American Funds Capital Income Builder F1 (CIBFX) a Zacks Rank #1 (Strong Buy) was incepted in July 1987 and is managed by Capital Research and Management Company. The objective of CIBFX is to seek above-average current income, a growing stream of income and growth of capital. CIBFX invests at least 50% of assets in equity securities of large, established companies with proven records of increasing dividends. CIBFX also invests in preferred stocks, convertibles, bonds and cash. CIBFX may invest up to 40% of assets in securities of non U.S. issuers.
This Large Blend fund, as of the last filing, allocates their fund in five major groups; Foreign Stock, Large Value, Intermediate Bond, Foreign Bond and Large Growth. Further, as of the last filing, Philip Morris International (NYSE:PM), Verizon Communications (NYSE:VZ) and Altria Group (NYSE:MO), Inc were the top holdings for CIBFX.
American Funds Capital Income Builder F1, managed by American Funds, carries an expense ratio of 0.65%. Moreover, CIBFX requires a minimal initial investment of $250.
CIBFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5.09% and 5 year 5.85%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
CIBFX’s performance, as of the last filing, when compared to funds in its category was in the top 55% in 1 year, top 71% over the past 3 years, and in the 77% over the past 5 years.
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