# EDGAR Filing Document

**Accession Number:** 0000050013
**File Stem:** 0001193125-26-133716
**Filing Date:** 2026-3
**Character Count:** 492686
**Document Hash:** 1d3f5b3c98a889d294d7fedc54992fa1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-133716.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001193125-26-133716

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**EFFECTIVENESS DATE**: 20260331

**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-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01880
- **FILM NUMBER:** 26818918

**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'? ec4e1051-b37b-4476-94b1-cf5663241838

#### 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:

#### January 31, 2026
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class A \| AMECX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$29 0.55%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFAASRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class C \| IFACX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$69 1.30%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFCCSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class T \| TIAFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$16 0.30%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### 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. MFTTSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-1 \| IFAFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$33 0.63%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFF1SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-2 \| AMEFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$19 0.36%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFF2SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class F-3 \| FIFAX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$13 0.25%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFF3SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-A \| CIMAX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$31 0.59%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5ASRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-C \| CIMCX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$72 1.35%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5CSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-E \| CIMEX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$44 0.83%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5ESRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-T \| TFAAX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$19 0.35%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### 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. MF5TSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-1 \| CIMFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$22 0.42%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5FSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-2 \| FAIFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$18 0.34%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

**Portfolio holdings by assettype** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5XSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class 529-F-3 \| FFIFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$16 0.30%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF5YSRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-1 \| RIDAX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$71 1.34%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR1SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-2 \| RIDBX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$71 1.34%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR2SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-2E \| RIEBX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$56 1.06%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MF2ESRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-3 \| RIDCX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$48 0.90%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR3SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-4 \| RIDEX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$32 0.61%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR4SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-5E \| RIDHX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$21 0.40%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFE5SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-5 \| RIDFX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$15 0.29%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR5SRX-006-0326© 2026 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2422.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## The Income Fund of America <sup>®</sup>
**Class R-6 \| RIDGX** for the six months ended January 31, 2026

This semi-annual shareholder report contains important information about The Income Fund of America (the "fund") for the period from August 1, 2025 to January 31, 2026. 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$13 0.25%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $144376 |
| Total number of portfolio holdings | 3184 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 39% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 27% |

---

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

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

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

#### 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. MFR6SRX-006-0326© 2026 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 3 - Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 4 - Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.

------

#### 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

------

![](img0ec6f7881.jpg)

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

Financial Statements and Other Information

N-CSR Items 7-11

for the six months ended January 31, 2026

Lit. No. MFGEFP2-006-0326© 2026 Capital Group. All rights reserved.

------

Investment portfolio January 31, 2026unaudited

------

---

| | | |
|:---|:---|:---|
| Common stocks 67.94% | Shares | Value<br> (000)<br>|
| **Financials 13.42%** | **Financials 13.42%** | **Financials 13.42%** |
| Citigroup, Inc.  | 14406464 | $1666972 |
| JPMorgan Chase & Co.  | 4758179 | 1455479 |
| Fifth Third Bancorp  | 25484756 | 1279844 |
| NatWest Group PLC  | 137171149 | 1248568 |
| CME Group, Inc., Class A  | 4138465 | 1196265 |
| CaixaBank SA, non-registered shares  | 85656777 | 1132604 |
| UniCredit SpA  | 9457391 | 823398 |
| Carlyle Group, Inc. (The)  | 13084097 | 769083 |
| Citizens Financial Group, Inc.  | 11437584 | 720339 |
| Synchrony Financial  | 9656720 | 701368 |
| Progressive Corp.  | 3049136 | 634220 |
| American International Group, Inc.  | 8000000 | 599040 |
| MS&AD Insurance Group Holdings, Inc.  | 23050900 | 585656 |
| Ares Management Corp., Class A  | 3666921 | 548828 |
| Power Corp. of Canada, subordinate voting shares <sup>(a)</sup>  | 9644797 | 486401 |
| Goldman Sachs Group, Inc.  | 464335 | 434344 |
| Bank of America Corp.  | 7328965 | 389901 |
| AXA SA  | 7381189 | 336235 |
| B3 SA - Brasil, Bolsa, Balcao  | 104916230 | 321960 |
| Partners Group Holding AG <sup>(a)</sup>  | 220531 | 299538 |
| Banco Bilbao Vizcaya Argentaria SA  | 11703946 | 297582 |
| DBS Group Holdings, Ltd.  | 6105477 | 284132 |
| 3i Group PLC  | 6061279 | 277930 |
| Principal Financial Group, Inc.  | 2931097 | 277634 |
| Allianz SE  | 619243 | 272909 |
| Mizuho Financial Group, Inc.  | 4631100 | 202977 |
| Nordnet AB  | 6000000 | 194263 |
| KB Financial Group, Inc.  | 1721838 | 161729 |
| Apollo Asset Management, Inc.  | 1182784 | 159132 |
| Aviva PLC  | 18123287 | 157672 |
| ICICI Bank, Ltd.  | 8343795 | 122906 |
| Bank Leumi le-Israel BM  | 4727319 | 113972 |
| Morgan Stanley  | 608950 | 111316 |
| Islandsbanki hf.  | 90724484 | 107533 |
| Credicorp, Ltd.  | 300095 | 107083 |
| Skandinaviska Enskilda Banken AB, Class A  | 4671341 | 100349 |
| Bank Hapoalim BM  | 4024613 | 99809 |
| AIA Group, Ltd.  | 8619200 | 99684 |
| Royal Bank of Canada  | 547058 | 91087 |
| Qualitas Controladora, SAB de CV <sup>(a)</sup>  | 8439995 | 78720 |
| Brookfield Asset Management, Ltd., Class A  | 1461989 | 72675 |
| Deutsche Bank AG  | 1805561 | 71269 |
| Macquarie Group, Ltd.  | 457380 | 67579 |
| Blackstone, Inc.  | 449261 | 63984 |
| National Bank of Canada  | 505778 | 60267 |
| Erste Group Bank AG  | 387799 | 50335 |
| Ally Financial, Inc.  | 767081 | 32432 |
| Brookfield Corp., Class A  | 311295 | 14180 |
| Sberbank of Russia PJSC <sup>(b)</sup>  | 25683200 | — <br><sup>(c)</sup><br>|
|  |  | 19381183 |
| **Health care 9.89%** | **Health care 9.89%** | **Health care 9.89%** |
| Amgen, Inc.  | 7447060 | 2546001 |
| Gilead Sciences, Inc.  | 15698550 | 2228409 |
| CVS Health Corp.  | 23692996 | 1765602 |
| UnitedHealth Group, Inc.  | 5188639 | 1488776 |
| AbbVie, Inc.  | 5407062 | 1205829 |
| Medtronic PLC  | 10625394 | 1093991 |
| Johnson & Johnson  | 3877813 | 881233 |
| Sanofi <sup>(a)</sup>  | 9135286 | 857618 |
| AstraZeneca PLC  | 4541614 | 845174 |
| Novo Nordisk AS, Class B  | 13923393 | 816683 |
| Roche Holding AG, nonvoting non-registered shares  | 1030148 | 467334 |

---

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

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| Rotech Healthcare, Inc. <sup>(b)(d)(e)(f)</sup>  | 543172 | $38093 |
| Mallinckrodt PLC <sup>(e)</sup>  | 297305 | 28630 |
| Sandoz Group AG  | 105300 | 8334 |
| Par Health, Inc. <sup>(e)(g)</sup>  | 297305 | 2639 |
|  |  | 14274346 |
| **Consumer staples 6.91%** | **Consumer staples 6.91%** | **Consumer staples 6.91%** |
| Philip Morris International, Inc.  | 20021862 | 3592723 |
| Nestle SA  | 12056422 | 1145208 |
| Coca-Cola Co.  | 11825082 | 884634 |
| Bunge Global SA  | 6014540 | 684936 |
| Sysco Corp.  | 7000000 | 586950 |
| Unilever PLC  | 8000000 | 540827 |
| Hershey Co.  | 2750000 | 535563 |
| Keurig Dr Pepper, Inc.  | 19321543 | 530183 |
| Procter & Gamble Co.  | 2987423 | 453401 |
| Altria Group, Inc.  | 5273988 | 326935 |
| Target Corp.  | 1983000 | 209147 |
| General Mills, Inc.  | 4093134 | 189348 |
| PepsiCo, Inc.  | 753838 | 115812 |
| Pernod Ricard SA <sup>(a)</sup>  | 1000000 | 88996 |
| British American Tobacco PLC  | 1228306 | 73550 |
| Viva Wine Group AB  | 4322763 | 16500 |
|  |  | 9974713 |
| **Energy 6.31%** | **Energy 6.31%** | **Energy 6.31%** |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 39270006 | 1460170 |
| EOG Resources, Inc.  | 10296040 | 1154495 |
| SLB, Ltd.  | 22740312 | 1100176 |
| Exxon Mobil Corp.  | 6338623 | 896281 |
| Baker Hughes Co., Class A  | 13079995 | 733003 |
| TotalEnergies SE (EUR denominated)  | 9422053 | 682950 |
| TotalEnergies SE  | 409951 | 29680 |
| Chevron Corp.  | 3919325 | 693329 |
| Expand Energy Corp.  | 5000000 | 562050 |
| Tourmaline Oil Corp. <sup>(a)</sup>  | 9727484 | 460352 |
| Shell PLC (GBP denominated)  | 9000000 | 344085 |
| Shell PLC (EUR denominated)  | 458998 | 17587 |
| Enbridge, Inc.  | 5000000 | 244200 |
| Diamondback Energy, Inc.  | 1217911 | 199676 |
| ConocoPhillips  | 1898845 | 197917 |
| TC Energy Corp. (CAD denominated)  | 2668721 | 156480 |
| Viper Energy, Inc., Class A  | 2765533 | 117093 |
| Ascent CNR Corp., Class A <sup>(b)(f)</sup>  | 1102146 | 54501 |
| Mesquite Energy, Inc. <sup>(b)(e)</sup>  | 25913 | 8179 |
| Altera Infrastructure, LP <sup>(b)</sup>  | 80900 | 3284 |
|  |  | 9115488 |
| **Industrials 5.33%** | **Industrials 5.33%** | **Industrials 5.33%** |
| BAE Systems PLC  | 67013192 | 1810109 |
| Union Pacific Corp.  | 4679923 | 1100250 |
| RTX Corp.  | 3297652 | 662597 |
| Lockheed Martin Corp.  | 847439 | 537463 |
| L3Harris Technologies, Inc.  | 1393700 | 477830 |
| PACCAR, Inc.  | 3500000 | 430185 |
| ITOCHU Corp.  | 30000000 | 382076 |
| 3M Co.  | 2181535 | 334124 |
| Siemens AG  | 1014513 | 308214 |
| Caterpillar, Inc.  | 415639 | 273225 |
| Deutsche Post AG  | 4302663 | 241340 |
| Norfolk Southern Corp.  | 818000 | 238234 |
| Watsco, Inc.  | 434018 | 167726 |
| United Parcel Service, Inc., Class B  | 1500000 | 159330 |
| Ventia Services Group Pty, Ltd.  | 33763282 | 135894 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Bureau Veritas SA  | 3913539 | $125715 |
| Techtronic Industries Co., Ltd.  | 6380500 | 86983 |
| Johnson Controls International PLC  | 700000 | 83482 |
| Paychex, Inc.  | 440000 | 45377 |
| Inwido AB  | 2079304 | 35902 |
| Valmet OYJ  | 487112 | 16704 |
| Rexel SA  | 336180 | 14162 |
| Volvo AB, Class B  | 316339 | 11506 |
| Volvo AB, Class A  | 1207 | 44 |
| General Dynamics Corp.  | 29422 | 10330 |
|  |  | 7688802 |
| **Utilities 5.27%** | **Utilities 5.27%** | **Utilities 5.27%** |
| Southern Co. (The)  | 18821519 | 1680950 |
| FirstEnergy Corp.  | 24393426 | 1154785 |
| National Grid PLC  | 68246825 | 1152844 |
| Exelon Corp.  | 22259121 | 996763 |
| Engie SA  | 23878465 | 710439 |
| Brookfield Infrastructure Partners, LP (CAD denominated)  | 18529681 | 670751 |
| DTE Energy Co.  | 2899859 | 389683 |
| NextEra Energy, Inc.  | 2460803 | 216305 |
| Snam SpA  | 26006808 | 178736 |
| SSE PLC  | 4467997 | 148076 |
| Public Service Enterprise Group, Inc.  | 1750000 | 144130 |
| CPFL Energia SA  | 10301000 | 100725 |
| Talen Energy Corp. <sup>(e)</sup>  | 175287 | 61063 |
|  |  | 7605250 |
| **Information technology 5.21%** | **Information technology 5.21%** | **Information technology 5.21%** |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 36292170 | 2046984 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 601499 | 198832 |
| Broadcom, Inc.  | 5486281 | 1817605 |
| International Business Machines Corp.  | 4869407 | 1493447 |
| Microsoft Corp.  | 1888770 | 812719 |
| MediaTek, Inc.  | 11911000 | 666138 |
| Diebold Nixdorf, Inc. <sup>(d)(e)</sup>  | 4521627 | 312037 |
| Tokyo Electron, Ltd.  | 658350 | 175733 |
|  |  | 7523495 |
| **Consumer discretionary 5.11%** | **Consumer discretionary 5.11%** | **Consumer discretionary 5.11%** |
| Starbucks Corp.  | 17282066 | 1589086 |
| Industria de Diseno Textil SA  | 18553640 | 1209591 |
| Darden Restaurants, Inc. <sup>(d)</sup>  | 6024507 | 1200985 |
| Home Depot, Inc.  | 2797859 | 1048050 |
| Restaurant Brands International, Inc.  | 8563405 | 573662 |
| Compagnie Generale des Etablissements Michelin  | 13862162 | 515128 |
| Vail Resorts, Inc. <sup>(a)(d)</sup>  | 2185425 | 290815 |
| NIKE, Inc., Class B  | 4126970 | 255088 |
| Hyundai Motor Co.  | 592041 | 205655 |
| Compagnie Financiere Richemont SA, Class A  | 888595 | 171903 |
| Evolution AB  | 2000543 | 129948 |
| Accor SA  | 1294017 | 70343 |
| Puuilo OYJ  | 3582486 | 52274 |
| Aimbridge Topco, LLC <sup>(b)(e)</sup>  | 297303 | 21932 |
| Barratt Redrow PLC  | 2668615 | 14176 |
| Midea Group Co., Ltd., Class H  | 1231200 | 13499 |
| Mercedes-Benz Group AG <sup>(a)</sup>  | 155864 | 10677 |
| NMG Parent, LLC <sup>(b)(e)</sup>  | 61091 | — <br><sup>(c)</sup><br>|
|  |  | 7372812 |

---

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

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Materials 5.04%** | **Materials 5.04%** | **Materials 5.04%** |
| Agnico Eagle Mines, Ltd. (CAD denominated)  | 9830897 | $1868784 |
| Vale SA, ordinary nominative shares  | 41783616 | 669459 |
| Vale SA (ADR), ordinary nominative shares  | 21864276 | 351359 |
| Barrick Mining Corp.  | 16415500 | 751666 |
| Southern Copper Corp.  | 3846405 | 732048 |
| Lundin Mining Corp.  | 24403237 | 615614 |
| Smurfit Westrock PLC  | 10472417 | 435967 |
| Newmont Corp.  | 3195827 | 359051 |
| Packaging Corp. of America  | 1229648 | 273658 |
| Rio Tinto PLC  | 2830600 | 260980 |
| Westlake Corp. <sup>(a)</sup>  | 2453386 | 194602 |
| Glencore PLC  | 25624217 | 175051 |
| Endeavour Mining PLC  | 2595110 | 141681 |
| Aura Minerals, Inc.  | 1620102 | 103184 |
| LyondellBasell Industries NV  | 1750000 | 85750 |
| Holcim, Ltd.  | 825824 | 84970 |
| Northern Star Resources, Ltd.  | 4207456 | 78733 |
| Solidcore Resources PLC <sup>(e)</sup>  | 6162000 | 45599 |
| Anglo American PLC  | 856931 | 39962 |
| International Paper Co.  | 271435 | 10944 |
| Venator Materials PLC <sup>(b)(d)(e)</sup>  | 53540 | — <br><sup>(c)</sup><br>|
|  |  | 7279062 |
| **Communication services 3.91%** | **Communication services 3.91%** | **Communication services 3.91%** |
| Comcast Corp., Class A  | 55423073 | 1648837 |
| Publicis Groupe SA  | 10497034 | 1047672 |
| Koninklijke KPN NV  | 146935786 | 715492 |
| AT&T, Inc.  | 26897255 | 704977 |
| Singapore Telecommunications, Ltd.  | 175434500 | 633004 |
| NetEase, Inc.  | 8012100 | 210248 |
| NetEase, Inc. (ADR)  | 1198161 | 154359 |
| Verizon Communications, Inc.  | 4250000 | 189210 |
| Bezeq - The Israel Telecommunication Corp., Ltd.  | 67500000 | 173843 |
| Orange  | 6788944 | 125699 |
| Deutsche Telekom AG  | 657889 | 21968 |
| Informa PLC  | 1120627 | 13494 |
| Clear Channel Outdoor Holdings, Inc. <sup>(e)</sup>  | 152827 | 319 |
| Cumulus Media, Inc., Class A <sup>(e)</sup>  | 217532 | 17 |
|  |  | 5639139 |
| **Real estate 1.54%** | **Real estate 1.54%** | **Real estate 1.54%** |
| Simon Property Group, Inc. REIT  | 3591652 | 687119 |
| Ventas, Inc. REIT  | 5005681 | 388791 |
| American Tower Corp. REIT  | 2112020 | 378643 |
| Iron Mountain, Inc. REIT  | 2117169 | 195055 |
| Crown Castle, Inc. REIT  | 1580000 | 137160 |
| Extra Space Storage, Inc. REIT  | 892583 | 123150 |
| Lamar Advertising Co. REIT, Class A  | 903020 | 115866 |
| Brixmor Property Group, Inc. REIT  | 2079681 | 55715 |
| CTP NV  | 1885863 | 40953 |
| VICI Properties, Inc. REIT  | 1369395 | 38452 |
| Essential Properties Realty Trust, Inc. REIT  | 1149357 | 34894 |
| Lineage, Inc. REIT  | 962895 | 34385 |
|  |  | 2230183 |
| **Total common stocks** (cost: $62,773,077,000) |  | 98084473 |
| Preferred securities 0.30% |  |  |
| **Financials 0.30%** | **Financials 0.30%** | **Financials 0.30%** |
| Itau Unibanco Holding SA, preferred nominative shares  | 46350000 | 400727 |
| AH Parent, Inc., Class A, 10.50% PIK or 10.00% Cash perpetual cumulative preferred shares <sup>(b)(f)(h)</sup>  | 17970 | 18640 |
| Citigroup, Inc., 10.30% preferred shares <sup>(i)</sup>  | 378650 | 11356 |
|  |  | 430723 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Preferred securities (continued) | Shares | Value<br> (000)<br>|
| **Industrials 0.00%** | **Industrials 0.00%** | **Industrials 0.00%** |
| ACR III LSC Holdings, LLC, Series B, preferred shares <sup>(b)(e)(g)</sup>  | 3259 | $5463 |
| **Total preferred securities** (cost: $246,095,000) |  | 436186 |
| 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>(b)(e)</sup>  | 28 | — <br><sup>(c)</sup><br>|
| **Total rights & warrants** (cost: $0) |  | — <br><sup>(c)</sup><br>|
| Convertible stocks 1.10% |  |  |
| **Industrials 0.78%** | **Industrials 0.78%** | **Industrials 0.78%** |
| Boeing Co., Series A, convertible preferred depositary shares, 6.00% 10/15/2027  | 15109945 | 1129015 |
| **Financials 0.18%** | **Financials 0.18%** | **Financials 0.18%** |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 5207215 | 254841 |
| **Utilities 0.14%** | **Utilities 0.14%** | **Utilities 0.14%** |
| Southern Co. (The), Class A, convertible preferred shares, 7.125% 12/15/2028  | 4000000 | 205000 |
| **Total convertible stocks** (cost: $1,313,566,000) |  | 1588856 |
| Convertible bonds & notes 0.04% | Principal amount<br> (000)<br>|  |
| **Communication services 0.04%** | **Communication services 0.04%** | **Communication services 0.04%** |
| EchoStar Corp., convertible notes, 3.875% Cash 11/30/2030 <sup>(h)</sup>  | USD1,670 | 5796 |
| Live Nation Entertainment, Inc., convertible notes, 2.875% 1/15/2030  | 17500 | 18568 |
| Live Nation Entertainment, Inc., convertible notes, 2.875% 10/15/2031 <sup>(g)</sup>  | 25000 | 25007 |
| **Total convertible bonds & notes** (cost: $44,496,000) |  | 49371 |
| Bonds, notes & other debt instruments 23.12% |  |  |
| **Corporate bonds and notes 15.16%** | **Corporate bonds and notes 15.16%** | **Corporate bonds and notes 15.16%** |
| **Financials 2.31%** | **Financials 2.31%** | **Financials 2.31%** |
| AerCap Ireland Capital DAC 2.45% 10/29/2026  | 9166 | 9064 |
| AerCap Ireland Capital DAC 4.125% 2/28/2029  | 3000 | 2990 |
| Alliant Holdings Intermediate, LLC 4.25% 10/15/2027 <sup>(g)</sup>  | 16855 | 16656 |
| Alliant Holdings Intermediate, LLC 6.75% 10/15/2027 <sup>(g)</sup>  | 65526 | 65751 |
| Alliant Holdings Intermediate, LLC 6.75% 4/15/2028 <sup>(g)</sup>  | 14500 | 14748 |
| Alliant Holdings Intermediate, LLC 5.875% 11/1/2029 <sup>(g)</sup>  | 35215 | 35132 |
| Alliant Holdings Intermediate, LLC 7.00% 1/15/2031 <sup>(g)</sup>  | 32120 | 33321 |
| Alliant Holdings Intermediate, LLC 6.50% 10/1/2031 <sup>(g)</sup>  | 3490 | 3592 |
| Alliant Holdings Intermediate, LLC 7.375% 10/1/2032 <sup>(g)</sup>  | 24135 | 25015 |
| Ally Financial, Inc. 8.00% 11/1/2031  | 1200 | 1358 |
| American Express Co. 6.489% 10/30/2031 (USD-SOFR + 1.94% on 10/30/2030) <sup>(j)</sup>  | 8383 | 9139 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(j)</sup>  | 5898 | 6091 |
| American Express Co. 4.804% 10/24/2036 (USD-SOFR + 1.237% on 10/24/2035) <sup>(j)</sup>  | 2000 | 1961 |
| American International Group, Inc. 5.125% 3/27/2033  | 3981 | 4078 |
| AmWINS Group, Inc. 6.375% 2/15/2029 <sup>(g)</sup>  | 17335 | 17798 |
| AmWINS Group, Inc. 4.875% 6/30/2029 <sup>(g)</sup>  | 55605 | 54893 |
| Apollo Debt Solutions BDC 5.70% 1/23/2031 <sup>(g)</sup>  | 3131 | 3115 |
| Ardonagh Finco, Ltd. 7.75% 2/15/2031 <sup>(g)</sup>  | 22175 | 22937 |
| Ardonagh Group Finance, Ltd. 8.875% 2/15/2032 <sup>(g)</sup>  | 24085 | 24855 |
| Aretec Group, Inc. 7.50% 4/1/2029 <sup>(g)</sup>  | 61410 | 61306 |
| Aretec Group, Inc. 10.00% 8/15/2030 <sup>(g)</sup>  | 15974 | 17227 |
| Arthur J. Gallagher & Co. 5.15% 2/15/2035  | 5980 | 6030 |
| Arthur J. Gallagher & Co. 5.55% 2/15/2055  | 1599 | 1531 |
| Asurion, LLC 8.375% 2/1/2034 <sup>(g)</sup>  | 22155 | 22419 |
| Athene Global Funding 4.86% 8/27/2026 <sup>(g)</sup>  | 2500 | 2512 |

---

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

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| 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>(j)</sup>  | USD6,995 | $6680 |
| Bank of America Corp. 2.087% 6/14/2029 (USD-SOFR + 1.06% on 6/14/2028) <sup>(j)</sup>  | 4185 | 4001 |
| Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028) <sup>(j)</sup>  | 6625 | 6910 |
| Bank of America Corp. 2.884% 10/22/2030 (3-month USD CME Term SOFR + 1.19% on 10/22/2029) <sup>(j)</sup>  | 2375 | 2265 |
| Bank of America Corp. 1.898% 7/23/2031 (USD-SOFR + 1.53% on 7/23/2030) <sup>(j)</sup>  | 9103 | 8192 |
| Bank of America Corp. 2.651% 3/11/2032 (USD-SOFR + 1.22% on 3/11/2031) <sup>(j)</sup>  | 9325 | 8563 |
| Bank of America Corp. 2.687% 4/22/2032 (USD-SOFR + 1.32% on 4/22/2031) <sup>(j)</sup>  | 2550 | 2341 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(j)</sup>  | 475 | 425 |
| Bank of America Corp. 2.572% 10/20/2032 (USD-SOFR + 1.21% on 10/20/2031) <sup>(j)</sup>  | 5132 | 4631 |
| Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033) <sup>(j)</sup>  | 12134 | 12469 |
| Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033) <sup>(j)</sup>  | 2829 | 3006 |
| Banque Federative du Credit Mutuel 4.541% 1/15/2031 <sup>(g)</sup>  | 8000 | 7984 |
| 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)(j)</sup>  | 3295 | 3485 |
| Blackstone Private Credit Fund 5.95% 7/16/2029  | 28052 | 28533 |
| Blackstone Private Credit Fund 5.35% 3/12/2031  | 20994 | 20519 |
| Blackstone Private Credit Fund 6.00% 11/22/2034  | 35920 | 35687 |
| Block, Inc. 5.625% 8/15/2030 <sup>(g)</sup>  | 14010 | 14267 |
| Block, Inc. 3.50% 6/1/2031  | 57550 | 53859 |
| Block, Inc. 6.50% 5/15/2032  | 4785 | 4974 |
| Block, Inc. 6.00% 8/15/2033 <sup>(g)</sup>  | 8455 | 8641 |
| Blue Owl Capital Corp. 3.40% 7/15/2026  | 6475 | 6440 |
| Blue Owl Capital Corp. 2.625% 1/15/2027  | 20600 | 20178 |
| Blue Owl Capital Corp. 3.125% 4/13/2027  | 14490 | 14197 |
| Blue Owl Capital Corp. 2.875% 6/11/2028  | 1765 | 1673 |
| Blue Owl Credit Income Corp. 4.70% 2/8/2027  | 17775 | 17755 |
| Blue Owl Credit Income Corp. 6.65% 3/15/2031  | 13930 | 14256 |
| BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028) <sup>(g)(j)</sup>  | 8362 | 7929 |
| BNP Paribas SA 5.497% 5/20/2030 (USD-SOFR + 1.59% on 5/20/2029) <sup>(g)(j)</sup>  | 18600 | 19265 |
| BNP Paribas SA 5.283% 11/19/2030 (USD-SOFR + 1.28% on 11/19/2029) <sup>(g)(j)</sup>  | 476 | 490 |
| BNP Paribas SA 4.916% 1/15/2034 (USD-SOFR + 1.294% on 1/15/2033) <sup>(g)(j)</sup>  | 3731 | 3714 |
| BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028) <sup>(g)(j)</sup>  | 1500 | 1590 |
| BPCE SA 5.389% 5/28/2031 (USD-SOFR + 1.581% on 5/28/2030) <sup>(g)(j)</sup>  | 6029 | 6197 |
| BPCE SA 4.76% 1/13/2032 (USD-SOFR + 1.267% on 1/13/2031) <sup>(g)(j)</sup>  | 24033 | 24025 |
| BPCE SA 5.417% 1/13/2037 (USD-SOFR + 1.568% on 1/13/2036) <sup>(g)(j)</sup>  | 18552 | 18509 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 21232 | 21564 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 958 | 978 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 15693 | 16065 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 14635 | 15147 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(g)(j)</sup>  | 3400 | 3531 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(g)(j)</sup>  | 5150 | 5354 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(j)</sup>  | 742 | 771 |
| Chubb INA Holdings, LLC 3.35% 5/3/2026  | 765 | 764 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 8345 | 8517 |
| Citibank, NA 4.914% 5/29/2030  | 9400 | 9649 |
| Citigroup, Inc. 3.668% 7/24/2028 (3-month USD CME Term SOFR + 1.652% on 7/24/2027) <sup>(j)</sup>  | 700 | 697 |
| Citigroup, Inc. 4.786% 3/4/2029 (USD-SOFR + 0.87% on 3/4/2028) <sup>(j)</sup>  | 11000 | 11160 |
| Citigroup, Inc. 4.952% 5/7/2031 (USD-SOFR + 1.463% on 5/7/2030) <sup>(j)</sup>  | 1492 | 1523 |
| Citigroup, Inc. 2.572% 6/3/2031 (USD-SOFR + 2.107% on 6/3/2030) <sup>(j)</sup>  | 23118 | 21440 |
| Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) <sup>(j)</sup>  | 1525 | 1527 |
| Citigroup, Inc. 2.561% 5/1/2032 (USD-SOFR + 1.167% on 5/1/2031) <sup>(j)</sup>  | 12586 | 11419 |
| Citigroup, Inc. 2.52% 11/3/2032 (USD-SOFR + 1.177% on 11/3/2031) <sup>(j)</sup>  | 8975 | 8039 |
| Citigroup, Inc. 6.02% 1/24/2036 (USD-SOFR + 1.83% on 1/24/2035) <sup>(j)</sup>  | 1950 | 2034 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(j)</sup>  | 3532 | 3601 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(j)</sup>  | 1300 | 1306 |
| Citizens Financial Group, Inc. 5.841% 1/23/2030 (USD-SOFR + 2.01% on 1/23/2029) <sup>(j)</sup>  | 18020 | 18799 |
| CME Group, Inc. 3.75% 6/15/2028  | 5875 | 5871 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(g)</sup>  | 121973 | 116525 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(g)</sup>  | 58814 | 52010 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(g)</sup>  | 63094 | 58865 |
| Compass Group Diversified Holdings, LLC 5.00% 1/15/2032 <sup>(g)</sup>  | 25972 | 23192 |
| Corebridge Financial, Inc. 3.65% 4/5/2027  | 7215 | 7185 |
| Corebridge Financial, Inc. 3.85% 4/5/2029  | 7448 | 7374 |
| Corebridge Financial, Inc. 3.90% 4/5/2032  | 2303 | 2195 |
| Corebridge Financial, Inc. 4.35% 4/5/2042  | 1622 | 1388 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Corebridge Financial, Inc. 4.40% 4/5/2052  | USD2,907 | $2366 |
| Deutsche Bank AG 2.552% 1/7/2028 (USD-SOFR + 1.318% on 1/7/2027) <sup>(j)</sup>  | 5200 | 5127 |
| Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028) <sup>(j)</sup>  | 6558 | 6871 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(j)</sup>  | 8775 | 9363 |
| Deutsche Bank AG 4.469% 12/10/2031 (USD-SOFR + 1.10% on 12/10/2030) <sup>(j)</sup>  | 4500 | 4496 |
| Equitable Holdings, Inc. 5.00% 4/20/2048  | 849 | 765 |
| Goldman Sachs Group, Inc. 2.64% 2/24/2028 (USD-SOFR + 1.114% on 2/24/2027) <sup>(j)</sup>  | 17500 | 17252 |
| Goldman Sachs Group, Inc. 4.148% 1/21/2029 (USD-SOFR + 0.71% on 1/21/2028) <sup>(j)</sup>  | 24750 | 24773 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(j)</sup>  | 2425 | 2532 |
| Goldman Sachs Group, Inc. 4.692% 10/23/2030 (USD-SOFR + 1.135% on 10/23/2029) <sup>(j)</sup>  | 4583 | 4646 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(j)</sup>  | 7182 | 7143 |
| Goldman Sachs Group, Inc. 4.516% 1/21/2032 (USD-SOFR + 0.96% on 1/21/2031) <sup>(j)</sup>  | 13863 | 13861 |
| Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031) <sup>(j)</sup>  | 1676 | 1488 |
| Goldman Sachs Group, Inc. 2.615% 4/22/2032 (USD-SOFR + 1.281% on 4/22/2031) <sup>(j)</sup>  | 12662 | 11535 |
| Goldman Sachs Group, Inc. 2.383% 7/21/2032 (USD-SOFR + 1.248% on 7/21/2031) <sup>(j)</sup>  | 500 | 447 |
| Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) <sup>(j)</sup>  | 8268 | 8156 |
| Goldman Sachs Group, Inc. 5.065% 1/21/2037 (USD-SOFR + 1.19% on 1/21/2036) <sup>(j)</sup>  | 11268 | 11224 |
| Goldman Sachs Group, Inc. 3.21% 4/22/2042 (USD-SOFR + 1.513% on 4/22/2041) <sup>(j)</sup>  | 7500 | 5741 |
| Goldman Sachs Group, Inc. 5.541% 1/21/2047 (USD-SOFR + 1.32% on 1/21/2046) <sup>(j)</sup>  | 16500 | 16263 |
| Hightower Holding, LLC 6.75% 4/15/2029 <sup>(g)</sup>  | 32820 | 32964 |
| Hightower Holding, LLC 9.125% 1/31/2030 <sup>(g)</sup>  | 39065 | 41430 |
| Howden UK Refinance PLC 7.25% 2/15/2031 <sup>(g)</sup>  | 26210 | 27126 |
| Howden UK Refinance 2 PLC 8.125% 2/15/2032 <sup>(g)</sup>  | 9445 | 9634 |
| HSBC Holdings PLC 7.39% 11/3/2028 (USD-SOFR + 7.39% on 11/3/2027) <sup>(j)</sup>  | 243 | 257 |
| HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028) <sup>(j)</sup>  | 4701 | 4480 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(j)</sup>  | 8495 | 8533 |
| HSBC Holdings PLC 2.804% 5/24/2032 (USD-SOFR + 1.187% on 5/24/2031) <sup>(j)</sup>  | 2000 | 1831 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(j)</sup>  | 1922 | 1747 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(j)</sup>  | 29241 | 30046 |
| HSBC Holdings PLC 5.133% 11/6/2036 (USD-SOFR + 1.43% on 11/6/2035) <sup>(j)</sup>  | 1110 | 1109 |
| HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043) <sup>(j)</sup>  | 298 | 326 |
| HUB International, Ltd. 5.625% 12/1/2029 <sup>(g)</sup>  | 25020 | 25013 |
| HUB International, Ltd. 7.25% 6/15/2030 <sup>(g)</sup>  | 12698 | 13255 |
| HUB International, Ltd. 7.375% 1/31/2032 <sup>(g)</sup>  | 26360 | 27629 |
| Intercontinental Exchange, Inc. 4.20% 3/15/2031  | 1639 | 1636 |
| Intercontinental Exchange, Inc. 5.25% 6/15/2031  | 4099 | 4287 |
| Intesa Sanpaolo SpA 3.875% 7/14/2027 <sup>(g)</sup>  | 6150 | 6139 |
| Intesa Sanpaolo SpA 3.875% 1/12/2028 <sup>(g)</sup>  | 2820 | 2806 |
| 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)(j)</sup>  | 20582 | 24445 |
| ION Platform Finance US, Inc. 8.75% 5/1/2029 <sup>(g)</sup>  | 49637 | 47362 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(g)</sup>  | 38007 | 36708 |
| ION Platform Finance US, Inc. 9.00% 8/1/2029 <sup>(g)</sup>  | 30259 | 29082 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(g)</sup>  | 22790 | 20016 |
| Iron Mountain Information Management Services, Inc. 5.00% 7/15/2032 <sup>(g)</sup>  | 45895 | 43937 |
| Jackson National Life Global Funding 4.55% 9/9/2030 <sup>(g)</sup>  | 8000 | 7986 |
| Jane Street Group, LLC 7.125% 4/30/2031 <sup>(g)</sup>  | 5998 | 6310 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(g)</sup>  | 36875 | 38372 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(j)</sup>  | 2070 | 2091 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(j)</sup>  | 1000 | 1019 |
| JPMorgan Chase & Co. 3.54% 5/1/2028 (3-month USD CME Term SOFR + 1.642% on 5/1/2027) <sup>(j)</sup>  | 350 | 348 |
| JPMorgan Chase & Co. 4.851% 7/25/2028 (USD-SOFR + 1.99% on 7/25/2027) <sup>(j)</sup>  | 6435 | 6515 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(j)</sup>  | 5200 | 5250 |
| JPMorgan Chase & Co. 6.087% 10/23/2029 (USD-SOFR + 1.57% on 10/23/2028) <sup>(j)</sup>  | 6500 | 6833 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(j)</sup>  | 1790 | 1865 |
| JPMorgan Chase & Co. 4.603% 10/22/2030 (USD-SOFR + 1.04% on 10/22/2029) <sup>(j)</sup>  | 7515 | 7625 |
| JPMorgan Chase & Co. 5.14% 1/24/2031 (USD-SOFR + 0.90% on 1/24/2030) <sup>(j)</sup>  | 4350 | 4489 |
| JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) <sup>(j)</sup>  | 875 | 871 |
| JPMorgan Chase & Co. 4.347% 1/22/2032 (USD-SOFR + 0.84% on 1/22/2031) <sup>(j)</sup>  | 2425 | 2419 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(j)</sup>  | 3275 | 2917 |
| JPMorgan Chase & Co. 2.58% 4/22/2032 (3-month USD CME Term SOFR + 1.25% on 4/22/2031) <sup>(j)</sup>  | 2730 | 2493 |
| JPMorgan Chase & Co. 2.545% 11/8/2032 (USD-SOFR + 1.18% on 11/8/2031) <sup>(j)</sup>  | 3550 | 3199 |
| JPMorgan Chase & Co. 5.294% 7/22/2035 (USD-SOFR + 1.46% on 7/22/2034) <sup>(j)</sup>  | 4835 | 4965 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(j)</sup>  | 9034 | 9430 |
| JPMorgan Chase & Co. 4.81% 10/22/2036 (USD-SOFR + 1.19% on 10/22/2035) <sup>(j)</sup>  | 2950 | 2909 |
| JPMorgan Chase & Co. 4.898% 1/22/2037 (USD-SOFR + 1.07% on 1/22/2036) <sup>(j)</sup>  | 13993 | 13892 |

---

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 and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| JPMorgan Chase & Co. 5.193% 2/5/2037 (USD-SOFR + 1.30% on 2/5/2036) <sup>(j)</sup>  | USD5,000 | $4985 |
| JPMorgan Chase & Co. 3.109% 4/22/2051 (USD-SOFR + 2.44% on 4/22/2050) <sup>(j)</sup>  | 6250 | 4244 |
| 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>(j)</sup>  | 7070 | 6993 |
| 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)(j)</sup>  | 2400 | 2479 |
| Liberty Mutual Group, Inc. 4.569% 2/1/2029 <sup>(g)</sup>  | 2929 | 2947 |
| LPL Holdings, Inc. 4.625% 11/15/2027 <sup>(g)</sup>  | 22510 | 22418 |
| LPL Holdings, Inc. 4.00% 3/15/2029 <sup>(g)</sup>  | 19120 | 18861 |
| LPL Holdings, Inc. 4.375% 5/15/2031 <sup>(g)</sup>  | 21690 | 21105 |
| M&T Bank Corp. 7.413% 10/30/2029 (USD-SOFR + 2.80% on 10/30/2028) <sup>(j)</sup>  | 13352 | 14476 |
| Marsh & McLennan Cos., Inc. 4.85% 11/15/2031  | 11250 | 11519 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 7250 | 7320 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 4500 | 4348 |
| Mastercard, Inc. 4.35% 1/15/2032  | 219 | 220 |
| Mastercard, Inc. 4.85% 3/9/2033  | 33 | 34 |
| Metropolitan Life Global Funding I 5.05% 6/11/2027 <sup>(g)</sup>  | 3000 | 3046 |
| Metropolitan Life Global Funding I 5.15% 3/28/2033 <sup>(g)</sup>  | 3578 | 3673 |
| Mizuho Financial Group, Inc. 1.979% 9/8/2031 (3-month USD CME Term SOFR + 1.532% on 9/8/2030) <sup>(j)</sup>  | 3350 | 3008 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(j)</sup>  | 2000 | 2038 |
| Morgan Stanley 5.123% 2/1/2029 (USD-SOFR + 1.73% on 2/1/2028) <sup>(j)</sup>  | 2250 | 2296 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(j)</sup>  | 2175 | 2215 |
| Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028) <sup>(j)</sup>  | 10134 | 10358 |
| Morgan Stanley 5.449% 7/20/2029 (USD-SOFR + 1.63% on 7/20/2028) <sup>(j)</sup>  | 2175 | 2242 |
| Morgan Stanley 4.133% 10/18/2029 (USD-SOFR + 0.913% on 10/18/2028) <sup>(j)</sup>  | 24081 | 24067 |
| Morgan Stanley 4.238% 1/9/2030 (USD-SOFR + 0.80% on 1/9/2029) <sup>(j)</sup>  | 16125 | 16158 |
| Morgan Stanley 5.173% 1/16/2030 (USD-SOFR + 1.45% on 1/16/2029) <sup>(j)</sup>  | 2437 | 2503 |
| Morgan Stanley 4.213% 2/8/2030 (USD-SOFR + 0.762% on 2/8/2029) <sup>(j)</sup>  | 21350 | 21361 |
| Morgan Stanley 5.042% 7/19/2030 (USD-SOFR + 1.215% on 7/19/2029) <sup>(j)</sup>  | 2975 | 3049 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(j)</sup>  | 2838 | 2873 |
| Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030) <sup>(j)</sup>  | 1569 | 1616 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(j)</sup>  | 773 | 796 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(j)</sup>  | 10870 | 10813 |
| Morgan Stanley 4.493% 1/16/2032 (USD-SOFR + 0.95% on 1/16/2031) <sup>(j)</sup>  | 10240 | 10236 |
| Morgan Stanley 1.794% 2/13/2032 (USD-SOFR + 1.034% on 2/13/2031) <sup>(j)</sup>  | 6860 | 6025 |
| Morgan Stanley 1.928% 4/28/2032 (USD-SOFR + 1.02% on 4/28/2031) <sup>(j)</sup>  | 1835 | 1613 |
| Morgan Stanley 2.239% 7/21/2032 (USD-SOFR + 1.178% on 7/21/2031) <sup>(j)</sup>  | 475 | 422 |
| Morgan Stanley 2.511% 10/20/2032 (USD-SOFR + 1.20% on 10/20/2031) <sup>(j)</sup>  | 47 | 42 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(j)</sup>  | 16539 | 16288 |
| Morgan Stanley 5.073% 1/30/2037 (USD-SOFR + 1.184% on 1/30/2036) <sup>(j)</sup>  | 20500 | 20428 |
| Nasdaq, Inc. 5.55% 2/15/2034  | 871 | 911 |
| Navient Corp. 6.75% 6/15/2026  | 20000 | 20104 |
| Navient Corp. 5.00% 3/15/2027  | 23210 | 23074 |
| Navient Corp. 4.875% 3/15/2028  | 3085 | 3026 |
| Navient Corp. 5.50% 3/15/2029  | 95140 | 93118 |
| Navient Corp. 9.375% 7/25/2030  | 3215 | 3464 |
| Navient Corp. 11.50% 3/15/2031  | 43790 | 47669 |
| Navient Corp. 7.875% 6/15/2032  | 45070 | 45546 |
| Navient Corp. 5.625% 8/1/2033  | 13460 | 11760 |
| New York Life Global Funding 4.55% 1/28/2033 <sup>(g)</sup>  | 3288 | 3270 |
| Northwestern Mutual Global Funding 1.75% 1/11/2027 <sup>(g)</sup>  | 8500 | 8349 |
| OneMain Finance Corp. 3.875% 9/15/2028  | 9644 | 9384 |
| OneMain Finance Corp. 6.625% 5/15/2029  | 31150 | 32148 |
| OneMain Finance Corp. 5.375% 11/15/2029  | 15380 | 15348 |
| OneMain Finance Corp. 7.875% 3/15/2030  | 26250 | 27705 |
| OneMain Finance Corp. 6.125% 5/15/2030  | 35623 | 36336 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 6010 | 6305 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 34750 | 36034 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 28370 | 29415 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 24160 | 24303 |
| OneMain Finance Corp. 6.75% 9/15/2033  | 20090 | 20338 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(g)</sup>  | 20000 | 20741 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(g)</sup>  | 12170 | 12621 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(g)</sup>  | 23345 | 24210 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(g)</sup>  | 4230 | 4387 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(g)</sup>  | 13940 | 13937 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Panther Escrow Issuer, LLC 7.125% 6/1/2031 <sup>(g)</sup>  | USD8,060 | $8306 |
| PayPal Holdings, Inc. 2.65% 10/1/2026  | 957 | 950 |
| PayPal Holdings, Inc. 2.30% 6/1/2030  | 674 | 625 |
| PennyMac Financial Services, Inc. 6.875% 5/15/2032 <sup>(g)</sup>  | 32290 | 33022 |
| PennyMac Financial Services, Inc. 6.875% 2/15/2033 <sup>(g)</sup>  | 24030 | 24526 |
| Prudential Financial, Inc. 4.35% 2/25/2050  | 5205 | 4301 |
| Prudential Financial, Inc. 3.70% 3/13/2051  | 755 | 557 |
| Rocket Cos., Inc. 7.125% 2/1/2032 <sup>(g)</sup>  | 13930 | 14565 |
| Rocket Mortgage, LLC 2.875% 10/15/2026 <sup>(g)</sup>  | 12990 | 12820 |
| Rocket Mortgage, LLC 3.625% 3/1/2029 <sup>(g)</sup>  | 6645 | 6422 |
| Ryan Specialty, LLC 4.375% 2/1/2030 <sup>(g)</sup>  | 30295 | 29552 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(g)</sup>  | 14970 | 15227 |
| Santander Holdings USA, Inc. 6.124% 5/31/2027 (USD-SOFR + 1.232% on 5/31/2026) <sup>(j)</sup>  | 3575 | 3596 |
| Santander Holdings USA, Inc. 2.49% 1/6/2028 (USD-SOFR + 1.249% on 1/6/2027) <sup>(j)</sup>  | 5250 | 5172 |
| Santander Holdings USA, Inc. 5.473% 3/20/2029 (USD-SOFR + 1.61% on 3/20/2028) <sup>(j)</sup>  | 14895 | 15237 |
| Santander Holdings USA, Inc. 6.565% 6/12/2029 (USD-SOFR + 2.70% on 6/12/2028) <sup>(j)</sup>  | 1861 | 1947 |
| SLM Corp. 6.50% 1/31/2030  | 2775 | 2865 |
| Starwood Property Trust, Inc. 4.375% 1/15/2027 <sup>(g)</sup>  | 33055 | 32855 |
| Starwood Property Trust, Inc. 7.25% 4/1/2029 <sup>(g)</sup>  | 17565 | 18546 |
| Starwood Property Trust, Inc. 6.50% 7/1/2030 <sup>(g)</sup>  | 14100 | 14692 |
| Starwood Property Trust, Inc. 6.50% 10/15/2030 <sup>(g)</sup>  | 21170 | 22061 |
| 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)(j)</sup>  | 1400 | 1412 |
| Synchrony Bank 5.625% 8/23/2027  | 9000 | 9167 |
| Synchrony Financial 5.019% 7/29/2029 (USD-SOFR + 1.395% on 7/29/2028) <sup>(j)</sup>  | 2874 | 2908 |
| Truist Financial Corp. 7.161% 10/30/2029 (USD-SOFR + 2.446% on 10/30/2028) <sup>(j)</sup>  | 3163 | 3407 |
| U.S. Bancorp 2.375% 7/22/2026  | 5000 | 4971 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(j)</sup>  | 7250 | 7507 |
| UBS Group AG 1.305% 2/2/2027 (USD-SOFR + 0.98% on 2/2/2026) <sup>(g)(j)</sup>  | 20134 | 20134 |
| 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)(j)</sup>  | 6000 | 5919 |
| 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)(j)</sup>  | 1407 | 1419 |
| UBS Group AG 3.869% 1/12/2029 (3-month USD CME Term SOFR + 1.672% on 1/12/2028) <sup>(g)(j)</sup>  | 1725 | 1717 |
| 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)(j)</sup>  | 1325 | 1370 |
| UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030) <sup>(g)(j)</sup>  | 3050 | 3021 |
| UniCredit SpA 4.625% 4/12/2027 <sup>(g)</sup>  | 600 | 604 |
| USI, Inc. 7.50% 1/15/2032 <sup>(g)</sup>  | 9555 | 10015 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(g)</sup>  | 34220 | 36371 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(j)</sup>  | 7575 | 7728 |
| Wells Fargo & Co. 2.393% 6/2/2028 (USD-SOFR + 2.10% on 6/2/2027) <sup>(j)</sup>  | 4900 | 4799 |
| Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027) <sup>(j)</sup>  | 8248 | 8345 |
| Wells Fargo & Co. 4.182% 1/23/2030 (USD-SOFR + 0.74% on 1/23/2029) <sup>(j)</sup>  | 15450 | 15465 |
| Wells Fargo & Co. 2.879% 10/30/2030 (3-month USD CME Term SOFR + 1.432% on 10/30/2029) <sup>(j)</sup>  | 900 | 858 |
| Wells Fargo & Co. 2.572% 2/11/2031 (USD-SOFR + 1.262% on 2/11/2030) <sup>(j)</sup>  | 7350 | 6870 |
| Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033) <sup>(j)</sup>  | 10750 | 11832 |
| Wells Fargo & Co. 4.96% 1/23/2037 (USD-SOFR + 1.10% on 1/23/2036) <sup>(j)</sup>  | 4000 | 3969 |
| 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>(j)</sup>  | 9400 | 8543 |
| Westpac Banking Corp. 2.963% 11/16/2040  | 4325 | 3308 |
|  |  | 3335425 |
| **Communication services 2.22%** | **Communication services 2.22%** | **Communication services 2.22%** |
| Alphabet, Inc. 4.70% 11/15/2035  | 16899 | 16829 |
| Alphabet, Inc. 5.35% 11/15/2045  | 9000 | 8884 |
| Alphabet, Inc. 5.25% 5/15/2055  | 8280 | 7895 |
| Alphabet, Inc. 5.45% 11/15/2055  | 34852 | 34018 |
| Alphabet, Inc. 5.30% 5/15/2065  | 4377 | 4094 |
| Alphabet, Inc. 5.70% 11/15/2075  | 21000 | 20635 |
| Altice France 6.50% 4/15/2032 <sup>(g)</sup>  | 42203 | 41245 |
| Altice France 6.875% 7/15/2032 <sup>(g)</sup>  | 2200 | 2150 |
| AT&T, Inc. 1.65% 2/1/2028  | 5925 | 5666 |
| AT&T, Inc. 4.40% 4/30/2031  | 25000 | 25015 |
| AT&T, Inc. 4.75% 4/30/2033  | 8376 | 8364 |

---

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 and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| AT&T, Inc. 5.40% 2/15/2034  | USD3,384 | $3493 |
| AT&T, Inc. 3.50% 9/15/2053  | 9669 | 6463 |
| British Telecommunications PLC 9.625% 12/15/2030 <sup>(j)</sup>  | 3261 | 3968 |
| CCO Holdings, LLC 5.00% 2/1/2028 <sup>(g)</sup>  | 7395 | 7358 |
| CCO Holdings, LLC 5.375% 6/1/2029 <sup>(g)</sup>  | 1295 | 1281 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(g)</sup>  | 21307 | 20368 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(g)</sup>  | 41075 | 38635 |
| CCO Holdings, LLC 4.25% 2/1/2031 <sup>(g)</sup>  | 95503 | 87515 |
| CCO Holdings, LLC 4.75% 2/1/2032 <sup>(g)</sup>  | 55115 | 50385 |
| CCO Holdings, LLC 4.50% 5/1/2032  | 87524 | 78619 |
| CCO Holdings, LLC 7.00% 2/1/2033 <sup>(g)</sup>  | 21920 | 22148 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(g)</sup>  | 81159 | 71080 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(g)</sup>  | 55359 | 46816 |
| CCO Holdings, LLC 7.375% 2/1/2036 <sup>(g)</sup>  | 20965 | 21008 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 40973 | 40796 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 13048 | 9896 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 63939 | 40927 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 34569 | 22598 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 9882 | 7899 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 15803 | 15272 |
| Charter Communications Operating, LLC 5.50% 4/1/2063  | 8889 | 7035 |
| Clear Channel Outdoor Holdings, Inc. 7.75% 4/15/2028 <sup>(g)</sup>  | 24535 | 24557 |
| Clear Channel Outdoor Holdings, Inc. 7.50% 6/1/2029 <sup>(g)</sup>  | 2400 | 2377 |
| Clear Channel Outdoor Holdings, Inc. 7.125% 2/15/2031 <sup>(g)</sup>  | 25300 | 26399 |
| Comcast Corp. 5.65% 6/1/2054  | 1000 | 938 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(g)</sup>  | 168586 | 179142 |
| CSC Holdings, LLC 5.50% 4/15/2027 <sup>(g)</sup>  | 19450 | 17182 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(g)</sup>  | 34187 | 34371 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(g)</sup>  | 35150 | 35634 |
| DIRECTV Financing, LLC 10.00% 2/15/2031 <sup>(g)</sup>  | 19575 | 20180 |
| Discovery Communications, LLC 4.125% 5/15/2029  | 725 | 705 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(g)</sup>  | 87435 | 90536 |
| EchoStar Corp. 10.75% 11/30/2029  | 60328 | 66166 |
| EchoStar Corp. 6.75% Cash 11/30/2030 <sup>(h)</sup>  | 24861 | 25333 |
| Embarq, LLC 7.995% 6/1/2036  | 78221 | 30897 |
| Frontier Communications Holdings, LLC 5.00% 5/1/2028 <sup>(g)</sup>  | 6015 | 6019 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(g)</sup>  | 75465 | 75797 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 57407 | 57978 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(g)</sup>  | 59229 | 59800 |
| Frontier Communications Holdings, LLC 8.75% 5/15/2030 <sup>(g)</sup>  | 22025 | 22734 |
| Frontier Communications Holdings, LLC 8.625% 3/15/2031 <sup>(g)</sup>  | 10275 | 10750 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(g)</sup>  | 79560 | 85498 |
| Gray Media, Inc. 4.75% 10/15/2030 <sup>(g)</sup>  | 18529 | 14318 |
| Gray Media, Inc. 5.375% 11/15/2031 <sup>(g)</sup>  | 61198 | 45515 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(g)</sup>  | 49166 | 50727 |
| Lamar Media Corp. 3.625% 1/15/2031  | 25415 | 24016 |
| Lamar Media Corp. 5.375% 11/1/2033 <sup>(g)</sup>  | 26620 | 26583 |
| Ligado Networks, LLC 17.50% PIK 11/1/2023 <sup>(g)(h)(k)</sup>  | 77722 | 21810 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(g)</sup>  | 2345 | 2449 |
| Live Nation Entertainment, Inc. 4.75% 10/15/2027 <sup>(g)</sup>  | 36840 | 36849 |
| Meta Platforms, Inc. 4.60% 11/15/2032  | 26833 | 26908 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 39169 | 38759 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 19858 | 19108 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 13000 | 11989 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 55305 | 52661 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 15162 | 14348 |
| News Corp. 3.875% 5/15/2029 <sup>(g)</sup>  | 13000 | 12668 |
| Nexstar Media, Inc. 5.625% 7/15/2027 <sup>(g)</sup>  | 10315 | 10323 |
| Nexstar Media, Inc. 4.75% 11/1/2028 <sup>(g)</sup>  | 107725 | 107135 |
| Orange 4.25% 1/13/2031 <sup>(g)</sup>  | 8000 | 7935 |
| Orange 4.75% 1/13/2033 <sup>(g)</sup>  | 9245 | 9226 |
| Orange 5.75% 1/13/2056 <sup>(g)</sup>  | 595 | 597 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(g)</sup>  | 23592 | 23145 |
| Scripps Escrow II, Inc. 3.875% 1/15/2029 <sup>(g)</sup>  | 12000 | 11083 |
| Sinclair Television Group, Inc. 8.125% 2/15/2033 <sup>(g)</sup>  | 24070 | 24912 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(g)</sup>  | 1040 | 1034 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| Sirius XM Radio, LLC 5.00% 8/1/2027 <sup>(g)</sup>  | USD10,000 | $9988 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(g)</sup>  | 63125 | 61696 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(g)</sup>  | 12905 | 12969 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(g)</sup>  | 68223 | 64390 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(g)</sup>  | 130190 | 119008 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(g)</sup>  | 32175 | 33040 |
| Take-Two Interactive Software, Inc. 4.00% 4/14/2032  | 3752 | 3639 |
| TEGNA, Inc. 5.00% 9/15/2029  | 12100 | 12022 |
| T-Mobile USA, Inc. 4.95% 3/15/2028  | 5224 | 5324 |
| T-Mobile USA, Inc. 5.30% 5/15/2035  | 6362 | 6489 |
| T-Mobile USA, Inc. 4.95% 11/15/2035  | 1583 | 1570 |
| T-Mobile USA, Inc. 3.40% 10/15/2052  | 3839 | 2575 |
| Univision Communications, Inc. 8.00% 8/15/2028 <sup>(g)</sup>  | 20400 | 21065 |
| Univision Communications, Inc. 4.50% 5/1/2029 <sup>(g)</sup>  | 90729 | 86713 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(g)</sup>  | 62096 | 62953 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(g)</sup>  | 2365 | 2468 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(g)</sup>  | 51550 | 55526 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 4318 | 3946 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 7841 | 6915 |
| Verizon Communications, Inc. 4.75% 1/15/2033  | 5984 | 5987 |
| Verizon Communications, Inc. 5.05% 5/9/2033  | 3816 | 3901 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 10953 | 11100 |
| Verizon Communications, Inc. 5.00% 1/15/2036  | 13135 | 12989 |
| Verizon Communications, Inc. 5.401% 7/2/2037  | 382 | 386 |
| Verizon Communications, Inc. 3.40% 3/22/2041  | 8500 | 6628 |
| Verizon Communications, Inc. 2.85% 9/3/2041  | 501 | 361 |
| Verizon Communications, Inc. 5.75% 11/30/2045  | 3211 | 3193 |
| Verizon Communications, Inc. 5.875% 11/30/2055  | 5539 | 5472 |
| Verizon Communications, Inc. 2.987% 10/30/2056  | 3235 | 1921 |
| Verizon Communications, Inc. 6.00% 11/30/2065  | 3615 | 3579 |
| Versant Media Group, Inc. 7.25% 1/30/2031 <sup>(g)</sup>  | 17160 | 17597 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 1752 | 1740 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 87884 | 85302 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 113745 | 100238 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 107332 | 75669 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 5073 | 3384 |
| WMG Acquisition Corp. 3.75% 12/1/2029 <sup>(g)</sup>  | 4771 | 4594 |
| WMG Acquisition Corp. 3.875% 7/15/2030 <sup>(g)</sup>  | 30599 | 29390 |
| WMG Acquisition Corp. 3.00% 2/15/2031 <sup>(g)</sup>  | 7235 | 6746 |
|  |  | 3197919 |
| **Consumer discretionary 2.17%** | **Consumer discretionary 2.17%** | **Consumer discretionary 2.17%** |
| Acushnet Co. 5.625% 12/1/2033 <sup>(g)</sup>  | 3055 | 3091 |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 3355 | 3436 |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 8270 | 7647 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 3289 | 2844 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(g)</sup>  | 2120 | 2153 |
| Alibaba Group Holding, Ltd. 2.125% 2/9/2031  | 855 | 777 |
| Alibaba Group Holding, Ltd. 4.50% 11/28/2034  | 930 | 917 |
| Alibaba Group Holding, Ltd. 4.00% 12/6/2037  | 239 | 220 |
| Allied Universal Holdco, LLC 4.625% 6/1/2028 <sup>(g)</sup>  | 22900 | 22602 |
| Allied Universal Holdco, LLC 6.00% 6/1/2029 <sup>(g)</sup>  | 23230 | 23050 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(g)</sup>  | 7180 | 7461 |
| Allied Universal Holdco, LLC 7.875% 2/15/2031 <sup>(g)</sup>  | 3415 | 3596 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(g)</sup>  | 21802 | 22711 |
| Amazon.com, Inc. 4.10% 11/20/2030  | 12250 | 12255 |
| Amazon.com, Inc. 4.35% 3/20/2033  | 12250 | 12199 |
| Amazon.com, Inc. 4.65% 11/20/2035  | 14422 | 14286 |
| Amazon.com, Inc. 5.45% 11/20/2055  | 29507 | 28757 |
| Amazon.com, Inc. 5.55% 11/20/2065  | 17000 | 16507 |
| Asbury Automotive Group, Inc. 4.625% 11/15/2029 <sup>(g)</sup>  | 48325 | 47614 |
| Asbury Automotive Group, Inc. 5.00% 2/15/2032 <sup>(g)</sup>  | 4555 | 4429 |
| Boyd Gaming Corp. 4.75% 12/1/2027  | 22590 | 22592 |
| Boyd Gaming Corp. 4.75% 6/15/2031 <sup>(g)</sup>  | 14695 | 14325 |
| Boyne USA, Inc. 4.75% 5/15/2029 <sup>(g)</sup>  | 31780 | 31374 |

---

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 and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Brightstar Lottery PLC 5.75% 1/15/2033 <sup>(g)</sup>  | USD3,775 | $3755 |
| Caesars Entertainment, Inc. 4.625% 10/15/2029 <sup>(g)</sup>  | 22645 | 21758 |
| Caesars Entertainment, Inc. 7.00% 2/15/2030 <sup>(g)</sup>  | 36005 | 37196 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(g)</sup>  | 27275 | 27903 |
| Caesars Entertainment, Inc. 6.00% 10/15/2032 <sup>(g)</sup>  | 8800 | 8568 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(g)</sup>  | 1995 | 1975 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(g)</sup>  | 12325 | 12475 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(g)</sup>  | 9630 | 10084 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(g)</sup>  | 14000 | 14423 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(g)</sup>  | 56810 | 58416 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(g)</sup>  | 11295 | 11625 |
| Cougar JV Subsidiary, LLC 8.00% 5/15/2032 <sup>(g)</sup>  | 20605 | 22034 |
| Daimler Trucks Finance North America, LLC 4.95% 1/13/2028 <sup>(g)</sup>  | 11599 | 11785 |
| Daimler Trucks Finance North America, LLC 5.125% 1/19/2028 <sup>(g)</sup>  | 1108 | 1130 |
| Daimler Trucks Finance North America, LLC 2.375% 12/14/2028 <sup>(g)</sup>  | 3825 | 3650 |
| Daimler Trucks Finance North America, LLC 5.125% 9/25/2029 <sup>(g)</sup>  | 6460 | 6647 |
| Daimler Trucks Finance North America, LLC 5.25% 1/13/2030 <sup>(g)</sup>  | 14370 | 14802 |
| Fertitta Entertainment, LLC 4.625% 1/15/2029 <sup>(g)</sup>  | 37058 | 35857 |
| Fertitta Entertainment, LLC 6.75% 1/15/2030 <sup>(g)</sup>  | 8635 | 8171 |
| First Student Bidco, Inc. 4.00% 7/31/2029 <sup>(g)</sup>  | 38200 | 37235 |
| Flutter Treasury DAC 5.875% 6/4/2031 <sup>(g)</sup>  | 10635 | 10778 |
| Ford Motor Co. 3.25% 2/12/2032  | 88550 | 78685 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 2180 | 2184 |
| Ford Motor Credit Co., LLC 4.271% 1/9/2027  | 8820 | 8817 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 4000 | 4067 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 680 | 684 |
| Ford Motor Credit Co., LLC 4.125% 8/17/2027  | 6910 | 6879 |
| Ford Motor Credit Co., LLC 3.815% 11/2/2027  | 1350 | 1336 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 4244 | 4471 |
| Ford Motor Credit Co., LLC 2.90% 2/10/2029  | 17000 | 16114 |
| Ford Motor Credit Co., LLC 5.80% 3/8/2029  | 40957 | 42114 |
| Ford Motor Credit Co., LLC 4.97% 4/6/2029  | 780 | 784 |
| Ford Motor Credit Co., LLC 5.113% 5/3/2029  | 16757 | 16893 |
| Ford Motor Credit Co., LLC 5.875% 11/7/2029  | 17805 | 18368 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 1925 | 2071 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 43407 | 44456 |
| Ford Motor Credit Co., LLC 4.00% 11/13/2030  | 51645 | 49151 |
| Ford Motor Credit Co., LLC 6.05% 3/5/2031  | 53551 | 55375 |
| Ford Motor Credit Co., LLC 3.625% 6/17/2031  | 21447 | 19829 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 114398 | 118188 |
| Ford Motor Credit Co., LLC 6.532% 3/19/2032  | 56470 | 59568 |
| Ford Motor Credit Co., LLC 5.753% 4/6/2033  | 29892 | 30179 |
| Ford Motor Credit Co., LLC 7.122% 11/7/2033  | 29159 | 31517 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 51692 | 52893 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 20880 | 21789 |
| Ford Motor Credit Co., LLC 5.869% 10/31/2035  | 112761 | 112329 |
| Gap, Inc. 3.625% 10/1/2029 <sup>(g)</sup>  | 2507 | 2387 |
| Gap, Inc. 3.875% 10/1/2031 <sup>(g)</sup>  | 1670 | 1549 |
| General Motors Co. 6.60% 4/1/2036  | 5110 | 5569 |
| General Motors Co. 6.75% 4/1/2046  | 12230 | 13162 |
| General Motors Financial Co., Inc. 4.20% 10/27/2028  | 7183 | 7203 |
| General Motors Financial Co., Inc. 4.90% 10/6/2029  | 2500 | 2541 |
| General Motors Financial Co., Inc. 5.35% 1/7/2030  | 18010 | 18620 |
| General Motors Financial Co., Inc. 5.45% 7/15/2030  | 69000 | 71719 |
| General Motors Financial Co., Inc. 4.60% 1/8/2031  | 1500 | 1501 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 32462 | 33819 |
| General Motors Financial Co., Inc. 5.45% 1/8/2036  | 23083 | 23191 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(g)</sup>  | 8280 | 8562 |
| Grand Canyon University 4.375% 10/1/2026  | 2500 | 2472 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(g)</sup>  | 5025 | 5113 |
| Group 1 Automotive, Inc. 6.375% 1/15/2030 <sup>(g)</sup>  | 12220 | 12567 |
| Hilton Domestic Operating Co., Inc. 4.875% 1/15/2030  | 30661 | 30735 |
| Hilton Domestic Operating Co., Inc. 4.00% 5/1/2031 <sup>(g)</sup>  | 22520 | 21513 |
| Hilton Domestic Operating Co., Inc. 5.75% 9/15/2033 <sup>(g)</sup>  | 31890 | 32505 |
| Hilton Domestic Operating Co., Inc. 5.50% 3/31/2034 <sup>(g)</sup>  | 12880 | 12948 |
| Hilton Grand Vacations Borrower, LLC 5.00% 6/1/2029 <sup>(g)</sup>  | 17560 | 17082 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Home Depot, Inc. 1.50% 9/15/2028  | USD5,000 | $4730 |
| Home Depot, Inc. 2.95% 6/15/2029  | 5000 | 4851 |
| Home Depot, Inc. 1.875% 9/15/2031  | 6250 | 5516 |
| Home Depot, Inc. 5.95% 4/1/2041  | 12500 | 13433 |
| Home Depot, Inc. 4.50% 12/6/2048  | 601 | 520 |
| Home Depot, Inc. 5.30% 6/25/2054  | 8500 | 8165 |
| Hyatt Hotels Corp. 5.05% 3/30/2028  | 7086 | 7222 |
| Hyatt Hotels Corp. 5.75% 3/30/2032  | 6694 | 7017 |
| Hyundai Capital America 1.50% 6/15/2026 <sup>(g)</sup>  | 7378 | 7311 |
| Hyundai Capital America 5.45% 6/24/2026 <sup>(g)</sup>  | 7781 | 7826 |
| Hyundai Capital America 1.65% 9/17/2026 <sup>(g)</sup>  | 950 | 937 |
| Hyundai Capital America 3.00% 2/10/2027 <sup>(g)</sup>  | 19500 | 19297 |
| Hyundai Capital America 4.85% 3/25/2027 <sup>(g)</sup>  | 25000 | 25228 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(g)</sup>  | 8450 | 8543 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(g)</sup>  | 12573 | 12778 |
| Hyundai Capital America 2.375% 10/15/2027 <sup>(g)</sup>  | 2371 | 2305 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(g)</sup>  | 11406 | 11598 |
| Hyundai Capital America 2.10% 9/15/2028 <sup>(g)</sup>  | 4125 | 3915 |
| Hyundai Capital America 4.25% 9/18/2028 <sup>(g)</sup>  | 2338 | 2342 |
| Hyundai Capital America 4.25% 1/8/2029 <sup>(g)</sup>  | 6745 | 6760 |
| Hyundai Capital America 5.30% 1/8/2030 <sup>(g)</sup>  | 18000 | 18559 |
| Hyundai Capital America 5.10% 6/24/2030 <sup>(g)</sup>  | 9959 | 10204 |
| Hyundai Capital America 4.50% 9/18/2030 <sup>(g)</sup>  | 1043 | 1044 |
| Hyundai Capital America 5.40% 1/8/2031 <sup>(g)</sup>  | 1995 | 2069 |
| Hyundai Capital Services, Inc. 1.25% 2/8/2026 <sup>(g)</sup>  | 3490 | 3488 |
| International Game Technology PLC 5.25% 1/15/2029 <sup>(g)</sup>  | 38300 | 38258 |
| KB Home 7.25% 7/15/2030  | 10295 | 10610 |
| Kontoor Brands, Inc. 4.125% 11/15/2029 <sup>(g)</sup>  | 5180 | 4933 |
| LCM Investments Holdings II, LLC 4.875% 5/1/2029 <sup>(g)</sup>  | 45987 | 45340 |
| LCM Investments Holdings II, LLC 8.25% 8/1/2031 <sup>(g)</sup>  | 22295 | 23500 |
| Levi Strauss & Co. 3.50% 3/1/2031 <sup>(g)</sup>  | 42030 | 39339 |
| Light and Wonder International, Inc. 7.25% 11/15/2029 <sup>(g)</sup>  | 3107 | 3191 |
| Light and Wonder International, Inc. 7.50% 9/1/2031 <sup>(g)</sup>  | 7895 | 8287 |
| Light and Wonder International, Inc. 6.25% 10/1/2033 <sup>(g)</sup>  | 21235 | 21510 |
| Lithia Motors, Inc. 3.875% 6/1/2029 <sup>(g)</sup>  | 37385 | 36185 |
| Lithia Motors, Inc. 5.50% 10/1/2030 <sup>(g)</sup>  | 19365 | 19462 |
| Lithia Motors, Inc. 4.375% 1/15/2031 <sup>(g)</sup>  | 4550 | 4382 |
| Marriott International, Inc. 4.90% 4/15/2029  | 2504 | 2560 |
| Marriott International, Inc. 2.75% 10/15/2033  | 3220 | 2814 |
| McDonald's Corp. 4.60% 9/9/2032  | 1790 | 1820 |
| Melco Resorts Finance, Ltd. 5.75% 7/21/2028 <sup>(g)</sup>  | 11330 | 11339 |
| MGM Resorts International 5.50% 4/15/2027  | 3617 | 3642 |
| Newell Brands, Inc. 8.50% 6/1/2028 <sup>(g)</sup>  | 15130 | 15874 |
| Newell Brands, Inc. 6.625% 9/15/2029  | 22945 | 22989 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 24145 | 23890 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 24710 | 24217 |
| Newell Brands, Inc. 7.375% 4/1/2036  | 4510 | 4368 |
| Nissan Motor Acceptance Co., LLC 6.125% 9/30/2030 <sup>(g)</sup>  | 43665 | 43575 |
| Nissan Motor Acceptance Corp. 2.00% 3/9/2026 <sup>(g)</sup>  | 16020 | 15960 |
| Nissan Motor Acceptance Corp. 6.95% 9/15/2026 <sup>(g)</sup>  | 1860 | 1886 |
| Nissan Motor Acceptance Corp. 1.85% 9/16/2026 <sup>(g)</sup>  | 17890 | 17531 |
| Nissan Motor Acceptance Corp. 2.75% 3/9/2028 <sup>(g)</sup>  | 19362 | 18468 |
| Nissan Motor Acceptance Corp. 2.45% 9/15/2028 <sup>(g)</sup>  | 9883 | 9200 |
| Nissan Motor Acceptance Corp. 7.05% 9/15/2028 <sup>(g)</sup>  | 9310 | 9661 |
| Nissan Motor Co., Ltd. 4.345% 9/17/2027 <sup>(g)</sup>  | 17914 | 17735 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(g)</sup>  | 42905 | 45088 |
| Nissan Motor Co., Ltd. 4.81% 9/17/2030 <sup>(g)</sup>  | 952 | 900 |
| Nissan Motor Co., Ltd. 7.75% 7/17/2032 <sup>(g)</sup>  | 41940 | 44300 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(g)</sup>  | 67010 | 71622 |
| Party City Holdings, Inc. 0% 8/27/2030 <sup>(b)</sup>  | 31139 | 623 |
| Penske Automotive Group, Inc. 3.75% 6/15/2029  | 7275 | 7033 |
| RHP Hotel Properties, LP 7.25% 7/15/2028 <sup>(g)</sup>  | 15445 | 15961 |
| RHP Hotel Properties, LP 4.50% 2/15/2029 <sup>(g)</sup>  | 22335 | 22030 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(g)</sup>  | 17660 | 18315 |
| Royal Caribbean Cruises, Ltd. 5.50% 4/1/2028 <sup>(g)</sup>  | 2000 | 2042 |
| Royal Caribbean Cruises, Ltd. 5.625% 9/30/2031 <sup>(g)</sup>  | 5495 | 5651 |

---

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 and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Royal Caribbean Cruises, Ltd. 6.00% 2/1/2033 <sup>(g)</sup>  | USD15,000 | $15467 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 11919 | 11949 |
| Sally Holdings, LLC 6.75% 3/1/2032  | 34980 | 36285 |
| Sands China, Ltd. 2.30% 3/8/2027  | 1477 | 1446 |
| Scientific Games Holdings, LP 6.625% 3/1/2030 <sup>(g)</sup>  | 6735 | 6151 |
| Service Corp. International 4.625% 12/15/2027  | 5715 | 5727 |
| Service Corp. International 3.375% 8/15/2030  | 3320 | 3107 |
| Service Corp. International 4.00% 5/15/2031  | 7200 | 6857 |
| Service Corp. International 5.75% 10/15/2032  | 11135 | 11326 |
| Six Flags Entertainment Corp. 8.625% 1/15/2032 <sup>(g)</sup>  | 8980 | 9170 |
| Somnigroup International, Inc. 4.00% 4/15/2029 <sup>(g)</sup>  | 4625 | 4490 |
| Sonic Automotive, Inc. 4.625% 11/15/2029 <sup>(g)</sup>  | 53085 | 52216 |
| Sonic Automotive, Inc. 4.875% 11/15/2031 <sup>(g)</sup>  | 46860 | 45209 |
| Starbucks Corp. 5.00% 2/15/2034  | 4165 | 4247 |
| Starbucks Corp. 5.40% 5/15/2035  | 8569 | 8885 |
| Station Casinos, LLC 6.625% 3/15/2032 <sup>(g)</sup>  | 9665 | 9891 |
| TopBuild Corp. 5.625% 1/31/2034 <sup>(g)</sup>  | 13320 | 13448 |
| Toyota Motor Credit Corp. 1.90% 1/13/2027  | 8500 | 8360 |
| Travel + Leisure Co. 4.50% 12/1/2029 <sup>(g)</sup>  | 18020 | 17578 |
| Universal Entertainment Corp. 9.875% 8/1/2029 <sup>(g)</sup>  | 3430 | 3376 |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(d)(g)</sup>  | 10760 | 10933 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(d)(g)</sup>  | 19955 | 20753 |
| Valvoline, Inc. 3.625% 6/15/2031 <sup>(g)</sup>  | 28499 | 26195 |
| Volkswagen Group of America Finance, LLC 4.45% 9/11/2027 <sup>(g)</sup>  | 8000 | 8028 |
| Volkswagen Group of America Finance, LLC 4.55% 9/11/2028 <sup>(g)</sup>  | 8000 | 8057 |
| Volkswagen Group of America Finance, LLC 4.95% 8/15/2029 <sup>(g)</sup>  | 4276 | 4344 |
| Volkswagen Group of America Finance, LLC 6.45% 11/16/2030 <sup>(g)</sup>  | 6880 | 7377 |
| Whirlpool Corp. 6.125% 6/15/2030  | 10405 | 10442 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(g)</sup>  | 20505 | 20278 |
| Wynn Resorts Finance, LLC 5.125% 10/1/2029 <sup>(g)</sup>  | 3745 | 3758 |
| Wynn Resorts Finance, LLC 7.125% 2/15/2031 <sup>(g)</sup>  | 13965 | 15055 |
| ZF North America Capital, Inc. 7.50% 3/24/2031 <sup>(g)</sup>  | 5045 | 5174 |
|  |  | 3135937 |
| **Energy 1.87%** | **Energy 1.87%** | **Energy 1.87%** |
| Antero Midstream Partners, LP 5.375% 6/15/2029 <sup>(g)</sup>  | 17795 | 17835 |
| Antero Midstream Partners, LP 6.625% 2/1/2032 <sup>(g)</sup>  | 2430 | 2526 |
| Antero Midstream Partners, LP 5.75% 7/1/2034 <sup>(g)</sup>  | 18060 | 18252 |
| APA Corp. 5.35% 7/1/2049  | 1060 | 897 |
| Archrock Partners, LP 6.625% 9/1/2032 <sup>(g)</sup>  | 3520 | 3651 |
| Archrock Services, LP 6.00% 2/1/2034 <sup>(g)</sup>  | 6385 | 6383 |
| Ascent Resources Utica Holdings, LLC 9.00% 11/1/2027 <sup>(g)</sup>  | 959 | 1182 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(g)</sup>  | 24790 | 24976 |
| Ascent Resources Utica Holdings, LLC 6.625% 10/15/2032 <sup>(g)</sup>  | 25230 | 26162 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(g)</sup>  | 13715 | 14211 |
| Baker Hughes Holdings, LLC 4.486% 5/1/2030  | 1400 | 1416 |
| BIP-V Chinook Holdco, LLC 5.50% 6/15/2031 <sup>(g)</sup>  | 36675 | 36491 |
| Blue Racer Midstream, LLC 7.00% 7/15/2029 <sup>(g)</sup>  | 4095 | 4270 |
| Blue Racer Midstream, LLC 7.25% 7/15/2032 <sup>(g)</sup>  | 3045 | 3230 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(g)</sup>  | 42700 | 43890 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(g)</sup>  | 1865 | 1909 |
| Canadian Natural Resources, Ltd. 3.85% 6/1/2027  | 200 | 200 |
| Canadian Natural Resources, Ltd. 4.95% 6/1/2047  | 534 | 473 |
| Caturus Energy, LLC 8.50% 2/15/2030 <sup>(g)</sup>  | 9105 | 9499 |
| Cheniere Energy, Inc. 4.625% 10/15/2028  | 22775 | 22776 |
| Chord Energy Corp. 6.75% 3/15/2033 <sup>(g)</sup>  | 20320 | 21077 |
| CITGO Petroleum Corp. 8.375% 1/15/2029 <sup>(g)</sup>  | 32845 | 34237 |
| CNX Midstream Partners, LP 4.75% 4/15/2030 <sup>(g)</sup>  | 8065 | 7841 |
| CNX Resources Corp. 6.00% 1/15/2029 <sup>(g)</sup>  | 37027 | 37262 |
| CNX Resources Corp. 7.375% 1/15/2031 <sup>(g)</sup>  | 25699 | 26702 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(g)</sup>  | 25880 | 27093 |
| Comstock Resources, Inc. 6.75% 3/1/2029 <sup>(g)</sup>  | 22880 | 23040 |
| Comstock Resources, Inc. 5.875% 1/15/2030 <sup>(g)</sup>  | 18845 | 18399 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029 <sup>(g)</sup>  | 51000 | 53366 |
| Constellation Oil Services Holding SA 9.375% 11/7/2029  | 3460 | 3621 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(g)</sup>  | USD26,270 | $27047 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(g)</sup>  | 11750 | 11661 |
| Crescent Energy Finance, LLC 7.875% 4/15/2032 <sup>(g)</sup>  | 15465 | 15396 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(g)</sup>  | 32175 | 31155 |
| Crescent Energy Finance, LLC 8.375% 1/15/2034 <sup>(g)</sup>  | 13055 | 13188 |
| Devon Energy Corp. 4.50% 1/15/2030  | 3138 | 3158 |
| Devon Energy Corp. 5.20% 9/15/2034  | 3183 | 3211 |
| Devon Energy Corp. 5.75% 9/15/2054  | 12317 | 11710 |
| Diamond Foreign Asset Co. 8.50% 10/1/2030 <sup>(g)</sup>  | 4545 | 4836 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 4482 | 4285 |
| DT Midstream, Inc. 4.125% 6/15/2029 <sup>(g)</sup>  | 8935 | 8835 |
| DT Midstream, Inc. 4.375% 6/15/2031 <sup>(g)</sup>  | 9670 | 9484 |
| Ecopetrol SA 8.875% 1/13/2033  | 33219 | 35727 |
| Energy Transfer, LP 7.375% 2/1/2031 <sup>(g)</sup>  | 14441 | 14988 |
| Enterprise Products Operating, LLC 4.60% 1/15/2031  | 657 | 666 |
| Enterprise Products Operating, LLC 5.20% 1/15/2036  | 1842 | 1875 |
| Enterprise Products Operating, LLC 3.20% 2/15/2052  | 400 | 265 |
| EOG Resources, Inc. 4.40% 1/15/2031  | 1673 | 1676 |
| EOG Resources, Inc. 5.65% 12/1/2054  | 4909 | 4827 |
| Equinor ASA 4.25% 11/23/2041  | 3000 | 2662 |
| Expand Energy Corp. 4.875% 4/15/2022 <sup>(k)</sup>  | 28085 | 4 |
| Expand Energy Corp. 4.75% 2/1/2032  | 975 | 966 |
| Exxon Mobil Corp. 2.44% 8/16/2029  | 65 | 62 |
| Genesis Energy, LP 7.75% 2/1/2028  | 15880 | 15957 |
| Genesis Energy, LP 8.25% 1/15/2029  | 28935 | 30179 |
| Genesis Energy, LP 8.875% 4/15/2030  | 31359 | 33021 |
| Genesis Energy, LP 7.875% 5/15/2032  | 22295 | 23278 |
| Global Partners, LP 8.25% 1/15/2032 <sup>(g)</sup>  | 7690 | 8110 |
| Global Partners, LP 7.125% 7/1/2033 <sup>(g)</sup>  | 5730 | 5873 |
| Harvest Midstream I, LP 7.50% 9/1/2028 <sup>(g)</sup>  | 21620 | 21929 |
| Harvest Midstream I, LP 7.50% 5/15/2032 <sup>(g)</sup>  | 18570 | 19411 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(g)</sup>  | 5150 | 5250 |
| Hess Midstream Operations, LP 5.125% 6/15/2028 <sup>(g)</sup>  | 14435 | 14446 |
| Hess Midstream Operations, LP 6.50% 6/1/2029 <sup>(g)</sup>  | 7135 | 7389 |
| Hess Midstream Operations, LP 4.25% 2/15/2030 <sup>(g)</sup>  | 5020 | 4906 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(g)</sup>  | 8545 | 8664 |
| Hilcorp Energy I, LP 5.75% 2/1/2029 <sup>(g)</sup>  | 1410 | 1411 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(g)</sup>  | 17350 | 17085 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(g)</sup>  | 25185 | 24340 |
| Hilcorp Energy I, LP 6.25% 4/15/2032 <sup>(g)</sup>  | 3840 | 3685 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(g)</sup>  | 18035 | 18735 |
| Hilcorp Energy I, LP 6.875% 5/15/2034 <sup>(g)</sup>  | 5350 | 5159 |
| Kinder Morgan Energy Partners, LP 4.70% 11/1/2042  | 33265 | 29837 |
| Kinder Morgan Energy Partners, LP 5.00% 3/1/2043  | 20000 | 18423 |
| Kinder Morgan, Inc. 5.00% 2/1/2029  | 3 | 3 |
| Kinder Morgan, Inc. 5.40% 2/1/2034  | 890 | 921 |
| Kinder Morgan, Inc. 5.45% 8/1/2052  | 264 | 248 |
| Kodiak Gas Services, LLC 7.25% 2/15/2029 <sup>(g)</sup>  | 16690 | 17321 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(g)</sup>  | 1760 | 1804 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(g)</sup>  | 1760 | 1820 |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(g)</sup>  | 11845 | 12068 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(g)</sup>  | 10760 | 10850 |
| Mesquite Energy, Inc. 7.25% 2/15/2023 <sup>(g)(k)</sup>  | 5374 | 27 |
| MPLX, LP 1.75% 3/1/2026  | 1950 | 1946 |
| MPLX, LP 5.40% 9/15/2035  | 2372 | 2392 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 5070 | 5068 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(g)</sup>  | 38225 | 40396 |
| Nabors Industries, Inc. 7.625% 11/15/2032 <sup>(g)</sup>  | 35540 | 36226 |
| New Fortress Energy, Inc. 6.50% 9/30/2026 <sup>(g)</sup>  | 13935 | 1313 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(g)(k)</sup>  | 296698 | 105125 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(g)</sup>  | 33050 | 34471 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(g)</sup>  | 39610 | 40996 |
| Northern Oil and Gas, Inc. 7.875% 10/15/2033 <sup>(g)</sup>  | 21455 | 21676 |
| NuStar Logistics, LP 6.00% 6/1/2026  | 9165 | 9197 |
| NuStar Logistics, LP 5.625% 4/28/2027  | 6754 | 6838 |
| Occidental Petroleum Corp. 8.875% 7/15/2030  | 34900 | 40293 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Occidental Petroleum Corp. 6.625% 9/1/2030  | USD42,000 | $45183 |
| Occidental Petroleum Corp. 5.375% 1/1/2032  | 23000 | 23668 |
| Occidental Petroleum Corp. 5.55% 10/1/2034  | 34622 | 35435 |
| Occidental Petroleum Corp. 6.45% 9/15/2036  | 4428 | 4726 |
| Permian Resources Operating, LLC 8.00% 4/15/2027 <sup>(g)</sup>  | 8455 | 8537 |
| Permian Resources Operating, LLC 5.875% 7/1/2029 <sup>(g)</sup>  | 650 | 653 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(g)</sup>  | 16931 | 18173 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(g)</sup>  | 12880 | 13510 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(g)</sup>  | 13335 | 13745 |
| Petroleos Mexicanos 6.49% 1/23/2027  | 2663 | 2701 |
| Petroleos Mexicanos 6.50% 3/13/2027  | 9370 | 9547 |
| Petroleos Mexicanos 5.35% 2/12/2028  | 4967 | 5012 |
| Petroleos Mexicanos 6.50% 1/23/2029  | 865 | 882 |
| Petroleos Mexicanos 8.75% 6/2/2029  | 32208 | 34602 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 25862 | 26544 |
| Petroleos Mexicanos 5.95% 1/28/2031  | 54032 | 52745 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 123631 | 123509 |
| Petroleos Mexicanos 10.00% 2/7/2033  | 18000 | 20995 |
| Petroleos Mexicanos 6.625% 6/15/2035  | 12000 | 11441 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 21028 | 18933 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 34817 | 28381 |
| Plains All American Pipeline, LP 3.80% 9/15/2030  | 450 | 438 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(g)</sup>  | 4415 | 4357 |
| Saudi Arabian Oil Co. 4.00% 2/2/2029 <sup>(g)</sup>  | 11435 | 11371 |
| Saudi Arabian Oil Co. 4.375% 2/2/2031 <sup>(g)</sup>  | 33866 | 33593 |
| Saudi Arabian Oil Co. 5.00% 2/2/2036 <sup>(g)</sup>  | 2793 | 2750 |
| Saudi Arabian Oil Co. 6.00% 2/2/2056 <sup>(g)</sup>  | 2500 | 2443 |
| Seadrill Finance, Ltd. 8.375% 8/1/2030 <sup>(g)</sup>  | 10965 | 11496 |
| SM Energy Co. 8.375% 7/1/2028 <sup>(g)</sup>  | 16625 | 17133 |
| SM Energy Co. 6.50% 7/15/2028  | 2975 | 3020 |
| SM Energy Co. 8.625% 11/1/2030 <sup>(g)</sup>  | 7165 | 7582 |
| SM Energy Co. 8.75% 7/1/2031 <sup>(g)</sup>  | 31405 | 33026 |
| SM Energy Co. 9.625% 6/15/2033 <sup>(g)</sup>  | 5980 | 6543 |
| South Bow USA Infrastructure Holdings, LLC 5.026% 10/1/2029  | 2952 | 2998 |
| Suburban Propane Partners, LP 5.00% 6/1/2031 <sup>(g)</sup>  | 6125 | 5886 |
| Summit Midstream Holdings, LLC 8.625% 10/31/2029 <sup>(g)</sup>  | 19570 | 20457 |
| Sunoco, LP 6.00% 4/15/2027  | 12160 | 12179 |
| Sunoco, LP 5.875% 3/15/2028  | 12700 | 12735 |
| Sunoco, LP 7.00% 9/15/2028 <sup>(g)</sup>  | 14945 | 15439 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(g)</sup>  | 10240 | 10654 |
| Sunoco, LP 4.50% 5/15/2029  | 14025 | 13812 |
| Sunoco, LP 4.50% 10/1/2029 <sup>(g)</sup>  | 1735 | 1702 |
| Sunoco, LP 4.50% 4/30/2030  | 6950 | 6790 |
| Sunoco, LP 4.625% 5/1/2030 <sup>(g)</sup>  | 5545 | 5410 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(g)</sup>  | 7715 | 7766 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(g)</sup>  | 1385 | 1466 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(g)</sup>  | 14590 | 14974 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(g)</sup>  | 8715 | 8742 |
| Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 4.23% on 9/18/2030) <sup>(g)(j)</sup>  | 14755 | 15207 |
| Superior Plus, LP 4.50% 3/15/2029 <sup>(g)</sup>  | 9082 | 8878 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(g)</sup>  | 8450 | 8811 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(g)</sup>  | 13725 | 14548 |
| Tidewater, Inc. 9.125% 7/15/2030 <sup>(g)</sup>  | 4155 | 4497 |
| TotalEnergies Capital SA 5.275% 9/10/2054  | 7500 | 7093 |
| TotalEnergies Capital USA, LLC 4.248% 1/13/2031  | 21927 | 21932 |
| TransCanada Pipelines, Ltd. 4.10% 4/15/2030  | 4504 | 4458 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(g)</sup>  | 1267 | 1322 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(g)</sup>  | 2435 | 2570 |
| Transocean Titan Financing, Ltd. 8.375% 2/1/2028 <sup>(g)</sup>  | 25070 | 25655 |
| Transocean, Inc. 8.25% 5/15/2029 <sup>(g)</sup>  | 9080 | 9256 |
| Transocean, Inc. 8.50% 5/15/2031 <sup>(g)</sup>  | 14395 | 14663 |
| USA Compression Partners, LP 6.25% 10/1/2033 <sup>(g)</sup>  | 17450 | 17685 |
| Valero Energy Corp. 4.00% 4/1/2029  | 5000 | 4975 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(g)</sup>  | 20300 | 19295 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(g)</sup>  | 9201 | 9434 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(g)</sup>  | USD40,865 | $37730 |
| Venture Global Calcasieu Pass, LLC 3.875% 11/1/2033 <sup>(g)</sup>  | 1900 | 1650 |
| Venture Global LNG, Inc. 8.125% 6/1/2028 <sup>(g)</sup>  | 12415 | 12718 |
| Venture Global LNG, Inc. 7.00% 1/15/2030 <sup>(g)</sup>  | 16110 | 16220 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(g)</sup>  | 75260 | 77026 |
| Venture Global LNG, Inc. 9.875% 2/1/2032 <sup>(g)</sup>  | 21190 | 22417 |
| Venture Global Plaquemines LNG, LLC 6.125% 12/15/2030 <sup>(g)</sup>  | 15889 | 16362 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(g)</sup>  | 22745 | 24951 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(g)</sup>  | 15050 | 15626 |
| Venture Global Plaquemines LNG, LLC 6.50% 6/15/2034 <sup>(g)</sup>  | 8475 | 8781 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(g)</sup>  | 14885 | 16606 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(g)</sup>  | 31050 | 32563 |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(g)</sup>  | 31671 | 32439 |
| Weatherford International, Ltd. 6.75% 10/15/2033 <sup>(g)</sup>  | 6800 | 7046 |
|  |  | 2694736 |
| **Health care 1.41%** | **Health care 1.41%** | **Health care 1.41%** |
| 1261229 B.C., Ltd. 10.00% 4/15/2032 <sup>(g)</sup>  | 65663 | 67453 |
| AbbVie, Inc. 4.95% 3/15/2031  | 20925 | 21625 |
| AbbVie, Inc. 5.05% 3/15/2034  | 1050 | 1077 |
| AbbVie, Inc. 4.55% 3/15/2035  | 6750 | 6642 |
| AbbVie, Inc. 5.20% 3/15/2035  | 5093 | 5254 |
| AbbVie, Inc. 5.35% 3/15/2044  | 375 | 372 |
| AbbVie, Inc. 4.75% 3/15/2045  | 1203 | 1097 |
| AbbVie, Inc. 5.40% 3/15/2054  | 10500 | 10191 |
| AbbVie, Inc. 5.60% 3/15/2055  | 3451 | 3453 |
| Accendra Health, Inc. 4.50% 3/31/2029 <sup>(g)</sup>  | 66750 | 43973 |
| Accendra Health, Inc. 6.625% 4/1/2030 <sup>(g)</sup>  | 36597 | 20616 |
| AdaptHealth, LLC 6.125% 8/1/2028 <sup>(g)</sup>  | 420 | 422 |
| AdaptHealth, LLC 4.625% 8/1/2029 <sup>(g)</sup>  | 12905 | 12472 |
| AdaptHealth, LLC 5.125% 3/1/2030 <sup>(g)</sup>  | 6015 | 5845 |
| Amgen, Inc. 5.25% 3/2/2033  | 15668 | 16219 |
| Amgen, Inc. 5.60% 3/2/2043  | 6753 | 6807 |
| Amgen, Inc. 5.65% 3/2/2053  | 8387 | 8261 |
| Amgen, Inc. 4.40% 2/22/2062  | 3249 | 2552 |
| Amgen, Inc. 5.75% 3/2/2063  | 1847 | 1807 |
| AstraZeneca Finance, LLC 1.75% 5/28/2028  | 5612 | 5364 |
| AstraZeneca Finance, LLC 4.90% 2/26/2031  | 4050 | 4187 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 8375 | 8628 |
| Avantor Funding, Inc. 4.625% 7/15/2028 <sup>(g)</sup>  | 13775 | 13676 |
| Avantor Funding, Inc. 3.875% 11/1/2029 <sup>(g)</sup>  | 29725 | 28560 |
| Bausch + Lomb Corp. 8.375% 10/1/2028 <sup>(g)</sup>  | 17435 | 18198 |
| Bausch Health Americas, Inc. 8.50% 1/31/2027 <sup>(g)</sup>  | 37720 | 37554 |
| Bausch Health Cos., Inc. 4.875% 6/1/2028 <sup>(g)</sup>  | 289 | 268 |
| Baxter International, Inc. 1.915% 2/1/2027  | 4235 | 4148 |
| Baxter International, Inc. 2.272% 12/1/2028  | 5534 | 5246 |
| Baxter International, Inc. 4.45% 2/15/2029  | 369 | 370 |
| Baxter International, Inc. 4.90% 12/15/2030  | 1984 | 2000 |
| Baxter International, Inc. 5.65% 12/15/2035  | 404 | 408 |
| Bayer US Finance II, LLC 4.40% 7/15/2044 <sup>(g)</sup>  | 13090 | 10603 |
| Bayer US Finance, LLC 6.125% 11/21/2026 <sup>(g)</sup>  | 9951 | 10093 |
| Bayer US Finance, LLC 6.25% 1/21/2029 <sup>(g)</sup>  | 5902 | 6206 |
| BioMarin Pharmaceutical, Inc. 5.50% 2/15/2034 <sup>(g)</sup>  | 13585 | 13640 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 18525 | 19174 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 1500 | 1469 |
| Centene Corp. 4.25% 12/15/2027  | 29109 | 28950 |
| Centene Corp. 2.45% 7/15/2028  | 15555 | 14644 |
| Centene Corp. 4.625% 12/15/2029  | 24871 | 24256 |
| Centene Corp. 3.375% 2/15/2030  | 20203 | 18647 |
| Centene Corp. 3.00% 10/15/2030  | 1760 | 1577 |
| Centene Corp. 2.50% 3/1/2031  | 32360 | 28000 |
| Centene Corp. 2.625% 8/1/2031  | 16982 | 14615 |
| Charles River Laboratories International, Inc. 4.25% 5/1/2028 <sup>(g)</sup>  | 27840 | 27506 |
| CHS / Community Health Systems, Inc. 6.00% 1/15/2029 <sup>(g)</sup>  | 900 | 898 |
| CHS / Community Health Systems, Inc. 6.875% 4/15/2029 <sup>(g)</sup>  | 11400 | 10493 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| CHS / Community Health Systems, Inc. 5.25% 5/15/2030 <sup>(g)</sup>  | USD38,125 | $35977 |
| CHS / Community Health Systems, Inc. 4.75% 2/15/2031 <sup>(g)</sup>  | 8075 | 7250 |
| CHS / Community Health Systems, Inc. 10.875% 1/15/2032 <sup>(g)</sup>  | 17882 | 19273 |
| Cigna Group (The) 4.875% 9/15/2032  | 2000 | 2025 |
| Cigna Group (The) 5.25% 1/15/2036  | 13439 | 13632 |
| Cigna Group (The) 6.00% 1/15/2056  | 8878 | 9061 |
| CVS Health Corp. 5.00% 1/30/2029  | 7413 | 7575 |
| CVS Health Corp. 5.40% 6/1/2029  | 9561 | 9902 |
| CVS Health Corp. 5.55% 6/1/2031  | 7012 | 7334 |
| CVS Health Corp. 5.00% 9/15/2032  | 526 | 535 |
| CVS Health Corp. 5.70% 6/1/2034  | 8598 | 8947 |
| CVS Health Corp. 5.45% 9/15/2035  | 895 | 911 |
| CVS Health Corp. 6.20% 9/15/2055  | 8259 | 8347 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(g)</sup>  | 14595 | 14050 |
| DaVita, Inc. 3.75% 2/15/2031 <sup>(g)</sup>  | 20865 | 19154 |
| DaVita, Inc. 6.875% 9/1/2032 <sup>(g)</sup>  | 7235 | 7457 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(g)</sup>  | 20730 | 21292 |
| Elevance Health, Inc. 5.20% 2/15/2035  | 2213 | 2247 |
| Elevance Health, Inc. 5.00% 1/15/2036  | 1627 | 1615 |
| Elevance Health, Inc. 5.125% 2/15/2053  | 1296 | 1167 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 12750 | 12433 |
| Eli Lilly and Co. 5.10% 2/12/2035  | 14179 | 14620 |
| Eli Lilly and Co. 4.90% 10/15/2035  | 3000 | 3037 |
| Eli Lilly and Co. 5.55% 10/15/2055  | 1259 | 1262 |
| Encompass Health Corp. 4.50% 2/1/2028  | 13743 | 13686 |
| Encompass Health Corp. 4.75% 2/1/2030  | 4560 | 4542 |
| Endo Finance Holdings, LP 8.50% 4/15/2031 <sup>(g)</sup>  | 40740 | 43158 |
| GE HealthCare Technologies, Inc. 4.80% 8/14/2029  | 2726 | 2782 |
| Gilead Sciences, Inc. 5.25% 10/15/2033  | 7353 | 7706 |
| Gilead Sciences, Inc. 5.55% 10/15/2053  | 3059 | 3041 |
| Humana, Inc. 5.375% 4/15/2031  | 6292 | 6447 |
| Humana, Inc. 5.55% 5/1/2035  | 10618 | 10652 |
| Humana, Inc. 5.75% 4/15/2054  | 2916 | 2689 |
| IQVIA, Inc. 5.00% 5/15/2027 <sup>(g)</sup>  | 11510 | 11520 |
| IQVIA, Inc. 6.50% 5/15/2030 <sup>(g)</sup>  | 37505 | 38878 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(g)</sup>  | 23110 | 24039 |
| Jazz Securities DAC 4.375% 1/15/2029 <sup>(g)</sup>  | 14125 | 13905 |
| Medline Borrower, LP 3.875% 4/1/2029 <sup>(g)</sup>  | 7795 | 7627 |
| Medline Borrower, LP 6.25% 4/1/2029 <sup>(g)</sup>  | 30169 | 31176 |
| Medline Borrower, LP 5.25% 10/1/2029 <sup>(g)</sup>  | 31235 | 31309 |
| Medtronic Global Holdings S.C.A. 4.25% 3/30/2028  | 5455 | 5497 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(g)</sup>  | 25995 | 25548 |
| Molina Healthcare, Inc. 3.875% 11/15/2030 <sup>(g)</sup>  | 14335 | 13233 |
| Molina Healthcare, Inc. 6.50% 2/15/2031 <sup>(g)</sup>  | 13455 | 13806 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(g)</sup>  | 88220 | 79459 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(g)</sup>  | 33245 | 33502 |
| Novant Health, Inc. 3.168% 11/1/2051  | 5000 | 3329 |
| Perrigo Finance Unlimited Co. 6.125% 9/30/2032  | 12895 | 12694 |
| Pfizer, Inc. 4.50% 11/15/2032  | 16500 | 16557 |
| Pfizer, Inc. 5.60% 11/15/2055  | 3000 | 2983 |
| Pfizer, Inc. 5.70% 11/15/2065  | 2000 | 1973 |
| Radiology Partners, Inc. 9.781% PIK 2/15/2030 <sup>(g)(h)</sup>  | 38253 | 38300 |
| Radiology Partners, Inc. 8.50% 7/15/2032 <sup>(g)</sup>  | 65015 | 68345 |
| Rede D'Or Finance SARL 4.95% 1/17/2028  | 200 | 200 |
| Rede D'Or Finance SARL 4.50% 1/22/2030  | 400 | 390 |
| Roche Holdings, Inc. 4.203% 9/9/2029 <sup>(g)</sup>  | 6953 | 7002 |
| Roche Holdings, Inc. 4.592% 9/9/2034 <sup>(g)</sup>  | 3703 | 3696 |
| Summa Health 3.511% 11/15/2051  | 2150 | 1601 |
| Surgery Center Holdings, Inc. 7.25% 4/15/2032 <sup>(g)</sup>  | 36500 | 36794 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 16803 | 17017 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 1547 | 1572 |
| Tenet Healthcare Corp. 5.125% 11/1/2027  | 3750 | 3753 |
| Tenet Healthcare Corp. 4.625% 6/15/2028  | 5630 | 5617 |
| Tenet Healthcare Corp. 6.125% 10/1/2028  | 12250 | 12270 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 17140 | 16853 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 14510 | 15080 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | USD19,453 | $19308 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 47053 | 47089 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 181221 | 188296 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 129715 | 131032 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 18636 | 20448 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2900 | 3330 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 22170 | 23224 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 9379 | 7182 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 31820 | 32971 |
| UnitedHealth Group, Inc. 4.95% 1/15/2032  | 9261 | 9480 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 7300 | 7450 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 11177 | 11506 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 9300 | 9062 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 9877 | 10096 |
| Viatris, Inc. 4.00% 6/22/2050  | 4284 | 2877 |
|  |  | 2038198 |
| **Information technology 1.02%** | **Information technology 1.02%** | **Information technology 1.02%** |
| Accenture Capital, Inc. 4.25% 10/4/2031  | 8263 | 8267 |
| Accenture Capital, Inc. 4.50% 10/4/2034  | 7868 | 7741 |
| Amphenol Corp. 4.625% 2/15/2036  | 21297 | 20838 |
| Amphenol Corp. 5.30% 11/15/2055  | 10325 | 9856 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(g)</sup>  | 36330 | 38785 |
| Analog Devices, Inc. 5.05% 4/1/2034  | 3616 | 3731 |
| Analog Devices, Inc. 5.30% 4/1/2054  | 4974 | 4809 |
| Broadcom, Inc. 4.35% 2/15/2030  | 3269 | 3288 |
| Broadcom, Inc. 5.15% 11/15/2031  | 938 | 973 |
| Broadcom, Inc. 4.55% 2/15/2032  | 911 | 911 |
| Broadcom, Inc. 4.80% 10/15/2034  | 929 | 928 |
| Broadcom, Inc. 5.20% 7/15/2035  | 14887 | 15218 |
| Broadcom, Inc. 4.80% 2/15/2036  | 1929 | 1905 |
| Broadcom, Inc. 3.187% 11/15/2036 <sup>(g)</sup>  | 239 | 203 |
| Broadcom, Inc. 4.90% 2/15/2038  | 12995 | 12725 |
| Cisco Systems, Inc. 5.10% 2/24/2035  | 17098 | 17535 |
| Cloud Software Group, Inc. 6.50% 3/31/2029 <sup>(g)</sup>  | 50210 | 49948 |
| Cloud Software Group, Inc. 9.00% 9/30/2029 <sup>(g)</sup>  | 82130 | 83029 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(g)</sup>  | 30225 | 30772 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(g)</sup>  | 19205 | 18429 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(d)(g)</sup>  | 118485 | 125781 |
| Ellucian Holdings, Inc. 6.50% 12/1/2029 <sup>(g)</sup>  | 18775 | 18523 |
| Entegris, Inc. 3.625% 5/1/2029 <sup>(g)</sup>  | 30000 | 28938 |
| Fair Isaac Corp. 4.00% 6/15/2028 <sup>(g)</sup>  | 16730 | 16465 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(g)</sup>  | 34600 | 35275 |
| Gartner, Inc. 4.50% 7/1/2028 <sup>(g)</sup>  | 14275 | 14243 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 149996 | 141991 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 133366 | 117120 |
| Intel Corp. 5.20% 2/10/2033  | 16000 | 16323 |
| Intel Corp. 3.05% 8/12/2051  | 2040 | 1272 |
| Intel Corp. 4.90% 8/5/2052  | 9000 | 7565 |
| Intel Corp. 5.60% 2/21/2054  | 10509 | 9861 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 8175 | 8367 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(g)</sup>  | 59983 | 64315 |
| NCR Voyix Corp. 5.125% 4/15/2029 <sup>(g)</sup>  | 4281 | 4223 |
| Oracle Corp. 3.25% 11/15/2027  | 5000 | 4905 |
| Oracle Corp. 4.80% 9/26/2032  | 35000 | 33898 |
| Oracle Corp. 6.25% 11/9/2032  | 25176 | 26289 |
| Oracle Corp. 5.20% 9/26/2035  | 54330 | 51806 |
| Oracle Corp. 5.875% 9/26/2045  | 37430 | 33682 |
| Oracle Corp. 6.00% 8/3/2055  | 10956 | 9599 |
| Oracle Corp. 5.95% 9/26/2055  | 31264 | 27594 |
| Oracle Corp. 6.10% 9/26/2065  | 17012 | 14837 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 559 | 558 |
| Shift4 Payments, LLC 6.75% 8/15/2032 <sup>(g)</sup>  | 14530 | 14831 |
| Synaptics, Inc. 4.00% 6/15/2029 <sup>(g)</sup>  | 3700 | 3597 |
| Synopsys, Inc. 4.85% 4/1/2030  | 7467 | 7622 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Information technology (continued)** | **Information technology (continued)** | **Information technology (continued)** |
| Synopsys, Inc. 5.15% 4/1/2035  | USD8,029 | $8142 |
| Synopsys, Inc. 5.70% 4/1/2055  | 4101 | 4049 |
| Texas Instruments, Inc. 4.60% 2/8/2029  | 4408 | 4507 |
| Texas Instruments, Inc. 4.85% 2/8/2034  | 2294 | 2352 |
| Texas Instruments, Inc. 5.10% 5/23/2035  | 8250 | 8509 |
| Texas Instruments, Inc. 5.15% 2/8/2054  | 8750 | 8303 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(g)</sup>  | 13825 | 13825 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(g)</sup>  | 23393 | 22213 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(g)</sup>  | 95464 | 95574 |
| Viasat, Inc. 6.50% 7/15/2028 <sup>(g)</sup>  | 27508 | 27178 |
| Viasat, Inc. 7.50% 5/30/2031 <sup>(g)</sup>  | 68280 | 66392 |
| Viavi Solutions, Inc. 3.75% 10/1/2029 <sup>(g)</sup>  | 4675 | 4448 |
| VoltaGrid, LLC 7.375% 11/1/2030 <sup>(g)</sup>  | 4520 | 4580 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(f)(h)</sup>  | 14646 | 15910 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(g)</sup>  | 17350 | 18113 |
|  |  | 1473466 |
| **Real estate 0.97%** | **Real estate 0.97%** | **Real estate 0.97%** |
| Alexandria Real Estate Equities, Inc. 3.95% 1/15/2028  | 975 | 973 |
| Alexandria Real Estate Equities, Inc. 2.75% 12/15/2029  | 4851 | 4580 |
| Alexandria Real Estate Equities, Inc. 3.375% 8/15/2031  | 2375 | 2226 |
| Alexandria Real Estate Equities, Inc. 1.875% 2/1/2033  | 4323 | 3550 |
| American Tower Corp. 3.55% 7/15/2027  | 2525 | 2508 |
| American Tower Corp. 2.30% 9/15/2031  | 2000 | 1781 |
| American Tower Corp. 2.95% 1/15/2051  | 4250 | 2706 |
| Anywhere Real Estate Group, LLC 5.75% 1/15/2029 <sup>(g)</sup>  | 18200 | 17970 |
| Anywhere Real Estate Group, LLC 5.25% 4/15/2030 <sup>(g)</sup>  | 18410 | 17573 |
| Boston Properties, LP 6.75% 12/1/2027  | 25000 | 26131 |
| Boston Properties, LP 2.90% 3/15/2030  | 2310 | 2171 |
| Boston Properties, LP 3.25% 1/30/2031  | 10206 | 9582 |
| Boston Properties, LP 2.55% 4/1/2032  | 4508 | 3943 |
| Boston Properties, LP 2.45% 10/1/2033  | 12250 | 10133 |
| Boston Properties, LP 6.50% 1/15/2034  | 4363 | 4683 |
| Boston Properties, LP 5.75% 1/15/2035  | 7472 | 7657 |
| Equinix, Inc. 1.45% 5/15/2026  | 13335 | 13239 |
| Extra Space Storage, LP 2.35% 3/15/2032  | 1949 | 1704 |
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(g)</sup>  | 37785 | 38657 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(g)</sup>  | 79990 | 80017 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(g)</sup>  | 62975 | 60956 |
| Howard Hughes Corp. (The) 4.375% 2/1/2031 <sup>(g)</sup>  | 91075 | 86328 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 5875 | 4989 |
| Invitation Homes Operating Partnership, LP 2.00% 8/15/2031  | 3300 | 2875 |
| Iron Mountain, Inc. 4.875% 9/15/2027 <sup>(g)</sup>  | 6865 | 6864 |
| Iron Mountain, Inc. 5.00% 7/15/2028 <sup>(g)</sup>  | 11466 | 11447 |
| Iron Mountain, Inc. 4.875% 9/15/2029 <sup>(g)</sup>  | 9300 | 9187 |
| Iron Mountain, Inc. 5.25% 7/15/2030 <sup>(g)</sup>  | 33830 | 33520 |
| Iron Mountain, Inc. 4.50% 2/15/2031 <sup>(g)</sup>  | 43400 | 41503 |
| Iron Mountain, Inc. 6.25% 1/15/2033 <sup>(g)</sup>  | 18170 | 18372 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 39392 | 38578 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 66356 | 63828 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 39753 | 38216 |
| Ladder Capital Finance Holdings LLLP 4.25% 2/1/2027 <sup>(g)</sup>  | 26434 | 26303 |
| Ladder Capital Finance Holdings LLLP 4.75% 6/15/2029 <sup>(g)</sup>  | 3335 | 3309 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 18049 | 18565 |
| Ladder Capital Finance Holdings LLLP 7.00% 7/15/2031 <sup>(g)</sup>  | 7535 | 7999 |
| MPT Operating Partnership, LP 5.00% 10/15/2027  | 162821 | 159290 |
| MPT Operating Partnership, LP 4.625% 8/1/2029  | 24890 | 21360 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 1175 | 872 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(g)</sup>  | 100351 | 107570 |
| Park Intermediate Holdings, LLC 5.875% 10/1/2028 <sup>(g)</sup>  | 5010 | 5013 |
| Park Intermediate Holdings, LLC 4.875% 5/15/2029 <sup>(g)</sup>  | 22600 | 22122 |
| Park Intermediate Holdings, LLC 7.00% 2/1/2030 <sup>(g)</sup>  | 8695 | 8964 |
| Pebblebrook Hotel, LP 6.375% 10/15/2029 <sup>(g)</sup>  | 29400 | 30075 |
| Piedmont Operating Partnership, LP 5.625% 1/15/2033  | 1912 | 1923 |
| Prologis, LP 4.875% 6/15/2028  | 3841 | 3929 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Real estate (continued)** | **Real estate (continued)** | **Real estate (continued)** |
| Prologis, LP 4.75% 6/15/2033  | USD2,957 | $2974 |
| Prologis, LP 5.00% 3/15/2034  | 3445 | 3501 |
| Prologis, LP 5.00% 1/31/2035  | 1721 | 1738 |
| Public Storage Operating Co. 1.85% 5/1/2028  | 8037 | 7684 |
| Public Storage Operating Co. 1.95% 11/9/2028  | 8107 | 7686 |
| Public Storage Operating Co. 2.30% 5/1/2031  | 3242 | 2940 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(g)</sup>  | 2120 | 2109 |
| RLJ Lodging Trust, LP 4.00% 9/15/2029 <sup>(g)</sup>  | 6265 | 5965 |
| SBA Communications Corp. 3.125% 2/1/2029  | 3255 | 3111 |
| Scentre Group Trust 1 3.75% 3/23/2027 <sup>(g)</sup>  | 2500 | 2493 |
| Service Properties Trust 4.95% 2/15/2027  | 6598 | 6573 |
| Service Properties Trust 0% 9/30/2027 <sup>(g)</sup>  | 8350 | 7569 |
| Service Properties Trust 5.50% 12/15/2027  | 27165 | 26967 |
| Service Properties Trust 3.95% 1/15/2028  | 56065 | 53098 |
| Service Properties Trust 8.375% 6/15/2029  | 54156 | 54845 |
| Service Properties Trust 4.95% 10/1/2029  | 30822 | 27210 |
| Service Properties Trust 4.375% 2/15/2030  | 34840 | 30186 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(g)</sup>  | 39615 | 41636 |
| Service Properties Trust 8.875% 6/15/2032  | 20406 | 20271 |
| Simon Property Group, LP 2.65% 7/15/2030  | 3350 | 3140 |
| Sun Communities Operating, LP 2.30% 11/1/2028  | 2566 | 2446 |
| Sun Communities Operating, LP 2.70% 7/15/2031  | 1941 | 1765 |
| VICI Properties, LP 3.875% 2/15/2029 <sup>(g)</sup>  | 3800 | 3737 |
|  |  | 1405385 |
| **Materials 0.97%** | **Materials 0.97%** | **Materials 0.97%** |
| Air Products and Chemicals, Inc. 1.85% 5/15/2027  | 1607 | 1570 |
| Alliance Resource Operating Partners, LP 8.625% 6/15/2029 <sup>(g)</sup>  | 8629 | 9117 |
| ARD Finance SA 7.25% PIK 6/30/2027 <sup>(g)(h)</sup>  | 18357 | 184 |
| Avient Corp. 7.125% 8/1/2030 <sup>(g)</sup>  | 6900 | 7123 |
| Avient Corp. 6.25% 11/1/2031 <sup>(g)</sup>  | 7115 | 7320 |
| Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/2031 <sup>(g)</sup>  | 7585 | 7992 |
| Axalta Coating Systems, LLC 4.75% 6/15/2027 <sup>(g)</sup>  | 14076 | 14055 |
| Ball Corp. 6.00% 6/15/2029  | 24810 | 25576 |
| Ball Corp. 2.875% 8/15/2030  | 1540 | 1419 |
| Ball Corp. 3.125% 9/15/2031  | 20755 | 19090 |
| Ball Corp. 5.50% 9/15/2033  | 26955 | 27412 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 4993 | 5114 |
| CAN-PACK SA 3.875% 11/15/2029 <sup>(g)</sup>  | 24597 | 23541 |
| Capstone Copper Corp. 6.75% 3/31/2033 <sup>(g)</sup>  | 8275 | 8579 |
| Celanese US Holdings, LLC 7.165% 7/15/2027  | 34028 | 35282 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 22109 | 23225 |
| Celanese US Holdings, LLC 7.33% 7/15/2029  | 18697 | 19671 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 2890 | 2942 |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | 34843 | 36888 |
| Celanese US Holdings, LLC 7.00% 2/15/2031  | 7865 | 8050 |
| Celanese US Holdings, LLC 6.75% 4/15/2033  | 33876 | 34336 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 3430 | 3631 |
| Celanese US Holdings, LLC 7.375% 2/15/2034  | 26899 | 27390 |
| Cleveland-Cliffs, Inc. 4.625% 3/1/2029 <sup>(g)</sup>  | 33580 | 33069 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(g)</sup>  | 37251 | 38735 |
| Cleveland-Cliffs, Inc. 6.75% 4/15/2030 <sup>(g)</sup>  | 36895 | 37773 |
| Cleveland-Cliffs, Inc. 4.875% 3/1/2031 <sup>(g)</sup>  | 6700 | 6430 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(g)</sup>  | 58500 | 61771 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(g)</sup>  | 24110 | 24773 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(g)</sup>  | 16699 | 17436 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(g)</sup>  | 27010 | 28307 |
| Commercial Metals Co. 5.75% 11/15/2033 <sup>(g)</sup>  | 7595 | 7725 |
| Commercial Metals Co. 6.00% 12/15/2035 <sup>(g)</sup>  | 20910 | 21374 |
| Consolidated Energy Finance SA 5.625% 10/15/2028 <sup>(g)</sup>  | 7865 | 6498 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(g)</sup>  | 12905 | 10855 |
| CRH America, Inc. 5.125% 5/18/2045 <sup>(g)</sup>  | 350 | 328 |
| CVR Partners, LP 6.125% 6/15/2028 <sup>(g)</sup>  | 6135 | 6140 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 3180 | 3143 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 2543 | 2542 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |
| Dow Chemical Co. (The) 4.80% 5/15/2049  | USD2,075 | $1651 |
| Dow Chemical Co. (The) 3.60% 11/15/2050  | 10215 | 6669 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 4000 | 3494 |
| Dow Chemical Co. (The) 5.95% 3/15/2055  | 8500 | 7792 |
| Ecolab, Inc. 5.00% 9/1/2035  | 3000 | 3061 |
| Element Solutions, Inc. 3.875% 9/1/2028 <sup>(g)</sup>  | 21085 | 20561 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(g)</sup>  | 67790 | 71202 |
| First Quantum Minerals, Ltd. 7.25% 2/15/2034 <sup>(g)</sup>  | 13545 | 14240 |
| FXI Holdings, Inc. 16.00% PIK 11/15/2029 (14.00% on 11/15/2028) <sup>(g)(h)(j)</sup>  | 23763 | 13784 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(g)</sup>  | 43028 | 39855 |
| FXI Holdings, Inc. 11.00% 11/15/2030 <sup>(b)(g)</sup>  | 18303 | 17937 |
| Graphic Packaging International, LLC 3.75% 2/1/2030 <sup>(g)</sup>  | 17825 | 16850 |
| Graphic Packaging International, LLC 6.375% 7/15/2032 <sup>(g)</sup>  | 11745 | 11891 |
| INEOS Finance PLC 6.75% 5/15/2028 <sup>(g)</sup>  | 16310 | 14311 |
| INEOS Finance PLC 7.50% 4/15/2029 <sup>(g)</sup>  | 3150 | 2641 |
| International Flavors & Fragrances, Inc. 1.832% 10/15/2027 <sup>(g)</sup>  | 749 | 721 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(g)</sup>  | 4565 | 4646 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(g)</sup>  | 18575 | 18940 |
| Linde, Inc. 1.10% 8/10/2030  | 3657 | 3215 |
| LSB Industries, Inc. 6.25% 10/15/2028 <sup>(g)</sup>  | 665 | 666 |
| LYB International Finance III, LLC 5.125% 1/15/2031  | 1544 | 1553 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 1440 | 1422 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 1087 | 1110 |
| LYB International Finance III, LLC 5.875% 1/15/2036  | 13149 | 13011 |
| Ma'aden Sukuk, Ltd. 5.25% 1/29/2036 <sup>(g)</sup>  | 15738 | 15772 |
| Mauser Packaging Solutions Holding Co. 7.875% 4/15/2030 <sup>(g)</sup>  | 1835 | 1871 |
| Methanex Corp. 5.125% 10/15/2027  | 57263 | 57453 |
| Methanex Corp. 5.25% 12/15/2029  | 2380 | 2395 |
| Methanex Corp. 5.65% 12/1/2044  | 450 | 405 |
| Methanex US Operations, Inc. 6.25% 3/15/2032 <sup>(g)</sup>  | 18250 | 18831 |
| Minera Mexico, SA de CV, 5.625% 2/12/2032 <sup>(g)</sup>  | 11045 | 11461 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(g)</sup>  | 14800 | 15149 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(g)</sup>  | 23240 | 24432 |
| Mineral Resources, Ltd. 8.50% 5/1/2030 <sup>(g)</sup>  | 12175 | 12632 |
| NOVA Chemicals Corp. 5.25% 6/1/2027 <sup>(g)</sup>  | 13410 | 13480 |
| NOVA Chemicals Corp. 9.00% 2/15/2030 <sup>(g)</sup>  | 6685 | 7137 |
| NOVA Chemicals Corp. 7.00% 12/1/2031 <sup>(g)</sup>  | 8425 | 9028 |
| Novelis Corp. 4.75% 1/30/2030 <sup>(g)</sup>  | 7523 | 7296 |
| Novelis Corp. 3.875% 8/15/2031 <sup>(g)</sup>  | 8912 | 8162 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(g)</sup>  | 7235 | 7507 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(g)</sup>  | 13290 | 13814 |
| Rio Tinto Finance (USA) PLC 5.25% 3/14/2035  | 2899 | 2981 |
| Rio Tinto Finance (USA) PLC 5.75% 3/14/2055  | 6838 | 6972 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(h)(j)</sup>  | 2099 | 2109 |
| Samarco Mineracao SA 9.00% PIK 6/30/2031 (5.50% PIK and 3.50% Cash on 12/30/2026) <sup>(g)(h)(j)</sup>  | 1860 | 1868 |
| SCIH Salt Holdings, Inc. 4.875% 5/1/2028 <sup>(g)</sup>  | 69970 | 69834 |
| SCIH Salt Holdings, Inc. 6.625% 5/1/2029 <sup>(g)</sup>  | 38225 | 38240 |
| Sealed Air Corp. 4.00% 12/1/2027 <sup>(g)</sup>  | 19239 | 19181 |
| Sealed Air Corp. 6.125% 2/1/2028 <sup>(g)</sup>  | 30890 | 31368 |
| Sherwin-Williams Co. 4.50% 8/15/2030  | 1600 | 1615 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 774 | 786 |
| Solstice Advanced Materials, Inc. 5.625% 9/30/2033 <sup>(g)</sup>  | 11735 | 11803 |
| Trivium Packaging Finance BV 8.25% 7/15/2030 <sup>(g)</sup>  | 6074 | 6485 |
| W. R. Grace Holdings, LLC 7.00% 8/1/2033 <sup>(g)</sup>  | 12425 | 12449 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(g)</sup>  | 23007 | 23504 |
| Westlake Corp. 5.00% 8/15/2046  | 350 | 303 |
| Westlake Corp. 4.375% 11/15/2047  | 300 | 235 |
|  |  | 1404187 |
| **Industrials 0.96%** | **Industrials 0.96%** | **Industrials 0.96%** |
| AAR Escrow Issuer, LLC 6.75% 3/15/2029 <sup>(g)</sup>  | 15509 | 16061 |
| ADT Security Corp. 4.125% 8/1/2029 <sup>(g)</sup>  | 1380 | 1346 |
| AECOM 6.00% 8/1/2033 <sup>(g)</sup>  | 2240 | 2296 |
| Air Lease Corp. 2.20% 1/15/2027  | 934 | 918 |
| Allison Transmission, Inc. 3.75% 1/30/2031 <sup>(g)</sup>  | 25185 | 23753 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Allison Transmission, Inc. 5.875% 12/1/2033 <sup>(g)</sup>  | USD9,350 | $9488 |
| Amentum Holdings, Inc. 7.25% 8/1/2032 <sup>(g)</sup>  | 24235 | 25554 |
| American Airlines, Inc. 8.50% 5/15/2029 <sup>(g)</sup>  | 11890 | 12415 |
| Americold Realty Operating Partnership, LP 5.60% 5/15/2032  | 9660 | 9791 |
| Aramark Services, Inc. 5.00% 2/1/2028 <sup>(g)</sup>  | 39000 | 39001 |
| ATI, Inc. 4.875% 10/1/2029  | 30055 | 30035 |
| ATI, Inc. 7.25% 8/15/2030  | 14815 | 15539 |
| ATI, Inc. 5.125% 10/1/2031  | 15485 | 15519 |
| Avis Budget Car Rental, LLC 5.75% 7/15/2027 <sup>(g)</sup>  | 10553 | 10608 |
| Avis Budget Car Rental, LLC 5.375% 3/1/2029 <sup>(g)</sup>  | 18760 | 18304 |
| Avis Budget Car Rental, LLC 8.25% 1/15/2030 <sup>(g)</sup>  | 1825 | 1890 |
| Avis Budget Car Rental, LLC 8.00% 2/15/2031 <sup>(g)</sup>  | 6700 | 6853 |
| Axon Enterprise, Inc. 6.125% 3/15/2030 <sup>(g)</sup>  | 7230 | 7450 |
| BAE Systems PLC 5.125% 3/26/2029 <sup>(g)</sup>  | 6670 | 6871 |
| BAE Systems PLC 5.25% 3/26/2031 <sup>(g)</sup>  | 5564 | 5778 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(g)</sup>  | 6357 | 6579 |
| BAE Systems PLC 5.50% 3/26/2054 <sup>(g)</sup>  | 1175 | 1183 |
| Boeing Co. (The) 3.10% 5/1/2026  | 500 | 499 |
| Boeing Co. (The) 5.04% 5/1/2027  | 4500 | 4549 |
| Boeing Co. (The) 5.15% 5/1/2030  | 7095 | 7294 |
| Boeing Co. (The) 3.625% 2/1/2031  | 2720 | 2622 |
| Boeing Co. (The) 6.388% 5/1/2031  | 2425 | 2632 |
| Boeing Co. (The) 3.60% 5/1/2034  | 5750 | 5236 |
| Boeing Co. (The) 6.528% 5/1/2034  | 10192 | 11278 |
| Boeing Co. (The) 3.90% 5/1/2049  | 800 | 598 |
| Boeing Co. (The) 5.805% 5/1/2050  | 8550 | 8451 |
| Boeing Co. (The) 6.858% 5/1/2054  | 3872 | 4369 |
| Boeing Co. (The) 7.008% 5/1/2064  | 2075 | 2371 |
| Brink's Co. (The) 4.625% 10/15/2027 <sup>(g)</sup>  | 12800 | 12829 |
| Brink's Co. (The) 6.50% 6/15/2029 <sup>(g)</sup>  | 4755 | 4915 |
| Brink's Co. (The) 6.75% 6/15/2032 <sup>(g)</sup>  | 7500 | 7814 |
| Burlington Northern Santa Fe, LLC 3.55% 2/15/2050  | 8500 | 6228 |
| BWX Technologies, Inc. 4.125% 6/30/2028 <sup>(g)</sup>  | 5190 | 5117 |
| BWX Technologies, Inc. 4.125% 4/15/2029 <sup>(g)</sup>  | 8595 | 8425 |
| Canadian Pacific Railway Co. 1.75% 12/2/2026  | 3015 | 2963 |
| Canadian Pacific Railway Co. 5.20% 3/30/2035  | 4698 | 4836 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 1028 | 773 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 3204 | 2128 |
| Clarivate Science Holdings Corp. 3.875% 7/1/2028 <sup>(g)</sup>  | 35250 | 33296 |
| Clarivate Science Holdings Corp. 4.875% 7/1/2029 <sup>(g)</sup>  | 25820 | 22216 |
| Clean Harbors, Inc. 5.125% 7/15/2029 <sup>(g)</sup>  | 2575 | 2586 |
| Clean Harbors, Inc. 6.375% 2/1/2031 <sup>(g)</sup>  | 17399 | 17828 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(g)</sup>  | 18165 | 18570 |
| Columbus McKinnon Corp. 7.125% 2/1/2033 <sup>(g)</sup>  | 15615 | 15707 |
| CoreLogic, Inc. 4.50% 5/1/2028 <sup>(g)</sup>  | 81186 | 79735 |
| CSX Corp. 3.80% 3/1/2028  | 1300 | 1300 |
| CSX Corp. 4.10% 11/15/2032  | 10713 | 10555 |
| CSX Corp. 5.05% 6/15/2035  | 12097 | 12300 |
| Enviri Corp. 5.75% 7/31/2027 <sup>(g)</sup>  | 11130 | 11149 |
| EquipmentShare.com, Inc. 9.00% 5/15/2028 <sup>(g)</sup>  | 25230 | 26398 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(g)</sup>  | 31645 | 33869 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(g)</sup>  | 18890 | 19941 |
| FTAI Aviation Investors, LLC 5.50% 5/1/2028 <sup>(g)</sup>  | 30400 | 30447 |
| Garda World Security Corp. 6.50% 1/15/2031 <sup>(g)</sup>  | 6830 | 7006 |
| Garda World Security Corp. 8.375% 11/15/2032 <sup>(g)</sup>  | 10430 | 10716 |
| General Dynamics Corp. 3.625% 4/1/2030  | 5433 | 5334 |
| General Electric Co. 4.90% 1/29/2036  | 726 | 735 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(g)</sup>  | 19575 | 20269 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(g)</sup>  | 18605 | 19539 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(g)</sup>  | 7940 | 8407 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 5893 | 5905 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 42205 | 41778 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 1100 | 1108 |
| Icahn Enterprises, LP 4.375% 2/1/2029  | 16595 | 14661 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(g)</sup>  | 965 | 975 |
| L3Harris Technologies, Inc. 5.40% 7/31/2033  | 7430 | 7739 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Lockheed Martin Corp. 5.70% 11/15/2054  | USD6,148 | $6241 |
| Mexico City Airport Trust 3.875% 4/30/2028 <sup>(g)</sup>  | 770 | 756 |
| Mexico City Airport Trust 5.50% 10/31/2046  | 800 | 699 |
| Mexico City Airport Trust 5.50% 7/31/2047  | 3364 | 2900 |
| Miter Brands Acquisition Holdco, Inc. 6.75% 4/1/2032 <sup>(g)</sup>  | 9224 | 9479 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(g)</sup>  | 16909 | 16831 |
| Mueller Water Products, Inc. 4.00% 6/15/2029 <sup>(g)</sup>  | 5110 | 4977 |
| NESCO Holdings II, Inc. 5.50% 4/15/2029 <sup>(g)</sup>  | 3850 | 3796 |
| Norfolk Southern Corp. 4.45% 3/1/2033  | 3847 | 3825 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 5539 | 5659 |
| Norfolk Southern Corp. 3.05% 5/15/2050  | 1727 | 1141 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 8613 | 8247 |
| Northrop Grumman Corp. 3.25% 1/15/2028  | 7495 | 7409 |
| Otis Worldwide Corp. 2.293% 4/5/2027  | 1940 | 1904 |
| Paychex, Inc. 5.60% 4/15/2035  | 814 | 844 |
| RB Global Holdings, Inc. 7.75% 3/15/2031 <sup>(g)</sup>  | 11040 | 11522 |
| Reworld Holding Corp. 4.875% 12/1/2029 <sup>(g)</sup>  | 16655 | 16137 |
| RTX Corp. 1.90% 9/1/2031  | 6250 | 5506 |
| RTX Corp. 5.15% 2/27/2033  | 9542 | 9872 |
| RTX Corp. 5.375% 2/27/2053  | 3947 | 3803 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(g)</sup>  | 5215 | 5259 |
| Sensata Technologies BV 4.00% 4/15/2029 <sup>(g)</sup>  | 19310 | 18918 |
| Sensata Technologies, Inc. 3.75% 2/15/2031 <sup>(g)</sup>  | 26288 | 24679 |
| Siemens Funding BV 4.90% 5/28/2032 <sup>(g)</sup>  | 16000 | 16491 |
| Siemens Funding BV 5.80% 5/28/2055 <sup>(g)</sup>  | 11564 | 12072 |
| Siemens Funding BV 5.90% 5/28/2065 <sup>(g)</sup>  | 10833 | 11344 |
| Spirit AeroSystems, Inc. 4.60% 6/15/2028  | 730 | 735 |
| Standard Building Solutions, Inc. 6.25% 8/1/2033 <sup>(g)</sup>  | 10880 | 11127 |
| Team Services Holding, Inc. 9.00% 2/15/2033 <sup>(g)</sup>  | 2280 | 2280 |
| TransDigm, Inc. 6.75% 8/15/2028 <sup>(g)</sup>  | 11790 | 12003 |
| TransDigm, Inc. 4.625% 1/15/2029  | 16850 | 16757 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(g)</sup>  | 14590 | 15022 |
| TransDigm, Inc. 6.625% 3/1/2032 <sup>(g)</sup>  | 3870 | 4006 |
| TransDigm, Inc. 6.375% 5/31/2033 <sup>(g)</sup>  | 28120 | 28646 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(g)</sup>  | 2775 | 2869 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(g)</sup>  | 32145 | 33287 |
| Triton Container International, Ltd. 3.15% 6/15/2031 <sup>(g)</sup>  | 7222 | 6609 |
| Tyco Electronics Group SA 4.875% 2/9/2036  | 952 | 948 |
| Union Pacific Corp. 2.40% 2/5/2030  | 1931 | 1813 |
| Union Pacific Corp. 2.80% 2/14/2032  | 10037 | 9241 |
| Union Pacific Corp. 5.10% 2/20/2035  | 6058 | 6234 |
| Union Pacific Corp. 2.891% 4/6/2036  | 2495 | 2111 |
| Union Pacific Corp. 5.60% 12/1/2054  | 4127 | 4115 |
| United Airlines Holdings, Inc. 5.375% 3/1/2031  | 4765 | 4818 |
| United Rentals (North America), Inc. 5.25% 1/15/2030  | 6840 | 6917 |
| United Rentals (North America), Inc. 3.875% 2/15/2031  | 21600 | 20608 |
| United Rentals (North America), Inc. 3.75% 1/15/2032  | 10985 | 10275 |
| United Rentals (North America), Inc. 6.125% 3/15/2034 <sup>(g)</sup>  | 29140 | 30314 |
| Varanasi Aurangabad Nh-2 Tollway Private, Ltd. 5.90% 2/28/2034 <sup>(g)</sup>  | 973 | 1019 |
| Virgin Australia Holdings, Ltd. 7.875% 10/15/2021 <sup>(g)(k)</sup>  | 1632 | 16 |
| Waste Pro USA, Inc. 7.00% 2/1/2033 <sup>(g)</sup>  | 7165 | 7379 |
| WESCO Distribution, Inc. 7.25% 6/15/2028 <sup>(g)</sup>  | 6435 | 6516 |
| WESCO Distribution, Inc. 6.625% 3/15/2032 <sup>(g)</sup>  | 20920 | 21885 |
| WESCO Distribution, Inc. 6.375% 3/15/2033 <sup>(g)</sup>  | 25770 | 26849 |
| XPO, Inc. 6.25% 6/1/2028 <sup>(g)</sup>  | 4950 | 5045 |
| XPO, Inc. 7.125% 6/1/2031 <sup>(g)</sup>  | 6765 | 7029 |
| XPO, Inc. 7.125% 2/1/2032 <sup>(g)</sup>  | 14878 | 15692 |
|  |  | 1385704 |
| **Utilities 0.67%** | **Utilities 0.67%** | **Utilities 0.67%** |
| American Electric Power Co., Inc. 4.30% 12/1/2028  | 2280 | 2297 |
| American Water Capital Corp. 2.80% 5/1/2030  | 950 | 901 |
| Calpine Corp. 5.125% 3/15/2028 <sup>(g)</sup>  | 20935 | 20936 |
| Cleveland Electric Illuminating Co. (The) 3.50% 4/1/2028 <sup>(g)</sup>  | 850 | 838 |
| Comision Federal de Electricidad 4.688% 5/15/2029 <sup>(g)</sup>  | 14525 | 14501 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| Comision Federal de Electricidad 3.348% 2/9/2031  | USD9,000 | $8144 |
| Comision Federal de Electricidad 3.875% 7/26/2033  | 7531 | 6659 |
| Comision Federal de Electricidad 6.045% 1/28/2034 <sup>(g)</sup>  | 14448 | 14466 |
| Comision Federal de Electricidad 6.45% 1/24/2035 <sup>(g)</sup>  | 2459 | 2512 |
| Commonwealth Edison Co. 3.85% 3/15/2052  | 3848 | 2901 |
| Connecticut Light and Power Co. (The) 4.95% 8/15/2034  | 3300 | 3330 |
| Consumers Energy Co. 4.50% 1/15/2031  | 4475 | 4521 |
| Consumers Energy Co. 4.625% 5/15/2033  | 5826 | 5838 |
| Duke Energy Florida, LLC 4.85% 12/1/2035  | 4525 | 4497 |
| Duke Energy Indiana, LLC 4.90% 7/15/2043  | 12285 | 11497 |
| Duke Energy Indiana, LLC 3.25% 10/1/2049  | 1727 | 1190 |
| Duke Energy Progress, LLC 4.15% 12/1/2044  | 987 | 823 |
| Edison International 4.125% 3/15/2028  | 3650 | 3628 |
| Edison International 5.25% 11/15/2028  | 9089 | 9245 |
| Edison International 5.45% 6/15/2029  | 11546 | 11792 |
| Edison International 6.95% 11/15/2029  | 3900 | 4173 |
| Edison International 6.25% 3/15/2030  | 14858 | 15610 |
| Edison International 5.25% 3/15/2032  | 16500 | 16569 |
| Electricite de France SA 6.25% 5/23/2033 <sup>(g)</sup>  | 5121 | 5547 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 6/15/2033) <sup>(g)(j)</sup>  | 3400 | 4026 |
| Emera, Inc. 6.75% 6/15/2076 (3-month USD CME Term SOFR + 5.702% on 6/15/2026) <sup>(j)</sup>  | 35774 | 36035 |
| Eversource Energy 5.50% 1/1/2034  | 900 | 926 |
| Eversource Energy 5.95% 7/15/2034  | 647 | 686 |
| FirstEnergy Corp. 2.25% 9/1/2030  | 2650 | 2404 |
| FirstEnergy Transmission, LLC 2.866% 9/15/2028 <sup>(g)</sup>  | 4325 | 4197 |
| Florida Power & Light Co. 4.70% 2/15/2036  | 4000 | 3955 |
| Florida Power & Light Co. 5.60% 2/15/2066  | 525 | 516 |
| Georgia Power Co. 3.70% 1/30/2050  | 1200 | 897 |
| Israel Electric Corp., Ltd. 8.10% 12/15/2096 <sup>(g)</sup>  | 4905 | 6342 |
| Ithaca Energy (North sea) PLC 8.125% 10/15/2029 <sup>(g)</sup>  | 11310 | 11817 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(g)</sup>  | 22820 | 24255 |
| MidAmerican Energy Co. 5.30% 2/1/2055  | 1916 | 1822 |
| MidAmerican Energy Co. 5.50% 11/15/2056  | 409 | 400 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 21350 | 21329 |
| Pacific Gas and Electric Co. 5.45% 6/15/2027  | 2000 | 2033 |
| Pacific Gas and Electric Co. 2.10% 8/1/2027  | 750 | 729 |
| Pacific Gas and Electric Co. 3.30% 12/1/2027  | 12394 | 12226 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 7874 | 7664 |
| Pacific Gas and Electric Co. 3.75% 7/1/2028  | 11090 | 10977 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 8064 | 8151 |
| Pacific Gas and Electric Co. 5.55% 5/15/2029  | 472 | 488 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 55665 | 55535 |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | 15545 | 14060 |
| Pacific Gas and Electric Co. 3.25% 6/1/2031  | 12130 | 11309 |
| Pacific Gas and Electric Co. 4.40% 3/1/2032  | 3864 | 3790 |
| Pacific Gas and Electric Co. 5.90% 6/15/2032  | 9120 | 9601 |
| Pacific Gas and Electric Co. 5.05% 10/15/2032  | 14063 | 14179 |
| Pacific Gas and Electric Co. 6.15% 1/15/2033  | 1725 | 1830 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 46065 | 49659 |
| Pacific Gas and Electric Co. 6.95% 3/15/2034  | 8323 | 9229 |
| Pacific Gas and Electric Co. 5.80% 5/15/2034  | 2950 | 3062 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 15915 | 16317 |
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | 10164 | 10643 |
| Pacific Gas and Electric Co. 3.30% 8/1/2040  | 1630 | 1238 |
| Pacific Gas and Electric Co. 3.75% 8/15/2042  | 9685 | 7362 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 15557 | 13201 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 23364 | 15818 |
| PacifiCorp 5.30% 2/15/2031  | 5703 | 5870 |
| PacifiCorp 5.45% 2/15/2034  | 6575 | 6676 |
| PacifiCorp 6.10% 8/1/2036  | 1114 | 1169 |
| PacifiCorp 6.25% 10/15/2037  | 3758 | 3948 |
| PacifiCorp 4.15% 2/15/2050  | 4208 | 3155 |
| PacifiCorp 3.30% 3/15/2051  | 9984 | 6420 |
| PacifiCorp 2.90% 6/15/2052  | 9041 | 5340 |
| PacifiCorp 5.35% 12/1/2053  | 11127 | 9819 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| PacifiCorp 5.50% 5/15/2054  | USD1,141 | $1029 |
| PacifiCorp 5.80% 1/15/2055  | 3725 | 3511 |
| PG&E Corp. 5.00% 7/1/2028  | 55565 | 55473 |
| PG&E Corp. 5.25% 7/1/2030  | 72720 | 72315 |
| 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>(j)</sup>  | 41205 | 42551 |
| Progress Energy, Inc. 7.00% 10/30/2031  | 1100 | 1234 |
| Public Service Electric and Gas Co. 4.20% 1/1/2031  | 4625 | 4614 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 1325 | 1330 |
| Public Service Electric and Gas Co. 5.625% 1/1/2056  | 7060 | 7076 |
| Rockies Express Pipeline, LLC 4.95% 7/15/2029 <sup>(g)</sup>  | 11768 | 11740 |
| Southern California Edison Co. 3.65% 3/1/2028  | 638 | 632 |
| Southern California Edison Co. 4.20% 3/1/2029  | 4812 | 4796 |
| Southern California Edison Co. 5.15% 6/1/2029  | 1890 | 1936 |
| Southern California Edison Co. 2.85% 8/1/2029  | 9116 | 8670 |
| Southern California Edison Co. 5.25% 3/15/2030  | 24794 | 25476 |
| Southern California Edison Co. 2.25% 6/1/2030  | 626 | 570 |
| Southern California Edison Co. 2.50% 6/1/2031  | 565 | 510 |
| Southern California Edison Co. 5.45% 6/1/2031  | 8300 | 8593 |
| Southern California Edison Co. 2.75% 2/1/2032  | 4813 | 4324 |
| Southern California Edison Co. 5.95% 11/1/2032  | 3057 | 3247 |
| Southern California Edison Co. 5.20% 6/1/2034  | 1052 | 1053 |
| Southern California Edison Co. 5.45% 3/1/2035  | 3924 | 3969 |
| Southern California Edison Co. 5.75% 4/1/2035  | 3100 | 3201 |
| Southern California Edison Co. 5.35% 7/15/2035  | 20391 | 20467 |
| Southern California Edison Co. 5.625% 2/1/2036  | 16750 | 16967 |
| Southern California Edison Co. 4.50% 9/1/2040  | 13120 | 11477 |
| Southern California Edison Co. 3.60% 2/1/2045  | 8000 | 5790 |
| Southern California Edison Co. 3.65% 2/1/2050  | 2672 | 1869 |
| Southern California Edison Co. 3.45% 2/1/2052  | 1510 | 1008 |
| Southern California Edison Co. 5.90% 3/1/2055  | 750 | 725 |
| Southern Co. (The) 4.25% 7/1/2036  | 1300 | 1216 |
| Talen Energy Supply, LLC 8.625% 6/1/2030 <sup>(g)</sup>  | 13294 | 14033 |
| Virginia Electric & Power 2.40% 3/30/2032  | 3525 | 3140 |
| Vistra Operations Co., LLC 4.375% 5/1/2029 <sup>(g)</sup>  | 8350 | 8249 |
| Wisconsin Electric Power Co. 4.15% 10/15/2030  | 1050 | 1047 |
| Wisconsin Power and Light Co. 3.65% 4/1/2050  | 350 | 255 |
| Xcel Energy, Inc. 2.35% 11/15/2031  | 2525 | 2249 |
| Xcel Energy, Inc. 5.60% 4/15/2035  | 1071 | 1107 |
|  |  | 970969 |
| **Consumer staples 0.59%** | **Consumer staples 0.59%** | **Consumer staples 0.59%** |
| 7-Eleven, Inc. 0.95% 2/10/2026 <sup>(g)</sup>  | 3950 | 3947 |
| Albertsons Cos., Inc. 4.625% 1/15/2027 <sup>(g)</sup>  | 465 | 465 |
| Albertsons Cos., Inc. 3.50% 3/15/2029 <sup>(g)</sup>  | 15820 | 15193 |
| Albertsons Cos., Inc. 4.875% 2/15/2030 <sup>(g)</sup>  | 17675 | 17448 |
| Albertsons Cos., Inc. 5.625% 3/31/2032 <sup>(g)</sup>  | 13760 | 13753 |
| Albertsons Cos., Inc. 5.75% 3/31/2034 <sup>(g)</sup>  | 10375 | 10216 |
| Altria Group, Inc. 5.80% 2/14/2039  | 16525 | 16914 |
| Amer Sports Co. 6.75% 2/16/2031 <sup>(g)</sup>  | 7060 | 7359 |
| Anheuser-Busch InBev Worldwide, Inc. 4.95% 1/15/2042  | 6817 | 6528 |
| Anheuser-Busch InBev Worldwide, Inc. 5.55% 1/23/2049  | 2085 | 2078 |
| B&G Foods, Inc. 5.25% 9/15/2027  | 27125 | 26241 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(g)</sup>  | 54190 | 51210 |
| BAT Capital Corp. 2.259% 3/25/2028  | 2250 | 2170 |
| BAT Capital Corp. 5.834% 2/20/2031  | 2643 | 2807 |
| BAT Capital Corp. 5.35% 8/15/2032  | 19500 | 20262 |
| BAT Capital Corp. 4.625% 3/22/2033  | 13198 | 13083 |
| BAT Capital Corp. 5.625% 8/15/2035  | 2500 | 2597 |
| BAT Capital Corp. 4.54% 8/15/2047  | 1333 | 1108 |
| BAT Capital Corp. 6.25% 8/15/2055  | 12000 | 12371 |
| BAT International Finance PLC 1.668% 3/25/2026  | 3050 | 3040 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 1611 | 1545 |
| Campbell's Co. (The) 5.25% 10/13/2054  | 264 | 237 |
| Central Garden & Pet Co. 4.125% 10/15/2030  | 40146 | 38575 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** | **Corporate bonds and notes (continued)** |
| **Consumer staples (continued)** | **Consumer staples (continued)** | **Consumer staples (continued)** |
| Central Garden & Pet Co. 4.125% 4/30/2031 <sup>(g)</sup>  | USD29,890 | $28312 |
| Constellation Brands, Inc. 2.25% 8/1/2031  | 3713 | 3304 |
| Coty, Inc. 4.75% 1/15/2029 <sup>(g)</sup>  | 10624 | 10520 |
| Coty, Inc. 6.625% 7/15/2030 <sup>(g)</sup>  | 4156 | 4266 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(g)</sup>  | 8841 | 8956 |
| Darling Ingredients, Inc. 5.25% 4/15/2027 <sup>(g)</sup>  | 19295 | 19314 |
| Darling Ingredients, Inc. 6.00% 6/15/2030 <sup>(g)</sup>  | 47150 | 47818 |
| Energizer Holdings, Inc. 4.375% 3/31/2029 <sup>(g)</sup>  | 2110 | 2028 |
| Fiesta Purchaser, Inc. 7.875% 3/1/2031 <sup>(g)</sup>  | 15815 | 16277 |
| Fiesta Purchaser, Inc. 9.625% 9/15/2032 <sup>(g)</sup>  | 11910 | 12078 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(g)</sup>  | 3000 | 3029 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(g)</sup>  | 5050 | 5166 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(g)</sup>  | 3664 | 3782 |
| Ingles Markets, Inc. 4.00% 6/15/2031 <sup>(g)</sup>  | 25700 | 24342 |
| J. M. Smucker Co. (The) 5.90% 11/15/2028  | 7370 | 7719 |
| J. M. Smucker Co. (The) 6.20% 11/15/2033  | 5195 | 5625 |
| J. M. Smucker Co. (The) 6.50% 11/15/2043  | 708 | 762 |
| J. M. Smucker Co. (The) 6.50% 11/15/2053  | 3099 | 3359 |
| Lamb Weston Holdings, Inc. 4.125% 1/31/2030 <sup>(g)</sup>  | 43025 | 41570 |
| Lamb Weston Holdings, Inc. 4.375% 1/31/2032 <sup>(g)</sup>  | 7345 | 7003 |
| Mars, Inc. 4.80% 3/1/2030 <sup>(g)</sup>  | 5126 | 5239 |
| Mars, Inc. 5.00% 3/1/2032 <sup>(g)</sup>  | 7790 | 8007 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(g)</sup>  | 13113 | 13079 |
| Mondelez International, Inc. 5.125% 5/6/2035  | 6229 | 6373 |
| Opal Bidco SAS 6.50% 3/31/2032 <sup>(g)</sup>  | 18010 | 18389 |
| Performance Food Group, Inc. 5.50% 10/15/2027 <sup>(g)</sup>  | 12980 | 12997 |
| Performance Food Group, Inc. 4.25% 8/1/2029 <sup>(g)</sup>  | 12645 | 12390 |
| Performance Food Group, Inc. 6.125% 9/15/2032 <sup>(g)</sup>  | 11310 | 11630 |
| Philip Morris International, Inc. 1.75% 11/1/2030  | 8486 | 7575 |
| Philip Morris International, Inc. 5.125% 2/13/2031  | 3982 | 4125 |
| Philip Morris International, Inc. 4.75% 11/1/2031  | 10044 | 10236 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 10955 | 11026 |
| Philip Morris International, Inc. 4.875% 4/30/2035  | 12667 | 12664 |
| Philip Morris International, Inc. 4.625% 10/29/2035  | 12091 | 11813 |
| Post Holdings, Inc. 4.625% 4/15/2030 <sup>(g)</sup>  | 62941 | 61517 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(g)</sup>  | 8961 | 9212 |
| Post Holdings, Inc. 6.50% 3/15/2036 <sup>(g)</sup>  | 27930 | 27972 |
| Prestige Brands, Inc. 5.125% 1/15/2028 <sup>(g)</sup>  | 9532 | 9543 |
| Prestige Brands, Inc. 3.75% 4/1/2031 <sup>(g)</sup>  | 8045 | 7527 |
| Reynolds American, Inc. 5.70% 8/15/2035  | 3130 | 3263 |
| Reynolds American, Inc. 5.85% 8/15/2045  | 3900 | 3842 |
| TreeHouse Foods, Inc. 4.00% 9/1/2028  | 30565 | 30506 |
| US Foods, Inc. 4.625% 6/1/2030 <sup>(g)</sup>  | 20951 | 20655 |
|  |  | 843957 |
| **Municipals 0.00%** | **Municipals 0.00%** | **Municipals 0.00%** |
| Texas Combined Tirz I, LLC 0% 12/7/2062 <sup>(b)(g)</sup>  | 3338 | 3338 |
| **Total corporate bonds and notes** |  | 21889221 |
| **Mortgage-backed obligations 3.17%** | **Mortgage-backed obligations 3.17%** | **Mortgage-backed obligations 3.17%** |
| **Federal agency mortgage-backed obligations 2.32%** | **Federal agency mortgage-backed obligations 2.32%** | **Federal agency mortgage-backed obligations 2.32%** |
| Fannie Mae Pool #AI6180 4.00% 7/1/2026 <sup>(l)</sup>  | 3 | 3 |
| Fannie Mae Pool #AL2940 3.50% 11/1/2027 <sup>(l)</sup>  | 22 | 22 |
| Fannie Mae Pool #AL8347 4.00% 3/1/2029 <sup>(l)</sup>  | 2 | 2 |
| Fannie Mae Pool #FM8013 5.50% 4/1/2031 <sup>(l)</sup>  | 29 | 29 |
| Fannie Mae Pool #BM1231 3.50% 11/1/2031 <sup>(l)</sup>  | 34 | 34 |
| Fannie Mae Pool #BJ5674 3.00% 1/1/2033 <sup>(l)</sup>  | 84 | 82 |
| Fannie Mae Pool #254767 5.50% 6/1/2033 <sup>(l)</sup>  | 60 | 61 |
| Fannie Mae Pool #BJ6249 4.00% 9/1/2033 <sup>(l)</sup>  | 74 | 73 |
| Fannie Mae Pool #MA3541 4.00% 12/1/2033 <sup>(l)</sup>  | 76 | 76 |
| Fannie Mae Pool #BN1085 4.00% 1/1/2034 <sup>(l)</sup>  | 4 | 4 |
| Fannie Mae Pool #MA3611 4.00% 3/1/2034 <sup>(l)</sup>  | 31 | 31 |
| Fannie Mae Pool #735228 5.50% 2/1/2035 <sup>(l)</sup>  | 54 | 55 |
| Fannie Mae Pool #878099 6.00% 4/1/2036 <sup>(l)</sup>  | 73 | 77 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| 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 #880426 6.00% 4/1/2036 <sup>(l)</sup>  | USD48 | $50 |
| Fannie Mae Pool #256308 6.00% 7/1/2036 <sup>(l)</sup>  | 95 | 100 |
| Fannie Mae Pool #888795 5.50% 11/1/2036 <sup>(l)</sup>  | 380 | 396 |
| Fannie Mae Pool #AS8554 3.00% 12/1/2036 <sup>(l)</sup>  | 7736 | 7371 |
| Fannie Mae Pool #BE4703 3.00% 12/1/2036 <sup>(l)</sup>  | 452 | 424 |
| Fannie Mae Pool #936999 6.00% 7/1/2037 <sup>(l)</sup>  | 286 | 300 |
| Fannie Mae Pool #945832 6.50% 8/1/2037 <sup>(l)</sup>  | 50 | 53 |
| Fannie Mae Pool #888637 6.00% 9/1/2037 <sup>(l)</sup>  | 625 | 660 |
| Fannie Mae Pool #950991 6.00% 10/1/2037 <sup>(l)</sup>  | 207 | 217 |
| Fannie Mae Pool #995674 6.00% 5/1/2038 <sup>(l)</sup>  | 341 | 361 |
| Fannie Mae Pool #929964 6.00% 9/1/2038 <sup>(l)</sup>  | 204 | 216 |
| Fannie Mae Pool #AE0967 3.50% 6/1/2039 <sup>(l)</sup>  | 56 | 53 |
| Fannie Mae Pool #AC0479 6.00% 9/1/2039 <sup>(l)</sup>  | 134 | 140 |
| Fannie Mae Pool #AE0443 6.50% 10/1/2039 <sup>(l)</sup>  | 75 | 79 |
| Fannie Mae Pool #932274 4.50% 12/1/2039 <sup>(l)</sup>  | 3148 | 3155 |
| Fannie Mae Pool #AD4927 5.00% 6/1/2040 <sup>(l)</sup>  | 961 | 986 |
| Fannie Mae Pool #AE4483 4.00% 9/1/2040 <sup>(l)</sup>  | 867 | 854 |
| Fannie Mae Pool #AE8073 4.00% 12/1/2040 <sup>(l)</sup>  | 48 | 47 |
| Fannie Mae Pool #AE0828 3.50% 2/1/2041 <sup>(l)</sup>  | 25 | 24 |
| Fannie Mae Pool #AB2470 4.50% 3/1/2041 <sup>(l)</sup>  | 9 | 9 |
| Fannie Mae Pool #AI3422 5.00% 5/1/2041 <sup>(l)</sup>  | 30 | 31 |
| Fannie Mae Pool #AI4836 5.00% 6/1/2041 <sup>(l)</sup>  | 34 | 35 |
| Fannie Mae Pool #MA4387 2.00% 7/1/2041 <sup>(l)</sup>  | 9413 | 8277 |
| Fannie Mae Pool #AI5571 5.00% 7/1/2041 <sup>(l)</sup>  | 32 | 33 |
| Fannie Mae Pool #AI8482 5.00% 8/1/2041 <sup>(l)</sup>  | 27 | 28 |
| Fannie Mae Pool #AJ0257 4.00% 9/1/2041 <sup>(l)</sup>  | 18 | 18 |
| Fannie Mae Pool #AJ4154 4.00% 11/1/2041 <sup>(l)</sup>  | 50 | 49 |
| Fannie Mae Pool #AB4050 4.00% 12/1/2041 <sup>(l)</sup>  | 88 | 86 |
| Fannie Mae Pool #AJ4189 4.00% 12/1/2041 <sup>(l)</sup>  | 54 | 53 |
| Fannie Mae Pool #FS0305 1.50% 1/1/2042 <sup>(l)</sup>  | 31870 | 26975 |
| Fannie Mae Pool #890407 4.00% 2/1/2042 <sup>(l)</sup>  | 134 | 132 |
| Fannie Mae Pool #AL2745 4.00% 3/1/2042 <sup>(l)</sup>  | 398 | 390 |
| Fannie Mae Pool #AB5377 3.50% 6/1/2042 <sup>(l)</sup>  | 9214 | 8802 |
| Fannie Mae Pool #AO9140 3.50% 7/1/2042 <sup>(l)</sup>  | 2931 | 2785 |
| Fannie Mae Pool #AU3742 3.50% 8/1/2043 <sup>(l)</sup>  | 1790 | 1699 |
| Fannie Mae Pool #AU8813 4.00% 11/1/2043 <sup>(l)</sup>  | 1005 | 990 |
| Fannie Mae Pool #AU9348 4.00% 11/1/2043 <sup>(l)</sup>  | 669 | 659 |
| Fannie Mae Pool #AU9350 4.00% 11/1/2043 <sup>(l)</sup>  | 648 | 635 |
| Fannie Mae Pool #FM9416 3.50% 7/1/2045 <sup>(l)</sup>  | 21433 | 20309 |
| Fannie Mae Pool #AL8354 3.50% 10/1/2045 <sup>(l)</sup>  | 3113 | 2961 |
| Fannie Mae Pool #AL8522 3.50% 5/1/2046 <sup>(l)</sup>  | 7121 | 6754 |
| Fannie Mae Pool #AS8310 3.00% 11/1/2046 <sup>(l)</sup>  | 1152 | 1060 |
| Fannie Mae Pool #BM1179 3.00% 4/1/2047 <sup>(l)</sup>  | 1413 | 1299 |
| Fannie Mae Pool #947554 7.00% 10/1/2047 <sup>(l)</sup>  | 127 | 136 |
| Fannie Mae Pool #920015 7.00% 10/1/2047 <sup>(l)</sup>  | 33 | 34 |
| Fannie Mae Pool #CA0854 3.50% 12/1/2047 <sup>(l)</sup>  | 4551 | 4289 |
| Fannie Mae Pool #BM4413 4.50% 12/1/2047 <sup>(l)</sup>  | 1659 | 1654 |
| Fannie Mae Pool #CA1542 4.00% 4/1/2048 <sup>(l)</sup>  | 2739 | 2667 |
| Fannie Mae Pool #BF0293 3.00% 7/1/2048 <sup>(l)</sup>  | 6826 | 6201 |
| Fannie Mae Pool #BF0318 3.50% 8/1/2048 <sup>(l)</sup>  | 5117 | 4819 |
| Fannie Mae Pool #FM1784 4.00% 9/1/2048 <sup>(l)</sup>  | 3778 | 3677 |
| Fannie Mae Pool #CA3184 4.00% 3/1/2049 <sup>(l)</sup>  | 5115 | 4974 |
| Fannie Mae Pool #CA3807 3.00% 7/1/2049 <sup>(l)</sup>  | 1348 | 1228 |
| Fannie Mae Pool #CA3806 3.00% 7/1/2049 <sup>(l)</sup>  | 903 | 824 |
| Fannie Mae Pool #CA3814 3.50% 7/1/2049 <sup>(l)</sup>  | 24447 | 23146 |
| Fannie Mae Pool #CA3976 4.00% 8/1/2049 <sup>(l)</sup>  | 28333 | 27514 |
| Fannie Mae Pool #FM1668 4.00% 8/1/2049 <sup>(l)</sup>  | 3169 | 3078 |
| Fannie Mae Pool #CA4112 3.50% 9/1/2049 <sup>(l)</sup>  | 26899 | 25467 |
| Fannie Mae Pool #FM1589 3.50% 9/1/2049 <sup>(l)</sup>  | 2299 | 2151 |
| Fannie Mae Pool #BO3491 2.50% 10/1/2049 <sup>(l)</sup>  | 45 | 38 |
| Fannie Mae Pool #CA4432 4.00% 10/1/2049 <sup>(l)</sup>  | 3337 | 3233 |
| Fannie Mae Pool #FM1954 3.50% 11/1/2049 <sup>(l)</sup>  | 3767 | 3523 |
| Fannie Mae Pool #CA4804 3.50% 12/1/2049 <sup>(l)</sup>  | 17301 | 16277 |
| Fannie Mae Pool #CA4802 3.50% 12/1/2049 <sup>(l)</sup>  | 14219 | 13319 |
| Fannie Mae Pool #FM2092 3.50% 12/1/2049 <sup>(l)</sup>  | 10093 | 9496 |
| Fannie Mae Pool #CA5659 2.50% 5/1/2050 <sup>(l)</sup>  | 1918 | 1633 |

---

---

| | |
|:---|:---|
| **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 #BP4208 2.50% 5/1/2050 <sup>(l)</sup>  | USD28 | $25 |
| Fannie Mae Pool #CA5968 2.50% 6/1/2050 <sup>(l)</sup>  | 13852 | 12017 |
| Fannie Mae Pool #BP5576 2.50% 6/1/2050 <sup>(l)</sup>  | 6595 | 5616 |
| Fannie Mae Pool #BP5474 2.50% 6/1/2050 <sup>(l)</sup>  | 5779 | 4921 |
| Fannie Mae Pool #BP5502 2.50% 6/1/2050 <sup>(l)</sup>  | 2268 | 1931 |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(l)</sup>  | 1969 | 1677 |
| Fannie Mae Pool #BP5482 2.50% 6/1/2050 <sup>(l)</sup>  | 473 | 403 |
| Fannie Mae Pool #BP8762 2.50% 7/1/2050 <sup>(l)</sup>  | 3144 | 2677 |
| Fannie Mae Pool #FM3720 2.50% 7/1/2050 <sup>(l)</sup>  | 1766 | 1504 |
| Fannie Mae Pool #CA6349 3.00% 7/1/2050 <sup>(l)</sup>  | 2502 | 2227 |
| Fannie Mae Pool #FM3920 2.50% 8/1/2050 <sup>(l)</sup>  | 8032 | 6839 |
| Fannie Mae Pool #FP0058 2.50% 8/1/2050 <sup>(l)</sup>  | 1840 | 1569 |
| Fannie Mae Pool #CA6593 2.50% 8/1/2050 <sup>(l)</sup>  | 608 | 528 |
| Fannie Mae Pool #BQ0212 2.50% 8/1/2050 <sup>(l)</sup>  | 449 | 382 |
| Fannie Mae Pool #FM4021 2.50% 8/1/2050 <sup>(l)</sup>  | 342 | 291 |
| Fannie Mae Pool #CA6740 3.00% 8/1/2050 <sup>(l)</sup>  | 1398 | 1244 |
| Fannie Mae Pool #MA4119 2.00% 9/1/2050 <sup>(l)</sup>  | 11337 | 9308 |
| Fannie Mae Pool #FM7195 2.50% 9/1/2050 <sup>(l)</sup>  | 2433 | 2073 |
| Fannie Mae Pool #BQ1844 2.50% 9/1/2050 <sup>(l)</sup>  | 234 | 200 |
| Fannie Mae Pool #FP0015 2.50% 9/1/2050 <sup>(l)</sup>  | 120 | 102 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(l)</sup>  | 328 | 294 |
| Fannie Mae Pool #CA7278 2.50% 10/1/2050 <sup>(l)</sup>  | 1663 | 1418 |
| Fannie Mae Pool #FM4377 2.50% 10/1/2050 <sup>(l)</sup>  | 780 | 664 |
| Fannie Mae Pool #FM5313 2.50% 10/1/2050 <sup>(l)</sup>  | 31 | 26 |
| Fannie Mae Pool #CA7381 3.00% 10/1/2050 <sup>(l)</sup>  | 2163 | 1925 |
| Fannie Mae Pool #CA7737 2.50% 11/1/2050 <sup>(l)</sup>  | 15560 | 13420 |
| Fannie Mae Pool #CA7599 2.50% 11/1/2050 <sup>(l)</sup>  | 7930 | 6898 |
| Fannie Mae Pool #FM5309 2.50% 11/1/2050 <sup>(l)</sup>  | 1393 | 1188 |
| Fannie Mae Pool #BQ7514 2.50% 11/1/2050 <sup>(l)</sup>  | 18 | 16 |
| Fannie Mae Pool #FM4897 3.00% 11/1/2050 <sup>(l)</sup>  | 4197 | 3806 |
| Fannie Mae Pool #CA8130 2.50% 12/1/2050 <sup>(l)</sup>  | 13291 | 11449 |
| Fannie Mae Pool #BQ9058 2.50% 12/1/2050 <sup>(l)</sup>  | 2002 | 1707 |
| Fannie Mae Pool #CA8026 2.50% 12/1/2050 <sup>(l)</sup>  | 524 | 447 |
| Fannie Mae Pool #CA8046 3.00% 12/1/2050 <sup>(l)</sup>  | 7023 | 6355 |
| Fannie Mae Pool #FM5166 3.00% 12/1/2050 <sup>(l)</sup>  | 1514 | 1348 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(l)</sup>  | 187 | 186 |
| Fannie Mae Pool #MA4237 2.00% 1/1/2051 <sup>(l)</sup>  | 11551 | 9468 |
| Fannie Mae Pool #CA8601 2.50% 1/1/2051 <sup>(l)</sup>  | 39644 | 34148 |
| Fannie Mae Pool #CA8480 2.50% 1/1/2051 <sup>(l)</sup>  | 28591 | 24942 |
| Fannie Mae Pool #FM5608 2.50% 1/1/2051 <sup>(l)</sup>  | 5353 | 4554 |
| Fannie Mae Pool #FM5944 2.50% 1/1/2051 <sup>(l)</sup>  | 2553 | 2171 |
| Fannie Mae Pool #CA8609 2.50% 1/1/2051 <sup>(l)</sup>  | 61 | 52 |
| Fannie Mae Pool #CA8828 2.50% 2/1/2051 <sup>(l)</sup>  | 33908 | 29334 |
| Fannie Mae Pool #FM5713 2.50% 2/1/2051 <sup>(l)</sup>  | 2000 | 1715 |
| Fannie Mae Pool #CA9233 2.50% 2/1/2051 <sup>(l)</sup>  | 1833 | 1561 |
| Fannie Mae Pool #CA9291 2.50% 2/1/2051 <sup>(l)</sup>  | 977 | 830 |
| Fannie Mae Pool #FM5975 2.50% 2/1/2051 <sup>(l)</sup>  | 334 | 285 |
| Fannie Mae Pool #CA8827 2.50% 2/1/2051 <sup>(l)</sup>  | 34 | 29 |
| Fannie Mae Pool #CA9302 3.00% 2/1/2051 <sup>(l)</sup>  | 9075 | 8286 |
| Fannie Mae Pool #CA8969 3.00% 2/1/2051 <sup>(l)</sup>  | 3115 | 2810 |
| Fannie Mae Pool #CA8968 3.00% 2/1/2051 <sup>(l)</sup>  | 616 | 555 |
| Fannie Mae Pool #CA9390 2.50% 3/1/2051 <sup>(l)</sup>  | 4652 | 3955 |
| Fannie Mae Pool #FM6764 2.50% 3/1/2051 <sup>(l)</sup>  | 3016 | 2564 |
| Fannie Mae Pool #CB0290 2.00% 4/1/2051 <sup>(l)</sup>  | 1522 | 1246 |
| Fannie Mae Pool #FM6871 2.50% 4/1/2051 <sup>(l)</sup>  | 5672 | 4822 |
| Fannie Mae Pool #FM7093 2.50% 4/1/2051 <sup>(l)</sup>  | 2032 | 1728 |
| Fannie Mae Pool #FS0030 2.50% 4/1/2051 <sup>(l)</sup>  | 1796 | 1531 |
| Fannie Mae Pool #FM6856 2.50% 4/1/2051 <sup>(l)</sup>  | 936 | 803 |
| Fannie Mae Pool #BN9135 2.50% 4/1/2051 <sup>(l)</sup>  | 556 | 472 |
| Fannie Mae Pool #FM6965 2.50% 4/1/2051 <sup>(l)</sup>  | 92 | 79 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(l)</sup>  | 10168 | 9101 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(l)</sup>  | 1223 | 1097 |
| Fannie Mae Pool #MA4325 2.00% 5/1/2051 <sup>(l)</sup>  | 161691 | 132260 |
| Fannie Mae Pool #CB0396 2.50% 5/1/2051 <sup>(l)</sup>  | 5120 | 4353 |
| Fannie Mae Pool #FM7527 2.50% 5/1/2051 <sup>(l)</sup>  | 2325 | 1977 |
| Fannie Mae Pool #FM7096 2.50% 5/1/2051 <sup>(l)</sup>  | 2262 | 1928 |

---

---

| | |
|:---|:---|
| 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 #FM7408 2.50% 5/1/2051 <sup>(l)</sup>  | USD1,194 | $1015 |
| Fannie Mae Pool #CB0517 2.50% 5/1/2051 <sup>(l)</sup>  | 279 | 238 |
| Fannie Mae Pool #BT1364 3.00% 5/1/2051 <sup>(l)</sup>  | 1433 | 1283 |
| Fannie Mae Pool #FM7740 2.50% 6/1/2051 <sup>(l)</sup>  | 3246 | 2759 |
| Fannie Mae Pool #CB0844 2.50% 6/1/2051 <sup>(l)</sup>  | 814 | 692 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(l)</sup>  | 918 | 822 |
| Fannie Mae Pool #MA4378 2.00% 7/1/2051 <sup>(l)</sup>  | 74 | 60 |
| Fannie Mae Pool #CB1004 2.50% 7/1/2051 <sup>(l)</sup>  | 6981 | 5935 |
| Fannie Mae Pool #CB1134 2.50% 7/1/2051 <sup>(l)</sup>  | 3212 | 2731 |
| Fannie Mae Pool #FM9530 2.50% 7/1/2051 <sup>(l)</sup>  | 2514 | 2137 |
| Fannie Mae Pool #BT1288 2.50% 7/1/2051 <sup>(l)</sup>  | 827 | 705 |
| Fannie Mae Pool #CB1050 2.50% 7/1/2051 <sup>(l)</sup>  | 450 | 385 |
| Fannie Mae Pool #CB0998 3.00% 7/1/2051 <sup>(l)</sup>  | 7703 | 6870 |
| Fannie Mae Pool #CB1394 2.50% 8/1/2051 <sup>(l)</sup>  | 18834 | 16013 |
| Fannie Mae Pool #FM8442 2.50% 8/1/2051 <sup>(l)</sup>  | 5718 | 4884 |
| Fannie Mae Pool #CB1304 3.00% 8/1/2051 <sup>(l)</sup>  | 1071 | 951 |
| Fannie Mae Pool #FM8692 2.50% 9/1/2051 <sup>(l)</sup>  | 6930 | 5892 |
| Fannie Mae Pool #FM8436 2.50% 9/1/2051 <sup>(l)</sup>  | 3751 | 3189 |
| Fannie Mae Pool #FS1630 2.50% 9/1/2051 <sup>(l)</sup>  | 3213 | 2732 |
| Fannie Mae Pool #FM8761 2.50% 9/1/2051 <sup>(l)</sup>  | 1889 | 1610 |
| Fannie Mae Pool #FM8745 2.50% 9/1/2051 <sup>(l)</sup>  | 1557 | 1328 |
| Fannie Mae Pool #BQ7428 2.50% 9/1/2051 <sup>(l)</sup>  | 1121 | 959 |
| Fannie Mae Pool #FM8658 2.50% 9/1/2051 <sup>(l)</sup>  | 960 | 818 |
| Fannie Mae Pool #FS5125 2.50% 10/1/2051 <sup>(l)</sup>  | 2800 | 2380 |
| Fannie Mae Pool #FS3298 2.50% 10/1/2051 <sup>(l)</sup>  | 1440 | 1226 |
| Fannie Mae Pool #FS4628 3.00% 10/1/2051 <sup>(l)</sup>  | 1989 | 1780 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(l)</sup>  | 12275 | 10010 |
| Fannie Mae Pool #FM9515 2.50% 11/1/2051 <sup>(l)</sup>  | 1713 | 1466 |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(l)</sup>  | 2378 | 2116 |
| Fannie Mae Pool #MA4492 2.00% 12/1/2051 <sup>(l)</sup>  | 1559 | 1271 |
| Fannie Mae Pool #CB2319 2.50% 12/1/2051 <sup>(l)</sup>  | 3832 | 3319 |
| Fannie Mae Pool #CB2375 2.50% 12/1/2051 <sup>(l)</sup>  | 3824 | 3308 |
| Fannie Mae Pool #FM9672 2.50% 12/1/2051 <sup>(l)</sup>  | 2364 | 2014 |
| Fannie Mae Pool #CB2372 2.50% 12/1/2051 <sup>(l)</sup>  | 1854 | 1605 |
| Fannie Mae Pool #BT9483 2.50% 12/1/2051 <sup>(l)</sup>  | 1826 | 1582 |
| Fannie Mae Pool #BT9510 2.50% 12/1/2051 <sup>(l)</sup>  | 1468 | 1273 |
| Fannie Mae Pool #CB2286 2.50% 12/1/2051 <sup>(l)</sup>  | 857 | 741 |
| Fannie Mae Pool #BQ7006 2.00% 1/1/2052 <sup>(l)</sup>  | 1566 | 1276 |
| Fannie Mae Pool #FS0353 2.00% 1/1/2052 <sup>(l)</sup>  | 84 | 69 |
| Fannie Mae Pool #FS4203 2.50% 1/1/2052 <sup>(l)</sup>  | 2688 | 2286 |
| Fannie Mae Pool #FS0392 2.50% 1/1/2052 <sup>(l)</sup>  | 2411 | 2050 |
| Fannie Mae Pool #FS5613 2.50% 1/1/2052 <sup>(l)</sup>  | 2255 | 1921 |
| Fannie Mae Pool #FS6479 2.50% 1/1/2052 <sup>(l)</sup>  | 1751 | 1491 |
| Fannie Mae Pool #CB2555 2.50% 1/1/2052 <sup>(l)</sup>  | 1314 | 1117 |
| Fannie Mae Pool #FS0370 2.50% 1/1/2052 <sup>(l)</sup>  | 917 | 779 |
| Fannie Mae Pool #FS8108 2.50% 1/1/2052 <sup>(l)</sup>  | 351 | 302 |
| Fannie Mae Pool #BV3076 2.00% 2/1/2052 <sup>(l)</sup>  | 12442 | 10111 |
| Fannie Mae Pool #CB2850 2.00% 2/1/2052 <sup>(l)</sup>  | 3344 | 2717 |
| Fannie Mae Pool #MA4547 2.00% 2/1/2052 <sup>(l)</sup>  | 2004 | 1633 |
| Fannie Mae Pool #BV3083 2.00% 2/1/2052 <sup>(l)</sup>  | 781 | 634 |
| Fannie Mae Pool #FS5034 2.50% 2/1/2052 <sup>(l)</sup>  | 2257 | 1924 |
| Fannie Mae Pool #FS2660 2.50% 2/1/2052 <sup>(l)</sup>  | 1963 | 1672 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(l)</sup>  | 51628 | 46885 |
| Fannie Mae Pool #FS1194 3.00% 2/1/2052 <sup>(l)</sup>  | 10133 | 9207 |
| Fannie Mae Pool #BV3101 2.00% 3/1/2052 <sup>(l)</sup>  | 1214 | 987 |
| Fannie Mae Pool #FS1742 2.00% 3/1/2052 <sup>(l)</sup>  | 1185 | 965 |
| Fannie Mae Pool #BV4172 2.00% 3/1/2052 <sup>(l)</sup>  | 837 | 680 |
| Fannie Mae Pool #MA4562 2.00% 3/1/2052 <sup>(l)</sup>  | 805 | 655 |
| Fannie Mae Pool #FS1978 2.50% 3/1/2052 <sup>(l)</sup>  | 4972 | 4227 |
| Fannie Mae Pool #CB3744 2.50% 3/1/2052 <sup>(l)</sup>  | 1930 | 1646 |
| Fannie Mae Pool #BV4040 2.50% 3/1/2052 <sup>(l)</sup>  | 399 | 342 |
| Fannie Mae Pool #MA4563 2.50% 3/1/2052 <sup>(l)</sup>  | 47 | 40 |
| Fannie Mae Pool #CB3346 2.00% 4/1/2052 <sup>(l)</sup>  | 4865 | 3953 |
| Fannie Mae Pool #FS1598 2.00% 4/1/2052 <sup>(l)</sup>  | 1315 | 1071 |
| Fannie Mae Pool #MA4577 2.00% 4/1/2052 <sup>(l)</sup>  | 629 | 513 |
| Fannie Mae Pool #FS1629 2.50% 4/1/2052 <sup>(l)</sup>  | 1433 | 1219 |

---

---

| | |
|:---|:---|
| **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 #CB3354 2.50% 4/1/2052 <sup>(l)</sup>  | USD295 | $251 |
| Fannie Mae Pool #BV4656 2.50% 4/1/2052 <sup>(l)</sup>  | 44 | 38 |
| Fannie Mae Pool #MA4579 3.00% 4/1/2052 <sup>(l)</sup>  | 6347 | 5646 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(l)</sup>  | 290 | 279 |
| Fannie Mae Pool #MA4598 2.50% 5/1/2052 <sup>(l)</sup>  | 1299 | 1110 |
| Fannie Mae Pool #FS5387 2.50% 5/1/2052 <sup>(l)</sup>  | 712 | 606 |
| Fannie Mae Pool #BV9644 2.50% 5/1/2052 <sup>(l)</sup>  | 685 | 585 |
| Fannie Mae Pool #BT7826 2.50% 5/1/2052 <sup>(l)</sup>  | 370 | 315 |
| Fannie Mae Pool #FS7329 2.00% 6/1/2052 <sup>(l)</sup>  | 1537 | 1250 |
| Fannie Mae Pool #FS7944 2.50% 6/1/2052 <sup>(l)</sup>  | 2047 | 1743 |
| Fannie Mae Pool #BW7323 2.50% 6/1/2052 <sup>(l)</sup>  | 1414 | 1209 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(l)</sup>  | 603 | 579 |
| Fannie Mae Pool #FS6986 2.00% 7/1/2052 <sup>(l)</sup>  | 3164 | 2574 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(l)</sup>  | 22152 | 18834 |
| Fannie Mae Pool #FS6631 2.50% 7/1/2052 <sup>(l)</sup>  | 958 | 817 |
| Fannie Mae Pool #FS7057 2.50% 7/1/2052 <sup>(l)</sup>  | 934 | 795 |
| Fannie Mae Pool #FS5493 2.50% 7/1/2052 <sup>(l)</sup>  | 106 | 91 |
| Fannie Mae Pool #FA2841 3.00% 8/1/2052 <sup>(l)</sup>  | 30934 | 27465 |
| Fannie Mae Pool #FS2654 4.00% 8/1/2052 <sup>(l)</sup>  | 2924 | 2805 |
| Fannie Mae Pool #FS2805 2.50% 9/1/2052 <sup>(l)</sup>  | 884 | 754 |
| Fannie Mae Pool #MA4768 2.50% 9/1/2052 <sup>(l)</sup>  | 29 | 25 |
| Fannie Mae Pool #CB4620 5.00% 9/1/2052 <sup>(l)</sup>  | 14283 | 14444 |
| Fannie Mae Pool #MA4824 2.50% 10/1/2052 <sup>(l)</sup>  | 68 | 58 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(l)</sup>  | 3315 | 3380 |
| Fannie Mae Pool #MA4932 3.00% 1/1/2053 <sup>(l)</sup>  | 990 | 879 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(l)</sup>  | 457 | 465 |
| Fannie Mae Pool #MA4999 3.00% 3/1/2053 <sup>(l)</sup>  | 84 | 75 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(l)</sup>  | 1392 | 1422 |
| Fannie Mae Pool #MA5000 3.50% 4/1/2053 <sup>(l)</sup>  | 1829 | 1695 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(l)</sup>  | 1648 | 1660 |
| Fannie Mae Pool #FS4840 5.50% 5/1/2053 <sup>(l)</sup>  | 181 | 183 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(l)</sup>  | 79 | 81 |
| Fannie Mae Pool #BY3612 5.50% 6/1/2053 <sup>(l)</sup>  | 455 | 463 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(l)</sup>  | 285 | 290 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(l)</sup>  | 1883 | 1966 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(l)</sup>  | 691 | 717 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(l)</sup>  | 548 | 572 |
| Fannie Mae Pool #FS7823 2.00% 7/1/2053 <sup>(l)</sup>  | 5392 | 4387 |
| Fannie Mae Pool #FS6037 2.50% 7/1/2053 <sup>(l)</sup>  | 39 | 33 |
| Fannie Mae Pool #MA5131 3.50% 7/1/2053 <sup>(l)</sup>  | 30 | 28 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(l)</sup>  | 1083 | 1100 |
| Fannie Mae Pool #MA5105 4.50% 8/1/2053 <sup>(l)</sup>  | 6797 | 6678 |
| Fannie Mae Pool #FS6666 5.50% 8/1/2053 <sup>(l)</sup>  | 17018 | 17333 |
| Fannie Mae Pool #CB7108 5.50% 9/1/2053 <sup>(l)</sup>  | 8482 | 8640 |
| Fannie Mae Pool #MA5139 6.00% 9/1/2053 <sup>(l)</sup>  | 643 | 662 |
| Fannie Mae Pool #CB7332 5.50% 10/1/2053 <sup>(l)</sup>  | 16737 | 17040 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(l)</sup>  | 5035 | 5181 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(l)</sup>  | 786 | 799 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(l)</sup>  | 963 | 992 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(l)</sup>  | 54 | 56 |
| Fannie Mae Pool #CB7617 6.00% 12/1/2053 <sup>(l)</sup>  | 6485 | 6659 |
| Fannie Mae Pool #MA5247 6.00% 1/1/2054 <sup>(l)</sup>  | 113 | 116 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(l)</sup>  | 12831 | 13303 |
| Fannie Mae Pool #CB7932 6.00% 2/1/2054 <sup>(l)</sup>  | 7210 | 7416 |
| Fannie Mae Pool #CB7933 6.50% 2/1/2054 <sup>(l)</sup>  | 3523 | 3648 |
| Fannie Mae Pool #CB8148 5.50% 3/1/2054 <sup>(l)</sup>  | 2247 | 2290 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(l)</sup>  | 1113 | 1132 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(l)</sup>  | 3235 | 3331 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(l)</sup>  | 30 | 30 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(l)</sup>  | 15092 | 15346 |
| Fannie Mae Pool #MA5328 6.00% 4/1/2054 <sup>(l)</sup>  | 1 | 1 |
| Fannie Mae Pool #DB5160 5.50% 5/1/2054 <sup>(l)</sup>  | 1023 | 1040 |
| Fannie Mae Pool #FS8131 5.50% 6/1/2054 <sup>(l)</sup>  | 2989 | 3062 |
| Fannie Mae Pool #MA5388 5.50% 6/1/2054 <sup>(l)</sup>  | 1648 | 1673 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(l)</sup>  | 2048 | 2127 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(l)</sup>  | 1059 | 1086 |

---

---

| | |
|:---|:---|
| 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 #FS8223 6.00% 6/1/2054 <sup>(l)</sup>  | USD398 | $409 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(l)</sup>  | 346 | 358 |
| Fannie Mae Pool #CB8755 6.00% 6/1/2054 <sup>(l)</sup>  | 61 | 63 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(l)</sup>  | 3687 | 3817 |
| Fannie Mae Pool #DB5213 5.50% 7/1/2054 <sup>(l)</sup>  | 1053 | 1068 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(l)</sup>  | 1024 | 1046 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(l)</sup>  | 7103 | 7274 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(l)</sup>  | 1694 | 1747 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(l)</sup>  | 1416 | 1462 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(l)</sup>  | 1005 | 1048 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(l)</sup>  | 726 | 743 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(l)</sup>  | 290 | 299 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(l)</sup>  | 87 | 89 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(l)</sup>  | 8204 | 8404 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(l)</sup>  | 1907 | 1955 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(l)</sup>  | 846 | 880 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(l)</sup>  | 423 | 435 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(l)</sup>  | 382 | 393 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(l)</sup>  | 344 | 355 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(l)</sup>  | 242 | 248 |
| Fannie Mae Pool #DB4468 6.00% 8/1/2054 <sup>(l)</sup>  | 171 | 176 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(l)</sup>  | 145 | 149 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(l)</sup>  | 121 | 126 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(l)</sup>  | 111 | 116 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(l)</sup>  | 1307 | 1362 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(l)</sup>  | 756 | 782 |
| Fannie Mae Pool #FS9025 5.50% 9/1/2054 <sup>(l)</sup>  | 3649 | 3740 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(l)</sup>  | 428 | 434 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(l)</sup>  | 828 | 853 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(l)</sup>  | 24 | 25 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(l)</sup>  | 12 | 12 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(l)</sup>  | 2328 | 2410 |
| Fannie Mae Pool #MA5497 5.50% 10/1/2054 <sup>(l)</sup>  | 2623 | 2662 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(l)</sup>  | 5482 | 5617 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(l)</sup>  | 913 | 935 |
| Fannie Mae Pool #CB9616 5.50% 12/1/2054 <sup>(l)</sup>  | 2154 | 2196 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(l)</sup>  | 22948 | 23502 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(l)</sup>  | 4183 | 4284 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(l)</sup>  | 503 | 516 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(l)</sup>  | 7816 | 8005 |
| Fannie Mae Pool #DD0835 6.00% 1/1/2055 <sup>(l)</sup>  | 4035 | 4133 |
| Fannie Mae Pool #CB9840 6.50% 1/1/2055 <sup>(l)</sup>  | 13361 | 13865 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(l)</sup>  | 749 | 767 |
| Fannie Mae Pool #DD2501 6.00% 2/1/2055 <sup>(l)</sup>  | 659 | 676 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(l)</sup>  | 1341 | 1316 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(l)</sup>  | 7000 | 7169 |
| Fannie Mae Pool #190445 6.50% 3/1/2055 <sup>(l)</sup>  | 32530 | 33679 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(l)</sup>  | 5828 | 6038 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(l)</sup>  | 1426 | 1399 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(l)</sup>  | 10048 | 10290 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(l)</sup>  | 18 | 19 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(l)</sup>  | 18 | 18 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(l)</sup>  | 18601 | 19051 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(l)</sup>  | 2608 | 2610 |
| Fannie Mae Pool #DE2033 6.00% 6/1/2055 <sup>(l)</sup>  | 34 | 35 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(l)</sup>  | 177 | 181 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(l)</sup>  | 19619 | 20323 |
| Fannie Mae Pool #MA5762 6.50% 7/1/2055 <sup>(l)</sup>  | 8311 | 8603 |
| Fannie Mae Pool #CC0859 5.50% 8/1/2055 <sup>(l)</sup>  | 9922 | 10176 |
| Fannie Mae Pool #MA5792 5.50% 8/1/2055 <sup>(l)</sup>  | 1807 | 1834 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(l)</sup>  | 1009 | 1033 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(l)</sup>  | 128 | 134 |
| Fannie Mae Pool #MA5822 5.50% 9/1/2055 <sup>(l)</sup>  | 141 | 143 |
| Fannie Mae Pool #BF0133 4.00% 8/1/2056 <sup>(l)</sup>  | 3369 | 3230 |
| Fannie Mae Pool #BF0167 3.00% 2/1/2057 <sup>(l)</sup>  | 690 | 608 |
| Fannie Mae Pool #BF0264 3.50% 5/1/2058 <sup>(l)</sup>  | 10043 | 9234 |

---

---

| | |
|:---|:---|
| **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 #BF0332 3.00% 1/1/2059 <sup>(l)</sup>  | USD51,507 | $45248 |
| Fannie Mae Pool #BM6736 4.50% 11/1/2059 <sup>(l)</sup>  | 17359 | 17187 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(l)</sup>  | 12261 | 10710 |
| Fannie Mae Pool #BF0546 2.50% 7/1/2061 <sup>(l)</sup>  | 10762 | 8918 |
| Fannie Mae Pool #BF0548 3.00% 7/1/2061 <sup>(l)</sup>  | 4336 | 3761 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(l)</sup>  | 661 | 573 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(l)</sup>  | 23376 | 21286 |
| Fannie Mae Pool #BF0786 4.00% 12/1/2063 <sup>(l)</sup>  | 4130 | 3902 |
| Fannie Mae, Series 2007-24, Class P, 6.00% 3/25/2037 <sup>(l)</sup>  | 105 | 111 |
| Fannie Mae, Series 2007-33, Class HE, 5.50% 4/25/2037 <sup>(l)</sup>  | 225 | 234 |
| Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/2041 <sup>(l)</sup>  | 41 | 42 |
| Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041 <sup>(l)</sup>  | 65 | 68 |
| Fannie Mae, Series 2001-T10, Class A1, 7.00% 12/25/2041 <sup>(l)</sup>  | 66 | 68 |
| Fannie Mae, Series 2002-W1, Class 2A, 4.335% 2/25/2042 <sup>(i)(l)</sup>  | 153 | 154 |
| Freddie Mac Pool #J38387 3.00% 1/1/2033 <sup>(l)</sup>  | 17 | 17 |
| Freddie Mac Pool #G04805 4.50% 12/1/2035 <sup>(l)</sup>  | 1563 | 1574 |
| Freddie Mac Pool #K93772 3.00% 12/1/2036 <sup>(l)</sup>  | 281 | 265 |
| Freddie Mac Pool #K93766 3.00% 12/1/2036 <sup>(l)</sup>  | 273 | 257 |
| Freddie Mac Pool #G04553 6.50% 9/1/2038 <sup>(l)</sup>  | 191 | 203 |
| Freddie Mac Pool #G08353 4.50% 7/1/2039 <sup>(l)</sup>  | 143 | 144 |
| Freddie Mac Pool #A87892 5.00% 8/1/2039 <sup>(l)</sup>  | 344 | 356 |
| Freddie Mac Pool #A87873 5.00% 8/1/2039 <sup>(l)</sup>  | 138 | 141 |
| Freddie Mac Pool #G05937 4.50% 8/1/2040 <sup>(l)</sup>  | 2202 | 2215 |
| Freddie Mac Pool #RB5071 2.00% 9/1/2040 <sup>(l)</sup>  | 26117 | 23167 |
| Freddie Mac Pool #A96488 5.00% 1/1/2041 <sup>(l)</sup>  | 13 | 13 |
| Freddie Mac Pool #SC0149 2.00% 3/1/2041 <sup>(l)</sup>  | 23243 | 20474 |
| Freddie Mac Pool #Q02849 4.50% 8/1/2041 <sup>(l)</sup>  | 167 | 167 |
| Freddie Mac Pool #Q02676 4.50% 8/1/2041 <sup>(l)</sup>  | 139 | 138 |
| Freddie Mac Pool #G07189 4.50% 3/1/2042 <sup>(l)</sup>  | 308 | 311 |
| Freddie Mac Pool #G07221 4.50% 6/1/2042 <sup>(l)</sup>  | 464 | 467 |
| Freddie Mac Pool #Q23190 4.00% 11/1/2043 <sup>(l)</sup>  | 1015 | 996 |
| Freddie Mac Pool #Q23185 4.00% 11/1/2043 <sup>(l)</sup>  | 762 | 751 |
| Freddie Mac Pool #Z40130 3.00% 1/1/2046 <sup>(l)</sup>  | 3782 | 3519 |
| Freddie Mac Pool #G60559 4.00% 4/1/2046 <sup>(l)</sup>  | 4491 | 4380 |
| Freddie Mac Pool #Q41090 4.50% 6/1/2046 <sup>(l)</sup>  | 512 | 513 |
| Freddie Mac Pool #Q41909 4.50% 7/1/2046 <sup>(l)</sup>  | 882 | 885 |
| Freddie Mac Pool #V82662 4.00% 10/1/2046 <sup>(l)</sup>  | 2979 | 2905 |
| Freddie Mac Pool #Q44400 4.00% 11/1/2046 <sup>(l)</sup>  | 2689 | 2623 |
| Freddie Mac Pool #SD0470 4.00% 11/1/2047 <sup>(l)</sup>  | 5434 | 5276 |
| Freddie Mac Pool #G61733 3.00% 12/1/2047 <sup>(l)</sup>  | 4977 | 4562 |
| Freddie Mac Pool #ZT2265 4.00% 8/1/2048 <sup>(l)</sup>  | 3444 | 3352 |
| Freddie Mac Pool #G61628 3.50% 9/1/2048 <sup>(l)</sup>  | 463 | 437 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(l)</sup>  | 294 | 293 |
| Freddie Mac Pool #SD0045 4.50% 11/1/2048 <sup>(l)</sup>  | 9026 | 9001 |
| Freddie Mac Pool #ZN3568 4.50% 2/1/2049 <sup>(l)</sup>  | 7 | 7 |
| Freddie Mac Pool #SD7503 3.50% 8/1/2049 <sup>(l)</sup>  | 2612 | 2457 |
| Freddie Mac Pool #SD7508 3.50% 10/1/2049 <sup>(l)</sup>  | 10654 | 10023 |
| Freddie Mac Pool #QA4396 2.50% 11/1/2049 <sup>(l)</sup>  | 15 | 13 |
| Freddie Mac Pool #RA1744 4.00% 11/1/2049 <sup>(l)</sup>  | 11989 | 11624 |
| Freddie Mac Pool #QA5125 3.50% 12/1/2049 <sup>(l)</sup>  | 14572 | 13747 |
| Freddie Mac Pool #RA2854 2.50% 6/1/2050 <sup>(l)</sup>  | 243 | 207 |
| Freddie Mac Pool #RA3022 2.50% 6/1/2050 <sup>(l)</sup>  | 44 | 38 |
| Freddie Mac Pool #QB1397 2.50% 7/1/2050 <sup>(l)</sup>  | 2222 | 1892 |
| Freddie Mac Pool #RA3054 2.50% 7/1/2050 <sup>(l)</sup>  | 1260 | 1073 |
| Freddie Mac Pool #RA3055 2.50% 7/1/2050 <sup>(l)</sup>  | 191 | 163 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(l)</sup>  | 319 | 286 |
| Freddie Mac Pool #QB3745 2.50% 9/1/2050 <sup>(l)</sup>  | 388 | 333 |
| Freddie Mac Pool #RA3515 2.50% 9/1/2050 <sup>(l)</sup>  | 105 | 90 |
| Freddie Mac Pool #RA3506 3.00% 9/1/2050 <sup>(l)</sup>  | 2600 | 2327 |
| Freddie Mac Pool #SD7525 2.50% 10/1/2050 <sup>(l)</sup>  | 11737 | 10212 |
| Freddie Mac Pool #RA3771 2.50% 10/1/2050 <sup>(l)</sup>  | 7018 | 5984 |
| Freddie Mac Pool #SD8106 2.00% 11/1/2050 <sup>(l)</sup>  | 44524 | 36503 |
| Freddie Mac Pool #SD7528 2.00% 11/1/2050 <sup>(l)</sup>  | 17571 | 14602 |
| Freddie Mac Pool #RA3987 2.50% 11/1/2050 <sup>(l)</sup>  | 8767 | 7540 |
| Freddie Mac Pool #QB5662 2.50% 11/1/2050 <sup>(l)</sup>  | 947 | 812 |
| Freddie Mac Pool #QB5799 2.50% 11/1/2050 <sup>(l)</sup>  | 54 | 46 |

---

---

| | |
|:---|:---|
| 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)** |
| Freddie Mac Pool #RA4206 2.50% 12/1/2050 <sup>(l)</sup>  | USD13,032 | $11088 |
| Freddie Mac Pool #RA4179 2.50% 12/1/2050 <sup>(l)</sup>  | 1816 | 1547 |
| Freddie Mac Pool #RA4216 2.50% 12/1/2050 <sup>(l)</sup>  | 18 | 16 |
| Freddie Mac Pool #QB7147 2.50% 1/1/2051 <sup>(l)</sup>  | 281 | 241 |
| Freddie Mac Pool #SD0554 2.50% 3/1/2051 <sup>(l)</sup>  | 2155 | 1833 |
| Freddie Mac Pool #QC1187 2.50% 4/1/2051 <sup>(l)</sup>  | 1818 | 1550 |
| Freddie Mac Pool #SD0566 2.50% 4/1/2051 <sup>(l)</sup>  | 1285 | 1092 |
| Freddie Mac Pool #SI2108 2.50% 4/1/2051 <sup>(l)</sup>  | 847 | 721 |
| Freddie Mac Pool #RA5288 2.00% 5/1/2051 <sup>(l)</sup>  | 9645 | 7941 |
| Freddie Mac Pool #RA5155 2.00% 5/1/2051 <sup>(l)</sup>  | 51 | 41 |
| Freddie Mac Pool #QC1292 2.50% 5/1/2051 <sup>(l)</sup>  | 2776 | 2373 |
| Freddie Mac Pool #SI2106 2.50% 5/1/2051 <sup>(l)</sup>  | 253 | 217 |
| Freddie Mac Pool #RA5286 2.50% 5/1/2051 <sup>(l)</sup>  | 55 | 47 |
| Freddie Mac Pool #RA5267 3.00% 5/1/2051 <sup>(l)</sup>  | 1614 | 1444 |
| Freddie Mac Pool #SD1852 2.50% 6/1/2051 <sup>(l)</sup>  | 4885 | 4163 |
| Freddie Mac Pool #SD3095 2.50% 7/1/2051 <sup>(l)</sup>  | 4580 | 3897 |
| Freddie Mac Pool #RA5559 2.50% 7/1/2051 <sup>(l)</sup>  | 3657 | 3109 |
| Freddie Mac Pool #QC3551 2.50% 7/1/2051 <sup>(l)</sup>  | 832 | 712 |
| Freddie Mac Pool #QC4225 2.50% 7/1/2051 <sup>(l)</sup>  | 450 | 386 |
| Freddie Mac Pool #SD7544 3.00% 7/1/2051 <sup>(l)</sup>  | 568 | 515 |
| Freddie Mac Pool #QC5575 2.50% 8/1/2051 <sup>(l)</sup>  | 76 | 65 |
| Freddie Mac Pool #QC5857 3.00% 8/1/2051 <sup>(l)</sup>  | 1178 | 1046 |
| Freddie Mac Pool #SD8166 2.00% 9/1/2051 <sup>(l)</sup>  | 754 | 616 |
| Freddie Mac Pool #RA5759 2.50% 9/1/2051 <sup>(l)</sup>  | 4124 | 3506 |
| Freddie Mac Pool #SD7545 2.50% 9/1/2051 <sup>(l)</sup>  | 3245 | 2824 |
| Freddie Mac Pool #RA5767 2.50% 9/1/2051 <sup>(l)</sup>  | 1713 | 1457 |
| Freddie Mac Pool #SD5485 2.50% 9/1/2051 <sup>(l)</sup>  | 1034 | 882 |
| Freddie Mac Pool #RA5782 2.50% 9/1/2051 <sup>(l)</sup>  | 495 | 430 |
| Freddie Mac Pool #RA5971 3.00% 9/1/2051 <sup>(l)</sup>  | 21686 | 19632 |
| Freddie Mac Pool #QC6456 3.00% 9/1/2051 <sup>(l)</sup>  | 4009 | 3559 |
| Freddie Mac Pool #RA5901 3.00% 9/1/2051 <sup>(l)</sup>  | 1559 | 1395 |
| Freddie Mac Pool #SD1345 2.50% 10/1/2051 <sup>(l)</sup>  | 11193 | 9540 |
| Freddie Mac Pool #QC8196 2.50% 10/1/2051 <sup>(l)</sup>  | 2942 | 2502 |
| Freddie Mac Pool #RA6136 2.50% 10/1/2051 <sup>(l)</sup>  | 1317 | 1119 |
| Freddie Mac Pool #SD2880 3.00% 10/1/2051 <sup>(l)</sup>  | 4116 | 3683 |
| Freddie Mac Pool #SD0734 3.00% 10/1/2051 <sup>(l)</sup>  | 1353 | 1224 |
| Freddie Mac Pool #QD1841 2.00% 11/1/2051 <sup>(l)</sup>  | 1958 | 1592 |
| Freddie Mac Pool #QC9561 2.50% 11/1/2051 <sup>(l)</sup>  | 1137 | 967 |
| Freddie Mac Pool #RA6347 3.00% 11/1/2051 <sup>(l)</sup>  | 1670 | 1495 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(l)</sup>  | 778 | 635 |
| Freddie Mac Pool #QD2900 2.00% 12/1/2051 <sup>(l)</sup>  | 363 | 295 |
| Freddie Mac Pool #RA6483 2.50% 12/1/2051 <sup>(l)</sup>  | 3169 | 2741 |
| Freddie Mac Pool #QD3226 2.50% 12/1/2051 <sup>(l)</sup>  | 629 | 535 |
| Freddie Mac Pool #SD8183 2.50% 12/1/2051 <sup>(l)</sup>  | 168 | 144 |
| Freddie Mac Pool #RA6652 2.50% 1/1/2052 <sup>(l)</sup>  | 548 | 467 |
| Freddie Mac Pool #SD7552 2.50% 1/1/2052 <sup>(l)</sup>  | 116 | 100 |
| Freddie Mac Pool #SD7551 3.00% 1/1/2052 <sup>(l)</sup>  | 49913 | 45060 |
| Freddie Mac Pool #SD0813 3.00% 1/1/2052 <sup>(l)</sup>  | 402 | 364 |
| Freddie Mac Pool #SD0803 3.00% 1/1/2052 <sup>(l)</sup>  | 316 | 283 |
| Freddie Mac Pool #RA6771 2.00% 2/1/2052 <sup>(l)</sup>  | 1109 | 902 |
| Freddie Mac Pool #SD8193 2.00% 2/1/2052 <sup>(l)</sup>  | 796 | 649 |
| Freddie Mac Pool #SD0902 2.50% 2/1/2052 <sup>(l)</sup>  | 6558 | 5576 |
| Freddie Mac Pool #QD6848 2.50% 2/1/2052 <sup>(l)</sup>  | 1303 | 1111 |
| Freddie Mac Pool #QD7187 2.50% 2/1/2052 <sup>(l)</sup>  | 772 | 658 |
| Freddie Mac Pool #QE0849 2.50% 2/1/2052 <sup>(l)</sup>  | 450 | 383 |
| Freddie Mac Pool #QD7089 3.50% 2/1/2052 <sup>(l)</sup>  | 2373 | 2212 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(l)</sup>  | 4074 | 3314 |
| Freddie Mac Pool #SD5343 2.00% 3/1/2052 <sup>(l)</sup>  | 2647 | 2153 |
| Freddie Mac Pool #SD8199 2.00% 3/1/2052 <sup>(l)</sup>  | 1540 | 1254 |
| Freddie Mac Pool #QD8010 2.00% 3/1/2052 <sup>(l)</sup>  | 889 | 722 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(l)</sup>  | 165 | 134 |
| Freddie Mac Pool #SD3226 2.50% 3/1/2052 <sup>(l)</sup>  | 2910 | 2479 |
| Freddie Mac Pool #QE0957 2.50% 3/1/2052 <sup>(l)</sup>  | 167 | 143 |
| Freddie Mac Pool #RA7091 2.50% 3/1/2052 <sup>(l)</sup>  | 80 | 68 |
| Freddie Mac Pool #SD7553 3.00% 3/1/2052 <sup>(l)</sup>  | 4881 | 4398 |
| Freddie Mac Pool #SD8204 2.00% 4/1/2052 <sup>(l)</sup>  | 1216 | 990 |

---

---

| | |
|:---|:---|
| **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 #QE0312 2.00% 4/1/2052 <sup>(l)</sup>  | USD900 | $731 |
| Freddie Mac Pool #SD3478 2.50% 4/1/2052 <sup>(l)</sup>  | 7762 | 6599 |
| Freddie Mac Pool #SD7554 2.50% 4/1/2052 <sup>(l)</sup>  | 1722 | 1494 |
| Freddie Mac Pool #RA7177 2.50% 4/1/2052 <sup>(l)</sup>  | 256 | 218 |
| Freddie Mac Pool #QE1005 2.50% 4/1/2052 <sup>(l)</sup>  | 174 | 149 |
| Freddie Mac Pool #QE1102 2.50% 4/1/2052 <sup>(l)</sup>  | 164 | 140 |
| Freddie Mac Pool #QE0292 2.50% 4/1/2052 <sup>(l)</sup>  | 155 | 132 |
| Freddie Mac Pool #SD1099 2.50% 5/1/2052 <sup>(l)</sup>  | 124 | 107 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(l)</sup>  | 6517 | 5801 |
| Freddie Mac Pool #SD8219 2.50% 6/1/2052 <sup>(l)</sup>  | 806 | 688 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(l)</sup>  | 7834 | 6963 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(l)</sup>  | 72452 | 61599 |
| Freddie Mac Pool #SD4815 2.50% 7/1/2052 <sup>(l)</sup>  | 365 | 311 |
| Freddie Mac Pool #SD8224 2.50% 7/1/2052 <sup>(l)</sup>  | 309 | 264 |
| Freddie Mac Pool #SD3416 2.50% 7/1/2052 <sup>(l)</sup>  | 270 | 229 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(l)</sup>  | 146 | 124 |
| Freddie Mac Pool #SL0012 3.50% 7/1/2052 <sup>(l)</sup>  | 32 | 30 |
| Freddie Mac Pool #SD1502 4.00% 7/1/2052 <sup>(l)</sup>  | 4840 | 4653 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(l)</sup>  | 732 | 595 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(l)</sup>  | 8882 | 7991 |
| Freddie Mac Pool #QE8579 4.50% 8/1/2052 <sup>(l)</sup>  | 206 | 203 |
| Freddie Mac Pool #QE9497 4.50% 9/1/2052 <sup>(l)</sup>  | 211 | 209 |
| Freddie Mac Pool #SD2465 4.50% 10/1/2052 <sup>(l)</sup>  | 89 | 87 |
| Freddie Mac Pool #RA8544 5.50% 2/1/2053 <sup>(l)</sup>  | 16693 | 17007 |
| Freddie Mac Pool #SD8327 3.50% 4/1/2053 <sup>(l)</sup>  | 374 | 347 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(l)</sup>  | 2523 | 2542 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(l)</sup>  | 1283 | 1306 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(l)</sup>  | 884 | 921 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(l)</sup>  | 796 | 831 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(l)</sup>  | 757 | 798 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(l)</sup>  | 743 | 782 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(l)</sup>  | 505 | 533 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(l)</sup>  | 425 | 448 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(l)</sup>  | 257 | 267 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(l)</sup>  | 240 | 256 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(l)</sup>  | 4955 | 5042 |
| Freddie Mac Pool #QG7411 5.50% 7/1/2053 <sup>(l)</sup>  | 714 | 728 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(l)</sup>  | 297 | 310 |
| Freddie Mac Pool #QG9084 5.50% 8/1/2053 <sup>(l)</sup>  | 3311 | 3368 |
| Freddie Mac Pool #QG9008 5.50% 8/1/2053 <sup>(l)</sup>  | 3226 | 3284 |
| Freddie Mac Pool #QG9628 5.50% 8/1/2053 <sup>(l)</sup>  | 2567 | 2610 |
| Freddie Mac Pool #QG9141 5.50% 8/1/2053 <sup>(l)</sup>  | 1923 | 1959 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(l)</sup>  | 189 | 192 |
| Freddie Mac Pool #SD8363 6.00% 9/1/2053 <sup>(l)</sup>  | 2780 | 2852 |
| Freddie Mac Pool #SD4571 5.50% 11/1/2053 <sup>(l)</sup>  | 24943 | 25405 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(l)</sup>  | 69 | 72 |
| Freddie Mac Pool #SD4816 2.50% 1/1/2054 <sup>(l)</sup>  | 110 | 94 |
| Freddie Mac Pool #SD5856 3.50% 1/1/2054 <sup>(l)</sup>  | 11906 | 11031 |
| Freddie Mac Pool #RJ0668 6.00% 1/1/2054 <sup>(l)</sup>  | 5688 | 5847 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(l)</sup>  | 99 | 102 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(l)</sup>  | 399 | 414 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(l)</sup>  | 615 | 625 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(l)</sup>  | 3986 | 4094 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(l)</sup>  | 2135 | 2168 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(l)</sup>  | 363 | 371 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(l)</sup>  | 264 | 268 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(l)</sup>  | 1547 | 1596 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(l)</sup>  | 160 | 166 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(l)</sup>  | 222 | 231 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(l)</sup>  | 1788 | 1833 |
| Freddie Mac Pool #RJ1785 6.00% 6/1/2054 <sup>(l)</sup>  | 2602 | 2684 |
| Freddie Mac Pool #RJ1779 6.00% 6/1/2054 <sup>(l)</sup>  | 1862 | 1935 |
| Freddie Mac Pool #SD5691 6.00% 6/1/2054 <sup>(l)</sup>  | 126 | 129 |
| Freddie Mac Pool #QI9074 6.00% 6/1/2054 <sup>(l)</sup>  | 90 | 93 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(l)</sup>  | 30 | 31 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(l)</sup>  | 3183 | 3230 |

---

---

| | |
|:---|:---|
| 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 #QI8872 5.50% 7/1/2054 <sup>(l)</sup>  | USD523 | $534 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(l)</sup>  | 3029 | 3157 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(l)</sup>  | 2198 | 2271 |
| Freddie Mac Pool #SD8447 6.00% 7/1/2054 <sup>(l)</sup>  | 1219 | 1249 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(l)</sup>  | 829 | 852 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(l)</sup>  | 733 | 756 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(l)</sup>  | 284 | 292 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(l)</sup>  | 22020 | 22798 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(l)</sup>  | 970 | 986 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(l)</sup>  | 597 | 607 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(l)</sup>  | 559 | 570 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(l)</sup>  | 97 | 98 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(l)</sup>  | 5061 | 5184 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(l)</sup>  | 3309 | 3450 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(l)</sup>  | 1072 | 1102 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(l)</sup>  | 512 | 528 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(l)</sup>  | 364 | 373 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(l)</sup>  | 13 | 13 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(l)</sup>  | 6649 | 6884 |
| Freddie Mac Pool #QJ1576 6.50% 8/1/2054 <sup>(l)</sup>  | 2133 | 2211 |
| Freddie Mac Pool #RJ2222 6.50% 8/1/2054 <sup>(l)</sup>  | 584 | 609 |
| Freddie Mac Pool #RJ2247 6.50% 8/1/2054 <sup>(l)</sup>  | 483 | 503 |
| Freddie Mac Pool #RJ2228 6.50% 8/1/2054 <sup>(l)</sup>  | 245 | 254 |
| Freddie Mac Pool #SD6328 5.50% 9/1/2054 <sup>(l)</sup>  | 1923 | 1973 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(l)</sup>  | 1677 | 1705 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(l)</sup>  | 859 | 872 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(l)</sup>  | 706 | 725 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(l)</sup>  | 643 | 656 |
| Freddie Mac Pool #SD8463 6.00% 9/1/2054 <sup>(l)</sup>  | 2596 | 2661 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(l)</sup>  | 1810 | 1865 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(l)</sup>  | 960 | 989 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(l)</sup>  | 898 | 937 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(l)</sup>  | 883 | 918 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(l)</sup>  | 547 | 561 |
| Freddie Mac Pool #SD6404 6.50% 9/1/2054 <sup>(l)</sup>  | 7700 | 8000 |
| Freddie Mac Pool #QJ5643 6.50% 9/1/2054 <sup>(l)</sup>  | 2758 | 2855 |
| Freddie Mac Pool #SD8464 6.50% 9/1/2054 <sup>(l)</sup>  | 2080 | 2154 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(l)</sup>  | 282 | 293 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(l)</sup>  | 186 | 194 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(l)</sup>  | 81 | 84 |
| Freddie Mac Pool #RJ2664 5.00% 10/1/2054 <sup>(l)</sup>  | 2404 | 2408 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(l)</sup>  | 8566 | 8693 |
| Freddie Mac Pool #SL1418 6.00% 10/1/2054 <sup>(l)</sup>  | 555 | 569 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(l)</sup>  | 11275 | 11290 |
| Freddie Mac Pool #RJ2913 5.50% 11/1/2054 <sup>(l)</sup>  | 8295 | 8428 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(l)</sup>  | 3836 | 3896 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(l)</sup>  | 313 | 318 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(l)</sup>  | 1241 | 1272 |
| Freddie Mac Pool #SD8493 5.50% 12/1/2054 <sup>(l)</sup>  | 4699 | 4769 |
| Freddie Mac Pool #QX0376 5.50% 12/1/2054 <sup>(l)</sup>  | 1724 | 1758 |
| Freddie Mac Pool #QX1233 6.00% 12/1/2054 <sup>(l)</sup>  | 361 | 370 |
| Freddie Mac Pool #QX1087 6.00% 12/1/2054 <sup>(l)</sup>  | 260 | 266 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(l)</sup>  | 7587 | 7771 |
| Freddie Mac Pool #QX4065 6.00% 1/1/2055 <sup>(l)</sup>  | 2939 | 3011 |
| Freddie Mac Pool #QX3576 6.00% 1/1/2055 <sup>(l)</sup>  | 294 | 302 |
| Freddie Mac Pool #SD8506 5.50% 2/1/2055 <sup>(l)</sup>  | 76 | 77 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(l)</sup>  | 13836 | 14171 |
| Freddie Mac Pool #SL0588 3.50% 3/1/2055 <sup>(l)</sup>  | 917 | 850 |
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(l)</sup>  | 1162 | 1190 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(l)</sup>  | 973 | 997 |
| Freddie Mac Pool #QX9923 6.00% 3/1/2055 <sup>(l)</sup>  | 100 | 104 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(l)</sup>  | 27306 | 28271 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(l)</sup>  | 1704 | 1705 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(l)</sup>  | 10540 | 10796 |
| Freddie Mac Pool #SL1413 6.00% 4/1/2055 <sup>(l)</sup>  | 7512 | 7696 |
| Freddie Mac Pool #SL0796 6.00% 4/1/2055 <sup>(l)</sup>  | 7456 | 7638 |

---

---

| | |
|:---|:---|
| **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 #QY0236 6.00% 4/1/2055 <sup>(l)</sup>  | USD6,859 | $7027 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(l)</sup>  | 1590 | 1628 |
| Freddie Mac Pool #QX9672 6.00% 4/1/2055 <sup>(l)</sup>  | 472 | 484 |
| Freddie Mac Pool #QY3774 6.00% 5/1/2055 <sup>(l)</sup>  | 9807 | 10048 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(l)</sup>  | 1164 | 1193 |
| Freddie Mac Pool #QY3449 6.00% 5/1/2055 <sup>(l)</sup>  | 877 | 899 |
| Freddie Mac Pool #SL1138 6.00% 5/1/2055 <sup>(l)</sup>  | 640 | 656 |
| Freddie Mac Pool #SL1137 6.00% 5/1/2055 <sup>(l)</sup>  | 590 | 604 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(l)</sup>  | 1355 | 1356 |
| Freddie Mac Pool #RQ0015 6.50% 6/1/2055 <sup>(l)</sup>  | 11148 | 11542 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(l)</sup>  | 10628 | 10637 |
| Freddie Mac Pool #RQ0027 5.50% 7/1/2055 <sup>(l)</sup>  | 128 | 130 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(l)</sup>  | 4730 | 4844 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(l)</sup>  | 336 | 344 |
| Freddie Mac Pool #SL2625 6.50% 7/1/2055 <sup>(l)</sup>  | 5429 | 5620 |
| Freddie Mac Pool #QZ0219 6.00% 8/1/2055 <sup>(l)</sup>  | 448 | 459 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(l)</sup>  | 168 | 172 |
| Freddie Mac Pool #RQ0049 5.50% 9/1/2055 <sup>(l)</sup>  | 18 | 18 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(l)</sup>  | 42 | 43 |
| Freddie Mac Pool #RQ0056 5.50% 10/1/2055 <sup>(l)</sup>  | 15477 | 15704 |
| Freddie Mac Pool #RQ0081 3.50% 1/1/2056 <sup>(l)</sup>  | 995 | 921 |
| Freddie Mac, Series 3257, Class PA, 5.50% 12/15/2036 <sup>(l)</sup>  | 225 | 235 |
| Freddie Mac, Series 3286, Class JN, 5.50% 2/15/2037 <sup>(l)</sup>  | 164 | 171 |
| Freddie Mac, Series 3318, Class JT, 5.50% 5/15/2037 <sup>(l)</sup>  | 97 | 101 |
| Freddie Mac, Series K755, Class A2, Multi Family, 5.203% 2/25/2031 <sup>(l)</sup>  | 21362 | 22390 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class HA, 3.00% 1/25/2056 <sup>(l)</sup>  | 1622 | 1549 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-1, Class MA, 3.00% 1/25/2056 <sup>(l)</sup>  | 254 | 240 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HA, 3.25% 7/25/2056 <sup>(i)(l)</sup>  | 1630 | 1568 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(l)</sup>  | 2528 | 2397 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(i)(l)</sup>  | 2439 | 2327 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(i)(l)</sup>  | 475 | 435 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(l)</sup>  | 390 | 353 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/2057 <sup>(l)</sup>  | 771 | 761 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA, 3.50% 8/26/2058 <sup>(l)</sup>  | 4574 | 4454 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(l)</sup>  | 3371 | 3172 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-2, Class A1, 3.50% 11/25/2028 <sup>(l)</sup>  | 1698 | 1671 |
| Government National Mortgage Assn. 2.00% 2/1/2056 <sup>(l)(m)</sup>  | 2500 | 2080 |
| Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 <sup>(l)</sup>  | 236 | 234 |
| Government National Mortgage Assn. Pool #BD3903 4.00% 1/20/2048 <sup>(l)</sup>  | 4015 | 3818 |
| Government National Mortgage Assn. Pool #BE3194 4.00% 1/20/2048 <sup>(l)</sup>  | 912 | 868 |
| Government National Mortgage Assn. Pool #MA5192 4.00% 5/20/2048 <sup>(l)</sup>  | 2982 | 2879 |
| Government National Mortgage Assn. Pool #MA6217 2.50% 10/20/2049 <sup>(l)</sup>  | 26 | 22 |
| Government National Mortgage Assn. Pool #MA7051 2.00% 12/20/2050 <sup>(l)</sup>  | 49051 | 40859 |
| Government National Mortgage Assn. Pool #MA7533 2.00% 8/20/2051 <sup>(l)</sup>  | 2008 | 1672 |
| Government National Mortgage Assn. Pool #MA7534 2.50% 8/20/2051 <sup>(l)</sup>  | 31867 | 27639 |
| Government National Mortgage Assn. Pool #MA7987 2.50% 4/20/2052 <sup>(l)</sup>  | 821 | 712 |
| Government National Mortgage Assn. Pool #MA8150 4.00% 7/20/2052 <sup>(l)</sup>  | 20 | 19 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(l)</sup>  | 2524 | 2409 |
| Government National Mortgage Assn. Pool #MA8426 4.00% 11/20/2052 <sup>(l)</sup>  | 1560 | 1487 |
| Government National Mortgage Assn. Pool #MA8799 4.50% 4/20/2053 <sup>(l)</sup>  | 23046 | 22660 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(l)</sup>  | 4469 | 4389 |
| Government National Mortgage Assn. Pool #MA9722 4.00% 6/20/2054 <sup>(l)</sup>  | 1663 | 1582 |
| Government National Mortgage Assn., Series 2021-2, Class AH, 1.50% 6/16/2063 <sup>(l)</sup>  | 4480 | 3332 |
| Uniform Mortgage-Backed Security 2.00% 2/1/2056 <sup>(l)(m)</sup>  | 11457 | 9298 |
| Uniform Mortgage-Backed Security 2.50% 2/1/2056 <sup>(l)(m)</sup>  | 107533 | 91294 |
| Uniform Mortgage-Backed Security 3.00% 2/1/2056 <sup>(l)(m)</sup>  | 18362 | 16278 |
| Uniform Mortgage-Backed Security 3.50% 2/1/2056 <sup>(l)(m)</sup>  | 2794 | 2585 |
| Uniform Mortgage-Backed Security 4.50% 2/1/2056 <sup>(l)(m)</sup>  | 3500 | 3429 |
| Uniform Mortgage-Backed Security 5.00% 2/1/2056 <sup>(l)(m)</sup>  | 33760 | 33759 |
| Uniform Mortgage-Backed Security 5.50% 2/1/2056 <sup>(l)(m)</sup>  | 146325 | 148383 |
| Uniform Mortgage-Backed Security 6.00% 2/1/2056 <sup>(l)(m)</sup>  | 19401 | 19869 |
| Uniform Mortgage-Backed Security 6.50% 2/1/2056 <sup>(l)(m)</sup>  | 8911 | 9230 |
| Uniform Mortgage-Backed Security 2.00% 3/1/2056 <sup>(l)(m)</sup>  | 62982 | 51076 |
| Uniform Mortgage-Backed Security 2.50% 3/1/2056 <sup>(l)(m)</sup>  | 419832 | 356234 |

---

---

| | |
|:---|:---|
| 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)** |
| Uniform Mortgage-Backed Security 3.00% 3/1/2056 <sup>(l)(m)</sup>  | USD73,236 | $64866 |
| Uniform Mortgage-Backed Security 3.50% 3/1/2056 <sup>(l)(m)</sup>  | 2206 | 2038 |
| Uniform Mortgage-Backed Security 5.00% 3/1/2056 <sup>(l)(m)</sup>  | 71740 | 71625 |
|  |  | 3355275 |
| **Commercial mortgage-backed securities 0.52%** | **Commercial mortgage-backed securities 0.52%** | **Commercial mortgage-backed securities 0.52%** |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.423% 6/15/2040 <sup>(g)(i)(l)</sup>  | 14910 | 15053 |
| AMSR Trust, Series 2021-SFR3, Class A, 1.476% 10/17/2038 <sup>(g)(l)</sup>  | 11195 | 10976 |
| AMSR Trust, Series 2025-SFR1, Class A, 3.655% 6/17/2042 <sup>(g)(l)</sup>  | 5897 | 5679 |
| AMSR Trust, Series 2025-SFR1, Class D, 3.655% 6/17/2042 <sup>(g)(l)</sup>  | 1704 | 1595 |
| AMSR Trust, Series 2025-SFR1, Class C, 3.655% 6/17/2042 <sup>(g)(l)</sup>  | 1463 | 1383 |
| AMSR Trust, Series 2025-SFR1, Class B, 3.655% 6/17/2042 <sup>(g)(l)</sup>  | 1386 | 1321 |
| AMSR Trust, Series 2025-SFR2, Class A, 4.275% 11/17/2042 <sup>(g)(l)</sup>  | 5008 | 4935 |
| ARES Commercial Mortgage Trust, Series 2024-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 5.372% <br> 7/15/2041 <sup>(g)(i)(l)</sup>  | 1566 | 1571 |
| Atrium Hotel Portfolio Trust, Series 2024-ATRM, Class D, 7.935% 11/10/2029 <sup>(g)(i)(l)</sup>  | 7871 | 8125 |
| Bank Commercial Mortgage Trust, Series 2019-BN16, Class A4, 4.005% 2/15/2052 <sup>(l)</sup>  | 1810 | 1793 |
| Bank Commercial Mortgage Trust, Series 2019-BN17, Class A4, 3.714% 4/15/2052 <sup>(l)</sup>  | 240 | 236 |
| Bank Commercial Mortgage Trust, Series 2022-BNK43, Class A5, 4.399% 8/15/2055 <sup>(l)</sup>  | 2230 | 2194 |
| Bank Commercial Mortgage Trust, Series 2023-BNK45, Class A5, 5.203% 2/15/2056 <sup>(l)</sup>  | 1135 | 1162 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class A3, 6.50% 12/15/2056 <sup>(l)</sup>  | 10734 | 11295 |
| Bank Commercial Mortgage Trust, Series 2023-5YR4, Class AS, 7.274% 12/15/2056 <sup>(i)(l)</sup>  | 3328 | 3551 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class A3, 5.614% 8/15/2057 <sup>(l)</sup>  | 7320 | 7625 |
| Bank Commercial Mortgage Trust, Series 2024-5YR8, Class A3, 5.884% 8/15/2057 <sup>(l)</sup>  | 2190 | 2297 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class A3, 5.902% 12/15/2057 <sup>(i)(l)</sup>  | 6459 | 6802 |
| Bank Commercial Mortgage Trust, Series 2024-5YR12, Class AS, 6.122% 12/15/2057 <sup>(i)(l)</sup>  | 3040 | 3173 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class AS, 6.072% 4/15/2058 <sup>(i)(l)</sup>  | 16947 | 17696 |
| Bank Commercial Mortgage Trust, Series 2018-BN10, Class A5, 3.688% 2/15/2061 <sup>(l)</sup>  | 480 | 476 |
| Bank Commercial Mortgage Trust, Series 2018-BN10, Class A4, 3.428% 2/17/2061 <sup>(l)</sup>  | 293 | 289 |
| Bank Commercial Mortgage Trust, Series 2018-BN12, Class A4, 4.255% 5/15/2061 <sup>(i)(l)</sup>  | 5772 | 5777 |
| Bank Commercial Mortgage Trust, Series 2019-BN19, Class A3, 3.183% 8/15/2061 <sup>(l)</sup>  | 5655 | 5384 |
| Bank Commercial Mortgage Trust, Series 2019-BN18, Class A4, 3.584% 5/15/2062 <sup>(l)</sup>  | 3260 | 3151 |
| Bank Commercial Mortgage Trust, Series 2020-BN26, Class A4, 2.403% 3/15/2063 <sup>(l)</sup>  | 3772 | 3476 |
| Barclays Commercial Mortgage Securities, LLC, Series 2022-C16, Class A5, 4.60% 6/15/2055 <sup>(i)(l)</sup>  | 780 | 773 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C19, Class A5, 5.451% 4/15/2056 <sup>(l)</sup>  | 5296 | 5474 |
| Barclays Commercial Mortgage Securities, LLC, Series 2023-C21, Class A5, 6.00% 9/15/2056 <sup>(i)(l)</sup>  | 3200 | 3435 |
| Barclays Commercial Mortgage Securities, LLC, Series 2024-5C31, Class AS, 5.852% 12/15/2057 <sup>(i)(l)</sup>  | 2906 | 3006 |
| Benchmark Mortgage Trust, Series 2018-B2, Class A5, 3.882% 2/15/2051 <sup>(i)(l)</sup>  | 5718 | 5678 |
| Benchmark Mortgage Trust, Series 2018-B3, Class A5, 4.025% 4/10/2051 <sup>(l)</sup>  | 4806 | 4789 |
| Benchmark Mortgage Trust, Series 2018-B8, Class A5, 4.232% 1/15/2052 <sup>(l)</sup>  | 5996 | 5954 |
| Benchmark Mortgage Trust, Series 2020-B17, Class A5, 2.289% 3/15/2053 <sup>(l)</sup>  | 3146 | 2859 |
| Benchmark Mortgage Trust, Series 2018-B7, Class A4, 4.51% 5/15/2053 <sup>(i)(l)</sup>  | 3037 | 3052 |
| Benchmark Mortgage Trust, Series 2025-V14, Class A4, 5.66% 4/15/2057 <sup>(l)</sup>  | 11006 | 11503 |
| Benchmark Mortgage Trust, Series 2025-V14, Class AM, 6.09% 4/15/2057 <sup>(i)(l)</sup>  | 5802 | 6064 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(l)</sup>  | 3351 | 3490 |
| Benchmark Mortgage Trust, Series 2024-V9, Class AS, 6.064% 8/15/2057 <sup>(i)(l)</sup>  | 930 | 968 |
| Benchmark Mortgage Trust, Series 2024-V10, Class A3, 5.277% 9/15/2057 <sup>(l)</sup>  | 983 | 1013 |
| Benchmark Mortgage Trust, Series 2024-V11, Class AM, 6.201% 11/15/2057 <sup>(i)(l)</sup>  | 2702 | 2818 |
| BFLD Trust, Series 2024-WRHS, Class A, (1-month USD CME Term SOFR + 1.492%) 5.172% 7/15/2039 <sup>(g)(i)(l)</sup>  | 7416 | 7429 |
| BFLD Trust, Series 2024-WRHS, Class B, (1-month USD CME Term SOFR + 1.99%) 5.73% 7/15/2039 <sup>(g)(i)(l)</sup>  | 5065 | 5079 |
| BMO Mortgage Trust, Series 2022-C2, Class A5, 4.974% 7/15/2054 <sup>(i)(l)</sup>  | 3460 | 3514 |
| BMO Mortgage Trust, Series 2023-C5, Class A5, 5.765% 6/15/2056 <sup>(l)</sup>  | 1962 | 2055 |
| BMO Mortgage Trust, Series 2024-5C8, Class A3, 5.625% 12/15/2057 <sup>(i)(l)</sup>  | 11120 | 11592 |
| BMO Mortgage Trust, Series 2024-5C8, Class AS, 5.94% 12/15/2057 <sup>(i)(l)</sup>  | 2300 | 2393 |
| BMO Mortgage Trust, Series 2025-5C9, Class A3, 5.779% 4/15/2058 <sup>(i)(l)</sup>  | 17244 | 18081 |
| BMO Mortgage Trust, Series 2025-5C9, Class AS, 6.165% 4/15/2058 <sup>(i)(l)</sup>  | 9284 | 9742 |
| BOCA Commercial Mortgage Trust, Series 2025-BOCA, Class A, (1-month USD CME Term SOFR + 1.60%) 5.28% <br> 12/15/2042 <sup>(g)(i)(l)</sup>  | 5823 | 5869 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, (1-month USD CME Term SOFR + 1.293%) 4.974% <br> 12/15/2039 <sup>(g)(i)(l)</sup>  | 6950 | 6971 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class B, (1-month USD CME Term SOFR + 1.642%) 5.323% <br> 12/15/2039 <sup>(g)(i)(l)</sup>  | 1312 | 1318 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.221% 5/15/2034 <sup>(g)(i)(l)</sup>  | 3493 | 3499 |
| BX Trust, Series 2021-SDMF, Class A, (1-month USD CME Term SOFR + 0.703%) 4.384% 9/15/2034 <sup>(g)(i)(l)</sup>  | 9208 | 9198 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.171% 4/15/2037 <sup>(g)(i)(l)</sup>  | 4963 | 4973 |

---

---

| | |
|:---|:---|
| **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)** |
| **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** |
| BX Trust, Series 2021-ACNT, Class A, (1-month USD CME Term SOFR + 0.964%) 4.645% 11/15/2038 <sup>(g)(i)(l)</sup>  | USD7,908 | $7909 |
| BX Trust, Series 2022-AHP, Class A, (1-month USD CME Term SOFR + 0.99%) 4.670% 1/17/2039 <sup>(g)(i)(l)</sup>  | 12167 | 12166 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.122% 4/15/2041 <sup>(g)(i)(l)</sup>  | 8686 | 8705 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(g)(i)(l)</sup>  | 17828 | 18075 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.372% 8/15/2041 <sup>(g)(i)(l)</sup>  | 24535 | 24620 |
| BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) 5.122% 11/15/2041 <sup>(g)(i)(l)</sup>  | 12373 | 12407 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.223% 11/15/2041 <sup>(g)(i)(l)</sup>  | 10869 | 10900 |
| BX Trust, Series 2024-FNX, Class B, (1-month USD CME Term SOFR + 1.742%) 5.422% 11/15/2041 <sup>(g)(i)(l)</sup>  | 3363 | 3375 |
| BX Trust, Series 2024-GPA2, Class B, (1-month USD CME Term SOFR + 1.892%) 5.572% 11/15/2041 <sup>(g)(i)(l)</sup>  | 4935 | 4955 |
| BX Trust, Series 2025-ARIA, Class A, 5.12% 12/13/2042 <sup>(g)(i)(l)</sup>  | 2000 | 2036 |
| BX Trust, Series 2025-DELC, Class A, (1-month USD CME Term SOFR + 1.55%) 5.23% 12/15/2042 <sup>(g)(i)(l)</sup>  | 5618 | 5658 |
| BX Trust, Series 2025-DELC, Class B, (1-month USD CME Term SOFR + 1.80%) 5.48% 12/15/2042 <sup>(g)(i)(l)</sup>  | 472 | 475 |
| BX Trust, Series 2025-VOLT, Class A, (1-month USD CME Term SOFR + 1.70%) 5.38% 12/15/2044 <sup>(g)(i)(l)</sup>  | 15370 | 15468 |
| CALI Mortgage Trust, Series 2024-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.571% <br>7/15/2041 <sup>(g)(i)(l)</sup>  | 4768 | 4784 |
| CALI Mortgage Trust, Series 2024-SUN, Class B, (1-month USD CME Term SOFR + 2.34%) 6.021% <br>7/15/2041 <sup>(g)(i)(l)</sup>  | 5091 | 5116 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.322% 8/15/2041 <sup>(g)(i)(l)</sup>  | 12536 | 12553 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(g)(i)(l)</sup>  | 8114 | 8356 |
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.616% 2/10/2049 <sup>(l)</sup>  | 437 | 435 |
| Citigroup Commercial Mortgage Trust, Series 2016-C1, Class AS, 3.514% 5/10/2049 <sup>(l)</sup>  | 350 | 348 |
| CSAIL Commercial Mortgage Trust, Series 2015-C1, Class B, 4.044% 4/15/2050 <sup>(i)(l)</sup>  | 318 | 305 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class A, 6.314% 9/12/2040 <sup>(g)(l)</sup>  | 6864 | 7068 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class B, 6.804% 9/12/2040 <sup>(g)(l)</sup>  | 3537 | 3638 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.14% 9/12/2040 <sup>(g)(i)(l)</sup>  | 2720 | 2814 |
| Deutsche Bank Commercial Mortgage Trust, Series 2016-C1, Class AM, 3.539% 5/10/2049 <sup>(l)</sup>  | 400 | 397 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(g)(i)(l)</sup>  | 10371 | 10605 |
| Ellington Financial Mortgage Trust, Series 2026-NQM1, Class A1, 4.771% 2/25/2071 <sup>(g)(i)(l)</sup>  | 4714 | 4714 |
| Extended Stay America Trust, Series 2025-ESH, Class A, (1-month USD CME Term SOFR + 1.30%) 4.98% <br> 10/15/2042 <sup>(g)(i)(l)</sup>  | 5640 | 5672 |
| Extended Stay America Trust, Series 2025-ESH, Class B, (1-month USD CME Term SOFR + 1.60%) 5.28% <br> 10/15/2042 <sup>(g)(i)(l)</sup>  | 1690 | 1699 |
| Extended Stay America Trust, Series 2025-ESH, Class C, (1-month USD CME Term SOFR + 1.85%) 5.53% <br> 10/15/2042 <sup>(g)(i)(l)</sup>  | 1508 | 1520 |
| Extended Stay America Trust, Series 2025-ESH, Class D, (1-month USD CME Term SOFR + 2.60%) 6.28% <br> 10/15/2042 <sup>(g)(i)(l)</sup>  | 2623 | 2652 |
| FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.145% 5/19/2039 <sup>(g)(l)</sup>  | 4070 | 4062 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.13% <br> 12/15/2039 <sup>(g)(i)(l)</sup>  | 6068 | 6091 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 5.491% 8/15/2039 <sup>(g)(i)(l)</sup>  | 8000 | 8021 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 5.371% 5/15/2041 <sup>(g)(i)(l)</sup>  | 19885 | 19989 |
| GS Mortgage Securities Trust, Series 2023-SHIP, Class B, 4.936% 9/10/2038 <sup>(g)(i)(l)</sup>  | 2632 | 2634 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.487% 3/10/2041 <sup>(g)(i)(l)</sup>  | 3831 | 3891 |
| GS Mortgage Securities Trust, Series 2017-GS7, Class A4, 3.43% 8/10/2050 <sup>(l)</sup>  | 940 | 929 |
| GS Mortgage Securities Trust, Series 2019-GC38, Class A4, 3.968% 2/10/2052 <sup>(l)</sup>  | 240 | 238 |
| GS Mortgage Securities Trust, Series 2020-GC47, Class A5, 2.377% 5/12/2053 <sup>(l)</sup>  | 6571 | 6072 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.073% <br>3/15/2042 <sup>(g)(i)(l)</sup>  | 10765 | 10792 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class B, (1-month USD CME Term SOFR + 1.742%) 5.423% <br>3/15/2042 <sup>(g)(i)(l)</sup>  | 1617 | 1623 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 5.722% <br>3/15/2042 <sup>(g)(i)(l)</sup>  | 422 | 424 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.271% <br>3/15/2042 <sup>(g)(i)(l)</sup>  | 1901 | 1913 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 6.97% 3/15/2042 <sup>(g)(i)(l)</sup>  | 5388 | 5293 |
| Houston Galleria Mall Trust, Series 2025-HGLR, Class A, 5.462% 2/5/2045 <sup>(g)(i)(l)</sup>  | 7802 | 8123 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039 <sup>(g)(i)(l)</sup>  | 591 | 599 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(g)(i)(l)</sup>  | 26828 | 27828 |
| Invitation Homes Trust, Series 2024-SFR1, Class B, 4.00% 9/17/2041 <sup>(g)(l)</sup>  | 2450 | 2385 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C5, Class A5, 3.694% 3/15/2050 <sup>(l)</sup>  | 1510 | 1495 |
| JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5, 3.409% 10/15/2050 <sup>(l)</sup>  | 560 | 551 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.024% 1/5/2039 <sup>(g)(l)</sup>  | 3421 | 3112 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(g)(l)</sup>  | 1165 | 1010 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45% 1/5/2039 <sup>(g)(i)(l)</sup>  | 328 | 277 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2016-JP4, Class A4, 3.648% 12/15/2049 <sup>(i)(l)</sup>  | 4810 | 4774 |

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

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| | | |
|:---|:---|:---|
| 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)** |
| JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.273% 11/15/2039 <sup>(g)(i)(l)</sup>  | USD3,453 | $3466 |
| Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.13% 9/10/2039 <sup>(g)(l)</sup>  | 15628 | 15083 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class A-4, 3.306% 4/15/2048 <sup>(l)</sup>  | 138 | 136 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C22, Class AS, 3.561% 4/15/2048 <sup>(l)</sup>  | 2795 | 2713 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A-4, 3.72% 12/15/2049 <sup>(l)</sup>  | 580 | 576 |
| Morgan Stanley Bank of America Merrill Lynch Trust, Series 2025-5C1, Class AS, 6.011% 3/15/2058 <sup>(l)</sup>  | 21684 | 22622 |
| Morgan Stanley Capital I Trust, Series 2022-L8, Class A5, 3.791% 4/15/2055 <sup>(i)(l)</sup>  | 590 | 558 |
| Multifamily Connecticut Avenue Securities, Series 2024-01, Class M10, (30-day Average USD-SOFR + 3.85%) <br> 7.547% 7/25/2054 <sup>(g)(i)(l)</sup>  | 2427 | 2502 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.097% 5/25/2055 <sup>(g)(i)(l)</sup>  | 1442 | 1467 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M2, (30-day Average USD-SOFR + 3.10%) <br> 6.797% 5/25/2055 <sup>(g)(i)(l)</sup>  | 2583 | 2586 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% 2/10/2047 <sup>(g)(i)(l)</sup>  | 613 | 648 |
| SCG Hotel Issuer, Inc., Series 2025-SNIP, Class A, 5.18% 9/15/2042 <sup>(g)(i)(l)</sup>  | 2914 | 2930 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.072% <br> 5/15/2039 <sup>(g)(i)(l)</sup>  | 11150 | 11172 |
| SLG Office Trust, Series 2021-OVA, Class A, 2.585% 7/15/2041 <sup>(g)(l)</sup>  | 5645 | 5069 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 4.525% 11/15/2038 <sup>(g)(i)(l)</sup>  | 8066 | 8067 |
| StorageMart Commercial Mortgage Trust, Series 2022-MINI, Class A, (1-month USD CME Term SOFR + 1.00%) <br> 4.680% 1/15/2039 <sup>(g)(i)(l)</sup>  | 19555 | 19561 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, (1-month USD CME Term SOFR + 1.443%) <br> 5.123% 2/15/2042 <sup>(g)(i)(l)</sup>  | 15426 | 15338 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class A, (1-month USD CME Term SOFR + 1.492%) <br> 5.172% 11/15/2041 <sup>(g)(i)(l)</sup>  | 7000 | 7020 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class B, (1-month USD CME Term SOFR + 1.842%) <br> 5.522% 11/15/2041 <sup>(g)(i)(l)</sup>  | 2743 | 2759 |
| WCORE Commercial Mortgage Trust, Series 2024-CORE, Class C, (1-month USD CME Term SOFR + 2.241%) <br> 5.921% 11/15/2041 <sup>(g)(i)(l)</sup>  | 672 | 677 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class AS, 3.484% 6/15/2049 <sup>(l)</sup>  | 185 | 184 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-C37, Class A5, 3.794% 12/15/2049 <sup>(l)</sup>  | 6015 | 5991 |
| Wells Fargo Commercial Mortgage Trust, Series 2019-C54, Class A4, 3.146% 12/15/2052 <sup>(l)</sup>  | 2405 | 2303 |
| Wells Fargo Commercial Mortgage Trust, Series 2022-C62, Class A4, 4.00% 4/15/2055 <sup>(i)(l)</sup>  | 2580 | 2474 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C1, Class AS, 6.52% 7/15/2057 <sup>(l)</sup>  | 690 | 724 |
| Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class AS, 3.988% 1/15/2059 <sup>(l)</sup>  | 26 | 26 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-RC1, Class A4, 3.631% 1/15/2060 <sup>(l)</sup>  | 480 | 478 |
| WMRK Commercial Mortgage Trust, Series 2022-WMRK, Class A, (1-month USD CME Term SOFR + 2.789%) <br> 6.469% 11/15/2027 <sup>(g)(i)(l)</sup>  | 12241 | 12379 |
|  |  | 750664 |
| **Collateralized mortgage-backed obligations (privately originated) 0.33%** | **Collateralized mortgage-backed obligations (privately originated) 0.33%** | **Collateralized mortgage-backed obligations (privately originated) 0.33%** |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(g)(j)(l)</sup>  | 12156 | 12276 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(g)(i)(l)</sup>  | 1585 | 1440 |
| Arroyo Mortgage Trust, Series 2020-1, Class A1A, 1.662% 3/25/2055 <sup>(g)(l)</sup>  | 143 | 139 |
| Atlas SP, Series 2024-RPL1, Class A1, 3.85% 4/25/2064 (4.85% on 8/1/2028) <sup>(g)(j)(l)</sup>  | 3117 | 3057 |
| BRAVO Residential Funding Trust, Series 2020-RPL2, Class A1, 2.00% 5/25/2059 <sup>(g)(i)(l)</sup>  | 1249 | 1185 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(g)(i)(l)</sup>  | 737 | 729 |
| BRAVO Residential Funding Trust, Series 2023-NQM8, Class A1, 6.394% 10/25/2063 (7.394% on 11/1/2027) <sup>(g)(j)(l)</sup>  | 1642 | 1656 |
| BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, 5.943% 12/1/2063 (6.943% on 1/1/2028) <sup>(g)(j)(l)</sup>  | 751 | 757 |
| BRAVO Residential Funding Trust, Series 2024-NQM7, Class A1, 5.554% 10/27/2064 (6.554% on 10/1/2028) <sup>(g)(j)(l)</sup>  | 4704 | 4751 |
| Cascade Funding Mortgage Trust, Series 2024-NR1, Class A1, 6.405% 11/25/2029 (9.405% on 11/25/2027) <sup>(g)(j)(l)</sup>  | 1574 | 1578 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(g)(i)(l)</sup>  | 180 | 179 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(g)(i)(l)</sup>  | 16867 | 16603 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(g)(j)(l)</sup>  | 526 | 522 |
| Chase Mortgage Finance Corp., Series 2024-RPL2, Class A1B, 3.25% 8/25/2064 <sup>(g)(i)(l)</sup>  | 5115 | 4517 |
| Chase Mortgage Finance Corp., Series 2024-RPL2, Class A1A, 3.25% 8/25/2064 <sup>(g)(i)(l)</sup>  | 3248 | 2904 |
| CIM Trust, Series 2024-R1, Class A1, 4.75% 6/25/2064 <sup>(g)(i)(l)</sup>  | 1856 | 1850 |
| CIM Trust, Series 2025-R1, Class A1, 5.00% 2/25/2099 (8.00% on 3/1/2028) <sup>(g)(j)(l)</sup>  | 5652 | 5664 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP1, Class A1A, 1.804% 5/25/2060 <sup>(g)(i)(l)</sup>  | 242 | 230 |
| COLT Funding, LLC, Series 2023-3, Class A1, 7.18% 9/25/2068 (8.18% on 9/1/2027) <sup>(g)(j)(l)</sup>  | 880 | 891 |
| COLT Funding, LLC, Series 2024-INV3, Class A1, 5.443% 9/25/2069 (6.443% on 8/1/2028) <sup>(g)(j)(l)</sup>  | 5644 | 5690 |
| COLT Mortgage Loan Trust, Series 2021-5, Class A1, 1.726% 11/26/2066 <sup>(g)(i)(l)</sup>  | 1651 | 1526 |
| Connecticut Avenue Securities Trust, Series 2023-R01, Class 1M1, (30-day Average USD-SOFR + 2.40%) 6.097% <br> 12/25/2042 <sup>(g)(i)(l)</sup>  | 2351 | 2398 |

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

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| | | |
|:---|:---|:---|
| 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 2023-R08, Class 1M1, (30-day Average USD-SOFR + 1.50%) 5.197% <br> 10/25/2043 <sup>(g)(i)(l)</sup>  | USD1,154 | $1157 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, (30-day Average USD-SOFR + 1.05%) 4.747% <br> 1/25/2044 <sup>(g)(i)(l)</sup>  | 1385 | 1387 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M2, (30-day Average USD-SOFR + 1.80%) 5.497% <br> 1/25/2044 <sup>(g)(i)(l)</sup>  | 1614 | 1633 |
| Connecticut Avenue Securities Trust, Series 2024-R01, Class 1B1, (30-day Average USD-SOFR + 2.70%) 6.397% <br> 1/25/2044 <sup>(g)(i)(l)</sup>  | 2985 | 3085 |
| Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M2, (30-day Average USD-SOFR + 1.80%) 5.497% <br> 2/25/2044 <sup>(g)(i)(l)</sup>  | 3432 | 3457 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) 4.797% <br> 5/25/2044 <sup>(g)(i)(l)</sup>  | 440 | 440 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M2, (30-day Average USD-SOFR + 1.65%) 5.347% <br> 5/25/2044 <sup>(g)(i)(l)</sup>  | 1464 | 1470 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1B1, (30-day Average USD-SOFR + 2.20%) 5.897% <br> 5/25/2044 <sup>(g)(i)(l)</sup>  | 889 | 902 |
| Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2, (30-day Average USD-SOFR + 1.60%) 5.297% <br> 9/25/2044 <sup>(g)(i)(l)</sup>  | 1085 | 1089 |
| Connecticut Avenue Securities Trust, Series 2025-R01, Class 1A1, (30-day Average USD-SOFR + 0.95%) 4.647% <br> 1/25/2045 <sup>(g)(i)(l)</sup>  | 2232 | 2235 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1M1, (30-day Average USD-SOFR + 1.15%) 4.847% <br> 2/25/2045 <sup>(g)(i)(l)</sup>  | 1223 | 1224 |
| Countrywide Alternative Loan Trust, Series 2005-54CB, Class 2A5, 5.50% 11/25/2035 <sup>(l)</sup>  | 1593 | 818 |
| Countrywide Alternative Loan Trust, Series 2007-HY4, Class 3A1, 4.268% 6/25/2037 <sup>(i)(l)</sup>  | 762 | 698 |
| CS First Boston Mortgage Securities Corp., Series 2004-5, Class IVA1, 6.00% 9/25/2034 <sup>(l)</sup>  | 206 | 210 |
| FARM Mortgage Trust, Series 2024-1, Class A1, 4.684% 10/1/2053 <sup>(g)(i)(l)</sup>  | 2672 | 2660 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A, 5.179% 8/1/2054 <sup>(g)(i)(l)</sup>  | 2807 | 2801 |
| Farmer Mac Agricultural Real Estate Trust, Series 2024-2, Class A1, 5.191% 8/1/2054 <sup>(g)(i)(l)</sup>  | 4160 | 4223 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(g)(l)</sup>  | 13893 | 13478 |
| Flagstar Mortgage Trust, Series 2021-8INV, Class A3, 2.50% 9/25/2051 <sup>(g)(i)(l)</sup>  | 5321 | 4480 |
| Flagstar Mortgage Trust, Series 2021-11INV, Class A4, 2.50% 11/25/2051 <sup>(g)(i)(l)</sup>  | 5936 | 4998 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 5.847% 9/25/2042 <sup>(g)(i)(l)</sup>  | 395 | 397 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA1, Class A1, (30-day Average <br> USD-SOFR + 1.35%) 5.047% 2/25/2044 <sup>(g)(i)(l)</sup>  | 2947 | 2962 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 4.897% 5/25/2044 <sup>(g)(i)(l)</sup>  | 1995 | 2001 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.25%) 4.947% 5/25/2044 <sup>(g)(i)(l)</sup>  | 10382 | 10429 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class A1, (30-day Average <br> USD-SOFR + 1.05%) 4.747% 10/25/2044 <sup>(g)(i)(l)</sup>  | 1409 | 1412 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M2, (30-day Average <br> USD-SOFR + 1.45%) 5.147% 10/25/2044 <sup>(g)(i)(l)</sup>  | 946 | 947 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class A1, (30-day Average <br> USD-SOFR + 1.10%) 4.797% 5/25/2045 <sup>(g)(i)(l)</sup>  | 1074 | 1077 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2025-DNA2, Class M1, (30-day Average <br> USD-SOFR + 1.20%) 5.074% 5/25/2045 <sup>(g)(i)(l)</sup>  | 1687 | 1689 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA1, Class B2, (30-day Average USD-SOFR <br> + 5.364%) 9.062% 1/25/2050 <sup>(g)(i)(l)</sup>  | 4360 | 4888 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA2, Class B2, (30-day Average USD-SOFR <br> + 4.914%) 8.612% 2/25/2050 <sup>(g)(i)(l)</sup>  | 5790 | 6418 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA4, Class B2, (30-day Average USD-SOFR <br> + 10.114%) 13.812% 8/25/2050 <sup>(g)(i)(l)</sup>  | 5306 | 7071 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2020-DNA5, Class B2, (30-day Average USD-SOFR <br> + 11.50%) 15.503% 10/25/2050 <sup>(g)(i)(l)</sup>  | 7758 | 10811 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(g)(j)(l)</sup>  | 1044 | 1058 |
| GCAT Trust, Series 2025-NQM4, Class A1, 5.529% 6/25/2070 <sup>(g)(j)(l)</sup>  | 1976 | 2002 |
| GS Mortgage-Backed Securities Trust, Series 2024-RPL2, Class A1, 3.75% 7/25/2061 (4.75% on 2/1/2028) <sup>(g)(j)(l)</sup>  | 1139 | 1118 |
| Home Partners of America Trust, Series 2021-2, Class A, 1.901% 12/17/2026 <sup>(g)(l)</sup>  | 4497 | 4411 |
| HOMES Trust, Series 2024-NQM1, Class A1, 5.915% 7/25/2069 (6.915% on 7/1/2028) <sup>(g)(j)(l)</sup>  | 3682 | 3729 |
| IndyMac INDX Mortgage Loan Trust, Series 2006-AR5, Class 2A1, 3.685% 5/25/2036 <sup>(i)(l)</sup>  | 990 | 959 |
| IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047 <sup>(g)(i)(l)</sup>  | 10216 | 10511 |
| JPMorgan Mortgage Trust, Series 2020-INV1, Class A3, 3.50% 8/25/2050 <sup>(g)(i)(l)</sup>  | 428 | 389 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(g)(l)</sup>  | 783 | 785 |
| MFRA Trust, Series 2024-NQM3, Class A1, 5.722% 12/25/2069 (6.722% on 12/1/2028) <sup>(g)(j)(l)</sup>  | 3711 | 3759 |
| MFRA Trust, Series 2025-NQM3, Class A1, 5.261% 8/25/2070 (6.261% on 7/1/2029) <sup>(g)(j)(l)</sup>  | 5544 | 5592 |

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

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------

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| | | |
|:---|:---|:---|
| 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)** |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-INV2, Class A1, 6.50% 2/25/2054 <sup>(g)(i)(l)</sup>  | USD1,814 | $1843 |
| 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)(j)(l)</sup>  | 4648 | 4718 |
| New Residential Mortgage Loan Trust, Series 2025-NQM2, Class A1, 5.566% 4/25/2065 <sup>(g)(j)(l)</sup>  | 6424 | 6519 |
| New Residential Mortgage Loan Trust, Series 2025-NQM5, Class A1, 5.109% 8/25/2065 <sup>(g)(i)(l)</sup>  | 3665 | 3694 |
| New York Mortgage Trust, Series 2024-CP1, Class A1, 3.75% 2/25/2068 <sup>(g)(i)(l)</sup>  | 1135 | 1068 |
| Onslow Bay Financial Mortgage Loan Trust, Series 2024-HYB1, Class A1, 3.630% 3/25/2053 <sup>(g)(i)(l)</sup>  | 1991 | 1996 |
| 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)(j)(l)</sup>  | 3496 | 3539 |
| Onslow Bay Financial, LLC, Series 2024-HYB2, Class A1, 3.695% 4/25/2053 <sup>(g)(i)(l)</sup>  | 3844 | 3832 |
| Onslow Bay Financial, LLC, Series 2022-NQM5, Class A1, 4.31% 5/25/2062 (5.31% on 5/1/2026) <sup>(g)(j)(l)</sup>  | 16005 | 15957 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(g)(j)(l)</sup>  | 14489 | 14485 |
| Onslow Bay Financial, LLC, Series 2024-NQM5, Class A1, 5.988% 1/25/2064 (6.988% on 3/1/2028) <sup>(g)(j)(l)</sup>  | 1501 | 1520 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(g)(j)(l)</sup>  | 2834 | 2865 |
| Onslow Bay Financial, LLC, Series 2024-NQM6, Class A1, 6.447% 2/25/2064 (7.447% on 4/1/2028) <sup>(g)(j)(l)</sup>  | 2543 | 2584 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(g)(j)(l)</sup>  | 1610 | 1633 |
| Onslow Bay Financial, LLC, Series 2024-NQM10, Class A1, 6.18% 5/25/2064 (7.18% on 6/1/2028) <sup>(g)(j)(l)</sup>  | 7940 | 8065 |
| Onslow Bay Financial, LLC, Series 2024-NQM17, Class A1, 5.61% 11/25/2064 (6.61% on 11/1/2028) <sup>(g)(j)(l)</sup>  | 1832 | 1855 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(g)(j)(l)</sup>  | 10047 | 10187 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(g)(j)(l)</sup>  | 1478 | 1495 |
| Onslow Bay Financial, LLC, Series 2025-NQM14, Class A1A, 5.162% 7/25/2065 (6.162% on 7/1/2029) <sup>(g)(j)(l)</sup>  | 5176 | 5220 |
| Onslow Bay Financial, LLC, Series 2025-NQM16, Class A1A, 4.905% 8/25/2065 (5.905% on 9/1/2029) <sup>(g)(j)(l)</sup>  | 11800 | 11857 |
| Onslow Bay Financial, LLC, Series 2025-NQM18, Class A1A, 5.057% 9/25/2065 (6.057% on 9/1/2029) <sup>(g)(j)(l)</sup>  | 5959 | 6004 |
| Onslow Bay Financial, LLC, Series 2025-NQM19, Class A1, 4.869% 10/25/2065 <sup>(g)(i)(l)</sup>  | 8552 | 8583 |
| PMT Loan Trust, Series 2024-INV1, Class A2, 6.00% 10/25/2059 <sup>(g)(i)(l)</sup>  | 1601 | 1625 |
| Progress Residential Trust, Series 2024-SFR5, Class B, 3.25% 8/9/2029 <sup>(g)(l)</sup>  | 3581 | 3403 |
| Progress Residential Trust, Series 2021-SFR6, Class A, 1.524% 7/17/2038 <sup>(g)(l)</sup>  | 5115 | 5060 |
| Progress Residential Trust, Series 2022-SFR3, Class A, 3.20% 4/17/2039 <sup>(g)(l)</sup>  | 2617 | 2586 |
| Progress Residential Trust, Series 2024-SFR1, Class A, 3.35% 2/17/2041 <sup>(g)(l)</sup>  | 4974 | 4821 |
| Progress Residential Trust, Series 2024-SFR2, Class A, 3.30% 4/17/2041 <sup>(g)(l)</sup>  | 3604 | 3481 |
| Progress Residential Trust, Series 2024-SFR2, Class D, 3.40% 4/17/2041 <sup>(g)(i)(l)</sup>  | 2709 | 2593 |
| Progress Residential Trust, Series 2024-SFR2, Class B, 3.40% 4/17/2041 <sup>(g)(i)(l)</sup>  | 1671 | 1608 |
| Progress Residential Trust, Series 2025-SFR1, Class C, 3.65% 2/17/2042 <sup>(g)(l)</sup>  | 1979 | 1880 |
| Progress Residential Trust, Series 2025-SFR3, Class A, 3.39% 7/17/2042 <sup>(g)(l)</sup>  | 5120 | 4879 |
| Sequoia Mortgage Trust, Series 2018-CH1, Class A1, 4.00% 3/25/2048 <sup>(g)(i)(l)</sup>  | 102 | 96 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.048% 10/25/2055 <sup>(g)(i)(l)</sup>  | 7360 | 7411 |
| Starwood Mortgage Residential Trust, Series 2024-SFR4, Class A, (1-month USD CME Term SOFR + 1.75%) 5.43% <br> 10/17/2041 <sup>(g)(i)(l)</sup>  | 8650 | 8697 |
| Starwood Mortgage Residential Trust, Series 2025-SFR5, Class A, (1-month USD CME Term SOFR + 1.45%) <br> 5.131% 2/17/2042 <sup>(g)(i)(l)</sup>  | 1915 | 1919 |
| Structured Adjustable Rate Mortgage Loan Trust, Series 2006-4, Class 6A, 3.870% 5/25/2036 <sup>(i)(l)</sup>  | 902 | 506 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(g)(i)(l)</sup>  | 662 | 656 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(g)(i)(l)</sup>  | 594 | 592 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(g)(i)(l)</sup>  | 61 | 61 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(g)(i)(l)</sup>  | 360 | 359 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(g)(i)(l)</sup>  | 317 | 315 |
| Towd Point Mortgage Trust, Series 2023-1, Class A1, 3.75% 1/25/2063 <sup>(g)(l)</sup>  | 5135 | 4995 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.03% 7/25/2065 <sup>(g)(i)(l)</sup>  | 2102 | 2120 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(b)(g)</sup>  | 8302 | 8302 |
| Tricon Residential Trust, Series 2024-SFR1, Class A, 4.65% 4/17/2041 <sup>(g)(l)</sup>  | 2705 | 2708 |
| Tricon Residential Trust, Series 2024-SFR1, Class B, 4.75% 4/17/2041 <sup>(g)(l)</sup>  | 891 | 890 |
| Tricon Residential Trust, Series 2024-SFR3, Class A, 4.50% 8/17/2041 <sup>(g)(l)</sup>  | 5962 | 5933 |
| Tricon Residential Trust, Series 2024-SFR3, Class B, 5.00% 8/17/2041 <sup>(g)(l)</sup>  | 2609 | 2612 |
| Tricon Residential Trust, Series 2024-SFR4, Class A, 4.30% 11/17/2041 <sup>(g)(l)</sup>  | 13361 | 13266 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(g)(j)(l)</sup>  | 5594 | 5661 |
| Verus Securitization Trust, Series 2026-R1, Class A1, 4.832% 10/25/2067 (5.832% on 1/1/2030) <sup>(g)(j)(l)</sup>  | 2529 | 2535 |
| Verus Securitization Trust, Series 2023-1, Class A1, 5.85% 12/25/2067 (6.85% on 1/1/2027) <sup>(g)(j)(l)</sup>  | 1340 | 1337 |
| Verus Securitization Trust, Series 2023-4, Class A1, 5.811% 5/25/2068 (6.811% on 5/1/2027) <sup>(g)(j)(l)</sup>  | 718 | 720 |
| Verus Securitization Trust, Series 2023-5, Class A5, 6.476% 6/25/2068 (7.476% on 6/1/2027) <sup>(g)(j)(l)</sup>  | 3545 | 3559 |
| Verus Securitization Trust, Series 2024-2, Class A1, 6.095% 2/25/2069 (7.095% on 2/1/2028) <sup>(g)(j)(l)</sup>  | 1944 | 1965 |
| Verus Securitization Trust, Series 2024-3, Class A1, 6.338% 4/25/2069 (7.338% on 4/1/2028) <sup>(g)(j)(l)</sup>  | 5711 | 5797 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(g)(j)(l)</sup>  | 1696 | 1721 |
| Verus Securitization Trust, Series 2024-5, Class A2, 6.446% 6/25/2069 (7.446% on 6/1/2028) <sup>(g)(j)(l)</sup>  | 980 | 995 |
| Verus Securitization Trust, Series 2024-4, Class A2, 6.572% 6/25/2069 (7.572% on 5/1/2028) <sup>(g)(j)(l)</sup>  | 1330 | 1352 |
| Verus Securitization Trust, Series 2024-6, Class A1, 5.799% 7/25/2069 (6.799% on 7/1/2028) <sup>(g)(j)(l)</sup>  | 3189 | 3227 |
| Verus Securitization Trust, Series 2024-6, Class A2, 6.053% 7/25/2069 (7.053% on 7/1/2028) <sup>(g)(j)(l)</sup>  | 994 | 1006 |

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

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| | | |
|:---|:---|:---|
| 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)** |
| Verus Securitization Trust, Series 2024-R1, Class A1, 5.218% 9/25/2069 <sup>(g)(i)(l)</sup>  | USD4,608 | $4627 |
| Verus Securitization Trust, Series 2024-8, Class A1, 5.364% 10/25/2069 <sup>(g)(i)(l)</sup>  | 2631 | 2653 |
| Verus Securitization Trust, Series 2024-8, Class A2, 5.618% 10/25/2069 (6.618% on 10/1/2028) <sup>(g)(j)(l)</sup>  | 1954 | 1971 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(g)(i)(l)</sup>  | 2582 | 2609 |
| Verus Securitization Trust, Series 2025-8, Class A1A, 4.869% 9/25/2070 (5.869% on 9/1/2029) <sup>(g)(j)(l)</sup>  | 5742 | 5763 |
| VM Fund I, LLC 8.625% 1/15/2028 <sup>(b)(g)</sup>  | 8194 | 8194 |
|  |  | 475987 |
| **Total mortgage-backed obligations** |  | 4581926 |
| **U.S. Treasury bonds & notes 2.52%** | **U.S. Treasury bonds & notes 2.52%** | **U.S. Treasury bonds & notes 2.52%** |
| **U.S. Treasury 2.43%** | **U.S. Treasury 2.43%** | **U.S. Treasury 2.43%** |
| U.S. Treasury 3.625% 5/15/2026  | 5900 | 5900 |
| U.S. Treasury 4.50% 7/15/2026  | 4000 | 4016 |
| U.S. Treasury 4.375% 7/31/2026  | 21144 | 21221 |
| U.S. Treasury 4.625% 9/15/2026  | 24603 | 24751 |
| U.S. Treasury 4.625% 10/15/2026  | 10000 | 10069 |
| U.S. Treasury 4.625% 11/15/2026  | 3000 | 3023 |
| U.S. Treasury 4.25% 12/31/2026  | 2354 | 2368 |
| U.S. Treasury 4.50% 4/15/2027  | 830 | 839 |
| U.S. Treasury 3.875% 7/31/2027  | 39055 | 39254 |
| U.S. Treasury 3.375% 11/30/2027  | 89 | 89 |
| U.S. Treasury 4.00% 12/15/2027  | 86883 | 87618 |
| U.S. Treasury 3.375% 12/31/2027 <sup>(a)</sup>  | 597489 | 595824 |
| U.S. Treasury 3.625% 3/31/2028  | 72 | 72 |
| U.S. Treasury 3.625% 5/31/2028  | 43266 | 43329 |
| U.S. Treasury 3.50% 11/15/2028  | 9000 | 8978 |
| U.S. Treasury 3.50% 12/15/2028  | 1000 | 998 |
| U.S. Treasury 3.50% 1/15/2029  | 183760 | 183236 |
| U.S. Treasury 4.125% 10/31/2029  | 169500 | 172036 |
| U.S. Treasury 4.00% 2/28/2030  | 20071 | 20280 |
| U.S. Treasury 3.875% 7/31/2030 <sup>(n)</sup>  | 559537 | 562225 |
| U.S. Treasury 4.00% 7/31/2030  | 13986 | 14125 |
| U.S. Treasury 3.625% 9/30/2030  | 7000 | 6955 |
| U.S. Treasury 3.625% 10/31/2030  | 8000 | 7946 |
| U.S. Treasury 4.875% 10/31/2030  | 34810 | 36450 |
| U.S. Treasury 3.50% 11/30/2030  | 6000 | 5925 |
| U.S. Treasury 3.625% 12/31/2030 <sup>(a)</sup>  | 245039 | 243182 |
| U.S. Treasury 4.25% 2/28/2031  | 1113 | 1135 |
| U.S. Treasury 4.125% 7/31/2031  | 38862 | 39360 |
| U.S. Treasury 4.375% 1/31/2032  | 12000 | 12285 |
| U.S. Treasury 4.125% 2/29/2032  | 14000 | 14142 |
| U.S. Treasury 4.125% 3/31/2032  | 3000 | 3029 |
| U.S. Treasury 4.00% 4/30/2032  | 4500 | 4512 |
| U.S. Treasury 3.875% 9/30/2032  | 2500 | 2482 |
| U.S. Treasury 3.75% 10/31/2032  | 8000 | 7878 |
| U.S. Treasury 4.125% 11/15/2032  | 1433 | 1443 |
| U.S. Treasury 3.875% 12/31/2032 <sup>(a)</sup>  | 131482 | 130362 |
| U.S. Treasury 3.375% 5/15/2033  | 14742 | 14113 |
| U.S. Treasury 4.375% 5/15/2034  | 84371 | 85768 |
| U.S. Treasury 4.625% 2/15/2035  | 25400 | 26214 |
| U.S. Treasury 4.25% 5/15/2035  | 2000 | 2005 |
| U.S. Treasury 4.25% 8/15/2035  | 6500 | 6509 |
| U.S. Treasury 4.00% 11/15/2035 <sup>(a)</sup>  | 353794 | 346608 |
| U.S. Treasury 1.375% 11/15/2040  | 12006 | 7772 |
| U.S. Treasury 1.75% 8/15/2041  | 2773 | 1866 |
| U.S. Treasury 2.00% 11/15/2041  | 11924 | 8296 |
| U.S. Treasury 2.375% 2/15/2042  | 7784 | 5713 |
| U.S. Treasury 2.875% 5/15/2043  | 16000 | 12388 |
| U.S. Treasury 3.875% 5/15/2043  | 5113 | 4573 |
| U.S. Treasury 4.75% 11/15/2043  | 42316 | 42154 |
| U.S. Treasury 4.625% 5/15/2044  | 112695 | 110256 |
| U.S. Treasury 4.125% 8/15/2044  | 7000 | 6404 |
| U.S. Treasury 4.625% 11/15/2044  | 3000 | 2929 |
| U.S. Treasury 4.75% 2/15/2045  | 3500 | 3470 |
| U.S. Treasury 5.00% 5/15/2045  | 3000 | 3068 |

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

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| | | |
|:---|:---|:---|
| 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 4.625% 11/15/2045 <sup>(a)</sup>  | USD88,295 | $85895 |
| U.S. Treasury 2.875% 11/15/2046  | 4532 | 3339 |
| U.S. Treasury 2.875% 5/15/2049  | 4051 | 2896 |
| U.S. Treasury 4.00% 11/15/2052  | 4747 | 4099 |
| U.S. Treasury 3.625% 2/15/2053  | 9865 | 7950 |
| U.S. Treasury 4.75% 11/15/2053  | 4600 | 4495 |
| U.S. Treasury 4.25% 2/15/2054 <sup>(n)</sup>  | 180573 | 162530 |
| U.S. Treasury 4.625% 5/15/2054  | 291 | 279 |
| U.S. Treasury 4.25% 8/15/2054  | 3663 | 3296 |
| U.S. Treasury 4.50% 11/15/2054  | 2000 | 1877 |
| U.S. Treasury 4.625% 2/15/2055  | 4500 | 4313 |
| U.S. Treasury 4.75% 5/15/2055  | 6100 | 5967 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(n)</sup>  | 159498 | 156059 |
| U.S. Treasury 4.625% 11/15/2055  | 59000 | 56539 |
|  |  | 3506977 |
| **U.S. Treasury inflation-protected securities 0.09%** | **U.S. Treasury inflation-protected securities 0.09%** | **U.S. Treasury inflation-protected securities 0.09%** |
| U.S. Treasury Inflation-Protected Security 0.125% 1/15/2030 <sup>(o)</sup>  | 25200 | 24182 |
| U.S. Treasury Inflation-Protected Security 2.375% 2/15/2055 <sup>(o)</sup>  | 103759 | 98483 |
|  |  | 122665 |
| **Total U.S. Treasury bonds & notes** |  | 3629642 |
| **Asset-backed obligations 1.20%** | **Asset-backed obligations 1.20%** | **Asset-backed obligations 1.20%** |
| **Other asset-backed securities 0.55%** | **Other asset-backed securities 0.55%** | **Other asset-backed securities 0.55%** |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(g)(l)</sup>  | 370 | 374 |
| Affirm Asset Securitization Trust, Series 2024-B, Class A, 4.62% 9/15/2029 <sup>(g)(l)</sup>  | 16219 | 16261 |
| Affirm Master Trust, Series 2025-2A, Class A, 4.67% 7/15/2033 <sup>(g)(l)</sup>  | 1269 | 1279 |
| Affirm Master Trust, Series 2026-1A, Class A, 4.37% 2/15/2034 <sup>(g)(l)</sup>  | 7147 | 7169 |
| Affirm Master Trust, Series 2026-1A, Class B, 4.57% 2/15/2034 <sup>(g)(l)</sup>  | 1127 | 1131 |
| Affirm Master Trust, Series 2026-1A, Class C, 4.72% 2/15/2034 <sup>(g)(l)</sup>  | 1773 | 1781 |
| Affirm Master Trust, Series 2026-1A, Class D, 4.91% 2/15/2034 <sup>(g)(l)</sup>  | 1531 | 1537 |
| Affirm Master Trust, Series 2025-3A, Class A, 4.45% 10/16/2034 <sup>(g)(l)</sup>  | 3442 | 3451 |
| Affirm, Inc., Series 2024-A, Class A, 5.61% 2/15/2029 <sup>(g)(l)</sup>  | 6099 | 6109 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(g)(l)</sup>  | 10 | 10 |
| Ansley Park Capital, LLC, Series 2025-A, Class A2, 4.43% 4/20/2035 <sup>(g)(l)</sup>  | 5439 | 5469 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(g)(l)</sup>  | 4006 | 4020 |
| Apollo Aviation Securitization Equity Trust, Series 2025-3A, Class A, 5.243% 2/16/2050 <sup>(g)(l)</sup>  | 17409 | 17516 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(g)(l)</sup>  | 14335 | 14496 |
| Apollo Aviation Securitization Equity Trust, Series 2025-1A, Class A, 5.943% 2/16/2050 <sup>(g)(l)</sup>  | 3346 | 3417 |
| Auxilior Term Funding, LLC, Series 24-1, Class A3, 5.49% 7/15/2031 <sup>(g)(l)</sup>  | 5603 | 5701 |
| Bankers Healthcare Group Securitization Trust, Series 2021-A, Class A, 1.42% 11/17/2033 <sup>(g)(l)</sup>  | 89 | 88 |
| 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)(l)</sup>  | 6001 | 5743 |
| 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)(l)</sup>  | 911 | 876 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(g)(l)</sup>  | 660 | 662 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class B, 5.41% 3/15/2030 <sup>(g)(l)</sup>  | 333 | 337 |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class C, 6.38% 1/15/2031 <sup>(g)(l)</sup>  | 243 | 248 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(g)(l)</sup>  | 2353 | 2372 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(g)(l)</sup>  | 3037 | 3095 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(g)(l)</sup>  | 10054 | 9574 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 3.464% 5/11/2037 <sup>(g)(l)</sup>  | 6185 | 5852 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class C, 6.171% 5/11/2037 <sup>(g)(l)</sup>  | 12386 | 12307 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(g)(l)</sup>  | 9174 | 9324 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class B, 6.504% 2/15/2050 <sup>(g)(l)</sup>  | 4383 | 4440 |
| Castlelake Aircraft Securitization Trust, Series 2025-3A, Class A, 5.087% 11/15/2050 <sup>(g)(l)</sup>  | 12397 | 12407 |
| CCG Receivables Trust, Series 2025-2, Class B, 4.58% 8/15/2034 <sup>(g)(l)</sup>  | 6513 | 6559 |
| CCG Receivables Trust, Series 2025-2, Class C, 4.68% 8/15/2034 <sup>(g)(l)</sup>  | 12610 | 12666 |
| CCG Receivables Trust, Series 2025-2, Class D, 5.08% 8/15/2034 <sup>(g)(l)</sup>  | 5725 | 5751 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(g)(l)</sup>  | 23618 | 20037 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(g)(l)</sup>  | 5696 | 4823 |
| CF Hippolyta, LLC, Series 2020-1, Class B1, 2.28% 7/15/2060 <sup>(g)(l)</sup>  | 5327 | 3420 |
| CF Hippolyta, LLC, Series 2020-1, Class B2, 2.60% 7/15/2060 <sup>(g)(l)</sup>  | 567 | 366 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(g)(l)</sup>  | 16647 | 13622 |

---

---

| | |
|:---|:---|
| **44** | 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)** |
| CF Hippolyta, LLC, Series 2021-1, Class B1, 1.98% 3/15/2061 <sup>(g)(l)</sup>  | USD2,847 | $1770 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(g)(l)</sup>  | 22800 | 22757 |
| CF Hippolyta, LLC, Series 2022-1A, Class A2, 6.11% 8/15/2062 <sup>(g)(l)</sup>  | 18866 | 18610 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(g)(l)</sup>  | 519 | 521 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(g)(l)</sup>  | 2420 | 2287 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(g)(l)</sup>  | 1501 | 1421 |
| CLI Funding VI, LLC, Series 2020-3A, Class A, 2.07% 10/18/2045 <sup>(g)(l)</sup>  | 6236 | 5900 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 1.64% 2/18/2046 <sup>(g)(l)</sup>  | 9623 | 8981 |
| CLI Funding VIII, LLC, Series 2021-1A, Class A, 2.38% 2/18/2046 <sup>(g)(l)</sup>  | 374 | 347 |
| CNH Equipment Trust, Series 2024-B, Class A2A, 5.42% 10/15/2027 <sup>(l)</sup>  | 448 | 448 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(g)(l)</sup>  | 4777 | 4874 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD CME Term SOFR <br> + 0.254%) 3.935% 1/15/2037 <sup>(i)(l)</sup>  | 158 | 153 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD CME Term SOFR <br> + 0.264%) 3.945% 2/15/2037 <sup>(i)(l)</sup>  | 259 | 247 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A3, 5.49% 12/15/2027 <sup>(l)</sup>  | 4296 | 4331 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027 <sup>(g)(l)</sup>  | 1500 | 1505 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032 <sup>(g)(l)</sup>  | 2622 | 2636 |
| DLLAD, LLC, Series 2024-1, Class A2, 5.50% 8/20/2027 <sup>(g)(l)</sup>  | 752 | 755 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(g)(l)</sup>  | 1718 | 1754 |
| DLLAD, LLC, Series 2024-1, Class A4, 5.38% 9/22/2031 <sup>(g)(l)</sup>  | 844 | 875 |
| EDvestinU Private Education Loan, LLC, Series 2021-A, Class A, 1.80% 11/25/2045 <sup>(g)(l)</sup>  | 867 | 815 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(g)(l)</sup>  | 7480 | 7592 |
| EquipmentShare, Series 2025-1M, Class A, 5.48% 9/26/2033 <sup>(g)(l)</sup>  | 5852 | 5896 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(g)(l)</sup>  | 2465 | 2366 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(g)(l)</sup>  | 1080 | 1011 |
| GCI Funding I, LLC, Series 2021-1, Class B, 3.04% 6/18/2046 <sup>(g)(l)</sup>  | 82 | 75 |
| GGAM Master Trust International, Ltd., Series 2025-1A, Class A, 5.923% 9/30/2060 <sup>(g)(l)</sup>  | 7124 | 7156 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(g)(l)</sup>  | 11262 | 11348 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(g)(l)</sup>  | 5009 | 4822 |
| Global SC Finance VII SRL, Series 2020-2A, Class A, 2.26% 11/19/2040 <sup>(g)(l)</sup>  | 9394 | 9057 |
| Global SC Finance VII SRL, Series 2021-1A, Class A, 1.86% 4/17/2041 <sup>(g)(l)</sup>  | 16443 | 15462 |
| Global SC Finance VII SRL, Series 2021-2A, Class A, 1.95% 8/17/2041 <sup>(g)(l)</sup>  | 14057 | 13339 |
| Global SC Finance VII SRL, Series 2021-2A, Class B, 2.49% 8/17/2041 <sup>(g)(l)</sup>  | 1319 | 1231 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, 5.28% 3/15/2027 <sup>(g)(l)</sup>  | 335 | 336 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A3, 5.00% 9/15/2028 <sup>(g)(l)</sup>  | 528 | 536 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(g)(l)</sup>  | 5443 | 5490 |
| HPEFS Equipment Trust, Series 2025-1A, Class A2, 4.49% 9/20/2032 <sup>(g)(l)</sup>  | 1500 | 1506 |
| HPEFS Equipment Trust, Series 2025-2A, Class A3, 4.03% 11/22/2032 <sup>(g)(l)</sup>  | 2021 | 2027 |
| HPEFS Equipment Trust, Series 2025-2A, Class B, 4.21% 11/22/2032 <sup>(g)(l)</sup>  | 857 | 858 |
| HPEFS Equipment Trust, Series 2025-2A, Class C, 4.41% 11/22/2032 <sup>(g)(l)</sup>  | 1613 | 1616 |
| John Deere Owner Trust, Series 2024-A, Class A3, 4.96% 11/15/2028 <sup>(l)</sup>  | 4322 | 4359 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(g)(l)</sup>  | 13184 | 12587 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(g)(l)</sup>  | 71561 | 60292 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(g)(l)</sup>  | 701 | 706 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(g)(l)</sup>  | 1016 | 1021 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(g)(l)</sup>  | 801 | 804 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(g)(l)</sup>  | 6348 | 6406 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class B, 5.52% 4/19/2032 <sup>(g)(l)</sup>  | 6497 | 6556 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(g)(l)</sup>  | 1643 | 1656 |
| PEAC Solutions Receivables, LLC, Series 2026-1A, Class A2, 4.27% 10/20/2028 <sup>(g)(l)</sup>  | 429 | 431 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(g)(l)</sup>  | 1850 | 1862 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(g)(l)</sup>  | 13351 | 13399 |
| PG&E Wildfire Recovery Funding, LLC, Series 2022-A, Class A2, 4.263% 6/1/2038 <sup>(l)</sup>  | 4926 | 4793 |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(g)(l)</sup>  | 2202 | 2206 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) 5.38% <br>9/15/2039 <sup>(g)(i)(l)</sup>  | 1492 | 1509 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(g)(l)</sup>  | 2050 | 2097 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(g)(l)</sup>  | 1929 | 1935 |
| Reach Financial, LLC, Series 2026-1A, Class A, 4.32% 2/15/2033 <sup>(g)(l)</sup>  | 766 | 768 |
| Reach Financial, LLC, Series 2026-1A, Class B, 4.37% 2/15/2033 <sup>(g)(l)</sup>  | 502 | 503 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class B, 5.23% 9/20/2034 <sup>(g)(l)</sup>  | 817 | 841 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class C, 5.37% 9/20/2034 <sup>(g)(l)</sup>  | 712 | 735 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class D, 5.88% 11/20/2035 <sup>(g)(l)</sup>  | 303 | 314 |
| SLAM, Ltd., Series 2021-1, Class A, 2.434% 6/15/2046 <sup>(g)(l)</sup>  | 6398 | 6124 |
| SLAM, Ltd., Series 2021-1, Class B, 3.422% 6/15/2046 <sup>(g)(l)</sup>  | 1178 | 1129 |

---

---

| | |
|:---|:---|
| 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)** |
| **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** |
| SLAM, Ltd., Series 2024-1A, Class A, 5.335% 9/15/2049 <sup>(g)(l)</sup>  | USD3,845 | $3898 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(g)(l)</sup>  | 7434 | 7127 |
| SPRITE, Ltd., Series 2021-1, Class A, 3.75% 11/15/2046 <sup>(g)(l)</sup>  | 5239 | 5135 |
| Stellar Jay Ireland DAC, Series 2021-1, Class A, 3.967% 10/15/2041 <sup>(g)(l)</sup>  | 2103 | 2079 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class AA, 2.301% 2/28/2033 <sup>(g)(l)</sup>  | 2310 | 2259 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class A, 2.675% 2/28/2033 <sup>(g)(l)</sup>  | 2288 | 2236 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(g)(l)</sup>  | 8268 | 8239 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(g)(l)</sup>  | 9761 | 9738 |
| Subway Funding, LLC, Series 2024-1, Class A2I, 6.028% 7/30/2054 <sup>(g)(l)</sup>  | 17111 | 17351 |
| Subway Funding, LLC, Series 2024-1, Class A2II, 6.268% 7/30/2054 <sup>(g)(l)</sup>  | 17111 | 17479 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(g)(l)</sup>  | 1598 | 1555 |
| Synchrony Card Issuance Trust, Series 2023-A, Class A, 5.54% 7/15/2029 <sup>(l)</sup>  | 6264 | 6309 |
| Synchrony Card Issuance Trust, Series 2025-A1, Class A, 4.78% 2/15/2031 <sup>(l)</sup>  | 6813 | 6933 |
| Synchrony Card Issuance Trust, Series 2025-A3, Class A, 4.06% 11/15/2031 <sup>(l)</sup>  | 9820 | 9865 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(g)(l)</sup>  | 2887 | 2773 |
| Textainer Marine Containers, Ltd., Series 2020-1A, Class A, 2.73% 8/21/2045 <sup>(g)(l)</sup>  | 3542 | 3437 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(g)(l)</sup>  | 4985 | 4738 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(g)(l)</sup>  | 938 | 901 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class A, 1.68% 2/20/2046 <sup>(g)(l)</sup>  | 9086 | 8568 |
| Textainer Marine Containers, Ltd., Series 2021-1, Class B, 2.52% 2/20/2046 <sup>(g)(l)</sup>  | 391 | 367 |
| Textainer Marine Containers, Ltd., Series 2021-2A, Class A, 2.23% 4/20/2046 <sup>(g)(l)</sup>  | 12453 | 11794 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(g)(l)</sup>  | 6362 | 6391 |
| TIF Funding II, LLC, Series 2020-1A, Class A, 2.09% 8/20/2045 <sup>(g)(l)</sup>  | 5025 | 4824 |
| TIF Funding II, LLC, Series 2021-1A, Class A, 1.65% 2/20/2046 <sup>(g)(l)</sup>  | 3969 | 3650 |
| TIF Funding II, LLC, Series 2021-1A, Class B, 2.54% 2/20/2046 <sup>(g)(l)</sup>  | 143 | 130 |
| TIF Funding II, LLC, Series 2024-1, Class C, 6.31% 4/20/2049 <sup>(g)(l)</sup>  | 231 | 233 |
| T-Mobile US Trust, Series 2024-1, Class A, 5.05% 9/20/2029 <sup>(g)(l)</sup>  | 12824 | 12910 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(g)(l)</sup>  | 17097 | 16173 |
| Triton Container Finance VIII, LLC, Series 2021-1, Class A, 1.86% 3/20/2046 <sup>(g)(l)</sup>  | 9425 | 8776 |
| Triton Container Finance VIII, LLC, Series 2021-1A, Class B, 2.58% 3/20/2046 <sup>(g)(l)</sup>  | 360 | 332 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(g)(l)</sup>  | 3961 | 3980 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(g)(l)</sup>  | 975 | 980 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(g)(l)</sup>  | 1664 | 1696 |
| Verizon Master Trust, Series 2024-3, Class A1A, 5.34% 4/22/2030 <sup>(l)</sup>  | 19500 | 19864 |
| Verizon Master Trust, Series 2025-9, Class A1A, 3.96% 10/21/2030 (4.67% on 10/20/2027) <sup>(j)(l)</sup>  | 1316 | 1319 |
| Verizon Master Trust, Series 2023-3, Class A, 4.73% 4/21/2031 <sup>(g)(l)</sup>  | 20266 | 20626 |
| Verizon Master Trust, Series 2025-7, Class A1A, 3.96% 8/20/2031 <sup>(l)</sup>  | 7611 | 7638 |
| Verizon Master Trust, Series 2024-5, Class A, 5.00% 6/21/2032 <sup>(g)(l)</sup>  | 3127 | 3224 |
| Verizon Master Trust, Series 2025-4, Class A, 4.76% 3/21/2033 <sup>(g)(l)</sup>  | 14830 | 15215 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027 <sup>(g)(l)</sup>  | 430 | 430 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(g)(l)</sup>  | 2883 | 2889 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.128% 10/20/2026 <sup>(g)(l)</sup>  | 1825 | 1826 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(g)(l)</sup>  | 914 | 920 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(g)(l)</sup>  | 126 | 127 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.57% 9/20/2033 <sup>(g)(l)</sup>  | 1052 | 1057 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(g)(l)</sup>  | 160 | 161 |
|  |  | 798186 |
| **Auto loan 0.51%** | **Auto loan 0.51%** | **Auto loan 0.51%** |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class A, 4.81% 3/13/2028 <sup>(g)(l)</sup>  | 52 | 52 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class B, 5.66% 8/14/2028 <sup>(g)(l)</sup>  | 1709 | 1711 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class C, 6.24% 4/12/2030 <sup>(g)(l)</sup>  | 6130 | 6175 |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53% 4/12/2030 <sup>(g)(l)</sup>  | 7281 | 7433 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class C, 5.73% 7/12/2030 <sup>(g)(l)</sup>  | 13560 | 13679 |
| American Credit Acceptance Receivables Trust, Series 2024-3, Class D, 6.04% 7/12/2030 <sup>(g)(l)</sup>  | 4469 | 4558 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(g)(l)</sup>  | 2547 | 2561 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class D, 5.34% 8/12/2031 <sup>(g)(l)</sup>  | 5726 | 5788 |
| AmeriCredit Automobile Receivables Trust, Series 2023-1, Class B, 5.57% 3/20/2028 <sup>(l)</sup>  | 5578 | 5626 |
| AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2, 4.72% 4/10/2028 <sup>(g)(l)</sup>  | 420 | 421 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(g)(l)</sup>  | 4269 | 4265 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(g)(l)</sup>  | 242 | 242 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class C, 4.25% 2/20/2027 <sup>(g)(l)</sup>  | 767 | 767 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class A, 1.38% 8/20/2027 <sup>(g)(l)</sup>  | 29959 | 29695 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class B, 1.63% 8/20/2027 <sup>(g)(l)</sup>  | 1699 | 1684 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class C, 2.13% 8/20/2027 <sup>(g)(l)</sup>  | 551 | 547 |

---

---

| | |
|:---|:---|
| **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)** |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2021-1A, Class D, 3.71% 8/20/2027 <sup>(g)(l)</sup>  | USD5,000 | $4973 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-5, Class A, 5.78% 4/20/2028 <sup>(g)(l)</sup>  | 10793 | 10984 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4, Class A, 5.49% 6/20/2029 <sup>(g)(l)</sup>  | 12400 | 12742 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(g)(l)</sup>  | 23741 | 24723 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8, Class A, 6.02% 2/20/2030 <sup>(g)(l)</sup>  | 3150 | 3305 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class A, 5.36% 6/20/2030 <sup>(g)(l)</sup>  | 7930 | 8199 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-1, Class B, 5.85% 6/20/2030 <sup>(g)(l)</sup>  | 1507 | 1566 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-3, Class A, 5.23% 12/20/2030 <sup>(g)(l)</sup>  | 8000 | 8234 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2024-3, Class B, 5.58% 12/20/2030 <sup>(g)(l)</sup>  | 1671 | 1721 |
| BofA Auto Trust, Series 2024-1, Class A3, 5.35% 11/15/2028 <sup>(g)(l)</sup>  | 3953 | 3987 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class A2, 4.73% 2/15/2028 <sup>(l)</sup>  | 856 | 857 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A3, 5.34% 4/17/2028 <sup>(l)</sup>  | 1220 | 1222 |
| Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A2, 4.10% 7/17/2028 <sup>(l)</sup>  | 1288 | 1288 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class B, 5.43% 8/15/2028 <sup>(l)</sup>  | 933 | 934 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class A3, 4.72% 9/15/2028 <sup>(l)</sup>  | 1455 | 1458 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/2029 <sup>(l)</sup>  | 987 | 996 |
| Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class A3, 4.04% 12/17/2029 <sup>(l)</sup>  | 878 | 879 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, 5.83% 5/15/2030 <sup>(l)</sup>  | 4610 | 4714 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class B, 4.77% 8/15/2030 <sup>(l)</sup>  | 2963 | 2980 |
| Bridgecrest Lending Auto Securitization Trust, Series 2024-4, Class C, 4.83% 8/15/2030 <sup>(l)</sup>  | 5300 | 5346 |
| CarMax Auto Owner Trust, Series 2024-3, Class A3, 4.89% 7/16/2029 <sup>(l)</sup>  | 15202 | 15383 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(l)</sup>  | 267 | 267 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62% 1/15/2030 <sup>(l)</sup>  | 2153 | 2200 |
| CarMax Select Receivables Trust, Series 2024-A, Class D, 6.27% 12/16/2030 <sup>(l)</sup>  | 3265 | 3367 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72% 9/11/2028 <sup>(l)</sup>  | 117 | 114 |
| Carvana Auto Receivables Trust, Series 2021-N4, Class A2, 1.80% 9/11/2028 <sup>(l)</sup>  | 756 | 744 |
| Chase Auto Owner Trust, Series 2024-4A, Class A2, 5.25% 9/27/2027 <sup>(g)(l)</sup>  | 96 | 96 |
| Chase Auto Owner Trust, Series 2024-4A, Class A3, 4.94% 7/25/2029 <sup>(g)(l)</sup>  | 9354 | 9439 |
| Chase Auto Owner Trust, Series 2024-3, Class A3, 5.22% 7/25/2029 <sup>(g)(l)</sup>  | 8150 | 8244 |
| Chase Auto Owner Trust, Series 2024-1, Class A4, 5.05% 10/25/2029 <sup>(g)(l)</sup>  | 10983 | 11224 |
| CPS Auto Receivables Trust, Series 2024-C, Class A, 5.88% 2/15/2028 <sup>(g)(l)</sup>  | 115 | 115 |
| CPS Auto Receivables Trust, Series 2024-A, Class B, 5.65% 5/15/2028 <sup>(g)(l)</sup>  | 84 | 84 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(g)(l)</sup>  | 549 | 553 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030 <sup>(g)(l)</sup>  | 197 | 201 |
| CPS Auto Receivables Trust, Series 2024-C, Class C, 5.76% 10/15/2030 <sup>(g)(l)</sup>  | 2376 | 2408 |
| CPS Auto Receivables Trust, Series 2024-C, Class D, 6.22% 10/15/2030 <sup>(g)(l)</sup>  | 2251 | 2308 |
| CPS Auto Trust, Series 2025-D, Class B, 4.48% 4/15/2030 <sup>(g)(l)</sup>  | 1647 | 1653 |
| Credit Acceptance Auto Loan Trust, Series 2023-3, Class A, 6.39% 8/15/2033 <sup>(g)(l)</sup>  | 1823 | 1831 |
| Drive Auto Receivables Trust, Series 2024-1, Class B, 5.31% 1/16/2029 <sup>(l)</sup>  | 1541 | 1547 |
| Drive Auto Receivables Trust, Series 2024-1, Class C, 5.43% 11/17/2031 <sup>(l)</sup>  | 3253 | 3297 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A2, 5.74% 12/20/2026 <sup>(g)(l)</sup>  | 496 | 497 |
| Enterprise Fleet Financing, LLC, Series 2024-3, Class A2, 5.31% 4/20/2027 <sup>(g)(l)</sup>  | 2467 | 2475 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A3, 4.29% 7/20/2029 <sup>(g)(l)</sup>  | 3349 | 3352 |
| Enterprise Fleet Financing, LLC, Series 2022-3, Class A2, 4.38% 7/20/2029 <sup>(g)(l)</sup>  | 223 | 224 |
| Enterprise Fleet Financing, LLC, Series 2022-4, Class A2, 5.76% 10/22/2029 <sup>(g)(l)</sup>  | 788 | 790 |
| Enterprise Fleet Financing, LLC, Series 2024-1, Class A3, 5.16% 9/20/2030 <sup>(g)(l)</sup>  | 2471 | 2520 |
| Enterprise Fleet Financing, LLC, Series 2024-2, Class A4, 5.69% 12/20/2030 <sup>(g)(l)</sup>  | 3023 | 3120 |
| Exeter Automobile Receivables Trust, Series 2021-2, Class D, 1.40% 4/15/2027 <sup>(l)</sup>  | 1735 | 1731 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(l)</sup>  | 10 | 10 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class C, 6.21% 6/15/2028 <sup>(l)</sup>  | 461 | 463 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(l)</sup>  | 1420 | 1422 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class B, 5.29% 8/15/2028 <sup>(l)</sup>  | 1404 | 1407 |
| Exeter Automobile Receivables Trust, Series 2026-1A, Class A2, 4.08% 9/15/2028 <sup>(l)</sup>  | 2026 | 2027 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class D, 6.68% 4/16/2029 <sup>(l)</sup>  | 1839 | 1879 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class C, 5.70% 7/16/2029 <sup>(l)</sup>  | 3616 | 3670 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class B, 4.91% 8/15/2029 <sup>(l)</sup>  | 3094 | 3119 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class A3, 4.24% 11/15/2029 <sup>(l)</sup>  | 1341 | 1347 |
| Exeter Automobile Receivables Trust, Series 2026-1A, Class A3, 4.03% 3/15/2030 <sup>(l)</sup>  | 2049 | 2052 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class C, 5.41% 5/15/2030 <sup>(l)</sup>  | 3191 | 3225 |
| Exeter Automobile Receivables Trust, Series 2024-1, Class D, 5.84% 6/17/2030 <sup>(l)</sup>  | 5167 | 5274 |
| Exeter Automobile Receivables Trust, Series 2025-5A, Class B, 4.28% 7/15/2030 <sup>(l)</sup>  | 1260 | 1266 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class C, 5.48% 8/15/2030 <sup>(l)</sup>  | 1480 | 1503 |
| Exeter Automobile Receivables Trust, Series 2024-3A, Class D, 5.98% 9/16/2030 <sup>(l)</sup>  | 4746 | 4886 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030 <sup>(l)</sup>  | 2608 | 2678 |
| Exeter Automobile Receivables Trust, Series 2023-3A, Class E, 9.98% 1/15/2031 <sup>(g)(l)</sup>  | 1014 | 1098 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class C, 5.09% 5/15/2031 <sup>(l)</sup>  | 6311 | 6402 |

---

---

| | |
|:---|:---|
| 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)** |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49% 5/15/2031 <sup>(l)</sup>  | USD4,939 | $5026 |
| Ford Credit Auto Lease Trust, Series 2024-A, Class A4, 5.05% 6/15/2027 <sup>(l)</sup>  | 1053 | 1057 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(g)(l)</sup>  | 13385 | 13827 |
| Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.87% 8/15/2036 <sup>(g)(i)(l)</sup>  | 30500 | 31290 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(g)(l)</sup>  | 5275 | 5313 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-2, Class A1, 4.06% 9/15/2030 <sup>(l)</sup>  | 13098 | 13142 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(g)(l)</sup>  | 121 | 121 |
| GLS Auto Receivables Trust, Series 2024-1, Class B, 5.49% 7/17/2028 <sup>(g)(l)</sup>  | 2151 | 2158 |
| GLS Auto Receivables Trust, Series 2024-2, Class B, 5.77% 11/15/2028 <sup>(g)(l)</sup>  | 3757 | 3780 |
| GLS Auto Receivables Trust, Series 2024-3A, Class B, 5.08% 1/16/2029 <sup>(g)(l)</sup>  | 2842 | 2860 |
| GLS Auto Receivables Trust, Series 2024-4A, Class B, 4.89% 4/16/2029 <sup>(g)(l)</sup>  | 1830 | 1844 |
| GLS Auto Receivables Trust, Series 2023-3, Class C, 6.01% 5/15/2029 <sup>(g)(l)</sup>  | 905 | 912 |
| GLS Auto Receivables Trust, Series 2023-3, Class D, 6.44% 5/15/2029 <sup>(g)(l)</sup>  | 818 | 840 |
| GLS Auto Receivables Trust, Series 2024-1, Class C, 5.64% 12/17/2029 <sup>(g)(l)</sup>  | 2606 | 2638 |
| GLS Auto Receivables Trust, Series 2024-1, Class D, 5.95% 12/17/2029 <sup>(g)(l)</sup>  | 1674 | 1708 |
| GLS Auto Receivables Trust, Series 2024-2, Class C, 6.03% 2/15/2030 <sup>(g)(l)</sup>  | 5220 | 5328 |
| GLS Auto Receivables Trust, Series 2024-4A, Class C, 5.10% 6/17/2030 <sup>(g)(l)</sup>  | 4809 | 4879 |
| GLS Auto Receivables Trust, Series 2024-4A, Class D, 5.65% 7/15/2030 <sup>(g)(l)</sup>  | 5534 | 5641 |
| GLS Auto Receivables Trust, Series 2024-3A, Class C, 5.21% 2/18/2031 <sup>(g)(l)</sup>  | 2661 | 2699 |
| GLS Auto Receivables Trust, Series 2024-2, Class E, 7.98% 5/15/2031 <sup>(g)(l)</sup>  | 1170 | 1225 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(g)(l)</sup>  | 1115 | 1119 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(g)(l)</sup>  | 1058 | 1066 |
| GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77% 8/11/2036 <sup>(g)(l)</sup>  | 17961 | 18810 |
| GM Financial Revolving Receivables Trust, Series 2024-2, Class A, 4.52% 3/11/2037 <sup>(g)(l)</sup>  | 11802 | 11977 |
| GM Financial Securitized Term Auto Receivables Trust, Series 2024-1, Class A3, 4.85% 12/18/2028 <sup>(l)</sup>  | 3636 | 3660 |
| GMF Floorplan Owner Revolving Trust, Series 2024-1, Class A1, 5.13% 3/15/2029 <sup>(g)(l)</sup>  | 4075 | 4135 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(g)(l)</sup>  | 533 | 535 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class 1D, 9.13% 6/25/2027 <sup>(g)(l)</sup>  | 840 | 847 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class A, 2.33% 6/26/2028 <sup>(g)(l)</sup>  | 8300 | 8131 |
| Hertz Vehicle Financing III, LLC, Series 2022-2, Class D, 5.16% 6/26/2028 <sup>(g)(l)</sup>  | 3583 | 3542 |
| Hertz Vehicle Financing III, LLC, Series 2022-5A, Class A, 3.89% 9/25/2028 <sup>(g)(l)</sup>  | 7264 | 7242 |
| Hertz Vehicle Financing III, LLC, Series 2023-4, Class A, 6.15% 3/25/2030 <sup>(g)(l)</sup>  | 8275 | 8693 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(g)(l)</sup>  | 28555 | 28105 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(g)(l)</sup>  | 3369 | 3316 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(g)(l)</sup>  | 1850 | 1820 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(g)(l)</sup>  | 281 | 285 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class A, 5.44% 1/25/2029 <sup>(g)(l)</sup>  | 10453 | 10665 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class A, 4.91% 9/25/2029 <sup>(g)(l)</sup>  | 2343 | 2380 |
| Hertz Vehicle Financing, LLC, Series 2025-5A, Class A, 4.62% 5/25/2030 <sup>(g)(l)</sup>  | 3042 | 3062 |
| Honda Auto Receivables Owner Trust, Series 2023-1, Class A3, 5.04% 4/21/2027 <sup>(l)</sup>  | 474 | 475 |
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A4, 5.07% 2/15/2028 <sup>(g)(l)</sup>  | 1603 | 1609 |
| Hyundai Auto Receivables Trust, Series 2024-A, Class A3, 4.99% 2/15/2029 <sup>(l)</sup>  | 4752 | 4795 |
| Hyundai Floorplan Master Owner Trust, Series 2025-1A, Class A, 4.01% 10/15/2030 <sup>(g)(l)</sup>  | 20107 | 20151 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A2, 4.64% 11/15/2027 <sup>(g)(l)</sup>  | 479 | 480 |
| LAD Auto Receivables Trust, Series 2023-4, Class A3, 6.10% 12/15/2027 <sup>(g)(l)</sup>  | 142 | 142 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(g)(l)</sup>  | 1685 | 1693 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A4, 4.60% 12/17/2029 <sup>(g)(l)</sup>  | 888 | 897 |
| LAD Auto Receivables Trust, Series 2024-3A, Class C, 4.93% 3/15/2030 <sup>(g)(l)</sup>  | 592 | 600 |
| LAD Auto Receivables Trust, Series 2024-3A, Class D, 5.18% 2/17/2032 <sup>(g)(l)</sup>  | 671 | 678 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03% 7/15/2030 <sup>(g)(l)</sup>  | 1341 | 1345 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A4 4.19% 5/15/2031 <sup>(g)(l)</sup>  | 953 | 956 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class B, 4.37% 7/15/2031 <sup>(g)(l)</sup>  | 329 | 329 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(g)(l)</sup>  | 214 | 214 |
| Prestige Auto Receivables Trust, Series 2024-1, Class C, 5.73% 3/15/2029 <sup>(g)(l)</sup>  | 1492 | 1498 |
| Prestige Auto Receivables Trust, Series 2024-1, Class D, 6.21% 2/15/2030 <sup>(g)(l)</sup>  | 845 | 851 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class A3, 5.25% 4/17/2028 <sup>(l)</sup>  | 93 | 93 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(l)</sup>  | 293 | 293 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(l)</sup>  | 389 | 389 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class A3, 5.63% 11/15/2028 <sup>(l)</sup>  | 4500 | 4513 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class B, 5.77% 12/15/2028 <sup>(l)</sup>  | 9527 | 9607 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A3, 5.63% 1/16/2029 <sup>(l)</sup>  | 380 | 381 |
| Santander Drive Auto Receivables Trust, Series 2024-2, Class B, 5.78% 7/16/2029 <sup>(l)</sup>  | 6069 | 6145 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class B, 4.93% 9/17/2029 <sup>(l)</sup>  | 3599 | 3631 |
| Santander Drive Auto Receivables Trust, Series 2024-1, Class C, 5.45% 3/15/2030 <sup>(l)</sup>  | 745 | 755 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class C, 4.95% 4/15/2030 <sup>(l)</sup>  | 4218 | 4260 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class C, 4.78% 1/15/2031 <sup>(l)</sup>  | 2657 | 2682 |

---

---

| | |
|:---|:---|
| **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)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class D, 5.32% 12/15/2031 <sup>(l)</sup>  | USD5,961 | $6058 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class D, 5.14% 2/17/2032 <sup>(l)</sup>  | 5140 | 5202 |
| SBNA Auto Lease Trust, Series 2024-A, Class A3, 5.39% 11/20/2026 <sup>(g)(l)</sup>  | 872 | 874 |
| SBNA Auto Lease Trust, Series 2024-B, Class A3, 5.56% 11/22/2027 <sup>(g)(l)</sup>  | 1882 | 1891 |
| Securitized Term Auto Receivables Trust, Series 2026-A, Class B, 4.284% 3/25/2033 <sup>(g)(l)</sup>  | 1959 | 1962 |
| Securitized Term Auto Receivables Trust, Series 2026-A, Class C, 4.431% 3/25/2033 <sup>(g)(l)</sup>  | 431 | 432 |
| Securitized Term Auto Receivables Trust, Series 2026-A, Class D, 4.873% 3/25/2033 <sup>(g)(l)</sup>  | 430 | 431 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71% 5/22/2028 <sup>(g)(l)</sup>  | 569 | 570 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A3, 5.47% 10/20/2028 <sup>(g)(l)</sup>  | 3948 | 3973 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class B, 5.71% 1/22/2030 <sup>(g)(l)</sup>  | 1034 | 1059 |
| SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A3, 4.55% 6/20/2030 <sup>(g)(l)</sup>  | 5178 | 5215 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class C, 5.97% 2/20/2031 <sup>(g)(l)</sup>  | 1637 | 1684 |
| Space Coast Credit Union, Series 2025-1A, Class A2, 4.67% 11/15/2028 <sup>(g)(l)</sup>  | 1391 | 1396 |
| Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-CA, Class A2, 4.06% <br>6/20/2028 <sup>(g)(l)</sup>  | 1513 | 1518 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A3, 5.16% 4/17/2028 <sup>(l)</sup>  | 5510 | 5545 |
| Toyota Auto Receivables Owner Trust, Series 2023-C, Class A4, 5.01% 2/15/2029 <sup>(l)</sup>  | 3718 | 3776 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(b)(g)(k)(l)</sup>  | 1675 | 972 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(g)(l)</sup>  | 281 | 281 |
| VStrong Auto Receivables Trust, Series 2024-A, Class A3, 5.62% 12/15/2028 <sup>(g)(l)</sup>  | 338 | 339 |
| VStrong Auto Receivables Trust, Series 2024-A, Class B, 5.77% 7/15/2030 <sup>(g)(l)</sup>  | 1295 | 1316 |
| Westlake Automobile Receivables Trust, Series 2022-1A, Class D, 3.49% 3/15/2027 <sup>(g)(l)</sup>  | 56 | 56 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(g)(l)</sup>  | 4618 | 4626 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(g)(l)</sup>  | 683 | 685 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(g)(l)</sup>  | 3350 | 3360 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class B, 5.92% 9/15/2028 <sup>(g)(l)</sup>  | 3257 | 3263 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class C, 6.02% 9/15/2028 <sup>(g)(l)</sup>  | 3579 | 3614 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class C, 5.65% 2/15/2029 <sup>(g)(l)</sup>  | 2094 | 2120 |
| Westlake Automobile Receivables Trust, Series 2023-3, Class D, 6.47% 3/15/2029 <sup>(g)(l)</sup>  | 1993 | 2046 |
| Westlake Automobile Receivables Trust, Series 2024-1, Class D, 6.02% 10/15/2029 <sup>(g)(l)</sup>  | 2813 | 2889 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class B, 4.72% 11/15/2029 <sup>(g)(l)</sup>  | 11381 | 11458 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class C, 4.92% 11/15/2029 <sup>(g)(l)</sup>  | 7423 | 7493 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class C, 5.68% 3/15/2030 <sup>(g)(l)</sup>  | 8000 | 8136 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class D, 5.21% 4/15/2030 <sup>(g)(l)</sup>  | 8000 | 8110 |
| Westlake Automobile Receivables Trust, Series 2024-2, Class D, 5.91% 4/15/2030 <sup>(g)(l)</sup>  | 2826 | 2901 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class C, 5.14% 10/15/2030 <sup>(g)(l)</sup>  | 3143 | 3190 |
| Wheels Fleet Lease Funding, LLC, Series 2024-1, Class A1, 5.49% 2/18/2039 <sup>(g)(l)</sup>  | 4544 | 4598 |
| Wheels Fleet Lease Funding, LLC, Series 2024-2A, Class A1, 4.87% 6/21/2039 <sup>(g)(l)</sup>  | 4970 | 5025 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(g)(l)</sup>  | 5220 | 5276 |
| World OMNI Select Auto Trust, Series 2024-A, Class A2A, 5.37% 2/15/2028 <sup>(l)</sup>  | 73 | 73 |
| World OMNI Select Auto Trust, Series 2024-A, Class A3, 4.98% 2/15/2030 <sup>(l)</sup>  | 7476 | 7512 |
|  |  | 735889 |
| **Credit card 0.06%** | **Credit card 0.06%** | **Credit card 0.06%** |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(g)(l)</sup>  | 15750 | 15775 |
| Avant Credit Card Master Trust, Series 2024-2A, Class B, 5.73% 5/15/2029 <sup>(g)(l)</sup>  | 8495 | 8516 |
| Avant Credit Card Master Trust, Series 2024-2A, Class C, 6.41% 5/15/2029 <sup>(g)(l)</sup>  | 5620 | 5647 |
| Barclays Dryrock Issuance Trust, Series 2025-1, Class A, 3.97% 7/15/2031 <sup>(l)</sup>  | 7464 | 7485 |
| First National Master Note Trust, Series 2025-1, Class A, 4.85% 2/15/2030 <sup>(l)</sup>  | 7565 | 7707 |
| First National Master Note Trust, Series 2024-1, Class A, 5.34% 5/15/2030 <sup>(l)</sup>  | 8016 | 8153 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class A, 4.84% 9/15/2029 <sup>(g)(l)</sup>  | 3656 | 3665 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(g)(l)</sup>  | 1414 | 1421 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class B, 6.59% 8/15/2029 <sup>(g)(l)</sup>  | 1198 | 1203 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class D, 10.12% 8/15/2029 <sup>(g)(l)</sup>  | 4000 | 4018 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(g)(l)</sup>  | 1554 | 1560 |
| World Financial Network Credit Card Master Trust, Series 2023-A, Class A, 5.02% 3/15/2030 <sup>(l)</sup>  | 17652 | 17697 |
|  |  | 82847 |
| **Collateralized loan obligations 0.06%** | **Collateralized loan obligations 0.06%** | **Collateralized loan obligations 0.06%** |
| Apex Credit CLO, LLC, Series 2021-2A, Class A2R, (3-month USD CME Term SOFR + 1.85%) 5.518% <br>10/20/2034 <sup>(g)(i)(l)</sup>  | 789 | 790 |
| Apidos CLO, Ltd., Series 2019-32A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 4.768% 1/20/2033 <sup>(g)(i)(l)</sup>  | 3906 | 3916 |
| Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) 4.782% <br>5/17/2031 <sup>(g)(i)(l)</sup>  | 2291 | 2292 |

---

---

| | |
|:---|:---|
| 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)** |
| **Collateralized loan obligations (continued)** | **Collateralized loan obligations (continued)** | **Collateralized loan obligations (continued)** |
| Battalion CLO, Ltd., Series 2018-12A, Class BRR, (3-month USD CME Term SOFR + 1.20%) 5.052% <br>5/17/2031 <sup>(g)(i)(l)</sup>  | USD4,961 | $4967 |
| Bluemountain CLO, Ltd., Series 2021-31A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 4.768% <br> 4/19/2034 <sup>(g)(i)(l)</sup>  | 2463 | 2468 |
| Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.752% 7/15/2036 <sup>(g)(i)(l)</sup>  | 5793 | 5804 |
| Fortress Credit BSL, Ltd., CLO, Series 2019-2A, Class A1AR, (3-month USD CME Term SOFR + 1.05%) 4.718% <br> 10/20/2032 <sup>(g)(i)(l)</sup>  | 585 | 585 |
| Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class AR, (3-month USD CME Term SOFR + 1.12%) 4.788% <br> 7/20/2035 <sup>(g)(i)(l)</sup>  | 3997 | 3998 |
| Golub Capital Partners Static, Ltd., CLO, Series 2024-1, Class CR, (3-month USD CME Term SOFR + 1.65%) 5.318% <br> 7/20/2035 <sup>(g)(i)(l)</sup>  | 3001 | 3005 |
| Magnetite CLO, Ltd., Series 2019-22, Class ARR, (3-month USD CME Term SOFR + 1.25%) 4.922% <br>7/15/2036 <sup>(g)(i)(l)</sup>  | 6466 | 6473 |
| Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) 4.711% <br>7/23/2032 <sup>(g)(i)(l)</sup>  | 5390 | 5394 |
| Newark BSL CLO 2, Ltd., Series 2017-1A, Class A1R, (3-month USD CME Term SOFR + 1.232%) 4.90% <br>7/25/2030 <sup>(g)(i)(l)</sup>  | 544 | 544 |
| Palmer Square Loan Funding, Ltd., CLO, Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + 1.00%) <br> 4.672% 1/15/2033 <sup>(g)(i)(l)</sup>  | 10304 | 10317 |
| Palmer Square Loan Funding, Ltd., CLO, Series 2024-2A, Class A2, (3-month USD CME Term SOFR + 1.45%) <br> 5.122% 1/15/2033 <sup>(g)(i)(l)</sup>  | 9460 | 9457 |
| Palmer Square Loan Funding, Ltd., CLO, Series 2024-2A, Class B, (3-month USD CME Term SOFR + 1.70%) <br> 5.372% 1/15/2033 <sup>(g)(i)(l)</sup>  | 3000 | 3004 |
| Palmer Square Loan Funding, Ltd., CLO, Series 2024-2A, Class C, (3-month USD CME Term SOFR + 2.50%) <br> 6.172% 1/15/2033 <sup>(g)(i)(l)</sup>  | 2814 | 2820 |
| Trinitas CLO, Ltd., Series 2018-9A, Class BRRR, (3-month USD CME Term SOFR + 1.70%) 5.368% 1/20/2032 <sup>(g)(i)(l)</sup>  | 2451 | 2459 |
| Valley Stream Park CLO, Ltd., Series 2022-1A, Class ARR, (3-month USD CME Term SOFR + 1.19%) 4.858% <br> 1/20/2037 <sup>(g)(i)(l)</sup>  | 4700 | 4706 |
| Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, (3-month USD CME Term SOFR + 1.13%) 5.059% <br> 4/20/2032 <sup>(g)(i)(l)</sup>  | 995 | 997 |
| Wind River CLO, Ltd., Series 2015-1, Class BR3, (3-month USD CME Term SOFR + 1.80%) 5.468% <br>10/20/2030 <sup>(g)(i)(l)</sup>  | 4287 | 4295 |
|  |  | 78291 |
| **Student loan 0.02%** | **Student loan 0.02%** | **Student loan 0.02%** |
| Navient Education Loan Trust, Series 2025-A, Class A, 5.02% 7/15/2055 <sup>(g)(l)</sup>  | 4719 | 4777 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(g)(l)</sup>  | 4386 | 4042 |
| Navient Student Loan Trust, Series 2021-G, Class A, 1.58% 4/15/2070 <sup>(g)(l)</sup>  | 6447 | 5894 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFX, 1.32% 4/20/2062 <sup>(g)(l)</sup>  | 7615 | 7181 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(g)(l)</sup>  | 4116 | 3929 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(g)(l)</sup>  | 7178 | 6814 |
|  |  | 32637 |
| **Total asset-backed obligations** |  | 1727850 |
| **Loans 0.48%** | **Loans 0.48%** | **Loans 0.48%** |
| **Financials 0.12%** | **Financials 0.12%** | **Financials 0.12%** |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(b)(g)(i)(p)</sup>  | 28233 | 28021 |
| Alera Group Intermediate Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 5.50%) 9.172% <br>5/30/2033 <sup>(i)(p)</sup>  | 23485 | 23961 |
| CRC Insurance Group, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.422% 5/6/2032 <sup>(i)(p)</sup>  | 46811 | 47162 |
| HUB International, Ltd., Term Loan, (3-month USD CME Term SOFR + 2.25%) 5.92% 6/20/2030 <sup>(i)(p)</sup>  | 35279 | 35325 |
| Osaic Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.595% 7/30/2032 <sup>(i)(p)</sup>  | 36855 | 36625 |
|  |  | 171094 |
| **Health care 0.09%** | **Health care 0.09%** | **Health care 0.09%** |
| BioMarin Pharmaceutical, Inc., Term Loan B, (USD-SOFR + 1.75%) 5.421% 1/28/2033 <sup>(i)(p)</sup>  | 6180 | 6197 |
| Endo Finance Holdings, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 7.422% 4/23/2031 <sup>(i)(p)</sup>  | 65698 | 65816 |
| Owens & Minor, Inc., Term Loan B-1, (3-month USD CME Term SOFR + 3.85%) 7.522% 3/29/2029 <sup>(i)(p)</sup>  | 10773 | 9705 |
| Radiology Partners, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.172% 6/30/2032 <sup>(i)(p)</sup>  | 49875 | 49982 |
| Surgery Center Holdings, Inc., Term Loan, (1-month USD CME Term SOFR + 2.50%) 6.172% 12/19/2030 <sup>(i)(p)</sup>  | 3842 | 3851 |
|  |  | 135551 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Loans (continued)** | **Loans (continued)** | **Loans (continued)** |
| **Consumer discretionary 0.06%** | **Consumer discretionary 0.06%** | **Consumer discretionary 0.06%** |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 1.614%) 6.00% PIK and 5.35% Cash <br> 3/11/2030 <sup>(b)(h)(i)(p)</sup>  | USD3,343 | $3343 |
| Aimbridge Acquisition Co., Inc., Term Loan, (1-month USD CME Term SOFR + 5.614%) 9.29% 3/11/2030 <sup>(b)(i)(p)</sup>  | 3520 | 3520 |
| Belron Finance 2019, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.25%) 6.12% 10/16/2031 <sup>(i)(p)</sup>  | 28995 | 29113 |
| First Student Bidco, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.172% 8/15/2030 <sup>(i)(p)</sup>  | 4447 | 4447 |
| First Student Bidco, Inc., Term Loan C, (3-month USD CME Term SOFR + 2.50%) 6.172% 8/15/2030 <sup>(i)(p)</sup>  | 1423 | 1424 |
| Mercury Aggregator, LP, Term Loan 2, 19.00% PIK 2/3/2026 <sup>(b)(h)(k)(p)</sup>  | 696 | — <br><sup>(c)</sup><br>|
| Mercury Aggregator, LP, Term Loan, 19.00% PIK 2/3/2026 <sup>(b)(h)(k)(p)</sup>  | 1292 | — <br><sup>(c)</sup><br>|
| Scientific Games Holdings, LP, Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.652% 4/4/2029 <sup>(i)(p)</sup>  | 32138 | 31686 |
| Voyager Parent, LLC, Term Loan B, (3-month USD CME Term SOFR + 4.25%) 7.911% 7/1/2032 <sup>(i)(p)</sup>  | 16718 | 16731 |
|  |  | 90264 |
| **Information technology 0.06%** | **Information technology 0.06%** | **Information technology 0.06%** |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR + 7.25%) 10.973% 9/13/2029 <sup>(f)(i)(p)</sup>  | 9222 | 9268 |
| Finastra USA, Inc., Term Loan, (1-month USD CME Term SOFR + 4.00%) 7.669% 7/30/2032 <sup>(i)(p)</sup>  | 28255 | 26842 |
| Kaseya, Inc., Term Loan, (3-month USD CME Term SOFR + 5.00%) 8.672% 3/20/2033 <sup>(i)(p)</sup>  | 16750 | 16227 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.614%) 8.286% 3/2/2029 <sup>(i)(p)</sup>  | 26363 | 26346 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.614%) 8.286% 5/30/2030 <sup>(i)(p)</sup>  | 5676 | 5661 |
|  |  | 84344 |
| **Industrials 0.06%** | **Industrials 0.06%** | **Industrials 0.06%** |
| Amentum Escrow Corp., Term Loan, (3-month USD CME Term SOFR + 2.00%) 5.672% 9/29/2031 <sup>(i)(p)</sup>  | 19140 | 19198 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 3.614%) 7.286% 6/2/2028 <sup>(i)(p)</sup>  | 5800 | 5789 |
| CoreLogic, Inc., Term Loan, (3-month USD CME Term SOFR + 6.614%) 10.286% 6/4/2029 <sup>(i)(p)</sup>  | 475 | 472 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.517% 2/1/2028 <sup>(i)(p)</sup>  | 62877 | 58240 |
|  |  | 83699 |
| **Communication services 0.05%** | **Communication services 0.05%** | **Communication services 0.05%** |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.172% 9/27/2029 <sup>(i)(p)</sup>  | 20707 | 20673 |
| Diamond Sports Net, LLC, Term Loan, 15.00% PIK 1/2/2028 <sup>(h)(p)</sup>  | 775 | 222 |
| DIRECTV Financing, LLC, Term Loan, (3-month USD CME Term SOFR + 5.262%) 8.928% 8/2/2027 <sup>(i)(p)</sup>  | 566 | 568 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.114%) 6.814% 12/1/2028 <sup>(i)(p)</sup>  | 16850 | 16784 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 8.95% 6/4/2029 <sup>(i)(p)</sup>  | 739 | 740 |
| Ligado Networks, LLC, Term Loan, 17.50% PIK 12/31/2027 <sup>(b)(h)(p)</sup>  | 24615 | 24615 |
| Univision Communications, Inc., Term Loan, (3-month USD CME Term SOFR + 4.25%) 7.922% 6/24/2029 <sup>(i)(p)</sup>  | 572 | 573 |
| X Corp., Term Loan B3, 9.50% 10/26/2029 <sup>(p)</sup>  | 6175 | 6405 |
| X Corp., Term Loan B, (USD-SOFR + 6.75%) 10.448% 10/26/2029 <sup>(i)(p)</sup>  | 1693 | 1693 |
|  |  | 72273 |
| **Utilities 0.02%** | **Utilities 0.02%** | **Utilities 0.02%** |
| MI Windows and Doors, LLC, Term Loan B3, (3-month USD CME Term SOFR + 2.75%) 6.422% 3/28/2031 <sup>(i)(p)</sup>  | 8200 | 8205 |
| Talen Energy Supply, LLC, Term Loan B, (3-month USD CME Term SOFR + 2.50%) 6.353% 5/17/2030 <sup>(i)(p)</sup>  | 16692 | 16741 |
|  |  | 24946 |
| **Consumer staples 0.01%** | **Consumer staples 0.01%** | **Consumer staples 0.01%** |
| Fiesta Purchaser, Inc., Term Loan B, (1-month USD CME Term SOFR + 2.75%) 6.422% 2/12/2031 <sup>(i)(p)</sup>  | 4911 | 4773 |
| United Natural Foods, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.75%) 8.422% 5/1/2031 <sup>(i)(p)</sup>  | 16062 | 16188 |
|  |  | 20961 |
| **Materials 0.01%** | **Materials 0.01%** | **Materials 0.01%** |
| Venator Material, LLC, Term Loan, (USD-Prime + 4.00%) 7.00% PIK 7/16/2026 <sup>(b)(h)(i)(k)(p)</sup>  | 9629 | 3051 |
| Venator Material, LLC, Term Loan, (3-month USD CME Term SOFR + 8.00%) 7.00% PIK 7/16/2026 <sup>(b)(h)(i)(k)(p)</sup>  | 9742 | 3086 |
| Venator Material, LLC, Term Loan, (USD-SOFR + 10.00%) 7.00% PIK 10/12/2028 <sup>(b)(h)(i)(k)(p)</sup>  | 15941 | 5050 |
|  |  | 11187 |
| **Energy 0.00%** | **Energy 0.00%** | **Energy 0.00%** |
| New Fortress Energy, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.50%) 0% 10/30/2028 <sup>(i)(k)(p)</sup>  | 1670 | 658 |
| **Total loans** |  | 694977 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| 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. 0.35%** | **Bonds & notes of governments & government agencies outside the U.S. 0.35%** | **Bonds & notes of governments & government agencies outside the U.S. 0.35%** |
| **Mexico 0.28%** | **Mexico 0.28%** | **Mexico 0.28%** |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(g)</sup>  | USD208,185 | $211739 |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030  | 53815 | 54734 |
| United Mexican States 6.00% 5/13/2030  | 4490 | 4680 |
| United Mexican States 4.75% 4/27/2032  | 7815 | 7611 |
| United Mexican States 5.375% 3/22/2033  | 13000 | 12847 |
| United Mexican States 4.875% 5/19/2033  | 3912 | 3749 |
| United Mexican States 5.625% 2/9/2034  | 7748 | 7729 |
| United Mexican States 3.50% 2/12/2034  | 17988 | 15542 |
| United Mexican States 5.625% 9/22/2035  | 5541 | 5438 |
| United Mexican States 6.00% 5/7/2036  | 58740 | 59122 |
| United Mexican States 6.875% 5/13/2037  | 13455 | 14259 |
| United Mexican States 7.375% 5/13/2055  | 6745 | 7232 |
| United Mexican States 3.771% 5/24/2061  | 5180 | 3174 |
|  |  | 407856 |
| **Canada 0.02%** | **Canada 0.02%** | **Canada 0.02%** |
| OMERS Finance Trust 3.50% 4/19/2032 <sup>(g)</sup>  | 7941 | 7605 |
| OMERS Finance Trust 4.00% 4/19/2052 <sup>(g)</sup>  | 7941 | 6113 |
| Ontario (Province of) 3.90% 9/4/2030  | 14900 | 14875 |
|  |  | 28593 |
| **Kuwait 0.02%** | **Kuwait 0.02%** | **Kuwait 0.02%** |
| Kuwait (State of) 4.652% 10/9/2035 <sup>(g)</sup>  | 21000 | 20739 |
| **Peru 0.01%** | **Peru 0.01%** | **Peru 0.01%** |
| Peru (Republic of) 1.862% 12/1/2032  | 8550 | 7116 |
| Peru (Republic of) 5.875% 8/8/2054  | 3665 | 3604 |
| Peru (Republic of) 2.78% 12/1/2060  | 12800 | 6962 |
|  |  | 17682 |
| **Panama 0.01%** | **Panama 0.01%** | **Panama 0.01%** |
| Panama (Republic of) 7.50% 3/1/2031  | 4015 | 4431 |
| Panama (Republic of) 2.252% 9/29/2032  | 8741 | 7232 |
|  |  | 11663 |
| **Morocco 0.01%** | **Morocco 0.01%** | **Morocco 0.01%** |
| Morocco (Kingdom of) 3.00% 12/15/2032 <sup>(g)</sup>  | 6000 | 5235 |
| Morocco (Kingdom of) 4.00% 12/15/2050 <sup>(g)</sup>  | 6000 | 4285 |
|  |  | 9520 |
| **United Arab Emirates 0.00%** | **United Arab Emirates 0.00%** | **United Arab Emirates 0.00%** |
| Abu Dhabi (Emirate of) 1.70% 3/2/2031 <sup>(g)</sup>  | 1700 | 1517 |
| Abu Dhabi (Emirate of) 3.875% 4/16/2050 <sup>(g)</sup>  | 5350 | 4241 |
|  |  | 5758 |
| **Saudi Arabia 0.00%** | **Saudi Arabia 0.00%** | **Saudi Arabia 0.00%** |
| Saudi Arabia (Kingdom of) 5.875% 1/12/2056 <sup>(g)</sup>  | 3738 | 3653 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 505464 |
| **Municipals 0.24%** | **Municipals 0.24%** | **Municipals 0.24%** |
| **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>  | 8965 | 8728 |
| Dev. Fin. Auth., Industrial Dev. Rev. Green Bonds (Big River Steel Project), Series 2020, AMT, 4.75% 9/1/2049 <sup>(g)</sup>  | 27070 | 26555 |
|  |  | 35283 |

---

---

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

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Municipals (continued)** | **Municipals (continued)** | **Municipals (continued)** |
| **Illinois 0.17%** | **Illinois 0.17%** | **Illinois 0.17%** |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-C, 6.319% 11/1/2029  | USD28,045 | $27874 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2015-C, 5.25% 12/1/2039  | 120 | 119 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2009-E, 6.138% 12/1/2039  | 54555 | 51556 |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2010-D, 6.519% 12/1/2040  | 11385 | 10873 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% <br> 12/1/2026  | 110 | 111 |
| 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 | 840 |
| 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 | 316 |
| 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 | 577 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% <br> 12/1/2030  | 220 | 223 |
| 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 | 210 |
| 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 | 366 |
| 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 | 365 |
| 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 | 208 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% <br> 12/1/2036  | 100 | 100 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-G, 5.00% <br> 12/1/2044  | 140 | 135 |
| City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-H, 5.00% <br> 12/1/2046  | 390 | 372 |
| 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 | 188 |
| 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 | 283 |
| GO Bonds, Series 2013-B, 4.91% 4/1/2027  | 1100 | 1112 |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 141161 | 144577 |
| 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 | 3653 |
| GO Bonds, Taxable Build America Bonds, Series 2010-5, 7.35% 7/1/2035  | 250 | 271 |
|  |  | 248267 |
| **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 | 7367 |
| **New York 0.01%** | **New York 0.01%** | **New York 0.01%** |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-1, 5.559% 10/1/2045  | 5310 | 5316 |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-1, 5.372% 10/1/2051  | 4000 | 3911 |
| New York City GO Bonds, Fiscal 2026, Series 2026-E-2, 5.392% 10/1/2055  | 1575 | 1539 |
|  |  | 10766 |
| **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  | 26845 | 24426 |

---

---

| | |
|:---|:---|
| 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)** |
| **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  | USD22,260 | $22089 |
| **Total municipals** |  | 348198 |
| **Total bonds, notes & other debt instruments** (cost: $33,478,596,000) |  | 33377278 |
| Short-term securities 7.61% | Shares |  |
| **Money market investments 7.60%** | **Money market investments 7.60%** | **Money market investments 7.60%** |
| Capital Group Central Cash Fund 3.62% <sup>(d)(q)</sup>  | 109690776 | 10969078 |
| **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** | **Money market investments purchased with collateral from securities on loan 0.01%** |
| Capital Group Central Cash Fund 3.62% <sup>(d)(q)(r)</sup>  | 63257 | 6326 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.61% <sup>(q)(r)</sup>  | 3241714 | 3241 |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 3.57% <sup>(q)(r)</sup>  | 2400000 | 2400 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.58% <sup>(q)(r)</sup>  | 2400000 | 2400 |
| Fidelity Investments Money Market Government Portfolio, Class I 3.57% <sup>(q)(r)</sup>  | 2400000 | 2400 |
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 3.61% <sup>(q)(r)</sup>  | 1900000 | 1900 |
| RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 3.64% <sup>(q)(r)</sup>  | 1900000 | 1900 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 3.65% <sup>(q)(r)</sup>  | 1900000 | 1900 |
| Goldman Sachs Financial Square Government Fund, Institutional Shares 3.55% <sup>(q)(r)</sup>  | 1600000 | 1600 |
|  |  | 24067 |
| **Total short-term securities** (cost: $10,992,787,000) |  | 10993145 |
| **Total investment securities 100.11%** (cost: $108,848,617,000) |  | 144529309 |
| Other assets less liabilities (0.11)% |  | (153616)<br>|
| **Net assets 100.00%** |  | $144375693 |

---

**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 1/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 16564 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD3,453,465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5665)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 18089 | 4/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1970429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9794)<br>|
| 10 Year Italy Government Bond Futures | Long | 1148 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 771 |
| 10 Year Euro-Bund Futures | Short | 2059 | 3/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (312816)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423 |
| 10 Year U.S. Treasury Note Futures | Long | 5430 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 607227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5457)<br>|
| 10 Year Ultra U.S. Treasury Note Futures | Long | 2729 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2556)<br>|
| 20 Year U.S. Treasury Bond Futures | Long | 2235 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 257304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1841)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 4878 | 3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4248)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(28367)<br>|

---

---

| | |
|:---|:---|
| **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>1/31/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 1/31/2026 <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>1/31/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 1/31/2026 <br>(000) |
| SOFR | Annual | 4.1215% | Annual | &nbsp;&nbsp; 1/27/2030 | USD80,000 | &nbsp;&nbsp; $(1988)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1988)<br>|
| SOFR | Annual | 4.0585% | Annual | &nbsp;&nbsp; 2/5/2030 | 49140 | &nbsp;&nbsp; (1109)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1109)<br>|
| SOFR | Annual | 4.041% | Annual | &nbsp;&nbsp; 2/5/2030 | 110700 | &nbsp;&nbsp; (2425)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2425)<br>|
| SOFR | Annual | 3.7045% | Annual | &nbsp;&nbsp; 3/13/2030 | 54640 | &nbsp;&nbsp; (503)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (503)<br>|
| SOFR | Annual | 3.797% | Annual | &nbsp;&nbsp; 3/31/2030 | 8873 | &nbsp;&nbsp; (113)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (113)<br>|
| SOFR | Annual | 3.794% | Annual | &nbsp;&nbsp; 3/31/2030 | 16957 | &nbsp;&nbsp; (214)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (214)<br>|
| SOFR | Annual | 3.796% | Annual | &nbsp;&nbsp; 3/31/2030 | 16957 | &nbsp;&nbsp; (215)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (215)<br>|
| SOFR | Annual | 3.7815% | Annual | &nbsp;&nbsp; 3/31/2030 | 33535 | &nbsp;&nbsp; (407)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (407)<br>|
| SOFR | Annual | 3.6065% | Annual | &nbsp;&nbsp; 5/12/2030 | 36030 | &nbsp;&nbsp; (185)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (185)<br>|
| SOFR | Annual | 3.325% | Annual | &nbsp;&nbsp; 5/31/2030 | 97645 | &nbsp;&nbsp; 590 | &nbsp;&nbsp; — | &nbsp;&nbsp; 590 |
| SOFR | Annual | 3.2175% | Annual | &nbsp;&nbsp; 9/18/2030 | 64126 | &nbsp;&nbsp; 778 | &nbsp;&nbsp; — | &nbsp;&nbsp; 778 |
| SOFR | Annual | 3.2385% | Annual | &nbsp;&nbsp; 9/18/2030 | 33180 | &nbsp;&nbsp; 373 | &nbsp;&nbsp; — | &nbsp;&nbsp; 373 |
| SOFR | Annual | 3.2145% | Annual | &nbsp;&nbsp; 9/18/2030 | 15997 | &nbsp;&nbsp; 196 | &nbsp;&nbsp; — | &nbsp;&nbsp; 196 |
| SOFR | Annual | 3.2155% | Annual | &nbsp;&nbsp; 9/18/2030 | 15997 | &nbsp;&nbsp; 195 | &nbsp;&nbsp; — | &nbsp;&nbsp; 195 |
| SOFR | Annual | 3.237% | Annual | &nbsp;&nbsp; 10/24/2030 | 92715 | &nbsp;&nbsp; 1095 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1095 |
| SOFR | Annual | 3.5535% | Annual | &nbsp;&nbsp; 2/2/2031 | 14510 | &nbsp;&nbsp; (19)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (19)<br>|
| SOFR | Annual | 3.473% | Annual | &nbsp;&nbsp; 10/2/2032 | 203900 | &nbsp;&nbsp; 2122 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2122 |
| SOFR | Annual | 3.4805% | Annual | &nbsp;&nbsp; 10/2/2032 | 68300 | &nbsp;&nbsp; 681 | &nbsp;&nbsp; — | &nbsp;&nbsp; 681 |
| SOFR | Annual | 3.48% | Annual | &nbsp;&nbsp; 10/2/2032 | 22755 | &nbsp;&nbsp; 227 | &nbsp;&nbsp; — | &nbsp;&nbsp; 227 |
| SOFR | Annual | 3.4815% | Annual | &nbsp;&nbsp; 10/2/2032 | 22775 | &nbsp;&nbsp; 226 | &nbsp;&nbsp; — | &nbsp;&nbsp; 226 |
| SOFR | Annual | 3.482% | Annual | &nbsp;&nbsp; 10/2/2032 | 22187 | &nbsp;&nbsp; 219 | &nbsp;&nbsp; — | &nbsp;&nbsp; 219 |
| SOFR | Annual | 3.34% | Annual | &nbsp;&nbsp; 10/24/2032 | 68560 | &nbsp;&nbsp; 1279 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1279 |
| SOFR | Annual | 3.50061% | Annual | &nbsp;&nbsp; 11/3/2032 | 136665 | &nbsp;&nbsp; 1255 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1255 |
| SOFR | Annual | 3.486% | Annual | &nbsp;&nbsp; 11/15/2032 | 66935 | &nbsp;&nbsp; 681 | &nbsp;&nbsp; — | &nbsp;&nbsp; 681 |
| SOFR | Annual | 3.639% | Annual | &nbsp;&nbsp; 1/14/2033 | 334861 | &nbsp;&nbsp; 552 | &nbsp;&nbsp; — | &nbsp;&nbsp; 552 |
| SOFR | Annual | 3.665% | Annual | &nbsp;&nbsp; 8/15/2035 | 50905 | &nbsp;&nbsp; 661 | &nbsp;&nbsp; — | &nbsp;&nbsp; 661 |
| SOFR | Annual | 3.6385% | Annual | &nbsp;&nbsp; 10/2/2035 | 100936 | &nbsp;&nbsp; 1625 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1625 |
| SOFR | Annual | 3.6705% | Annual | &nbsp;&nbsp; 10/8/2035 | 100845 | &nbsp;&nbsp; 1373 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1373 |
| SOFR | Annual | 3.676% | Annual | &nbsp;&nbsp; 10/8/2035 | 100700 | &nbsp;&nbsp; 1326 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1326 |
| SOFR | Annual | 3.663% | Annual | &nbsp;&nbsp; 10/9/2035 | 50650 | &nbsp;&nbsp; 720 | &nbsp;&nbsp; — | &nbsp;&nbsp; 720 |
| SOFR | Annual | 3.504% | Annual | &nbsp;&nbsp; 10/24/2035 | 50800 | &nbsp;&nbsp; 1392 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1392 |
| SOFR | Annual | 3.66593% | Annual | &nbsp;&nbsp; 11/3/2035 | 101275 | &nbsp;&nbsp; 1457 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1457 |
| SOFR | Annual | 3.8035% | Annual | &nbsp;&nbsp; 1/16/2036 | 100212 | &nbsp;&nbsp; 402 | &nbsp;&nbsp; — | &nbsp;&nbsp; 402 |
| SOFR | Annual | 4.052% | Annual | &nbsp;&nbsp; 11/15/2053 | 24450 | &nbsp;&nbsp; 648 | &nbsp;&nbsp; — | &nbsp;&nbsp; 648 |
| SOFR | Annual | 3.953% | Annual | &nbsp;&nbsp; 10/9/2055 | 24305 | &nbsp;&nbsp; 1031 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1031 |
| SOFR | Annual | 3.8185% | Annual | &nbsp;&nbsp; 10/24/2055 | 48185 | &nbsp;&nbsp; 3148 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3148 |
|  |  |  |  |  |  | &nbsp;&nbsp; $17074 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $17074 |

---

**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>1/31/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 1/31/2026 <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>1/31/2026 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 1/31/2026 <br>(000) |
| 14.4225% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | BRL1,190,200 | &nbsp;&nbsp; $12019 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $12019 |
| 15.09% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | 593000 | &nbsp;&nbsp; 9291 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9291 |
| 14.5956% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2029 | 514950 | &nbsp;&nbsp; 5612 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5612 |
| 14.37% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2029 | 412730 | &nbsp;&nbsp; 3851 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3851 |
| 14.585% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2029 | 61361 | &nbsp;&nbsp; 664 | &nbsp;&nbsp; — | &nbsp;&nbsp; 664 |
| 13.31% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2029 | 276670 | &nbsp;&nbsp; 411 | &nbsp;&nbsp; — | &nbsp;&nbsp; 411 |
| 13.135% | At maturity | BZDIOVER | At maturity | Goldman Sachs | &nbsp;&nbsp; 1/2/2031 | 326900 | &nbsp;&nbsp; 268 | &nbsp;&nbsp; — | &nbsp;&nbsp; 268 |
| 13.115% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2031 | 78800 | &nbsp;&nbsp; 49 | &nbsp;&nbsp; — | &nbsp;&nbsp; 49 |
| 13.105% | At maturity | BZDIOVER | At maturity | BNP Paribas | &nbsp;&nbsp; 1/2/2031 | 79755 | &nbsp;&nbsp; 42 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42 |
| 12.875% | At maturity | BZDIOVER | At maturity | Barclays Bank PLC | &nbsp;&nbsp; 1/2/2031 | 77080 | &nbsp;&nbsp; (24)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (24)<br>|
| 13.03% | At maturity | BZDIOVER | At maturity | Bank of America | &nbsp;&nbsp; 1/2/2031 | 169245 | &nbsp;&nbsp; (34)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (34)<br>|
|  |  |  |  |  |  |  | &nbsp;&nbsp; $32149 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $32149 |

---

---

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

---

------

**Swap contracts** (continued)

------

**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>1/31/2026 <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 1/31/2026 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | USD128,477 | &nbsp;&nbsp;&nbsp;&nbsp; $(2896)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(2859)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(37)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | 585338 | &nbsp;&nbsp;&nbsp;&nbsp; (49059)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (43978)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (5081)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(51955)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(46837)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(5118)<br>|

---

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

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>8/1/2025 <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>1/31/2026 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 1.28%** |  |  |  |  |  |  |  |
| **Financials 0.00%** |  |  |  |  |  |  |  |
| Islandsbanki hf. <sup>(s)</sup>  | $102561 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $11451 | &nbsp;&nbsp; $2420 | &nbsp;&nbsp; $14003 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| **Health care 0.03%** |  |  |  |  |  |  |  |
| Rotech Healthcare, Inc. <sup>(b)(e)(f)</sup>  | 40895 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2802)<br>| &nbsp;&nbsp; 38093 | &nbsp;&nbsp; — |
| **Consumer staples 0.00%** |  |  |  |  |  |  |  |
| Viva Wine Group AB <sup>(s)</sup>  | 18233 | &nbsp;&nbsp; — | &nbsp;&nbsp; 687 | &nbsp;&nbsp; (262)<br>| &nbsp;&nbsp; (784)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Information technology 0.22%** |  |  |  |  |  |  |  |
| Diebold Nixdorf, Inc. <sup>(e)</sup>  | 254522 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 57515 | &nbsp;&nbsp; 312037 | &nbsp;&nbsp; — |
| **Consumer discretionary 1.03%** |  |  |  |  |  |  |  |
| Darden Restaurants, Inc.  | 1081236 | &nbsp;&nbsp; 142174 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (22425)<br>| &nbsp;&nbsp; 1200985 | &nbsp;&nbsp; 16084 |
| Vail Resorts, Inc. <sup>(a)</sup>  | 279143 | &nbsp;&nbsp; 49804 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (38132)<br>| &nbsp;&nbsp; 290815 | &nbsp;&nbsp; 9703 |
| Domino's Pizza Group PLC <sup>(t)</sup>  | 97162 | &nbsp;&nbsp; — | &nbsp;&nbsp; 78017 | &nbsp;&nbsp; (35453)<br>| &nbsp;&nbsp; 16308 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1182 |
| Party City Holdco, Inc. <sup>(e)(t)</sup>  | — <br><sup>(c)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(c)</sup><br>| &nbsp;&nbsp; (13110)<br>| &nbsp;&nbsp; 13110 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Party City Holdco, Inc. <sup>(e)(g)(t)</sup>  | — <br><sup>(c)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(c)</sup><br>| &nbsp;&nbsp; (98)<br>| &nbsp;&nbsp; 98 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Puuilo OYJ <sup>(s)</sup>  | 85841 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28042 | &nbsp;&nbsp; 12875 | &nbsp;&nbsp; (18400)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 2238 |
|  |  |  |  |  |  | &nbsp;&nbsp; 1491800 |  |
| **Materials 0.00%** |  |  |  |  |  |  |  |
| Venator Materials PLC <sup>(b)(e)</sup>  | — <br><sup>(c)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — <br><sup>(c)</sup><br>| &nbsp;&nbsp; — <br><sup>(c)</sup><br>| &nbsp;&nbsp; — |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 1841930 |  |
| **Bonds, notes & other debt instruments 0.11%** |  |  |  |  |  |  |  |
| **Consumer discretionary 0.02%** |  |  |  |  |  |  |  |
| Vail Resorts, Inc. 5.625% 7/15/2030 <sup>(g)</sup>  | 10826 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 107 | &nbsp;&nbsp; 10933 | &nbsp;&nbsp; 304 |
| Vail Resorts, Inc. 6.50% 5/15/2032 <sup>(g)</sup>  | 23016 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2513 | &nbsp;&nbsp; 79 | &nbsp;&nbsp; 171 | &nbsp;&nbsp; 20753 | &nbsp;&nbsp; 699 |
| Party City Holdco, Inc. 12.00% PIK 1/11/2029 <sup>(g)(k)(t)</sup>  | 623 | &nbsp;&nbsp; — | &nbsp;&nbsp; 623 | &nbsp;&nbsp; (28168)<br>| &nbsp;&nbsp; 28168 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  |  |  |  |  |  | &nbsp;&nbsp; 31686 |  |
| **Information technology 0.09%** |  |  |  |  |  |  |  |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(g)</sup>  | 126007 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (226)<br>| &nbsp;&nbsp; 125781 | &nbsp;&nbsp; 4633 |
| **Total bonds, notes & other debt instruments** |  |  |  |  |  | &nbsp;&nbsp; 157467 |  |
| **Short-term securities 7.60%** |  |  |  |  |  |  |  |
| **Money market investments 7.60%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.62% <sup>(q)</sup>  | 9395608 | &nbsp;&nbsp; 10588923 | &nbsp;&nbsp; 9016724 | &nbsp;&nbsp; 407 | &nbsp;&nbsp; 864 | &nbsp;&nbsp; 10969078 | &nbsp;&nbsp; 175905 |

---

---

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

---

------

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

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Value at<br> 8/1/2025<br> (000)<br>| Additions<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> 1/31/2026<br> (000)<br>| Dividend<br> or interest<br> income<br> (000)<br>|
| **Money market investments purchased with collateral** <br>**from securities on loan 0.00%**<br>|  |  |  |  |  |  |
| Capital Group Central Cash Fund 3.62% <sup>(q)(r)</sup>  | $15501 | &nbsp;&nbsp; <br> &nbsp;&nbsp; $9175 <br><sup>(u)</sup><br>|  |  | &nbsp;&nbsp; $6326 | &nbsp;&nbsp; $— <br><sup>(v)</sup><br>|
| **Total short-term securities** |  |  |  |  | &nbsp;&nbsp; 10975404 |  |
| **Total 8.99%** |  |  | &nbsp;&nbsp; $(61310)<br>| &nbsp;&nbsp; $47575 | &nbsp;&nbsp; $12974801 | &nbsp;&nbsp; $210748 |

---

**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 CNR Corp., Class A <sup>(b)</sup> <br>| 4/25/2016-11/15/2016 | $56848 | $54501 | 0.04<br> %<br>|
| Rotech Healthcare, Inc. <sup>(b)(d)(e)</sup> <br>| 11/26/2014 | 19660 | 38093 | 0.02 |
| AH Parent, Inc., Class A, 10.50% PIK or 10.00% Cash perpetual <br> cumulative preferred shares <sup>(b)(h)</sup> <br>| 9/27/2024 | 17701 | 18640 | 0.01 |
| Wolfspeed, Inc. 4.00% PIK and 9.875% Cash 6/23/2030 <sup>(h)</sup> <br>| 9/29/2025 - 12/23/2025 | 14444 | 15910 | 0.01 |
| Finastra USA, Inc., Term Loan B, (3-month USD CME Term SOFR <br> + 7.25%) 10.973% 9/13/2029 <sup>(i)(p)</sup> <br>| 9/13/2023 | 9094 | 9268 | 0.01 |
| **Total** |  | $117747 | $136412 | 0.09<br> %<br>|

---

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

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

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

<sup>(d)</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>(e)</sup> Non-income producing.

<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 $15,372,423,000, which represented 10.65% 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> Step bond; coupon rate may change at a later date.

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

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

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

<sup>(n)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $205,703,000, which represented 0.14% of the net assets of the fund. 

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

<sup>(p)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $694,977,000, which represented 0.48% of the net assets of the fund. 

<sup>(q)</sup> Rate represents the seven-day yield at 1/31/2026.

<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 1/31/2026. Refer to the investment portfolio for the security value at 1/31/2026.

<sup>(t)</sup> Affiliated issuer during the reporting period but no longer held at 1/31/2026.

<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.

---

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

---

------

---

| |
|:---|
| **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 Rate |
| CAB = Capital Appreciation Bonds |
| CAD = Canadian dollars |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| 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. insured |
| 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.

---

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

---

------

Financial statements

**Statement of assets and liabilities** at January 31, 2026unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value (includes $713,174 of <br>investment securities on loan):<br>|  |  |
| Unaffiliated issuers (cost: $96,225,284) | $131554508 |  |
| Affiliated issuers (cost: $12,623,333) | 12974801 | $144529309 |
| Cash |  | 40295 |
| Cash denominated in currencies other than U.S. dollars (cost: $5,585) |  | 5585 |
| Bilateral swaps, at value |  | 32207 |
| Receivables for: |  |  |
| Sales of investments | 2015749 |  |
| Sales of fund's shares | 66290 |  |
| Dividends and interest | 621760 |  |
| Securities lending income | 174 |  |
| Variation margin on futures contracts | 2856 |  |
| Variation margin on centrally cleared swap contracts | 1566 |  |
| Other | 6851 | 2715246<br>|
|  |  | 147322642 |
| **Liabilities:** |  |  |
| Collateral for securities on loan |  | 24067 |
| Bilateral swaps, at value |  | 58 |
| Payables for: |  |  |
| Purchases of investments | 2775952 |  |
| Repurchases of fund's shares | 82171 |  |
| Investment advisory services | 23253 |  |
| Services provided by related parties | 27378 |  |
| Trustees' deferred compensation | 6114 |  |
| Variation margin on futures contracts | 3544 |  |
| Variation margin on centrally cleared swap contracts | 1196 |  |
| Other | 3216 | 2922824<br>|
| Commitments and contingencies\* |  |  |
| **Net assets at January 31, 2026** |  | $144375693 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of beneficial interest |  | $100657844 |
| Total distributable earnings (accumulated loss) |  | 43717849<br>|
| **Net assets at January 31, 2026** |  | $144375693 |

---

\*

Refer to Note 5 for further information on unfunded commitments.

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statement of assets and liabilities** at January 31, 2026 (continued)unaudited

------

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

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

**unlimited shares authorized (5,336,543 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $84715402 | 3129803 | $27.07 |
| Class C | 1255515 | 47305 | 26.54 |
| Class T | 12 | —<br> \*<br>| 27.07 |
| Class F-1 | 2142264 | 79466 | 26.96 |
| Class F-2 | 17263477 | 638782 | 27.03 |
| Class F-3 | 6831590 | 252594 | 27.05 |
| Class 529-A | 1970158 | 73038 | 26.97 |
| Class 529-C | 39658 | 1474 | 26.90 |
| Class 529-E | 54428 | 2028 | 26.85 |
| Class 529-T | 21 | 1 | 27.07 |
| Class 529-F-1 | 17 | 1 | 26.96 |
| Class 529-F-2 | 203203 | 7506 | 27.07 |
| Class 529-F-3 | 25 | 1 | 27.07 |
| Class R-1 | 63622 | 2372 | 26.82 |
| Class R-2 | 351857 | 13242 | 26.57 |
| Class R-2E | 38472 | 1427 | 26.95 |
| Class R-3 | 669115 | 24868 | 26.91 |
| Class R-4 | 538040 | 19931 | 27.00 |
| Class R-5E | 228923 | 8477 | 27.01 |
| Class R-5 | 384105 | 14192 | 27.07 |
| Class R-6 | 27625789 | 1020035 | 27.08 |

---

\*

Amount less than one thousand.

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statement of operations** for the six months ended January 31, 2026unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Dividends (net of non-U.S. taxes of $31,759; <br>also includes $205,112 from affiliates)<br>| $1513093 |  |
| Interest (includes $5,636 from affiliates) | 989500 |  |
| Securities lending income (net of fees) | 2824 | $2505417 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 147753 |  |
| Distribution services | 119499 |  |
| Transfer agent services | 34852 |  |
| Administrative services | 20998 |  |
| 529 plan services | 576 |  |
| Reports to shareholders | 1087 |  |
| Registration statement and prospectus | 2460 |  |
| Trustees' compensation | 649 |  |
| Auditing and legal | 865 |  |
| Custodian | 1943 |  |
| Other | 43 | 330725<br>|
| Net investment income |  | 2174692<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments: |  |  |
| Unaffiliated issuers | 8167725 |  |
| Affiliated issuers | (61310)<br>|  |
| Futures contracts | 72323 |  |
| Swap contracts | (7470)<br>|  |
| Currency transactions | 1363 | 8172631 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments (net of non-U.S. taxes of $1,104): |  |  |
| Unaffiliated issuers | 3917705 |  |
| Affiliated issuers | 47575 |  |
| Futures contracts | (53609)<br>|  |
| Swap contracts | 34400 |  |
| Currency translations | 2565 | 3948636<br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 12121267<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $14295959 |

---

\*

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

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Six months ended** <br>**January 31,**<br>| **Year ended** <br>**July 31,**<br>|
|  | **2026\*** | **2025** |
| **Operations:** |  |  |
| Net investment income | $2174692 | $4579682 |
| Net realized gain (loss) | 8172631 | 7858394 |
| Net unrealized appreciation (depreciation) | 3948636 | 2784670 |
| Net increase (decrease) in net assets resulting from operations | 14295959 | 15222746 |
| **Distributions paid to shareholders** | (11355305)<br>| (7811528)<br>|
| **Net capital share transactions** | 7640552 | 963617 |
| **Total increase (decrease) in net assets**  | 10581206 | 8374835 |
| **Net assets:** |  |  |
| Beginning of period | 133794487 | 125419652 |
| End of period | $144375693 | $133794487 |

---

\*

Unaudited.

Refer to the notes to financial statements.

---

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

---

------

Notes to financial statementsunaudited

&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.

---

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

---

------

**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.

**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.

---

| | |
|:---|:---|
| **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>|

---

---

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

---

------

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. 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.

**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 January 31, 2026, were as follows (dollars in thousands):

---

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

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $19381183 | $— | —<br> \*<br>| $19381183 |
| Health care | 14204984 | 31269 | 38093 | 14274346 |
| Consumer staples | 9974713 |  |  | 9974713 |
| Energy | 9049524 |  | 65964 | 9115488 |
| Industrials | 7688802 |  |  | 7688802 |
| Utilities | 7605250 |  |  | 7605250 |
| Information technology | 7523495 |  |  | 7523495 |
| Consumer discretionary | 7350880 |  | 21932 | 7372812 |
| Materials | 7200329 | 78733 | —<br> \*<br>| 7279062 |
| Communication services | 5639139 |  |  | 5639139 |
| Real estate | 2230183 |  |  | 2230183 |
| Preferred securities  | 412083 |  | 24103 | 436186 |
| Rights & warrants  |  |  | —<br> \*<br>| —<br> \*<br>|
| Convertible stocks  | 1588856 |  |  | 1588856 |
| Convertible bonds & notes  |  | 49371 |  | 49371 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Corporate bonds and notes |  | 21867323 | 21898 | 21889221 |
| Mortgage-backed obligations |  | 4565430 | 16496 | 4581926 |
| U.S. Treasury bonds & notes |  | 3629642 |  | 3629642 |
| Asset-backed obligations |  | 1726878 | 972 | 1727850 |
| Loans |  | 624291 | 70686 | 694977 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 505464 |  | 505464 |
| Municipals |  | 348198 |  | 348198 |
| Short-term securities  | 10993145 |  |  | 10993145 |
| Total | $110842566 | $33426599 | $260144 | $144529309 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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 | $1194 | $— | $— | $1194 |
| Unrealized appreciation on bilateral interest rate swaps |  | 32207 |  | 32207 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 24252 |  | 24252 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (29561)<br>|  |  | (29561)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (7178)<br>|  | (7178)<br>|
| Unrealized depreciation on bilateral interest rate swaps |  | (58)<br>|  | (58)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (5118)<br>|  | (5118)<br>|
| Total  | $(28367)<br>| $44105 | $— | $15738 |

---

\*

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.

**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.

---

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

---

------

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.

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

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**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**

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**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 January 31, 2026, the total value of securities on loan was $713,174,000, and the total value of collateral received was $728,488,000. Collateral received includes cash of $24,067,000 and U.S. government securities of $704,421,000. 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;

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

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**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 January 31, 2026, the fund's maximum exposure of unfunded bond commitments was $9,688,000, which would represent less than 0.01% of the net assets of the fund should such commitments become due.

**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 $10,345,534,000.

**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.

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

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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 $1,656,010,000.

**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 $537,255,000.

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

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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, interest rate swaps and credit default swaps as of, or for the six months ended, January 31, 2026 (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **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\* | $1194 | Unrealized depreciation\* | $29561 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation\* | 24252 | Unrealized depreciation\* | 7178 |
| Swap (bilateral) | Interest | Bilateral swaps, at value | 32207 | Bilateral swaps, at value | 58 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation\* |  | Unrealized depreciation\* | 5118 |
|  |  |  | $57653 |  | $41915 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **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 | $72323 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| $(53609)<br>|
| Swap | Interest | Net realized gain (loss) on swap contracts | 3333 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| 36142 |
| Swap | Credit | Net realized gain (loss) on swap contracts | (10803)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (1742)<br>|
|  |  |  | $64853 |  | $(19209)<br>|

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\*

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 future 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 future contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For 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.

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

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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 January 31, 2026, if close-out netting was exercised (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **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; $9955<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(34)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8487)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1434<br>|
| Barclays Bank PLC | &nbsp;&nbsp; 3851<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3136)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 691<br>|
| BNP Paribas | &nbsp;&nbsp; 502<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501<br>|
| Goldman Sachs | &nbsp;&nbsp; 17899<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14850)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3049<br>|
| Total | &nbsp;&nbsp; $32207<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(58)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(11623)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(14851)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5675<br>|
| Liabilities: |  |  |  |  |  |
| Bank of America | &nbsp;&nbsp; $34<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(34)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Barclays Bank PLC | &nbsp;&nbsp; 24<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total | &nbsp;&nbsp; $58<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(58)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|

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\*

Collateral is shown on a settlement basis.

**6. Taxation and distributions**

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**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 period ended January 31, 2026, 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 period, 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. 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 components of distributable earnings on a tax basis are reported as of the fund's most recent year-end. As of July 31, 2025, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

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| | |
|:---|:---|
| Undistributed ordinary income | $1689407 |
| Undistributed long-term capital gains | 7575123 |

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

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As of January 31, 2026, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

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| | |
|:---|:---|
| Gross unrealized appreciation on investments | $37290331 |
| Gross unrealized depreciation on investments | (1818043)<br>|
| Net unrealized appreciation (depreciation) on investments | 35472288 |
| Cost of investments | 109119596 |

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

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Year ended July 31, 2025** | **Year ended July 31, 2025** | **Year ended July 31, 2025** |
| <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; $1990389 | $4697571 | $6687960 | &nbsp;&nbsp;&nbsp;&nbsp; $3034883 | $1682725 | $4717608 |
| Class C | &nbsp;&nbsp; 25564 | 70987 | 96551 | &nbsp;&nbsp;&nbsp;&nbsp; 42865 | 29632 | 72497 |
| Class T | &nbsp;&nbsp; —<br> \*<br>| 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | —<br> \*<br>| 1 |
| Class F-1 | &nbsp;&nbsp; 50154 | 119879 | 170033 | &nbsp;&nbsp;&nbsp;&nbsp; 78461 | 44368 | 122829 |
| Class F-2 | &nbsp;&nbsp; 415420 | 948521 | 1363941 | &nbsp;&nbsp;&nbsp;&nbsp; 583322 | 305853 | 889175 |
| Class F-3 | &nbsp;&nbsp; 169009 | 378903 | 547912 | &nbsp;&nbsp;&nbsp;&nbsp; 241171 | 123523 | 364694 |
| Class 529-A | &nbsp;&nbsp; 46019 | 109472 | 155491 | &nbsp;&nbsp;&nbsp;&nbsp; 71000 | 39779 | 110779 |
| Class 529-C | &nbsp;&nbsp; 793 | 2246 | 3039 | &nbsp;&nbsp;&nbsp;&nbsp; 1335 | 933 | 2268 |
| Class 529-E | &nbsp;&nbsp; 1225 | 3063 | 4288 | &nbsp;&nbsp;&nbsp;&nbsp; 1912 | 1137 | 3049 |
| Class 529-T | &nbsp;&nbsp; —<br> \*<br>| 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | 1 | 2 |
| Class 529-F-1 | &nbsp;&nbsp; —<br> \*<br>| 1 | 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | —<br> \*<br>| 1 |
| Class 529-F-2 | &nbsp;&nbsp; 4894 | 11067 | 15961 | &nbsp;&nbsp;&nbsp;&nbsp; 6938 | 3583 | 10521 |
| Class 529-F-3 | &nbsp;&nbsp; 1 | 1 | 2 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | —<br> \*<br>| 1 |
| Class R-1 | &nbsp;&nbsp; 1274 | 3591 | 4865 | &nbsp;&nbsp;&nbsp;&nbsp; 1864 | 1289 | 3153 |
| Class R-2 | &nbsp;&nbsp; 7117 | 19954 | 27071 | &nbsp;&nbsp;&nbsp;&nbsp; 10988 | 7624 | 18612 |
| Class R-2E | &nbsp;&nbsp; 878 | 2282 | 3160 | &nbsp;&nbsp;&nbsp;&nbsp; 1358 | 863 | 2221 |
| Class R-3 | &nbsp;&nbsp; 14654 | 37186 | 51840 | &nbsp;&nbsp;&nbsp;&nbsp; 23042 | 13985 | 37027 |
| Class R-4 | &nbsp;&nbsp; 12958 | 30165 | 43123 | &nbsp;&nbsp;&nbsp;&nbsp; 28552 | 16247 | 44799 |
| Class R-5E | &nbsp;&nbsp; 5514 | 12613 | 18127 | &nbsp;&nbsp;&nbsp;&nbsp; 8207 | 4335 | 12542 |
| Class R-5 | &nbsp;&nbsp; 9537 | 21328 | 30865 | &nbsp;&nbsp;&nbsp;&nbsp; 8315 | 4233 | 12548 |
| Class R-6 | &nbsp;&nbsp; 657986 | 1473087 | 2131073 | &nbsp;&nbsp;&nbsp;&nbsp; 919528 | 467673 | 1387201 |
| Total | &nbsp;&nbsp; $3413386 | $7941919 | $11355305 | &nbsp;&nbsp;&nbsp;&nbsp; $5063745 | $2747783 | $7811528 |

---

\*

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. On December 9, 2025, the fund's board of trustees approved an amended investment advisory and service agreement effective February 1, 2026, decreasing the annual rate to 0.120% on daily net assets in excess of $144 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 six months ended January 31, 2026, the investment advisory services fees were $147,753,000, which were equivalent to an annualized rate of 0.211% of average daily net assets.

---

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

---

------

**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 January 31, 2026, unreimbursed expenses subject to reimbursement totaled $9,345,000 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 six months ended January 31, 2026, the 529 plan services fees were $576,000, which were equivalent to 0.052% of the average daily net assets of each 529 share class.

---

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

---

------

For the six months ended January 31, 2026, 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 | $103865 | $21573 | $12464 | Not applicable |
| Class C | 6275 | 325 | 188 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 2625 | 1366 | 318 | Not applicable |
| Class F-2 | Not applicable | 9276 | 2479 | Not applicable |
| Class F-3 | Not applicable | 22 | 985 | Not applicable |
| Class 529-A | 2312 | 460 | 290 | $501 |
| Class 529-C | 201 | 10 | 6 | 10 |
| Class 529-E | 135 | 6 | 8 | 14 |
| 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 | 33 | 29 | 51 |
| Class 529-F-3 | Not applicable | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 314 | 30 | 9 | Not applicable |
| Class R-2 | 1301 | 597 | 52 | Not applicable |
| Class R-2E | 126 | 43 | 6 | Not applicable |
| Class R-3 | 1644 | 485 | 99 | Not applicable |
| Class R-4 | 701 | 297 | 84 | Not applicable |
| Class R-5E | Not applicable | 168 | 34 | Not applicable |
| Class R-5 | Not applicable | 77 | 56 | Not applicable |
| Class R-6 | Not applicable | 84 | 3891 | Not applicable |
| Total class-specific expenses | $119499 | $34852 | $20998 | $576 |

---

\*

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 $649,000 in the fund's statement of operations reflects $253,000 in current fees (either paid in cash or deferred) and a net increase of $396,000 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 six months ended January 31, 2026, the fund engaged in such purchase and sale transactions with related funds in the amounts of $1,935,257,000 and $5,914,523,000, respectively, which generated $1,512,492,000 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 six months ended January 31, 2026.

---

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

---

------

&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** |
| **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** | **Six months ended January 31, 2026** |
| Class A | $1677170 | 61859 | &nbsp;&nbsp;&nbsp; $6550216 | 251011 | &nbsp;&nbsp;&nbsp; $(5489429)<br>| (203649)<br>| &nbsp;&nbsp;&nbsp; $2737957 | 109221 |
| Class C | 88394 | 3320 | &nbsp;&nbsp;&nbsp; 95720 | 3741 | &nbsp;&nbsp;&nbsp; (202316)<br>| (7587)<br>| &nbsp;&nbsp;&nbsp; (18202)<br>| (526)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 43430 | 1607 | &nbsp;&nbsp;&nbsp; 168003 | 6463 | &nbsp;&nbsp;&nbsp; (182818)<br>| (6809)<br>| &nbsp;&nbsp;&nbsp; 28615 | 1261 |
| Class F-2 | 1643755 | 60701 | &nbsp;&nbsp;&nbsp; 1308193 | 50219 | &nbsp;&nbsp;&nbsp; (1583410)<br>| (58858)<br>| &nbsp;&nbsp;&nbsp; 1368538 | 52062 |
| Class F-3 | 652410 | 24034 | &nbsp;&nbsp;&nbsp; 541611 | 20773 | &nbsp;&nbsp;&nbsp; (640828)<br>| (23857)<br>| &nbsp;&nbsp;&nbsp; 553193 | 20950 |
| Class 529-A | 73635 | 2724 | &nbsp;&nbsp;&nbsp; 155420 | 5976 | &nbsp;&nbsp;&nbsp; (175144)<br>| (6499)<br>| &nbsp;&nbsp;&nbsp; 53911 | 2201 |
| Class 529-C | 4956 | 184 | &nbsp;&nbsp;&nbsp; 3039 | 117 | &nbsp;&nbsp;&nbsp; (9467)<br>| (351)<br>| &nbsp;&nbsp;&nbsp; (1472)<br>| (50)<br>|
| Class 529-E | 2440 | 91 | &nbsp;&nbsp;&nbsp; 4288 | 166 | &nbsp;&nbsp;&nbsp; (6251)<br>| (233)<br>| &nbsp;&nbsp;&nbsp; 477 | 24 |
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 2 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 2 | — <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 | 17583 | 649 | &nbsp;&nbsp;&nbsp; 15954 | 611 | &nbsp;&nbsp;&nbsp; (21897)<br>| (808)<br>| &nbsp;&nbsp;&nbsp; 11640 | 452 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; 2 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 2 | — <br><sup>†</sup><br>|
| Class R-1 | 3553 | 132 | &nbsp;&nbsp;&nbsp; 4866 | 188 | &nbsp;&nbsp;&nbsp; (6084)<br>| (226)<br>| &nbsp;&nbsp;&nbsp; 2335 | 94 |
| Class R-2 | 21099 | 791 | &nbsp;&nbsp;&nbsp; 27023 | 1055 | &nbsp;&nbsp;&nbsp; (41105)<br>| (1545)<br>| &nbsp;&nbsp;&nbsp; 7017 | 301 |
| Class R-2E | 3129 | 116 | &nbsp;&nbsp;&nbsp; 3160 | 121 | &nbsp;&nbsp;&nbsp; (9284)<br>| (344)<br>| &nbsp;&nbsp;&nbsp; (2995)<br>| (107)<br>|
| Class R-3 | 41631 | 1540 | &nbsp;&nbsp;&nbsp; 51736 | 1995 | &nbsp;&nbsp;&nbsp; (85078)<br>| (3152)<br>| &nbsp;&nbsp;&nbsp; 8289 | 383 |
| Class R-4 | 37214 | 1382 | &nbsp;&nbsp;&nbsp; 43087 | 1655 | &nbsp;&nbsp;&nbsp; (281885)<br>| (10466)<br>| &nbsp;&nbsp;&nbsp; (201584)<br>| (7429)<br>|
| Class R-5E | 15040 | 559 | &nbsp;&nbsp;&nbsp; 18116 | 696 | &nbsp;&nbsp;&nbsp; (25056)<br>| (932)<br>| &nbsp;&nbsp;&nbsp; 8100 | 323 |
| Class R-5 | 173023 | 6434 | &nbsp;&nbsp;&nbsp; 30822 | 1181 | &nbsp;&nbsp;&nbsp; (37370)<br>| (1379)<br>| &nbsp;&nbsp;&nbsp; 166475 | 6236 |
| Class R-6 | 2289835 | 84612 | &nbsp;&nbsp;&nbsp; 2129053 | 81559 | &nbsp;&nbsp;&nbsp; (1500635)<br>| (55138)<br>| &nbsp;&nbsp;&nbsp; 2918253 | 111033 |
| Total net increase <br> (decrease)<br>| $6788297 | 250735 | &nbsp;&nbsp;&nbsp; $11150312 | 427527 | &nbsp;&nbsp;&nbsp; $(10298057)<br>| (381833)<br>| &nbsp;&nbsp;&nbsp; $7640552 | 296429 |

---

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

---

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

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **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 |

---

\*

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 in-kind transactions, short-term securities and U.S. government obligations, if any, of $43,042,903,000 and $47,457,040,000, respectively, during the six months ended January 31, 2026.

---

| | |
|:---|:---|
| The Income Fund of America | **77** |

---

------

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:**  |
| 1/31/2026<sup>5,6</sup> <br>| $26.56 | $.41 | $2.36 | $2.77 | $(.67)<br>| $(1.59)<br>| $(2.26)<br>| $27.07 | 10.79 %<sup>7</sup><br>| $84715 | .55 %<sup>8</sup><br>| .55 %<sup>8</sup><br>| 3.03 %<sup>8</sup><br>|
| 7/31/2025 | 25.10 | .89 | 2.13 | 3.02 | (1.00)<br>| (.56)<br>| (1.56)<br>| 26.56 | 12.47 | 80221 | .56 | .56 | 3.49 |
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.08 | .31 | 2.31 | 2.62 | (.57)<br>| (1.59)<br>| (2.16)<br>| 26.54 | 10.36 <br><sup>7</sup><br>| 1256 | 1.30 <br><sup>8</sup><br>| 1.30 <br><sup>8</sup><br>| 2.28 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.56 | .45 | 2.36 | 2.81 | (.71)<br>| (1.59)<br>| (2.30)<br>| 27.07 | 10.93 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .30 <br><sup>89</sup><br>| .30 <br><sup>89</sup><br>| 3.28 <br><sup>89</sup><br>|
| 7/31/2025 | 25.10 | .96 | 2.12 | 3.08 | (1.06)<br>| (.56)<br>| (1.62)<br>| 26.56 | 12.75 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .31 <br><sup>9</sup><br>| .31 <br><sup>9</sup><br>| 3.74 <br><sup>9</sup><br>|
| 7/31/2024 | 23.25 | .91 | 1.86 | 2.77 | (.92)<br>|  | (.92)<br>| 25.10 | 12.31 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .32 <br><sup>9</sup><br>| .32 <br><sup>9</sup><br>| 3.92 <br><sup>9</sup><br>|
| 7/31/2023 | 23.83 | .90 | .19 | 1.09 | (.85)<br>| (.82)<br>| (1.67)<br>| 23.25 | 4.77 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .27 <br><sup>9</sup><br>| .27 <br><sup>9</sup><br>| 3.94 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .31 <br><sup>9</sup><br>| .31 <br><sup>9</sup><br>| 3.47 <br><sup>9</sup><br>|
| 7/31/2021 | 21.88 | .81 | 4.04 | 4.85 | (.81)<br>|  | (.81)<br>| 25.92 | 22.52 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .32 <br><sup>9</sup><br>| .32 <br><sup>9</sup><br>| 3.35 <br><sup>9</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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.46 | .40 | 2.35 | 2.75 | (.66)<br>| (1.59)<br>| (2.25)<br>| 26.96 | 10.75 <br><sup>7</sup><br>| 2142 | .63 <br><sup>8</sup><br>| .63 <br><sup>8</sup><br>| 2.95 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.52 | .44 | 2.36 | 2.80 | (.70)<br>| (1.59)<br>| (2.29)<br>| 27.03 | 10.91 <br><sup>7</sup><br>| 17264 | .36 <br><sup>8</sup><br>| .36 <br><sup>8</sup><br>| 3.21 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.54 | .46 | 2.35 | 2.81 | (.71)<br>| (1.59)<br>| (2.30)<br>| 27.05 | 10.96 <br><sup>7</sup><br>| 6832 | .25 <br><sup>8</sup><br>| .25 <br><sup>8</sup><br>| 3.33 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.47 | .41 | 2.35 | 2.76 | (.67)<br>| (1.59)<br>| (2.26)<br>| 26.97 | 10.76 <br><sup>7</sup><br>| 1970 | .59 <br><sup>8</sup><br>| .59 <br><sup>8</sup><br>| 2.99 <br><sup>8</sup><br>|
| 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).

---

| | |
|:---|:---|
| **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 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| $26.41 | $.30 | $2.34 | $2.64 | $(.56)<br>| $(1.59)<br>| $(2.15)<br>| $26.90 | 10.30 %<sup>7</sup><br>| $40 | 1.35 %<sup>8</sup><br>| 1.35 %<sup>8</sup><br>| 2.23 %<sup>8</sup><br>|
| 7/31/2025 | 24.96 | .68 | 2.13 | 2.81 | (.80)<br>| (.56)<br>| (1.36)<br>| 26.41 | 11.57 | 40 | 1.35 | 1.35 | 2.68 |
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.36 | .37 | 2.34 | 2.71 | (.63)<br>| (1.59)<br>| (2.22)<br>| 26.85 | 10.64 <br><sup>7</sup><br>| 54 | .83 <br><sup>8</sup><br>| .83 <br><sup>8</sup><br>| 2.76 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.56 | .44 | 2.36 | 2.80 | (.70)<br>| (1.59)<br>| (2.29)<br>| 27.07 | 10.90 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .35 <br><sup>89</sup><br>| .35 <br><sup>89</sup><br>| 3.22 <br><sup>89</sup><br>|
| 7/31/2025 | 25.10 | .94 | 2.13 | 3.07 | (1.05)<br>| (.56)<br>| (1.61)<br>| 26.56 | 12.69 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .37 <br><sup>9</sup><br>| .37 <br><sup>9</sup><br>| 3.69 <br><sup>9</sup><br>|
| 7/31/2024 | 23.25 | .90 | 1.86 | 2.76 | (.91)<br>|  | (.91)<br>| 25.10 | 12.25 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .37 <br><sup>9</sup><br>| .37 <br><sup>9</sup><br>| 3.88 <br><sup>9</sup><br>|
| 7/31/2023 | 23.83 | .89 | .18 | 1.07 | (.83)<br>| (.82)<br>| (1.65)<br>| 23.25 | 4.71 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .33 <br><sup>9</sup><br>| .33 <br><sup>9</sup><br>| 3.88 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .35 <br><sup>9</sup><br>| .35 <br><sup>9</sup><br>| 3.44 <br><sup>9</sup><br>|
| 7/31/2021 | 21.88 | .80 | 4.04 | 4.84 | (.80)<br>|  | (.80)<br>| 25.92 | 22.47 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .36 <br><sup>9</sup><br>| .36 <br><sup>9</sup><br>| 3.31 <br><sup>9</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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.46 | .43 | 2.35 | 2.78 | (.69)<br>| (1.59)<br>| (2.28)<br>| 26.96 | 10.86 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .42 <br><sup>89</sup><br>| .42 <br><sup>89</sup><br>| 3.15 <br><sup>89</sup><br>|
| 7/31/2025 | 25.02 | .92 | 2.11 | 3.03 | (1.03)<br>| (.56)<br>| (1.59)<br>| 26.46 | 12.57 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .43 <br><sup>9</sup><br>| .43 <br><sup>9</sup><br>| 3.62 <br><sup>9</sup><br>|
| 7/31/2024 | 23.17 | .88 | 1.86 | 2.74 | (.89)<br>|  | (.89)<br>| 25.02 | 12.20 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .45 <br><sup>9</sup><br>| .45 <br><sup>9</sup><br>| 3.80 <br><sup>9</sup><br>|
| 7/31/2023 | 23.75 | .86 | .19 | 1.05 | (.81)<br>| (.82)<br>| (1.63)<br>| 23.17 | 4.60 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .44 <br><sup>9</sup><br>| .44 <br><sup>9</sup><br>| 3.77 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .43 <br><sup>9</sup><br>| .43 <br><sup>9</sup><br>| 3.36 <br><sup>9</sup><br>|
| 7/31/2021 | 21.82 | .78 | 4.03 | 4.81 | (.79)<br>|  | (.79)<br>| 25.84 | 22.40 <br><sup>9</sup><br>| — <br><sup>10</sup><br>| .37 <br><sup>9</sup><br>| .37 <br><sup>9</sup><br>| 3.55 <br><sup>9</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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.56 | .44 | 2.36 | 2.80 | (.70)<br>| (1.59)<br>| (2.29)<br>| 27.07 | 10.91 <br><sup>7</sup><br>| 203 | .34 <br><sup>8</sup><br>| .34 <br><sup>8</sup><br>| 3.24 <br><sup>8</sup><br>|
| 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>5,11</sup> <br>| 21.40 | .60 | 4.54 | 5.14 | (.62)<br>|  | (.62)<br>| 25.92 | 24.24 <br><sup>7</sup><br>| 125 | .36 <br><sup>8</sup><br>| .36 <br><sup>8</sup><br>| 3.24 <br><sup>8</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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.56 | .45 | 2.36 | 2.81 | (.71)<br>| (1.59)<br>| (2.30)<br>| 27.07 | 10.93 <br><sup>7</sup><br>| — <br><sup>10</sup><br>| .30 <br><sup>8</sup><br>| .30 <br><sup>8</sup><br>| 3.28 <br><sup>8</sup><br>|
| 7/31/2025 | 25.10 | .97 | 2.12 | 3.09 | (1.07)<br>| (.56)<br>| (1.63)<br>| 26.56 | 12.76 | — <br><sup>10</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>10</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>10</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>10</sup><br>| .31 | .31 | 3.48 |
| 7/31/2021<sup>5,11</sup> <br>| 21.40 | .60 | 4.55 | 5.15 | (.63)<br>|  | (.63)<br>| 25.92 | 24.28 <br><sup>7</sup><br>| — <br><sup>10</sup><br>| .38 <br><sup>8</sup><br>| .32 <br><sup>8</sup><br>| 3.28 <br><sup>8</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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.33 | .30 | 2.34 | 2.64 | (.56)<br>| (1.59)<br>| (2.15)<br>| 26.82 | 10.36 <br><sup>7</sup><br>| 64 | 1.34 <br><sup>8</sup><br>| 1.34 <br><sup>8</sup><br>| 2.24 <br><sup>8</sup><br>|
| 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).

---

| | |
|:---|:---|
| The Income Fund of America | **79** |

---

------

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:**  |
| 1/31/2026<sup>5,6</sup> <br>| $26.11 | $.30 | $2.31 | $2.61 | $(.56)<br>| $(1.59)<br>| $(2.15)<br>| $26.57 | 10.34 %<sup>7</sup><br>| $352 | 1.34 %<sup>8</sup><br>| 1.34 %<sup>8</sup><br>| 2.24 %<sup>8</sup><br>|
| 7/31/2025 | 24.70 | .68 | 2.09 | 2.77 | (.80)<br>| (.56)<br>| (1.36)<br>| 26.11 | 11.60 | 338 | 1.35 | 1.35 | 2.70 |
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.45 | .35 | 2.34 | 2.69 | (.60)<br>| (1.59)<br>| (2.19)<br>| 26.95 | 10.50 <br><sup>7</sup><br>| 38 | 1.06 <br><sup>8</sup><br>| 1.06 <br><sup>8</sup><br>| 2.54 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.41 | .37 | 2.34 | 2.71 | (.62)<br>| (1.59)<br>| (2.21)<br>| 26.91 | 10.61 <br><sup>7</sup><br>| 669 | .90 <br><sup>8</sup><br>| .90 <br><sup>8</sup><br>| 2.68 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.49 | .41 | 2.35 | 2.76 | (.66)<br>| (1.59)<br>| (2.25)<br>| 27.00 | 10.77 <br><sup>7</sup><br>| 538 | .61 <br><sup>8</sup><br>| .61 <br><sup>8</sup><br>| 2.98 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.50 | .43 | 2.36 | 2.79 | (.69)<br>| (1.59)<br>| (2.28)<br>| 27.01 | 10.90 <br><sup>7</sup><br>| 229 | .40 <br><sup>8</sup><br>| .40 <br><sup>8</sup><br>| 3.18 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.56 | .45 | 2.36 | 2.81 | (.71)<br>| (1.59)<br>| (2.30)<br>| 27.07 | 10.94 <br><sup>7</sup><br>| 384 | .29 <br><sup>8</sup><br>| .29 <br><sup>8</sup><br>| 3.28 <br><sup>8</sup><br>|
| 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:**  |
| 1/31/2026<sup>5,6</sup> <br>| 26.57 | .46 | 2.35 | 2.81 | (.71)<br>| (1.59)<br>| (2.30)<br>| 27.08 | 10.95 <br><sup>7</sup><br>| 27626 | .25 <br><sup>8</sup><br>| .25 <br><sup>8</sup><br>| 3.32 <br><sup>8</sup><br>|
| 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).

---

| | |
|:---|:---|
| **80** | The Income Fund of America |

---

------

Financial highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes**<sup>12,13</sup>  | **Six months** <br>**ended** <br>**January 31,** <br>**2026**<sup>5,6,7,14</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>12,13</sup>  | **Six months** <br>**ended** <br>**January 31,** <br>**2026**<sup>5,6,7,14</sup>  | **2025** | **2024** | **2023** | **2022** | **2021** |
| Excluding mortgage dollar roll transactions | &nbsp;&nbsp; 27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 44<br> %<br>|
| Including mortgage dollar roll transactions | &nbsp;&nbsp; 39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 95<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>| &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> Based on operations for a period that is less than a full year.

<sup>6</sup> Unaudited.

<sup>7</sup> Not annualized.

<sup>8</sup> Annualized.

<sup>9</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>10</sup> Amount less than $1 million.

<sup>11</sup> Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

<sup>12</sup> Refer to Note 5 for more information on mortgage dollar rolls.

<sup>13</sup> Rates do not include the portfolio activity of Capital Group Central Cash Fund.

<sup>14</sup> Rates exclude in-kind transactions, if any.

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| The Income Fund of America | **81** |

---

------

Changes in and disagreements with accountants

------

None

Matters submitted for shareholder vote

------

**Results of special meeting of shareholders**

Held November 25, 2025

Shares outstanding (all classes) on August 28, 2025 (record date):

5,060,780,843

Total shares voting on November 25, 2025:

4,436,773,458 (87.7% of shares outstanding)

The proposal: To elect board members

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Board member** | **Votes for** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **voting for**<br>| **Votes withheld** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percent** <br> **of shares** <br> **withheld**<br>|
| Gina F. Adams | 4166708476 | 93.9% | 270064982 | 6.1% |
| Charles E. Andrews | 4348810604 | 98.0% | 87962854 | 2.0% |
| Joseph J. Bonner | 4351046044 | 98.1% | 85727414 | 1.9% |
| Michael C. Camuñez | 4349846910 | 98.0% | 86926548 | 2.0% |
| Vanessa C. L. Chang | 4342432341 | 97.9% | 94341117 | 2.1% |
| Cecilia V. Estolano | 4347937138 | 98.0% | 88836320 | 2.0% |
| Bradford F. Freer | 4353363418 | 98.1% | 83410040 | 1.9% |
| Yvonne L. Greenstreet | 4350305742 | 98.1% | 86467716 | 1.9% |
| Martin E. Koehler | 4352926602 | 98.1% | 83846856 | 1.9% |
| Sharon I. Meers | 4351300088 | 98.1% | 85473370 | 1.9% |
| Pascal Millaire | 4352092045 | 98.1% | 84681413 | 1.9% |
| William I. Miller | 4351079121 | 98.1% | 85694337 | 1.9% |
| Anne-Marie Peterson  | 4353132827 | 98.1% | 83640631 | 1.9% |
| Josette Sheeran  | 4346479209 | 98.0% | 90294249 | 2.0% |

---

Remuneration paid to directors, officers and others

------

Refer to the trustees' deferred compensation disclosure in the notes to financial statements.

---

| | |
|:---|:---|
| **82** | The Income Fund of America |

---

------

Approval of Investment Advisory and Service Agreement

------

The fund's board has approved the continuation of the fund's Investment Advisory and Service Agreement (the "agreement") with Capital Research and Management Company ("CRMC") for an additional term through November 30, 2026. The agreement was amended to add additional advisory fee breakpoints for when the fund's net assets exceed $144 billion. The board approved the agreement following the recommendation of the fund's Contracts Committee (the "committee"), which is composed of all the fund's independent board members. The board and the committee determined in the exercise of their business judgment that the fund's advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account their interactions with CRMC and information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and they were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.

**1. Nature, extent and quality of services**

The board and the committee considered the depth and quality of CRMC's investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund's assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC's organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

**2. Investment results**

The board and the committee considered the investment results of the fund in light of its objective. They compared the fund's investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included) and data such as publicly disclosed benchmarks, including applicable market and fund indexes over various periods (including the fund's lifetime) through June 30, 2025. They generally placed greater emphasis on investment results over longer term periods and relative to benchmarks consistent with the fund's objective. On the basis of this evaluation and the board's and the committee's ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund's investment results have been satisfactory for renewal of the agreement, and that CRMC's record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

**3. Advisory fees and total expenses**

The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund's advisory fees and expenses are competitive with, and compared favorably to, those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund's advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund's cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund's shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.

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| | |
|:---|:---|
| The Income Fund of America | **83** |

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

**4. Ancillary benefits**

The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC's relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC's affiliated transfer agent; sales charges and distribution fees received and retained by the fund's principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC's portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.

**5. Adviser financial information**

The board and the committee reviewed information regarding CRMC's costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC's costs and related cost allocation methodology, as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC's investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC's profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC's long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund's advisory fee structure and CRMC's sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund's advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund's shareholders.

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| | |
|:---|:---|
| **84** | The Income Fund of America |

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#### ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None

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#### ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form under Matters submitted for shareholder vote.

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#### 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.

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#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
The information is included as part of the material filed under Item 7 of this Form under Approval of Investment Advisory and Service Agreement.

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#### 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.

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#### 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.

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#### 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.

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#### 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.

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#### 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.

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#### 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.

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#### ITEM 18 - Recovery of Erroneously Awarded Compensation
None

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#### ITEM 19 - Exhibits
(a)(1) Not applicable for filing of semi-annual reports to shareholders.

(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: March 31, 2026

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: March 31, 2026

By /s/ Hong T. Le

Hong T. Le, Treasurer and

Principal Financial Officer

Date: March 31, 2026

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## 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: March 31, 2026

<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: March 31, 2026

<u>/s/ Hong T. Le</u> Hong T. Le,

Treasurer and Principal Financial Officer

The Income Fund of America

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## 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 January 31, 2026 (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: March 31, 2026

Principal Financial Officer

**The Income Fund of America**

<u>/s/ Hong T. Le</u>

Hong T. Le, Treasurer and Principal Financial Officer

Date: March 31, 2026

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.

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