American Funds Capital Income Builder Class A
CAIBX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Los Angeles CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- Jul 30, 1987
- CIK
- 0000811968
- Website
- capitalgroup.com
- Similar Companies
- Business
- American Funds Capital Income Builder Class A (CAIBX) is an open-end mutual fund that seeks to produce a high level of current income exceeding the average yield on U.S. stocks, including those in the S&P 500 Index, while providing a growing stream of income and, secondarily, growth of capital. The fund, launched on July 30, 1987 and domiciled in the United States, invests primarily in income-producing securities, with at least 90% of assets allocated to such holdings including at least 50% in common stocks and other equities; it maintains a diversified portfolio typically comprising U.S. equities (approximately 42%), non-U.S. equities (approximately 35%), U.S. bonds (approximately 13-16%), non-U.S. bonds (under 1%), and cash equivalents (approximately 5-7%). Core offerings emphasize a balanced allocation across growth and value stocks of companies in diversified sectors such as financial services, technology, healthcare, consumer defensive, and industrials, alongside investment-grade bonds rated BBB- or higher by S&P/Fitch or Baa3 or higher by Moody's with varying maturities; the fund is benchmarked against a 70%/30% blend of the MSCI All Country World Index and Bloomberg U.S. Aggregate Index. It is managed by a team of investment professionals from Capital Research and Management Company, co-managed by affiliates including Capital World Investors, Capital Research Global Investors, Capital International Investors, and Capital Fixed Income Investors, with key portfolio counselors such as James Lovelace (since 1992), David Hoag, Winnie Kwan, and recent additions including Saurav Jain and Brian Wong (both since January 2025). The fund, part of the American Funds family offered by Capital Group headquartered in Los Angeles, California, serves individual and institutional investors primarily in the United States through broker-dealers and retirement plans, with total net assets exceeding $119 billion and share class assets around $67 billion as of late 2025. Recent developments include a category reclassification by Morningstar to Global Moderately Aggressive Allocation on May 1, 2025; a primary benchmark change effective July 24, 2024; the announcement in November 2025 of equity portfolio manager Steve Watson's removal from the fund; and Capital Group's broader strategic expansion, such as its deepened partnership with KKR announced in December 2025 to integrate private credit into American Funds retirement solutions and model portfolios, alongside launches of public-private investment options earlier in 2025.