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0.1598 0.0386 0.0198 0.0155 0.0027 0.0017 0.0021 0.0559 0.7039 0.1598 0.0386 0.0198 0.0155 0.0027 0.0017 0.0021 0.0559 0.0017 0.0021 0.0559 0.7039 0.1598 0.0386 0.0198 0.0155 0.0027 14044 14714 16525 10000 10096 10822 11303 11620 14237 9750 10000 10000 10000 10218 10859 11705 12421 12844 13078 15864 15491 16180 18124 11727 28165 20838 11158 18183 34403 24176 12705 15541 24921 19430 11547 16232 19153 16873 12795 15794 26134 20658 10750 12595 17108 15079 11619 12921 13629 12629 10837 12085 15843 13904 10282 10397 11745 11478 10893 11296 10000 10000 10000 9708 11121 10831 9424 10000 12145 14886 14694 15395 17300 10000 10000 10000 10530 11295 11806 13167 16083 15819 16518 18502 9648 9930 10626 11537 12329 12840 10000 10320 11072 12050 12913 13477 13855 16967 16730 17510 19657 10000 10294 11016 11960 19146 12779 13308 13645 16664 16383 17104 16460 9750 10094 10813 11287 11597 14202 14005 14664 10000 10316 11063 12039 12895 13457 13834 16933 16681 17448 19576 10268 10962 11873 12659 13150 13454 16401 16091 16765 18729 10000 18453 12389 12806 13132 16040 15776 16474 10000 10209 10842 11681 12671 12825 13180 14403 10000 11117 12424 12920 12251 10000 8927 10000 9115 9742 10040 11421 12837 13195 15593 13022 14417 12923 14061 12405 12260 12682 12906 10000 10000 11115 11405 10920 12428 10000 15842 15465 16024 17814 10224 10863 11706 12420 12838 13065 10855 11697 12409 12829 13053 15828 10000 10215 15459 16020 17806 10000 10000 10028 10695 11562 12302 12752 13015 15828 15499 16111 17960 10000 10000 10000 10265 10954 11856 18621 12638 13118 13416 16337 16024 16677 10000 13095 13451 16471 16232 16975 19050 10000 10000 10000 10770 11710 12545 13655 16677 16408 17125 19181 10000 10290 11018 11959 12785 13315 10000 10330 11093 12085 12969 13554 13945 17095 16874 17679 19864 17604 19773 10000 10325 11083 12068 12938 13516 13904 17040 16811 N-CSR The Income Fund of America 2024-07-31 The Income Fund of America® Class A AMECX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-A</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-A (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class A</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>61</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 61 0.0058 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>A shares gained 12.02% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-A</div></div>.</div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.</div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196766.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class A (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">5.57<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.35<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.16<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class A (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.02</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.62</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.79</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td></tr></table></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class A (with sales charge) 0.0557 0.0635 0.0616 The Income Fund of America — Class A (without sales charge) 0.1202 0.0762 0.0679 S&P 500 Index 0.2215 0.15 0.1315 65%/35% S&P 500 Index/Bloomberg U.S. Aggregate Index 0.1602 0.099 0.0923 Bloomberg U.S. Aggregate Index 0.051 0.0019 0.0161 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"><div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196772.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class C IFACX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-C</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-C (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class C</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>139</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 139 0.0132 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class C shares gained 11.20% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-C</div></div>.</div><div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div><div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196094.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div><div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class C (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">10.20<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.82<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.13<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class C (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.20 </td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.82 </td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.13 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19 </td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61 </td></tr></table></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class C (with sales charge) 0.102 0.0682 0.0613 The Income Fund of America — Class C (without sales charge) 0.112 0.0682 0.0613 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div><div style="margin-bottom: 14pt; width: auto; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"><div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div></div><div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196100.jpg" style="float: right; width: 300pt;"/> </div><div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class T TIAFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class T</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>34</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 34 0.0032 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class T shares gained 12.31% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196850.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class T (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">9.49<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.35<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.11<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class T (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.31</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.89</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.48</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">14.32</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.89</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.32</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class T shares were first offered on April 7, 2017.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class T (with sales charge) 0.0949 0.0735 0.0711 The Income Fund of America — Class T (without sales charge) 0.1231 0.0789 0.0748 0.1432 0.0989 0.0132 2017-04-07 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196856.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class F-1 IFAFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-F1</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-F1 (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div><div style="margin-bottom: 4pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-1</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>68</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 68 0.0064 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class F-1 shares gained 11.94% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-F1</div></div>.</div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div><div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div><div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196136.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div><div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class F-1<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.94<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.55<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.71<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td></tr></table></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest <div style="letter-spacing: 0px; top: 0px;display:inline;">directly </div>in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class F-1 0.1194 0.0755 0.0671 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div><div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196142.jpg" style="float: right; width: 300pt;"/> </div><div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class F-2 AMEFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-F2</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-F2 (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <div style="margin-bottom: 4pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-2</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>39</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.37<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 39 0.0037 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class F-2 shares gained 12.26% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-F2</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196178.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class F-2<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.26<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.84<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.99<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td></tr></table></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class F-2 0.1226 0.0784 0.0699 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"><div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196184.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class F-3 FIFAX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-F3</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-F3 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class F-3</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>29</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 29 0.0027 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class F-3 shares gained 12.38% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-F3</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196724.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class F-3<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.38<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.94<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.58<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">14.40</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.97</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.41</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class F-3 shares were first offered on January 27, 2017.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class F-3 0.1238 0.0794 0.0758 0.144 0.0997 0.0141 2017-01-27 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196730.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class 529-A CIMAX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529A</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529A (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <div style="margin-bottom: 4pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-A</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 65 0.0061 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-A shares gained 12.01% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529A</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196220.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-A (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">8.10<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.81<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.35<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-A (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.01</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.58</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.73</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td></tr></table></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class 529-A (with sales charge) 0.081 0.0681 0.0635 The Income Fund of America — Class 529-A (without sales charge) 0.1201 0.0758 0.0673 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"><div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196226.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class 529-C CIMCX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529C</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529C (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-C</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>144</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 144 0.0136 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-C shares gained 11.19% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529C</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196262.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-C (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">10.19<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.78<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.32<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-C (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.19</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.78</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.32</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class 529-C (with sales charge) 0.1019 0.0678 0.0632 The Income Fund of America — Class 529-C (without sales charge) 0.1119 0.0678 0.0632 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196268.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class 529-E CIMEX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529E</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529E (800) 421-4225 <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> <div style="margin-top: 1em; margin-bottom: 1em"></div><div style="margin-top: 1em; margin-bottom: 1em"></div><div style="margin-top: 1em; margin-bottom: 1em"></div><div style="margin-top: 1em; margin-bottom: 1em"></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-E</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>89</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.84<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 89 0.0084 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-E shares gained 11.71% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529E</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="/* padding-bottom: 25pt; */margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196346.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-E<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.71<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.33<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.48<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class 529-E 0.1171 0.0733 0.0648 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196352.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class 529-T TFAAX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-T</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>39</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.37<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 39 0.0037 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-T shares gained 12.25% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196808.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-T (with sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">9.43<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.29<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.05<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-T (without sales charge)<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.25</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.84</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.42</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">14.32</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.89</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.32</td></tr></table></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class 529-T shares were first offered on April 7, 2017.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services <div style="letter-spacing: 0px; top: 0px;display:inline;">Ltd</div>.</div> The Income Fund of America — Class 529-T (with sales charge) 0.0943 0.0729 0.0705 The Income Fund of America — Class 529-T (without sales charge) 0.1225 0.0784 0.0742 2017-04-07 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 125420000000 2704 270000000 0.92 <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196814.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class 529-F-1 CIMFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529F1</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529F1 (800) 421-4225 <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 invest<div style="letter-spacing: 0px; top: 0px;display:inline;">m</div>ent)</div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-1</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>48</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 48 0.0045 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-F-1 shares gained 12.20% for the year ended July 31, 2024. That result compares with a 1<div style="letter-spacing: 0px; top: 0px;display:inline;">6.02</div>% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529F1</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <img alt="Fund Performance - Growth of 10K" src="chartimages_1196304.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-F-1<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.20<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.78<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.95<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/<div style="letter-spacing: 0px; top: 0px;display:inline;">Bloomberg </div>U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class 529-F-1 0.122 0.0778 0.0695 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196310.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class 529-F-2 FAIFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529F2</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529F2 (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-2</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>38</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.36<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 38 0.0036 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class 529-F-2 shares gained 12.30% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529F2</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196892.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-F-2<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.30<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">10.22<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.78</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">10.10</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">-1.95</td></tr></table></div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class 529-F-2 shares were first offered on October 30, 2020.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services <div style="letter-spacing: 0px; top: 0px;display:inline;">Ltd</div>.</div> The Income Fund of America — Class 529-F-2 0.123 0.1022 0.1678 0.101 -0.0195 2020-10-30 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196898.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class 529-F-3 FFIFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-529F3</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-529F3 (800) 421-4225 <div style="margin-bottom: 6pt;"><div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div></div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td><td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td><td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class 529-F-3</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>34</td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.32<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 34 0.0032 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">The fund’s Class 529-F-3 shares gained 12.31% for the year ended July 31, 2</div>024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/<div style="letter-spacing: 0px; top: 0px;display:inline;">Bloomberg </div>U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-529F3</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196934.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"><table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"><tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"><td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td><td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class 529-F-3<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.31<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td><td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">10.24<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.78</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">10.10</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"><td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td><td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">-1.95</td></tr></table></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary <div style="letter-spacing: 0px; top: 0px;display:inline;">benchmark </div>changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div><div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class 529-F-3 shares were first offered on October 30, <div style="letter-spacing: 0px; top: 0px;display:inline;">2020</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div>.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class 529-F-3 0.1231 0.1024 2020-10-30 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in <div style="letter-spacing: 0px; top: 0px;display:inline;">millions</div>)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"><td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td><td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196940.jpg" style="float: right;width: 300pt;/* height: 150px; */"/> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> <div style="clear: both; max-height: 0px;"></div> </div> <div style="padding-left: 10pt; padding-right: 0;"><div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div></div> The Income Fund of America® Class R-1 RIDAX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R1</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R1 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-1</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>143</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 143 0.0135 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-1 shares gained 11.15% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R1</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">What </div>factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196388.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-1<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.15<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.78<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">5.94<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark <div style="letter-spacing: 0px; top: 0px;display:inline;">changed </div>from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones <div style="letter-spacing: 0px; top: 0px;display:inline;">Indices </div>LLC or Bloomberg Index Services <div style="letter-spacing: 0px; top: 0px;display:inline;">Ltd</div>.</div> The Income Fund of America — Class R-1 0.1115 0.0678 0.0594 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div><br/></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> <div style="margin-block: 0em;"> </div> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196394.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-2 RIDBX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R2</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R2 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-2</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>143</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 143 0.0135 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-2 shares gained 11.16% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R2</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. <div style="letter-spacing: 0px; top: 0px;display:inline;">Holdings </div>in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196430.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="border-bottom: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: left; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-bottom: 0px; margin-bottom: 4pt; margin-top: 0px;"><div style="font-weight:bold;display:inline;">Average annual total returns</div></div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-2<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.16<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.77<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">5.94<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary <div style="letter-spacing: 0px; top: 0px;display:inline;">benchmark </div>changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-2 0.1116 0.0677 0.0594 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on <div style="letter-spacing: 0px; top: 0px;display:inline;">fund </div>distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <div style="margin-block: 0em;"><br/></div> <div style="margin-bottom: 14pt; width: auto; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in <div style="letter-spacing: 0px; top: 0px;display:inline;">millions</div>)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div></td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll <div style="letter-spacing: 0px; top: 0px;display:inline;">transactions</div></td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196436.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-2E RIEBX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R2E</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R2E (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-2E</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>113</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">1.07<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 113 0.0107 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-2E shares gained 11.47% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R2E</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s <div style="letter-spacing: 0px; top: 0px;display:inline;">fiscal </div>year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196640.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-2E<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.47<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.09<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.08<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">12.82</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">8.98</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.51</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the <div style="letter-spacing: 0px; top: 0px;display:inline;">65</div>%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P <div style="letter-spacing: 0px; top: 0px;display:inline;">500 </div>Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class R-2E shares were first offered on August 29, 2014.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-2E 0.1147 0.0709 0.0608 0.1282 0.0898 0.0151 2014-08-29 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in <div style="letter-spacing: 0px; top: 0px;display:inline;">millions</div>)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196646.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-3 RIDCX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R3</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R3 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 4pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-3</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>96</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 96 0.0091 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-3 shares gained 11.66% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R3</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings </div>in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="padding-bottom: 25pt; margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196472.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-3<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">11.66<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.26<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.41<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, <div style="letter-spacing: 0px; top: 0px;display:inline;">2024</div>, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-3 0.1166 0.0726 0.0641 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="text-transform: none; margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 11pt; letter-spacing: normal; color: rgb(0, 95, 158); margin-top: 10pt;"><div style="font-weight:bold;display:inline;">Key fund statistics</div></div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in <div style="letter-spacing: 0px; top: 0px;display:inline;">millions</div>)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio <div style="letter-spacing: 0px; top: 0px;display:inline;">holdings</div></td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196478.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-4 RIDEX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R4</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R4 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-4</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>65</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 65 0.0061 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-4 shares gained 12.01% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R4</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div> <div style="/* padding-bottom: 25pt; */margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196514.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-4<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.01<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.57<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">6.73<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-4 0.1201 0.0757 0.0673 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="margin-bottom: 7.5pt; padding-left: 0;"> <div style="margin-block: 0em;"> </div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196520.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-5E RIDHX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R5E</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R5E (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-5E</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>44</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 44 0.0041 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-5E shares gained 12.22% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R5E</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div> <div style="/* padding-bottom: 25pt; */margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196682.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">Since inception<div style=";display:inline;vertical-align: super;font-size:9.2px">1</div></div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-5E<div style=";display:inline;vertical-align: super;font-size:8.3px">2</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.22<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.79<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.69<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.86</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.65</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">3</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.51</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">1</div> Class R-5E shares were first offered on November 20, 2015.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">2</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">3</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-5E 0.1222 0.0779 0.0769 0.1386 0.0965 0.0151 2015-11-20 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="margin-bottom: 7.5pt; padding-left: 0;"> <div style="margin-block: 0em;"> </div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div><div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196688.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-5 RIDFX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R5</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R5 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-5</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>33</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.31<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 33 0.0031 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-5 shares gained 12.32% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R5</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div> <div style="/* padding-bottom: 25pt; */margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196556.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-5<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.32<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.91<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.05<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-5 0.1232 0.0791 0.0705 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="margin-bottom: 7.5pt; padding-left: 0;"> <div style="margin-block: 0em;"> </div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196562.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> The Income Fund of America® Class R-6 RIDGX This annual shareholder report contains important information about The Income Fund of America (the "fund")<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>for the period from August 1, 2023 to July 31, 2024. annual shareholder report You can find additional information about the fund at <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 10pt; line-height: 13pt; letter-spacing: -0.05pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-literature-R6</div></div>. You can also request this information by contacting us at (800) 421-4225. capitalgroup.com/mutual-fund-literature-R6 (800) 421-4225 <div style="margin-bottom: 6pt;"> <div style="margin-top: 0; letter-spacing: normal; text-transform: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 13pt; color: rgb(0, 0, 0); margin-bottom: 0;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 13pt; color: rgb(0, 95, 158);font-weight:bold;display:inline;">What were the fund costs for the last year?</div> (based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: none; border-bottom-width: initial; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 19.008pt; border-bottom-color: initial;"> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 126.9pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Share class</div></td> <td style="break-inside: avoid; padding: 3pt 6pt; font-size: 10pt; line-height: 10pt; width: 171.072pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255);"><div style="font-weight:bold;display:inline;">Costs of a $10,000 investment</div></td> <td style="break-inside: avoid; padding: 3pt 0px; font-size: 10pt; line-height: 10pt; width: 267.948pt; font-family: AvenirNextLTProDemi; text-align: center; vertical-align: middle; color: rgb(255, 255, 255); border-right: none;"><div style="font-weight:bold;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: initial; border-bottom-style: none; height: 20pt; border-bottom-color: initial;"> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 126.9pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;">Class R-6</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-family: 'Arial'; font-size: 10pt; line-height: 10pt; text-align: center; width: 171.072pt; color: rgb(0, 0, 0); padding-right: 6pt; padding-left: 6pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>29</td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; font-size: 10pt; line-height: 10pt; font-family: 'Arial'; text-align: center; width: 267.948pt; color: rgb(0, 0, 0); padding-right: 0; padding-left: 0; vertical-align: bottom;">0.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 29 0.0027 <div style="font-family: AvenirNextLTProDemi; font-size: 11pt; line-height: 12pt; letter-spacing: normal; text-transform: none; color: rgb(0, 95, 158); padding-top: 0px; margin-top: 0px; margin-bottom: 2.0016pt;"><div style="font-weight:bold;display:inline;">Management's discussion of fund performance</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The fund’s Class R-6 shares gained 12.36% for the year ended July 31, 2024. That result compares with a 16.02% gain for the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to <div style="text-decoration-line: underline; font-family: AvenirNextLTProDemi; color: rgb(0, 95, 158); font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;">capitalgroup.com/mutual-fund-returns-R6</div></div>.</div> <div style="margin-bottom: 2.0016pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: normal; text-transform: none; color: rgb(0, 0, 0); padding-top: 0px; margin-top: 6pt;"><div style="font-weight:bold;display:inline;">What factors influenced results</div></div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 12pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 6pt;">During the fund’s fiscal year, the U.S. economy saw robust growth, driven by a rise in business investment, consumer spending and government expenditure. Slight declines in inflation and a modest softening of the labor market led to expectations that the U.S. Federal Reserve might cut interest rates, but this did not occur during the period; bond yields remained higher as a result. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">The portfolio’s holdings in the financial and industrial sectors saw returns higher than that of the overall portfolio during the period. </div> <div style="margin-top: 0; font-weight: normal; font-family: 'Arial'; font-size: 9pt; line-height: 11pt; letter-spacing: -0.04pt; color: rgb(0, 0, 0); margin-bottom: 4.0032pt;">Conversely, the highest yielding equities saw returns below that of the overall portfolio, though it is worth noting that the dividends paid remain a critical part of the fund’s income objective. Similarly, the fund’s bond holdings helped support the fund's income objective, but also provided a measure of stability when equity markets were volatile. The fund’s position in health care equities saw a negative return for the period. Holdings in consumer staples and telecommunications recorded positive returns but were below the overall portfolio return. </div> <div style="margin-top: 0px; text-transform: none; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; letter-spacing: -0.01pt; color: rgb(0, 0, 0); margin-bottom: 2.0016pt; padding-top: 1pt;"><div style="font-weight:bold;display:inline;">How a hypothetical $10,000 investment has grown</div></div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); margin-bottom: 4.32pt;">Figures assume reinvestment of dividends and capital gains.</div> <div style="/* padding-bottom: 25pt; */margin-bottom: 0;"><img alt="Fund Performance - Growth of 10K" src="chartimages_1196598.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 550pt;"/> </div> <div style="margin-bottom: 3pt;"> <table style="text-align:start; page-break-inside: avoid; table-layout: auto; width: 100%; border-collapse: collapse;"> <tr style="page-break-inside: avoid; border-bottom-style: solid; border-bottom-width: 0.5pt; background-color: rgb(0, 95, 158); border-right-color: rgb(255, 255, 255); border-right-style: solid; border-right-width: 0.5pt; height: 16.9992pt; border-bottom-color: rgb(153, 153, 153);"> <td style="break-inside: avoid; padding: 0px 2pt; white-space: nowrap; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; color: rgb(0, 0, 0); border-right: none; background-color: rgb(223, 229, 240);background-color:rgb(223, 229, 240);"></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">1 year</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">5 years</div></td> <td style="break-inside: avoid; padding: 0px 5pt; width: 64pt; font-family: AvenirNextLTProDemi; font-size: 10pt; line-height: 10pt; text-align: center; vertical-align: middle; white-space: nowrap; color: rgb(255, 255, 255); border-right: 0.5pt solid rgb(255, 255, 255); background-color: rgb(0, 95, 158);background-color:rgb(0, 95, 158);"><div style="font-weight:bold;display:inline;">10 years</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">The Income Fund of America — Class R-6<div style=";display:inline;vertical-align: super;font-size:8.3px">*</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">12.36<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.94<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> <td style="page-break-inside: avoid; font-weight: normal; padding-top: 0; padding-bottom: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-right: 0; padding-left: 0;">7.10<div style="visibility: visible; display: inline; letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">S&amp;P 500 Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">22.15</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">15.00</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">13.15</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">16.02</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.90</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">9.23</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; height: auto; border-bottom-color: rgb(153, 153, 153); background-color: rgb(255, 255, 255);"> <td style="page-break-inside: avoid; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; vertical-align: middle; padding-top: 3pt; padding-right: 0; padding-bottom: 3pt; padding-left: 2pt;">Bloomberg U.S. Aggregate Index<div style=";display:inline;vertical-align: super;font-size:8.3px">†</div></td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">5.10</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">0.19</td> <td style="page-break-inside: avoid; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); width: 64pt; text-align: center; vertical-align: middle; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0;">1.61</td> </tr> </table> </div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0;">Effective July 24, 2024, the fund's primary benchmark changed from the 65%/35% S&amp;P 500 Index/Bloomberg U.S. Aggregate Index (the "Previous Primary Benchmark") to the S&amp;P 500 Index, a broad-based index that represents the overall securities markets, as required by the SEC. The Previous Primary Benchmark provides a means to compare the fund's results to a benchmark that the investment adviser believes is more representative of the fund's investment universe. There is no change in the fund's investment strategies as a result of the benchmark change.</div> <div style="font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-top: 6.5pt; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">*</div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.</div> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 10pt; color: rgb(0, 0, 0); margin-bottom: 0; margin-left: 5pt; text-indent: -5pt;"><div style=";display:inline;vertical-align: super;font-size:7.4px">†</div> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&amp;P Dow Jones Indices LLC or Bloomberg Index Services Ltd.</div> The Income Fund of America — Class R-6 0.1236 0.0794 0.071 The fund’s past performance is not a predictor of its future performance. The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="margin-bottom: 7.5pt; padding-left: 0;"> <div style="margin-block: 0em;"> </div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid;"> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto; border-top-color: rgb(153, 153, 153); border-top-style: solid; border-top-width: 0.5pt;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Fund net assets (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>125,420</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total number of portfolio holdings</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">2,704 </td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Total advisory fees paid (in millions)</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>270</td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate including<br/>mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="page-break-inside: avoid; border-bottom-width: 0.5pt; border-bottom-style: solid; border-bottom-color: rgb(153, 153, 153); height: auto;"> <td style="page-break-inside: avoid; vertical-align: middle; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0); font-family: 'Arial'; text-align: left; width: 70%; font-weight: normal;">Portfolio turnover rate excluding mortgage dollar roll transactions</td> <td style="page-break-inside: avoid; text-align: right; vertical-align: middle; font-weight: normal; padding-top: 3pt; padding-bottom: 3pt; padding-left: 0; padding-right: 0; font-family: 'Arial'; font-size: 9pt; line-height: 9pt; color: rgb(0, 0, 0);">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 125420000000 2704 270000000 0.92 <div style="padding-left: 10pt; margin-bottom: 7.5pt; padding-right: 0;"> <div style="border-bottom-width: initial; border-bottom-style: none; font-family: 'Arial'; font-weight: normal; font-size: 10pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 0, 0); margin-top: 10pt; margin-bottom: 2.0016pt; padding-bottom: 0; border-bottom-color: initial; padding-left: 27pt;"><div style="font-family: 'AvenirNextLTProDemi'; font-size: 11pt; line-height: 11pt; letter-spacing: normal; text-transform: none; text-align: left; color: rgb(0, 95, 158); margin-top: 10pt; margin-bottom: 3pt; padding-bottom: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;font-weight:bold;display:inline;">Portfolio holdings by asset type</div> (percent of net assets)</div> </div> <div style="padding-left: 10pt; padding-right: 0;"></div> <div style="padding-left: 10pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_1196604.jpg" style="float: right; width: 300pt;"/> </div> <div style="padding-left: 10pt; padding-right: 0;"> <div style="margin-top: 0; font-family: 'Arial'; font-weight: normal; font-size: 8pt; line-height: 9pt; color: rgb(0, 0, 0); margin-bottom: 4pt; padding-left: 147pt;">*Includes derivatives.</div> </div> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower. Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC or Bloomberg Index Services Ltd. Includes derivatives. Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower. Class 529-T shares were first offered on April 7, 2017. Class 529-F-2 shares were first offered on October 30, 2020. Class R-5E shares were first offered on November 20, 2015. Class T shares were first offered on April 7, 2017. Class F-3 shares were first offered on January 27, 2017. Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): S&P Dow Jones Indices LLC or Bloomberg Index Services Ltd. Class 529-F-3 shares were first offered on October 30, 2020. Class R-2E shares were first offered on August 29, 2014.