# EDGAR Filing Document

**Accession Number:** 0000050013
**File Stem:** 0001193125-25-224568
**Filing Date:** 2025-9
**Character Count:** 565831
**Document Hash:** d0309c97023815b4492966ba84e34338
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-224568.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001193125-25-224568

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 80

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**EFFECTIVENESS DATE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INCOME FUND OF AMERICA
- **CENTRAL INDEX KEY:** 0000050013

**ORGANIZATION NAME:**
- **EIN:** 060867264
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01880
- **FILM NUMBER:** 251358992

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9501

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INCOME FUND OF AMERICA INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT COMPANIES OF AMERICA INC
- **DATE OF NAME CHANGE:** 19710427

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREENWICH GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19701222

## Series and Classes Contracts Data

### INCOME FUND OF AMERICA (Series ID: S000008814)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000023985 | Class A       | AMECX           |
| C000023986 | Class R-1     | RIDAX           |
| C000023987 | Class R-2     | RIDBX           |
| C000023988 | Class R-3     | RIDCX           |
| C000023989 | Class R-4     | RIDEX           |
| C000023990 | Class R-5     | RIDFX           |
| C000023992 | Class C       | IFACX           |
| C000023993 | Class F-1     | IFAFX           |
| C000023994 | Class 529-A   | CIMAX           |
| C000023996 | Class 529-C   | CIMCX           |
| C000023997 | Class 529-E   | CIMEX           |
| C000023998 | Class 529-F-1 | CIMFX           |
| C000068581 | Class F-2     | AMEFX           |
| C000077898 | Class R-6     | RIDGX           |
| C000148385 | Class R-2E    | RIEBX           |
| C000164804 | Class R-5E    | RIDHX           |
| C000179951 | Class F-3     | FIFAX           |
| C000189427 | Class 529-T   | TFAAX           |
| C000189428 | Class T       | TIAFX           |
| C000223653 | Class 529-F-2 | FAIFX           |
| C000223654 | Class 529-F-3 | FFIFX           |

?xml version='1.0' encoding='ASCII'? 8ddfb9b3462efa9

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-01880

#### The Income Fund of America
(Exact name of registrant as specified in charter)

------

6455 Irvine Center Drive

Irvine, California 92618

(Address of principal executive offices)

Hong T. Le

6455 Irvine Center Drive

Irvine, California 92618

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(949) 975-5000

#### Date of fiscal year end:

#### July 31

#### Date of reporting period:

#### July 31, 2025
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class A \| AMECX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$59 | 0.56% |

---

#### Management's discussion of fund performance
The fund's Class A shares gained 12.47% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-A.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436688.jpg)

#### Average annual total r eturns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class A (with sales charge)\* | 6.01% | 8.33% | 7.10% |
| The Income Fund of America — Class A (without sales charge)\* | 12.47% | 9.62% | 7.73% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class A](images_2163.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFAAARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class C \| IFACX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$139 | 1.31% |

---

#### Management's discussion of fund performance
The fund's Class C shares gained 11.60% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-C.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1435984.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class C (with sales charge)\* | 10.60% | 8.80% | 7.07% |
| The Income Fund of America — Class C (without sales charge)\* | 11.60% | 8.80% | 7.07% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class C](images_2162.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFCCARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class T \| TIAFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$33 | 0.31% |

---

#### Management's discussion of fund performance
The fund's Class T shares gained 12.75% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436776.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class T (with sales charge)2 | 9.95% | 9.35% | 7.77% |
| The Income Fund of America — Class T (without sales charge)2 | 12.75% | 9.90% | 8.10% |
| S&P 500 Index3 | 16.33% | 15.88% | 14.56% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 9.88% | 10.12% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (1.07)% | 1.57% |

---

<sup>1</sup> Class T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds (Mutual Funds)](images_2164.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFTTARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-1 \| IFAFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$67 | 0.63% |

---

#### Management's discussion of fund performance
The fund's Class F-1 shares gained 12.39% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F1.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436028.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class F-1\* | 12.39% | 9.54% | 7.65% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F1](images_2161.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF1ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-2 \| AMEFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$39 | 0.37% |

---

#### Management's discussion of fund performance
The fund's Class F-2 shares gained 12.66% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F2.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436072.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class F-2\* | 12.66% | 9.83% | 7.93% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F2](images_2160.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF2ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-3 \| FIFAX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$28 | 0.26% |

---

#### Management's discussion of fund performance
The fund's Class F-3 shares gained 12.82% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F3.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436644.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class F-32 | 12.82% | 9.95% | 8.18% |
| S&P 500 Index3 | 16.33% | 15.88% | 14.63% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 9.88% | 10.18% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (1.07)% | 1.64% |

---

<sup>1</sup> Class F-3 shares were first offered on January 27, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F3](images_2159.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF3ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-A \| CIMAX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$63 | 0.59% |

---

#### Management's discussion of fund performance
The fund's Class 529-A shares gained 12.39% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529A.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436116.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class 529-A (with sales charge)\* | 8.44% | 8.79% | 7.29% |
| The Income Fund of America — Class 529-A (without sales charge)\* | 12.39% | 9.57% | 7.67% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529A](images_2150.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5AARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-C \| CIMCX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$143 | 1.35% |

---

#### Management's discussion of fund performance
The fund's Class 529-C shares gained 11.57% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529C.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436160.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class 529-C (with sales charge)\* | 10.57% | 8.75% | 7.26% |
| The Income Fund of America — Class 529-C (without sales charge)\* | 11.57% | 8.75% | 7.26% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529C](images_2149.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5CARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-E \| CIMEX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$88 | 0.83% |

---

#### Management's discussion of fund performance
The fund's Class 529-E shares gained 12.18% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529E.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436248.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class 529-E\* | 12.18% | 9.32% | 7.42% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529E](images_2148.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5EARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-T \| TFAAX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$39 | 0.37% |

---

#### Management's discussion of fund performance
The fund's Class 529-T shares gained 12.69% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436732.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class 529-T (with sales charge)2 | 9.89% | 9.30% | 7.71% |
| The Income Fund of America — Class 529-T (without sales charge)2 | 12.69% | 9.85% | 8.04% |
| S&P 500 Index3 | 16.33% | 15.88% | 14.56% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 9.88% | 10.12% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (1.07)% | 1.57% |

---

<sup>1</sup> Class 529-T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds (Mutual Funds)](images_2164.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5TARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-1 \| CIMFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$46 | 0.43% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-1 shares gained 12.57% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F1.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436204.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class 529-F-1\* | 12.57% | 9.76% | 7.89% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F1](images_2147.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5FARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-2 \| FAIFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$37 | 0.35% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-2 shares gained 12.67% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F2.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436820.jpg)

#### Average annual total returns

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class 529-F-22 | 12.67% | 10.73% |
| S&P 500 Index3 | 16.33% | 16.69% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 10.46% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (0.85)% |

---

<sup>1</sup> Class 529-F-2 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F2](images_2146.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5XARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-3 \| FFIFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$33 | 0.31% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-3 shares gained 12.76% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F3.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436864.jpg)

#### Average annual total returns

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class 529-F-32 | 12.76% | 10.77% |
| S&P 500 Index3 | 16.33% | 16.69% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 10.46% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (0.85)% |

---

<sup>1</sup> Class 529-F-3 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F3](images_2145.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5YARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-1 \| RIDAX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$142 | 1.34% |

---

#### Management's discussion of fund performance
The fund's Class R-1 shares gained 11.57% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R1.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436292.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-1\* | 11.57% | 8.76% | 6.88% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R1](images_2158.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR1ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-2 \| RIDBX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$143 | 1.35% |

---

#### Management's discussion of fund performance
The fund's Class R-2 shares gained 11.60% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436336.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-2\* | 11.60% | 8.76% | 6.88% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R2](images_2157.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR2ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-2E \| RIEBX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$112 | 1.06% |

---

#### Management's discussion of fund performance
The fund's Class R-2E shares gained 11.88% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2E.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436556.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-2E\* | 11.88% | 9.08% | 7.20% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R2E](images_2155.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF2EARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-3 \| RIDCX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$95 | 0.90% |

---

#### Management's discussion of fund performance
The fund's Class R-3 shares gained 12.08% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R3.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436380.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-3\* | 12.08% | 9.24% | 7.35% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R3](images_2156.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR3ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-4 \| RIDEX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R4. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$65 | 0.61% |

---

#### Management's discussion of fund performance
The fund's Class R-4 shares gained 12.41% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R4.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436424.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-4\* | 12.41% | 9.57% | 7.68% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R4](images_2154.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR4ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-5E \| RIDHX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$44 | 0.41% |

---

#### Management's discussion of fund performance
The fund's Class R-5E shares gained 12.63% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5E.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436600.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| The Income Fund of America — Class R-5E2 | 12.63% | 9.79% | 8.19% |
| S&P 500 Index3 | 16.33% | 15.88% | 14.11% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index3 | 11.81% | 9.88% | 9.87% |
| Bloomberg U.S. Aggregate Index3 | 3.38% | (1.07)% | 1.70% |

---

<sup>1</sup> Class R-5E shares were first offered on November 20, 2015.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R5E](images_2152.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFE5ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-5 \| RIDFX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$32 | 0.30% |

---

#### Management's discussion of fund performance
The fund's Class R-5 shares gained 12.77% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436468.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-5\* | 12.77% | 9.91% | 8.00% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R5](images_2153.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR5ARX-006-0925© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2138.jpg)

ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-6 \| RIDGX** for the year ended July 31, 2025

This annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2024 to July 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R6. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$28 | 0.26% |

---

#### Management's discussion of fund performance
The fund's Class R-6 shares gained 12.81% for the year ended July 31, 2025. That result compares with a 11.81% gain for the 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R6.

#### What factors influenced results
U.S. equities posted strong gains despite volatility in 2025, supported by a resilient economy and easing inflation. After a sharp April decline triggered by global trade tensions, markets rebounded to new highs by June, namely in the technology sector. Robust growth in communication services, financials and utilities also supported overall gains. European equities rallied on cooling inflation, European Central Bank rate cuts and German fiscal reforms. The financials and industrials sectors led gains, though trade tensions and geopolitical risks at times dampened investor sentiment. The U.S. bond market saw turbulence from Fed rate cuts and tariff uncertainty, with early rallies reversing as long-term yields rose on fiscal deficit concerns.

Within the fund, most sectors added to the fund's positive results with information technology, financials and industrials holdings particularly additive. Consumer staples and communication services shares were also positive, though below the portfolio's overall return. Geographically, shares of companies based in the Pacific excluding Japan, emerging markets and Canada had some of the highest returns in the portfolio. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability when equity markets were volatile.

In terms of detractors, holdings in the real estate and energy sectors saw negative returns during the period. Also, investments in companies based in other European regions and Japan, while still positive, detracted from the broader portfolio's return.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1436512.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| The Income Fund of America — Class R-6\* | 12.81% | 9.95% | 8.05% |
| S&P 500 Index† | 16.33% | 15.88% | 13.66% |
| 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index† | 11.81% | 9.88% | 9.58% |
| Bloomberg U.S. Aggregate Index† | 3.38% | (1.07)% | 1.66% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $133794 |
| Total number of portfolio holdings | 3186 |
| Total advisory fees paid (in millions) | $285 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 65% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 44% |

---

**Portfolio holdings by asset type** (percent of net assets)

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R6](images_2151.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR6ARX-006-0925© 2025 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
The Registrant has adopted a Code of Ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer and principal accounting officer, or persons performing similar functions. A copy of the code of ethics is available without charge at https://www.capitalgroup.com/individual/pdf/shareholder/cg_code_of_ethics.pdf.

------

#### ITEM 3 - Audit Committee Financial Expert
The Registrant's board has determined that Sharon I. Meers, a member of the Registrant's audit committee, is an "audit committee financial expert" and "independent," as such terms are defined in this Item. This designation will not increase the designee's duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant's financial statements and condition.

------

#### ITEM 4 - Principal Accountant Fees and Services

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Registrant<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Fees | &nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related Fees | (c) Tax Fees | &nbsp;&nbsp;&nbsp;&nbsp;(d) All Other Fees |
| **July 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229000 | &nbsp;&nbsp;19000 | &nbsp;&nbsp;13000 |  |
| **July 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;15000 | &nbsp;&nbsp;13000 |  |
| **Adviser and Affiliates<sup>2</sup>** |  |  |  |  |
| **July 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;1578000 | &nbsp;&nbsp;4000 |  |
| **July 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;2638000 |  | &nbsp;&nbsp;&nbsp;&nbsp;11000 |

---

---

| | |
|:---|:---|
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Aggregate |
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**non-audit fees** |
| **July 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613000 |
| **July 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2677000 |

---

<sup>1</sup>The audit fees represents fees billed for professional services rendered for the audit and review of the Registrant's annual financial statements. The audit-related fees represents fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Registrant's financial statements, but not reported under "audit fees". The tax fees consist of professional services relating to the preparation of the Registrant's tax returns. The other fees represents fees, if any, billed for other products and services rendered by the principal accountant to the Registrant other than those reported under the "audit fees", "audit-related fees", and "tax fees".

<sup>2</sup>This includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below. The audit-related fees consist of assurance and related services relating to the examination of the Registrant's transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants. The tax fees consist of consulting services relating to the Registrant's investments. The other fees consist of subscription services related to an accounting research tool.

<sup>3</sup>Aggregate non-audit fees paid to the Registrant's auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors' independence.

**(e1)(e2)(h)** All audit and permissible non-audit services that the Registrant's audit committee considers compatible with maintaining the independent registered public accounting firm's independence are required to be pre-approved by the committee. The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services. Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre- approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.

**(f)**Not applicable.

**(i)**Not applicable.

**(j)**Not applicable.

------

#### ITEM 5 - Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

------

#### ITEM 6 - Investments
The schedule of investments is included as part of the material filed under Item 7 of this Form.

------

#### ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies

------

![](img097164b81.jpg)

**The Income Fund of America**<sup>®</sup>

Financial Statements and Other Information

N-CSR Items 7-11

for the year ended July 31, 2025

Lit. No. MFGEFP4-006-0925© 2025 Capital Group. All rights reserved.

------

Investment portfolio July 31, 2025

------

---

| | | |
|:---|:---|:---|
| Common stocks 67.89% | Shares | Value<br> (000)<br>|
| **Financials 15.23%** | **Financials 15.23%** | **Financials 15.23%** |
| JPMorgan Chase & Co.  | 6901108 | $2044384 |
| Citigroup, Inc.  | 14998512 | 1405360 |
| CME Group, Inc., Class A  | 4700084 | 1307939 |
| Fifth Third Bancorp  | 22133775 | 920101 |
| Ares Management Corp., Class A  | 4955917 | 919471 |
| CaixaBank SA, non-registered shares  | 97292991 | 915140 |
| Carlyle Group, Inc. (The)  | 14424698 | 875002 |
| Brookfield Asset Management, Ltd., Class A  | 13090437 | 807287 |
| Synchrony Financial  | 11083201 | 772167 |
| UniCredit SpA  | 9723645 | 715374 |
| Goldman Sachs Group, Inc.  | 898702 | 650292 |
| Citizens Financial Group, Inc.  | 12133604 | 579016 |
| Bank of America Corp.  | 11645542 | 550485 |
| Morgan Stanley  | 3517701 | 501132 |
| Apollo Asset Management, Inc.  | 2993772 | 435055 |
| NatWest Group PLC  | 60328983 | 418772 |
| MS&AD Insurance Group Holdings, Inc.  | 18363300 | 391182 |
| American International Group, Inc.  | 5000000 | 388150 |
| AXA SA  | 7381189 | 358723 |
| BlackRock, Inc.  | 307624 | 340235 |
| Power Corporation of Canada, subordinate voting shares  | 7947322 | 320279 |
| Banco Bilbao Vizcaya Argentaria SA  | 17732700 | 295996 |
| ING Groep NV  | 12445797 | 289202 |
| Zurich Insurance Group AG  | 392519 | 267041 |
| PICC Property and Casualty Co., Ltd., Class H  | 125000000 | 260011 |
| Progressive Corp.  | 1066700 | 258184 |
| Blackstone, Inc.  | 1477751 | 255592 |
| Allianz SE  | 619243 | 245249 |
| National Bank of Canada  | 2181865 | 226957 |
| 3i Group PLC  | 4110000 | 224720 |
| DBS Group Holdings, Ltd.  | 6105477 | 224101 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 318703 | 209378 |
| Partners Group Holding AG  | 124045 | 166338 |
| Nordnet AB  | 6000000 | 161526 |
| Aviva PLC  | 18123287 | 154777 |
| Manulife Financial Corp.  | 4595192 | 142174 |
| KB Financial Group, Inc.  | 1721838 | 136936 |
| B3 SA - Brasil, Bolsa, Balcao  | 60301822 | 135475 |
| ICICI Bank, Ltd.  | 7315730 | 123520 |
| Mizuho Financial Group, Inc.  | 4023400 | 118023 |
| National Bank of Greece SA  | 8041354 | 112605 |
| Islandsbanki hf. <sup>(a)</sup>  | 100744765 | 102561 |
| Bank Leumi le-Israel BM  | 4727319 | 87432 |
| Qualitas Controladora, SAB de CV <sup>(b)</sup>  | 8439995 | 76441 |
| Bank Hapoalim BM  | 4024613 | 75533 |
| Wells Fargo & Co.  | 869127 | 70078 |
| Skandinaviska Enskilda Banken AB, Class A  | 3739101 | 65289 |
| Macquarie Group, Ltd.  | 457380 | 63122 |
| BNP Paribas SA  | 584948 | 53288 |
| PNC Financial Services Group, Inc.  | 171428 | 32618 |
| Credicorp, Ltd.  | 105083 | 24905 |
| KKR & Co., Inc.  | 164019 | 24042 |
| Ally Financial, Inc.  | 525099 | 19875 |
| Erste Group Bank AG  | 211451 | 19334 |
| Brookfield Corp., Class A  | 207530 | 13915 |
| AIA Group, Ltd.  | 1319800 | 12349 |
| Banco Santander SA  | 1033615 | 8881 |
| Sberbank of Russia PJSC <sup>(c)</sup>  | 25683200 | — <br><sup>(d)</sup><br>|
|  |  | 20373014 |

---

The Income Fund of America<sub>1</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer staples 7.91%** | **Consumer staples 7.91%** | **Consumer staples 7.91%** |
| Philip Morris International, Inc.  | 24590854 | $4034130 |
| Nestle SA  | 15690597 | 1368378 |
| Keurig Dr Pepper, Inc.  | 23198831 | 757442 |
| Sysco Corp.  | 8133138 | 647398 |
| Coca-Cola Co.  | 8954694 | 607934 |
| Procter & Gamble Co.  | 2911194 | 438047 |
| Kimberly-Clark Corp.  | 2980456 | 371424 |
| Altria Group, Inc.  | 5335391 | 330474 |
| Hershey Co.  | 1500000 | 279195 |
| Bunge Global SA  | 3272054 | 260979 |
| Unilever PLC  | 4000000 | 232649 |
| British American Tobacco PLC  | 4136368 | 221421 |
| General Mills, Inc.  | 4390196 | 215032 |
| Target Corp.  | 1633848 | 164202 |
| Kenvue, Inc.  | 7431490 | 159331 |
| Mondelez International, Inc., Class A  | 1827808 | 118241 |
| Pernod Ricard SA <sup>(b)</sup>  | 1000000 | 102821 |
| Imperial Brands PLC  | 1999525 | 77948 |
| PepsiCo, Inc.  | 484503 | 66823 |
| WH Group, Ltd.  | 49532000 | 49926 |
| Tyson Foods, Inc., Class A  | 577683 | 30213 |
| Viva Wine Group AB <sup>(a)(b)</sup>  | 4500000 | 18233 |
| Wal-Mart de Mexico, SAB de CV, Series V  | 3533339 | 10415 |
| Kweichow Moutai Co., Ltd., Class A  | 29000 | 5738 |
| Scandinavian Tobacco Group A/S  | 437503 | 5725 |
| Coca-Cola FEMSA, SAB de CV (ADR)  | 60363 | 5013 |
|  |  | 10579132 |
| **Health care 7.07%** | **Health care 7.07%** | **Health care 7.07%** |
| Gilead Sciences, Inc.  | 19619859 | 2203114 |
| CVS Health Corp.  | 22527182 | 1398938 |
| Amgen, Inc.  | 4003635 | 1181473 |
| Sanofi <sup>(b)</sup>  | 10243695 | 930841 |
| AbbVie, Inc.  | 4874540 | 921386 |
| Medtronic PLC  | 8543439 | 770960 |
| AstraZeneca PLC  | 5226420 | 762285 |
| UnitedHealth Group, Inc.  | 2356797 | 588162 |
| Novo Nordisk AS, Class B  | 4424844 | 204243 |
| Johnson & Johnson  | 924187 | 152251 |
| GSK PLC  | 7980524 | 146982 |
| Takeda Pharmaceutical Co., Ltd.  | 4245700 | 116697 |
| Rotech Healthcare, Inc. <sup>(a)(c)(e)(f)</sup>  | 543172 | 40895 |
| Endo, Inc. <sup>(e)</sup>  | 1154586 | 27237 |
| Endo, Inc., 1L 7.50% Escrow <sup>(c)(e)</sup>  | 79502000 | — <br><sup>(d)</sup><br>|
| Sandoz Group AG  | 167000 | 9523 |
|  |  | 9454987 |
| **Information technology 6.47%** | **Information technology 6.47%** | **Information technology 6.47%** |
| Broadcom, Inc.  | 9672735 | 2840882 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 42710786 | 1649841 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 1471300 | 355496 |
| Microsoft Corp.  | 3082685 | 1644612 |
| International Business Machines Corp.  | 4152971 | 1051325 |
| MediaTek, Inc.  | 8857000 | 404102 |
| Texas Instruments, Inc.  | 1495236 | 270727 |
| Diebold Nixdorf, Inc. <sup>(a)(e)</sup>  | 4521627 | 254522 |
| Tokyo Electron, Ltd.  | 658350 | 103032 |
| Seagate Technology Holdings PLC  | 393724 | 61819 |
| Microchip Technology, Inc.  | 365704 | 24718 |
|  |  | 8661076 |

---

---

| | |
|:---|:---|
| **2** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy 6.41%** | **Energy 6.41%** | **Energy 6.41%** |
| EOG Resources, Inc.  | 17540866 | $2105255 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 39270006 | 1243059 |
| Chevron Corp.  | 5785543 | 877320 |
| Exxon Mobil Corp.  | 6349952 | 708909 |
| Shell PLC (GBP denominated)  | 18389797 | 659868 |
| Shell PLC (EUR denominated)  | 570856 | 20526 |
| Baker Hughes Co., Class A  | 13079995 | 589254 |
| Schlumberger NV  | 13266388 | 448404 |
| Tourmaline Oil Corp. <sup>(b)</sup>  | 8796534 | 374373 |
| TotalEnergies SE  | 3920057 | 232934 |
| Expand Energy Corp.  | 2182905 | 228725 |
| Enbridge, Inc.  | 5000000 | 226450 |
| Diamondback Energy, Inc.  | 1388555 | 206423 |
| ConocoPhillips  | 1715000 | 163508 |
| TC Energy Corp. (CAD denominated)  | 2668721 | 127427 |
| Cenovus Energy, Inc. (CAD denominated)  | 6150950 | 93623 |
| Viper Energy, Inc., Class A  | 2055633 | 77415 |
| Halliburton Co.  | 3247392 | 72741 |
| Ascent Resources, LLC, Class A <sup>(c)(f)</sup>  | 1102146 | 54479 |
| HF Sinclair Corp.  | 1022000 | 44907 |
| DT Midstream, Inc.  | 113913 | 11702 |
| New Fortress Energy, Inc., Class A <sup>(e)</sup>  | 1971128 | 5371 |
| Altera Infrastructure, LP <sup>(c)</sup>  | 80900 | 2498 |
| Mesquite Energy, Inc. <sup>(c)(e)</sup>  | 25913 | 1469 |
| Bighorn Permian Resources, LLC <sup>(c)</sup>  | 17183 | — <br><sup>(d)</sup><br>|
|  |  | 8576640 |
| **Industrials 5.26%** | **Industrials 5.26%** | **Industrials 5.26%** |
| BAE Systems PLC  | 81296131 | 1935013 |
| Lockheed Martin Corp.  | 1972338 | 830315 |
| RTX Corp.  | 4237072 | 667635 |
| L3Harris Technologies, Inc.  | 1393700 | 383017 |
| PACCAR, Inc.  | 3795216 | 374816 |
| 3M Co.  | 2181535 | 325529 |
| ITOCHU Corp.  | 6000000 | 315996 |
| Johnson Controls International PLC  | 2779737 | 291872 |
| Norfolk Southern Corp.  | 818000 | 227404 |
| Emerson Electric Co.  | 1532420 | 222982 |
| Watsco, Inc.  | 434018 | 195690 |
| Caterpillar, Inc.  | 415639 | 182058 |
| Paychex, Inc.  | 1142527 | 164901 |
| Siemens AG  | 582312 | 149329 |
| Ventia Services Group Pty, Ltd.  | 34829353 | 115997 |
| Deutsche Post AG  | 2315862 | 104183 |
| Valmet OYJ <sup>(b)</sup>  | 2850000 | 102660 |
| Volvo AB, Class B  | 3436750 | 98448 |
| United Parcel Service, Inc., Class B  | 1000000 | 86160 |
| Southwest Airlines Co.  | 2521638 | 77994 |
| Robert Half, Inc.  | 1584960 | 58501 |
| Inwido AB  | 2500000 | 46489 |
| Bureau Veritas SA  | 1218228 | 37434 |
| Regal Rexnord Corp.  | 134000 | 20486 |
| General Dynamics Corp.  | 35000 | 10906 |
| Marubeni Corp.  | 457200 | 9352 |
|  |  | 7035167 |
| **Consumer discretionary 5.16%** | **Consumer discretionary 5.16%** | **Consumer discretionary 5.16%** |
| Starbucks Corp.  | 15653967 | 1395708 |
| Darden Restaurants, Inc.  | 5361414 | 1081236 |
| Industria de Diseno Textil SA  | 20282221 | 969648 |
| Home Depot, Inc.  | 2624193 | 964417 |
| Restaurant Brands International, Inc. <sup>(b)</sup>  | 10712603 | 726957 |
| Evolution AB  | 4402271 | 391133 |
| Vail Resorts, Inc. <sup>(a)</sup>  | 1857734 | 279143 |
| Compagnie Generale des Etablissements Michelin  | 6000000 | 213639 |

---

The Income Fund of America<sub>3</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| NIKE, Inc., Class B  | 2080914 | $155424 |
| Compagnie Financiere Richemont SA, Class A  | 888595 | 144603 |
| McDonald's Corp.  | 400331 | 120127 |
| Domino's Pizza Group PLC <sup>(a)</sup>  | 30671123 | 97162 |
| Puuilo OYJ <sup>(a)</sup>  | 5509640 | 85841 |
| Midea Group Co., Ltd., Class A  | 7391465 | 71889 |
| Accor SA  | 1294017 | 65764 |
| Hyundai Motor Co.  | 416000 | 63582 |
| Las Vegas Sands Corp.  | 854598 | 44781 |
| Aimbridge Topco, LLC <sup>(c)(e)</sup>  | 297303 | 22381 |
| Hasbro, Inc.  | 153315 | 11523 |
| Party City Holdco, Inc. <sup>(a)(c)(e)</sup>  | 1566483 | — <br><sup>(d)</sup><br>|
| Party City Holdco, Inc. <sup>(a)(c)(e)(g)</sup>  | 15639 | — <br><sup>(d)</sup><br>|
| NMG Parent, LLC <sup>(c)(e)</sup>  | 61091 | — <br><sup>(d)</sup><br>|
|  |  | 6904958 |
| **Utilities 4.59%** | **Utilities 4.59%** | **Utilities 4.59%** |
| National Grid PLC  | 72501199 | 1018478 |
| FirstEnergy Corp.  | 23663438 | 1010665 |
| Brookfield Infrastructure Partners, LP  | 22376603 | 695555 |
| Southern Co. (The)  | 7074409 | 668390 |
| DTE Energy Co.  | 4801978 | 664642 |
| Dominion Energy, Inc.  | 9713059 | 567728 |
| Pinnacle West Capital Corp.  | 5453030 | 494154 |
| NextEra Energy, Inc.  | 3718769 | 264256 |
| Public Service Enterprise Group, Inc.  | 1750000 | 157133 |
| AES Corp.  | 11915891 | 156694 |
| Veolia Environnement SA <sup>(b)</sup>  | 4587788 | 155220 |
| CenterPoint Energy, Inc.  | 3500244 | 135879 |
| CPFL Energia SA  | 10301000 | 69740 |
| Talen Energy Corp. <sup>(e)</sup>  | 175287 | 66183 |
| Duke Energy Corp.  | 182442 | 22192 |
|  |  | 6146909 |
| **Communication services 3.78%** | **Communication services 3.78%** | **Communication services 3.78%** |
| AT&T, Inc.  | 38003558 | 1041677 |
| Publicis Groupe SA  | 10932769 | 991557 |
| Comcast Corp., Class A  | 23474849 | 780069 |
| Koninklijke KPN NV  | 144369348 | 645311 |
| Singapore Telecommunications, Ltd.  | 175434500 | 523076 |
| Verizon Communications, Inc.  | 9492000 | 405878 |
| NetEase, Inc.  | 8012100 | 209030 |
| NetEase, Inc. (ADR)  | 1198161 | 156120 |
| Deutsche Telekom AG  | 8371039 | 300032 |
| DSG TopCo, Inc. <sup>(e)</sup>  | 36863 | 536 |
| Clear Channel Outdoor Holdings, Inc. <sup>(b)(e)</sup>  | 152827 | 162 |
| Cumulus Media, Inc., Class A <sup>(e)</sup>  | 217532 | 30 |
|  |  | 5053478 |
| **Materials 3.33%** | **Materials 3.33%** | **Materials 3.33%** |
| Agnico Eagle Mines, Ltd.  | 9830897 | 1220419 |
| International Paper Co.  | 8310980 | 388455 |
| Smurfit Westrock PLC  | 8292449 | 368019 |
| Southern Copper Corp.  | 3775851 | 355534 |
| Barrick Mining Corp.  | 16415500 | 346695 |
| Newmont Corp.  | 4638953 | 288079 |
| Lundin Mining Corp.  | 24403237 | 249210 |
| Packaging Corporation of America  | 1229648 | 238244 |
| Air Products and Chemicals, Inc.  | 640174 | 184293 |
| Eastman Chemical Co.  | 2470037 | 179349 |
| Rio Tinto PLC  | 2830600 | 168083 |
| Glencore PLC  | 34348125 | 137814 |
| LyondellBasell Industries NV  | 1750000 | 101378 |
| Dow, Inc.  | 2498988 | 58201 |

---

---

| | |
|:---|:---|
| **4** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |
| International Flavors & Fragrances, Inc.  | 753785 | $53541 |
| Aura Minerals, Inc. <sup>(b)</sup>  | 1620102 | 39482 |
| Vale SA, ordinary nominative shares  | 3679000 | 35124 |
| Endeavour Mining PLC  | 858800 | 25784 |
| Solidcore Resources PLC <sup>(e)</sup>  | 6162000 | 23108 |
| Anglo American PLC  | 24957 | 706 |
| Venator Materials PLC <sup>(a)(c)(e)</sup>  | 53540 | — <br><sup>(d)</sup><br>|
|  |  | 4461518 |
| **Real estate 2.68%** | **Real estate 2.68%** | **Real estate 2.68%** |
| American Tower Corp. REIT  | 2768989 | 577030 |
| VICI Properties, Inc. REIT  | 16017161 | 522159 |
| UDR, Inc. REIT  | 9092882 | 357259 |
| Simon Property Group, Inc. REIT  | 2054584 | 336520 |
| Prologis, Inc. REIT  | 2718366 | 290267 |
| Lineage, Inc. REIT  | 5735614 | 247492 |
| Extra Space Storage, Inc. REIT  | 1642792 | 220726 |
| Mid-America Apartment Communities, Inc. REIT  | 1453466 | 207017 |
| Iron Mountain, Inc. REIT  | 2117169 | 206128 |
| CTP NV  | 9500000 | 201236 |
| Crown Castle, Inc. REIT  | 1580000 | 166042 |
| Lamar Advertising Co. REIT, Class A  | 903020 | 110394 |
| Public Storage REIT  | 225000 | 61186 |
| Brixmor Property Group, Inc. REIT  | 1655326 | 43254 |
| Essential Properties Realty Trust, Inc. REIT  | 701760 | 21397 |
| Invitation Homes, Inc. REIT  | 553255 | 16957 |
|  |  | 3585064 |
| **Total common stocks** (cost: $59,172,423,000) |  | 90831943 |
| Preferred securities 0.24% |  |  |
| **Financials 0.23%** | **Financials 0.23%** | **Financials 0.23%** |
| Itau Unibanco Holding SA, preferred nominative shares  | 45000000 | 282558 |
| AH Parent, Inc., Class A, 10.50% PIK or 10.00% Cash, perpetual cumulative preferred shares <sup>(c)(f)(h)</sup>  | 17970 | 18516 |
| Citigroup, Inc., 10.942% preferred shares <sup>(i)</sup>  | 378650 | 11159 |
|  |  | 312233 |
| **Industrials 0.01%** | **Industrials 0.01%** | **Industrials 0.01%** |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(c)(e)(g)</sup>  | 3259 | 4683 |
| **Total preferred securities** (cost: $246,095,000) |  | 316916 |
| Rights & warrants 0.00% |  |  |
| **Energy 0.00%** | **Energy 0.00%** | **Energy 0.00%** |
| Constellation Oil Services Holding SA, Class D, warrants, expire 6/10/2071 <sup>(c)(e)</sup>  | 28 | — <br><sup>(d)</sup><br>|
| **Total rights & warrants** (cost: $0) |  | — <br><sup>(d)</sup><br>|
| Convertible stocks 0.92% |  |  |
| **Industrials 0.67%** | **Industrials 0.67%** | **Industrials 0.67%** |
| Boeing Co., Series A, convertible preferred depositary shares, 6.00% 10/15/2027  | 12628085 | 892806 |
| **Financials 0.22%** | **Financials 0.22%** | **Financials 0.22%** |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 5207215 | 299154 |
| **Information technology 0.03%** | **Information technology 0.03%** | **Information technology 0.03%** |
| Microchip Technology, Inc., Series A, cumulative convertible preferred depositary shares, 7.50% 3/15/2028 <sup>(b)</sup>  | 594259 | 37385 |
| **Total convertible stocks** (cost: $942,028,000) |  | 1229345 |

---

The Income Fund of America<sub>5</sub>

------

---

| | | |
|:---|:---|:---|
| Convertible bonds & notes 0.01% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Communication services 0.01%** | **Communication services 0.01%** | **Communication services 0.01%** |
| EchoStar Corp., convertible notes, 3.875% PIK 11/30/2030 <sup>(h)</sup>  | USD1,670 | $2119 |
| Live Nation Entertainment, Inc., convertible notes, 2.875% 1/15/2030 <sup>(g)</sup>  | 17500 | 18821 |
| **Total convertible bonds & notes** (cost: $19,496,000) |  | 20940 |
| Bonds, notes & other debt instruments 24.37% |  |  |
| **Corporate bonds, notes & loans 16.08%** | **Corporate bonds, notes & loans 16.08%** | **Corporate bonds, notes & loans 16.08%** |
| **Financials 2.69%** | **Financials 2.69%** | **Financials 2.69%** |
| AerCap Ireland Capital DAC 2.45% 10/29/2026  | 9166 | 8925 |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(c)(g)(i)(j)</sup>  | 34230 | 33973 |
| AG Issuer, LLC 6.25% 3/1/2028 <sup>(g)</sup>  | 77127 | 77108 |
| AG TTMT Escrow Issuer, LLC 8.625% 9/30/2027 <sup>(g)</sup>  | 24566 | 25317 |
| AIB Group PLC 7.583% 10/14/2026 (USD-SOFR + 3.456% on 10/14/2025) <sup>(g)(k)</sup>  | 14750 | 14832 |
| AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028) <sup>(g)(k)</sup>  | 450 | 475 |
| Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.856% <br>5/30/2033 <sup>(i)(j)</sup>  | 23485 | 24415 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(g)</sup>  | 16855 | 16514 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(g)</sup>  | 65526 | 65638 |
| Alliant Holdings Intermediate, LLC 6.75% 4/15/2028 <sup>(g)</sup>  | 14500 | 14708 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(g)</sup>  | 35215 | 34706 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(g)</sup>  | 32120 | 33056 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(g)</sup>  | 24135 | 24840 |
| Ally Financial, Inc. 8.00% 11/1/2031  | 4026 | 4545 |
| American Express Co. 6.338% 10/30/2026 (USD-SOFR + 1.33% on 10/30/2025) <sup>(k)</sup>  | 11161 | 11206 |
| American Express Co. 5.085% 1/30/2031 (USD-SOFR + 1.02% on 1/30/2030) <sup>(k)</sup>  | 4000 | 4086 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(k)</sup>  | 8383 | 9099 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(k)</sup>  | 5898 | 6016 |
| American International Group, Inc. 5.125% 3/27/2033  | 3981 | 4032 |
| AmWINS Group, Inc. 6.375% 2/15/2029 <sup>(g)</sup>  | 17335 | 17663 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(g)</sup>  | 55605 | 54055 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(g)</sup>  | 16675 | 17401 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(g)</sup>  | 19535 | 20561 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(g)</sup>  | 61410 | 61465 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(g)</sup>  | 17750 | 19377 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 5980 | 5949 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 1599 | 1510 |
| AssuredPartners, Inc. 5.625% 1/15/2029 <sup>(g)</sup>  | 27866 | 27836 |
| AssuredPartners, Inc., Term Loan, (3-month USD CME Term SOFR + 3.50%) 7.858% 2/14/2031 <sup>(i)(j)</sup>  | 15244 | 15289 |
| Athene Global Funding 4.86% 8/27/2026 <sup>(g)</sup>  | 2500 | 2509 |
| Banco Santander SA 5.147% 8/18/2025  | 3400 | 3400 |
| Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% <br> on 9/25/2029) <sup>(k)</sup>  | 6995 | 6515 |
| Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028) <sup>(k)</sup>  | 4185 | 3919 |
| Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028) <sup>(k)</sup>  | 6625 | 6884 |
| Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033) <sup>(k)</sup>  | 12134 | 12366 |
| Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033) <sup>(k)</sup>  | 2829 | 2981 |
| Bank of New York Mellon Corp. 4.942% 2/11/2031 (USD-SOFR + 0.887% on 2/11/2030) <sup>(k)</sup>  | 2225 | 2267 |
| Bank of New York Mellon Corp. 5.06% 7/22/2032 (USD-SOFR + 1.23% on 7/22/2031) <sup>(k)</sup>  | 1280 | 1306 |
| BBVA Bancomer SA 7.625% 2/11/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 3.375% on <br> 2/11/2030) <sup>(g)(k)</sup>  | 3295 | 3393 |
| Blackstone Private Credit Fund 6.00% 11/22/2034  | 35920 | 35707 |
| Block, Inc. 3.50% 6/1/2031  | 20105 | 18446 |
| Block, Inc. 6.50% 5/15/2032  | 4680 | 4805 |
| Blue Owl Capital Corp. 3.40% 7/15/2026  | 6475 | 6383 |
| Blue Owl Capital Corp. 2.625% 1/15/2027  | 20600 | 19860 |
| Blue Owl Capital Corp. 3.125% 4/13/2027  | 14490 | 13989 |
| Blue Owl Capital Corp. 2.875% 6/11/2028  | 1765 | 1647 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 17775 | 17649 |
| Blue Owl Credit Income Corp. 6.65% 3/15/2031  | 13930 | 14339 |
| BNP Paribas SA 2.591% 1/20/2028 (USD-SOFR + 1.228% on 1/20/2027) <sup>(g)(k)</sup>  | 3443 | 3344 |
| BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) <sup>(g)(k)</sup>  | 8362 | 7752 |
| BNP Paribas SA 5.497% 5/20/2030 (USD-SOFR + 1.59% on 5/20/2029) <sup>(g)(k)</sup>  | 18600 | 19108 |
| BNP Paribas SA 5.283% 11/19/2030 (USD-SOFR + 1.28% on 11/19/2029) <sup>(g)(k)</sup>  | 476 | 485 |
| Boost Newco Borrower, LLC 7.50% 1/15/2031 <sup>(g)</sup>  | 15025 | 15896 |
| BPCE SA 1.652% 10/6/2026 (USD-SOFR + 1.52% on 10/6/2025) <sup>(g)(k)</sup>  | 4575 | 4547 |
| BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026) <sup>(g)(k)</sup>  | 2008 | 2019 |

---

---

| | |
|:---|:---|
| **6** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028) <sup>(g)(k)</sup>  | USD3,500 | $3705 |
| BPCE SA 5.876% 1/14/2031 (USD-SOFR + 1.68% on 1/14/2030) <sup>(g)(k)</sup>  | 14300 | 14825 |
| BPCE SA 5.389% 5/28/2031 (USD-SOFR + 1.581% on 5/28/2030) <sup>(g)(k)</sup>  | 12679 | 12920 |
| BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) <sup>(g)(k)</sup>  | 8000 | 8417 |
| BPCE SA 6.027% 5/28/2036 (USD-SOFR + 1.956% on 5/28/2035) <sup>(g)(k)</sup>  | 4510 | 4657 |
| Brown & Brown, Inc. 4.60% 12/23/2026  | 5000 | 5010 |
| Brown & Brown, Inc. 4.70% 6/23/2028  | 1875 | 1882 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 982 | 986 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 958 | 970 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 16665 | 16855 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 16135 | 16549 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(g)(k)</sup>  | 3400 | 3523 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(g)(k)</sup>  | 16902 | 17454 |
| CaixaBank SA 4.885% 7/3/2031 (USD-SOFR + 1.36% on 7/3/2030) <sup>(g)(k)</sup>  | 10191 | 10218 |
| CaixaBank SA 6.84% 9/13/2034 (USD-SOFR + 2.77% on 9/13/2033) <sup>(g)(k)</sup>  | 2000 | 2200 |
| CaixaBank SA 6.037% 6/15/2035 (USD-SOFR + 2.26% on 9/15/2034) <sup>(g)(k)</sup>  | 575 | 603 |
| CaixaBank SA 5.581% 7/3/2036 (USD-SOFR + 1.79% on 7/3/2035) <sup>(g)(k)</sup>  | 362 | 364 |
| Canadian Imperial Bank of Commerce 4.508% 9/11/2027 (USD-SOFR + 0.93% on 9/11/2026) <sup>(k)</sup>  | 3000 | 2999 |
| Canadian Imperial Bank of Commerce 4.631% 9/11/2030 (USD-SOFR + 1.335% on 9/11/2029) <sup>(k)</sup>  | 1272 | 1273 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(k)</sup>  | 742 | 766 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(k)</sup>  | 7067 | 7365 |
| Capital One Financial Corp. 5.884% 7/26/2035 (USD-SOFR + 1.99% on 7/26/2034) <sup>(k)</sup>  | 13869 | 14328 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 765 | 759 |
| Chubb INA Holdings, LLC 4.65% 8/15/2029  | 3000 | 3040 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 8345 | 8440 |
| Citibank, NA 4.914% 5/29/2030  | 9400 | 9550 |
| Citigroup, Inc. 5.61% 9/29/2026 (USD-SOFR + 1.546% on 12/29/2025) <sup>(k)</sup>  | 14295 | 14313 |
| Citigroup, Inc. 3.668% 7/24/2028 (3-month USD CME Term SOFR + 1.652% on 7/24/2027) <sup>(k)</sup>  | 700 | 689 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(k)</sup>  | 11000 | 11060 |
| Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030) <sup>(k)</sup>  | 18363 | 16657 |
| Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) <sup>(k)</sup>  | 4748 | 4146 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(k)</sup>  | 1950 | 1999 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(k)</sup>  | 3532 | 3550 |
| Citizens Financial Group, Inc. 5.841% 1/23/2030 (USD-SOFR + 2.01% on 1/23/2029) <sup>(k)</sup>  | 20140 | 20801 |
| CME Group, Inc. 3.75% 6/15/2028  | 5875 | 5816 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(g)</sup>  | 115458 | 108736 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(g)</sup>  | 83345 | 74668 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(g)</sup>  | 54625 | 50795 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(g)</sup>  | 24745 | 21701 |
| Cooperatieve Rabobank UA 4.375% 8/4/2025  | 7500 | 7500 |
| Corebridge Financial, Inc. 3.65% 4/5/2027  | 7215 | 7111 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 7448 | 7279 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 2303 | 2166 |
| Corebridge Financial, Inc. 4.35% 4/5/2042  | 1622 | 1359 |
| Corebridge Financial, Inc. 4.40% 4/5/2052  | 2907 | 2328 |
| Corebridge Global Funding 5.35% 6/24/2026 <sup>(g)</sup>  | 2500 | 2518 |
| Corebridge Global Funding 5.20% 6/24/2029 <sup>(g)</sup>  | 3000 | 3060 |
| Credit Agricole SA 1.247% 1/26/2027 (USD-SOFR + 0.892% on 1/26/2026) <sup>(g)(k)</sup>  | 4900 | 4820 |
| Danske Bank AS 6.259% 9/22/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.18% on <br>9/22/2025) <sup>(g)(k)</sup>  | 3000 | 3005 |
| Deutsche Bank AG 4.10% 1/13/2026  | 33123 | 33017 |
| Deutsche Bank AG 4.10% 1/13/2026  | 834 | 831 |
| Deutsche Bank AG 2.311% 11/16/2027 (USD-SOFR + 1.219% on 11/16/2026) <sup>(k)</sup>  | 30403 | 29509 |
| Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027) <sup>(k)</sup>  | 76161 | 73896 |
| Deutsche Bank AG 5.706% 2/8/2028 (USD-SOFR + 1.594% on 2/8/2027) <sup>(k)</sup>  | 8098 | 8220 |
| Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028) <sup>(k)</sup>  | 20135 | 21089 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(k)</sup>  | 23447 | 24962 |
| Deutsche Bank AG 4.999% 9/11/2030 (USD-SOFR + 1.70% on 9/11/2029) <sup>(k)</sup>  | 3000 | 3026 |
| Deutsche Bank AG 5.297% 5/9/2031 (USD-SOFR + 1.72% on 5/9/2030) <sup>(k)</sup>  | 16000 | 16271 |
| Deutsche Bank AG 4.95% 8/4/2031 (USD-SOFR + 1.30% on 8/4/2030) <sup>(k)</sup>  | 17000 | 17032 |
| Deutsche Bank AG 3.729% 1/14/2032 (USD-SOFR + 2.757% on 1/14/2031) <sup>(k)</sup>  | 12000 | 11111 |
| DNB Bank ASA 5.896% 10/9/2026 (USD-SOFR + 1.95% on 10/9/2025) <sup>(g)(k)</sup>  | 14750 | 14785 |
| Equitable Holdings, Inc. 5.00% 4/20/2048  | 849 | 747 |
| Fifth Third Bancorp 5.631% 1/29/2032 (USD-SOFR + 1.84% on 1/29/2031) <sup>(k)</sup>  | 5511 | 5710 |
| First Citizens BancShares, Inc. 5.231% 3/12/2031 (USD-SOFR + 1.41% on 3/12/2030) <sup>(k)</sup>  | 20390 | 20504 |
| Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027) <sup>(k)</sup>  | 17500 | 16988 |

---

The Income Fund of America<sub>7</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Goldman Sachs Group, Inc. 4.937% 4/23/2028 (USD-SOFR + 1.319% on 4/23/2027) <sup>(k)</sup>  | USD19,100 | $19220 |
| Goldman Sachs Group, Inc. 4.692% 10/23/2030 (USD-SOFR + 1.135% on 10/23/2029) <sup>(k)</sup>  | 18000 | 17991 |
| Goldman Sachs Group, Inc. 5.536% 1/28/2036 (USD-SOFR + 1.38% on 1/28/2035) <sup>(k)</sup>  | 4111 | 4204 |
| Goldman Sachs Group, Inc. 3.21% 4/22/2042 (USD-SOFR + 1.513% on 4/22/2041) <sup>(k)</sup>  | 7500 | 5604 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(g)</sup>  | 32820 | 32684 |
| Hightower Holding, LLC 9.125% 1/31/2030 <sup>(g)</sup>  | 39065 | 41712 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(g)</sup>  | 26210 | 27164 |
| Howden UK Refinance 2 PLC 8.125% 2/15/2032 <sup>(g)</sup>  | 13920 | 14509 |
| HSBC Holdings PLC 7.39% 11/3/2028 (USD-SOFR + 7.39% on 11/3/2027) <sup>(k)</sup>  | 243 | 257 |
| HSBC Holdings PLC 5.13% 11/19/2028 (USD-SOFR + 1.04% on 11/19/2027) <sup>(k)</sup>  | 15000 | 15160 |
| HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) <sup>(k)</sup>  | 4701 | 4377 |
| HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031) <sup>(k)</sup>  | 2000 | 1782 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(k)</sup>  | 1922 | 1702 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(k)</sup>  | 29241 | 29439 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(k)</sup>  | 298 | 318 |
| HUB International, Ltd. 5.625% 12/1/2029 <sup>(g)</sup>  | 25020 | 24863 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(g)</sup>  | 12698 | 13245 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(g)</sup>  | 25565 | 26636 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.50%) 6.825% 6/20/2030 <sup>(i)(j)</sup>  | 35487 | 35576 |
| Intercontinental Exchange, Inc. 5.25% 6/15/2031  | 4099 | 4239 |
| Intesa Sanpaolo SpA 5.71% 1/15/2026 <sup>(g)</sup>  | 41358 | 41454 |
| Intesa Sanpaolo SpA 3.875% 7/14/2027 <sup>(g)</sup>  | 6150 | 6057 |
| Intesa Sanpaolo SpA 3.875% 1/12/2028 <sup>(g)</sup>  | 2820 | 2760 |
| Intesa Sanpaolo SpA 8.248% 11/21/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 4.40% on <br> 11/21/2032) <sup>(g)(k)</sup>  | 8332 | 9686 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(g)</sup>  | 45895 | 43850 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(g)</sup>  | 20510 | 21003 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(k)</sup>  | 2070 | 2087 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(k)</sup>  | 4000 | 4072 |
| JPMorgan Chase & Co. 3.54% 5/1/2028 (3-month USD CME Term SOFR + 1.642% on 5/1/2027) <sup>(k)</sup>  | 350 | 344 |
| JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) <sup>(k)</sup>  | 6435 | 6488 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(k)</sup>  | 5200 | 5207 |
| JPMorgan Chase & Co. 6.087% 10/23/2029 (USD-SOFR + 1.57% on 10/23/2028) <sup>(k)</sup>  | 6500 | 6810 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(k)</sup>  | 1790 | 1856 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(k)</sup>  | 7515 | 7534 |
| JPMorgan Chase & Co. 5.14% 1/24/2031 (USD-SOFR + 0.90% on 1/24/2030) <sup>(k)</sup>  | 4350 | 4447 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(k)</sup>  | 4835 | 4901 |
| JPMorgan Chase & Co. 5.502% 1/24/2036 (USD-SOFR + 1.315% on 1/24/2035) <sup>(k)</sup>  | 9098 | 9338 |
| JPMorgan Chase & Co. 5.576% 7/23/2036 (USD-SOFR + 1.635% on 7/23/2035) <sup>(k)</sup>  | 1470 | 1493 |
| JPMorgan Chase & Co. 3.328% 4/22/2052 (USD-SOFR + 1.58% on 4/22/2051) <sup>(k)</sup>  | 6250 | 4346 |
| Kasikornbank PCL (Hong Kong Branch) 3.343% 10/2/2031 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 1.70% on 10/2/2026) <sup>(k)</sup>  | 7070 | 6892 |
| KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on <br>1/19/2028) <sup>(g)(k)</sup>  | 2400 | 2470 |
| Liberty Mutual Group, Inc. 4.569% 2/1/2029 <sup>(g)</sup>  | 2929 | 2928 |
| Lloyds Banking Group PLC 4.582% 12/10/2025  | 4600 | 4598 |
| Lloyds Banking Group PLC 3.75% 3/18/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on <br> 3/18/2027) <sup>(k)</sup>  | 9800 | 9669 |
| LPL Holdings, Inc. 4.625% 11/15/2027 <sup>(g)</sup>  | 22510 | 22397 |
| LPL Holdings, Inc. 4.00% 3/15/2029 <sup>(g)</sup>  | 19120 | 18541 |
| LPL Holdings, Inc. 4.375% 5/15/2031 <sup>(g)</sup>  | 21690 | 20747 |
| M&T Bank Corp. 7.413% 10/30/2029 (USD-SOFR + 2.80% on 10/30/2028) <sup>(k)</sup>  | 13352 | 14455 |
| M&T Bank Corp. 6.082% 3/13/2032 (USD-SOFR + 2.26% on 3/13/2031) <sup>(k)</sup>  | 19000 | 19998 |
| Marsh & McLennan Cos., Inc. 4.85% 11/15/2031  | 11250 | 11392 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 7250 | 7237 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 4500 | 4297 |
| Mastercard, Inc. 4.35% 1/15/2032  | 219 | 217 |
| Mastercard, Inc. 4.85% 3/9/2033  | 33 | 33 |
| Metropolitan Life Global Funding I 5.05% 6/11/2027 <sup>(g)</sup>  | 3000 | 3037 |
| Metropolitan Life Global Funding I 5.15% 3/28/2033 <sup>(g)</sup>  | 3578 | 3643 |
| Mizuho Financial Group, Inc. 1.979% 9/8/2031 (3-month USD CME Term SOFR + 1.532% on 9/8/2030) <sup>(k)</sup>  | 3350 | 2928 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(k)</sup>  | 2000 | 2038 |
| Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028) <sup>(k)</sup>  | 2250 | 2283 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(k)</sup>  | 2175 | 2202 |
| Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028) <sup>(k)</sup>  | 10134 | 10299 |
| Morgan Stanley 5.449% 7/20/2029 (USD-SOFR + 1.63% on 7/20/2028) <sup>(k)</sup>  | 2175 | 2233 |

---

---

| | |
|:---|:---|
| **8** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Morgan Stanley 5.042% 7/19/2030 (USD-SOFR + 1.215% on 7/19/2029) <sup>(k)</sup>  | USD6,432 | $6545 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(k)</sup>  | 4037 | 4137 |
| Morgan Stanley 2.699% 1/22/2031 (USD-SOFR + 1.143% on 1/22/2030) <sup>(k)</sup>  | 1001 | 923 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(k)</sup>  | 773 | 790 |
| Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054) <sup>(k)</sup>  | 9586 | 9397 |
| Nasdaq, Inc. 5.55% 2/15/2034  | 871 | 904 |
| Nationstar Mortgage Holdings, Inc. 7.125% 2/1/2032 <sup>(g)</sup>  | 13930 | 14558 |
| Navient Corp. 6.75% 6/15/2026  | 15000 | 15161 |
| Navient Corp. 5.00% 3/15/2027  | 19710 | 19508 |
| Navient Corp. 4.875% 3/15/2028  | 3085 | 3013 |
| Navient Corp. 5.50% 3/15/2029  | 95140 | 93153 |
| Navient Corp. 9.375% 7/25/2030  | 2275 | 2488 |
| Navient Corp. 11.50% 3/15/2031  | 43790 | 49309 |
| Navient Corp. 7.875% 6/15/2032  | 40160 | 41866 |
| Navient Corp. 5.625% 8/1/2033  | 13460 | 12140 |
| New York Life Global Funding 4.55% 1/28/2033 <sup>(g)</sup>  | 3288 | 3233 |
| Northwestern Mutual Global Funding 1.75% 1/11/2027 <sup>(g)</sup>  | 8500 | 8193 |
| Northwestern Mutual Global Funding 4.11% 9/12/2027 <sup>(g)</sup>  | 3000 | 2992 |
| OneMain Finance Corp. 3.875% 9/15/2028  | 9644 | 9205 |
| OneMain Finance Corp. 6.625% 5/15/2029  | 31150 | 31852 |
| OneMain Finance Corp. 5.375% 11/15/2029  | 15380 | 15093 |
| OneMain Finance Corp. 7.875% 3/15/2030  | 26250 | 27657 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 21265 | 21318 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 6010 | 6269 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 34750 | 35905 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 28370 | 29275 |
| Osaic Holdings, Inc. 10.75% 8/1/2027 <sup>(g)</sup>  | 54467 | 54467 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(g)</sup>  | 20000 | 20257 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(g)</sup>  | 17935 | 18240 |
| Osaic Holdings, Inc., Term Loan B4, (3-month USD CME Term SOFR + 3.50%) 7.856% 8/17/2028 <sup>(i)(j)</sup>  | 25210 | 25279 |
| Osaic Holdings, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.00%) 7.343% 7/17/2032 <sup>(i)(j)</sup>  | 36855 | 36920 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(g)</sup>  | 13940 | 13919 |
| PayPal Holdings, Inc. 2.65% 10/1/2026  | 957 | 939 |
| PayPal Holdings, Inc. 2.30% 6/1/2030  | 674 | 612 |
| PennyMac Financial Services, Inc. 6.875% 5/15/2032 <sup>(g)</sup>  | 32290 | 32927 |
| PennyMac Financial Services, Inc. 6.875% 2/15/2033 <sup>(g)</sup>  | 24030 | 24509 |
| Prudential Financial, Inc. 4.35% 2/25/2050  | 5205 | 4278 |
| Prudential Financial, Inc. 3.70% 3/13/2051  | 755 | 552 |
| Rocket Mortgage, LLC 2.875% 10/15/2026 <sup>(g)</sup>  | 12990 | 12677 |
| Rocket Mortgage, LLC 3.625% 3/1/2029 <sup>(g)</sup>  | 6645 | 6282 |
| Royal Bank of Canada 4.522% 10/18/2028 (USD-SOFR + 0.86% on 10/18/2027) <sup>(k)</sup>  | 3000 | 3002 |
| Royal Bank of Canada 4.498% 8/6/2029 (USD-SOFR + 0.89% on 8/6/2028) <sup>(k)</sup>  | 3000 | 3003 |
| Royal Bank of Canada 4.971% 5/2/2031 (USD-SOFR Index + 1.13% on 5/2/2030) <sup>(k)</sup>  | 8250 | 8363 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(g)</sup>  | 30295 | 29106 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(g)</sup>  | 14970 | 15025 |
| Santander Holdings USA, Inc. 6.124% 5/31/2027 (USD-SOFR + 1.232% on 5/31/2026) <sup>(k)</sup>  | 3575 | 3612 |
| Santander Holdings USA, Inc. 2.49% 1/6/2028 (USD-SOFR + 1.249% on 1/6/2027) <sup>(k)</sup>  | 5250 | 5089 |
| Santander Holdings USA, Inc. 6.499% 3/9/2029 (USD-SOFR + 2.356% on 3/9/2028) <sup>(k)</sup>  | 10750 | 11195 |
| Santander Holdings USA, Inc. 5.473% 3/20/2029 (USD-SOFR + 1.61% on 3/20/2028) <sup>(k)</sup>  | 14895 | 15142 |
| Santander Holdings USA, Inc. 6.565% 6/12/2029 (USD-SOFR + 2.70% on 6/12/2028) <sup>(k)</sup>  | 1861 | 1947 |
| Santander Holdings USA, Inc. 6.174% 1/9/2030 (USD-SOFR + 2.50% on 1/9/2029) <sup>(k)</sup>  | 8809 | 9180 |
| Santander Holdings USA, Inc. 5.353% 9/6/2030 (USD-SOFR + 1.94% on 9/6/2029) <sup>(k)</sup>  | 5907 | 6014 |
| SLM Corp. 6.50% 1/31/2030  | 2775 | 2885 |
| Starwood Property Trust, Inc. 4.375% 1/15/2027 <sup>(g)</sup>  | 33055 | 32516 |
| Starwood Property Trust, Inc. 7.25% 4/1/2029 <sup>(g)</sup>  | 17565 | 18392 |
| Starwood Property Trust, Inc. 6.50% 7/1/2030 <sup>(g)</sup>  | 14100 | 14515 |
| Starwood Property Trust, Inc. 6.50% 10/15/2030 <sup>(g)</sup>  | 21170 | 21843 |
| Swiss Re Finance (Luxembourg) SA 5.00% 4/2/2049 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.582% on 4/2/2029) <sup>(g)(k)</sup>  | 1400 | 1400 |
| Synchrony Bank 5.40% 8/22/2025  | 9000 | 8998 |
| Synchrony Bank 5.625% 8/23/2027  | 9000 | 9155 |
| Synchrony Financial 5.019% 7/29/2029 (USD-SOFR Index + 1.395% on 7/29/2028) <sup>(k)</sup>  | 2874 | 2873 |
| Synchrony Financial 5.935% 8/2/2030 (USD-SOFR Index + 2.13% on 8/2/2029) <sup>(k)</sup>  | 14592 | 15002 |
| Synchrony Financial 2.875% 10/28/2031  | 11000 | 9589 |
| Toronto-Dominion Bank (The) 5.298% 1/30/2032  | 4000 | 4107 |
| Truist Financial Corp. 7.161% 10/30/2029 (USD-SOFR + 2.446% on 10/30/2028) <sup>(k)</sup>  | 3163 | 3415 |

---

The Income Fund of America<sub>9</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Truist Insurance Holdings, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.046% 5/6/2032 <sup>(i)(j)</sup>  | USD46,811 | $47922 |
| U.S. Bancorp 2.375% 7/22/2026  | 5000 | 4909 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(k)</sup>  | 7250 | 7383 |
| UBS Group AG 4.125% 9/24/2025 <sup>(g)</sup>  | 4425 | 4421 |
| UBS Group AG 1.364% 1/30/2027 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.08% on <br>1/30/2026) <sup>(g)(k)</sup>  | 2650 | 2607 |
| UBS Group AG 1.305% 2/2/2027 (USD-SOFR + 0.98% on 2/2/2026) <sup>(g)(k)</sup>  | 20134 | 19804 |
| UBS Group AG 1.494% 8/10/2027 (1-year UST Yield Curve Rate T Note Constant Maturity + 0.85% on <br>8/10/2026) <sup>(g)(k)</sup>  | 6000 | 5811 |
| UBS Group AG 4.751% 5/12/2028 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br>5/12/2027) <sup>(g)(k)</sup>  | 1407 | 1412 |
| UBS Group AG 6.442% 8/11/2028 (USD-SOFR + 3.70% on 8/11/2027) <sup>(g)(k)</sup>  | 6152 | 6368 |
| UBS Group AG 3.869% 1/12/2029 (3-month USD CME Term SOFR + 1.672% on 1/12/2028) <sup>(g)(k)</sup>  | 7429 | 7311 |
| UBS Group AG 6.246% 9/22/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on <br>9/22/2028) <sup>(g)(k)</sup>  | 5269 | 5522 |
| UBS Group AG 5.428% 2/8/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on <br>2/8/2029) <sup>(g)(k)</sup>  | 1325 | 1359 |
| UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030) <sup>(g)(k)</sup>  | 3050 | 2983 |
| UniCredit SpA 4.625% 4/12/2027 <sup>(g)</sup>  | 600 | 599 |
| USI, Inc. 7.50% 1/15/2032 <sup>(g)</sup>  | 9555 | 10100 |
| Visa, Inc. 3.15% 12/14/2025  | 6750 | 6718 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(g)</sup>  | 29555 | 31283 |
| Wells Fargo & Co. 4.90% 1/24/2028 (USD-SOFR + 0.78% on 1/24/2027) <sup>(k)</sup>  | 3000 | 3016 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(k)</sup>  | 7575 | 7725 |
| Wells Fargo & Co. 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(k)</sup>  | 4900 | 4719 |
| Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027) <sup>(k)</sup>  | 8248 | 8295 |
| Wells Fargo & Co. 4.97% 4/23/2029 (USD-SOFR + 1.37% on 4/23/2028) <sup>(k)</sup>  | 4250 | 4301 |
| Wells Fargo & Co. 2.572% 2/11/2031 (USD-SOFR + 1.262% on 2/11/2030) <sup>(k)</sup>  | 7350 | 6741 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(k)</sup>  | 10750 | 11757 |
| Westpac Banking Corp. 2.668% 11/15/2035 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on <br> 11/15/2030) <sup>(k)</sup>  | 9400 | 8306 |
| Westpac Banking Corp. 2.963% 11/16/2040  | 4325 | 3203 |
|  |  | 3605180 |
| **Energy 2.10%** | **Energy 2.10%** | **Energy 2.10%** |
| Antero Midstream Partners, LP 5.375% 6/15/2029 <sup>(g)</sup>  | 17795 | 17659 |
| Antero Midstream Partners, LP 6.625% 2/1/2032 <sup>(g)</sup>  | 2430 | 2500 |
| APA Corp. 5.35% 7/1/2049 <sup>(g)</sup>  | 1060 | 848 |
| Archrock Partners, LP 6.625% 9/1/2032 <sup>(g)</sup>  | 2345 | 2382 |
| Ascent Resources Utica Holdings, LLC 9.00% 11/1/2027 <sup>(g)</sup>  | 959 | 1165 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(g)</sup>  | 8625 | 8601 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(g)</sup>  | 25230 | 25686 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(g)</sup>  | 13715 | 13917 |
| Baker Hughes Holdings, LLC 4.486% 5/1/2030  | 1400 | 1401 |
| Baytex Energy Corp. 8.50% 4/30/2030 <sup>(g)</sup>  | 8155 | 8306 |
| Baytex Energy Corp. 7.375% 3/15/2032 <sup>(g)</sup>  | 9285 | 8987 |
| BIP-V Chinook Holdco, LLC 5.50% 6/15/2031 <sup>(g)</sup>  | 36675 | 35855 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(g)</sup>  | 4095 | 4250 |
| Blue Racer Midstream, LLC 7.25% 7/15/2032 <sup>(g)</sup>  | 3045 | 3213 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(g)</sup>  | 49328 | 47379 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(g)</sup>  | 2874 | 2716 |
| California Resources Corp. 7.125% 2/1/2026 <sup>(g)</sup>  | 13137 | 13197 |
| Canadian Natural Resources, Ltd. 3.85% 6/1/2027  | 200 | 198 |
| Canadian Natural Resources, Ltd. 4.95% 6/1/2047  | 534 | 459 |
| Cheniere Energy, Inc. 4.625% 10/15/2028  | 22775 | 22661 |
| Chevron USA, Inc. 4.687% 4/15/2030  | 14181 | 14393 |
| Chord Energy Corp. 6.75% 3/15/2033 <sup>(g)</sup>  | 19230 | 19631 |
| CITGO Petroleum Corp. 8.375% 1/15/2029 <sup>(g)</sup>  | 32845 | 34143 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(g)</sup>  | 16625 | 17117 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(g)</sup>  | 7165 | 7318 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(g)</sup>  | 31405 | 31832 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(g)</sup>  | 5980 | 6156 |
| CNX Midstream Partners, LP 4.75% 4/15/2030 <sup>(g)</sup>  | 8065 | 7627 |
| CNX Resources Corp. 6.00% 1/15/2029 <sup>(g)</sup>  | 37027 | 37039 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(g)</sup>  | 25699 | 26511 |

---

---

| | |
|:---|:---|
| **10** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(g)</sup>  | USD21,990 | $22692 |
| Comstock Resources, Inc. 6.75% 3/1/2029 <sup>(g)</sup>  | 22880 | 22640 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(g)</sup>  | 18845 | 17804 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(g)</sup>  | 47935 | 49151 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029  | 3460 | 3548 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(g)</sup>  | 26270 | 27301 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(g)</sup>  | 11750 | 11492 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(g)</sup>  | 32175 | 30809 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(g)</sup>  | 13055 | 12932 |
| Devon Energy Corp. 4.50% 1/15/2030  | 3138 | 3109 |
| Devon Energy Corp. 5.20% 9/15/2034  | 3183 | 3094 |
| Devon Energy Corp. 5.75% 9/15/2054  | 12317 | 11044 |
| Diamond Foreign Asset Co. 8.50% 10/1/2030 <sup>(g)</sup>  | 4545 | 4741 |
| Diamondback Energy, Inc. 5.40% 4/18/2034  | 500 | 501 |
| Diamondback Energy, Inc. 5.55% 4/1/2035  | 4000 | 4028 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 4982 | 4632 |
| DT Midstream, Inc. 4.125% 6/15/2029 <sup>(g)</sup>  | 8935 | 8610 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(g)</sup>  | 9670 | 9211 |
| Ecopetrol SA 8.875% 1/13/2033  | 65810 | 69065 |
| Encino Acquisition Partners Holdings, LLC 8.75% 5/1/2031 <sup>(g)</sup>  | 10860 | 11991 |
| Energy Transfer, LP 4.75% 1/15/2026  | 6000 | 6000 |
| Energy Transfer, LP 4.20% 4/15/2027  | 2450 | 2436 |
| Energy Transfer, LP 4.00% 10/1/2027  | 1900 | 1882 |
| Energy Transfer, LP 4.95% 6/15/2028  | 1950 | 1971 |
| Energy Transfer, LP 7.375% 2/1/2031 <sup>(g)</sup>  | 14441 | 15106 |
| Eni SpA 5.95% 5/15/2054 <sup>(g)</sup>  | 1780 | 1718 |
| Enterprise Products Operating, LLC 5.05% 1/10/2026  | 8571 | 8587 |
| Enterprise Products Operating, LLC 3.20% 2/15/2052  | 400 | 262 |
| EOG Resources, Inc. 5.00% 7/15/2032  | 3000 | 3024 |
| EOG Resources, Inc. 5.35% 1/15/2036  | 3000 | 3024 |
| EOG Resources, Inc. 5.65% 12/1/2054  | 4909 | 4777 |
| EOG Resources, Inc. 5.95% 7/15/2055  | 4000 | 4043 |
| EQT Corp. 4.75% 1/15/2031 <sup>(g)</sup>  | 4445 | 4381 |
| Equinor ASA 4.25% 11/23/2041  | 3000 | 2657 |
| Expand Energy Corp. 4.75% 2/1/2032  | 650 | 632 |
| Expand Energy Corp. 4.875% 4/15/2032 <sup>(l)</sup>  | 28085 | 110 |
| Exxon Mobil Corp. 2.44% 8/16/2029  | 65 | 61 |
| Genesis Energy, LP 7.75% 2/1/2028  | 15880 | 16050 |
| Genesis Energy, LP 8.25% 1/15/2029  | 28935 | 30205 |
| Genesis Energy, LP 8.875% 4/15/2030  | 31359 | 33223 |
| Genesis Energy, LP 7.875% 5/15/2032  | 22295 | 23077 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(g)</sup>  | 7690 | 8070 |
| Global Partners, LP 7.125% 7/1/2033 <sup>(g)</sup>  | 5730 | 5823 |
| GreenSaif Pipelines Bidco SARL 5.853% 2/23/2036 <sup>(g)</sup>  | 8795 | 9024 |
| GreenSaif Pipelines Bidco SARL 6.129% 2/23/2038  | 6150 | 6403 |
| GreenSaif Pipelines Bidco SARL 6.51% 2/23/2042  | 3555 | 3729 |
| GreenSaif Pipelines Bidco SARL 6.103% 8/23/2042 <sup>(g)</sup>  | 7750 | 7894 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(g)</sup>  | 23275 | 23579 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(g)</sup>  | 18570 | 19321 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(g)</sup>  | 5150 | 5239 |
| Hess Midstream Operations, LP 5.125% 6/15/2028 <sup>(g)</sup>  | 14435 | 14372 |
| Hess Midstream Operations, LP 6.50% 6/1/2029 <sup>(g)</sup>  | 7135 | 7355 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(g)</sup>  | 5020 | 4862 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(g)</sup>  | 8545 | 8589 |
| Hilcorp Energy I, LP 5.75% 2/1/2029 <sup>(g)</sup>  | 1410 | 1386 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(g)</sup>  | 17350 | 17079 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(g)</sup>  | 25185 | 24354 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(g)</sup>  | 3840 | 3690 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(g)</sup>  | 18035 | 18837 |
| Kimmeridge Texas Gas, LLC 8.50% 2/15/2030 <sup>(g)</sup>  | 9105 | 9363 |
| Kinder Morgan Energy Partners, LP 4.70% 11/1/2042  | 33265 | 28679 |
| Kinder Morgan Energy Partners, LP 5.00% 3/1/2043  | 20000 | 17886 |
| Kinder Morgan, Inc. 5.00% 2/1/2029  | 3 | 3 |
| Kinder Morgan, Inc. 5.40% 2/1/2034  | 890 | 899 |
| Kinder Morgan, Inc. 5.45% 8/1/2052  | 264 | 241 |
| Kodiak Gas Services, LLC 7.25% 2/15/2029 <sup>(g)</sup>  | 16690 | 17108 |

---

The Income Fund of America<sub>11</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(g)</sup>  | USD11,845 | $11890 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(g)</sup>  | 10760 | 10687 |
| MEG Energy Corp. 5.875% 2/1/2029 <sup>(g)</sup>  | 230 | 231 |
| Mesquite Energy, Inc. 7.25% 2/15/2023 <sup>(g)(l)</sup>  | 5374 | 20 |
| MPLX, LP 1.75% 3/1/2026  | 1950 | 1917 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 5070 | 4870 |
| Nabors Industries, Inc. 7.375% 5/15/2027 <sup>(g)</sup>  | 14885 | 15036 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(g)</sup>  | 29500 | 29227 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(g)</sup>  | 20780 | 7290 |
| New Fortress Energy, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.50%) 9.807% 10/30/2028 <sup>(i)(j)</sup>  | 1674 | 791 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(g)</sup>  | 296013 | 105161 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(g)</sup>  | 33050 | 33739 |
| Northern Oil and Gas, Inc. 8.125% 3/1/2028 <sup>(g)</sup>  | 43345 | 43805 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(g)</sup>  | 39610 | 40744 |
| NuStar Logistics, LP 6.00% 6/1/2026  | 9165 | 9201 |
| NuStar Logistics, LP 5.625% 4/28/2027  | 6754 | 6793 |
| Occidental Petroleum Corp. 8.50% 7/15/2027  | 13000 | 13697 |
| Occidental Petroleum Corp. 6.375% 9/1/2028  | 10000 | 10365 |
| Occidental Petroleum Corp. 5.20% 8/1/2029  | 8307 | 8334 |
| Occidental Petroleum Corp. 8.875% 7/15/2030  | 34900 | 39804 |
| Occidental Petroleum Corp. 6.625% 9/1/2030  | 42000 | 44365 |
| Occidental Petroleum Corp. 5.375% 1/1/2032  | 23000 | 22823 |
| Occidental Petroleum Corp. 5.55% 10/1/2034  | 34622 | 33984 |
| Occidental Petroleum Corp. 6.45% 9/15/2036  | 4428 | 4510 |
| ONEOK, Inc. 5.65% 11/1/2028  | 500 | 516 |
| Parkland Corp. 4.625% 5/1/2030 <sup>(g)</sup>  | 5545 | 5322 |
| Permian Resources Operating, LLC 8.00% 4/15/2027 <sup>(g)</sup>  | 8455 | 8652 |
| Permian Resources Operating, LLC 5.875% 7/1/2029 <sup>(g)</sup>  | 650 | 651 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(g)</sup>  | 16931 | 18446 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(g)</sup>  | 12880 | 13312 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(g)</sup>  | 13335 | 13427 |
| Petroleos Mexicanos 6.875% 10/16/2025  | 12742 | 12763 |
| Petroleos Mexicanos 4.50% 1/23/2026  | 3000 | 2978 |
| Petroleos Mexicanos 6.875% 8/4/2026  | 24572 | 24686 |
| Petroleos Mexicanos 6.50% 3/13/2027  | 49635 | 49686 |
| Petroleos Mexicanos 6.50% 1/23/2029  | 865 | 863 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 32208 | 33963 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 27282 | 26864 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 41932 | 38947 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 123631 | 117922 |
| Petroleos Mexicanos 10.00% 2/7/2033  | 18000 | 20083 |
| Petroleos Mexicanos 6.50% 6/2/2041  | 2456 | 1947 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 984 | 744 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 23557 | 18263 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 8174 | 6276 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 27894 | 23665 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 44625 | 34473 |
| Plains All American Pipeline, LP 3.80% 9/15/2030  | 450 | 429 |
| Range Resources Corp. 8.25% 1/15/2029  | 11472 | 11771 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(g)</sup>  | 4415 | 4296 |
| Rockies Express Pipeline, LLC 4.95% 7/15/2029 <sup>(g)</sup>  | 11768 | 11550 |
| Saudi Arabian Oil Co. 5.75% 7/17/2054 <sup>(g)</sup>  | 11250 | 10595 |
| Saudi Arabian Oil Co. 5.875% 7/17/2064 <sup>(g)</sup>  | 1000 | 932 |
| Seadrill Finance, Ltd. 8.375% 8/1/2030 <sup>(g)</sup>  | 10965 | 11211 |
| SM Energy Co. 6.50% 7/15/2028  | 2975 | 2996 |
| South Bow USA Infrastructure Holdings, LLC 4.911% 9/1/2027 <sup>(g)</sup>  | 517 | 519 |
| South Bow USA Infrastructure Holdings, LLC 5.026% 10/1/2029 <sup>(g)</sup>  | 3465 | 3463 |
| Suburban Propane Partners, LP 5.00% 6/1/2031 <sup>(g)</sup>  | 6125 | 5758 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(g)</sup>  | 19570 | 19951 |
| Sunoco, LP 6.00% 4/15/2027  | 12160 | 12162 |
| Sunoco, LP 5.875% 3/15/2028  | 12700 | 12676 |
| Sunoco, LP 7.00% 9/15/2028 <sup>(g)</sup>  | 14945 | 15406 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(g)</sup>  | 10240 | 10607 |
| Sunoco, LP 4.50% 5/15/2029  | 12580 | 12204 |
| Sunoco, LP 4.50% 4/30/2030  | 6950 | 6670 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(g)</sup>  | 1385 | 1453 |

---

---

| | |
|:---|:---|
| **12** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Sunoco, LP 6.25% 7/1/2033 <sup>(g)</sup>  | USD14,590 | $14787 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(g)</sup>  | 9082 | 8672 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(g)</sup>  | 7985 | 8191 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(g)</sup>  | 13725 | 14009 |
| Targa Resources Partners, LP 6.875% 1/15/2029  | 9385 | 9581 |
| Tidewater, Inc. 9.125% 7/15/2030 <sup>(g)</sup>  | 4155 | 4361 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 7500 | 6965 |
| TransCanada Pipelines, Ltd. 4.10% 4/15/2030  | 4504 | 4389 |
| Transocean Poseidon, Ltd. 6.875% 2/1/2027 <sup>(g)</sup>  | 22987 | 23043 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(g)</sup>  | 28020 | 28742 |
| Transocean, Inc. 8.00% 2/1/2027 <sup>(g)</sup>  | 2130 | 2116 |
| Transocean, Inc. 8.25% 5/15/2029 <sup>(g)</sup>  | 9080 | 8584 |
| Transocean, Inc. 8.75% 2/15/2030 <sup>(g)</sup>  | 984 | 1021 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(g)</sup>  | 14395 | 13239 |
| Valero Energy Corp. 4.00% 4/1/2029  | 5000 | 4907 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(g)</sup>  | 20300 | 19178 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(g)</sup>  | 7746 | 7961 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(g)</sup>  | 40865 | 37776 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(g)</sup>  | 1040 | 1077 |
| Venture Global LNG, Inc. 7.00% 1/15/2030 <sup>(g)</sup>  | 16110 | 16348 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(g)</sup>  | 63960 | 66201 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(g)</sup>  | 15640 | 16884 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(g)</sup>  | 22745 | 24578 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(g)</sup>  | 15050 | 15492 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(g)</sup>  | 14885 | 16330 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(g)</sup>  | 30550 | 31446 |
| Vital Energy, Inc. 7.875% 4/15/2032 <sup>(g)</sup>  | 15130 | 13294 |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(g)</sup>  | 83543 | 85894 |
|  |  | 2812001 |
| **Consumer discretionary 2.04%** | **Consumer discretionary 2.04%** | **Consumer discretionary 2.04%** |
| Advance Auto Parts, Inc. 5.90% 3/9/2026  | 500 | 503 |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 1525 | 1533 |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 6201 | 5627 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 5274 | 4510 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(g)</sup>  | 1415 | 1423 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.935% 3/11/2030 <sup>(c)(i)(j)</sup>  | 3520 | 3520 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 7.614%) 6.00% PIK and 5.929% <br> Cash 3/11/2030 <sup>(c)(h)(i)(j)</sup>  | 3239 | 3239 |
| Alibaba Group Holding, Ltd. 2.125% 2/9/2031  | 855 | 758 |
| Alibaba Group Holding, Ltd. 4.50% 11/28/2034  | 930 | 899 |
| Alibaba Group Holding, Ltd. 4.00% 12/6/2037  | 239 | 213 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(g)</sup>  | 22900 | 22230 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(g)</sup>  | 25325 | 24670 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(g)</sup>  | 4795 | 4912 |
| Allied Universal Holdco, LLC 7.875% 2/15/2031 <sup>(g)</sup>  | 2280 | 2392 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(g)</sup>  | 23527 | 24506 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(g)</sup>  | 48325 | 46468 |
| Asbury Automotive Group, Inc. 5.00% 2/15/2032 <sup>(g)</sup>  | 4555 | 4312 |
| Bath & Body Works, Inc. 6.875% 11/1/2035  | 14928 | 15384 |
| Bath & Body Works, Inc. 6.75% 7/1/2036  | 15505 | 15716 |
| Belron Finance 2019, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.75%) 7.049% 10/16/2031 <sup>(i)(j)</sup>  | 29141 | 29273 |
| Boyd Gaming Corp. 4.75% 12/1/2027  | 22590 | 22425 |
| Boyd Gaming Corp. 4.75% 6/15/2031 <sup>(g)</sup>  | 11255 | 10727 |
| Boyne USA, Inc. 4.75% 5/15/2029 <sup>(g)</sup>  | 31780 | 30868 |
| Caesars Entertainment, Inc. 4.625% 10/15/2029 <sup>(g)</sup>  | 19495 | 18437 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(g)</sup>  | 35305 | 36440 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(g)</sup>  | 26445 | 26986 |
| Carnival Corp. 5.75% 3/1/2027 <sup>(g)</sup>  | 1470 | 1486 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(g)</sup>  | 1995 | 1939 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(g)</sup>  | 9630 | 10126 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(g)</sup>  | 14000 | 14209 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(g)</sup>  | 56810 | 57266 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(g)</sup>  | 6395 | 6512 |
| Clarios Global, LP 8.50% 5/15/2027 <sup>(g)</sup>  | 15740 | 15865 |

---

The Income Fund of America<sub>13</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(g)</sup>  | USD15,730 | $16657 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(g)</sup>  | 11599 | 11697 |
| Daimler Trucks Finance North America, LLC 5.125% 1/19/2028 <sup>(g)</sup>  | 1108 | 1123 |
| Daimler Trucks Finance North America, LLC 2.375% 12/14/2028 <sup>(g)</sup>  | 3825 | 3564 |
| Daimler Trucks Finance North America, LLC 5.125% 9/25/2029 <sup>(g)</sup>  | 6460 | 6575 |
| Daimler Trucks Finance North America, LLC 5.25% 1/13/2030 <sup>(g)</sup>  | 14370 | 14688 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(g)</sup>  | 35920 | 34176 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(g)</sup>  | 3750 | 3531 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(g)</sup>  | 38200 | 36060 |
| First Student Bidco, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.796% 7/21/2028 <sup>(i)(j)</sup>  | 4447 | 4458 |
| First Student Bidco, Inc., Term Loan C, (3-month USD CME Term SOFR + 2.50%) 6.796% 7/21/2028 <sup>(i)(j)</sup>  | 1423 | 1427 |
| Flutter Treasury DAC 5.875% 6/4/2031 <sup>(g)</sup>  | 10635 | 10712 |
| Ford Motor Co. 4.346% 12/8/2026  | 5000 | 4968 |
| Ford Motor Co. 3.25% 2/12/2032  | 48850 | 41408 |
| Ford Motor Credit Co., LLC 3.375% 11/13/2025  | 7700 | 7662 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 2180 | 2197 |
| Ford Motor Credit Co., LLC 4.271% 1/9/2027  | 8820 | 8692 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 4000 | 4029 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 680 | 675 |
| Ford Motor Credit Co., LLC 4.125% 8/17/2027  | 20420 | 19901 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 7965 | 7693 |
| Ford Motor Credit Co., LLC 2.90% 2/16/2028  | 19180 | 18004 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 9949 | 10032 |
| Ford Motor Credit Co., LLC 6.80% 5/12/2028  | 200 | 206 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 7775 | 8049 |
| Ford Motor Credit Co., LLC 2.90% 2/10/2029  | 17000 | 15480 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 40957 | 41051 |
| Ford Motor Credit Co., LLC 5.113% 5/3/2029  | 16757 | 16401 |
| Ford Motor Credit Co., LLC 5.875% 11/7/2029  | 17805 | 17863 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 1925 | 2026 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 51645 | 47432 |
| Ford Motor Credit Co., LLC 6.05% 3/5/2031  | 53551 | 53722 |
| Ford Motor Credit Co., LLC 3.625% 6/17/2031  | 21447 | 19065 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 114398 | 114520 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 52680 | 53663 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 4501 | 4682 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 20880 | 20834 |
| Gap, Inc. 3.625% 10/1/2029 <sup>(g)</sup>  | 2507 | 2317 |
| Gap, Inc. 3.875% 10/1/2031 <sup>(g)</sup>  | 1670 | 1492 |
| General Motors Co. 5.625% 4/15/2030  | 16000 | 16421 |
| General Motors Co. 6.60% 4/1/2036  | 5110 | 5399 |
| General Motors Co. 6.75% 4/1/2046  | 12230 | 12761 |
| General Motors Financial Co., Inc. 4.90% 10/6/2029  | 2061 | 2058 |
| General Motors Financial Co., Inc. 5.35% 1/7/2030  | 18510 | 18778 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 32462 | 32782 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(g)</sup>  | 5525 | 5692 |
| Grand Canyon University 4.375% 10/1/2026  | 3750 | 3681 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(g)</sup>  | 3355 | 3288 |
| Group 1 Automotive, Inc. 6.375% 1/15/2030 <sup>(g)</sup>  | 12220 | 12470 |
| Hanesbrands, Inc. 9.00% 2/15/2031 <sup>(g)</sup>  | 14012 | 14766 |
| Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) 7.106% 3/7/2032 <sup>(i)(j)</sup>  | 33025 | 33128 |
| Hilton Domestic Operating Co., Inc. 4.875% 1/15/2030  | 30661 | 30262 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(g)</sup>  | 22520 | 21027 |
| Hilton Domestic Operating Co., Inc. 5.75% 9/15/2033 <sup>(g)</sup>  | 31890 | 31940 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(g)</sup>  | 17560 | 16819 |
| Home Depot, Inc. 1.50% 9/15/2028  | 5000 | 4616 |
| Home Depot, Inc. 2.95% 6/15/2029  | 5000 | 4772 |
| Home Depot, Inc. 1.875% 9/15/2031  | 6250 | 5372 |
| Home Depot, Inc. 5.95% 4/1/2041  | 12500 | 13165 |
| Home Depot, Inc. 4.50% 12/6/2048  | 601 | 513 |
| Home Depot, Inc. 5.30% 6/25/2054  | 8500 | 8104 |
| Hyatt Hotels Corp. 5.05% 3/30/2028  | 7086 | 7158 |
| Hyatt Hotels Corp. 5.75% 3/30/2032  | 23992 | 24616 |
| Hyundai Capital America 1.80% 10/15/2025 <sup>(g)</sup>  | 1871 | 1859 |
| Hyundai Capital America 1.30% 1/8/2026 <sup>(g)</sup>  | 9000 | 8864 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(g)</sup>  | 7378 | 7177 |

---

---

| | |
|:---|:---|
| **14** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(g)</sup>  | USD8,611 | $8675 |
| Hyundai Capital America 1.65% 9/17/2026 <sup>(g)</sup>  | 950 | 919 |
| Hyundai Capital America 3.00% 2/10/2027 <sup>(g)</sup>  | 19500 | 19022 |
| Hyundai Capital America 4.85% 3/25/2027 <sup>(g)</sup>  | 25000 | 25091 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(g)</sup>  | 8450 | 8480 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(g)</sup>  | 12573 | 12689 |
| Hyundai Capital America 4.30% 9/24/2027 <sup>(g)</sup>  | 3000 | 2979 |
| Hyundai Capital America 2.375% 10/15/2027 <sup>(g)</sup>  | 2371 | 2256 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(g)</sup>  | 21087 | 21191 |
| Hyundai Capital America 2.10% 9/15/2028 <sup>(g)</sup>  | 4125 | 3814 |
| Hyundai Capital America 5.30% 1/8/2030 <sup>(g)</sup>  | 18000 | 18381 |
| Hyundai Capital America 5.15% 3/27/2030 <sup>(g)</sup>  | 21000 | 21250 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(g)</sup>  | 19013 | 19220 |
| Hyundai Capital America 5.40% 1/8/2031 <sup>(g)</sup>  | 1995 | 2040 |
| Hyundai Capital America 5.40% 6/24/2031 <sup>(g)</sup>  | 4051 | 4144 |
| Hyundai Capital Services, Inc. 1.25% 2/8/2026 <sup>(g)</sup>  | 3490 | 3428 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(g)</sup>  | 38300 | 38033 |
| KB Home 7.25% 7/15/2030  | 10295 | 10612 |
| Kontoor Brands, Inc. 4.125% 11/15/2029 <sup>(g)</sup>  | 5180 | 4827 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(g)</sup>  | 45987 | 44726 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(g)</sup>  | 22295 | 23589 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(g)</sup>  | 41305 | 37882 |
| Light and Wonder International, Inc. 7.00% 5/15/2028 <sup>(g)</sup>  | 15145 | 15170 |
| Light and Wonder International, Inc. 7.25% 11/15/2029 <sup>(g)</sup>  | 3107 | 3197 |
| Light and Wonder International, Inc. 7.50% 9/1/2031 <sup>(g)</sup>  | 7895 | 8235 |
| Lindblad Expeditions, LLC 6.75% 2/15/2027 <sup>(g)</sup>  | 6830 | 6853 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(g)</sup>  | 37385 | 35249 |
| Lithia Motors, Inc. 4.375% 1/15/2031 <sup>(g)</sup>  | 4550 | 4283 |
| Marriott International, Inc. 4.90% 4/15/2029  | 2504 | 2536 |
| Marriott International, Inc. 2.75% 10/15/2033  | 3220 | 2740 |
| Marriott Ownership Resorts, Inc. 4.50% 6/15/2029 <sup>(g)</sup>  | 2595 | 2485 |
| McDonald's Corp. 4.60% 9/9/2032  | 1790 | 1788 |
| McDonald's Corp. 4.95% 3/3/2035  | 12556 | 12521 |
| Melco Resorts Finance, Ltd. 5.75% 7/21/2028 <sup>(g)</sup>  | 11330 | 11121 |
| Mercedes-Benz Finance North America, LLC 5.375% 11/26/2025 <sup>(g)</sup>  | 2850 | 2856 |
| Mercury Aggregator, LP, Term Loan 2, 3.50% 4/3/2026 <sup>(c)(j)</sup>  | 641 | 245 |
| Mercury Aggregator, LP, Term Loan, 13.50% 4/3/2026 (16.00% on 8/3/2025) <sup>(c)(j)(k)</sup>  | 1121 | 428 |
| MGM Resorts International 5.50% 4/15/2027  | 3617 | 3632 |
| NCL Corp., Ltd. 5.875% 2/15/2027 <sup>(g)</sup>  | 19985 | 20057 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(g)</sup>  | 11130 | 11691 |
| Newell Brands Inc. 6.625% 9/15/2029  | 15925 | 15884 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 13545 | 13159 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 3480 | 3337 |
| Nissan Motor Acceptance Corp. 2.00% 3/9/2026 <sup>(g)</sup>  | 16020 | 15718 |
| Nissan Motor Acceptance Corp. 6.95% 9/15/2026 <sup>(g)</sup>  | 1860 | 1889 |
| Nissan Motor Acceptance Corp. 1.85% 9/16/2026 <sup>(g)</sup>  | 17890 | 17178 |
| Nissan Motor Acceptance Corp. 2.75% 3/9/2028 <sup>(g)</sup>  | 19362 | 17962 |
| Nissan Motor Acceptance Corp. 2.45% 9/15/2028 <sup>(g)</sup>  | 9883 | 8938 |
| Nissan Motor Acceptance Corp. 7.05% 9/15/2028 <sup>(g)</sup>  | 9310 | 9599 |
| Nissan Motor Co., Ltd. 3.522% 9/17/2025 <sup>(g)</sup>  | 800 | 798 |
| Nissan Motor Co., Ltd. 4.345% 9/17/2027 <sup>(g)</sup>  | 17914 | 17487 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(g)</sup>  | 39440 | 40715 |
| Nissan Motor Co., Ltd. 4.81% 9/17/2030 <sup>(g)</sup>  | 952 | 876 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(g)</sup>  | 41940 | 43443 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(g)</sup>  | 43015 | 45183 |
| Party City Holdco, Inc. 12.00% PIK 1/11/2029 <sup>(a)(c)(g)(h)(l)</sup>  | 31139 | 623 |
| Penske Automotive Group, Inc. 3.75% 6/15/2029  | 7275 | 6892 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(g)</sup>  | 15445 | 15939 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(g)</sup>  | 22335 | 21739 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(g)</sup>  | 17660 | 18098 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(g)</sup>  | 2000 | 2024 |
| Royal Caribbean Cruises, Ltd. 5.625% 9/30/2031 <sup>(g)</sup>  | 5495 | 5538 |
| Royal Caribbean Cruises, Ltd. 6.00% 2/1/2033 <sup>(g)</sup>  | 15000 | 15257 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 34980 | 35944 |
| Sands China, Ltd. 3.80% 1/8/2026  | 7075 | 7048 |
| Sands China, Ltd. 2.30% 3/8/2027  | 1477 | 1425 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **15** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Sands China, Ltd. 5.40% 8/8/2028  | USD500 | $507 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(g)</sup>  | 5755 | 5548 |
| Scientific Games Holdings, LP, Term Loan, (3-month USD CME Term SOFR + 3.00%) 7.286% 4/4/2029 <sup>(i)(j)</sup>  | 28426 | 28450 |
| Service Corp. International 4.625% 12/15/2027  | 3810 | 3774 |
| Service Corp. International 3.375% 8/15/2030  | 2215 | 2020 |
| Service Corp. International 4.00% 5/15/2031  | 4805 | 4461 |
| Service Corp. International 5.75% 10/15/2032  | 11135 | 11175 |
| Somnigroup International, Inc. 4.00% 4/15/2029 <sup>(g)</sup>  | 4625 | 4398 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(g)</sup>  | 53085 | 51095 |
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(g)</sup>  | 46860 | 44202 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(g)</sup>  | 9665 | 9863 |
| Toyota Motor Credit Corp. 1.90% 1/13/2027  | 8500 | 8220 |
| Travel + Leisure Co. 4.50% 12/1/2029 <sup>(g)</sup>  | 18020 | 17316 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(a)(g)</sup>  | 10760 | 10826 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(a)(g)</sup>  | 22380 | 23016 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(g)</sup>  | 28499 | 25681 |
| Volkswagen Group of America Finance, LLC 4.625% 11/13/2025 <sup>(g)</sup>  | 2075 | 2074 |
| Volkswagen Group of America Finance, LLC 1.25% 11/24/2025 <sup>(g)</sup>  | 3250 | 3215 |
| Volkswagen Group of America Finance, LLC 4.95% 8/15/2029 <sup>(g)</sup>  | 4276 | 4284 |
| Volkswagen Group of America Finance, LLC 6.45% 11/16/2030 <sup>(g)</sup>  | 6880 | 7334 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.75%) 9.041% 7/1/2032 <sup>(i)(j)</sup>  | 16760 | 16793 |
| WASH Multifamily Acquisition, Inc. 5.75% 4/15/2026 <sup>(g)</sup>  | 26005 | 26034 |
| Whirlpool Corp. 6.125% 6/15/2030  | 10405 | 10388 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(g)</sup>  | 20505 | 19912 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(g)</sup>  | 4975 | 4940 |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(g)</sup>  | 12820 | 13643 |
| Wynn Resorts Finance, LLC 6.25% 3/15/2033 <sup>(g)</sup>  | 3505 | 3518 |
|  |  | 2725309 |
| **Communication services 1.97%** | **Communication services 1.97%** | **Communication services 1.97%** |
| Alphabet, Inc. 5.25% 5/15/2055  | 1280 | 1257 |
| Alphabet, Inc. 5.30% 5/15/2065  | 4377 | 4254 |
| AT&T, Inc. 1.65% 2/1/2028  | 5925 | 5548 |
| AT&T, Inc. 3.50% 9/15/2053  | 9669 | 6519 |
| British Telecommunications PLC 9.625% 12/15/2030 <sup>(k)</sup>  | 3261 | 3987 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(g)</sup>  | 7395 | 7262 |
| CCO Holdings, LLC 5.375% 6/1/2029 <sup>(g)</sup>  | 1295 | 1273 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(g)</sup>  | 21307 | 20261 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(g)</sup>  | 41075 | 38460 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(g)</sup>  | 95503 | 87296 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(g)</sup>  | 55115 | 50999 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 84299 | 76552 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(g)</sup>  | 81159 | 72143 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(g)</sup>  | 43414 | 37446 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 11481 | 8909 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 46939 | 30323 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 34569 | 22937 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 7531 | 6214 |
| Charter Communications Operating, LLC 5.50% 4/1/2063  | 8889 | 7281 |
| Clear Channel Outdoor Holdings, Inc. 7.75% 4/15/2028 <sup>(g)</sup>  | 24680 | 23329 |
| Clear Channel Outdoor Holdings, Inc. 7.50% 6/1/2029 <sup>(g)</sup>  | 2400 | 2189 |
| Clear Channel Outdoor Holdings, Inc. 7.125% 2/15/2031 <sup>(g)</sup>  | 33860 | 33834 |
| Comcast Corp. 4.80% 5/15/2033  | 8500 | 8442 |
| Comcast Corp. 5.65% 6/1/2054  | 3000 | 2883 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(g)</sup>  | 159261 | 161023 |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.856% 9/27/2029 <sup>(i)(j)</sup>  | 17730 | 17403 |
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(g)</sup>  | 28125 | 27246 |
| CSC Holdings, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.842% 1/18/2028 <sup>(i)(j)</sup>  | 59342 | 59314 |
| Diamond Sports Net, LLC, Term Loan, 15.00% PIK 1/2/2028 <sup>(h)(j)</sup>  | 719 | 632 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(g)</sup>  | 80985 | 80590 |
| DIRECTV Financing, LLC, Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.57% 8/2/2027 <sup>(i)(j)</sup>  | 1614 | 1621 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(g)</sup>  | 100060 | 104295 |
| EchoStar Corp. 10.75% 11/30/2029  | 67760 | 71457 |
| EchoStar Corp. 6.75% PIK 11/30/2030 <sup>(h)</sup>  | 685 | 650 |
| Embarq, LLC 7.995% 6/1/2036  | 78221 | 38610 |

---

---

| | |
|:---|:---|
| **16** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| Frontier Communications Holdings, LLC 5.00% 5/1/2028 <sup>(g)</sup>  | USD6,015 | $6013 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(g)</sup>  | 78240 | 79051 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 57407 | 58053 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(g)</sup>  | 59229 | 59981 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(g)</sup>  | 22025 | 23073 |
| Frontier Communications Holdings, LLC 8.625% 3/15/2031 <sup>(g)</sup>  | 10275 | 10895 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(g)</sup>  | 88400 | 95729 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(g)</sup>  | 18529 | 13874 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(g)</sup>  | 61198 | 45223 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(g)</sup>  | 25861 | 26106 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.00%) 7.443% 12/1/2028 <sup>(i)(j)</sup>  | 18233 | 18217 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.579% 6/4/2029 <sup>(i)(j)</sup>  | 739 | 740 |
| Lamar Media Corp. 3.625% 1/15/2031  | 8515 | 7840 |
| Ligado Networks, LLC 17.50% PIK 11/1/2023 <sup>(g)(h)(l)</sup>  | 75762 | 25949 |
| Ligado Networks, LLC, Term Loan, 17.50% PIK 10/4/2025 <sup>(c)(h)(j)</sup>  | 16403 | 16403 |
| Live Nation Entertainment, Inc. 4.75% 10/15/2027 <sup>(g)</sup>  | 36840 | 36302 |
| Meta Platforms, Inc. 4.75% 8/15/2034  | 7500 | 7474 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 9457 | 9145 |
| News Corp. 3.875% 5/15/2029 <sup>(g)</sup>  | 13000 | 12423 |
| Nexstar Media, Inc. 5.625% 7/15/2027 <sup>(g)</sup>  | 10315 | 10301 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(g)</sup>  | 107725 | 104792 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(g)</sup>  | 23592 | 22715 |
| Scripps Escrow II, Inc. 3.875% 1/15/2029 <sup>(g)</sup>  | 12000 | 10663 |
| Sinclair Television Group, Inc. 8.125% 2/15/2033 <sup>(g)</sup>  | 24070 | 24567 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(g)</sup>  | 1040 | 1018 |
| Sirius XM Radio, LLC 5.00% 8/1/2027 <sup>(g)</sup>  | 10000 | 9899 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(g)</sup>  | 68675 | 65407 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(g)</sup>  | 9130 | 9024 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(g)</sup>  | 68223 | 62296 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(g)</sup>  | 151340 | 133651 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(g)</sup>  | 28195 | 28931 |
| Take-Two Interactive Software, Inc. 4.00% 4/14/2032  | 3752 | 3554 |
| TEGNA, Inc. 5.00% 9/15/2029  | 12100 | 11642 |
| T-Mobile USA, Inc. 2.05% 2/15/2028  | 9725 | 9181 |
| T-Mobile USA, Inc. 4.95% 3/15/2028  | 5224 | 5290 |
| T-Mobile USA, Inc. 4.80% 7/15/2028  | 7250 | 7339 |
| T-Mobile USA, Inc. 5.125% 5/15/2032  | 6179 | 6271 |
| T-Mobile USA, Inc. 5.30% 5/15/2035  | 7945 | 8009 |
| T-Mobile USA, Inc. 3.40% 10/15/2052  | 3839 | 2563 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(g)</sup>  | 18225 | 18738 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(g)</sup>  | 87729 | 81251 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(g)</sup>  | 38826 | 38651 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(g)</sup>  | 2365 | 2404 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(g)</sup>  | 44300 | 45995 |
| Univision Communications, Inc., Term Loan, (3-month USD CME Term SOFR + 4.25%) 8.546% 6/24/2029 <sup>(i)(j)</sup>  | 575 | 578 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 4318 | 3868 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 5696 | 4899 |
| Verizon Communications, Inc. 5.05% 5/9/2033  | 3816 | 3852 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 10570 | 10616 |
| Verizon Communications, Inc. 3.40% 3/22/2041  | 8500 | 6557 |
| Verizon Communications, Inc. 2.875% 11/20/2050  | 1266 | 785 |
| Verizon Communications, Inc. 2.987% 10/30/2056  | 3235 | 1942 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 1752 | 1719 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 93034 | 87413 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 45160 | 37951 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 44970 | 30099 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 1244 | 770 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(g)</sup>  | 4771 | 4484 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(g)</sup>  | 30599 | 28591 |
| WMG Acquisition Corp. 3.00% 2/15/2031 <sup>(g)</sup>  | 7235 | 6616 |
| X Corp., Term Loan B3, 9.50% 10/26/2029 <sup>(j)</sup>  | 6175 | 6004 |
| X Corp., Term Loan B, (USD-SOFR + 6.50%) 10.958% 10/26/2029 <sup>(i)(j)</sup>  | 1135 | 1108 |
|  |  | 2636934 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **17** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Health care 1.61%** | **Health care 1.61%** | **Health care 1.61%** |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(g)</sup>  | USD45,005 | $45847 |
| AbbVie, Inc. 4.95% 3/15/2031  | 1175 | 1199 |
| AbbVie, Inc. 5.05% 3/15/2034  | 1050 | 1064 |
| AbbVie, Inc. 4.55% 3/15/2035  | 6750 | 6524 |
| AbbVie, Inc. 5.20% 3/15/2035  | 5093 | 5184 |
| AbbVie, Inc. 5.35% 3/15/2044  | 375 | 367 |
| AbbVie, Inc. 4.75% 3/15/2045  | 1203 | 1081 |
| AbbVie, Inc. 5.40% 3/15/2054  | 10500 | 10126 |
| AbbVie, Inc. 5.60% 3/15/2055  | 3451 | 3430 |
| AdaptHealth, LLC 6.125% 8/1/2028 <sup>(g)</sup>  | 12771 | 12703 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(g)</sup>  | 17155 | 16089 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(g)</sup>  | 9115 | 8576 |
| Amgen, Inc. 5.25% 3/2/2030  | 2990 | 3073 |
| Amgen, Inc. 5.25% 3/2/2033  | 7168 | 7314 |
| Amgen, Inc. 5.60% 3/2/2043  | 6753 | 6674 |
| Amgen, Inc. 5.65% 3/2/2053  | 8387 | 8116 |
| Amgen, Inc. 4.40% 2/22/2062  | 3249 | 2503 |
| Amgen, Inc. 5.75% 3/2/2063  | 1847 | 1773 |
| Amneal Pharmaceuticals, LLC 6.875% 8/1/2032 <sup>(g)</sup>  | 455 | 462 |
| AstraZeneca Finance, LLC 1.75% 5/28/2028  | 5612 | 5256 |
| AstraZeneca Finance, LLC 4.90% 2/26/2031  | 4050 | 4153 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 8375 | 8492 |
| AstraZeneca PLC 3.375% 11/16/2025  | 4500 | 4484 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(g)</sup>  | 13220 | 12934 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(g)</sup>  | 28430 | 26835 |
| Bausch + Lomb Corp. 8.375% 10/1/2028 <sup>(g)</sup>  | 17435 | 18200 |
| Bausch Health Americas, Inc. 9.25% 4/1/2026 <sup>(g)</sup>  | 6535 | 6550 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(g)</sup>  | 37720 | 37425 |
| Bausch Health Cos., Inc. 4.875% 6/1/2028 <sup>(g)</sup>  | 365 | 323 |
| Baxter International, Inc. 1.915% 2/1/2027  | 9739 | 9377 |
| Baxter International, Inc. 2.272% 12/1/2028  | 5534 | 5149 |
| Bayer US Finance II, LLC 4.40% 7/15/2044 <sup>(g)</sup>  | 13090 | 10226 |
| Bayer US Finance, LLC 6.125% 11/21/2026 <sup>(g)</sup>  | 9951 | 10110 |
| Bayer US Finance, LLC 6.25% 1/21/2029 <sup>(g)</sup>  | 5902 | 6186 |
| Biocon Biologics Global PLC 6.67% 10/9/2029 <sup>(g)</sup>  | 15000 | 14130 |
| Biocon Biologics Global PLC 6.67% 10/9/2029  | 5000 | 4710 |
| Bristol-Myers Squibb Co. 5.10% 2/22/2031  | 4675 | 4812 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 10525 | 10754 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 1500 | 1452 |
| Bristol-Myers Squibb Co. 5.65% 2/22/2064  | 7000 | 6767 |
| Centene Corp. 4.25% 12/15/2027  | 24109 | 23393 |
| Centene Corp. 2.45% 7/15/2028  | 15555 | 14192 |
| Centene Corp. 4.625% 12/15/2029  | 24871 | 23667 |
| Centene Corp. 3.375% 2/15/2030  | 20203 | 18204 |
| Centene Corp. 3.00% 10/15/2030  | 1760 | 1534 |
| Centene Corp. 2.50% 3/1/2031  | 21973 | 18461 |
| Centene Corp. 2.625% 8/1/2031  | 16982 | 14192 |
| Charles River Laboratories International, Inc. 4.25% 5/1/2028 <sup>(g)</sup>  | 27840 | 27008 |
| CHS / Community Health Systems, Inc. 5.625% 3/15/2027 <sup>(g)</sup>  | 68965 | 69117 |
| CHS / Community Health Systems, Inc. 6.00% 1/15/2029 <sup>(g)</sup>  | 900 | 856 |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(g)</sup>  | 38125 | 33387 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(g)</sup>  | 6570 | 6896 |
| CVS Health Corp. 5.00% 1/30/2029  | 7413 | 7514 |
| CVS Health Corp. 5.40% 6/1/2029  | 9561 | 9817 |
| CVS Health Corp. 5.55% 6/1/2031  | 7012 | 7266 |
| CVS Health Corp. 5.70% 6/1/2034  | 8598 | 8809 |
| CVS Health Corp. 5.875% 6/1/2053  | 1598 | 1516 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(g)</sup>  | 1435 | 1369 |
| DaVita, Inc. 3.75% 2/15/2031 <sup>(g)</sup>  | 20865 | 18939 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(g)</sup>  | 7235 | 7444 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(g)</sup>  | 20730 | 21397 |
| Elevance Health, Inc. 4.90% 2/8/2026  | 4176 | 4176 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 2213 | 2212 |
| Elevance Health, Inc. 5.125% 2/15/2053  | 1296 | 1144 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 14179 | 14424 |
| Encompass Health Corp. 4.50% 2/1/2028  | 13743 | 13523 |

---

---

| | |
|:---|:---|
| **18** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| Encompass Health Corp. 4.75% 2/1/2030  | USD4,560 | $4461 |
| Endo Finance Holdings, Inc. 8.50% 4/15/2031 <sup>(g)</sup>  | 39665 | 42246 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.00%) 8.356% 4/23/2031 <sup>(i)(j)</sup>  | 66031 | 66299 |
| GE HealthCare Technologies, Inc. 4.80% 8/14/2029  | 2726 | 2758 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 7353 | 7580 |
| Gilead Sciences, Inc. 5.55% 10/15/2053  | 3059 | 3006 |
| HCA, Inc. 5.875% 2/15/2026  | 12399 | 12409 |
| HCA, Inc. 3.375% 3/15/2029  | 4074 | 3909 |
| HCA, Inc. 3.625% 3/15/2032  | 4250 | 3913 |
| HCA, Inc. 4.375% 3/15/2042  | 4250 | 3543 |
| HCA, Inc. 4.625% 3/15/2052  | 3997 | 3197 |
| Humana, Inc. 5.375% 4/15/2031  | 6292 | 6420 |
| Humana, Inc. 5.95% 3/15/2034  | 2500 | 2597 |
| Humana, Inc. 5.55% 5/1/2035  | 10618 | 10641 |
| Humana, Inc. 5.75% 4/15/2054  | 3916 | 3641 |
| IQVIA, Inc. 5.00% 5/15/2027 <sup>(g)</sup>  | 11510 | 11452 |
| IQVIA, Inc. 6.50% 5/15/2030 <sup>(g)</sup>  | 37505 | 38698 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(g)</sup>  | 23110 | 23727 |
| Jazz Securities DAC 4.375% 1/15/2029 <sup>(g)</sup>  | 14125 | 13675 |
| Laboratory Corporation of America Holdings 4.55% 4/1/2032  | 3000 | 2948 |
| Laboratory Corporation of America Holdings 4.80% 10/1/2034  | 1309 | 1274 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(g)</sup>  | 7795 | 7439 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(g)</sup>  | 30169 | 30799 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(g)</sup>  | 34500 | 33848 |
| Medline Borrower, LP, Term Loan, (3-month USD CME Term SOFR + 2.25%) 6.577% 10/23/2028 <sup>(i)(j)</sup>  | 12808 | 12830 |
| Medtronic Global Holdings S.C.A. 4.25% 3/30/2028  | 5455 | 5454 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(g)</sup>  | 25995 | 24902 |
| Molina Healthcare, Inc. 3.875% 11/15/2030 <sup>(g)</sup>  | 12815 | 11584 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(g)</sup>  | 86195 | 75318 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(g)</sup>  | 27460 | 27127 |
| Novant Health, Inc. 3.168% 11/1/2051  | 5000 | 3292 |
| Organon & Co. 4.125% 4/30/2028 <sup>(g)</sup>  | 28670 | 27155 |
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(g)</sup>  | 65430 | 56644 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(g)</sup>  | 36520 | 32919 |
| Perrigo Finance Unlimited Co. 6.125% 9/30/2032  | 12895 | 13042 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(g)(h)</sup>  | 36469 | 36059 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(g)</sup>  | 65015 | 65773 |
| Radiology Partners, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.82% 6/26/2032 <sup>(i)(j)</sup>  | 50000 | 50120 |
| Rede D'Or Finance SARL 4.95% 1/17/2028  | 200 | 198 |
| Rede D'Or Finance SARL 4.50% 1/22/2030  | 400 | 381 |
| Roche Holdings, Inc. 4.203% 9/9/2029 <sup>(g)</sup>  | 6953 | 6932 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(g)</sup>  | 3703 | 3640 |
| Summa Health 3.511% 11/15/2051  | 2150 | 1714 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(g)</sup>  | 28690 | 29535 |
| Surgery Center Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) 7.106% 12/19/2030 <sup>(i)(j)</sup>  | 3861 | 3879 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 16803 | 16746 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 4180 | 4178 |
| Tenet Healthcare Corp. 4.625% 6/15/2028  | 5630 | 5539 |
| Tenet Healthcare Corp. 6.125% 10/1/2028  | 17500 | 17512 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 17140 | 16554 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 14510 | 14941 |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | 11453 | 11210 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 47053 | 46760 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 167996 | 173770 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 126860 | 126914 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 11406 | 12452 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2010 | 2276 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 14170 | 14446 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 79475 | 56665 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 27325 | 27743 |
| UnitedHealth Group, Inc. 4.95% 1/15/2032  | 9261 | 9332 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 7300 | 7325 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 11177 | 11299 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **19** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | USD5,300 | $5052 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 9877 | 9885 |
| Viatris, Inc. 4.00% 6/22/2050  | 10186 | 6698 |
|  |  | 2147162 |
| **Real estate 1.17%** | **Real estate 1.17%** | **Real estate 1.17%** |
| Alexandria Real Estate Equities, Inc. 3.95% 1/15/2028  | 975 | 962 |
| Alexandria Real Estate Equities, Inc. 2.75% 12/15/2029  | 4851 | 4492 |
| Alexandria Real Estate Equities, Inc. 3.375% 8/15/2031  | 2375 | 2192 |
| Alexandria Real Estate Equities, Inc. 1.875% 2/1/2033  | 4323 | 3478 |
| American Tower Corp. 3.55% 7/15/2027  | 2525 | 2483 |
| American Tower Corp. 2.30% 9/15/2031  | 2000 | 1735 |
| American Tower Corp. 2.95% 1/15/2051  | 4250 | 2677 |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(g)</sup>  | 54930 | 49105 |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(g)</sup>  | 27230 | 22892 |
| Anywhere Real Estate Group, LLC 7.00% 4/15/2030 <sup>(g)</sup>  | 28400 | 27224 |
| Boston Properties, LP 6.75% 12/1/2027  | 25000 | 26131 |
| Boston Properties, LP 2.90% 3/15/2030  | 2310 | 2122 |
| Boston Properties, LP 3.25% 1/30/2031  | 10206 | 9368 |
| Boston Properties, LP 2.55% 4/1/2032  | 4508 | 3818 |
| Boston Properties, LP 2.45% 10/1/2033  | 12250 | 9831 |
| Boston Properties, LP 6.50% 1/15/2034  | 33896 | 36298 |
| Boston Properties, LP 5.75% 1/15/2035  | 21051 | 21186 |
| Brookfield Property REIT, Inc. 5.75% 5/15/2026 <sup>(g)</sup>  | 6938 | 6926 |
| Equinix, Inc. 1.45% 5/15/2026  | 13335 | 12997 |
| Extra Space Storage, LP 2.35% 3/15/2032  | 1949 | 1662 |
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(g)</sup>  | 37785 | 37969 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(g)</sup>  | 77180 | 76773 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(g)</sup>  | 61605 | 58874 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(g)</sup>  | 84035 | 77436 |
| Invitation Homes Operating Partnership, LP 2.00% 8/15/2031  | 3300 | 2802 |
| Iron Mountain, Inc. 4.875% 9/15/2027 <sup>(g)</sup>  | 6865 | 6817 |
| Iron Mountain, Inc. 5.00% 7/15/2028 <sup>(g)</sup>  | 11466 | 11357 |
| Iron Mountain, Inc. 4.875% 9/15/2029 <sup>(g)</sup>  | 9300 | 9100 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(g)</sup>  | 33830 | 33274 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(g)</sup>  | 43400 | 41085 |
| Iron Mountain, Inc. 6.25% 1/15/2033 <sup>(g)</sup>  | 18170 | 18493 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 41752 | 39303 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 76066 | 70163 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 48253 | 44029 |
| Ladder Capital Finance Holdings LLLP 4.25% 2/1/2027 <sup>(g)</sup>  | 26434 | 25967 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(g)</sup>  | 3335 | 3240 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 16348 | 16386 |
| Ladder Capital Finance Holdings LLLP 7.00% 7/15/2031 <sup>(g)</sup>  | 7535 | 7897 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 178331 | 163765 |
| MPT Operating Partnership, LP 4.625% 8/1/2029  | 14715 | 11200 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 1175 | 801 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(g)</sup>  | 99141 | 103110 |
| Park Intermediate Holdings, LLC 5.875% 10/1/2028 <sup>(g)</sup>  | 5010 | 4995 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(g)</sup>  | 22600 | 21760 |
| Park Intermediate Holdings, LLC 7.00% 2/1/2030 <sup>(g)</sup>  | 8695 | 8912 |
| Pebblebrook Hotel, LP 6.375% 10/15/2029 <sup>(g)</sup>  | 29400 | 29343 |
| Prologis, LP 4.875% 6/15/2028  | 3841 | 3902 |
| Prologis, LP 4.75% 6/15/2033  | 2957 | 2940 |
| Prologis, LP 5.00% 3/15/2034  | 3445 | 3445 |
| Prologis, LP 5.00% 1/31/2035  | 1721 | 1718 |
| Public Storage Operating Co. 1.85% 5/1/2028  | 8037 | 7532 |
| Public Storage Operating Co. 1.95% 11/9/2028  | 8107 | 7536 |
| Public Storage Operating Co. 2.30% 5/1/2031  | 3242 | 2872 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(g)</sup>  | 2120 | 2090 |
| RLJ Lodging Trust, LP 4.00% 9/15/2029 <sup>(g)</sup>  | 6265 | 5852 |
| SBA Communications Corp. 3.125% 2/1/2029  | 2170 | 2024 |
| Scentre Group Trust 1 3.25% 10/28/2025 <sup>(g)</sup>  | 9115 | 9082 |
| Scentre Group Trust 1 3.75% 3/23/2027 <sup>(g)</sup>  | 2500 | 2468 |
| Service Properties Trust 5.25% 2/15/2026  | 4070 | 4042 |

---

---

| | |
|:---|:---|
| **20** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Real estate (continued)** | **Real estate (continued)** | **Real estate (continued)** |
| Service Properties Trust 4.75% 10/1/2026  | USD19,605 | $19306 |
| Service Properties Trust 4.95% 2/15/2027  | 26398 | 25782 |
| Service Properties Trust 5.50% 12/15/2027  | 27165 | 26812 |
| Service Properties Trust 3.95% 1/15/2028  | 56065 | 52320 |
| Service Properties Trust 8.375% 6/15/2029  | 52506 | 54454 |
| Service Properties Trust 4.95% 10/1/2029  | 30822 | 27141 |
| Service Properties Trust 4.375% 2/15/2030  | 34840 | 29556 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(g)</sup>  | 39615 | 42224 |
| Service Properties Trust 8.875% 6/15/2032  | 20406 | 21356 |
| Simon Property Group, LP 3.50% 9/1/2025  | 3250 | 3247 |
| Simon Property Group, LP 2.65% 7/15/2030  | 3350 | 3082 |
| Sun Communities Operating, LP 2.30% 11/1/2028  | 2566 | 2391 |
| Sun Communities Operating, LP 2.70% 7/15/2031  | 1941 | 1715 |
| VICI Properties, LP 4.25% 12/1/2026 <sup>(g)</sup>  | 3660 | 3631 |
| VICI Properties, LP 3.875% 2/15/2029 <sup>(g)</sup>  | 16995 | 16457 |
| VICI Properties, LP 4.625% 12/1/2029 <sup>(g)</sup>  | 140 | 137 |
| VICI Properties, LP 4.125% 8/15/2030 <sup>(g)</sup>  | 14885 | 14229 |
|  |  | 1571773 |
| **Information technology 1.14%** | **Information technology 1.14%** | **Information technology 1.14%** |
| Accenture Capital, Inc. 4.25% 10/4/2031  | 8263 | 8141 |
| Accenture Capital, Inc. 4.50% 10/4/2034  | 7868 | 7618 |
| Acuris Finance US, Inc. 9.00% 8/1/2029 <sup>(g)</sup>  | 16125 | 16466 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(g)</sup>  | 36330 | 39200 |
| Analog Devices, Inc. 5.05% 4/1/2034  | 3616 | 3684 |
| Analog Devices, Inc. 5.30% 4/1/2054  | 4974 | 4784 |
| Booz Allen Hamilton, Inc. 4.00% 7/1/2029 <sup>(g)</sup>  | 17037 | 16496 |
| Broadcom Corp. 3.875% 1/15/2027  | 1134 | 1125 |
| Broadcom, Inc. 3.15% 11/15/2025  | 314 | 313 |
| Broadcom, Inc. 5.05% 7/12/2029  | 3569 | 3644 |
| Broadcom, Inc. 4.35% 2/15/2030  | 3269 | 3246 |
| Broadcom, Inc. 5.15% 11/15/2031  | 938 | 961 |
| Broadcom, Inc. 4.55% 2/15/2032  | 911 | 899 |
| Broadcom, Inc. 4.80% 10/15/2034  | 929 | 912 |
| Broadcom, Inc. 5.20% 7/15/2035  | 20750 | 20856 |
| Broadcom, Inc. 3.187% 11/15/2036 <sup>(g)</sup>  | 239 | 197 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 17098 | 17394 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(g)</sup>  | 48410 | 48922 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(g)</sup>  | 77190 | 79937 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(g)</sup>  | 34950 | 37242 |
| Cloud Software Group, Inc., Term Loan B1, (3-month USD CME Term SOFR + 3.50%) 7.796% 3/29/2029 <sup>(i)(j)</sup>  | 52556 | 52712 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(g)</sup>  | 58864 | 57696 |
| CommScope, LLC 8.25% 3/1/2027 <sup>(g)</sup>  | 63998 | 64317 |
| CommScope, LLC 7.125% 7/1/2028 <sup>(g)</sup>  | 16551 | 16395 |
| CommScope, LLC 9.50% 12/15/2031 <sup>(g)</sup>  | 1290 | 1360 |
| Commscope, LLC, Term Loan, (3-month USD CME Term SOFR + 5.25%) 9.606% 12/17/2029 <sup>(i)(j)</sup>  | 24790 | 25216 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(a)(g)</sup>  | 118485 | 126007 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(g)</sup>  | 18775 | 19066 |
| Ellucian Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 4.75%) 9.106% 11/22/2032 <sup>(i)(j)</sup>  | 5650 | 5818 |
| Entegris, Inc. 3.625% 5/1/2029 <sup>(g)</sup>  | 30000 | 28177 |
| Fair Isaac Corp. 4.00% 6/15/2028 <sup>(g)</sup>  | 16730 | 16174 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(g)</sup>  | 33225 | 33464 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 11.428% 9/13/2029 <sup>(f)(i)(j)</sup>  | 33305 | 33472 |
| Finastra USA, Inc., Term Loan, (3-month USD CME Term SOFR + 7.25%) 11.428% 9/13/2029 <sup>(f)(i)(j)</sup>  | 370 | 372 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 8.349% 7/30/2032 <sup>(i)(j)</sup>  | 18885 | 18696 |
| Gartner, Inc. 4.50% 7/1/2028 <sup>(g)</sup>  | 14275 | 14054 |
| Helios Software Holdings, Inc. 8.75% 5/1/2029 <sup>(g)</sup>  | 43925 | 44839 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 138946 | 128211 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 113302 | 85828 |
| ION Trading Technologies SARL 9.50% 5/30/2029 <sup>(g)</sup>  | 28365 | 29535 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 9.356% 3/20/2033 <sup>(i)(j)</sup>  | 16750 | 16858 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 8175 | 8269 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(g)</sup>  | 59983 | 65036 |
| NCR Voyix Corp. 5.125% 4/15/2029 <sup>(g)</sup>  | 4281 | 4199 |
| Shift4 Payments, LLC 6.75% 8/15/2032 <sup>(g)</sup>  | 14530 | 15020 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **21** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Information technology (continued)** | **Information technology (continued)** | **Information technology (continued)** |
| Synaptics, Inc. 4.00% 6/15/2029 <sup>(g)</sup>  | USD3,700 | $3497 |
| Synopsys, Inc. 5.15% 4/1/2035  | 8029 | 8061 |
| Synopsys, Inc. 5.70% 4/1/2055  | 4101 | 4047 |
| Texas Instruments, Inc. 4.60% 2/8/2029  | 4408 | 4464 |
| Texas Instruments, Inc. 4.85% 2/8/2034  | 2294 | 2319 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(g)</sup>  | 13825 | 14202 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(g)</sup>  | 25298 | 26586 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(g)</sup>  | 95464 | 95094 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(g)</sup>  | 27508 | 25957 |
| Viasat, Inc. 7.50% 5/30/2031 <sup>(g)</sup>  | 68280 | 59537 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.971% 3/2/2029 <sup>(i)(j)</sup>  | 24324 | 24005 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.954% 5/30/2030 <sup>(i)(j)</sup>  | 4500 | 4429 |
| Viavi Solutions, Inc. 3.75% 10/1/2029 <sup>(g)</sup>  | 4675 | 4328 |
| Wolfspeed, Inc. 2.00% PIK and 9.875% Cash 6/23/2030 (13.875% on 6/22/2026) <sup>(f)(h)(k)</sup>  | 11674 | 12374 |
| Wolfspeed, Inc. 2.00% PIK and 9.875% Cash 6/23/2030 (13.875% on 6/23/2026) <sup>(f)(h)(k)</sup>  | 9164 | 9714 |
| Xerox Holdings Corp. 5.50% 8/15/2028 <sup>(g)</sup>  | 830 | 551 |
|  |  | 1521993 |
| **Industrials 1.00%** | **Industrials 1.00%** | **Industrials 1.00%** |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(g)</sup>  | 15509 | 15925 |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(g)</sup>  | 920 | 881 |
| AECOM 6.00% 8/1/2033 <sup>(g)</sup>  | 2240 | 2260 |
| Air Lease Corp. 2.875% 1/15/2026  | 5916 | 5865 |
| Air Lease Corp. 2.20% 1/15/2027  | 934 | 904 |
| Allison Transmission, Inc. 3.75% 1/30/2031 <sup>(g)</sup>  | 25185 | 23033 |
| Amentum Escrow Corp., Term Loan, (3-month USD CME Term SOFR + 2.25%) 6.606% 9/29/2031 <sup>(i)(j)</sup>  | 21060 | 20965 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(g)</sup>  | 24235 | 25089 |
| American Airlines, Inc. 8.50% 5/15/2029 <sup>(g)</sup>  | 11890 | 12434 |
| Americold Realty Operating Partnership, LP 5.60% 5/15/2032  | 9660 | 9675 |
| Aramark Services, Inc. 5.00% 2/1/2028 <sup>(g)</sup>  | 39000 | 38657 |
| ATI, Inc. 4.875% 10/1/2029  | 30055 | 29411 |
| ATI, Inc. 7.25% 8/15/2030  | 14815 | 15542 |
| ATI, Inc. 5.125% 10/1/2031  | 15485 | 15046 |
| Avis Budget Car Rental, LLC 5.75% 7/15/2027 <sup>(g)</sup>  | 10553 | 10532 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(g)</sup>  | 18760 | 17979 |
| Avis Budget Car Rental, LLC 8.25% 1/15/2030 <sup>(g)</sup>  | 4805 | 4949 |
| Avis Budget Car Rental, LLC 8.00% 2/15/2031 <sup>(g)</sup>  | 6700 | 6847 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(g)</sup>  | 4825 | 4940 |
| BAE Systems PLC 5.125% 3/26/2029 <sup>(g)</sup>  | 6670 | 6825 |
| BAE Systems PLC 5.25% 3/26/2031 <sup>(g)</sup>  | 5564 | 5728 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(g)</sup>  | 6357 | 6502 |
| BAE Systems PLC 5.50% 3/26/2054 <sup>(g)</sup>  | 1175 | 1156 |
| Boeing Co. (The) 3.10% 5/1/2026  | 500 | 494 |
| Boeing Co. (The) 5.04% 5/1/2027  | 4500 | 4528 |
| Boeing Co. (The) 3.25% 3/1/2028  | 1025 | 991 |
| Boeing Co. (The) 6.298% 5/1/2029  | 7822 | 8261 |
| Boeing Co. (The) 5.15% 5/1/2030  | 7095 | 7212 |
| Boeing Co. (The) 3.625% 2/1/2031  | 2720 | 2567 |
| Boeing Co. (The) 6.388% 5/1/2031  | 2425 | 2610 |
| Boeing Co. (The) 3.60% 5/1/2034  | 5750 | 5082 |
| Boeing Co. (The) 6.528% 5/1/2034  | 25611 | 27886 |
| Boeing Co. (The) 3.90% 5/1/2049  | 800 | 581 |
| Boeing Co. (The) 5.805% 5/1/2050  | 8550 | 8260 |
| Boeing Co. (The) 6.858% 5/1/2054  | 3988 | 4388 |
| Boeing Co. (The) 7.008% 5/1/2064  | 2350 | 2596 |
| Brink's Co. (The) 4.625% 10/15/2027 <sup>(g)</sup>  | 12800 | 12623 |
| Brink's Co. (The) 6.50% 6/15/2029 <sup>(g)</sup>  | 4755 | 4876 |
| Brink's Co. (The) 6.75% 6/15/2032 <sup>(g)</sup>  | 7500 | 7733 |
| Burlington Northern Santa Fe, LLC 3.55% 2/15/2050  | 8500 | 6170 |
| BWX Technologies, Inc. 4.125% 6/30/2028 <sup>(g)</sup>  | 5190 | 5027 |
| BWX Technologies, Inc. 4.125% 4/15/2029 <sup>(g)</sup>  | 8595 | 8257 |
| Canadian Pacific Railway Co. 1.75% 12/2/2026  | 3015 | 2909 |
| Canadian Pacific Railway Co. 5.20% 3/30/2035  | 4698 | 4758 |
| Canadian Pacific Railway, Co. 3.00% 12/2/2041  | 1028 | 746 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 3204 | 2095 |

---

---

| | |
|:---|:---|
| **22** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Chart Industries, Inc. 7.50% 1/1/2030 <sup>(g)</sup>  | USD11,063 | $11603 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(g)</sup>  | 12595 | 12050 |
| Clarivate Science Holdings Corp. 4.875% 7/1/2029 <sup>(g)</sup>  | 25820 | 24202 |
| Clean Harbors, Inc. 5.125% 7/15/2029 <sup>(g)</sup>  | 2575 | 2535 |
| Clean Harbors, Inc. 6.375% 2/1/2031 <sup>(g)</sup>  | 17399 | 17793 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(g)</sup>  | 81186 | 76595 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 3.50%) 7.971% 6/2/2028 <sup>(i)(j)</sup>  | 24753 | 24726 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.50%) 10.971% 6/4/2029 <sup>(i)(j)</sup>  | 14000 | 13749 |
| CSX Corp. 3.80% 3/1/2028  | 1300 | 1285 |
| CSX Corp. 5.05% 6/15/2035  | 12097 | 12097 |
| Dun & Bradstreet Corp. (The) 5.00% 12/15/2029 <sup>(g)</sup>  | 16480 | 16868 |
| Enviri Corp. 5.75% 7/31/2027 <sup>(g)</sup>  | 10085 | 9929 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(g)</sup>  | 4535 | 4785 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(g)</sup>  | 14780 | 15750 |
| FTAI Aviation Investors, LLC 5.50% 5/1/2028 <sup>(g)</sup>  | 30400 | 30350 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(g)</sup>  | 10430 | 10753 |
| General Dynamics Corp. 3.625% 4/1/2030  | 5433 | 5276 |
| General Electric Co. 4.30% 7/29/2030  | 1886 | 1878 |
| General Electric Co. 4.90% 1/29/2036  | 726 | 724 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(g)</sup>  | 19575 | 20055 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(g)</sup>  | 18605 | 19241 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(g)</sup>  | 7940 | 8228 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 17684 | 17584 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 42205 | 41154 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 1100 | 1112 |
| Icahn Enterprises, LP 4.375% 2/1/2029  | 21525 | 18478 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(g)</sup>  | 965 | 978 |
| L3Harris Technologies, Inc. 5.40% 7/31/2033  | 7430 | 7629 |
| Lockheed Martin Corp. 5.10% 11/15/2027  | 3305 | 3370 |
| Lockheed Martin Corp. 4.45% 5/15/2028  | 7873 | 7922 |
| Lockheed Martin Corp. 5.70% 11/15/2054  | 6148 | 6146 |
| Mexico City Airport Trust 3.875% 4/30/2028 <sup>(g)</sup>  | 770 | 750 |
| Mexico City Airport Trust 5.50% 10/31/2046  | 2303 | 1957 |
| Mexico City Airport Trust 5.50% 7/31/2047  | 4482 | 3729 |
| Mexico City Airport Trust 5.50% 7/31/2047 <sup>(g)</sup>  | 215 | 179 |
| Miter Brands Acquisition Holdco, Inc. 6.75% 4/1/2032 <sup>(g)</sup>  | 9224 | 9423 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(g)</sup>  | 16909 | 16536 |
| Mueller Water Products, Inc. 4.00% 6/15/2029 <sup>(g)</sup>  | 5110 | 4887 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(g)</sup>  | 2570 | 2508 |
| Norfolk Southern Corp. 4.45% 3/1/2033  | 3847 | 3755 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 5539 | 5565 |
| Norfolk Southern Corp. 3.05% 5/15/2050  | 1727 | 1126 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 17005 | 16202 |
| Northrop Grumman Corp. 3.25% 1/15/2028  | 7495 | 7308 |
| Otis Worldwide Corp. 2.293% 4/5/2027  | 1940 | 1874 |
| Paychex, Inc. 5.60% 4/15/2035  | 814 | 837 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 8.206% 2/1/2028 <sup>(i)(j)</sup>  | 4437 | 3964 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(g)</sup>  | 1595 | 1646 |
| RB Global Holdings, Inc. 7.75% 3/15/2031 <sup>(g)</sup>  | 11040 | 11584 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(g)</sup>  | 19365 | 18511 |
| RTX Corp. 1.90% 9/1/2031  | 6250 | 5333 |
| RTX Corp. 5.15% 2/27/2033  | 9542 | 9746 |
| RTX Corp. 5.375% 2/27/2053  | 3947 | 3757 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(g)</sup>  | 24455 | 25812 |
| Sensata Technologies BV 4.00% 4/15/2029 <sup>(g)</sup>  | 19310 | 18370 |
| Sensata Technologies, Inc. 3.75% 2/15/2031 <sup>(g)</sup>  | 26288 | 24010 |
| Siemens Funding BV 5.80% 5/28/2055 <sup>(g)</sup>  | 11564 | 11994 |
| Siemens Funding BV 5.90% 5/28/2065 <sup>(g)</sup>  | 10833 | 11327 |
| Spirit AeroSystems, Inc. 4.60% 6/15/2028  | 485 | 478 |
| Spirit AeroSystems, Inc. 9.375% 11/30/2029 <sup>(g)</sup>  | 2065 | 2185 |
| Spirit AeroSystems, Inc. 9.75% 11/15/2030 <sup>(g)</sup>  | 625 | 688 |
| Standard Building Solutions, Inc. 6.25% 8/1/2033 <sup>(g)</sup>  | 10880 | 10992 |
| TransDigm, Inc. 6.75% 8/15/2028 <sup>(g)</sup>  | 11790 | 12045 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(g)</sup>  | 14590 | 14950 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(g)</sup>  | 2580 | 2656 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(g)</sup>  | 25665 | 25892 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **23** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Triton Container International, Ltd. 3.15% 6/15/2031 <sup>(g)</sup>  | USD7,222 | $6269 |
| Union Pacific Corp. 2.40% 2/5/2030  | 1931 | 1774 |
| Union Pacific Corp. 5.10% 2/20/2035  | 6058 | 6128 |
| Union Pacific Corp. 2.891% 4/6/2036  | 2495 | 2050 |
| Union Pacific Corp. 3.50% 2/14/2053  | 1671 | 1176 |
| Union Pacific Corp. 5.60% 12/1/2054  | 9163 | 9076 |
| United Rentals (North America), Inc. 5.25% 1/15/2030  | 6840 | 6828 |
| United Rentals (North America), Inc. 3.875% 2/15/2031  | 21600 | 20173 |
| United Rentals (North America), Inc. 3.75% 1/15/2032  | 10985 | 10016 |
| United Rentals (North America), Inc. 6.125% 3/15/2034 <sup>(g)</sup>  | 29140 | 29914 |
| Varanasi Aurangabad Nh-2 Tollway Private, Ltd. 5.90% 2/28/2034 <sup>(g)</sup>  | 975 | 1003 |
| Virgin Australia Holdings, Ltd. 7.875% 10/15/2021 <sup>(g)(l)</sup>  | 1633 | 12 |
| Waste Pro USA, Inc. 7.00% 2/1/2033 <sup>(g)</sup>  | 7165 | 7452 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(g)</sup>  | 6435 | 6525 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(g)</sup>  | 20920 | 21612 |
| WESCO Distribution, Inc. 6.375% 3/15/2033 <sup>(g)</sup>  | 25770 | 26403 |
| XPO, Inc. 6.25% 6/1/2028 <sup>(g)</sup>  | 4950 | 5039 |
| XPO, Inc. 7.125% 6/1/2031 <sup>(g)</sup>  | 6765 | 7005 |
| XPO, Inc. 7.125% 2/1/2032 <sup>(g)</sup>  | 14878 | 15479 |
|  |  | 1333150 |
| **Materials 0.97%** | **Materials 0.97%** | **Materials 0.97%** |
| Air Products and Chemicals, Inc. 1.85% 5/15/2027  | 1607 | 1542 |
| Alliance Resource Operating Partners, LP 8.625% 6/15/2029 <sup>(g)</sup>  | 7629 | 8088 |
| ARD Finance SA 7.25% PIK 6/30/2027 <sup>(g)(h)</sup>  | 17714 | 1318 |
| Avient Corp. 7.125% 8/1/2030 <sup>(g)</sup>  | 6900 | 7093 |
| Avient Corp. 6.25% 11/1/2031 <sup>(g)</sup>  | 7115 | 7147 |
| Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/2031 <sup>(g)</sup>  | 7585 | 7897 |
| Axalta Coating Systems, LLC 4.75% 6/15/2027 <sup>(g)</sup>  | 14076 | 13963 |
| Ball Corp. 6.875% 3/15/2028  | 19100 | 19511 |
| Ball Corp. 6.00% 6/15/2029  | 24810 | 25282 |
| Ball Corp. 2.875% 8/15/2030  | 1540 | 1384 |
| Ball Corp. 3.125% 9/15/2031  | 20755 | 18593 |
| CAN-PACK SA 3.875% 11/15/2029 <sup>(g)</sup>  | 21747 | 20275 |
| Capstone Copper Corp. 6.75% 3/31/2033 <sup>(g)</sup>  | 8275 | 8439 |
| Celanese US Holdings, LLC 6.665% 7/15/2027  | 34028 | 34900 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 22109 | 23034 |
| Celanese US Holdings, LLC 6.83% 7/15/2029  | 18697 | 19436 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 2890 | 2925 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 34843 | 36319 |
| Celanese US Holdings, LLC 6.75% 4/15/2033  | 30235 | 30523 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 3430 | 3584 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2027  | 1300 | 1296 |
| Cleveland-Cliffs, Inc. 5.875% 6/1/2027  | 50625 | 50700 |
| Cleveland-Cliffs, Inc. 4.625% 3/1/2029 <sup>(g)</sup>  | 33580 | 31681 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(g)</sup>  | 37251 | 37302 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(g)</sup>  | 36895 | 36747 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(g)</sup>  | 6700 | 5952 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(g)</sup>  | 58500 | 58450 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(g)</sup>  | 24110 | 23552 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(g)</sup>  | 16699 | 16272 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 <sup>(g)</sup>  | 3465 | 2919 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(g)</sup>  | 12905 | 12143 |
| CRH America, Inc. 5.125% 5/18/2045 <sup>(g)</sup>  | 350 | 324 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(g)</sup>  | 6135 | 6095 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 4901 | 4799 |
| Dow Chemical Co. (The) 4.80% 5/15/2049  | 2075 | 1659 |
| Dow Chemical Co. (The) 3.60% 11/15/2050  | 10215 | 6748 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 8500 | 7884 |
| Element Solutions, Inc. 3.875% 9/1/2028 <sup>(g)</sup>  | 21085 | 20331 |
| First Quantum Minerals, Ltd. 6.875% 10/15/2027 <sup>(g)</sup>  | 47346 | 47460 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(g)</sup>  | 75515 | 80118 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(g)</sup>  | 35598 | 31994 |
| FXI Holdings, Inc. 12.25% 11/15/2026 <sup>(g)</sup>  | 24259 | 21772 |
| INEOS Finance PLC 6.75% 5/15/2028 <sup>(g)</sup>  | 16310 | 16078 |

---

---

| | |
|:---|:---|
| **24** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |
| INEOS Finance PLC 7.50% 4/15/2029 <sup>(g)</sup>  | USD6,920 | $6878 |
| International Flavors & Fragrances, Inc. 1.832% 10/15/2027 <sup>(g)</sup>  | 749 | 705 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(g)</sup>  | 4385 | 4403 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(g)</sup>  | 18400 | 18605 |
| Kaiser Aluminum Corp. 4.625% 3/1/2028 <sup>(g)</sup>  | 20295 | 19856 |
| Linde, Inc. 1.10% 8/10/2030  | 3657 | 3142 |
| LSB Industries, Inc. 6.25% 10/15/2028 <sup>(g)</sup>  | 445 | 438 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 1087 | 1115 |
| Mercer International, Inc. 12.875% 10/1/2028 <sup>(g)</sup>  | 395 | 399 |
| Methanex Corp. 5.125% 10/15/2027  | 57263 | 57020 |
| Methanex Corp. 5.25% 12/15/2029  | 2380 | 2359 |
| Methanex Corp. 5.65% 12/1/2044  | 450 | 352 |
| Methanex US Operations, Inc. 6.25% 3/15/2032 <sup>(g)</sup>  | 6400 | 6349 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(g)</sup>  | 11045 | 11232 |
| Mineral Resources, Ltd. 8.125% 5/1/2027 <sup>(g)</sup>  | 12120 | 12167 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(g)</sup>  | 14800 | 15060 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(g)</sup>  | 23240 | 24318 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(g)</sup>  | 12175 | 12476 |
| NOVA Chemicals Corp. 5.25% 6/1/2027 <sup>(g)</sup>  | 13410 | 13368 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(g)</sup>  | 5320 | 5085 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(g)</sup>  | 6685 | 7192 |
| NOVA Chemicals Corp. 7.00% 12/1/2031 <sup>(g)</sup>  | 8425 | 8803 |
| Novelis Corp. 4.75% 1/30/2030 <sup>(g)</sup>  | 7523 | 7212 |
| Novelis Corp. 3.875% 8/15/2031 <sup>(g)</sup>  | 8912 | 8002 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(g)</sup>  | 6685 | 6860 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(g)</sup>  | 13290 | 13639 |
| Quikrete Holdings, Inc., Term Loan B3, (3-month USD CME Term SOFR + 2.25%) 6.606% 2/10/2032 <sup>(i)(j)</sup>  | 5416 | 5420 |
| Rio Tinto Finance (USA) PLC 5.25% 3/14/2035  | 2899 | 2944 |
| Rio Tinto Finance (USA) PLC 5.75% 3/14/2055  | 6838 | 6850 |
| Samarco Mineracao SA 9.06% PIK 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(h)(k)</sup>  | 2008 | 1990 |
| Samarco Mineracao SA 9.06% PIK 6/30/2031 (5.00% PIK and 4.00% Cash on 12/30/2025) <sup>(g)(h)(k)</sup>  | 517 | 512 |
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(g)</sup>  | 64170 | 62364 |
| SCIH Salt Holdings, Inc. 6.625% 5/1/2029 <sup>(g)</sup>  | 38225 | 37821 |
| Sealed Air Corp. 4.00% 12/1/2027 <sup>(g)</sup>  | 19239 | 18696 |
| Sealed Air Corp. 6.125% 2/1/2028 <sup>(g)</sup>  | 30890 | 31205 |
| Sherwin-Williams Co. 4.50% 8/15/2030  | 1600 | 1595 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 774 | 773 |
| Trivium Packaging Finance BV 8.25% 7/15/2030 <sup>(g)</sup>  | 6750 | 7112 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 2.00%) 8.00% PIK and 6.261% Cash <br>1/16/2026 <sup>(c)(h)(i)(j)</sup>  | 9235 | 5079 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 8.00% PIK and 6.299% Cash <br>7/16/2026 <sup>(c)(h)(i)(j)</sup>  | 9286 | 5107 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 8.00% PIK and 6.322% Cash 10/12/2028 <sup>(c)(h)(i)(j)</sup>  | 15284 | 8406 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(g)</sup>  | 23007 | 23320 |
| Westlake Corp. 5.00% 8/15/2046  | 350 | 302 |
| Westlake Corp. 4.375% 11/15/2047  | 300 | 234 |
|  |  | 1300294 |
| **Utilities 0.78%** | **Utilities 0.78%** | **Utilities 0.78%** |
| American Electric Power Co., Inc. 4.30% 12/1/2028  | 2280 | 2270 |
| American Water Capital Corp. 2.80% 5/1/2030  | 950 | 881 |
| Calpine Corp. 5.125% 3/15/2028 <sup>(g)</sup>  | 12315 | 12264 |
| Cleveland Electric Illuminating Co. (The) 3.50% 4/1/2028 <sup>(g)</sup>  | 2500 | 2421 |
| Colbun SA 3.95% 10/11/2027 <sup>(g)</sup>  | 550 | 544 |
| Comision Federal de Electricidad 4.688% 5/15/2029 <sup>(g)</sup>  | 14525 | 14099 |
| Comision Federal de Electricidad 3.348% 2/9/2031  | 9000 | 7878 |
| Comision Federal de Electricidad 3.875% 7/26/2033  | 7531 | 6384 |
| Comision Federal de Electricidad 6.45% 1/24/2035 <sup>(g)</sup>  | 8000 | 7883 |
| Commonwealth Edison Co. 3.85% 3/15/2052  | 3848 | 2896 |
| Connecticut Light and Power Co. (The) 4.95% 8/15/2034  | 3300 | 3292 |
| Consumers Energy Co. 4.50% 1/15/2031  | 3500 | 3496 |
| Consumers Energy Co. 4.625% 5/15/2033  | 5826 | 5746 |
| Consumers Energy Co. 5.05% 5/15/2035  | 4283 | 4301 |
| DTE Energy Co. 4.95% 7/1/2027  | 1075 | 1085 |
| Duke Energy Indiana, LLC 4.90% 7/15/2043  | 12285 | 11231 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **25** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| Duke Energy Indiana, LLC 3.25% 10/1/2049  | USD1,727 | $1174 |
| Duke Energy Progress, LLC 4.15% 12/1/2044  | 987 | 807 |
| Edison International 4.125% 3/15/2028  | 7020 | 6810 |
| Edison International 5.25% 11/15/2028  | 10044 | 9979 |
| Edison International 5.45% 6/15/2029  | 10832 | 10767 |
| Edison International 6.95% 11/15/2029  | 3900 | 4070 |
| Edison International 6.25% 3/15/2030  | 11743 | 11932 |
| Edison International 5.25% 3/15/2032  | 16500 | 15818 |
| Electricite de France SA 6.25% 5/23/2033 <sup>(g)</sup>  | 5121 | 5504 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 12/31/2079) <sup>(g)(k)</sup>  | 4000 | 4594 |
| Emera, Inc. 6.75% 6/15/2076 (3-month USD CME Term SOFR + 5.702% on 6/15/2026) <sup>(k)</sup>  | 35774 | 36122 |
| Eversource Energy 5.50% 1/1/2034  | 1650 | 1679 |
| FirstEnergy Corp. 1.60% 1/15/2026  | 989 | 974 |
| FirstEnergy Corp. 2.65% 3/1/2030  | 2500 | 2295 |
| FirstEnergy Corp. 2.25% 9/1/2030  | 150 | 133 |
| FirstEnergy Corp., Series B, 3.90% 7/15/2027  | 45859 | 45313 |
| FirstEnergy Transmission, LLC 2.866% 9/15/2028 <sup>(g)</sup>  | 4325 | 4118 |
| Georgia Power Co. 3.70% 1/30/2050  | 1200 | 897 |
| Israel Electric Corp., Ltd. 8.10% 12/15/2096 <sup>(g)</sup>  | 4905 | 6479 |
| Ithaca Energy (North sea) PLC 8.125% 10/15/2029 <sup>(g)</sup>  | 11310 | 11688 |
| Long Ridge Energy, LLC, 8.75% 2/15/2032 <sup>(g)</sup>  | 22185 | 23026 |
| MI Windows and Doors, LLC, Term Loan B2, (3-month USD CME Term SOFR + 2.75%) 7.106% 3/28/2031 <sup>(i)(j)</sup>  | 8242 | 8267 |
| MidAmerican Energy Co. 5.85% 9/15/2054  | 2325 | 2378 |
| NextEra Energy Capital Holdings, Inc. 4.685% 9/1/2027  | 850 | 854 |
| Northern States Power Co. 2.60% 6/1/2051  | 572 | 345 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 42725 | 42433 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 21350 | 21116 |
| Pacific Gas and Electric Co. 5.45% 6/15/2027  | 4214 | 4269 |
| Pacific Gas and Electric Co. 2.10% 8/1/2027  | 750 | 712 |
| Pacific Gas and Electric Co. 3.30% 12/1/2027  | 18970 | 18329 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 9085 | 8653 |
| Pacific Gas and Electric Co. 3.75% 7/1/2028  | 11090 | 10768 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 8064 | 8015 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 60641 | 59508 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 14481 | 12652 |
| Pacific Gas and Electric Co. 3.25% 6/1/2031  | 7828 | 7077 |
| Pacific Gas and Electric Co. 4.40% 3/1/2032  | 458 | 435 |
| Pacific Gas and Electric Co. 5.90% 6/15/2032  | 10213 | 10519 |
| Pacific Gas and Electric Co. 6.15% 1/15/2033  | 1401 | 1456 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 43548 | 45971 |
| Pacific Gas and Electric Co. 6.95% 3/15/2034  | 8637 | 9401 |
| Pacific Gas and Electric Co. 5.80% 5/15/2034  | 7860 | 7982 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 17180 | 17251 |
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | 9810 | 10009 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 1150 | 842 |
| Pacific Gas and Electric Co. 3.75% 8/15/2042  | 9685 | 7027 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 13370 | 11065 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 5876 | 3859 |
| Pacific Gas and Electric Co. 6.70% 4/1/2053  | 5290 | 5429 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 418 | 392 |
| PacifiCorp 5.30% 2/15/2031  | 2275 | 2336 |
| PacifiCorp 5.45% 2/15/2034  | 17945 | 18102 |
| PacifiCorp 3.30% 3/15/2051  | 4948 | 3166 |
| PacifiCorp 2.90% 6/15/2052  | 7169 | 4231 |
| PacifiCorp 5.35% 12/1/2053  | 13392 | 11968 |
| PacifiCorp 5.50% 5/15/2054  | 13053 | 11953 |
| PacifiCorp 5.80% 1/15/2055  | 19436 | 18503 |
| PG&E Corp. 5.00% 7/1/2028  | 55565 | 54258 |
| PG&E Corp. 5.25% 7/1/2030  | 69345 | 66576 |
| PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.883% on 3/15/2030) <sup>(k)</sup>  | 41205 | 39865 |
| Progress Energy, Inc. 7.00% 10/30/2031  | 3750 | 4198 |
| Southern California Edison Co. 3.70% 8/1/2025  | 450 | 450 |
| Southern California Edison Co. 5.65% 10/1/2028  | 638 | 653 |
| Southern California Edison Co. 4.20% 3/1/2029  | 6337 | 6206 |

---

---

| | |
|:---|:---|
| **26** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| Southern California Edison Co. 2.85% 8/1/2029  | USD9,116 | $8449 |
| Southern California Edison Co. 5.25% 3/15/2030  | 27932 | 28177 |
| Southern California Edison Co. 2.25% 6/1/2030  | 354 | 312 |
| Southern California Edison Co. 5.45% 6/1/2031  | 8900 | 9068 |
| Southern California Edison Co. 2.75% 2/1/2032  | 1953 | 1694 |
| Southern California Edison Co. 5.95% 11/1/2032  | 3057 | 3167 |
| Southern California Edison Co. 5.20% 6/1/2034  | 425 | 417 |
| Southern California Edison Co. 5.45% 3/1/2035  | 3958 | 3946 |
| Southern California Edison Co. 5.75% 4/1/2035  | 3100 | 3154 |
| Southern California Edison Co. 5.35% 7/15/2035  | 17439 | 17030 |
| Southern California Edison Co. 5.625% 2/1/2036  | 16750 | 16445 |
| Southern California Edison Co. 4.50% 9/1/2040  | 12607 | 10840 |
| Southern California Edison Co. 3.60% 2/1/2045  | 8000 | 5584 |
| Southern California Edison Co. 3.65% 2/1/2050  | 3895 | 2659 |
| Southern California Edison Co. 5.90% 3/1/2055  | 1825 | 1721 |
| Southern California Edison Co. 6.20% 9/15/2055  | 10180 | 10026 |
| Southern Co. (The) 4.25% 7/1/2036  | 1300 | 1186 |
| Southwestern Electric Power Co. 1.65% 3/15/2026  | 4900 | 4814 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(g)</sup>  | 13294 | 14135 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.808% 5/17/2030 <sup>(i)(j)</sup>  | 16777 | 16832 |
| Union Electric Co. 5.125% 3/15/2055  | 350 | 320 |
| Virginia Electric & Power 2.40% 3/30/2032  | 3525 | 3073 |
| Wisconsin Power and Light Co. 3.65% 4/1/2050  | 350 | 250 |
| Xcel Energy, Inc. 2.60% 12/1/2029  | 3000 | 2773 |
| Xcel Energy, Inc. 2.35% 11/15/2031  | 2525 | 2178 |
| Xcel Energy, Inc. 5.50% 3/15/2034  | 955 | 970 |
| Xcel Energy, Inc. 5.60% 4/15/2035  | 2380 | 2426 |
|  |  | 1041975 |
| **Consumer staples 0.61%** | **Consumer staples 0.61%** | **Consumer staples 0.61%** |
| 7-Eleven, Inc. 0.95% 2/10/2026 <sup>(g)</sup>  | 3950 | 3872 |
| Albertsons Cos., Inc. 4.625% 1/15/2027 <sup>(g)</sup>  | 310 | 308 |
| Albertsons Cos., Inc. 4.875% 2/15/2030 <sup>(g)</sup>  | 7700 | 7515 |
| Altria Group, Inc. 5.80% 2/14/2039  | 16525 | 16711 |
| Amer Sports Co. 6.75% 2/16/2031 <sup>(g)</sup>  | 7135 | 7428 |
| Anheuser-Busch InBev Worldwide, Inc. 4.95% 1/15/2042  | 6817 | 6394 |
| Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049  | 2085 | 2051 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 27125 | 24115 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(g)</sup>  | 18650 | 17461 |
| BAT Capital Corp. 3.557% 8/15/2027  | 500 | 491 |
| BAT Capital Corp. 2.259% 3/25/2028  | 2250 | 2126 |
| BAT Capital Corp. 6.343% 8/2/2030  | 1837 | 1970 |
| BAT Capital Corp. 5.834% 2/20/2031  | 2643 | 2769 |
| BAT Capital Corp. 6.421% 8/2/2033  | 2828 | 3068 |
| BAT Capital Corp. 5.625% 8/15/2035  | 12972 | 13185 |
| BAT Capital Corp. 4.54% 8/15/2047  | 1333 | 1082 |
| BAT International Finance PLC 1.668% 3/25/2026  | 3050 | 2991 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 1611 | 1541 |
| Campbell's Co. (The) 5.25% 10/13/2054  | 264 | 238 |
| Central Garden & Pet Co. 4.125% 10/15/2030  | 40146 | 37779 |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(g)</sup>  | 33145 | 30750 |
| Coca-Cola Co. 4.65% 8/14/2034  | 2898 | 2903 |
| Constellation Brands, Inc. 4.40% 11/15/2025  | 1930 | 1928 |
| Constellation Brands, Inc. 4.80% 5/1/2030  | 331 | 333 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 3713 | 3220 |
| Coty, Inc. 5.00% 4/15/2026 <sup>(g)</sup>  | 561 | 561 |
| Coty, Inc. 4.75% 1/15/2029 <sup>(g)</sup>  | 10624 | 10432 |
| Coty, Inc. 6.625% 7/15/2030 <sup>(g)</sup>  | 4156 | 4275 |
| Darling Ingredients, Inc. 5.25% 4/15/2027 <sup>(g)</sup>  | 19295 | 19285 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(g)</sup>  | 47150 | 47500 |
| Energizer Holdings, Inc. 4.375% 3/31/2029 <sup>(g)</sup>  | 17615 | 16722 |
| Fiesta Purchaser, Inc. 7.875% 3/1/2031 <sup>(g)</sup>  | 15815 | 16731 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(g)</sup>  | 18730 | 19840 |
| Fiesta Purchaser, Inc., Term Loan, (3-month USD CME Term SOFR + 3.25%) 7.606% 2/12/2031 <sup>(i)(j)</sup>  | 4935 | 4950 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(g)</sup>  | 4616 | 4608 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **27** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer staples (continued)** | **Consumer staples (continued)** | **Consumer staples (continued)** |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(g)</sup>  | USD5,050 | $5058 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(g)</sup>  | 3664 | 3700 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(g)</sup>  | 25700 | 23951 |
| J. M. Smucker Co. (The) 5.90% 11/15/2028  | 7370 | 7705 |
| J. M. Smucker Co. (The) 6.20% 11/15/2033  | 5195 | 5557 |
| J. M. Smucker Co. (The) 6.50% 11/15/2043  | 708 | 753 |
| J. M. Smucker Co. (The) 6.50% 11/15/2053  | 3099 | 3318 |
| Kroger Co. 5.00% 9/15/2034  | 6865 | 6794 |
| Kroger Co. 5.50% 9/15/2054  | 3130 | 2956 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(g)</sup>  | 43025 | 40972 |
| Lamb Weston Holdings, Inc. 4.375% 1/31/2032 <sup>(g)</sup>  | 7345 | 6869 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(g)</sup>  | 5126 | 5178 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(g)</sup>  | 7790 | 7866 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(g)</sup>  | 13113 | 12951 |
| Mondelez International, Inc. 5.125% 5/6/2035  | 6229 | 6247 |
| Opal Bidco SAS 6.50% 3/31/2032 <sup>(g)</sup>  | 18010 | 18202 |
| Performance Food Group, Inc. 5.50% 10/15/2027 <sup>(g)</sup>  | 12980 | 12970 |
| Performance Food Group, Inc. 4.25% 8/1/2029 <sup>(g)</sup>  | 12645 | 12168 |
| Performance Food Group, Inc. 6.125% 9/15/2032 <sup>(g)</sup>  | 11310 | 11499 |
| Philip Morris International, Inc. 5.125% 11/17/2027  | 5947 | 6043 |
| Philip Morris International, Inc. 4.875% 2/15/2028  | 18750 | 18988 |
| Philip Morris International, Inc. 4.625% 11/1/2029  | 10794 | 10857 |
| Philip Morris International, Inc. 5.625% 11/17/2029  | 2850 | 2975 |
| Philip Morris International, Inc. 5.125% 2/15/2030  | 10323 | 10573 |
| Philip Morris International, Inc. 4.375% 4/30/2030  | 4911 | 4879 |
| Philip Morris International, Inc. 1.75% 11/1/2030  | 8486 | 7376 |
| Philip Morris International, Inc. 5.125% 2/13/2031  | 3982 | 4068 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 10044 | 10059 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 10955 | 10817 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 3667 | 3594 |
| Post Holdings, Inc. 5.50% 12/15/2029 <sup>(g)</sup>  | 20825 | 20657 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(g)</sup>  | 62941 | 60185 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(g)</sup>  | 8961 | 9140 |
| Prestige Brands, Inc. 5.125% 1/15/2028 <sup>(g)</sup>  | 8162 | 8100 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(g)</sup>  | 8045 | 7369 |
| Reynolds American, Inc. 5.70% 8/15/2035  | 3130 | 3196 |
| Reynolds American, Inc. 5.85% 8/15/2045  | 3900 | 3781 |
| TreeHouse Foods, Inc. 4.00% 9/1/2028  | 30260 | 28018 |
| United Natural Foods, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.75%) 9.106% 5/1/2031 <sup>(i)(j)</sup>  | 16682 | 16848 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(g)</sup>  | 20951 | 20207 |
| Walgreens Boots Alliance, Inc. 3.45% 6/1/2026  | 18165 | 17910 |
|  |  | 817487 |
| **Municipals 0.00%** | **Municipals 0.00%** | **Municipals 0.00%** |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(c)(g)</sup>  | 3338 | 3338 |
| **Total corporate bonds, notes & loans** |  | 21516596 |
| **Mortgage-backed obligations 4.25%** | **Mortgage-backed obligations 4.25%** | **Mortgage-backed obligations 4.25%** |
| **Federal agency mortgage-backed obligations 3.32%** | **Federal agency mortgage-backed obligations 3.32%** | **Federal agency mortgage-backed obligations 3.32%** |
| Fannie Mae Pool #AD8191 4.00% 9/1/2025 <sup>(m)</sup>  | 1 | 1 |
| Fannie Mae Pool #AI6180 4.00% 7/1/2026 <sup>(m)</sup>  | 8 | 8 |
| Fannie Mae Pool #AL2940 3.50% 11/1/2027 <sup>(m)</sup>  | 36 | 36 |
| Fannie Mae Pool #AL8347 4.00% 3/1/2029 <sup>(m)</sup>  | 5 | 5 |
| Fannie Mae Pool #FM8013 5.50% 4/1/2031 <sup>(m)</sup>  | 50 | 50 |
| Fannie Mae Pool #BM1231 3.50% 11/1/2031 <sup>(m)</sup>  | 45 | 45 |
| Fannie Mae Pool #BJ5674 3.00% 1/1/2033 <sup>(m)</sup>  | 93 | 90 |
| Fannie Mae Pool #254767 5.50% 6/1/2033 <sup>(m)</sup>  | 66 | 68 |
| Fannie Mae Pool #BJ6249 4.00% 9/1/2033 <sup>(m)</sup>  | 80 | 79 |
| Fannie Mae Pool #MA3541 4.00% 12/1/2033 <sup>(m)</sup>  | 84 | 84 |
| Fannie Mae Pool #BN1085 4.00% 1/1/2034 <sup>(m)</sup>  | 5 | 5 |
| Fannie Mae Pool #MA3611 4.00% 3/1/2034 <sup>(m)</sup>  | 36 | 35 |
| Fannie Mae Pool #735228 5.50% 2/1/2035 <sup>(m)</sup>  | 59 | 61 |
| Fannie Mae Pool #878099 6.00% 4/1/2036 <sup>(m)</sup>  | 105 | 110 |
| Fannie Mae Pool #880426 6.00% 4/1/2036 <sup>(m)</sup>  | 49 | 51 |

---

---

| | |
|:---|:---|
| **28** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #256308 6.00% 7/1/2036 <sup>(m)</sup>  | USD101 | $106 |
| Fannie Mae Pool #888795 5.50% 11/1/2036 <sup>(m)</sup>  | 408 | 419 |
| Fannie Mae Pool #AS8554 3.00% 12/1/2036 <sup>(m)</sup>  | 8305 | 7799 |
| Fannie Mae Pool #BE4703 3.00% 12/1/2036 <sup>(m)</sup>  | 469 | 437 |
| Fannie Mae Pool #936999 6.00% 7/1/2037 <sup>(m)</sup>  | 295 | 307 |
| Fannie Mae Pool #945832 6.50% 8/1/2037 <sup>(m)</sup>  | 51 | 54 |
| Fannie Mae Pool #888637 6.00% 9/1/2037 <sup>(m)</sup>  | 668 | 699 |
| Fannie Mae Pool #950991 6.00% 10/1/2037 <sup>(m)</sup>  | 213 | 221 |
| Fannie Mae Pool #995674 6.00% 5/1/2038 <sup>(m)</sup>  | 369 | 387 |
| Fannie Mae Pool #929964 6.00% 9/1/2038 <sup>(m)</sup>  | 220 | 230 |
| Fannie Mae Pool #AE0967 3.50% 6/1/2039 <sup>(m)</sup>  | 62 | 58 |
| Fannie Mae Pool #AC0479 6.00% 9/1/2039 <sup>(m)</sup>  | 137 | 142 |
| Fannie Mae Pool #AE0443 6.50% 10/1/2039 <sup>(m)</sup>  | 82 | 86 |
| Fannie Mae Pool #932274 4.50% 12/1/2039 <sup>(m)</sup>  | 3293 | 3243 |
| Fannie Mae Pool #AD4927 5.00% 6/1/2040 <sup>(m)</sup>  | 1017 | 1023 |
| Fannie Mae Pool #AE4483 4.00% 9/1/2040 <sup>(m)</sup>  | 898 | 862 |
| Fannie Mae Pool #AE8073 4.00% 12/1/2040 <sup>(m)</sup>  | 78 | 75 |
| Fannie Mae Pool #AE0828 3.50% 2/1/2041 <sup>(m)</sup>  | 26 | 24 |
| Fannie Mae Pool #AB2470 4.50% 3/1/2041 <sup>(m)</sup>  | 9 | 9 |
| Fannie Mae Pool #AI3422 5.00% 5/1/2041 <sup>(m)</sup>  | 36 | 36 |
| Fannie Mae Pool #AI4836 5.00% 6/1/2041 <sup>(m)</sup>  | 34 | 34 |
| Fannie Mae Pool #MA4387 2.00% 7/1/2041 <sup>(m)</sup>  | 9875 | 8431 |
| Fannie Mae Pool #AI5571 5.00% 7/1/2041 <sup>(m)</sup>  | 33 | 33 |
| Fannie Mae Pool #AI8482 5.00% 8/1/2041 <sup>(m)</sup>  | 33 | 33 |
| Fannie Mae Pool #AJ0257 4.00% 9/1/2041 <sup>(m)</sup>  | 27 | 26 |
| Fannie Mae Pool #AJ4154 4.00% 11/1/2041 <sup>(m)</sup>  | 81 | 78 |
| Fannie Mae Pool #AB4050 4.00% 12/1/2041 <sup>(m)</sup>  | 148 | 142 |
| Fannie Mae Pool #AJ4189 4.00% 12/1/2041 <sup>(m)</sup>  | 88 | 84 |
| Fannie Mae Pool #FS0305 1.50% 1/1/2042 <sup>(m)</sup>  | 33130 | 27082 |
| Fannie Mae Pool #890407 4.00% 2/1/2042 <sup>(m)</sup>  | 213 | 205 |
| Fannie Mae Pool #AL2745 4.00% 3/1/2042 <sup>(m)</sup>  | 617 | 591 |
| Fannie Mae Pool #AB5377 3.50% 6/1/2042 <sup>(m)</sup>  | 9506 | 8839 |
| Fannie Mae Pool #AO9140 3.50% 7/1/2042 <sup>(m)</sup>  | 3200 | 2969 |
| Fannie Mae Pool #AU3742 3.50% 8/1/2043 <sup>(m)</sup>  | 1889 | 1752 |
| Fannie Mae Pool #AU8813 4.00% 11/1/2043 <sup>(m)</sup>  | 1073 | 1025 |
| Fannie Mae Pool #AU9350 4.00% 11/1/2043 <sup>(m)</sup>  | 722 | 690 |
| Fannie Mae Pool #AU9348 4.00% 11/1/2043 <sup>(m)</sup>  | 708 | 677 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(m)</sup>  | 22479 | 20726 |
| Fannie Mae Pool #AL8354 3.50% 10/1/2045 <sup>(m)</sup>  | 3333 | 3081 |
| Fannie Mae Pool #AL8522 3.50% 5/1/2046 <sup>(m)</sup>  | 7456 | 6869 |
| Fannie Mae Pool #AS8310 3.00% 11/1/2046 <sup>(m)</sup>  | 1221 | 1086 |
| Fannie Mae Pool #BM1179 3.00% 4/1/2047 <sup>(m)</sup>  | 1494 | 1328 |
| Fannie Mae Pool #947661 6.50% 10/1/2047 <sup>(m)</sup>  | 28 | 29 |
| Fannie Mae Pool #947554 7.00% 10/1/2047 <sup>(m)</sup>  | 128 | 135 |
| Fannie Mae Pool #920015 7.00% 10/1/2047 <sup>(m)</sup>  | 33 | 35 |
| Fannie Mae Pool #CA0770 3.50% 11/1/2047 <sup>(m)</sup>  | 258 | 235 |
| Fannie Mae Pool #CA0854 3.50% 12/1/2047 <sup>(m)</sup>  | 4736 | 4317 |
| Fannie Mae Pool #BM4413 4.50% 12/1/2047 <sup>(m)</sup>  | 2557 | 2475 |
| Fannie Mae Pool #FM7341 4.00% 3/1/2048 <sup>(m)</sup>  | 23 | 22 |
| Fannie Mae Pool #CA1542 4.00% 4/1/2048 <sup>(m)</sup>  | 4201 | 3948 |
| Fannie Mae Pool #BF0293 3.00% 7/1/2048 <sup>(m)</sup>  | 7055 | 6194 |
| Fannie Mae Pool #BF0318 3.50% 8/1/2048 <sup>(m)</sup>  | 5408 | 4897 |
| Fannie Mae Pool #FM1784 4.00% 9/1/2048 <sup>(m)</sup>  | 5790 | 5440 |
| Fannie Mae Pool #CA3184 4.00% 3/1/2049 <sup>(m)</sup>  | 8087 | 7585 |
| Fannie Mae Pool #CA3807 3.00% 7/1/2049 <sup>(m)</sup>  | 1487 | 1309 |
| Fannie Mae Pool #CA3806 3.00% 7/1/2049 <sup>(m)</sup>  | 992 | 875 |
| Fannie Mae Pool #CA3814 3.50% 7/1/2049 <sup>(m)</sup>  | 25684 | 23559 |
| Fannie Mae Pool #CA3976 4.00% 8/1/2049 <sup>(m)</sup>  | 44304 | 41484 |
| Fannie Mae Pool #FM1668 4.00% 8/1/2049 <sup>(m)</sup>  | 4926 | 4614 |
| Fannie Mae Pool #CA4112 3.50% 9/1/2049 <sup>(m)</sup>  | 28279 | 25939 |
| Fannie Mae Pool #FM1589 3.50% 9/1/2049 <sup>(m)</sup>  | 2425 | 2193 |
| Fannie Mae Pool #BO3491 2.50% 10/1/2049 <sup>(m)</sup>  | 46 | 38 |
| Fannie Mae Pool #CA4432 4.00% 10/1/2049 <sup>(m)</sup>  | 5109 | 4774 |
| Fannie Mae Pool #FM1954 3.50% 11/1/2049 <sup>(m)</sup>  | 3817 | 3452 |
| Fannie Mae Pool #CA4802 3.50% 12/1/2049 <sup>(m)</sup>  | 20994 | 19154 |
| Fannie Mae Pool #CA4804 3.50% 12/1/2049 <sup>(m)</sup>  | 18324 | 16662 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **29** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FM2092 3.50% 12/1/2049 <sup>(m)</sup>  | USD10,716 | $9750 |
| Fannie Mae Pool #BN7443 2.50% 3/1/2050 <sup>(m)</sup>  | 54 | 45 |
| Fannie Mae Pool #CA5659 2.50% 5/1/2050 <sup>(m)</sup>  | 1952 | 1604 |
| Fannie Mae Pool #CA5968 2.50% 6/1/2050 <sup>(m)</sup>  | 14696 | 12244 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(m)</sup>  | 6700 | 5508 |
| Fannie Mae Pool #BP5474 2.50% 6/1/2050 <sup>(m)</sup>  | 5872 | 4827 |
| Fannie Mae Pool #BP5502 2.50% 6/1/2050 <sup>(m)</sup>  | 2313 | 1902 |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(m)</sup>  | 2015 | 1656 |
| Fannie Mae Pool #BP5482 2.50% 6/1/2050 <sup>(m)</sup>  | 481 | 396 |
| Fannie Mae Pool #BP8762 2.50% 7/1/2050 <sup>(m)</sup>  | 3398 | 2793 |
| Fannie Mae Pool #FM3720 2.50% 7/1/2050 <sup>(m)</sup>  | 1833 | 1506 |
| Fannie Mae Pool #CA6349 3.00% 7/1/2050 <sup>(m)</sup>  | 2579 | 2220 |
| Fannie Mae Pool #FM3920 2.50% 8/1/2050 <sup>(m)</sup>  | 8164 | 6712 |
| Fannie Mae Pool #FP0058 2.50% 8/1/2050 <sup>(m)</sup>  | 1894 | 1557 |
| Fannie Mae Pool #CA6593 2.50% 8/1/2050 <sup>(m)</sup>  | 642 | 537 |
| Fannie Mae Pool #BQ0212 2.50% 8/1/2050 <sup>(m)</sup>  | 461 | 379 |
| Fannie Mae Pool #FM4021 2.50% 8/1/2050 <sup>(m)</sup>  | 360 | 296 |
| Fannie Mae Pool #CA6740 3.00% 8/1/2050 <sup>(m)</sup>  | 1438 | 1238 |
| Fannie Mae Pool #MA4119 2.00% 9/1/2050 <sup>(m)</sup>  | 11757 | 9295 |
| Fannie Mae Pool #FM7195 2.50% 9/1/2050 <sup>(m)</sup>  | 2543 | 2089 |
| Fannie Mae Pool #BQ1844 2.50% 9/1/2050 <sup>(m)</sup>  | 240 | 197 |
| Fannie Mae Pool #FP0015 2.50% 9/1/2050 <sup>(m)</sup>  | 83 | 68 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(m)</sup>  | 347 | 300 |
| Fannie Mae Pool #CA7278 2.50% 10/1/2050 <sup>(m)</sup>  | 1736 | 1428 |
| Fannie Mae Pool #FM4377 2.50% 10/1/2050 <sup>(m)</sup>  | 822 | 676 |
| Fannie Mae Pool #FM5313 2.50% 10/1/2050 <sup>(m)</sup>  | 33 | 27 |
| Fannie Mae Pool #CA7381 3.00% 10/1/2050 <sup>(m)</sup>  | 2359 | 2031 |
| Fannie Mae Pool #CA7737 2.50% 11/1/2050 <sup>(m)</sup>  | 16717 | 13908 |
| Fannie Mae Pool #CA7599 2.50% 11/1/2050 <sup>(m)</sup>  | 8277 | 6925 |
| Fannie Mae Pool #FM5309 2.50% 11/1/2050 <sup>(m)</sup>  | 1451 | 1192 |
| Fannie Mae Pool #BQ7514 2.50% 11/1/2050 <sup>(m)</sup>  | 19 | 16 |
| Fannie Mae Pool #FM4897 3.00% 11/1/2050 <sup>(m)</sup>  | 4478 | 3947 |
| Fannie Mae Pool #CA8130 2.50% 12/1/2050 <sup>(m)</sup>  | 14025 | 11625 |
| Fannie Mae Pool #BQ9058 2.50% 12/1/2050 <sup>(m)</sup>  | 2087 | 1714 |
| Fannie Mae Pool #CA8026 2.50% 12/1/2050 <sup>(m)</sup>  | 542 | 447 |
| Fannie Mae Pool #CA8046 3.00% 12/1/2050 <sup>(m)</sup>  | 7369 | 6494 |
| Fannie Mae Pool #FM5166 3.00% 12/1/2050 <sup>(m)</sup>  | 1582 | 1362 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(m)</sup>  | 203 | 196 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(m)</sup>  | 11966 | 9438 |
| Fannie Mae Pool #CA8601 2.50% 1/1/2051 <sup>(m)</sup>  | 41374 | 34294 |
| Fannie Mae Pool #CA8480 2.50% 1/1/2051 <sup>(m)</sup>  | 30055 | 25169 |
| Fannie Mae Pool #FM5608 2.50% 1/1/2051 <sup>(m)</sup>  | 5476 | 4496 |
| Fannie Mae Pool #FM5944 2.50% 1/1/2051 <sup>(m)</sup>  | 2733 | 2243 |
| Fannie Mae Pool #CA8828 2.50% 2/1/2051 <sup>(m)</sup>  | 35332 | 29479 |
| Fannie Mae Pool #FM5713 2.50% 2/1/2051 <sup>(m)</sup>  | 2055 | 1699 |
| Fannie Mae Pool #CA9233 2.50% 2/1/2051 <sup>(m)</sup>  | 1895 | 1557 |
| Fannie Mae Pool #CA9291 2.50% 2/1/2051 <sup>(m)</sup>  | 1009 | 828 |
| Fannie Mae Pool #FM5975 2.50% 2/1/2051 <sup>(m)</sup>  | 350 | 288 |
| Fannie Mae Pool #CA9302 3.00% 2/1/2051 <sup>(m)</sup>  | 9738 | 8588 |
| Fannie Mae Pool #CA8969 3.00% 2/1/2051 <sup>(m)</sup>  | 3155 | 2747 |
| Fannie Mae Pool #CA8968 3.00% 2/1/2051 <sup>(m)</sup>  | 632 | 549 |
| Fannie Mae Pool #CA9390 2.50% 3/1/2051 <sup>(m)</sup>  | 4843 | 3974 |
| Fannie Mae Pool #FM6764 2.50% 3/1/2051 <sup>(m)</sup>  | 3120 | 2560 |
| Fannie Mae Pool #CB0290 2.00% 4/1/2051 <sup>(m)</sup>  | 1582 | 1241 |
| Fannie Mae Pool #FM6871 2.50% 4/1/2051 <sup>(m)</sup>  | 5869 | 4816 |
| Fannie Mae Pool #FM7093 2.50% 4/1/2051 <sup>(m)</sup>  | 2112 | 1733 |
| Fannie Mae Pool #FS0030 2.50% 4/1/2051 <sup>(m)</sup>  | 1850 | 1519 |
| Fannie Mae Pool #FM6856 2.50% 4/1/2051 <sup>(m)</sup>  | 964 | 798 |
| Fannie Mae Pool #BN9135 2.50% 4/1/2051 <sup>(m)</sup>  | 570 | 468 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(m)</sup>  | 10624 | 9183 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(m)</sup>  | 1302 | 1125 |
| Fannie Mae Pool #MA4325 2.00% 5/1/2051 <sup>(m)</sup>  | 167314 | 131678 |
| Fannie Mae Pool #CB0396 2.50% 5/1/2051 <sup>(m)</sup>  | 5308 | 4356 |
| Fannie Mae Pool #FM7527 2.50% 5/1/2051 <sup>(m)</sup>  | 2422 | 1987 |
| Fannie Mae Pool #FM7408 2.50% 5/1/2051 <sup>(m)</sup>  | 1243 | 1020 |
| Fannie Mae Pool #CB0517 2.50% 5/1/2051 <sup>(m)</sup>  | 287 | 235 |

---

---

| | |
|:---|:---|
| **30** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #BT1364 3.00% 5/1/2051 <sup>(m)</sup>  | USD1,451 | $1254 |
| Fannie Mae Pool #FM7740 2.50% 6/1/2051 <sup>(m)</sup>  | 3340 | 2740 |
| Fannie Mae Pool #CB0844 2.50% 6/1/2051 <sup>(m)</sup>  | 843 | 692 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(m)</sup>  | 964 | 833 |
| Fannie Mae Pool #MA4378 2.00% 7/1/2051 <sup>(m)</sup>  | 77 | 60 |
| Fannie Mae Pool #CB1004 2.50% 7/1/2051 <sup>(m)</sup>  | 7358 | 6038 |
| Fannie Mae Pool #CB1134 2.50% 7/1/2051 <sup>(m)</sup>  | 3328 | 2731 |
| Fannie Mae Pool #FM9530 2.50% 7/1/2051 <sup>(m)</sup>  | 2612 | 2143 |
| Fannie Mae Pool #BT1288 2.50% 7/1/2051 <sup>(m)</sup>  | 865 | 710 |
| Fannie Mae Pool #CB1050 2.50% 7/1/2051 <sup>(m)</sup>  | 460 | 380 |
| Fannie Mae Pool #CB1394 2.50% 8/1/2051 <sup>(m)</sup>  | 19384 | 15905 |
| Fannie Mae Pool #CB1304 3.00% 8/1/2051 <sup>(m)</sup>  | 1123 | 978 |
| Fannie Mae Pool #FM8692 2.50% 9/1/2051 <sup>(m)</sup>  | 7123 | 5844 |
| Fannie Mae Pool #FM8436 2.50% 9/1/2051 <sup>(m)</sup>  | 3849 | 3158 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(m)</sup>  | 3297 | 2705 |
| Fannie Mae Pool #FM8761 2.50% 9/1/2051 <sup>(m)</sup>  | 1960 | 1608 |
| Fannie Mae Pool #BT9828 2.50% 9/1/2051 <sup>(m)</sup>  | 1742 | 1429 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(m)</sup>  | 1622 | 1331 |
| Fannie Mae Pool #BQ7428 2.50% 9/1/2051 <sup>(m)</sup>  | 1194 | 984 |
| Fannie Mae Pool #FM8658 2.50% 9/1/2051 <sup>(m)</sup>  | 1000 | 821 |
| Fannie Mae Pool #FS5125 2.50% 10/1/2051 <sup>(m)</sup>  | 2852 | 2340 |
| Fannie Mae Pool #FS3298 2.50% 10/1/2051 <sup>(m)</sup>  | 1508 | 1238 |
| Fannie Mae Pool #FS4628 3.00% 10/1/2051 <sup>(m)</sup>  | 2080 | 1798 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(m)</sup>  | 12692 | 9980 |
| Fannie Mae Pool #FM9515 2.50% 11/1/2051 <sup>(m)</sup>  | 1788 | 1474 |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(m)</sup>  | 2478 | 2125 |
| Fannie Mae Pool #MA4492 2.00% 12/1/2051 <sup>(m)</sup>  | 1614 | 1267 |
| Fannie Mae Pool #CB2319 2.50% 12/1/2051 <sup>(m)</sup>  | 4009 | 3345 |
| Fannie Mae Pool #CB2375 2.50% 12/1/2051 <sup>(m)</sup>  | 3983 | 3309 |
| Fannie Mae Pool #FM9672 2.50% 12/1/2051 <sup>(m)</sup>  | 2460 | 2019 |
| Fannie Mae Pool #CB2372 2.50% 12/1/2051 <sup>(m)</sup>  | 1926 | 1605 |
| Fannie Mae Pool #BT9483 2.50% 12/1/2051 <sup>(m)</sup>  | 1920 | 1602 |
| Fannie Mae Pool #BT9510 2.50% 12/1/2051 <sup>(m)</sup>  | 1529 | 1275 |
| Fannie Mae Pool #CB2286 2.50% 12/1/2051 <sup>(m)</sup>  | 895 | 745 |
| Fannie Mae Pool #BQ7006 2.00% 1/1/2052 <sup>(m)</sup>  | 1607 | 1262 |
| Fannie Mae Pool #BV0291 2.00% 1/1/2052 <sup>(m)</sup>  | 1191 | 933 |
| Fannie Mae Pool #FS4203 2.50% 1/1/2052 <sup>(m)</sup>  | 2782 | 2283 |
| Fannie Mae Pool #FS0392 2.50% 1/1/2052 <sup>(m)</sup>  | 2478 | 2034 |
| Fannie Mae Pool #FS5613 2.50% 1/1/2052 <sup>(m)</sup>  | 2316 | 1900 |
| Fannie Mae Pool #FS6479 2.50% 1/1/2052 <sup>(m)</sup>  | 1830 | 1504 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(m)</sup>  | 1343 | 1102 |
| Fannie Mae Pool #FS8108 2.50% 1/1/2052 <sup>(m)</sup>  | 365 | 303 |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(m)</sup>  | 13016 | 10205 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(m)</sup>  | 2069 | 1625 |
| Fannie Mae Pool #BV3083 2.00% 2/1/2052 <sup>(m)</sup>  | 808 | 633 |
| Fannie Mae Pool #FS5034 2.50% 2/1/2052 <sup>(m)</sup>  | 2380 | 1953 |
| Fannie Mae Pool #FS2660 2.50% 2/1/2052 <sup>(m)</sup>  | 2034 | 1670 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(m)</sup>  | 54313 | 47342 |
| Fannie Mae Pool #FS1194 3.00% 2/1/2052 <sup>(m)</sup>  | 10559 | 9232 |
| Fannie Mae Pool #BV1089 4.00% 2/1/2052 <sup>(m)</sup>  | 42 | 39 |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(m)</sup>  | 1261 | 988 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(m)</sup>  | 1223 | 960 |
| Fannie Mae Pool #BV4172 2.00% 3/1/2052 <sup>(m)</sup>  | 857 | 671 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(m)</sup>  | 832 | 654 |
| Fannie Mae Pool #FS1978 2.50% 3/1/2052 <sup>(m)</sup>  | 5000 | 4103 |
| Fannie Mae Pool #CB3744 2.50% 3/1/2052 <sup>(m)</sup>  | 1934 | 1589 |
| Fannie Mae Pool #BV4040 2.50% 3/1/2052 <sup>(m)</sup>  | 404 | 334 |
| Fannie Mae Pool #MA4563 2.50% 3/1/2052 <sup>(m)</sup>  | 49 | 40 |
| Fannie Mae Pool #FS1598 2.00% 4/1/2052 <sup>(m)</sup>  | 1365 | 1072 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(m)</sup>  | 651 | 511 |
| Fannie Mae Pool #FS1629 2.50% 4/1/2052 <sup>(m)</sup>  | 1500 | 1231 |
| Fannie Mae Pool #CB3354 2.50% 4/1/2052 <sup>(m)</sup>  | 302 | 248 |
| Fannie Mae Pool #BV4656 2.50% 4/1/2052 <sup>(m)</sup>  | 46 | 38 |
| Fannie Mae Pool #MA4579 3.00% 4/1/2052 <sup>(m)</sup>  | 6619 | 5679 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(m)</sup>  | 314 | 290 |
| Fannie Mae Pool #MA4598 2.50% 5/1/2052 <sup>(m)</sup>  | 1349 | 1109 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **31** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FS5387 2.50% 5/1/2052 <sup>(m)</sup>  | USD733 | $602 |
| Fannie Mae Pool #BV9644 2.50% 5/1/2052 <sup>(m)</sup>  | 710 | 585 |
| Fannie Mae Pool #CB3607 3.50% 5/1/2052 <sup>(m)</sup>  | 336 | 301 |
| Fannie Mae Pool #FS7329 2.00% 6/1/2052 <sup>(m)</sup>  | 1589 | 1246 |
| Fannie Mae Pool #FS7944 2.50% 6/1/2052 <sup>(m)</sup>  | 2112 | 1733 |
| Fannie Mae Pool #BW7323 2.50% 6/1/2052 <sup>(m)</sup>  | 1433 | 1181 |
| Fannie Mae Pool #BV7255 3.50% 6/1/2052 <sup>(m)</sup>  | 32 | 29 |
| Fannie Mae Pool #MA4626 4.00% 6/1/2052 <sup>(m)</sup>  | 11478 | 10615 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(m)</sup>  | 643 | 595 |
| Fannie Mae Pool #FS6986 2.00% 7/1/2052 <sup>(m)</sup>  | 3295 | 2582 |
| Fannie Mae Pool #FS6631 2.50% 7/1/2052 <sup>(m)</sup>  | 989 | 813 |
| Fannie Mae Pool #FS5493 2.50% 7/1/2052 <sup>(m)</sup>  | 110 | 90 |
| Fannie Mae Pool #BW6043 2.50% 7/1/2052 <sup>(m)</sup>  | 30 | 25 |
| Fannie Mae Pool #FS2654 4.00% 8/1/2052 <sup>(m)</sup>  | 3048 | 2819 |
| Fannie Mae Pool #FS2805 2.50% 9/1/2052 <sup>(m)</sup>  | 917 | 753 |
| Fannie Mae Pool #MA4768 2.50% 9/1/2052 <sup>(m)</sup>  | 30 | 25 |
| Fannie Mae Pool #CB4548 4.00% 9/1/2052 <sup>(m)</sup>  | 4319 | 3993 |
| Fannie Mae Pool #BW9347 4.50% 9/1/2052 <sup>(m)</sup>  | 30871 | 29353 |
| Fannie Mae Pool #BW1192 4.50% 9/1/2052 <sup>(m)</sup>  | 740 | 703 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(m)</sup>  | 14867 | 14624 |
| Fannie Mae Pool #MA4824 2.50% 10/1/2052 <sup>(m)</sup>  | 72 | 59 |
| Fannie Mae Pool #MA4785 5.00% 10/1/2052 <sup>(m)</sup>  | 42 | 41 |
| Fannie Mae Pool #MA4803 3.50% 11/1/2052 <sup>(m)</sup>  | 8925 | 7989 |
| Fannie Mae Pool #FS5554 4.50% 11/1/2052 <sup>(m)</sup>  | 3509 | 3337 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(m)</sup>  | 3546 | 3546 |
| Fannie Mae Pool #FS4947 4.00% 1/1/2053 <sup>(m)</sup>  | 673 | 622 |
| Fannie Mae Pool #FS5520 4.50% 1/1/2053 <sup>(m)</sup>  | 1786 | 1698 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(m)</sup>  | 500 | 499 |
| Fannie Mae Pool #FS8509 3.50% 3/1/2053 <sup>(m)</sup>  | 82796 | 74120 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(m)</sup>  | 1539 | 1542 |
| Fannie Mae Pool #MA5000 3.50% 4/1/2053 <sup>(m)</sup>  | 1871 | 1675 |
| Fannie Mae Pool #MA4977 4.50% 4/1/2053 <sup>(m)</sup>  | 4406 | 4186 |
| Fannie Mae Pool #MA4978 5.00% 4/1/2053 <sup>(m)</sup>  | 4398 | 4299 |
| Fannie Mae Pool #MA5027 4.00% 5/1/2053 <sup>(m)</sup>  | 1463 | 1352 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(m)</sup>  | 1719 | 1687 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(m)</sup>  | 194 | 194 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(m)</sup>  | 87 | 86 |
| Fannie Mae Pool #MA5038 5.00% 6/1/2053 <sup>(m)</sup>  | 172 | 168 |
| Fannie Mae Pool #BY3612 5.50% 6/1/2053 <sup>(m)</sup>  | 460 | 459 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(m)</sup>  | 312 | 311 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(m)</sup>  | 2164 | 2253 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(m)</sup>  | 781 | 809 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(m)</sup>  | 571 | 594 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(m)</sup>  | 5565 | 4369 |
| Fannie Mae Pool #FS6037 2.50% 7/1/2053 <sup>(m)</sup>  | 40 | 33 |
| Fannie Mae Pool #MA5131 3.50% 7/1/2053 <sup>(m)</sup>  | 32 | 28 |
| Fannie Mae Pool #MA5070 4.50% 7/1/2053 <sup>(m)</sup>  | 18929 | 17995 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(m)</sup>  | 1173 | 1169 |
| Fannie Mae Pool #MA5105 4.50% 8/1/2053 <sup>(m)</sup>  | 21534 | 20465 |
| Fannie Mae Pool #FS6666 5.50% 8/1/2053 <sup>(m)</sup>  | 18755 | 18695 |
| Fannie Mae Pool #CB7108 5.50% 9/1/2053 <sup>(m)</sup>  | 9031 | 9008 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(m)</sup>  | 755 | 768 |
| Fannie Mae Pool #CB7332 5.50% 10/1/2053 <sup>(m)</sup>  | 17342 | 17296 |
| Fannie Mae Pool #MA5165 5.50% 10/1/2053 <sup>(m)</sup>  | 538 | 537 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(m)</sup>  | 5940 | 6033 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(m)</sup>  | 861 | 858 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(m)</sup>  | 1118 | 1137 |
| Fannie Mae Pool #CB7617 6.00% 12/1/2053 <sup>(m)</sup>  | 7715 | 7827 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(m)</sup>  | 15815 | 16335 |
| Fannie Mae Pool #MA5283 4.00% 2/1/2054 <sup>(m)</sup>  | 24472 | 22592 |
| Fannie Mae Pool #FS7990 4.00% 2/1/2054 <sup>(m)</sup>  | 979 | 903 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(m)</sup>  | 7836 | 7961 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(m)</sup>  | 4672 | 4825 |
| Fannie Mae Pool #CB8148 5.50% 3/1/2054 <sup>(m)</sup>  | 2370 | 2371 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(m)</sup>  | 1237 | 1234 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(m)</sup>  | 3560 | 3645 |

---

---

| | |
|:---|:---|
| **32** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(m)</sup>  | USD33 | $33 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(m)</sup>  | 16414 | 16374 |
| Fannie Mae Pool #MA5328 6.00% 4/1/2054 <sup>(m)</sup>  | 2 | 2 |
| Fannie Mae Pool #DB5160 5.50% 5/1/2054 <sup>(m)</sup>  | 1186 | 1183 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(m)</sup>  | 23467 | 23377 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(m)</sup>  | 3149 | 3151 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(m)</sup>  | 2268 | 2317 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(m)</sup>  | 1283 | 1302 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(m)</sup>  | 407 | 414 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(m)</sup>  | 374 | 383 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(m)</sup>  | 65 | 67 |
| Fannie Mae Pool #CB8842 5.50% 7/1/2054 <sup>(m)</sup>  | 10464 | 10434 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(m)</sup>  | 10241 | 10211 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(m)</sup>  | 1223 | 1219 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(m)</sup>  | 16387 | 16628 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(m)</sup>  | 2006 | 2038 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(m)</sup>  | 1559 | 1588 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(m)</sup>  | 1086 | 1112 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(m)</sup>  | 904 | 918 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(m)</sup>  | 315 | 321 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(m)</sup>  | 78998 | 80165 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(m)</sup>  | 4193 | 4254 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(m)</sup>  | 911 | 930 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(m)</sup>  | 519 | 528 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(m)</sup>  | 442 | 449 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(m)</sup>  | 370 | 377 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(m)</sup>  | 301 | 306 |
| Fannie Mae Pool #DB4468 6.00% 8/1/2054 <sup>(m)</sup>  | 191 | 194 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(m)</sup>  | 163 | 167 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(m)</sup>  | 129 | 132 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(m)</sup>  | 123 | 126 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(m)</sup>  | 1514 | 1575 |
| Fannie Mae Pool #MA5470 5.50% 9/1/2054 <sup>(m)</sup>  | 21852 | 21768 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(m)</sup>  | 3845 | 3848 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(m)</sup>  | 483 | 481 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(m)</sup>  | 2590 | 2628 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(m)</sup>  | 1324 | 1343 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(m)</sup>  | 912 | 930 |
| Fannie Mae Pool #MA5497 5.50% 10/1/2054 <sup>(m)</sup>  | 2909 | 2895 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(m)</sup>  | 6408 | 6501 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(m)</sup>  | 1499 | 1522 |
| Fannie Mae Pool #MA5530 5.00% 11/1/2054 <sup>(m)</sup>  | 48222 | 46971 |
| Fannie Mae Pool #MA5531 5.50% 11/1/2054 <sup>(m)</sup>  | 9451 | 9409 |
| Fannie Mae Pool #CB9770 4.50% 12/1/2054 <sup>(m)</sup>  | 772 | 734 |
| Fannie Mae Pool #CB9768 4.50% 12/1/2054 <sup>(m)</sup>  | 289 | 275 |
| Fannie Mae Pool #MA5552 5.00% 12/1/2054 <sup>(m)</sup>  | 17551 | 17097 |
| Fannie Mae Pool #BU5361 5.00% 12/1/2054 <sup>(m)</sup>  | 1770 | 1726 |
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(m)</sup>  | 2204 | 2197 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(m)</sup>  | 27197 | 27592 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(m)</sup>  | 7010 | 7111 |
| Fannie Mae Pool #BU5233 6.00% 12/1/2054 <sup>(m)</sup>  | 5173 | 5258 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(m)</sup>  | 1211 | 1228 |
| Fannie Mae Pool #MA5583 4.00% 1/1/2055 <sup>(m)</sup>  | 267 | 247 |
| Fannie Mae Pool #MB0294 4.00% 1/1/2055 <sup>(m)</sup>  | 155 | 143 |
| Fannie Mae Pool #CB9737 5.00% 1/1/2055 <sup>(m)</sup>  | 3027 | 2952 |
| Fannie Mae Pool #MA5586 5.50% 1/1/2055 <sup>(m)</sup>  | 2510 | 2499 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(m)</sup>  | 10696 | 10853 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(m)</sup>  | 6460 | 6553 |
| Fannie Mae Pool #CB9840 6.50% 1/1/2055 <sup>(m)</sup>  | 15718 | 16222 |
| Fannie Mae Pool #CB9836 6.50% 1/1/2055 <sup>(m)</sup>  | 10710 | 11110 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(m)</sup>  | 51561 | 52314 |
| Fannie Mae Pool #DD2501 6.00% 2/1/2055 <sup>(m)</sup>  | 784 | 796 |
| Fannie Mae Pool #FA1000 7.00% 2/1/2055 <sup>(m)</sup>  | 20695 | 21762 |
| Fannie Mae Pool #MA5643 4.00% 3/1/2055 <sup>(m)</sup>  | 1986 | 1833 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(m)</sup>  | 2297 | 2180 |
| Fannie Mae Pool #MA5646 5.50% 3/1/2055 <sup>(m)</sup>  | 9839 | 9793 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **33** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(m)</sup>  | USD16,599 | $16837 |
| Fannie Mae Pool #MA5670 4.00% 4/1/2055 <sup>(m)</sup>  | 921 | 850 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(m)</sup>  | 2424 | 2300 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(m)</sup>  | 35483 | 36002 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(m)</sup>  | 2043 | 2072 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(m)</sup>  | 1989 | 2017 |
| Fannie Mae Pool #MA5699 5.00% 5/1/2055 <sup>(m)</sup>  | 12991 | 12653 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(m)</sup>  | 37908 | 38449 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(m)</sup>  | 27270 | 26558 |
| Fannie Mae Pool #DE2033 6.00% 6/1/2055 <sup>(m)</sup>  | 41 | 41 |
| Fannie Mae Pool #DE2192 6.00% 7/1/2055 <sup>(m)</sup>  | 10887 | 11043 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(m)</sup>  | 6474 | 6567 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(m)</sup>  | 105 | 107 |
| Fannie Mae Pool #BF0133 4.00% 8/1/2056 <sup>(m)</sup>  | 3473 | 3216 |
| Fannie Mae Pool #BF0167 3.00% 2/1/2057 <sup>(m)</sup>  | 716 | 618 |
| Fannie Mae Pool #BF0264 3.50% 5/1/2058 <sup>(m)</sup>  | 10438 | 9319 |
| Fannie Mae Pool #BF0332 3.00% 1/1/2059 <sup>(m)</sup>  | 53857 | 45939 |
| Fannie Mae Pool #BM6736 4.50% 11/1/2059 <sup>(m)</sup>  | 18208 | 17461 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(m)</sup>  | 12681 | 10814 |
| Fannie Mae Pool #BF0546 2.50% 7/1/2061 <sup>(m)</sup>  | 11182 | 8784 |
| Fannie Mae Pool #BF0548 3.00% 7/1/2061 <sup>(m)</sup>  | 4536 | 3795 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(m)</sup>  | 686 | 574 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(m)</sup>  | 24348 | 21402 |
| Fannie Mae Pool #BF0786 4.00% 12/1/2063 <sup>(m)</sup>  | 4467 | 4098 |
| Fannie Mae, Series 2007-24, Class P, 6.00% 3/25/2037 <sup>(m)</sup>  | 112 | 118 |
| Fannie Mae, Series 2007-33, Class HE, 5.50% 4/25/2037 <sup>(m)</sup>  | 241 | 251 |
| Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/2041 <sup>(m)</sup>  | 47 | 48 |
| Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041 <sup>(m)</sup>  | 68 | 71 |
| Fannie Mae, Series 2001-T10, Class A1, 7.00% 12/25/2041 <sup>(m)</sup>  | 71 | 72 |
| Fannie Mae, Series 2002-W1, Class 2A, 4.435% 2/25/2042 <sup>(i)(m)</sup>  | 161 | 161 |
| FARM Mortgage Trust, Series 2024-1, Class A1, 4.702% 10/1/2053 <sup>(g)(i)(m)</sup>  | 2902 | 2846 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.195% 8/1/2054 <sup>(g)(i)(m)</sup>  | 4541 | 4523 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A, 5.195% 8/1/2054 <sup>(g)(i)(m)</sup>  | 2990 | 2949 |
| Freddie Mac Pool #J38387 3.00% 1/1/2033 <sup>(m)</sup>  | 21 | 20 |
| Freddie Mac Pool #G04805 4.50% 12/1/2035 <sup>(m)</sup>  | 1711 | 1693 |
| Freddie Mac Pool #K93772 3.00% 12/1/2036 <sup>(m)</sup>  | 296 | 276 |
| Freddie Mac Pool #K93766 3.00% 12/1/2036 <sup>(m)</sup>  | 287 | 268 |
| Freddie Mac Pool #G04553 6.50% 9/1/2038 <sup>(m)</sup>  | 200 | 212 |
| Freddie Mac Pool #G08353 4.50% 7/1/2039 <sup>(m)</sup>  | 152 | 150 |
| Freddie Mac Pool #A87892 5.00% 8/1/2039 <sup>(m)</sup>  | 374 | 382 |
| Freddie Mac Pool #A87873 5.00% 8/1/2039 <sup>(m)</sup>  | 151 | 151 |
| Freddie Mac Pool #G05937 4.50% 8/1/2040 <sup>(m)</sup>  | 3489 | 3451 |
| Freddie Mac Pool #RB5071 2.00% 9/1/2040 <sup>(m)</sup>  | 27449 | 23575 |
| Freddie Mac Pool #A96488 5.00% 1/1/2041 <sup>(m)</sup>  | 13 | 13 |
| Freddie Mac Pool #SC0149 2.00% 3/1/2041 <sup>(m)</sup>  | 24541 | 20970 |
| Freddie Mac Pool #Q02849 4.50% 8/1/2041 <sup>(m)</sup>  | 198 | 194 |
| Freddie Mac Pool #Q02676 4.50% 8/1/2041 <sup>(m)</sup>  | 147 | 143 |
| Freddie Mac Pool #G07189 4.50% 3/1/2042 <sup>(m)</sup>  | 329 | 325 |
| Freddie Mac Pool #G07221 4.50% 6/1/2042 <sup>(m)</sup>  | 526 | 520 |
| Freddie Mac Pool #Q23190 4.00% 11/1/2043 <sup>(m)</sup>  | 1046 | 1002 |
| Freddie Mac Pool #Q23185 4.00% 11/1/2043 <sup>(m)</sup>  | 792 | 758 |
| Freddie Mac Pool #Z40130 3.00% 1/1/2046 <sup>(m)</sup>  | 4036 | 3629 |
| Freddie Mac Pool #G60559 4.00% 4/1/2046 <sup>(m)</sup>  | 4734 | 4462 |
| Freddie Mac Pool #Q41090 4.50% 6/1/2046 <sup>(m)</sup>  | 520 | 506 |
| Freddie Mac Pool #Q41909 4.50% 7/1/2046 <sup>(m)</sup>  | 1021 | 993 |
| Freddie Mac Pool #V82662 4.00% 10/1/2046 <sup>(m)</sup>  | 3033 | 2857 |
| Freddie Mac Pool #Q44400 4.00% 11/1/2046 <sup>(m)</sup>  | 2744 | 2585 |
| Freddie Mac Pool #SD0470 4.00% 11/1/2047 <sup>(m)</sup>  | 5722 | 5362 |
| Freddie Mac Pool #G61733 3.00% 12/1/2047 <sup>(m)</sup>  | 5236 | 4639 |
| Freddie Mac Pool #ZT2265 4.00% 8/1/2048 <sup>(m)</sup>  | 3651 | 3430 |
| Freddie Mac Pool #G61628 3.50% 9/1/2048 <sup>(m)</sup>  | 473 | 433 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(m)</sup>  | 310 | 300 |
| Freddie Mac Pool #SD0045 4.50% 11/1/2048 <sup>(m)</sup>  | 14278 | 13828 |
| Freddie Mac Pool #ZN3568 4.50% 2/1/2049 <sup>(m)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD7503 3.50% 8/1/2049 <sup>(m)</sup>  | 2752 | 2509 |
| Freddie Mac Pool #SD7508 3.50% 10/1/2049 <sup>(m)</sup>  | 11284 | 10326 |

---

---

| | |
|:---|:---|
| **34** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QA4396 2.50% 11/1/2049 <sup>(m)</sup>  | USD16 | $13 |
| Freddie Mac Pool #RA1744 4.00% 11/1/2049 <sup>(m)</sup>  | 18854 | 17636 |
| Freddie Mac Pool #QA5125 3.50% 12/1/2049 <sup>(m)</sup>  | 15472 | 14116 |
| Freddie Mac Pool #RA2854 2.50% 6/1/2050 <sup>(m)</sup>  | 252 | 207 |
| Freddie Mac Pool #RA3022 2.50% 6/1/2050 <sup>(m)</sup>  | 45 | 38 |
| Freddie Mac Pool #QB1397 2.50% 7/1/2050 <sup>(m)</sup>  | 2292 | 1885 |
| Freddie Mac Pool #RA3054 2.50% 7/1/2050 <sup>(m)</sup>  | 1306 | 1073 |
| Freddie Mac Pool #RA3055 2.50% 7/1/2050 <sup>(m)</sup>  | 197 | 162 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(m)</sup>  | 344 | 298 |
| Freddie Mac Pool #QB3745 2.50% 9/1/2050 <sup>(m)</sup>  | 394 | 327 |
| Freddie Mac Pool #RA3515 2.50% 9/1/2050 <sup>(m)</sup>  | 109 | 90 |
| Freddie Mac Pool #RA3506 3.00% 9/1/2050 <sup>(m)</sup>  | 2714 | 2349 |
| Freddie Mac Pool #SD7525 2.50% 10/1/2050 <sup>(m)</sup>  | 12375 | 10395 |
| Freddie Mac Pool #RA3771 2.50% 10/1/2050 <sup>(m)</sup>  | 7205 | 5923 |
| Freddie Mac Pool #SD8106 2.00% 11/1/2050 <sup>(m)</sup>  | 46086 | 36363 |
| Freddie Mac Pool #SD7528 2.00% 11/1/2050 <sup>(m)</sup>  | 18422 | 14681 |
| Freddie Mac Pool #RA3987 2.50% 11/1/2050 <sup>(m)</sup>  | 9166 | 7586 |
| Freddie Mac Pool #QB5662 2.50% 11/1/2050 <sup>(m)</sup>  | 1012 | 839 |
| Freddie Mac Pool #QB5799 2.50% 11/1/2050 <sup>(m)</sup>  | 60 | 49 |
| Freddie Mac Pool #RA4206 2.50% 12/1/2050 <sup>(m)</sup>  | 13605 | 11187 |
| Freddie Mac Pool #RA4179 2.50% 12/1/2050 <sup>(m)</sup>  | 1882 | 1548 |
| Freddie Mac Pool #RA4216 2.50% 12/1/2050 <sup>(m)</sup>  | 19 | 16 |
| Freddie Mac Pool #QB7147 2.50% 1/1/2051 <sup>(m)</sup>  | 285 | 235 |
| Freddie Mac Pool #SD0554 2.50% 3/1/2051 <sup>(m)</sup>  | 2188 | 1796 |
| Freddie Mac Pool #QC1187 2.50% 4/1/2051 <sup>(m)</sup>  | 1910 | 1567 |
| Freddie Mac Pool #SI2108 2.50% 4/1/2051 <sup>(m)</sup>  | 869 | 714 |
| Freddie Mac Pool #SD0566 2.50% 4/1/2051 <sup>(m)</sup>  | 294 | 241 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(m)</sup>  | 9995 | 7945 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(m)</sup>  | 52 | 41 |
| Freddie Mac Pool #QC1292 2.50% 5/1/2051 <sup>(m)</sup>  | 2978 | 2452 |
| Freddie Mac Pool #SI2106 2.50% 5/1/2051 <sup>(m)</sup>  | 263 | 217 |
| Freddie Mac Pool #RA5286 2.50% 5/1/2051 <sup>(m)</sup>  | 57 | 47 |
| Freddie Mac Pool #RA5267 3.00% 5/1/2051 <sup>(m)</sup>  | 1689 | 1459 |
| Freddie Mac Pool #QC3428 2.50% 6/1/2051 <sup>(m)</sup>  | 1663 | 1365 |
| Freddie Mac Pool #QC4006 2.50% 6/1/2051 <sup>(m)</sup>  | 498 | 408 |
| Freddie Mac Pool #SD3095 2.50% 7/1/2051 <sup>(m)</sup>  | 4785 | 3929 |
| Freddie Mac Pool #RA5559 2.50% 7/1/2051 <sup>(m)</sup>  | 3768 | 3091 |
| Freddie Mac Pool #QC3551 2.50% 7/1/2051 <sup>(m)</sup>  | 914 | 755 |
| Freddie Mac Pool #QC4225 2.50% 7/1/2051 <sup>(m)</sup>  | 468 | 387 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(m)</sup>  | 599 | 524 |
| Freddie Mac Pool #QC5575 2.50% 8/1/2051 <sup>(m)</sup>  | 79 | 65 |
| Freddie Mac Pool #SD8166 2.00% 9/1/2051 <sup>(m)</sup>  | 780 | 613 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(m)</sup>  | 4231 | 3472 |
| Freddie Mac Pool #SD7545 2.50% 9/1/2051 <sup>(m)</sup>  | 3402 | 2844 |
| Freddie Mac Pool #RA5767 2.50% 9/1/2051 <sup>(m)</sup>  | 1776 | 1458 |
| Freddie Mac Pool #SD5485 2.50% 9/1/2051 <sup>(m)</sup>  | 1073 | 882 |
| Freddie Mac Pool #RA5782 2.50% 9/1/2051 <sup>(m)</sup>  | 520 | 434 |
| Freddie Mac Pool #QC6761 2.50% 9/1/2051 <sup>(m)</sup>  | 109 | 89 |
| Freddie Mac Pool #RA5971 3.00% 9/1/2051 <sup>(m)</sup>  | 22765 | 19811 |
| Freddie Mac Pool #QC6456 3.00% 9/1/2051 <sup>(m)</sup>  | 4273 | 3661 |
| Freddie Mac Pool #RA5901 3.00% 9/1/2051 <sup>(m)</sup>  | 1650 | 1426 |
| Freddie Mac Pool #SD1345 2.50% 10/1/2051 <sup>(m)</sup>  | 11594 | 9513 |
| Freddie Mac Pool #RA6136 2.50% 10/1/2051 <sup>(m)</sup>  | 1350 | 1108 |
| Freddie Mac Pool #SD2880 3.00% 10/1/2051 <sup>(m)</sup>  | 4272 | 3691 |
| Freddie Mac Pool #SD0734 3.00% 10/1/2051 <sup>(m)</sup>  | 1407 | 1225 |
| Freddie Mac Pool #QD1841 2.00% 11/1/2051 <sup>(m)</sup>  | 2042 | 1601 |
| Freddie Mac Pool #RA6347 3.00% 11/1/2051 <sup>(m)</sup>  | 1769 | 1529 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(m)</sup>  | 805 | 633 |
| Freddie Mac Pool #QD2074 2.00% 12/1/2051 <sup>(m)</sup>  | 27 | 22 |
| Freddie Mac Pool #QD2621 2.50% 12/1/2051 <sup>(m)</sup>  | 3495 | 2868 |
| Freddie Mac Pool #RA6483 2.50% 12/1/2051 <sup>(m)</sup>  | 3360 | 2792 |
| Freddie Mac Pool #QD3226 2.50% 12/1/2051 <sup>(m)</sup>  | 657 | 539 |
| Freddie Mac Pool #SD8183 2.50% 12/1/2051 <sup>(m)</sup>  | 175 | 144 |
| Freddie Mac Pool #SD5712 2.50% 1/1/2052 <sup>(m)</sup>  | 2641 | 2179 |
| Freddie Mac Pool #RA6652 2.50% 1/1/2052 <sup>(m)</sup>  | 565 | 465 |
| Freddie Mac Pool #SD7552 2.50% 1/1/2052 <sup>(m)</sup>  | 122 | 102 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **35** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #SD7551 3.00% 1/1/2052 <sup>(m)</sup>  | USD52,358 | $45511 |
| Freddie Mac Pool #SD0813 3.00% 1/1/2052 <sup>(m)</sup>  | 421 | 366 |
| Freddie Mac Pool #SD0803 3.00% 1/1/2052 <sup>(m)</sup>  | 338 | 292 |
| Freddie Mac Pool #SD8193 2.00% 2/1/2052 <sup>(m)</sup>  | 823 | 646 |
| Freddie Mac Pool #QD6848 2.50% 2/1/2052 <sup>(m)</sup>  | 1355 | 1112 |
| Freddie Mac Pool #QD7187 2.50% 2/1/2052 <sup>(m)</sup>  | 784 | 643 |
| Freddie Mac Pool #QE0849 2.50% 2/1/2052 <sup>(m)</sup>  | 457 | 375 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(m)</sup>  | 5058 | 4556 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(m)</sup>  | 4188 | 3283 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(m)</sup>  | 2749 | 2157 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(m)</sup>  | 1595 | 1253 |
| Freddie Mac Pool #QD8010 2.00% 3/1/2052 <sup>(m)</sup>  | 912 | 714 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(m)</sup>  | 170 | 133 |
| Freddie Mac Pool #SD3226 2.50% 3/1/2052 <sup>(m)</sup>  | 2978 | 2444 |
| Freddie Mac Pool #QE0957 2.50% 3/1/2052 <sup>(m)</sup>  | 169 | 140 |
| Freddie Mac Pool #RA7091 2.50% 3/1/2052 <sup>(m)</sup>  | 84 | 69 |
| Freddie Mac Pool #SD7553 3.00% 3/1/2052 <sup>(m)</sup>  | 5137 | 4472 |
| Freddie Mac Pool #RA6909 3.50% 3/1/2052 <sup>(m)</sup>  | 27 | 24 |
| Freddie Mac Pool #RA6945 3.50% 3/1/2052 <sup>(m)</sup>  | 26 | 23 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(m)</sup>  | 1257 | 987 |
| Freddie Mac Pool #QE0312 2.00% 4/1/2052 <sup>(m)</sup>  | 936 | 733 |
| Freddie Mac Pool #SD3478 2.50% 4/1/2052 <sup>(m)</sup>  | 8066 | 6619 |
| Freddie Mac Pool #SD7554 2.50% 4/1/2052 <sup>(m)</sup>  | 1803 | 1505 |
| Freddie Mac Pool #RA7177 2.50% 4/1/2052 <sup>(m)</sup>  | 267 | 219 |
| Freddie Mac Pool #QE1005 2.50% 4/1/2052 <sup>(m)</sup>  | 182 | 149 |
| Freddie Mac Pool #QE1102 2.50% 4/1/2052 <sup>(m)</sup>  | 170 | 140 |
| Freddie Mac Pool #QE0292 2.50% 4/1/2052 <sup>(m)</sup>  | 157 | 129 |
| Freddie Mac Pool #QE0777 3.50% 4/1/2052 <sup>(m)</sup>  | 498 | 446 |
| Freddie Mac Pool #QE1079 3.50% 4/1/2052 <sup>(m)</sup>  | 54 | 48 |
| Freddie Mac Pool #QD9838 3.50% 4/1/2052 <sup>(m)</sup>  | 33 | 30 |
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(m)</sup>  | 588 | 483 |
| Freddie Mac Pool #SD1099 2.50% 5/1/2052 <sup>(m)</sup>  | 129 | 107 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(m)</sup>  | 9243 | 7930 |
| Freddie Mac Pool #SD8219 2.50% 6/1/2052 <sup>(m)</sup>  | 830 | 683 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(m)</sup>  | 8115 | 6954 |
| Freddie Mac Pool #SD8224 2.50% 7/1/2052 <sup>(m)</sup>  | 318 | 261 |
| Freddie Mac Pool #SD3416 2.50% 7/1/2052 <sup>(m)</sup>  | 279 | 229 |
| Freddie Mac Pool #SL0012 3.50% 7/1/2052 <sup>(m)</sup>  | 33 | 30 |
| Freddie Mac Pool #QE8971 3.50% 7/1/2052 <sup>(m)</sup>  | 31 | 28 |
| Freddie Mac Pool #SD1502 4.00% 7/1/2052 <sup>(m)</sup>  | 4957 | 4581 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(m)</sup>  | 757 | 594 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(m)</sup>  | 9312 | 8069 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(m)</sup>  | 208 | 198 |
| Freddie Mac Pool #QF0212 4.50% 9/1/2052 <sup>(m)</sup>  | 941 | 895 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(m)</sup>  | 241 | 229 |
| Freddie Mac Pool #SD1608 4.50% 9/1/2052 <sup>(m)</sup>  | 140 | 133 |
| Freddie Mac Pool #QF0103 5.00% 9/1/2052 <sup>(m)</sup>  | 85064 | 83174 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(m)</sup>  | 2331 | 2285 |
| Freddie Mac Pool #SD8256 4.00% 10/1/2052 <sup>(m)</sup>  | 7974 | 7373 |
| Freddie Mac Pool #QF1236 4.50% 10/1/2052 <sup>(m)</sup>  | 1367 | 1300 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(m)</sup>  | 93 | 88 |
| Freddie Mac Pool #SD8273 3.50% 11/1/2052 <sup>(m)</sup>  | 29667 | 26556 |
| Freddie Mac Pool #SD8276 5.00% 12/1/2052 <sup>(m)</sup>  | 12919 | 12642 |
| Freddie Mac Pool #SD8299 5.00% 2/1/2053 <sup>(m)</sup>  | 533 | 521 |
| Freddie Mac Pool #RA8544 5.50% 2/1/2053 <sup>(m)</sup>  | 17612 | 17562 |
| Freddie Mac Pool #SD8327 3.50% 4/1/2053 <sup>(m)</sup>  | 390 | 349 |
| Freddie Mac Pool #QG2913 4.50% 4/1/2053 <sup>(m)</sup>  | 839 | 797 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(m)</sup>  | 2648 | 2599 |
| Freddie Mac Pool #RA8647 4.50% 5/1/2053 <sup>(m)</sup>  | 94 | 90 |
| Freddie Mac Pool #SD8323 5.00% 5/1/2053 <sup>(m)</sup>  | 2937 | 2871 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(m)</sup>  | 883 | 861 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(m)</sup>  | 1395 | 1392 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(m)</sup>  | 1028 | 1069 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(m)</sup>  | 887 | 922 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(m)</sup>  | 839 | 878 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(m)</sup>  | 831 | 868 |

---

---

| | |
|:---|:---|
| **36** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(m)</sup>  | USD579 | $606 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(m)</sup>  | 455 | 475 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(m)</sup>  | 286 | 296 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(m)</sup>  | 250 | 264 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(m)</sup>  | 76 | 75 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(m)</sup>  | 5347 | 5334 |
| Freddie Mac Pool #QG7411 5.50% 7/1/2053 <sup>(m)</sup>  | 914 | 911 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(m)</sup>  | 319 | 327 |
| Freddie Mac Pool #QG9084 5.50% 8/1/2053 <sup>(m)</sup>  | 3525 | 3516 |
| Freddie Mac Pool #QG9008 5.50% 8/1/2053 <sup>(m)</sup>  | 3251 | 3242 |
| Freddie Mac Pool #QG9628 5.50% 8/1/2053 <sup>(m)</sup>  | 2828 | 2819 |
| Freddie Mac Pool #QG9141 5.50% 8/1/2053 <sup>(m)</sup>  | 1941 | 1936 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(m)</sup>  | 206 | 205 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(m)</sup>  | 3219 | 3274 |
| Freddie Mac Pool #SD8368 6.00% 10/1/2053 <sup>(m)</sup>  | 9648 | 9799 |
| Freddie Mac Pool #SD8390 4.00% 11/1/2053 <sup>(m)</sup>  | 952 | 879 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(m)</sup>  | 9430 | 9213 |
| Freddie Mac Pool #SD4571 5.50% 11/1/2053 <sup>(m)</sup>  | 26547 | 26465 |
| Freddie Mac Pool #SD4816 2.50% 1/1/2054 <sup>(m)</sup>  | 114 | 94 |
| Freddie Mac Pool #SD5856 3.50% 1/1/2054 <sup>(m)</sup>  | 12297 | 11008 |
| Freddie Mac Pool #RJ0668 6.00% 1/1/2054 <sup>(m)</sup>  | 6554 | 6659 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(m)</sup>  | 81 | 83 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(m)</sup>  | 493 | 510 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(m)</sup>  | 680 | 678 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(m)</sup>  | 4856 | 4930 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(m)</sup>  | 2358 | 2348 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(m)</sup>  | 396 | 397 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(m)</sup>  | 296 | 295 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(m)</sup>  | 1661 | 1697 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(m)</sup>  | 187 | 190 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(m)</sup>  | 370 | 376 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(m)</sup>  | 234 | 239 |
| Freddie Mac Pool #SD5334 7.00% 5/1/2054 <sup>(m)</sup>  | 18507 | 19460 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(m)</sup>  | 1918 | 1920 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(m)</sup>  | 2832 | 2893 |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(m)</sup>  | 1996 | 2040 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(m)</sup>  | 94 | 96 |
| Freddie Mac Pool #QI9074 6.00% 6/1/2054 <sup>(m)</sup>  | 95 | 96 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(m)</sup>  | 23216 | 23126 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(m)</sup>  | 5101 | 5086 |
| Freddie Mac Pool #RJ1963 5.50% 7/1/2054 <sup>(m)</sup>  | 2736 | 2725 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(m)</sup>  | 3285 | 3370 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(m)</sup>  | 2383 | 2422 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(m)</sup>  | 1517 | 1539 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(m)</sup>  | 960 | 983 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(m)</sup>  | 816 | 829 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(m)</sup>  | 336 | 342 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(m)</sup>  | 1024 | 1021 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(m)</sup>  | 650 | 648 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(m)</sup>  | 592 | 591 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(m)</sup>  | 104 | 104 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(m)</sup>  | 5222 | 5298 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(m)</sup>  | 3621 | 3707 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(m)</sup>  | 1448 | 1469 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(m)</sup>  | 1224 | 1244 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(m)</sup>  | 572 | 583 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(m)</sup>  | 415 | 421 |
| Freddie Mac Pool #QJ1576 6.50% 8/1/2054 <sup>(m)</sup>  | 3475 | 3592 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(m)</sup>  | 672 | 698 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(m)</sup>  | 559 | 581 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(m)</sup>  | 321 | 332 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(m)</sup>  | 2169 | 2175 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(m)</sup>  | 1765 | 1760 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(m)</sup>  | 983 | 980 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(m)</sup>  | 742 | 744 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(m)</sup>  | 667 | 665 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **37** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(m)</sup>  | USD1,984 | $2017 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(m)</sup>  | 1079 | 1101 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(m)</sup>  | 1005 | 1029 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(m)</sup>  | 938 | 961 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(m)</sup>  | 821 | 833 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(m)</sup>  | 604 | 614 |
| Freddie Mac Pool #SD6404 6.50% 9/1/2054 <sup>(m)</sup>  | 9171 | 9487 |
| Freddie Mac Pool #QJ5643 6.50% 9/1/2054 <sup>(m)</sup>  | 3437 | 3555 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(m)</sup>  | 323 | 334 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(m)</sup>  | 224 | 232 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(m)</sup>  | 114 | 118 |
| Freddie Mac Pool #RJ2664 5.00% 10/1/2054 <sup>(m)</sup>  | 2476 | 2415 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(m)</sup>  | 38497 | 38324 |
| Freddie Mac Pool #SL1418 6.00% 10/1/2054 <sup>(m)</sup>  | 636 | 645 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(m)</sup>  | 11685 | 11382 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(m)</sup>  | 45720 | 45515 |
| Freddie Mac Pool #RJ2913 5.50% 11/1/2054 <sup>(m)</sup>  | 9190 | 9163 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(m)</sup>  | 4074 | 4058 |
| Freddie Mac Pool #RJ2845 6.00% 11/1/2054 <sup>(m)</sup>  | 2498 | 2539 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(m)</sup>  | 1498 | 1521 |
| Freddie Mac Pool #SD8489 4.50% 12/1/2054 <sup>(m)</sup>  | 28898 | 27435 |
| Freddie Mac Pool #SD8491 5.00% 12/1/2054 <sup>(m)</sup>  | 15855 | 15444 |
| Freddie Mac Pool #RJ3017 5.00% 12/1/2054 <sup>(m)</sup>  | 10153 | 9899 |
| Freddie Mac Pool #RJ3163 5.00% 12/1/2054 <sup>(m)</sup>  | 6012 | 5861 |
| Freddie Mac Pool #QX1743 5.00% 12/1/2054 <sup>(m)</sup>  | 1514 | 1477 |
| Freddie Mac Pool #QX2834 5.00% 12/1/2054 <sup>(m)</sup>  | 499 | 487 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(m)</sup>  | 6075 | 6048 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(m)</sup>  | 1865 | 1860 |
| Freddie Mac Pool #QX1233 6.00% 12/1/2054 <sup>(m)</sup>  | 500 | 507 |
| Freddie Mac Pool #QX1087 6.00% 12/1/2054 <sup>(m)</sup>  | 368 | 373 |
| Freddie Mac Pool #RJ4072 4.00% 1/1/2055 <sup>(m)</sup>  | 185 | 171 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(m)</sup>  | 1785 | 1777 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(m)</sup>  | 4840 | 4909 |
| Freddie Mac Pool #RJ3240 6.00% 1/1/2055 <sup>(m)</sup>  | 2154 | 2190 |
| Freddie Mac Pool #RJ3301 6.00% 1/1/2055 <sup>(m)</sup>  | 876 | 896 |
| Freddie Mac Pool #RJ3305 6.00% 1/1/2055 <sup>(m)</sup>  | 615 | 628 |
| Freddie Mac Pool #QX3576 6.00% 1/1/2055 <sup>(m)</sup>  | 380 | 386 |
| Freddie Mac Pool #RJ3241 6.50% 1/1/2055 <sup>(m)</sup>  | 13347 | 13900 |
| Freddie Mac Pool #SD8510 3.50% 2/1/2055 <sup>(m)</sup>  | 1514 | 1354 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(m)</sup>  | 2598 | 2466 |
| Freddie Mac Pool #SD8506 5.50% 2/1/2055 <sup>(m)</sup>  | 5012 | 4989 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(m)</sup>  | 7598 | 7709 |
| Freddie Mac Pool #SL0588 3.50% 3/1/2055 <sup>(m)</sup>  | 947 | 848 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(m)</sup>  | 3335 | 3383 |
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(m)</sup>  | 1308 | 1326 |
| Freddie Mac Pool #QX9923 6.00% 3/1/2055 <sup>(m)</sup>  | 117 | 119 |
| Freddie Mac Pool #QY3684 3.50% 4/1/2055 <sup>(m)</sup>  | 687 | 615 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(m)</sup>  | 5630 | 5483 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(m)</sup>  | 14198 | 14412 |
| Freddie Mac Pool #QY0236 6.00% 4/1/2055 <sup>(m)</sup>  | 13008 | 13194 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(m)</sup>  | 12684 | 12867 |
| Freddie Mac Pool #SL1413 6.00% 4/1/2055 <sup>(m)</sup>  | 9364 | 9500 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(m)</sup>  | 1942 | 1969 |
| Freddie Mac Pool #QX9672 6.00% 4/1/2055 <sup>(m)</sup>  | 476 | 483 |
| Freddie Mac Pool #SD8537 3.50% 5/1/2055 <sup>(m)</sup>  | 489 | 437 |
| Freddie Mac Pool #SD8532 5.00% 5/1/2055 <sup>(m)</sup>  | 11908 | 11598 |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(m)</sup>  | 24090 | 23976 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(m)</sup>  | 86097 | 87326 |
| Freddie Mac Pool #QY3449 6.00% 5/1/2055 <sup>(m)</sup>  | 16137 | 16367 |
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(m)</sup>  | 765 | 776 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(m)</sup>  | 704 | 714 |
| Freddie Mac Pool #RQ0010 4.00% 6/1/2055 <sup>(m)</sup>  | 619 | 572 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(m)</sup>  | 27086 | 26379 |
| Freddie Mac Pool #RQ0013 5.50% 6/1/2055 <sup>(m)</sup>  | 23976 | 23863 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(m)</sup>  | 135237 | 137169 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(m)</sup>  | 12405 | 12582 |

---

---

| | |
|:---|:---|
| **38** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac, Series 3257, Class PA, 5.50% 12/15/2036 <sup>(m)</sup>  | USD241 | $251 |
| Freddie Mac, Series 3286, Class JN, 5.50% 2/15/2037 <sup>(m)</sup>  | 176 | 183 |
| Freddie Mac, Series 3318, Class JT, 5.50% 5/15/2037 <sup>(m)</sup>  | 104 | 109 |
| Freddie Mac, Series K755, Class A2, Multi Family, 5.203% 2/25/2031 <sup>(m)</sup>  | 21362 | 22165 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(i)(m)</sup>  | 1701 | 1592 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class MA, 3.00% 1/25/2056 <sup>(m)</sup>  | 262 | 243 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/2056 <sup>(i)(m)</sup>  | 1725 | 1631 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(m)</sup>  | 2680 | 2493 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(i)(m)</sup>  | 2587 | 2411 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(i)(m)</sup>  | 492 | 442 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(m)</sup>  | 404 | 362 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/2057 <sup>(m)</sup>  | 805 | 773 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/25/2058 <sup>(m)</sup>  | 4879 | 4661 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(m)</sup>  | 3594 | 3319 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(m)</sup>  | 1815 | 1758 |
| Government National Mortgage Assn. 4.00% 8/1/2055 <sup>(m)(n)</sup>  | 888 | 818 |
| Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 <sup>(m)</sup>  | 256 | 247 |
| Government National Mortgage Assn. Pool #BD3903 4.00% 1/20/2048 <sup>(m)</sup>  | 4233 | 3921 |
| Government National Mortgage Assn. Pool #BE3194 4.00% 1/20/2048 <sup>(m)</sup>  | 924 | 857 |
| Government National Mortgage Assn. Pool #MA5192 4.00% 5/20/2048 <sup>(m)</sup>  | 3146 | 2947 |
| Government National Mortgage Assn. Pool #MA6217 2.50% 10/20/2049 <sup>(m)</sup>  | 27 | 23 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(m)</sup>  | 49163 | 39732 |
| Government National Mortgage Assn. Pool #MA7534 2.50% 8/20/2051 <sup>(m)</sup>  | 33428 | 28148 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(m)</sup>  | 863 | 727 |
| Government National Mortgage Assn. Pool #MA8150 4.00% 7/20/2052 <sup>(m)</sup>  | 21 | 19 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(m)</sup>  | 2665 | 2477 |
| Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/2052 <sup>(m)</sup>  | 1641 | 1524 |
| Government National Mortgage Assn. Pool #MA8799 4.50% 4/20/2053 <sup>(m)</sup>  | 24256 | 23129 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(m)</sup>  | 4685 | 4467 |
| Government National Mortgage Assn. Pool #MA9722 4.00% 6/20/2054 <sup>(m)</sup>  | 1725 | 1591 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(m)</sup>  | 4544 | 3362 |
| Uniform Mortgage-Backed Security 2.00% 8/1/2055 <sup>(m)(n)</sup>  | 4935 | 3862 |
| Uniform Mortgage-Backed Security 2.50% 8/1/2055 <sup>(m)(n)</sup>  | 13258 | 10866 |
| Uniform Mortgage-Backed Security 3.00% 8/1/2055 <sup>(m)(n)</sup>  | 2500 | 2140 |
| Uniform Mortgage-Backed Security 4.50% 8/1/2055 <sup>(m)(n)</sup>  | 10 | 10 |
| Uniform Mortgage-Backed Security 5.00% 8/1/2055 <sup>(m)(n)</sup>  | 15793 | 15373 |
| Uniform Mortgage-Backed Security 5.50% 8/1/2055 <sup>(m)(n)</sup>  | 25848 | 25715 |
| Uniform Mortgage-Backed Security 6.00% 8/1/2055 <sup>(m)(n)</sup>  | 69512 | 70484 |
| Uniform Mortgage-Backed Security 6.50% 8/1/2055 <sup>(m)(n)</sup>  | 336404 | 347024 |
| Uniform Mortgage-Backed Security 2.50% 9/1/2055 <sup>(m)(n)</sup>  | 43279 | 35483 |
| Uniform Mortgage-Backed Security 4.00% 9/1/2055 <sup>(m)(n)</sup>  | 2468 | 2275 |
| Uniform Mortgage-Backed Security 6.50% 9/1/2055 <sup>(m)(n)</sup>  | 271975 | 280295 |
| Uniform Mortgage-Backed Security 7.00% 9/1/2055 <sup>(m)(n)</sup>  | 41852 | 43917 |
|  |  | 4446128 |
| **Commercial mortgage-backed securities 0.59%** | **Commercial mortgage-backed securities 0.59%** | **Commercial mortgage-backed securities 0.59%** |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 6.085% 6/15/2040 <sup>(g)(i)(m)</sup>  | 14910 | 15019 |
| AMSR Trust, Series 2021-SFR3, Class A, 1.476% 10/17/2038 <sup>(g)(m)</sup>  | 11195 | 10761 |
| AMSR Trust, Series 2025-SFR1, Class A, 3.655% 6/17/2042 <sup>(g)(m)</sup>  | 5897 | 5599 |
| AMSR Trust, Series 2025-SFR1, Class D, 3.655% 6/17/2042 <sup>(g)(m)</sup>  | 1704 | 1564 |
| AMSR Trust, Series 2025-SFR1, Class C, 3.655% 6/17/2042 <sup>(g)(m)</sup>  | 1463 | 1357 |
| AMSR Trust, Series 2025-SFR1, Class B, 3.655% 6/17/2042 <sup>(g)(m)</sup>  | 1386 | 1299 |
| ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 6.034% <br>7/15/2041 <sup>(g)(i)(m)</sup>  | 1566 | 1574 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.935% 11/10/2029 <sup>(g)(i)(m)</sup>  | 7871 | 7960 |
| Bank Commercial Mortgage Trust, Series 2024-BNK48, Class AS, 5.355% 10/15/2034 <sup>(i)(m)</sup>  | 1532 | 1523 |
| Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 2/15/2052 <sup>(m)</sup>  | 1810 | 1767 |
| Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 4/15/2052 <sup>(m)</sup>  | 240 | 232 |
| Bank Commercial Mortgage Trust, Series 2022-BNK43, Class A5, 4.399% 8/15/2055 <sup>(m)</sup>  | 2230 | 2147 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class A5, 5.203% 2/15/2056 <sup>(m)</sup>  | 1135 | 1144 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class A3, 6.50% 12/15/2056 <sup>(m)</sup>  | 10734 | 11261 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class AS, 7.274% 12/15/2056 <sup>(i)(m)</sup>  | 3328 | 3539 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class A3, 5.614% 8/15/2057 <sup>(m)</sup>  | 7320 | 7554 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(m)</sup>  | 2190 | 2279 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(i)(m)</sup>  | 6459 | 6746 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **39** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(i)(m)</sup>  | USD3,040 | $3159 |
| Bank Commercial Mortgage Trust, Series 2025-BNK49, Class A5, 5.623% 3/15/2058 <sup>(i)(m)</sup>  | 11109 | 11581 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class AS, 6.072% 4/15/2058 <sup>(m)</sup>  | 16947 | 17648 |
| Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 2/15/2061 <sup>(m)</sup>  | 480 | 470 |
| Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 2/17/2061 <sup>(m)</sup>  | 294 | 286 |
| Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 5/15/2061 <sup>(i)(m)</sup>  | 5772 | 5720 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/2061 <sup>(m)</sup>  | 5655 | 5277 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class A4, 3.584% 5/15/2062 <sup>(m)</sup>  | 3260 | 3084 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/2063 <sup>(m)</sup>  | 3772 | 3388 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C16, Class A5, 4.60% 6/15/2055 <sup>(i)(m)</sup>  | 780 | 763 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class A5, 5.451% 4/15/2056 <sup>(m)</sup>  | 5296 | 5426 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C21, Class A5, 6.00% 9/15/2056 <sup>(i)(m)</sup>  | 3200 | 3399 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(m)</sup>  | 2906 | 2986 |
| Benchmark Mortgage Trust, Series 2018-B2, Class A5, 3.882% 2/15/2051 <sup>(i)(m)</sup>  | 5718 | 5594 |
| Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/2051 <sup>(m)</sup>  | 4806 | 4717 |
| Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 1/15/2052 <sup>(m)</sup>  | 5996 | 5852 |
| Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 3/15/2053 <sup>(m)</sup>  | 3146 | 2779 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(i)(m)</sup>  | 3037 | 3004 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(m)</sup>  | 3351 | 3455 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(i)(m)</sup>  | 930 | 961 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(m)</sup>  | 983 | 1002 |
| Benchmark Mortgage Trust, Series 2024-V11, Class AM, 6.201% 11/15/2057 <sup>(m)</sup>  | 2702 | 2811 |
| Benchmark Mortgage Trust, Series 2025-V14, Class A4, 5.66% 4/15/2058 <sup>(m)</sup>  | 11006 | 11424 |
| Benchmark Mortgage Trust, Series 2025-V14, Class AM, 6.09% 4/15/2058 <sup>(m)</sup>  | 5802 | 6024 |
| BFLD Trust, Series 2024-WRHS, Class A, (1-month USD CME Term SOFR + 1.492%) 5.834% 8/15/2026 <sup>(g)(i)(m)</sup>  | 7416 | 7426 |
| BFLD Trust, Series 24-WRHS, Class B, (1-month USD CME Term SOFR + 1.99%) 6.392% 8/15/2026 <sup>(g)(i)(m)</sup>  | 5065 | 5074 |
| BMO Mortgage Trust, Series 2022-C2, Class A5, 4.974% 7/15/2054 <sup>(i)(m)</sup>  | 3460 | 3452 |
| BMO Mortgage Trust, Series 2023-C5, Class A5, 5.765% 6/15/2056 <sup>(m)</sup>  | 1962 | 2037 |
| BMO Mortgage Trust, Series 2024-5C8, Class A3, 5.625% 12/15/2057 <sup>(i)(m)</sup>  | 11120 | 11469 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(i)(m)</sup>  | 2300 | 2373 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(m)</sup>  | 17244 | 17931 |
| BMO Mortgage Trust, Series 2025-5C9, Class AS, 6.165% 4/15/2058 <sup>(i)(m)</sup>  | 9284 | 9672 |
| Boca Commercial Mortgage Trust, Series 2024-BOCA, Class A, (1-month USD CME Term SOFR + 1.921%) 6.263% <br> 8/15/2041 <sup>(g)(i)(m)</sup>  | 8000 | 8048 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, (1-month USD CME Term SOFR + 1.293%) 5.635% <br> 12/15/2039 <sup>(g)(i)(m)</sup>  | 8120 | 8152 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class B, (1-month USD CME Term SOFR + 1.642%) 5.984% <br> 12/15/2039 <sup>(g)(i)(m)</sup>  | 1533 | 1539 |
| BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) 5.784% 11/15/2026 <sup>(g)(i)(m)</sup>  | 12373 | 12424 |
| BX Trust, Series 2024-FNX, Class B, (1-month USD CME Term SOFR + 1.742%) 6.084% 11/15/2026 <sup>(g)(i)(m)</sup>  | 3363 | 3374 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.784% 4/15/2029 <sup>(g)(i)(m)</sup>  | 9468 | 9508 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.883% 5/15/2034 <sup>(g)(i)(m)</sup>  | 3493 | 3499 |
| BX Trust, Series 2021-SDMF, Class A, (1-month USD CME Term SOFR + 0.703%) 5.045% 9/15/2034 <sup>(g)(i)(m)</sup>  | 9347 | 9329 |
| BX Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 5.156% 9/15/2036 <sup>(g)(i)(m)</sup>  | 7386 | 7374 |
| BX Trust, Series 2021-VOLT, Class B, (1-month USD CME Term SOFR + 1.064%) 5.406% 9/15/2036 <sup>(g)(i)(m)</sup>  | 213 | 213 |
| BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.355% 10/15/2036 <sup>(g)(i)(m)</sup>  | 11621 | 11621 |
| BX Trust, Series 2021-ARIA, Class B, (1-month USD CME Term SOFR + 1.411%) 5.753% 10/15/2036 <sup>(g)(i)(m)</sup>  | 9946 | 9950 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.833% 4/15/2037 <sup>(g)(i)(m)</sup>  | 6186 | 6195 |
| BX Trust, Series 2021-SOAR, Class A, (1-month USD CME Term SOFR + 0.784%) 5.126% 6/15/2038 <sup>(g)(i)(m)</sup>  | 6112 | 6111 |
| BX Trust, Series 2021-SOAR, Class B, (1-month USD CME Term SOFR + 0.984%) 5.326% 6/15/2038 <sup>(g)(i)(m)</sup>  | 1790 | 1790 |
| BX Trust, Series 2021-SOAR, Class C, (1-month USD CME Term SOFR + 1.214%) 5.556% 6/15/2038 <sup>(g)(i)(m)</sup>  | 1616 | 1616 |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 5.306% 11/15/2038 <sup>(g)(i)(m)</sup>  | 9008 | 9011 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 5.332% 2/15/2039 <sup>(g)(i)(m)</sup>  | 12167 | 12164 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 6.033% 8/15/2039 <sup>(g)(i)(m)</sup>  | 26485 | 26612 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(g)(i)(m)</sup>  | 17828 | 17994 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.884% 11/15/2041 <sup>(g)(i)(m)</sup>  | 10869 | 10912 |
| BX Trust, Series 2024-GPA2, Class B, (1-month USD CME Term SOFR + 1.892%) 6.234% 11/15/2041 <sup>(g)(i)(m)</sup>  | 4935 | 4957 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 6.233% 7/15/2041 <sup>(g)(i)(m)</sup>  | 4768 | 4783 |
| CALI Mortgage Trust, Series 24-SUN, Class B, (1-month USD CME Term SOFR + 2.34%) 6.682% 7/15/2041 <sup>(g)(i)(m)</sup>  | 5091 | 5111 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.984% 8/15/2041 <sup>(g)(i)(m)</sup>  | 12536 | 12547 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(g)(i)(m)</sup>  | 8114 | 8331 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(m)</sup>  | 1440 | 1424 |
| Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 5/10/2049 <sup>(m)</sup>  | 350 | 344 |
| CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.044% 4/15/2050 <sup>(i)(m)</sup>  | 450 | 431 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/10/2040 <sup>(g)(m)</sup>  | 6864 | 7149 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.804% 9/10/2040 <sup>(g)(m)</sup>  | 3537 | 3708 |

---

---

| | |
|:---|:---|
| **40** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** |
| DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.14% 9/10/2040 <sup>(g)(i)(m)</sup>  | USD2,720 | $2859 |
| Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 5/10/2049 <sup>(m)</sup>  | 400 | 392 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(g)(i)(m)</sup>  | 10371 | 10371 |
| ELM Trust 2024, Series 2024-ELM, Class A10, 5.801% 6/10/2039 <sup>(g)(i)(m)</sup>  | 2190 | 2207 |
| ELM Trust 2024, Series 2024-ELM, Class A15, 5.801% 6/10/2039 <sup>(g)(i)(m)</sup>  | 1928 | 1943 |
| ELM Trust 2024, Series 2024-ELM, Class B10, 5.995% 6/10/2039 <sup>(g)(i)(m)</sup>  | 880 | 886 |
| Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD CME Term SOFR + 1.194%) 5.536% <br>7/15/2038 <sup>(g)(i)(m)</sup>  | 3871 | 3876 |
| Extended Stay America Trust, Series 2021-ESH, Class B, (1-month USD CME Term SOFR + 1.494%) 5.836% <br> 7/15/2038 <sup>(g)(i)(m)</sup>  | 3533 | 3539 |
| Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD CME Term SOFR + 1.814%) 6.156% <br>7/15/2038 <sup>(g)(i)(m)</sup>  | 3690 | 3699 |
| Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD CME Term SOFR + 2.364%) 6.706% <br>7/15/2038 <sup>(g)(i)(m)</sup>  | 1619 | 1623 |
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037 <sup>(g)(m)</sup>  | 6761 | 6693 |
| FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.145% 5/17/2039 <sup>(g)(m)</sup>  | 4143 | 4102 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.792% <br> 12/15/2029 <sup>(g)(i)(m)</sup>  | 6068 | 6087 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 6.153% 8/15/2039 <sup>(g)(i)(m)</sup>  | 8000 | 8032 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 6.033% 5/15/2041 <sup>(g)(i)(m)</sup>  | 19885 | 20004 |
| GS Mortgage Securities Trust, Series 2023-SHIP, Class B, 4.936% 9/15/2038 <sup>(g)(i)(m)</sup>  | 2632 | 2623 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.31% 3/10/2041 <sup>(g)(i)(m)</sup>  | 3831 | 3829 |
| GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/2050 <sup>(m)</sup>  | 940 | 912 |
| GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 2/10/2052 <sup>(m)</sup>  | 240 | 233 |
| GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/2053 <sup>(m)</sup>  | 6571 | 5909 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.735% <br>3/15/2042 <sup>(g)(i)(m)</sup>  | 10765 | 10780 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) 6.084% <br>3/15/2042 <sup>(g)(i)(m)</sup>  | 1617 | 1620 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 6.382% <br>3/15/2042 <sup>(g)(i)(m)</sup>  | 422 | 423 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.903% <br>3/15/2042 <sup>(g)(i)(m)</sup>  | 1901 | 1906 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 7.632% 3/15/2042 <sup>(g)(i)(m)</sup>  | 5388 | 5285 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(g)(i)(m)</sup>  | 7802 | 7932 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 6.072% 5/10/2039 <sup>(g)(i)(m)</sup>  | 591 | 597 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(g)(i)(m)</sup>  | 26828 | 27529 |
| Invitation Homes Trust, Series 2024-SFR1, Class B, 4.00% 9/17/2041 <sup>(g)(m)</sup>  | 2450 | 2352 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 3/15/2050 <sup>(m)</sup>  | 1510 | 1469 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 10/15/2050 <sup>(m)</sup>  | 560 | 542 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(g)(m)</sup>  | 3421 | 3119 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(g)(m)</sup>  | 1165 | 1043 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45% 1/5/2039 <sup>(g)(i)(m)</sup>  | 328 | 280 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 12/15/2049 <sup>(i)(m)</sup>  | 4810 | 4728 |
| JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.935% 11/15/2039 <sup>(g)(i)(m)</sup>  | 3453 | 3462 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(g)(m)</sup>  | 15628 | 14743 |
| MHC Commercial Mortgage Trust, CMO, Series 2021-MHC, Class A, (1-month USD CME Term SOFR + 0.915%) <br> 5.257% 4/15/2038 <sup>(g)(i)(m)</sup>  | 785 | 786 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 4/15/2048 <sup>(m)</sup>  | 210 | 206 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(m)</sup>  | 2795 | 2727 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 12/15/2049 <sup>(m)</sup>  | 580 | 572 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class AS, 6.011% 3/15/2058 <sup>(m)</sup>  | 21684 | 22367 |
| Morgan Stanley Capital I Trust, Series 2015-UBS8, Class AS, 4.114% 12/15/2048 <sup>(m)</sup>  | 1000 | 986 |
| Morgan Stanley Capital I Trust, Series 2022-L8, Class A5, 3.918% 4/15/2055 <sup>(i)(m)</sup>  | 590 | 544 |
| Multifamily Connecticut Avenue Securities, Series 2024-01, Class M10, (30-day Average USD-SOFR + 3.85%) <br> 8.20% 7/25/2054 <sup>(g)(i)(m)</sup>  | 2427 | 2531 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.75% 5/25/2055 <sup>(g)(i)(m)</sup>  | 1443 | 1450 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 7.45% 5/25/2055 <sup>(g)(i)(m)</sup>  | 2583 | 2598 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% 2/10/2047 <sup>(g)(i)(m)</sup>  | 613 | 632 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.734% <br> 5/15/2039 <sup>(g)(i)(m)</sup>  | 12566 | 12581 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 6.083% <br> 5/15/2039 <sup>(g)(i)(m)</sup>  | 486 | 485 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **41** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** |
| SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/2041 <sup>(g)(m)</sup>  | USD5,645 | $4941 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 5.187% 11/15/2038 <sup>(g)(i)(m)</sup>  | 8066 | 8068 |
| StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 5.342% 1/15/2039 <sup>(g)(i)(m)</sup>  | 19555 | 19514 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.785% 3/15/2042 <sup>(g)(i)(m)</sup>  | 18296 | 18233 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class A, (1-month USD CME Term SOFR + 1.492%) <br> 5.834% 11/15/2041 <sup>(g)(i)(m)</sup>  | 7000 | 7021 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class B, (1-month USD CME Term SOFR + 1.842%) <br> 6.184% 11/15/2041 <sup>(g)(i)(m)</sup>  | 2743 | 2754 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class C, (1-month USD CME Term SOFR + 2.241%) <br> 6.583% 11/15/2041 <sup>(g)(i)(m)</sup>  | 672 | 676 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A4, 3.789% 9/15/2048 <sup>(m)</sup>  | 1475 | 1471 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class AS, 3.484% 6/15/2049 <sup>(m)</sup>  | 185 | 181 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 12/15/2049 <sup>(m)</sup>  | 6015 | 5923 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 12/15/2052 <sup>(m)</sup>  | 2405 | 2254 |
| Wells Fargo Commercial Mortgage Trust, Series 2022-C62, Class A4, 4.00% 4/15/2055 <sup>(i)(m)</sup>  | 2580 | 2428 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(m)</sup>  | 690 | 719 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class AS, 3.988% 1/15/2059 <sup>(m)</sup>  | 150 | 148 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 1/15/2060 <sup>(m)</sup>  | 480 | 472 |
| WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 7.131% 11/15/2027 <sup>(g)(i)(m)</sup>  | 13994 | 14058 |
|  |  | 794745 |
| **Collateralized mortgage-backed obligations (privately originated) 0.34%** | **Collateralized mortgage-backed obligations (privately originated) 0.34%** | **Collateralized mortgage-backed obligations (privately originated) 0.34%** |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(g)(k)(m)</sup>  | 13975 | 13966 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(g)(i)(m)</sup>  | 1862 | 1670 |
| Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055 <sup>(g)(m)</sup>  | 189 | 180 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(g)(k)(m)</sup>  | 3274 | 3153 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(g)(i)(m)</sup>  | 1396 | 1307 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(g)(i)(m)</sup>  | 1186 | 1160 |
| BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% <br>on 11/1/2027) <sup>(g)(k)(m)</sup>  | 1963 | 1975 |
| BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, 5.943% 12/1/2063 (6.943% on 1/1/2028) <sup>(g)(k)(m)</sup>  | 889 | 891 |
| BRAVO Residential Funding Trust, Series 2024-NQM7, Class A1, 5.554% 10/27/2064 (6.554% on <br>10/1/2028) <sup>(g)(k)(m)</sup>  | 5499 | 5503 |
| Cascade Funding Mortgage Trust, Series 2024-NR1, Class A1, 6.405% 11/25/2029 (9.405% on <br>11/25/2027) <sup>(g)(k)(m)</sup>  | 1653 | 1659 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(g)(i)(m)</sup>  | 224 | 222 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(g)(i)(m)</sup>  | 18814 | 18366 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(g)(k)(m)</sup>  | 599 | 587 |
| Chase Mortgage Finance Corp., Series 2024-RPL2, Class A1B, 3.25% 8/25/2064 <sup>(g)(i)(m)</sup>  | 5371 | 4713 |
| Chase Mortgage Finance Corp., Series 2024-RPL2, Class A1A, 3.25% 8/25/2064 <sup>(g)(i)(m)</sup>  | 3411 | 3010 |
| CIM Trust, Series 2024-R1, Class A1, 4.75% 6/25/2064 <sup>(g)(i)(m)</sup>  | 2089 | 2067 |
| CIM Trust, Series 2025-R1, Class A1, 5.00% 2/25/2099 (8.00% on 3/1/2028) <sup>(g)(k)(m)</sup>  | 5976 | 5903 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(g)(i)(m)</sup>  | 291 | 271 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(g)(k)(m)</sup>  | 1013 | 1026 |
| COLT Funding, LLC, Series 2024-INV3, Class A1, 5.443% 9/25/2069 (6.443% on 8/1/2028) <sup>(g)(k)(m)</sup>  | 6247 | 6241 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(g)(i)(m)</sup>  | 1807 | 1618 |
| Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.75% <br> 12/25/2042 <sup>(g)(i)(m)</sup>  | 2652 | 2712 |
| Connecticut Avenue Securities Trust, Series 2023-R08, Class 1M1, (30-day Average USD-SOFR + 1.50%) 5.85% <br> 10/25/2043 <sup>(g)(i)(m)</sup>  | 1837 | 1844 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) 5.40% <br> 1/25/2044 <sup>(g)(i)(m)</sup>  | 2036 | 2036 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2, (30-day Average USD-SOFR + 1.80%) 6.15% <br> 1/25/2044 <sup>(g)(i)(m)</sup>  | 1614 | 1634 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1B1, (30-day Average USD-SOFR + 2.70%) 7.05% <br> 1/25/2044 <sup>(g)(i)(m)</sup>  | 2985 | 3080 |
| Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M2, (30-day Average USD-SOFR + 1.80%) 6.150% <br> 2/25/2044 <sup>(g)(i)(m)</sup>  | 3432 | 3471 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.45% <br>5/25/2044 <sup>(g)(i)(m)</sup>  | 863 | 863 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M2, (30-day Average USD-SOFR + 1.65%) 6.00% <br> 5/25/2044 <sup>(g)(i)(m)</sup>  | 1464 | 1474 |

---

---

| | |
|:---|:---|
| **42** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1B1, (30-day Average USD-SOFR + 2.20%) 6.55% <br> 5/25/2044 <sup>(g)(i)(m)</sup>  | USD889 | $904 |
| Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2, (30-day Average USD-SOFR + 1.60%) 5.95% <br> 9/25/2044 <sup>(g)(i)(m)</sup>  | 1098 | 1104 |
| Connecticut Avenue Securities, Series 2025-R01, Class 1A1, (30-day Average USD-SOFR + 0.95%) 5.30% <br> 1/25/2045 <sup>(g)(i)(m)</sup>  | 2431 | 2431 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) 5.50% <br> 2/25/2045 <sup>(g)(i)(m)</sup>  | 2037 | 2039 |
| Countrywide Alternative Loan Trust, Series 2005-54CB, Class 2A5, 5.50% 11/25/2035 <sup>(m)</sup>  | 1593 | 829 |
| Countrywide Alternative Loan Trust, Series 2007-HY4, Class 3A1, 4.331% 6/25/2047 <sup>(i)(m)</sup>  | 775 | 694 |
| CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 9/25/2034 <sup>(m)</sup>  | 223 | 225 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(g)(m)</sup>  | 14406 | 13872 |
| Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 9/25/2051 <sup>(g)(i)(m)</sup>  | 5544 | 4466 |
| Flagstar Mortgage Trust, Series 2021-11INV, Class A4, 2.50% 11/25/2051 <sup>(g)(i)(m)</sup>  | 6185 | 4991 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.50% 9/25/2042 <sup>(g)(i)(m)</sup>  | 690 | 696 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA1, Class A1, (30-day Average <br> USD-SOFR + 1.35%) 5.70% 2/25/2044 <sup>(g)(i)(m)</sup>  | 3138 | 3154 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.55% 5/25/2044 <sup>(g)(i)(m)</sup>  | 2669 | 2677 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.25%) 5.60% 5/25/2044 <sup>(g)(i)(m)</sup>  | 11222 | 11275 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M1, (30-day Average <br> USD-SOFR + 1.00%) 5.35% 10/25/2044 <sup>(g)(i)(m)</sup>  | 1231 | 1231 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class A1, (30-day Average <br> USD-SOFR + 1.05%) 5.40% 10/25/2044 <sup>(g)(i)(m)</sup>  | 1798 | 1799 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M2, (30-day Average <br> USD-SOFR + 1.45%) 5.80% 10/25/2044 <sup>(g)(i)(m)</sup>  | 1142 | 1145 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.10%) 5.45% 5/25/2045 <sup>(g)(i)(m)</sup>  | 1419 | 1421 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.55% 5/25/2045 <sup>(g)(i)(m)</sup>  | 2566 | 2571 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average USD-SOFR <br> + 5.364%) 9.714% 1/25/2050 <sup>(g)(i)(m)</sup>  | 4360 | 4774 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average USD-SOFR <br> + 4.914%) 9.264% 2/25/2050 <sup>(g)(i)(m)</sup>  | 5790 | 6366 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average USD-SOFR <br> + 10.114%) 14.464% 8/25/2050 <sup>(g)(i)(m)</sup>  | 5306 | 7018 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average USD-SOFR <br> + 11.50%) 15.812% 10/25/2050 <sup>(g)(i)(m)</sup>  | 7758 | 10776 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(g)(k)(m)</sup>  | 1254 | 1261 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on 2/1/2028) <sup>(g)(k)(m)</sup>  | 1214 | 1180 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(g)(m)</sup>  | 5418 | 5213 |
| HOMES Trust, Series 2024-NQM1, Class A1, 5.915% 7/25/2069 (6.915% on 7/1/2028) <sup>(g)(k)(m)</sup>  | 4158 | 4173 |
| IndyMac INDX Mortgage Loan Trust, Series 2006-AR5, Class 2A1, 3.734% 5/25/2036 <sup>(i)(m)</sup>  | 1047 | 1010 |
| IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047 <sup>(g)(i)(m)</sup>  | 10216 | 10286 |
| JPMorgan Mortgage Trust, Series 2020-INV1, Class A3, 3.50% 8/25/2050 <sup>(g)(i)(m)</sup>  | 461 | 412 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(g)(m)</sup>  | 819 | 819 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(g)(k)(m)</sup>  | 4174 | 4189 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 <sup>(g)(i)(m)</sup>  | 2356 | 2399 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% on <br> 5/1/2028) <sup>(g)(k)(m)</sup>  | 5756 | 5805 |
| New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1, 5.566% 4/25/2065 <sup>(g)(k)(m)</sup>  | 7187 | 7217 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(g)(i)(m)</sup>  | 1210 | 1113 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2024-HYB1, Class A1, 3.646% 3/25/2053 <sup>(g)(i)(m)</sup>  | 2155 | 2122 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2025-NQM8, Class A1, 5.472% 3/25/2065 (6.472% on <br> 5/1/2029) <sup>(g)(k)(m)</sup>  | 4314 | 4321 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 3/25/2028 (6.988% on 3/1/2028) <sup>(g)(k)(m)</sup>  | 1872 | 1881 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.672% 4/25/2053 <sup>(g)(i)(m)</sup>  | 4227 | 4190 |
| Onslow Bay Financial, LLC, Series 2022-NQM5, Class A1, 4.31% 5/25/2062 (5.31% on 5/1/2026) <sup>(g)(k)(m)</sup>  | 16737 | 16666 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(g)(k)(m)</sup>  | 15647 | 15578 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(g)(k)(m)</sup>  | 3545 | 3567 |
| Onslow Bay Financial, LLC, Series 2024-NQM6, Class A1, 6.447% 2/25/2064 (7.447% on 4/1/2028) <sup>(g)(k)(m)</sup>  | 3084 | 3117 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(g)(k)(m)</sup>  | 1981 | 1997 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(g)(k)(m)</sup>  | 9885 | 9953 |
| Onslow Bay Financial, LLC, Series 2024-NQM17, Class A1, 5.61% 11/25/2064 (6.61% on 11/1/2028) <sup>(g)(k)(m)</sup>  | 2288 | 2289 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **43** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(g)(k)(m)</sup>  | USD11,917 | $11951 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(g)(k)(m)</sup>  | 1651 | 1653 |
| PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 <sup>(g)(i)(m)</sup>  | 1768 | 1780 |
| Progress Residential Trust, Series 2024-SFR5, Class B, 3.25% 8/9/2029 <sup>(g)(m)</sup>  | 3581 | 3345 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(g)(m)</sup>  | 5129 | 5004 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(g)(m)</sup>  | 2625 | 2557 |
| Progress Residential Trust, Series 2024-SFR1, Class A, 3.35% 2/17/2041 <sup>(g)(m)</sup>  | 4993 | 4768 |
| Progress Residential Trust, Series 2024-SFR2, Class A, 3.30% 4/17/2041 <sup>(g)(m)</sup>  | 3617 | 3440 |
| Progress Residential Trust, Series 2024-SFR2, Class D, 3.40% 4/17/2041 <sup>(g)(i)(m)</sup>  | 2709 | 2514 |
| Progress Residential Trust, Series 2024-SFR2, Class B, 3.40% 4/17/2041 <sup>(g)(i)(m)</sup>  | 1671 | 1579 |
| Progress Residential Trust, Series 2025-SFR1, Class C, 3.65% 2/17/2042 <sup>(g)(m)</sup>  | 1979 | 1849 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(g)(m)</sup>  | 5120 | 4803 |
| Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 2/25/2048 <sup>(g)(i)(m)</sup>  | 104 | 97 |
| Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) <br> 6.092% 10/17/2041 <sup>(g)(i)(m)</sup>  | 8656 | 8719 |
| Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.792% 2/17/2042 <sup>(g)(i)(m)</sup>  | 1918 | 1921 |
| Structured Adjustable Rate Mortgage Loan Trust, Series 2006-4, Class 6A, 3.891% 5/25/2036 <sup>(i)(m)</sup>  | 917 | 520 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(g)(i)(m)</sup>  | 952 | 937 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(g)(i)(m)</sup>  | 988 | 980 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(g)(i)(m)</sup>  | 385 | 383 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(g)(i)(m)</sup>  | 758 | 749 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(g)(i)(m)</sup>  | 466 | 460 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(g)(m)</sup>  | 5545 | 5339 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.078% 7/25/2065 <sup>(g)(i)(m)</sup>  | 2288 | 2316 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(c)(g)</sup>  | 8603 | 8603 |
| Tricon Residential Trust, Series 2024-SFR1, Class A, 4.65% 4/17/2041 <sup>(g)(m)</sup>  | 2709 | 2693 |
| Tricon Residential Trust, Series 2024-SFR1, Class B, 4.75% 4/17/2041 <sup>(g)(m)</sup>  | 891 | 881 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(g)(m)</sup>  | 5975 | 5913 |
| Tricon Residential Trust, Series 2024-SFR3, Class B, 5.00% 8/17/2041 <sup>(g)(m)</sup>  | 2609 | 2595 |
| Tricon Residential Trust, Series 2024-SFR4, Class A, 4.30% 11/17/2041 <sup>(g)(m)</sup>  | 13425 | 13173 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(g)(k)(m)</sup>  | 4542 | 4571 |
| Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027) <sup>(g)(k)(m)</sup>  | 1446 | 1444 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(g)(k)(m)</sup>  | 853 | 854 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(g)(k)(m)</sup>  | 4215 | 4235 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(g)(k)(m)</sup>  | 2538 | 2555 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(g)(k)(m)</sup>  | 7245 | 7317 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(g)(k)(m)</sup>  | 2053 | 2071 |
| Verus Securitization Trust, Series 2024-5, Class A2, 6.446% 6/25/2069 (7.446% on 6/1/2028) <sup>(g)(k)(m)</sup>  | 1164 | 1174 |
| Verus Securitization Trust, Series 2024-4, Class A2, 6.572% 6/25/2069 (7.572% on 5/1/2028) <sup>(g)(k)(m)</sup>  | 1610 | 1627 |
| Verus Securitization Trust, Series 2024-6, Class A1, 5.799% 7/25/2069 (6.799% on 7/1/2028) <sup>(g)(k)(m)</sup>  | 3873 | 3893 |
| Verus Securitization Trust, Series 2024-6, Class A2, 6.053% 7/25/2069 (7.053% on 7/1/2028) <sup>(g)(k)(m)</sup>  | 1206 | 1210 |
| Verus Securitization Trust, Series 24-R1, Class A1, 5.218% 9/25/2069 (6.218% on 10/1/2028) <sup>(g)(k)(m)</sup>  | 5128 | 5102 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(g)(i)(m)</sup>  | 2993 | 2989 |
| Verus Securitization Trust, Series 2024-8, Class A2, 5.618% 10/25/2069 (6.618% on 10/1/2028) <sup>(g)(k)(m)</sup>  | 2223 | 2217 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(g)(i)(m)</sup>  | 2942 | 2939 |
| VM Fund I, LLC 8.625% 1/15/2028 <sup>(c)(g)</sup>  | 11536 | 11363 |
|  |  | 446901 |
| **Total mortgage-backed obligations** |  | 5687774 |
| **U.S. Treasury bonds & notes 2.15%** | **U.S. Treasury bonds & notes 2.15%** | **U.S. Treasury bonds & notes 2.15%** |
| **U.S. Treasury 2.07%** | **U.S. Treasury 2.07%** | **U.S. Treasury 2.07%** |
| U.S. Treasury 3.625% 5/15/2026  | 5900 | 5875 |
| U.S. Treasury 4.50% 7/15/2026  | 4000 | 4012 |
| U.S. Treasury 4.375% 7/31/2026  | 31144 | 31202 |
| U.S. Treasury 4.625% 9/15/2026  | 24603 | 24734 |
| U.S. Treasury 4.625% 10/15/2026  | 10000 | 10059 |
| U.S. Treasury 4.625% 11/15/2026  | 3000 | 3020 |
| U.S. Treasury 4.25% 12/31/2026  | 2354 | 2360 |
| U.S. Treasury 4.125% 2/15/2027  | 7000 | 7010 |
| U.S. Treasury 4.50% 4/15/2027  | 830 | 837 |
| U.S. Treasury 3.75% 6/30/2027  | 418850 | 417305 |
| U.S. Treasury 4.00% 12/15/2027  | 11883 | 11910 |
| U.S. Treasury 3.875% 3/15/2028  | 27000 | 26997 |
| U.S. Treasury 3.625% 3/31/2028  | 72 | 72 |

---

---

| | |
|:---|:---|
| **44** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury 3.625% 5/31/2028  | USD43,266 | $42964 |
| U.S. Treasury 3.875% 7/15/2028  | 135948 | 135911 |
| U.S. Treasury 4.125% 10/31/2029  | 169500 | 170787 |
| U.S. Treasury 4.00% 2/28/2030  | 23071 | 23134 |
| U.S. Treasury 3.875% 6/30/2030 <sup>(b)</sup>  | 452133 | 450534 |
| U.S. Treasury 4.00% 7/31/2030  | 13986 | 14006 |
| U.S. Treasury 4.875% 10/31/2030  | 34810 | 36268 |
| U.S. Treasury 4.25% 2/28/2031  | 1113 | 1126 |
| U.S. Treasury 4.125% 7/31/2031  | 38862 | 38995 |
| U.S. Treasury 4.375% 1/31/2032  | 12000 | 12181 |
| U.S. Treasury 4.125% 2/29/2032  | 14000 | 14010 |
| U.S. Treasury 4.125% 3/31/2032  | 3000 | 3001 |
| U.S. Treasury 4.00% 4/30/2032  | 9500 | 9430 |
| U.S. Treasury 4.00% 6/30/2032  | 171001 | 169598 |
| U.S. Treasury 4.125% 11/15/2032  | 1433 | 1430 |
| U.S. Treasury 3.375% 5/15/2033  | 14742 | 13931 |
| U.S. Treasury 4.375% 5/15/2034  | 109371 | 110051 |
| U.S. Treasury 4.25% 11/15/2034  | 5665 | 5630 |
| U.S. Treasury 4.625% 2/15/2035  | 25400 | 25950 |
| U.S. Treasury 4.25% 5/15/2035 <sup>(o)</sup>  | 317512 | 314709 |
| U.S. Treasury 1.375% 11/15/2040 <sup>(o)</sup>  | 12006 | 7604 |
| U.S. Treasury 1.75% 8/15/2041  | 2773 | 1825 |
| U.S. Treasury 2.00% 11/15/2041  | 11924 | 8130 |
| U.S. Treasury 2.375% 2/15/2042  | 7784 | 5605 |
| U.S. Treasury 2.875% 5/15/2043  | 16000 | 12202 |
| U.S. Treasury 3.875% 5/15/2043  | 5113 | 4514 |
| U.S. Treasury 4.75% 11/15/2043  | 42316 | 41768 |
| U.S. Treasury 4.625% 5/15/2044  | 112695 | 109218 |
| U.S. Treasury 4.125% 8/15/2044  | 7000 | 6336 |
| U.S. Treasury 4.625% 11/15/2044  | 3000 | 2901 |
| U.S. Treasury 4.75% 2/15/2045  | 3500 | 3439 |
| U.S. Treasury 5.00% 5/15/2045  | 41878 | 42490 |
| U.S. Treasury 2.875% 11/15/2046 <sup>(o)</sup>  | 4532 | 3297 |
| U.S. Treasury 2.875% 5/15/2049  | 4051 | 2868 |
| U.S. Treasury 4.00% 11/15/2052  | 4747 | 4090 |
| U.S. Treasury 3.625% 2/15/2053  | 14365 | 11555 |
| U.S. Treasury 4.75% 11/15/2053  | 4600 | 4489 |
| U.S. Treasury 4.25% 2/15/2054 <sup>(o)</sup>  | 180573 | 162293 |
| U.S. Treasury 4.625% 5/15/2054  | 291 | 278 |
| U.S. Treasury 4.25% 8/15/2054  | 3663 | 3293 |
| U.S. Treasury 4.50% 11/15/2054 <sup>(o)</sup>  | 2000 | 1876 |
| U.S. Treasury 4.625% 2/15/2055  | 49092 | 47015 |
| U.S. Treasury 4.75% 5/15/2055 <sup>(o)</sup>  | 142100 | 138936 |
|  |  | 2765061 |
| **U.S. Treasury inflation-protected securities 0.08%** | **U.S. Treasury inflation-protected securities 0.08%** | **U.S. Treasury inflation-protected securities 0.08%** |
| U.S. Treasury Inflation-Protected Security 0.125% 10/15/2025 <sup>(p)</sup>  | 6690 | 6676 |
| U.S. Treasury Inflation-Protected Security 0.125% 1/15/2030 <sup>(p)</sup>  | 24987 | 23618 |
| U.S. Treasury Inflation-Protected Security 2.125% 1/15/2035 <sup>(p)</sup>  | 41252 | 41780 |
| U.S. Treasury Inflation-Protected Security 2.125% 2/15/2054 <sup>(p)</sup>  | 43728 | 39279 |
|  |  | 111353 |
| **Total U.S. Treasury bonds & notes** |  | 2876414 |
| **Asset-backed obligations 1.36%** | **Asset-backed obligations 1.36%** | **Asset-backed obligations 1.36%** |
| **Auto loan 0.61%** | **Auto loan 0.61%** | **Auto loan 0.61%** |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class A, 5.76% 11/12/2027 <sup>(g)(m)</sup>  | 1163 | 1165 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(g)(m)</sup>  | 508 | 508 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(g)(m)</sup>  | 2615 | 2624 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class C, 6.24% 4/12/2030 <sup>(g)(m)</sup>  | 6289 | 6350 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53% 4/12/2030 <sup>(g)(m)</sup>  | 7281 | 7452 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class C, 5.73% 7/12/2030 <sup>(g)(m)</sup>  | 13560 | 13692 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class D, 6.04% 7/12/2030 <sup>(g)(m)</sup>  | 4469 | 4558 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(g)(m)</sup>  | 2547 | 2548 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class D, 5.34% 8/12/2031 <sup>(g)(m)</sup>  | 5726 | 5762 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **45** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| AmeriCredit Automobile Receivables Trust, Series 2021-2, Class D, 1.29% 6/18/2027 <sup>(m)</sup>  | USD7,972 | $7837 |
| AmeriCredit Automobile Receivables Trust, Series 2023-1, Class B, 5.57% 3/20/2028 <sup>(m)</sup>  | 5578 | 5618 |
| Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class A2, 4.92% 5/15/2029 <sup>(g)(m)</sup>  | 154 | 154 |
| AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2, 4.72% 4/10/2028 <sup>(g)(m)</sup>  | 679 | 680 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class D, 3.34% 8/20/2026 <sup>(g)(m)</sup>  | 1417 | 1414 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(g)(m)</sup>  | 25617 | 25377 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(g)(m)</sup>  | 1453 | 1442 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class C, 4.25% 2/20/2027 <sup>(g)(m)</sup>  | 4605 | 4582 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class A, 1.38% 8/20/2027 <sup>(g)(m)</sup>  | 29959 | 29167 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class B, 1.63% 8/20/2027 <sup>(g)(m)</sup>  | 1699 | 1651 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/2027 <sup>(g)(m)</sup>  | 551 | 535 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class D, 3.71% 8/20/2027 <sup>(g)(m)</sup>  | 5000 | 4891 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(g)(m)</sup>  | 10793 | 10972 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4, Class A, 5.49% 6/20/2029 <sup>(g)(m)</sup>  | 12400 | 12697 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(g)(m)</sup>  | 23741 | 24577 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8, Class A, 6.02% 2/20/2030 <sup>(g)(m)</sup>  | 3150 | 3293 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(g)(m)</sup>  | 7930 | 8129 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class B, 5.85% 6/20/2030 <sup>(g)(m)</sup>  | 1507 | 1547 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-3, Class A, 5.23% 12/20/2030 <sup>(g)(m)</sup>  | 8000 | 8174 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-3, Class B, 5.58% 12/20/2030 <sup>(g)(m)</sup>  | 1671 | 1703 |
| BofA Auto Trust, Series 2024-1, Class A3, 5.35% 11/15/2028 <sup>(g)(m)</sup>  | 5108 | 5148 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A2, 5.54% 2/16/2027 <sup>(m)</sup>  | 228 | 228 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A2, 4.84% 9/15/2027 <sup>(m)</sup>  | 720 | 720 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class A2, 5.04% 2/15/2028 <sup>(m)</sup>  | 1198 | 1198 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3, 5.34% 4/17/2028 <sup>(m)</sup>  | 3945 | 3954 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(m)</sup>  | 1507 | 1510 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A3, 4.72% 9/15/2028 <sup>(m)</sup>  | 1509 | 1509 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/2029 <sup>(m)</sup>  | 987 | 993 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, 5.83% 5/15/2030 <sup>(m)</sup>  | 4610 | 4691 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class B, 4.77% 8/15/2030 <sup>(m)</sup>  | 2963 | 2962 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class C, 4.83% 8/15/2030 <sup>(m)</sup>  | 5300 | 5283 |
| CarMax Auto Owner Trust, Series 2024-2, Class A2A, 5.65% 5/17/2027 <sup>(m)</sup>  | 2937 | 2943 |
| CarMax Auto Owner Trust, Series 2024-3, Class A3, 4.89% 7/16/2029 <sup>(m)</sup>  | 15202 | 15335 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(m)</sup>  | 1017 | 1020 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62% 1/15/2030 <sup>(m)</sup>  | 2153 | 2183 |
| CarMax Select Receivables Trust, Series 2024-A, Class D, 6.27% 12/16/2030 <sup>(m)</sup>  | 3265 | 3349 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028 <sup>(m)</sup>  | 157 | 152 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class A2, 1.80% 9/11/2028 <sup>(m)</sup>  | 1076 | 1050 |
| Chase Auto Owner Trust, Series 2024-2, Class A2, 5.66% 5/26/2027 <sup>(g)(m)</sup>  | 1885 | 1887 |
| Chase Auto Owner Trust, Series 2024-4A, Class A2, 5.25% 9/27/2027 <sup>(g)(m)</sup>  | 3537 | 3543 |
| Chase Auto Owner Trust, Series 2024-3, Class A2, 5.53% 9/27/2027 <sup>(g)(m)</sup>  | 3705 | 3714 |
| Chase Auto Owner Trust, Series 2024-4A, Class A3, 4.94% 7/25/2029 <sup>(g)(m)</sup>  | 9354 | 9418 |
| Chase Auto Owner Trust, Series 2024-3, Class A3, 5.22% 7/25/2029 <sup>(g)(m)</sup>  | 8384 | 8471 |
| Chase Auto Owner Trust, Series 2024-1, Class A4, 5.05% 10/25/2029 <sup>(g)(m)</sup>  | 10983 | 11156 |
| CPS Auto Receivables Trust, Series 2024-C, Class A, 5.88% 2/15/2028 <sup>(g)(m)</sup>  | 1373 | 1377 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(g)(m)</sup>  | 371 | 372 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(g)(m)</sup>  | 549 | 553 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030 <sup>(g)(m)</sup>  | 197 | 201 |
| CPS Auto Receivables Trust, Series 2024-C, Class C, 5.76% 10/15/2030 <sup>(g)(m)</sup>  | 2376 | 2401 |
| CPS Auto Receivables Trust, Series 2024-C, Class D, 6.22% 10/15/2030 <sup>(g)(m)</sup>  | 2251 | 2301 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class A, 6.39% 8/15/2033 <sup>(g)(m)</sup>  | 3687 | 3715 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(m)</sup>  | 1830 | 1835 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(m)</sup>  | 3253 | 3286 |
| DriveTime Auto Owner Trust, Series 2021-2A, Class D, 1.50% 2/16/2027 <sup>(g)(m)</sup>  | 175 | 175 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A2, 5.74% 12/20/2026 <sup>(g)(m)</sup>  | 1198 | 1203 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(g)(m)</sup>  | 4581 | 4599 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A3, 4.29% 7/20/2029 <sup>(g)(m)</sup>  | 3349 | 3342 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(g)(m)</sup>  | 1472 | 1471 |
| Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029 <sup>(g)(m)</sup>  | 3011 | 3021 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A3, 5.16% 9/20/2030 <sup>(g)(m)</sup>  | 2471 | 2510 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A4, 5.69% 12/20/2030 <sup>(g)(m)</sup>  | 3023 | 3113 |
| Exeter Automobile Receivables Trust, Series 2021-2, Class D, 1.40% 4/15/2027 <sup>(m)</sup>  | 3464 | 3414 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(m)</sup>  | 2239 | 2239 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(m)</sup>  | 1013 | 1019 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(m)</sup>  | 1420 | 1420 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(m)</sup>  | 3084 | 3089 |

---

---

| | |
|:---|:---|
| **46** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| Exeter Automobile Receivables Trust, Series 2022-4A, Class C, 4.92% 12/15/2028 <sup>(m)</sup>  | USD664 | $664 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class D, 6.68% 4/16/2029 <sup>(m)</sup>  | 1839 | 1878 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class C, 5.70% 7/16/2029 <sup>(m)</sup>  | 3616 | 3650 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class B, 4.91% 8/15/2029 <sup>(m)</sup>  | 3094 | 3105 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(m)</sup>  | 3191 | 3208 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class D, 5.84% 6/17/2030 <sup>(m)</sup>  | 5167 | 5247 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class C, 5.48% 8/15/2030 <sup>(m)</sup>  | 1480 | 1492 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class D, 5.98% 9/16/2030 <sup>(m)</sup>  | 4746 | 4832 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030 <sup>(m)</sup>  | 2608 | 2625 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(g)(m)</sup>  | 1014 | 1106 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class C, 5.09% 5/15/2031 <sup>(m)</sup>  | 6311 | 6348 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49% 5/15/2031 <sup>(m)</sup>  | 4939 | 5001 |
| Flagship Credit Auto Trust, Series 2023-3, Class C, 6.01% 7/16/2029 <sup>(g)(m)</sup>  | 733 | 744 |
| Flagship Credit Auto Trust, Series 2023-3, Class D, 6.58% 8/15/2029 <sup>(g)(m)</sup>  | 371 | 372 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A4, 5.05% 6/15/2027 <sup>(m)</sup>  | 1053 | 1058 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(g)(m)</sup>  | 13385 | 13733 |
| Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.87% 8/15/2036 <sup>(g)(i)(m)</sup>  | 30500 | 31020 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(g)(m)</sup>  | 5275 | 5269 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(g)(m)</sup>  | 1070 | 1070 |
| GLS Auto Receivables Trust, Series 2024-1, Class B, 5.49% 7/17/2028 <sup>(g)(m)</sup>  | 3571 | 3582 |
| GLS Auto Receivables Trust, Series 2024-2, Class B, 5.77% 11/15/2028 <sup>(g)(m)</sup>  | 3757 | 3789 |
| GLS Auto Receivables Trust, Series 2024-3A, Class B, 5.08% 1/16/2029 <sup>(g)(m)</sup>  | 2842 | 2853 |
| GLS Auto Receivables Trust, Series 2024-4A, Class B, 4.89% 4/16/2029 <sup>(g)(m)</sup>  | 1830 | 1836 |
| GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/2029 <sup>(g)(m)</sup>  | 905 | 912 |
| GLS Auto Receivables Trust, Series 2023-3, Class D, 6.44% 5/15/2029 <sup>(g)(m)</sup>  | 818 | 835 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(g)(m)</sup>  | 2606 | 2631 |
| GLS Auto Receivables Trust, Series 2024-1, Class D, 5.95% 12/17/2029 <sup>(g)(m)</sup>  | 1674 | 1702 |
| GLS Auto Receivables Trust, Series 2024-2, Class C, 6.03% 2/15/2030 <sup>(g)(m)</sup>  | 5220 | 5319 |
| GLS Auto Receivables Trust, Series 2024-4A, Class C, 5.10% 6/17/2030 <sup>(g)(m)</sup>  | 4809 | 4846 |
| GLS Auto Receivables Trust, Series 2024-4A, Class D, 5.65% 7/15/2030 <sup>(g)(m)</sup>  | 5534 | 5634 |
| GLS Auto Receivables Trust, Series 2024-3A, Class C, 5.21% 2/18/2031 <sup>(g)(m)</sup>  | 2661 | 2683 |
| GLS Auto Receivables Trust, Series 2024-2, Class E, 7.98% 5/15/2031 <sup>(g)(m)</sup>  | 1170 | 1227 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(g)(m)</sup>  | 1529 | 1526 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(g)(m)</sup>  | 1391 | 1392 |
| GM Financial Automobile Leasing Trust, Series 2023-3, Class A3, 5.38% 11/20/2026 <sup>(m)</sup>  | 1447 | 1449 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(g)(m)</sup>  | 17961 | 18760 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(g)(m)</sup>  | 11802 | 11859 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(m)</sup>  | 4745 | 4765 |
| GMF Floorplan Owner Revolving Trust, Series 2024-1, Class A1, 5.13% 3/15/2029 <sup>(g)(m)</sup>  | 4075 | 4118 |
| Hertz Vehicle Financing III, LLC, Series 2022-4A, Class A, 3.73% 9/25/2026 <sup>(g)(m)</sup>  | 5113 | 5107 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(g)(m)</sup>  | 533 | 535 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(g)(m)</sup>  | 1008 | 1018 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class A, 2.33% 6/26/2028 <sup>(g)(m)</sup>  | 8300 | 7968 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(g)(m)</sup>  | 3583 | 3428 |
| Hertz Vehicle Financing III, LLC, Series 2022-5A, Class A, 3.89% 9/25/2028 <sup>(g)(m)</sup>  | 7264 | 7152 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class A, 6.15% 3/25/2030 <sup>(g)(m)</sup>  | 8275 | 8602 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(g)(m)</sup>  | 28555 | 27550 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(g)(m)</sup>  | 3369 | 3239 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(g)(m)</sup>  | 1850 | 1778 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(g)(m)</sup>  | 281 | 285 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(g)(m)</sup>  | 10453 | 10588 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(g)(m)</sup>  | 2343 | 2341 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(m)</sup>  | 1279 | 1282 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A4, 5.07% 2/15/2028 <sup>(g)(m)</sup>  | 1603 | 1610 |
| Hyundai Auto Receivables Trust, Series 2024-A, Class A3, 4.99% 2/15/2029 <sup>(m)</sup>  | 5082 | 5119 |
| LAD Auto Receivables Trust, Series 2022-1, Class A, 5.21% 6/15/2027 <sup>(g)(m)</sup>  | 97 | 97 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A2, 4.64% 11/15/2027 <sup>(g)(m)</sup>  | 2428 | 2427 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(g)(m)</sup>  | 2554 | 2563 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(g)(m)</sup>  | 1685 | 1685 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A4, 4.60% 12/17/2029 <sup>(g)(m)</sup>  | 888 | 891 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(g)(m)</sup>  | 592 | 595 |
| LAD Auto Receivables Trust, Series 2024-3A, Class D, 5.18% 2/17/2032 <sup>(g)(m)</sup>  | 671 | 676 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(g)(m)</sup>  | 1194 | 1194 |
| Prestige Auto Receivables Trust, Series 2024-1, Class C, 5.73% 3/15/2029 <sup>(g)(m)</sup>  | 1492 | 1504 |
| Prestige Auto Receivables Trust, Series 2024-1, Class D, 6.21% 2/15/2030 <sup>(g)(m)</sup>  | 845 | 862 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A2, 5.91% 6/15/2027 <sup>(m)</sup>  | 7 | 7 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **47** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| Santander Drive Auto Receivables Trust, Series 2021-3, Class D, 1.33% 9/15/2027 <sup>(m)</sup>  | USD681 | $678 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A2, 5.80% 9/15/2027 <sup>(m)</sup>  | 432 | 433 |
| Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/2028 <sup>(m)</sup>  | 701 | 701 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(m)</sup>  | 1067 | 1068 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(m)</sup>  | 1734 | 1739 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(m)</sup>  | 1548 | 1548 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A3, 5.63% 11/15/2028 <sup>(m)</sup>  | 10450 | 10500 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77% 12/15/2028 <sup>(m)</sup>  | 9527 | 9634 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A3, 5.63% 1/16/2029 <sup>(m)</sup>  | 806 | 810 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class B, 5.78% 7/16/2029 <sup>(m)</sup>  | 6069 | 6159 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class B, 4.93% 9/17/2029 <sup>(m)</sup>  | 3599 | 3617 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class C, 5.45% 3/15/2030 <sup>(m)</sup>  | 745 | 754 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class C, 4.95% 4/15/2030 <sup>(m)</sup>  | 4218 | 4243 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class C, 4.78% 1/15/2031 <sup>(m)</sup>  | 2657 | 2658 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class D, 5.32% 12/15/2031 <sup>(m)</sup>  | 5961 | 6000 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class D, 5.14% 2/17/2032 <sup>(m)</sup>  | 5140 | 5160 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(g)(m)</sup>  | 5842 | 5854 |
| SBNA Auto Lease Trust, Series 2024-B, Class A2, 5.67% 11/20/2026 <sup>(g)(m)</sup>  | 345 | 345 |
| SBNA Auto Lease Trust, Series 2024-B, Class A3, 5.56% 11/22/2027 <sup>(g)(m)</sup>  | 2493 | 2506 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(g)(m)</sup>  | 2455 | 2456 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/2028 <sup>(g)(m)</sup>  | 6871 | 6910 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class B, 5.71% 1/22/2030 <sup>(g)(m)</sup>  | 1034 | 1054 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A3, 4.55% 6/20/2030 <sup>(g)(m)</sup>  | 5178 | 5193 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class C, 5.97% 2/20/2031 <sup>(g)(m)</sup>  | 1637 | 1676 |
| Space Coast Credit Union, Series 2025-1A, Class A2, 4.67% 11/15/2028 <sup>(g)(m)</sup>  | 1561 | 1561 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A3, 5.16% 4/17/2028 <sup>(m)</sup>  | 8765 | 8806 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A4, 5.01% 2/15/2029 <sup>(m)</sup>  | 3718 | 3756 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(g)(m)</sup>  | 1853 | 1854 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(g)(m)</sup>  | 894 | 894 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(g)(m)</sup>  | 579 | 582 |
| VStrong Auto Receivables Trust, Series 2024-A, Class B, 5.77% 7/15/2030 <sup>(g)(m)</sup>  | 1295 | 1311 |
| Westlake Automobile Receivables Trust, Series 2021-2, Class D, 1.23% 12/15/2026 <sup>(g)(m)</sup>  | 302 | 301 |
| Westlake Automobile Receivables Trust, Series 2022-1A, Class D, 3.49% 3/15/2027 <sup>(g)(m)</sup>  | 1908 | 1903 |
| Westlake Automobile Receivables Trust, Series 2022-2A, Class C, 4.85% 9/15/2027 <sup>(g)(m)</sup>  | 933 | 933 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(g)(m)</sup>  | 9570 | 9572 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(g)(m)</sup>  | 753 | 754 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(g)(m)</sup>  | 3350 | 3357 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class A2A, 4.66% 9/15/2028 <sup>(g)(m)</sup>  | 2455 | 2456 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class B, 5.92% 9/15/2028 <sup>(g)(m)</sup>  | 5588 | 5618 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/2028 <sup>(g)(m)</sup>  | 3579 | 3624 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(g)(m)</sup>  | 2094 | 2112 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class D, 6.47% 3/15/2029 <sup>(g)(m)</sup>  | 1993 | 2047 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class D, 6.02% 10/15/2029 <sup>(g)(m)</sup>  | 2813 | 2860 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class B, 4.72% 11/15/2029 <sup>(g)(m)</sup>  | 11381 | 11383 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class C, 4.92% 11/15/2029 <sup>(g)(m)</sup>  | 7423 | 7434 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class C, 5.68% 3/15/2030 <sup>(g)(m)</sup>  | 8000 | 8093 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class D, 5.21% 4/15/2030 <sup>(g)(m)</sup>  | 8000 | 8014 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class D, 5.91% 4/15/2030 <sup>(g)(m)</sup>  | 2826 | 2866 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class C, 5.14% 10/15/2030 <sup>(g)(m)</sup>  | 3143 | 3173 |
| Wheels Fleet Lease Funding, LLC, Series 2024-1, Class A1, 5.49% 2/18/2039 <sup>(g)(m)</sup>  | 6084 | 6136 |
| Wheels Fleet Lease Funding, LLC, Series 24-2A, Class A1, 4.87% 6/21/2039 <sup>(g)(m)</sup>  | 6313 | 6344 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(g)(m)</sup>  | 6181 | 6215 |
| World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/2028 <sup>(m)</sup>  | 3026 | 3031 |
| World OMNI Select Auto Trust, Series 2024-A, Class A3, 4.98% 2/15/2030 <sup>(m)</sup>  | 7476 | 7502 |
|  |  | 818603 |
| **Other asset-backed securities 0.54%** | **Other asset-backed securities 0.54%** | **Other asset-backed securities 0.54%** |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(g)(m)</sup>  | 508 | 510 |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(g)(m)</sup>  | 16219 | 16214 |
| Affirm Master Trust, 2025-2A, Class A, 4.67% 7/15/2033 <sup>(g)(m)</sup>  | 1269 | 1270 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(g)(m)</sup>  | 6099 | 6123 |
| Affirm, Inc., Series 2024-X1, Class A, 6.27% 5/15/2029 <sup>(g)(m)</sup>  | 137 | 137 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(g)(m)</sup>  | 1228 | 1228 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(g)(m)</sup>  | 14873 | 15034 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(g)(m)</sup>  | 1794 | 1824 |

---

---

| | |
|:---|:---|
| **48** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** |
| Auxilior Term Funding, LLC, Series 24-1, Class A3, 5.49% 7/15/2031 <sup>(g)(m)</sup>  | USD5,603 | $5696 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(g)(m)</sup>  | 190 | 187 |
| Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class A, 2.443% <br> 7/15/2046 <sup>(g)(m)</sup>  | 6320 | 5914 |
| Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B, 3.446% <br> 7/15/2046 <sup>(g)(m)</sup>  | 959 | 906 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(g)(m)</sup>  | 1281 | 1283 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class B, 5.41% 3/15/2030 <sup>(g)(m)</sup>  | 333 | 336 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(g)(m)</sup>  | 243 | 247 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(g)(m)</sup>  | 2532 | 2527 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(g)(m)</sup>  | 3651 | 3689 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(g)(m)</sup>  | 10408 | 9610 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 3.464% 5/11/2037 <sup>(g)(m)</sup>  | 6394 | 5909 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 6.171% 5/11/2037 <sup>(g)(m)</sup>  | 12736 | 11995 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041 <sup>(g)(m)</sup>  | 353 | 347 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(g)(m)</sup>  | 9560 | 9653 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class B, 6.504% 2/15/2050 <sup>(g)(m)</sup>  | 4567 | 4595 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(g)(m)</sup>  | 23958 | 20674 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(g)(m)</sup>  | 5778 | 4898 |
| CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/2060 <sup>(g)(m)</sup>  | 5327 | 4161 |
| CF Hippolyta, LLC, Series 2020-1, Class B2, 2.60% 7/15/2060 <sup>(g)(m)</sup>  | 567 | 437 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(g)(m)</sup>  | 16887 | 14054 |
| CF Hippolyta, LLC, Series 2021-1, Class B1, 1.98% 3/15/2061 <sup>(g)(m)</sup>  | 2847 | 2211 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(g)(m)</sup>  | 23129 | 22395 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(g)(m)</sup>  | 19138 | 18288 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(g)(m)</sup>  | 917 | 917 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(g)(m)</sup>  | 2690 | 2498 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(g)(m)</sup>  | 1662 | 1539 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(g)(m)</sup>  | 6883 | 6397 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046 <sup>(g)(m)</sup>  | 10794 | 9881 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 2.38% 2/18/2046 <sup>(g)(m)</sup>  | 419 | 383 |
| CNH Equipment Trust, Series 2024-B, Class A2A, 5.42% 10/15/2027 <sup>(m)</sup>  | 2610 | 2616 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(g)(m)</sup>  | 5367 | 5404 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA, (1-month USD CME Term SOFR + <br> 0.254%) 4.596% 1/15/2037 <sup>(i)(m)</sup>  | 171 | 163 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA, (1-month USD CME Term SOFR + <br> 0.264%) 4.606% 2/15/2037 <sup>(i)(m)</sup>  | 286 | 269 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A2, 5.60% 4/15/2026 <sup>(m)</sup>  | 165 | 165 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(m)</sup>  | 6421 | 6472 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027 <sup>(g)(m)</sup>  | 1500 | 1504 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032 <sup>(g)(m)</sup>  | 5385 | 5402 |
| DLLAD, LLC, Series 2024-1, Class A2, 5.50% 8/20/2027 <sup>(g)(m)</sup>  | 1545 | 1551 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(g)(m)</sup>  | 1718 | 1746 |
| DLLAD, LLC, Series 2024-1, Class A4, 5.38% 9/22/2031 <sup>(g)(m)</sup>  | 844 | 870 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(g)(m)</sup>  | 980 | 898 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(g)(m)</sup>  | 8325 | 8409 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(g)(m)</sup>  | 6299 | 6306 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(g)(m)</sup>  | 2648 | 2491 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(g)(m)</sup>  | 1163 | 1068 |
| GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/2046 <sup>(g)(m)</sup>  | 88 | 80 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(g)(m)</sup>  | 5668 | 5397 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(g)(m)</sup>  | 10459 | 9918 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(g)(m)</sup>  | 18087 | 16719 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(g)(m)</sup>  | 15524 | 14458 |
| Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/2041 <sup>(g)(m)</sup>  | 1457 | 1345 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, 5.28% 3/15/2027 <sup>(g)(m)</sup>  | 618 | 620 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A3, 5.00% 9/15/2028 <sup>(g)(m)</sup>  | 528 | 533 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(g)(m)</sup>  | 5589 | 5592 |
| HPEFS Equipment Trust, Series 2025-1A, Class A2, 4.49% 9/20/2032 <sup>(g)(m)</sup>  | 1500 | 1500 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(m)</sup>  | 4612 | 4645 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(g)(m)</sup>  | 14029 | 13196 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(g)(m)</sup>  | 71561 | 58943 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(g)(m)</sup>  | 1007 | 1010 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(g)(m)</sup>  | 801 | 796 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(g)(m)</sup>  | 6348 | 6293 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class B, 5.52% 4/19/2032 <sup>(g)(m)</sup>  | 6497 | 6457 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **49** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(g)(m)</sup>  | USD2,644 | $2661 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(g)(m)</sup>  | 1952 | 1959 |
| PFS Financing Corp., Series 2022-D, Class B, 4.90% 8/16/2027 <sup>(g)(m)</sup>  | 431 | 431 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(g)(m)</sup>  | 13351 | 13425 |
| PG&E Wildfire Recovery Funding, LLC, Series 2022-A, Class A2, 4.263% 6/1/2036 <sup>(m)</sup>  | 4926 | 4639 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(g)(m)</sup>  | 2469 | 2508 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) 6.042% 9/15/2039 <br> <sup>(g)(i)(m)</sup>  | 1814 | 1821 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(g)(m)</sup>  | 2223 | 2207 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class B, 5.23% 9/20/2034 <sup>(g)(m)</sup>  | 817 | 832 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class C, 5.37% 9/20/2034 <sup>(g)(m)</sup>  | 712 | 721 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class D, 5.88% 11/20/2035 <sup>(g)(m)</sup>  | 303 | 309 |
| SLAM, LLC, Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(g)(m)</sup>  | 3985 | 3988 |
| SLAM, Ltd., Series 2021-1, Class A, 2.434% 6/15/2046 <sup>(g)(m)</sup>  | 6698 | 6261 |
| SLAM, Ltd., Series 2021-1, Class B, 3.422% 6/15/2046 <sup>(g)(m)</sup>  | 1233 | 1154 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(g)(m)</sup>  | 7811 | 7294 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(g)(m)</sup>  | 7997 | 7673 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041 <sup>(g)(m)</sup>  | 3049 | 2994 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(g)(m)</sup>  | 2519 | 2399 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/2033 <sup>(g)(m)</sup>  | 2477 | 2361 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(g)(m)</sup>  | 8310 | 8200 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(g)(m)</sup>  | 9811 | 9683 |
| Subway Funding, LLC, Series 2024-1, Class A2I, 6.028% 7/30/2054 <sup>(g)(m)</sup>  | 17198 | 17448 |
| Subway Funding, LLC, Series 2024-1, Class A2II, 6.268% 7/30/2054 <sup>(g)(m)</sup>  | 17198 | 17546 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(g)(m)</sup>  | 2045 | 1976 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(m)</sup>  | 6264 | 6328 |
| Synchrony Card Issuance Trust, Series 2025-A1, Class A, 4.78% 2/18/2031 <sup>(m)</sup>  | 6813 | 6890 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(g)(m)</sup>  | 3232 | 3049 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/2045 <sup>(g)(m)</sup>  | 4245 | 4051 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(g)(m)</sup>  | 5544 | 5182 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(g)(m)</sup>  | 1021 | 963 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(g)(m)</sup>  | 9685 | 8899 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class B, 2.52% 2/20/2046 <sup>(g)(m)</sup>  | 417 | 383 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(g)(m)</sup>  | 13256 | 12329 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(g)(m)</sup>  | 6876 | 6851 |
| TIF Funding II, LLC, Series 2020-1A, Class A, 2.09% 8/20/2045 <sup>(g)(m)</sup>  | 5377 | 5063 |
| TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/2046 <sup>(g)(m)</sup>  | 4253 | 3836 |
| TIF Funding II, LLC, Series 2021-1A, Class B, 2.54% 2/20/2046 <sup>(g)(m)</sup>  | 153 | 137 |
| TIF Funding II, LLC, Series 2024-1, Class C, 6.31% 4/20/2049 <sup>(g)(m)</sup>  | 241 | 243 |
| T-Mobile US Trust, Series 2024-1, Class A, 5.05% 9/20/2029 <sup>(g)(m)</sup>  | 12824 | 12901 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(g)(m)</sup>  | 18426 | 17116 |
| Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046 <sup>(g)(m)</sup>  | 10105 | 9242 |
| Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/2046 <sup>(g)(m)</sup>  | 386 | 349 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(g)(m)</sup>  | 1081 | 1082 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(g)(m)</sup>  | 2062 | 2090 |
| Verizon Master Trust, Series 2024-1, Class A1A, 5.00% 12/20/2028 <sup>(m)</sup>  | 8584 | 8599 |
| Verizon Master Trust, Series 2023-1, Class A, 4.49% 1/22/2029 (5.24% on 1/20/2026) <sup>(k)(m)</sup>  | 17018 | 17019 |
| Verizon Master Trust, Series 2024-3, Class A1A, 5.34% 4/22/2030 <sup>(m)</sup>  | 19500 | 19833 |
| Verizon Master Trust, Series 2023-3, Class A, 4.73% 4/21/2031 <sup>(g)(m)</sup>  | 20266 | 20525 |
| Verizon Master Trust, Series 24-5, Class A, 5.00% 6/21/2032 <sup>(g)(m)</sup>  | 3127 | 3190 |
| Verizon Master Trust, Series 2025-4, Class A, 4.76% 3/21/2033 <sup>(g)(m)</sup>  | 14830 | 14984 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027 <sup>(g)(m)</sup>  | 923 | 923 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(g)(m)</sup>  | 3263 | 3261 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(g)(m)</sup>  | 1347 | 1346 |
|  |  | 723957 |
| **Collateralized loan obligations 0.13%** | **Collateralized loan obligations 0.13%** | **Collateralized loan obligations 0.13%** |
| Allegro CLO, Ltd., Series 2019-2, Class CR, (3-month USD CME Term SOFR + 2.53%) 6.855% 1/19/2033 <sup>(g)(i)(m)</sup>  | 2780 | 2790 |
| Apidos CLO, Ltd., Series 2019-32A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 5.425% 1/20/2033 <sup>(g)(i)(m)</sup>  | 5391 | 5399 |
| Ballyrock, Ltd., CLO, Series 2019-2A, Class A1R, (3-month USD CME Term SOFR + 1.40%) <br>5.722% 2/20/2036 <sup>(g)(i)(m)</sup>  | 19810 | 19859 |
| Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) 5.254% <br>5/17/2031 <sup>(g)(i)(m)</sup>  | 3826 | 3821 |
| Battalion CLO, Ltd., Series 2018-12A, Class BRR, (3-month USD CME Term SOFR + 1.20%) 5.524% <br>5/17/2031 <sup>(g)(i)(m)</sup>  | 4961 | 4955 |

---

---

| | |
|:---|:---|
| **50** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Collateralized loan obligations (continued)** | **Collateralized loan obligations (continued)** | **Collateralized loan obligations (continued)** |
| Flatiron CLO, Ltd., Series 2024-1, Class A1, (3-month USD CME Term SOFR + 1.32%) 5.638% 7/15/2036 <sup>(g)(i)(m)</sup>  | USD7,932 | $7944 |
| Fortress Credit BSL, Ltd., Series 2019-2A, Class A1AR, (3-month USD CME Term SOFR + 1.05%) 5.375% <br> 10/20/2032 <sup>(g)(i)(m)</sup>  | 1192 | 1192 |
| Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class AR, (3-month USD CME Term SOFR + 1.12%) 5.422% <br> 7/20/2035 <sup>(g)(i)(m)</sup>  | 4964 | 4966 |
| Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class CR, (3-month USD CME Term SOFR + 1.65%) 5.976% <br> 7/20/2035 <sup>(g)(i)(m)</sup>  | 3001 | 3004 |
| Harbor Park CLO, Ltd., Series 2018-1, Class CR, (3-month USD CME Term SOFR + 2.05%) 6.375% <br>1/20/2031 <sup>(g)(i)(m)</sup>  | 2834 | 2839 |
| Jamestown CLO, Ltd., Series 2019-1, Class A1R, (3-month USD CME Term SOFR + 1.20%) 5.525% <br>4/20/2032 <sup>(g)(i)(m)</sup>  | 4642 | 4645 |
| Jamestown CLO, Ltd., Series 2019-1, Class A2BR, (3-month USD CME Term SOFR + 1.85%) 6.175% <br>4/20/2032 <sup>(g)(i)(m)</sup>  | 3826 | 3837 |
| Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 5.568% <br>7/15/2036 <sup>(g)(i)(m)</sup>  | 6466 | 6472 |
| Marathon CLO, Ltd., Series 2019-2A, Class A1R2, (3-month USD CME Term SOFR + 0.95%) 5.275% <br>1/20/2033 <sup>(g)(i)(m)</sup>  | 17404 | 17325 |
| Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) 5.359% 7/23/2032 <br> <sup>(g)(i)(m)</sup>  | 6920 | 6914 |
| Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) 5.55% <br>7/25/2030 <sup>(g)(i)(m)</sup>  | 2489 | 2490 |
| Palmer Square Loan Funding, CLO, Series 2021-4A, Class A1, (3-month USD CME Term SOFR + 1.062%) 5.379% <br> 10/15/2029 <sup>(g)(i)(m)</sup>  | 35 | 35 |
| Palmer Square Loan Funding, CLO, Series 2021-4A, Class A2, (3-month USD CME Term SOFR + 1.662%) 5.979% <br> 10/15/2029 <sup>(g)(i)(m)</sup>  | 8409 | 8415 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + 1.00%) 5.318% <br> 1/15/2033 <sup>(g)(i)(m)</sup>  | 12531 | 12511 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A2, (3-month USD CME Term SOFR + 1.45%) 5.768% <br> 1/15/2033 <sup>(g)(i)(m)</sup>  | 9460 | 9459 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class B, (3-month USD CME Term SOFR + 1.70%) 6.018% <br> 1/15/2033 <sup>(g)(i)(m)</sup>  | 3000 | 2997 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class C, (3-month USD CME Term SOFR + 2.50%) 6.818% <br> 1/15/2033 <sup>(g)(i)(m)</sup>  | 2814 | 2820 |
| Race Point CLO, Ltd., Series 2015-9A, Class A1A2, (3-month USD CME Term SOFR + 1.202%) 5.519% <br>10/15/2030 <sup>(g)(i)(m)</sup>  | 1355 | 1355 |
| RR, Ltd., CLO, Series 2020-8, Class A1R, (3-month USD CME Term SOFR + 1.35%) 5.668% 7/15/2037 <sup>(g)(i)(m)</sup>  | 6482 | 6499 |
| Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, (3-month USD CME Term SOFR + 1.20%) 5.525% <br>1/20/2032 <sup>(g)(i)(m)</sup>  | 1064 | 1065 |
| Trinitas CLO, Ltd., Series 2018-9A, Class BRRR, (3-month USD CME Term SOFR + 1.70%) 6.025% 1/20/2032 <sup>(g)(i)(m)</sup>  | 4000 | 4004 |
| Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) 5.515% <br> 1/20/2037 <sup>(g)(i)(m)</sup>  | 4700 | 4700 |
| Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, (3-month USD CME Term SOFR + 1.13%) 5.717% <br> 4/20/2032 <sup>(g)(i)(m)</sup>  | 1781 | 1783 |
| Voya CLO, Ltd., Series 2018-3, Class A1R2, (3-month USD CME Term SOFR + 1.20%) 5.518% 10/15/2031 <sup>(g)(i)(m)</sup>  | 4133 | 4133 |
| Voya CLO, Ltd., Series 2018-3, Class BR2, (3-month USD CME Term SOFR + 1.80%) 6.118% 10/15/2031 <sup>(g)(i)(m)</sup>  | 3478 | 3486 |
| Wind River CLO, Ltd., Series 2015-1A, Class A1R3, (3-month USD CME Term SOFR + 1.20%) 5.525% <br>10/20/2030 <sup>(g)(i)(m)</sup>  | 525 | 525 |
| Wind River CLO, Ltd., Series 2015-1, Class BR3, (3-month USD CME Term SOFR + 1.80%) 6.125% <br>10/20/2030 <sup>(g)(i)(m)</sup>  | 8000 | 8013 |
|  |  | 170252 |
| **Credit card 0.05%** | **Credit card 0.05%** | **Credit card 0.05%** |
| American Express Credit Account Master Trust, Series 2025-4, Class A, 4.30% 7/15/2030 <sup>(m)</sup>  | 1740 | 1748 |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(g)(m)</sup>  | 15750 | 15678 |
| Avant Credit Card Master Trust, Series 2024-2A, Class B, 5.73% 5/15/2029 <sup>(g)(m)</sup>  | 8495 | 8443 |
| Avant Credit Card Master Trust, Series 2024-2A, Class C, 6.41% 5/15/2029 <sup>(g)(m)</sup>  | 5620 | 5590 |
| First National Master Note Trust, Series 2025-1, Class A, 4.85% 2/15/2030 <sup>(m)</sup>  | 7565 | 7667 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(m)</sup>  | 8016 | 8152 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(g)(m)</sup>  | 1414 | 1423 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(g)(m)</sup>  | 1198 | 1205 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class D, 10.12% 8/15/2029 <sup>(g)(m)</sup>  | 4000 | 4046 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(g)(m)</sup>  | 1554 | 1552 |
| World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/2030 <sup>(m)</sup>  | 17652 | 17728 |
|  |  | 73232 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **51** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Student loan 0.03%** | **Student loan 0.03%** | **Student loan 0.03%** |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(g)(m)</sup>  | USD5,423 | $5451 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(g)(m)</sup>  | 4937 | 4476 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(g)(m)</sup>  | 7125 | 6388 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(g)(m)</sup>  | 8918 | 8329 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(g)(m)</sup>  | 4859 | 4568 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(g)(m)</sup>  | 8458 | 7934 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(g)(m)</sup>  | 2061 | 2077 |
|  |  | 39223 |
| **Total asset-backed obligations** |  | 1825267 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.27%** | **Bonds & notes of governments & government agencies outside the U.S. 0.27%** | **Bonds & notes of governments & government agencies outside the U.S. 0.27%** |
| **Mexico 0.20%** | **Mexico 0.20%** | **Mexico 0.20%** |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(g)</sup>  | 149683 | 150544 |
| United Mexican States 6.00% 5/13/2030  | 4490 | 4646 |
| United Mexican States 4.75% 4/27/2032  | 7815 | 7428 |
| United Mexican States 4.875% 5/19/2033  | 3912 | 3681 |
| United Mexican States 3.50% 2/12/2034  | 17988 | 15110 |
| United Mexican States 6.00% 5/7/2036  | 58740 | 57727 |
| United Mexican States 6.875% 5/13/2037  | 13455 | 13919 |
| United Mexican States 6.625% 1/29/2038  | 8000 | 8062 |
| United Mexican States 7.375% 5/13/2055  | 6745 | 6967 |
| United Mexican States 3.771% 5/24/2061  | 5180 | 3043 |
|  |  | 271127 |
| **Colombia 0.02%** | **Colombia 0.02%** | **Colombia 0.02%** |
| Colombia (Republic of) 7.50% 2/2/2034  | 9656 | 9820 |
| Colombia (Republic of) 8.00% 11/14/2035  | 14314 | 14708 |
|  |  | 24528 |
| **Peru 0.01%** | **Peru 0.01%** | **Peru 0.01%** |
| Peru (Republic of) 1.862% 12/1/2032  | 8550 | 6890 |
| Peru (Republic of) 5.875% 8/8/2054  | 3665 | 3540 |
| Peru (Republic of) 2.78% 12/1/2060  | 12800 | 6826 |
|  |  | 17256 |
| **Canada 0.01%** | **Canada 0.01%** | **Canada 0.01%** |
| OMERS Finance Trust 3.50% 4/19/2032 <sup>(g)</sup>  | 7941 | 7503 |
| OMERS Finance Trust 4.00% 4/19/2052 <sup>(g)</sup>  | 7941 | 6091 |
|  |  | 13594 |
| **Panama 0.01%** | **Panama 0.01%** | **Panama 0.01%** |
| Panama (Republic of) 7.50% 3/1/2031  | 4015 | 4311 |
| Panama (Republic of) 2.252% 9/29/2032  | 8741 | 6720 |
|  |  | 11031 |
| **Morocco 0.01%** | **Morocco 0.01%** | **Morocco 0.01%** |
| Morocco (Kingdom of) 3.00% 12/15/2032 <sup>(g)</sup>  | 6000 | 5110 |
| Morocco (Kingdom of) 4.00% 12/15/2050 <sup>(g)</sup>  | 6000 | 4141 |
|  |  | 9251 |
| **United Arab Emirates 0.01%** | **United Arab Emirates 0.01%** | **United Arab Emirates 0.01%** |
| Abu Dhabi (Emirate of) 1.70% 3/2/2031 <sup>(g)</sup>  | 1700 | 1499 |
| Abu Dhabi (Emirate of) 3.875% 4/16/2050 <sup>(g)</sup>  | 5350 | 4200 |
|  |  | 5699 |

---

---

| | |
|:---|:---|
| **52** | The Income Fund of America |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Hungary 0.00%** | **Hungary 0.00%** | **Hungary 0.00%** |
| Hungary (Republic of) 5.375% 9/26/2030 <sup>(g)</sup>  | USD2,225 | $2255 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 354741 |
| **Municipals 0.26%** | **Municipals 0.26%** | **Municipals 0.26%** |
| **Arkansas 0.02%** | **Arkansas 0.02%** | **Arkansas 0.02%** |
| Dev. Fin. Auth., Industrial Dev. Rev. Bonds (Big River Steel Project), Series 2019, AMT, 4.50% 9/1/2049 <sup>(g)</sup>  | 6500 | 5985 |
| Dev. Fin. Auth., Industrial Dev. Rev. Green Bonds (Big River Steel Project), Series 2020, AMT, 4.75% 9/1/2049 <sup>(g)</sup>  | 27070 | 25150 |
|  |  | 31135 |
| **Illinois 0.20%** | **Illinois 0.20%** | **Illinois 0.20%** |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-C, 6.319% 11/1/2029  | 28045 | 27495 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2015-C, 5.25% 12/1/2039  | 120 | 118 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2009-E, 6.138% 12/1/2039  | 54555 | 50518 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-D, 6.519% 12/1/2040  | 11385 | 10648 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Qualified School Construction Bonds), Series <br> 2009-G, 1.75% 12/15/2025  | 23140 | 22803 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% <br> 12/1/2026  | 110 | 112 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, 5.00% <br> 12/1/2026  | 100 | 101 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2028  | 650 | 684 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, AGI, <br> 5.00% 12/1/2028  | 800 | 841 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2029  | 300 | 314 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, AGI, <br> 5.00% 12/1/2029  | 550 | 575 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% <br> 12/1/2030  | 220 | 224 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2030  | 200 | 208 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-D, 5.00% <br> 12/1/2031  | 100 | 101 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2031  | 350 | 361 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2032  | 350 | 360 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2033  | 200 | 205 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% <br> 12/1/2036  | 100 | 97 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-G, 5.00% <br> 12/1/2044  | 140 | 127 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% <br> 12/1/2046  | 390 | 347 |
| City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax GO Bonds (Dedicated <br> Tax Rev.), Series 2012-A, 5.00% 12/1/2042  | 190 | 177 |
| City of Chicago, School Reform Board of Trustees of the Board of Education, Unlimited Tax GO Bonds (Dedicated <br> Tax Rev.), CAB, Series 1998-B-1, NATL, 0% 12/1/2031  | 350 | 269 |
| GO Bonds, Series 2013-B, 4.91% 4/1/2027  | 1100 | 1111 |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 136022 | 139074 |
| GO Bonds, Taxable Build America Bonds, Series 2010-1, 6.63% 2/1/2035  | 2904 | 3052 |
| GO Bonds, Taxable Build America Bonds, Series 2010-3, 6.725% 4/1/2035  | 3461 | 3652 |
| GO Bonds, Taxable Build America Bonds, Series 2010-5, 7.35% 7/1/2035  | 250 | 271 |
|  |  | 263845 |
| **Massachusetts 0.00%** | **Massachusetts 0.00%** | **Massachusetts 0.00%** |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049  | 7100 | 7257 |

---

---

| | |
|:---|:---|
| The Income Fund of America | **53** |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) |  | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Municipals (continued)** | **Municipals (continued)** | **Municipals (continued)** | **Municipals (continued)** |
| **Ohio 0.02%** | **Ohio 0.02%** | **Ohio 0.02%** | **Ohio 0.02%** |
| Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series <br> 2021, 4.425% 5/1/2031  | Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series <br> 2021, 4.425% 5/1/2031  | USD26,995 | $23963 |
| **Wisconsin 0.02%** | **Wisconsin 0.02%** | **Wisconsin 0.02%** | **Wisconsin 0.02%** |
| Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034  | Public Fin. Auth., Federal Lease Rev. Bonds (Fort Sam Acquisition Fncg.), Series 2022, 4.95% 3/1/2034  | 22355 | 21748 |
| **Total municipals** | **Total municipals** |  | 347948 |
| **Total bonds, notes & other debt instruments** (cost: $32,909,984,000) | **Total bonds, notes & other debt instruments** (cost: $32,909,984,000) |  | 32608740 |
| Short-term securities 7.06% |  | Shares |  |
| **Money market investments 7.02%** | **Money market investments 7.02%** | **Money market investments 7.02%** | **Money market investments 7.02%** |
| Capital Group Central Cash Fund 4.33% <sup>(a)(q)</sup>  | Capital Group Central Cash Fund 4.33% <sup>(a)(q)</sup>  | 93965474 | 9395608 |
| **Money market investments purchased with collateral from securities on loan 0.04%** | **Money market investments purchased with collateral from securities on loan 0.04%** | **Money market investments purchased with collateral from securities on loan 0.04%** | **Money market investments purchased with collateral from securities on loan 0.04%** |
| Capital Group Central Cash Fund 4.33% <sup>(a)(q)(r)</sup>  | Capital Group Central Cash Fund 4.33% <sup>(a)(q)(r)</sup>  | 155027 | 15501 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 4.19% <sup>(q)(r)</sup>  | Dreyfus Treasury Obligations Cash Management, Institutional Shares 4.19% <sup>(q)(r)</sup>  | 6300000 | 6300 |
| RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 4.25% <sup>(q)(r)</sup>  | RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 4.25% <sup>(q)(r)</sup>  | 6300000 | 6300 |
| Fidelity Investments Money Market Government Portfolio, Class I 4.22% <sup>(q)(r)</sup>  | Fidelity Investments Money Market Government Portfolio, Class I 4.22% <sup>(q)(r)</sup>  | 5800000 | 5800 |
| Goldman Sachs Financial Square Government Fund, Institutional Shares 4.20% <sup>(q)(r)</sup>  | Goldman Sachs Financial Square Government Fund, Institutional Shares 4.20% <sup>(q)(r)</sup>  | 4600000 | 4600 |
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 4.22% <sup>(q)(r)</sup>  | Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 4.22% <sup>(q)(r)</sup>  | 4600000 | 4600 |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 4.21% <sup>(q)(r)</sup>  | BlackRock Liquidity Funds – FedFund, Institutional Shares 4.21% <sup>(q)(r)</sup>  | 2900000 | 2900 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 4.25% <sup>(q)(r)</sup>  | State Street Institutional U.S. Government Money Market Fund, Premier Class 4.25% <sup>(q)(r)</sup>  | 2900000 | 2900 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.25% <sup>(q)(r)</sup>  | Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.25% <sup>(q)(r)</sup>  | 2832951 | 2833 |
|  |  |  | 51734 |
|  | Coupon rate | Principal amount<br> (000)<br>|  |
| **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** |
| PEAC Solutions Receivables, LLC 2/20/2026 <sup>(g)(m)</sup> <br>| 4.592<br> %<br>| USD497 | 497 |
| **Total short-term securities** (cost: $9,448,345,000) |  |  | 9447839 |
| **Total investment securities 100.49%** (cost: $102,738,371,000) | **Total investment securities 100.49%** (cost: $102,738,371,000) |  | 134455723 |
| Other assets less liabilities (0.49)% | Other assets less liabilities (0.49)% |  | (661236)<br>|
| **Net assets 100.00%** | **Net assets 100.00%** |  | $133794487 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 7/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month SOFR Futures | Short | 27304 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD(6,550,912)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $13477 |
| 2 Year U.S. Treasury Note Futures | Long | 25922 | 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5365449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14627)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 27858 | 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3013452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5626 |
| 10 Year Ultra U.S. Treasury Note Futures | Long | 5252 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7228 |
| 10 Year U.S. Treasury Note Futures | Long | 4857 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 539431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4954 |
| 20 Year U.S. Treasury Bond Futures | Short | 521 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59492)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1260)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 4448 | 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9844 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $25242 |

---

---

| | |
|:---|:---|
| **54** | The Income Fund of America |

---

------

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>7/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 7/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>7/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 7/31/2025 <br>(000) |
| SOFR | Annual | 4.1215% | Annual | &nbsp;&nbsp; 1/27/2030 | USD80,000 | &nbsp;&nbsp; $(1773)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1773)<br>|
| SOFR | Annual | 4.0585% | Annual | &nbsp;&nbsp; 2/5/2030 | 49140 | &nbsp;&nbsp; (965)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (965)<br>|
| SOFR | Annual | 4.041% | Annual | &nbsp;&nbsp; 2/5/2030 | 110700 | &nbsp;&nbsp; (2095)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2095)<br>|
| SOFR | Annual | 3.7045% | Annual | &nbsp;&nbsp; 3/13/2030 | 54640 | &nbsp;&nbsp; (275)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (275)<br>|
| SOFR | Annual | 3.797% | Annual | &nbsp;&nbsp; 3/31/2030 | 8873 | &nbsp;&nbsp; (80)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (80)<br>|
| SOFR | Annual | 3.794% | Annual | &nbsp;&nbsp; 3/31/2030 | 16957 | &nbsp;&nbsp; (150)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (150)<br>|
| SOFR | Annual | 3.796% | Annual | &nbsp;&nbsp; 3/31/2030 | 16958 | &nbsp;&nbsp; (152)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (152)<br>|
| SOFR | Annual | 3.7815% | Annual | &nbsp;&nbsp; 3/31/2030 | 33535 | &nbsp;&nbsp; (279)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (279)<br>|
| SOFR | Annual | 3.6065% | Annual | &nbsp;&nbsp; 5/12/2030 | 36030 | &nbsp;&nbsp; (29)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (29)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $(5798)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(5798)<br>|

---

**Bilateral interest rate swaps** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Counterparty | Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | Value at <br>7/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 7/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Counterparty | Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | Value at <br>7/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 7/31/2025 <br>(000) |
| 14.4225% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | BRL1,190,200 | &nbsp;&nbsp; $6987 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6987 |
| 15.09% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | 593000 | &nbsp;&nbsp; 6336 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6336 |
| 14.5956% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | 514950 | &nbsp;&nbsp; 3406 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3406 |
| 14.37% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | 412730 | &nbsp;&nbsp; 2163 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2163 |
| 14.585% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | 61361 | &nbsp;&nbsp; 402 | &nbsp;&nbsp; — | &nbsp;&nbsp; 402 |
| 13.31% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2029 | 276670 | &nbsp;&nbsp; (415)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (415)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $18879 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $18879 |

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>7/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 7/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.44 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | USD47,500 | &nbsp;&nbsp;&nbsp;&nbsp; $(3418)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(2909)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(509)<br>|
| CDX.NA.IG.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | 325752 | &nbsp;&nbsp;&nbsp;&nbsp; (7041)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4174)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2867)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(10459)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(7083)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(3376)<br>|

---

**Investments in affiliates** <sup>(a)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>8/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>7/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.66%** |  |  |  |  |  |  |  |
| **Financials 0.08%** |  |  |  |  |  |  |  |
| Islandsbanki hf.  | $75545 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $569 | &nbsp;&nbsp; $(96)<br>| &nbsp;&nbsp; $27681 | &nbsp;&nbsp; $102561 | &nbsp;&nbsp; $4925 |
| **Consumer staples 0.01%** |  |  |  |  |  |  |  |
| Viva Wine Group AB <sup>(b)</sup>  | 19375 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1142)<br>| &nbsp;&nbsp; 18233 | &nbsp;&nbsp; 733 |
| **Health care 0.03%** |  |  |  |  |  |  |  |
| Rotech Healthcare, Inc. <sup>(c)(e)(f)</sup>  | 50336 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (9441)<br>| &nbsp;&nbsp; 40895 | &nbsp;&nbsp; — |

---

---

| | |
|:---|:---|
| The Income Fund of America | **55** |

---

------

**Investments in affiliates** <sup>(a)</sup> (continued)

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at<br> 8/1/2024<br> (000)<br>| Additions<br> (000)<br>| Reductions<br> (000)<br>| Net<br> realized<br> gain (loss)<br> (000)<br>| Net<br> unrealized<br> appreciation<br> (depreciation)<br> (000)<br>| Value at<br> 7/31/2025<br> (000)<br>| Dividend<br> or interest<br> income<br> (000)<br>|
| **Information technology 0.19%** |  |  |  |  |  |  |  |
| Diebold Nixdorf, Inc. <sup>(e)</sup>  | $196917 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $57605 | &nbsp;&nbsp; $254522 | &nbsp;&nbsp; $— |
| **Consumer discretionary 0.35%** |  |  |  |  |  |  |  |
| Vail Resorts, Inc.  |  | &nbsp;&nbsp; 282830 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (3687)<br>| &nbsp;&nbsp; 279143 | &nbsp;&nbsp; 3104 |
| Domino's Pizza Group PLC  | 127988 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (30826)<br>| &nbsp;&nbsp; 97162 | &nbsp;&nbsp; 4363 |
| Puuilo OYJ  | 60516 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 25325 | &nbsp;&nbsp; 85841 | &nbsp;&nbsp; 3316 |
| Party City Holdco, Inc. <sup>(c)(e)</sup>  | 27288 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (27288)<br>| &nbsp;&nbsp; — <br><sup>(d)</sup><br>| &nbsp;&nbsp; — |
| Party City Holdco, Inc. <sup>(c)(e)(g)</sup>  | 273 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (273)<br>| &nbsp;&nbsp; — <br><sup>(d)</sup><br>| &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 462146 |  |
| **Utilities 0.00%** |  |  |  |  |  |  |  |
| Brookfield Infrastructure Partners, LP <sup>(s)</sup>  | 946060 | &nbsp;&nbsp; — | &nbsp;&nbsp; 236930 | &nbsp;&nbsp; (53832)<br>| &nbsp;&nbsp; 40257 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38966 |
| **Communication services 0.00%** |  |  |  |  |  |  |  |
| Publicis Groupe SA <sup>(s)</sup>  | 967526 | &nbsp;&nbsp; 425024 | &nbsp;&nbsp; 259445 | &nbsp;&nbsp; (9303)<br>| &nbsp;&nbsp; (132245)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 56867 |
| **Materials 0.00%** |  |  |  |  |  |  |  |
| Venator Materials PLC <sup>(c)(e)</sup>  | 36351 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (36351)<br>| &nbsp;&nbsp; — <br><sup>(d)</sup><br>| &nbsp;&nbsp; — |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 878357 |  |
| **Bonds, notes & other debt instruments 0.12%** |  |  |  |  |  |  |  |
| **Consumer discretionary 0.03%** |  |  |  |  |  |  |  |
| Party City Holdco, Inc. 12.00% PIK 1/11/2029 <sup>(c)(g)(h)(l)</sup>  | 28337 | &nbsp;&nbsp; 1728 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (29442)<br>| &nbsp;&nbsp; 623 | &nbsp;&nbsp; 1073 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(g)</sup>  |  | &nbsp;&nbsp; 10760 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 66 | &nbsp;&nbsp; 10826 | &nbsp;&nbsp; 49 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(g)</sup>  | 22895 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 121 | &nbsp;&nbsp; 23016 | &nbsp;&nbsp; 1456 |
|  |  |  |  |  |  | &nbsp;&nbsp; 34465 |  |
| **Information technology 0.09%** |  |  |  |  |  |  |  |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(g)</sup>  |  | &nbsp;&nbsp; 125829 | &nbsp;&nbsp; 6329 | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 6336 | &nbsp;&nbsp; 126007 | &nbsp;&nbsp; 5639 |
| Diebold Nixdorf, Inc., Term Loan, <br>(3-month USD CME Term SOFR + 6.50%) <br>14.25% 8/11/2028 <sup>(g)(i)(t)</sup> <br>| 215994 | &nbsp;&nbsp; — | &nbsp;&nbsp; 212864 | &nbsp;&nbsp; 5637 | &nbsp;&nbsp; (8767)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 10290 |
|  |  |  |  |  |  | &nbsp;&nbsp; 126007 |  |
| **Total bonds, notes & other debt instruments** |  |  |  |  |  | &nbsp;&nbsp; 160472 |  |
| **Short-term securities 7.03%** |  |  |  |  |  |  |  |
| **Money market investments 7.02%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.33% <sup>(q)</sup>  | 7436255 | &nbsp;&nbsp; 18904149 | &nbsp;&nbsp; 16944232 | &nbsp;&nbsp; 295 | &nbsp;&nbsp; (859)<br>| &nbsp;&nbsp; 9395608 | &nbsp;&nbsp; 355075 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.01%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.33% <sup>(q)(r)</sup>  | 1905 | &nbsp;&nbsp; 13596 <br><sup>(u)</sup><br>|  |  |  | &nbsp;&nbsp; 15501 | &nbsp;&nbsp; — <br><sup>(v)</sup><br>|
| **Total short-term securities** |  |  |  |  |  | &nbsp;&nbsp; 9411109 |  |
| **Total 7.81%** |  |  |  | &nbsp;&nbsp; $(57128)<br>| &nbsp;&nbsp; $(122930)<br>| &nbsp;&nbsp; $10449938 | &nbsp;&nbsp; $485856 |

---

**Restricted securities** <sup>(f)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Ascent Resources, LLC, Class A <sup>(c)</sup> <br>| 4/25/2016-11/15/2016 | $56848 | $54479 | 0.04<br> %<br>|
| Rotech Healthcare, Inc. <sup>(a)(c)(e)</sup> <br>| 11/26/2014 | 19660 | 40895 | 0.03 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + <br> 7.25%) 11.428% 9/13/2029 <sup>(i)(j)</sup> <br>| 9/13/2023 | 32793 | 33472 | 0.03 |
| Finastra USA, Inc., Term Loan, (3-month USD CME Term SOFR + <br> 7.25%) 11.428% 9/13/2029 <sup>(i)(j)</sup> <br>| 9/13/2023-6/13/2025 | 370 | 372 | 0.00 <br><sup>(w)</sup><br>|

---

---

| | |
|:---|:---|
| **56** | The Income Fund of America |

---

------

**Restricted securities** <sup>(f)</sup> (continued)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition<br> date(s)<br>| Cost<br> (000)<br>| Value<br> (000)<br>| Percent<br> of net<br> assets<br>|
| Wolfspeed, Inc. 2.00% PIK and 9.875% Cash 6/23/2030 (13.875% <br> on 6/22/2026) <sup>(h)(k)</sup> <br>| 6/23/2023-6/23/2025 | $11675 | $12374 | 0.01<br> %<br>|
| Wolfspeed, Inc. 2.00% PIK and 9.875% Cash 6/23/2030 (13.875% <br> on 6/23/2026) <sup>(h)(k)</sup> <br>| 10/22/2024-6/23/2025 | 8888 | 9714 | 0.01 |
| AH Parent, Inc., Class A, 10.50% PIK or 10.00% Cash, perpetual <br> cumulative preferred shares <sup>(c)(h)</sup> <br>| 9/27/2024 | 17701 | 18516 | 0.01 |
| **Total** |  | $147935 | $169822 | 0.13<br> %<br>|

---

<sup>(a)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(b)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(c)</sup> Value determined using significant unobservable inputs.

<sup>(d)</sup> Amount less than one thousand.

<sup>(e)</sup> Security did not produce income during the last 12 months.

<sup>(f)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(g)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) 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 $15,018,100,000, which represented 11.22% of the net assets of the fund. 

<sup>(h)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(i)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(j)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $912,165,000, which represented 0.67% of the net assets of the fund. 

<sup>(k)</sup> Step bond; coupon rate may change at a later date.

<sup>(l)</sup> Scheduled interest and/or principal payment was not received.

<sup>(m)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(n)</sup> Represents securities transacted on a TBA basis.

<sup>(o)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $121,107,000, which represented 0.09% of the net assets of the fund. 

<sup>(p)</sup> Index-linked bond whose principal amount moves with a government price index. 

<sup>(q)</sup> Rate represents the seven-day yield at 7/31/2025.

<sup>(r)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(s)</sup> Affiliated issuer during the reporting period but no longer an affiliate at 7/31/2025. Refer to the investment portfolio for the security value at 7/31/2025.

<sup>(t)</sup> Affiliated issuer during the reporting period but no longer held at 7/31/2025.

<sup>(u)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(v)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(w)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| AGI = Assured Guaranty insured |
| AMT = Alternative Minimum Tax |
| Assn. = Association |
| Auth. = Authority |
| BRL = Brazilian reais |
| BZDIOVER = Overnight Brazilian Interbank Deposit <br> Rate<br>|
| CAB = Capital Appreciation Bonds |
| CAD = Canadian dollars |
| CLO = Collateralized Loan Obligations |

---

---

| |
|:---|
| CME = CME Group |
| CMO = Collateralized Mortgage Obligations |
| DAC = Designated Activity Company |
| Dev. = Development |
| EUR = Euros |
| Fin. = Finance |
| Fncg. = Financing |
| FSA = Financial Security Assurance insured |
| GBP = British pounds |
| GO = General Obligation |

---

---

| |
|:---|
| NATL = National Public Finance Guarantee Corp. <br> insured<br>|
| PIK = Payment In Kind |
| Ref. = Refunding |
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| The Income Fund of America | **57** |

---

------

Financial statements

**Statement of assets and liabilities** at July 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value (includes $423,828 of <br>investment securities on loan):<br>|  |  |
| Unaffiliated issuers (cost: $92,237,019) | $124005785 |  |
| Affiliated issuers (cost: $10,501,352) | 10449938 | $134455723 |
| Cash |  | 22759 |
| Cash denominated in currencies other than U.S. dollars (cost: $1,393) |  | 1393 |
| Bilateral swaps, at value |  | 19294 |
| Unrealized appreciation on unfunded commitments\* |  | 16 |
| Receivables for: |  |  |
| Sales of investments | 1765460 |  |
| Sales of fund's shares | 58651 |  |
| Dividends and interest | 605295 |  |
| Securities lending income | 349 |  |
| Variation margin on futures contracts | 6568 |  |
| Variation margin on centrally cleared swap contracts | 212 |  |
| Other | 4273 | 2440808<br>|
|  |  | 136939993 |
| **Liabilities:** |  |  |
| Collateral for securities on loan |  | 51734 |
| Bilateral swaps, at value |  | 415 |
| Payables for: |  |  |
| Purchases of investments | 2978903 |  |
| Repurchases of fund's shares | 52371 |  |
| Investment advisory services | 24045 |  |
| Services provided by related parties | 22848 |  |
| Trustees' deferred compensation | 5723 |  |
| Variation margin on futures contracts | 2421 |  |
| Variation margin on centrally cleared swap contracts | 75 |  |
| Other | 6971 | 3093357<br>|
| Commitments and contingencies\* |  |  |
| **Net assets at July 31, 2025** |  | $133794487 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of beneficial interest |  | $93017292 |
| Total distributable earnings (accumulated loss) |  | 40777195<br>|
| **Net assets at July 31, 2025** |  | $133794487 |

---

\*

Refer to Note 5 for further information on unfunded commitments.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **58** | The Income Fund of America |

---

------

Financial statements (continued)

**Statement of assets and liabilities** at July 31, 2025 (continued)

------

(dollars and shares in thousands, except per-share amounts)

**Shares of beneficial interest issued and outstanding (no stated par value) —**

**unlimited shares authorized (5,040,114 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $80221345 | 3020582 | $26.56 |
| Class C | 1247490 | 47831 | 26.08 |
| Class T | 12 | —<br> \*<br>| 26.56 |
| Class F-1 | 2069359 | 78205 | 26.46 |
| Class F-2 | 15560827 | 586720 | 26.52 |
| Class F-3 | 6147588 | 231644 | 26.54 |
| Class 529-A | 1875394 | 70837 | 26.47 |
| Class 529-C | 40241 | 1524 | 26.41 |
| Class 529-E | 52815 | 2004 | 26.36 |
| Class 529-T | 19 | 1 | 26.56 |
| Class 529-F-1 | 16 | 1 | 26.46 |
| Class 529-F-2 | 187363 | 7054 | 26.56 |
| Class 529-F-3 | 23 | 1 | 26.56 |
| Class R-1 | 59987 | 2278 | 26.33 |
| Class R-2 | 337883 | 12941 | 26.11 |
| Class R-2E | 40583 | 1534 | 26.45 |
| Class R-3 | 646725 | 24485 | 26.41 |
| Class R-4 | 724786 | 27360 | 26.49 |
| Class R-5E | 216097 | 8154 | 26.50 |
| Class R-5 | 211293 | 7956 | 26.56 |
| Class R-6 | 24154641 | 909002 | 26.57 |

---

\*

Amount less than one thousand.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| The Income Fund of America | **59** |

---

------

Financial statements (continued)

**Statement of operations** for the year ended July 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Dividends (net of non-U.S. taxes of $88,508; <br>also includes $467,349 from affiliates)<br>| $3343399 |  |
| Interest (includes $18,507 from affiliates) | 1859059 |  |
| Securities lending income (net of fees) | 5141 | $5207599 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 285375 |  |
| Distribution services | 227666 |  |
| Transfer agent services | 66764 |  |
| Administrative services | 38535 |  |
| 529 plan services | 1140 |  |
| Reports to shareholders | 1949 |  |
| Registration statement and prospectus | 1078 |  |
| Trustees' compensation | 1228 |  |
| Auditing and legal | 659 |  |
| Custodian | 3324 |  |
| Other | 199 | 627917<br>|
| Net investment income |  | 4579682<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments (net of non-U.S. taxes of $2,594): |  |  |
| Unaffiliated issuers | 7976604 |  |
| Affiliated issuers | (57128)<br>|  |
| Futures contracts | (81251)<br>|  |
| Forward currency contracts | (1996)<br>|  |
| Swap contracts | 9353 |  |
| Currency transactions | 12812 | 7858394 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments (net of non-U.S. taxes of $3,060): |  |  |
| Unaffiliated issuers | 2935593 |  |
| Affiliated issuers | (122930)<br>|  |
| Futures contracts | (26811)<br>|  |
| Forward currency contracts | (672)<br>|  |
| Swap contracts | (3384)<br>|  |
| Currency translations | 2874 | 2784670<br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 10643064<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $15222746 |

---

\*

Additional information related to class-specific fees and expenses is included in the notes to financial statements.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **60** | The Income Fund of America |

---

------

Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Year ended July 31,** | **Year ended July 31,** |
|  | **2025** | **2024** |
| **Operations:** |  |  |
| Net investment income | $4579682 | $4427452 |
| Net realized gain (loss) | 7858394 | 2961710 |
| Net unrealized appreciation (depreciation) | 2784670 | 6327640 |
| Net increase (decrease) in net assets resulting from operations | 15222746 | 13716802 |
| **Distributions paid to shareholders** | (7811528)<br>| (4433791)<br>|
| **Net capital share transactions** | 963617 | (4163023)<br>|
| **Total increase (decrease) in net assets**  | 8374835 | 5119988 |
| **Net assets:** |  |  |
| Beginning of year | 125419652 | 120299664 |
| End of year | $133794487 | $125419652 |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| The Income Fund of America | **61** |

---

------

Notes to financial statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

------

The Income Fund of America (the "fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, diversified management investment company. The fund seeks current income while secondarily striving for capital growth.

The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund's share classes are described further in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Share class** | **Initial sales charge** | &nbsp;&nbsp; **Contingent deferred sales** <br>**charge upon redemption**<br>| **Conversion feature** |
| Classes A and 529-A | &nbsp;&nbsp; Up to 5.75% for <br> Class A; up to 3.50% for <br> Class 529-A<br>| &nbsp;&nbsp; None (except 1.00% for certain <br> redemptions within 18 months of purchase <br> without an initial sales charge)<br>|  |
| Classes C and 529-C |  | &nbsp;&nbsp; 1.00% for redemptions within one year of <br> purchase<br>| &nbsp;&nbsp; Class C converts to Class A <br> after eight years and Class 529-C <br> converts to Class 529-A after five years<br>|
| Class 529-E |  |  |  |
| Classes T and 529-T\* | Up to 2.50% |  |  |
| Classes F-1, F-2, F-3, 529-F-1, <br> 529-F-2 and 529-F-3<br>|  |  |  |
| Classes R-1, R-2, R-2E, R-3, R-4, <br> R-5E, R-5 and R-6<br>|  |  |  |

---

\*

Class T and 529-T shares are not available for purchase.

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

**2. Significant accounting policies**

------

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the fund's investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

**Operating segments** — The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the fund's Principal Executive Officer and Principal Financial Officer, serves as the fund's chief operating decision maker ("CODM"), who act in accordance with Board of Trustee reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.

---

| | |
|:---|:---|
| **62** | The Income Fund of America |

---

------

**Security transactions and related investment income** — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

**Class allocations** — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

**Distributions paid to shareholders** — Income dividends and capital gain distributions are recorded on the ex-dividend date.

**Currency translation** — 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. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund's statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

**New accounting pronouncements** — In December 2023, the FASB issued Accounting Standards Update 2023-09 ("the ASU"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management is currently evaluating the ASU and its impact to the financial statements.

**3. Valuation**

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

**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, including depositary receipts, 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.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party 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.

---

| | |
|:---|:---|
| The Income Fund of America | **63** |

---

------

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| All | &nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing models <br> such as yield measures calculated using factors such as cash flows, financial <br> or collateral performance and other reference data (collectively referred to <br> as "standard inputs")<br>|
| Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| Mortgage-backed; asset-backed obligations | &nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| Municipal securities | &nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs that <br> include, but are not limited to, financial statements and debt contracts <br>|

---

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 on the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract.

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 the fund's investment adviser and approved by the 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, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, 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 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 designated 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 "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports 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.

---

| | |
|:---|:---|
| **64** | The Income Fund of America |

---

------

**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 fund's valuation levels as of July 31, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $14096611 | $6276403 | —<br> \*<br>| $20373014 |
| Consumer staples | 8496293 | 2082839 |  | 10579132 |
| Health care | 7243521 | 2170571 | 40895 | 9454987 |
| Information technology | 6504101 | 2156975 |  | 8661076 |
| Energy | 7604866 | 913328 | 58446 | 8576640 |
| Industrials | 4120266 | 2914901 |  | 7035167 |
| Consumer discretionary | 4779316 | 2103261 | 22381 | 6904958 |
| Utilities | 4973211 | 1173698 |  | 6146909 |
| Communication services | 2383936 | 2669542 |  | 5053478 |
| Materials | 4154915 | 306603 | —<br> \*<br>| 4461518 |
| Real estate | 3383828 | 201236 |  | 3585064 |
| Preferred securities  | 293717 |  | 23199 | 316916 |
| Rights & warrants  |  |  | —<br> \*<br>| —<br> \*<br>|
| Convertible stocks  | 1229345 |  |  | 1229345 |
| Convertible bonds & notes  |  | 20940 |  | 20940 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Corporate bonds, notes & loans |  | 21436235 | 80361 | 21516596 |
| Mortgage-backed obligations |  | 5667808 | 19966 | 5687774 |
| U.S. Treasury bonds & notes |  | 2876414 |  | 2876414 |
| Asset-backed obligations |  | 1825267 |  | 1825267 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 354741 |  | 354741 |
| Municipals |  | 347948 |  | 347948 |
| Short-term securities  | 9447342 | 497 |  | 9447839 |
| Total | $78711268 | $55499207 | $245248 | $134455723 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $41129 | $— | $— | $41129 |
| Unrealized appreciation on bilateral interest rate swaps |  | 19294 |  | 19294 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (15887)<br>|  |  | (15887)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (5798)<br>|  | (5798)<br>|
| Unrealized depreciation on bilateral interest rate swaps |  | (415)<br>|  | (415)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (3376)<br>|  | (3376)<br>|
| Total  | $25242 | $9705 | $— | $34947 |

---

\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

---

| | |
|:---|:---|
| The Income Fund of America | **65** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**4. Risk factors**

------

Investing in the fund may involve certain risks including, but not limited to, those described below.

**Market conditions** — The prices of, and the income generated by, the common stocks and other securities held by the fund may decline – sometimes rapidly or unpredictably – due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates; and currency exchange rate, interest rate and commodity price fluctuations.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund's investments may be negatively affected by developments in other countries and regions.

**Issuer risks** — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.

**Investing in income-oriented stocks** — The value of the fund's securities and income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available for dividend payments at, the companies in which the fund invests.

**Investing in debt instruments** — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund's securities could cause the value of the fund's shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund's investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

**Investing in lower rated debt instruments** — Lower rated bonds and other lower rated debt securities, rated Ba1/BB+ or below by Nationally Recognized Statistical Rating Organizations, generally have higher rates of interest and involve greater risk of default or price declines due to changes in the issuer's creditworthiness than those of higher quality debt securities. The market prices of these securities may fluctuate more than the prices of higher quality debt securities and may decline significantly in periods of general economic difficulty. These risks may be increased with respect to investments in junk bonds.

---

| | |
|:---|:---|
| **66** | The Income Fund of America |

---

------

**Investing outside the U.S.** — Securities of issuers domiciled outside the U.S. or with significant operations or revenues outside the U.S., and securities tied economically to countries outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers are domiciled, operate or generate revenue or to which the securities are tied economically. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund's portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.

**Management** — The investment adviser to the fund actively manages the fund's investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

**5. Certain investment techniques**

------

**Securities lending** — The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.

Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.

The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund's investment portfolio. The same amount is recorded as a liability in the fund's statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.

As of July 31, 2025, the total value of securities on loan was $423,828,000, and the total value of collateral received was $433,020,000. Collateral received includes cash of $51,734,000 and U.S. government securities of $381,286,000. Investment securities purchased from cash collateral are disclosed in the fund's investment portfolio as short-term securities. Securities received as collateral are not recognized as fund assets. The contractual maturity of cash collateral received under the securities lending agreement is classified as overnight and continuous.

**Index-linked bonds** — The fund has invested in index-linked bonds, which are fixed-income securities whose principal value is periodically adjusted to a government price index. Over the life of an index-linked bond, interest is paid on the adjusted principal value. Increases or decreases in the principal value of index-linked bonds are recorded as interest income in the fund's statement of operations.

**Mortgage dollar rolls** — The fund has entered into mortgage dollar roll transactions of TBA securities in which the fund sells a TBA mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar TBA security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions and may result in an increase to the fund's portfolio turnover rate. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund's financial highlights table.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| The Income Fund of America | **67** |

---

------

**Loan transactions** — The fund has entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder's portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan's interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.

**Unfunded commitments** — The fund has participated in transactions that involve unfunded commitments, which may obligate the fund to purchase new or additional bonds if certain contingencies are met. As of July 31, 2025, the fund's maximum exposure of unfunded bond commitments was $3,671,000, which would represent less than 0.01% of the net assets of the fund should such commitments become due. Unrealized appreciation of $16,000 is disclosed as unrealized appreciation on unfunded commitments in the fund's statement of assets and liabilities and is included in net unrealized appreciation on investments in unaffiliated issuers in the fund's statement of operations.

**Futures contracts** — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio.

Upon entering into futures contracts, and to maintain the fund's open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant ("FCM"), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund's statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund's statement of operations. The average month-end notional amount of futures contracts while held was $7,144,156,000.

**Forward currency contracts —** The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund's investment adviser uses forward currency contracts to manage the fund's exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.

On a daily basis, the fund's investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund's statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.

Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund's statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund's statement of operations. As of July 31, 2025, the fund did not have any open forward currency contracts. The average month-end notional amount of open forward currency contracts while held was $364,250,000.

**Swap contracts** — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant's swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

---

| | |
|:---|:---|
| **68** | The Income Fund of America |

---

------

Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund's statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund's statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund's statement of operations.

Swap agreements can take different forms. The fund has entered into the following types of swap agreements:

**Interest rate swaps** — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund's current obligation or right under the swap agreement is generally equal to the net amount to be paid or received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $1,059,391,000.

**Credit default swap indices** — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as "CDSI"), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.

The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund, as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $380,316,000.

---

| | |
|:---|:---|
| The Income Fund of America | **69** |

---

------

The following tables identify the location and fair value amounts on the fund's statement of assets and liabilities and the effect on the fund's statement of operations resulting from the fund's use of futures contracts, forward currency contracts, interest rate swaps and credit default swaps as of, or for the year ended, July 31, 2025 (dollars in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation\* | $41129 | Unrealized depreciation\* | $15887 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation\* |  | Unrealized depreciation\* | 5798 |
| Swap (bilateral) | Interest | Bilateral swaps, at value | 19294 | Bilateral swaps, at value | 415 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation\* |  | Unrealized depreciation\* | 3376 |
|  |  |  | $60423 |  | $25476 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | **Location on statement of operations** | **Value** | **Location on statement of operations** | **Value** |
| Futures | Interest | Net realized gain (loss) on futures contracts | $(81251)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| $(26811)<br>|
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (1996)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on forward currency contracts<br>| (672)<br>|
| Swap | Interest | Net realized gain (loss) on swap contracts | 13495 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| 998 |
| Swap | Credit | Net realized gain (loss) on swap contracts | (4142)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (4382)<br>|
|  |  |  | $(73894)<br>|  | $(30867)<br>|

---

\*

Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps as reported in the applicable tables following the fund's investment portfolio. Only current day's variation margin is reported within the fund's statement of assets and liabilities.

**Collateral** — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to securities lending and its use of futures contracts, forward currency contracts, interest rate swaps, credit default swaps and future delivery contracts. For securities lending, the fund receives collateral in exchange for lending investment securities. The lending agent may reinvest cash collateral from securities lending transactions according to agreed parameters. Cash collateral reinvested by the lending agent, if any, is disclosed in the fund's investment portfolio. For futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts and bilateral interest rate swaps, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund's investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund's custodian, which is reflected as pledged cash collateral in the fund's statement of assets and liabilities.

**Rights of offset** — The fund has entered into enforceable master netting agreements with certain counterparties for bilateral swaps, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party's payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency ("close-out netting"). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.

---

| | |
|:---|:---|
| **70** | The Income Fund of America |

---

------

The following table presents the fund's bilateral swaps by counterparty that are subject to master netting agreements but that are not offset in the fund's statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund's statement of assets and liabilities as of July 31, 2025, if close-out netting was exercised (dollars in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of America | &nbsp;&nbsp; $6738<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(6264)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $474<br>|
| Barclays Bank PLC | &nbsp;&nbsp; 2163<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2106)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57<br>|
| Goldman Sachs | &nbsp;&nbsp; 10393<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10060)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 333<br>|
| Total | &nbsp;&nbsp; $19294<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8370)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(10060)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $864<br>|
| Liabilities: |  |  |  |  |  |
| BNP Paribas | &nbsp;&nbsp; $415<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(294)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $121<br>|

---

\*

Collateral is shown on a settlement basis.

**6. Taxation and distributions**

------

**Federal income taxation** — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the year ended July 31, 2025, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the year, the fund did not incur any significant interest or penalties.

The fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

**Non-U.S. taxation** — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years ("EU reclaims"). These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. During the year ended July 31, 2025, the fund recognized $11,785,000 in EU reclaims (net of $309,000 in fees and the effect of realized gain or loss from currency translations) and $3,525,000 in interest related to European court rulings, which is included in dividend income and interest income, respectively, in the fund's statement of operations. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

**Distributions** — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; cost of investments sold and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended July 31, 2025, the fund reclassified $353,422,000 from total distributable earnings to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.

---

| | |
|:---|:---|
| The Income Fund of America | **71** |

---

------

As of July 31, 2025, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Undistributed ordinary income | $1689407 |
| Undistributed long-term capital gains | 7575123 |
| Gross unrealized appreciation on investments | 33956785 |
| Gross unrealized depreciation on investments | (2409670)<br>|
| Net unrealized appreciation (depreciation) on investments | 31547115 |
| Cost of investments | 102950637 |

---

Distributions paid were characterized for tax purposes as follows (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** |
| <br>**Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| &nbsp;&nbsp;&nbsp; **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class A | &nbsp;&nbsp; $3034883 | $1682725 | $4717608 | &nbsp;&nbsp;&nbsp;&nbsp; $2719244 | $— | $2719244 |
| Class C | &nbsp;&nbsp; 42865 | 29632 | 72497 | &nbsp;&nbsp;&nbsp;&nbsp; 46882 |  | 46882 |
| Class T | &nbsp;&nbsp; 1 | —<br> \*<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>|  | —<br> \*<br>|
| Class F-1 | &nbsp;&nbsp; 78461 | 44368 | 122829 | &nbsp;&nbsp;&nbsp;&nbsp; 74260 |  | 74260 |
| Class F-2 | &nbsp;&nbsp; 583322 | 305853 | 889175 | &nbsp;&nbsp;&nbsp;&nbsp; 498869 |  | 498869 |
| Class F-3 | &nbsp;&nbsp; 241171 | 123523 | 364694 | &nbsp;&nbsp;&nbsp;&nbsp; 204224 |  | 204224 |
| Class 529-A | &nbsp;&nbsp; 71000 | 39779 | 110779 | &nbsp;&nbsp;&nbsp;&nbsp; 63864 |  | 63864 |
| Class 529-C | &nbsp;&nbsp; 1335 | 933 | 2268 | &nbsp;&nbsp;&nbsp;&nbsp; 1484 |  | 1484 |
| Class 529-E | &nbsp;&nbsp; 1912 | 1137 | 3049 | &nbsp;&nbsp;&nbsp;&nbsp; 1787 |  | 1787 |
| Class 529-T | &nbsp;&nbsp; 1 | 1 | 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |  | 1 |
| Class 529-F-1 | &nbsp;&nbsp; 1 | —<br> \*<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>|  | —<br> \*<br>|
| Class 529-F-2 | &nbsp;&nbsp; 6938 | 3583 | 10521 | &nbsp;&nbsp;&nbsp;&nbsp; 5679 |  | 5679 |
| Class 529-F-3 | &nbsp;&nbsp; 1 | —<br> \*<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 |  | 1 |
| Class R-1 | &nbsp;&nbsp; 1864 | 1289 | 3153 | &nbsp;&nbsp;&nbsp;&nbsp; 1774 |  | 1774 |
| Class R-2 | &nbsp;&nbsp; 10988 | 7624 | 18612 | &nbsp;&nbsp;&nbsp;&nbsp; 10017 |  | 10017 |
| Class R-2E | &nbsp;&nbsp; 1358 | 863 | 2221 | &nbsp;&nbsp;&nbsp;&nbsp; 1179 |  | 1179 |
| Class R-3 | &nbsp;&nbsp; 23042 | 13985 | 37027 | &nbsp;&nbsp;&nbsp;&nbsp; 21338 |  | 21338 |
| Class R-4 | &nbsp;&nbsp; 28552 | 16247 | 44799 | &nbsp;&nbsp;&nbsp;&nbsp; 27299 |  | 27299 |
| Class R-5E | &nbsp;&nbsp; 8207 | 4335 | 12542 | &nbsp;&nbsp;&nbsp;&nbsp; 6926 |  | 6926 |
| Class R-5 | &nbsp;&nbsp; 8315 | 4233 | 12548 | &nbsp;&nbsp;&nbsp;&nbsp; 7621 |  | 7621 |
| Class R-6 | &nbsp;&nbsp; 919528 | 467673 | 1387201 | &nbsp;&nbsp;&nbsp;&nbsp; 741342 |  | 741342 |
| Total | &nbsp;&nbsp; $5063745 | $2747783 | $7811528 | &nbsp;&nbsp;&nbsp;&nbsp; $4433791 | $— | $4433791 |

---

\*

Amount less than one thousand.

**7. Fees and transactions with related parties**

------

CRMC, the fund's investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the principal underwriter of the fund's shares, and American Funds Service Company® ("AFS"), the fund's transfer agent. CRMC, CCG and AFS are considered related parties to the fund.

**Investment advisory services** — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.250% on the first $500 million of daily net assets and decreasing to 0.121% on such assets in excess of $115 billion. The agreement also provides for monthly fees, accrued daily, based on a rate of 2.25% of the fund's monthly gross income. For the year ended July 31, 2025, the investment advisory services fees were $285,375,000, which were equivalent to an annualized rate of 0.222% of average daily net assets.

---

| | |
|:---|:---|
| **72** | The Income Fund of America |

---

------

**Class-specific fees and expenses** — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

**Distribution services** — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.25% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

---

| | | |
|:---|:---|:---|
| **Share class** | **Currently approved limits** | **Plan limits** |
| Class A | 0.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.25<br> %<br>|
| Class 529-A | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |
| Classes C, 529-C and R-1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2 | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2E | 0.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 |
| Classes 529-E and R-3 | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |
| Classes T, F-1, 529-T, 529-F-1 and R-4 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |

---

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of July 31, 2025, unreimbursed expenses subject to reimbursement totaled $7,375,000 for Class A shares. There were no unreimbursed expenses subject to reimbursement for Class 529-A shares.

**Transfer agent services** — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund's share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders.

**Administrative services** — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC's provision of administrative services.

**529 plan services** — Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.

The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the year ended July 31, 2025, the 529 plan services fees were $1,140,000, which were equivalent to 0.054% of the average daily net assets of each 529 share class.

---

| | |
|:---|:---|
| The Income Fund of America | **73** |

---

------

For the year ended July 31, 2025, class-specific expenses under the agreements were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Transfer agent** <br>**services**<br>| **Administrative** <br>**services**<br>| **529 plan** <br>**services**<br>|
| Class A | $195857 | $43029 | $23503 | Not applicable |
| Class C | 13302 | 738 | 399 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 5081 | 2603 | 616 | Not applicable |
| Class F-2 | Not applicable | 15809 | 4314 | Not applicable |
| Class F-3 | Not applicable | 38 | 1735 | Not applicable |
| Class 529-A | 4257 | 932 | 553 | $996 |
| Class 529-C | 425 | 22 | 13 | 23 |
| Class 529-E | 262 | 13 | 16 | 28 |
| Class 529-T |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-1 |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | Not applicable | 58 | 51 | 93 |
| Class 529-F-3 | Not applicable | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 593 | 55 | 18 | Not applicable |
| Class R-2 | 2581 | 1171 | 103 | Not applicable |
| Class R-2E | 239 | 80 | 12 | Not applicable |
| Class R-3 | 3221 | 942 | 194 | Not applicable |
| Class R-4 | 1848 | 739 | 222 | Not applicable |
| Class R-5E | Not applicable | 306 | 61 | Not applicable |
| Class R-5 | Not applicable | 82 | 61 | Not applicable |
| Class R-6 | Not applicable | 147 | 6664 | Not applicable |
| Total class-specific expenses | $227666 | $66764 | $38535 | $1140 |

---

\*

Amount less than one thousand.

**Trustees' deferred compensation** — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees' compensation of $1,228,000 in the fund's statement of operations reflects $508,000 in current fees (either paid in cash or deferred) and a net increase of $720,000 in the value of the deferred amounts.

**Affiliated officers and trustees** — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from the fund.

**Investment in CCF** — The fund holds shares of CCF, an institutional prime money market fund managed by CRMC. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund's short-term instruments. CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from CCF.

**Security transactions with related funds** — The fund purchased investment securities from, and sold investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the year ended July 31, 2025, the fund engaged in such purchase and sale transactions with related funds in the amounts of $1,180,327,000 and $1,440,480,000, respectively, which generated $381,610,000 of net realized gains from such sales.

**Interfund lending** — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended July 31, 2025.

---

| | |
|:---|:---|
| **74** | The Income Fund of America |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**8. Indemnifications**

------

The fund's organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund's board members and officers.

**9. Capital share transactions**

------

Capital share transactions in the fund were as follows (dollars and shares in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** |
| Class A | $3078104 | 120546 | &nbsp;&nbsp;&nbsp; $4611974 | 183230 | &nbsp;&nbsp;&nbsp; $(9498649)<br>| (372159)<br>| &nbsp;&nbsp;&nbsp; $(1808571)<br>| (68383)<br>|
| Class C | 145456 | 5790 | &nbsp;&nbsp;&nbsp; 71803 | 2907 | &nbsp;&nbsp;&nbsp; (488632)<br>| (19529)<br>| &nbsp;&nbsp;&nbsp; (271373)<br>| (10832)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 62123 | 2432 | &nbsp;&nbsp;&nbsp; 121170 | 4832 | &nbsp;&nbsp;&nbsp; (306407)<br>| (12032)<br>| &nbsp;&nbsp;&nbsp; (123114)<br>| (4768)<br>|
| Class F-2 | 2846015 | 111346 | &nbsp;&nbsp;&nbsp; 850461 | 33822 | &nbsp;&nbsp;&nbsp; (2571360)<br>| (100977)<br>| &nbsp;&nbsp;&nbsp; 1125116 | 44191 |
| Class F-3 | 1019230 | 39857 | &nbsp;&nbsp;&nbsp; 360286 | 14319 | &nbsp;&nbsp;&nbsp; (1041111)<br>| (40810)<br>| &nbsp;&nbsp;&nbsp; 338405 | 13366 |
| Class 529-A | 150503 | 5910 | &nbsp;&nbsp;&nbsp; 110740 | 4413 | &nbsp;&nbsp;&nbsp; (324903)<br>| (12776)<br>| &nbsp;&nbsp;&nbsp; (63660)<br>| (2453)<br>|
| Class 529-C | 9095 | 358 | &nbsp;&nbsp;&nbsp; 2266 | 91 | &nbsp;&nbsp;&nbsp; (21493)<br>| (849)<br>| &nbsp;&nbsp;&nbsp; (10132)<br>| (400)<br>|
| Class 529-E | 4074 | 162 | &nbsp;&nbsp;&nbsp; 3047 | 122 | &nbsp;&nbsp;&nbsp; (11333)<br>| (447)<br>| &nbsp;&nbsp;&nbsp; (4212)<br>| (163)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-2 | 39040 | 1528 | &nbsp;&nbsp;&nbsp; 10520 | 418 | &nbsp;&nbsp;&nbsp; (31327)<br>| (1227)<br>| &nbsp;&nbsp;&nbsp; 18233 | 719 |
| Class 529-F-3 | 6 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 7 | — <br><sup>†</sup><br>|
| Class R-1 | 6492 | 256 | &nbsp;&nbsp;&nbsp; 3153 | 126 | &nbsp;&nbsp;&nbsp; (15697)<br>| (620)<br>| &nbsp;&nbsp;&nbsp; (6052)<br>| (238)<br>|
| Class R-2 | 44731 | 1781 | &nbsp;&nbsp;&nbsp; 18579 | 751 | &nbsp;&nbsp;&nbsp; (89300)<br>| (3547)<br>| &nbsp;&nbsp;&nbsp; (25990)<br>| (1015)<br>|
| Class R-2E | 4816 | 189 | &nbsp;&nbsp;&nbsp; 2221 | 89 | &nbsp;&nbsp;&nbsp; (8178)<br>| (323)<br>| &nbsp;&nbsp;&nbsp; (1141)<br>| (45)<br>|
| Class R-3 | 84761 | 3338 | &nbsp;&nbsp;&nbsp; 36939 | 1476 | &nbsp;&nbsp;&nbsp; (156730)<br>| (6159)<br>| &nbsp;&nbsp;&nbsp; (35030)<br>| (1345)<br>|
| Class R-4 | 98103 | 3842 | &nbsp;&nbsp;&nbsp; 44772 | 1783 | &nbsp;&nbsp;&nbsp; (215693)<br>| (8472)<br>| &nbsp;&nbsp;&nbsp; (72818)<br>| (2847)<br>|
| Class R-5E | 29112 | 1144 | &nbsp;&nbsp;&nbsp; 12541 | 499 | &nbsp;&nbsp;&nbsp; (33335)<br>| (1308)<br>| &nbsp;&nbsp;&nbsp; 8318 | 335 |
| Class R-5 | 30256 | 1188 | &nbsp;&nbsp;&nbsp; 12504 | 497 | &nbsp;&nbsp;&nbsp; (42509)<br>| (1665)<br>| &nbsp;&nbsp;&nbsp; 251 | 20 |
| Class R-6 | 2642809 | 103189 | &nbsp;&nbsp;&nbsp; 1385759 | 55002 | &nbsp;&nbsp;&nbsp; (2133190)<br>| (83369)<br>| &nbsp;&nbsp;&nbsp; 1895378 | 74822 |
| Total net increase <br> (decrease)<br>| $10294726 | 402856 | &nbsp;&nbsp;&nbsp; $7658738 | 304377 | &nbsp;&nbsp;&nbsp; $(16989847)<br>| (666269)<br>| &nbsp;&nbsp;&nbsp; $963617 | 40964 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| The Income Fund of America | **75** |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** | **Year ended July 31, 2024** |
| Class A | $2608897 | 112145 | &nbsp;&nbsp;&nbsp; $2651363 | 114841 | &nbsp;&nbsp;&nbsp; $(9460262)<br>| (407582)<br>| &nbsp;&nbsp;&nbsp; $(4200002)<br>| (180596)<br>|
| Class C | 114083 | 4989 | &nbsp;&nbsp;&nbsp; 46290 | 2043 | &nbsp;&nbsp;&nbsp; (601033)<br>| (26325)<br>| &nbsp;&nbsp;&nbsp; (440660)<br>| (19293)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 40425 | 1730 | &nbsp;&nbsp;&nbsp; 73155 | 3181 | &nbsp;&nbsp;&nbsp; (367247)<br>| (15857)<br>| &nbsp;&nbsp;&nbsp; (253667)<br>| (10946)<br>|
| Class F-2 | 2266692 | 97532 | &nbsp;&nbsp;&nbsp; 476968 | 20683 | &nbsp;&nbsp;&nbsp; (3104250)<br>| (133578)<br>| &nbsp;&nbsp;&nbsp; (360590)<br>| (15363)<br>|
| Class F-3 | 873922 | 37475 | &nbsp;&nbsp;&nbsp; 201946 | 8751 | &nbsp;&nbsp;&nbsp; (1181783)<br>| (50860)<br>| &nbsp;&nbsp;&nbsp; (105915)<br>| (4634)<br>|
| Class 529-A | 138683 | 5969 | &nbsp;&nbsp;&nbsp; 63841 | 2773 | &nbsp;&nbsp;&nbsp; (313766)<br>| (13502)<br>| &nbsp;&nbsp;&nbsp; (111242)<br>| (4760)<br>|
| Class 529-C | 9411 | 407 | &nbsp;&nbsp;&nbsp; 1480 | 64 | &nbsp;&nbsp;&nbsp; (24336)<br>| (1050)<br>| &nbsp;&nbsp;&nbsp; (13445)<br>| (579)<br>|
| Class 529-E | 4735 | 205 | &nbsp;&nbsp;&nbsp; 1786 | 78 | &nbsp;&nbsp;&nbsp; (10679)<br>| (462)<br>| &nbsp;&nbsp;&nbsp; (4158)<br>| (179)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 26912 | 1155 | &nbsp;&nbsp;&nbsp; 5676 | 245 | &nbsp;&nbsp;&nbsp; (30185)<br>| (1294)<br>| &nbsp;&nbsp;&nbsp; 2403 | 106 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class R-1 | 9609 | 425 | &nbsp;&nbsp;&nbsp; 1774 | 78 | &nbsp;&nbsp;&nbsp; (17197)<br>| (753)<br>| &nbsp;&nbsp;&nbsp; (5814)<br>| (250)<br>|
| Class R-2 | 44759 | 1956 | &nbsp;&nbsp;&nbsp; 10013 | 441 | &nbsp;&nbsp;&nbsp; (88391)<br>| (3862)<br>| &nbsp;&nbsp;&nbsp; (33619)<br>| (1465)<br>|
| Class R-2E | 5481 | 240 | &nbsp;&nbsp;&nbsp; 1179 | 52 | &nbsp;&nbsp;&nbsp; (6085)<br>| (262)<br>| &nbsp;&nbsp;&nbsp; 575 | 30 |
| Class R-3 | 78776 | 3388 | &nbsp;&nbsp;&nbsp; 21276 | 927 | &nbsp;&nbsp;&nbsp; (174328)<br>| (7524)<br>| &nbsp;&nbsp;&nbsp; (74276)<br>| (3209)<br>|
| Class R-4 | 81398 | 3497 | &nbsp;&nbsp;&nbsp; 27292 | 1185 | &nbsp;&nbsp;&nbsp; (181911)<br>| (7782)<br>| &nbsp;&nbsp;&nbsp; (73221)<br>| (3100)<br>|
| Class R-5E | 26589 | 1147 | &nbsp;&nbsp;&nbsp; 6926 | 301 | &nbsp;&nbsp;&nbsp; (28367)<br>| (1225)<br>| &nbsp;&nbsp;&nbsp; 5148 | 223 |
| Class R-5 | 17779 | 772 | &nbsp;&nbsp;&nbsp; 7591 | 329 | &nbsp;&nbsp;&nbsp; (39096)<br>| (1683)<br>| &nbsp;&nbsp;&nbsp; (13726)<br>| (582)<br>|
| Class R-6 | 2526715 | 108165 | &nbsp;&nbsp;&nbsp; 740540 | 32022 | &nbsp;&nbsp;&nbsp; (1748071)<br>| (73985)<br>| &nbsp;&nbsp;&nbsp; 1519184 | 66202 |
| Total net increase <br> (decrease)<br>| $8874866 | 381197 | &nbsp;&nbsp;&nbsp; $4339098 | 187994 | &nbsp;&nbsp;&nbsp; $(17376987)<br>| (747586)<br>| &nbsp;&nbsp;&nbsp; $(4163023)<br>| (178395)<br>|

---

\*

Includes exchanges between share classes of the fund.

<sup>†</sup>

Amount less than one thousand.

**10. Investment transactions**

------

The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations,

if any, of $70,494,625,000 and $75,237,796,000, respectively, during the year ended July 31, 2025.

---

| | |
|:---|:---|
| **76** | The Income Fund of America |

---

------

Financial highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset** <br>**value,** <br>**beginning** <br>**of year**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| <br>**Net asset** <br>**value,** <br>**end** <br>**of year**<br>| <br>**Total return**<sup>2,3</sup> <br>| <br>**Net assets,** <br>**end of** <br>**year** <br>**(in millions)** <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>4</sup> <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3,4</sup> <br>| <br>**Ratio of** <br>**net income** <br>**(loss) to** <br>**average** <br>**net assets**<sup>3</sup> <br>|
| **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  |
| 7/31/2025 | $25.10 | $.89 | $2.13 | $3.02 | $(1.00)<br>| $(.56)<br>| $(1.56)<br>| $26.56 | 12.47<br> %<br>| $80221 | .56<br> %<br>| .56<br> %<br>| 3.49<br> %<br>|
| 7/31/2024 | 23.25 | .85 | 1.86 | 2.71 | (.86)<br>|  | (.86)<br>| 25.10 | 12.02 | 77534 | .58 | .58 | 3.66 |
| 7/31/2023 | 23.83 | .83 | .19 | 1.02 | (.78)<br>| (.82)<br>| (1.60)<br>| 23.25 | 4.45 | 76009 | .57 | .57 | 3.64 |
| 7/31/2022 | 25.92 | .81 | (1.18)<br>| (.37)<br>| (.74)<br>| (.98)<br>| (1.72)<br>| 23.83 | (1.60)<br>| 78105 | .56 | .56 | 3.23 |
| 7/31/2021 | 21.88 | .75 | 4.04 | 4.79 | (.75)<br>|  | (.75)<br>| 25.92 | 22.23 | 82740 | .56 | .56 | 3.11 |
| **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  |
| 7/31/2025 | 24.68 | .68 | 2.09 | 2.77 | (.81)<br>| (.56)<br>| (1.37)<br>| 26.08 | 11.60 | 1247 | 1.31 | 1.31 | 2.72 |
| 7/31/2024 | 22.87 | .66 | 1.83 | 2.49 | (.68)<br>|  | (.68)<br>| 24.68 | 11.20 | 1448 | 1.32 | 1.32 | 2.91 |
| 7/31/2023 | 23.46 | .65 | .19 | .84 | (.61)<br>| (.82)<br>| (1.43)<br>| 22.87 | 3.70 | 1783 | 1.32 | 1.32 | 2.88 |
| 7/31/2022 | 25.54 | .61 | (1.16)<br>| (.55)<br>| (.55)<br>| (.98)<br>| (1.53)<br>| 23.46 | (2.35)<br>| 2236 | 1.31 | 1.31 | 2.46 |
| 7/31/2021 | 21.57 | .56 | 3.98 | 4.54 | (.57)<br>|  | (.57)<br>| 25.54 | 21.31 | 2803 | 1.31 | 1.31 | 2.37 |
| **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  |
| 7/31/2025 | 25.10 | .96 | 2.12 | 3.08 | (1.06)<br>| (.56)<br>| (1.62)<br>| 26.56 | 12.75 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .31 <br><sup>5</sup><br>| .31 <br><sup>5</sup><br>| 3.74 <br><sup>5</sup><br>|
| 7/31/2024 | 23.25 | .91 | 1.86 | 2.77 | (.92)<br>|  | (.92)<br>| 25.10 | 12.31 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .32 <br><sup>5</sup><br>| .32 <br><sup>5</sup><br>| 3.92 <br><sup>5</sup><br>|
| 7/31/2023 | 23.83 | .90 | .19 | 1.09 | (.85)<br>| (.82)<br>| (1.67)<br>| 23.25 | 4.77 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .27 <br><sup>5</sup><br>| .27 <br><sup>5</sup><br>| 3.94 <br><sup>5</sup><br>|
| 7/31/2022 | 25.92 | .88 | (1.19)<br>| (.31)<br>| (.80)<br>| (.98)<br>| (1.78)<br>| 23.83 | (1.35 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .31 <br><sup>5</sup><br>| .31 <br><sup>5</sup><br>| 3.47 <br><sup>5</sup><br>|
| 7/31/2021 | 21.88 | .81 | 4.04 | 4.85 | (.81)<br>|  | (.81)<br>| 25.92 | 22.52 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .32 <br><sup>5</sup><br>| .32 <br><sup>5</sup><br>| 3.35 <br><sup>5</sup><br>|
| **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  |
| 7/31/2025 | 25.01 | .87 | 2.12 | 2.99 | (.98)<br>| (.56)<br>| (1.54)<br>| 26.46 | 12.39 | 2069 | .63 | .63 | 3.42 |
| 7/31/2024 | 23.17 | .83 | 1.85 | 2.68 | (.84)<br>|  | (.84)<br>| 25.01 | 11.94 | 2075 | .64 | .64 | 3.60 |
| 7/31/2023 | 23.75 | .82 | .18 | 1.00 | (.76)<br>| (.82)<br>| (1.58)<br>| 23.17 | 4.39 | 2176 | .63 | .63 | 3.57 |
| 7/31/2022 | 25.84 | .79 | (1.18)<br>| (.39)<br>| (.72)<br>| (.98)<br>| (1.70)<br>| 23.75 | (1.68)<br>| 2353 | .63 | .63 | 3.15 |
| 7/31/2021 | 21.82 | .73 | 4.03 | 4.76 | (.74)<br>|  | (.74)<br>| 25.84 | 22.12 | 2683 | .63 | .63 | 3.06 |
| **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  |
| 7/31/2025 | 25.07 | .94 | 2.12 | 3.06 | (1.05)<br>| (.56)<br>| (1.61)<br>| 26.52 | 12.66 | 15561 | .37 | .37 | 3.69 |
| 7/31/2024 | 23.22 | .90 | 1.86 | 2.76 | (.91)<br>|  | (.91)<br>| 25.07 | 12.26 | 13600 | .37 | .37 | 3.87 |
| 7/31/2023 | 23.80 | .88 | .18 | 1.06 | (.82)<br>| (.82)<br>| (1.64)<br>| 23.22 | 4.66 | 12954 | .37 | .37 | 3.84 |
| 7/31/2022 | 25.89 | .87 | (1.19)<br>| (.32)<br>| (.79)<br>| (.98)<br>| (1.77)<br>| 23.80 | (1.40)<br>| 12656 | .36 | .36 | 3.44 |
| 7/31/2021 | 21.86 | .80 | 4.03 | 4.83 | (.80)<br>|  | (.80)<br>| 25.89 | 22.46 | 12303 | .36 | .36 | 3.31 |
| **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  |
| 7/31/2025 | 25.08 | .97 | 2.13 | 3.10 | (1.08)<br>| (.56)<br>| (1.64)<br>| 26.54 | 12.82 | 6148 | .26 | .26 | 3.80 |
| 7/31/2024 | 23.23 | .92 | 1.86 | 2.78 | (.93)<br>|  | (.93)<br>| 25.08 | 12.38 | 5475 | .27 | .27 | 3.98 |
| 7/31/2023 | 23.81 | .90 | .19 | 1.09 | (.85)<br>| (.82)<br>| (1.67)<br>| 23.23 | 4.77 | 5179 | .26 | .26 | 3.95 |
| 7/31/2022 | 25.90 | .89 | (1.18)<br>| (.29)<br>| (.82)<br>| (.98)<br>| (1.80)<br>| 23.81 | (1.30)<br>| 4840 | .25 | .25 | 3.54 |
| 7/31/2021 | 21.87 | .82 | 4.04 | 4.86 | (.83)<br>|  | (.83)<br>| 25.90 | 22.57 | 4717 | .26 | .26 | 3.42 |
| **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  |
| 7/31/2025 | 25.03 | .88 | 2.11 | 2.99 | (.99)<br>| (.56)<br>| (1.55)<br>| 26.47 | 12.39 | 1875 | .59 | .59 | 3.46 |
| 7/31/2024 | 23.18 | .84 | 1.86 | 2.70 | (.85)<br>|  | (.85)<br>| 25.03 | 12.01 | 1834 | .61 | .61 | 3.63 |
| 7/31/2023 | 23.76 | .82 | .19 | 1.01 | (.77)<br>| (.82)<br>| (1.59)<br>| 23.18 | 4.42 | 1809 | .61 | .61 | 3.60 |
| 7/31/2022 | 25.85 | .80 | (1.18)<br>| (.38)<br>| (.73)<br>| (.98)<br>| (1.71)<br>| 23.76 | (1.64)<br>| 1868 | .59 | .59 | 3.19 |
| 7/31/2021 | 21.83 | .74 | 4.02 | 4.76 | (.74)<br>|  | (.74)<br>| 25.85 | 22.14 | 1987 | .60 | .60 | 3.07 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| The Income Fund of America | **77** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  |
| 7/31/2025 | $24.96 | $.68 | $2.13 | $2.81 | $(.80)<br>| $(.56)<br>| $(1.36)<br>| $26.41 | 11.57<br> %<br>| $40 | 1.35<br> %<br>| 1.35<br> %<br>| 2.68<br> %<br>|
| 7/31/2024 | 23.12 | .66 | 1.85 | 2.51 | (.67)<br>|  | (.67)<br>| 24.96 | 11.19 | 48 | 1.36 | 1.36 | 2.88 |
| 7/31/2023 | 23.70 | .64 | .19 | .83 | (.59)<br>| (.82)<br>| (1.41)<br>| 23.12 | 3.62 | 58 | 1.38 | 1.38 | 2.82 |
| 7/31/2022 | 25.78 | .61 | (1.18)<br>| (.57)<br>| (.53)<br>| (.98)<br>| (1.51)<br>| 23.70 | (2.40)<br>| 71 | 1.35 | 1.35 | 2.41 |
| 7/31/2021 | 21.76 | .56 | 4.02 | 4.58 | (.56)<br>|  | (.56)<br>| 25.78 | 21.26 | 94 | 1.33 | 1.33 | 2.34 |
| **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  |
| 7/31/2025 | 24.92 | .82 | 2.11 | 2.93 | (.93)<br>| (.56)<br>| (1.49)<br>| 26.36 | 12.18 | 53 | .83 | .83 | 3.22 |
| 7/31/2024 | 23.09 | .79 | 1.84 | 2.63 | (.80)<br>|  | (.80)<br>| 24.92 | 11.71 | 54 | .84 | .84 | 3.40 |
| 7/31/2023 | 23.67 | .76 | .19 | .95 | (.71)<br>| (.82)<br>| (1.53)<br>| 23.09 | 4.19 | 54 | .85 | .85 | 3.36 |
| 7/31/2022 | 25.76 | .74 | (1.18)<br>| (.44)<br>| (.67)<br>| (.98)<br>| (1.65)<br>| 23.67 | (1.89)<br>| 58 | .83 | .83 | 2.95 |
| 7/31/2021 | 21.75 | .68 | 4.02 | 4.70 | (.69)<br>|  | (.69)<br>| 25.76 | 21.90 | 64 | .83 | .83 | 2.84 |
| **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  |
| 7/31/2025 | 25.10 | .94 | 2.13 | 3.07 | (1.05)<br>| (.56)<br>| (1.61)<br>| 26.56 | 12.69 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .37 <br><sup>5</sup><br>| .37 <br><sup>5</sup><br>| 3.69 <br><sup>5</sup><br>|
| 7/31/2024 | 23.25 | .90 | 1.86 | 2.76 | (.91)<br>|  | (.91)<br>| 25.10 | 12.25 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .37 <br><sup>5</sup><br>| .37 <br><sup>5</sup><br>| 3.88 <br><sup>5</sup><br>|
| 7/31/2023 | 23.83 | .89 | .18 | 1.07 | (.83)<br>| (.82)<br>| (1.65)<br>| 23.25 | 4.71 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .33 <br><sup>5</sup><br>| .33 <br><sup>5</sup><br>| 3.88 <br><sup>5</sup><br>|
| 7/31/2022 | 25.92 | .87 | (1.19)<br>| (.32)<br>| (.79)<br>| (.98)<br>| (1.77)<br>| 23.83 | (1.39 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .35 <br><sup>5</sup><br>| .35 <br><sup>5</sup><br>| 3.44 <br><sup>5</sup><br>|
| 7/31/2021 | 21.88 | .80 | 4.04 | 4.84 | (.80)<br>|  | (.80)<br>| 25.92 | 22.47 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .36 <br><sup>5</sup><br>| .36 <br><sup>5</sup><br>| 3.31 <br><sup>5</sup><br>|
| **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  |
| 7/31/2025 | 25.02 | .92 | 2.11 | 3.03 | (1.03)<br>| (.56)<br>| (1.59)<br>| 26.46 | 12.57 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .43 <br><sup>5</sup><br>| .43 <br><sup>5</sup><br>| 3.62 <br><sup>5</sup><br>|
| 7/31/2024 | 23.17 | .88 | 1.86 | 2.74 | (.89)<br>|  | (.89)<br>| 25.02 | 12.20 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .45 <br><sup>5</sup><br>| .45 <br><sup>5</sup><br>| 3.80 <br><sup>5</sup><br>|
| 7/31/2023 | 23.75 | .86 | .19 | 1.05 | (.81)<br>| (.82)<br>| (1.63)<br>| 23.17 | 4.60 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .44 <br><sup>5</sup><br>| .44 <br><sup>5</sup><br>| 3.77 <br><sup>5</sup><br>|
| 7/31/2022 | 25.84 | .84 | (1.18)<br>| (.34)<br>| (.77)<br>| (.98)<br>| (1.75)<br>| 23.75 | (1.49 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .43 <br><sup>5</sup><br>| .43 <br><sup>5</sup><br>| 3.36 <br><sup>5</sup><br>|
| 7/31/2021 | 21.82 | .78 | 4.03 | 4.81 | (.79)<br>|  | (.79)<br>| 25.84 | 22.40 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .37 <br><sup>5</sup><br>| .37 <br><sup>5</sup><br>| 3.55 <br><sup>5</sup><br>|
| **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  |
| 7/31/2025 | 25.10 | .95 | 2.13 | 3.08 | (1.06)<br>| (.56)<br>| (1.62)<br>| 26.56 | 12.67 | 187 | .35 | .35 | 3.72 |
| 7/31/2024 | 23.25 | .90 | 1.86 | 2.76 | (.91)<br>|  | (.91)<br>| 25.10 | 12.30 | 159 | .36 | .36 | 3.88 |
| 7/31/2023 | 23.83 | .89 | .18 | 1.07 | (.83)<br>| (.82)<br>| (1.65)<br>| 23.25 | 4.68 | 145 | .35 | .35 | 3.87 |
| 7/31/2022 | 25.92 | .87 | (1.19)<br>| (.32)<br>| (.79)<br>| (.98)<br>| (1.77)<br>| 23.83 | (1.39)<br>| 131 | .35 | .35 | 3.45 |
| 7/31/2021<sup>7,8</sup> <br>| 21.40 | .60 | 4.54 | 5.14 | (.62)<br>|  | (.62)<br>| 25.92 | 24.24 <br><sup>9</sup><br>| 125 | .36 <br><sup>10</sup><br>| .36 <br><sup>10</sup><br>| 3.24 <br><sup>10</sup><br>|
| **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  |
| 7/31/2025 | 25.10 | .97 | 2.12 | 3.09 | (1.07)<br>| (.56)<br>| (1.63)<br>| 26.56 | 12.76 | — <br><sup>6</sup><br>| .31 | .31 | 3.77 |
| 7/31/2024 | 23.25 | .91 | 1.86 | 2.77 | (.92)<br>|  | (.92)<br>| 25.10 | 12.31 | — <br><sup>6</sup><br>| .32 | .32 | 3.92 |
| 7/31/2023 | 23.83 | .89 | .18 | 1.07 | (.83)<br>| (.82)<br>| (1.65)<br>| 23.25 | 4.70 | — <br><sup>6</sup><br>| .32 | .32 | 3.88 |
| 7/31/2022 | 25.92 | .88 | (1.19)<br>| (.31)<br>| (.80)<br>| (.98)<br>| (1.78)<br>| 23.83 | (1.35)<br>| — <br><sup>6</sup><br>| .31 | .31 | 3.48 |
| 7/31/2021<sup>7,8</sup> <br>| 21.40 | .60 | 4.55 | 5.15 | (.63)<br>|  | (.63)<br>| 25.92 | 24.28 <br><sup>9</sup><br>| — <br><sup>6</sup><br>| .38 <br><sup>10</sup><br>| .32 <br><sup>10</sup><br>| 3.28 <br><sup>10</sup><br>|
| **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  |
| 7/31/2025 | 24.90 | .69 | 2.10 | 2.79 | (.80)<br>| (.56)<br>| (1.36)<br>| 26.33 | 11.57 | 60 | 1.34 | 1.34 | 2.71 |
| 7/31/2024 | 23.07 | .67 | 1.84 | 2.51 | (.68)<br>|  | (.68)<br>| 24.90 | 11.15 | 63 | 1.35 | 1.35 | 2.88 |
| 7/31/2023 | 23.66 | .65 | .18 | .83 | (.60)<br>| (.82)<br>| (1.42)<br>| 23.07 | 3.63 | 64 | 1.35 | 1.35 | 2.86 |
| 7/31/2022 | 25.73 | .61 | (1.16)<br>| (.55)<br>| (.54)<br>| (.98)<br>| (1.52)<br>| 23.66 | (2.33)<br>| 68 | 1.34 | 1.34 | 2.44 |
| 7/31/2021 | 21.73 | .56 | 4.01 | 4.57 | (.57)<br>|  | (.57)<br>| 25.73 | 21.26 | 76 | 1.34 | 1.34 | 2.34 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **78** | The Income Fund of America |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  |
| 7/31/2025 | $24.70 | $.68 | $2.09 | $2.77 | $(.80)<br>| $(.56)<br>| $(1.36)<br>| $26.11 | 11.60<br> %<br>| $338 | 1.35<br> %<br>| 1.35<br> %<br>| 2.70<br> %<br>|
| 7/31/2024 | 22.89 | .66 | 1.83 | 2.49 | (.68)<br>|  | (.68)<br>| 24.70 | 11.16 | 345 | 1.35 | 1.35 | 2.89 |
| 7/31/2023 | 23.49 | .64 | .18 | .82 | (.60)<br>| (.82)<br>| (1.42)<br>| 22.89 | 3.61 | 353 | 1.36 | 1.36 | 2.85 |
| 7/31/2022 | 25.57 | .61 | (1.17)<br>| (.56)<br>| (.54)<br>| (.98)<br>| (1.52)<br>| 23.49 | (2.38)<br>| 369 | 1.34 | 1.34 | 2.44 |
| 7/31/2021 | 21.60 | .55 | 3.99 | 4.54 | (.57)<br>|  | (.57)<br>| 25.57 | 21.26 | 409 | 1.35 | 1.35 | 2.33 |
| **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  |
| 7/31/2025 | 25.01 | .76 | 2.11 | 2.87 | (.87)<br>| (.56)<br>| (1.43)<br>| 26.45 | 11.88 | 41 | 1.06 | 1.06 | 2.99 |
| 7/31/2024 | 23.17 | .74 | 1.84 | 2.58 | (.74)<br>|  | (.74)<br>| 25.01 | 11.47 | 40 | 1.07 | 1.07 | 3.17 |
| 7/31/2023 | 23.75 | .72 | .18 | .90 | (.66)<br>| (.82)<br>| (1.48)<br>| 23.17 | 3.95 | 36 | 1.07 | 1.07 | 3.14 |
| 7/31/2022 | 25.83 | .69 | (1.18)<br>| (.49)<br>| (.61)<br>| (.98)<br>| (1.59)<br>| 23.75 | (2.08)<br>| 37 | 1.05 | 1.05 | 2.73 |
| 7/31/2021 | 21.81 | .63 | 4.02 | 4.65 | (.63)<br>|  | (.63)<br>| 25.83 | 21.62 | 39 | 1.06 | 1.06 | 2.62 |
| **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  |
| 7/31/2025 | 24.97 | .80 | 2.11 | 2.91 | (.91)<br>| (.56)<br>| (1.47)<br>| 26.41 | 12.08 | 647 | .90 | .90 | 3.15 |
| 7/31/2024 | 23.13 | .77 | 1.85 | 2.62 | (.78)<br>|  | (.78)<br>| 24.97 | 11.66 | 645 | .91 | .91 | 3.33 |
| 7/31/2023 | 23.72 | .75 | .18 | .93 | (.70)<br>| (.82)<br>| (1.52)<br>| 23.13 | 4.07 | 672 | .91 | .91 | 3.30 |
| 7/31/2022 | 25.80 | .72 | (1.17)<br>| (.45)<br>| (.65)<br>| (.98)<br>| (1.63)<br>| 23.72 | (1.92)<br>| 729 | .90 | .90 | 2.88 |
| 7/31/2021 | 21.79 | .66 | 4.02 | 4.68 | (.67)<br>|  | (.67)<br>| 25.80 | 21.78 | 824 | .90 | .90 | 2.78 |
| **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  |
| 7/31/2025 | 25.04 | .88 | 2.12 | 3.00 | (.99)<br>| (.56)<br>| (1.55)<br>| 26.49 | 12.41 | 725 | .61 | .61 | 3.44 |
| 7/31/2024 | 23.19 | .84 | 1.86 | 2.70 | (.85)<br>|  | (.85)<br>| 25.04 | 12.01 | 756 | .61 | .61 | 3.63 |
| 7/31/2023 | 23.78 | .82 | .18 | 1.00 | (.77)<br>| (.82)<br>| (1.59)<br>| 23.19 | 4.37 | 772 | .61 | .61 | 3.60 |
| 7/31/2022 | 25.86 | .80 | (1.17)<br>| (.37)<br>| (.73)<br>| (.98)<br>| (1.71)<br>| 23.78 | (1.61)<br>| 815 | .60 | .60 | 3.18 |
| 7/31/2021 | 21.84 | .74 | 4.02 | 4.76 | (.74)<br>|  | (.74)<br>| 25.86 | 22.13 | 940 | .60 | .60 | 3.07 |
| **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  |
| 7/31/2025 | 25.05 | .93 | 2.12 | 3.05 | (1.04)<br>| (.56)<br>| (1.60)<br>| 26.50 | 12.63 | 216 | .41 | .41 | 3.65 |
| 7/31/2024 | 23.20 | .89 | 1.86 | 2.75 | (.90)<br>|  | (.90)<br>| 25.05 | 12.22 | 196 | .41 | .41 | 3.83 |
| 7/31/2023 | 23.79 | .87 | .17 | 1.04 | (.81)<br>| (.82)<br>| (1.63)<br>| 23.20 | 4.58 | 176 | .42 | .42 | 3.80 |
| 7/31/2022 | 25.87 | .85 | (1.17)<br>| (.32)<br>| (.78)<br>| (.98)<br>| (1.76)<br>| 23.79 | (1.45)<br>| 159 | .40 | .40 | 3.39 |
| 7/31/2021 | 21.85 | .80 | 4.02 | 4.82 | (.80)<br>|  | (.80)<br>| 25.87 | 22.45 | 162 | .39 | .39 | 3.25 |
| **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  |
| 7/31/2025 | 25.10 | .96 | 2.13 | 3.09 | (1.07)<br>| (.56)<br>| (1.63)<br>| 26.56 | 12.77 | 211 | .30 | .30 | 3.76 |
| 7/31/2024 | 23.25 | .92 | 1.85 | 2.77 | (.92)<br>|  | (.92)<br>| 25.10 | 12.32 | 199 | .31 | .31 | 3.93 |
| 7/31/2023 | 23.83 | .89 | .18 | 1.07 | (.83)<br>| (.82)<br>| (1.65)<br>| 23.25 | 4.72 | 198 | .31 | .31 | 3.89 |
| 7/31/2022 | 25.92 | .88 | (1.18)<br>| (.30)<br>| (.81)<br>| (.98)<br>| (1.79)<br>| 23.83 | (1.34)<br>| 317 | .30 | .30 | 3.48 |
| 7/31/2021 | 21.88 | .81 | 4.04 | 4.85 | (.81)<br>|  | (.81)<br>| 25.92 | 22.55 | 406 | .30 | .30 | 3.38 |
| **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  |
| 7/31/2025 | 25.11 | .97 | 2.13 | 3.10 | (1.08)<br>| (.56)<br>| (1.64)<br>| 26.57 | 12.81 | 24155 | .26 | .26 | 3.80 |
| 7/31/2024 | 23.26 | .93 | 1.85 | 2.78 | (.93)<br>|  | (.93)<br>| 25.11 | 12.36 | 20949 | .27 | .27 | 3.98 |
| 7/31/2023 | 23.84 | .90 | .19 | 1.09 | (.85)<br>| (.82)<br>| (1.67)<br>| 23.26 | 4.77 | 17862 | .26 | .26 | 3.95 |
| 7/31/2022 | 25.93 | .89 | (1.18)<br>| (.29)<br>| (.82)<br>| (.98)<br>| (1.80)<br>| 23.84 | (1.29)<br>| 16215 | .25 | .25 | 3.54 |
| 7/31/2021 | 21.89 | .82 | 4.05 | 4.87 | (.83)<br>|  | (.83)<br>| 25.93 | 22.59 | 16144 | .25 | .25 | 3.42 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| The Income Fund of America | **79** |

---

------

Financial highlights (continued)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes**<sup>11,12</sup> | **Year ended July 31,** | **Year ended July 31,** | **Year ended July 31,** | **Year ended July 31,** | **Year ended July 31,** |
| **Portfolio turnover rate for all share classes**<sup>11,12</sup> | **2025** | **2024** | **2023** | **2022** | **2021** |
| Excluding mortgage dollar roll transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>|
| Including mortgage dollar roll transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133<br> %<br>|

---

<sup>1</sup> Based on average shares outstanding.

<sup>2</sup> Total returns exclude any applicable sales charges, including contingent deferred sales charges.

<sup>3</sup> This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any.

<sup>4</sup> Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.

<sup>5</sup> All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. 

<sup>6</sup> Amount less than $1 million.

<sup>7</sup> Based on operations for a period that is less than a full year.

<sup>8</sup> Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

<sup>9</sup> Not annualized.

<sup>10</sup> Annualized.

<sup>11</sup> Refer to Note 5 for more information on mortgage dollar rolls.

<sup>12</sup> Rates do not include the portfolio activity of Capital Group Central Cash Fund.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **80** | The Income Fund of America |

---

------

Report of Independent Registered Public Accounting Firm

------

To the shareholders and the Board of Trustees of The Income Fund of America:

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statement of assets and liabilities of The Income Fund of America (the "Fund"), including the investment portfolio, as of July 31, 2025, the related statement of operations for the year then ended, statements of changes in net assets for each of the two years in the period then ended, financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of July 31, 2025, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of July 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Costa Mesa, California

September 11, 2025

We have served as the auditor of one or more American Funds investment companies since 1956.

---

| | |
|:---|:---|
| The Income Fund of America | **81** |

---

------

Tax informationunaudited

------

We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund's fiscal year ended July 31, 2025:

---

| | |
|:---|:---|
| Long-term capital gains | $3103426000 |
| Qualified dividend income | $3028662000 |
| Section 199A dividends | $127404000 |
| Section 163(j) interest dividends | $2141203000 |
| Corporate dividends received deduction | $1822118000 |
| U.S. government income that may be exempt from state taxation | $344412000 |

---

**Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2026, to determine the *calendar year* amounts to be included on their 2025 tax returns. Shareholders should consult their tax advisors.**

---

| | |
|:---|:---|
| **82** | The Income Fund of America |

---

------

Changes in and disagreements with accountants

------

None

Matters submitted for shareholder vote

------

None

Remuneration paid to directors, officers and others

------

Refer to the trustees' deferred compensation disclosure in the notes to financial statements.

Approval of Investment Advisory and Service Agreement

------

Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

---

| | |
|:---|:---|
| The Income Fund of America | **83** |

---

------

#### ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None

------

#### ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
None

------

#### ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form within the trustees' deferred compensation disclosure in the notes to financial statements.

------

#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

------

#### ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

------

#### ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

------

#### ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

------

#### ITEM 15 - Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ''interested persons'' of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board's composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent trustee candidates to the full board of trustees. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant's Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

------

#### ITEM 16 - Controls and Procedures
(a) The Registrant's Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b) There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

------

#### ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

------

#### ITEM 18 - Recovery of Erroneously Awarded Compensation
None

------

#### ITEM 19 - Exhibits
(a)(1) Code of Ethics - See Item 2

(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections [302](cert302.htm) and [906](cert906.htm) of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**The Income Fund of America**

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: September 30, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: September 30, 2025

By /s/ Hong T. Le

Hong T. Le, Treasurer and

Principal Financial Officer

Date: September 30, 2025

------

## Ex-99.Cert

**CERTIFICATION**

I, **Donald H. Rolfe**, certify that:

1. I have reviewed this report on Form N-CSR of **The Income Fund of America**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: September 30, 2025

<u>/s/ Donald H. Rolfe</u> Donald H. Rolfe, Principal Executive Officer The Income Fund of America

**CERTIFICATION**

I, **Hong T. Le**, certify that:

1. I have reviewed this report on Form N-CSR of **The Income Fund of America**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: September 30, 2025

<u>/s/ Hong T. Le</u> Hong T. Le,

Treasurer and Principal Financial Officer

The Income Fund of America

------

## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

DONALD H. ROLFE, Principal Executive Officer, and HONG T. LE, Treasurer and Principal Financial Officer of The Income Fund of America (the "Registrant"), each certify to the best of her or his knowledge that:

1. The Registrant's periodic report on Form N-CSR for the period ended July 31, 2025 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer

**The Income Fund of America**

<u>/s/ Donald H. Rolfe</u>

Donald H. Rolfe, Principal Executive Officer

Date: September 30, 2025

Principal Financial Officer

**The Income Fund of America**

<u>/s/ Hong T. Le</u>

Hong T. Le, Treasurer and Principal Financial Officer

Date: September 30, 2025

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to **The Income Fund of America** and will be retained by **The Income Fund of America** and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

------