The Income Fund of America®
Investment portfolio
October 31, 2019
unaudited
Common stocks 66.00% Financials 11.06% | Shares | Value (000) |
JPMorgan Chase & Co. | 22,396,000 | $2,797,708 |
CME Group Inc., Class A | 9,740,400 | 2,004,087 |
The Blackstone Group Inc., Class A | 18,955,171 | 1,007,657 |
B3 SA - Brasil, Bolsa, Balcao | 63,238,000 | 762,861 |
Zurich Insurance Group AG | 1,693,179 | 661,653 |
SunTrust Banks, Inc. | 8,300,000 | 567,222 |
KeyCorp | 30,082,000 | 540,574 |
DBS Group Holdings Ltd. | 23,101,604 | 441,502 |
BB Seguridade Participações SA | 44,860,000 | 379,976 |
Citigroup Inc. | 5,185,000 | 372,594 |
T. Rowe Price Group, Inc. | 3,000,000 | 347,400 |
PNC Financial Services Group, Inc. | 2,271,000 | 333,156 |
BNP Paribas SA | 6,200,000 | 323,685 |
Wells Fargo & Co. | 5,700,000 | 294,291 |
BlackRock, Inc. | 556,600 | 256,982 |
Apollo Global Management, Inc., Class A | 5,250,000 | 216,090 |
Sberbank of Russia PJSC (ADR) | 13,681,250 | 201,114 |
HSBC Holdings PLC (GBP denominated) | 20,679,777 | 156,172 |
Ares Management Corp., Class A | 5,143,000 | 152,079 |
Toronto-Dominion Bank (CAD denominated) | 2,471,000 | 141,101 |
Macquarie Group Ltd. | 1,282,000 | 118,351 |
Hang Seng Bank Ltd. | 4,223,000 | 88,276 |
Credicorp Ltd. | 385,000 | 82,406 |
KBC Groep NV | 1,170,000 | 82,052 |
AXA SA | 2,635,000 | 69,606 |
First Hawaiian, Inc. | 585,000 | 15,988 |
The Bank of N.T. Butterfield & Son Ltd. | 300,000 | 9,885 |
AURELIUS Equity Opportunities SE & Co. KGaA, non-registered shares | 112,000 | 4,609 |
Sabre Insurance Group PLC | 1,000,000 | 3,821 |
12,432,898 | ||
Health care 8.40% | ||
Merck & Co., Inc. | 27,099,493 | 2,348,442 |
AstraZeneca PLC | 20,106,200 | 1,953,603 |
Pfizer Inc. | 42,731,181 | 1,639,595 |
GlaxoSmithKline PLC | 62,138,000 | 1,423,554 |
Gilead Sciences, Inc. | 8,288,000 | 528,029 |
Novartis AG | 5,802,000 | 506,330 |
Bristol-Myers Squibb Co. | 6,800,000 | 390,116 |
CVS Health Corp. | 4,355,000 | 289,128 |
Takeda Pharmaceutical Co. Ltd. | 5,803,000 | 211,077 |
Sanofi | 1,496,000 | 137,851 |
Advanz Pharma Corp.1 | 1,185,286 | 12,554 |
Rotech Healthcare Inc.1,2,3,4,5 | 543,172 | 7,604 |
9,447,883 |
The Income Fund of America — Page 1 of 46
unaudited
Common stocks (continued) Information technology 8.28% | Shares | Value (000) |
Microsoft Corp. | 18,857,054 | $2,703,536 |
Broadcom Inc. | 5,654,112 | 1,655,807 |
Taiwan Semiconductor Manufacturing Co., Ltd. | 139,385,500 | 1,366,816 |
Taiwan Semiconductor Manufacturing Co., Ltd. (ADR) | 1,855,000 | 95,774 |
QUALCOMM Inc. | 10,713,000 | 861,754 |
Intel Corp. | 13,809,100 | 780,628 |
Texas Instruments Inc. | 4,750,000 | 560,452 |
NortonLifeLock Inc.1 | 21,068,359 | 482,044 |
International Business Machines Corp. | 1,700,000 | 227,341 |
Paychex, Inc. | 2,370,000 | 198,227 |
Tokyo Electron Ltd. | 647,500 | 132,360 |
Vanguard International Semiconductor Corp. | 50,830,886 | 108,874 |
Cisco Systems, Inc. | 2,163,000 | 102,764 |
Atea ASA | 2,916,201 | 36,848 |
Corporate Risk Holdings I, Inc.1,3,4 | 2,205,215 | 259 |
9,313,484 | ||
Industrials 6.67% | ||
Lockheed Martin Corp. | 4,492,000 | 1,692,047 |
United Parcel Service, Inc., Class B | 8,617,126 | 992,434 |
BAE Systems PLC | 87,100,040 | 650,098 |
Emerson Electric Co. | 9,100,000 | 638,365 |
Edenred SA | 9,592,234 | 504,956 |
Hubbell Inc.2 | 3,430,000 | 486,031 |
Illinois Tool Works Inc. | 2,690,000 | 453,480 |
Boeing Co. | 1,210,000 | 411,291 |
Meggitt PLC2 | 39,640,564 | 320,619 |
Kone OYJ, Class B | 5,030,000 | 319,992 |
Norfolk Southern Corp. | 1,600,000 | 291,200 |
International Consolidated Airlines Group, SA (CDI) | 37,523,822 | 258,198 |
ACS, Actividades de Construcción y Servicios, SA | 3,609,848 | 146,508 |
PACCAR Inc. | 1,677,700 | 127,606 |
Watsco, Inc. | 565,000 | 99,609 |
VINCI SA | 885,604 | 99,364 |
Coor Service Management Holding AB | 1,150,000 | 9,826 |
Fjord1 ASA | 125,775 | 475 |
7,502,099 | ||
Consumer staples 6.65% | ||
Philip Morris International Inc. | 16,254,200 | 1,323,742 |
Procter & Gamble Co. | 7,300,000 | 908,923 |
Altria Group, Inc. | 19,760,000 | 885,050 |
Unilever PLC | 11,630,000 | 696,376 |
Unilever PLC (ADR) | 1,200,000 | 72,132 |
Coca-Cola Co. | 13,783,000 | 750,209 |
British American Tobacco PLC | 19,742,000 | 690,977 |
Kellogg Co. | 9,400,000 | 597,182 |
General Mills, Inc. | 10,270,000 | 522,332 |
Nestlé SA | 4,237,617 | 452,414 |
Anheuser-Busch InBev SA/NV | 3,776,729 | 303,446 |
Walgreens Boots Alliance, Inc. | 2,195,000 | 120,242 |
Costco Wholesale Corp. | 268,000 | 79,626 |
Conagra Brands, Inc. | 2,548,000 | 68,923 |
7,471,574 |
The Income Fund of America — Page 2 of 46
unaudited
Common stocks (continued) Real estate 5.57% | Shares | Value (000) |
Crown Castle International Corp. REIT | 9,442,000 | $1,310,455 |
Digital Realty Trust, Inc. REIT | 9,999,000 | 1,270,273 |
Gaming and Leisure Properties, Inc. REIT2 | 13,953,000 | 563,143 |
Iron Mountain Inc. REIT2 | 16,245,000 | 532,836 |
Simon Property Group, Inc. REIT | 2,991,000 | 450,684 |
Prologis, Inc. REIT | 5,105,000 | 448,015 |
Public Storage REIT | 1,944,500 | 433,351 |
Brookfield Property Partners LP | 11,890,000 | 224,127 |
American Tower Corp. REIT | 1,007,173 | 219,644 |
Link Real Estate Investment Trust REIT | 19,651,812 | 214,300 |
Camden Property Trust REIT | 1,855,785 | 212,246 |
Lamar Advertising Co. REIT, Class A | 2,353,322 | 188,289 |
Vornado Realty Trust REIT, Shares of Beneficial Interest | 1,795,000 | 117,806 |
Redwood Trust, Inc. REIT | 3,321,159 | 54,268 |
Longfor Group Holdings Ltd. | 6,019,500 | 25,043 |
6,264,480 | ||
Consumer discretionary 5.28% | ||
Target Corp. | 13,080,000 | 1,398,383 |
General Motors Co. | 29,626,712 | 1,100,929 |
Home Depot, Inc. | 3,761,500 | 882,373 |
Las Vegas Sands Corp. | 10,459,650 | 646,825 |
Carnival Corp., units | 13,272,000 | 569,236 |
McDonald’s Corp. | 1,570,000 | 308,819 |
Sands China Ltd. | 60,617,800 | 299,764 |
Darden Restaurants, Inc. | 2,330,000 | 261,589 |
Industria de Diseño Textil, SA | 4,728,330 | 147,394 |
Domino’s Pizza Group PLC2 | 30,671,123 | 113,587 |
Kontoor Brands, Inc. | 1,580,000 | 60,040 |
Peugeot SA | 2,308,457 | 58,444 |
Kindred Group PLC (SDR) | 4,820,535 | 34,927 |
Dustin Group AB | 4,201,291 | 33,460 |
Best Buy Co., Inc. | 184,353 | 13,242 |
Nien Made Enterprise Co., Ltd. | 1,450,000 | 13,171 |
5,942,183 | ||
Utilities 4.89% | ||
Enel SpA | 146,105,303 | 1,130,882 |
DTE Energy Co. | 8,763,030 | 1,115,709 |
Public Service Enterprise Group Inc. | 15,821,000 | 1,001,628 |
AES Corp.2 | 43,141,951 | 735,570 |
Brookfield Infrastructure Partners LP | 11,876,448 | 595,130 |
Duke Energy Corp. | 3,999,999 | 377,040 |
NTPC Ltd. | 132,306,417 | 228,318 |
Guangdong Investment Ltd. | 71,500,000 | 155,118 |
ContourGlobal PLC | 32,857,500 | 89,593 |
Dominion Energy, Inc. | 781,190 | 64,487 |
Vistra Energy Corp. | 69,735 | 1,885 |
5,495,360 | ||
Materials 3.53% | ||
LyondellBasell Industries NV | 8,428,000 | 755,992 |
BHP Group PLC | 28,000,000 | 592,939 |
Dow Inc. | 7,997,833 | 403,811 |
WestRock Co. | 10,096,832 | 377,319 |
The Income Fund of America — Page 3 of 46
unaudited
Common stocks (continued) Materials (continued) | Shares | Value (000) |
Air Products and Chemicals, Inc. | 1,754,971 | $374,265 |
Rio Tinto PLC | 6,785,000 | 352,788 |
BASF SE | 4,200,000 | 319,607 |
CF Industries Holdings, Inc. | 5,150,000 | 233,552 |
Fortescue Metals Group Ltd. | 32,000,000 | 196,547 |
Packaging Corp. of America | 1,789,594 | 195,889 |
Akzo Nobel NV | 944,000 | 86,912 |
Vale SA, ordinary nominative | 5,418,360 | 63,769 |
Ardagh Group SA, Class A | 450,000 | 8,402 |
Hexion Holdings Corp., Class B1 | 320,375 | 3,324 |
3,965,116 | ||
Energy 3.26% | ||
Chevron Corp. | 6,031,500 | 700,498 |
Royal Dutch Shell PLC, Class B | 10,734,147 | 308,401 |
Royal Dutch Shell PLC, Class B (ADR) | 4,622,000 | 269,416 |
Royal Dutch Shell PLC, Class A (ADR) | 1,215 | 71 |
BP PLC | 73,000,000 | 462,685 |
Exxon Mobil Corp. | 5,716,000 | 386,230 |
Enbridge Inc. | 8,173,920 | 297,612 |
Occidental Petroleum Corp. | 6,461,000 | 261,671 |
Williams Companies, Inc. | 9,585,000 | 213,841 |
Helmerich & Payne, Inc. | 5,360,000 | 201,000 |
Keyera Corp. | 5,190,000 | 120,303 |
ConocoPhillips | 1,990,000 | 109,848 |
CNOOC Ltd. | 71,500,000 | 107,305 |
Baker Hughes Co., Class A | 4,500,000 | 96,300 |
Rosneft Oil Co. PJSC (GDR) | 5,303,000 | 35,117 |
Rattler Midstream LP1 | 2,166,666 | 32,543 |
Inter Pipeline Ltd. | 1,907,000 | 32,013 |
Ascent Resources - Utica, LLC, Class A1,2,3,4,5 | 110,214,618 | 20,941 |
Tribune Resources, Inc.1,3 | 3,935,815 | 8,068 |
Jones Energy II, Inc., Class A1,3 | 93,524 | 1,029 |
White Star Petroleum Corp., Class A1,2,3,4,5 | 6,511,401 | 65 |
3,664,957 | ||
Communication services 2.41% | ||
Verizon Communications Inc. | 25,974,000 | 1,570,648 |
Koninklijke KPN NV | 83,684,145 | 259,465 |
Advanced Info Service PCL, foreign registered | 33,110,000 | 251,107 |
Interpublic Group of Companies, Inc. | 8,993,000 | 195,598 |
Shaw Communications Inc., Class B, nonvoting shares | 9,190,338 | 187,561 |
SK Telecom Co., Ltd. | 599,000 | 122,019 |
HKBN Ltd.2 | 66,072,000 | 118,047 |
Cumulus Media Inc., Class A1 | 217,442 | 2,977 |
iHeartMedia, Inc., Class A1 | 64,955 | 931 |
Clear Channel Outdoor Holdings, Inc.1 | 152,827 | 356 |
Adelphia Recovery Trust, Series ACC-11,3,4 | 9,913,675 | 5 |
2,708,714 | ||
Total common stocks (cost: $53,520,837,000) | 74,208,748 |
The Income Fund of America — Page 4 of 46
unaudited
Preferred securities 0.27% Financials 0.20% | Shares | Value (000) |
Citigroup Inc., 7.681% preferred shares | 2,368,637 | $64,640 |
Citigroup Inc., Series K, noncumulative, preferred depositary shares | 2,145,767 | 60,725 |
PNC Financial Services Group, Inc., Series P, noncumulative, preferred depositary shares | 2,000,000 | 54,380 |
Goldman Sachs Group, Inc., Series J, 5.50% preferred depositary shares | 1,200,000 | 32,568 |
Wells Fargo & Co., Series Q, Class A, 5.85% noncumulative, preferred depositary shares | 555,913 | 14,971 |
227,284 | ||
Information technology 0.07% | ||
Samsung Electronics Co., Ltd., nonvoting preferred shares | 2,015,000 | 71,095 |
Consumer discretionary 0.00% | ||
Neiman Marcus Group, Inc. preferred shares1,6 | 1,683,792 | 1,457 |
Total preferred securities (cost: $283,705,000) | 299,836 | |
Rights & warrants 0.00% Energy 0.00% | ||
Sable Permian Resources, LLC, warrants, expires 20241,3,4,6 | 59,285 | 3,083 |
Tribune Resources, Inc., Class A, warrants, expire 20231,3,4 | 1,778,694 | 85 |
Tribune Resources, Inc., Class B, warrants, expire 20231,3,4 | 1,383,428 | 42 |
Tribune Resources, Inc., Class C, warrants, expire 20231,3,4 | 948,600 | 20 |
Ultra Petroleum Corp., warrants, expire 20251 | 499,240 | 37 |
3,267 | ||
Industrials 0.00% | ||
Associated Materials, LLC, warrants, expire 20231,3,4 | 328,867 | —7 |
Total rights & warrants (cost: $14,561,000) | 3,267 | |
Convertible stocks 0.43% Health care 0.15% | ||
Danaher Corp., Series A, 4.75% cumulative convertible preferred 2022 | 150,000 | 166,548 |
Information technology 0.14% | ||
Broadcom Inc., Series A, 8.00% cumulative convertible preferred 2022 | 150,000 | 162,453 |
Real estate 0.05% | ||
Crown Castle International Corp. REIT, Series A, 6.875% convertible preferred 2020 | 44,500 | 55,433 |
Utilities 0.04% | ||
DTE Energy Co., units, 6.25% convertible preferred 20221 | 902,600 | 45,834 |
Consumer staples 0.03% | ||
Bunge Ltd. 4.875% convertible preferred | 322,700 | 32,760 |
The Income Fund of America — Page 5 of 46
unaudited
Convertible stocks (continued) Industrials 0.02% | Shares | Value (000) |
Associated Materials, LLC, 14.00% convertible preferred 20203,4 | 23,150 | $23,073 |
Total convertible stocks (cost: $446,096,000) | 486,101 | |
Convertible bonds 0.01% Communication services 0.01% | Principal amount (000) | |
DISH DBS Corp., convertible notes, 3.375% 2026 | $ 4,900 | 4,594 |
Gogo Inc., convertible notes, 6.00% 20226 | 5,325 | 6,429 |
Total convertible bonds (cost: $10,680,000) | 11,023 | |
Bonds, notes & other debt instruments 26.02% Corporate bonds & notes 11.59% Financials 1.81% | ||
ACE INA Holdings Inc. 2.30% 2020 | 4,485 | 4,500 |
ACE INA Holdings Inc. 2.875% 2022 | 1,955 | 2,012 |
ACE INA Holdings Inc. 3.35% 2026 | 1,440 | 1,549 |
ACE INA Holdings Inc. 4.35% 2045 | 510 | 628 |
AG Merger Sub II, Inc. 10.75% 20276 | 16,190 | 16,109 |
Alliant Holdings Intermediate, LLC 6.75% 20276 | 16,036 | 16,719 |
Allstate Corp. 3.85% 2049 | 3,000 | 3,367 |
Ally Financial Inc. 4.25% 2021 | 21,955 | 22,593 |
Ally Financial Inc. 3.875% 2024 | 17,775 | 18,633 |
Ally Financial Inc. 5.125% 2024 | 54,430 | 59,939 |
Ally Financial Inc. 8.00% 2031 | 24,625 | 34,537 |
Ally Financial Inc. 8.00% 2031 | 9,444 | 13,036 |
American International Group, Inc. 3.90% 2026 | 2,550 | 2,745 |
American International Group, Inc. 4.80% 2045 | 2,100 | 2,464 |
AssuredPartners, Inc. 8.00% 20276 | 9,420 | 9,656 |
AXA Equitable Holdings, Inc. 4.35% 2028 | 5,000 | 5,395 |
AXA Equitable Holdings, Inc. 5.00% 2048 | 4,400 | 4,725 |
Bank of America Corp. 5.00% 2021 | 3,500 | 3,663 |
Bank of America Corp. 2.738% 2022 (3-month USD-LIBOR + 0.37% on 1/23/2021)8 | 5,925 | 5,973 |
Bank of America Corp. 3.004% 2023 (3-month USD-LIBOR + 0.79% on 12/20/2022)8 | 12,746 | 13,044 |
Bank of America Corp. 3.124% 2023 (3-month USD-LIBOR + 1.16% on 1/20/2022)8 | 5,325 | 5,437 |
Bank of America Corp. 3.55% 2024 (3-month USD-LIBOR + 0.78% on 3/5/2023)8 | 10,000 | 10,427 |
Bank of America Corp. 3.864% 2024 (3-month USD-LIBOR + 0.94% on 7/23/2023)8 | 2,815 | 2,976 |
Bank of America Corp. 3.419% 2028 (3-month USD-LIBOR + 1.04% on 12/20/2027)8 | 2,939 | 3,082 |
Bank of America Corp. 3.593% 2028 (3-month USD-LIBOR + 1.37% on 7/21/2027)8 | 11,000 | 11,671 |
Bank of America Corp. 3.194% 2030 (3-month USD-LIBOR + 1.18% on 7/23/2029)8 | 12,679 | 13,087 |
Bank of America Corp. 4.33% 2050 (3-month USD-LIBOR + 1.52% on 3/15/2049)8 | 3,000 | 3,566 |
BB&T Corp. 2.45% 2020 | 19,000 | 19,012 |
Berkshire Hathaway Finance Corp. 4.20% 2048 | 12,520 | 14,708 |
Berkshire Hathaway Finance Corp. 4.25% 2049 | 3,500 | 4,166 |
Berkshire Hathaway Inc. 3.125% 2026 | 3,700 | 3,938 |
Berkshire Hathaway Inc. 4.50% 2043 | 1,800 | 2,189 |
BNP Paribas 3.50% 20236 | 19,775 | 20,543 |
BNP Paribas 3.375% 20256 | 22,125 | 22,979 |
Capital One Financial Corp. 2.15% 2022 | 17,175 | 17,194 |
Capital One Financial Corp. 3.90% 2024 | 2,325 | 2,464 |
Capital One Financial Corp. 4.25% 2025 | 15,500 | 16,939 |
CIT Bank, N.A. 2.969% 2025 (USD-SOFR + 1.715% on 9/27/2024)8 | 7,335 | 7,408 |
CIT Group Inc. 4.125% 2021 | 4,375 | 4,484 |
The Income Fund of America — Page 6 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
Citigroup Inc. 2.90% 2021 | $18,950 | $19,287 |
Citigroup Inc. 2.876% 2023 (3-month USD-LIBOR + 0.95% on 7/24/2022)8 | 15,000 | 15,255 |
Citigroup Inc. 3.20% 2026 | 8,000 | 8,319 |
Citigroup Inc. 3.98% 2030 (3-month USD-LIBOR + 1.023% on 3/20/2029)8 | 9,286 | 10,155 |
Citigroup Inc. 4.65% 2048 | 5,860 | 7,267 |
Citigroup Inc., Series A, junior subordinated, 5.95% (3-month USD-LIBOR + 4.068% on 1/30/2023)8 | 13,295 | 14,083 |
CME Group Inc. 3.75% 2028 | 6,875 | 7,720 |
CME Group Inc. 4.15% 2048 | 470 | 567 |
Compass Diversified Holdings 8.00% 20266 | 24,133 | 26,064 |
Crédit Agricole SA 3.75% 20236 | 12,500 | 13,075 |
Credit Suisse Group AG 2.75% 2020 | 18,000 | 18,059 |
Credit Suisse Group AG 3.45% 2021 | 4,150 | 4,227 |
Credit Suisse Group AG 2.997% 2023 (3-month USD-LIBOR + 1.20% on 12/14/2022)6,8 | 4,750 | 4,817 |
Credit Suisse Group AG 3.80% 2023 | 14,925 | 15,647 |
Credit Suisse Group AG 2.593% 2025 (USD-SOFR + 1.56% on 9/11/2024)6,8 | 5,600 | 5,587 |
Credit Suisse Group AG 3.869% 2029 (3-month USD-LIBOR + 1.41% on 1/12/2028)6,8 | 9,905 | 10,592 |
Danske Bank AS 2.00% 20216 | 4,130 | 4,114 |
Danske Bank AS 2.70% 20226 | 6,615 | 6,674 |
Danske Bank AS 3.875% 20236 | 9,604 | 9,992 |
Deutsche Bank AG 2.70% 2020 | 20,000 | 20,010 |
Deutsche Bank AG 3.15% 2021 | 7,482 | 7,515 |
Deutsche Bank AG 3.375% 2021 | 1,825 | 1,844 |
Deutsche Bank AG 4.25% 2021 | 29,900 | 30,497 |
Deutsche Bank AG 4.25% 2021 | 725 | 744 |
Deutsche Bank AG 3.30% 2022 | 2,855 | 2,863 |
Deutsche Bank AG 5.00% 2022 | 3,875 | 4,045 |
Deutsche Bank AG 3.95% 2023 | 6,325 | 6,476 |
Deutsche Bank AG 3.70% 2024 | 10,275 | 10,402 |
Deutsche Bank AG 3.70% 2024 | 4,325 | 4,378 |
Deutsche Bank AG 4.10% 2026 | 12,650 | 12,813 |
Discover Financial Services 3.35% 2023 | 3,675 | 3,795 |
Fairstone Financial Inc. 7.875% 20246 | 13,981 | 14,766 |
Ford Motor Credit Co. 5.085% 2021 | 1,565 | 1,607 |
Ford Motor Credit Co. 3.81% 2024 | 2,502 | 2,504 |
Ford Motor Credit Co. 4.063% 2024 | 24,158 | 24,311 |
Ford Motor Credit Co. 5.584% 2024 | 7,000 | 7,467 |
FS Energy and Power Fund 7.50% 20236 | 17,225 | 17,508 |
Goldman Sachs Group, Inc. 5.25% 2021 | 2,475 | 2,610 |
Goldman Sachs Group, Inc. 5.75% 2022 | 23,400 | 25,226 |
Goldman Sachs Group, Inc. 2.905% 2023 (3-month USD-LIBOR + 0.99% on 7/24/2022)8 | 10,904 | 11,086 |
Goldman Sachs Group, Inc. 3.691% 2028 (3-month USD-LIBOR + 1.51% on 6/5/2027)8 | 8,000 | 8,459 |
Groupe BPCE SA 2.75% 20236 | 5,175 | 5,279 |
Groupe BPCE SA 5.70% 20236 | 21,170 | 23,479 |
Groupe BPCE SA 5.15% 20246 | 12,085 | 13,299 |
Guardian Life Global Funding 2.90% 20246 | 1,420 | 1,468 |
Hartford Financial Services Group, Inc. 2.80% 2029 | 2,000 | 2,013 |
Hartford Financial Services Group, Inc. 3.60% 2049 | 2,000 | 2,051 |
HSBC Holdings PLC 4.25% 2024 | 9,000 | 9,565 |
HSBC Holdings PLC 4.583% 2029 (3-month USD-LIBOR + 1.535% on 6/19/2028)8 | 5,750 | 6,435 |
HSBC Holdings PLC 3.973% 2030 (3-month USD-LIBOR + 1.61% on 5/22/2029)8 | 7,425 | 8,016 |
HUB International Ltd. 7.00% 20266 | 20,331 | 20,992 |
Hub International Ltd., Term Loan B, (1-month USD-LIBOR + 4.00%) 5.85% 20259,10 | 2,000 | 2,001 |
Icahn Enterprises Finance Corp. 6.25% 2022 | 22,275 | 22,860 |
Intesa Sanpaolo SpA 6.50% 20216 | 3,600 | 3,781 |
The Income Fund of America — Page 7 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
Intesa Sanpaolo SpA 3.125% 20226 | $11,300 | $11,408 |
Intesa Sanpaolo SpA 3.375% 20236 | 7,150 | 7,243 |
Intesa Sanpaolo SpA 5.017% 20246 | 92,095 | 96,139 |
Intesa Sanpaolo SpA 5.71% 20266 | 26,625 | 28,570 |
Intesa Sanpaolo SpA 3.875% 20276 | 9,300 | 9,354 |
Intesa Sanpaolo SpA 3.875% 20286 | 3,400 | 3,426 |
Jefferies Financial Group Inc. 5.50% 2023 | 7,405 | 8,104 |
JPMorgan Chase & Co. 2.25% 2020 | 1,270 | 1,271 |
JPMorgan Chase & Co. 3.207% 2023 (3-month USD-LIBOR + 0.695% on 4/1/2022)8 | 350 | 359 |
JPMorgan Chase & Co. 3.559% 2024 (3-month USD-LIBOR + 0.73% on 4/23/2023)8 | 5,400 | 5,650 |
JPMorgan Chase & Co. 3.797% 2024 (3-month USD-LIBOR + 0.89% on 7/23/2023)8 | 5,788 | 6,125 |
JPMorgan Chase & Co. 2.301% 2025 (3-month USD-SOFR + 1.16% on 10/15/2024)8 | 5,115 | 5,108 |
JPMorgan Chase & Co. 3.96% 2027 (3-month USD-LIBOR + 1.245% on 1/29/2026)8 | 6,500 | 7,042 |
JPMorgan Chase & Co. 3.54% 2028 (3-month USD-LIBOR + 1.38% on 5/1/2027)8 | 7,000 | 7,427 |
JPMorgan Chase & Co. 2.739% 2030 (3-month USD-SOFR + 1.51% on 10/15/2029)8 | 26,057 | 26,023 |
JPMorgan Chase & Co. 3.702% 2030 (3-month USD-LIBOR + 1.16% on 5/6/2029)8 | 12,301 | 13,243 |
JPMorgan Chase & Co. 3.897% 2049 (3-month USD-LIBOR + 1.22% on 1/23/2048)8 | 3,000 | 3,339 |
JPMorgan Chase & Co., Series Z, junior subordinated, 5.30% (3-month USD-LIBOR + 3.80% on 5/1/2020)8 | 36,425 | 36,979 |
JPMorgan Chase & Co., Series I, junior subordinated, 5.406% (3-month USD-LIBOR + 3.47% on 1/30/2020)8 | 36,549 | 36,824 |
JPMorgan Chase & Co., Series S, junior subordinated, 6.75% (3-month USD-LIBOR + 3.78% on 2/1/2024)8 | 25,901 | 29,029 |
Liberty Mutual Group Inc. 4.25% 20236 | 971 | 1,031 |
Liberty Mutual Group Inc. 4.569% 20296 | 3,429 | 3,878 |
Lloyds Banking Group PLC 4.05% 2023 | 6,000 | 6,351 |
Lloyds Banking Group PLC 4.582% 2025 | 7,000 | 7,542 |
Lloyds Banking Group PLC 4.375% 2028 | 3,950 | 4,362 |
Marsh & McLennan Companies, Inc. 4.375% 2029 | 2,410 | 2,750 |
Marsh & McLennan Companies, Inc. 4.75% 2039 | 1,250 | 1,518 |
MetLife, Inc. 4.60% 2046 | 1,475 | 1,818 |
Metropolitan Life Global Funding I 2.00% 20206 | 1,655 | 1,656 |
Metropolitan Life Global Funding I 2.50% 20206 | 4,000 | 4,032 |
Metropolitan Life Global Funding I 3.60% 20246 | 1,000 | 1,064 |
Metropolitan Life Global Funding I 3.45% 20266 | 2,330 | 2,506 |
Metropolitan Life Global Funding I 3.00% 20276 | 1,500 | 1,569 |
Metropolitan Life Global Funding I 3.05% 20296 | 2,000 | 2,089 |
Mitsubishi UFJ Financial Group, Inc. 2.19% 2021 | 5,225 | 5,236 |
Mitsubishi UFJ Financial Group, Inc. 2.623% 2022 | 7,000 | 7,089 |
Mitsubishi UFJ Financial Group, Inc. 2.665% 2022 | 4,975 | 5,045 |
Mitsubishi UFJ Financial Group, Inc. 2.998% 2022 | 3,275 | 3,341 |
Mizuho Financial Group, Ltd. 3.549% 2023 | 4,975 | 5,185 |
Mizuho Financial Group, Ltd. 2.55% 2025 (ICE LIBOR USD 3 Month + 1.10% on 9/13/2024)8 | 9,750 | 9,750 |
Morgan Stanley 2.625% 2021 | 3,225 | 3,262 |
Morgan Stanley 5.75% 2021 | 5,250 | 5,489 |
Morgan Stanley 2.75% 2022 | 500 | 508 |
Morgan Stanley 3.70% 2024 | 643 | 684 |
Morgan Stanley 2.72% 2025 (1-month USD-SOFR + 1.152% on 7/22/2024)8 | 13,375 | 13,563 |
Morgan Stanley 4.431% 2030 (3-month USD-LIBOR + 1.628% on 1/23/2029)8 | 15,625 | 17,552 |
MSCI Inc. 5.375% 20276 | 10,775 | 11,529 |
National Rural Utilities Cooperative Finance Corp. 3.70% 2029 | 3,520 | 3,897 |
Nationwide Building Society 4.363% 2024 (3-month USD-LIBOR + 1.392% on 8/1/2023)6,8 | 4,925 | 5,228 |
Nationwide Mutual Insurance Co. (3-month USD-LIBOR + 2.29%) 4.409% 20246,10 | 8,150 | 8,137 |
Navient Corp. 6.50% 2022 | 10,790 | 11,572 |
Navient Corp. 5.50% 2023 | 38,680 | 40,324 |
Navient Corp. 7.25% 2023 | 2,700 | 2,960 |
The Income Fund of America — Page 8 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Financials (continued) | Principal amount (000) | Value (000) |
Navient Corp. 6.125% 2024 | $29,925 | $31,430 |
New York Life Global Funding 1.95% 20206 | 1,820 | 1,821 |
New York Life Global Funding 1.70% 20216 | 6,500 | 6,481 |
New York Life Global Funding 2.30% 20226 | 2,000 | 2,021 |
New York Life Global Funding 3.00% 20286 | 1,000 | 1,048 |
Nuveen, LLC 4.00% 20286 | 1,815 | 2,039 |
PNC Financial Services Group, Inc. 2.854% 20228 | 8,395 | 8,605 |
PNC Financial Services Group, Inc. 3.90% 2024 | 3,000 | 3,220 |
PNC Financial Services Group, Inc., Series O, junior subordinated, 6.75% (3-month USD-LIBOR + 3.678% on 8/1/2021)8 | 10,250 | 10,920 |
PRICOA Global Funding I 2.45% 20226 | 695 | 704 |
PRICOA Global Funding I 3.45% 20236 | 2,325 | 2,440 |
Principal Financial Group, Inc. 4.111% 20286 | 3,500 | 3,801 |
Principal Financial Group, Inc. 3.70% 2029 | 1,215 | 1,328 |
Prudential Financial, Inc. 3.50% 2024 | 9,000 | 9,577 |
Prudential Financial, Inc. 3.905% 2047 | 2,975 | 3,213 |
Prudential Financial, Inc. 4.35% 2050 | 9,250 | 10,698 |
Prudential Financial, Inc. 3.70% 2051 | 3,000 | 3,148 |
Prudential Financial, Inc., junior subordinated, 5.625% 2043 (3-month USD-LIBOR + 3.92% on 6/15/2023)8 | 1,850 | 2,008 |
Prudential Financial, Inc., junior subordinated, 5.70% 2048 (3-month USD-LIBOR + 2.665% on 9/15/2028)8 | 4,000 | 4,546 |
Rabobank Nederland 2.75% 2022 | 2,825 | 2,871 |
Rabobank Nederland 4.625% 2023 | 8,000 | 8,627 |
Rabobank Nederland 4.375% 2025 | 9,000 | 9,798 |
Royal Bank of Scotland PLC 4.269% 2025 (3-month USD-LIBOR + 1.762% on 3/22/2024)8 | 4,000 | 4,243 |
Royal Bank of Scotland PLC 4.445% 2030 (3-month USD-LIBOR + 1.871% on 5/5/2029)8 | 14,000 | 15,398 |
Santander Holdings USA, Inc. 4.45% 2021 | 8,500 | 8,864 |
Santander Holdings USA, Inc. 3.70% 2022 | 10,500 | 10,793 |
Santander Holdings USA, Inc. 3.40% 2023 | 12,500 | 12,861 |
Santander Holdings USA, Inc. 3.50% 2024 | 11,250 | 11,597 |
Skandinaviska Enskilda Banken AB 2.625% 2021 | 4,975 | 5,026 |
Springleaf Finance Corp. 6.125% 2024 | 22,825 | 25,022 |
Starwood Property Trust, Inc. 5.00% 2021 | 10,070 | 10,448 |
Swiss Re Finance (Luxembourg) SA 5.00% 2049 (UST Yield Curve Rate T Note Constant Maturity 5-year + 3.582% on 4/2/2029)6,8 | 3,800 | 4,207 |
Synchrony Bank 3.65% 2021 | 3,375 | 3,444 |
Synchrony Financial 2.85% 2022 | 7,075 | 7,160 |
Synchrony Financial 4.375% 2024 | 5,095 | 5,423 |
The Edelman Financial Center LLC, Term Loan, (3-month USD-LIBOR + 6.75%) 8.596% 20269,10 | 28,500 | 27,538 |
Toronto-Dominion Bank 2.65% 2024 | 7,341 | 7,519 |
Travelers Companies, Inc. 4.00% 2047 | 2,260 | 2,616 |
UBS Group AG 4.125% 20256 | 4,425 | 4,826 |
UniCredit SpA 3.75% 20226 | 23,958 | 24,551 |
UniCredit SpA 6.572% 20226 | 39,195 | 42,213 |
UniCredit SpA 5.861% 20326,8 | 26,700 | 27,852 |
UniCredit SpA 7.296% 2034 (5-year USD ICE Swap + 4.914% on 4/2/2029)6,8 | 23,690 | 27,402 |
US Bancorp 3.70% 2024 | 10,000 | 10,655 |
US Bancorp 2.375% 2026 | 6,000 | 6,082 |
Wells Fargo & Co. 4.60% 2021 | 25,000 | 25,902 |
Wells Fargo & Co. 3.584% 2028 (3-month USD-LIBOR + 1.31% on 5/15/2027)8 | 281 | 298 |
Wells Fargo & Co. 4.15% 2029 | 6,000 | 6,670 |
Wells Fargo & Co. 2.879% 2030 (3-month USD-LIBOR + 1.17% on 10/30/2029)8 | 5,175 | 5,204 |
Wells Fargo & Co., Series K, junior subordinated, 5.889% (3-month USD-LIBOR + 3.77% on 12/15/2019)8 | 46,489 | 47,128 |
2,037,689 |
The Income Fund of America — Page 9 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Health care 1.76% | Principal amount (000) | Value (000) |
Abbott Laboratories 2.90% 2021 | $12,460 | $12,716 |
Abbott Laboratories 3.40% 2023 | 5,504 | 5,808 |
Abbott Laboratories 3.75% 2026 | 3,539 | 3,881 |
AbbVie Inc. 2.30% 2021 | 14,335 | 14,421 |
AbbVie Inc. 2.90% 2022 | 5,000 | 5,100 |
AbbVie Inc. 4.30% 2036 | 1,003 | 1,065 |
AbbVie Inc. 4.45% 2046 | 8,863 | 9,169 |
Allergan PLC 3.00% 2020 | 7,065 | 7,083 |
Allergan PLC 3.45% 2022 | 21,443 | 21,985 |
Allergan PLC 3.80% 2025 | 8,935 | 9,407 |
Allergan PLC 4.55% 2035 | 6,750 | 7,244 |
Allergan PLC 4.75% 2045 | 4,403 | 4,690 |
Allergan, Inc. 5.00% 20216 | 3,809 | 4,000 |
Amgen Inc. 1.85% 2021 | 2,720 | 2,723 |
Anthem, Inc. 2.375% 2025 | 4,484 | 4,496 |
Anthem, Inc. 2.875% 2029 | 2,842 | 2,821 |
AstraZeneca PLC 2.375% 2022 | 2,500 | 2,524 |
AstraZeneca PLC 3.50% 2023 | 10,076 | 10,566 |
AstraZeneca PLC 3.375% 2025 | 4,500 | 4,764 |
AstraZeneca PLC 4.00% 2029 | 3,810 | 4,273 |
Auris Luxembourg III SARL, Term Loan, (3-month USD-LIBOR + 3.75%) 5.536% 20269,10 | 11,249 | 11,077 |
Avantor, Inc. 6.00% 20246 | 11,675 | 12,508 |
Bausch Health Companies Inc. 7.00% 20286 | 6,155 | 6,655 |
Baxalta Inc. 4.00% 2025 | 1,908 | 2,054 |
Bayer US Finance II LLC 3.875% 20236 | 29,110 | 30,512 |
Bayer US Finance II LLC 4.25% 20256 | 31,383 | 33,729 |
Bayer US Finance II LLC 4.375% 20286 | 550 | 597 |
Bayer US Finance II LLC 4.40% 20446 | 13,090 | 13,093 |
Bayer US Finance II LLC 4.875% 20486 | 978 | 1,091 |
Becton, Dickinson and Co. 2.675% 2019 | 830 | 830 |
Becton, Dickinson and Co. 2.894% 2022 | 7,900 | 8,055 |
Becton, Dickinson and Co. 3.363% 2024 | 5,835 | 6,114 |
Becton, Dickinson and Co. 3.70% 2027 | 5,493 | 5,911 |
Boston Scientific Corp. 3.375% 2022 | 4,300 | 4,444 |
Boston Scientific Corp. 3.85% 2025 | 5,000 | 5,411 |
Boston Scientific Corp. 3.75% 2026 | 3,120 | 3,369 |
Boston Scientific Corp. 4.70% 2049 | 1,540 | 1,873 |
Bristol-Myers Squibb Co. 2.60% 20226 | 4,081 | 4,157 |
Bristol-Myers Squibb Co. 2.90% 20246 | 4,640 | 4,818 |
Bristol-Myers Squibb Co. 3.20% 20266 | 2,354 | 2,502 |
Bristol-Myers Squibb Co. 3.40% 20296 | 7,107 | 7,654 |
Bristol-Myers Squibb Co. 4.125% 20396 | 2,228 | 2,549 |
Bristol-Myers Squibb Co. 4.25% 20496 | 5,208 | 6,109 |
Centene Corp. 4.75% 2022 | 34,758 | 35,627 |
Centene Corp. 6.125% 2024 | 4,550 | 4,736 |
Centene Corp. 4.75% 2025 | 21,320 | 22,109 |
Centene Corp. 5.375% 20266 | 6,740 | 7,151 |
Charles River Laboratories International, Inc. 5.50% 20266 | 7,660 | 8,177 |
Charles River Laboratories International, Inc. 4.25% 20286 | 1,590 | 1,624 |
Cigna Corp. 3.40% 2021 | 4,475 | 4,585 |
Cigna Corp. 3.75% 2023 | 12,507 | 13,119 |
Cigna Corp. 4.80% 2038 | 3,830 | 4,362 |
Community Health Systems Inc. 5.125% 2021 | 5,175 | 5,181 |
CVS Health Corp. 3.35% 2021 | 1,445 | 1,471 |
The Income Fund of America — Page 10 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Health care (continued) | Principal amount (000) | Value (000) |
CVS Health Corp. 2.625% 2024 | $2,605 | $2,633 |
CVS Health Corp. 4.10% 2025 | 41,850 | 45,013 |
CVS Health Corp. 4.30% 2028 | 4,310 | 4,683 |
DaVita HealthCare Partners Inc. 5.125% 2024 | 1,775 | 1,816 |
DaVita HealthCare Partners Inc. 5.00% 2025 | 14,400 | 14,634 |
Eagle Holding Co. II LLC 7.625% 20226,11 | 1,600 | 1,618 |
Eagle Holding Co. II, LLC 7.75% 20226,11 | 7,560 | 7,692 |
Eli Lilly and Co. 2.35% 2022 | 9,250 | 9,384 |
Eli Lilly and Co. 3.375% 2029 | 3,330 | 3,616 |
EMD Finance LLC 2.95% 20226 | 7,100 | 7,214 |
Encompass Health Corp. 4.50% 2028 | 11,251 | 11,532 |
Encompass Health Corp. 4.75% 2030 | 3,920 | 4,052 |
Endo International PLC 5.75% 20226 | 31,706 | 21,877 |
Endo International PLC 6.00% 20236 | 6,384 | 4,253 |
Endo International PLC 6.00% 20256,8 | 35,920 | 23,079 |
Envision Healthcare Corp., Term Loan, (3-month USD-LIBOR + 3.75%) 5.536% 20259,10 | 1,141 | 927 |
GlaxoSmithKline PLC 2.875% 2022 | 3,759 | 3,849 |
GlaxoSmithKline PLC 3.375% 2023 | 12,315 | 12,922 |
GlaxoSmithKline PLC 3.00% 2024 | 3,865 | 4,030 |
GlaxoSmithKline PLC 3.625% 2025 | 10,065 | 10,874 |
HCA Inc. 5.875% 2023 | 15,390 | 16,924 |
HCA Inc. 5.375% 2026 | 6,680 | 7,298 |
HCA Inc. 5.875% 2026 | 7,420 | 8,366 |
HCA Inc. 5.625% 2028 | 6,990 | 7,873 |
HealthSouth Corp. 5.75% 2024 | 9,798 | 9,927 |
HealthSouth Corp. 5.75% 2025 | 15,197 | 15,938 |
IMS Health Holdings, Inc. 5.00% 20266 | 11,000 | 11,646 |
Iqvia Inc. 5.00% 20276 | 8,320 | 8,840 |
Jaguar Holding Co. 6.375% 20236 | 13,140 | 13,633 |
Kinetic Concepts, Inc. 12.50% 20216 | 10,435 | 10,969 |
Laboratory Corp. of America Holdings 4.70% 2045 | 885 | 988 |
Mallinckrodt PLC 4.875% 20206 | 100,555 | 63,852 |
Mallinckrodt PLC 5.75% 20226 | 8,595 | 3,438 |
Mallinckrodt PLC 5.625% 20236 | 780 | 285 |
Merck & Co., Inc. 2.75% 2025 | 9,700 | 10,074 |
Merck & Co., Inc. 3.40% 2029 | 1,844 | 2,010 |
Molina Healthcare, Inc. 5.375% 2022 | 58,335 | 61,762 |
Molina Healthcare, Inc. 4.875% 20256 | 23,879 | 24,357 |
Mylan Laboratories Inc. 3.15% 2021 | 4,403 | 4,461 |
Novartis Capital Corp. 2.40% 2022 | 3,000 | 3,050 |
NVA Holdings Inc. 6.875% 20266 | 6,650 | 7,165 |
Owens & Minor, Inc. 3.875% 2021 | 35,786 | 34,061 |
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.532% 20259,10 | 7,387 | 6,399 |
Par Pharmaceutical Companies Inc. 7.50% 20276 | 25,825 | 24,598 |
PAREXEL International Corp. 6.375% 20256 | 12,305 | 11,751 |
Pfizer Inc. 2.80% 2022 | 4,236 | 4,334 |
Pfizer Inc. 2.95% 2024 | 2,625 | 2,745 |
Pfizer Inc. 3.60% 2028 | 5,500 | 6,036 |
Pfizer Inc. 3.45% 2029 | 9,000 | 9,828 |
Prestige Brands International Inc. 6.375% 20246 | 2,570 | 2,695 |
Roche Holdings, Inc. 3.35% 20246 | 5,000 | 5,324 |
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.31% 2023 (100% PIK)3,4,9,10,11 | 23,064 | 22,952 |
Shire PLC 2.40% 2021 | 33,449 | 33,651 |
Shire PLC 2.875% 2023 | 23,205 | 23,702 |
The Income Fund of America — Page 11 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Health care (continued) | Principal amount (000) | Value (000) |
Shire PLC 3.20% 2026 | $5,410 | $5,598 |
Sotera Health Topco, Inc. 8.125% 20216,11 | 12,446 | 12,415 |
Sterigenics-Nordion Holdings, LLC 6.50% 20236 | 9,140 | 9,311 |
Surgery Center Holdings 10.00% 20276 | 11,405 | 11,576 |
Takeda Pharmaceutical Co., Ltd. 4.00% 20216 | 20,000 | 20,741 |
Takeda Pharmaceutical Co., Ltd. 4.40% 20236 | 18,790 | 20,295 |
Takeda Pharmaceutical Co., Ltd. 5.00% 20286 | 25,399 | 29,845 |
Team Health Holdings, Inc. 6.375% 20256 | 44,390 | 28,854 |
Tenet Healthcare Corp. 4.625% 2024 | 29,166 | 30,150 |
Tenet Healthcare Corp. 4.875% 20266 | 78,590 | 81,390 |
Tenet Healthcare Corp. 5.125% 20276 | 1,360 | 1,419 |
Tenet Healthcare Corp. 6.25% 20276 | 3,000 | 3,173 |
Teva Pharmaceutical Finance Co. BV 2.20% 2021 | 6,395 | 6,087 |
Teva Pharmaceutical Finance Co. BV 2.80% 2023 | 147,182 | 127,680 |
Teva Pharmaceutical Finance Co. BV 6.00% 2024 | 100,417 | 94,266 |
Teva Pharmaceutical Finance Co. BV 3.15% 2026 | 43,895 | 33,141 |
Teva Pharmaceutical Finance Co. BV 6.75% 2028 | 163,280 | 146,952 |
Teva Pharmaceutical Finance Co. BV 4.10% 2046 | 66,410 | 45,740 |
UnitedHealth Group Inc. 3.75% 2025 | 5,710 | 6,198 |
UnitedHealth Group Inc. 4.45% 2048 | 9,000 | 10,628 |
Valeant Pharmaceuticals International, Inc. 5.875% 20236 | 8,583 | 8,740 |
Valeant Pharmaceuticals International, Inc. 6.125% 20256 | 100,637 | 104,725 |
Valeant Pharmaceuticals International, Inc. 9.00% 20256 | 10,575 | 11,948 |
Valeant Pharmaceuticals International, Inc. 9.25% 20266 | 8,395 | 9,518 |
Valeant Pharmaceuticals International, Inc. 8.50% 20276 | 2,265 | 2,554 |
Verscend Holding Corp., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.286% 20259,10 | 1,143 | 1,147 |
Vizient Inc. 6.25% 20276 | 590 | 638 |
WellCare Health Plans, Inc. 5.25% 2025 | 1,000 | 1,050 |
Zimmer Holdings, Inc. 3.15% 2022 | 18,860 | 19,258 |
1,983,657 | ||
Communication services 1.41% | ||
Altice Finco SA 8.125% 20246 | 1,950 | 2,016 |
Altice NV 6.625% 20236 | 9,005 | 9,272 |
Altice SA 7.625% 20256 | 7,550 | 7,814 |
British Telecommunications PLC 9.625% 20308 | 4,011 | 6,159 |
Cablevision Systems Corp. 8.00% 2020 | 20,000 | 20,550 |
Cablevision Systems Corp. 6.75% 2021 | 37,667 | 40,680 |
Cablevision Systems Corp. 5.375% 20286 | 6,100 | 6,466 |
CBS Corp. 7.25% 20246 | 7,890 | 8,265 |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.579% 2020 | 4,980 | 5,022 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20236 | 10,375 | 10,647 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.875% 20246 | 3,000 | 3,135 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.908% 2025 | 2,300 | 2,539 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 20266 | 33,650 | 35,619 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 20276 | 21,125 | 22,313 |
CCO Holdings LLC and CCO Holdings Capital Corp. 3.75% 2028 | 5,700 | 5,896 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.20% 2028 | 4,565 | 4,851 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 20286 | 13,250 | 13,896 |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 20306 | 11,902 | 12,155 |
CCO Holdings LLC and CCO Holdings Capital Corp. 6.484% 2045 | 4,475 | 5,507 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2047 | 2,000 | 2,203 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2048 | 9,048 | 10,407 |
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2049 | 8,872 | 9,442 |
The Income Fund of America — Page 12 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Communication services (continued) | Principal amount (000) | Value (000) |
CCO Holdings LLC and CCO Holdings Capital Corp. 4.80% 2050 | $8,000 | $8,149 |
CenturyLink, Inc. 6.75% 2023 | 33,275 | 37,143 |
CenturyLink, Inc. 7.50% 2024 | 16,000 | 18,200 |
CenturyLink, Inc. 7.65% 2042 | 6,000 | 6,113 |
CenturyLink, Inc., Series T, 5.80% 2022 | 10,350 | 10,997 |
Cinemark USA, Inc. 4.875% 2023 | 3,675 | 3,739 |
Clear Channel Worldwide Holdings, Inc. 9.25% 20246 | 10,189 | 11,227 |
Comcast Corp. 3.95% 2025 | 3,170 | 3,484 |
Comcast Corp. 4.15% 2028 | 5,000 | 5,655 |
Comcast Corp. 6.45% 2037 | 25,000 | 35,194 |
Comcast Corp. 4.60% 2038 | 12,190 | 14,544 |
Comcast Corp. 4.00% 2048 | 1,280 | 1,413 |
Comcast Corp. 4.70% 2048 | 4,300 | 5,294 |
Cumulus Media New Holdings Inc., 6.75% 20266 | 2,950 | 3,134 |
Deutsche Telekom International Finance BV 9.25% 2032 | 13,620 | 21,531 |
Diamond Sports Group LLC 5.375% 20266 | 5,937 | 6,212 |
Diamond Sports Group LLC 6.625% 20276 | 6,710 | 6,928 |
Embarq Corp. 7.995% 2036 | 3,000 | 2,985 |
Entercom Media Corp. 6.50% 20276 | 3,410 | 3,572 |
Fox Corp. 4.03% 20246 | 2,890 | 3,091 |
Fox Corp. 4.709% 20296 | 4,105 | 4,676 |
France Télécom 4.125% 2021 | 15,000 | 15,616 |
France Télécom 9.00% 20318 | 5,721 | 8,935 |
Frontier Communications Corp. 10.50% 2022 | 16,450 | 7,773 |
Frontier Communications Corp. 11.00% 2025 | 124,540 | 58,845 |
Frontier Communications Corp. 8.00% 20276 | 4,400 | 4,631 |
Gogo Inc. 9.875% 20246 | 87,070 | 91,859 |
Gray Television, Inc. 7.00% 20276 | 4,350 | 4,776 |
iHeartCommunications, Inc. 6.375% 2026 | 367 | 397 |
iHeartCommunications, Inc. 5.25% 20276 | 4,243 | 4,388 |
iHeartCommunications, Inc. 8.375% 2027 | 666 | 718 |
iHeartCommunications, Inc., Term Loan D, (3-month USD-LIBOR + 4.00%) 6.032% 20269,10 | 1,268 | 1,274 |
Inmarsat PLC 4.875% 20226 | 38,690 | 39,270 |
Inmarsat PLC 6.50% 20246 | 10,025 | 10,546 |
Inmarsat PLC 6.75% 20266 | 11,200 | 11,620 |
Intelsat Jackson Holding Co. 5.50% 2023 | 9,695 | 9,113 |
Intelsat Jackson Holding Co. 6.625% 20249 | 14,275 | 14,646 |
Intelsat Jackson Holding Co. 8.00% 20246 | 12,125 | 12,537 |
Intelsat Jackson Holding Co. 8.50% 20246 | 37,875 | 38,242 |
Intelsat Jackson Holding Co., Term Loan B3, 5.682% 20239,10 | 3,000 | 2,998 |
Level 3 Communications, Inc. 4.625% 20276 | 14,000 | 14,263 |
Liberty Global PLC 5.50% 20286 | 7,975 | 8,154 |
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 11.22% 2020 (100% PIK)9,10,11 | 23,719 | 18,649 |
Live Nation Entertainment, Inc. 4.875% 20246 | 12,445 | 12,912 |
Live Nation Entertainment, Inc. 5.625% 20266 | 1,000 | 1,068 |
Live Nation Entertainment, Inc. 4.75% 20276 | 3,499 | 3,657 |
Match Group, Inc. 5.00% 20276 | 8,220 | 8,621 |
MDC Partners Inc. 6.50% 20246 | 16,378 | 15,743 |
Meredith Corp. 6.875% 2026 | 16,601 | 17,194 |
Myriad International Holdings 6.00% 20206 | 45,655 | 46,753 |
Myriad International Holdings 6.00% 2020 | 25,705 | 26,323 |
Myriad International Holdings 5.50% 2025 | 6,140 | 6,868 |
NBCUniversal Enterprise, Inc., junior subordinated, 5.25% 20496 | 31,885 | 32,773 |
Neptune Finco Corp. (Altice NV) 6.625% 20256 | 4,600 | 4,911 |
The Income Fund of America — Page 13 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Communication services (continued) | Principal amount (000) | Value (000) |
Netflix, Inc. 4.875% 20306 | $42,719 | $43,296 |
Nexstar Broadcasting, Inc. 5.625% 20246 | 3,150 | 3,295 |
Nexstar Escrow Corp. 5.625% 20276 | 6,510 | 6,882 |
Numericable Group SA 7.375% 20266 | 24,925 | 26,753 |
Orange SA 5.50% 2044 | 3,000 | 3,969 |
OUTFRONT Media Cap LLC 5.00% 20276 | 2,265 | 2,378 |
Qwest Capital Funding, Inc. 7.625% 2021 | 3,900 | 4,107 |
Qwest Capital Funding, Inc. 6.875% 2028 | 4,000 | 3,800 |
Sirius XM Radio Inc. 3.875% 20226 | 16,600 | 17,036 |
Sirius XM Radio Inc. 4.625% 20236 | 5,975 | 6,091 |
Sirius XM Radio Inc. 4.625% 20246 | 14,980 | 15,692 |
Sirius XM Radio Inc. 5.00% 20276 | 6,265 | 6,610 |
SoftBank Group Corp. 3.36% 20236 | 18,225 | 18,384 |
Sprint Corp. 7.00% 2020 | 2,000 | 2,065 |
Sprint Corp. 7.25% 2021 | 3,225 | 3,449 |
Sprint Corp. 11.50% 2021 | 5,880 | 6,828 |
Sprint Corp. 6.875% 2028 | 15,875 | 17,264 |
Sprint Corp. 8.75% 2032 | 5,535 | 6,763 |
Tencent Holdings Ltd. 3.28% 20246 | 7,000 | 7,217 |
Time Warner Cable Inc. 5.00% 2020 | 35,000 | 35,236 |
T-Mobile US, Inc. 4.00% 2022 | 2,700 | 2,794 |
T-Mobile US, Inc. 6.50% 2026 | 16,666 | 17,876 |
Trilogy International Partners, LLC 8.875% 20226 | 50,280 | 48,269 |
Univision Communications Inc. 5.125% 20236 | 33,991 | 34,118 |
Univision Communications Inc. 5.125% 20256 | 7,725 | 7,580 |
Verizon Communications Inc. 4.50% 2033 | 10,000 | 11,723 |
Verizon Communications Inc. 4.125% 2046 | 40,000 | 45,043 |
Verizon Communications Inc. 4.522% 2048 | 78,900 | 94,030 |
Vodafone Group PLC 5.25% 2048 | 4,275 | 5,019 |
Vodafone Group PLC 4.875% 2049 | 5,400 | 6,090 |
Vodafone Group PLC 4.25% 2050 | 11,815 | 12,094 |
Warner Music Group 5.00% 20236 | 5,320 | 5,473 |
Warner Music Group 5.50% 20266 | 10,102 | 10,632 |
Ziggo Bond Finance BV 5.50% 20276 | 27,725 | 29,284 |
1,581,348 | ||
Energy 1.31% | ||
American Energy-Permian Basin, LLC/AEPB Finance Corp. 12.00% 20246 | 11,484 | 7,981 |
Apache Corp. 4.25% 2030 | 4,870 | 4,765 |
Apache Corp. 5.35% 2049 | 5,100 | 4,951 |
Ascent Resources - Utica LLC 10.00% 20226 | 2,705 | 2,573 |
Ascent Resources - Utica LLC 7.00% 20266 | 5,715 | 4,401 |
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.414% 20233,9,10 | 5,100 | 4,871 |
Berry Petroleum Corp. 7.00% 20266 | 1,115 | 1,043 |
BP Capital Markets PLC 3.79% 2024 | 6,050 | 6,463 |
BP Capital Markets PLC 4.234% 2028 | 8,385 | 9,503 |
Bruin E&P Partners, LLC 8.875% 20236 | 1,555 | 1,034 |
Calfrac Well Services Ltd. 8.50% 20266 | 1,900 | 825 |
California Resources Corp., Term Loan B, (3-month USD-LIBOR + 4.75%) 6.55% 20229,10 | 5,750 | 5,012 |
Canadian Natural Resources Ltd. 2.95% 2023 | 17,755 | 18,129 |
Canadian Natural Resources Ltd. 3.85% 2027 | 7,780 | 8,239 |
Canadian Natural Resources Ltd. 4.95% 2047 | 4,509 | 5,290 |
Carrizo Oil & Gas Inc. 6.25% 2023 | 27,126 | 25,363 |
Cenovus Energy Inc. 3.80% 2023 | 16,165 | 16,728 |
The Income Fund of America — Page 14 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Energy (continued) | Principal amount (000) | Value (000) |
Cenovus Energy Inc. 4.25% 2027 | $13,135 | $13,850 |
Cenovus Energy Inc. 5.40% 2047 | 9,341 | 10,467 |
Centennial Resource Production, LLC 6.875% 20276 | 2,615 | 2,576 |
Cheniere Energy Partners, LP 4.50% 20296 | 12,771 | 13,074 |
Cheniere Energy, Inc. 7.00% 2024 | 7,015 | 8,085 |
Chesapeake Energy Corp. 4.875% 2022 | 28,085 | 22,450 |
Chesapeake Energy Corp. 5.75% 2023 | 290 | 213 |
Chesapeake Energy Corp. 8.00% 2025 | 9,000 | 5,985 |
Chesapeake Energy Corp. 8.00% 2027 | 24,995 | 15,747 |
Chevron Corp. 2.954% 2026 | 13,940 | 14,692 |
Comstock Resources, Inc. 9.75% 2026 | 22,175 | 17,629 |
Concho Resources Inc. 4.30% 2028 | 7,440 | 8,035 |
Concho Resources Inc. 4.85% 2048 | 2,108 | 2,372 |
CONSOL Energy Inc. 5.875% 2022 | 71,535 | 70,194 |
Convey Park Energy LLC 7.50% 20256 | 8,155 | 6,075 |
DCP Midstream Operating LP 4.95% 2022 | 13,065 | 13,524 |
Denbury Resources Inc. 9.00% 20216 | 5,050 | 4,444 |
Denbury Resources Inc. 7.75% 20246 | 780 | 577 |
Diamond Offshore Drilling, Inc. 7.875% 2025 | 2,650 | 2,127 |
Diamond Offshore Drilling, Inc. 4.875% 2043 | 52,991 | 27,224 |
El Paso Pipeline Partners Operating Co., LLC 4.70% 2042 | 33,265 | 34,576 |
Enbridge Energy Partners, LP 4.375% 2020 | 7,995 | 8,156 |
Enbridge Energy Partners, LP 5.875% 2025 | 8,075 | 9,402 |
Enbridge Energy Partners, LP 5.50% 2040 | 1,200 | 1,430 |
Enbridge Energy Partners, LP 7.375% 2045 | 18,914 | 28,125 |
Enbridge Energy Partners, LP, Series B, 7.50% 2038 | 6,000 | 8,536 |
Enbridge Inc. 4.00% 2023 | 10,830 | 11,499 |
Enbridge Inc. 3.70% 2027 | 12,538 | 13,334 |
Encino Acquisitions Partners LLC , Term Loan, (3-month USD-LIBOR + 6.75%) 8.536% 20253,9,10 | 1,225 | 827 |
Energy Transfer Partners, LP 4.15% 2020 | 5,000 | 5,072 |
Energy Transfer Partners, LP 4.50% 2024 | 2,170 | 2,318 |
Energy Transfer Partners, LP 4.75% 2026 | 8,000 | 8,673 |
Energy Transfer Partners, LP 4.00% 2027 | 5,586 | 5,764 |
Energy Transfer Partners, LP 4.20% 2027 | 7,263 | 7,580 |
Energy Transfer Partners, LP 4.95% 2028 | 9,400 | 10,270 |
Energy Transfer Partners, LP 6.125% 2045 | 7,449 | 8,593 |
Energy Transfer Partners, LP 5.30% 2047 | 8,944 | 9,479 |
Energy Transfer Partners, LP 5.40% 2047 | 14,364 | 15,447 |
Energy Transfer Partners, LP 6.00% 2048 | 8,153 | 9,446 |
Energy Transfer Partners, LP 6.25% 2049 | 11,891 | 14,307 |
EOG Resources, Inc. 4.15% 2026 | 3,830 | 4,242 |
EP Energy Corp. 8.00% 20246 | 780 | 324 |
EP Energy Corp. 7.75% 20266 | 1,900 | 1,330 |
EQT Corp. 3.00% 2022 | 3,175 | 3,030 |
EQT Corp. 3.90% 2027 | 6,305 | 5,568 |
Equinor ASA 3.625% 2028 | 16,155 | 17,911 |
Extraction Oil & Gas, Inc. 7.375% 20246 | 2,360 | 979 |
Extraction Oil & Gas, Inc. 5.625% 20266 | 18,300 | 7,869 |
Exxon Mobil Corp. 2.019% 2024 | 4,290 | 4,325 |
Exxon Mobil Corp. 2.275% 2026 | 6,260 | 6,332 |
Exxon Mobil Corp. 2.44% 2029 | 8,797 | 8,885 |
Exxon Mobil Corp. 3.095% 2049 | 1,400 | 1,417 |
Genesis Energy, LP 6.75% 2022 | 18,717 | 18,881 |
Genesis Energy, LP 6.50% 2025 | 10,650 | 10,157 |
The Income Fund of America — Page 15 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Energy (continued) | Principal amount (000) | Value (000) |
Global Partners LP/GLP Finance Corp. 7.00% 2023 | $1,680 | $1,742 |
Hi-Crush Partners LP 9.50% 20266 | 1,080 | 470 |
Indigo Natural Resources LLC 6.875% 20266 | 4,240 | 3,880 |
Jonah Energy LLC 7.25% 20256 | 15,680 | 4,547 |
KCA Deutag UK Finance PLC 9.625% 20236 | 1,900 | 1,209 |
Kinder Morgan Energy Partners, LP 5.00% 2043 | 20,000 | 21,523 |
Kinder Morgan, Inc. 3.15% 2023 | 996 | 1,021 |
Kinder Morgan, Inc. 4.30% 2028 | 20,098 | 21,872 |
Matador Resources Co. 5.875% 2026 | 3,265 | 3,151 |
McDermott International, Inc. 10.625% 20246 | 14,455 | 2,819 |
McDermott International, Term Loan B, (3-month USD-LIBOR + 5.00%) 7.104% 20259,10 | 3,087 | 1,892 |
McDermott International, Term Loan B, (3-month USD-LIBOR + 10.00%) 11.902% 202110 | 1,179 | 1,138 |
Nabors Industries Inc. 5.75% 2025 | 2,625 | 1,970 |
NGL Energy Partners LP 7.50% 2023 | 6,105 | 6,113 |
NGL Energy Partners LP 6.125% 2025 | 29,225 | 27,179 |
Nine Energy Service, Inc. 8.75% 20236 | 1,190 | 904 |
Noble Corp. PLC 7.95% 20258 | 14,840 | 8,607 |
Noble Corp. PLC 8.95% 20458 | 8,935 | 3,864 |
Noble Energy, Inc. 3.25% 2029 | 6,496 | 6,476 |
Noble Energy, Inc. 4.95% 2047 | 3,575 | 3,813 |
NuStar Logistics, LP 6.00% 2026 | 11,725 | 12,589 |
Oasis Petroleum Inc. 6.875% 2022 | 21,045 | 18,783 |
Oasis Petroleum Inc. 6.875% 2023 | 10,680 | 9,292 |
Oasis Petroleum Inc. 6.25% 20266 | 1,730 | 1,186 |
Occidental Petroleum Corp. 2.60% 2021 | 2,315 | 2,331 |
Occidental Petroleum Corp. 2.70% 2022 | 3,500 | 3,539 |
Occidental Petroleum Corp. 2.90% 2024 | 3,035 | 3,062 |
Occidental Petroleum Corp. 3.20% 2026 | 920 | 932 |
Occidental Petroleum Corp. 3.50% 2029 | 13,815 | 14,006 |
Occidental Petroleum Corp. 6.45% 2036 | 1,095 | 1,341 |
Occidental Petroleum Corp. 6.60% 2046 | 2,000 | 2,569 |
Occidental Petroleum Corp. 4.40% 2049 | 5,953 | 6,043 |
PDC Energy Inc. 5.75% 2026 | 800 | 750 |
Peabody Energy Corp. 6.00% 20226 | 17,925 | 16,670 |
Petróleos Mexicanos 6.875% 2026 | 61,349 | 67,269 |
Petróleos Mexicanos 6.50% 2027 | 40,327 | 42,847 |
Petróleos Mexicanos 5.35% 2028 | 4,129 | 4,088 |
Petróleos Mexicanos 6.84% 20306 | 24,744 | 26,467 |
Pioneer Natural Resources Co. 3.45% 2021 | 5,580 | 5,667 |
QEP Resources, Inc. 5.375% 2022 | 845 | 832 |
QEP Resources, Inc. 5.25% 2023 | 5,470 | 5,224 |
QEP Resources, Inc. 5.625% 2026 | 8,193 | 7,415 |
Range Resources Corp. 5.00% 2022 | 690 | 656 |
Range Resources Corp. 5.00% 2023 | 1,230 | 1,070 |
Range Resources Corp. 4.875% 2025 | 2,375 | 1,918 |
Ras Laffan Liquefied Natural Gas II 5.298% 20206 | 2,037 | 2,071 |
Sabine Pass Liquefaction, LLC 5.625% 20238 | 9,500 | 10,342 |
Sabine Pass Liquefaction, LLC 5.75% 2024 | 10,000 | 11,190 |
Sabine Pass Liquefaction, LLC 5.625% 2025 | 6,445 | 7,215 |
Sabine Pass Liquefaction, LLC 5.875% 2026 | 2,100 | 2,412 |
Sanchez Energy Corp. 7.25% 20236,12 | 6,000 | 4,140 |
Sanchez Energy Corp., Term Loan, (3-month USD-LIBOR + 8.00%) 10.176% 20203,4,9,10 | 692 | 692 |
Saudi Arabian Oil Co. 2.875% 20246 | 14,822 | 15,060 |
Saudi Arabian Oil Co. 3.50% 20296 | 9,753 | 10,140 |
The Income Fund of America — Page 16 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Energy (continued) | Principal amount (000) | Value (000) |
Shell International Finance BV 3.50% 2023 | $10,187 | $10,799 |
SM Energy Co. 6.125% 2022 | 3,486 | 3,338 |
SM Energy Co. 5.00% 2024 | 13,290 | 11,795 |
SM Energy Co. 5.625% 2025 | 4,470 | 3,811 |
SM Energy Co. 6.75% 2026 | 880 | 759 |
SM Energy Co. 6.625% 2027 | 3,875 | 3,274 |
Southwestern Energy Co. 6.20% 20258 | 14,035 | 12,421 |
Southwestern Energy Co. 7.50% 2026 | 6,035 | 5,326 |
Statoil ASA 2.75% 2021 | 3,085 | 3,143 |
Statoil ASA 3.25% 2024 | 850 | 898 |
Statoil ASA 4.25% 2041 | 3,000 | 3,548 |
Sunoco LP 4.875% 2023 | 5,635 | 5,797 |
Sunoco LP 5.50% 2026 | 1,665 | 1,726 |
Sunoco LP 6.00% 2027 | 10,160 | 10,693 |
Sunoco LP 5.875% 2028 | 5,000 | 5,263 |
Tapstone Energy Inc. 9.75% 20226 | 2,510 | 653 |
Targa Resources Corp. 5.875% 2026 | 6,925 | 7,255 |
Targa Resources Partners LP 6.50% 20276 | 1,540 | 1,652 |
Targa Resources Partners LP 6.875% 20296 | 1,520 | 1,647 |
Teekay Corp. 9.25% 20226 | 21,750 | 22,620 |
Teekay Offshore Partners LP 8.50% 20236 | 14,275 | 14,382 |
Total Capital International 2.434% 2025 | 1,765 | 1,793 |
Total Capital International 3.455% 2029 | 15,270 | 16,650 |
Total Capital International 3.461% 2049 | 555 | 589 |
Total Capital SA 3.883% 2028 | 6,190 | 6,940 |
TransCanada Corp. 7.625% 2039 | 10,750 | 15,910 |
TransCanada PipeLines Ltd. 4.25% 2028 | 8,465 | 9,362 |
TransCanada PipeLines Ltd. 4.75% 2038 | 9,600 | 10,882 |
Transocean Guardian Ltd. 5.875% 20246 | 3,431 | 3,448 |
Transocean Inc. 8.375% 20218 | 4,235 | 4,320 |
Transocean Inc. 9.00% 20236 | 9,702 | 9,920 |
Transocean Inc. 6.125% 20256 | 1,268 | 1,271 |
Transocean Poseidon Ltd. 6.875% 20276 | 2,080 | 2,108 |
Ultra Petroleum Corp. 11.00% 2024 (18.18% PIK)11 | 25,535 | 3,958 |
Valaris PLC 7.75% 2026 | 13,850 | 7,341 |
Valaris PLC 5.75% 2044 | 27,925 | 11,449 |
Valero Energy Corp. 4.00% 2029 | 6,000 | 6,418 |
Vine Oil & Gas LP 8.75% 20236 | 13,885 | 5,415 |
W&T Offshore, Inc. 9.75% 20236 | 1,517 | 1,430 |
Weatherford International LLC 9.875% 202512 | 10,735 | 3,382 |
Weatherford International Ltd., Term Loan, (3-month USD-LIBOR + 3.00%) 5.00% 20203,9,10 | 33,862 | 33,819 |
Weatherford International PLC 5.125% 202012 | 215 | 66 |
Weatherford International PLC 4.50% 202212 | 34,907 | 10,647 |
Weatherford International PLC 8.25% 202312 | 22,040 | 6,832 |
Weatherford International PLC 9.875% 202412 | 3,925 | 1,217 |
Weatherford International PLC 6.50% 203612 | 16,170 | 4,972 |
Weatherford International PLC 7.00% 203812 | 840 | 256 |
Weatherford International PLC 6.75% 204012 | 37,450 | 11,422 |
Whiting Petroleum Corp. 5.75% 2021 | 1,575 | 1,488 |
Whiting Petroleum Corp. 6.25% 2023 | 1,406 | 1,026 |
Whiting Petroleum Corp. 6.625% 2026 | 3,890 | 2,431 |
Woodside Finance Ltd. 4.60% 20216 | 14,435 | 14,846 |
1,477,001 |
The Income Fund of America — Page 17 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Consumer discretionary 1.19% | Principal amount (000) | Value (000) |
Allied Universal Holdco LLC 6.625% 20266 | $10,500 | $11,235 |
Allied Universal Holdco LLC 9.75% 20276 | 21,000 | 21,998 |
Amazon.com, Inc. 3.15% 2027 | 890 | 950 |
Amazon.com, Inc. 3.875% 2037 | 1,400 | 1,593 |
Amazon.com, Inc. 4.05% 2047 | 3,349 | 3,987 |
American Axle & Manufacturing Holdings, Inc. 6.50% 2027 | 7,890 | 7,505 |
American Honda Finance Corp. 1.65% 2021 | 4,750 | 4,736 |
American Honda Finance Corp. 2.60% 2022 | 2,000 | 2,040 |
American Honda Finance Corp. 3.55% 2024 | 2,000 | 2,128 |
American Honda Finance Corp. 3.50% 2028 | 2,000 | 2,155 |
Bayerische Motoren Werke AG 2.15% 20206 | 2,000 | 2,002 |
Bayerische Motoren Werke AG 1.85% 20216 | 1,500 | 1,498 |
Bayerische Motoren Werke AG 2.95% 20226 | 4,000 | 4,091 |
Bayerische Motoren Werke AG 2.25% 20236 | 1,000 | 1,003 |
Bayerische Motoren Werke AG 3.45% 20236 | 10,195 | 10,622 |
Bayerische Motoren Werke AG 3.15% 20246 | 2,555 | 2,648 |
Bayerische Motoren Werke AG 3.625% 20296 | 2,000 | 2,154 |
BMW Finance NV 2.40% 20246 | 3,000 | 3,017 |
Carnival Corp. 3.95% 2020 | 11,290 | 11,501 |
Cedar Fair, LP 5.25% 20296 | 6,275 | 6,761 |
Churchill Downs Inc. 4.75% 20286 | 14,710 | 15,298 |
Cirsa Gaming Corp. SA 7.875% 20236 | 8,852 | 9,390 |
DaimlerChrysler North America Holding Corp. 2.25% 20206 | 8,660 | 8,668 |
DaimlerChrysler North America Holding Corp. 2.00% 20216 | 9,725 | 9,712 |
DaimlerChrysler North America Holding Corp. 3.40% 20226 | 2,525 | 2,593 |
DaimlerChrysler North America Holding Corp. 3.65% 20246 | 7,500 | 7,883 |
DaimlerChrysler North America Holding Corp. 3.30% 20256 | 2,000 | 2,074 |
DaimlerChrysler North America Holding Corp. 8.50% 2031 | 2,000 | 3,020 |
Extended Stay America Inc. 4.625% 20276 | 10,706 | 10,761 |
Fertitta Entertainment, Inc. 8.75% 20256 | 8,880 | 9,368 |
Ford Motor Credit Co. 2.343% 2020 | 16,295 | 16,254 |
Ford Motor Credit Co. 3.157% 2020 | 6,177 | 6,207 |
Ford Motor Credit Co. 3.20% 2021 | 10,990 | 11,036 |
Ford Motor Credit Co. 3.47% 2021 | 291 | 293 |
Ford Motor Credit Co. 3.813% 2021 | 10,071 | 10,256 |
Ford Motor Credit Co. 3.219% 2022 | 229 | 229 |
Ford Motor Credit Co. 3.339% 2022 | 25,724 | 25,860 |
Ford Motor Credit Co. 5.596% 2022 | 5,875 | 6,195 |
Ford Motor Credit Co. 3.096% 2023 | 29,834 | 29,469 |
Ford Motor Credit Co. 4.375% 2023 | 13,136 | 13,525 |
Ford Motor Credit Co. 3.664% 2024 | 10,699 | 10,592 |
General Motors Co. 4.875% 2023 | 5,218 | 5,610 |
General Motors Co. 4.35% 2025 | 6,065 | 6,374 |
General Motors Co. 6.60% 2036 | 5,925 | 6,885 |
General Motors Co. 6.25% 2043 | 3,325 | 3,684 |
General Motors Co. 6.75% 2046 | 15,072 | 17,408 |
General Motors Co. 5.95% 2049 | 2,890 | 3,158 |
General Motors Financial Co. 3.70% 2020 | 2,725 | 2,764 |
General Motors Financial Co. 3.20% 2021 | 7,705 | 7,800 |
General Motors Financial Co. 3.55% 2021 | 1,400 | 1,422 |
General Motors Financial Co. 4.20% 2021 | 9,340 | 9,654 |
General Motors Financial Co. 3.15% 2022 | 5,739 | 5,831 |
General Motors Financial Co. 3.45% 2022 | 35,885 | 36,594 |
General Motors Financial Co. 3.45% 2022 | 3,000 | 3,060 |
The Income Fund of America — Page 18 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) |
General Motors Financial Co. 3.55% 2022 | $14,170 | $14,542 |
General Motors Financial Co. 3.25% 2023 | 16,226 | 16,446 |
General Motors Financial Co. 3.70% 2023 | 10,960 | 11,263 |
General Motors Financial Co. 4.15% 2023 | 6,975 | 7,263 |
General Motors Financial Co. 3.50% 2024 | 9,404 | 9,590 |
General Motors Financial Co. 5.10% 2024 | 10,611 | 11,469 |
General Motors Financial Co. 4.00% 2026 | 2,000 | 2,043 |
Hanesbrands Inc. 4.625% 20246 | 12,350 | 13,044 |
Hanesbrands Inc. 4.875% 20266 | 21,557 | 22,904 |
Hilton Worldwide Holdings Inc. 4.875% 20306 | 7,545 | 8,035 |
Home Depot, Inc. 3.90% 2028 | 1,975 | 2,236 |
Home Depot, Inc. 2.95% 2029 | 5,065 | 5,350 |
Home Depot, Inc. 5.95% 2041 | 12,500 | 17,747 |
Home Depot, Inc. 4.50% 2048 | 5,478 | 6,876 |
Hyundai Capital America 3.45% 20216 | 21,325 | 21,623 |
Hyundai Capital America 3.75% 20216 | 5,000 | 5,107 |
Hyundai Capital America 2.85% 20226 | 8,235 | 8,303 |
Hyundai Capital America 3.10% 20226 | 9,720 | 9,837 |
Hyundai Capital America 3.25% 20226 | 11,817 | 12,042 |
Hyundai Capital America 3.95% 20226 | 8,000 | 8,243 |
Lennar Corp. 8.375% 2021 | 4,100 | 4,387 |
Levi Strauss & Co. 5.00% 2025 | 5,700 | 5,942 |
Limited Brands, Inc. 6.625% 2021 | 15,000 | 15,788 |
Lowe’s Companies, Inc. 3.65% 2029 | 10,461 | 11,266 |
Lowe’s Companies, Inc. 4.55% 2049 | 3,396 | 3,895 |
Merlin Entertainment 5.75% 20266 | 3,910 | 4,179 |
MGM Resorts International 7.75% 2022 | 13,050 | 14,649 |
MGM Resorts International 6.00% 2023 | 10,385 | 11,479 |
MGM Resorts International 5.50% 2027 | 10,135 | 11,174 |
Neiman Marcus Group Ltd. LLC 8.00% 20246 | 10,913 | 2,974 |
Neiman Marcus Group Ltd. LLC 8.75% 20246 | 9,786 | 2,691 |
Neiman Marcus Group Ltd. LLC 14.00% 2024 (42.86% PIK)6,11 | 13,454 | 7,198 |
Neiman Marcus Group Ltd. LLC, Term Loan B, (3-month USD-LIBOR + 6.00%) 8.56% 2023 (11.69% PIK)9,10,11 | 6,618 | 4,895 |
Newell Rubbermaid Inc. 3.85% 2023 | 4,890 | 5,070 |
Nissan Motor Co., Ltd. 2.60% 20226 | 9,910 | 9,960 |
NMG Finco PLC 5.75% 20226 | 6,375 | 6,123 |
Panther BF Aggregator 2, LP 6.25% 20266 | 10,295 | 10,910 |
Panther BF Aggregator 2, LP 8.50% 20276 | 14,980 | 15,092 |
PetSmart, Inc. 7.125% 20236 | 74,190 | 68,997 |
PetSmart, Inc. 5.875% 20256 | 66,844 | 66,176 |
PetSmart, Inc. 8.875% 20256 | 91,915 | 86,860 |
PetSmart, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 4.93% 20229,10 | 23,333 | 22,847 |
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 | 1,515 | 1,534 |
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 | 30,690 | 31,764 |
Scientific Games Corp. 6.25% 2020 | 330 | 331 |
Scientific Games Corp. 6.625% 2021 | 250 | 254 |
Scientific Games Corp. 10.00% 2022 | 6,849 | 7,063 |
Scientific Games Corp. 8.25% 20266 | 30,390 | 32,213 |
Service Corp. International 5.375% 2024 | 9,727 | 10,055 |
Service Corp. International 5.125% 2029 | 6,755 | 7,228 |
Six Flags Entertainment Corp. 4.875% 20246 | 21,565 | 22,320 |
Staples, Inc. 7.50% 20266 | 56,875 | 59,434 |
Starbucks Corp. 3.10% 2023 | 4,461 | 4,620 |
Toyota Motor Credit Corp. 2.15% 2020 | 3,000 | 3,003 |
The Income Fund of America — Page 19 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Consumer discretionary (continued) | Principal amount (000) | Value (000) |
Toyota Motor Credit Corp. 2.15% 2022 | $2,000 | $2,019 |
Toyota Motor Credit Corp. 2.60% 2022 | 3,390 | 3,449 |
Toyota Motor Credit Corp. 2.70% 2023 | 1,505 | 1,548 |
Toyota Motor Credit Corp. 3.20% 2027 | 1,330 | 1,427 |
Toyota Motor Credit Corp. 3.05% 2028 | 5,992 | 6,385 |
Volkswagen Group of America Finance, LLC 4.00% 20216 | 8,028 | 8,323 |
Volkswagen Group of America Finance, LLC 2.70% 20226 | 9,202 | 9,297 |
Volkswagen Group of America Finance, LLC 4.25% 20236 | 9,365 | 10,042 |
Volkswagen Group of America Finance, LLC 2.85% 20246 | 4,870 | 4,942 |
Volkswagen Group of America Finance, LLC 4.625% 20256 | 8,601 | 9,561 |
Volkswagen Group of America Finance, LLC 3.20% 20266 | 8,003 | 8,195 |
Volkswagen Group of America Finance, LLC 4.75% 20286 | 2,000 | 2,270 |
William Carter Co. 5.625% 20276 | 1,390 | 1,487 |
Wyndham Worldwide Corp. 5.375% 20266 | 10,245 | 10,860 |
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 20236 | 20,188 | 20,972 |
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.50% 20256 | 6,550 | 6,976 |
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 20276 | 4,065 | 4,243 |
Wynn Resorts Ltd. 5.125% 20296 | 17,819 | 18,654 |
1,339,535 | ||
Utilities 0.89% | ||
Abu Dhabi National Energy Co. PJSC (TAQA) 3.625% 20236 | 2,000 | 2,060 |
Abu Dhabi National Energy Co. PJSC (TAQA) 4.375% 20256 | 17,000 | 18,286 |
Abu Dhabi National Energy Co. PJSC (TAQA) 4.375% 20266 | 600 | 649 |
Abu Dhabi National Energy Co. PJSC (TAQA) 4.875% 20306 | 440 | 499 |
AEP Transmission Co. LLC 3.75% 2047 | 3,660 | 4,030 |
AES Corp. 4.00% 20212 | 2,450 | 2,496 |
AES Corp. 4.50% 20232 | 1,300 | 1,333 |
AES Corp. 4.875% 20232 | 4,685 | 4,772 |
AES Corp. 5.50% 20252 | 13,289 | 13,833 |
AES Corp. 6.00% 20262 | 11,995 | 12,853 |
AES Corp. 5.125% 20272 | 8,955 | 9,649 |
Ameren Corp. 2.50% 2024 | 1,939 | 1,954 |
Ameren Corp. 4.50% 2049 | 1,875 | 2,358 |
American Electric Power Co., Inc. 2.95% 2022 | 12,065 | 12,337 |
American Electric Power Co., Inc. 3.20% 2027 | 19,761 | 20,818 |
American Electric Power Co., Inc. 4.30% 2028 | 4,659 | 5,292 |
AmeriGas Partners, LP 5.50% 2025 | 6,850 | 7,382 |
Avangrid, Inc. 3.80% 2029 | 14,825 | 15,983 |
Berkshire Hathaway Energy Co. 2.40% 2020 | 3,110 | 3,112 |
Calpine Corp. 6.00% 20226 | 3,425 | 3,443 |
Calpine Corp. 5.375% 2023 | 6,360 | 6,479 |
Calpine Corp. 5.875% 20246 | 2,000 | 2,049 |
Calpine Corp. 5.25% 20266 | 10,225 | 10,672 |
Centerpoint Energy, Inc. 2.50% 2022 | 3,000 | 3,028 |
CenterPoint Energy, Inc. 3.85% 2024 | 4,000 | 4,240 |
CenterPoint Energy, Inc. 3.70% 2049 | 5,000 | 5,113 |
CMS Energy Corp. 3.00% 2026 | 3,000 | 3,089 |
Colbun SA 4.50% 20246 | 1,500 | 1,592 |
Colbun SA 3.95% 20276 | 1,554 | 1,611 |
Comision Federal de Electricidad 4.875% 20246 | 2,000 | 2,138 |
Comision Federal de Electricidad 4.75% 20276 | 370 | 391 |
Commonwealth Edison Co. 4.00% 2048 | 5,225 | 6,030 |
Consolidated Edison Co. of New York, Inc. 3.125% 2027 | 1,771 | 1,866 |
The Income Fund of America — Page 20 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Consolidated Edison Co. of New York, Inc. 4.50% 2058 | $8,390 | $10,018 |
Consumers Energy Co. 3.375% 2023 | 360 | 377 |
Consumers Energy Co. 3.125% 2024 | 2,520 | 2,629 |
Consumers Energy Co. 4.05% 2048 | 6,855 | 8,083 |
Consumers Energy Co. 3.10% 2050 | 5,000 | 5,060 |
Dominion Resources, Inc., junior subordinated, 3.071% 20248 | 3,450 | 3,559 |
DTE Electric Co. 3.375% 2025 | 668 | 710 |
DTE Electric Co. 3.70% 2045 | 1,493 | 1,659 |
DTE Electric Co. 3.75% 2047 | 5,000 | 5,592 |
DTE Electric Co. 3.95% 2049 | 7,060 | 8,168 |
DTE Energy Co., Series C, 2.529% 202410 | 2,975 | 2,987 |
Duke Energy Carolinas, Inc. 2.95% 2026 | 1,771 | 1,856 |
Duke Energy Indiana, Inc. 4.90% 2043 | 14,785 | 18,495 |
Duke Energy Indiana, Inc. 3.25% 2049 | 3,100 | 3,131 |
Duke Energy Progress Inc. 4.15% 2044 | 3,935 | 4,509 |
Duke Energy Progress, LLC 3.375% 2023 | 2,805 | 2,944 |
Duke Energy Progress, LLC 3.45% 2029 | 5,168 | 5,623 |
Edison International 2.40% 2022 | 900 | 880 |
Edison International 5.75% 2027 | 2,477 | 2,693 |
Edison International 4.125% 2028 | 2,477 | 2,466 |
EDP Finance BV 4.125% 20206 | 3,402 | 3,409 |
EDP Finance BV 5.25% 20216 | 22,500 | 23,276 |
EDP Finance BV 3.625% 20246 | 16,875 | 17,496 |
Electricité de France SA 4.50% 20286 | 593 | 666 |
Electricité de France SA 4.75% 20356 | 10,573 | 12,025 |
Electricité de France SA 4.875% 20386 | 3,925 | 4,529 |
Electricité de France SA 5.00% 20486 | 375 | 449 |
Electricité de France SA 5.25% (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) 10-year + 3.709% on 1/29/2023)6,8 | 3,500 | 3,616 |
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)8 | 36,024 | 40,562 |
Emera US Finance LP 2.70% 2021 | 2,505 | 2,528 |
Emera US Finance LP 4.75% 2046 | 5,687 | 6,680 |
Empresa Nacional de Electricidad SA 4.25% 2024 | 900 | 943 |
Enel Chile SA 4.875% 2028 | 955 | 1,056 |
Enel Finance International SA 3.50% 20286 | 1,400 | 1,443 |
Enel Finance International SA 6.00% 20396 | 3,000 | 3,790 |
Enel Società per Azioni 8.75% 20736,8 | 12,000 | 14,160 |
Entergy Corp. 4.00% 2022 | 2,220 | 2,323 |
Entergy Corp. 2.95% 2026 | 4,775 | 4,902 |
Entergy Louisiana, LLC 4.20% 2048 | 5,125 | 6,000 |
Eversource Energy 3.80% 2023 | 4,095 | 4,341 |
Eversource Energy 3.30% 2028 | 573 | 594 |
Eversource Energy 4.25% 2029 | 4,849 | 5,454 |
Exelon Corp. 3.95% 2025 | 846 | 917 |
Exelon Corp. 3.40% 2026 | 2,860 | 3,011 |
Exelon Corp., junior subordinated, 3.497% 20228 | 17,585 | 18,103 |
FirstEnergy Corp. 3.90% 2027 | 29,882 | 32,186 |
FirstEnergy Corp. 3.50% 20286 | 2,500 | 2,631 |
FirstEnergy Corp. 4.85% 2047 | 9,733 | 11,618 |
FirstEnergy Corp., Series B, 4.25% 2023 | 38,390 | 40,710 |
Florida Power & Light Co. 3.15% 2049 | 8,950 | 9,157 |
Gulf Power Co. 3.30% 2027 | 1,831 | 1,949 |
Interstate Power and Light Co. 3.25% 2024 | 9,628 | 10,115 |
Israel Electric Corp. Ltd. 8.10% 20966 | 4,905 | 6,732 |
The Income Fund of America — Page 21 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Jersey Central Power & Light Co. 4.30% 20266 | $925 | $1,013 |
Mississippi Power Co. 3.95% 2028 | 6,437 | 7,057 |
Mississippi Power Co. 4.25% 2042 | 7,500 | 8,102 |
National Grid PLC 3.15% 20276 | 1,105 | 1,154 |
National Rural Utilities Cooperative Finance Corp. 2.95% 2024 | 6,000 | 6,214 |
National Rural Utilities Cooperative Finance Corp. 3.05% 2027 | 12,000 | 12,530 |
New York State Electric & Gas Corp. 3.25% 20266 | 3,000 | 3,149 |
NGL Energy Partners LP 7.50% 20266 | 5,960 | 5,720 |
Niagara Mohawk Power Corp. 3.508% 20246 | 3,150 | 3,333 |
Niagara Mohawk Power Corp. 4.278% 20346 | 2,000 | 2,321 |
NiSource Finance Corp. 2.65% 2022 | 1,775 | 1,800 |
Northern States Power Co. 2.20% 2020 | 21 | 21 |
Northern States Power Co. 4.125% 2044 | 11,000 | 12,890 |
Northern States Power Co. 2.90% 2050 | 9,275 | 9,028 |
NRG Energy, Inc. 7.25% 2026 | 2,000 | 2,198 |
NV Energy, Inc. 6.25% 2020 | 920 | 959 |
Pacific Gas and Electric Co. 3.50% 202012 | 1,711 | 1,630 |
Pacific Gas and Electric Co. 2.45% 202212 | 2,500 | 2,331 |
Pacific Gas and Electric Co. 3.85% 202312 | 7,032 | 6,663 |
Pacific Gas and Electric Co. 4.25% 20236,12 | 20,167 | 19,159 |
Pacific Gas and Electric Co. 3.40% 202412 | 2,910 | 2,765 |
Pacific Gas and Electric Co. 3.75% 202412 | 3,532 | 3,355 |
Pacific Gas and Electric Co. 3.50% 202512 | 2,965 | 2,824 |
Pacific Gas and Electric Co. 2.95% 202612 | 2,200 | 2,057 |
Pacific Gas and Electric Co. 3.30% 202712 | 9,104 | 8,558 |
Pacific Gas and Electric Co. 4.65% 20286,12 | 9,056 | 8,784 |
PacifiCorp., First Mortgage Bonds, 3.50% 2029 | 4,000 | 4,384 |
PacifiCorp., First Mortgage Bonds, 4.125% 2049 | 11,000 | 12,907 |
Progress Energy, Inc. 7.00% 2031 | 4,000 | 5,531 |
Progress Energy, Inc. 7.75% 2031 | 2,500 | 3,577 |
Public Service Co. of Colorado 2.25% 2022 | 298 | 300 |
Public Service Co. of Colorado 2.50% 2023 | 1,430 | 1,448 |
Public Service Electric and Gas Co. 3.20% 2029 | 6,000 | 6,377 |
Public Service Electric and Gas Co. 3.60% 2047 | 1,790 | 1,963 |
Public Service Enterprise Group Inc. 2.65% 2022 | 3,975 | 4,045 |
Public Service Enterprise Group Inc. 2.875% 2024 | 5,225 | 5,369 |
Public Service Enterprise Group Inc. 3.20% 2049 | 5,000 | 5,169 |
Puget Energy, Inc. 6.50% 2020 | 10,943 | 11,464 |
Puget Energy, Inc. 6.00% 2021 | 3,945 | 4,211 |
Puget Energy, Inc. 5.625% 2022 | 9,592 | 10,299 |
Puget Energy, Inc. 3.65% 2025 | 1,911 | 1,990 |
Puget Sound Energy, Inc. 3.25% 2049 | 6,750 | 6,884 |
San Diego Gas & Electric Co. 3.75% 2047 | 5,000 | 5,201 |
SCANA Corp. 6.25% 2020 | 369 | 374 |
SCANA Corp. 4.75% 2021 | 5,693 | 5,842 |
SCANA Corp. 4.125% 2022 | 2,951 | 3,047 |
South Carolina Electric & Gas Co. 5.45% 2041 | 1,937 | 2,528 |
Southern California Edison Co. 2.90% 2021 | 10,325 | 10,408 |
Southern California Edison Co. 1.845% 2022 | 3,196 | 3,142 |
Southern California Edison Co. 2.40% 2022 | 1,700 | 1,701 |
Southern California Edison Co. 3.40% 2023 | 2,969 | 3,070 |
Southern California Edison Co. 3.50% 2023 | 11,725 | 12,195 |
Southern California Edison Co. 3.70% 2025 | 1,475 | 1,565 |
Southern California Edison Co. 3.65% 2028 | 6,300 | 6,673 |
The Income Fund of America — Page 22 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Utilities (continued) | Principal amount (000) | Value (000) |
Southern California Edison Co. 2.85% 2029 | $4,475 | $4,494 |
Southern California Edison Co. 4.20% 2029 | 17,175 | 19,005 |
Southern California Edison Co. 6.00% 2034 | 3,700 | 4,535 |
Southern California Edison Co. 5.35% 2035 | 5,075 | 5,933 |
Southern California Edison Co. 5.75% 2035 | 4,200 | 5,052 |
Southern California Edison Co. 5.625% 2036 | 2,725 | 3,242 |
Southern California Edison Co. 5.55% 2037 | 1,525 | 1,838 |
Southern California Edison Co. 5.95% 2038 | 12,025 | 14,898 |
Southern California Edison Co. 6.05% 2039 | 3,000 | 3,776 |
Southern California Edison Co. 4.00% 2047 | 11,901 | 12,521 |
Southern California Edison Co. 4.125% 2048 | 3,425 | 3,664 |
Southern California Edison Co. 4.875% 2049 | 4,920 | 5,845 |
Southern California Edison Co., Series C, 3.60% 2045 | 11,150 | 10,887 |
Southern Co. 4.40% 2046 | 2,750 | 3,109 |
State Grid Overseas Investment Ltd. 3.50% 20276 | 2,000 | 2,108 |
Talen Energy Corp. 6.50% 2025 | 180 | 136 |
Talen Energy Corp. 10.50% 20266 | 8,520 | 7,349 |
Talen Energy Corp. 7.25% 20276 | 14,095 | 14,130 |
Veolia Environnement 6.75% 2038 | 500 | 692 |
Virginia Electric and Power Co. 3.45% 2024 | 560 | 590 |
Virginia Electric and Power Co. 3.10% 2025 | 5,458 | 5,692 |
Virginia Electric and Power Co. 4.60% 2048 | 3,450 | 4,268 |
Vistra Energy Corp. 7.625% 2024 | 3,925 | 4,084 |
Xcel Energy Inc. 4.00% 2028 | 329 | 364 |
995,738 | ||
Materials 0.86% | ||
Air Liquide SA 2.25% 20296 | 3,866 | 3,784 |
AK Steel Holding Corp. 7.625% 2021 | 9,825 | 9,661 |
AK Steel Holding Corp. 6.375% 2025 | 1,400 | 1,162 |
AK Steel Holding Corp. 7.00% 2027 | 1,300 | 1,084 |
ArcelorMittal 3.60% 2024 | 16,705 | 17,136 |
ArcelorMittal 4.25% 2029 | 1,600 | 1,638 |
Ardagh Packaging Finance 4.625% 20236 | 2,930 | 3,002 |
Ardagh Packaging Finance 6.00% 20256 | 5,725 | 6,026 |
Ardagh Packaging Finance 4.125% 20266 | 5,000 | 5,067 |
Axalta Coating Systems LLC 4.875% 20246 | 7,250 | 7,522 |
Ball Corp. 4.375% 2020 | 6,700 | 6,838 |
Ball Corp. 5.25% 2025 | 8,000 | 8,920 |
Berry Global Escrow Corp. 4.875% 20266 | 1,350 | 1,423 |
Berry Plastics Corp. 5.50% 2022 | 2,185 | 2,223 |
Braskem SA 4.50% 20306 | 10,000 | 9,925 |
BWAY Parent Co., Inc. 5.50% 20246 | 6,000 | 6,195 |
BWAY Parent Co., Inc. 7.25% 20256 | 1,120 | 1,075 |
Carlyle Group LP 8.75% 20236,11 | 1,680 | 1,659 |
CF Industries, Inc. 3.45% 2023 | 2,190 | 2,231 |
CF Industries, Inc. 4.95% 2043 | 4,035 | 4,055 |
CF Industries, Inc. 5.375% 2044 | 4,935 | 5,083 |
Chemours Co. 6.625% 2023 | 28,650 | 28,605 |
Chevron Phillips Chemical Co. LLC 3.30% 20236 | 1,945 | 2,015 |
Cleveland-Cliffs Inc. 4.875% 20246 | 28,025 | 28,866 |
Cleveland-Cliffs Inc. 5.75% 2025 | 38,706 | 38,319 |
Cleveland-Cliffs Inc. 5.875% 20276 | 51,245 | 49,003 |
Consolidated Energy Finance SA 6.50% 20266 | 10,605 | 10,260 |
The Income Fund of America — Page 23 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Materials (continued) | Principal amount (000) | Value (000) |
CRH America, Inc. 3.875% 20256 | $2,000 | $2,138 |
CRH America, Inc. 5.125% 20456 | 1,000 | 1,168 |
Crown Holdings, Inc. 4.75% 2026 | 6,000 | 6,315 |
CVR Partners, LP 9.25% 20236 | 15,730 | 16,536 |
Dow Chemical Co. 4.125% 2021 | 3,300 | 3,421 |
Dow Chemical Co. 3.15% 20246 | 1,315 | 1,359 |
Dow Chemical Co. 4.55% 20256 | 5,309 | 5,860 |
Dow Chemical Co. 3.625% 20266 | 2,018 | 2,119 |
Dow Chemical Co. 4.80% 20286 | 3,000 | 3,419 |
Dow Chemical Co. 4.625% 2044 | 1,200 | 1,289 |
Dow Chemical Co. 5.55% 20486 | 2,100 | 2,570 |
Dow Chemical Co. 4.80% 20496 | 1,304 | 1,451 |
DowDuPont Inc. 4.205% 2023 | 3,250 | 3,492 |
DowDuPont Inc. 4.493% 2025 | 2,165 | 2,398 |
DowDuPont Inc. 4.725% 2028 | 950 | 1,084 |
DowDuPont Inc. 5.419% 2048 | 500 | 622 |
First Quantum Minerals Ltd. 7.00% 20216 | 2,044 | 2,058 |
First Quantum Minerals Ltd. 7.25% 20226 | 13,175 | 13,257 |
First Quantum Minerals Ltd. 7.25% 20236 | 9,615 | 9,693 |
First Quantum Minerals Ltd. 6.50% 20246 | 22,591 | 22,184 |
First Quantum Minerals Ltd. 7.50% 20256 | 76,350 | 76,827 |
First Quantum Minerals Ltd. 6.875% 20266 | 23,575 | 23,192 |
Freeport-McMoRan Inc. 3.55% 2022 | 54,511 | 55,261 |
Freeport-McMoRan Inc. 3.875% 2023 | 9,945 | 10,119 |
FXI Holdings, Inc. 7.875% 20246 | 7,015 | 6,278 |
Greif, Inc. 6.50% 20276 | 2,715 | 2,925 |
H.I.G. Capital, LLC 6.75% 20246 | 11,040 | 10,212 |
Holcim Ltd. 6.00% 20196 | 1,607 | 1,616 |
Holcim Ltd. 5.15% 20236 | 12,595 | 13,652 |
INEOS Group Holdings SA 5.625% 20246 | 8,600 | 8,836 |
International Paper Co. 7.30% 2039 | 5,615 | 7,706 |
LSB Industries, Inc. 9.625% 20236 | 21,955 | 23,382 |
LYB International Finance III, LLC 4.20% 2049 | 332 | 333 |
LyondellBasell Industries NV 6.00% 2021 | 2,500 | 2,670 |
Mineral Resources Ltd. 8.125% 20276 | 7,150 | 7,543 |
Mosaic Co. 3.25% 2022 | 1,500 | 1,540 |
Norbord Inc. 5.75% 20276 | 13,115 | 13,607 |
Nova Chemicals Corp. 5.25% 20276 | 17,720 | 18,274 |
Novelis Corp. 6.25% 20246 | 4,100 | 4,305 |
Nutrien Ltd. 5.00% 2049 | 850 | 1,005 |
OCI NV 5.25% 20246 | 20,190 | 20,947 |
Owens-Illinois, Inc. 5.875% 20236 | 21,820 | 23,129 |
Platform Specialty Products Corp. 5.875% 20256 | 10,435 | 10,945 |
Praxair, Inc. 3.00% 2021 | 2,500 | 2,555 |
Rayonier Advanced Materials Inc. 5.50% 20246 | 22,771 | 15,883 |
Reynolds Group Inc. 5.75% 2020 | 9,638 | 9,683 |
Reynolds Group Inc. 7.00% 20246 | 4,200 | 4,355 |
Ryerson Inc. 11.00% 20226 | 48,121 | 51,129 |
S.P.C.M. SA 4.875% 20256 | 11,750 | 12,191 |
Scotts Miracle-Gro Co. 4.50% 20296 | 16,190 | 16,311 |
Sealed Air Corp. 5.25% 20236 | 5,960 | 6,392 |
Sherwin-Williams Co. 2.75% 2022 | 1,980 | 2,017 |
Sherwin-Williams Co. 3.125% 2024 | 1,500 | 1,557 |
Sherwin-Williams Co. 3.45% 2027 | 1,812 | 1,911 |
The Income Fund of America — Page 24 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Materials (continued) | Principal amount (000) | Value (000) |
Sherwin-Williams Co. 2.95% 2029 | $2,000 | $2,022 |
Sherwin-Williams Co. 4.50% 2047 | 3,115 | 3,521 |
Sherwin-Williams Co. 3.80% 2049 | 10,914 | 11,155 |
Standard Industries Inc. 6.00% 20256 | 2,075 | 2,189 |
Starfruit US Holdco LLC 8.00% 20266 | 15,045 | 15,045 |
Summit Materials, Inc. 6.125% 2023 | 4,725 | 4,824 |
Summit Materials, Inc. 6.50% 20276 | 5,960 | 6,452 |
TPC Group Inc. 10.50% 20246 | 13,211 | 14,070 |
Trivium Packaging BV 5.50% 20266 | 4,402 | 4,628 |
Trivium Packaging BV 8.50% 20276 | 4,545 | 4,840 |
Tronox Ltd. 5.75% 20256 | 2,550 | 2,416 |
Tronox Ltd. 6.50% 20266 | 22,144 | 21,341 |
Venator Materials Corp. 5.75% 20256 | 36,800 | 29,456 |
Warrior Met Coal, Inc. 8.00% 20246 | 10,953 | 11,179 |
Westlake Chemical Corp. 5.00% 2046 | 1,045 | 1,129 |
Westlake Chemical Corp. 4.375% 2047 | 915 | 919 |
Zekelman Industries Inc. 9.875% 20236 | 2,739 | 2,891 |
971,575 | ||
Industrials 0.85% | ||
ABB Finance (USA) Inc. 2.875% 2022 | 1,000 | 1,025 |
ACCO Brands Corp. 5.25% 20246 | 1,665 | 1,732 |
ADT Corp. 3.50% 2022 | 22,550 | 22,687 |
Air Lease Corp. 2.25% 2023 | 7,898 | 7,893 |
Airbus Group SE 2.70% 20236 | 885 | 906 |
Allison Transmission Holdings, Inc. 5.00% 20246 | 21,275 | 21,860 |
American Airlines, Inc., Series 2013-2, Class A, 4.95% 2024 | 4,643 | 4,874 |
ARAMARK Corp. 5.125% 2024 | 8,430 | 8,714 |
ARAMARK Corp. 5.00% 20256 | 7,000 | 7,306 |
ARAMARK Corp. 5.00% 20286 | 1,645 | 1,725 |
Ashtead Group PLC 4.125% 20256 | 12,475 | 12,787 |
Ashtead Group PLC 4.375% 20276 | 5,775 | 5,970 |
Ashtead Group PLC 4.25% 20296 | 3,134 | 3,177 |
Associated Materials, LLC 9.00% 20246 | 51,961 | 45,726 |
Avis Budget Group, Inc. 5.50% 2023 | 7,107 | 7,265 |
Avis Budget Group, Inc. 5.25% 20256 | 5,050 | 5,170 |
Avolon Holdings Funding Ltd. 3.625% 20226 | 3,935 | 4,022 |
Avolon Holdings Funding Ltd. 3.95% 20246 | 12,602 | 13,099 |
Beacon Roofing Supply, Inc. 4.875% 20256 | 12,264 | 12,096 |
Boeing Co. 2.70% 2027 | 4,000 | 4,066 |
Boeing Co. 3.20% 2029 | 10,313 | 10,808 |
Boeing Co. 2.95% 2030 | 1,577 | 1,615 |
Boeing Co. 3.60% 2034 | 9,000 | 9,792 |
Bohai Financial Investment Holding Co., Ltd. 5.25% 20226 | 5,148 | 5,495 |
Brand Energy 8.50% 20256 | 6,355 | 6,196 |
Brookfield WEC Holdings Inc., Term Loan, (3-month USD-LIBOR + 3.50%) 5.286% 20259,10 | 1,290 | 1,283 |
Builders FirstSource, Inc. 5.625% 20246 | 11,343 | 11,825 |
Burlington Northern Santa Fe LLC 3.55% 2050 | 10,000 | 10,615 |
Continental Airlines, Inc., Series 1999-2, Class B, 7.566% 2021 | 1 | 1 |
Continental Airlines, Inc., Series 2007-1, Class B, 6.903% 2022 | 1,502 | 1,588 |
Continental Airlines, Inc., Series 2000-1, Class B, 8.388% 2022 | —7 | —7 |
CSX Corp. 3.80% 2028 | 7,550 | 8,257 |
CSX Corp. 3.35% 2049 | 1,712 | 1,698 |
CSX Corp. 4.50% 2049 | 3,785 | 4,464 |
The Income Fund of America — Page 25 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Industrials (continued) | Principal amount (000) | Value (000) |
Delta Air Lines, Inc., Series 2002-1, Class G-1, MBIA insured, 6.718% 2024 | $3,468 | $3,678 |
Dun & Bradstreet Corp. 6.875% 20266 | 22,095 | 24,201 |
Dun & Bradstreet Corp. 10.25% 20276 | 11,725 | 12,898 |
Dun & Bradstreet Corp., Term Loan B, (3-month USD-LIBOR + 5.00%) 6.804% 20269,10 | 8,470 | 8,503 |
ERAC USA Finance Co. 5.25% 20206 | 5,000 | 5,152 |
Euramax International, Inc. 12.00% 20206 | 26,149 | 25,724 |
F-Brasile SpA 7.375% 20266 | 3,844 | 4,036 |
Fortive Corp. 2.35% 2021 | 2,825 | 2,834 |
FXI Holdings, Inc. 12.25% 20266 | 13,780 | 13,883 |
GE Capital International Funding Co. 4.418% 2035 | 1,700 | 1,794 |
General Dynamics Corp. 3.50% 2025 | 7,110 | 7,656 |
General Dynamics Corp. 3.75% 2028 | 8,290 | 9,252 |
General Electric Capital Corp. 3.373% 2025 | 3,500 | 3,608 |
General Electric Co. 2.70% 2022 | 8,250 | 8,309 |
General Electric Co. 4.125% 2042 | 909 | 931 |
General Electric Co., junior subordinated, 5.00% (3-month USD-LIBOR + 3.33% on 1/21/2021)8 | 95,170 | 91,932 |
Hardwoods Acquisition Inc. 7.50% 20216 | 13,649 | 6,483 |
Harris Corp. 2.70% 2020 | 1,315 | 1,317 |
Harris Corp. 3.832% 2025 | 740 | 795 |
Harsco Corp. 5.75% 20276 | 9,830 | 10,236 |
Hertz Global Holdings Inc. 7.625% 20226 | 44,110 | 45,874 |
Honeywell International Inc. 2.30% 2024 | 7,967 | 8,124 |
Honeywell International Inc. 2.70% 2029 | 6,613 | 6,851 |
Icahn Enterprises Finance Corp. 4.75% 20246 | 3,915 | 3,974 |
IHS Markit Ltd. 3.625% 2024 | 5,200 | 5,443 |
IHS Markit Ltd. 4.25% 2029 | 7,000 | 7,602 |
JELD-WEN Holding, Inc. 4.625% 20256 | 6,465 | 6,416 |
JELD-WEN Holding, Inc. 4.875% 20276 | 7,325 | 7,197 |
KAR Auction Services, Inc. 5.125% 20256 | 8,370 | 8,778 |
Kratos Defense & Security Solutions, Inc. 6.50% 20256 | 1,540 | 1,636 |
LABL Escrow Issuer, LLC 6.75% 20266 | 2,125 | 2,205 |
LABL Escrow Issuer, LLC 10.50% 20276 | 5,105 | 5,131 |
Lockheed Martin Corp. 2.50% 2020 | 3,250 | 3,268 |
Lockheed Martin Corp. 3.10% 2023 | 695 | 721 |
Lockheed Martin Corp. 4.50% 2036 | 560 | 669 |
Lockheed Martin Corp. 4.70% 2046 | 4,560 | 5,768 |
LSC Communications, Inc. 8.75% 20236 | 22,250 | 15,241 |
LSC Communications, Inc., Term Loan B, (3-month USD-LIBOR + 5.50%) 7.286% 20229,10 | 4,303 | 3,556 |
Mexican Government 5.50% 2046 | 2,303 | 2,326 |
Mexican Government 5.50% 2047 | 4,482 | 4,501 |
Mexican Government 5.50% 20476 | 215 | 216 |
Norfolk Southern Corp. 2.55% 2029 | 3,687 | 3,707 |
Northrop Grumman Corp. 2.55% 2022 | 2,345 | 2,384 |
Northrop Grumman Corp. 2.93% 2025 | 9,570 | 9,912 |
Northrop Grumman Corp. 3.25% 2028 | 15,195 | 15,925 |
Parker-Hannifin Corp. 2.70% 2024 | 2,060 | 2,102 |
Parker-Hannifin Corp. 3.25% 2029 | 3,955 | 4,158 |
Parker-Hannifin Corp. 4.00% 2049 | 400 | 435 |
Pisces Parent LLC 8.00% 20266 | 38,834 | 38,334 |
Pisces Parent LLC, Term Loan B, (3-month USD-LIBOR + 3.75%) 5.671% 20259,10 | 4,478 | 4,342 |
R.R. Donnelley & Sons Co. 7.875% 2021 | 2,014 | 2,095 |
R.R. Donnelley & Sons Co. 6.50% 2023 | 14,780 | 15,266 |
Rexnord Corp. 4.875% 20256 | 19,490 | 20,196 |
Rockwell Collins, Inc. 2.80% 2022 | 3,645 | 3,715 |
The Income Fund of America — Page 26 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Industrials (continued) | Principal amount (000) | Value (000) |
Rockwell Collins, Inc. 3.20% 2024 | $6,370 | $6,653 |
Roper Technologies, Inc. 2.80% 2021 | 1,725 | 1,753 |
Sensata Technologies Holding BV 4.875% 20236 | 7,360 | 7,802 |
Siemens AG 2.70% 20226 | 1,780 | 1,813 |
Siemens AG 2.35% 20266 | 3,960 | 3,966 |
Thomson Reuters Corp. 4.30% 2023 | 1,905 | 2,051 |
Thomson Reuters Corp. 5.65% 2043 | 1,425 | 1,711 |
TransDigm Inc. 6.00% 2022 | 2,578 | 2,625 |
Uber Technologies, Inc. 7.50% 20236 | 2,000 | 2,040 |
Uber Technologies, Inc. 8.00% 20266 | 3,250 | 3,267 |
Union Pacific Corp. 3.75% 2025 | 4,720 | 5,116 |
Union Pacific Corp. 3.70% 2029 | 3,245 | 3,548 |
United Air Lines, Inc., Series 2007-1, Class A, 6.636% 2024 | 4,128 | 4,388 |
United Rentals, Inc. 4.625% 2025 | 15,490 | 15,877 |
United Rentals, Inc. 5.25% 2030 | 12,025 | 12,686 |
United Technologies Corp. 3.65% 2023 | 16,760 | 17,741 |
United Technologies Corp. 3.95% 2025 | 14,140 | 15,491 |
United Technologies Corp. 3.125% 2027 | 1,250 | 1,317 |
United Technologies Corp. 4.125% 2028 | 6,315 | 7,174 |
United Technologies Corp. 4.625% 2048 | 1,450 | 1,822 |
Vinci SA 3.75% 20296 | 6,844 | 7,555 |
Virgin Australia Holdings Ltd. 8.50% 20196 | 41,650 | 41,675 |
Virgin Australia Holdings Ltd. 7.875% 20216 | 1,750 | 1,802 |
Westinghouse Air Brake Technologies Corp. 4.40% 20248 | 7,569 | 8,083 |
954,983 | ||
Consumer staples 0.64% | ||
Altria Group, Inc. 3.80% 2024 | 1,945 | 2,039 |
Altria Group, Inc. 4.40% 2026 | 9,449 | 10,199 |
Altria Group, Inc. 4.80% 2029 | 20,517 | 22,566 |
Altria Group, Inc. 9.95% 2038 | 23,500 | 37,631 |
Altria Group, Inc. 5.80% 2039 | 21,295 | 24,533 |
Altria Group, Inc. 4.50% 2043 | 4,000 | 4,035 |
Altria Group, Inc. 5.95% 2049 | 3,178 | 3,741 |
Anheuser-Busch Co./InBev Worldwide 4.90% 2046 | 3,930 | 4,699 |
Anheuser-Busch InBev NV 4.15% 2025 | 6,000 | 6,565 |
Anheuser-Busch InBev NV 4.00% 2028 | 10,525 | 11,628 |
Anheuser-Busch InBev NV 4.75% 2029 | 5,756 | 6,693 |
Anheuser-Busch InBev NV 4.90% 2031 | 3,000 | 3,586 |
Anheuser-Busch InBev NV 5.45% 2039 | 6,000 | 7,563 |
Anheuser-Busch InBev NV 4.95% 2042 | 9,095 | 10,792 |
Anheuser-Busch InBev NV 4.60% 2048 | 1,915 | 2,201 |
Anheuser-Busch InBev NV 5.55% 2049 | 19,154 | 24,999 |
B&G Foods, Inc. 5.25% 2025 | 15,615 | 16,005 |
B&G Foods, Inc. 5.25% 2027 | 13,375 | 13,358 |
British American Tobacco International Finance PLC 3.95% 20256 | 10,914 | 11,420 |
British American Tobacco PLC 2.764% 2022 | 3,195 | 3,227 |
British American Tobacco PLC 3.222% 2024 | 43,138 | 43,852 |
British American Tobacco PLC 3.215% 2026 | 15,308 | 15,269 |
British American Tobacco PLC 3.557% 2027 | 32,989 | 33,273 |
British American Tobacco PLC 3.462% 2029 | 3,990 | 3,924 |
British American Tobacco PLC 4.39% 2037 | 9,000 | 8,835 |
British American Tobacco PLC 4.54% 2047 | 10,440 | 10,107 |
British American Tobacco PLC 4.758% 2049 | 16,150 | 15,968 |
The Income Fund of America — Page 27 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Consumer staples (continued) | Principal amount (000) | Value (000) |
Conagra Brands, Inc. 3.80% 2021 | $1,261 | $1,302 |
Conagra Brands, Inc. 4.30% 2024 | 10,611 | 11,393 |
Conagra Brands, Inc. 4.60% 2025 | 1,330 | 1,477 |
Conagra Brands, Inc. 5.30% 2038 | 3,094 | 3,633 |
Conagra Brands, Inc. 5.40% 2048 | 10,535 | 12,500 |
Constellation Brands, Inc. 2.65% 2022 | 14,345 | 14,571 |
Constellation Brands, Inc. 2.70% 2022 | 1,410 | 1,428 |
Constellation Brands, Inc. 3.20% 2023 | 14,130 | 14,585 |
Constellation Brands, Inc. 4.25% 2023 | 5,802 | 6,217 |
Constellation Brands, Inc. 3.60% 2028 | 1,850 | 1,957 |
Constellation Brands, Inc. 4.10% 2048 | 4,825 | 5,117 |
Costco Wholesale Corp. 2.30% 2022 | 3,500 | 3,553 |
Costco Wholesale Corp. 2.75% 2024 | 2,000 | 2,078 |
Cott Beverages Inc. 5.50% 20256 | 6,390 | 6,686 |
Darling Ingredients Inc. 5.25% 20276 | 6,370 | 6,712 |
Energizer Holdings, Inc. 6.375% 20266 | 7,940 | 8,486 |
Energizer Holdings, Inc. 7.75% 20276 | 1,810 | 2,009 |
Energizer SpinCo Inc. 5.50% 20256 | 6,065 | 6,308 |
First Quality Enterprises, Inc. 5.00% 20256 | 9,875 | 10,247 |
Imperial Tobacco Finance PLC 3.50% 20236 | 10,000 | 10,249 |
Keurig Dr Pepper Inc. 4.057% 2023 | 20,795 | 22,072 |
Keurig Dr Pepper Inc. 4.417% 2025 | 9,913 | 10,889 |
Keurig Dr Pepper Inc. 4.597% 2028 | 4,395 | 4,989 |
Keurig Dr Pepper Inc. 4.985% 2038 | 8,185 | 9,661 |
Keurig Dr Pepper Inc. 5.085% 2048 | 5,143 | 6,187 |
Lamb Weston Holdings, Inc. 4.625% 20246 | 1,585 | 1,674 |
Molson Coors Brewing Co. 2.10% 2021 | 5,210 | 5,215 |
Molson Coors Brewing Co. 3.00% 2026 | 2,770 | 2,805 |
Molson Coors Brewing Co. 4.20% 2046 | 4,200 | 4,155 |
Nestle Skin Health SA, Term Loan B1, (3-month USD-LIBOR + 4.25%) 6.349% 20269,10 | 16,789 | 16,822 |
Performance Food Group, Inc. 5.50% 20276 | 8,454 | 8,982 |
Pernod Ricard SA 4.45% 20226 | 3,125 | 3,284 |
Philip Morris International Inc. 2.375% 2022 | 5,035 | 5,086 |
Philip Morris International Inc. 2.50% 2022 | 4,975 | 5,036 |
Philip Morris International Inc. 2.625% 2022 | 8,405 | 8,514 |
Philip Morris International Inc. 2.875% 2024 | 6,121 | 6,304 |
Post Holdings, Inc. 5.00% 20266 | 9,608 | 10,029 |
Post Holdings, Inc. 5.625% 20286 | 9,680 | 10,394 |
Post Holdings, Inc. 5.50% 20296 | 9,040 | 9,553 |
Prestige Brands International Inc. 5.375% 20216 | 4,257 | 4,273 |
Reckitt Benckiser Treasury Services PLC 2.75% 20246 | 1,350 | 1,378 |
Reynolds American Inc. 3.25% 2022 | 5,647 | 5,761 |
Reynolds American Inc. 4.45% 2025 | 9,133 | 9,810 |
Reynolds American Inc. 5.70% 2035 | 3,130 | 3,540 |
Reynolds American Inc. 5.85% 2045 | 16,200 | 18,026 |
Wal-Mart Stores, Inc. 3.125% 2021 | 8,500 | 8,694 |
Wal-Mart Stores, Inc. 2.35% 2022 | 4,000 | 4,070 |
Wal-Mart Stores, Inc. 3.40% 2023 | 3,170 | 3,348 |
Wal-Mart Stores, Inc. 3.05% 2026 | 2,225 | 2,368 |
Wal-Mart Stores, Inc. 3.70% 2028 | 6,204 | 6,899 |
Wal-Mart Stores, Inc. 3.25% 2029 | 628 | 680 |
WM. Wrigley Jr. Co. 3.375% 20206 | 5,500 | 5,574 |
715,288 |
The Income Fund of America — Page 28 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Information technology 0.51% | Principal amount (000) | Value (000) |
Almonde Inc., Term Loan B, (3-month USD-LIBOR + 3.50%) 5.696% 20249,10 | $992 | $950 |
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.446% 20259,10 | 32,150 | 30,173 |
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 9.104% 20259,10 | 3,985 | 4,047 |
Banff Merger Sub Inc. 9.75% 20266 | 5,560 | 5,206 |
Blackboard Inc., Term Loan B4, (3-month USD-LIBOR + 5.00%) 6.878% 20219,10 | 2,396 | 2,390 |
Broadcom Inc. 3.625% 20246 | 13,000 | 13,369 |
Broadcom Inc. 4.25% 20266 | 49,000 | 51,225 |
Broadcom Inc. 4.75% 20296 | 38,084 | 40,379 |
Broadcom Ltd. 3.00% 2022 | 12,750 | 12,923 |
Broadcom Ltd. 3.625% 2024 | 41,238 | 42,516 |
Broadcom Ltd. 3.875% 2027 | 37,645 | 38,066 |
Broadcom Ltd. 3.50% 2028 | 6,889 | 6,746 |
Colorado Buyer Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.20% 20259,10 | 525 | 352 |
Dell Inc. 2.65% 2020 | 1,300 | 1,302 |
Diebold Nixdorf AG, Term Loan A1, (3-month USD-LIBOR + 9.25%) 11.063% 20229,10 | 12,156 | 12,572 |
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 4.75% 20239,10 | 5,877 | 5,465 |
Diebold, Inc. 8.50% 2024 | 13,355 | 11,569 |
Diebold, Inc., Term Loan A, (3-month USD-LIBOR + 4.75%) 6.75% 20229,10 | 316 | 310 |
Ellucian, Inc. 9.00% 20236 | 775 | 800 |
Fidelity National Information Services, Inc. 3.75% 2029 | 2,050 | 2,234 |
Financial & Risk US Holdings, Inc. 6.25% 20266 | 13,395 | 14,584 |
Financial & Risk US Holdings, Inc. 8.25% 20266 | 19,525 | 21,966 |
Fiserv, Inc. 3.20% 2026 | 6,331 | 6,625 |
Fiserv, Inc. 3.50% 2029 | 11,125 | 11,751 |
Fiserv, Inc. 4.40% 2049 | 3,900 | 4,382 |
Genesys Telecommunications Laboratories, Inc. 10.00% 20246 | 14,440 | 15,631 |
Global Payments Inc. 3.20% 2029 | 4,130 | 4,229 |
Global Payments Inc. 4.15% 2049 | 1,121 | 1,175 |
Go Daddy Operating Co. 5.25% 20276 | 5,810 | 6,180 |
Infor (US), Inc. 6.50% 2022 | 9,770 | 9,941 |
Internet Brands, Inc., Term Loan, (3-month USD-LIBOR + 3.75%) 5.536% 20249,10 | 1,595 | 1,558 |
Internet Brands, Inc., Term Loan, (3-month USD-LIBOR + 7.50%) 9.286% 20259,10 | 2,685 | 2,635 |
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 3.00%) 5.253% 20239,10 | 1,606 | 1,604 |
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.503% 20249,10 | 27,510 | 27,819 |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 5.555% 20249,10 | 12,249 | 12,258 |
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 8.50%) 10.305% 20259,10 | 153 | 154 |
Microsoft Corp. 1.55% 2021 | 2,000 | 1,996 |
Microsoft Corp. 2.65% 2022 | 6,000 | 6,164 |
Microsoft Corp. 2.875% 2024 | 14,865 | 15,509 |
Microsoft Corp. 3.30% 2027 | 8,000 | 8,667 |
Microsoft Corp. 4.20% 2035 | 6,000 | 7,141 |
Microsoft Corp. 3.70% 2046 | 2,500 | 2,850 |
Microsoft Corp. 4.25% 2047 | 1,750 | 2,169 |
Moneygram International Inc., Term Loan B, (3-month USD-LIBOR + 6.00%) 7.786% 20233,9,10 | 4,798 | 4,318 |
PayPal Holdings, Inc. 2.65% 2026 | 5,910 | 5,991 |
PayPal Holdings, Inc. 2.85% 2029 | 4,045 | 4,066 |
Solera Holdings, Inc. 10.50% 20246 | 3,350 | 3,522 |
Tempo Acquisition LLC 6.75% 20256 | 6,075 | 6,280 |
Unisys Corp. 10.75% 20226 | 21,490 | 23,384 |
VeriSign, Inc. 4.75% 2027 | 9,025 | 9,566 |
Veritas Holdings Ltd. 7.50% 20236 | 12,620 | 12,462 |
Veritas Holdings Ltd. 10.50% 20246 | 10,709 | 10,173 |
Veritas US Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.286% 20239,10 | 9,074 | 8,442 |
Vertafore Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.036% 20269,10 | 2,025 | 1,949 |
The Income Fund of America — Page 29 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Information technology (continued) | Principal amount (000) | Value (000) |
Visa Inc. 3.15% 2025 | $8,000 | $8,560 |
VMware, Inc. 2.95% 2022 | 2,500 | 2,542 |
570,837 | ||
Real estate 0.36% | ||
Alexandria Real Estate Equities, Inc. 3.90% 2023 | 1,600 | 1,691 |
Alexandria Real Estate Equities, Inc. 3.80% 2026 | 985 | 1,059 |
Alexandria Real Estate Equities, Inc. 4.30% 2026 | 2,200 | 2,417 |
Alexandria Real Estate Equities, Inc. 3.95% 2028 | 1,695 | 1,837 |
Alexandria Real Estate Equities, Inc. 2.75% 2029 | 5,676 | 5,645 |
Alexandria Real Estate Equities, Inc. 4.50% 2029 | 1,355 | 1,549 |
Alexandria Real Estate Equities, Inc. 3.375% 2031 | 2,610 | 2,747 |
American Campus Communities, Inc. 3.35% 2020 | 3,380 | 3,417 |
American Campus Communities, Inc. 3.75% 2023 | 3,985 | 4,162 |
American Campus Communities, Inc. 4.125% 2024 | 28,615 | 30,763 |
American Campus Communities, Inc. 3.30% 2026 | 1,500 | 1,551 |
American Campus Communities, Inc. 3.625% 2027 | 765 | 806 |
American Tower Corp. 3.55% 2027 | 2,525 | 2,666 |
Bank of Montreal 4.338% 2028 (USD Semi Annual 30/360 (vs. 3-month USD-LIBOR) 5-year + 1.28% on 10/5/2023)8 | 8,913 | 9,423 |
Brandywine Operating Partnership, LP 3.95% 2023 | 1,639 | 1,711 |
Brookfield Property REIT Inc. 5.75% 20266 | 30,770 | 32,193 |
Corporate Office Properties LP 5.25% 2024 | 9,150 | 9,877 |
EPR Properties 4.75% 2026 | 3,495 | 3,811 |
EPR Properties 3.75% 2029 | 2,400 | 2,441 |
Equinix, Inc. 5.375% 2027 | 10,880 | 11,832 |
Essex Portfolio LP 3.625% 2022 | 9,550 | 9,897 |
Essex Portfolio LP 3.25% 2023 | 4,400 | 4,530 |
Essex Portfolio LP 3.875% 2024 | 5,900 | 6,275 |
Essex Portfolio LP 4.00% 2029 | 1,230 | 1,352 |
Gaming and Leisure Properties, Inc. 3.35% 2024 | 3,164 | 3,216 |
Gaming and Leisure Properties, Inc. 4.00% 2030 | 1,653 | 1,680 |
Hospitality Properties Trust 4.25% 2021 | 20,500 | 20,823 |
Hospitality Properties Trust 4.50% 2023 | 7,835 | 8,110 |
Hospitality Properties Trust 4.50% 2025 | 1,960 | 2,000 |
Hospitality Properties Trust 3.95% 2028 | 1,990 | 1,921 |
Host Hotels & Resorts LP 4.50% 2026 | 2,700 | 2,938 |
Howard Hughes Corp. 5.375% 20256 | 19,641 | 20,500 |
Iron Mountain Inc. 5.75% 20242 | 5,925 | 5,992 |
Iron Mountain Inc. 4.875% 20272,6 | 1,875 | 1,941 |
Iron Mountain Inc. 5.25% 20282,6 | 17,845 | 18,826 |
Kimco Realty Corp. 4.125% 2046 | 2,135 | 2,261 |
Medical Properties Trust, Inc. 5.00% 2027 | 10,750 | 11,368 |
Prologis, Inc. 4.25% 2023 | 25,000 | 26,997 |
Realogy Corp. 5.25% 20216 | 13,287 | 13,353 |
Realogy Corp. 4.875% 20236 | 24,570 | 24,020 |
Realogy Corp. 9.375% 20276 | 14,740 | 14,556 |
SBA Communications Corp. 4.00% 2022 | 19,665 | 20,160 |
Scentre Group 2.375% 20216 | 4,575 | 4,592 |
Scentre Group 3.25% 20256 | 4,365 | 4,501 |
Scentre Group 3.50% 20256 | 5,455 | 5,681 |
Scentre Group 3.75% 20276 | 3,000 | 3,179 |
Select Income REIT 3.60% 2020 | 5,775 | 5,784 |
Select Income REIT 4.15% 2022 | 1,035 | 1,059 |
The Income Fund of America — Page 30 of 46
unaudited
Bonds, notes & other debt instruments (continued) Corporate bonds & notes (continued) Real estate (continued) | Principal amount (000) | Value (000) |
WEA Finance LLC 3.25% 20206 | $8,638 | $8,730 |
Westfield Corp. Ltd. 3.15% 20226 | 6,020 | 6,145 |
Westfield Corp. Ltd. 3.50% 20296 | 4,200 | 4,356 |
398,341 | ||
Total corporate bonds & notes | 13,025,992 | |
U.S. Treasury bonds & notes 10.16% U.S. Treasury 9.73% | ||
U.S. Treasury 1.25% 2020 | 100,000 | 99,939 |
U.S. Treasury 1.375% 2020 | 55,000 | 54,875 |
U.S. Treasury 1.375% 2020 | 23,000 | 22,981 |
U.S. Treasury 1.50% 2020 | 22,000 | 21,988 |
U.S. Treasury 1.625% 2020 | 20,000 | 20,004 |
U.S. Treasury 2.50% 2020 | 25,000 | 25,146 |
U.S. Treasury 2.625% 202013 | 1,595,000 | 1,607,186 |
U.S. Treasury 2.625% 2020 | 57,585 | 58,077 |
U.S. Treasury 2.75% 2020 | 6,500 | 6,568 |
U.S. Treasury 1.375% 2021 | 129,000 | 128,698 |
U.S. Treasury 1.625% 2021 | 1,750,000 | 1,751,750 |
U.S. Treasury 2.00% 2021 | 65,000 | 65,583 |
U.S. Treasury 2.125% 2021 | 40,000 | 40,343 |
U.S. Treasury 2.125% 2021 | 33,000 | 33,324 |
U.S. Treasury 2.25% 2021 | 500,000 | 504,645 |
U.S. Treasury 2.25% 2021 | 205,000 | 207,029 |
U.S. Treasury 2.25% 2021 | 1,000 | 1,009 |
U.S. Treasury 2.375% 2021 | 17,000 | 17,194 |
U.S. Treasury 2.50% 2021 | 250,000 | 253,000 |
U.S. Treasury 2.50% 2021 | 120,000 | 121,362 |
U.S. Treasury 2.625% 2021 | 1,682,750 | 1,712,535 |
U.S. Treasury 2.625% 2021 | 600,000 | 613,914 |
U.S. Treasury 2.625% 2021 | 1,000 | 1,016 |
U.S. Treasury 2.75% 2021 | 20,000 | 20,442 |
U.S. Treasury 1.50% 2022 | 122,000 | 122,004 |
U.S. Treasury 1.875% 2022 | 27,000 | 27,263 |
U.S. Treasury 2.125% 2022 | 951,000 | 965,313 |
U.S. Treasury 2.125% 2022 | 28,000 | 28,533 |
U.S. Treasury 1.625% 2023 | 21,000 | 21,082 |
U.S. Treasury 1.75% 2023 | 4,900 | 4,940 |
U.S. Treasury 2.375% 2023 | 25,000 | 25,680 |
U.S. Treasury 2.50% 2023 | 13,056 | 13,485 |
U.S. Treasury 2.75% 2023 | 123,800 | 129,313 |
U.S. Treasury 2.75% 2023 | 42,500 | 44,285 |
U.S. Treasury 6.25% 2023 | 14,000 | 16,435 |
U.S. Treasury 1.25% 2024 | 77,000 | 76,058 |
U.S. Treasury 1.50% 2024 | 202,179 | 201,934 |
U.S. Treasury 1.50% 2024 | 13,527 | 13,519 |
U.S. Treasury 1.75% 2024 | 20,000 | 20,201 |
U.S. Treasury 2.00% 2024 | 40,000 | 40,833 |
U.S. Treasury 2.00% 2024 | 7,500 | 7,660 |
U.S. Treasury 2.125% 2024 | 10,000 | 10,255 |
U.S. Treasury 2.00% 2025 | 184,000 | 188,313 |
U.S. Treasury 2.00% 2025 | 35,000 | 35,800 |
U.S. Treasury 2.25% 2025 | 22,000 | 22,842 |
The Income Fund of America — Page 31 of 46
unaudited
Bonds, notes & other debt instruments (continued) U.S. Treasury bonds & notes (continued) U.S. Treasury (continued) | Principal amount (000) | Value (000) |
U.S. Treasury 2.50% 2025 | $500 | $524 |
U.S. Treasury 2.625% 2025 | 70,000 | 73,864 |
U.S. Treasury 2.75% 2025 | 40,000 | 42,444 |
U.S. Treasury 2.75% 2025 | 9,000 | 9,573 |
U.S. Treasury 2.875% 2025 | 40,000 | 42,788 |
U.S. Treasury 2.875% 2025 | 30,000 | 32,137 |
U.S. Treasury 2.875% 2025 | 20,000 | 21,378 |
U.S. Treasury 1.625% 2026 | 30,000 | 30,058 |
U.S. Treasury 1.875% 2026 | 102,020 | 103,789 |
U.S. Treasury 2.125% 2026 | 13,000 | 13,425 |
U.S. Treasury 2.25% 2026 | 5,250 | 5,460 |
U.S. Treasury 2.50% 2026 | 40,000 | 42,178 |
U.S. Treasury 2.25% 2027 | 100 | 105 |
U.S. Treasury 2.375% 2027 | 750 | 791 |
U.S. Treasury 2.75% 2028 | 100 | 109 |
U.S. Treasury 2.875% 2028 | 28,000 | 30,731 |
U.S. Treasury 2.875% 2028 | 5,000 | 5,496 |
U.S. Treasury 5.50% 2028 | 1,000 | 1,314 |
U.S. Treasury 1.625% 2029 | 198,793 | 197,775 |
U.S. Treasury 2.625% 2029 | 19,000 | 20,558 |
U.S. Treasury 4.50% 2036 | 100 | 137 |
U.S. Treasury 4.50% 2038 | 100 | 140 |
U.S. Treasury 3.125% 2043 | 100 | 118 |
U.S. Treasury 3.75% 2043 | 1,500 | 1,951 |
U.S. Treasury 2.875% 204513 | 71,575 | 81,608 |
U.S. Treasury 3.00% 2045 | 15,053 | 17,565 |
U.S. Treasury 2.25% 2046 | 120 | 122 |
U.S. Treasury 2.875% 204613 | 57,970 | 66,350 |
U.S. Treasury 2.75% 2047 | 10,000 | 11,205 |
U.S. Treasury 3.00% 2047 | 617 | 723 |
U.S. Treasury 3.00% 2048 | 180 | 211 |
U.S. Treasury 3.125% 2048 | 17,250 | 20,742 |
U.S. Treasury 2.25% 2049 | 9,100 | 9,252 |
U.S. Treasury 2.875% 204913 | 353,832 | 408,018 |
U.S. Treasury 3.00% 204913 | 205,803 | 242,802 |
10,939,797 | ||
U.S. Treasury inflation-protected securities 0.43% | ||
U.S. Treasury Inflation-Protected Security 0.625% 202414 | 65,973 | 67,082 |
U.S. Treasury Inflation-Protected Security 0.50% 202814 | 88,409 | 90,614 |
U.S. Treasury Inflation-Protected Security 0.25% 202914 | 12,588 | 12,717 |
U.S. Treasury Inflation-Protected Security 1.375% 204414 | 30,630 | 36,501 |
U.S. Treasury Inflation-Protected Security 0.875% 204714 | 8,503 | 9,173 |
U.S. Treasury Inflation-Protected Security 1.00% 204914 | 240,361 | 269,393 |
485,480 | ||
Total U.S. Treasury bonds & notes | 11,425,277 | |
Mortgage-backed obligations 3.28% | ||
Arroyo Mortgage Trust, Series 2018-1, Class A1, 3.763% 20486,10,15 | 11,335 | 11,634 |
Bellemeade Re Ltd., Series 2019-3A, Class M1B, (1-month USD-LIBOR + 1.60%) 3.423% 20296,10,15 | 10,160 | 10,183 |
Bunker Hill Loan Depositary Trust, Series 2019-1, Class A1, 3.613% 20486,10,15 | 2,059 | 2,092 |
Bunker Hill Loan Depositary Trust, Series 2019-1, Class A3, 3.919% 20486,10,15 | 3,068 | 3,100 |
Cascade Funding Mortgage Trust, Series 2018-RM2, Class A, 4.00% 20686,10,15 | 2,627 | 2,710 |
The Income Fund of America — Page 32 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Countrywide Alternative Loan Trust, Series 2005-54CB, Class 2A5, 5.50% 203515 | $2,754 | $2,397 |
Countrywide Alternative Loan Trust, Series 2007-HY4, Class 3A1, 3.934% 204710,15 | 1,833 | 1,670 |
CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 203415 | 599 | 629 |
Fannie Mae 7.00% 204715 | 276 | 311 |
Fannie Mae 7.00% 204715 | 141 | 158 |
Fannie Mae 7.00% 204715 | 83 | 93 |
Fannie Mae 7.00% 204715 | 19 | 21 |
Fannie Mae Pool #MA0235 4.00% 201915 | 1 | 1 |
Fannie Mae Pool #AE4094 3.50% 202015 | 1 | 1 |
Fannie Mae Pool #885290 6.00% 202115 | 21 | 22 |
Fannie Mae Pool #932119 4.50% 202415 | 593 | 617 |
Fannie Mae Pool #995265 5.50% 202415 | 42 | 44 |
Fannie Mae Pool #AE9743 3.50% 202515 | 842 | 872 |
Fannie Mae Pool #MA2200 3.50% 202515 | 54 | 56 |
Fannie Mae Pool #AD8191 4.00% 202515 | 256 | 266 |
Fannie Mae Pool #AB1066 4.00% 202515 | 4 | 5 |
Fannie Mae Pool #AD6392 4.50% 202515 | 518 | 544 |
Fannie Mae Pool #AD6119 4.50% 202515 | 289 | 299 |
Fannie Mae Pool #AD3149 4.50% 202515 | 282 | 295 |
Fannie Mae Pool #AD5692 4.50% 202515 | 269 | 283 |
Fannie Mae Pool #AI6180 4.00% 202615 | 137 | 143 |
Fannie Mae Pool #AH6941 4.00% 202615 | 5 | 6 |
Fannie Mae Pool #888204 6.00% 202615 | 512 | 566 |
Fannie Mae Pool #AL6615 3.50% 202715 | 598 | 620 |
Fannie Mae Pool #BM4533 4.00% 202715 | 2,212 | 2,307 |
Fannie Mae Pool #AL8347 4.00% 202915 | 673 | 702 |
Fannie Mae Pool #890805 4.00% 203115 | 818 | 853 |
Fannie Mae Pool #MA3541 4.00% 203315 | 759 | 791 |
Fannie Mae Pool #BM5494 4.00% 203315 | 304 | 317 |
Fannie Mae Pool #BJ6249 4.00% 203315 | 244 | 260 |
Fannie Mae Pool #254767 5.50% 203315 | 213 | 238 |
Fannie Mae Pool #MA3764 2.50% 203415 | 4,087 | 4,133 |
Fannie Mae Pool #MA3827 2.50% 203415 | 3,722 | 3,763 |
Fannie Mae Pool #MA3695 3.00% 203415 | 217,014 | 222,358 |
Fannie Mae Pool #MA3611 4.00% 203415 | 349 | 365 |
Fannie Mae Pool #BN1085 4.00% 203415 | 36 | 37 |
Fannie Mae Pool #735228 5.50% 203515 | 189 | 213 |
Fannie Mae Pool #AS8554 3.00% 203615 | 34,721 | 35,718 |
Fannie Mae Pool #AS8355 3.00% 203615 | 17,227 | 17,722 |
Fannie Mae Pool #BE4703 3.00% 203615 | 945 | 972 |
Fannie Mae Pool #888795 5.50% 203615 | 1,168 | 1,317 |
Fannie Mae Pool #256308 6.00% 203615 | 352 | 405 |
Fannie Mae Pool #878099 6.00% 203615 | 285 | 327 |
Fannie Mae Pool #880426 6.00% 203615 | 65 | 72 |
Fannie Mae Pool #AS8628 3.00% 203715 | 17,100 | 17,592 |
Fannie Mae Pool #AS8773 3.00% 203715 | 10,404 | 10,703 |
Fannie Mae Pool #MA2897 3.00% 203715 | 10,301 | 10,597 |
Fannie Mae Pool #888637 6.00% 203715 | 1,968 | 2,265 |
Fannie Mae Pool #950991 6.00% 203715 | 719 | 826 |
Fannie Mae Pool #936999 6.00% 203715 | 525 | 587 |
Fannie Mae Pool #941315 6.50% 203715 | 212 | 240 |
Fannie Mae Pool #945832 6.50% 203715 | 98 | 114 |
Fannie Mae Pool #995674 6.00% 203815 | 1,133 | 1,307 |
Fannie Mae Pool #929964 6.00% 203815 | 651 | 749 |
Fannie Mae Pool #MA3697 3.00% 203915 | 126,307 | 129,175 |
The Income Fund of America — Page 33 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Fannie Mae Pool #AE0967 3.50% 203915 | $177 | $183 |
Fannie Mae Pool #932274 4.50% 203915 | 11,803 | 12,790 |
Fannie Mae Pool #AC0479 6.00% 203915 | 414 | 470 |
Fannie Mae Pool #AE0443 6.50% 203915 | 227 | 260 |
Fannie Mae Pool #AE4483 4.00% 204015 | 3,299 | 3,530 |
Fannie Mae Pool #AE8073 4.00% 204015 | 241 | 258 |
Fannie Mae Pool #AE9377 4.50% 204015 | 25 | 27 |
Fannie Mae Pool #AH0861 4.50% 204015 | 8 | 9 |
Fannie Mae Pool #AD4927 5.00% 204015 | 3,226 | 3,566 |
Fannie Mae Pool #AE0828 3.50% 204115 | 100 | 105 |
Fannie Mae Pool #AB4050 4.00% 204115 | 398 | 426 |
Fannie Mae Pool #AJ4189 4.00% 204115 | 254 | 272 |
Fannie Mae Pool #AJ4154 4.00% 204115 | 233 | 249 |
Fannie Mae Pool #AJ0257 4.00% 204115 | 99 | 106 |
Fannie Mae Pool #AB2470 4.50% 204115 | 89 | 95 |
Fannie Mae Pool #AI8482 5.00% 204115 | 224 | 248 |
Fannie Mae Pool #AI5571 5.00% 204115 | 191 | 210 |
Fannie Mae Pool #AI3422 5.00% 204115 | 161 | 177 |
Fannie Mae Pool #AI4836 5.00% 204115 | 148 | 164 |
Fannie Mae Pool #AB5377 3.50% 204215 | 26,823 | 28,256 |
Fannie Mae Pool #AO9140 3.50% 204215 | 9,918 | 10,410 |
Fannie Mae Pool #AL2745 4.00% 204215 | 1,968 | 2,110 |
Fannie Mae Pool #890407 4.00% 204215 | 643 | 688 |
Fannie Mae Pool #AU3742 3.50% 204315 | 18,418 | 19,335 |
Fannie Mae Pool #AU8813 4.00% 204315 | 2,411 | 2,638 |
Fannie Mae Pool #AU9348 4.00% 204315 | 1,727 | 1,883 |
Fannie Mae Pool #AU9350 4.00% 204315 | 1,600 | 1,724 |
Fannie Mae Pool #AX2572 4.00% 204415 | 24,606 | 26,043 |
Fannie Mae Pool #AL8354 3.50% 204515 | 11,180 | 11,805 |
Fannie Mae Pool #AS5722 3.50% 204515 | 9,972 | 10,399 |
Fannie Mae Pool #BC4764 3.00% 204615 | 58,503 | 60,090 |
Fannie Mae Pool #BC0157 3.50% 204615 | 47,021 | 49,538 |
Fannie Mae Pool #AL8522 3.50% 204615 | 22,046 | 23,277 |
Fannie Mae Pool #BD7522 3.50% 204615 | 21,909 | 22,802 |
Fannie Mae Pool #AS7388 3.50% 204615 | 20,996 | 21,862 |
Fannie Mae Pool #BC6009 3.50% 204615 | 17,805 | 18,426 |
Fannie Mae Pool #CA1761 3.50% 204615 | 8,973 | 9,356 |
Fannie Mae Pool #BD8705 3.50% 204615 | 5,794 | 6,026 |
Fannie Mae Pool #BF0302 3.00% 204715 | 21,284 | 21,524 |
Fannie Mae Pool #MA3147 3.00% 204715 | 22 | 22 |
Fannie Mae Pool #BE7961 3.50% 204715 | 11,866 | 12,339 |
Fannie Mae Pool #BH4084 3.50% 204715 | 8,180 | 8,485 |
Fannie Mae Pool #CA0487 3.50% 204715 | 4,320 | 4,481 |
Fannie Mae Pool #BM3065 3.50% 204715 | 1,989 | 2,067 |
Fannie Mae Pool #CA0770 3.50% 204715 | 1,174 | 1,217 |
Fannie Mae Pool #BH7772 3.50% 204715 | 935 | 970 |
Fannie Mae Pool #AS9454 4.00% 204715 | 42,452 | 44,522 |
Fannie Mae Pool #MA3121 4.00% 204715 | 12,736 | 13,361 |
Fannie Mae Pool #BM4413 4.50% 204715 | 14,408 | 15,234 |
Fannie Mae Pool #947661 6.50% 204715 | 237 | 255 |
Fannie Mae Pool #BF0293 3.00% 204815 | 23,073 | 23,679 |
Fannie Mae Pool #CA2690 3.00% 204815 | 15 | 15 |
Fannie Mae Pool #MA3332 3.50% 204815 | 58,619 | 60,772 |
Fannie Mae Pool #MA3305 3.50% 204815 | 55,689 | 57,831 |
Fannie Mae Pool #BJ3775 3.50% 204815 | 19,496 | 20,182 |
The Income Fund of America — Page 34 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Fannie Mae Pool #BJ0648 3.50% 204815 | $4,789 | $4,958 |
Fannie Mae Pool #MA3276 3.50% 204815 | 4,558 | 4,717 |
Fannie Mae Pool #BN2844 3.50% 204815 | 1,302 | 1,342 |
Fannie Mae Pool #BM4703 3.50% 204815 | 1,005 | 1,037 |
Fannie Mae Pool #MA3467 4.00% 204815 | 146,225 | 152,007 |
Fannie Mae Pool #MA3521 4.00% 204815 | 45,991 | 47,760 |
Fannie Mae Pool #MA3357 4.00% 204815 | 26,693 | 27,938 |
Fannie Mae Pool #MA3306 4.00% 204815 | 22,785 | 23,925 |
Fannie Mae Pool #FM1437 4.00% 204815 | 5,781 | 6,027 |
Fannie Mae Pool #MA3384 4.00% 204815 | 4,883 | 5,104 |
Fannie Mae Pool #MA3443 4.00% 204815 | 928 | 963 |
Fannie Mae Pool #BK0920 4.00% 204815 | 502 | 522 |
Fannie Mae Pool #CA2056 4.50% 204815 | 2,212 | 2,336 |
Fannie Mae Pool #CA3807 3.00% 204915 | 3,932 | 4,049 |
Fannie Mae Pool #CA3806 3.00% 204915 | 1,973 | 2,033 |
Fannie Mae Pool #MA3803 3.50% 204915 | 85,854 | 88,337 |
Fannie Mae Pool #MA3775 3.50% 204915 | 51,705 | 53,121 |
Fannie Mae Pool #BN3127 3.50% 204915 | 4,843 | 4,992 |
Fannie Mae Pool #MA3776 4.00% 204915 | 12,928 | 13,459 |
Fannie Mae Pool #BO2188 4.00% 204915 | 10,773 | 11,205 |
Fannie Mae Pool #MA3804 4.00% 204915 | 1,762 | 1,835 |
Fannie Mae Pool #FM1389 4.50% 204915 | 9,660 | 10,146 |
Fannie Mae Pool #MA3616 4.50% 204915 | 2,686 | 2,822 |
Fannie Mae, Series 2001-4, Class NA, 9.016% 202510,15 | —7 | —7 |
Fannie Mae, Series 2001-4, Class GA, 9.152% 202510,15 | 5 | 6 |
Fannie Mae, Series 2001-20, Class E, 9.50% 203110,15 | 5 | 5 |
Fannie Mae, Series 2007-33, Class HE, 5.50% 203715 | 2,081 | 2,364 |
Fannie Mae, Series 2007-24, Class P, 6.00% 203715 | 932 | 1,075 |
Fannie Mae, Series 2001-T10, Class A1, 7.00% 204115 | 193 | 222 |
Fannie Mae, Series 2001-50, Class BA, 7.00% 204115 | 184 | 208 |
Fannie Mae, Series 2002-W3, Class A5, 7.50% 204115 | 130 | 154 |
Fannie Mae, Series 2002-W1, Class 2A, 5.646% 204210,15 | 376 | 409 |
Fannie Mae, Series 2012-M14, Class A2, Multi Family, 2.301% 202210,15 | 3,441 | 3,476 |
Fannie Mae, Series 2012-M9, Class A2, Multi Family, 2.482% 202215 | 7,627 | 7,705 |
Fannie Mae, Series 2012-M5, Class A2, Multi Family, 2.715% 202215 | 5,308 | 5,379 |
Fannie Mae, Series 2013-M14, Class A2, Multi Family, 3.329% 202310,15 | 7,514 | 7,917 |
Fannie Mae, Series 2014-M2, Class A2, Multi Family, 3.513% 202310,15 | 8,039 | 8,481 |
Fannie Mae, Series 2014-M9, Class A2, Multi Family, 3.103% 202410,15 | 7,990 | 8,353 |
Fannie Mae, Series 2014-M3, Class A2, Multi Family, 3.48% 202410,15 | 7,913 | 8,356 |
Fannie Mae, Series 2017-M3, Class A2, Multi Family, 2.483% 202610,15 | 16,665 | 17,128 |
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 20696,15 | 11,682 | 12,532 |
Finance of America Structured Securities Trust, Series 2019-JR2, Class A1, 2.00% 20696,15 | 11,916 | 12,483 |
Freddie Mac 3.50% 202615 | 13,666 | 14,162 |
Freddie Mac 3.00% 203315 | 65 | 67 |
Freddie Mac 3.50% 203315 | 6,310 | 6,547 |
Freddie Mac 4.50% 203515 | 5,835 | 6,329 |
Freddie Mac 3.00% 203615 | 871 | 897 |
Freddie Mac 3.00% 203615 | 555 | 572 |
Freddie Mac 6.50% 203815 | 557 | 628 |
Freddie Mac 4.50% 203915 | 558 | 605 |
Freddie Mac 5.00% 203915 | 909 | 1,005 |
Freddie Mac 5.00% 203915 | 526 | 581 |
Freddie Mac 4.50% 204015 | 13,140 | 14,256 |
Freddie Mac 4.00% 204115 | 1,094 | 1,171 |
Freddie Mac 4.50% 204115 | 1,051 | 1,141 |
The Income Fund of America — Page 35 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Freddie Mac 4.50% 204115 | $1,037 | $1,126 |
Freddie Mac 4.50% 204115 | 924 | 1,002 |
Freddie Mac 5.00% 204115 | 69 | 75 |
Freddie Mac 4.50% 204215 | 2,043 | 2,216 |
Freddie Mac 4.50% 204215 | 1,216 | 1,319 |
Freddie Mac 4.00% 204315 | 3,447 | 3,717 |
Freddie Mac 3.00% 204615 | 9,520 | 9,835 |
Freddie Mac 4.00% 204615 | 17,430 | 18,505 |
Freddie Mac 4.00% 204615 | 12,367 | 13,139 |
Freddie Mac 4.00% 204615 | 11,008 | 11,694 |
Freddie Mac 4.50% 204615 | 8,046 | 8,499 |
Freddie Mac 4.50% 204615 | 2,695 | 2,870 |
Freddie Mac 3.50% 204715 | 75,136 | 78,081 |
Freddie Mac 3.50% 204715 | 33,924 | 35,222 |
Freddie Mac 3.50% 204715 | 22,088 | 22,914 |
Freddie Mac 3.50% 204715 | 18,714 | 19,448 |
Freddie Mac 3.50% 204715 | 9,026 | 9,395 |
Freddie Mac 3.50% 204715 | 1,621 | 1,682 |
Freddie Mac 4.00% 204715 | 28,942 | 30,499 |
Freddie Mac 3.50% 204815 | 18,533 | 19,239 |
Freddie Mac 3.50% 204815 | 16,404 | 17,023 |
Freddie Mac 3.50% 204815 | 12,965 | 13,365 |
Freddie Mac 3.50% 204815 | 1,905 | 1,996 |
Freddie Mac 4.00% 204815 | 59,510 | 61,876 |
Freddie Mac 4.00% 204815 | 46,878 | 48,741 |
Freddie Mac 4.00% 204815 | 4,455 | 4,683 |
Freddie Mac Pool #J38004 3.00% 203215 | 1,581 | 1,624 |
Freddie Mac Pool #G18681 3.00% 203315 | 68,633 | 70,535 |
Freddie Mac Pool #G16550 3.00% 203315 | 54,792 | 56,311 |
Freddie Mac Pool #ZS8715 3.00% 203315 | 1,392 | 1,427 |
Freddie Mac Pool #ZS8710 3.00% 203315 | 1,252 | 1,283 |
Freddie Mac Pool #G18695 3.00% 203315 | 873 | 895 |
Freddie Mac Pool #SB8015 2.50% 203415 | 2,109 | 2,132 |
Freddie Mac Pool #G18729 3.00% 203415 | 4,728 | 4,845 |
Freddie Mac Pool #G18722 3.00% 203415 | 1,674 | 1,716 |
Freddie Mac Pool #G18732 3.00% 203415 | 1,451 | 1,487 |
Freddie Mac Pool #J40197 3.00% 203415 | 1,284 | 1,316 |
Freddie Mac Pool #G18725 3.00% 203415 | 1,236 | 1,266 |
Freddie Mac Pool #RB5005 3.00% 203915 | 3,070 | 3,141 |
Freddie Mac Pool #Q23185 4.00% 204315 | 1,957 | 2,139 |
Freddie Mac Pool #G67701 3.00% 204615 | 66,691 | 68,734 |
Freddie Mac Pool #G61733 3.00% 204715 | 12,126 | 12,497 |
Freddie Mac Pool #G61161 3.50% 204715 | 5,703 | 5,934 |
Freddie Mac Pool #G08799 3.00% 204815 | 58,428 | 59,700 |
Freddie Mac Pool #Q54900 3.50% 204815 | 20,833 | 21,588 |
Freddie Mac Pool #ZT1545 4.00% 204815 | 36,630 | 38,051 |
Freddie Mac Pool #SD0045 4.50% 204815 | 49,586 | 53,126 |
Freddie Mac Pool #ZT1546 4.50% 204815 | 44 | 47 |
Freddie Mac Pool #Q63663 3.00% 204915 | 12,413 | 12,773 |
Freddie Mac Pool #SD7503 3.50% 204915 | 10,470 | 10,965 |
Freddie Mac Pool #ZN4802 4.00% 204915 | 1,695 | 1,763 |
Freddie Mac Pool #ZA6269 4.50% 204915 | 2,573 | 2,704 |
Freddie Mac Pool #ZA7009 4.50% 204915 | 2,011 | 2,119 |
Freddie Mac Pool #ZN3568 4.50% 204915 | 36 | 38 |
Freddie Mac, Series 2890, Class KT, 4.50% 201915 | —7 | —7 |
The Income Fund of America — Page 36 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Freddie Mac, Series 2289, Class NB, 9.00% 202210,15 | $—7 | $—7 |
Freddie Mac, Series 2014-HQ2, Class M2, (1-month USD-LIBOR + 2.20%) 4.023% 202410,15 | 2,741 | 2,776 |
Freddie Mac, Series 2015-HQ2, Class M2, (1-month USD-LIBOR + 1.95%) 3.773% 202510,15 | 1,745 | 1,760 |
Freddie Mac, Series 3257, Class PA, 5.50% 203615 | 2,073 | 2,381 |
Freddie Mac, Series 3286, Class JN, 5.50% 203715 | 1,594 | 1,738 |
Freddie Mac, Series 3318, Class JT, 5.50% 203715 | 936 | 1,034 |
Freddie Mac, Series K036, Class A1, Multi Family, 2.777% 202315 | 6,042 | 6,138 |
Freddie Mac, Series K733, Class A2, Multi Family, 3.75% 202510,15 | 5,913 | 6,425 |
Freddie Mac, Series K734, Class A2, Multi Family, 3.208% 202615 | 11,055 | 11,738 |
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 202715 | 6,340 | 6,787 |
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 202715 | 7,695 | 8,283 |
Freddie Mac, Series K070, Class A2, Multi Family, 3.303% 202710,15 | 3,495 | 3,789 |
Freddie Mac, Series K076, Class A2, Multi Family, 3.90% 202815 | 4,164 | 4,695 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 2.50% 205615 | 14,081 | 14,405 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 2.50% 205615 | 13,436 | 13,906 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 205615 | 13,557 | 13,908 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 205610,15 | 13,350 | 13,662 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class MA, 3.00% 205615 | 1,627 | 1,667 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.00% 205710,15 | 3,307 | 3,418 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 205715 | 2,641 | 2,782 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 205715 | 7,387 | 7,897 |
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 205815 | 16,307 | 17,083 |
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 202815 | 4,698 | 4,902 |
Government National Mortgage Assn. 4.50% 204115 | 681 | 720 |
Government National Mortgage Assn. 4.00% 204815 | 25,169 | 26,271 |
Government National Mortgage Assn. 4.00% 204815 | 16,607 | 17,524 |
Government National Mortgage Assn. 4.00% 204815 | 5,047 | 5,353 |
Government National Mortgage Assn. 4.00% 204915,16 | 24,430 | 25,398 |
Government National Mortgage Assn. 4.50% 204915,16 | 49,765 | 52,077 |
Government National Mortgage Assn. 4.50% 204915 | 11,486 | 12,040 |
Government National Mortgage Assn. Pool #MA5876 4.00% 204915 | 44,131 | 45,928 |
Government National Mortgage Assn. Pool #MA5931 4.00% 204915 | 10,981 | 11,439 |
Government National Mortgage Assn. Pool #MA6155 4.00% 204915 | 5,559 | 5,822 |
Government National Mortgage Assn. Pool #MA6092 4.50% 204915 | 35,374 | 37,274 |
Government National Mortgage Assn. Pool #MA6156 4.50% 204915 | 32,487 | 34,301 |
Government National Mortgage Assn. Pool #MA5987 4.50% 204915 | 5,263 | 5,535 |
Government National Mortgage Assn. Pool #MA5932 4.50% 204915 | 4,868 | 5,106 |
Government National Mortgage Assn. Pool #MA6041 4.50% 204915 | 2,597 | 2,735 |
Government National Mortgage Assn. Pool #MA5877 4.50% 204915 | 326 | 342 |
IndyMac INDX Mortgage Loan Trust, Series 2006-AR5, Class 2A1, 3.73% 203610,15 | 2,952 | 2,698 |
L.A. Arena Funding, LLC, Series 1, Class A, 7.656% 20266,15 | 2,070 | 2,163 |
Legacy Mortgage Asset Trust, Series 2019-GS5, Class A1, 3.20% 20596,10,15 | 4,135 | 4,163 |
Legacy Mortgage Asset Trust, Series 2019-GS2, Class A1, 3.75% 20596,10,15 | 2,388 | 2,410 |
Mello Warehouse Securitization Trust, Series 2019-2, Class A, (1-month USD-LIBOR + 0.75%) 2.573% 20523,6,10,15 | 3,501 | 3,501 |
Morgan Stanley Capital I Trust, Series 2014-CPT, Class A, 3.35% 20296,15 | 6,370 | 6,493 |
Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 20486,10,15 | 6,002 | 6,144 |
Starwood Mortgage Residential Trust, Series 2019-IMC1, Class A1, 3.468% 20496,10,15 | 4,270 | 4,335 |
Starwood Mortgage Residential Trust, Series 2019-IMC1, Class A3, 3.754% 20496,10,15 | 5,124 | 5,227 |
Structured Adjustable Rate Mortgage Loan Trust, Series 2006-4, Class 6A, 3.898% 203610,15 | 2,015 | 1,754 |
Towd Point Mortgage Trust, Series 2019-SJ1, Class A1, 3.75% 20586,10,15 | 2,435 | 2,461 |
Uniform Mortgage-Backed Security 2.50% 203415,16 | 50,000 | 50,520 |
Uniform Mortgage-Backed Security 3.00% 203415,16 | 27,000 | 27,648 |
Uniform Mortgage-Backed Security 3.50% 203415,16 | 24,027 | 24,891 |
Uniform Mortgage-Backed Security 3.00% 204915,16 | 274,000 | 278,452 |
The Income Fund of America — Page 37 of 46
unaudited
Bonds, notes & other debt instruments (continued) Mortgage-backed obligations (continued) | Principal amount (000) | Value (000) |
Uniform Mortgage-Backed Security 3.00% 204915,16 | $124,701 | $126,606 |
Uniform Mortgage-Backed Security 3.50% 204915,16 | 27,324 | 28,059 |
Uniform Mortgage-Backed Security 4.00% 204915,16 | 12,811 | 13,294 |
Uniform Mortgage-Backed Security 2.50% 205015,16 | 25,000 | 24,831 |
3,691,287 | ||
Federal agency bonds & notes 0.56% | ||
Fannie Mae 2.75% 202113 | 90,000 | 91,734 |
Fannie Mae 6.25% 2029 | 32,000 | 44,173 |
Federal Home Loan Bank 2.125% 2020 | 95,000 | 95,127 |
Federal Home Loan Bank 2.375% 2020 | 125,000 | 125,431 |
Freddie Mac 1.875% 2020 | 75,000 | 75,201 |
Freddie Mac 2.50% 2020 | 200,000 | 200,858 |
632,524 | ||
Municipals 0.20% Illinois 0.20% | ||
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2009-E, 6.138% 2039 | 41,240 | 45,594 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-C, 6.319% 2029 | 12,070 | 13,501 |
City of Chicago, Board of Education, Unlimited Tax G.O. Bonds (Dedicated Rev.), Series 2010-D, 6.519% 2040 | 10,190 | 11,779 |
City of Chicago, Board of Education, Unlimited Tax G.O. Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% 2046 | 2,500 | 2,789 |
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 | 973 |
G.O. Bonds, Pension Funding, Series 2003, 4.95% 2023 | 5,625 | 5,884 |
G.O. Bonds, Pension Funding, Series 2003, 5.10% 2033 | 112,790 | 122,042 |
G.O. Bonds, Series 2019-A, 4.00% 2023 | 12,000 | 12,227 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2035 | 1,000 | 1,177 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-2, 5.95% 2023 | 595 | 643 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-3, 6.725% 2035 | 4,500 | 5,266 |
G.O. Bonds, Taxable Build America Bonds, Series 2010-5, 7.35% 2035 | 1,000 | 1,212 |
223,087 | ||
Puerto Rico 0.00% | ||
Aqueduct and Sewer Auth., Rev. Bonds, Series 2012-B, 4.90% 2020 | 270 | 270 |
Aqueduct and Sewer Auth., Rev. Bonds, Series 2012-B, 5.35% 2027 | 5,085 | 4,882 |
5,152 | ||
228,239 | ||
Asset-backed obligations 0.20% | ||
Aesop Funding LLC, Series 2014-2A, Class A, 2.50% 20216,15 | 5,333 | 5,335 |
Angel Oak Capital Advisors LLC, CLO, Series 2013-9A, Class A1R, (3-month USD-LIBOR + 1.01%) 2.976% 20256,10,15 | 246 | 246 |
CarMaxAuto Owner Trust, Series 2019-2, Class C, 3.16% 202515 | 450 | 464 |
Cloud Pass-Through Trust, Series 2019-1A, Class CLOU, 3.554% 20226,10,15 | 3,956 | 4,009 |
CPS Auto Receivables Trust, Series 2019-B, Class C, 3.35% 20246,15 | 1,040 | 1,057 |
CPS Auto Receivables Trust, Series 2019-C, Class C, 2.84% 20256,15 | 1,040 | 1,049 |
CPS Auto Receivables Trust, Series 2019-C, Class D, 3.17% 20256,15 | 1,575 | 1,593 |
CPS Auto Receivables Trust, Series 2019-B, Class D, 3.69% 20256,15 | 3,805 | 3,883 |
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD-LIBOR + 0.14%) 2.061% 203710,15 | 670 | 647 |
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD-LIBOR + 0.15%) 2.071% 203710,15 | 1,202 | 1,166 |
Drive Auto Receivables Trust, Series 2019-2, Class B, 3.17% 202315 | 3,375 | 3,421 |
The Income Fund of America — Page 38 of 46
unaudited
Bonds, notes & other debt instruments (continued) Asset-backed obligations (continued) | Principal amount (000) | Value (000) |
Drive Auto Receivables Trust, Series 2019-3, Class C, 2.90% 202515 | $15,145 | $15,362 |
Drive Auto Receivables Trust, Series 2019-2, Class C, 3.42% 202515 | 6,350 | 6,493 |
Drive Auto Receivables Trust, Series 2019-3, Class D, 3.18% 202615 | 12,390 | 12,615 |
Drivetime Auto Owner Trust, Series 2019-3, Class C, 2.74% 20256,15 | 1,100 | 1,112 |
Drivetime Auto Owner Trust, Series 2019-3, Class D, 2.96% 20256,15 | 2,395 | 2,415 |
Drivetime Auto Owner Trust, Series 2019-2A, Class C, 3.18% 20256,15 | 3,205 | 3,256 |
Drivetime Auto Owner Trust, Series 2019-2A, Class D, 3.48% 20256,15 | 5,950 | 6,086 |
Exeter Automobile Receivables Trust, Series 2019-2, Class B, 3.06% 20236,15 | 4,490 | 4,540 |
Exeter Automobile Receivables Trust, Series 2019-3A, Class C, 2.79% 20246,15 | 7,000 | 7,069 |
Exeter Automobile Receivables Trust, Series 2019-2A, Class C, 3.30% 20246,15 | 3,570 | 3,640 |
Exeter Automobile Receivables Trust, Series 2019-3A, Class D, 3.11% 20256,15 | 7,000 | 7,104 |
Exeter Automobile Receivables Trust, Series 2019-2A, Class D, 3.71% 20256,15 | 8,000 | 8,251 |
Ford Credit Auto Owner Trust, Series 2017-1, Class A, 2.62% 20286,15 | 9,500 | 9,642 |
Ford Credit Auto Owner Trust, Series 2018-2, Class A, 3.47% 20306,15 | 10,105 | 10,587 |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.52% 20306,15 | 9,000 | 9,524 |
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 20316,15 | 11,060 | 11,584 |
Ford Credit Floorplan Master Owner Trust, Series 2019-4, Class A, 2.44% 202615 | 4,818 | 4,881 |
Global SC Finance II SRL, Series 2017-1A, Class A, 3.85% 20376,15 | 4,005 | 4,102 |
GM Financial Consumer Automobile Receivables Trust, Series 2018-1, Class C, 2.77% 202315 | 605 | 613 |
Hertz Vehicle Financing LLC, Rental Car Asset-Backed Notes, Series 2018-1A, Class A, 3.29% 20246,15 | 3,765 | 3,866 |
Prestige Auto Receivables Trust, Series 2019-1A, Class C, 3.11% 20246,15 | 3,060 | 3,093 |
Prestige Auto Receivables Trust, Series 2019-1A, Class D, 3.45% 20256,15 | 1,895 | 1,922 |
Santander Drive Auto Receivables Trust, Series 2016-2, Class C, 2.66% 202115 | 775 | 775 |
Santander Drive Auto Receivables Trust, Series 2019-2, Class D, 3.22% 202515 | 4,350 | 4,445 |
Social Professional Loan Program LLC, Series 2015-D, Class A2, 2.72% 20366,15 | 2,121 | 2,141 |
Symphony Ltd., CLO, Series 2013-12A, Class AR, (3-month USD-LIBOR + 1.03%) 3.031% 20256,10,15 | 2,910 | 2,914 |
TAL Advantage V LLC, Series 2013-2A, Class A, 3.55% 20386,15 | 6,962 | 6,973 |
TAL Advantage V LLC, Series 2014-1A, Class A, 3.51% 20396,15 | 1,668 | 1,670 |
TAL Advantage V LLC, Series 2017-1A, Class A, 4.50% 20426,15 | 3,987 | 4,117 |
Triton Container Finance LLC, Series 2017-1A, Class A, 3.52% 20426,15 | 4,016 | 4,066 |
World Financial Network Credit Card Master Note Trust, Series 2018-B, Class A, 3.46% 202515 | 9,025 | 9,271 |
World Financial Network Credit Card Master Note Trust, Series 2019-C, Class A, 2.21% 202615 | 28,000 | 28,016 |
225,015 | ||
Bonds & notes of governments & government agencies outside the U.S. 0.03% | ||
CPPIB Capital Inc. 2.375% 20216 | 8,000 | 8,063 |
PT Indonesia Asahan Aluminium Tbk 5.23% 20216 | 1,862 | 1,952 |
PT Indonesia Asahan Aluminium Tbk 5.71% 20236 | 1,020 | 1,122 |
PT Indonesia Asahan Aluminium Tbk 6.53% 20286 | 395 | 479 |
PT Indonesia Asahan Aluminium Tbk 6.757% 20486 | 655 | 842 |
Saudi Arabia (Kingdom of) 4.00% 2025 | 10,700 | 11,511 |
Saudi Arabia (Kingdom of) 4.00% 20256 | 2,475 | 2,662 |
26,631 | ||
Total bonds, notes & other debt instruments (cost: $28,688,265,000) | 29,254,965 | |
Short-term securities 7.69% Money market investments 7.66% | Shares | |
Capital Group Central Cash Fund 1.92%2,17 | 86,153,777 | 8,616,239 |
The Income Fund of America — Page 39 of 46
unaudited
Short-term securities (continued) Other short-term securities 0.03% | Principal amount (000) | Value (000) |
U.S. Treasury Bill 2.46% due 1/30/2020 | $ 35,000 | $34,868 |
Total short-term securities (cost: $8,649,340,000) | 8,651,107 | |
Total investment securities100.42% (cost: $91,613,484,000) | 112,915,047 | |
Other assets less liabilities(0.42)% | (475,170) | |
Net assets100.00% | $112,439,877 |
Futures contracts
Contracts | Type | Number of contracts | Expiration | Notional amount18 (000) | Value at 10/31/201919 (000) | Unrealized (depreciation) appreciation at 10/31/2019 (000) |
2 Year U.S. Treasury Note Futures | Long | 12,187 | January 2020 | $2,437,400 | $2,627,536 | $(6,134) |
5 Year U.S. Treasury Note Futures | Long | 4,610 | January 2020 | 461,000 | 549,526 | (718) |
10 Year U.S. Treasury Note Futures | Short | 419 | December 2019 | (41,900) | (54,594) | 437 |
10 Year Ultra U.S. Treasury Note Futures | Short | 5,511 | December 2019 | (551,100) | (783,165) | 8,902 |
20 Year U.S. Treasury Bond Futures | Long | 60 | December 2019 | 6,000 | 9,683 | (317) |
30 Year Ultra U.S. Treasury Bond Futures | Long | 1,070 | December 2019 | 107,000 | 203,032 | (6,421) |
$(4,251) |
Forward currency contracts
Contract amount | Counterparty | Settlement date | Unrealized appreciation (depreciation) at 10/31/2019 (000) | |
Purchases (000) | Sales (000) | |||
AUD66,000 | USD45,132 | JPMorgan Chase | 11/27/2019 | $400 |
USD45,226 | AUD66,000 | Bank of New York Mellon | 11/27/2019 | (305) |
$95 |
The Income Fund of America — Page 40 of 46
unaudited
Investments in affiliates
A company is an affiliate of the fund under the Investment Company Act of 1940 if the fund’s holdings represent 5% or more of the outstanding voting shares of that company. Further details on these holdings and related transactions during the three months ended October 31, 2019, appear below.
Beginning shares or principal amount | Additions | Reductions | Ending shares or principal amount | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Dividend or interest income (000) | Value of affiliates at 10/31/2019 (000) | |
Common stocks 2.58% | ||||||||
Health care 0.01% | ||||||||
Rotech Healthcare Inc.1,3,4,5 | 543,172 | — | — | 543,172 | $— | $2,172 | $— | $7,604 |
Industrials 0.72% | ||||||||
Hubbell Inc. | 3,430,000 | — | — | 3,430,000 | — | 40,543 | 2,881 | 486,031 |
Meggitt PLC | 12,916,300 | 26,724,264 | — | 39,640,564 | — | 25,446 | 2,116 | 320,619 |
806,650 | ||||||||
Real estate 0.97% | ||||||||
Gaming and Leisure Properties, Inc. REIT | 12,537,400 | 1,415,600 | — | 13,953,000 | — | 36,647 | 9,488 | 563,143 |
Iron Mountain Inc. REIT | 16,245,000 | — | — | 16,245,000 | — | 55,071 | 9,926 | 532,836 |
1,095,979 | ||||||||
Consumer discretionary 0.10% | ||||||||
Domino’s Pizza Group PLC | 30,671,123 | — | — | 30,671,123 | — | 22,004 | 1,575 | 113,587 |
Utilities 0.65% | ||||||||
AES Corp. | 43,141,951 | — | — | 43,141,951 | — | 11,217 | 5,889 | 735,570 |
Materials 0.00% | ||||||||
Boral Ltd.3,20 | 76,201,575 | — | 76,201,575 | — | (97,960) | 48,749 | 5,569 | — |
WestRock Co.20 | 16,074,832 | — | 5,978,000 | 10,096,832 | (107,174) | 114,446 | 7,314 | — |
— | ||||||||
Energy 0.02% | ||||||||
Ascent Resources - Utica, LLC, Class A1,3,4,5 | 110,214,618 | — | — | 110,214,618 | — | (3,306) | — | 20,941 |
White Star Petroleum Corp., Class A1,3,4,5 | 6,511,401 | — | — | 6,511,401 | — | — | — | 65 |
21,006 | ||||||||
Communication services 0.11% | ||||||||
HKBN Ltd. | 49,072,000 | 17,000,000 | — | 66,072,000 | — | (2,162) | — | 118,047 |
Total common stocks | 2,898,443 | |||||||
Bonds, notes & other debt instruments 0.06% | ||||||||
Health care 0.00% | ||||||||
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.31% 2023 (100% PIK)3,4,9,10,11,20 | $32,748,495 | $1,114,038 | $10,798,597 | $23,063,936 | (11) | (455) | 1,117 | — |
Rotech Healthcare Inc., Term Loan A, (3-month USD-LIBOR + 3.25%) 5.294% 20233,10,20 | $13,185,000 | — | $13,185,000 | — | — | — | 165 | — |
— | ||||||||
Energy 0.00% | ||||||||
Ascent Resources - Utica LLC 10.00% 20226,20 | $2,705,000 | — | — | $2,705,000 | — | (111) | 68 | — |
Ascent Resources - Utica LLC 7.00% 20266,20 | $5,715,000 | — | — | $5,715,000 | — | (187) | 101 | — |
— |
The Income Fund of America — Page 41 of 46
unaudited
Investments in affiliates (continued)
Beginning shares or principal amount | Additions | Reductions | Ending shares or principal amount | Net realized (loss) gain (000) | Net unrealized appreciation (depreciation) (000) | Dividend or interest income (000) | Value of affiliates at 10/31/2019 (000) | |
Utilities 0.04% | ||||||||
AES Corp. 4.00% 2021 | $2,450,000 | — | — | $2,450,000 | $— | $1 | $27 | $2,496 |
AES Corp. 4.50% 2023 | $1,300,000 | — | — | $1,300,000 | — | (4) | 16 | 1,333 |
AES Corp. 4.875% 2023 | $5,450,000 | — | $765,000 | $4,685,000 | 4 | 13 | 62 | 4,772 |
AES Corp. 5.50% 2025 | $13,289,000 | — | — | $13,289,000 | — | (23) | 219 | 13,833 |
AES Corp. 6.00% 2026 | $4,150,000 | $7,845,000 | — | $11,995,000 | — | 70 | 86 | 12,853 |
AES Corp. 5.125% 2027 | $955,000 | $8,000,000 | — | $8,955,000 | — | 102 | 30 | 9,649 |
44,936 | ||||||||
Real estate 0.02% | ||||||||
Iron Mountain Inc. 5.75% 2024 | $5,925,000 | — | — | $5,925,000 | — | 3 | 92 | 5,992 |
Iron Mountain Inc. 4.875% 20276 | $1,875,000 | — | — | $1,875,000 | — | 65 | 28 | 1,941 |
Iron Mountain Inc. 5.25% 20286 | $13,575,000 | $4,270,000 | — | $17,845,000 | — | 680 | 213 | 18,826 |
26,759 | ||||||||
Total bonds, notes & other debt instruments | 71,695 | |||||||
Short-term securities 7.66% | ||||||||
Money market investments 7.66% | ||||||||
Capital Group Central Cash Fund 1.92%17 | 92,216,552 | 33,006,082 | 39,068,857 | 86,153,777 | 18 | 1,800 | 46,137 | 8,616,239 |
Total 10.30% | $(205,123) | $352,781 | $93,119 | $11,586,377 |
The Income Fund of America — Page 42 of 46
unaudited
1 | Security did not produce income during the last 12 months. |
2 | Represents an affiliated company as defined under the Investment Company Act of 1940. |
3 | Valued under fair value procedures adopted by authority of the board of trustees. The total value of all such securities was $135,254,000, which represented .12% of the net assets of the fund. |
4 | Value determined using significant unobservable inputs. |
5 | 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. |
6 | 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 $5,347,472,000, which represented 4.76% of the net assets of the fund. |
7 | Amount less than one thousand. |
8 | Step bond; coupon rate may change at a later date. |
9 | Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $335,965,000, which represented .30% of the net assets of the fund. |
10 | Coupon rate may change periodically. |
11 | 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. |
12 | Scheduled interest and/or principal payment was not received. |
13 | All or a portion of this security was pledged as collateral. The total value of pledged collateral was $11,120,000, which represented .01% of the net assets of the fund. |
14 | Index-linked bond whose principal amount moves with a government price index. |
15 | Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date. |
16 | Purchased on a TBA basis. |
17 | Rate represents the seven-day yield at 10/31/2019. |
18 | Notional amount is calculated based on the number of contracts and notional contract size. |
19 | Value is calculated based on the notional amount and current market price. |
20 | Unaffiliated issuer at 10/31/2019. |
Private placement securities | Acquisition date(s) | Cost (000) | Value (000) | Percent of net assets |
Ascent Resources - Utica, LLC, Class A | 4/25/2016-11/15/2016 | $56,848 | $20,941 | .02% |
Rotech Healthcare Inc. | 11/26/2014 | 19,660 | 7,604 | .01 |
White Star Petroleum Corp., Class A | 6/30/2016 | 4,354 | 65 | .00 |
Total private placement securities | $80,862 | $28,610 | .03% |
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 of each share class of the fund is generally determined as of approximately 4:00 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 43 of 46
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; 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 $3,195,615,000. Forward currency contracts are valued at the mean of representative quoted bid and ask prices, generally based on prices supplied by one or more pricing vendors. The average month-end notional amount of open forward currency contracts while held was $55,742,000.
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 44 of 46
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, 2019 (dollars in thousands):
Investment securities | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Common stocks: | ||||
Financials | $12,432,898 | $— | $— | $12,432,898 |
Health care | 9,440,279 | — | 7,604 | 9,447,883 |
Information technology | 9,313,225 | — | 259 | 9,313,484 |
Industrials | 7,502,099 | — | — | 7,502,099 |
Consumer staples | 7,471,574 | — | — | 7,471,574 |
Real estate | 6,264,480 | — | — | 6,264,480 |
Consumer discretionary | 5,942,183 | — | — | 5,942,183 |
Utilities | 5,495,360 | — | — | 5,495,360 |
Materials | 3,961,792 | 3,324 | — | 3,965,116 |
Energy | 3,634,854 | 9,097 | 21,006 | 3,664,957 |
Communication services | 2,708,709 | — | 5 | 2,708,714 |
Preferred securities | 298,379 | 1,457 | — | 299,836 |
Rights & warrants | — | 37 | 3,230 | 3,267 |
Convertible stocks | 463,028 | — | 23,073 | 486,101 |
Convertible bonds | — | 11,023 | — | 11,023 |
Bonds, notes & other debt instruments: | ||||
Corporate bonds & notes | — | 13,002,348 | 23,644 | 13,025,992 |
U.S. Treasury bonds & notes | — | 11,425,277 | — | 11,425,277 |
Mortgage-backed obligations | — | 3,691,287 | — | 3,691,287 |
Federal agency bonds & notes | — | 632,524 | — | 632,524 |
Municipals | — | 228,239 | — | 228,239 |
Asset-backed obligations | — | 225,015 | — | 225,015 |
Bonds & notes of governments & government agencies outside the U.S. | — | 26,631 | — | 26,631 |
Short-term securities | 8,616,239 | 34,868 | — | 8,651,107 |
Total | $83,545,099 | $29,291,127 | $78,821 | $112,915,047 |
The Income Fund of America — Page 45 of 46
unaudited
Other investments* | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Unrealized appreciation on futures contracts | $9,339 | $— | $— | $9,339 |
Unrealized appreciation on open forward currency contracts | — | 400 | — | 400 |
Liabilities: | ||||
Unrealized depreciation on futures contracts | (13,590) | — | — | (13,590) |
Unrealized depreciation on open forward currency contracts | — | (305) | — | (305) |
Total | $(4,251) | $95 | $— | $(4,156) |
* | Futures contracts and forward currency contracts are not included in the investment portfolio. |
Key to abbreviations and symbol |
ADR = American Depositary Receipts |
AUD = Australian dollars |
Auth. = Authority |
CAD = Canadian dollars |
CDI = CREST Depository Interest |
CLO = Collateralized Loan Obligations |
G.O. = General Obligation |
GBP = British pounds |
GDR = Global Depositary Receipts |
ICE = Intercontinental Exchange, Inc. |
LIBOR = London Interbank Offered Rate |
Ref. = Refunding |
Rev. = Revenue |
SDR = Swedish Depositary Receipts |
SOFR = Secured Overnight Financing Rate |
TBA = To-be-announced |
USD/$ = 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.
© 2019 Capital Group. All rights reserved.
MFGEFPX-006-1219O-S73104 | The Income Fund of America — Page 46 of 46 |