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INCOME FUND OF AMERICA
fund voting report, part of Capital Group and American Funds
- Vote records reported
- 3,048year to 30 June 2026
- Against management
- 2.5%76 of 2,996 marked votes
- Say-on-pay support
- 95.8%for, of for + against + abstain
- Shareholder-proposal support
- 23.4%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
In its Form N-PX for the year to 30 June 2026, INCOME FUND OF AMERICA listed 3,048 vote records. Votes against management made up 2.5% of those marked either way (76 of 2,996); the median fund registrant stood at 6.2%.
Weighted by the number of shares voted, the against-management share is 2.9%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 95.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 23.4% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in CORPORATE GOVERNANCE (5.1% of 448), SECTION 14A SAY-ON-PAY VOTES (5.0% of 100) and DIVERSITY, EQUITY, AND INCLUSION (5.0% of 20).
It reported 464.2 million shares out on loan at record dates, 1.29% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 2.5% | 6.2% | 10.6% |
| Say-on-pay support rate | 95.8% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 23.4% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 1.29% | 0.00% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 1,620 | 1,590 | 14 | 1.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 100 | 92 | 4 | 5.0% | |
| AUDIT-RELATED | 192 | 189 | 3 | 0.0% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 3 | 3 | 0 | 33.3% | |
| EXTRAORDINARY TRANSACTIONS | 30 | 29 | 1 | 3.3% | |
| CAPITAL STRUCTURE | 311 | 298 | 13 | 4.5% | |
| COMPENSATION | 300 | 286 | 13 | 2.4% | |
| CORPORATE GOVERNANCE | 459 | 418 | 40 | 5.1% | |
| ENVIRONMENT OR CLIMATE | 46 | 9 | 37 | 0.0% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 18 | 8 | 10 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 20 | 9 | 11 | 5.0% | |
| OTHER SOCIAL ISSUES | 53 | 19 | 34 | 0.0% | |
| OTHER | 38 | 14 | 22 | 22.2% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 3,549 | 3.0% | 87.4% | 16.2% | |
| year to 30 June 2025 | 3,936 | 2.4% | 94.2% | 16.4% | |
| year to 30 June 2026 | 3,048 | 2.5% | 95.8% | 23.4% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, INCOME FUND OF AMERICA voted against management on 4 of the 94 it marked either way (4.3%) in the year to 30 June 2026.
- Comcast Corporation 10 Jun 2026
- Target Corporation 10 Jun 2026
- Apollo Global Management, Inc. 8 Jun 2026
- Tyson Foods, Inc. 5 Feb 2026
Shareholder proposals it supported
Of 114 proposals from security holders that could be told apart in the filings and on which it cast a vote, INCOME FUND OF AMERICA voted for 20 (17.5%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| AbbVie Inc. | 8 May 2026 | Stockholder Proposal - to Adopt a Policy to Require an Independent Chair |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| PEPSICO, INC. | 6 May 2026 | Shareholder Proposal - Independent Board Chair. |
| International Business Machines Corporation | 28 Apr 2026 | Stockholder Proposal Requesting a Right to Act by Written Consent |
| CATERPILLAR INC. | 10 Jun 2026 | Shareholder Proposal - Shareholder Right to Act by Written Consent |
| AT&T INC. | 14 May 2026 | EEO-1 Report Disclosure Policy |
| AT&T INC. | 14 May 2026 | Shareholder Right to Act by Written Consent |
| The Goldman Sachs Group, Inc. | 29 Apr 2026 | Shareholder Proposal Regarding Special Shareholder Meeting Thresholds |
| Morgan Stanley | 14 May 2026 | Shareholder proposal requesting an independent Board Chairman |
| Comcast Corporation | 10 Jun 2026 | Adopt policy to have an independent chair |
| Gilead Sciences, Inc. | 30 Apr 2026 | To vote on a stockholder proposal requesting an independent Board Chair policy |
| Starbucks Corporation | 25 Mar 2026 | Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority... |
| LOCKHEED MARTIN CORPORATION | 12 May 2026 | Stockholder Proposal Requiring Independent Board Chairman |
| CVS Health Corporation | 14 May 2026 | Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent. |
| United Parcel Service, Inc. | 7 May 2026 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| Target Corporation | 10 Jun 2026 | Require Independent Board Chair |
| Tyson Foods, Inc. | 5 Feb 2026 | Shareholder proposal regarding disclosure of voting results based on class of shares. |
| Ally Financial Inc. | 6 May 2026 | Shareholder Proposal to Reduce Threshold for Shareholders to Call Special Meetings. |
| Exxon Mobil Corporation | 27 May 2026 | Shareholder proposal: CORPORATE GOVERNANCE |
| Exxon Mobil Corporation | 27 May 2026 | Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not... |
Shares on loan
INCOME FUND OF AMERICA reported 464.2 million shares on loan at record dates against 35.38 billion shares voted: 1.29% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Fund series in this filing
1 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| INCOME FUND OF AMERICA | 3,048 | 2.5% | 95.7% | 17.5% |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 28 Aug 2026 accession 0001104659-26-102936
- Every N-PX filing by this filer on EDGAR
Questions
How did INCOME FUND OF AMERICA vote on executive pay?
In the year to 30 June 2026 INCOME FUND OF AMERICA reported 96 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 92 were for (95.8%), 4 against and 0 abstentions. Counting one item per company meeting, it voted against management on 4 of the 94 say-on-pay items it marked either way.
How often does INCOME FUND OF AMERICA vote against management?
2.5% of the time in the year to 30 June 2026: 76 of the 2,996 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did INCOME FUND OF AMERICA support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 37 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 23.4% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by INCOME FUND OF AMERICA (filer no. 50013), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.