American Income Fund Inc. is a closed-ended fixed-income mutual fund launched and managed by FAF Advisors, Inc. It invests in fixed income markets of the United States. The fund seeks to invest in companies operating across diversified sectors. It primarily invests in combination of mortgage-backed securities and higher-yielding corporate bonds. The fund maintains an average minimum credit quality of BBB and effective duration of the portfolio at five years. It benchmarks the performance of its portfolios against Lehman Brothers High Yield Index and Lehman Brothers Government/Mortgage Index. American Income Fund Inc was formed on December 30, 1988 and is domiciled in the United States.