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FUND OVERVIEW An overview of Capital Group Capital Income Builder (Canada) An overview of the mandate's endowment-like approach and stringent eligibility process, as well as the representative account’s track record of growing dividends and the composite’s results. |
Capital Group Funds (Canada)
- Summary
- Portfolio managers
- Distributions
Monthly Fund Data (PDF)
Quarterly Holdings (PDF)
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.
Emphasis on above-average and growing income from a broad range of income-producing securities.
Returns
Growth of $10,000 since inception (Series F)
Returns include reinvestment of all distributions and do not reflect the effect of a sales charge. Past returns are not predictive of future returns.
| Returns (%) | Series F | Series F4 | |
| 1 month | 2.04 | 2.04 | |
| YTD | 3.83 | 3.83 | |
| 1 year* | 7.49 | 7.47 | |
| 3 years* | 7.02 | — | |
| Lifetime* | 6.25 | 6.87 | |
| Lifetime (cumulative) | 31.34 | 17.42 | |
| 2022 | -1.14 | -1.15 | |
| 2021 | 13.48 | 13.48 | |
| 2020 | 0.50 | — | |
| 2019 | 10.41 | — |
*Annualized compound returns.
Portfolio information
| Fund assets ($mil) combined series | $410.4 | |
| Portfolio yield1 | 4.5% | |
| Companies / issuers | 495 | |
| Portfolio turnover (2022) | 58% | |
| Trading expense ratio2 | 0.06% | |
Sector diversification
| Equity | 75.0% |
| Financials | 12.5% |
| Health care | 9.7% |
| Consumer staples | 9.7% |
| Industrials | 7.8% |
| Information technology | 6.8% |
| Utilities | 6.6% |
| Real estate | 6.4% |
| Energy | 6.0% |
| Consumer discretionary | 3.5% |
| Communication services | 3.2% |
| Materials | 2.8% |
| Bonds | 20.6% |
| Government | 7.6% |
| Mortgage backed | 6.9% |
| Corporate | 4.2% |
| Inflation-linked | 1.1% |
| Asset backed | 0.8% |
| Cash and cash equivalents & other assets less liabilities |
4.4% |
| Total portfolio | 100.0% |
Portfolio characteristics
| Series F | Series F4 | |
| FundSERV | CIF 123 | CIF 8123 |
| MER3 | 0.97% | 0.99% |
| Fund inception | Oct 31, 2018 | Nov 30, 2020 |
| Minimum initial investment | $500 | $5,000 |
| Income distributions paid | Mar, Jun, Sep, Dec | December |
| Return of capital paid4 | — | Monthly |
| Capital gains paid | December | December |
| 12-month distribution rate5 | 3.2% | — |
Portfolio managers
| Years with Capital / Years in profession | |
| Aline Avzaradel | 18 / 20 |
| Alfonso Barroso | 28 / 28 |
| Grant L. Cambridge | 26 / 30 |
| Charles E. Ellwein | 17 / 26 |
| David A. Hoag | 31 / 35 |
| Winnie Kwan | 23 / 26 |
| James B. Lovelace | 41 / 41 |
| Fergus N. MacDonald | 19 / 30 |
| Caroline Randall | 17 / 25 |
| Bradley J. Vogt | 35 / 35 |
| Steven T. Watson | 33 / 35 |
| Philip Winston | 26 / 38 |
Top 10 holdings
| United States government bond (USD) | 7.5% |
| Fannie Mae (USD) | 4.0% |
| Broadcom (equity) | 3.0% |
| AbbVie (equity) | 2.2% |
| Philip Morris International (equity) | 2.2% |
| Raytheon Technologies (equity) | 1.8% |
| Microsoft (equity) | 1.7% |
| VICI Properties (equity) | 1.6% |
| Zurich (equity) | 1.5% |
| British American Tobacco (equity) | 1.5% |
| Total top 10 holdings | 27.0% |
Quarterly holdings (PDF)
Geographic diversification
| Equity | Bonds | Portfolio | ||
| United States | 41.2% | 19.7% | 60.9% | |
| Europe ex-UK | 12.9% | 0.2% | 13.1% | |
| United Kingdom | 6.3% | 0.2% | 6.5% | |
| Emerging Markets | 5.5% | 0.3% | 5.8% | |
| Canada | 3.5% | 0.2% | 3.7% | |
| Pacific Basin ex-Japan | 3.4% | 0.0% | 3.4% | |
| Japan | 2.0% | 0.0% | 2.0% | |
| Other | 0.2% | 0.0% | 0.2% | |
| Cash and cash equivalents & other assets less liabilities |
4.4% | |||
| Total portfolio | 100.0% | |||
Bond quality summary
| % of Bonds | |
| AAA/Aaa | 6.5 |
| AA/Aa | 71.2 |
| A | 6.5 |
| BBB/Baa | 11.1 |
| BB/Ba | 1.9 |
| B | 0.6 |
| CCC/Caa & below | — |
| Unrated | 2.1 |
| Investment grade | 95.3 |
| Below investment grade | 2.5 |
| 1 | Reflects a weighted yield that includes a dividend yield for equities and yield to worst for bonds. |
| 2 | As of December 31, 2022. |
| 3 |
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 audited total expenses for the 12-month period ended December 31, 2022, 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 12-month period ended December 31, 2022: Series A, 2.07%; Series F, 0.97%; Series T4, 2.14%; Series F4, 0.99%; Series AH, 2.19%; Series FH, 1.05%; Series I, 0.17%.
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| 4 | Payable on Series T4 and F4 only. |
| 5 | Reflects the sum of income distributions over the trailing 12 months, divided by the sum of the previous month's ending NAV plus any capital gains distributed over the 12-month period. |
| 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. | |
Aline Avzaradel
Years at Capital: 18
Years in profession: 20
Based in San Francisco
Aline Avzaradel is an equity portfolio manager at Capital Group. As an equity analyst, she covers U.S. insurance companies. Earlier in her career at Capital, her coverage included the apparel industry, nonalcoholic beverages and packaged food companies. Prior to joining Capital, Aline was an investment banking analyst with Morgan Stanley in New York. She holds an MBA from Stanford Graduate School of Business and a bachelor’s degree in economics and mathematics from Barnard College graduating summa cum laude and Phi Beta Kappa.
Alfonso Barroso
Years at Capital: 28
Years in profession: 28
Based in London
Alfonso Barroso is an equity portfolio manager at Capital Group. 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 honours in economics and Hispanic studies from Harvard University.
Grant L. Cambridge
Years at Capital: 26
Years in profession: 30
Based in Los Angeles
Grant L. Cambridge is an equity portfolio manager at Capital Group. 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.
Charles E. Ellwein
Years at Capital: 17
Years in profession: 26
Based in San Francisco
Charles E. Ellwein is an equity portfolio manager at Capital Group. As an equity investment analyst, he covers U.S. commercial & professional services and Canada as a generalist. Earlier in his career at Capital, he also covered U.S. Exchanges and global telecom equipment. Prior to joining Capital, he was a managing member at Farallon Capital Management in San Francisco responsible for investments in the technology and media sectors. He holds an MBA with honours from Stanford Graduate School of Business and a bachelor’s degree with honours in electrical engineering from Brown University.
David A. Hoag
Years at Capital: 31
Years in profession: 35
Based in Los Angeles
David A. Hoag is a fixed income portfolio manager at Capital Group. 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.
Winnie Kwan
Years at Capital: 23
Years in profession: 26
Based in Hong Kong
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.
James B. Lovelace
Years at Capital: 41
Years in profession: 41
Based in Los Angeles
James B. Lovelace is an equity portfolio manager at 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 honours 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.
Fergus N. MacDonald
Years at Capital: 19
Years in profession: 30
Based in Los Angeles
Fergus N. MacDonald is a fixed income portfolio manager at Capital Group. 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 honours in mathematics from the Imperial College of Science Technology and Medicine.
Caroline Randall
Years at Capital: 17
Years in profession: 25
Based in London
Caroline Randall is a portfolio manager at Capital Group. She also serves on the Capital Group Management Committee. Earlier in her career at Capital, as an equity investment analyst, she covered European utilities and transportation companies. Prior to joining Capital, she was head of European utilities research at J.P. Morgan. Before that, she was an analyst with Schroder Securities and an associate in investment banking at Deutsche Bank. She holds both a master’s and bachelor’s degree in economics from the University of Cambridge.
Bradley J. Vogt
Years at Capital: 35
Years in profession: 35
Based in Washington, D.C.
Bradley J. Vogt is an equity portfolio manager at Capital Group. He also serves on the Capital Solutions Group Investment 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.
Steven T. Watson
Years at Capital: 33
Years in profession: 35
Based in Hong Kong
Steven T. Watson is an equity portfolio manager at Capital Group. 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.
Philip Winston
Years at Capital: 26
Years in profession: 38
Based in London
Philip Winston is an equity portfolio manager at Capital Group. 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.
| 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
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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. |