On Sept. 1, 2021, American Funds announced that David Riley, portfolio manager of American Funds Capital Income Builder CAIBX since 2004, will step down immediately from his duties and retire from the firm at the end of the year. The loss of a veteran manager is significant, and this abrupt departure is out of the norm for the firm, which typically has gradual manager transitions. That said, the fund still boasts a number of highly experienced investors at the helm, and its People rating remains Above Average.
American Funds Capital Income Bldr 529F CIRFX
NAV / 1-Day Return
68.67
/
0.25
%
Total Assets
110.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.640%
Expense Ratio
0.640%
Fee Level
Low
Longest Manager Tenure
30.07
years
Category
World Allocation
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
3.28%
Turnover
41%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CIRFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CIRFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CIRFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CIRFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A Large, Capable Team Cushions the Impact of a Sudden Manager Departure
