- Investments in equity securities may incur significant losses due to fluctuation in equity values.
- Investments in debt securities are subject to interest rate risk, credit risk, and currency risk. Investments in bonds issued or guaranteed by governments may involve political, economic, default, or other risks.
- Investments in below investment grade or unrated debt securities are subject to higher liquidity, volatility, default and counterparty risk.
- The Fund uses derivative instruments for investment purposes, hedging and/or efficient portfolio management. In an adverse situation, derivative instruments may expose the Fund to a risk of significant loss.
- The Fund may at its discretion pay dividends out of and/or effectively out of capital. This amounts to a return of part of an investor’s original investment or distribution of capital gains. This may result in an immediate reduction in the net asset value per share.
- Currency hedging for currency-hedged share classes may neither be fully effective nor achieve a precise hedge.
- Investors should not make any investment decision solely based on this document.
KEY BENEFITS
A multi-asset fund for investors with a lower risk appetite
Capital Group Capital Income Builder (LUX) offers a defensive approach to income and growth by investing primarily in higher quality, lower risk income-generating equity and fixed income investments.
Durable income
The fund looks beyond conventional income sources to seek a steady income stream across different market conditions.
Diversified opportunities
By combining income and growth opportunities across geographies, sectors, and asset classes, the fund seeks defensive strength alongside long‑term capital appreciation potential.
Seeking dependable outcomes
The fund aims to achieve stable growth over the long-term while providing resilience during market volatility.
WHY INVEST IN THIS FUND
Built for income in a complex world
As the outlook for cash yields remains uncertain and market volatility persists, investors need portfolios designed for resilience. Capital Income Builder is a global multi-asset income strategy built to help navigate this complexity, seeking steadier income and smoother long-term outcomes for investors who value stability across changing market conditions.
The experience to deliver
The investment team behind this fund
Aline Avzaradel
Portfolio Manager
San Francisco office
Years of CG Experience: 21
Alfonso Barroso
Portfolio Manager
London office
Years of CG Experience: 31
Grant Cambridge
Portfolio Manager
Los Angeles office
Years of CG Experience: 29
Charles Ellwein
Portfolio Manager/Investment Analyst
San Francisco office
Years of CG Experience: 20
David Hoag
Fixed Income Portfolio Manager
West Los Angeles office
Years of CG Experience: 34
Saurav Jain
Portfolio Manager/Analyst
London office
Years of CG Experience: 18
Winnie Kwan
Equity Portfolio Manager
Hong Kong office
Years of CG Experience: 26
Jim Lovelace
Equity Portfolio Manager
Los Angeles office
Years of CG Experience: 44
Fergus MacDonald
Portfolio Manager
West Los Angeles office
Years of CG Experience: 22
Dimitrije Mitrinovic
Equity Portfolio Manager
New York office
Years of CG Experience: 18
Andrea Montero
Fixed Income Portfolio Manager
New York office
Years of CG Experience: 13
William Robbins
Equity Portfolio Manager
San Francisco office
Years of CG Experience: 31
Brian Wong
Portfolio Manager
West Los Angeles office
Years of CG Experience: 11
Research Portfolio
Research analysts are allocated part of the fund assets to manage
WHY CAPITAL GROUP
Capital Group is the world's largest multi-asset manager2 with a 50-year history of multi-asset investing.
Global investing credentials
Data as of 31 December 2025
High conviction investments. Diverse perspectives.
The Capital SystemTM combines independent, high-conviction decision-making with the diversity that comes from multiple perspectives.
We believe ESG is key to successful investing. So we consider environmental, social and governance issues before we invest.
Explore insights to help you navigate today's market
Find out more about what this fund has to offer
To find out more, talk to your financial adviser, or visit our How To Subscribe page.
2. Source: Morningstar Direct as at 31 December 2025. Data includes Worldwide Open Ended Funds and ETFs; money market, fund of funds and feeder funds are excluded.
Glossary:
- Capital appreciation / gain: The difference between an asset’s adjusted purchase price and selling price when the difference is positive.
- Dividend yield: Dividend yield represents the ratio of dividends paid over the last 12 months to the net asset value as of the last month end. However, an annualised dividend yield is calculated on the basis of the most recent dividend payment when, in the last 12 months,
- a share class has been launched for the first time or
- a share class changed its dividend payment frequency or
- the dividend payment frequency was modified as a result of a corporate event (for instance a special dividend distribution or a closure and relaunch of the share class). - Downside protection / resilience: An investment position that seeks to reduce the frequency and/or magnitude of capital losses resulting from the decline of a stock or a fall in the overall market.
- Equity: Shares of ownership in a company.
- Excess returns: Returns achieved above and beyond returns of a proxy, such as an index. Also called relative return.
- Fyd: “fyd” are share classes with a variable dividend based on a fixed percentage of the Net Asset Value per Share. It may exceed the gross investment income (i.e. net of withholding taxes but gross of expenses) of such classes. The payment of dividend in this manner implies that any payment in excess of the net investment income may include capital gains and/or payments out of capital. The fixed percentage applied is intended to achieve a predictable annual dividend yield, which is subject to the Management Company's discretion.
- M: “m” are share classes where dividends will be distributed monthly.
- Multi-asset strategy: Strategies that invest in a mix of equities and bonds.
- Rolling returns: Average annualised returns for a specified period (e.g. five years, 10 years) on any chosen frequency (e.g. daily, weekly, monthly) and till the last day of the chosen duration.
Risk factors you should consider before investing:
- This material is not intended to provide investment advice or be considered a personal recommendation.
- The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment.
- Past results are not a guarantee of future results.
- If the currency in which you invest strengthens against the currency in which the underlying investments of the fund are made, the value of your investment will decrease. Currency hedging seeks to limit this, but there is no guarantee that hedging will be totally successful.
- Some portfolios may invest in financial derivative instruments for investment purposes, hedging and/or efficient portfolio management.
- The Prospectus - together with locally required offering documentation - sets out risks which, depending on the fund, may include risks associated with investing in fixed income, derivatives, emerging markets and/or high-yield securities; emerging markets are volatile and may suffer from liquidity problems.