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CAIBX American Funds Capital Income Bldr A

  • Fund
  • CAIBX
  • Price as of: Jul 15, 2019
  • $61.60 + $0.07 + 0.11%
  • Category
  • Global Allocation

CAIBX - Profile

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $104 B
  • Holdings in Top 10 17.3%

52 WEEK LOW AND HIGH

$61.60
$54.67
$61.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$250

IRA

$25

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name American Funds Capital Income Builder®
  • Fund Family Name American Funds
  • Inception Date Jul 30, 1987
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager James B. Lovelace

Fund Description

The American Funds Capital Income Builder Fund Class A (CAIBX) is an actively managed “go anywhere” fund designed to provide above-average current income. CAIBX also looks to grow that income stream in the future. The fund bets its portfolio on a wide range of asset classes, including stocks, bonds, and hybrid securities from around the world. Dividend-paying equities make up around 60 to 80% of the fund’s portfolio. Further, roughly 50% of the fund is in international investments. Expenses for the fund are low before adding in CAIBX’s sales loads.

Given the fund’s wide mandate, CAIBX could make a great core position for a moderately conservative investor. The fund is managed by Capital Research and Management Company.

CAIBX - Performance

Return Ranking - Trailing

Period CAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -7.1% 15.2% 48.90%
1 Yr 1.6% -28.5% 6.7% 17.35%
3 Yr 1.0%* -4.5% 49.5% 65.93%
5 Yr 0.1%* -8.7% 22.8% 25.24%
10 Yr 3.7%* 0.0% 14.6% 28.47%

* Annualized


Return Ranking - Calendar

Period CAIBX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.3% -32.0% 3.8% 44.48%
2017 9.0% -5.0% 26.2% 57.10%
2016 3.2% -9.5% 210.7% 51.74%
2015 -6.3% -21.2% -0.3% 46.37%
2014 1.8% -21.3% 16.3% 15.54%

Total Return Ranking - Trailing

Period CAIBX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -7.1% 15.2% 50.16%
1 Yr 2.5% -28.5% 7.5% 29.34%
3 Yr 4.1%* -4.5% 55.4% 51.42%
5 Yr 3.5%* -8.7% 31.5% 15.65%
10 Yr 7.7%* 0.0% 19.2% 18.06%

* Annualized


Total Return Ranking - Calendar

Period CAIBX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.1% -32.0% 3.8% 36.28%
2017 14.3% -3.7% 29.6% 42.90%
2016 6.9% -9.5% 233.7% 22.08%
2015 -2.9% -20.2% 6.6% 44.48%
2014 6.7% -21.3% 17.1% 6.42%

NAV & Total Return History

CAIBX - Holdings

Concentration Analysis

CAIBX Category Low Category High CAIBX % Rank
Net Assets 104 B 8.8 M 104 B 0.63%
Number of Holdings 1336 2 3633 11.60%
Net Assets in Top 10 17.8 B -81.9 M 17.8 B 1.88%
Weighting of Top 10 17.25% 0.0% 895.1% 82.13%

Top 10 Holdings

  1. AbbVie Inc 2.56%

  2. Novartis AG 1.92%

  3. Broadcom Inc 1.87%

  4. Verizon Communications Inc 1.74%

  5. Coca-Cola Co 1.66%

  6. Altria Group Inc 1.66%

  7. Microsoft Corp 1.52%

  8. Royal Dutch Shell PLC B 1.49%

  9. Philip Morris International Inc 1.48%

  10. Amgen Inc 1.35%


Asset Allocation

Weighting Return Low Return High CAIBX % Rank
Stocks
71.01% 0.00% 259.25% 18.50%
Bonds
24.80% -234.98% 117.56% 68.03%
Cash
3.70% -88.62% 98.17% 71.47%
Preferred Stocks
0.30% 0.00% 18.40% 19.12%
Convertible Bonds
0.11% 0.00% 9.42% 45.45%
Other
0.07% -3.90% 59.71% 65.52%

Stock Sector Breakdown

Weighting Return Low Return High CAIBX % Rank
Consumer Defense
10.41% -1.84% 18.16% 6.65%
Healthcare
9.42% -1.73% 20.86% 12.34%
Financial Services
8.64% 0.00% 38.98% 47.78%
Technology
7.85% 0.00% 44.06% 54.75%
Energy
7.03% 0.00% 17.54% 17.41%
Utilities
6.20% -0.84% 19.70% 7.28%
Real Estate
5.58% -0.42% 37.33% 25.95%
Communication Services
5.14% 0.00% 14.83% 8.54%
Industrials
4.42% -0.35% 18.58% 61.08%
Consumer Cyclical
3.94% -1.09% 25.91% 69.94%
Basic Materials
2.01% -1.03% 15.55% 67.72%

Stock Geographic Breakdown

Weighting Return Low Return High CAIBX % Rank
US
36.56% -9.56% 99.60% 21.32%
Non US
34.45% -19.48% 159.65% 35.11%

Bond Sector Breakdown

Weighting Return Low Return High CAIBX % Rank
Government
15.65% -242.10% 104.67% 51.41%
Corporate
6.21% -0.30% 59.27% 66.46%
Cash & Equivalents
3.70% -106.96% 98.17% 67.08%
Securitized
3.31% 0.00% 29.27% 39.18%
Municipal
0.04% 0.00% 4.65% 21.94%
Derivative
0.00% -2.24% 20.26% 39.81%

Bond Geographic Breakdown

Weighting Return Low Return High CAIBX % Rank
US
23.23% -262.85% 104.67% 39.50%
Non US
1.57% -17.16% 59.99% 83.70%

CAIBX - Expenses

Operational Fees

CAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.58% 0.01% 11.20% 86.52%
Management Fee 0.23% 0.00% 1.56% 22.57%
12b-1 Fee 0.25% 0.00% 1.00% 21.90%
Administrative Fee 0.01% 0.01% 0.47% 2.23%

Sales Fees

CAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.15% 5.75% 2.94%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CAIBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 0.00% 494.00% 69.84%

CAIBX - Distributions

Dividend Yield Analysis

CAIBX Category Low Category High CAIBX % Rank
Dividend Yield 0.02% 0.00% 1.99% 37.93%

Dividend Distribution Analysis

CAIBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

CAIBX Category Low Category High CAIBX % Rank
Net Income Ratio 3.18% -1.08% 5.11% 8.78%

Capital Gain Distribution Analysis

CAIBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

CAIBX - Managers

James B. Lovelace

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 1992

27.51

27.5%

James B. Lovelace is an equity portfolio manager at Capital Group. He also serves on the Portfolio Oversight Committee. He has 37 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Jim covered beverages & tobacco, restaurants & lodging, household products and personal care companies. Jim began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor’s degree with honors in philosophy from Swarthmore College. He also holds the Chartered Financial Analyst® designation and is a member of the Los Angeles Society of Financial Analysts. Jim is based in Los Angeles.


Joyce E. Gordon

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2000

19.51

19.5%

Joyce E. Gordon is an equity portfolio manager at Capital Group. She has 38 years of investment experience and has been with Capital Group for 43 years. Earlier in her career, as an equity investment analyst at Capital, she covered thrifts, banking, and paper & forest products companies. She holds an MBA and a bachelor’s degree in business finance from the University of Southern California. Joyce is based in Los Angeles.


David M. Riley

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2004

15.5

15.5%

David M. Riley is an equity portfolio manager at Capital Group. He has 24 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, David covered European and Latin American telecommunication companies and European media companies. David holds an MBA from Harvard Business School and a bachelor’s degree in electronics from the University of Southampton in England. He is also a Licentiate of London and Guildhall Schools of Music. David is based in London.


David A. Hoag

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2004

15.5

15.5%

Hoag is vice president and director of Capital Research and Management Company. He joined the company in 1991.


Steven T. Watson

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2007

12.5

12.5%

Steven T. Watson is an equity portfolio manager at Capital Group. He has 31 years of investment experience and has been with Capital Group for 29 years. Earlier in his career, as an equity investment analyst at Capital, he covered Asian property and transportation, as well as European transportation and utilities companies. Before joining Capital, Steven was a buy-side research analyst for Sanford C. Bernstein & Co. in New York. He holds an MBA in finance from New York University Graduate School of Business Administration. Steven is based in Hong Kong.


Winnie Kwan

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2007

12.5

12.5%

Winnie Kwan is an equity portfolio manager at Capital Group. Earlier in her career, as an equity investment analyst at Capital, she covered global exchanges, Asian utilities and small-cap companies. Prior to joining Capital, Winnie worked with Morgan Stanley in London, Hong Kong and Singapore. She holds both master’s and bachelor’s degrees in economics from Trinity College at the University of Cambridge. She also holds the Chartered Financial Analyst® designation. Winnie is based in Hong Kong. Background and approach: Bottom-up research is at the heart of Winnie’s approach. Her investment decisions always factor in assessment of a company’s valuation in relation to its global peers, history and prevailing interest rates. She also pays close attention to balance sheets, as well as free cash flow generation. Her emphasis is on seeking longer term total return (stock appreciation and dividend growth) potential, with investments that are not concentrated. “Typically, I invest in companies for several years. Assuming our research thesis is borne out, this is a holding period over which earnings, dividends and various multiples have ample time to potentially improve,” she says. In addition, Winnie likes to invest in cyclical stocks that are out of favor — at a trough in their valuation cycle and toward the bottom of their industry’s capital expenditure cycle. She emphasizes high-quality companies. Winnie will also selectively invest in attractively valued companies where her view of a management change or earnings turnaround is positive, if there are signs of improvement that appear favorable for potential returns.


Bradley J. Vogt

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2009

10.5

10.5%

Bradley J. Vogt is an equity portfolio manager at Capital Group. He is chairman of Capital Research Company and serves on the Capital Group Management Committee and the Portfolio Oversight Committee. Brad has 31 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered environmental services, U.S. telecommunications and cable & satellite TV companies. He holds a bachelor’s degree in international politics and economics from Wesleyan University. Brad is based in Washington, D.C.


L. Alfonso Barroso

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2010

9.5

9.5%

L. Alfonso Barroso joined Capital Research Global Investors, one of Capital Research and Management Company's equity investment divisions, since 1994, all with Capital Research and Management Company or affiliate.


Grant L. Cambridge

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2013

6.5

6.5%

Grant L. Cambridge is a portfolio manager at Capital Group. He has 26 years of investment experience and has been with Capital Group for 22 years. Earlier in his career, as an equity investment analyst at Capital, he covered insurance, airlines, air freight, home builders, asset managers and software companies, as well as small- and mid-cap companies. Prior to joining Capital, he worked for BTM Capital, a subsidiary of the Bank of Tokyo-Mitsubishi in Boston. He holds an MBA from Harvard Business School, a master’s degree from Suffolk University and a bachelor’s degree from Bentley University. Grant is based in Los Angeles.


Philip Winston

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2014

5.5

5.5%

Philip Winston is an equity portfolio manager at Capital Group. He has 28 years of investment experience and has been with Capital Group for 16 years. Earlier in his career, in addition to being a portfolio manager, Philip was an equity investment analyst at Capital covering U.K. property and paper & packaging companies, as well as European property and media companies. Before joining Capital, he was a director and U.K. equity fund manager at BZW Investment Management in London. Prior to that, he worked at Orion Royal Bank in London and New York.


Tenure Analysis

Category Low

0.76

Category High

4.54

Category Average

2.57

Category Mode

0.76