Capital Group Funds (Canada)
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Capital Income Builder — Series  
Portfolio data as of October 31, 2019 (updated monthly)
Investment Objective
The fund has two primary investment objectives. It seeks to provide (1) a level of current income that exceeds the average yield on U.S. stocks generally and (2) a growing stream of income over the years (in both cases, measured in U.S. dollars). The fund's secondary objective is to provide growth of capital. The fund invests primarily in a broad range of income-producing securities, including common stocks and bonds.
Fund Description
A global focus on income
Emphasis on above-average and growing income from a broad range of income-producing securities.

Introducing Capital Income Builder

Pursuing above-average and growing income from around the world.

Returns (%)
  1 month YTD 1 year* Lifetime* Lifetime (cumulative)
*Annualized compound returns.
Portfolio information
Fund assets ($mil) combined series $206.2
Yield1 3.4%
Companies / issuers   358
Income distributions paid   Mar, Jun, Sep, Dec
Capital gains paid   December
Portfolio turnover   —  
Trading expense ratio   —  
Sector diversification
Equity 69.9%
Financials 10.1%
Health care 9.1%
Consumer staples 8.3%
Information technology 7.8%
Utilities 7.0%
Energy 6.4%
Real estate 6.0%
Industrials 5.2%
Communication services 4.4%
Consumer discretionary 3.2%
Materials 2.4%
Bonds 25.1%
Government 14.6%
Corporate 5.8%
Mortgage backed 2.9%
Inflation-linked 1.5%
Asset backed 0.3%
Cash and cash equivalents
  & other assets less liabilities
5.0%
Total portfolio 100.0%
Portfolio characteristics
 
FundSERV
MER1
Fund inception
Minimum initial investment
Portfolio managers
Years with Capital / Years in profession
Alfonso Barroso 24 / 24
Grant L. Cambridge 22 / 26
Joyce E. Gordon 43 / 38
David A. Hoag 27 / 31
Winnie Kwan 19 / 22
James B. Lovelace 37 / 37
Fergus N. MacDonald 15 / 26
David M. Riley 24 / 24
Bradley J. Vogt 31 / 31
Steven T. Watson 29 / 31
Philip Winston 22 / 34
Top 10 holdings
United States government bond (USD) 14.5%
Abbvie (equity) 2.2%
Broadcom (equity) 1.9%
Fannie Mae (USD) 1.8%
Coca-Cola (equity) 1.8%
Royal Dutch Shell PLC (equity) 1.8%
Amgen (equity) 1.7%
Novartis (equity) 1.6%
Microsoft (equity) 1.6%
Zurich (equity) 1.6%
Total top 10 holdings 30.5%
Geographic diversification
  Equity Bonds Portfolio
United States 35.9% 23.4% 59.3%
Europe ex-UK 12.6% 0.4% 13.0%
United Kingdom 9.6% 0.5% 10.1%
Pacific Basin ex-Japan 4.0% 0.1% 4.1%
Canada 3.7% 0.4% 4.1%
Emerging Markets 2.6% 0.1% 2.7%
Japan 1.5% 0.1% 1.6%
Other 0.0% 0.1% 0.1%
Cash and cash equivalents
  & other assets less liabilities
5.0%
Total portfolio 100.0%
1 Reflects a weighted yield that includes a dividend yield for equities and yield to workout for bonds.
2
Capital Group, at its discretion, currently waives some of its management fees or absorbs some expenses of certain Capital Group funds. Such waivers and absorptions may be terminated at any time, but can be expected to continue for certain portfolios until such time as such funds are of sufficient size to reasonably absorb all management fees and expenses incurred in their operations.
The management expense ratios for the portfolios are based on unaudited total expenses for the six months ended June 30, 2019 and are expressed as an annualized percentage of daily average net assets during the period. Actual MERs may vary. The following lists the management expense ratios for Capital Group Capital Income Builder (Canada) before waivers or absorptions for the six months ended June 30, 2019: Series A, 2.15%; Series F, 1.01%; Series AH, 2.25%; Series FH, 1.10%; Series I, 0.21%.
Not available to U.S. residents.
Updated on a monthly basis.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their value changes frequently and past performance may not be repeated.
Alfonso Barroso
Years at Capital: 24
Years in profession: 24
Based in London
Alfonso Barroso is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). Earlier in his career, as an equity investment analyst at Capital, Alfonso covered retail companies in Europe and Latin America, European real-estate and REITs, and European internet and telecommunication services. Alfonso 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 economics and Hispanic studies from Harvard University. Alfonso is based in London.
Grant L. Cambridge
Years at Capital: 22
Years in profession: 26
Based in Los Angeles
Grant L. Cambridge is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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 midcap 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 College. Grant is based in Los Angeles.
Joyce E. Gordon
Years at Capital: 43
Years in profession: 38
Based in Los Angeles
Joyce E. Gordon is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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 A. Hoag
Years at Capital: 27
Years in profession: 31
Based in Los Angeles
David A. Hoag is a fixed income portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). He also serves on the Fixed Income Management Committee. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. Prior to joining Capital, David worked as a municipal bond analyst for Van Kampen Merritt Investment Advisory Corp. in Lisle, Illinois. He holds an MBA in finance from the University of Chicago Booth School of Business and a bachelor's degree in economics and business from Wheaton College, Illinois. David is based in Los Angeles.
Winnie Kwan
Years at Capital: 19
Years in profession: 22
Based in Hong Kong
Winnie Kwan is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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.
James B. Lovelace
Years at Capital: 37
Years in profession: 37
Based in Los Angeles
James B. Lovelace is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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.
Fergus N. MacDonald
Years at Capital: 15
Years in profession: 26
Based in Los Angeles
Fergus N. MacDonald is a fixed income portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). He also serves on the Fixed Income Management Committee. Earlier in his career at Capital, he was a fixed income investment analyst covering mortgage-backed securities. Prior to joining Capital, he was a vice president at Goldman Sachs & Co. and an associate in the derivative products group at Morgan Stanley. Before that, Fergus was a consultant and actuary at Hewitt Bacon & Woodrow in London. He holds a graduate degree in applied mathematics and theoretical physics from Cambridge University and a bachelor's degree with first-class honors in mathematics from the Imperial College of Science Technology and Medicine. Fergus is based in Los Angeles.
David M. Riley
Years at Capital: 24
Years in profession: 24
Based in London
David M. Riley is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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.
Bradley J. Vogt
Years at Capital: 31
Years in profession: 31
Based in Washington, D.C.
Bradley J. Vogt is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). He is chairman of Capital Research Company and serves on the Capital Group Companies Management Committee. Earlier in his career, as an equity investment analyst at Capital, he covered environmental services, U.S. telecommunications and cable & satellite TV companies. Brad 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 in international politics and economics from Wesleyan University. Brad is based in Washington, D.C.
Steven T. Watson
Years at Capital: 29
Years in profession: 31
Based in Hong Kong
Steven T. Watson is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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, Steve 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, a master's degree in French studies from New York University Institute of French Studies and a bachelor's degree in French from the University of Massachusetts graduating cum laude. He also studied Mandarin Chinese at Wuhan University and the Shanghai Foreign Language Institute in China. Steve is based in Hong Kong.
Philip Winston
Years at Capital: 22
Years in profession: 34
Based in London
Philip Winston is an equity portfolio manager at Capital Group and one of the managers of Capital Group Capital Income Builder (Canada). 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. He holds a PhD and a master's degree in history from Cambridge University. Philip is based in London.
Capital Group funds and Capital International Asset Management (Canada), Inc., are part of Capital Group, a global investment management firm originating in Los Angeles, California in 1931. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Distributions
   
2019 YTD Income
  Capital gains
  Total
2018 Income
  Capital gains
  Total
Historical Prices & Distributions
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Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.