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, Verizon Communications and Altria Group, 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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