American Funds Capital Income Builder Class 529-A (CIRAX)
American Funds Capital Income Builder Class 529-A operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $84.63, up 0.09% on the session, giving a market capitalisation of $128.97B. Its beta of 0.88 implies it has historically moved less than the broad market.
This fund typically allocates a minimum of 90% of its capital to income-generating securities. Within this allocation, at least 50% is specifically earmarked for common stocks and other equity instruments. The portfolio broadly encompasses a diverse array of income-producing assets, including both stocks and bonds. Its primary objective is to furnish investors with a current income stream that surpasses the average yield available from U.S. stocks; to achieve this, the fund generally references the average yield of companies listed on the S&P 500 Index.
American Funds Capital Income Builder Class 529-A is most often compared with the following Financial Services names: