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Detailed Fund Information

Capital Income Builder® (equity-income fund)

Class A shares

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Daily Prices

Updated April 17, 2014, 3:19PM Pacific time

Net Asset Value (NAV) $59.07
NAV Change $0.04
Maximum Offering Price (MOP) $62.67

(All prices are subject to revision.)

Historical Prices & Distributions

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Ticker Symbols & Fund Numbers

Fund Number 12
Ticker/Quotron Symbol CAIBX
CUSIP Number 140193 10 3

Fund Description

Fund Objective The fund has two primary investment objectives. It seeks (1) to provide a level of current income that exceeds the average yield on U.S. stocks generally and (2) to provide a growing stream of income over the years. The fund's secondary objective is to provide growth of capital.
Distinguishing Characteristics Strives to provide a growing dividend — with higher income distributions every quarter if possible — together with a current yield that exceeds that paid by U.S. stocks in general.
Types of Investments Normally, at least 50% of assets will be invested in common stocks of large, established companies with proven records of increasing dividends. May also invest in preferred stocks, convertibles, bonds and cash.
Non-U.S. Holdings May invest up to 50% of assets outside the U.S.
Portfolio Restrictions Normally, at least 90% of the fund's portfolio will be invested in income-producing securities.

Fund Facts

Minimum Initial Investment $250
Shareholder Accounts (aggregated for all share classes; updated monthly) 4,170,582
Regular Dividends Paid March, June, September, December
Capital Gains Paid December
Fund Inception July 30, 1987
Fiscal Year-End October

The months indicated for dividends and capital gains paid represent the anticipated current year ex-dividend date schedule for all share classes.

Returns & Expenses

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Results shown at net asset value have all distributions reinvested. If a sales charge had been deducted, the results would have been lower. Share price and return will vary, so investors may lose money. Investing for short periods makes losses more likely. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Returns with sales charge for Class A shares reflect payment of the 5.75% maximum sales charge at the beginning of the stated periods. Definitions and other important legal information about these prices and returns are shown below.

Rates of Return*

  Average Annual Total Returns
1 yr 3 yrs 5 yrs 10 yrs Fund Lifetime
March 31, 2014 (most recent month-end)
NAV 11.13% 9.26% 14.06% 7.19% 9.83%
With sales charge 4.76% 7.13% 12.71% 6.56% 9.59%
March 31, 2014 (most recent quarter-end)
NAV 11.13% 9.26% 14.06% 7.19% 9.83%
With sales charge 4.76% 7.13% 12.71% 6.56% 9.59%

Interactive Results Graphs

Expense Ratios

Capital Income Builder 0.61%
Lipper Income (Mixed Equity) Funds Average 1.05%

12-Month Distribution Rates

As of March 31, 2014 (updated monthly)

NAV 4.06%
With sales charge 3.82%

Annualized 30-Day SEC Yield

As of March 31, 2014 (updated monthly)

With sales charge 3.11%


Largest Industry Holdings

% of net assets as of March 31, 2014 (updated quarterly)

Diversified telecommunication services 8.1%
Pharmaceuticals 8.0%
Tobacco 7.6%
Oil, gas & consumable fuels 6.0%
Electric utilities 5.5%
Multi-utilities 4.7%
Real Estate Investment Trusts (REITs) 4.1%
Banks 3.9%
Insurance 3.5%
Semiconductors & semiconductor equipment 2.3%

Portfolio Summary

% of net assets as of March 31, 2014 (updated quarterly)

Cash & equivalents 3.9%
Federal Agency Mtg. Related Securities 2.5%
Government Agency Securities 1.0%
Mortgage-Backed Securities 0.5%
Mortgage- and Asset-Backed Securities 0.2%
Municipal Securities 0.1%
Non-U.S. Corporate Bonds 1.8%
Non-U.S. Government Bonds 0.1%
Stocks and Convertible Securities 81.1%
U.S. Corporate Bonds 4.9%
U.S. Treasuries 3.9%

Quality Summary

% of net assets as of March 31, 2014 (updated quarterly)

U.S. Treasuries/Agencies 4.9%
AAA/Aaa 3.1%
AA/Aa 0.9%
A 1.8%
BBB/Baa 2.7%
BB/Ba 0.9%
B 0.5%
CCC & Below 0.1%
Unrated 0.1%
Cash & equivalents 3.9%

as of March 31, 2014 (updated quarterly)

Average Life (years) 6.8
Average Duration (years) 4.7

Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor’s, Moody’s and/or Fitch, as an indication of an issuer’s creditworthiness. If agency ratings differ, the security will be considered to have received the highest of those ratings, consistent with the fund’s investment policies. Securities in the Unrated category have not been rated by a rating agency; however, the investment adviser performs its own credit analysis and assigns comparable ratings that are used for compliance with fund investment policies.

Portfolio Holdings

(updated quarterly, upon availability)

Asset Mix

as of March 31, 2014 (updated monthly)

U.S. Equities 37.7%
Non-U.S. Equities 43.4%
U.S. Bonds 13.1%
Non-U.S. Bonds 1.9%
Cash & Equivalents 3.9%

Geographic Breakdown

% of net assets as of March 31, 2014 (updated quarterly)

United States 50.8%
Europe 33.8%
Asia & Pacific Basin 9.7%
Other (Including Canada & Latin America) 1.8%
Cash & equivalents 3.9%

Assets and Portfolio Turnover (for fiscal years)

Fiscal Year Fund Assets (billions) Portfolio Turnover
2013 $89.1 69%
2012 $78.3 68%
2011 $74.3 47%
2010 $79.4 42%
2009 $77.1 43%

Assets shown are for combined share classes.

Largest Equity Holdings

Percent of net assets as of March 31, 2014 (updated monthly)



One of the world's largest tobacco companies. The group also owns a large interest in the global brewer SABMiller.


Philip Morris International

One of the world's largest international tobacco companies.



Major broadband and telecommunication services provider.



One of the world's largest pharmaceutical companies.


National Grid

Operates electricity networks in the U.K. and U.S.



Research-based biopharmaceutical company.



The world's largest biotechnology company.


Singapore Telecommunications

Telecommunications company primarily serving Singapore and Australia, with interests in other countries.



One of the U.K.'s largest gas and electricity companies.


Royal Dutch Shell

A global group of energy and oil companies.


Portfolio Managers

Number of years with American Funds or affiliates
Timothy D. Armour 31
L. Alfonso Barroso 19
Joyce E. Gordon 34
David A. Hoag 22
Darcy Kopcho 27
Winnie Kwan 14
James B. Lovelace 32
David M. Riley 19
Bradley J. Vogt 26

(as of the prospectus dated January 1, 2014)

The portfolio managers shown are reflected in the fund’s most recent prospectus.

Important Legal Information

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility, as more fully described in the prospectus. These risks may be heightened in connection with investments in developing countries.

The return of principal for the bond holdings in Capital Income Builder is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings.

* Investment results assume all distributions are reinvested and reflect applicable fees and expenses.

  When applicable, investment results reflect fee waivers and/or expense reimbursements, without which results would have been lower. Read details about how waivers and/or reimbursements affect the results for each fund.

Source for Lipper expense ratio comparison: Lipper, based on front-end load funds, excluding funds of funds, for the most recent fiscal year-ends available as of March 31, 2014. The fund’s expense ratio is as of the fund’s prospectus. The expense ratios do not reflect sales charges.

The SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities, while the distribution rate reflects the fund's past dividends paid to shareholders. Accordingly, the fund's SEC yield and distribution rate may differ.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses, summary prospectuses and CollegeAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. CollegeAmerica is distributed by American Funds Distributors® and sold through unaffiliated intermediaries.