413 | 243,518 | 26,843 | 2,253,774 |
Preferred securities | 220,309 | 96,577 | — | 316,886 |
Rights & warrants | — | 276 | — | 276 |
Convertible stocks | 1,173,231 | — | — | 1,173,231 |
Convertible bonds & notes | — | — | 461 | 461 |
Bonds, notes & other debt instruments: | ||||
Corporate bonds, notes & loans | — | 15,739,615 | 26,556 | 15,766,171 |
Mortgage-backed obligations | — | 8,493,958 | — | 8,493,958 |
U.S. Treasury bonds & notes | — | 2,800,519 | — | 2,800,519 |
Asset-backed obligations | — | 392,086 | — | 392,086 |
Municipals | — | 343,567 | — | 343,567 |
Bonds & notes of governments & government agencies outside the U.S. | — | 139,730 | — | 139,730 |
Federal agency bonds & notes | — | 45,803 | — | 45,803 |
Short-term securities | 8,446,597 | — | — | 8,446,597 |
Total | $63,977,778 | $45,478,391 | $135,286 | $109,591,455 |
The Income Fund of America — Page 44 of 45
unaudited
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $16,741 | $— | $— | $16,741 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (10,371) | — | — | (10,371) |
Total | $6,370 | $— | $— | $6,370 |
* | Futures contracts are not included in the investment portfolio. |
Key to abbreviations and symbol | |
ADR = American Depositary Receipts | |
CAD = Canadian dollars | |
CLO = Collateralized Loan Obligations | |
G.O. = General Obligation | |
ICE = Intercontinental Exchange, Inc. | |
LIBOR = London Interbank Offered Rate | |
Ref. = Refunding | |
Rev. = Revenue | |
SOFR = Secured Overnight Financing Rate | |
TBA = To-be-announced | |
USD/$ = U.S. dollars |
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
American Funds Distributors, Inc., member FINRA.
© 2020 Capital Group. All rights reserved.
MFGEFP1-006-1220O-S78124 | The Income Fund of America — Page 45 of 45 |