American Funds Capital Income Builder (RIRGX) is a publicly traded company in the Financial Services sector, operating within the Asset Management - Income industry. The company is headquartered in Los Angeles, CA, United States.
RIRGX has IPO date of 2009-05-01, listed on the NASDAQ, a market capitalization of $121.84B.
American Funds Capital Income Builder is an investment fund that allocates at least 90% of its assets to income-producing securities, with a minimum of 50% invested in common stocks and equity securities. The fund pursues a diversified strategy by investing across a broad range of income-producing assets, including equities and bonds, with the objective of generating current income levels that exceed the average yield of U.S. stocks. The fund uses the S&P 500 Index as a benchmark to target yields above the average performance of large-capitalization U.S. companies.
