- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Los Angeles CA 90071 Los Angeles CA United States of America 90071
- IPO Date
- May 1, 2009
- Business
- American Funds Capital Income Builder (ticker: RIRGX), Class R-6 shares of Capital Income Builder managed by Capital Group, seeks to produce a level of current income exceeding the average yield on U.S. stocks while providing growth in income and, secondarily, capital appreciation. The fund invests primarily in a diversified portfolio of income-producing securities, including common stocks and bonds issued by companies domiciled primarily in the United States and Canada; dividend-paying equities and fixed-income securities from Europe, Japan, Asia-Pacific ex-Japan, China, and emerging markets ex-China; high-quality U.S. and non-U.S. bonds with an effective duration of 4.8 years; and cash equivalents, with sector allocations emphasizing financials (15.5%), information technology (11.0%), industrials (8.7%), consumer staples (8.3%), and health care (8.3%). Launched on July 30, 1987, and headquartered in Los Angeles, California, as part of the American Funds family offered by Capital Group Companies, Inc., the fund operates globally with approximately $119.4 billion in assets under management as of September 30, 2025, serving over 6,000 shareholder accounts through quarterly dividends paid in March, June, September, and December. In recent developments, the fund maintained its fiscal year-end of October and updated its prospectus effective January 1, 2025, reflecting ongoing portfolio management by a 13-member investment team including long-tenured professionals such as James Lovelace (33 years), David Hoag (21 years), and Steven Watson (17 years); portfolio turnover stood at 56% for 2024 amid stable asset growth and consistent income distributions totaling $1.5694 per share year-to-date through September 2025. The fund continues to emphasize its benchmark of a 70%/30% blend of the MSCI All Country World Index and Bloomberg U.S. Aggregate Index, delivering a 30-day SEC yield of 3.20% and positioning within the global moderately aggressive allocation category.