American Funds Capital Income Builder Class 529-A (CIRAX) NASDAQ

78.53

+0.41(+0.52%)

Updated at September 08 08:05AM

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American Funds Capital Income Builder Class 529-A

Address

Los Angeles CA 90071

Los Angeles, CA 90071

United States of America

Phone

213-486-9200

Website

N/A

Sector

Financial Services

Industry

Asset Management - Income

Employees

N/A

First IPO Date

February 19, 2002

Key Executives

N/A

Description

The fund normally will invest at least 90% of its assets in income-producing securities (with at least 50% of its assets in common stocks and other equity securities). It invests primarily in a broad range of income-producing securities, including common stocks and bonds. In seeking to provide the investors with a level of current income that exceeds the average yield on U.S. stocks, the fund generally looks to the average yield on stocks of companies listed on the S&P 500 Index.