American Funds Capital Income Builder (RIRGX)
American Funds Capital Income Builder operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $84.65, up 0.08% on the session, giving a market capitalisation of $128.16B. 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 assets that generate income, ensuring that common stocks and other equity instruments constitute at least 50% of its overall portfolio. Its core strategy involves diversifying across a broad spectrum of income-bearing securities, prominently including both equities and fixed-income bonds. The fund aims to provide investors with a current income stream that exceeds the average yield of U.S. stocks, often benchmarking its income target against the average yield of companies within the S&P 500 Index.
American Funds Capital Income Builder is most often compared with the following Financial Services names: