# EDGAR Filing Document

**Accession Number:** 0000811968
**File Stem:** 0001193125-26-005753
**Filing Date:** 2026-1
**Character Count:** 472740
**Document Hash:** d5096e3ac73fc282c306423cce32620c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-005753.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001193125-26-005753

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 60

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**EFFECTIVENESS DATE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAPITAL INCOME BUILDER
- **CENTRAL INDEX KEY:** 0000811968

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05085
- **FILM NUMBER:** 26514574

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST - 55TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL INCOME BUILDER INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL INCOME BUILDER FUND
- **DATE OF NAME CHANGE:** 19870628

## Series and Classes Contracts Data

### CAPITAL INCOME BUILDER (Series ID: S000009000)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000024463 | Class A       | CAIBX           |
| C000024464 | Class R-1     | RIRAX           |
| C000024465 | Class R-2     | RIRBX           |
| C000024466 | Class R-3     | RIRCX           |
| C000024467 | Class R-4     | RIREX           |
| C000024468 | Class R-5     | RIRFX           |
| C000024470 | Class C       | CIBCX           |
| C000024471 | Class F-1     | CIBFX           |
| C000024472 | Class 529-A   | CIRAX           |
| C000024474 | Class 529-C   | CIRCX           |
| C000024475 | Class 529-E   | CIREX           |
| C000024476 | Class 529-F-1 | CIRFX           |
| C000068596 | Class F-2     | CAIFX           |
| C000077881 | Class R-6     | RIRGX           |
| C000148440 | Class R-2E    | RCEEX           |
| C000164810 | Class R-5E    | RIRHX           |
| C000180006 | Class F-3     | CFIHX           |
| C000189418 | Class 529-T   | TCBBX           |
| C000189419 | Class T       | TCIBX           |
| C000224565 | Class 529-F-2 | FBCIX           |
| C000224566 | Class 529-F-3 | FWCBX           |

?xml version='1.0' encoding='ASCII'? 6c5fd46a-6b30-4ae0-a683-72d9570ae1a8

#### UNITED STATES

#### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

------

#### FORM N-CSR

------

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number

#### 811-05085

#### Capital Income Builder
(Exact name of registrant as specified in charter)

------

333 South Hope Street, 55th Floor

Los Angeles, California 90071

(Address of principal executive offices)

Gregory F. Niland

5300 Robin Hood Rd.

Norfolk, VA 23513

(Name and address of agent for service)

#### Registrant's telephone number, including area code:
&nbsp;&nbsp;&nbsp;&nbsp;(949) 975-5000

#### Date of fiscal year end:

#### October 31

#### Date of reporting period:

#### October 31, 2025
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class A \| CAIBX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$63 | 0.58% |

---

#### Management's discussion of fund performance
The fund's Class A shares gained 15.52% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-A.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477768.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class A (with sales charge)\* | 8.86% | 9.73% | 6.58% |
| Capital Income Builder — Class A (without sales charge)\* | 15.52% | 11.04% | 7.21% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-A.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFAAARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class C \| CIBCX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$142 | 1.32% |

---

#### Management's discussion of fund performance
The fund's Class C shares gained 14.65% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-C.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477812.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class C (with sales charge)\* | 13.65% | 10.21% | 6.56% |
| Capital Income Builder — Class C (without sales charge)\* | 14.65% | 10.21% | 6.56% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-C.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFCCARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class T \| TCIBX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$35 | 0.32% |

---

#### Management's discussion of fund performance
The fund's Class T shares gained 15.81% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477636.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class T (with sales charge)2 | 12.90% | 10.75% | 7.35% |
| Capital Income Builder — Class T (without sales charge)2 | 15.81% | 11.31% | 7.67% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.84% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 8.97% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | 1.86% |

---

<sup>1</sup> Class T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFTTARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class F-1 \| CIBFX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$69 | 0.64% |

---

#### Management's discussion of fund performance
The fund's Class F-1 shares gained 15.44% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F1.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477856.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class F-1\* | 15.44% | 10.97% | 7.14% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF1ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class F-2 \| CAIFX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$40 | 0.37% |

---

#### Management's discussion of fund performance
The fund's Class F-2 shares gained 15.77% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F2.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477900.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class F-2\* | 15.77% | 11.28% | 7.44% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF2ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class F-3 \| CFIHX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$28 | 0.26% |

---

#### Management's discussion of fund performance
The fund's Class F-3 shares gained 15.89% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-F3.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477548.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class F-32 | 15.89% | 11.40% | 7.95% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.96% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 9.07% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | 1.93% |

---

<sup>1</sup> Class F-3 shares were first offered on January 27, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-F3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFF3ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-A \| CIRAX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529A. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$65 | 0.60% |

---

#### Management's discussion of fund performance
The fund's Class 529-A shares gained 15.48% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529A.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477944.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class 529-A (with sales charge)\* | 11.43% | 10.21% | 6.78% |
| Capital Income Builder — Class 529-A (without sales charge)\* | 15.48% | 11.00% | 7.16% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529A.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5AARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-C \| CIRCX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529C. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$147 | 1.37% |

---

#### Management's discussion of fund performance
The fund's Class 529-C shares gained 14.60% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529C.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477064.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class 529-C (with sales charge)\* | 13.60% | 10.16% | 6.75% |
| Capital Income Builder — Class 529-C (without sales charge)\* | 14.60% | 10.16% | 6.75% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529C.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5CARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-E \| CIREX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$90 | 0.84% |

---

#### Management's discussion of fund performance
The fund's Class 529-E shares gained 15.22% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529E.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477152.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class 529-E\* | 15.22% | 10.74% | 6.92% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5EARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-T \| TCBBX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$40 | 0.37% |

---

#### Management's discussion of fund performance
The fund's Class 529-T shares gained 15.75% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures reflect deduction of the maximum sales charge and assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477592.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class 529-T (with sales charge)2 | 12.85% | 10.70% | 7.30% |
| Capital Income Builder — Class 529-T (without sales charge)2 | 15.75% | 11.26% | 7.62% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.84% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 8.97% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | 1.86% |

---

<sup>1</sup> Class 529-T shares were first offered on April 7, 2017.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5TARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-F-1 \| CIRFX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$47 | 0.44% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-1 shares gained 15.65% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F1.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477108.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class 529-F-1\* | 15.65% | 11.18% | 7.37% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5FARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-F-2 \| FBCIX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$38 | 0.35% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-2 shares gained 15.77% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F2.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477680.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class 529-F-22 | 15.77% | 11.29% | 11.28% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 14.60% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 10.10% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | (0.24)% |

---

<sup>1</sup> Class 529-F-2 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5XARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class 529-F-3 \| FWCBX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-529F3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$33 | 0.31% |

---

#### Management's discussion of fund performance
The fund's Class 529-F-3 shares gained 15.82% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-529F3.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477724.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class 529-F-32 | 15.82% | 11.33% | 11.32% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 14.60% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 10.10% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | (0.24)% |

---

<sup>1</sup> Class 529-F-3 shares were first offered on October 30, 2020.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-529F3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF5YARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-1 \| RIRAX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R1. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$145 | 1.35% |

---

#### Management's discussion of fund performance
The fund's Class R-1 shares gained 14.62% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R1.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477196.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-1\* | 14.62% | 10.19% | 6.38% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R1.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR1ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-2 \| RIRBX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$145 | 1.35% |

---

#### Management's discussion of fund performance
The fund's Class R-2 shares gained 14.62% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477240.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-2\* | 14.62% | 10.19% | 6.38% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R2.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR2ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-2E \| RCEEX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R2E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$114 | 1.06% |

---

#### Management's discussion of fund performance
The fund's Class R-2E shares gained 14.95% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R2E.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477460.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-2E\* | 14.95% | 10.51% | 6.70% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R2E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MF2EARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-3 \| RIRCX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R3. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$98 | 0.91% |

---

#### Management's discussion of fund performance
The fund's Class R-3 shares gained 15.14% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R3.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477284.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-3\* | 15.14% | 10.68% | 6.85% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R3.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR3ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-4 \| RIREX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R4. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$66 | 0.61% |

---

#### Management's discussion of fund performance
The fund's Class R-4 shares gained 15.47% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R4.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477328.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-4\* | 15.47% | 11.01% | 7.17% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R4.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR4ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-5E \| RIRHX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5E. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$44 | 0.41% |

---

#### Management's discussion of fund performance
The fund's Class R-5E shares gained 15.71% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5E.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477504.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**Since inception<sup>1</sup>** |
| Capital Income Builder — Class R-5E2 | 15.71% | 11.24% | 7.53% |
| MSCI ACWI (All Country World Index)3 | 22.64% | 14.61% | 11.38% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index3 | 17.57% | 10.10% | 8.67% |
| Bloomberg U.S. Aggregate Index3 | 6.16% | (0.24)% | 1.96% |

---

<sup>1</sup> Class R-5E shares were first offered on November 20, 2015.

<sup>2</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>3</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R5E.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFE5ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-5 \| RIRFX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R5. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$33 | 0.31% |

---

#### Management's discussion of fund performance
The fund's Class R-5 shares gained 15.86% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R5.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477372.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-5\* | 15.86% | 11.35% | 7.50% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R5.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR5ARX-012-1225© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2323.jpg)

ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class R-6 \| RIRGX** for the year ended October 31, 2025

This annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to October 31, 2025. You can find additional information about the fund at

capitalgroup.com/mutual-fund-literature-R6. You can also request this information by contacting us at (800) 421-4225.

**What were the fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$28 | 0.26% |

---

#### Management's discussion of fund performance
The fund's Class R-6 shares gained 15.89% for the year ended October 31, 2025. That result compares with a 17.57% gain for the 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index. For information on returns for additional periods, including the fund lifetime, please refer to

capitalgroup.com/mutual-fund-returns-R6.

#### What factors influenced results
Global equities delivered robust gains amid moderating inflation and supportive monetary policies. All major regions posted strong returns, led by emerging markets. U.S. equities advanced on solid tech earnings and large-cap growth but slightly lagged its global peers. The Federal Reserve's October 2025 rate cut reinforced optimism, but fiscal concerns kept long-term yields elevated. Bond markets were volatile, with short-term yields falling due to policy easing and long-term yields rising on inflation and fiscal pressures.

Aside from the materials sector, all other sectors delivered positive returns for the fund with information technology, financials and industrials being particularly additive. U.S.-based companies, which represent over half of the portfolio, posted gains but lagged the fund's overall results. The fund's bond holdings also had positive returns, while helping support the fund's income objective and maintaining a measure of stability during periods of stock market volatility.

Conversely, the materials sector was a significant detractor from overall results. On a country basis, holdings in Denmark, India and Kazakhstan were among the most notable detractors from portfolio results.

#### How a hypothetical $10,000 investment has grown
Figures assume reinvestment of dividends and capital gains.

![Fund Performance - Growth of 10K](chartimages_1477416.jpg)

#### Average annual total returns

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**1 year** | &nbsp;&nbsp;**5 years** | &nbsp;&nbsp;**10 years** |
| Capital Income Builder — Class R-6\* | 15.89% | 11.40% | 7.55% |
| MSCI ACWI (All Country World Index)† | 22.64% | 14.61% | 11.31% |
| 70%/30% MSCI All Country World Index/Bloomberg U.S. Aggregate Index† | 17.57% | 10.10% | 8.61% |
| Bloomberg U.S. Aggregate Index† | 6.16% | (0.24)% | 1.90% |

---

<sup>\*</sup> Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower.

<sup>†</sup> Results assume all distributions are reinvested. Any market index shown is unmanaged, and therefore, has no expenses. Investors cannot invest directly in an index. Source(s): MSCI and Bloomberg Index Services Ltd.

**The fund's past performance is not a predictor of its future performance.** The line chart and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $119135 |
| Total number of portfolio holdings | 2429 |
| Total advisory fees paid (in millions) | $249 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 50% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 34% |

---

**Portfolio holdings by sector** (percent of net assets)

\*Includes derivatives.

Availability of additional information

Additional information about the fund, including its prospectus, financial information, holdings, and proxy voting information is available at

capitalgroup.com/mutual-fund-literature-R6.

#### Important information
To reduce fund expenses, only one copy of most shareholder documents will be mailed to shareholders with multiple accounts at the same address (householding). If you would prefer that your documents not be householded, please contact Capital Group at (800) 421-4225, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Capital Group or your financial intermediary.

Lit. No. MFR6ARX-012-1225© 2025 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
The Registrant has adopted a Code of Ethics, as of the end of the period covered by this report, applicable to the registrant's principal executive officer, principal financial officer and principal accounting officer, or persons performing similar functions. A copy of the code of ethics is available without charge at https://www.capitalgroup.com/individual/pdf/shareholder/cg_code_of_ethics.pdf.

------

#### ITEM 3 - Audit Committee Financial Expert
The Registrant's board has determined that John G. Freund, a member of the Registrant's audit committee, is an "audit committee financial expert" and "independent," as such terms are defined in this Item. This designation will not increase the designee's duties, obligations or liability as compared to his or her duties, obligations and liability as a member of the audit committee and of the board, nor will it reduce the responsibility of the other audit committee members. There may be other individuals who, through education or experience, would qualify as "audit committee financial experts" if the board had designated them as such. Most importantly, the board believes each member of the audit committee contributes significantly to the effective oversight of the Registrant's financial statements and condition.

------

#### ITEM 4 - Principal Accountant Fees and Services

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Registrant<sup>1</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Fees | &nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related Fees | (c) Tax Fees | (d) All Other Fees |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186000 |  | &nbsp;&nbsp;11000 |  |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175000 |  | &nbsp;&nbsp;10000 |  |
| **Adviser and Affiliates<sup>2</sup>** |  |  |  |  |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable |  |  |  |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable | &nbsp;&nbsp;44000 |  |  |

---

---

| | |
|:---|:---|
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Aggregate |
| **Registrant, Adviser and Affiliates<sup>3</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**non-audit fees** |
| **October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11000 |
| **October 31, 2024** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54000 |

---

<sup>1</sup>The audit fees represents fees billed for professional services rendered for the audit and review of the Registrant's annual financial statements. The audit-related fees represents fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Registrant's financial statements, but not reported under "audit fees". The tax fees consist of professional services relating to the preparation of the Registrant's tax returns. The other fees represents fees, if any, billed for other products and services rendered by the principal accountant to the Registrant other than those reported under the "audit fees", "audit-related fees", and "tax fees".

<sup>2</sup>This includes only fees for non-audit services billed to the adviser and affiliates for engagements that relate directly to the operations and financial reporting of the Registrant and were subject to the pre-approval policies described below. The audit-related fees consist of assurance and related services relating to the examination of the Registrant's transfer agent, principal underwriter and investment adviser conducted in accordance with Statement on Standards for Attestation Engagements Number 18 issued by the American Institute of Certified Public Accountants. The tax fees consist of consulting services relating to the Registrant's investments. The other fees consist of subscription services related to an accounting research tool.

<sup>3</sup>Aggregate non-audit fees paid to the Registrant's auditors, including fees for all services billed to the Registrant, adviser and affiliates that provide ongoing services to the Registrant. The non-audit services represented by these amounts were brought to the attention of the committee and considered to be compatible with maintaining the auditors' independence.

**(e1)(e2)(h)** All audit and permissible non-audit services that the Registrant's audit committee considers compatible with maintaining the independent registered public accounting firm's independence are required to be pre-approved by the committee. The pre-approval requirement will extend to all non-audit services provided to the Registrant, the investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant, if the engagement relates directly to the operations and financial reporting of the Registrant. The committee will not delegate its responsibility to pre-approve these services to the investment adviser. The committee may delegate to one or more committee members the authority to review and pre-approve audit and permissible non-audit services. Actions taken under any such delegation will be reported to the full committee at its next meeting. The pre-approval requirement is waived with respect to non-audit services if certain conditions are met. The pre- approval requirement was not waived for any of the non-audit services listed above provided to the Registrant, adviser and affiliates.

**(f)**Not applicable.

**(i)**Not applicable.

**(j)**Not applicable.

------

#### ITEM 5 - Audit Committee of Listed Registrants
Not applicable to this Registrant, insofar as the Registrant is not a listed issuer as defined in Rule 10A-3 under the Securities Exchange Act of 1934.

------

#### ITEM 6 - Investments
The schedule of investments is included as part of the material filed under Item 7 of this Form.

------

#### ITEM 7 - Financial Statements and Financial Highlights for Open-End Management Investment Companies

------

![](imga31864be1.jpg)

**Capital Income Builder**<sup>®</sup>

Financial Statements and Other Information

N-CSR Items 7-11

for the year ended October 31, 2025

Lit. No. MFGEFP4-012-1225© 2025 Capital Group. All rights reserved.

------

Investment portfolio October 31, 2025

------

---

| | | |
|:---|:---|:---|
| Common stocks 76.40% | Shares | Value<br> (000)<br>|
| **Financials 15.00%** | **Financials 15.00%** | **Financials 15.00%** |
| JPMorgan Chase & Co.  | 5976206 | $1859317 |
| Morgan Stanley  | 7045615 | 1155481 |
| NatWest Group PLC  | 122788082 | 942239 |
| Zurich Insurance Group AG  | 1290315 | 896649 |
| DBS Group Holdings, Ltd.  | 18851131 | 780087 |
| Wells Fargo & Co.  | 8799566 | 765298 |
| Munchener Ruckversicherungs-Gesellschaft AG  | 1224509 | 757031 |
| BlackRock, Inc.  | 607229 | 657514 |
| ING Groep NV  | 25289847 | 634010 |
| Banco Santander SA  | 46546821 | 473669 |
| PNC Financial Services Group, Inc.  | 2487830 | 454153 |
| Truist Financial Corp.  | 10153211 | 453138 |
| Tokio Marine Holdings, Inc.  | 11107500 | 415629 |
| KB Financial Group, Inc.  | 4999869 | 407419 |
| AIA Group, Ltd.  | 34565600 | 336331 |
| American International Group, Inc.  | 3954295 | 312231 |
| Sampo Oyj, Class A  | 27734646 | 309229 |
| TPG, Inc., Class A <sup>(a)</sup>  | 5400082 | 297221 |
| Banco Bilbao Vizcaya Argentaria SA  | 14237492 | 287122 |
| National Bank of Canada  | 2492736 | 278501 |
| Power Corp. of Canada, subordinate voting shares <sup>(a)</sup>  | 5375335 | 251798 |
| PICC Property and Casualty Co., Ltd., Class H  | 105714000 | 249940 |
| Progressive Corp.  | 1206860 | 248613 |
| East West Bancorp, Inc.  | 2348111 | 238568 |
| Toronto-Dominion Bank (The) (CAD denominated)  | 2876611 | 236192 |
| UniCredit SpA  | 3132063 | 231679 |
| Euronext NV  | 1532979 | 218684 |
| Intact Financial Corp.  | 1165003 | 217318 |
| Hana Financial Group, Inc.  | 3548623 | 213198 |
| 360 ONE WAM, Ltd.  | 16612840 | 202771 |
| Apollo Asset Management, Inc. <sup>(a)</sup>  | 1623297 | 201792 |
| EFG International AG  | 7785720 | 162135 |
| Mizuho Financial Group, Inc.  | 4749100 | 158560 |
| Skandinaviska Enskilda Banken AB, Class A  | 7875000 | 150320 |
| BNP Paribas SA  | 1859981 | 143861 |
| Webster Financial Corp.  | 2520603 | 143775 |
| Swiss Re AG  | 772740 | 140875 |
| Marsh & McLennan Cos., Inc.  | 777150 | 138449 |
| Banco BPM SpA <sup>(a)</sup>  | 9462380 | 137653 |
| Deutsche Bank AG  | 3542794 | 126297 |
| BPER Banca SpA  | 10061881 | 120281 |
| CME Group, Inc., Class A  | 412680 | 109562 |
| 3i Group PLC  | 1806457 | 104408 |
| State Street Corp.  | 853853 | 98757 |
| Hong Kong Exchanges and Clearing, Ltd.  | 1639300 | 89752 |
| Standard Chartered PLC  | 4193691 | 85933 |
| Japan Post Bank Co., Ltd.  | 7278000 | 81852 |
| SouthState Bank Corp.  | 879727 | 77988 |
| Blackstone, Inc.  | 530215 | 77751 |
| Canadian Imperial Bank of Commerce  | 908303 | 75259 |
| Patria Investments, Ltd., Class A  | 5108139 | 74426 |
| Western Union Co.  | 7516724 | 70131 |
| London Stock Exchange Group PLC  | 520827 | 64910 |
| Citizens Financial Group, Inc.  | 1230400 | 62590 |
| Equitable Holdings, Inc.  | 1234410 | 60980 |
| Bank of America Corp.  | 1082356 | 57852 |
| Vontobel Holding AG  | 724483 | 54914 |
| Bank Central Asia Tbk PT  | 103028100 | 52606 |
| Kaspi.kz JSC (ADR)  | 683807 | 51142 |
| Resona Holdings, Inc.  | 4442200 | 43204 |

---

---

| | |
|:---|:---|
| **1** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Houlihan Lokey, Inc., Class A  | 195434 | $34998 |
| Medibank Private Ltd.  | 9980091 | 31826 |
| Sberbank of Russia PJSC <sup>(b)</sup>  | 19327472 | — <br><sup>(c)</sup><br>|
|  |  | 17865869 |
| **Information technology 11.80%** | **Information technology 11.80%** | **Information technology 11.80%** |
| Broadcom, Inc.  | 16085621 | 5945728 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 63027820 | 3049588 |
| Microsoft Corp.  | 3530802 | 1828285 |
| Accenture PLC, Class A  | 2886756 | 721978 |
| Tokyo Electron, Ltd.  | 2494400 | 553362 |
| Seagate Technology Holdings PLC  | 1699935 | 434979 |
| KLA Corp.  | 283994 | 343275 |
| Texas Instruments, Inc.  | 1405121 | 226871 |
| TE Connectivity PLC  | 819859 | 202513 |
| TDK Corp.  | 10376235 | 178937 |
| MediaTek, Inc.  | 3740000 | 158665 |
| SAP SE  | 610402 | 157727 |
| Analog Devices, Inc.  | 426678 | 99898 |
| Skyworks Solutions, Inc.  | 1153297 | 89634 |
| HCL Technologies, Ltd.  | 1962771 | 34076 |
| Capgemini SE <sup>(a)</sup>  | 181938 | 28011 |
|  |  | 14053527 |
| **Industrials 8.67%** | **Industrials 8.67%** | **Industrials 8.67%** |
| RTX Corp.  | 14195377 | 2533875 |
| Volvo AB, Class B  | 24562584 | 677600 |
| Siemens AG  | 2344880 | 663593 |
| Deutsche Post AG  | 10757539 | 493788 |
| BAE Systems PLC  | 19155966 | 471658 |
| Marubeni Corp.  | 15791600 | 388166 |
| Mitsubishi Corp.  | 15499400 | 372402 |
| RELX PLC  | 7454568 | 329493 |
| Singapore Technologies Engineering, Ltd.  | 47729928 | 310605 |
| Union Pacific Corp.  | 1366549 | 301146 |
| Northrop Grumman Corp.  | 436385 | 254609 |
| Honeywell International, Inc.  | 1263892 | 254459 |
| Paychex, Inc.  | 2022395 | 236681 |
| Automatic Data Processing, Inc.  | 904496 | 235440 |
| Airbus SE, non-registered shares  | 945100 | 233069 |
| Schneider Electric SE  | 711753 | 201875 |
| Watsco, Inc.  | 541995 | 199460 |
| ITOCHU Corp.  | 3398100 | 195883 |
| FedEx Corp.  | 710950 | 180453 |
| Broadridge Financial Solutions, Inc.  | 809500 | 178414 |
| Bouygues SA  | 3560737 | 160701 |
| Localiza Rent a Car SA, ordinary nominative shares  | 20659435 | 151453 |
| Bureau Veritas SA  | 4418654 | 145072 |
| Wolters Kluwer NV  | 1105188 | 135376 |
| Canadian National Railway Co. (CAD denominated)  | 1283554 | 123080 |
| Trinity Industries, Inc. <sup>(d)</sup>  | 4479136 | 122594 |
| Epiroc AB, Class A  | 4450000 | 94226 |
| Epiroc AB, Class B  | 377641 | 7075 |
| Carrier Global Corp.  | 1653424 | 98362 |
| SGS SA  | 832735 | 93782 |
| UL Solutions, Inc., Class A <sup>(a)</sup>  | 1191837 | 92808 |
| PACCAR, Inc.  | 882980 | 86885 |
| Transurban Group  | 8755955 | 82868 |
| Hikari Tsushin, Inc.  | 232700 | 61499 |
| Brambles, Ltd.  | 2880350 | 46795 |
| Sulzer AG  | 260827 | 43520 |
| Computershare, Ltd.  | 1731596 | 41345 |
| Robert Half, Inc.  | 1178978 | 30877 |
| Ryanair Holdings PLC (ADR)  | 20807 | 1300 |
|  |  | 10332287 |

---

Capital Income Builder<sub>2</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care 8.56%** | **Health care 8.56%** | **Health care 8.56%** |
| AbbVie, Inc.  | 8069563 | $1759487 |
| Abbott Laboratories  | 9628283 | 1190248 |
| AstraZeneca PLC  | 6985982 | 1150785 |
| Amgen, Inc.  | 3745197 | 1117679 |
| Gilead Sciences, Inc.  | 8067884 | 966452 |
| Sanofi  | 8458176 | 855723 |
| Johnson & Johnson  | 2700970 | 510132 |
| Medtronic PLC  | 5614079 | 509197 |
| UnitedHealth Group, Inc.  | 1394576 | 476331 |
| Novo Nordisk AS, Class B  | 7081441 | 349377 |
| CVS Health Corp.  | 3528286 | 275736 |
| Takeda Pharmaceutical Co., Ltd.  | 7983650 | 215929 |
| Bristol-Myers Squibb Co.  | 3735094 | 172076 |
| Merck & Co., Inc.  | 1540900 | 132487 |
| EssilorLuxottica SA  | 327190 | 120138 |
| EBOS Group, Ltd.  | 6068075 | 100105 |
| Sandoz Group AG  | 1387511 | 92350 |
| GSK PLC  | 3240408 | 75925 |
| Royalty Pharma PLC, Class A <sup>(a)</sup>  | 1712242 | 64278 |
| Roche Holding AG, nonvoting non-registered shares  | 189591 | 61224 |
| Endo, LP, nonvoting shares <sup>(b)(e)</sup>  | 225000 | — <br><sup>(c)</sup><br>|
|  |  | 10195659 |
| **Consumer staples 7.85%** | **Consumer staples 7.85%** | **Consumer staples 7.85%** |
| Philip Morris International, Inc.  | 17146617 | 2474771 |
| British American Tobacco PLC  | 39373236 | 2015432 |
| British American Tobacco PLC (ADR)  | 3041264 | 155682 |
| Mondelez International, Inc., Class A  | 17530693 | 1007314 |
| Imperial Brands PLC  | 13977025 | 555487 |
| Nestle SA  | 4078423 | 389609 |
| Sysco Corp.  | 4306408 | 319880 |
| Danone SA  | 3393556 | 299738 |
| Coca-Cola Co.  | 3741971 | 257822 |
| Altria Group, Inc.  | 4407100 | 248472 |
| Procter & Gamble Co.  | 1332297 | 200337 |
| Kimberly-Clark Corp.  | 1457945 | 174531 |
| Carlsberg A/S, Class B  | 1338320 | 157288 |
| ITC, Ltd.  | 32039889 | 151630 |
| General Mills, Inc.  | 3192873 | 148820 |
| Marks and Spencer Group PLC  | 25259460 | 131999 |
| WH Group, Ltd.  | 128177500 | 122898 |
| Unilever PLC  | 1972678 | 118365 |
| PepsiCo, Inc.  | 611479 | 89331 |
| Suntory Beverage & Food, Ltd. <sup>(a)</sup>  | 2357400 | 71273 |
| Dollar General Corp.  | 640658 | 63207 |
| Pernod Ricard SA  | 617494 | 60497 |
| Anheuser-Busch InBev SA/NV  | 867244 | 52860 |
| Molson Coors Beverage Co., Class B, restricted voting shares  | 1108000 | 48442 |
| Constellation Brands, Inc., Class A  | 288335 | 37881 |
|  |  | 9353566 |
| **Utilities 5.42%** | **Utilities 5.42%** | **Utilities 5.42%** |
| Dominion Energy, Inc.  | 12553713 | 736777 |
| Engie SA  | 24344120 | 569674 |
| Iberdrola SA, non-registered shares  | 28095994 | 568837 |
| National Grid PLC  | 36119427 | 540254 |
| SSE PLC  | 15637639 | 393637 |
| E.ON SE  | 20545894 | 382211 |
| DTE Energy Co.  | 2809689 | 380825 |
| Pinnacle West Capital Corp. <sup>(a)</sup>  | 4265345 | 377568 |
| CenterPoint Energy, Inc.  | 9247245 | 353615 |
| Sempra  | 3606277 | 331561 |
| Duke Energy Corp.  | 2452920 | 304898 |
| Entergy Corp.  | 2585407 | 248432 |
| Atmos Energy Corp.  | 1178769 | 202418 |

---

---

| | |
|:---|:---|
| **3** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| Exelon Corp. <sup>(a)</sup>  | 3853242 | $177712 |
| RWE AG  | 3465550 | 170439 |
| Southern Co. (The)  | 1631818 | 153456 |
| Power Grid Corp. of India, Ltd.  | 46112774 | 149572 |
| AES Corp.  | 9949432 | 137999 |
| NextEra Energy, Inc.  | 1379080 | 112257 |
| SembCorp Industries, Ltd.  | 20005900 | 100143 |
| Power Assets Holdings, Ltd.  | 9434000 | 59889 |
| Light SA, units <sup>(e)</sup>  | 604926 | 182 |
|  |  | 6452356 |
| **Consumer discretionary 4.97%** | **Consumer discretionary 4.97%** | **Consumer discretionary 4.97%** |
| Industria de Diseno Textil SA  | 12997415 | 716519 |
| McDonald's Corp.  | 2047544 | 611048 |
| Starbucks Corp.  | 7195682 | 581915 |
| Home Depot, Inc.  | 1431523 | 543392 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 714414 | 505142 |
| Midea Group Co., Ltd., Class A  | 36306878 | 389717 |
| YUM! Brands, Inc.  | 2767380 | 382480 |
| Compagnie Generale des Etablissements Michelin  | 9552832 | 305009 |
| Evolution AB  | 4514047 | 301778 |
| Amadeus IT Group SA, Class A, non-registered shares  | 3252437 | 248667 |
| Royal Caribbean Cruises, Ltd.  | 847780 | 243169 |
| Compagnie Financiere Richemont SA, Class A  | 842806 | 166560 |
| Tractor Supply Co.  | 2745600 | 148564 |
| Vail Resorts, Inc.  | 940068 | 139440 |
| Restaurant Brands International, Inc.  | 1991558 | 130825 |
| Darden Restaurants, Inc.  | 714129 | 128650 |
| NEXT PLC  | 676031 | 127161 |
| Aristocrat Leisure, Ltd.  | 2793508 | 115499 |
| Galaxy Entertainment Group, Ltd.  | 21218000 | 105276 |
| Jumbo SA  | 1061844 | 33693 |
|  |  | 5924504 |
| **Energy 4.41%** | **Energy 4.41%** | **Energy 4.41%** |
| Exxon Mobil Corp.  | 10012276 | 1145004 |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 27778627 | 888686 |
| Shell PLC (GBP denominated)  | 16728305 | 624974 |
| Shell PLC (ADR) <sup>(a)</sup>  | 738100 | 55298 |
| TC Energy Corp. (CAD denominated)  | 11318410 | 567958 |
| TotalEnergies SE  | 6765609 | 421313 |
| ConocoPhillips  | 3640769 | 323519 |
| EOG Resources, Inc.  | 2968922 | 314231 |
| South Bow Corp. <sup>(d)</sup>  | 11211827 | 290818 |
| EQT Corp.  | 4688561 | 251213 |
| Chevron Corp.  | 1357158 | 214051 |
| DT Midstream, Inc.  | 760862 | 83307 |
| Cenovus Energy, Inc.  | 4465883 | 75563 |
| Constellation Oil Services Holding SA (NDR) <sup>(e)</sup>  | 51141 | 550 |
|  |  | 5256485 |
| **Communication services 3.45%** | **Communication services 3.45%** | **Communication services 3.45%** |
| Singapore Telecommunications, Ltd.  | 271008800 | 883695 |
| T-Mobile US, Inc.  | 2693869 | 565847 |
| Publicis Groupe SA <sup>(a)</sup>  | 4951207 | 495769 |
| AT&T, Inc.  | 15460528 | 382648 |
| Deutsche Telekom AG  | 9941677 | 308179 |
| NetEase, Inc.  | 10306500 | 288404 |
| Comcast Corp., Class A  | 9782785 | 272304 |
| Koninklijke KPN NV  | 45101825 | 208746 |
| Verizon Communications, Inc.  | 4903006 | 194845 |
| Nintendo Co., Ltd.  | 1732500 | 148430 |
| HKT Trust and HKT, Ltd., units  | 73257460 | 106784 |
| America Movil, SAB de CV, Class B (ADR)  | 4601006 | 104765 |

---

Capital Income Builder<sub>4</sub>

------

---

| | | |
|:---|:---|:---|
| Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| Omnicom Group, Inc.  | 1089312 | $81720 |
| Telkom Indonesia (Persero) Tbk PT, Class B  | 175000000 | 33695 |
| Swisscom AG <sup>(e)</sup>  | 43033 | 31495 |
|  |  | 4107326 |
| **Materials 3.39%** | **Materials 3.39%** | **Materials 3.39%** |
| Air Products and Chemicals, Inc.  | 2221805 | 538988 |
| Nitto Denko Corp.  | 17798527 | 442863 |
| Smurfit Westrock PLC  | 11521306 | 425366 |
| Rio Tinto PLC  | 5611085 | 401715 |
| International Paper Co.  | 9712686 | 375298 |
| Anglo American PLC  | 7547807 | 284507 |
| Vale SA, ordinary nominative shares  | 15734715 | 190866 |
| Vale SA (ADR), ordinary nominative shares  | 6898935 | 83408 |
| Shin-Etsu Chemical Co., Ltd.  | 8748400 | 264215 |
| Barrick Mining Corp.  | 7783049 | 255284 |
| Linde PLC  | 565256 | 236446 |
| Antofagasta PLC  | 4765944 | 174271 |
| BASF SE  | 3258228 | 160788 |
| Amcor PLC  | 6749204 | 53319 |
| Eastman Chemical Co.  | 827250 | 49238 |
| Air Liquide SA  | 192264 | 37254 |
| Givaudan SA  | 8390 | 34396 |
| Evonik Industries AG  | 1054897 | 17676 |
| Solstice Advanced Materials, Inc. <sup>(e)</sup>  | 315973 | 14241 |
|  |  | 4040139 |
| **Real estate 2.88%** | **Real estate 2.88%** | **Real estate 2.88%** |
| Welltower, Inc. REIT  | 3823251 | 692161 |
| VICI Properties, Inc. REIT  | 20843134 | 625086 |
| Prologis, Inc. REIT  | 2823536 | 350373 |
| Rexford Industrial Realty, Inc. REIT  | 6504656 | 268772 |
| Extra Space Storage, Inc. REIT  | 1627655 | 217357 |
| American Tower Corp. REIT  | 1058193 | 189395 |
| Mindspace Business Parks REIT  | 29892332 | 156500 |
| Public Storage REIT  | 526989 | 146798 |
| CK Asset Holdings, Ltd.  | 24301734 | 119956 |
| UDR, Inc. REIT  | 3546308 | 119475 |
| Link REIT  | 22317452 | 116334 |
| CTP NV  | 5385834 | 112359 |
| Equinix, Inc. REIT  | 126200 | 106767 |
| Sun Communities, Inc. REIT  | 430663 | 54522 |
| Embassy Office Parks REIT  | 10653487 | 51501 |
| SBA Communications Corp. REIT, Class A  | 189244 | 36236 |
| Longfor Group Holdings, Ltd.  | 27189658 | 33526 |
| Lineage, Inc. REIT  | 757627 | 29851 |
| Kimco Realty Corp. REIT  | 295754 | 6110 |
|  |  | 3433079 |
| **Total common stocks** (cost: $58,661,523,000) | **Total common stocks** (cost: $58,661,523,000) | 91014797 |
| Preferred securities 0.01% |  |  |
| **Financials 0.01%** | **Financials 0.01%** | **Financials 0.01%** |
| CoBank, ACB, Class E, 0% perpetual noncumulative preferred shares <sup>(f)</sup>  | 13000 | 10335 |
| **Total preferred securities** (cost: $13,000,000) | **Total preferred securities** (cost: $13,000,000) | 10335 |
| Convertible stocks 0.35% |  |  |
| **Information technology 0.17%** | **Information technology 0.17%** | **Information technology 0.17%** |
| Microchip Technology, Inc., Series A, cumulative convertible preferred depositary shares, 7.50% 3/15/2028  | 3410517 | 197469 |

---

---

| | |
|:---|:---|
| **5** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Convertible stocks (continued) | Shares | Value<br> (000)<br>|
| **Utilities 0.14%** | **Utilities 0.14%** | **Utilities 0.14%** |
| NextEra Energy, Inc., convertible preferred shares, 7.234% 11/1/2027 <sup>(a)</sup>  | 2339772 | $114438 |
| PG&E Corp., Class A, convertible preferred shares, 6.00% 12/1/2027  | 1416100 | 58202 |
|  |  | 172640 |
| **Financials 0.04%** | **Financials 0.04%** | **Financials 0.04%** |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 1000000 | 49020 |
| **Total convertible stocks** (cost: $398,876,000) | **Total convertible stocks** (cost: $398,876,000) | 419129 |
| Convertible bonds & notes 0.00% | Principal amount<br> (000)<br>|  |
| **Information technology 0.00%** | **Information technology 0.00%** | **Information technology 0.00%** |
| Microstrategy, Inc., convertible notes, 0% 12/1/2029 <sup>(f)</sup>  | USD1,563 | 1365 |
| **Total convertible bonds & notes** (cost: $1,330,000) | **Total convertible bonds & notes** (cost: $1,330,000) | 1365 |
| Bonds, notes & other debt instruments 14.61% |  |  |
| **U.S. Treasury bonds & notes 5.80%** | **U.S. Treasury bonds & notes 5.80%** | **U.S. Treasury bonds & notes 5.80%** |
| **U.S. Treasury 5.80%** | **U.S. Treasury 5.80%** | **U.S. Treasury 5.80%** |
| U.S. Treasury 4.50% 11/15/2025  | 15350 | 15353 |
| U.S. Treasury 4.00% 12/15/2025 <sup>(a)</sup>  | 21000 | 21002 |
| U.S. Treasury 6.00% 2/15/2026  | 206000 | 207231 |
| U.S. Treasury 4.375% 7/31/2026  | 875000 | 878794 |
| U.S. Treasury 6.75% 8/15/2026  | 35000 | 35808 |
| U.S. Treasury 4.625% 9/15/2026  | 35602 | 35863 |
| U.S. Treasury 4.625% 10/15/2026  | 25100 | 25308 |
| U.S. Treasury 4.625% 11/15/2026  | 3000 | 3027 |
| U.S. Treasury 6.50% 11/15/2026  | 178000 | 183590 |
| U.S. Treasury 4.25% 12/31/2026  | 250000 | 251524 |
| U.S. Treasury 2.25% 2/15/2027  | 75 | 74 |
| U.S. Treasury 6.625% 2/15/2027  | 65000 | 67543 |
| U.S. Treasury 2.625% 5/31/2027  | 6500 | 6400 |
| U.S. Treasury 3.75% 6/30/2027  | 517000 | 518059 |
| U.S. Treasury 3.875% 7/31/2027  | 560 | 562 |
| U.S. Treasury 3.75% 8/15/2027  | 353000 | 353802 |
| U.S. Treasury 6.375% 8/15/2027  | 54936 | 57561 |
| U.S. Treasury 3.50% 9/30/2027  | 232500 | 232067 |
| U.S. Treasury 6.125% 11/15/2027 <sup>(g)</sup>  | 296294 | 311120 |
| U.S. Treasury 3.875% 12/31/2027  | 123463 | 124190 |
| U.S. Treasury 4.25% 2/15/2028  | 16000 | 16228 |
| U.S. Treasury 4.125% 7/31/2028  | 207000 | 209851 |
| U.S. Treasury 2.875% 8/15/2028  | 148319 | 145509 |
| U.S. Treasury 3.375% 9/15/2028  | 18000 | 17892 |
| U.S. Treasury 3.50% 10/15/2028  | 98581 | 98315 |
| U.S. Treasury 4.00% 1/31/2029  | 423733 | 428633 |
| U.S. Treasury 4.50% 5/31/2029  | 125100 | 128703 |
| U.S. Treasury 3.625% 8/31/2029  | 33132 | 33097 |
| U.S. Treasury 4.375% 12/31/2029  | 219000 | 224928 |
| U.S. Treasury 4.00% 2/28/2030  | 3000 | 3039 |
| U.S. Treasury 6.25% 5/15/2030  | 198563 | 219645 |
| U.S. Treasury 3.875% 7/31/2030  | 39282 | 39581 |
| U.S. Treasury 3.625% 9/30/2030 <sup>(a)</sup>  | 7000 | 6975 |
| U.S. Treasury 3.625% 10/31/2030  | 2000 | 1993 |
| U.S. Treasury 4.25% 6/30/2031  | 20000 | 20486 |
| U.S. Treasury 3.75% 8/31/2031  | 54128 | 54009 |
| U.S. Treasury 4.375% 1/31/2032  | 10000 | 10300 |
| U.S. Treasury 1.875% 2/15/2032  | 100000 | 89137 |
| U.S. Treasury 4.125% 2/29/2032  | 114000 | 115839 |
| U.S. Treasury 4.125% 3/31/2032  | 3000 | 3048 |
| U.S. Treasury 4.00% 4/30/2032  | 4500 | 4539 |
| U.S. Treasury 2.875% 5/15/2032  | 278476 | 262766 |
| U.S. Treasury 4.00% 6/30/2032  | 31000 | 31248 |
| U.S. Treasury 3.875% 9/30/2032  | 36865 | 36845 |
| U.S. Treasury 3.75% 10/31/2032  | 2000 | 1983 |

---

Capital Income Builder<sub>6</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** | **U.S. Treasury bonds & notes (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury 3.875% 8/15/2034  | USD50,000 | $49430 |
| U.S. Treasury 4.625% 2/15/2035  | 25300 | 26397 |
| U.S. Treasury 4.25% 5/15/2035  | 2000 | 2027 |
| U.S. Treasury 4.25% 8/15/2035  | 21960 | 22233 |
| U.S. Treasury 4.50% 8/15/2039  | 25000 | 25328 |
| U.S. Treasury 4.75% 2/15/2041 <sup>(g)</sup>  | 136000 | 140345 |
| U.S. Treasury 4.00% 11/15/2042  | 12950 | 12069 |
| U.S. Treasury 4.75% 11/15/2043  | 27016 | 27527 |
| U.S. Treasury 4.625% 5/15/2044  | 27000 | 27019 |
| U.S. Treasury 4.125% 8/15/2044  | 7000 | 6551 |
| U.S. Treasury 4.625% 11/15/2044  | 4000 | 3995 |
| U.S. Treasury 4.75% 2/15/2045  | 3500 | 3549 |
| U.S. Treasury 5.00% 5/15/2045  | 3000 | 3139 |
| U.S. Treasury 4.875% 8/15/2045 <sup>(a)</sup>  | 37616 | 38747 |
| U.S. Treasury 3.00% 5/15/2047  | 108296 | 83371 |
| U.S. Treasury 3.00% 2/15/2049 <sup>(g)</sup>  | 112915 | 85419 |
| U.S. Treasury 1.375% 8/15/2050  | 38101 | 19431 |
| U.S. Treasury 2.00% 8/15/2051  | 37789 | 22414 |
| U.S. Treasury 2.25% 2/15/2052 <sup>(g)</sup>  | 207137 | 129962 |
| U.S. Treasury 3.00% 8/15/2052  | 136283 | 100743 |
| U.S. Treasury 4.75% 11/15/2053  | 60200 | 60891 |
| U.S. Treasury 4.625% 5/15/2054  | 291 | 289 |
| U.S. Treasury 4.25% 8/15/2054  | 3663 | 3415 |
| U.S. Treasury 4.50% 11/15/2054  | 2000 | 1945 |
| U.S. Treasury 4.625% 2/15/2055  | 114500 | 113650 |
| U.S. Treasury 4.75% 5/15/2055  | 37048 | 37531 |
| U.S. Treasury 4.75% 8/15/2055 <sup>(a)(g)</sup>  | 326000 | 330432 |
| **Total U.S. Treasury bonds & notes** |  | 6911316 |
| **Mortgage-backed obligations 5.00%** | **Mortgage-backed obligations 5.00%** | **Mortgage-backed obligations 5.00%** |
| **Federal agency mortgage-backed obligations 4.47%** | **Federal agency mortgage-backed obligations 4.47%** | **Federal agency mortgage-backed obligations 4.47%** |
| Fannie Mae Pool #394854 6.50% 5/1/2027 <sup>(h)</sup>  | 1 | 1 |
| Fannie Mae Pool #256821 6.50% 7/1/2027 <sup>(h)</sup>  | 4 | 5 |
| Fannie Mae Pool #257145 6.50% 3/1/2028 <sup>(h)</sup>  | 1 | 1 |
| Fannie Mae Pool #AX9959 3.50% 12/1/2029 <sup>(h)</sup>  | 99 | 97 |
| Fannie Mae Pool #BA2999 3.50% 11/1/2030 <sup>(h)</sup>  | 109 | 108 |
| Fannie Mae Pool #659096 6.50% 8/1/2032 <sup>(h)</sup>  | 1 | 1 |
| Fannie Mae Pool #683351 5.50% 2/1/2033 <sup>(h)</sup>  | 49 | 50 |
| Fannie Mae Pool #CA1299 3.50% 3/1/2033 <sup>(h)</sup>  | 54 | 53 |
| Fannie Mae Pool #MA3438 3.50% 8/1/2033 <sup>(h)</sup>  | 147 | 145 |
| Fannie Mae Pool #MA3658 3.50% 5/1/2034 <sup>(h)</sup>  | 220 | 217 |
| Fannie Mae Pool #CA4490 3.50% 8/1/2034 <sup>(h)</sup>  | 317 | 312 |
| Fannie Mae Pool #FM2499 2.50% 2/1/2035 <sup>(h)</sup>  | 53112 | 50515 |
| Fannie Mae Pool #MA4361 2.50% 6/1/2036 <sup>(h)</sup>  | 1499 | 1414 |
| Fannie Mae Pool #887695 6.00% 6/1/2036 <sup>(h)</sup>  | 884 | 932 |
| Fannie Mae Pool #MA4404 2.50% 8/1/2036 <sup>(h)</sup>  | 267 | 252 |
| Fannie Mae Pool #894308 6.00% 10/1/2036 <sup>(h)</sup>  | 143 | 148 |
| Fannie Mae Pool #902164 6.00% 11/1/2036 <sup>(h)</sup>  | 725 | 765 |
| Fannie Mae Pool #902503 6.00% 11/1/2036 <sup>(h)</sup>  | 404 | 425 |
| Fannie Mae Pool #BU3910 2.50% 12/1/2036 <sup>(h)</sup>  | 17 | 16 |
| Fannie Mae Pool #903076 6.00% 12/1/2036 <sup>(h)</sup>  | 973 | 1026 |
| Fannie Mae Pool #AD0249 5.50% 4/1/2037 <sup>(h)</sup>  | 62 | 64 |
| Fannie Mae Pool #BW0516 2.50% 5/1/2037 <sup>(h)</sup>  | 2853 | 2685 |
| Fannie Mae Pool #BW0488 2.50% 5/1/2037 <sup>(h)</sup>  | 907 | 853 |
| Fannie Mae Pool #AS9772 3.50% 6/1/2037 <sup>(h)</sup>  | 25 | 24 |
| Fannie Mae Pool #CB4285 2.50% 7/1/2037 <sup>(h)</sup>  | 6467 | 6089 |
| Fannie Mae Pool #966172 7.00% 7/1/2037 <sup>(h)</sup>  | 82 | 84 |
| Fannie Mae Pool #256845 6.50% 8/1/2037 <sup>(h)</sup>  | 42 | 45 |
| Fannie Mae Pool #256960 6.50% 11/1/2037 <sup>(h)</sup>  | 205 | 217 |
| Fannie Mae Pool #FS3558 2.50% 2/1/2038 <sup>(h)</sup>  | 84 | 79 |
| Fannie Mae Pool #257137 7.00% 3/1/2038 <sup>(h)</sup>  | 15 | 16 |
| Fannie Mae Pool #963269 5.50% 5/1/2038 <sup>(h)</sup>  | 723 | 751 |
| Fannie Mae Pool #963341 5.50% 5/1/2038 <sup>(h)</sup>  | 234 | 242 |
| Fannie Mae Pool #963454 5.50% 6/1/2038 <sup>(h)</sup>  | 698 | 724 |
| Fannie Mae Pool #963796 5.50% 6/1/2038 <sup>(h)</sup>  | 225 | 231 |

---

---

| | |
|:---|:---|
| **7** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #929964 6.00% 9/1/2038 <sup>(h)</sup>  | USD336 | $355 |
| Fannie Mae Pool #FS2490 5.50% 10/1/2038 <sup>(h)</sup>  | 13 | 13 |
| Fannie Mae Pool #FM3708 5.50% 10/1/2038 <sup>(h)</sup>  | 5 | 5 |
| Fannie Mae Pool #FS2101 5.50% 10/1/2038 <sup>(h)</sup>  | 2 | 2 |
| Fannie Mae Pool #970772 5.50% 11/1/2038 <sup>(h)</sup>  | 27 | 28 |
| Fannie Mae Pool #AE0392 5.50% 12/1/2039 <sup>(h)</sup>  | 45 | 47 |
| Fannie Mae Pool #AL4324 6.50% 5/1/2040 <sup>(h)</sup>  | 5 | 5 |
| Fannie Mae Pool #AL0152 6.00% 6/1/2040 <sup>(h)</sup>  | 2428 | 2563 |
| Fannie Mae Pool #AE8073 4.00% 12/1/2040 <sup>(h)</sup>  | 150 | 147 |
| Fannie Mae Pool #MA4364 2.00% 6/1/2041 <sup>(h)</sup>  | 70503 | 61620 |
| Fannie Mae Pool #AL1571 5.00% 6/1/2041 <sup>(h)</sup>  | 1933 | 1987 |
| Fannie Mae Pool #AL0913 6.00% 7/1/2041 <sup>(h)</sup>  | 1701 | 1795 |
| Fannie Mae Pool #AJ0257 4.00% 9/1/2041 <sup>(h)</sup>  | 51 | 50 |
| Fannie Mae Pool #AJ4154 4.00% 11/1/2041 <sup>(h)</sup>  | 150 | 147 |
| Fannie Mae Pool #AB4050 4.00% 12/1/2041 <sup>(h)</sup>  | 271 | 265 |
| Fannie Mae Pool #AJ4189 4.00% 12/1/2041 <sup>(h)</sup>  | 162 | 159 |
| Fannie Mae Pool #AJ9165 4.00% 1/1/2042 <sup>(h)</sup>  | 4108 | 4023 |
| Fannie Mae Pool #890407 4.00% 2/1/2042 <sup>(h)</sup>  | 404 | 396 |
| Fannie Mae Pool #AL2745 4.00% 3/1/2042 <sup>(h)</sup>  | 1167 | 1143 |
| Fannie Mae Pool #AO6721 4.00% 6/1/2042 <sup>(h)</sup>  | 6806 | 6665 |
| Fannie Mae Pool #AO1820 4.00% 6/1/2042 <sup>(h)</sup>  | 760 | 744 |
| Fannie Mae Pool #890445 4.00% 7/1/2042 <sup>(h)</sup>  | 920 | 901 |
| Fannie Mae Pool #AS0831 4.50% 10/1/2043 <sup>(h)</sup>  | 148 | 149 |
| Fannie Mae Pool #AW4156 4.00% 5/1/2044 <sup>(h)</sup>  | 1642 | 1596 |
| Fannie Mae Pool #AW4026 4.00% 6/1/2044 <sup>(h)</sup>  | 1569 | 1535 |
| Fannie Mae Pool #AX2782 4.00% 9/1/2044 <sup>(h)</sup>  | 2325 | 2253 |
| Fannie Mae Pool #AY1313 4.00% 3/1/2045 <sup>(h)</sup>  | 4280 | 4153 |
| Fannie Mae Pool #AS6840 4.00% 3/1/2046 <sup>(h)</sup>  | 4292 | 4161 |
| Fannie Mae Pool #AL8522 3.50% 5/1/2046 <sup>(h)</sup>  | 700 | 663 |
| Fannie Mae Pool #BC8719 4.00% 6/1/2046 <sup>(h)</sup>  | 1759 | 1702 |
| Fannie Mae Pool #BC8720 4.00% 6/1/2046 <sup>(h)</sup>  | 1447 | 1402 |
| Fannie Mae Pool #AS7598 4.00% 7/1/2046 <sup>(h)</sup>  | 4073 | 3944 |
| Fannie Mae Pool #BD1967 4.00% 7/1/2046 <sup>(h)</sup>  | 1526 | 1476 |
| Fannie Mae Pool #BD5477 4.00% 7/1/2046 <sup>(h)</sup>  | 32 | 31 |
| Fannie Mae Pool #MA2691 4.50% 7/1/2046 <sup>(h)</sup>  | 701 | 699 |
| Fannie Mae Pool #AS7759 4.00% 8/1/2046 <sup>(h)</sup>  | 9663 | 9359 |
| Fannie Mae Pool #AS7760 4.00% 8/1/2046 <sup>(h)</sup>  | 4200 | 4067 |
| Fannie Mae Pool #AS7939 4.00% 9/1/2046 <sup>(h)</sup>  | 6340 | 6139 |
| Fannie Mae Pool #AL9190 4.00% 9/1/2046 <sup>(h)</sup>  | 1207 | 1169 |
| Fannie Mae Pool #BC4712 4.00% 10/1/2046 <sup>(h)</sup>  | 3397 | 3289 |
| Fannie Mae Pool #BC4801 4.00% 11/1/2046 <sup>(h)</sup>  | 2321 | 2247 |
| Fannie Mae Pool #BM3288 3.50% 12/1/2046 <sup>(h)</sup>  | 18 | 17 |
| Fannie Mae Pool #MA2907 4.00% 2/1/2047 <sup>(h)</sup>  | 21 | 20 |
| Fannie Mae Pool #AS9313 4.00% 3/1/2047 <sup>(h)</sup>  | 3304 | 3199 |
| Fannie Mae Pool #BE3229 4.00% 3/1/2047 <sup>(h)</sup>  | 1456 | 1406 |
| Fannie Mae Pool #BD7165 4.00% 4/1/2047 <sup>(h)</sup>  | 20 | 19 |
| Fannie Mae Pool #AS9454 4.00% 4/1/2047 <sup>(h)</sup>  | 12 | 12 |
| Fannie Mae Pool #BM4187 4.50% 5/1/2047 <sup>(h)</sup>  | 11699 | 11730 |
| Fannie Mae Pool #BH2491 4.00% 6/1/2047 <sup>(h)</sup>  | 1827 | 1767 |
| Fannie Mae Pool #MA3058 4.00% 7/1/2047 <sup>(h)</sup>  | 2255 | 2164 |
| Fannie Mae Pool #CA0243 4.50% 8/1/2047 <sup>(h)</sup>  | 11091 | 11011 |
| Fannie Mae Pool #BJ1668 4.00% 12/1/2047 <sup>(h)</sup>  | 1922 | 1857 |
| Fannie Mae Pool #MA3211 4.00% 12/1/2047 <sup>(h)</sup>  | 415 | 403 |
| Fannie Mae Pool #BJ2751 4.50% 5/1/2048 <sup>(h)</sup>  | 5814 | 5774 |
| Fannie Mae Pool #CA2033 4.00% 7/1/2048 <sup>(h)</sup>  | 8237 | 7969 |
| Fannie Mae Pool #CA2157 4.00% 8/1/2048 <sup>(h)</sup>  | 16404 | 15873 |
| Fannie Mae Pool #BF0320 5.50% 1/1/2049 <sup>(h)</sup>  | 9172 | 9552 |
| Fannie Mae Pool #BF0572 5.50% 4/1/2049 <sup>(h)</sup>  | 18367 | 18812 |
| Fannie Mae Pool #FM2675 4.00% 6/1/2049 <sup>(h)</sup>  | 4629 | 4479 |
| Fannie Mae Pool #FM1262 4.00% 7/1/2049 <sup>(h)</sup>  | 13392 | 12941 |
| Fannie Mae Pool #CA4819 4.00% 12/1/2049 <sup>(h)</sup>  | 6496 | 6258 |
| Fannie Mae Pool #FS5313 3.50% 1/1/2050 <sup>(h)</sup>  | 174550 | 163775 |
| Fannie Mae Pool #CA5216 3.00% 2/1/2050 <sup>(h)</sup>  | 13030 | 11769 |
| Fannie Mae Pool #CA5226 3.00% 2/1/2050 <sup>(h)</sup>  | 5245 | 4739 |
| Fannie Mae Pool #FM2676 4.00% 3/1/2050 <sup>(h)</sup>  | 4433 | 4273 |
| Fannie Mae Pool #FS3189 4.00% 4/1/2050 <sup>(h)</sup>  | 31232 | 30224 |

---

Capital Income Builder<sub>8</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #CA6168 2.50% 6/1/2050 <sup>(h)</sup>  | USD327 | $278 |
| Fannie Mae Pool #CA6079 2.50% 6/1/2050 <sup>(h)</sup>  | 17 | 14 |
| Fannie Mae Pool #CA6309 3.00% 7/1/2050 <sup>(h)</sup>  | 25729 | 23413 |
| Fannie Mae Pool #CA6349 3.00% 7/1/2050 <sup>(h)</sup>  | 10699 | 9525 |
| Fannie Mae Pool #CA6740 3.00% 8/1/2050 <sup>(h)</sup>  | 5959 | 5303 |
| Fannie Mae Pool #CA6987 2.00% 9/1/2050 <sup>(h)</sup>  | 890 | 724 |
| Fannie Mae Pool #CA7021 2.00% 9/1/2050 <sup>(h)</sup>  | 548 | 447 |
| Fannie Mae Pool #BQ1607 2.50% 9/1/2050 <sup>(h)</sup>  | 17 | 14 |
| Fannie Mae Pool #CA7048 3.00% 9/1/2050 <sup>(h)</sup>  | 3496 | 3152 |
| Fannie Mae Pool #CA7052 3.00% 9/1/2050 <sup>(h)</sup>  | 957 | 857 |
| Fannie Mae Pool #CA7381 3.00% 10/1/2050 <sup>(h)</sup>  | 9211 | 8200 |
| Fannie Mae Pool #FM4897 3.00% 11/1/2050 <sup>(h)</sup>  | 5046 | 4599 |
| Fannie Mae Pool #BQ8474 2.00% 12/1/2050 <sup>(h)</sup>  | 1289 | 1049 |
| Fannie Mae Pool #BQ8428 2.00% 12/1/2050 <sup>(h)</sup>  | 1239 | 1007 |
| Fannie Mae Pool #CA8046 3.00% 12/1/2050 <sup>(h)</sup>  | 20337 | 18535 |
| Fannie Mae Pool #FM5166 3.00% 12/1/2050 <sup>(h)</sup>  | 6494 | 5782 |
| Fannie Mae Pool #FS9792 4.50% 12/1/2050 <sup>(h)</sup>  | 380 | 378 |
| Fannie Mae Pool #BR0751 2.50% 1/1/2051 <sup>(h)</sup>  | 1305 | 1109 |
| Fannie Mae Pool #FS5929 2.50% 1/1/2051 <sup>(h)</sup>  | 947 | 806 |
| Fannie Mae Pool #FM5509 3.00% 1/1/2051 <sup>(h)</sup>  | 10420 | 9392 |
| Fannie Mae Pool #MA4255 2.00% 2/1/2051 <sup>(h)</sup>  | 3370 | 2759 |
| Fannie Mae Pool #FM6332 2.00% 2/1/2051 <sup>(h)</sup>  | 741 | 602 |
| Fannie Mae Pool #CA9199 2.50% 2/1/2051 <sup>(h)</sup>  | 281 | 241 |
| Fannie Mae Pool #BQ7757 2.00% 3/1/2051 <sup>(h)</sup>  | 1058 | 859 |
| Fannie Mae Pool #BQ7729 2.50% 3/1/2051 <sup>(h)</sup>  | 1000 | 850 |
| Fannie Mae Pool #BR3771 2.00% 4/1/2051 <sup>(h)</sup>  | 391 | 318 |
| Fannie Mae Pool #FS1564 2.00% 4/1/2051 <sup>(h)</sup>  | 69 | 56 |
| Fannie Mae Pool #BN9135 2.50% 4/1/2051 <sup>(h)</sup>  | 430 | 365 |
| Fannie Mae Pool #FM6965 2.50% 4/1/2051 <sup>(h)</sup>  | 389 | 331 |
| Fannie Mae Pool #CB0191 3.00% 4/1/2051 <sup>(h)</sup>  | 13213 | 11819 |
| Fannie Mae Pool #CB0193 3.00% 4/1/2051 <sup>(h)</sup>  | 1605 | 1440 |
| Fannie Mae Pool #FM7411 2.00% 5/1/2051 <sup>(h)</sup>  | 310 | 252 |
| Fannie Mae Pool #FM7556 3.50% 5/1/2051 <sup>(h)</sup>  | 22 | 21 |
| Fannie Mae Pool #FM8114 2.00% 6/1/2051 <sup>(h)</sup>  | 2203 | 1789 |
| Fannie Mae Pool #FM7909 3.00% 6/1/2051 <sup>(h)</sup>  | 1209 | 1082 |
| Fannie Mae Pool #CB1186 2.00% 7/1/2051 <sup>(h)</sup>  | 4833 | 3948 |
| Fannie Mae Pool #FM8194 2.00% 7/1/2051 <sup>(h)</sup>  | 1239 | 1006 |
| Fannie Mae Pool #CB0998 3.00% 7/1/2051 <sup>(h)</sup>  | 785 | 696 |
| Fannie Mae Pool #FM8477 3.00% 8/1/2051 <sup>(h)</sup>  | 9102 | 8199 |
| Fannie Mae Pool #FM8658 2.50% 9/1/2051 <sup>(h)</sup>  | 4082 | 3470 |
| Fannie Mae Pool #BT9828 2.50% 9/1/2051 <sup>(h)</sup>  | 288 | 245 |
| Fannie Mae Pool #FM9335 2.50% 10/1/2051 <sup>(h)</sup>  | 496 | 423 |
| Fannie Mae Pool #MA4465 2.00% 11/1/2051 <sup>(h)</sup>  | 2601 | 2125 |
| Fannie Mae Pool #BU6503 2.00% 11/1/2051 <sup>(h)</sup>  | 243 | 198 |
| Fannie Mae Pool #FM9632 3.00% 11/1/2051 <sup>(h)</sup>  | 34767 | 31244 |
| Fannie Mae Pool #FM9631 3.00% 11/1/2051 <sup>(h)</sup>  | 15143 | 13654 |
| Fannie Mae Pool #CB2095 3.00% 11/1/2051 <sup>(h)</sup>  | 2432 | 2159 |
| Fannie Mae Pool #CB2096 3.00% 11/1/2051 <sup>(h)</sup>  | 989 | 878 |
| Fannie Mae Pool #FS2824 2.50% 12/1/2051 <sup>(h)</sup>  | 13498 | 11474 |
| Fannie Mae Pool #BU3058 2.50% 12/1/2051 <sup>(h)</sup>  | 1970 | 1675 |
| Fannie Mae Pool #CB2414 3.00% 12/1/2051 <sup>(h)</sup>  | 17000 | 15363 |
| Fannie Mae Pool #FS0369 2.50% 1/1/2052 <sup>(h)</sup>  | 983 | 836 |
| Fannie Mae Pool #BU3083 2.50% 1/1/2052 <sup>(h)</sup>  | 220 | 187 |
| Fannie Mae Pool #FS0972 3.50% 1/1/2052 <sup>(h)</sup>  | 16891 | 15857 |
| Fannie Mae Pool #CB2928 2.50% 2/1/2052 <sup>(h)</sup>  | 635 | 540 |
| Fannie Mae Pool #FS0647 3.00% 2/1/2052 <sup>(h)</sup>  | 11142 | 10084 |
| Fannie Mae Pool #BV4169 2.00% 3/1/2052 <sup>(h)</sup>  | 747 | 607 |
| Fannie Mae Pool #BV1262 2.50% 3/1/2052 <sup>(h)</sup>  | 402 | 345 |
| Fannie Mae Pool #CB3164 2.50% 3/1/2052 <sup>(h)</sup>  | 328 | 280 |
| Fannie Mae Pool #CB3063 2.50% 3/1/2052 <sup>(h)</sup>  | 127 | 108 |
| Fannie Mae Pool #FS0752 3.00% 3/1/2052 <sup>(h)</sup>  | 42559 | 38101 |
| Fannie Mae Pool #BV4199 3.00% 3/1/2052 <sup>(h)</sup>  | 908 | 807 |
| Fannie Mae Pool #FS1374 3.00% 3/1/2052 <sup>(h)</sup>  | 716 | 636 |
| Fannie Mae Pool #BV6656 3.00% 3/1/2052 <sup>(h)</sup>  | 24 | 21 |
| Fannie Mae Pool #CB3179 3.50% 3/1/2052 <sup>(h)</sup>  | 22148 | 20568 |
| Fannie Mae Pool #CB3346 2.00% 4/1/2052 <sup>(h)</sup>  | 4926 | 4000 |

---

---

| | |
|:---|:---|
| **9** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FS6892 2.00% 4/1/2052 <sup>(h)</sup>  | USD61 | $50 |
| Fannie Mae Pool #BV4656 2.50% 4/1/2052 <sup>(h)</sup>  | 777 | 662 |
| Fannie Mae Pool #FS1629 2.50% 4/1/2052 <sup>(h)</sup>  | 559 | 475 |
| Fannie Mae Pool #CB3354 2.50% 4/1/2052 <sup>(h)</sup>  | 380 | 323 |
| Fannie Mae Pool #BV8126 2.50% 4/1/2052 <sup>(h)</sup>  | 315 | 268 |
| Fannie Mae Pool #BV4659 2.50% 4/1/2052 <sup>(h)</sup>  | 235 | 201 |
| Fannie Mae Pool #CB3353 2.50% 4/1/2052 <sup>(h)</sup>  | 217 | 185 |
| Fannie Mae Pool #CB3379 4.00% 4/1/2052 <sup>(h)</sup>  | 295 | 282 |
| Fannie Mae Pool #BV9644 2.50% 5/1/2052 <sup>(h)</sup>  | 330 | 281 |
| Fannie Mae Pool #BV7787 2.50% 5/1/2052 <sup>(h)</sup>  | 322 | 275 |
| Fannie Mae Pool #BW0336 2.50% 5/1/2052 <sup>(h)</sup>  | 320 | 273 |
| Fannie Mae Pool #MA4598 2.50% 5/1/2052 <sup>(h)</sup>  | 210 | 179 |
| Fannie Mae Pool #BV9818 2.50% 5/1/2052 <sup>(h)</sup>  | 143 | 122 |
| Fannie Mae Pool #FS4815 3.00% 5/1/2052 <sup>(h)</sup>  | 990 | 878 |
| Fannie Mae Pool #FS2009 3.00% 5/1/2052 <sup>(h)</sup>  | 37 | 33 |
| Fannie Mae Pool #BU8845 3.50% 5/1/2052 <sup>(h)</sup>  | 213 | 197 |
| Fannie Mae Pool #BU8729 2.00% 6/1/2052 <sup>(h)</sup>  | 2833 | 2307 |
| Fannie Mae Pool #BV9701 3.00% 6/1/2052 <sup>(h)</sup>  | 26612 | 23634 |
| Fannie Mae Pool #FS2676 3.00% 6/1/2052 <sup>(h)</sup>  | 985 | 875 |
| Fannie Mae Pool #FS6943 3.00% 6/1/2052 <sup>(h)</sup>  | 29 | 26 |
| Fannie Mae Pool #BW2333 3.50% 6/1/2052 <sup>(h)</sup>  | 74 | 68 |
| Fannie Mae Pool #MA4626 4.00% 6/1/2052 <sup>(h)</sup>  | 1715 | 1637 |
| Fannie Mae Pool #CB4021 4.00% 6/1/2052 <sup>(h)</sup>  | 616 | 588 |
| Fannie Mae Pool #FS7879 2.50% 7/1/2052 <sup>(h)</sup>  | 20593 | 17505 |
| Fannie Mae Pool #FA2839 2.50% 7/1/2052 <sup>(h)</sup>  | 12778 | 10864 |
| Fannie Mae Pool #CB4315 3.00% 7/1/2052 <sup>(h)</sup>  | 615 | 546 |
| Fannie Mae Pool #BW5402 5.50% 7/1/2052 <sup>(h)</sup>  | 41 | 42 |
| Fannie Mae Pool #MA4711 5.50% 7/1/2052 <sup>(h)</sup>  | 41 | 42 |
| Fannie Mae Pool #CB4145 5.50% 7/1/2052 <sup>(h)</sup>  | 33 | 34 |
| Fannie Mae Pool #BV8976 5.00% 8/1/2052 <sup>(h)</sup>  | 4128 | 4161 |
| Fannie Mae Pool #CB4418 5.50% 8/1/2052 <sup>(h)</sup>  | 88 | 89 |
| Fannie Mae Pool #BW9206 5.50% 8/1/2052 <sup>(h)</sup>  | 53 | 55 |
| Fannie Mae Pool #CB4421 5.50% 8/1/2052 <sup>(h)</sup>  | 27 | 28 |
| Fannie Mae Pool #FS2805 2.50% 9/1/2052 <sup>(h)</sup>  | 633 | 538 |
| Fannie Mae Pool #BW7332 3.50% 9/1/2052 <sup>(h)</sup>  | 196 | 180 |
| Fannie Mae Pool #BW9049 4.50% 9/1/2052 <sup>(h)</sup>  | 112 | 110 |
| Fannie Mae Pool #BW7372 5.50% 9/1/2052 <sup>(h)</sup>  | 72 | 73 |
| Fannie Mae Pool #BX1322 5.50% 9/1/2052 <sup>(h)</sup>  | 44 | 44 |
| Fannie Mae Pool #FS3056 2.00% 10/1/2052 <sup>(h)</sup>  | 2174 | 1773 |
| Fannie Mae Pool #MA4824 2.50% 10/1/2052 <sup>(h)</sup>  | 296 | 251 |
| Fannie Mae Pool #BV6789 4.00% 10/1/2052 <sup>(h)</sup>  | 566 | 539 |
| Fannie Mae Pool #BW1289 5.50% 10/1/2052 <sup>(h)</sup>  | 9172 | 9312 |
| Fannie Mae Pool #BW1243 5.50% 10/1/2052 <sup>(h)</sup>  | 8207 | 8336 |
| Fannie Mae Pool #BX1223 5.50% 10/1/2052 <sup>(h)</sup>  | 1422 | 1453 |
| Fannie Mae Pool #CB5020 5.50% 10/1/2052 <sup>(h)</sup>  | 347 | 353 |
| Fannie Mae Pool #BX1488 5.50% 10/1/2052 <sup>(h)</sup>  | 156 | 161 |
| Fannie Mae Pool #BW9929 5.50% 10/1/2052 <sup>(h)</sup>  | 43 | 44 |
| Fannie Mae Pool #MA4820 6.50% 10/1/2052 <sup>(h)</sup>  | 29 | 31 |
| Fannie Mae Pool #MA4805 4.50% 11/1/2052 <sup>(h)</sup>  | 2946 | 2885 |
| Fannie Mae Pool #BX4398 5.50% 11/1/2052 <sup>(h)</sup>  | 910 | 938 |
| Fannie Mae Pool #BX1298 5.50% 11/1/2052 <sup>(h)</sup>  | 70 | 72 |
| Fannie Mae Pool #MA4842 5.50% 12/1/2052 <sup>(h)</sup>  | 12621 | 12830 |
| Fannie Mae Pool #BX3716 5.50% 12/1/2052 <sup>(h)</sup>  | 418 | 424 |
| Fannie Mae Pool #BX3726 5.50% 12/1/2052 <sup>(h)</sup>  | 368 | 374 |
| Fannie Mae Pool #BX2464 5.50% 12/1/2052 <sup>(h)</sup>  | 203 | 206 |
| Fannie Mae Pool #BX2476 5.50% 12/1/2052 <sup>(h)</sup>  | 29 | 30 |
| Fannie Mae Pool #FS5520 4.50% 1/1/2053 <sup>(h)</sup>  | 19389 | 18993 |
| Fannie Mae Pool #BX5626 5.50% 1/1/2053 <sup>(h)</sup>  | 3930 | 3988 |
| Fannie Mae Pool #BX6633 5.50% 1/1/2053 <sup>(h)</sup>  | 924 | 937 |
| Fannie Mae Pool #BX5592 5.50% 1/1/2053 <sup>(h)</sup>  | 28 | 28 |
| Fannie Mae Pool #BX0856 5.50% 1/1/2053 <sup>(h)</sup>  | 28 | 28 |
| Fannie Mae Pool #MA4894 6.00% 1/1/2053 <sup>(h)</sup>  | 35482 | 36460 |
| Fannie Mae Pool #MA4919 5.50% 2/1/2053 <sup>(h)</sup>  | 20217 | 20525 |
| Fannie Mae Pool #BX4108 5.50% 2/1/2053 <sup>(h)</sup>  | 241 | 245 |
| Fannie Mae Pool #BX7384 5.50% 2/1/2053 <sup>(h)</sup>  | 106 | 107 |
| Fannie Mae Pool #BX6545 6.00% 2/1/2053 <sup>(h)</sup>  | 27759 | 28526 |

---

Capital Income Builder<sub>10</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #MA4999 3.00% 3/1/2053 <sup>(h)</sup>  | USD995 | $883 |
| Fannie Mae Pool #FS4152 5.50% 3/1/2053 <sup>(h)</sup>  | 5048 | 5125 |
| Fannie Mae Pool #BX7555 5.50% 3/1/2053 <sup>(h)</sup>  | 3646 | 3700 |
| Fannie Mae Pool #FS4191 5.50% 3/1/2053 <sup>(h)</sup>  | 2647 | 2695 |
| Fannie Mae Pool #MA5000 3.50% 4/1/2053 <sup>(h)</sup>  | 80 | 73 |
| Fannie Mae Pool #MA4979 5.50% 4/1/2053 <sup>(h)</sup>  | 41619 | 42244 |
| Fannie Mae Pool #MA4980 6.00% 4/1/2053 <sup>(h)</sup>  | 20927 | 21521 |
| Fannie Mae Pool #BX8415 6.00% 4/1/2053 <sup>(h)</sup>  | 1107 | 1143 |
| Fannie Mae Pool #BW9710 3.00% 5/1/2053 <sup>(h)</sup>  | 7059 | 6261 |
| Fannie Mae Pool #FS4563 5.00% 5/1/2053 <sup>(h)</sup>  | 2621 | 2629 |
| Fannie Mae Pool #MA5010 5.50% 5/1/2053 <sup>(h)</sup>  | 29698 | 30137 |
| Fannie Mae Pool #MA5011 6.00% 5/1/2053 <sup>(h)</sup>  | 76618 | 78817 |
| Fannie Mae Pool #BW9618 3.00% 6/1/2053 <sup>(h)</sup>  | 1956 | 1736 |
| Fannie Mae Pool #MA5039 5.50% 6/1/2053 <sup>(h)</sup>  | 124867 | 126652 |
| Fannie Mae Pool #FS5192 5.50% 6/1/2053 <sup>(h)</sup>  | 16220 | 16419 |
| Fannie Mae Pool #BY4218 5.50% 6/1/2053 <sup>(h)</sup>  | 888 | 902 |
| Fannie Mae Pool #BY5242 5.50% 6/1/2053 <sup>(h)</sup>  | 41 | 41 |
| Fannie Mae Pool #MA5040 6.00% 6/1/2053 <sup>(h)</sup>  | 44631 | 45832 |
| Fannie Mae Pool #CB6485 6.00% 6/1/2053 <sup>(h)</sup>  | 30945 | 31759 |
| Fannie Mae Pool #CB6486 6.00% 6/1/2053 <sup>(h)</sup>  | 19310 | 19829 |
| Fannie Mae Pool #CB6465 6.00% 6/1/2053 <sup>(h)</sup>  | 14109 | 14564 |
| Fannie Mae Pool #FS4933 6.00% 6/1/2053 <sup>(h)</sup>  | 4571 | 4694 |
| Fannie Mae Pool #CB6491 6.50% 6/1/2053 <sup>(h)</sup>  | 5409 | 5651 |
| Fannie Mae Pool #CB6490 6.50% 6/1/2053 <sup>(h)</sup>  | 1965 | 2042 |
| Fannie Mae Pool #CB6468 6.50% 6/1/2053 <sup>(h)</sup>  | 1443 | 1507 |
| Fannie Mae Pool #MA5070 4.50% 7/1/2053 <sup>(h)</sup>  | 5704 | 5581 |
| Fannie Mae Pool #MA5072 5.50% 7/1/2053 <sup>(h)</sup>  | 61 | 62 |
| Fannie Mae Pool #MA5073 6.00% 7/1/2053 <sup>(h)</sup>  | 24654 | 25288 |
| Fannie Mae Pool #MA5108 6.00% 8/1/2053 <sup>(h)</sup>  | 112996 | 115867 |
| Fannie Mae Pool #CB7018 4.00% 9/1/2053 <sup>(h)</sup>  | 31 | 29 |
| Fannie Mae Pool #MA5138 5.50% 9/1/2053 <sup>(h)</sup>  | 1206 | 1223 |
| Fannie Mae Pool #CB7104 5.50% 9/1/2053 <sup>(h)</sup>  | 95 | 97 |
| Fannie Mae Pool #CB7139 6.50% 9/1/2053 <sup>(h)</sup>  | 65928 | 68777 |
| Fannie Mae Pool #MA5166 6.00% 10/1/2053 <sup>(h)</sup>  | 787 | 807 |
| Fannie Mae Pool #CB7242 6.50% 10/1/2053 <sup>(h)</sup>  | 112 | 116 |
| Fannie Mae Pool #FS6838 5.50% 11/1/2053 <sup>(h)</sup>  | 479 | 486 |
| Fannie Mae Pool #MA5191 6.00% 11/1/2053 <sup>(h)</sup>  | 50204 | 51477 |
| Fannie Mae Pool #CB7426 6.50% 11/1/2053 <sup>(h)</sup>  | 3372 | 3508 |
| Fannie Mae Pool #CB7510 6.50% 11/1/2053 <sup>(h)</sup>  | 714 | 747 |
| Fannie Mae Pool #MA5192 6.50% 11/1/2053 <sup>(h)</sup>  | 38 | 39 |
| Fannie Mae Pool #CB7626 6.50% 12/1/2053 <sup>(h)</sup>  | 2734 | 2860 |
| Fannie Mae Pool #MA5247 6.00% 1/1/2054 <sup>(h)</sup>  | 111 | 114 |
| Fannie Mae Pool #FS6873 6.50% 1/1/2054 <sup>(h)</sup>  | 14801 | 15334 |
| Fannie Mae Pool #FS6767 6.50% 1/1/2054 <sup>(h)</sup>  | 1151 | 1208 |
| Fannie Mae Pool #FS7503 6.00% 2/1/2054 <sup>(h)</sup>  | 1684 | 1724 |
| Fannie Mae Pool #CB8151 5.50% 3/1/2054 <sup>(h)</sup>  | 4501 | 4560 |
| Fannie Mae Pool #CB8148 5.50% 3/1/2054 <sup>(h)</sup>  | 1844 | 1872 |
| Fannie Mae Pool #CB8163 6.00% 3/1/2054 <sup>(h)</sup>  | 636 | 655 |
| Fannie Mae Pool #CB8168 6.00% 3/1/2054 <sup>(h)</sup>  | 6 | 6 |
| Fannie Mae Pool #MA5295 6.00% 3/1/2054 <sup>(h)</sup>  | 1 | 2 |
| Fannie Mae Pool #CB8337 5.50% 4/1/2054 <sup>(h)</sup>  | 2326 | 2356 |
| Fannie Mae Pool #FS8153 6.00% 6/1/2054 <sup>(h)</sup>  | 3480 | 3601 |
| Fannie Mae Pool #DB6878 6.00% 6/1/2054 <sup>(h)</sup>  | 1213 | 1243 |
| Fannie Mae Pool #FS8223 6.00% 6/1/2054 <sup>(h)</sup>  | 406 | 416 |
| Fannie Mae Pool #FS8219 6.00% 6/1/2054 <sup>(h)</sup>  | 367 | 378 |
| Fannie Mae Pool #FP0128 6.50% 6/1/2054 <sup>(h)</sup>  | 2597 | 2690 |
| Fannie Mae Pool #BU4699 5.50% 7/1/2054 <sup>(h)</sup>  | 1102 | 1119 |
| Fannie Mae Pool #FS8467 5.50% 7/1/2054 <sup>(h)</sup>  | 271 | 276 |
| Fannie Mae Pool #MA5421 6.00% 7/1/2054 <sup>(h)</sup>  | 7427 | 7603 |
| Fannie Mae Pool #BU4700 6.00% 7/1/2054 <sup>(h)</sup>  | 4794 | 4926 |
| Fannie Mae Pool #CB8858 6.00% 7/1/2054 <sup>(h)</sup>  | 3315 | 3414 |
| Fannie Mae Pool #BU4791 6.00% 7/1/2054 <sup>(h)</sup>  | 2949 | 3018 |
| Fannie Mae Pool #FS8318 6.00% 7/1/2054 <sup>(h)</sup>  | 2362 | 2445 |
| Fannie Mae Pool #DB6901 6.00% 7/1/2054 <sup>(h)</sup>  | 750 | 767 |
| Fannie Mae Pool #DB7039 6.00% 7/1/2054 <sup>(h)</sup>  | 301 | 309 |
| Fannie Mae Pool #DB7783 5.50% 8/1/2054 <sup>(h)</sup>  | 25 | 25 |

---

---

| | |
|:---|:---|
| **11** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #FS8792 6.00% 8/1/2054 <sup>(h)</sup>  | USD2,557 | $2624 |
| Fannie Mae Pool #MA5445 6.00% 8/1/2054 <sup>(h)</sup>  | 2412 | 2469 |
| Fannie Mae Pool #FS8795 6.00% 8/1/2054 <sup>(h)</sup>  | 1405 | 1438 |
| Fannie Mae Pool #FS8757 6.00% 8/1/2054 <sup>(h)</sup>  | 1254 | 1296 |
| Fannie Mae Pool #FS8758 6.00% 8/1/2054 <sup>(h)</sup>  | 1013 | 1039 |
| Fannie Mae Pool #BU4916 6.00% 8/1/2054 <sup>(h)</sup>  | 602 | 617 |
| Fannie Mae Pool #BU4968 6.00% 8/1/2054 <sup>(h)</sup>  | 571 | 584 |
| Fannie Mae Pool #FS8756 6.00% 8/1/2054 <sup>(h)</sup>  | 503 | 518 |
| Fannie Mae Pool #FS9839 6.00% 8/1/2054 <sup>(h)</sup>  | 464 | 476 |
| Fannie Mae Pool #DB7687 6.00% 8/1/2054 <sup>(h)</sup>  | 144 | 148 |
| Fannie Mae Pool #DB7690 6.00% 8/1/2054 <sup>(h)</sup>  | 138 | 142 |
| Fannie Mae Pool #DC0296 6.00% 8/1/2054 <sup>(h)</sup>  | 118 | 122 |
| Fannie Mae Pool #CB9071 6.50% 8/1/2054 <sup>(h)</sup>  | 1378 | 1437 |
| Fannie Mae Pool #MA5446 6.50% 8/1/2054 <sup>(h)</sup>  | 551 | 571 |
| Fannie Mae Pool #BU4946 5.50% 9/1/2054 <sup>(h)</sup>  | 272 | 275 |
| Fannie Mae Pool #CB9210 5.50% 9/1/2054 <sup>(h)</sup>  | 83 | 84 |
| Fannie Mae Pool #CB9146 5.50% 9/1/2054 <sup>(h)</sup>  | 48 | 49 |
| Fannie Mae Pool #FS8866 6.00% 9/1/2054 <sup>(h)</sup>  | 1661 | 1709 |
| Fannie Mae Pool #DC3465 6.00% 9/1/2054 <sup>(h)</sup>  | 1591 | 1628 |
| Fannie Mae Pool #DC3262 6.00% 9/1/2054 <sup>(h)</sup>  | 1365 | 1396 |
| Fannie Mae Pool #DC3459 6.00% 9/1/2054 <sup>(h)</sup>  | 716 | 732 |
| Fannie Mae Pool #DC1873 6.00% 9/1/2054 <sup>(h)</sup>  | 10 | 10 |
| Fannie Mae Pool #MA5472 6.50% 9/1/2054 <sup>(h)</sup>  | 1670 | 1730 |
| Fannie Mae Pool #DC3877 6.00% 10/1/2054 <sup>(h)</sup>  | 1416 | 1449 |
| Fannie Mae Pool #DC2987 6.00% 10/1/2054 <sup>(h)</sup>  | 586 | 600 |
| Fannie Mae Pool #DC1762 6.00% 10/1/2054 <sup>(h)</sup>  | 440 | 451 |
| Fannie Mae Pool #MA5498 6.00% 10/1/2054 <sup>(h)</sup>  | 89 | 91 |
| Fannie Mae Pool #BU5049 6.50% 10/1/2054 <sup>(h)</sup>  | 1537 | 1609 |
| Fannie Mae Pool #FS9439 3.50% 11/1/2054 <sup>(h)</sup>  | 113 | 104 |
| Fannie Mae Pool #BU5165 5.50% 11/1/2054 <sup>(h)</sup>  | 6939 | 7037 |
| Fannie Mae Pool #DC7042 4.50% 12/1/2054 <sup>(h)</sup>  | 134 | 132 |
| Fannie Mae Pool #FA0287 6.00% 12/1/2054 <sup>(h)</sup>  | 1172 | 1199 |
| Fannie Mae Pool #MA5554 6.00% 12/1/2054 <sup>(h)</sup>  | 648 | 663 |
| Fannie Mae Pool #DC7035 6.00% 12/1/2054 <sup>(h)</sup>  | 485 | 496 |
| Fannie Mae Pool #DC7823 6.00% 12/1/2054 <sup>(h)</sup>  | 389 | 398 |
| Fannie Mae Pool #BU5259 6.50% 12/1/2054 <sup>(h)</sup>  | 4949 | 5151 |
| Fannie Mae Pool #MA5605 3.50% 1/1/2055 <sup>(h)</sup>  | 2000 | 1846 |
| Fannie Mae Pool #CB9736 4.50% 1/1/2055 <sup>(h)</sup>  | 972 | 948 |
| Fannie Mae Pool #MA5587 6.00% 1/1/2055 <sup>(h)</sup>  | 3523 | 3605 |
| Fannie Mae Pool #DC8675 6.00% 1/1/2055 <sup>(h)</sup>  | 2992 | 3062 |
| Fannie Mae Pool #DC9957 6.00% 1/1/2055 <sup>(h)</sup>  | 1449 | 1483 |
| Fannie Mae Pool #MA5612 4.50% 2/1/2055 <sup>(h)</sup>  | 6104 | 5954 |
| Fannie Mae Pool #MA5615 6.00% 2/1/2055 <sup>(h)</sup>  | 5031 | 5148 |
| Fannie Mae Pool #DD2501 6.00% 2/1/2055 <sup>(h)</sup>  | 2741 | 2812 |
| Fannie Mae Pool #MA5665 3.50% 3/1/2055 <sup>(h)</sup>  | 534 | 492 |
| Fannie Mae Pool #MA5644 4.50% 3/1/2055 <sup>(h)</sup>  | 1330 | 1297 |
| Fannie Mae Pool #MA5647 6.00% 3/1/2055 <sup>(h)</sup>  | 1782 | 1824 |
| Fannie Mae Pool #FA2843 6.50% 3/1/2055 <sup>(h)</sup>  | 4041 | 4190 |
| Fannie Mae Pool #MA5649 7.00% 3/1/2055 <sup>(h)</sup>  | 23182 | 24275 |
| Fannie Mae Pool #MA5693 3.50% 4/1/2055 <sup>(h)</sup>  | 494 | 456 |
| Fannie Mae Pool #MA5671 4.50% 4/1/2055 <sup>(h)</sup>  | 1407 | 1372 |
| Fannie Mae Pool #MA5674 6.00% 4/1/2055 <sup>(h)</sup>  | 6726 | 6881 |
| Fannie Mae Pool #DD4459 6.00% 4/1/2055 <sup>(h)</sup>  | 3986 | 4078 |
| Fannie Mae Pool #FA1162 6.00% 4/1/2055 <sup>(h)</sup>  | 1056 | 1081 |
| Fannie Mae Pool #MA5725 3.50% 5/1/2055 <sup>(h)</sup>  | 782 | 722 |
| Fannie Mae Pool #DD9126 4.00% 5/1/2055 <sup>(h)</sup>  | 3756 | 3566 |
| Fannie Mae Pool #MA5701 6.00% 5/1/2055 <sup>(h)</sup>  | 11287 | 11545 |
| Fannie Mae Pool #DD9150 6.00% 5/1/2055 <sup>(h)</sup>  | 879 | 899 |
| Fannie Mae Pool #MA5734 5.00% 6/1/2055 <sup>(h)</sup>  | 130 | 129 |
| Fannie Mae Pool #DE1532 6.00% 6/1/2055 <sup>(h)</sup>  | 997 | 1021 |
| Fannie Mae Pool #MA5761 6.00% 7/1/2055 <sup>(h)</sup>  | 8352 | 8545 |
| Fannie Mae Pool #DE2192 6.00% 7/1/2055 <sup>(h)</sup>  | 5642 | 5771 |
| Fannie Mae Pool #FA2842 6.50% 7/1/2055 <sup>(h)</sup>  | 13909 | 14416 |
| Fannie Mae Pool #MA5793 6.00% 8/1/2055 <sup>(h)</sup>  | 19102 | 19550 |
| Fannie Mae Pool #CC0879 6.00% 8/1/2055 <sup>(h)</sup>  | 3415 | 3535 |
| Fannie Mae Pool #MA5849 3.50% 10/1/2055 <sup>(h)</sup>  | 202 | 186 |

---

Capital Income Builder<sub>12</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Fannie Mae Pool #BF0133 4.00% 8/1/2056 <sup>(h)</sup>  | USD398 | $379 |
| Fannie Mae Pool #BF0142 5.50% 8/1/2056 <sup>(h)</sup>  | 30593 | 31868 |
| Fannie Mae Pool #BF0145 3.50% 3/1/2057 <sup>(h)</sup>  | 25064 | 22999 |
| Fannie Mae Pool #BF0339 5.00% 1/1/2059 <sup>(h)</sup>  | 28266 | 28534 |
| Fannie Mae Pool #BF0342 5.50% 1/1/2059 <sup>(h)</sup>  | 20847 | 21303 |
| Fannie Mae Pool #BF0379 3.50% 4/1/2059 <sup>(h)</sup>  | 58848 | 53926 |
| Fannie Mae Pool #BM6737 4.50% 11/1/2059 <sup>(h)</sup>  | 46145 | 45212 |
| Fannie Mae Pool #BF0497 3.00% 7/1/2060 <sup>(h)</sup>  | 21092 | 18413 |
| Fannie Mae Pool #BF0548 3.00% 7/1/2061 <sup>(h)</sup>  | 15723 | 13628 |
| Fannie Mae Pool #BF0647 3.00% 6/1/2062 <sup>(h)</sup>  | 16898 | 14825 |
| Fannie Mae Pool #BF0762 3.00% 9/1/2063 <sup>(h)</sup>  | 7943 | 6885 |
| Fannie Mae Pool #BF0765 3.50% 9/1/2063 <sup>(h)</sup>  | 33340 | 30257 |
| Fannie Mae Pool #BF0763 3.50% 9/1/2063 <sup>(h)</sup>  | 6603 | 6043 |
| Fannie Mae Pool #BF0784 3.50% 12/1/2063 <sup>(h)</sup>  | 3559 | 3230 |
| Fannie Mae Pool #BF0786 4.00% 12/1/2063 <sup>(h)</sup>  | 601 | 567 |
| Fannie Mae, Series 2001-25, Class ZA, 6.50% 6/25/2031 <sup>(h)</sup>  | 90 | 90 |
| Fannie Mae, Series 2006-65, Class PF, (30-day Average USD-SOFR + 0.394%) 4.577% 7/25/2036 <sup>(h)(i)</sup>  | 338 | 335 |
| Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/2041 <sup>(h)</sup>  | 12 | 13 |
| Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041 <sup>(h)</sup>  | 30 | 31 |
| Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2/25/2027 <sup>(h)(i)</sup>  | 2215 | 2184 |
| Fannie Mae, Series 2006-51, Class PO, principal only, 0% 3/25/2036 <sup>(h)</sup>  | 97 | 94 |
| Fannie Mae, Series 2006-32, Class OA, principal only, 0% 5/25/2036 <sup>(h)</sup>  | 331 | 289 |
| Fannie Mae, Series 2006-56, Class OG, principal only, 0% 7/25/2036 <sup>(h)</sup>  | 43 | 38 |
| Fannie Mae, Series 2006-96, Class OP, principal only, 0% 10/25/2036 <sup>(h)</sup>  | 71 | 65 |
| Freddie Mac Pool #ZK3460 3.50% 8/1/2026 <sup>(h)</sup>  | 2 | 2 |
| Freddie Mac Pool #RD5008 3.50% 9/1/2029 <sup>(h)</sup>  | 61 | 61 |
| Freddie Mac Pool #ZS7148 3.50% 4/1/2030 <sup>(h)</sup>  | 4 | 4 |
| Freddie Mac Pool #V62089 3.50% 6/1/2033 <sup>(h)</sup>  | 150 | 148 |
| Freddie Mac Pool #ZS8716 3.50% 9/1/2033 <sup>(h)</sup>  | 125 | 123 |
| Freddie Mac Pool #G18723 3.50% 2/1/2034 <sup>(h)</sup>  | 2071 | 2046 |
| Freddie Mac Pool #ZT1799 3.50% 3/1/2034 <sup>(h)</sup>  | 294 | 290 |
| Freddie Mac Pool #QN3000 1.50% 8/1/2035 <sup>(h)</sup>  | 157 | 142 |
| Freddie Mac Pool #RC2555 2.50% 3/1/2037 <sup>(h)</sup>  | 79 | 74 |
| Freddie Mac Pool #SB0649 2.50% 4/1/2037 <sup>(h)</sup>  | 1711 | 1610 |
| Freddie Mac Pool #SB8175 2.50% 9/1/2037 <sup>(h)</sup>  | 78 | 73 |
| Freddie Mac Pool #QO1051 2.50% 11/1/2037 <sup>(h)</sup>  | 36 | 33 |
| Freddie Mac Pool #SB1388 2.50% 1/1/2038 <sup>(h)</sup>  | 149 | 140 |
| Freddie Mac Pool #ZA2505 3.50% 5/1/2038 <sup>(h)</sup>  | 213 | 206 |
| Freddie Mac Pool #A76884 5.00% 5/1/2038 <sup>(h)</sup>  | 139 | 140 |
| Freddie Mac Pool #G04697 5.50% 9/1/2038 <sup>(h)</sup>  | 596 | 621 |
| Freddie Mac Pool #SC0297 5.50% 10/1/2038 <sup>(h)</sup>  | 5 | 5 |
| Freddie Mac Pool #A87873 5.00% 8/1/2039 <sup>(h)</sup>  | 2187 | 2236 |
| Freddie Mac Pool #G06789 6.00% 5/1/2040 <sup>(h)</sup>  | 25 | 26 |
| Freddie Mac Pool #RB5071 2.00% 9/1/2040 <sup>(h)</sup>  | 1564 | 1364 |
| Freddie Mac Pool #G06061 4.00% 10/1/2040 <sup>(h)</sup>  | 370 | 364 |
| Freddie Mac Pool #SC0149 2.00% 3/1/2041 <sup>(h)</sup>  | 9926 | 8606 |
| Freddie Mac Pool #Q00232 4.50% 4/1/2041 <sup>(h)</sup>  | 3506 | 3532 |
| Freddie Mac Pool #Q00850 4.50% 5/1/2041 <sup>(h)</sup>  | 120 | 121 |
| Freddie Mac Pool #RB0544 2.00% 6/1/2041 <sup>(h)</sup>  | 4715 | 4134 |
| Freddie Mac Pool #G06841 5.50% 6/1/2041 <sup>(h)</sup>  | 1161 | 1208 |
| Freddie Mac Pool #G08456 5.00% 7/1/2041 <sup>(h)</sup>  | 88 | 90 |
| Freddie Mac Pool #G60546 4.00% 12/1/2042 <sup>(h)</sup>  | 3185 | 3126 |
| Freddie Mac Pool #Q21442 4.50% 8/1/2043 <sup>(h)</sup>  | 274 | 274 |
| Freddie Mac Pool #G60138 3.50% 8/1/2045 <sup>(h)</sup>  | 11201 | 10661 |
| Freddie Mac Pool #760014 4.639% 8/1/2045 <sup>(h)(i)</sup>  | 449 | 448 |
| Freddie Mac Pool #G60279 4.00% 10/1/2045 <sup>(h)</sup>  | 3231 | 3138 |
| Freddie Mac Pool #Q41088 4.00% 6/1/2046 <sup>(h)</sup>  | 7577 | 7346 |
| Freddie Mac Pool #Q41905 4.00% 7/1/2046 <sup>(h)</sup>  | 2560 | 2483 |
| Freddie Mac Pool #Q42626 4.00% 8/1/2046 <sup>(h)</sup>  | 2862 | 2776 |
| Freddie Mac Pool #T65389 3.50% 9/1/2046 <sup>(h)</sup>  | 44 | 41 |
| Freddie Mac Pool #Q44227 4.00% 9/1/2046 <sup>(h)</sup>  | 749 | 726 |
| Freddie Mac Pool #Q49716 4.50% 8/1/2047 <sup>(h)</sup>  | 327 | 323 |
| Freddie Mac Pool #ZS4735 3.50% 9/1/2047 <sup>(h)</sup>  | 2154 | 2028 |
| Freddie Mac Pool #G08793 4.00% 12/1/2047 <sup>(h)</sup>  | 13161 | 12753 |
| Freddie Mac Pool #Q52596 4.50% 12/1/2047 <sup>(h)</sup>  | 274 | 272 |
| Freddie Mac Pool #SI2002 4.00% 3/1/2048 <sup>(h)</sup>  | 669 | 647 |

---

---

| | |
|:---|:---|
| **13** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #Q55986 4.50% 5/1/2048 <sup>(h)</sup>  | USD4,781 | $4756 |
| Freddie Mac Pool #Z40273 4.50% 10/1/2048 <sup>(h)</sup>  | 584 | 581 |
| Freddie Mac Pool #ZT1704 4.50% 1/1/2049 <sup>(h)</sup>  | 113251 | 112641 |
| Freddie Mac Pool #QA5741 3.00% 12/1/2049 <sup>(h)</sup>  | 2342 | 2127 |
| Freddie Mac Pool #QA5125 3.50% 12/1/2049 <sup>(h)</sup>  | 1071 | 1008 |
| Freddie Mac Pool #RA3055 2.50% 7/1/2050 <sup>(h)</sup>  | 446 | 380 |
| Freddie Mac Pool #QB2937 2.00% 8/1/2050 <sup>(h)</sup>  | 777 | 633 |
| Freddie Mac Pool #RA3384 3.00% 8/1/2050 <sup>(h)</sup>  | 957 | 857 |
| Freddie Mac Pool #RA3506 3.00% 9/1/2050 <sup>(h)</sup>  | 11134 | 9961 |
| Freddie Mac Pool #QB6698 2.00% 12/1/2050 <sup>(h)</sup>  | 42 | 34 |
| Freddie Mac Pool #QB8934 2.50% 2/1/2051 <sup>(h)</sup>  | 318 | 270 |
| Freddie Mac Pool #QC0474 2.00% 4/1/2051 <sup>(h)</sup>  | 24 | 20 |
| Freddie Mac Pool #SD0566 2.50% 4/1/2051 <sup>(h)</sup>  | 985 | 837 |
| Freddie Mac Pool #RA5267 3.00% 5/1/2051 <sup>(h)</sup>  | 6954 | 6218 |
| Freddie Mac Pool #SD3095 2.50% 7/1/2051 <sup>(h)</sup>  | 938 | 798 |
| Freddie Mac Pool #QC4305 3.00% 7/1/2051 <sup>(h)</sup>  | 3899 | 3460 |
| Freddie Mac Pool #QC7439 2.00% 9/1/2051 <sup>(h)</sup>  | 930 | 758 |
| Freddie Mac Pool #RA5767 2.50% 9/1/2051 <sup>(h)</sup>  | 1510 | 1284 |
| Freddie Mac Pool #RA5901 3.00% 9/1/2051 <sup>(h)</sup>  | 6573 | 5879 |
| Freddie Mac Pool #RA5841 3.00% 9/1/2051 <sup>(h)</sup>  | 4889 | 4337 |
| Freddie Mac Pool #QC9251 2.50% 10/1/2051 <sup>(h)</sup>  | 899 | 764 |
| Freddie Mac Pool #QC8196 2.50% 10/1/2051 <sup>(h)</sup>  | 684 | 581 |
| Freddie Mac Pool #SD1345 2.50% 10/1/2051 <sup>(h)</sup>  | 609 | 518 |
| Freddie Mac Pool #RA6347 3.00% 11/1/2051 <sup>(h)</sup>  | 7258 | 6492 |
| Freddie Mac Pool #SD8182 2.00% 12/1/2051 <sup>(h)</sup>  | 791 | 646 |
| Freddie Mac Pool #RA6427 3.00% 12/1/2051 <sup>(h)</sup>  | 882 | 783 |
| Freddie Mac Pool #SD7551 3.00% 1/1/2052 <sup>(h)</sup>  | 57535 | 51885 |
| Freddie Mac Pool #QD5189 3.00% 1/1/2052 <sup>(h)</sup>  | 54 | 48 |
| Freddie Mac Pool #RA6531 3.50% 1/1/2052 <sup>(h)</sup>  | 22 | 21 |
| Freddie Mac Pool #RA6805 3.00% 2/1/2052 <sup>(h)</sup>  | 12683 | 11345 |
| Freddie Mac Pool #QD7059 3.00% 2/1/2052 <sup>(h)</sup>  | 1019 | 904 |
| Freddie Mac Pool #RA6973 2.00% 3/1/2052 <sup>(h)</sup>  | 4131 | 3366 |
| Freddie Mac Pool #QD8010 2.00% 3/1/2052 <sup>(h)</sup>  | 899 | 732 |
| Freddie Mac Pool #QD8820 2.00% 3/1/2052 <sup>(h)</sup>  | 84 | 68 |
| Freddie Mac Pool #SD3226 2.50% 3/1/2052 <sup>(h)</sup>  | 5735 | 4875 |
| Freddie Mac Pool #SD1660 2.50% 3/1/2052 <sup>(h)</sup>  | 305 | 260 |
| Freddie Mac Pool #QD8423 2.50% 3/1/2052 <sup>(h)</sup>  | 276 | 235 |
| Freddie Mac Pool #QD9657 2.50% 3/1/2052 <sup>(h)</sup>  | 28 | 24 |
| Freddie Mac Pool #QE1005 2.50% 4/1/2052 <sup>(h)</sup>  | 605 | 514 |
| Freddie Mac Pool #QE2352 2.50% 5/1/2052 <sup>(h)</sup>  | 990 | 842 |
| Freddie Mac Pool #SD8213 3.00% 5/1/2052 <sup>(h)</sup>  | 53885 | 47966 |
| Freddie Mac Pool #SD8220 3.00% 6/1/2052 <sup>(h)</sup>  | 31282 | 27768 |
| Freddie Mac Pool #SD6203 3.00% 6/1/2052 <sup>(h)</sup>  | 1802 | 1598 |
| Freddie Mac Pool #SD4120 3.00% 6/1/2052 <sup>(h)</sup>  | 89 | 79 |
| Freddie Mac Pool #RA7556 4.50% 6/1/2052 <sup>(h)</sup>  | 63902 | 62602 |
| Freddie Mac Pool #SL2621 2.50% 7/1/2052 <sup>(h)</sup>  | 14533 | 12354 |
| Freddie Mac Pool #SD4815 2.50% 7/1/2052 <sup>(h)</sup>  | 557 | 474 |
| Freddie Mac Pool #SD5368 2.50% 7/1/2052 <sup>(h)</sup>  | 401 | 341 |
| Freddie Mac Pool #SD8225 3.00% 7/1/2052 <sup>(h)</sup>  | 11456 | 10164 |
| Freddie Mac Pool #SD6647 3.50% 7/1/2052 <sup>(h)</sup>  | 108 | 99 |
| Freddie Mac Pool #SD1406 2.00% 8/1/2052 <sup>(h)</sup>  | 745 | 607 |
| Freddie Mac Pool #SD8235 3.00% 8/1/2052 <sup>(h)</sup>  | 987 | 876 |
| Freddie Mac Pool #SD7556 3.00% 8/1/2052 <sup>(h)</sup>  | 707 | 634 |
| Freddie Mac Pool #SD8251 5.50% 8/1/2052 <sup>(h)</sup>  | 40 | 40 |
| Freddie Mac Pool #SD8242 3.00% 9/1/2052 <sup>(h)</sup>  | 8973 | 7974 |
| Freddie Mac Pool #SD2986 3.50% 9/1/2052 <sup>(h)</sup>  | 790 | 729 |
| Freddie Mac Pool #SD1584 4.50% 9/1/2052 <sup>(h)</sup>  | 14507 | 14378 |
| Freddie Mac Pool #QE9222 5.00% 9/1/2052 <sup>(h)</sup>  | 46778 | 46797 |
| Freddie Mac Pool #RA7938 5.00% 9/1/2052 <sup>(h)</sup>  | 2614 | 2618 |
| Freddie Mac Pool #QE8785 5.50% 9/1/2052 <sup>(h)</sup>  | 2000 | 2027 |
| Freddie Mac Pool #SD1831 5.50% 10/1/2052 <sup>(h)</sup>  | 1783 | 1821 |
| Freddie Mac Pool #QF1113 5.50% 10/1/2052 <sup>(h)</sup>  | 1432 | 1463 |
| Freddie Mac Pool #QF3150 5.50% 10/1/2052 <sup>(h)</sup>  | 1231 | 1263 |
| Freddie Mac Pool #QF1433 5.50% 10/1/2052 <sup>(h)</sup>  | 30 | 31 |
| Freddie Mac Pool #SD2948 5.50% 11/1/2052 <sup>(h)</sup>  | 29009 | 29442 |
| Freddie Mac Pool #QF3380 5.50% 11/1/2052 <sup>(h)</sup>  | 3304 | 3374 |

---

Capital Income Builder<sub>14</sub>

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QF2409 5.50% 11/1/2052 <sup>(h)</sup>  | USD1,685 | $1722 |
| Freddie Mac Pool #QF2472 5.50% 11/1/2052 <sup>(h)</sup>  | 921 | 940 |
| Freddie Mac Pool #SD8280 6.50% 11/1/2052 <sup>(h)</sup>  | 19 | 20 |
| Freddie Mac Pool #SD2602 3.00% 12/1/2052 <sup>(h)</sup>  | 2284 | 2028 |
| Freddie Mac Pool #SD4116 4.50% 12/1/2052 <sup>(h)</sup>  | 16532 | 16187 |
| Freddie Mac Pool #SD8276 5.00% 12/1/2052 <sup>(h)</sup>  | 4332 | 4332 |
| Freddie Mac Pool #QF6034 5.50% 12/1/2052 <sup>(h)</sup>  | 83 | 84 |
| Freddie Mac Pool #QF4188 5.50% 12/1/2052 <sup>(h)</sup>  | 78 | 80 |
| Freddie Mac Pool #SD8312 2.50% 1/1/2053 <sup>(h)</sup>  | 500 | 426 |
| Freddie Mac Pool #SD8303 2.50% 1/1/2053 <sup>(h)</sup>  | 436 | 371 |
| Freddie Mac Pool #SD8287 4.50% 1/1/2053 <sup>(h)</sup>  | 1070 | 1048 |
| Freddie Mac Pool #QF6796 5.50% 1/1/2053 <sup>(h)</sup>  | 116 | 117 |
| Freddie Mac Pool #QF7483 5.50% 2/1/2053 <sup>(h)</sup>  | 9764 | 9903 |
| Freddie Mac Pool #QF7073 5.50% 2/1/2053 <sup>(h)</sup>  | 3700 | 3755 |
| Freddie Mac Pool #QF8331 5.50% 2/1/2053 <sup>(h)</sup>  | 3220 | 3266 |
| Freddie Mac Pool #QF9106 5.50% 2/1/2053 <sup>(h)</sup>  | 937 | 950 |
| Freddie Mac Pool #SD2402 6.00% 2/1/2053 <sup>(h)</sup>  | 13848 | 14380 |
| Freddie Mac Pool #SD8301 6.00% 2/1/2053 <sup>(h)</sup>  | 65 | 67 |
| Freddie Mac Pool #QF8351 5.50% 3/1/2053 <sup>(h)</sup>  | 2395 | 2433 |
| Freddie Mac Pool #QF8462 5.50% 3/1/2053 <sup>(h)</sup>  | 304 | 308 |
| Freddie Mac Pool #SD2716 5.00% 4/1/2053 <sup>(h)</sup>  | 3992 | 4004 |
| Freddie Mac Pool #SD8316 5.50% 4/1/2053 <sup>(h)</sup>  | 42754 | 43278 |
| Freddie Mac Pool #QG1023 5.50% 4/1/2053 <sup>(h)</sup>  | 8000 | 8118 |
| Freddie Mac Pool #QG0657 5.50% 4/1/2053 <sup>(h)</sup>  | 3060 | 3108 |
| Freddie Mac Pool #SD3369 5.50% 5/1/2053 <sup>(h)</sup>  | 1134 | 1146 |
| Freddie Mac Pool #SD8325 6.00% 5/1/2053 <sup>(h)</sup>  | 173312 | 178013 |
| Freddie Mac Pool #QG3376 6.00% 5/1/2053 <sup>(h)</sup>  | 809 | 835 |
| Freddie Mac Pool #SD2979 6.50% 5/1/2053 <sup>(h)</sup>  | 2059 | 2171 |
| Freddie Mac Pool #SD8329 5.00% 6/1/2053 <sup>(h)</sup>  | 296 | 296 |
| Freddie Mac Pool #SD8331 5.50% 6/1/2053 <sup>(h)</sup>  | 89689 | 90678 |
| Freddie Mac Pool #SD3505 6.00% 6/1/2053 <sup>(h)</sup>  | 30933 | 31771 |
| Freddie Mac Pool #SD3175 6.00% 6/1/2053 <sup>(h)</sup>  | 8552 | 8778 |
| Freddie Mac Pool #RA9279 6.00% 6/1/2053 <sup>(h)</sup>  | 6412 | 6636 |
| Freddie Mac Pool #RA9283 6.00% 6/1/2053 <sup>(h)</sup>  | 5706 | 5859 |
| Freddie Mac Pool #RA9281 6.00% 6/1/2053 <sup>(h)</sup>  | 3886 | 4011 |
| Freddie Mac Pool #RA9284 6.00% 6/1/2053 <sup>(h)</sup>  | 3181 | 3309 |
| Freddie Mac Pool #RA9294 6.50% 6/1/2053 <sup>(h)</sup>  | 4329 | 4516 |
| Freddie Mac Pool #RA9292 6.50% 6/1/2053 <sup>(h)</sup>  | 3931 | 4101 |
| Freddie Mac Pool #RA9289 6.50% 6/1/2053 <sup>(h)</sup>  | 3661 | 3867 |
| Freddie Mac Pool #RA9288 6.50% 6/1/2053 <sup>(h)</sup>  | 3544 | 3747 |
| Freddie Mac Pool #RA9287 6.50% 6/1/2053 <sup>(h)</sup>  | 2539 | 2689 |
| Freddie Mac Pool #RA9290 6.50% 6/1/2053 <sup>(h)</sup>  | 1992 | 2100 |
| Freddie Mac Pool #RA9291 6.50% 6/1/2053 <sup>(h)</sup>  | 1242 | 1290 |
| Freddie Mac Pool #RA9295 6.50% 6/1/2053 <sup>(h)</sup>  | 1090 | 1158 |
| Freddie Mac Pool #QG7176 3.00% 7/1/2053 <sup>(h)</sup>  | 4856 | 4308 |
| Freddie Mac Pool #SD8341 5.00% 7/1/2053 <sup>(h)</sup>  | 22 | 22 |
| Freddie Mac Pool #SD8342 5.50% 7/1/2053 <sup>(h)</sup>  | 194 | 197 |
| Freddie Mac Pool #SD3356 6.00% 7/1/2053 <sup>(h)</sup>  | 10066 | 10328 |
| Freddie Mac Pool #SD3432 6.00% 7/1/2053 <sup>(h)</sup>  | 309 | 321 |
| Freddie Mac Pool #SD3512 6.00% 8/1/2053 <sup>(h)</sup>  | 143 | 147 |
| Freddie Mac Pool #RJ0147 2.50% 9/1/2053 <sup>(h)</sup>  | 108 | 92 |
| Freddie Mac Pool #SD8362 5.50% 9/1/2053 <sup>(h)</sup>  | 116 | 118 |
| Freddie Mac Pool #RA9865 6.50% 9/1/2053 <sup>(h)</sup>  | 41942 | 44049 |
| Freddie Mac Pool #SL1562 3.00% 10/1/2053 <sup>(h)</sup>  | 9625 | 8553 |
| Freddie Mac Pool #SD8367 5.50% 10/1/2053 <sup>(h)</sup>  | 14658 | 14847 |
| Freddie Mac Pool #SD4053 6.00% 10/1/2053 <sup>(h)</sup>  | 304 | 312 |
| Freddie Mac Pool #SD4977 5.00% 11/1/2053 <sup>(h)</sup>  | 48806 | 48769 |
| Freddie Mac Pool #QH3557 6.50% 11/1/2053 <sup>(h)</sup>  | 3179 | 3339 |
| Freddie Mac Pool #RJ0326 6.50% 11/1/2053 <sup>(h)</sup>  | 380 | 395 |
| Freddie Mac Pool #SD8374 6.50% 11/1/2053 <sup>(h)</sup>  | 49 | 51 |
| Freddie Mac Pool #SD4583 3.50% 12/1/2053 <sup>(h)</sup>  | 218 | 201 |
| Freddie Mac Pool #SD5500 2.00% 1/1/2054 <sup>(h)</sup>  | 66 | 54 |
| Freddie Mac Pool #RJ0668 6.00% 1/1/2054 <sup>(h)</sup>  | 6301 | 6470 |
| Freddie Mac Pool #SD4795 6.00% 1/1/2054 <sup>(h)</sup>  | 4268 | 4385 |
| Freddie Mac Pool #SD8396 6.00% 1/1/2054 <sup>(h)</sup>  | 34 | 35 |
| Freddie Mac Pool #SD4693 6.50% 1/1/2054 <sup>(h)</sup>  | 429 | 445 |

---

---

| | |
|:---|:---|
| **15** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #RJ0854 6.50% 1/1/2054 <sup>(h)</sup>  | USD16 | $17 |
| Freddie Mac Pool #SD8401 5.50% 2/1/2054 <sup>(h)</sup>  | 308 | 312 |
| Freddie Mac Pool #SD8402 6.00% 2/1/2054 <sup>(h)</sup>  | 12515 | 12815 |
| Freddie Mac Pool #SD8408 5.50% 3/1/2054 <sup>(h)</sup>  | 11864 | 12009 |
| Freddie Mac Pool #RJ1216 5.50% 4/1/2054 <sup>(h)</sup>  | 1316 | 1341 |
| Freddie Mac Pool #RJ1215 5.50% 4/1/2054 <sup>(h)</sup>  | 935 | 946 |
| Freddie Mac Pool #SD5303 6.00% 4/1/2054 <sup>(h)</sup>  | 3247 | 3347 |
| Freddie Mac Pool #QI3333 6.00% 4/1/2054 <sup>(h)</sup>  | 180 | 186 |
| Freddie Mac Pool #RJ1512 5.50% 5/1/2054 <sup>(h)</sup>  | 24693 | 25215 |
| Freddie Mac Pool #SD8432 6.00% 5/1/2054 <sup>(h)</sup>  | 459 | 470 |
| Freddie Mac Pool #SD5692 6.00% 5/1/2054 <sup>(h)</sup>  | 232 | 240 |
| Freddie Mac Pool #RJ1855 5.00% 6/1/2054 <sup>(h)</sup>  | 6855 | 6844 |
| Freddie Mac Pool #RJ1768 5.50% 6/1/2054 <sup>(h)</sup>  | 847 | 864 |
| Freddie Mac Pool #SD8439 6.00% 6/1/2054 <sup>(h)</sup>  | 40 | 41 |
| Freddie Mac Pool #RJ1797 6.50% 6/1/2054 <sup>(h)</sup>  | 78 | 81 |
| Freddie Mac Pool #SD8446 5.50% 7/1/2054 <sup>(h)</sup>  | 1829 | 1850 |
| Freddie Mac Pool #QI8872 5.50% 7/1/2054 <sup>(h)</sup>  | 541 | 550 |
| Freddie Mac Pool #RJ1964 6.00% 7/1/2054 <sup>(h)</sup>  | 7157 | 7439 |
| Freddie Mac Pool #RJ1975 6.00% 7/1/2054 <sup>(h)</sup>  | 5070 | 5224 |
| Freddie Mac Pool #QI8874 6.00% 7/1/2054 <sup>(h)</sup>  | 1951 | 2002 |
| Freddie Mac Pool #SD5813 6.00% 7/1/2054 <sup>(h)</sup>  | 1301 | 1342 |
| Freddie Mac Pool #SD6143 6.00% 7/1/2054 <sup>(h)</sup>  | 752 | 770 |
| Freddie Mac Pool #SD5873 6.00% 7/1/2054 <sup>(h)</sup>  | 540 | 553 |
| Freddie Mac Pool #SD5896 6.00% 7/1/2054 <sup>(h)</sup>  | 321 | 330 |
| Freddie Mac Pool #SD8448 6.50% 7/1/2054 <sup>(h)</sup>  | 8224 | 8520 |
| Freddie Mac Pool #RJ1986 6.50% 7/1/2054 <sup>(h)</sup>  | 300 | 311 |
| Freddie Mac Pool #RJ2200 5.50% 8/1/2054 <sup>(h)</sup>  | 1853 | 1879 |
| Freddie Mac Pool #RJ2206 5.50% 8/1/2054 <sup>(h)</sup>  | 1173 | 1188 |
| Freddie Mac Pool #RJ2243 5.50% 8/1/2054 <sup>(h)</sup>  | 1074 | 1088 |
| Freddie Mac Pool #RJ2203 5.50% 8/1/2054 <sup>(h)</sup>  | 192 | 195 |
| Freddie Mac Pool #SD6286 5.50% 8/1/2054 <sup>(h)</sup>  | 27 | 28 |
| Freddie Mac Pool #RJ2212 6.00% 8/1/2054 <sup>(h)</sup>  | 1834 | 1899 |
| Freddie Mac Pool #RJ2216 6.00% 8/1/2054 <sup>(h)</sup>  | 1423 | 1460 |
| Freddie Mac Pool #SD8454 6.00% 8/1/2054 <sup>(h)</sup>  | 998 | 1022 |
| Freddie Mac Pool #SD6029 6.00% 8/1/2054 <sup>(h)</sup>  | 778 | 801 |
| Freddie Mac Pool #QJ3296 6.00% 8/1/2054 <sup>(h)</sup>  | 777 | 796 |
| Freddie Mac Pool #RJ2210 6.00% 8/1/2054 <sup>(h)</sup>  | 486 | 498 |
| Freddie Mac Pool #QJ0780 6.00% 8/1/2054 <sup>(h)</sup>  | 233 | 238 |
| Freddie Mac Pool #SD8455 6.50% 8/1/2054 <sup>(h)</sup>  | 7414 | 7681 |
| Freddie Mac Pool #RJ2422 5.50% 9/1/2054 <sup>(h)</sup>  | 27270 | 27650 |
| Freddie Mac Pool #RJ2415 5.50% 9/1/2054 <sup>(h)</sup>  | 11438 | 11680 |
| Freddie Mac Pool #RJ2408 5.50% 9/1/2054 <sup>(h)</sup>  | 10412 | 10551 |
| Freddie Mac Pool #QJ3044 5.50% 9/1/2054 <sup>(h)</sup>  | 556 | 563 |
| Freddie Mac Pool #RJ2314 6.00% 9/1/2054 <sup>(h)</sup>  | 2726 | 2796 |
| Freddie Mac Pool #RJ2312 6.00% 9/1/2054 <sup>(h)</sup>  | 1490 | 1534 |
| Freddie Mac Pool #RJ2308 6.00% 9/1/2054 <sup>(h)</sup>  | 1385 | 1433 |
| Freddie Mac Pool #RJ2306 6.00% 9/1/2054 <sup>(h)</sup>  | 1321 | 1370 |
| Freddie Mac Pool #QJ4536 6.00% 9/1/2054 <sup>(h)</sup>  | 812 | 831 |
| Freddie Mac Pool #RJ2309 6.00% 9/1/2054 <sup>(h)</sup>  | 801 | 821 |
| Freddie Mac Pool #SD7274 6.00% 9/1/2054 <sup>(h)</sup>  | 433 | 444 |
| Freddie Mac Pool #RJ2474 6.50% 9/1/2054 <sup>(h)</sup>  | 1389 | 1442 |
| Freddie Mac Pool #RJ2411 6.50% 9/1/2054 <sup>(h)</sup>  | 939 | 977 |
| Freddie Mac Pool #RJ2470 6.50% 9/1/2054 <sup>(h)</sup>  | 445 | 462 |
| Freddie Mac Pool #RJ2664 5.00% 10/1/2054 <sup>(h)</sup>  | 188 | 188 |
| Freddie Mac Pool #SD8469 5.50% 10/1/2054 <sup>(h)</sup>  | 627 | 634 |
| Freddie Mac Pool #RJ2625 5.50% 10/1/2054 <sup>(h)</sup>  | 224 | 227 |
| Freddie Mac Pool #SD6733 6.50% 10/1/2054 <sup>(h)</sup>  | 384 | 398 |
| Freddie Mac Pool #SD8484 4.00% 11/1/2054 <sup>(h)</sup>  | 14080 | 13370 |
| Freddie Mac Pool #RJ2851 4.50% 11/1/2054 <sup>(h)</sup>  | 6415 | 6261 |
| Freddie Mac Pool #RJ2860 5.00% 11/1/2054 <sup>(h)</sup>  | 3894 | 3878 |
| Freddie Mac Pool #RJ2917 5.50% 11/1/2054 <sup>(h)</sup>  | 4676 | 4736 |
| Freddie Mac Pool #SD8475 5.50% 11/1/2054 <sup>(h)</sup>  | 1289 | 1303 |
| Freddie Mac Pool #RJ2922 6.00% 11/1/2054 <sup>(h)</sup>  | 1371 | 1404 |
| Freddie Mac Pool #SD8487 4.00% 12/1/2054 <sup>(h)</sup>  | 240 | 228 |
| Freddie Mac Pool #SD7470 4.50% 12/1/2054 <sup>(h)</sup>  | 11034 | 10948 |
| Freddie Mac Pool #SD8494 5.50% 1/1/2055 <sup>(h)</sup>  | 4570 | 4620 |

---

---

| | |
|:---|:---|
| Capital Income Builder | **16** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Pool #QX2925 6.00% 1/1/2055 <sup>(h)</sup>  | USD7,909 | $8100 |
| Freddie Mac Pool #SD8496 6.00% 1/1/2055 <sup>(h)</sup>  | 2533 | 2592 |
| Freddie Mac Pool #QX3576 6.00% 1/1/2055 <sup>(h)</sup>  | 274 | 281 |
| Freddie Mac Pool #SL2928 7.00% 1/1/2055 <sup>(h)</sup>  | 5169 | 5417 |
| Freddie Mac Pool #RJ3264 4.50% 2/1/2055 <sup>(h)</sup>  | 2864 | 2794 |
| Freddie Mac Pool #SD8507 6.00% 2/1/2055 <sup>(h)</sup>  | 7446 | 7620 |
| Freddie Mac Pool #SL0797 6.00% 2/1/2055 <sup>(h)</sup>  | 5380 | 5533 |
| Freddie Mac Pool #RJ4076 6.00% 2/1/2055 <sup>(h)</sup>  | 335 | 343 |
| Freddie Mac Pool #QX6724 6.00% 2/1/2055 <sup>(h)</sup>  | 271 | 278 |
| Freddie Mac Pool #QX7596 3.50% 3/1/2055 <sup>(h)</sup>  | 106 | 98 |
| Freddie Mac Pool #SL0588 3.50% 3/1/2055 <sup>(h)</sup>  | 52 | 48 |
| Freddie Mac Pool #SD8515 5.50% 3/1/2055 <sup>(h)</sup>  | 31 | 32 |
| Freddie Mac Pool #SD8516 6.00% 3/1/2055 <sup>(h)</sup>  | 5033 | 5149 |
| Freddie Mac Pool #QX9923 6.00% 3/1/2055 <sup>(h)</sup>  | 1857 | 1925 |
| Freddie Mac Pool #SL0924 6.00% 3/1/2055 <sup>(h)</sup>  | 970 | 994 |
| Freddie Mac Pool #SD8517 6.50% 3/1/2055 <sup>(h)</sup>  | 10957 | 11351 |
| Freddie Mac Pool #SD8521 4.00% 4/1/2055 <sup>(h)</sup>  | 1962 | 1862 |
| Freddie Mac Pool #SL1094 5.00% 4/1/2055 <sup>(h)</sup>  | 110 | 110 |
| Freddie Mac Pool #SD8525 6.00% 4/1/2055 <sup>(h)</sup>  | 21383 | 21877 |
| Freddie Mac Pool #QY3669 6.00% 4/1/2055 <sup>(h)</sup>  | 672 | 687 |
| Freddie Mac Pool #QY0266 6.00% 4/1/2055 <sup>(h)</sup>  | 424 | 433 |
| Freddie Mac Pool #SL1416 6.00% 4/1/2055 <sup>(h)</sup>  | 69 | 71 |
| Freddie Mac Pool #QY3014 4.00% 5/1/2055 <sup>(h)</sup>  | 1087 | 1032 |
| Freddie Mac Pool #SD8533 5.50% 5/1/2055 <sup>(h)</sup>  | 4777 | 4828 |
| Freddie Mac Pool #SD8534 6.00% 5/1/2055 <sup>(h)</sup>  | 9268 | 9481 |
| Freddie Mac Pool #RJ4529 6.00% 5/1/2055 <sup>(h)</sup>  | 24 | 24 |
| Freddie Mac Pool #RQ0010 4.00% 6/1/2055 <sup>(h)</sup>  | 434 | 412 |
| Freddie Mac Pool #RQ0012 5.00% 6/1/2055 <sup>(h)</sup>  | 733 | 729 |
| Freddie Mac Pool #RQ0013 5.50% 6/1/2055 <sup>(h)</sup>  | 109 | 110 |
| Freddie Mac Pool #QY6303 6.00% 6/1/2055 <sup>(h)</sup>  | 287 | 294 |
| Freddie Mac Pool #QY9732 3.50% 7/1/2055 <sup>(h)</sup>  | 33 | 30 |
| Freddie Mac Pool #RQ0026 5.00% 7/1/2055 <sup>(h)</sup>  | 16470 | 16398 |
| Freddie Mac Pool #RQ0028 6.00% 7/1/2055 <sup>(h)</sup>  | 76582 | 78331 |
| Freddie Mac Pool #QY7483 6.00% 7/1/2055 <sup>(h)</sup>  | 1820 | 1864 |
| Freddie Mac Pool #QY8512 6.00% 7/1/2055 <sup>(h)</sup>  | 1621 | 1659 |
| Freddie Mac Pool #QY7786 6.00% 7/1/2055 <sup>(h)</sup>  | 321 | 328 |
| Freddie Mac Pool #RQ0041 6.00% 8/1/2055 <sup>(h)</sup>  | 10771 | 11021 |
| Freddie Mac Pool #RQ0050 6.00% 9/1/2055 <sup>(h)</sup>  | 1166 | 1193 |
| Freddie Mac, Series 2122, Class QM, 6.25% 2/15/2029 <sup>(h)</sup>  | 194 | 196 |
| Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 3/25/2026 <sup>(h)</sup>  | 3288 | 3268 |
| Freddie Mac, Series K064, Class A2, Multi Family, 3.224% 3/25/2027 <sup>(h)</sup>  | 4390 | 4347 |
| Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 6/25/2027 <sup>(h)</sup>  | 4360 | 4306 |
| Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 7/25/2027 <sup>(h)</sup>  | 4810 | 4751 |
| Freddie Mac, Series K068, Class A2, Multi Family, 3.244% 8/25/2027 <sup>(h)</sup>  | 2350 | 2323 |
| Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 9/25/2027 <sup>(h)(i)</sup>  | 8680 | 8565 |
| Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/2033 <sup>(h)(i)</sup>  | 13801 | 13949 |
| Freddie Mac, Series 3135, Class OP, principal only, 0% 4/15/2026 <sup>(h)</sup>  | — <br><sup>(c)</sup><br>| — <br><sup>(c)</sup><br>|
| Freddie Mac, Series 3117, Class OG, principal only, 0% 2/15/2036 <sup>(h)</sup>  | 26 | 23 |
| Freddie Mac, Series 3136, Class OP, principal only, 0% 4/15/2036 <sup>(h)</sup>  | 466 | 384 |
| Freddie Mac, Series 3147, Class OD, principal only, 0% 4/15/2036 <sup>(h)</sup>  | 174 | 159 |
| Freddie Mac, Series 3155, Class FO, principal only, 0% 5/15/2036 <sup>(h)</sup>  | 307 | 263 |
| Freddie Mac, Series 3149, Class MO, principal only, 0% 5/15/2036 <sup>(h)</sup>  | 50 | 45 |
| Freddie Mac, Series 3149, Class AO, principal only, 0% 5/15/2036 <sup>(h)</sup>  | 43 | 38 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/2056 <sup>(h)</sup>  | 7414 | 6544 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/2056 <sup>(h)</sup>  | 1487 | 1340 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/2056 <sup>(h)</sup>  | 6849 | 6467 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/2056 <sup>(h)(i)</sup>  | 6593 | 6277 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/2057 <sup>(h)</sup>  | 7786 | 6763 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/2057 <sup>(h)(i)</sup>  | 11331 | 10363 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/2057 <sup>(h)</sup>  | 6409 | 5854 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/2057 <sup>(h)</sup>  | 11008 | 10712 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/2057 <sup>(h)(i)</sup>  | 8486 | 8249 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/2057 <sup>(h)</sup>  | 7931 | 7153 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/2058 <sup>(h)</sup>  | 3705 | 3332 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/2058 <sup>(h)</sup>  | 972 | 946 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/25/2058 <sup>(h)</sup>  | 3110 | 2793 |

---

---

| | |
|:---|:---|
| **17** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** | **Federal agency mortgage-backed obligations (continued)** |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/2058 <sup>(h)</sup>  | USD1,900 | $1713 |
| Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/2059 <sup>(h)</sup>  | 22067 | 20475 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/2028 <sup>(h)</sup>  | 468 | 460 |
| Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/2029 <sup>(h)</sup>  | 27796 | 26711 |
| Government National Mortgage Assn. 3.50% 11/1/2055 <sup>(h)(j)</sup>  | 5533 | 5066 |
| Government National Mortgage Assn. 4.00% 11/1/2055 <sup>(h)(j)</sup>  | 3404 | 3220 |
| Government National Mortgage Assn. 4.50% 11/1/2055 <sup>(h)(j)</sup>  | 3527 | 3443 |
| Government National Mortgage Assn. 5.50% 11/1/2055 <sup>(h)(j)</sup>  | 1338 | 1349 |
| Government National Mortgage Assn. Pool #736682 4.50% 12/15/2037 <sup>(h)</sup>  | 346 | 349 |
| Government National Mortgage Assn. Pool #738938 6.50% 2/20/2039 <sup>(h)</sup>  | 65 | 68 |
| Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039 <sup>(h)</sup>  | 599 | 634 |
| Government National Mortgage Assn. Pool #783689 5.50% 2/20/2040 <sup>(h)</sup>  | 738 | 763 |
| Government National Mortgage Assn. Pool #783539 5.00% 10/20/2040 <sup>(h)</sup>  | 471 | 474 |
| Government National Mortgage Assn. Pool #783688 5.00% 6/20/2041 <sup>(h)</sup>  | 737 | 752 |
| Government National Mortgage Assn. Pool #005198 6.50% 9/20/2041 <sup>(h)</sup>  | 326 | 343 |
| Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041 <sup>(h)</sup>  | 754 | 748 |
| Government National Mortgage Assn. Pool #MA2894 4.50% 6/20/2045 <sup>(h)</sup>  | 823 | 822 |
| Government National Mortgage Assn. Pool #MA3246 4.50% 11/20/2045 <sup>(h)</sup>  | 1132 | 1129 |
| Government National Mortgage Assn. Pool #MA5077 3.50% 3/20/2048 <sup>(h)</sup>  | 3220 | 3002 |
| Government National Mortgage Assn. Pool #MA5468 5.00% 9/20/2048 <sup>(h)</sup>  | 303 | 308 |
| Government National Mortgage Assn. Pool #MA5530 5.00% 10/20/2048 <sup>(h)</sup>  | 74 | 76 |
| Government National Mortgage Assn. Pool #MA5652 4.50% 12/20/2048 <sup>(h)</sup>  | 415 | 413 |
| Government National Mortgage Assn. Pool #MA5711 4.50% 1/20/2049 <sup>(h)</sup>  | 705 | 701 |
| Government National Mortgage Assn. Pool #MA5712 5.00% 1/20/2049 <sup>(h)</sup>  | 864 | 877 |
| Government National Mortgage Assn. Pool #MA5764 4.50% 2/20/2049 <sup>(h)</sup>  | 1508 | 1504 |
| Government National Mortgage Assn. Pool #MA5878 5.00% 4/20/2049 <sup>(h)</sup>  | 8654 | 8802 |
| Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049 <sup>(h)</sup>  | 5222 | 5314 |
| Government National Mortgage Assn. Pool #MA8044 3.50% 5/20/2052 <sup>(h)</sup>  | 690 | 637 |
| Government National Mortgage Assn. Pool #MA8199 3.50% 8/20/2052 <sup>(h)</sup>  | 206 | 189 |
| Government National Mortgage Assn. Pool #MA8267 4.00% 9/20/2052 <sup>(h)</sup>  | 228445 | 217968 |
| Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052 <sup>(h)</sup>  | 22032 | 21026 |
| Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/2053 <sup>(h)</sup>  | 16321 | 15597 |
| Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053 <sup>(h)</sup>  | 10509 | 10029 |
| Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053 <sup>(h)</sup>  | 15180 | 15216 |
| Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053 <sup>(h)</sup>  | 10470 | 10268 |
| Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/2053 <sup>(h)</sup>  | 83343 | 83348 |
| Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054 <sup>(h)</sup>  | 6765 | 6421 |
| Government National Mortgage Assn. Pool #MA9961 3.50% 10/20/2054 <sup>(h)</sup>  | 220 | 201 |
| Government National Mortgage Assn. Pool #MB0024 4.50% 11/20/2054 <sup>(h)</sup>  | 1345 | 1315 |
| Government National Mortgage Assn. Pool #MB0205 5.50% 2/20/2055 <sup>(h)</sup>  | 551 | 556 |
| Government National Mortgage Assn. Pool #795485 4.283% 7/20/2062 <sup>(h)</sup>  | 6 | 6 |
| Government National Mortgage Assn. Pool #AG8088 4.817% 3/20/2064 <sup>(h)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8117 4.896% 4/20/2064 <sup>(h)</sup>  | 2 | 2 |
| Government National Mortgage Assn. Pool #AG8193 4.816% 9/20/2064 <sup>(h)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8207 4.816% 11/20/2064 <sup>(h)</sup>  | 1 | 1 |
| Government National Mortgage Assn. Pool #AG8244 4.816% 1/20/2065 <sup>(h)</sup>  | 1 | 1 |
| Government National Mortgage Assn., Series 2005-7, Class AO, principal only, 0% 2/16/2035 <sup>(h)</sup>  | 218 | 195 |
| Government National Mortgage Assn., Series 2007-8, Class LO, principal only, 0% 3/20/2037 <sup>(h)</sup>  | 264 | 218 |
| Uniform Mortgage-Backed Security 2.50% 11/1/2040 <sup>(h)(j)</sup>  | 46637 | 43885 |
| Uniform Mortgage-Backed Security 2.50% 12/1/2040 <sup>(h)(j)</sup>  | 24401 | 22969 |
| Uniform Mortgage-Backed Security 2.00% 11/1/2055 <sup>(h)(j)</sup>  | 84531 | 68573 |
| Uniform Mortgage-Backed Security 2.50% 11/1/2055 <sup>(h)(j)</sup>  | 37462 | 31812 |
| Uniform Mortgage-Backed Security 3.00% 11/1/2055 <sup>(h)(j)</sup>  | 20921 | 18541 |
| Uniform Mortgage-Backed Security 4.00% 11/1/2055 <sup>(h)(j)</sup>  | 12890 | 12232 |
| Uniform Mortgage-Backed Security 4.50% 11/1/2055 <sup>(h)(j)</sup>  | 5670 | 5527 |
| Uniform Mortgage-Backed Security 5.00% 11/1/2055 <sup>(h)(j)</sup>  | 7759 | 7721 |
| Uniform Mortgage-Backed Security 5.50% 11/1/2055 <sup>(h)(j)</sup>  | 5042 | 5095 |
| Uniform Mortgage-Backed Security 6.00% 11/1/2055 <sup>(h)(j)</sup>  | 7217 | 7381 |
| Uniform Mortgage-Backed Security 6.50% 11/1/2055 <sup>(h)(j)</sup>  | 19817 | 20523 |
| Uniform Mortgage-Backed Security 7.00% 11/1/2055 <sup>(h)(j)</sup>  | 329688 | 345103 |
| Uniform Mortgage-Backed Security 2.50% 12/1/2055 <sup>(h)(j)</sup>  | 36553 | 31040 |
| Uniform Mortgage-Backed Security 3.50% 12/1/2055 <sup>(h)(j)</sup>  | 9107 | 8390 |
| Uniform Mortgage-Backed Security 4.50% 12/1/2055 <sup>(h)(j)</sup>  | 2509 | 2445 |
| Uniform Mortgage-Backed Security 6.50% 12/1/2055 <sup>(h)(j)</sup>  | 103895 | 107634 |
| Uniform Mortgage-Backed Security 4.50% 1/1/2056 <sup>(h)(j)</sup>  | 479 | 466 |
|  |  | 5322022 |

---

---

| | |
|:---|:---|
| Capital Income Builder | **18** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities 0.33%** | **Commercial mortgage-backed securities 0.33%** | **Commercial mortgage-backed securities 0.33%** |
| ALA Trust, Series 2025-OANA, Class A, (1-month USD CME Term SOFR + 1.743%) 5.776% 6/15/2040 <sup>(f)(h)(i)</sup>  | USD2,840 | $2855 |
| ARES Commercial Mortgage Trust, Series 24-IND, Class A, (1-month USD CME Term SOFR + 1.69%) 5.724% <br> 7/15/2041 <sup>(f)(h)(i)</sup>  | 447 | 448 |
| Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.409% 4/15/2056 <sup>(h)(i)</sup>  | 5216 | 5387 |
| Bank Commercial Mortgage Trust, Series 2024-5YR9, Class A3, 5.614% 8/15/2057 <sup>(h)</sup>  | 637 | 663 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class C, 6.463% 4/15/2058 <sup>(h)(i)</sup>  | 312 | 321 |
| Bank Commercial Mortgage Trust, Series 2025-5YR14, Class B, 6.474% 4/15/2058 <sup>(h)(i)</sup>  | 699 | 733 |
| Benchmark Mortgage Trust, Series 2021-B25, Class A5, 2.577% 4/15/2054 <sup>(h)</sup>  | 475 | 427 |
| Benchmark Mortgage Trust, Series 2023-B38, Class A4, 5.525% 4/15/2056 <sup>(h)</sup>  | 6364 | 6682 |
| Benchmark Mortgage Trust, Series 2024-V7, Class A3, 6.228% 5/15/2056 <sup>(h)(i)</sup>  | 652 | 688 |
| Benchmark Mortgage Trust, Series 2024-V7, Class AS, 6.533% 5/15/2056 <sup>(h)(i)</sup>  | 1718 | 1809 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057 <sup>(h)(i)</sup>  | 504 | 525 |
| Benchmark Mortgage Trust, Series 2024-V5, Class C, 6.973% 1/10/2057 <sup>(h)(i)</sup>  | 69 | 71 |
| Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057 <sup>(h)</sup>  | 291 | 302 |
| BMO Mortgage Trust, Series 2024-C10, Class AS, 5.729% 11/15/2057 <sup>(h)(i)</sup>  | 132 | 137 |
| BMO Mortgage Trust, Series 2024-C10, Class C, 5.979% 11/15/2057 <sup>(h)(i)</sup>  | 224 | 226 |
| BMO Mortgage Trust, Series 2024-C10, Class B, 6.079% 11/15/2057 <sup>(h)(i)</sup>  | 193 | 199 |
| BMP Trust, Series 2024-MF23, Class A, (1-month USD CME Term SOFR + 1.372%) 5.404% 6/15/2041 <sup>(f)(h)(i)</sup>  | 1996 | 2000 |
| BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class A, (1-month USD CME Term SOFR + 1.921%) <br> 5.953% 8/15/2041 <sup>(f)(h)(i)</sup>  | 4000 | 4019 |
| BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class B, (1-month USD CME Term SOFR + 2.34%) 6.372% <br> 8/15/2041 <sup>(f)(h)(i)</sup>  | 1000 | 1006 |
| BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class B, (1-month USD CME Term SOFR + 2.839%) <br> 6.872% 8/15/2041 <sup>(f)(h)(i)</sup>  | 2000 | 2013 |
| BX Commercial Mortgage Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 6.147% <br> 6/15/2027 <sup>(f)(h)(i)</sup>  | 31020 | 31168 |
| BX Commercial Mortgage Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 4.847% <br> 9/15/2036 <sup>(f)(h)(i)</sup>  | 49840 | 49819 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, (1-month USD CME Term SOFR + 1.293%) 5.326% <br> 12/15/2039 <sup>(f)(h)(i)</sup>  | 2316 | 2322 |
| BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) 5.573% 5/15/2034 <sup>(f)(h)(i)</sup>  | 436 | 437 |
| BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 5.046% 10/15/2036 <sup>(f)(h)(i)</sup>  | 26562 | 26528 |
| BX Trust, Series 2021-ARIA, Class C, (1-month USD CME Term SOFR + 1.76%) 5.793% 10/15/2036 <sup>(f)(h)(i)</sup>  | 3984 | 3980 |
| BX Trust, Series 2021-ARIA, Class D, (1-month USD CME Term SOFR + 2.01%) 6.042% 10/15/2036 <sup>(f)(h)(i)</sup>  | 1380 | 1379 |
| BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 5.523% 4/15/2037 <sup>(f)(h)(i)</sup>  | 7581 | 7590 |
| BX Trust, Series 2021-ACNT, Class B, (1-month USD CME Term SOFR + 1.364%) 5.397% 11/15/2038 <sup>(f)(h)(i)</sup>  | 1557 | 1557 |
| BX Trust, Series 2021-ACNT, Class C, (1-month USD CME Term SOFR + 1.614%) 5.647% 11/15/2038 <sup>(f)(h)(i)</sup>  | 306 | 306 |
| BX Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) 5.997% 11/15/2038 <sup>(f)(h)(i)</sup>  | 875 | 873 |
| BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) 5.724% 8/15/2039 <sup>(f)(h)(i)</sup>  | 5503 | 5518 |
| BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 5.474% 4/15/2041 <sup>(f)(h)(i)</sup>  | 2168 | 2171 |
| BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041 <sup>(f)(h)(i)</sup>  | 3613 | 3663 |
| BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) 5.474% 11/15/2041 <sup>(f)(h)(i)</sup>  | 2475 | 2479 |
| BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.575% 11/15/2041 <sup>(f)(h)(i)</sup>  | 2898 | 2902 |
| BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042 <sup>(f)(h)</sup>  | 2761 | 2859 |
| CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) 5.923% 7/15/2041 <sup>(f)(h)(i)</sup>  | 1135 | 1138 |
| CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) 5.674% 8/15/2041 <sup>(f)(h)(i)</sup>  | 1475 | 1475 |
| Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/2040 <sup>(f)(h)(i)</sup>  | 22540 | 23214 |
| DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.728% 8/12/2043 <sup>(f)(h)(i)</sup>  | 49770 | 51390 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.379% 9/12/2040 <sup>(f)(h)(i)</sup>  | 1031 | 1064 |
| DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.379% 9/12/2040 <sup>(f)(h)(i)</sup>  | 680 | 705 |
| Durst Commercial Mortgage Trust, Series 2025-151, Class A, 5.317% 8/10/2042 <sup>(f)(h)(i)</sup>  | 1312 | 1339 |
| ELM Trust 2024, Series 2024-ELM, Class A15, 5.801% 6/10/2039 <sup>(f)(h)(i)</sup>  | 2651 | 2672 |
| ELM Trust 2024, Series 2024-ELM, Class A10, 5.801% 6/10/2039 <sup>(f)(h)(i)</sup>  | 2409 | 2433 |
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037 <sup>(f)(h)</sup>  | 6479 | 6466 |
| Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, (1-month USD CME Term SOFR + 1.45%) 5.482% <br> 12/15/2039 <sup>(f)(h)(i)</sup>  | 2667 | 2674 |
| FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/2039 <sup>(f)(h)</sup>  | 3231 | 3299 |
| FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) 5.843% 8/15/2039 <sup>(f)(h)(i)</sup>  | 4000 | 4017 |
| FS Trust, Series 2024-HULA, Class D, (1-month USD CME Term SOFR + 2.94%) 6.972% 8/15/2039 <sup>(f)(h)(i)</sup>  | 1000 | 1004 |
| Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 5.723% 5/15/2041 <sup>(f)(h)(i)</sup>  | 3164 | 3174 |
| GS Mortgage Securities Trust, Series 2024-70P, Class A, 5.31% 3/10/2041 <sup>(f)(h)(i)</sup>  | 3831 | 3867 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class A, (1-month USD CME Term SOFR + 1.393%) 5.425% <br>3/15/2042 <sup>(f)(h)(i)</sup>  | 15965 | 15996 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class C, (1-month USD CME Term SOFR + 2.042%) 6.074% <br>3/15/2042 <sup>(f)(h)(i)</sup>  | 211 | 212 |

---

---

| | |
|:---|:---|
| **19** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** | **Commercial mortgage-backed securities (continued)** |
| Hawaii Hotel Trust, Series 2025-MAUI, Class D, (1-month USD CME Term SOFR + 2.591%) 6.623% <br>3/15/2042 <sup>(f)(h)(i)</sup>  | USD407 | $409 |
| Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) 7.322% 3/15/2042 <sup>(f)(h)(i)</sup>  | 735 | 721 |
| Hilton USA Trust, Series 2024-ORL, Class A, (1-month USD CME Term SOFR + 1.541%) 5.573% 5/15/2037 <sup>(f)(h)(i)</sup>  | 750 | 751 |
| HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 6.072% 5/10/2039 <sup>(f)(h)(i)</sup>  | 591 | 599 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.467% 1/13/2040 <sup>(f)(h)(i)</sup>  | 23783 | 24644 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/2039 <sup>(f)(h)</sup>  | 871 | 775 |
| JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45% 1/5/2039 <sup>(f)(h)(i)</sup>  | 219 | 182 |
| JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, (1-month USD CME Term SOFR + <br> 1.593%) 5.625% 11/15/2039 <sup>(f)(h)(i)</sup>  | 921 | 923 |
| KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, (1-month USD CME Term SOFR + 1.542%) 5.575% <br> 12/15/2039 <sup>(f)(h)(i)</sup>  | 4486 | 4489 |
| Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) <br> 8.183% 11/25/2053 <sup>(f)(h)(i)</sup>  | 306 | 319 |
| Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, (30-day Average USD-SOFR + 6.50%) <br> 10.683% 11/25/2053 <sup>(f)(h)(i)</sup>  | 1350 | 1527 |
| Multifamily Connecticut Avenue Securities, Series 2025-01, Class M1, (30-day Average USD-SOFR + 2.40%) <br> 6.583% 5/25/2055 <sup>(f)(h)(i)</sup>  | 2289 | 2293 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% 2/10/2047 <sup>(f)(h)(i)</sup>  | 1532 | 1613 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class B, 5.928% 2/10/2047 <sup>(f)(h)(i)</sup>  | 370 | 387 |
| NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.172% 2/10/2047 <sup>(f)(h)(i)</sup>  | 427 | 441 |
| NYC Commercial Mortgage Trust, Series 2025-28L, Class A, 4.668% 11/5/2038 <sup>(f)(h)(i)</sup>  | 4399 | 4399 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 5.424% <br> 5/15/2039 <sup>(f)(h)(i)</sup>  | 2832 | 2830 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 5.773% <br> 5/15/2039 <sup>(f)(h)(i)</sup>  | 486 | 485 |
| SFO Commerical Mortgage Trust, Series 2021-555, Class A, (1-month USD CME Term SOFR + 1.264%) 5.297% <br> 5/15/2038 (1-month USD CME Term SOFR + 1.514% on 5/15/2026) <sup>(f)(h)(k)</sup>  | 7000 | 6959 |
| SHR Trust, Series 2024-LXRY, Class A, (1-month USD CME Term SOFR + 1.95%) 5.982% 10/15/2041 <sup>(f)(h)(i)</sup>  | 3000 | 3007 |
| SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 4.877% 11/15/2038 <sup>(f)(h)(i)</sup>  | 30249 | 30209 |
| SREIT Trust, Series 2021-MFP, Class C, (1-month USD CME Term SOFR + 1.443%) 5.476% 11/15/2038 <sup>(f)(h)(i)</sup>  | 871 | 870 |
| Wells Fargo Commercial Mortgage Trust, Series 2025-1918, Class A, 5.761% 9/15/2040 <sup>(f)(h)(i)</sup>  | 276 | 278 |
| Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% 11/15/2057 <sup>(h)(i)</sup>  | 5186 | 5457 |
|  |  | 396768 |
| **Collateralized mortgage-backed obligations (privately originated) 0.20%** | **Collateralized mortgage-backed obligations (privately originated) 0.20%** | **Collateralized mortgage-backed obligations (privately originated) 0.20%** |
| Angel Oak Mortgage Trust, Series 2024-7, Class A1, 5.621% 5/25/2069 (6.621% on 7/1/2028) <sup>(f)(h)(k)</sup>  | 1850 | 1860 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048 <sup>(f)(h)(i)</sup>  | 7589 | 6863 |
| Bear Stearns ARM Trust, Series 2003-8, Class IIIA, 3.826% 1/25/2034 <sup>(h)(i)</sup>  | 268 | 216 |
| BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, 2.50% 5/26/2059 <sup>(f)(h)(i)</sup>  | 479 | 472 |
| BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, 5.943% 12/1/2063 (6.943% on 1/1/2028) <sup>(f)(h)(k)</sup>  | 836 | 843 |
| BRAVO Residential Funding Trust, Series 2025-NQM1, Class A1, 5.604% 12/25/2064 <sup>(f)(h)(k)</sup>  | 851 | 858 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/2033 <sup>(f)(h)(i)</sup>  | 675 | 668 |
| Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033 <sup>(f)(h)(i)</sup>  | 4 | 4 |
| Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034 <sup>(f)(h)(i)</sup>  | 263 | 262 |
| Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054 <sup>(f)(h)(i)</sup>  | 1823 | 1785 |
| Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, 4.00% 10/25/2054 (5.00% on 10/25/2028) <sup>(f)(h)(k)</sup>  | 849 | 838 |
| CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061 <sup>(f)(h)(i)</sup>  | 12486 | 11949 |
| CIM Trust, Series 2024-R1, Class A1, 4.75% 6/25/2064 <sup>(f)(h)(i)</sup>  | 2001 | 1990 |
| COLT Funding, LLC, Series 2024-INV3, Class A1, 5.443% 9/25/2069 (6.443% on 8/1/2028) <sup>(f)(h)(k)</sup>  | 809 | 812 |
| Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 6.083% <br> 6/25/2043 <sup>(f)(h)(i)</sup>  | 7638 | 7715 |
| Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, (30-day Average USD-SOFR + 1.10%) 5.283% <br> 5/25/2044 <sup>(f)(h)(i)</sup>  | 133 | 133 |
| CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, 7.50% 11/25/2032 <sup>(h)</sup>  | 67 | 69 |
| CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, 7.50% 12/25/2032 <sup>(h)</sup>  | 55 | 57 |
| CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, 6.50% 7/25/2033 <sup>(h)</sup>  | 57 | 58 |
| Finance of America Structured Securities Trust, Series 2025-PC1, Class A1, 4.50% 5/25/2075 <sup>(f)(h)</sup>  | 369 | 357 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average <br> USD-SOFR + 2.15%) 6.506% 9/25/2042 <sup>(f)(h)(i)</sup>  | 742 | 747 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average <br> USD-SOFR + 3.70%) 8.056% 9/25/2042 <sup>(f)(h)(i)</sup>  | 5838 | 6124 |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M1, (30-day Average <br> USD-SOFR + 1.00%) 5.183% 10/25/2044 <sup>(f)(h)(i)</sup>  | 324 | 324 |

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| | |
|:---|:---|
| Capital Income Builder | **20** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** | **Mortgage-backed obligations (continued)** |
| **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** | **Collateralized mortgage-backed obligations (privately originated) (continued)** |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class A1, (30-day Average <br> USD-SOFR + 1.05%) 5.233% 10/25/2044 <sup>(f)(h)(i)</sup>  | USD462 | $463 |
| GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 (7.359% on 5/1/2028) <sup>(f)(h)(k)</sup>  | 107 | 108 |
| GCAT Trust, Series 2025-NQM4, Class A1, 0% 6/25/2070 <sup>(f)(h)(k)</sup>  | 2442 | 2465 |
| Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039 <sup>(f)(h)</sup>  | 4906 | 4875 |
| Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026) <sup>(f)(h)(k)</sup>  | 11210 | 11259 |
| IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047 <sup>(f)(h)(i)</sup>  | 45617 | 46890 |
| IRV Trust, Series 2025-200P, Class B, 5.44% 3/14/2047 <sup>(f)(h)(i)</sup>  | 2000 | 2027 |
| JP Morgan Mortgage Trust, Series 2021-6, Class A6, 2.50% 10/25/2051 <sup>(f)(h)(i)</sup>  | 630 | 591 |
| JP Morgan Mortgage Trust, Series 2021-7, Class A6, 2.50% 11/25/2051 <sup>(f)(h)(i)</sup>  | 652 | 612 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, 6.00% 4/25/2055 <sup>(f)(h)(i)</sup>  | 328 | 333 |
| Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 5.75% 4/25/2061 <sup>(f)(h)</sup>  | 1498 | 1499 |
| Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (6.25% on 11/25/2025) <sup>(f)(h)(k)</sup>  | 6163 | 6167 |
| Mill City Mortgage Trust, Series 2018-1, Class A1, 3.25% 5/25/2062 <sup>(f)(h)(i)</sup>  | 25 | 24 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, 6.386% 5/25/2069 (7.386% on <br> 5/1/2028) <sup>(f)(h)(k)</sup>  | 224 | 227 |
| NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, 6.545% 3/25/2032 <sup>(f)(h)(k)</sup>  | 1555 | 1572 |
| Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, 4.70% 7/25/2062 (5.70% on 6/1/2026) <sup>(f)(h)(k)</sup>  | 315 | 315 |
| Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028) <sup>(f)(h)(k)</sup>  | 6605 | 6683 |
| Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, 6.243% 3/25/2064 (7.243% on 4/1/2028) <sup>(f)(h)(k)</sup>  | 5412 | 5483 |
| Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, 6.233% 5/25/2064 (7.233% on 5/1/2028) <sup>(f)(h)(k)</sup>  | 426 | 432 |
| Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, 5.648% 12/1/2064 (6.648% on 2/1/2029) <sup>(f)(h)(k)</sup>  | 2460 | 2483 |
| Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, 5.547% 12/25/2064 (6.547% on 12/1/2028) <sup>(f)(h)(k)</sup>  | 1976 | 1992 |
| Onslow Bay Financial, LLC, Series 2025-NQM14, Class A1A, 5.162% 7/25/2065 (6.162% on 7/1/2029) <sup>(f)(h)(k)</sup>  | 554 | 558 |
| Progress Residential Trust, Series 2024-SFR5, Class A, 3.00% 8/9/2029 <sup>(f)(h)</sup>  | 3419 | 3244 |
| Progress Residential Trust, Series 2024-SFR2, Class A, 3.30% 4/17/2041 <sup>(f)(h)</sup>  | 1353 | 1303 |
| Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041 <sup>(f)(h)</sup>  | 2242 | 2139 |
| PRP Advisors, LLC, Series 2025-RPL3, Class A1, 3.25% 4/25/2055 (4.25% on 4/1/2028) <sup>(f)(h)(k)</sup>  | 6246 | 6033 |
| Sequoia Mortgage Trust, Series 2025-HYB1, Class A1A, 5.069% 10/25/2055 <sup>(f)(h)(i)</sup>  | 1614 | 1624 |
| Towd Point Mortgage Trust, Series 2015-5, Class B1, 3.97% 5/25/2055 <sup>(f)(h)(i)</sup>  | 400 | 395 |
| Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055 <sup>(f)(h)(i)</sup>  | 794 | 785 |
| Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056 <sup>(f)(h)(i)</sup>  | 796 | 792 |
| Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056 <sup>(f)(h)(i)</sup>  | 213 | 212 |
| Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057 <sup>(f)(h)(i)</sup>  | 252 | 247 |
| Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057 <sup>(f)(h)(i)</sup>  | 330 | 325 |
| Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058 <sup>(f)(h)(i)</sup>  | 540 | 536 |
| Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058 <sup>(f)(h)(i)</sup>  | 686 | 681 |
| Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/2058 <sup>(f)(h)(i)</sup>  | 90 | 89 |
| Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060 <sup>(f)(h)</sup>  | 46526 | 42592 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.037% 7/25/2065 <sup>(f)(h)(i)</sup>  | 311 | 314 |
| Treehouse Park Improvement Association No.1 9.75% 12/1/2033 <sup>(b)(f)</sup>  | 5272 | 5272 |
| Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/2038 <sup>(f)(h)</sup>  | 19464 | 19109 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040 <sup>(f)(h)</sup>  | 943 | 946 |
| Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/2040 <sup>(f)(h)</sup>  | 2669 | 2679 |
| Verus Securitization Trust, Series 2025-R1, Class A1, 5.402% 5/25/2065 (6.402% on 7/1/2029) <sup>(f)(h)(k)</sup>  | 539 | 543 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.218% 6/25/2069 (7.218% on 5/1/2028) <sup>(f)(h)(k)</sup>  | 178 | 180 |
| Verus Securitization Trust, Series 24-R1, Class A1, 5.218% 9/25/2069 <sup>(f)(h)(i)</sup>  | 670 | 672 |
| Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069 <sup>(f)(h)(i)</sup>  | 201 | 202 |
| Verus Securitization Trust, Series 2025-7, Class A1, 5.129% 8/25/2070 (6.129% on 8/1/2029) <sup>(f)(h)(k)</sup>  | 602 | 604 |
|  |  | 233580 |
| **Total mortgage-backed obligations** |  | 5952370 |
| **Corporate bonds, notes & loans 3.00%** | **Corporate bonds, notes & loans 3.00%** | **Corporate bonds, notes & loans 3.00%** |
| **Financials 0.56%** | **Financials 0.56%** | **Financials 0.56%** |
| ACE Capital Trust II, junior subordinated, 9.70% 4/1/2030  | 7210 | 8690 |
| Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) 7.61% 11/17/2029 <sup>(b)(f)(i)(l)</sup>  | 7301 | 7247 |
| Alpha Bank SA 6.875% 6/27/2029 (1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028) <sup>(k)</sup>  | EUR3,040 | 3863 |
| Alpha Bank SA 5.00% 5/12/2030 (1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029) <sup>(k)</sup>  | 1060 | 1306 |
| American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035) <sup>(k)</sup>  | USD1,358 | 1414 |
| American International Group, Inc. 4.85% 5/7/2030  | 2174 | 2225 |
| American International Group, Inc. 5.45% 5/7/2035  | 529 | 551 |
| Apollo Global Management, Inc. 5.15% 8/12/2035  | 5000 | 5036 |
| Athene Global Funding 4.86% 8/27/2026 <sup>(f)</sup>  | 2500 | 2512 |
| Athene Holding, Ltd. 6.625% 5/19/2055  | 3000 | 3145 |
| Bank of America Corp. 3.419% 12/20/2028 (3-month USD CME Term SOFR + 1.302% on 12/20/2027) <sup>(k)</sup>  | 2000 | 1969 |

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| | |
|:---|:---|
| **21** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028) <sup>(k)</sup>  | USD6,000 | $6263 |
| Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030) <sup>(k)</sup>  | 5479 | 4877 |
| Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031) <sup>(k)</sup>  | 5200 | 4628 |
| Bank of America Corp. 5.464% 5/9/2036 (USD-SOFR + 1.64% on 5/9/2035) <sup>(k)</sup>  | 12178 | 12745 |
| Bank of America Corp. 3.846% 3/8/2037 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on <br> 3/8/2032) <sup>(k)</sup>  | 5000 | 4693 |
| Bank of New York Mellon Corp. 4.942% 2/11/2031 (USD-SOFR + 0.887% on 2/11/2030) <sup>(k)</sup>  | 2816 | 2893 |
| Bank of New York Mellon Corp. 5.06% 7/22/2032 (USD-SOFR + 1.23% on 7/22/2031) <sup>(k)</sup>  | 499 | 516 |
| BlackRock Funding, Inc. 5.25% 3/14/2054  | 1801 | 1771 |
| Blackstone Reg Finance Co., LLC 4.95% 2/15/2036  | 3650 | 3626 |
| Block, Inc. 5.625% 8/15/2030 <sup>(f)</sup>  | 565 | 574 |
| Block, Inc. 6.50% 5/15/2032  | 6835 | 7096 |
| Block, Inc. 6.00% 8/15/2033 <sup>(f)</sup>  | 725 | 742 |
| Boost Newco Borrower, LLC 7.50% 1/15/2031 <sup>(f)</sup>  | 10000 | 10631 |
| BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026) <sup>(f)(k)</sup>  | 2000 | 2005 |
| BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028) <sup>(f)(k)</sup>  | 3500 | 3713 |
| BPCE SA 5.389% 5/28/2031 (USD-SOFR + 1.581% on 5/28/2030) <sup>(f)(k)</sup>  | 4079 | 4182 |
| BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034) <sup>(f)(k)</sup>  | 3750 | 3935 |
| BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035) <sup>(f)(k)</sup>  | 2650 | 2842 |
| BPCE SA 6.027% 5/28/2036 (USD-SOFR + 1.956% on 5/28/2035) <sup>(f)(k)</sup>  | 601 | 634 |
| Bread Financial Holdings, Inc. 6.75% 5/15/2031 <sup>(f)</sup>  | 630 | 635 |
| Brown & Brown, Inc. 4.90% 6/23/2030  | 982 | 996 |
| Brown & Brown, Inc. 5.25% 6/23/2032  | 2418 | 2480 |
| Brown & Brown, Inc. 5.55% 6/23/2035  | 7575 | 7801 |
| Brown & Brown, Inc. 6.25% 6/23/2055  | 4650 | 4897 |
| CaixaBank SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028) <sup>(f)(k)</sup>  | 2325 | 2419 |
| CaixaBank SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029) <sup>(f)(k)</sup>  | 1350 | 1404 |
| CaixaBank SA 4.885% 7/3/2031 (USD-SOFR + 1.36% on 7/3/2030) <sup>(f)(k)</sup>  | 4641 | 4701 |
| CaixaBank SA 5.581% 7/3/2036 (USD-SOFR + 1.79% on 7/3/2035) <sup>(f)(k)</sup>  | 1508 | 1550 |
| Canadian Imperial Bank of Commerce 5.245% 1/13/2031 (USD-SOFR + 1.105% on 1/13/2030) <sup>(k)</sup>  | 1000 | 1032 |
| Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029) <sup>(k)</sup>  | 1741 | 1809 |
| Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033) <sup>(k)</sup>  | 457 | 495 |
| Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034) <sup>(k)</sup>  | 470 | 499 |
| Carlyle Group, Inc. (The) 5.05% 9/19/2035  | 4000 | 3967 |
| Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033) <sup>(k)</sup>  | 538 | 576 |
| Chubb INA Holdings, LLC 5.00% 3/15/2034  | 1085 | 1112 |
| Chubb INA Holdings, LLC 4.90% 8/15/2035  | 3000 | 3024 |
| Chubb INA Holdings, LLC 4.35% 11/3/2045  | 3230 | 2874 |
| Citibank, NA 4.914% 5/29/2030  | 375 | 386 |
| Citigroup, Inc. 4.952% 5/7/2031 (USD-SOFR + 1.463% on 5/7/2030) <sup>(k)</sup>  | 4000 | 4081 |
| Citigroup, Inc. 4.503% 9/11/2031 (USD-SOFR + 1.171% on 9/11/2030) <sup>(k)</sup>  | 3575 | 3580 |
| Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032) <sup>(k)</sup>  | 8537 | 7803 |
| Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035) <sup>(k)</sup>  | 3028 | 3100 |
| Citigroup, Inc. 5.174% 9/11/2036 (USD-SOFR + 1.488% on 9/11/2035) <sup>(k)</sup>  | 3375 | 3418 |
| Citigroup, Inc., Series CC, 7.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 2.693% on 5/15/2029) <sup>(k)</sup>  | 3000 | 3099 |
| Citigroup, Inc., Series T, 7.00% junior subordinated perpetual bonds (10-year UST Yield Curve Rate T <br> Note Constant Maturity + 2.757% on 8/15/2034) <sup>(k)</sup>  | 2000 | 2139 |
| Citizens Financial Group, Inc. 5.718% 7/23/2032 (USD-SOFR + 1.91% on 7/23/2031) <sup>(k)</sup>  | 495 | 517 |
| Coinbase Global, Inc. 3.375% 10/1/2028 <sup>(f)</sup>  | 8700 | 8282 |
| Coinbase Global, Inc. 3.625% 10/1/2031 <sup>(f)</sup>  | 2400 | 2147 |
| Compass Group Diversified Holdings, LLC 5.25% 4/15/2029 <sup>(f)</sup>  | 2249 | 2039 |
| Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028) <sup>(k)</sup>  | 5268 | 5626 |
| Eurobank SA 5.875% 11/28/2029 (1-year EUR Mid-Swap + 2.83% on 11/28/2028) <sup>(k)</sup>  | EUR200 | 251 |
| Eurobank SA 4.00% 9/24/2030 (1-year EUR Mid-Swap + 2.127% on 9/24/2029) <sup>(k)</sup>  | 955 | 1139 |
| Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030) <sup>(k)</sup>  | 8692 | 10729 |
| Fifth Third Bancorp 4.895% 9/6/2030 (USD-SOFR + 1.486% on 9/6/2029) <sup>(k)</sup>  | USD175 | 177 |
| First Citizens BancShares, Inc. 5.231% 3/12/2031 (USD-SOFR + 1.41% on 3/12/2030) <sup>(k)</sup>  | 703 | 712 |
| Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029) <sup>(k)</sup>  | 750 | 784 |
| Goldman Sachs Group, Inc. 5.218% 4/23/2031 (USD-SOFR + 1.58% on 4/23/2030) <sup>(k)</sup>  | 2000 | 2064 |
| Goldman Sachs Group, Inc. 4.369% 10/21/2031 (USD-SOFR + 1.06% on 10/21/2030) <sup>(k)</sup>  | 13695 | 13639 |
| Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032) <sup>(k)</sup>  | 12500 | 11472 |
| Goldman Sachs Group, Inc. 5.851% 4/25/2035 (USD-SOFR + 1.552% on 4/25/2034) <sup>(k)</sup>  | 5250 | 5599 |
| Goldman Sachs Group, Inc. 4.939% 10/21/2036 (USD-SOFR + 1.33% on 10/21/2035) <sup>(k)</sup>  | 44100 | 43902 |
| Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041) <sup>(k)</sup>  | 61 | 45 |
| Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042) <sup>(k)</sup>  | 666 | 525 |

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| | |
|:---|:---|
| Capital Income Builder | **22** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Goldman Sachs Group, Inc. 5.734% 1/28/2056 (USD-SOFR + 1.696% on 1/28/2055) <sup>(k)</sup>  | USD13,000 | $13468 |
| Goldman Sachs Group, Inc. 7.50% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 2.809% on 5/10/2029) <sup>(k)</sup>  | 1000 | 1061 |
| Goldman Sachs Group, Inc., Series Y, 6.125% junior subordinated perpetual bonds non-cumulative depositary <br> (10-year UST Yield Curve Rate T Note Constant Maturity + 2.40% on 11/10/2034) <sup>(k)</sup>  | 2000 | 2041 |
| HSBC Holdings PLC 4.619% 11/6/2031 (USD-SOFR + 1.19% on 11/6/2030) <sup>(k)</sup>  | 975 | 977 |
| HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031) <sup>(k)</sup>  | 4128 | 3733 |
| HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035) <sup>(k)</sup>  | 4173 | 4312 |
| HSBC Holdings PLC 5.133% 11/6/2036 (USD-SOFR + 1.43% on 11/6/2035) <sup>(k)</sup>  | 4310 | 4312 |
| Intesa Sanpaolo SpA 7.778% 6/20/2054 (1-year UST Yield Curve Rate T Note Constant Maturity + 3.90% on <br> 6/20/2053) <sup>(f)(k)</sup>  | 1500 | 1803 |
| ION Platform Finance US, Inc. 9.50% 5/30/2029 <sup>(f)</sup>  | 10919 | 11170 |
| ION Platform Finance US, Inc. 9.00% 8/1/2029 <sup>(f)</sup>  | 21546 | 21836 |
| ION Platform Finance US, Inc. 7.875% 9/30/2032 <sup>(f)</sup>  | 5580 | 5450 |
| Jane Street Group, LLC 6.125% 11/1/2032 <sup>(f)</sup>  | 3000 | 3055 |
| Jane Street Group, LLC 6.75% 5/1/2033 <sup>(f)</sup>  | 475 | 496 |
| JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027) <sup>(k)</sup>  | 1849 | 1869 |
| JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027) <sup>(k)</sup>  | 6850 | 6990 |
| JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027) <sup>(k)</sup>  | 768 | 771 |
| JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027) <sup>(k)</sup>  | 2128 | 2145 |
| JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029) <sup>(k)</sup>  | 1000 | 1044 |
| JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029) <sup>(k)</sup>  | 1000 | 1026 |
| JPMorgan Chase & Co. 5.14% 1/24/2031 (USD-SOFR + 0.90% on 1/24/2030) <sup>(k)</sup>  | 7000 | 7234 |
| JPMorgan Chase & Co. 4.255% 10/22/2031 (USD-SOFR + 0.93% on 10/22/2030) <sup>(k)</sup>  | 9875 | 9843 |
| JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031) <sup>(k)</sup>  | 1520 | 1347 |
| JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032) <sup>(k)</sup>  | 10763 | 9865 |
| JPMorgan Chase & Co. 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035) <sup>(k)</sup>  | 3462 | 3651 |
| JPMorgan Chase & Co. 4.81% 10/22/2036 (USD-SOFR + 1.19% on 10/22/2035) <sup>(k)</sup>  | 17575 | 17526 |
| JPMorgan Chase & Co. 5.534% 11/29/2045 (USD-SOFR + 1.55% on 11/29/2044) <sup>(k)</sup>  | 10000 | 10309 |
| KKR & Co., Inc. 5.10% 8/7/2035  | 11000 | 10982 |
| Lloyds Banking Group PLC 4.375% 3/22/2028  | 4375 | 4395 |
| M&T Bank Corp. 6.082% 3/13/2032 (USD-SOFR + 2.26% on 3/13/2031) <sup>(k)</sup>  | 29 | 31 |
| Marsh & McLennan Cos., Inc. 5.00% 3/15/2035  | 2000 | 2031 |
| Marsh & McLennan Cos., Inc. 5.40% 3/15/2055  | 2000 | 1972 |
| Mastercard, Inc. 4.55% 1/15/2035  | 1009 | 1008 |
| Metropolitan Life Global Funding I 5.05% 6/11/2027 <sup>(f)</sup>  | 3000 | 3047 |
| Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027) <sup>(k)</sup>  | 2000 | 2042 |
| Morgan Stanley 4.968% 7/14/2028 (USD-SOFR + 0.93% on 7/14/2027) <sup>(k)</sup>  | 1100 | 1115 |
| Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028) <sup>(k)</sup>  | 1750 | 1783 |
| Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029) <sup>(k)</sup>  | 500 | 506 |
| Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030) <sup>(k)</sup>  | 7264 | 7490 |
| Morgan Stanley 4.356% 10/22/2031 (USD-SOFR + 1.074% on 10/22/2030) <sup>(k)</sup>  | 4250 | 4237 |
| Morgan Stanley 5.664% 4/17/2036 (USD-SOFR + 1.757% on 4/17/2035) <sup>(k)</sup>  | 4174 | 4397 |
| Morgan Stanley 4.892% 10/22/2036 (USD-SOFR + 1.314% on 10/22/2035) <sup>(k)</sup>  | 11450 | 11391 |
| Morgan Stanley 5.942% 2/7/2039 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 2/7/2039) <sup>(k)</sup>  | 1687 | 1771 |
| Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054) <sup>(k)</sup>  | 10000 | 10120 |
| Nasdaq, Inc. 5.55% 2/15/2034  | 871 | 914 |
| Navient Corp. 6.75% 6/15/2026  | 2000 | 2023 |
| Navient Corp. 5.00% 3/15/2027  | 6000 | 5969 |
| Navient Corp. 4.875% 3/15/2028  | 3000 | 2936 |
| Navient Corp. 5.50% 3/15/2029  | 2390 | 2353 |
| Navient Corp. 9.375% 7/25/2030  | 1007 | 1107 |
| Navient Corp. 7.875% 6/15/2032  | 1690 | 1748 |
| Navient Corp. 5.625% 8/1/2033  | 4860 | 4404 |
| OneMain Finance Corp. 6.625% 5/15/2029  | 10000 | 10296 |
| OneMain Finance Corp. 7.50% 5/15/2031  | 3215 | 3361 |
| OneMain Finance Corp. 7.125% 11/15/2031  | 1655 | 1716 |
| OneMain Finance Corp. 7.125% 9/15/2032  | 755 | 780 |
| OneMain Finance Corp. 6.50% 3/15/2033  | 4800 | 4794 |
| Osaic Holdings, Inc. 6.75% 8/1/2032 <sup>(f)</sup>  | 2095 | 2166 |
| Osaic Holdings, Inc. 8.00% 8/1/2033 <sup>(f)</sup>  | 220 | 226 |
| Osaic Holdings, Inc., Term Loan, (3-month USD CME Term SOFR + 3.00%) 6.965% 7/30/2032 <sup>(i)(l)</sup>  | 5115 | 5126 |
| Oxford Finance, LLC 6.375% 2/1/2027 <sup>(f)</sup>  | 2415 | 2401 |
| Piraeus Bank SA 8.25% 1/28/2027 (1-year EUR Mid-Swap + 5.715% on 1/28/2026) <sup>(k)</sup>  | EUR1,000 | 1169 |
| Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028) <sup>(k)</sup>  | 1090 | 1396 |
| Piraeus Bank SA 5.00% 4/16/2030 (1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029) <sup>(k)</sup>  | 970 | 1192 |

---

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| | |
|:---|:---|
| **23** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| PNC Bank, NA 5.373% 7/21/2036 (USD-SOFR + 1.417% on 7/21/2035) <sup>(k)</sup>  | USD5,996 | $6162 |
| PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032) <sup>(k)</sup>  | 3000 | 3235 |
| PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033) <sup>(k)</sup>  | 7800 | 8835 |
| PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034) <sup>(k)</sup>  | 46 | 49 |
| PNC Financial Services Group, Inc. 5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034) <sup>(k)</sup>  | 2975 | 3081 |
| PNC Financial Services Group, Inc. 5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035) <sup>(k)</sup>  | 3000 | 3136 |
| Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029) <sup>(k)</sup>  | 1066 | 1079 |
| Royal Bank of Canada 5.153% 2/4/2031 (USD-SOFR + 1.03% on 2/4/2030) <sup>(k)</sup>  | 1000 | 1030 |
| Royal Bank of Canada 4.696% 8/6/2031 (USD-SOFR + 1.06% on 8/6/2030) <sup>(k)</sup>  | 3000 | 3039 |
| Ryan Specialty, LLC 5.875% 8/1/2032 <sup>(f)</sup>  | 1770 | 1801 |
| Standard Chartered PLC 2.608% 1/12/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.18% on <br> 1/12/2027) <sup>(f)(k)</sup>  | 1000 | 981 |
| Starwood Property Trust, Inc. 5.75% 1/15/2031 <sup>(f)</sup>  | 1030 | 1046 |
| State Street Corp. 4.784% 10/23/2036 (USD-SOFR + 1.215% on 10/23/2035) <sup>(k)</sup>  | 1410 | 1405 |
| Synchrony Financial 5.45% 3/6/2031 (USD-SOFR + 1.68% on 3/6/2030) <sup>(k)</sup>  | 500 | 509 |
| Synchrony Financial 7.25% 2/2/2033  | 2500 | 2651 |
| Synchrony Financial 6.00% 7/29/2036 (USD-SOFR Index + 2.07% on 7/29/2035) <sup>(k)</sup>  | 573 | 586 |
| Toronto-Dominion Bank (The) 4.808% 6/3/2030  | 2700 | 2754 |
| TPG Operating Group II, LP 5.375% 1/15/2036  | 5000 | 5012 |
| Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031) <sup>(k)</sup>  | 1655 | 1700 |
| Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033) <sup>(k)</sup>  | 1000 | 1013 |
| Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033) <sup>(k)</sup>  | 840 | 890 |
| Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034) <sup>(k)</sup>  | 1008 | 1057 |
| Truist Financial Corp. 4.964% 10/23/2036 (USD-SOFR + 1.395% on 10/23/2035) <sup>(k)</sup>  | 7112 | 7007 |
| U.S. Bancorp 3.15% 4/27/2027  | 4000 | 3954 |
| U.S. Bancorp 5.046% 2/12/2031 (USD-SOFR + 1.061% on 2/12/2030) <sup>(k)</sup>  | 3000 | 3077 |
| U.S. Bancorp 5.85% 10/21/2033 (USD-SOFR + 2.09% on 10/21/2032) <sup>(k)</sup>  | 2000 | 2134 |
| U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033) <sup>(k)</sup>  | 6150 | 6181 |
| U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033) <sup>(k)</sup>  | 25 | 27 |
| U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034) <sup>(k)</sup>  | 1600 | 1687 |
| U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035) <sup>(k)</sup>  | 2000 | 2076 |
| Voyager Parent, LLC 9.25% 7/1/2032 <sup>(f)</sup>  | 2000 | 2098 |
| Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027) <sup>(k)</sup>  | 1000 | 1022 |
| Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030) <sup>(k)</sup>  | 7794 | 8040 |
| Wells Fargo & Co. 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032) <sup>(k)</sup>  | 10000 | 9326 |
| Wells Fargo & Co. 5.605% 4/23/2036 (USD-SOFR + 1.74% on 4/23/2035) <sup>(k)</sup>  | 1554 | 1634 |
|  |  | 666893 |
| **Communication services 0.47%** | **Communication services 0.47%** | **Communication services 0.47%** |
| Alphabet, Inc. 5.30% 5/15/2065  | 1167 | 1148 |
| Altice France 6.875% 7/15/2032 <sup>(f)</sup>  | 2205 | 2119 |
| America Movil, SAB de CV, 8.46% 12/18/2036  | MXN147,200 | 7490 |
| AT&T, Inc. 2.55% 12/1/2033  | USD5,181 | 4402 |
| AT&T, Inc. 3.50% 9/15/2053  | 3227 | 2210 |
| CCO Holdings, LLC 4.75% 3/1/2030 <sup>(f)</sup>  | 1475 | 1403 |
| CCO Holdings, LLC 4.50% 8/15/2030 <sup>(f)</sup>  | 4000 | 3753 |
| CCO Holdings, LLC 4.50% 6/1/2033 <sup>(f)</sup>  | 18325 | 15906 |
| CCO Holdings, LLC 4.25% 1/15/2034 <sup>(f)</sup>  | 26575 | 22345 |
| Charter Communications Operating, LLC 5.05% 3/30/2029  | 3000 | 3031 |
| Charter Communications Operating, LLC 6.384% 10/23/2035  | 1000 | 1036 |
| Charter Communications Operating, LLC 5.85% 12/1/2035  | 1165 | 1162 |
| Charter Communications Operating, LLC 3.50% 3/1/2042  | 5675 | 4019 |
| Charter Communications Operating, LLC 4.80% 3/1/2050  | 1035 | 810 |
| Charter Communications Operating, LLC 3.70% 4/1/2051  | 6469 | 4232 |
| Charter Communications Operating, LLC 3.90% 6/1/2052  | 13781 | 9050 |
| Charter Communications Operating, LLC 5.25% 4/1/2053  | 4046 | 3296 |
| Charter Communications Operating, LLC 6.70% 12/1/2055  | 762 | 752 |
| Comcast Corp. 2.65% 2/1/2030  | 18000 | 16855 |
| Comcast Corp. 5.65% 6/1/2054  | 1691 | 1620 |
| Connect Finco SARL 9.00% 9/15/2029 <sup>(f)</sup>  | 14725 | 15611 |
| Connect Finco SARL, Term Loan B, (1-month USD CME Term SOFR + 4.50%) 8.465% 9/27/2029 <sup>(i)(l)</sup>  | 14512 | 14460 |
| DIRECTV Financing, LLC 5.875% 8/15/2027 <sup>(f)</sup>  | 32068 | 32090 |
| DIRECTV Financing, LLC 8.875% 2/1/2030 <sup>(f)</sup>  | 4280 | 4260 |
| Discovery Communications, LLC 3.95% 3/20/2028  | 1604 | 1573 |
| DISH Network Corp. 11.75% 11/15/2027 <sup>(f)</sup>  | 49091 | 51713 |

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| | |
|:---|:---|
| Capital Income Builder | **24** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Communication services (continued)** | **Communication services (continued)** | **Communication services (continued)** |
| EchoStar Corp. 10.75% 11/30/2029  | USD4,628 | $5098 |
| EchoStar Corp. 6.75% PIK 11/30/2030 <sup>(m)</sup>  | 36580 | 37786 |
| Embarq, LLC 7.995% 6/1/2036  | 725 | 332 |
| Frontier Communications Holdings, LLC 6.75% 5/1/2029 <sup>(f)</sup>  | 1425 | 1441 |
| Frontier Communications Holdings, LLC 5.875% 11/1/2029  | 4854 | 4928 |
| Frontier Communications Holdings, LLC 6.00% 1/15/2030 <sup>(f)</sup>  | 20000 | 20298 |
| Gray Media, Inc. 10.50% 7/15/2029 <sup>(f)</sup>  | 3370 | 3634 |
| Gray Media, Inc. 9.625% 7/15/2032 <sup>(f)</sup>  | 7995 | 8044 |
| Gray Television, Inc., Term Loan D, (3-month USD CME Term SOFR + 3.00%) 7.249% 12/1/2028 <sup>(i)(l)</sup>  | 11999 | 12031 |
| Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) 9.384% 6/4/2029 <sup>(i)(l)</sup>  | 33 | 33 |
| Lindblad Expeditions, LLC 7.00% 9/15/2030 <sup>(f)</sup>  | 2560 | 2609 |
| Meta Platforms, Inc. 4.875% 11/15/2035  | 14820 | 14891 |
| Meta Platforms, Inc. 5.50% 11/15/2045  | 7389 | 7330 |
| Meta Platforms, Inc. 4.45% 8/15/2052  | 4500 | 3769 |
| Meta Platforms, Inc. 5.40% 8/15/2054  | 883 | 851 |
| Meta Platforms, Inc. 5.625% 11/15/2055  | 15172 | 15071 |
| Meta Platforms, Inc. 5.75% 11/15/2065  | 7595 | 7538 |
| Paramount Global 4.375% 3/15/2043  | 3000 | 2273 |
| Paramount Global 4.95% 5/19/2050  | 3000 | 2346 |
| SBA Tower Trust 1.631% 11/15/2026 <sup>(f)</sup>  | 22469 | 21838 |
| Sirius XM Radio, LLC 3.125% 9/1/2026 <sup>(f)</sup>  | 1825 | 1811 |
| Sirius XM Radio, LLC 5.00% 8/1/2027 <sup>(f)</sup>  | 3175 | 3170 |
| Sirius XM Radio, LLC 4.00% 7/15/2028 <sup>(f)</sup>  | 3775 | 3671 |
| Sirius XM Radio, LLC 5.50% 7/1/2029 <sup>(f)</sup>  | 325 | 326 |
| Sirius XM Radio, LLC 4.125% 7/1/2030 <sup>(f)</sup>  | 685 | 645 |
| Sirius XM Radio, LLC 3.875% 9/1/2031 <sup>(f)</sup>  | 6850 | 6221 |
| Snap, Inc. 6.875% 3/1/2033 <sup>(f)</sup>  | 6500 | 6654 |
| T-Mobile USA, Inc. 3.75% 4/15/2027  | 10000 | 9946 |
| T-Mobile USA, Inc. 3.875% 4/15/2030  | 8975 | 8794 |
| T-Mobile USA, Inc. 2.875% 2/15/2031  | 15000 | 13863 |
| T-Mobile USA, Inc. 3.50% 4/15/2031  | 10000 | 9513 |
| T-Mobile USA, Inc. 5.30% 5/15/2035  | 400 | 409 |
| T-Mobile USA, Inc. 4.95% 11/15/2035  | 100 | 99 |
| T-Mobile USA, Inc. 3.00% 2/15/2041  | 4200 | 3146 |
| T-Mobile USA, Inc. 3.30% 2/15/2051  | 5000 | 3385 |
| T-Mobile USA, Inc. 3.40% 10/15/2052  | 7200 | 4911 |
| Univision Communications, Inc. 7.375% 6/30/2030 <sup>(f)</sup>  | 2515 | 2526 |
| Univision Communications, Inc. 8.50% 7/31/2031 <sup>(f)</sup>  | 4000 | 4096 |
| Univision Communications, Inc. 9.375% 8/1/2032 <sup>(f)</sup>  | 2175 | 2298 |
| Verizon Communications, Inc. 2.55% 3/21/2031  | 10265 | 9326 |
| Verizon Communications, Inc. 2.355% 3/15/2032  | 11186 | 9785 |
| Verizon Communications, Inc. 5.25% 4/2/2035  | 352 | 356 |
| Verizon Communications, Inc. 5.401% 7/2/2037 <sup>(f)</sup>  | 351 | 355 |
| Verizon Communications, Inc. 2.85% 9/3/2041  | 460 | 333 |
| Verizon Communications, Inc. 2.987% 10/30/2056  | 2971 | 1806 |
| Versant Media Group, Inc., Term Loan B, (1-month USD CME Term SOFR + 3.50%) 7.537% 10/23/2030 <sup>(i)(l)</sup>  | 6520 | 6521 |
| WarnerMedia Holdings, Inc. 3.755% 3/15/2027  | 4764 | 4719 |
| WarnerMedia Holdings, Inc. 4.054% 3/15/2029  | 20001 | 19436 |
| WarnerMedia Holdings, Inc. 4.279% 3/15/2032  | 4000 | 3669 |
| WarnerMedia Holdings, Inc. 5.05% 3/15/2042  | 19607 | 15760 |
| WarnerMedia Holdings, Inc. 5.141% 3/15/2052  | 5798 | 4421 |
| X Corp., Term Loan B3, 9.50% 10/26/2029 <sup>(l)</sup>  | 6000 | 6028 |
|  |  | 566486 |
| **Energy 0.32%** | **Energy 0.32%** | **Energy 0.32%** |
| 3R Lux SARL 9.75% 2/5/2031 <sup>(f)</sup>  | 785 | 805 |
| AI Candelaria (Spain) SA 7.50% 12/15/2028 <sup>(f)</sup>  | 280 | 283 |
| AI Candelaria (Spain) SA 5.75% 6/15/2033 <sup>(f)</sup>  | 1495 | 1358 |
| Antero Resources Corp. 7.625% 2/1/2029 <sup>(f)</sup>  | 1000 | 1019 |
| APA Corp. 4.25% 1/15/2030  | 10285 | 10028 |
| APA Corp. 5.25% 2/1/2042  | 182 | 149 |
| APA Corp. 5.35% 7/1/2049  | 1615 | 1343 |
| Ascent Resources Utica Holdings, LLC 5.875% 6/30/2029 <sup>(f)</sup>  | 8980 | 8987 |
| Ascent Resources Utica Holdings, LLC 6.625% 7/15/2033 <sup>(f)</sup>  | 510 | 520 |
| Baytex Energy Corp. 8.50% 4/30/2030 <sup>(f)</sup>  | 115 | 118 |

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| | |
|:---|:---|
| **25** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Baytex Energy Corp. 7.375% 3/15/2032 <sup>(f)</sup>  | USD1,750 | $1725 |
| Borr IHC, Ltd. 10.00% 11/15/2028 <sup>(f)</sup>  | 1981 | 1990 |
| Borr IHC, Ltd. 10.375% 11/15/2030 <sup>(f)</sup>  | 2493 | 2499 |
| Cenovus Energy, Inc. 5.25% 6/15/2037  | 395 | 386 |
| Cenovus Energy, Inc. 5.40% 6/15/2047  | 2910 | 2703 |
| Civitas Resources, Inc. 5.00% 10/15/2026 <sup>(f)</sup>  | 3070 | 3057 |
| Civitas Resources, Inc. 8.375% 7/1/2028 <sup>(f)</sup>  | 1675 | 1733 |
| Civitas Resources, Inc. 8.625% 11/1/2030 <sup>(f)</sup>  | 490 | 507 |
| Civitas Resources, Inc. 8.75% 7/1/2031 <sup>(f)</sup>  | 1210 | 1245 |
| Civitas Resources, Inc. 9.625% 6/15/2033 <sup>(f)</sup>  | 915 | 982 |
| CNX Resources Corp. 6.00% 1/15/2029 <sup>(f)</sup>  | 2000 | 2011 |
| CNX Resources Corp. 7.25% 3/1/2032 <sup>(f)</sup>  | 585 | 610 |
| Crescent Energy Finance, LLC 9.25% 2/15/2028 <sup>(f)</sup>  | 2548 | 2642 |
| Crescent Energy Finance, LLC 7.625% 4/1/2032 <sup>(f)</sup>  | 2280 | 2212 |
| Crescent Energy Finance, LLC 7.375% 1/15/2033 <sup>(f)</sup>  | 1395 | 1319 |
| Devon Energy Corp. 5.75% 9/15/2054  | 1750 | 1612 |
| Diamondback Energy, Inc. 5.15% 1/30/2030  | 418 | 429 |
| Diamondback Energy, Inc. 5.40% 4/18/2034  | 1936 | 1975 |
| Diamondback Energy, Inc. 5.75% 4/18/2054  | 687 | 663 |
| Diamondback Energy, Inc. 5.90% 4/18/2064  | 432 | 414 |
| Ecopetrol SA 7.75% 2/1/2032  | 1500 | 1552 |
| Ecopetrol SA 8.875% 1/13/2033  | 1440 | 1561 |
| Ecopetrol SA 8.375% 1/19/2036  | 1220 | 1266 |
| Enbridge Energy Partners, LP 7.375% 10/15/2045  | 5459 | 6468 |
| Energean Israel Finance, Ltd. 5.875% 3/30/2031 <sup>(f)</sup>  | 5610 | 5429 |
| EOG Resources, Inc. 5.65% 12/1/2054  | 4559 | 4567 |
| EQT Corp. 7.50% 6/1/2027  | 2000 | 2034 |
| EQT Corp. 4.50% 1/15/2029  | 2116 | 2117 |
| EQT Corp. 7.00% 2/1/2030  | 15000 | 16289 |
| Equinor ASA 3.625% 9/10/2028  | 13165 | 13055 |
| Equinor ASA 3.25% 11/18/2049  | 7583 | 5458 |
| Expand Energy Corp. 5.375% 2/1/2029  | 1705 | 1706 |
| Exxon Mobil Corp. 2.61% 10/15/2030  | 20000 | 18705 |
| Exxon Mobil Corp. 3.452% 4/15/2051  | 2000 | 1472 |
| GeoPark, Ltd. 8.75% 1/31/2030 <sup>(f)</sup>  | 958 | 906 |
| GeoPark, Ltd. 8.75% 1/31/2030  | 292 | 276 |
| Gulfport Energy Operating Corp. 6.75% 9/1/2029 <sup>(f)</sup>  | 445 | 455 |
| Harbour Energy PLC 5.50% 10/15/2026 <sup>(f)</sup>  | 4000 | 3950 |
| Hess Midstream Operations, LP 5.875% 3/1/2028 <sup>(f)</sup>  | 785 | 802 |
| Hess Midstream Operations, LP 5.50% 10/15/2030 <sup>(f)</sup>  | 4000 | 4029 |
| Hilcorp Energy I, LP 5.75% 2/1/2029 <sup>(f)</sup>  | 665 | 653 |
| Hilcorp Energy I, LP 6.00% 4/15/2030 <sup>(f)</sup>  | 3260 | 3181 |
| Hilcorp Energy I, LP 6.00% 2/1/2031 <sup>(f)</sup>  | 450 | 428 |
| Hilcorp Energy I, LP 8.375% 11/1/2033 <sup>(f)</sup>  | 1170 | 1211 |
| Hilcorp Energy I, LP 6.875% 5/15/2034 <sup>(f)</sup>  | 3070 | 2920 |
| Kinetik Holdings, LP 6.625% 12/15/2028 <sup>(f)</sup>  | 1515 | 1557 |
| Kinetik Holdings, LP 5.875% 6/15/2030 <sup>(f)</sup>  | 2000 | 2016 |
| Kodiak Gas Services, LLC 6.50% 10/1/2033 <sup>(f)</sup>  | 965 | 990 |
| Kodiak Gas Services, LLC 6.75% 10/1/2035 <sup>(f)</sup>  | 965 | 994 |
| Kraken Oil & Gas Partners, LLC 7.625% 8/15/2029 <sup>(f)</sup>  | 375 | 367 |
| Leviathan Bond, Ltd. 6.75% 6/30/2030 <sup>(f)</sup>  | 1615 | 1634 |
| Matador Resources Co. 6.875% 4/15/2028 <sup>(f)</sup>  | 950 | 969 |
| Matador Resources Co. 6.50% 4/15/2032 <sup>(f)</sup>  | 2090 | 2111 |
| Matador Resources Co. 6.25% 4/15/2033 <sup>(f)</sup>  | 2280 | 2282 |
| MEG Energy Corp. 5.875% 2/1/2029 <sup>(f)</sup>  | 8000 | 8011 |
| Modec Finance BV 7.84% 7/15/2026 <sup>(b)(n)</sup>  | 2000 | 2025 |
| MPLX, LP 5.40% 9/15/2035  | 807 | 811 |
| Murphy Oil Corp. 6.375% 7/15/2028  | 2000 | 2002 |
| Murphy Oil Corp. 6.00% 10/1/2032  | 810 | 799 |
| Nabors Industries, Inc. 9.125% 1/31/2030 <sup>(f)</sup>  | 765 | 805 |
| Nabors Industries, Inc. 8.875% 8/15/2031 <sup>(f)</sup>  | 765 | 728 |
| Nabors Industries, Ltd. 7.50% 1/15/2028 <sup>(f)</sup>  | 6000 | 6032 |
| NFE Financing, LLC 12.00% 11/15/2029 <sup>(f)</sup>  | 51391 | 12575 |
| Noble Finance II, LLC 8.00% 4/15/2030 <sup>(f)</sup>  | 3305 | 3432 |
| Northern Oil and Gas, Inc. 8.75% 6/15/2031 <sup>(f)</sup>  | 1000 | 1020 |
| Occidental Petroleum Corp. 4.625% 6/15/2045  | 1500 | 1211 |

---

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| | |
|:---|:---|
| Capital Income Builder | **26** |

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------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Energy (continued)** | **Energy (continued)** | **Energy (continued)** |
| Occidental Petroleum Corp. 6.60% 3/15/2046  | USD4,000 | $4189 |
| Occidental Petroleum Corp. 4.40% 4/15/2046  | 2000 | 1587 |
| Occidental Petroleum Corp. 6.05% 10/1/2054  | 3000 | 2922 |
| Permian Resources Operating, LLC 5.875% 7/1/2029 <sup>(f)</sup>  | 5000 | 5008 |
| Permian Resources Operating, LLC 9.875% 7/15/2031 <sup>(f)</sup>  | 544 | 590 |
| Permian Resources Operating, LLC 7.00% 1/15/2032 <sup>(f)</sup>  | 6665 | 6920 |
| Permian Resources Operating, LLC 6.25% 2/1/2033 <sup>(f)</sup>  | 5000 | 5092 |
| Petroleos Mexicanos 6.50% 1/23/2029  | 14000 | 14320 |
| Petroleos Mexicanos 6.84% 1/23/2030  | 41500 | 42624 |
| Petroleos Mexicanos 6.70% 2/16/2032  | 2837 | 2836 |
| Petroleos Mexicanos 6.375% 1/23/2045  | 108 | 88 |
| Petroleos Mexicanos 6.75% 9/21/2047  | 5264 | 4364 |
| Petroleos Mexicanos 6.35% 2/12/2048  | 44 | 35 |
| Petroleos Mexicanos 7.69% 1/23/2050  | 277 | 251 |
| Petroleos Mexicanos 6.95% 1/28/2060  | 310 | 256 |
| Pluspetrol SA 8.50% 5/30/2032 <sup>(f)</sup>  | 1135 | 1157 |
| Raizen Fuels Finance SA 6.70% 2/25/2037 <sup>(f)</sup>  | 1695 | 1417 |
| Range Resources Corp. 4.75% 2/15/2030 <sup>(f)</sup>  | 445 | 436 |
| Repsol E&P Capital Markets US, LLC 5.976% 9/16/2035 <sup>(f)</sup>  | 1157 | 1178 |
| Saudi Arabian Oil Co. 5.75% 7/17/2054 <sup>(f)</sup>  | 2810 | 2827 |
| Saudi Arabian Oil Co. 5.875% 7/17/2064 <sup>(f)</sup>  | 3000 | 2999 |
| Sunoco, LP 6.00% 4/15/2027  | 1000 | 1004 |
| Sunoco, LP 7.00% 9/15/2028 <sup>(f)</sup>  | 2000 | 2070 |
| Sunoco, LP 7.00% 5/1/2029 <sup>(f)</sup>  | 935 | 975 |
| Sunoco, LP 4.50% 5/15/2029  | 1700 | 1668 |
| Sunoco, LP 5.625% 3/15/2031 <sup>(f)</sup>  | 1285 | 1287 |
| Sunoco, LP 7.25% 5/1/2032 <sup>(f)</sup>  | 1080 | 1140 |
| Sunoco, LP 6.25% 7/1/2033 <sup>(f)</sup>  | 2320 | 2372 |
| Sunoco, LP 5.875% 3/15/2034 <sup>(f)</sup>  | 1360 | 1361 |
| Sunoco, LP 7.875% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 4.23% on 9/18/2030) <sup>(f)(k)</sup>  | 2645 | 2688 |
| Talos Production, Inc. 9.00% 2/1/2029 <sup>(f)</sup>  | 735 | 756 |
| Talos Production, Inc. 9.375% 2/1/2031 <sup>(f)</sup>  | 925 | 947 |
| Targa Resources Corp. 5.65% 2/15/2036  | 1325 | 1360 |
| TransCanada Pipelines, Ltd. (3-month USD CME Term SOFR + 2.472%) 6.683% 5/16/2067 <sup>(i)</sup>  | 1000 | 903 |
| Transocean International, Ltd. 8.75% 2/15/2030 <sup>(f)</sup>  | 1650 | 1733 |
| Transocean International, Ltd. 7.875% 10/15/2032 <sup>(f)</sup>  | 1000 | 1031 |
| Transocean, Inc. 6.80% 3/15/2038  | 1000 | 878 |
| USA Compression Partners, LP 7.125% 3/15/2029 <sup>(f)</sup>  | 1020 | 1054 |
| Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029 <sup>(f)</sup>  | 3000 | 2844 |
| Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030 <sup>(f)</sup>  | 6161 | 6290 |
| Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031 <sup>(f)</sup>  | 3485 | 3225 |
| Venture Global Calcasieu Pass, LLC 3.875% 11/1/2033 <sup>(f)</sup>  | 10000 | 8834 |
| Venture Global LNG, Inc. 8.375% 6/1/2031 <sup>(f)</sup>  | 1250 | 1284 |
| Venture Global Plaquemines LNG, LLC 7.50% 5/1/2033 <sup>(f)</sup>  | 1250 | 1376 |
| Venture Global Plaquemines LNG, LLC 6.50% 1/15/2034 <sup>(f)</sup>  | 6880 | 7211 |
| Venture Global Plaquemines LNG, LLC 7.75% 5/1/2035 <sup>(f)</sup>  | 3095 | 3495 |
| Venture Global Plaquemines LNG, LLC 6.75% 1/15/2036 <sup>(f)</sup>  | 905 | 959 |
| Vista Energy Argentina S.A.U. 8.50% 6/10/2033 <sup>(f)</sup>  | 2000 | 2058 |
| Weatherford International, Ltd. 8.625% 4/30/2030 <sup>(f)</sup>  | 5113 | 5229 |
| Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029 <sup>(f)</sup>  | 665 | 665 |
|  |  | 375978 |
| **Health care 0.31%** | **Health care 0.31%** | **Health care 0.31%** |
| AbbVie, Inc. 4.95% 3/15/2031  | 1155 | 1195 |
| AbbVie, Inc. 5.05% 3/15/2034  | 4675 | 4811 |
| AbbVie, Inc. 5.35% 3/15/2044  | 2450 | 2461 |
| AbbVie, Inc. 5.40% 3/15/2054  | 2000 | 1991 |
| AbbVie, Inc. 5.50% 3/15/2064  | 129 | 129 |
| Amgen, Inc. 4.20% 3/1/2033  | 8000 | 7804 |
| Amgen, Inc. 5.25% 3/2/2033  | 2000 | 2072 |
| Amgen, Inc. 5.60% 3/2/2043  | 8000 | 8126 |
| Amgen, Inc. 4.40% 5/1/2045  | 2000 | 1735 |
| Amgen, Inc. 4.875% 3/1/2053  | 2825 | 2535 |
| Amgen, Inc. 5.75% 3/2/2063  | 5800 | 5797 |

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| | |
|:---|:---|
| **27** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| AstraZeneca Finance, LLC 4.90% 2/26/2031  | USD275 | $285 |
| AstraZeneca Finance, LLC 5.00% 2/26/2034  | 3325 | 3441 |
| Baxter International, Inc. 3.132% 12/1/2051  | 2500 | 1616 |
| Bristol-Myers Squibb Co. 5.20% 2/22/2034  | 3730 | 3876 |
| Bristol-Myers Squibb Co. 5.50% 2/22/2044  | 325 | 329 |
| Bristol-Myers Squibb Co. 5.55% 2/22/2054  | 7575 | 7543 |
| Bristol-Myers Squibb Co. 5.65% 2/22/2064  | 1425 | 1416 |
| Centene Corp. 3.00% 10/15/2030  | 2590 | 2313 |
| Centene Corp. 2.50% 3/1/2031  | 896 | 772 |
| Centene Corp. 2.625% 8/1/2031  | 4054 | 3481 |
| Cigna Group (The) 4.875% 9/15/2032  | 2000 | 2019 |
| Cigna Group (The) 5.25% 1/15/2036  | 4939 | 5019 |
| Cigna Group (The) 6.00% 1/15/2056  | 1628 | 1682 |
| CVS Health Corp. 5.40% 6/1/2029  | 2000 | 2070 |
| CVS Health Corp. 5.55% 6/1/2031  | 2467 | 2591 |
| CVS Health Corp. 5.00% 9/15/2032  | 9909 | 10069 |
| CVS Health Corp. 5.25% 2/21/2033  | 2000 | 2052 |
| CVS Health Corp. 5.70% 6/1/2034  | 1066 | 1115 |
| CVS Health Corp. 5.45% 9/15/2035  | 4911 | 5017 |
| CVS Health Corp. 6.00% 6/1/2044  | 12000 | 12163 |
| CVS Health Corp. 6.05% 6/1/2054  | 8000 | 8079 |
| CVS Health Corp. 6.20% 9/15/2055  | 6983 | 7177 |
| CVS Health Corp. 6.00% 6/1/2063  | 328 | 324 |
| CVS Health Corp., junior subordinated, 6.75% 12/10/2054 (5-year UST Yield Curve Rate T Note Constant Maturity <br> + 2.516% on 12/10/2034) <sup>(k)</sup>  | 5000 | 5201 |
| CVS Health Corp., junior subordinated, 7.00% 3/10/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 2.886% on 3/10/2030) <sup>(k)</sup>  | 5000 | 5261 |
| DaVita, Inc. 4.625% 6/1/2030 <sup>(f)</sup>  | 5000 | 4833 |
| DaVita, Inc. 6.75% 7/15/2033 <sup>(f)</sup>  | 3295 | 3419 |
| Elevance Health, Inc. 5.00% 1/15/2036  | 4127 | 4112 |
| Elevance Health, Inc. 5.70% 9/15/2055  | 1000 | 996 |
| Eli Lilly and Co. 4.90% 10/15/2035  | 3000 | 3052 |
| Eli Lilly and Co. 5.55% 10/15/2055  | 1259 | 1291 |
| Gilead Sciences, Inc. 5.10% 6/15/2035  | 2512 | 2589 |
| Gilead Sciences, Inc. 2.80% 10/1/2050  | 3000 | 1952 |
| HCA, Inc. 4.125% 6/15/2029  | 8450 | 8392 |
| Humana, Inc. 5.75% 4/15/2054  | 3400 | 3259 |
| Insulet Corp. 6.50% 4/1/2033 <sup>(f)</sup>  | 4000 | 4171 |
| IQVIA, Inc. 6.25% 6/1/2032 <sup>(f)</sup>  | 10000 | 10435 |
| Laboratory Corp. of America Holdings 4.70% 2/1/2045  | 6900 | 6248 |
| Medline Borrower, LP, Term Loan B, (1-month USD CME Term SOFR + 2.00%) 5.965% 10/23/2028 <sup>(i)(l)</sup>  | 4848 | 4857 |
| Molina Healthcare, Inc. 4.375% 6/15/2028 <sup>(f)</sup>  | 6000 | 5848 |
| Molina Healthcare, Inc. 3.875% 5/15/2032 <sup>(f)</sup>  | 7000 | 6318 |
| Molina Healthcare, Inc. 6.25% 1/15/2033 <sup>(f)</sup>  | 6000 | 6046 |
| Owens & Minor, Inc. 4.50% 3/31/2029 <sup>(f)</sup>  | 9387 | 7233 |
| Owens & Minor, Inc. 6.625% 4/1/2030 <sup>(f)</sup>  | 6160 | 4694 |
| Owens & Minor, Inc., Term Loan B-1, (3-month USD CME Term SOFR + 3.85%) 7.815% 3/29/2029 <sup>(i)(l)</sup>  | 32682 | 32532 |
| Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043  | 7000 | 6800 |
| Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053  | 6462 | 6255 |
| Pfizer Investment Enterprises Pte., Ltd. 5.34% 5/19/2063  | 4000 | 3798 |
| Shire Acquisitions Investments Ireland DAC 3.20% 9/23/2026  | 582 | 578 |
| Sterigenics-Nordion Holdings, LLC 7.375% 6/1/2031 <sup>(f)</sup>  | 810 | 852 |
| Takeda U.S. Financing, Inc. 5.20% 7/7/2035  | 6639 | 6758 |
| Takeda U.S. Financing, Inc. 5.90% 7/7/2055  | 1185 | 1227 |
| Tenet Healthcare Corp. 4.25% 6/1/2029  | 5000 | 4893 |
| Tenet Healthcare Corp. 6.75% 5/15/2031  | 2500 | 2596 |
| Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026  | 7998 | 7880 |
| Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027  | 909 | 910 |
| Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028  | 13305 | 13827 |
| Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029  | 7815 | 7870 |
| Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029  | 3448 | 3774 |
| Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031  | 2553 | 2930 |
| Teva Pharmaceutical Finance Netherlands III BV 6.00% 12/1/2032  | 1460 | 1525 |
| Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046  | 16718 | 12575 |
| Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030  | 900 | 931 |
| UnitedHealth Group, Inc. 4.40% 6/15/2028  | 1370 | 1384 |

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| | |
|:---|:---|
| Capital Income Builder | **28** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Health care (continued)** | **Health care (continued)** | **Health care (continued)** |
| UnitedHealth Group, Inc. 4.65% 1/15/2031  | USD2,785 | $2830 |
| UnitedHealth Group, Inc. 5.15% 7/15/2034  | 1200 | 1234 |
| UnitedHealth Group, Inc. 5.30% 6/15/2035  | 8528 | 8831 |
| UnitedHealth Group, Inc. 5.50% 7/15/2044  | 3500 | 3514 |
| UnitedHealth Group, Inc. 5.625% 7/15/2054  | 3000 | 2987 |
| UnitedHealth Group, Inc. 5.95% 6/15/2055  | 3458 | 3601 |
| Viatris, Inc. 4.00% 6/22/2050  | 1156 | 779 |
|  |  | 366983 |
| **Industrials 0.26%** | **Industrials 0.26%** | **Industrials 0.26%** |
| Ambipar Lux SARL 9.875% 2/6/2031 <sup>(f)(o)</sup>  | 385 | 88 |
| Amentum Escrow Corp., Term Loan, (3-month USD CME Term SOFR + 2.25%) 6.215% 9/29/2031 <sup>(i)(l)</sup>  | 4228 | 4195 |
| BAE Systems PLC 5.25% 3/26/2031 <sup>(f)</sup>  | 346 | 360 |
| BAE Systems PLC 5.30% 3/26/2034 <sup>(f)</sup>  | 925 | 960 |
| Boeing Co. (The) 3.25% 2/1/2028  | 2000 | 1959 |
| Boeing Co. (The) 6.298% 5/1/2029  | 3228 | 3425 |
| Boeing Co. (The) 5.15% 5/1/2030  | 4221 | 4343 |
| Boeing Co. (The) 3.625% 2/1/2031  | 2488 | 2387 |
| Boeing Co. (The) 6.388% 5/1/2031  | 1894 | 2061 |
| Boeing Co. (The) 3.60% 5/1/2034  | 5000 | 4538 |
| Boeing Co. (The) 6.528% 5/1/2034  | 46591 | 51576 |
| Boeing Co. (The) 5.705% 5/1/2040  | 3000 | 3061 |
| Boeing Co. (The) 5.805% 5/1/2050  | 4407 | 4381 |
| Boeing Co. (The) 6.858% 5/1/2054  | 2598 | 2960 |
| Boeing Co. (The) 5.93% 5/1/2060  | 4629 | 4605 |
| Boeing Co. (The) 7.008% 5/1/2064  | 307 | 352 |
| Canadian Pacific Railway Co. 3.00% 12/2/2041  | 1247 | 938 |
| Canadian Pacific Railway Co. 3.10% 12/2/2051  | 3885 | 2633 |
| Carrier Global Corp. 2.722% 2/15/2030  | 12267 | 11514 |
| Clean Harbors, Inc. 5.75% 10/15/2033 <sup>(f)</sup>  | 5895 | 6029 |
| CSX Corp. 2.40% 2/15/2030  | 6636 | 6204 |
| CSX Corp. 6.22% 4/30/2040  | 4000 | 4421 |
| CSX Corp. 3.35% 9/15/2049  | 10000 | 7233 |
| EquipmentShare.com, Inc. 8.625% 5/15/2032 <sup>(f)</sup>  | 14995 | 15151 |
| EquipmentShare.com, Inc. 8.00% 3/15/2033 <sup>(f)</sup>  | 2005 | 1968 |
| FTAI Aviation Investors, LLC 5.875% 4/15/2033 <sup>(f)</sup>  | 1500 | 1515 |
| General Electric Co. 4.30% 7/29/2030  | 1886 | 1901 |
| General Electric Co. 4.90% 1/29/2036  | 726 | 740 |
| Herc Holdings, Inc. 6.625% 6/15/2029 <sup>(f)</sup>  | 1755 | 1814 |
| Herc Holdings, Inc. 7.00% 6/15/2030 <sup>(f)</sup>  | 1015 | 1063 |
| Herc Holdings, Inc. 7.25% 6/15/2033 <sup>(f)</sup>  | 7550 | 7966 |
| Icahn Enterprises, LP 6.25% 5/15/2026  | 2166 | 2169 |
| Icahn Enterprises, LP 5.25% 5/15/2027  | 18000 | 17700 |
| Icahn Enterprises, LP 9.75% 1/15/2029  | 2000 | 2010 |
| Icahn Enterprises, LP 10.00% 11/15/2029 <sup>(f)</sup>  | 405 | 407 |
| IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032 <sup>(f)</sup>  | 1140 | 1187 |
| Moog, Inc. 4.25% 12/9/2027 <sup>(f)</sup>  | 4625 | 4588 |
| Norfolk Southern Corp. 5.10% 5/1/2035  | 432 | 442 |
| Norfolk Southern Corp. 3.05% 5/15/2050  | 3000 | 2035 |
| Norfolk Southern Corp. 5.35% 8/1/2054  | 13833 | 13553 |
| Paychex, Inc. 5.60% 4/15/2035  | 493 | 515 |
| Peraton Corp., Term Loan B, (3-month USD CME Term SOFR + 3.85%) 7.69% 2/1/2028 <sup>(i)(l)</sup>  | 20840 | 18075 |
| Prime Security Services Borrower, LLC 5.75% 4/15/2026 <sup>(f)</sup>  | 220 | 221 |
| QXO Building Products, Inc. 6.75% 4/30/2032 <sup>(f)</sup>  | 4140 | 4296 |
| Regal Rexnord Corp. 6.30% 2/15/2030  | 2500 | 2647 |
| Regal Rexnord Corp. 6.40% 4/15/2033  | 2500 | 2681 |
| RTX Corp. 3.125% 5/4/2027  | 12375 | 12210 |
| Sabre GLBL, Inc. 11.125% 7/15/2030 <sup>(f)</sup>  | 3949 | 3737 |
| Science Applications International Corp. 5.875% 11/1/2033 <sup>(f)</sup>  | 310 | 309 |
| SkyMiles IP, Ltd. 4.75% 10/20/2028 <sup>(f)</sup>  | 1840 | 1853 |
| Spirit AeroSystems, Inc. 9.375% 11/30/2029 <sup>(f)</sup>  | 15000 | 15771 |
| Spirit AeroSystems, Inc., Term Loan, (3-month CME Term SOFR + 4.5%) 8.34% 1/15/2027 <sup>(i)(l)</sup>  | 12736 | 12796 |
| TransDigm, Inc. 6.375% 3/1/2029 <sup>(f)</sup>  | 6000 | 6171 |
| TransDigm, Inc. 6.25% 1/31/2034 <sup>(f)</sup>  | 11005 | 11382 |
| TransDigm, Inc. 6.75% 1/31/2034 <sup>(f)</sup>  | 1180 | 1224 |

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| | |
|:---|:---|
| **29** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Industrials (continued)** | **Industrials (continued)** | **Industrials (continued)** |
| Union Pacific Corp. 5.10% 2/20/2035  | USD1,263 | $1300 |
| Union Pacific Corp. 3.50% 2/14/2053  | 817 | 593 |
| Union Pacific Corp. 5.60% 12/1/2054  | 2462 | 2497 |
| Verisk Analytics, Inc. 5.125% 2/15/2036  | 5193 | 5227 |
|  |  | 309937 |
| **Consumer discretionary 0.25%** | **Consumer discretionary 0.25%** | **Consumer discretionary 0.25%** |
| Advance Auto Parts, Inc. 5.95% 3/9/2028  | 2623 | 2662 |
| Advance Auto Parts, Inc. 3.90% 4/15/2030  | 3581 | 3286 |
| Advance Auto Parts, Inc. 7.00% 8/1/2030 <sup>(f)</sup>  | 4245 | 4287 |
| Advance Auto Parts, Inc. 3.50% 3/15/2032  | 3272 | 2837 |
| Advance Auto Parts, Inc. 7.375% 8/1/2033 <sup>(f)</sup>  | 4105 | 4160 |
| Allied Universal Holdco, LLC 6.875% 6/15/2030 <sup>(f)</sup>  | 6285 | 6453 |
| Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029 <sup>(f)</sup>  | 1000 | 1038 |
| AutoNation, Inc. 5.89% 3/15/2035  | 4000 | 4132 |
| Bath & Body Works, Inc. 7.50% 6/15/2029  | 1000 | 1030 |
| Caesars Entertainment, Inc. 6.50% 2/15/2032 <sup>(f)</sup>  | 2000 | 2018 |
| Carnival Corp. 4.00% 8/1/2028 <sup>(f)</sup>  | 3000 | 2953 |
| Carnival Corp. 5.125% 5/1/2029 <sup>(f)</sup>  | 3460 | 3505 |
| Carnival Corp. 6.00% 5/1/2029 <sup>(f)</sup>  | 5990 | 6080 |
| Carnival Corp. 7.00% 8/15/2029 <sup>(f)</sup>  | 6115 | 6434 |
| Carnival Corp. 5.75% 3/15/2030 <sup>(f)</sup>  | 1250 | 1288 |
| Carnival Corp. 5.75% 8/1/2032 <sup>(f)</sup>  | 3500 | 3600 |
| Carnival Corp. 6.125% 2/15/2033 <sup>(f)</sup>  | 8965 | 9251 |
| Ford Motor Co. 3.25% 2/12/2032  | 2000 | 1745 |
| Ford Motor Co. 4.75% 1/15/2043  | 11575 | 9321 |
| Ford Motor Co. 5.291% 12/8/2046  | 12290 | 10402 |
| Ford Motor Credit Co., LLC 3.375% 11/13/2025  | 8510 | 8507 |
| Ford Motor Credit Co., LLC 6.95% 3/6/2026  | 200 | 201 |
| Ford Motor Credit Co., LLC 6.95% 6/10/2026  | 2200 | 2228 |
| Ford Motor Credit Co., LLC 2.70% 8/10/2026  | 3790 | 3737 |
| Ford Motor Credit Co., LLC 5.85% 5/17/2027  | 4000 | 4058 |
| Ford Motor Credit Co., LLC 4.95% 5/28/2027  | 4230 | 4235 |
| Ford Motor Credit Co., LLC 2.90% 2/16/2028  | 1000 | 957 |
| Ford Motor Credit Co., LLC 5.918% 3/20/2028  | 1171 | 1197 |
| Ford Motor Credit Co., LLC 6.798% 11/7/2028  | 1780 | 1860 |
| Ford Motor Credit Co., LLC 2.90% 2/10/2029  | 8995 | 8386 |
| Ford Motor Credit Co., LLC 5.113% 5/3/2029  | 6100 | 6076 |
| Ford Motor Credit Co., LLC 7.20% 6/10/2030  | 6450 | 6906 |
| Ford Motor Credit Co., LLC 5.73% 9/5/2030  | 6247 | 6337 |
| Ford Motor Credit Co., LLC 3.625% 6/17/2031  | 5000 | 4538 |
| Ford Motor Credit Co., LLC 6.054% 11/5/2031  | 1686 | 1724 |
| Ford Motor Credit Co., LLC 6.125% 3/8/2034  | 4053 | 4104 |
| Ford Motor Credit Co., LLC 6.50% 2/7/2035  | 25500 | 26403 |
| Ford Motor Credit Co., LLC 5.869% 10/31/2035  | 4675 | 4621 |
| General Motors Financial Co., Inc. 5.80% 1/7/2029  | 750 | 782 |
| General Motors Financial Co., Inc. 4.90% 10/6/2029  | 603 | 612 |
| General Motors Financial Co., Inc. 5.45% 7/15/2030  | 2000 | 2073 |
| General Motors Financial Co., Inc. 5.625% 4/4/2032  | 800 | 832 |
| General Motors Financial Co., Inc. 5.45% 9/6/2034  | 1357 | 1374 |
| General Motors Financial Co., Inc. 5.90% 1/7/2035  | 8361 | 8714 |
| General Motors Financial Co., Inc. 6.15% 7/15/2035  | 1904 | 2009 |
| GENM Capital Labuan, Ltd. 3.882% 4/19/2031  | 3000 | 2719 |
| Genting New York, LLC 7.25% 10/1/2029 <sup>(f)</sup>  | 430 | 445 |
| Gildan Activewear, Inc. 5.40% 10/7/2035 <sup>(f)</sup>  | 645 | 643 |
| Grand Canyon University 4.375% 10/1/2026  | 1500 | 1481 |
| Great Canadian Gaming Corp. 8.75% 11/15/2029 <sup>(f)</sup>  | 385 | 377 |
| Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) 6.715% 3/7/2032 <sup>(i)(l)</sup>  | 2837 | 2855 |
| Home Depot, Inc. 2.95% 6/15/2029  | 4775 | 4615 |
| Home Depot, Inc. 5.40% 6/25/2064  | 1480 | 1458 |
| Hyundai Capital America 4.875% 6/23/2027 <sup>(f)</sup>  | 1334 | 1346 |
| Hyundai Capital America 5.275% 6/24/2027 <sup>(f)</sup>  | 3073 | 3121 |
| Hyundai Capital America 4.90% 6/23/2028 <sup>(f)</sup>  | 1422 | 1443 |
| Hyundai Capital America 4.25% 9/18/2028 <sup>(f)</sup>  | 2166 | 2162 |
| Hyundai Capital America 5.15% 3/27/2030 <sup>(f)</sup>  | 1000 | 1023 |

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| | |
|:---|:---|
| Capital Income Builder | **30** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer discretionary (continued)** | **Consumer discretionary (continued)** | **Consumer discretionary (continued)** |
| Hyundai Capital America 4.50% 9/18/2030 <sup>(f)</sup>  | USD1,043 | $1041 |
| McDonald's Corp. 3.70% 1/30/2026  | 7015 | 7015 |
| McDonald's Corp. 4.45% 3/1/2047  | 2100 | 1819 |
| McDonald's Corp. 5.15% 9/9/2052  | 1000 | 947 |
| Newell Brands, Inc. 6.375% 5/15/2030  | 1200 | 1143 |
| Newell Brands, Inc. 6.625% 5/15/2032  | 5580 | 5259 |
| Newell Brands, Inc. 7.125% 4/1/2036  | 1715 | 1620 |
| Newell Brands, Inc. 7.50% 4/1/2046  | 4000 | 3310 |
| Nissan Motor Acceptance Co., LLC 6.125% 9/30/2030 <sup>(f)</sup>  | 10000 | 9921 |
| Nissan Motor Co., Ltd. 7.50% 7/17/2030 <sup>(f)</sup>  | 2000 | 2094 |
| Nissan Motor Co., Ltd. 4.81% 9/17/2030 <sup>(f)</sup>  | 6000 | 5631 |
| Nissan Motor Co., Ltd. 8.125% 7/17/2035 <sup>(f)</sup>  | 8265 | 8797 |
| RHP Hotel Properties, LP 6.50% 6/15/2033 <sup>(f)</sup>  | 790 | 816 |
| Royal Caribbean Cruises, Ltd. 4.25% 7/1/2026 <sup>(f)</sup>  | 2825 | 2822 |
| Royal Caribbean Cruises, Ltd. 5.625% 9/30/2031 <sup>(f)</sup>  | 1375 | 1401 |
| Royal Caribbean Cruises, Ltd. 5.375% 1/15/2036  | 3278 | 3302 |
| Sands China, Ltd. 2.85% 3/8/2029  | 10000 | 9481 |
| Starbucks Corp. 3.50% 11/15/2050  | 3000 | 2152 |
| Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028 <sup>(f)</sup>  | 2000 | 1967 |
| ZF North America Capital, Inc. 6.75% 4/23/2030 <sup>(f)</sup>  | 915 | 872 |
|  |  | 294051 |
| **Utilities 0.23%** | **Utilities 0.23%** | **Utilities 0.23%** |
| Aegea Finance SARL 9.00% 1/20/2031 <sup>(f)</sup>  | 1295 | 1370 |
| AES Panama Generation Holdings, SRL 4.375% 5/31/2030 <sup>(f)</sup>  | 1030 | 963 |
| Alfa Transmisora De Energia SA 4.55% 9/27/2051 <sup>(f)</sup>  | 1159 | 953 |
| Alliant Energy Finance, LLC 3.60% 3/1/2032 <sup>(f)</sup>  | 750 | 698 |
| Berkshire Hathaway Energy Co. 4.60% 5/1/2053  | 2000 | 1734 |
| Commonwealth Edison Co. 2.95% 8/15/2027  | 2450 | 2411 |
| Consumers Energy Co. 5.05% 5/15/2035  | 650 | 663 |
| Edison International 4.125% 3/15/2028  | 1832 | 1802 |
| Edison International 5.25% 11/15/2028  | 1523 | 1534 |
| Edison International 5.45% 6/15/2029  | 2000 | 2023 |
| Edison International 5.25% 3/15/2032  | 2280 | 2258 |
| Edison International 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.901% on 3/15/2027) <sup>(k)</sup>  | 3000 | 2934 |
| Edison International, junior subordinated, 7.875% 6/15/2054 (5-year UST Yield Curve Rate T Note Constant <br> Maturity + 3.658% on 6/15/2029) <sup>(k)</sup>  | 1340 | 1381 |
| Electricite de France SA 2.875% junior subordinated perpetual bonds (5-year EUR Mid-Swap + 3.373% on <br> 3/15/2027) <sup>(k)</sup>  | EUR4,000 | 4570 |
| Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T <br> Note Constant Maturity + 5.411% on 6/15/2033) <sup>(f)(k)</sup>  | USD2,750 | 3187 |
| Emera, Inc. 6.75% 6/15/2076 (3-month USD CME Term SOFR + 5.702% on 6/15/2026) <sup>(k)</sup>  | 15349 | 15471 |
| Empresas Publicas de Medellin ESP 4.25% 7/18/2029  | 1713 | 1624 |
| Enel Finance International NV 5.75% 9/30/2055 <sup>(f)</sup>  | 4000 | 3954 |
| Enfragen Energia Sur SA 5.375% 12/30/2030  | 800 | 745 |
| Eversource Energy 5.95% 7/15/2034  | 1547 | 1646 |
| Exelon Corp. 4.45% 4/15/2046  | 8115 | 6956 |
| FirstEnergy Corp. 1.60% 1/15/2026  | 2600 | 2582 |
| FirstEnergy Corp. 3.40% 3/1/2050  | 2000 | 1405 |
| FirstEnergy Corp., Series B, 3.90% 7/15/2027  | 25785 | 25630 |
| Florida Power & Light Co. 5.10% 4/1/2033  | 2115 | 2193 |
| Florida Power & Light Co. 5.30% 4/1/2053  | 1368 | 1344 |
| Jersey Central Power & Light Co. 5.10% 1/15/2035  | 575 | 584 |
| Light Energia SA 4.375% 6/18/2026  | 471 | 442 |
| Light Servicos de Eletricidade SA 4.21% 12/19/2032  | 209 | 119 |
| Light Servicos de Eletricidade SA 2.26% PIK 12/19/2037 <sup>(m)</sup>  | 87 | 23 |
| Long Ridge Energy, LLC 8.75% 2/15/2032 <sup>(f)</sup>  | 1240 | 1283 |
| Pacific Gas and Electric Co. 3.15% 1/1/2026  | 1365 | 1362 |
| Pacific Gas and Electric Co. 2.95% 3/1/2026  | 11625 | 11566 |
| Pacific Gas and Electric Co. 5.45% 6/15/2027  | 2000 | 2035 |
| Pacific Gas and Electric Co. 5.00% 6/4/2028  | 2000 | 2029 |
| Pacific Gas and Electric Co. 3.00% 6/15/2028  | 676 | 652 |
| Pacific Gas and Electric Co. 4.65% 8/1/2028  | 1500 | 1508 |
| Pacific Gas and Electric Co. 4.55% 7/1/2030  | 2173 | 2160 |

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| | |
|:---|:---|
| **31** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Utilities (continued)** | **Utilities (continued)** | **Utilities (continued)** |
| Pacific Gas and Electric Co. 2.50% 2/1/2031  | USD19,190 | $17185 |
| Pacific Gas and Electric Co. 5.05% 10/15/2032  | 5000 | 5011 |
| Pacific Gas and Electric Co. 6.40% 6/15/2033  | 2100 | 2262 |
| Pacific Gas and Electric Co. 5.80% 5/15/2034  | 2925 | 3033 |
| Pacific Gas and Electric Co. 5.70% 3/1/2035  | 983 | 1011 |
| Pacific Gas and Electric Co. 6.00% 8/15/2035  | 1000 | 1049 |
| Pacific Gas and Electric Co. 4.95% 7/1/2050  | 21973 | 18931 |
| Pacific Gas and Electric Co. 3.50% 8/1/2050  | 16325 | 11167 |
| Pacific Gas and Electric Co. 5.90% 10/1/2054  | 3000 | 2925 |
| Pacific Gas and Electric Co. 6.10% 10/15/2055  | 5000 | 5002 |
| PacifiCorp 5.45% 2/15/2034  | 1850 | 1903 |
| PacifiCorp 3.30% 3/15/2051  | 800 | 530 |
| PacifiCorp 2.90% 6/15/2052  | 5419 | 3315 |
| PacifiCorp 5.35% 12/1/2053  | 575 | 531 |
| PacifiCorp 5.50% 5/15/2054  | 6949 | 6568 |
| PacifiCorp 5.80% 1/15/2055  | 6800 | 6652 |
| PG&E Corp. 5.00% 7/1/2028  | 6595 | 6553 |
| PG&E Corp. 5.25% 7/1/2030  | 10890 | 10784 |
| PG&E Corp., junior subordinated, 7.375% 3/15/2055 (5-year UST Yield Curve Rate T Note Constant Maturity + <br> 3.883% on 3/15/2030) <sup>(k)</sup>  | 10750 | 11071 |
| Public Service Electric and Gas Co. 3.20% 5/15/2029  | 4000 | 3888 |
| Public Service Electric and Gas Co. 4.90% 8/15/2035  | 1325 | 1340 |
| Public Service Electric and Gas Co. 3.20% 8/1/2049  | 3300 | 2345 |
| Southern California Edison Co. 4.20% 3/1/2029  | 1000 | 990 |
| Southern California Edison Co. 2.85% 8/1/2029  | 550 | 519 |
| Southern California Edison Co. 5.20% 6/1/2034  | 3375 | 3380 |
| Southern California Edison Co. 5.45% 3/1/2035  | 1600 | 1623 |
| Southern California Edison Co. 3.60% 2/1/2045  | 2102 | 1537 |
| Southern California Edison Co. 4.00% 4/1/2047  | 15884 | 12132 |
| Southern California Edison Co. 5.90% 3/1/2055  | 10750 | 10595 |
| Southern California Edison Co. 6.20% 9/15/2055  | 2079 | 2125 |
| Talen Energy Supply, LLC, Term Loan B, (1-month USD CME Term SOFR + 2.00%) 6.106% 10/11/2032 <sup>(i)(l)</sup>  | 2060 | 2061 |
| Wisconsin Electric Power Co. 4.15% 10/15/2030  | 1050 | 1047 |
| Xcel Energy, Inc. 2.60% 12/1/2029  | 1525 | 1427 |
|  |  | 276286 |
| **Information technology 0.21%** | **Information technology 0.21%** | **Information technology 0.21%** |
| Amphenol Corp. 4.625% 2/15/2036  | 11880 | 11680 |
| Amphenol Corp. 5.30% 11/15/2055  | 1463 | 1425 |
| ams-OSRAM AG 12.25% 3/30/2029 <sup>(f)</sup>  | 700 | 757 |
| Broadcom, Inc. 5.05% 7/12/2029  | 3569 | 3676 |
| Broadcom, Inc. 4.60% 7/15/2030  | 3000 | 3045 |
| Broadcom, Inc. 5.15% 11/15/2031  | 2511 | 2612 |
| Broadcom, Inc. 4.55% 2/15/2032  | 492 | 495 |
| Broadcom, Inc. 3.469% 4/15/2034  | 1500 | 1375 |
| Broadcom, Inc. 4.80% 10/15/2034  | 495 | 497 |
| Broadcom, Inc. 5.20% 7/15/2035  | 3500 | 3607 |
| Broadcom, Inc. 4.80% 2/15/2036  | 1929 | 1915 |
| Broadcom, Inc. 4.90% 2/15/2038  | 1762 | 1742 |
| Cloud Software Group, Inc. 8.25% 6/30/2032 <sup>(f)</sup>  | 4000 | 4207 |
| Cloud Software Group, Inc. 6.625% 8/15/2033 <sup>(f)</sup>  | 2500 | 2508 |
| CommScope Technologies, LLC 5.00% 3/15/2027 <sup>(f)</sup>  | 450 | 449 |
| Commscope, LLC, Term Loan, (3-month USD CME Term SOFR + 4.75%) 8.715% 12/17/2029 <sup>(i)(l)</sup>  | 275 | 278 |
| Diebold Nixdorf, Inc. 7.75% 3/31/2030 <sup>(f)</sup>  | 8200 | 8704 |
| Fair Isaac Corp. 6.00% 5/15/2033 <sup>(f)</sup>  | 7000 | 7143 |
| Hughes Satellite Systems Corp. 5.25% 8/1/2026  | 31625 | 31148 |
| Hughes Satellite Systems Corp. 6.625% 8/1/2026  | 3286 | 3113 |
| Intel Corp. 3.05% 8/12/2051  | 1455 | 923 |
| Intel Corp. 5.60% 2/21/2054  | 4451 | 4260 |
| Intel Corp. 3.10% 2/15/2060  | 8000 | 4678 |
| Microchip Technology, Inc. 5.05% 3/15/2029  | 2725 | 2779 |
| Microchip Technology, Inc. 5.05% 2/15/2030  | 1437 | 1466 |
| Micron Technology, Inc. 6.05% 11/1/2035  | 2500 | 2680 |
| NCR Atleos Corp. 9.50% 4/1/2029 <sup>(f)</sup>  | 1000 | 1081 |
| Oracle Corp. 4.80% 9/26/2032  | 4000 | 3960 |

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| | |
|:---|:---|
| Capital Income Builder | **32** |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Information technology (continued)** | **Information technology (continued)** | **Information technology (continued)** |
| Oracle Corp. 5.50% 8/3/2035  | USD4,500 | $4554 |
| Oracle Corp. 5.20% 9/26/2035  | 18137 | 17869 |
| Oracle Corp. 5.875% 9/26/2045  | 1430 | 1378 |
| Oracle Corp. 3.95% 3/25/2051  | 3029 | 2161 |
| Oracle Corp. 6.00% 8/3/2055  | 8000 | 7659 |
| Oracle Corp. 5.95% 9/26/2055  | 3669 | 3481 |
| Oracle Corp. 6.10% 9/26/2065  | 1667 | 1591 |
| Roper Technologies, Inc. 4.90% 10/15/2034  | 2425 | 2421 |
| Roper Technologies, Inc. 5.10% 9/15/2035  | 3719 | 3745 |
| Synopsys, Inc. 5.15% 4/1/2035  | 25000 | 25406 |
| Synopsys, Inc. 5.70% 4/1/2055  | 20404 | 20629 |
| Texas Instruments, Inc. 4.85% 2/8/2034  | 5 | 5 |
| UKG, Inc. 6.875% 2/1/2031 <sup>(f)</sup>  | 925 | 953 |
| Unisys Corp. 10.625% 1/15/2031 <sup>(f)</sup>  | 3641 | 3869 |
| Viasat, Inc. 5.625% 4/15/2027 <sup>(f)</sup>  | 16000 | 15999 |
| Viasat, Inc., Term Loan B, (1-month USD CME Term SOFR + 4.61448%) 8.579% 3/2/2029 <sup>(i)(l)</sup>  | 10518 | 10457 |
| Viasat, Inc., Term Loan B, (3-month USD CME Term SOFR + 4.50%) 8.646% 5/30/2030 <sup>(i)(l)</sup>  | 13071 | 12947 |
| WULF Compute, LLC 7.75% 10/15/2030 <sup>(f)</sup>  | 1710 | 1778 |
| X.AI Corp. 12.50% 6/30/2030  | 5200 | 5474 |
|  |  | 254579 |
| **Real estate 0.14%** | **Real estate 0.14%** | **Real estate 0.14%** |
| Boston Properties, LP 2.45% 10/1/2033  | 2114 | 1737 |
| Boston Properties, LP 6.50% 1/15/2034  | 2395 | 2582 |
| Boston Properties, LP 5.75% 1/15/2035  | 3144 | 3218 |
| Corp. Inmobiliaria Vesta, SAB de CV, 3.625% 5/13/2031 <sup>(f)</sup>  | 980 | 907 |
| Equinix, Inc. 2.90% 11/18/2026  | 6572 | 6488 |
| FibraSOMA 4.375% 7/22/2031 <sup>(f)</sup>  | 2753 | 2406 |
| Fideicomiso Fibra Uno 7.70% 1/23/2032 <sup>(f)</sup>  | 355 | 388 |
| Forestar Group, Inc. 5.00% 3/1/2028 <sup>(f)</sup>  | 6000 | 6000 |
| Forestar Group, Inc. 6.50% 3/15/2033 <sup>(f)</sup>  | 2640 | 2707 |
| GLP Capital, LP 4.00% 1/15/2030  | 2500 | 2429 |
| Highwoods Realty, LP 7.65% 2/1/2034  | 2000 | 2286 |
| Howard Hughes Corp. (The) 5.375% 8/1/2028 <sup>(f)</sup>  | 5130 | 5125 |
| Howard Hughes Corp. (The) 4.125% 2/1/2029 <sup>(f)</sup>  | 260 | 250 |
| Hudson Pacific Properties, LP 4.65% 4/1/2029  | 1850 | 1705 |
| Hudson Pacific Properties, LP 3.25% 1/15/2030  | 1055 | 902 |
| Iron Mountain, Inc. 5.00% 7/15/2028 <sup>(f)</sup>  | 2410 | 2398 |
| Kennedy-Wilson, Inc. 4.75% 3/1/2029  | 1150 | 1090 |
| Kennedy-Wilson, Inc. 4.75% 2/1/2030  | 310 | 286 |
| Kennedy-Wilson, Inc. 5.00% 3/1/2031  | 2315 | 2139 |
| Kilroy Realty, LP 5.875% 10/15/2035  | 1500 | 1515 |
| Kilroy Realty, LP 6.25% 1/15/2036  | 1048 | 1082 |
| Ladder Capital Finance Holdings LLLP 4.25% 2/1/2027 <sup>(f)</sup>  | 1000 | 991 |
| Ladder Capital Finance Holdings LLLP 5.50% 8/1/2030  | 1372 | 1398 |
| MPT Operating Partnership, LP 3.50% 3/15/2031  | 460 | 325 |
| MPT Operating Partnership, LP 8.50% 2/15/2032 <sup>(f)</sup>  | 28653 | 30047 |
| Prologis, LP 5.00% 3/15/2034  | 1430 | 1458 |
| Prologis, LP 5.25% 3/15/2054  | 270 | 263 |
| RLJ Lodging Trust, LP 3.75% 7/1/2026 <sup>(f)</sup>  | 1000 | 993 |
| Service Properties Trust 4.95% 2/15/2027  | 558 | 557 |
| Service Properties Trust 0% 9/30/2027 <sup>(f)</sup>  | 29378 | 25934 |
| Service Properties Trust 5.50% 12/15/2027  | 12000 | 11696 |
| Service Properties Trust 3.95% 1/15/2028  | 5110 | 4759 |
| Service Properties Trust 8.375% 6/15/2029  | 6000 | 5966 |
| Service Properties Trust 4.95% 10/1/2029  | 1042 | 902 |
| Service Properties Trust 4.375% 2/15/2030  | 60 | 51 |
| Service Properties Trust 8.625% 11/15/2031 <sup>(f)</sup>  | 25442 | 26859 |
| Simon Property Group, LP 5.125% 10/1/2035  | 5496 | 5571 |
| VICI Properties, LP 5.625% 4/1/2035  | 1079 | 1101 |
| WEA Finance, LLC 3.50% 6/15/2029 <sup>(f)</sup>  | 2083 | 2016 |
|  |  | 168527 |

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| | |
|:---|:---|
| **33** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer staples 0.13%** | **Consumer staples 0.13%** | **Consumer staples 0.13%** |
| Albertsons Companies, Inc. 5.50% 3/31/2031 <sup>(f)</sup>  | USD1,330 | $1342 |
| Albertsons Companies, Inc. 5.75% 3/31/2034 <sup>(f)</sup>  | 1650 | 1659 |
| Altria Group, Inc. 4.40% 2/14/2026  | 1173 | 1173 |
| Altria Group, Inc. 4.875% 2/4/2028  | 3002 | 3051 |
| Altria Group, Inc. 5.25% 8/6/2035  | 1847 | 1864 |
| B&G Foods, Inc. 8.00% 9/15/2028 <sup>(f)</sup>  | 6500 | 6119 |
| BAT Capital Corp. 4.70% 4/2/2027  | 7862 | 7907 |
| BAT Capital Corp. 3.557% 8/15/2027  | 7650 | 7577 |
| BAT Capital Corp. 5.834% 2/20/2031  | 2115 | 2241 |
| BAT Capital Corp. 5.35% 8/15/2032  | 6500 | 6730 |
| BAT Capital Corp. 4.625% 3/22/2033  | 1095 | 1082 |
| BAT Capital Corp. 6.421% 8/2/2033  | 1144 | 1259 |
| BAT Capital Corp. 6.00% 2/20/2034  | 2000 | 2137 |
| BAT Capital Corp. 5.625% 8/15/2035  | 8667 | 9007 |
| BAT Capital Corp. 5.65% 3/16/2052  | 713 | 683 |
| BAT Capital Corp. 7.081% 8/2/2053  | 2843 | 3253 |
| BAT Capital Corp. 6.25% 8/15/2055  | 1758 | 1835 |
| Campbell's Co. (The) 4.75% 3/23/2035  | 851 | 826 |
| Campbell's Co. (The) 5.25% 10/13/2054  | 264 | 248 |
| Coca-Cola Co. 5.20% 1/14/2055  | 1498 | 1472 |
| Constellation Brands, Inc. 4.40% 11/15/2025  | 1930 | 1930 |
| Constellation Brands, Inc. 4.35% 5/9/2027  | 1919 | 1925 |
| Coty, Inc. 5.60% 1/15/2031 <sup>(f)</sup>  | 13110 | 13165 |
| Imperial Brands Finance PLC 4.50% 6/30/2028 <sup>(f)</sup>  | 1214 | 1222 |
| Imperial Brands Finance PLC 5.875% 7/1/2034 <sup>(f)</sup>  | 2452 | 2557 |
| Imperial Brands Finance PLC 5.625% 7/1/2035 <sup>(f)</sup>  | 7048 | 7196 |
| Imperial Brands Finance PLC 6.375% 7/1/2055 <sup>(f)</sup>  | 1702 | 1770 |
| Keurig Dr Pepper, Inc. 5.15% 5/15/2035  | 866 | 867 |
| Kroger Co. 5.50% 9/15/2054  | 1043 | 1015 |
| Mars, Inc. 5.20% 3/1/2035 <sup>(f)</sup>  | 3500 | 3594 |
| Mars, Inc. 5.65% 5/1/2045 <sup>(f)</sup>  | 886 | 904 |
| Mars, Inc. 5.70% 5/1/2055 <sup>(f)</sup>  | 9375 | 9546 |
| Mars, Inc. 5.80% 5/1/2065 <sup>(f)</sup>  | 238 | 245 |
| Minerva Luxembourg SA 8.875% 9/13/2033 <sup>(f)</sup>  | 1725 | 1889 |
| Mondelez International, Inc. 5.125% 5/6/2035  | 2000 | 2043 |
| NBM US Holdings, Inc. 6.625% 8/6/2029 <sup>(n)</sup>  | 1683 | 1705 |
| Performance Food Group, Inc. 5.50% 10/15/2027 <sup>(f)</sup>  | 1000 | 1001 |
| Philip Morris International, Inc. 4.125% 4/28/2028  | 3500 | 3507 |
| Philip Morris International, Inc. 4.375% 4/30/2030  | 1971 | 1979 |
| Philip Morris International, Inc. 4.00% 10/29/2030  | 1659 | 1635 |
| Philip Morris International, Inc. 4.25% 10/29/2032  | 3500 | 3417 |
| Philip Morris International, Inc. 5.375% 2/15/2033  | 2000 | 2084 |
| Philip Morris International, Inc. 5.25% 2/13/2034  | 995 | 1026 |
| Philip Morris International, Inc. 4.90% 11/1/2034  | 2000 | 2013 |
| Philip Morris International, Inc. 4.625% 10/29/2035  | 14460 | 14107 |
| Post Holdings, Inc. 6.25% 2/15/2032 <sup>(f)</sup>  | 1441 | 1483 |
| Post Holdings, Inc. 6.375% 3/1/2033 <sup>(f)</sup>  | 5000 | 5077 |
|  |  | 150367 |
| **Materials 0.12%** | **Materials 0.12%** | **Materials 0.12%** |
| Ardagh Metal Packaging Finance PLC 6.00% 6/15/2027 <sup>(f)</sup>  | 530 | 532 |
| Ardagh Metal Packaging Finance PLC 3.25% 9/1/2028 <sup>(f)</sup>  | 1470 | 1404 |
| Ball Corp. 4.875% 3/15/2026  | 5500 | 5502 |
| Ball Corp. 5.50% 9/15/2033  | 3000 | 3039 |
| BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033  | 665 | 681 |
| BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033  | 1301 | 1356 |
| BHP Billiton Finance (USA), Ltd. 5.75% 9/5/2055  | 1156 | 1208 |
| Braskem Netherlands Finance BV 4.50% 1/10/2028  | 600 | 270 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031 <sup>(f)</sup>  | 740 | 311 |
| Braskem Netherlands Finance BV 8.50% 1/12/2031  | 400 | 168 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033  | 2750 | 1120 |
| Braskem Netherlands Finance BV 7.25% 2/13/2033 <sup>(f)</sup>  | 1270 | 517 |
| Braskem Netherlands Finance BV 8.00% 10/15/2034 <sup>(f)</sup>  | 575 | 237 |
| Celanese US Holdings, LLC 6.85% 11/15/2028  | 2314 | 2398 |
| Celanese US Holdings, LLC 6.50% 4/15/2030  | 2000 | 1985 |

---

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| | |
|:---|:---|
| Capital Income Builder | **34** |

---

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** | **Corporate bonds, notes & loans (continued)** |
| **Materials (continued)** | **Materials (continued)** | **Materials (continued)** |
| Celanese US Holdings, LLC 7.05% 11/15/2030  | USD3,000 | $3055 |
| Celanese US Holdings, LLC 6.879% 7/15/2032  | 5124 | 5153 |
| Celanese US Holdings, LLC 6.75% 4/15/2033  | 1000 | 986 |
| Celanese US Holdings, LLC 7.20% 11/15/2033  | 3649 | 3745 |
| Celulosa Arauco y Constitucion SA 6.18% 5/5/2032 <sup>(f)</sup>  | 880 | 915 |
| Cleveland-Cliffs, Inc. 6.875% 11/1/2029 <sup>(f)</sup>  | 7000 | 7194 |
| Cleveland-Cliffs, Inc. 7.50% 9/15/2031 <sup>(f)</sup>  | 875 | 917 |
| Cleveland-Cliffs, Inc. 7.00% 3/15/2032 <sup>(f)</sup>  | 2500 | 2559 |
| Cleveland-Cliffs, Inc. 7.375% 5/1/2033 <sup>(f)</sup>  | 2500 | 2589 |
| Cleveland-Cliffs, Inc. 7.625% 1/15/2034 <sup>(f)</sup>  | 365 | 380 |
| Consolidated Energy Finance SA 6.50% 5/15/2026 <sup>(f)</sup>  | 3000 | 2876 |
| Consolidated Energy Finance SA 12.00% 2/15/2031 <sup>(f)</sup>  | 3100 | 2207 |
| Consolidated Energy Finance SA, Term Loan, (3-month USD CME Term SOFR + 4.50%) 8.198% 11/15/2030 <sup>(i)(l)</sup>  | 997 | 841 |
| Dow Chemical Co. (The) 5.35% 3/15/2035  | 1737 | 1725 |
| Dow Chemical Co. (The) 5.65% 3/15/2036  | 3331 | 3336 |
| Dow Chemical Co. (The) 5.55% 11/30/2048  | 526 | 478 |
| Dow Chemical Co. (The) 6.90% 5/15/2053  | 231 | 246 |
| Dow Chemical Co. (The) 5.60% 2/15/2054  | 2096 | 1885 |
| Ecolab, Inc. 5.00% 9/1/2035  | 3000 | 3061 |
| First Quantum Minerals, Ltd. 9.375% 3/1/2029 <sup>(f)</sup>  | 5000 | 5297 |
| First Quantum Minerals, Ltd. 8.625% 6/1/2031 <sup>(f)</sup>  | 5000 | 5243 |
| First Quantum Minerals, Ltd. 7.25% 2/15/2034 <sup>(f)</sup>  | 3000 | 3118 |
| Graphic Packaging International, LLC 6.375% 7/15/2032 <sup>(f)</sup>  | 7000 | 7101 |
| International Flavors & Fragrances, Inc. 2.30% 11/1/2030 <sup>(f)</sup>  | 1277 | 1145 |
| JH North America Holdings, Inc. 5.875% 1/31/2031 <sup>(f)</sup>  | 175 | 179 |
| JH North America Holdings, Inc. 6.125% 7/31/2032 <sup>(f)</sup>  | 3165 | 3248 |
| LYB International Finance III, LLC 5.50% 3/1/2034  | 517 | 517 |
| LYB International Finance III, LLC 6.15% 5/15/2035  | 1201 | 1243 |
| Magnera Corp. 7.25% 11/15/2031 <sup>(f)</sup>  | 6000 | 5186 |
| Mercer International, Inc. 12.875% 10/1/2028 <sup>(f)</sup>  | 740 | 615 |
| Mercer International, Inc. 5.125% 2/1/2029  | 1015 | 657 |
| Methanex Corp. 5.125% 10/15/2027  | 3000 | 3009 |
| Minera Mexico SA de CV 5.625% 2/12/2032 <sup>(f)</sup>  | 1225 | 1275 |
| Mineral Resources, Ltd. 8.00% 11/1/2027 <sup>(f)</sup>  | 4075 | 4164 |
| Mineral Resources, Ltd. 9.25% 10/1/2028 <sup>(f)</sup>  | 1370 | 1438 |
| NOVA Chemicals Corp. 4.25% 5/15/2029 <sup>(f)</sup>  | 8500 | 8279 |
| Quikrete Holdings, Inc. 6.375% 3/1/2032 <sup>(f)</sup>  | 4000 | 4152 |
| Quikrete Holdings, Inc. 6.75% 3/1/2033 <sup>(f)</sup>  | 410 | 427 |
| Quikrete Holdings, Inc., Term Loan B3, (3-month USD CME Term SOFR + 2.25%) 6.215% 2/10/2032 <sup>(i)(l)</sup>  | 1294 | 1296 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(f)</sup>  | 2250 | 2287 |
| Sasol Financing USA, LLC 8.75% 5/3/2029 <sup>(n)</sup>  | 750 | 762 |
| Sherwin-Williams Co. 3.45% 6/1/2027  | 5851 | 5798 |
| Sherwin-Williams Co. 4.50% 8/15/2030  | 1600 | 1611 |
| Sherwin-Williams Co. 5.15% 8/15/2035  | 774 | 790 |
| Stillwater Mining Co. 4.00% 11/16/2026 <sup>(n)</sup>  | 900 | 891 |
| Tronox, Inc. 9.125% 9/30/2030 <sup>(f)</sup>  | 2000 | 1827 |
| Vale Overseas, Ltd. 6.40% 6/28/2054  | 1303 | 1359 |
| Warrior Met Coal, Inc. 7.875% 12/1/2028 <sup>(f)</sup>  | 2000 | 2038 |
|  |  | 139828 |
| **Total corporate bonds, notes & loans** |  | 3569915 |
| **Asset-backed obligations 0.64%** | **Asset-backed obligations 0.64%** | **Asset-backed obligations 0.64%** |
| **Other asset-backed securities 0.29%** | **Other asset-backed securities 0.29%** | **Other asset-backed securities 0.29%** |
| ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031 <sup>(f)(h)</sup>  | 581 | 586 |
| Affirm Master Trust, 2025-2A, Class A, 4.67% 7/15/2033 <sup>(f)(h)</sup>  | 1269 | 1274 |
| Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029 <sup>(f)(h)</sup>  | 38 | 38 |
| APL Finance, LLC, Series 2025-1A, Class A, 4.81% 3/20/2036 <sup>(f)(h)</sup>  | 3790 | 3742 |
| Apollo Aviation Securitization Equity Trust, Series 2025-2A, Class A, 5.522% 2/16/2050 <sup>(f)(h)</sup>  | 349 | 351 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 5.943% 2/16/2050 <sup>(f)(h)</sup>  | 754 | 769 |
| Apollo Aviation Securitization Equity Trust, Series 25-1A, Class A, 6.576% 2/16/2050 <sup>(f)(h)</sup>  | 359 | 365 |
| Auxilior Term Funding, LLC, Series 24-1, Class A2, 5.84% 3/15/2027 <sup>(f)(h)</sup>  | 68 | 68 |
| AXIS Equipment Finance Receivables, LLC, Series 2023-1, Class A2, 6.09% 12/20/2029 <sup>(f)(h)</sup>  | 492 | 497 |
| Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, 5.17% 9/17/2031 <sup>(f)(h)</sup>  | 1949 | 1948 |
| Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B, 3.446% <br> 7/15/2046 <sup>(f)(h)</sup>  | 312 | 298 |

---

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| | |
|:---|:---|
| **35** | Capital Income Builder |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** |
| Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029 <sup>(f)(h)</sup>  | USD434 | $435 |
| Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039 <sup>(f)(h)</sup>  | 1215 | 1225 |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032 <sup>(f)(h)</sup>  | 375 | 381 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037 <sup>(f)(h)</sup>  | 2379 | 2247 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041 <sup>(f)(h)</sup>  | 30 | 29 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050 <sup>(f)(h)</sup>  | 5058 | 5150 |
| Castlelake Aircraft Securitization Trust, Series 2025-3A, Class A, 5.087% 11/15/2050 <sup>(f)(h)</sup>  | 1293 | 1291 |
| CCG Receivables Trust, Series 2025-1, Class D, 5.28% 10/14/2032 <sup>(f)(h)</sup>  | 100 | 101 |
| CCG Receivables Trust, Series 2025-2, Class A2, 4.14% 8/15/2034 <sup>(f)(h)</sup>  | 2072 | 2080 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060 <sup>(f)(h)</sup>  | 35512 | 30575 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060 <sup>(f)(h)</sup>  | 5631 | 4758 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061 <sup>(f)(h)</sup>  | 26629 | 22269 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062 <sup>(f)(h)</sup>  | 44213 | 43418 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032 <sup>(f)(h)</sup>  | 783 | 786 |
| CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/2045 <sup>(f)(h)</sup>  | 171 | 163 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045 <sup>(f)(h)</sup>  | 362 | 341 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045 <sup>(f)(h)</sup>  | 492 | 463 |
| CLI Funding VI, LLC, Series 2020-1A, Class B, 3.62% 9/18/2045 <sup>(f)(h)</sup>  | 322 | 306 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031 <sup>(f)(h)</sup>  | 508 | 511 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030 <sup>(f)(h)</sup>  | 242 | 244 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2005-D, Class 2A, FSA insured, (1-month USD CME Term <br> SOFR + 0.304%) 4.337% 11/15/2035 <sup>(h)(i)</sup>  | 11 | 11 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-F, Class 2A1A, FSA insured, (1-month USD CME Term <br> SOFR + 0.254%) 4.287% 7/15/2036 <sup>(h)(i)</sup>  | 771 | 736 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD CME Term SOFR <br> + 0.254%) 4.287% 1/15/2037 <sup>(h)(i)</sup>  | 1010 | 976 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD CME Term SOFR <br> + 0.264%) 4.297% 2/15/2037 <sup>(h)(i)</sup>  | 2023 | 1925 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027 <sup>(f)(h)</sup>  | 1500 | 1506 |
| Dell Equipment Finance Trust, Series 2024-2, Class A3, 4.59% 8/22/2030 <sup>(f)(h)</sup>  | 244 | 246 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032 <sup>(f)(h)</sup>  | 267 | 269 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029 <sup>(f)(h)</sup>  | 3681 | 3758 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032 <sup>(f)(h)</sup>  | 211 | 210 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045 <sup>(f)(h)</sup>  | 31916 | 30290 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046 <sup>(f)(h)</sup>  | 3489 | 3263 |
| GGAM Master Trust International, Ltd., Series 2025-1A, Class A, 5.923% 9/30/2060 <sup>(f)(h)</sup>  | 4124 | 4127 |
| Global SC Finance SRL, Series 2025-1H, Class A, 6.169% 9/20/2045 <sup>(f)(h)</sup>  | 3735 | 3743 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 8/17/2039 <sup>(f)(h)</sup>  | 1263 | 1231 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040 <sup>(f)(h)</sup>  | 671 | 640 |
| Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/2040 <sup>(f)(h)</sup>  | 184 | 177 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, 5.28% 3/15/2027 <sup>(f)(h)</sup>  | 474 | 477 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2023-1, Class A3, 5.15% 7/15/2027 <sup>(f)(h)</sup>  | 472 | 475 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049 <sup>(f)(h)</sup>  | 3808 | 3857 |
| HPEFS Equipment Trust, Series 2024-2, Class A3, 5.36% 10/20/2031 <sup>(f)(h)</sup>  | 273 | 275 |
| HPEFS Equipment Trust, Series 2025-1A, Class A2, 4.49% 9/20/2032 <sup>(f)(h)</sup>  | 1500 | 1505 |
| HPEFS Equipment Trust, Series 2025-2A, Class A2, 4.07% 11/22/2032 <sup>(f)(h)</sup>  | 1875 | 1874 |
| Kubota Credit Owner Trust, Series 2024-2, Class A2, 5.45% 4/15/2027 <sup>(f)(h)</sup>  | 2973 | 2986 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, 6.56% 7/20/2029 <sup>(f)(h)</sup>  | 410 | 413 |
| MMAF Equipment Finance, LLC, Series 2025-B, Class A2, 4.02% 2/13/2029 <sup>(f)(h)</sup>  | 3500 | 3498 |
| MMP Capital, Series 2025-A, Class A, 5.36% 12/15/2031 <sup>(f)(h)</sup>  | 88 | 88 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046 <sup>(f)(h)</sup>  | 944 | 900 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class B, 3.571% 11/15/2046 <sup>(f)(h)</sup>  | 645 | 619 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/2061 <sup>(f)(h)</sup>  | 94741 | 80233 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031 <sup>(f)(h)</sup>  | 1069 | 1076 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032 <sup>(f)(h)</sup>  | 210 | 210 |
| NMEF Funding, LLC, Series 2025-B, Class A2, 4.64% 1/18/2033 <sup>(f)(h)</sup>  | 2032 | 2037 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031 <sup>(f)(h)</sup>  | 4284 | 4310 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031 <sup>(f)(h)</sup>  | 801 | 804 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class B, 5.42% 10/17/2031 <sup>(f)(h)</sup>  | 145 | 145 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class C, 7.03% 10/17/2031 <sup>(f)(h)</sup>  | 100 | 101 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032 <sup>(f)(h)</sup>  | 159 | 160 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031 <sup>(f)(h)</sup>  | 1408 | 1380 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027 <sup>(f)(h)</sup>  | 208 | 210 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028 <sup>(f)(h)</sup>  | 471 | 474 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A3, 4.65% 10/20/2031 <sup>(f)(h)</sup>  | 78 | 78 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028 <sup>(f)(h)</sup>  | 15258 | 15339 |

---

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| | |
|:---|:---|
| Capital Income Builder | **36** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** | **Other asset-backed securities (continued)** |
| PK ALIFT Loan Funding, Series 2025-2, Class A, 4.75% 3/15/2043 <sup>(f)(h)</sup>  | USD970 | $973 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, (1-month USD CME Term SOFR + 1.70%) <br>5.732% 9/15/2039 <sup>(f)(h)(i)</sup>  | 173 | 175 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039 <sup>(f)(h)</sup>  | 546 | 561 |
| PK ALIFT Loan Funding 4, LP, Series 2024-2, Class A, 5.052% 10/15/2039 <sup>(f)(h)</sup>  | 792 | 796 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031 <sup>(f)(h)</sup>  | 119 | 120 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031 <sup>(f)(h)</sup>  | 40 | 40 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029 <sup>(f)(h)</sup>  | 101 | 102 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A2, 4.82% 7/22/2030 <sup>(f)(h)</sup>  | 135 | 136 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046 <sup>(f)(h)</sup>  | 526 | 500 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class B, 3.821% 2/28/2033 <sup>(f)(h)</sup>  | 453 | 441 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054 <sup>(f)(h)</sup>  | 1261 | 1257 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054 <sup>(f)(h)</sup>  | 1489 | 1493 |
| Subway Funding, LLC, Series 2024-3, Class A23, 5.914% 7/30/2054 <sup>(f)(h)</sup>  | 1544 | 1539 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075 <sup>(f)(h)</sup>  | 768 | 748 |
| Synchrony Card Issuance Trust, Series 2025-A2, Class A, 4.49% 5/15/2031 <sup>(h)</sup>  | 20413 | 20687 |
| TAL Advantage V, LLC, Series 2020-1A, Class A, 2.05% 9/20/2045 <sup>(f)(h)</sup>  | 193 | 184 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045 <sup>(f)(h)</sup>  | 484 | 456 |
| Textainer Marine Containers, Ltd., Series 2020-3, Class A, 2.11% 9/20/2045 <sup>(f)(h)</sup>  | 314 | 299 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/2045 <sup>(f)(h)</sup>  | 600 | 568 |
| Textainer Marine Containers, Ltd., Series 2025-1H, Class A, 6.43% 7/23/2050 <sup>(f)(h)</sup>  | 657 | 659 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045 <sup>(f)(h)</sup>  | 1237 | 1162 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/2045 <sup>(f)(h)</sup>  | 454 | 437 |
| U.S. Bank National Association, Series 2025-SUP2, Class B1, 4.818% 9/25/2032 <sup>(f)(h)</sup>  | 2007 | 2015 |
| Verdant Receivables, LLC, Series 2025-1A, Class A2, 4.85% 3/13/2028 <sup>(f)(h)</sup>  | 1416 | 1422 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031 <sup>(f)(h)</sup>  | 122 | 124 |
| VFI ABS, LLC, Series 2025-1A, Class A, 4.78% 6/24/2030 <sup>(f)(h)</sup>  | 220 | 221 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027 <sup>(f)(h)</sup>  | 673 | 674 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027 <sup>(f)(h)</sup>  | 237 | 237 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.128% 10/20/2026 <sup>(f)(h)</sup>  | 2706 | 2707 |
| Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032 <sup>(f)(h)</sup>  | 460 | 462 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class A2, 4.33% 9/20/2033 <sup>(f)(h)</sup>  | 270 | 270 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class B, 4.57% 9/20/2033 <sup>(f)(h)</sup>  | 1052 | 1052 |
| Wingspire Equipment Finance, LLC, Series 2025-1A, Class C, 4.76% 9/20/2033 <sup>(f)(h)</sup>  | 160 | 160 |
|  |  | 346018 |
| **Auto loan 0.26%** | **Auto loan 0.26%** | **Auto loan 0.26%** |
| American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/2027 <sup>(f)(h)</sup>  | 237 | 237 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class B, 4.80% 11/13/2028 <sup>(f)(h)</sup>  | 1731 | 1732 |
| American Credit Acceptance Receivables Trust, Series 2025-4, Class A, 4.42% 5/14/2029 <sup>(f)(h)</sup>  | 2354 | 2354 |
| American Credit Acceptance Receivables Trust, Series 2024-4, Class C, 4.91% 8/12/2031 <sup>(f)(h)</sup>  | 1869 | 1875 |
| AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A3, 5.43% 1/18/2029 <sup>(h)</sup>  | 372 | 375 |
| AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2, 4.72% 4/10/2028 <sup>(f)(h)</sup>  | 608 | 610 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/2027 <sup>(f)(h)</sup>  | 6060 | 6036 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/2027 <sup>(f)(h)</sup>  | 922 | 919 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-4A, Class D, 7.31% 6/20/2029 <sup>(f)(h)</sup>  | 145 | 149 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2025-1A, Class A, 4.80% 8/20/2029 <sup>(f)(h)</sup>  | 6271 | 6369 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/2029 <sup>(f)(h)</sup>  | 29522 | 30760 |
| Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-8A, Class D, 7.52% 2/20/2030 <sup>(f)(h)</sup>  | 385 | 396 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A2, 4.71% 9/15/2027 <sup>(h)</sup>  | 173 | 173 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class A2, 4.73% 2/15/2028 <sup>(h)</sup>  | 1198 | 1200 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A3, 4.67% 8/15/2028 <sup>(h)</sup>  | 400 | 400 |
| Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class B, 4.92% 3/15/2029 <sup>(h)</sup>  | 355 | 356 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027 <sup>(h)</sup>  | 852 | 854 |
| CPS Auto Receivables Trust, Series 2024-C, Class B, 5.68% 12/15/2028 <sup>(f)(h)</sup>  | 202 | 203 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030 <sup>(f)(h)</sup>  | 100 | 101 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027 <sup>(h)</sup>  | 118 | 118 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028 <sup>(h)</sup>  | 150 | 150 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class B, 4.91% 8/15/2029 <sup>(h)</sup>  | 338 | 340 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class A3, 4.39% 9/17/2029 <sup>(h)</sup>  | 956 | 959 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class B, 5.29% 8/15/2030 <sup>(h)</sup>  | 323 | 324 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030 <sup>(h)</sup>  | 745 | 755 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class E, 7.65% 2/17/2032 <sup>(f)(h)</sup>  | 1480 | 1530 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036 <sup>(f)(h)</sup>  | 15564 | 16067 |
| Ford Credit Floorplan Master Owner Trust, Series 2025-2, Class A1, 4.06% 9/15/2030 <sup>(h)</sup>  | 2697 | 2705 |

---

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| | |
|:---|:---|
| **37** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Auto loan (continued)** | **Auto loan (continued)** | **Auto loan (continued)** |
| Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/2028 <sup>(f)(h)</sup>  | USD16,177 | $16238 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029 <sup>(f)(h)</sup>  | 20420 | 20520 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027 <sup>(f)(h)</sup>  | 596 | 597 |
| GLS Auto Receivables Trust, Series 2024-2, Class A3, 5.64% 1/18/2028 <sup>(f)(h)</sup>  | 102 | 102 |
| GLS Auto Receivables Trust, Series 2025-3A, Class A2, 4.52% 7/17/2028 <sup>(f)(h)</sup>  | 1225 | 1227 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A3, 4.75% 7/17/2028 <sup>(f)(h)</sup>  | 111 | 111 |
| GLS Auto Receivables Trust, Series 2025-3A, Class B, 4.57% 1/15/2030 <sup>(f)(h)</sup>  | 653 | 655 |
| GLS Auto Receivables Trust, Series 2024-1, Class E, 7.94% 10/15/2030 <sup>(f)(h)</sup>  | 915 | 949 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029 <sup>(f)(h)</sup>  | 2278 | 2282 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030 <sup>(f)(h)</sup>  | 135 | 136 |
| GLS Auto Select Receivables Trust, Series 2025-4A, Class A2, 4.17% 2/18/2031 <sup>(f)(h)</sup>  | 1272 | 1272 |
| GM Financial Automobile Leasing Trust, Series 2024-2, Class A3, 5.39% 7/20/2027 <sup>(h)</sup>  | 261 | 262 |
| GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/2035 <sup>(f)(h)</sup>  | 25200 | 25839 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035 <sup>(f)(h)</sup>  | 16218 | 16796 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027 <sup>(f)(h)</sup>  | 341 | 343 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/2028 <sup>(f)(h)</sup>  | 2012 | 1945 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027 <sup>(f)(h)</sup>  | 14850 | 14490 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027 <sup>(f)(h)</sup>  | 5267 | 5139 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027 <sup>(f)(h)</sup>  | 826 | 805 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028 <sup>(f)(h)</sup>  | 281 | 286 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029 <sup>(f)(h)</sup>  | 262 | 270 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class B, 5.45% 9/25/2029 <sup>(f)(h)</sup>  | 742 | 750 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class C, 6.03% 9/25/2029 <sup>(f)(h)</sup>  | 824 | 836 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class D, 7.98% 9/25/2029 <sup>(f)(h)</sup>  | 353 | 355 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D, 9.41% 1/27/2031 <sup>(f)(h)</sup>  | 250 | 261 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class C, 6.40% 9/25/2031 <sup>(f)(h)</sup>  | 958 | 977 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class D, 8.34% 9/25/2031 <sup>(f)(h)</sup>  | 328 | 331 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class A, 5.41% 12/25/2031 <sup>(f)(h)</sup>  | 24998 | 25669 |
| Hertz Vehicle Financing, LLC, Series 2025-4A, Class C, 6.48% 12/25/2031 <sup>(f)(h)</sup>  | 453 | 463 |
| LAD Auto Receivables Trust, Series 2024-2, Class A3, 5.61% 8/15/2028 <sup>(f)(h)</sup>  | 106 | 107 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029 <sup>(f)(h)</sup>  | 119 | 119 |
| Lendbuzz Securitization Trust, Series 2025-1A, Class A2, 5.10% 10/15/2030 <sup>(f)(h)</sup>  | 127 | 127 |
| Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3, 5.32% 1/18/2028 <sup>(h)</sup>  | 477 | 482 |
| PenFed Auto Receivables Owner Trust, Series 2025-A, Class A2, 4.12% 9/15/2028 <sup>(f)(h)</sup>  | 793 | 793 |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027 <sup>(f)(h)</sup>  | 698 | 699 |
| Research-Driven Pagaya Motor Asset Trust I, Series 2025-4A, Class A2, 5.124% 4/25/2034 <sup>(f)(h)</sup>  | 580 | 583 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028 <sup>(h)</sup>  | 40 | 40 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028 <sup>(h)</sup>  | 968 | 970 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028 <sup>(h)</sup>  | 190 | 191 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A3, 4.62% 11/15/2028 <sup>(h)</sup>  | 232 | 232 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A3, 5.63% 1/16/2029 <sup>(h)</sup>  | 582 | 584 |
| Santander Drive Auto Receivables Trust, Series 2022-3, Class C, 4.49% 8/15/2029 <sup>(h)</sup>  | 816 | 816 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031 <sup>(h)</sup>  | 249 | 253 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031 <sup>(f)(h)</sup>  | 28 | 28 |
| Securitized Term Auto Receivables Trust, Series 2025-B, Class B, 4.925% 12/29/2032 <sup>(f)(h)</sup>  | 148 | 149 |
| SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A2, 4.52% 11/20/2028 <sup>(f)(h)</sup>  | 301 | 302 |
| Space Coast Credit Union, Series 2025-1A, Class A2, 4.67% 11/15/2028 <sup>(f)(h)</sup>  | 2186 | 2191 |
| Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/2034 <sup>(f)(h)</sup>  | 19538 | 19347 |
| Toyota Auto Loan Extended Note Trust, Series 2023-1, Class A, 4.93% 6/25/2036 <sup>(f)(h)</sup>  | 24543 | 25098 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029 <sup>(f)(h)(o)</sup>  | 1675 | 1184 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027 <sup>(f)(h)</sup>  | 204 | 204 |
| Western Funding Auto Loan Trust, Series 2025-1, Class A, 4.75% 7/16/2035 <sup>(f)(h)</sup>  | 222 | 223 |
| Western Funding Auto Loan Trust, Series 2025-1, Class B, 4.98% 9/17/2035 <sup>(f)(h)</sup>  | 112 | 113 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A2A, 4.82% 9/15/2027 <sup>(f)(h)</sup>  | 8968 | 8981 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, 4.66% 1/18/2028 <sup>(f)(h)</sup>  | 252 | 252 |
| Westlake Automobile Receivables Trust, Series 2025-P1, Class A2, 4.65% 2/15/2028 <sup>(f)(h)</sup>  | 947 | 949 |
| Westlake Automobile Receivables Trust, Series 2025-3A, Class A2, 4.31% 4/17/2028 <sup>(f)(h)</sup>  | 3000 | 3001 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, 4.71% 4/17/2028 <sup>(f)(h)</sup>  | 4547 | 4562 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class A2A, 4.66% 9/15/2028 <sup>(f)(h)</sup>  | 10519 | 10538 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class B, 4.98% 9/16/2030 <sup>(f)(h)</sup>  | 129 | 130 |
| Westlake Automobile Receivables Trust, Series 2025-2A, Class B, 4.63% 1/15/2031 <sup>(f)(h)</sup>  | 204 | 205 |
| Wheels Fleet Lease Funding, LLC, Series 24-2A, Class A1, 4.87% 6/21/2039 <sup>(f)(h)</sup>  | 332 | 335 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039 <sup>(f)(h)</sup>  | 963 | 972 |
| World OMNI Select Auto Trust, Series 2025-A, Class A2A, 4.14% 5/15/2030 <sup>(h)</sup>  | 1157 | 1156 |
|  |  | 303869 |

---

---

| | |
|:---|:---|
| Capital Income Builder | **38** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Student loan 0.04%** | **Student loan 0.04%** | **Student loan 0.04%** |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062 <sup>(f)(h)</sup>  | USD8,936 | $8401 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062 <sup>(f)(h)</sup>  | 20854 | 19682 |
| Nelnet Student Loan Trust, Series 2021-CA, Class C, 3.36% 4/20/2062 <sup>(f)(h)</sup>  | 1328 | 1159 |
| Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/2062 <sup>(f)(h)</sup>  | 1889 | 1686 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, (1-month USD CME Term SOFR + 0.854%) 4.886% <br> 4/20/2062 <sup>(f)(h)(i)</sup>  | 10754 | 10733 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053 <sup>(f)(h)</sup>  | 3015 | 2754 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054 <sup>(f)(h)</sup>  | 2006 | 2046 |
|  |  | 46461 |
| **Credit card 0.03%** | **Credit card 0.03%** | **Credit card 0.03%** |
| Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029 <sup>(f)(h)</sup>  | 2500 | 2504 |
| Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31% 3/15/2028 <sup>(h)</sup>  | 28213 | 28232 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class C, 5.53% 5/15/2029 <sup>(f)(h)</sup>  | 153 | 155 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class B, 5.24% 9/15/2029 <sup>(f)(h)</sup>  | 112 | 112 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class C, 5.48% 9/15/2029 <sup>(f)(h)</sup>  | 100 | 100 |
| Imprint Payments Credit Card Master Trust, Series 2025-A, Class D, 5.82% 9/15/2029 <sup>(f)(h)</sup>  | 104 | 104 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029 <sup>(f)(h)</sup>  | 156 | 157 |
| Mission Lane Credit Card Master Trust, Series 2025-C, Class A, 4.78% 12/16/2030 <sup>(f)(h)</sup>  | 529 | 529 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class A, 5.06% 9/15/2031 <sup>(f)(h)</sup>  | 2202 | 2215 |
| World Financial Network Credit Card Master Trust, Series 2024-A, Class A, 5.47% 2/15/2031 <sup>(h)</sup>  | 539 | 550 |
| World Financial Network Credit Card Master Trust, Series 2024-B, Class A, 4.62% 5/15/2031 <sup>(h)</sup>  | 658 | 664 |
|  |  | 35322 |
| **Collateralized loan obligations 0.01%** | **Collateralized loan obligations 0.01%** | **Collateralized loan obligations 0.01%** |
| Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) 5.014% 4/20/2032 <sup>(f)(h)(i)</sup>  | 276 | 276 |
| Battalion CLO, Ltd., Series 2018-12A, Class ARR, (3-month USD CME Term SOFR + 0.93%) <br>5.115% 5/17/2031 <sup>(f)(h)(i)</sup>  | 513 | 513 |
| Bluemountain CLO, Ltd., Series 2021-31A, Class A1R, (3-month USD CME Term SOFR + 1.10%) 5.246% <br> 4/19/2034 <sup>(f)(h)(i)</sup>  | 3284 | 3282 |
| Bluemountain CLO, Ltd., Series 2018-22, Class A1, (3-month USD CME Term SOFR + 1.342%) <br>5.246% 7/15/2031 <sup>(f)(h)(i)</sup>  | 339 | 339 |
| Flatiron CLO, Ltd., Series 2024-1A, Class A1R, (3-month USD CME Term SOFR + 1.08%) 4.985% 7/15/2036 <sup>(f)(h)(i)</sup>  | 2077 | 2080 |
| Marathon CLO, Ltd., Series 2019-2A, Class A1R2, (3-month USD CME Term SOFR + 0.95%) 4.834% <br>1/20/2033 <sup>(f)(h)(i)</sup>  | 428 | 426 |
| Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, (3-month USD CME Term SOFR + 1.04%) <br>4.90% 7/23/2032 <sup>(f)(h)(i)</sup>  | 1993 | 1989 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A1N, (3-month USD CME Term SOFR + 1.00%) 4.905% <br> 1/15/2033 <sup>(f)(h)(i)</sup>  | 557 | 558 |
| Sound Point CLO, Ltd., Series 2014-1R, Class A, (3-month USD CME Term SOFR + 1.412%) <br>5.296% 7/18/2031 <sup>(f)(h)(i)</sup>  | 346 | 347 |
| Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, (3-month USD CME Term SOFR + 1.04%) <br>4.945% 4/15/2032 <sup>(f)(h)(i)</sup>  | 372 | 372 |
| Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, (3-month USD CME Term SOFR + 1.00%) 4.905% <br>7/15/2032 <sup>(f)(h)(i)</sup>  | 316 | 316 |
| Sycamore Tree CLO, Ltd., Series 2024-5, Class A1, (3-month USD CME Term SOFR + 1.42%) <br>5.304% 4/20/2036 <sup>(f)(h)(i)</sup>  | 3000 | 3000 |
| Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, (3-month USD CME Term SOFR + 1.05%) 4.955% <br> 4/15/2034 <sup>(f)(h)(i)</sup>  | 517 | 517 |
| Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, (3-month USD CME Term SOFR + 1.20%) 5.084% 1/20/2032 <sup>(f)(h)(i)</sup>  | 48 | 48 |
| Trinitas CLO, Ltd., Series 2020-12A, Class A1R2, (3-month USD CME Term SOFR + 1.05%) 4.908% 4/25/2033 <sup>(f)(h)(i)</sup>  | 1285 | 1287 |
| Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, (3-month USD CME Term SOFR + 1.13%) 5.276% <br> 4/20/2032 <sup>(f)(h)(i)</sup>  | 644 | 644 |
|  |  | 15994 |
| **Student loans 0.01%** | **Student loans 0.01%** | **Student loans 0.01%** |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069 <sup>(f)(h)</sup>  | 367 | 336 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069 <sup>(f)(h)</sup>  | 9308 | 8518 |
|  |  | 8854 |

---

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| | |
|:---|:---|
| **39** | Capital Income Builder |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| **Franchise/equipment 0.00%** | **Franchise/equipment 0.00%** | **Franchise/equipment 0.00%** |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A3, 5.00% 9/15/2028 <sup>(f)(h)</sup>  | USD801 | $812 |
|  |  | 812 |
| **Home equity 0.00%** | **Home equity 0.00%** | **Home equity 0.00%** |
| Option One Mortgage Loan Trust, Series 2007-FXD2, Class IIA6, 5.68% 3/25/2037 <sup>(h)</sup>  | 437 | 390 |
|  |  | 390 |
| **Total asset-backed obligations** |  | 757720 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.11%** | **Bonds & notes of governments & government agencies outside the U.S. 0.11%** | **Bonds & notes of governments & government agencies outside the U.S. 0.11%** |
| **Mexico 0.04%** | **Mexico 0.04%** | **Mexico 0.04%** |
| Eagle Funding LuxCo SARL 5.50% 8/17/2030 <sup>(f)</sup>  | 2785 | 2833 |
| United Mexican States 3.50% 9/19/2029  | EUR4,500 | 5230 |
| United Mexican States 6.00% 5/7/2036  | USD1,820 | 1867 |
| United Mexican States 6.875% 5/13/2037  | 1815 | 1971 |
| United Mexican States 6.625% 1/29/2038  | 675 | 714 |
| United Mexican States 5.00% 4/27/2051  | 2370 | 1985 |
| United Mexican States 6.338% 5/4/2053  | 3595 | 3579 |
| United Mexican States 6.40% 5/7/2054  | 595 | 597 |
| United Mexican States 7.375% 5/13/2055  | 18830 | 21181 |
| United Mexican States 3.75% 4/19/2071  | 2550 | 1588 |
|  |  | 41545 |
| **Brazil 0.03%** | **Brazil 0.03%** | **Brazil 0.03%** |
| Brazil (Federative Republic of) 10.00% 1/1/2029  | BRL200,028 | 34321 |
| **Saudi Arabia 0.01%** | **Saudi Arabia 0.01%** | **Saudi Arabia 0.01%** |
| Saudi Arabia (Kingdom of) 3.628% 4/20/2027 <sup>(f)</sup>  | USD5,000 | 4968 |
| Saudi Arabia (Kingdom of) 3.625% 3/4/2028 <sup>(f)</sup>  | 11435 | 11332 |
|  |  | 16300 |
| **Peru 0.01%** | **Peru 0.01%** | **Peru 0.01%** |
| Peru (Republic of) 2.783% 1/23/2031  | 12640 | 11715 |
| Peru (Republic of) 5.50% 3/30/2036  | 1450 | 1487 |
| Peru (Republic of) 5.875% 8/8/2054  | 640 | 650 |
|  |  | 13852 |
| **Qatar 0.01%** | **Qatar 0.01%** | **Qatar 0.01%** |
| Qatar (State of) 4.50% 4/23/2028 <sup>(f)</sup>  | 7070 | 7191 |
| Qatar (State of) 5.103% 4/23/2048 <sup>(f)</sup>  | 4800 | 4818 |
|  |  | 12009 |
| **Colombia 0.01%** | **Colombia 0.01%** | **Colombia 0.01%** |
| Colombia (Republic of) 8.00% 4/20/2033  | 2500 | 2754 |
| Colombia (Republic of) 7.50% 2/2/2034  | 1290 | 1371 |
| Colombia (Republic of) 8.50% 4/25/2035  | 1505 | 1700 |
| Colombia (Republic of) 8.00% 11/14/2035  | 1485 | 1622 |
| Colombia (Republic of) 7.75% 11/7/2036  | 725 | 774 |
|  |  | 8221 |
| **Panama 0.00%** | **Panama 0.00%** | **Panama 0.00%** |
| Panama (Republic of) 6.875% 1/31/2036  | 2225 | 2411 |
| Panama (Republic of) 8.00% 3/1/2038  | 440 | 513 |
|  |  | 2924 |
| **Romania 0.00%** | **Romania 0.00%** | **Romania 0.00%** |
| Romania 3.50% 4/3/2034  | EUR1,770 | 1786 |

---

---

| | |
|:---|:---|
| Capital Income Builder | **40** |

---

------

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** | **Bonds & notes of governments & government agencies outside the U.S. (continued)** |
| **Greece 0.00%** | **Greece 0.00%** | **Greece 0.00%** |
| Greece (Hellenic Republic of) 3.625% 6/15/2035  | EUR1,500 | $1780 |
| **Total bonds & notes of governments & government agencies outside the U.S.** |  | 132738 |
| **Municipals 0.03%** | **Municipals 0.03%** | **Municipals 0.03%** |
| **California 0.00%** | **California 0.00%** | **California 0.00%** |
| Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, <br> 2.746% 6/1/2034  | USD1,580 | 1444 |
| **Illinois 0.02%** | **Illinois 0.02%** | **Illinois 0.02%** |
| GO Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033  | 19619 | 20052 |
| **Massachusetts 0.01%** | **Massachusetts 0.01%** | **Massachusetts 0.01%** |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049  | 7100 | 7427 |
| **Ohio 0.00%** | **Ohio 0.00%** | **Ohio 0.00%** |
| Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series <br> 2021, 4.425% 5/1/2031  | 4690 | 4250 |
| **Texas 0.00%** | **Texas 0.00%** | **Texas 0.00%** |
| Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% <br>10/1/2052  | 8155 | 5842 |
| **Total municipals** |  | 39015 |
| **Federal agency bonds & notes 0.03%** | **Federal agency bonds & notes 0.03%** | **Federal agency bonds & notes 0.03%** |
| Federal National Mortgage Association 2.125% 4/24/2026  | 37230 | 36925 |
| **Total federal agency bonds & notes** |  | 36925 |
| **Total bonds, notes & other debt instruments** (cost: $17,621,311,000) | **Total bonds, notes & other debt instruments** (cost: $17,621,311,000) | 17399999 |
| Investment funds 2.29% | Shares |  |
| Capital Group Central Corporate Bond Fund <sup>(d)</sup>  | 319221738 | 2726154 |
| **Total Investment funds** (cost: $3,150,233,000) | **Total Investment funds** (cost: $3,150,233,000) | 2726154 |
| Short-term securities 6.73% |  |  |
| **Money market investments 6.68%** | **Money market investments 6.68%** | **Money market investments 6.68%** |
| Capital Group Central Cash Fund 4.08% <sup>(d)(p)</sup>  | 79566415 | 7958233 |
| **Money market investments purchased with collateral from securities on loan 0.05%** | **Money market investments purchased with collateral from securities on loan 0.05%** | **Money market investments purchased with collateral from securities on loan 0.05%** |
| Capital Group Central Cash Fund 4.08% <sup>(d)(p)(q)</sup>  | 279790 | 27985 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.06% <sup>(p)(q)</sup>  | 4932221 | 4932 |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 3.98% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 3.95% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| Fidelity Investments Money Market Government Portfolio, Class I 4.01% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| Goldman Sachs Financial Square Government Fund, Institutional Shares 4.01% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 4.00% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 4.07% <sup>(p)(q)</sup>  | 4500000 | 4500 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 4.01% <sup>(p)(q)</sup>  | 4500000 | 4500 |
|  |  | 64417 |

---

---

| | |
|:---|:---|
| **41** | Capital Income Builder |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Short-term securities (continued) | Coupon rate | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** | **Asset-backed obligations 0.00%** |
| PEAC Solutions Receivables, LLC 2/20/2026 <sup>(f)(h)</sup>  | 0.000<br> %<br>| USD202 | $202 |
| **Total short-term securities** (cost: $8,020,639,000) | **Total short-term securities** (cost: $8,020,639,000) | **Total short-term securities** (cost: $8,020,639,000) | 8022852 |
| **Total investment securities 100.39%** (cost: $87,866,912,000) | **Total investment securities 100.39%** (cost: $87,866,912,000) | **Total investment securities 100.39%** (cost: $87,866,912,000) | 119594631 |
| Other assets less liabilities (0.39)% |  |  | (459291)<br>|
| **Net assets 100.00%** |  |  | $119135340 |

---

**Futures contracts**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Contracts | Type | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Number of <br>contracts<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value and <br>unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 3 Month SOFR Futures | Long | 200 | 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD48,112 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(26)<br>|
| 2 Year U.S. Treasury Note Futures | Long | 29617 | 1/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6167509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7358)<br>|
| 5 Year Euro-Bobl Futures | Short | 51 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6952)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 23611 | 1/6/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2578580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1196 |
| 10 Year Italy Government Bond Futures | Long | 109 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202 |
| 10 Year Euro-Bund Futures | Short | 106 | 12/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15809)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (113)<br>|
| 10 Year Japanese Government Bond Futures | Short | 15 | 12/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13241)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 1253 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (144702)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1126)<br>|
| 10 Year U.S. Treasury Note Futures | Short | 2383 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (268497)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619 |
| 20 Year U.S. Treasury Note Futures | Long | 834 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2285 |
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 3353 | 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 406656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14836 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10566 |

---

**Forward currency contracts**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Contract amount | Contract amount | Contract amount | Contract amount | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Currency purchased <br>(000) | Currency purchased <br>(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency sold <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) | Counterparty | &nbsp;&nbsp; Settlement <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 27944 | BRL | 150378 | Morgan Stanley | 11/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $57 |
| USD | 7545 | EUR | 6479 | Barclays Bank PLC | 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70 |
| USD | 3637 | EUR | 3124 | Goldman Sachs | 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| USD | 11735 | EUR | 10077 | Bank of America | 11/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108 |
| USD | 2584 | EUR | 2220 | Citibank | 11/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| USD | 7171 | BRL | 38905 | Citibank | 11/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<br>|
| USD | 2951 | EUR | 2485 | BNP Paribas | 12/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78 |
| USD | 2427 | EUR | 2035 | Goldman Sachs | 12/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $428 |

---

---

| | |
|:---|:---|
| Capital Income Builder | **42** |

---

------

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>10/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 10/31/2025 <br>(000) |
| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp; Payment <br>frequency<br>| Expiration <br>date | &nbsp;&nbsp; Notional <br>amount <br>(000) | Value at <br>10/31/2025 <br>(000) | Upfront <br>premium <br>paid <br>(received) <br>(000) | Unrealized <br>appreciation <br>(depreciation) <br>at 10/31/2025 <br>(000) |
| SOFR | Annual | 3.41% | Annual | &nbsp;&nbsp; 12/20/2029 | USD634,000 | &nbsp;&nbsp; $(846)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(846)<br>|
| SOFR | Annual | 3.045% | Annual | &nbsp;&nbsp; 7/27/2050 | 65600 | &nbsp;&nbsp; 9809 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9809 |
| 2.25855% | Annual | TONAR | Annual | &nbsp;&nbsp; 5/23/2055 | JPY268,393 | &nbsp;&nbsp; (76)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (76)<br>|
| 2.3548% | Annual | TONAR | Annual | &nbsp;&nbsp; 8/12/2055 | 422310 | &nbsp;&nbsp; (65)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (65)<br>|
|  |  |  |  |  |  | &nbsp;&nbsp; $8822 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8822 |

---

**Credit default swaps** 

**Centrally cleared credit default swaps on credit indices — buy protection** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Reference <br>index<br>| &nbsp;&nbsp;&nbsp;&nbsp; Financing <br>rate paid<br>| &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date<br>| &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 10/31/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.45 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | USD45,000 | &nbsp;&nbsp;&nbsp;&nbsp; $(3273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(3465)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $192 |
| CDX.NA.IG.45 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | 35619 | &nbsp;&nbsp;&nbsp;&nbsp; (786)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (797)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11 |
| CDX.EM.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2030 | 28000 | &nbsp;&nbsp;&nbsp;&nbsp; 453 | &nbsp;&nbsp;&nbsp;&nbsp; 601 | &nbsp;&nbsp;&nbsp;&nbsp; (148)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(3606)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(3661)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $55 |

---

**Investments in affiliates** <sup>(d)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>11/1/2024 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>10/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.35%** |  |  |  |  |  |  |  |
| **Industrials 0.10%** |  |  |  |  |  |  |  |
| Trinity Industries, Inc.  | $154045 | &nbsp;&nbsp; $18652 | &nbsp;&nbsp; $20593 | &nbsp;&nbsp; $7389 | &nbsp;&nbsp; $(36899)<br>| &nbsp;&nbsp; $122594 | &nbsp;&nbsp; $4849 |
| **Energy 0.25%** |  |  |  |  |  |  |  |
| South Bow Corp.  | 209079 | &nbsp;&nbsp; 103330 | &nbsp;&nbsp; 30402 | &nbsp;&nbsp; (830)<br>| &nbsp;&nbsp; 9641 | &nbsp;&nbsp; 290818 | &nbsp;&nbsp; 21259 |
| **Real estate 0.00%** |  |  |  |  |  |  |  |
| VICI Properties, Inc. REIT <sup>(r)</sup>  | 1699137 | &nbsp;&nbsp; 95208 | &nbsp;&nbsp; 1162658 | &nbsp;&nbsp; 154474 | &nbsp;&nbsp; (161075)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 70298 |
| Mindspace Business Parks REIT <sup>(r)</sup>  | 86095 | &nbsp;&nbsp; 43889 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26516 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6095 |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 413412 |  |
| **Investment funds 2.29%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund  | 2560520 | &nbsp;&nbsp; 124160 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 41474 | &nbsp;&nbsp; 2726154 | &nbsp;&nbsp; 124160 |
| **Short-term securities 6.70%** |  |  |  |  |  |  |  |
| **Money market investments 6.68%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.08% <sup>(p)</sup>  | 3987598 | &nbsp;&nbsp; 15898072 | &nbsp;&nbsp; 11929841 | &nbsp;&nbsp; (161)<br>| &nbsp;&nbsp; 2565 | &nbsp;&nbsp; 7958233 | &nbsp;&nbsp; 278940 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.02%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.08% <sup>(p)(q)</sup>  | 783 | &nbsp;&nbsp; 27202 <br><sup>(s)</sup><br>|  |  |  | &nbsp;&nbsp; 27985 | &nbsp;&nbsp; — <br><sup>(t)</sup><br>|
| **Total short-term securities** |  |  |  |  |  | &nbsp;&nbsp; 7986218 |  |
| **Total 9.34%** |  |  |  | &nbsp;&nbsp; $160872 | &nbsp;&nbsp; $(117778)<br>| &nbsp;&nbsp; $11125784 | &nbsp;&nbsp; $505601 |

---

---

| | |
|:---|:---|
| **43** | Capital Income Builder |

---

------

**Restricted securities** <sup>(n)</sup>

------

---

| | | | |
|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>|
| Modec Finance BV 7.84% 7/15/2026 <sup>(b)</sup> <br>| 7/28/2023 | $2000 | $2025<br> 0.00 %<sup>(u)</sup><br>|
| NBM US Holdings, Inc. 6.625% 8/6/2029  | 4/1/2020-4/3/2020 | 1591 | 1705<br> 0.00 <br><sup>(u)</sup><br>|
| Stillwater Mining Co. 4.00% 11/16/2026  | 2/9/2024-6/24/2024 | 866 | 891<br> 0.00 <br><sup>(u)</sup><br>|
| Sasol Financing USA, LLC 8.75% 5/3/2029  | 4/9/2024-4/15/2024 | 762 | 762<br> 0.00 <br><sup>(u)</sup><br>|
| **Total** |  | $5219 | $5383<br> 0.00 %<sup>(u)</sup><br>|

---

<sup>(a)</sup> All or a portion of this security was on loan. Refer to Note 5 for more information on securities lending. 

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Amount less than one thousand.

<sup>(d)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(e)</sup> Security did not produce income during the last 12 months.

<sup>(f)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $2,435,643,000, which represented 2.04% of the net assets of the fund. 

<sup>(g)</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $106,945,000, which represented 0.09% of the net assets of the fund. 

<sup>(h)</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>(i)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(j)</sup> Represents securities transacted on a TBA basis.

<sup>(k)</sup> Step bond; coupon rate may change at a later date.

<sup>(l)</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $154,636,000, which represented 0.13% of the net assets of the fund. 

<sup>(m)</sup> Payment in kind; the issuer has the option of paying additional securities in lieu of cash. Payment methods and rates are as of the most recent payment when available. 

<sup>(n)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(o)</sup> Scheduled interest and/or principal payment was not received.

<sup>(p)</sup> Rate represents the seven-day yield at 10/31/2025.

<sup>(q)</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>(r)</sup> Affiliated issuer during the reporting period but no longer an affiliate at 10/31/2025. Refer to the investment portfolio for the security value at 10/31/2025.

<sup>(s)</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>(t)</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>(u)</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| Assn. = Association |
| Auth. = Authority |
| BRL = Brazilian reais |
| CAD = Canadian dollars |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| Fncg. = Financing |
| FSA = Financial Security Assurance insured |
| GBP = British pounds |
| GO = General Obligation |

---

---

| |
|:---|
| ICE = Intercontinental Exchange, Inc. |
| JPY = Japanese yen |
| MXN = Mexican pesos |
| NDR = Norwegian Depositary Receipts |
| PIK = Payment In Kind |
| Ref. = Refunding |
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| TONAR = Tokyo Overnight Average Rate |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| Capital Income Builder | **44** |

---

------

Financial statements

**Statement of assets and liabilities** at October 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value (includes $204,018 of <br>investment securities on loan):<br>|  |  |
| Unaffiliated issuers (cost: $76,397,030) | $108468847 |  |
| Affiliated issuers (cost: $11,469,882) | 11125784 | $119594631 |
| Cash |  | 11021 |
| Cash denominated in currencies other than U.S. dollars (cost: $12,648) |  | 12648 |
| Unrealized appreciation on open forward currency contracts |  | 443 |
| Receivables for: |  |  |
| Sales of investments | 423786 |  |
| Sales of fund's shares | 65717 |  |
| Dividends and interest | 460119 |  |
| Securities lending income | 173 |  |
| Variation margin on futures contracts | 213 |  |
| Variation margin on centrally cleared swap contracts | 660 |  |
| Other | 5728 | 956396<br>|
|  |  | 120575139 |
| **Liabilities:** |  |  |
| Collateral for securities on loan |  | 64417 |
| Unrealized depreciation on open forward currency contracts |  | 15 |
| Payables for: |  |  |
| Purchases of investments | 1225079 |  |
| Repurchases of fund's shares | 55644 |  |
| Investment advisory services | 20443 |  |
| Services provided by related parties | 19881 |  |
| Trustees' deferred compensation | 4188 |  |
| Variation margin on futures contracts | 1952 |  |
| Variation margin on centrally cleared swap contracts | 112 |  |
| Other | 48068 | 1375367<br>|
| **Net assets at October 31, 2025** |  | $119135340 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of beneficial interest |  | $81427026 |
| Total distributable earnings (accumulated loss) |  | 37708314<br>|
| **Net assets at October 31, 2025** |  | $119135340 |

---

Refer to the notes to financial statements.

---

| | |
|:---|:---|
| **45** | Capital Income Builder |

---

------

Financial statements (continued)

**Statement of assets and liabilities** at October 31, 2025 (continued)

------

(dollars and shares in thousands, except per-share amounts)

**Shares of beneficial interest issued and outstanding (no stated par value) —**

**unlimited shares authorized (1,506,675 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $66993031 | 847095 | $79.09 |
| Class C | 844127 | 10638 | 79.35 |
| Class T | 13 | —<br> \*<br>| 79.05 |
| Class F-1 | 2153974 | 27235 | 79.09 |
| Class F-2 | 16179261 | 204788 | 79.01 |
| Class F-3 | 7147170 | 90404 | 79.06 |
| Class 529-A | 2375335 | 30047 | 79.05 |
| Class 529-C | 51100 | 644 | 79.34 |
| Class 529-E | 59598 | 753 | 79.10 |
| Class 529-T | 19 | —<br> \*<br>| 79.07 |
| Class 529-F-1 | 16 | —<br> \*<br>| 79.02 |
| Class 529-F-2 | 240761 | 3044 | 79.10 |
| Class 529-F-3 | 17 | —<br> \*<br>| 79.06 |
| Class R-1 | 59653 | 753 | 79.19 |
| Class R-2 | 347874 | 4397 | 79.12 |
| Class R-2E | 39420 | 501 | 78.67 |
| Class R-3 | 651956 | 8242 | 79.10 |
| Class R-4 | 449467 | 5685 | 79.06 |
| Class R-5E | 112528 | 1426 | 78.94 |
| Class R-5 | 309447 | 3911 | 79.11 |
| Class R-6 | 21120573 | 267112 | 79.07 |

---

\*

Amount less than one thousand.

Refer to the notes to financial statements.

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| | |
|:---|:---|
| Capital Income Builder | **46** |

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Financial statements (continued)

**Statement of operations** for the year ended October 31, 2025

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Dividends (net of non-U.S. taxes of $110,302; <br>also includes $505,601 from affiliates)<br>| $3308224 |  |
| Interest from unaffiliated issuers | 759050 |  |
| Securities lending income (net of fees) | 5689 | $4072963 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 248813 |  |
| Distribution services | 187811 |  |
| Transfer agent services | 67288 |  |
| Administrative services | 33621 |  |
| 529 plan services | 1409 |  |
| Reports to shareholders | 2125 |  |
| Registration statement and prospectus | 1394 |  |
| Trustees' compensation | 1173 |  |
| Auditing and legal | 359 |  |
| Custodian | 5043 |  |
| Other | 199 | 549235<br>|
| Net investment income |  | 3523728<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments (net of non-U.S. taxes of $10,255): |  |  |
| Unaffiliated issuers | 5652478 |  |
| Affiliated issuers | 160872 |  |
| Futures contracts | (96546)<br>|  |
| Forward currency contracts | (2966)<br>|  |
| Swap contracts | 2414 |  |
| Currency transactions | (2910)<br>| 5713342 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments (net of non-U.S. taxes of $39,371): |  |  |
| Unaffiliated issuers | 7058623 |  |
| Affiliated issuers | (117778)<br>|  |
| Futures contracts | 162220 |  |
| Forward currency contracts | (99)<br>|  |
| Swap contracts | (9670)<br>|  |
| Currency translations | 4698 | 7097994<br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 12811336<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $16335064 |

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\*

Additional information related to class-specific fees and expenses is included in the notes to financial statements.

Refer to the notes to financial statements.

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|:---|:---|
| **47** | Capital Income Builder |

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Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Year ended October 31,** | **Year ended October 31,** |
|  | **2025** | **2024** |
| **Operations:** |  |  |
| Net investment income | $3523728 | $3574956 |
| Net realized gain (loss) | 5713342 | 2831683 |
| Net unrealized appreciation (depreciation) | 7097994 | 15863342 |
| Net increase (decrease) in net assets resulting from operations | 16335064 | 22269981 |
| **Distributions paid to shareholders** | (6091310)<br>| (3674418)<br>|
| **Net capital share transactions** | 715111 | (4838212)<br>|
| **Total increase (decrease) in net assets**  | 10958865 | 13757351 |
| **Net assets:** |  |  |
| Beginning of year | 108176475 | 94419124 |
| End of year | $119135340 | $108176475 |

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Refer to the notes to financial statements.

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|:---|:---|
| Capital Income Builder | **48** |

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Notes to financial statements

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization**

------

Capital Income Builder (the "fund") is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, diversified management investment company. The fund seeks to provide a level of current income that exceeds the average yield on U.S. stocks generally and a growing stream of income over the years. Growth of capital is a secondary objective.

The fund has 21 share classes consisting of six retail share classes (Classes A, C, T, F-1, F-2 and F-3), seven 529 college savings plan share classes (Classes 529-A, 529-C, 529-E, 529-T, 529-F-1, 529-F-2 and 529-F-3) and eight retirement plan share classes (Classes R-1, R-2, R-2E, R-3, R-4, R-5E, R-5 and R-6). The 529 college savings plan share classes can be used to save for college education. The retirement plan share classes are generally offered only through eligible employer-sponsored retirement plans. The fund's share classes are described further in the following table:

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| | | | |
|:---|:---|:---|:---|
| **Share class** | **Initial sales charge** | &nbsp;&nbsp; **Contingent deferred sales** <br>**charge upon redemption**<br>| **Conversion feature** |
| Classes A and 529-A | &nbsp;&nbsp; Up to 5.75% for <br> Class A; up to 3.50% for <br> Class 529-A<br>| &nbsp;&nbsp; None (except 1.00% for certain <br> redemptions within 18 months of purchase <br> without an initial sales charge)<br>|  |
| Classes C and 529-C |  | &nbsp;&nbsp; 1.00% for redemptions within one year of <br> purchase<br>| &nbsp;&nbsp; Class C converts to Class A <br> after eight years and Class 529-C <br> converts to Class 529-A after five years<br>|
| Class 529-E |  |  |  |
| Classes T and 529-T\* | Up to 2.50% |  |  |
| Classes F-1, F-2, F-3, 529-F-1, <br> 529-F-2 and 529-F-3<br>|  |  |  |
| Classes R-1, R-2, R-2E, R-3, R-4, <br> R-5E, R-5 and R-6<br>|  |  |  |

---

\*

Class T and 529-T shares are not available for purchase.

Holders of all share classes have equal pro rata rights to the assets, dividends and liquidation proceeds of the fund. Each share class has identical voting rights, except for the exclusive right to vote on matters affecting only its class. Share classes have different fees and expenses ("class-specific fees and expenses"), primarily due to different arrangements for distribution, transfer agent and administrative services. Differences in class-specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per-share dividends by each share class.

**2. Significant accounting policies**

------

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board ("FASB"). The fund's financial statements have been prepared to comply with U.S. generally accepted accounting principles ("U.S. GAAP"). These principles require the fund's investment adviser to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates. Subsequent events, if any, have been evaluated through the date of issuance in the preparation of the financial statements. The fund follows the significant accounting policies described in this section, as well as the valuation policies described in the next section on valuation.

**Operating segments** — The fund represents a single operating segment as the operating results of the fund are monitored as a whole and its long-term asset allocation is determined in accordance with the terms of its prospectus, based on defined investment objectives that are executed by the fund's portfolio management team. A senior executive team comprised of the fund's Principal Executive Officer and Principal Financial Officer, serves as the fund's chief operating decision maker ("CODM"), who act in accordance with Board of Trustees reviews and approvals. The CODM uses financial information, such as changes in net assets from operations, changes in net assets from fund share transactions, and income and expense ratios, consistent with that presented within the accompanying financial statements and financial highlights to assess the fund's profits and losses and to make resource allocation decisions. Segment assets are reflected in the statement of assets and liabilities as net assets, which consists primarily of investment securities, at value, and significant segment expenses are listed in the accompanying statement of operations.

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| **49** | Capital Income Builder |

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**Security transactions and related investment income** — Security transactions are recorded by the fund as of the date the trades are executed with brokers. Realized gains and losses from security transactions are determined based on the specific identified cost of the securities. In the event a security is purchased with a delayed payment date, the fund will segregate liquid assets sufficient to meet its payment obligations. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Market discounts, premiums and original issue discounts on fixed-income securities are amortized daily over the expected life of the security.

**Class allocations** — Income, fees and expenses (other than class-specific fees and expenses), realized gains and losses and unrealized appreciation and depreciation are allocated daily among the various share classes based on their relative net assets. Class-specific fees and expenses, such as distribution, transfer agent and administrative services, are charged directly to the respective share class.

**Distributions paid to shareholders** — Income dividends and capital gain distributions are recorded on the ex-dividend date.

**Currency translation** — Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date. Purchases and sales of investment securities and income and expenses are translated into U.S. dollars at the exchange rates on the dates of such transactions. The effects of changes in exchange rates on investment securities are included with the net realized gain or loss and net unrealized appreciation or depreciation on investments in the fund's statement of operations. The realized gain or loss and unrealized appreciation or depreciation resulting from all other transactions denominated in currencies other than U.S. dollars are disclosed separately.

**New accounting pronouncements** — In December 2023, the FASB issued Accounting Standards Update 2023-09 ("the ASU"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances income tax disclosures, including disclosure of income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Management is currently evaluating the ASU and its impact to the financial statements.

**3. Valuation**

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by U.S. GAAP. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

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| | |
|:---|:---|
| Capital Income Builder | **50** |

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------

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| All | &nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing models <br> such as yield measures calculated using factors such as cash flows, financial <br> or collateral performance and other reference data (collectively referred to <br> as "standard inputs")<br>|
| Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| Mortgage-backed; asset-backed obligations | &nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| Municipal securities | &nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on inputs that <br> include, but are not limited to, financial statements and debt contracts <br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Corporate Bond Fund ("CCBF"), a fund within the Capital Group Central Fund Series II, and Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series (collectively the "Central Funds"), are each valued based upon a floating net asset value, which fluctuates with changes in the value of each fund's portfolio securities. The underlying securities are valued based on the policies and procedures in the Central Funds' statements of additional information. Exchange-traded futures are generally valued at the official settlement price on the exchange or market on which such instruments are traded, as of the close of business on the day the futures are being valued. Forward currency contracts are valued based on the spot and forward exchange rates obtained from a third-party pricing vendor. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, and terms of the contract.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment

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|:---|:---|
| **51** | Capital Income Builder |

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adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of October 31, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $8760795 | $9105074 | —<br> \*<br>| $17865869 |
| Information technology | 9893161 | 4160366 |  | 14053527 |
| Industrials | 5081896 | 5250391 |  | 10332287 |
| Health care | 7174103 | 3021556 | —<br> \*<br>| 10195659 |
| Consumer staples | 5226490 | 4127076 |  | 9353566 |
| Utilities | 3517518 | 2934838 |  | 6452356 |
| Consumer discretionary | 2909483 | 3015021 |  | 5924504 |
| Energy | 4209648 | 1046837 |  | 5256485 |
| Communication services | 1602129 | 2505197 |  | 4107326 |
| Materials | 2222454 | 1817685 |  | 4040139 |
| Real estate | 2842903 | 590176 |  | 3433079 |
| Preferred securities  |  | 10335 |  | 10335 |
| Convertible stocks  | 419129 |  |  | 419129 |
| Convertible bonds & notes  |  | 1365 |  | 1365 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| U.S. Treasury bonds & notes |  | 6911316 |  | 6911316 |
| Mortgage-backed obligations |  | 5947098 | 5272 | 5952370 |
| Corporate bonds, notes & loans |  | 3560643 | 9272 | 3569915 |
| Asset-backed obligations |  | 757720 |  | 757720 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 132738 |  | 132738 |
| Municipals |  | 39015 |  | 39015 |
| Federal agency bonds & notes |  | 36925 |  | 36925 |
| Investment funds  | 2726154 |  |  | 2726154 |
| Short-term securities  | 8022650 | 202 |  | 8022852 |
| Total | $64608513 | $54971574 | $14544 | $119594631 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  | **Other investments**<sup>†</sup>  |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Unrealized appreciation on futures contracts | $19208 | $— | $— | $19208 |
| Unrealized appreciation on open forward currency contracts |  | 443 |  | 443 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 9809 |  | 9809 |
| Unrealized appreciation on centrally cleared credit default swaps |  | 203 |  | 203 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (8642)<br>|  |  | (8642)<br>|
| Unrealized depreciation on open forward currency contracts |  | (15)<br>|  | (15)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (987)<br>|  | (987)<br>|
| Unrealized depreciation on centrally cleared credit default swaps |  | (148)<br>|  | (148)<br>|
| Total  | $10566 | $9305 | $— | $19871 |

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\*

Amount less than one thousand.

<sup>†</sup>

Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund's investment portfolio.

**4. Risk factors**

------

Investing in the fund may involve certain risks including, but not limited to, those described below.

**Market conditions** — The prices of, and the income generated by, the common stocks, bonds and other securities held by the fund may decline — sometimes rapidly or unpredictably — due to various factors, including events or conditions affecting the general economy or particular industries or companies; overall market changes; local, regional or global political, social or economic instability; governmental, governmental agency or central bank responses to economic conditions; levels of public debt and deficits; changes in inflation rates;

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|:---|:---|
| Capital Income Builder | **52** |

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and currency exchange rate, interest rate and commodity price fluctuations. These risks may be heightened in the case of smaller capitalization stocks.

Economies and financial markets throughout the world are highly interconnected. Economic, financial or political events, trading and tariff arrangements, wars, terrorism, cybersecurity events, natural disasters, public health emergencies (such as the spread of infectious disease), bank failures and other circumstances in one country or region, including actions taken by governmental or quasi-governmental authorities in response to any of the foregoing, could have impacts on global economies or markets. As a result, whether or not the fund invests in securities of issuers located in or with significant exposure to the countries affected, the value and liquidity of the fund's investments may be negatively affected by developments in other countries and regions.

**Issuer risks** — The prices of, and the income generated by, securities held by the fund may decline in response to various factors directly related to the issuers of such securities, including reduced demand for an issuer's goods or services, poor management performance, major litigation, investigations or other controversies related to the issuer, changes in the issuer's financial condition or credit rating, changes in government regulations affecting the issuer or its competitive environment and strategic initiatives such as mergers, acquisitions or dispositions and the market response to any such initiatives. An individual security may also be affected by factors relating to the industry or sector of the issuer or the securities markets as a whole, and conversely an industry or sector or the securities markets may be affected by a change in financial condition or other event affecting a single issuer.

**Investing in income-oriented stocks** — The value of the fund's securities and income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available for dividend payments at, the companies in which the fund invests.

**Investing in debt instruments** — The prices of, and the income generated by, bonds and other debt securities held by the fund may be affected by factors such as the interest rates, maturities and credit quality of these securities.

Rising interest rates will generally cause the prices of bonds and other debt securities to fall. Also, when interest rates rise, issuers of debt securities that may be prepaid at any time, such as mortgage- or other asset-backed securities, are less likely to refinance existing debt securities, causing the average life of such securities to extend. A general change in interest rates may cause investors to sell debt securities on a large scale, which could also adversely affect the price and liquidity of debt securities and could also result in increased redemptions from the fund. Falling interest rates may cause an issuer to redeem, call or refinance a debt security before its stated maturity, which may result in the fund having to reinvest the proceeds in lower yielding securities. Longer maturity debt securities generally have greater sensitivity to changes in interest rates and may be subject to greater price fluctuations than shorter maturity debt securities.

Bonds and other debt securities are also subject to credit risk, which is the possibility that the credit strength of an issuer or guarantor will weaken or be perceived to be weaker, and/or an issuer of a debt security will fail to make timely payments of principal or interest and the security will go into default. Changes in actual or perceived creditworthiness may occur quickly. A downgrade or default affecting any of the fund's securities could cause the value of the fund's shares to decrease. Lower quality debt securities generally have higher rates of interest and may be subject to greater price fluctuations than higher quality debt securities. Credit risk is gauged, in part, by the credit ratings of the debt securities in which the fund invests. However, ratings are only the opinions of the rating agencies issuing them and are not guarantees as to credit quality or an evaluation of market risk. The fund's investment adviser relies on its own credit analysts to research issuers and issues in assessing credit and default risks.

**Investing outside the U.S.** — Securities of issuers domiciled outside the U.S. or with significant operations or revenues outside the U.S., and securities tied economically to countries outside the U.S., may lose value because of adverse political, social, economic or market developments (including social instability, regional conflicts, terrorism and war) in the countries or regions in which the issuers are domiciled, operate or generate revenue or to which the securities are tied economically. These securities may also lose value due to changes in foreign currency exchange rates against the U.S. dollar and/or currencies of other countries. Issuers of these securities may be more susceptible to actions of foreign governments, such as nationalization, currency blockage or the imposition of price controls, sanctions, or punitive taxes, each of which could adversely impact the value of these securities. Securities markets in certain countries may be more volatile and/or less liquid than those in the U.S. Investments outside the U.S. may also be subject to different regulatory, legal, accounting, auditing, financial reporting and recordkeeping requirements, and may be more difficult to value, than those in the U.S. In addition, the value of investments outside the U.S. may be reduced by foreign taxes, including foreign withholding taxes on interest and dividends. Further, there may be increased risks of delayed settlement of securities purchased or sold by the fund, which could impact the liquidity of the fund's portfolio. The risks of investing outside the U.S. may be heightened in connection with investments in emerging markets.

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| **53** | Capital Income Builder |

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**Management** — The investment adviser to the fund actively manages the fund's investments. Consequently, the fund is subject to the risk that the methods and analyses, including models, tools and data, employed by the investment adviser in this process may be flawed or incorrect and may not produce the desired results. This could cause the fund to lose value or its investment results to lag relevant benchmarks or other funds with similar objectives.

**5. Certain investment techniques**

------

**Securities lending** — The fund has entered into securities lending transactions in which the fund earns income by lending investment securities to brokers, dealers or other institutions. Each transaction involves three parties: the fund, acting as the lender of the securities, a borrower, and a lending agent that acts as an intermediary.

Securities lending transactions are entered into by the fund under a securities lending agent agreement with the lending agent. The lending agent facilitates the exchange of securities between the fund and approved borrowers, ensures that securities loans are properly coordinated and documented, marks-to-market the value of collateral daily, secures additional collateral from a borrower if it falls below preset terms, and may reinvest cash collateral on behalf of the fund according to agreed parameters. The lending agent provides indemnification to the fund against losses resulting from a borrower default. Although risk is mitigated by the collateral and indemnification, the fund could experience a delay in recovering its securities and a potential loss of income or value if a borrower fails to return securities, collateral investments decline in value or the lending agent fails to perform.

The borrower is required to post highly liquid assets, such as cash or U.S. government securities, as collateral for the loan in an amount at least equal to the value of the securities loaned. Investments made with cash collateral are recognized as assets in the fund's investment portfolio. The same amount is recorded as a liability in the fund's statement of assets and liabilities. While securities are on loan, the fund will continue to receive the equivalent of the interest, dividends or other distributions paid by the issuer, as well as a portion of the interest on the investment of the collateral. Additionally, although the fund does not have the right to vote on securities while they are on loan, the fund has a right to consent on corporate actions and a right to recall loaned securities to vote. A borrower is obligated to return loaned securities at the conclusion of a loan or, during the pendency of a loan, on demand from the fund.

As of October 31, 2025, the total value of securities on loan was $204,018,000, and the total value of collateral received was $210,343,000. Collateral received includes cash of $64,417,000 and U.S. government securities of $145,926,000. Investment securities purchased from cash collateral are disclosed in the fund's investment portfolio as short-term securities. Securities received as collateral are not recognized as fund assets. The contractual maturity of cash collateral received under the securities lending agreement is classified as overnight and continuous.

**Mortgage dollar rolls** — The fund has entered into mortgage dollar roll transactions of TBA securities in which the fund sells a TBA mortgage-backed security to a counterparty and simultaneously enters into an agreement with the same counterparty to buy back a similar TBA security on a specific future date at a predetermined price. Mortgage dollar rolls are accounted for as purchase and sale transactions and may result in an increase to the fund's portfolio turnover rate. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund's financial highlights table.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Loan transactions** — The fund has entered into loan transactions in which the fund acquires a loan either through an agent, by assignment from another holder, or as a participation interest in another holder's portion of a loan. The loan is often administered by a financial institution that acts as agent for the holders of the loan, and the fund may be required to receive approval from the agent and/or borrower prior to the sale of the investment. The loan's interest rate and maturity date may change based on the terms of the loan, including potential early payments of principal.

**Futures contracts** — The fund has entered into futures contracts, which provide for the future sale by one party and purchase by another party of a specified amount of a specific financial instrument for a specified price, date, time and place designated at the time the contract is made. Futures contracts are used to strategically manage the fund's interest rate sensitivity by increasing or decreasing the duration of the fund or a portion of the fund's portfolio.

Upon entering into futures contracts, and to maintain the fund's open positions in futures contracts, the fund is required to deposit with a futures broker, known as a futures commission merchant ("FCM"), in a segregated account in the name of the FCM an amount of cash, U.S. government securities or other liquid securities, known as initial margin. The margin required for a particular futures contract is set by the exchange on which the contract is traded to serve as collateral, and may be significantly modified from time to time by the exchange during the term of the contract.

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| | |
|:---|:---|
| Capital Income Builder | **54** |

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On a daily basis, the fund pays or receives variation margin based on the increase or decrease in the value of the futures contracts and records variation margin on futures contracts in the statement of assets and liabilities. Futures contracts may involve a risk of loss in excess of the variation margin shown on the fund's statement of assets and liabilities. The fund records realized gains or losses at the time the futures contract is closed or expires. Net realized gains or losses and net unrealized appreciation or depreciation from futures contracts are recorded in the fund's statement of operations. The average month-end notional amount of futures contracts while held was $12,260,184,000.

**Forward currency contracts —** The fund has entered into forward currency contracts, which represent agreements to exchange currencies on specific future dates at predetermined rates. The fund's investment adviser uses forward currency contracts to manage the fund's exposure to changes in exchange rates. Upon entering into these contracts, risks may arise from the potential inability of counterparties to meet the terms of their contracts and from possible movements in exchange rates.

On a daily basis, the fund's investment adviser values forward currency contracts and records unrealized appreciation or depreciation for open forward currency contracts in the fund's statement of assets and liabilities. Realized gains or losses are recorded at the time the forward currency contract is closed or offset by another contract with the same broker for the same settlement date and currency.

Closed forward currency contracts that have not reached their settlement date are included in the respective receivables or payables for closed forward currency contracts in the fund's statement of assets and liabilities. Net realized gains or losses from closed forward currency contracts and net unrealized appreciation or depreciation from open forward currency contracts are recorded in the fund's statement of operations. The average month-end notional amount of open forward currency contracts while held was $55,462,000.

**Swap contracts** — The fund has entered into swap agreements, which are two-party contracts entered into primarily by institutional investors for a specified time period. In a typical swap transaction, two parties agree to exchange the returns earned or realized from one or more underlying assets or rates of return. Swap agreements can be traded on a swap execution facility (SEF) and cleared through a central clearinghouse (cleared), traded over-the-counter (OTC) and cleared, or traded bilaterally and not cleared. Because clearing interposes a central clearinghouse as the ultimate counterparty to each participant's swap, and margin is required to be exchanged under the rules of the clearinghouse, central clearing is intended to decrease (but not eliminate) counterparty risk relative to uncleared bilateral swaps. To the extent the fund enters into bilaterally negotiated swap transactions, the fund will enter into swap agreements only with counterparties that meet certain credit standards and subject to agreed collateralized procedures. The term of a swap can be days, months or years and certain swaps may be less liquid than others.

Upon entering into a centrally cleared swap contract, the fund is required to deposit cash, U.S. government securities or other liquid securities, which is known as initial margin. Generally, the initial margin required for a particular swap is set and held as collateral by the clearinghouse on which the contract is cleared. The amount of initial margin required may be significantly modified from time to time by the clearinghouse during the term of the contract.

On a daily basis, interest accruals related to the exchange of future payments are recorded as a receivable and payable in the fund's statement of assets and liabilities for centrally cleared swaps and as unrealized appreciation or depreciation in the fund's statement of assets and liabilities for bilateral swaps. For centrally cleared swaps, the fund also pays or receives a variation margin based on the increase or decrease in the value of the swaps, including accrued interest as applicable, and records variation margin in the statement of assets and liabilities. The fund records realized gains and losses on both the net accrued interest and any gain or loss recognized at the time the swap is closed or expires. Net realized gains or losses, as well as any net unrealized appreciation or depreciation, from swaps are recorded in the fund's statement of operations.

Swap agreements can take different forms. The fund has entered into the following types of swap agreements:

**Interest rate swaps** — The fund has entered into interest rate swaps, which seek to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund's portfolio. An interest rate swap is an agreement between two parties to exchange or swap payments based on changes in an interest rate or rates. Typically, one interest rate is fixed and the other is variable based on a designated short-term interest rate such as the Secured Overnight Financing Rate (SOFR), prime rate or other benchmark, or on an inflation index such as the U.S. Consumer Price Index (which is a measure that examines the weighted average of prices of a basket of consumer goods and services and measures changes in the purchasing power of the U.S. dollar and the rate of inflation). In other types of interest rate swaps, known as basis swaps, the parties agree to swap variable interest rates based on different designated short-term interest rates. Interest rate swaps generally do not involve the delivery of securities or other principal amounts. Rather, cash payments are exchanged by the parties based on the application of the designated interest rates to a notional amount, which is the predetermined dollar principal of the trade upon which payment obligations are computed. Accordingly, the fund's current obligation or right under the swap agreement is generally equal to the net amount to be paid or

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| | |
|:---|:---|
| **55** | Capital Income Builder |

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received under the swap agreement based on the relative value of the position held by each party. The average month-end notional amount of interest rate swaps while held was $707,713,000.

**Credit default swap indices** — The fund has entered into centrally cleared credit default swap indices, including CDX and iTraxx indices (collectively referred to as "CDSI"), in order to assume exposure to a diversified portfolio of credits or to hedge against existing credit risks. A CDSI is based on a portfolio of credit default swaps with similar characteristics, such as credit default swaps on high-yield bonds. In a typical CDSI transaction, one party (the protection buyer) is obligated to pay the other party (the protection seller) a stream of periodic payments over the term of the contract. If a credit event, such as a default or restructuring, occurs with respect to any of the underlying reference obligations, the protection seller must pay the protection buyer the loss on those credits.

The fund may enter into a CDSI transaction as either protection buyer or protection seller. If the fund is a protection buyer, it would pay the counterparty a periodic stream of payments over the term of the contract and would not recover any of those payments if no credit events were to occur with respect to any of the underlying reference obligations. However, if a credit event did occur, the fund, as a protection buyer, would have the right to deliver the referenced debt obligations or a specified amount of cash, depending on the terms of the applicable agreement, and to receive the par value of such debt obligations from the counterparty protection seller. As a protection seller, the fund would receive fixed payments throughout the term of the contract if no credit events were to occur with respect to any of the underlying reference obligations. If a credit event were to occur, however, the value of any deliverable obligation received by the fund, coupled with the periodic payments previously received by the fund, may be less than the full notional value that the fund, as a protection seller, pays to the counterparty protection buyer, effectively resulting in a loss of value to the fund. Furthermore, as a protection seller, the fund would effectively add leverage to its portfolio because it would have investment exposure to the notional amount of the swap transaction. The average month-end notional amount of credit default swaps while held was $143,606,000.

The following tables identify the location and fair value amounts on the fund's statement of assets and liabilities and the effect on the fund's statement of operations resulting from the fund's use of futures contracts, forward currency contracts, interest rate swaps and credit default swaps as of, or for the year ended, October 31, 2025 (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Assets** | **Assets** | **Liabilities** | **Liabilities** |
| <br>**Contracts** | <br>**Risk type** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** | &nbsp;&nbsp; **Location on statement of** <br>**assets and liabilities**<br>| **Value** |
| Futures | Interest | Unrealized appreciation\* | $19208 | Unrealized depreciation\* | $8642 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open forward <br> currency contracts<br>| 443 | &nbsp;&nbsp; Unrealized depreciation on open forward <br> currency contracts<br>| 15 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation\* | 9809 | Unrealized depreciation\* | 987 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation\* | 203 | Unrealized depreciation\* | 148 |
|  |  |  | $29663 |  | $9792 |

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Refer to the end of the table(s) for footnote(s).

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Net realized gain (loss)** | **Net realized gain (loss)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** |
| <br>**Contracts** | <br>**Risk type** | **Location on statement of operations** | **Value** | **Location on statement of operations** | **Value** |
| Futures | Interest | Net realized gain (loss) on futures contracts | $(96546)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| $162220 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (2966)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on forward currency contracts<br>| (99)<br>|
| Swap | Interest | Net realized gain (loss) on swap contracts | 7267 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (9596)<br>|
| Swap | Credit | Net realized gain (loss) on swap contracts | (4853)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (74)<br>|
|  |  |  | $(97098)<br>|  | $152451 |

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\*

Includes cumulative appreciation/depreciation on futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps as reported in the applicable tables following the fund's investment portfolio. Only current day's variation margin is reported within the fund's statement of assets and liabilities.

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| | |
|:---|:---|
| Capital Income Builder | **56** |

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**Collateral** — The fund receives or pledges highly liquid assets, such as cash or U.S. government securities, as collateral due to securities lending and its use of futures contracts, forward currency contracts, interest rate swaps, credit default swaps and future delivery contracts. For securities lending, the fund receives collateral in exchange for lending investment securities. The lending agent may reinvest cash collateral from securities lending transactions according to agreed parameters. Cash collateral reinvested by the lending agent, if any, is disclosed in the fund's investment portfolio. For futures contracts, centrally cleared interest rate swaps and centrally cleared credit default swaps, the fund pledges collateral for initial and variation margin by contract. For forward currency contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by counterparty. For future delivery contracts, the fund either receives or pledges collateral based on the net gain or loss on unsettled contracts by certain counterparties. The purpose of the collateral is to cover potential losses that could occur in the event that either party cannot meet its contractual obligation. Non-cash collateral pledged by the fund, if any, is disclosed in the fund's investment portfolio, and cash collateral pledged by the fund, if any, is held in a segregated account with the fund's custodian, which is reflected as pledged cash collateral in the fund's statement of assets and liabilities.

**Rights of offset** — The fund has entered into enforceable master netting agreements with certain counterparties for forward currency contracts, where on any date amounts payable by each party to the other (in the same currency with respect to the same transaction) may be closed or offset by each party's payment obligation. If an early termination date occurs under these agreements following an event of default or termination event, all obligations of each party to its counterparty are settled net through a single payment in a single currency ("close-out netting"). For financial reporting purposes, the fund does not offset financial assets and financial liabilities that are subject to these master netting arrangements in the statement of assets and liabilities.

The following table presents the fund's forward currency contracts by counterparty that are subject to master netting agreements but that are not offset in the fund's statement of assets and liabilities. The net amount column shows the impact of offsetting on the fund's statement of assets and liabilities as of October 31, 2025, if close-out netting was exercised (dollars in thousands):

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | **Gross amounts not offset in the** <br>**statement of assets and liabilities and** <br>**subject to a master netting agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| **Counterparty** | **Gross amounts** <br>**recognized in the** <br>**statement of assets** <br>**and liabilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Available** <br>**to offset**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash** <br>**collateral\***<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**amount** |
| Assets: |  |  |  |  |  |
| Bank of America | &nbsp;&nbsp; $108<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $108<br>|
| Barclays Bank PLC | &nbsp;&nbsp; 70<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70<br>|
| BNP Paribas | &nbsp;&nbsp; 78<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78<br>|
| Citibank | &nbsp;&nbsp; 23<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8<br>|
| Goldman Sachs | &nbsp;&nbsp; 107<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107<br>|
| Morgan Stanley | &nbsp;&nbsp; 57<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br>|
| Total | &nbsp;&nbsp; $443<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(57)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $371<br>|
| Liabilities: |  |  |  |  |  |
| Citibank | &nbsp;&nbsp; $15<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|
| Total | &nbsp;&nbsp; $15<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(15)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—<br>|

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\*

Collateral is shown on a settlement basis.

**6. Taxation and distributions**

------

**Federal income taxation** — The fund complies with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and intends to distribute substantially all of its net taxable income and net capital gains each year. The fund is not subject to income taxes to the extent such distributions are made. Therefore, no federal income tax provision is required.

As of and during the year ended October 31, 2025, the fund did not have a liability for any unrecognized tax benefits. The fund recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the statement of operations. During the year, the fund did not incur any significant interest or penalties.

The fund's tax returns are generally not subject to examination by federal, state and, if applicable, non-U.S. tax authorities after the expiration of each jurisdiction's statute of limitations, which is typically three years after the date of filing but can be extended in certain jurisdictions.

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| | |
|:---|:---|
| **57** | Capital Income Builder |

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**Non-U.S. taxation** — Dividend and interest income are recorded net of non-U.S. taxes paid. The fund may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. As a result of rulings from European courts, the fund filed for additional reclaims related to prior years ("EU reclaims"). These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability. During the year ended October 31, 2025, the fund recognized $18,492,000 in EU reclaims (net of $658,000 in fees and the effect of realized gain or loss from currency translations) and $5,816,000 in interest related to European court rulings, which is included in dividend income and interest income, respectively, in the fund's statement of operations. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

**Distributions** — Distributions determined on a tax basis may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to different treatment for items such as currency gains and losses; short-term capital gains and losses; capital losses related to sales of certain securities within 30 days of purchase; unrealized appreciation of certain investments in securities outside the U.S.; cost of investments sold; non-U.S. taxes on capital gains; amortization of premiums and discounts and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.

During the year ended October 31, 2025, the fund reclassified $264,507,000 from total distributable earnings to capital paid in on shares of beneficial interest to align financial reporting with tax reporting.

As of October 31, 2025, the tax basis components of distributable earnings, unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Undistributed ordinary income | $985805 |
| Undistributed long-term capital gains | 5396968 |
| Gross unrealized appreciation on investments | 34641674 |
| Gross unrealized depreciation on investments | (3277110)<br>|
| Net unrealized appreciation (depreciation) on investments | 31364564 |
| Cost of investments | 88253600 |

---

Distributions paid were characterized for tax purposes as follows (dollars in thousands):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** |
| <br>**Share class** | **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid** <br>| &nbsp;&nbsp;&nbsp; **Ordinary** <br>**income**<br>| **Long-term** <br>**capital gains**<br>| **Total** <br>**distributions** <br>**paid**<br>|
| Class A | &nbsp;&nbsp; $2030596 | $1430454 | $3461050 | &nbsp;&nbsp;&nbsp;&nbsp; $2045281 | $66909 | $2112190 |
| Class C | &nbsp;&nbsp; 21631 | 21072 | 42703 | &nbsp;&nbsp;&nbsp;&nbsp; 27975 | 1257 | 29232 |
| Class T | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class F-1 | &nbsp;&nbsp; 64507 | 46626 | 111133 | &nbsp;&nbsp;&nbsp;&nbsp; 67159 | 2276 | 69435 |
| Class F-2 | &nbsp;&nbsp; 492462 | 316402 | 808864 | &nbsp;&nbsp;&nbsp;&nbsp; 484883 | 15225 | 500108 |
| Class F-3 | &nbsp;&nbsp; 225151 | 141222 | 366373 | &nbsp;&nbsp;&nbsp;&nbsp; 207871 | 6096 | 213967 |
| Class 529-A | &nbsp;&nbsp; 72371 | 51657 | 124028 | &nbsp;&nbsp;&nbsp;&nbsp; 73807 | 2451 | 76258 |
| Class 529-C | &nbsp;&nbsp; 1262 | 1245 | 2507 | &nbsp;&nbsp;&nbsp;&nbsp; 1623 | 73 | 1696 |
| Class 529-E | &nbsp;&nbsp; 1699 | 1326 | 3025 | &nbsp;&nbsp;&nbsp;&nbsp; 1845 | 66 | 1911 |
| Class 529-T | &nbsp;&nbsp; 1 | —<br> \*<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; 1 | —<br> \*<br>| 1 |
| Class 529-F-1 | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | &nbsp;&nbsp; 7288 | 4581 | 11869 | &nbsp;&nbsp;&nbsp;&nbsp; 6603 | 200 | 6803 |
| Class 529-F-3 | &nbsp;&nbsp; 1 | —<br> \*<br>| 1 | &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | &nbsp;&nbsp; 1341 | 1243 | 2584 | &nbsp;&nbsp;&nbsp;&nbsp; 1432 | 62 | 1494 |
| Class R-2 | &nbsp;&nbsp; 8312 | 7837 | 16149 | &nbsp;&nbsp;&nbsp;&nbsp; 8857 | 377 | 9234 |
| Class R-2E | &nbsp;&nbsp; 1051 | 874 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp; 1055 | 40 | 1095 |
| Class R-3 | &nbsp;&nbsp; 18032 | 14267 | 32299 | &nbsp;&nbsp;&nbsp;&nbsp; 18694 | 679 | 19373 |
| Class R-4 | &nbsp;&nbsp; 13819 | 10023 | 23842 | &nbsp;&nbsp;&nbsp;&nbsp; 14569 | 484 | 15053 |
| Class R-5E | &nbsp;&nbsp; 3635 | 2422 | 6057 | &nbsp;&nbsp;&nbsp;&nbsp; 3353 | 99 | 3452 |
| Class R-5 | &nbsp;&nbsp; 9718 | 6075 | 15793 | &nbsp;&nbsp;&nbsp;&nbsp; 9361 | 281 | 9642 |
| Class R-6 | &nbsp;&nbsp; 655118 | 405989 | 1061107 | &nbsp;&nbsp;&nbsp;&nbsp; 586678 | 16796 | 603474 |
| Total | &nbsp;&nbsp; $3627995 | $2463315 | $6091310 | &nbsp;&nbsp;&nbsp;&nbsp; $3561047 | $113371 | $3674418 |

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\*

Amount less than one thousand.

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|:---|:---|
| Capital Income Builder | **58** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**7. Fees and transactions with related parties**

------

CRMC, the fund's investment adviser, is the parent company of Capital Client Group, Inc. ("CCG"), the principal underwriter of the fund's shares, and American Funds Service Company® ("AFS"), the fund's transfer agent. CRMC, CCG and AFS are considered related parties to the fund.

**Investment advisory services** — The fund has an investment advisory and service agreement with CRMC that provides for monthly fees accrued daily. These fees are based on a series of decreasing annual rates beginning with 0.240% on the first $1 billion of daily net assets and decreasing to 0.110% on such assets in excess of $115 billion. The agreement also provides for monthly fees, accrued daily, based on a series of decreasing rates beginning with 3.00% on the first $100,000,000 of the fund's monthly gross income and decreasing to 2.50% on such income in excess of $100,000,000. For the year ended October 31, 2025, the investment advisory services fees were $248,813,000, which were equivalent to an annualized rate of 0.222% of average daily net assets.

**Class-specific fees and expenses** — Expenses that are specific to individual share classes are accrued directly to the respective share class. The principal class-specific fees and expenses are further described below:

**Distribution services** — The fund has plans of distribution for all share classes, except Class F-2, F-3, 529-F-2, 529-F-3, R-5E, R-5 and R-6 shares. Under the plans, the board of trustees approves certain categories of expenses that are used to finance activities primarily intended to sell fund shares and service existing accounts. The plans provide for payments, based on an annualized percentage of average daily net assets, ranging from 0.30% to 1.00% as noted in this section. In some cases, the board of trustees has limited the amounts that may be paid to less than the maximum allowed by the plans. All share classes with a plan may use up to 0.25% of average daily net assets to pay service fees, or to compensate CCG for paying service fees, to firms that have entered into agreements with CCG to provide certain shareholder services. The remaining amounts available to be paid under each plan are paid to dealers to compensate them for their sales activities.

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| | | |
|:---|:---|:---|
| **Share class** | **Currently approved limits** | **Plan limits** |
| Class A | 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>|
| Class 529-A | 0.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |
| Classes C, 529-C and R-1 | 1.00 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2 | 0.75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
| Class R-2E | 0.60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.85 |
| Classes 529-E and R-3 | 0.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.75 |
| Classes T, F-1, 529-T, 529-F-1 and R-4 | 0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.50 |

---

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by CCG for certain shares sold without a sales charge. These share classes reimburse CCG for amounts billed within the prior 15 months but only to the extent that the overall annual expense limits are not exceeded. As of October 31, 2025, there were no unreimbursed expenses subject to reimbursement for Class A or 529-A shares.

**Transfer agent services** — The fund has a shareholder services agreement with AFS under which the fund compensates AFS for providing transfer agent services to each of the fund's share classes. These services include recordkeeping, shareholder communications and transaction processing. Under this agreement, the fund also pays sub-transfer agency fees to AFS. These fees are paid by AFS to third parties for performing transfer agent services on behalf of fund shareholders.

**Administrative services** — The fund has an administrative services agreement with CRMC under which the fund compensates CRMC for providing administrative services to all share classes. Administrative services are provided by CRMC and its affiliates to help assist third parties providing non-distribution services to fund shareholders. These services include providing in-depth information on the fund and market developments that impact fund investments. Administrative services also include, but are not limited to, coordinating, monitoring and overseeing third parties that provide services to fund shareholders. The agreement provides the fund the ability to charge an administrative services fee at the annual rate of 0.05% of the average daily net assets attributable to each share class of the fund. Currently the fund pays CRMC an administrative services fee at the annual rate of 0.03% of the average daily net assets attributable to each share class of the fund for CRMC's provision of administrative services.

**529 plan services** — Each 529 share class is subject to service fees to compensate the Commonwealth Savers Plan (formerly, Virginia529) for its oversight and administration of the CollegeAmerica 529 college savings plan. The fees are based on the combined net assets invested in Class 529 and ABLE shares of the American Funds. Class ABLE shares are offered on other American Funds by Commonwealth Savers Plan through ABLEAmerica®, a tax-advantaged savings program for individuals with disabilities. Commonwealth Savers Plan is not considered a related party to the fund.

---

| | |
|:---|:---|
| **59** | Capital Income Builder |

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------

The quarterly fees are based on a series of decreasing annual rates beginning with 0.09% on the first $20 billion of the combined net assets invested in the American Funds and decreasing to 0.03% on such assets in excess of $75 billion. The fees for any given calendar quarter are accrued and calculated on the basis of the average net assets of Class 529 and ABLE shares of the American Funds for the last month of the prior calendar quarter. For the year ended October 31, 2025, the 529 plan services fees were $1,409,000, which were equivalent to 0.053% of the average daily net assets of each 529 share class.

For the year ended October 31, 2025, class-specific expenses under the agreements were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Transfer agent** <br>**services**<br>| **Administrative** <br>**services**<br>| **529 plan** <br>**services**<br>|
| Class A | $160196 | $43148 | $19271 | Not applicable |
| Class C | 8790 | 601 | 265 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 5128 | 2808 | 624 | Not applicable |
| Class F-2 | Not applicable | 15988 | 4422 | Not applicable |
| Class F-3 | Not applicable | 52 | 1954 | Not applicable |
| Class 529-A | 5242 | 1437 | 692 | $1233 |
| Class 529-C | 520 | 33 | 16 | 28 |
| Class 529-E | 289 | 18 | 18 | 31 |
| Class 529-T |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-1 |  | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class 529-F-2 | Not applicable | 87 | 66 | 117 |
| Class 529-F-3 | Not applicable | —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 561 | 53 | 17 | Not applicable |
| Class R-2 | 2587 | 1178 | 103 | Not applicable |
| Class R-2E | 232 | 78 | 12 | Not applicable |
| Class R-3 | 3167 | 926 | 190 | Not applicable |
| Class R-4 | 1099 | 435 | 132 | Not applicable |
| Class R-5E | Not applicable | 164 | 33 | Not applicable |
| Class R-5 | Not applicable | 130 | 86 | Not applicable |
| Class R-6 | Not applicable | 152 | 5720 | Not applicable |
| Total class-specific expenses | $187811 | $67288 | $33621 | $1409 |

---

\*

Amount less than one thousand.

**Trustees' deferred compensation** — Trustees who are unaffiliated with CRMC may elect to defer the cash payment of part or all of their compensation. These deferred amounts, which remain as liabilities of the fund, are treated as if invested in shares of the fund or other American Funds. These amounts represent general, unsecured liabilities of the fund and vary according to the total returns of the selected funds. Trustees' compensation of $1,173,000 in the fund's statement of operations reflects $566,000 in current fees (either paid in cash or deferred) and a net increase of $607,000 in the value of the deferred amounts.

**Affiliated officers and trustees** — Officers and certain trustees of the fund are or may be considered to be affiliated with CRMC, CCG and AFS. No affiliated officers or trustees received any compensation directly from the fund.

**Investments in CCBF and CCF** — The fund holds shares of CCBF, a corporate bond fund, and CCF, an institutional prime money market fund, which are both managed by CRMC. CCBF seeks to provide maximum total return consistent with capital preservation and prudent risk management by investing primarily in corporate debt instruments. CCBF is used as an investment vehicle for the fund's corporate bond investments. CCF invests in high-quality, short-term money market instruments. CCF is used as the primary investment vehicle for the fund's short-term instruments. Both CCBF and CCF shares are only available for purchase by CRMC, its affiliates, and other funds managed by CRMC or its affiliates, and are not available to the public. CRMC does not receive an investment advisory services fee from either CCBF or CCF.

**Security transactions with related funds** — The fund purchased investment securities from, and sold investment securities to, other funds managed by CRMC (or funds managed by certain affiliates of CRMC) under procedures adopted by the fund's board of trustees. The funds involved in such transactions are considered related by virtue of having a common investment adviser (or affiliated investment advisers), common trustees and/or common officers. Each transaction was executed at the current market price of the security and no brokerage commissions or fees were paid in accordance with Rule 17a-7 of the 1940 Act. During the year ended October 31, 2025, the fund engaged in such purchase and sale transactions with related funds in the amounts of $1,493,068,000 and $1,405,490,000, respectively, which generated $467,707,000 of net realized gains from such sales.

---

| | |
|:---|:---|
| Capital Income Builder | **60** |

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------

**Interfund lending** — Pursuant to an exemptive order issued by the SEC, the fund, along with other CRMC-managed funds (or funds managed by certain affiliates of CRMC), may participate in an interfund lending program. The program provides an alternate credit facility that permits the funds to lend or borrow cash for temporary purposes directly to or from one another, subject to the conditions of the exemptive order. The fund did not lend or borrow cash through the interfund lending program at any time during the year ended October 31, 2025.

**8. Indemnifications**

------

The fund's organizational documents provide board members and officers with indemnification against certain liabilities or expenses in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown since it is dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote. Insurance policies are also available to the fund's board members and officers.

**9. Capital share transactions**

------

Capital share transactions in the fund were as follows (dollars and shares in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** | **Year ended October 31, 2025** |
| Class A | $2311411 | 31256 | &nbsp;&nbsp;&nbsp; $3388736 | 48072 | &nbsp;&nbsp;&nbsp; $(7727464)<br>| (104893)<br>| &nbsp;&nbsp;&nbsp; $(2027317)<br>| (25565)<br>|
| Class C | 91434 | 1229 | &nbsp;&nbsp;&nbsp; 42362 | 604 | &nbsp;&nbsp;&nbsp; (329332)<br>| (4469)<br>| &nbsp;&nbsp;&nbsp; (195536)<br>| (2636)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 68405 | 927 | &nbsp;&nbsp;&nbsp; 109838 | 1559 | &nbsp;&nbsp;&nbsp; (280980)<br>| (3811)<br>| &nbsp;&nbsp;&nbsp; (102737)<br>| (1325)<br>|
| Class F-2 | 2913415 | 39371 | &nbsp;&nbsp;&nbsp; 778812 | 11032 | &nbsp;&nbsp;&nbsp; (2623423)<br>| (35615)<br>| &nbsp;&nbsp;&nbsp; 1068804 | 14788 |
| Class F-3 | 1160597 | 15581 | &nbsp;&nbsp;&nbsp; 361917 | 5121 | &nbsp;&nbsp;&nbsp; (1126391)<br>| (15290)<br>| &nbsp;&nbsp;&nbsp; 396123 | 5412 |
| Class 529-A | 168446 | 2282 | &nbsp;&nbsp;&nbsp; 123984 | 1760 | &nbsp;&nbsp;&nbsp; (409260)<br>| (5531)<br>| &nbsp;&nbsp;&nbsp; (116830)<br>| (1489)<br>|
| Class 529-C | 11474 | 155 | &nbsp;&nbsp;&nbsp; 2505 | 36 | &nbsp;&nbsp;&nbsp; (25181)<br>| (343)<br>| &nbsp;&nbsp;&nbsp; (11202)<br>| (152)<br>|
| Class 529-E | 4232 | 57 | &nbsp;&nbsp;&nbsp; 3025 | 42 | &nbsp;&nbsp;&nbsp; (13581)<br>| (184)<br>| &nbsp;&nbsp;&nbsp; (6324)<br>| (85)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-2 | 46980 | 637 | &nbsp;&nbsp;&nbsp; 11868 | 168 | &nbsp;&nbsp;&nbsp; (38685)<br>| (522)<br>| &nbsp;&nbsp;&nbsp; 20163 | 283 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class R-1 | 5782 | 78 | &nbsp;&nbsp;&nbsp; 2584 | 37 | &nbsp;&nbsp;&nbsp; (8713)<br>| (118)<br>| &nbsp;&nbsp;&nbsp; (347)<br>| (3)<br>|
| Class R-2 | 39074 | 531 | &nbsp;&nbsp;&nbsp; 16116 | 230 | &nbsp;&nbsp;&nbsp; (85015)<br>| (1148)<br>| &nbsp;&nbsp;&nbsp; (29825)<br>| (387)<br>|
| Class R-2E | 6543 | 90 | &nbsp;&nbsp;&nbsp; 1925 | 27 | &nbsp;&nbsp;&nbsp; (10497)<br>| (143)<br>| &nbsp;&nbsp;&nbsp; (2029)<br>| (26)<br>|
| Class R-3 | 72746 | 988 | &nbsp;&nbsp;&nbsp; 32138 | 457 | &nbsp;&nbsp;&nbsp; (139645)<br>| (1892)<br>| &nbsp;&nbsp;&nbsp; (34761)<br>| (447)<br>|
| Class R-4 | 56578 | 767 | &nbsp;&nbsp;&nbsp; 23830 | 338 | &nbsp;&nbsp;&nbsp; (112726)<br>| (1530)<br>| &nbsp;&nbsp;&nbsp; (32318)<br>| (425)<br>|
| Class R-5E | 25207 | 343 | &nbsp;&nbsp;&nbsp; 6052 | 86 | &nbsp;&nbsp;&nbsp; (34093)<br>| (462)<br>| &nbsp;&nbsp;&nbsp; (2834)<br>| (33)<br>|
| Class R-5 | 52189 | 711 | &nbsp;&nbsp;&nbsp; 15789 | 223 | &nbsp;&nbsp;&nbsp; (53300)<br>| (724)<br>| &nbsp;&nbsp;&nbsp; 14678 | 210 |
| Class R-6 | 2374901 | 31997 | &nbsp;&nbsp;&nbsp; 1061100 | 15005 | &nbsp;&nbsp;&nbsp; (1658601)<br>| (22482)<br>| &nbsp;&nbsp;&nbsp; 1777400 | 24520 |
| Total net increase <br> (decrease)<br>| $9409414 | 127000 | &nbsp;&nbsp;&nbsp; $5982584 | 84797 | &nbsp;&nbsp;&nbsp; $(14676887)<br>| (199157)<br>| &nbsp;&nbsp;&nbsp; $715111 | 12640 |

---

Refer to the end of the table(s) for footnote(s).

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| | |
|:---|:---|
| **61** | Capital Income Builder |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Sales\*** | **Sales\*** | **Reinvestments of**<br> **distributions** | **Reinvestments of**<br> **distributions** | **Repurchases\*** | **Repurchases\*** | **Net increase**<br> **(decrease)** | **Net increase**<br> **(decrease)** |
| <br>**Share class** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** | **Amount** | **Shares** |
| **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** | **Year ended October 31, 2024** |
| Class A | $1931498 | 28435 | &nbsp;&nbsp;&nbsp; $2063842 | 30538 | &nbsp;&nbsp;&nbsp; $(7600428)<br>| (111854)<br>| &nbsp;&nbsp;&nbsp; $(3605088)<br>| (52881)<br>|
| Class C | 77400 | 1135 | &nbsp;&nbsp;&nbsp; 28949 | 429 | &nbsp;&nbsp;&nbsp; (436691)<br>| (6442)<br>| &nbsp;&nbsp;&nbsp; (330342)<br>| (4878)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 52752 | 774 | &nbsp;&nbsp;&nbsp; 68565 | 1015 | &nbsp;&nbsp;&nbsp; (330729)<br>| (4877)<br>| &nbsp;&nbsp;&nbsp; (209412)<br>| (3088)<br>|
| Class F-2 | 2559546 | 37657 | &nbsp;&nbsp;&nbsp; 481455 | 7136 | &nbsp;&nbsp;&nbsp; (4368562)<br>| (64563)<br>| &nbsp;&nbsp;&nbsp; (1327561)<br>| (19770)<br>|
| Class F-3 | 1048829 | 15395 | &nbsp;&nbsp;&nbsp; 211687 | 3129 | &nbsp;&nbsp;&nbsp; (1167591)<br>| (17226)<br>| &nbsp;&nbsp;&nbsp; 92925 | 1298 |
| Class 529-A | 155961 | 2290 | &nbsp;&nbsp;&nbsp; 76233 | 1129 | &nbsp;&nbsp;&nbsp; (394660)<br>| (5790)<br>| &nbsp;&nbsp;&nbsp; (162466)<br>| (2371)<br>|
| Class 529-C | 12479 | 184 | &nbsp;&nbsp;&nbsp; 1691 | 25 | &nbsp;&nbsp;&nbsp; (31739)<br>| (467)<br>| &nbsp;&nbsp;&nbsp; (17569)<br>| (258)<br>|
| Class 529-E | 5328 | 79 | &nbsp;&nbsp;&nbsp; 1911 | 28 | &nbsp;&nbsp;&nbsp; (13290)<br>| (196)<br>| &nbsp;&nbsp;&nbsp; (6051)<br>| (89)<br>|
| Class 529-T |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class 529-F-1 |  |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — <br><sup>†</sup><br>| — <br><sup>†</sup><br>|
| Class 529-F-2 | 35183 | 515 | &nbsp;&nbsp;&nbsp; 6801 | 101 | &nbsp;&nbsp;&nbsp; (40207)<br>| (590)<br>| &nbsp;&nbsp;&nbsp; 1777 | 26 |
| Class 529-F-3 |  |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>| &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 1 | — <br><sup>†</sup><br>|
| Class R-1 | 6703 | 98 | &nbsp;&nbsp;&nbsp; 1494 | 22 | &nbsp;&nbsp;&nbsp; (15847)<br>| (232)<br>| &nbsp;&nbsp;&nbsp; (7650)<br>| (112)<br>|
| Class R-2 | 38977 | 572 | &nbsp;&nbsp;&nbsp; 9226 | 137 | &nbsp;&nbsp;&nbsp; (79726)<br>| (1173)<br>| &nbsp;&nbsp;&nbsp; (31523)<br>| (464)<br>|
| Class R-2E | 5176 | 76 | &nbsp;&nbsp;&nbsp; 1094 | 17 | &nbsp;&nbsp;&nbsp; (7495)<br>| (111)<br>| &nbsp;&nbsp;&nbsp; (1225)<br>| (18)<br>|
| Class R-3 | 71402 | 1048 | &nbsp;&nbsp;&nbsp; 19314 | 286 | &nbsp;&nbsp;&nbsp; (140702)<br>| (2065)<br>| &nbsp;&nbsp;&nbsp; (49986)<br>| (731)<br>|
| Class R-4 | 44625 | 657 | &nbsp;&nbsp;&nbsp; 15044 | 222 | &nbsp;&nbsp;&nbsp; (100941)<br>| (1481)<br>| &nbsp;&nbsp;&nbsp; (41272)<br>| (602)<br>|
| Class R-5E | 22218 | 327 | &nbsp;&nbsp;&nbsp; 3451 | 51 | &nbsp;&nbsp;&nbsp; (20232)<br>| (298)<br>| &nbsp;&nbsp;&nbsp; 5437 | 80 |
| Class R-5 | 24451 | 362 | &nbsp;&nbsp;&nbsp; 9632 | 142 | &nbsp;&nbsp;&nbsp; (46929)<br>| (689)<br>| &nbsp;&nbsp;&nbsp; (12846)<br>| (185)<br>|
| Class R-6 | 2056985 | 30469 | &nbsp;&nbsp;&nbsp; 603387 | 8913 | &nbsp;&nbsp;&nbsp; (1795734)<br>| (26198)<br>| &nbsp;&nbsp;&nbsp; 864638 | 13184 |
| Total net increase <br> (decrease)<br>| $8149513 | 120073 | &nbsp;&nbsp;&nbsp; $3603778 | 53320 | &nbsp;&nbsp;&nbsp; $(16591503)<br>| (244252)<br>| &nbsp;&nbsp;&nbsp; $(4838212)<br>| (70859)<br>|

---

\*

Includes exchanges between share classes of the fund.

<sup>†</sup>

Amount less than one thousand.

**10. Investment transactions**

------

The fund engaged in purchases and sales of investment securities, excluding short-term securities and U.S. government obligations,

if any, of $49,411,232,000 and $55,820,204,000, respectively, during the year ended October 31, 2025.

---

| | |
|:---|:---|
| Capital Income Builder | **62** |

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------

Financial highlights

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset** <br>**value,** <br>**beginning** <br>**of year**<br>| **Net** <br>**investment** <br>**income** <br>**(loss)**<br>| **Net gains** <br>**(losses) on** <br>**securities** <br>**(both** <br>**realized and** <br>**unrealized)**<br>| **Total from** <br>**investment** <br>**operations**<br>| **Dividends** <br>**(from net** <br>**investment** <br>**income)**<br>| **Distributions** <br>**(from capital** <br>**gains)**<br>| **Total** <br>**dividends** <br>**and** <br>**distributions**<br>| <br>**Net asset** <br>**value,** <br>**end** <br>**of year**<br>| <br>**Total return**<sup>2,3</sup> <br>| <br>**Net assets,** <br>**end of** <br>**year** <br>**(in millions)** <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets before** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>4</sup> <br>| <br>**Ratio of** <br>**expenses to** <br>**average net** <br>**assets after** <br>**waivers/** <br>**reimburse-** <br>**ments**<sup>3,4</sup> <br>| <br>**Ratio of** <br>**net income** <br>**(loss) to** <br>**average** <br>**net assets**<sup>3</sup> <br>|
| **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  | **Class A:**  |
| 10/31/2025 | $72.42 | $2.27 | $8.42 | $10.69 | $(2.36)<br>| $(1.66)<br>| $(4.02)<br>| $79.09 | 15.52<br> %<br>| $66993 | .58<br> %<br>| .58<br> %<br>| 3.06<br> %<br>|
| 10/31/2024 | 60.34 | 2.28 | 12.14 | 14.42 | (2.27)<br>| (.07)<br>| (2.34)<br>| 72.42 | 24.21 | 63195 | .59 | .59 | 3.34 |
| 10/31/2023 | 60.47 | 2.13 | (.05)<br>| 2.08 | (2.21)<br>|  | (2.21)<br>| 60.34 | 3.34 | 55851 | .60 | .60 | 3.36 |
| 10/31/2022 | 69.09 | 1.98 | (8.33)<br>| (6.35)<br>| (2.27)<br>|  | (2.27)<br>| 60.47 | (9.42)<br>| 58325 | .59 | .59 | 3.00 |
| 10/31/2021 | 56.52 | 2.07 | 12.33 | 14.40 | (1.83)<br>|  | (1.83)<br>| 69.09 | 25.67 | 67634 | .59 | .59 | 3.12 |
| **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  | **Class C:**  |
| 10/31/2025 | 72.63 | 1.71 | 8.46 | 10.17 | (1.79)<br>| (1.66)<br>| (3.45)<br>| 79.35 | 14.65 | 844 | 1.32 | 1.32 | 2.31 |
| 10/31/2024 | 60.51 | 1.78 | 12.16 | 13.94 | (1.75)<br>| (.07)<br>| (1.82)<br>| 72.63 | 23.28 | 964 | 1.34 | 1.34 | 2.61 |
| 10/31/2023 | 60.63 | 1.66 | (.06)<br>| 1.60 | (1.72)<br>|  | (1.72)<br>| 60.51 | 2.56 | 1098 | 1.35 | 1.35 | 2.60 |
| 10/31/2022 | 69.23 | 1.49 | (8.34)<br>| (6.85)<br>| (1.75)<br>|  | (1.75)<br>| 60.63 | (10.07)<br>| 1458 | 1.33 | 1.33 | 2.25 |
| 10/31/2021 | 56.63 | 1.57 | 12.36 | 13.93 | (1.33)<br>|  | (1.33)<br>| 69.23 | 24.72 | 2047 | 1.34 | 1.34 | 2.37 |
| **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  | **Class T:**  |
| 10/31/2025 | 72.39 | 2.45 | 8.41 | 10.86 | (2.54)<br>| (1.66)<br>| (4.20)<br>| 79.05 | 15.81 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .32 <br><sup>5</sup><br>| .32 <br><sup>5</sup><br>| 3.30 <br><sup>5</sup><br>|
| 10/31/2024 | 60.32 | 2.44 | 12.14 | 14.58 | (2.44)<br>| (.07)<br>| (2.51)<br>| 72.39 | 24.52 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .34 <br><sup>5</sup><br>| .34 <br><sup>5</sup><br>| 3.58 <br><sup>5</sup><br>|
| 10/31/2023 | 60.46 | 2.30 | (.07)<br>| 2.23 | (2.37)<br>|  | (2.37)<br>| 60.32 | 3.60 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .34 <br><sup>5</sup><br>| .34 <br><sup>5</sup><br>| 3.61 <br><sup>5</sup><br>|
| 10/31/2022 | 69.08 | 2.14 | (8.32)<br>| (6.18)<br>| (2.44)<br>|  | (2.44)<br>| 60.46 | (9.18 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .33 <br><sup>5</sup><br>| .33 <br><sup>5</sup><br>| 3.26 <br><sup>5</sup><br>|
| 10/31/2021 | 56.52 | 2.23 | 12.33 | 14.56 | (2.00)<br>|  | (2.00)<br>| 69.08 | 25.96 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .34 <br><sup>5</sup><br>| .34 <br><sup>5</sup><br>| 3.37 <br><sup>5</sup><br>|
| **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  | **Class F-1:**  |
| 10/31/2025 | 72.42 | 2.22 | 8.42 | 10.64 | (2.31)<br>| (1.66)<br>| (3.97)<br>| 79.09 | 15.44 | 2154 | .64 | .64 | 2.99 |
| 10/31/2024 | 60.35 | 2.23 | 12.13 | 14.36 | (2.22)<br>| (.07)<br>| (2.29)<br>| 72.42 | 24.14 | 2068 | .66 | .66 | 3.28 |
| 10/31/2023 | 60.48 | 2.10 | (.06)<br>| 2.04 | (2.17)<br>|  | (2.17)<br>| 60.35 | 3.26 | 1910 | .66 | .66 | 3.30 |
| 10/31/2022 | 69.09 | 1.94 | (8.33)<br>| (6.39)<br>| (2.22)<br>|  | (2.22)<br>| 60.48 | (9.46)<br>| 2097 | .64 | .64 | 2.95 |
| 10/31/2021 | 56.51 | 2.02 | 12.35 | 14.37 | (1.79)<br>|  | (1.79)<br>| 69.09 | 25.61 | 2555 | .65 | .65 | 3.06 |
| **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  | **Class F-2:**  |
| 10/31/2025 | 72.35 | 2.42 | 8.41 | 10.83 | (2.51)<br>| (1.66)<br>| (4.17)<br>| 79.01 | 15.77 | 16179 | .37 | .37 | 3.26 |
| 10/31/2024 | 60.29 | 2.42 | 12.13 | 14.55 | (2.42)<br>| (.07)<br>| (2.49)<br>| 72.35 | 24.48 | 13746 | .38 | .38 | 3.56 |
| 10/31/2023 | 60.42 | 2.27 | (.05)<br>| 2.22 | (2.35)<br>|  | (2.35)<br>| 60.29 | 3.56 | 12646 | .38 | .38 | 3.58 |
| 10/31/2022 | 69.03 | 2.12 | (8.32)<br>| (6.20)<br>| (2.41)<br>|  | (2.41)<br>| 60.42 | (9.21)<br>| 12566 | .37 | .37 | 3.23 |
| 10/31/2021 | 56.47 | 2.22 | 12.32 | 14.54 | (1.98)<br>|  | (1.98)<br>| 69.03 | 25.95 | 13182 | .37 | .37 | 3.34 |
| **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  | **Class F-3:**  |
| 10/31/2025 | 72.39 | 2.50 | 8.42 | 10.92 | (2.59)<br>| (1.66)<br>| (4.25)<br>| 79.06 | 15.89 | 7147 | .26 | .26 | 3.37 |
| 10/31/2024 | 60.32 | 2.50 | 12.13 | 14.63 | (2.49)<br>| (.07)<br>| (2.56)<br>| 72.39 | 24.60 | 6153 | .27 | .27 | 3.66 |
| 10/31/2023 | 60.46 | 2.34 | (.07)<br>| 2.27 | (2.41)<br>|  | (2.41)<br>| 60.32 | 3.67 | 5049 | .27 | .27 | 3.69 |
| 10/31/2022 | 69.08 | 2.19 | (8.33)<br>| (6.14)<br>| (2.48)<br>|  | (2.48)<br>| 60.46 | (9.12)<br>| 4858 | .26 | .26 | 3.33 |
| 10/31/2021 | 56.50 | 2.29 | 12.33 | 14.62 | (2.04)<br>|  | (2.04)<br>| 69.08 | 26.09 | 5275 | .27 | .27 | 3.45 |
| **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  | **Class 529-A:**  |
| 10/31/2025 | 72.39 | 2.25 | 8.40 | 10.65 | (2.33)<br>| (1.66)<br>| (3.99)<br>| 79.05 | 15.48 | 2375 | .60 | .60 | 3.03 |
| 10/31/2024 | 60.32 | 2.26 | 12.13 | 14.39 | (2.25)<br>| (.07)<br>| (2.32)<br>| 72.39 | 24.18 | 2283 | .63 | .63 | 3.31 |
| 10/31/2023 | 60.45 | 2.11 | (.06)<br>| 2.05 | (2.18)<br>|  | (2.18)<br>| 60.32 | 3.30 | 2045 | .64 | .64 | 3.32 |
| 10/31/2022 | 69.06 | 1.96 | (8.32)<br>| (6.36)<br>| (2.25)<br>|  | (2.25)<br>| 60.45 | (9.45)<br>| 2158 | .61 | .61 | 2.98 |
| 10/31/2021 | 56.49 | 2.04 | 12.33 | 14.37 | (1.80)<br>|  | (1.80)<br>| 69.06 | 25.61 | 2534 | .63 | .63 | 3.08 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| **63** | Capital Income Builder |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  | **Class 529-C:**  |
| 10/31/2025 | $72.62 | $1.68 | $8.45 | $10.13 | $(1.75)<br>| $(1.66)<br>| $(3.41)<br>| $79.34 | 14.60<br> %<br>| $51 | 1.37<br> %<br>| 1.37<br> %<br>| 2.26<br> %<br>|
| 10/31/2024 | 60.50 | 1.75 | 12.17 | 13.92 | (1.73)<br>| (.07)<br>| (1.80)<br>| 72.62 | 23.23 | 58 | 1.38 | 1.38 | 2.57 |
| 10/31/2023 | 60.61 | 1.62 | (.05)<br>| 1.57 | (1.68)<br>|  | (1.68)<br>| 60.50 | 2.52 | 64 | 1.41 | 1.41 | 2.55 |
| 10/31/2022 | 69.21 | 1.45 | (8.34)<br>| (6.89)<br>| (1.71)<br>|  | (1.71)<br>| 60.61 | (10.13)<br>| 80 | 1.38 | 1.38 | 2.19 |
| 10/31/2021 | 56.61 | 1.55 | 12.36 | 13.91 | (1.31)<br>|  | (1.31)<br>| 69.21 | 24.70 | 117 | 1.37 | 1.37 | 2.33 |
| **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  | **Class 529-E:**  |
| 10/31/2025 | 72.42 | 2.07 | 8.43 | 10.50 | (2.16)<br>| (1.66)<br>| (3.82)<br>| 79.10 | 15.22 | 60 | .84 | .84 | 2.80 |
| 10/31/2024 | 60.35 | 2.10 | 12.13 | 14.23 | (2.09)<br>| (.07)<br>| (2.16)<br>| 72.42 | 23.90 | 61 | .85 | .85 | 3.08 |
| 10/31/2023 | 60.48 | 1.97 | (.07)<br>| 1.90 | (2.03)<br>|  | (2.03)<br>| 60.35 | 3.04 | 56 | .87 | .87 | 3.10 |
| 10/31/2022 | 69.09 | 1.80 | (8.32)<br>| (6.52)<br>| (2.09)<br>|  | (2.09)<br>| 60.48 | (9.65)<br>| 61 | .85 | .85 | 2.74 |
| 10/31/2021 | 56.51 | 1.89 | 12.35 | 14.24 | (1.66)<br>|  | (1.66)<br>| 69.09 | 25.35 | 75 | .85 | .85 | 2.86 |
| **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  | **Class 529-T:**  |
| 10/31/2025 | 72.40 | 2.41 | 8.43 | 10.84 | (2.51)<br>| (1.66)<br>| (4.17)<br>| 79.07 | 15.75 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .37 <br><sup>5</sup><br>| .37 <br><sup>5</sup><br>| 3.26 <br><sup>5</sup><br>|
| 10/31/2024 | 60.34 | 2.42 | 12.12 | 14.54 | (2.41)<br>| (.07)<br>| (2.48)<br>| 72.40 | 24.47 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .39 <br><sup>5</sup><br>| .39 <br><sup>5</sup><br>| 3.54 <br><sup>5</sup><br>|
| 10/31/2023 | 60.47 | 2.27 | (.06)<br>| 2.21 | (2.34)<br>|  | (2.34)<br>| 60.34 | 3.57 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .40 <br><sup>5</sup><br>| .40 <br><sup>5</sup><br>| 3.57 <br><sup>5</sup><br>|
| 10/31/2022 | 69.08 | 2.12 | (8.32)<br>| (6.20)<br>| (2.41)<br>|  | (2.41)<br>| 60.47 | (9.22 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .37 <br><sup>5</sup><br>| .37 <br><sup>5</sup><br>| 3.22 <br><sup>5</sup><br>|
| 10/31/2021 | 56.52 | 2.19 | 12.33 | 14.52 | (1.96)<br>|  | (1.96)<br>| 69.08 | 25.89 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .40 <br><sup>5</sup><br>| .40 <br><sup>5</sup><br>| 3.31 <br><sup>5</sup><br>|
| **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  | **Class 529-F-1:**  |
| 10/31/2025 | 72.37 | 2.36 | 8.40 | 10.76 | (2.45)<br>| (1.66)<br>| (4.11)<br>| 79.02 | 15.65 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .44 <br><sup>5</sup><br>| .44 <br><sup>5</sup><br>| 3.19 <br><sup>5</sup><br>|
| 10/31/2024 | 60.31 | 2.36 | 12.12 | 14.48 | (2.35)<br>| (.07)<br>| (2.42)<br>| 72.37 | 24.37 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .47 <br><sup>5</sup><br>| .47 <br><sup>5</sup><br>| 3.46 <br><sup>5</sup><br>|
| 10/31/2023 | 60.44 | 2.22 | (.06)<br>| 2.16 | (2.29)<br>|  | (2.29)<br>| 60.31 | 3.47 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .47 <br><sup>5</sup><br>| .47 <br><sup>5</sup><br>| 3.49 <br><sup>5</sup><br>|
| 10/31/2022 | 69.05 | 2.06 | (8.32)<br>| (6.26)<br>| (2.35)<br>|  | (2.35)<br>| 60.44 | (9.30 )<sup>5</sup><br>| — <br><sup>6</sup><br>| .46 <br><sup>5</sup><br>| .46 <br><sup>5</sup><br>| 3.13 <br><sup>5</sup><br>|
| 10/31/2021 | 56.50 | 2.10 | 12.39 | 14.49 | (1.94)<br>|  | (1.94)<br>| 69.05 | 25.84 <br><sup>5</sup><br>| — <br><sup>6</sup><br>| .44 <br><sup>5</sup><br>| .44 <br><sup>5</sup><br>| 3.17 <br><sup>5</sup><br>|
| **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  | **Class 529-F-2:**  |
| 10/31/2025 | 72.43 | 2.44 | 8.41 | 10.85 | (2.52)<br>| (1.66)<br>| (4.18)<br>| 79.10 | 15.77 | 241 | .35 | .35 | 3.28 |
| 10/31/2024 | 60.36 | 2.43 | 12.13 | 14.56 | (2.42)<br>| (.07)<br>| (2.49)<br>| 72.43 | 24.49 | 200 | .37 | .37 | 3.57 |
| 10/31/2023 | 60.49 | 2.28 | (.06)<br>| 2.22 | (2.35)<br>|  | (2.35)<br>| 60.36 | 3.58 | 165 | .37 | .37 | 3.59 |
| 10/31/2022 | 69.11 | 2.13 | (8.33)<br>| (6.20)<br>| (2.42)<br>|  | (2.42)<br>| 60.49 | (9.20)<br>| 155 | .36 | .36 | 3.24 |
| 10/31/2021 | 56.52 | 2.22 | 12.34 | 14.56 | (1.97)<br>|  | (1.97)<br>| 69.11 | 25.97 | 155 | .38 | .38 | 3.34 |
| **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  | **Class 529-F-3:**  |
| 10/31/2025 | 72.40 | 2.46 | 8.41 | 10.87 | (2.55)<br>| (1.66)<br>| (4.21)<br>| 79.06 | 15.82 | — <br><sup>6</sup><br>| .31 | .31 | 3.32 |
| 10/31/2024 | 60.34 | 2.46 | 12.12 | 14.58 | (2.45)<br>| (.07)<br>| (2.52)<br>| 72.40 | 24.55 | — <br><sup>6</sup><br>| .32 | .32 | 3.60 |
| 10/31/2023 | 60.47 | 2.30 | (.05)<br>| 2.25 | (2.38)<br>|  | (2.38)<br>| 60.34 | 3.60 | — <br><sup>6</sup><br>| .33 | .33 | 3.62 |
| 10/31/2022 | 69.09 | 2.15 | (8.33)<br>| (6.18)<br>| (2.44)<br>|  | (2.44)<br>| 60.47 | (9.17)<br>| — <br><sup>6</sup><br>| .32 | .32 | 3.27 |
| 10/31/2021 | 56.52 | 2.24 | 12.34 | 14.58 | (2.01)<br>|  | (2.01)<br>| 69.09 | 26.00 | — <br><sup>6</sup><br>| .38 | .33 | 3.38 |
| **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  | **Class R-1:**  |
| 10/31/2025 | 72.50 | 1.69 | 8.44 | 10.13 | (1.78)<br>| (1.66)<br>| (3.44)<br>| 79.19 | 14.62 | 60 | 1.35 | 1.35 | 2.28 |
| 10/31/2024 | 60.42 | 1.76 | 12.13 | 13.89 | (1.74)<br>| (.07)<br>| (1.81)<br>| 72.50 | 23.27 | 55 | 1.36 | 1.36 | 2.58 |
| 10/31/2023 | 60.54 | 1.65 | (.06)<br>| 1.59 | (1.71)<br>|  | (1.71)<br>| 60.42 | 2.54 | 52 | 1.37 | 1.37 | 2.59 |
| 10/31/2022 | 69.14 | 1.48 | (8.33)<br>| (6.85)<br>| (1.75)<br>|  | (1.75)<br>| 60.54 | (10.11)<br>| 57 | 1.34 | 1.34 | 2.25 |
| 10/31/2021 | 56.56 | 1.56 | 12.34 | 13.90 | (1.32)<br>|  | (1.32)<br>| 69.14 | 24.70 | 69 | 1.36 | 1.36 | 2.35 |

---

Refer to the end of the table(s) for footnote(s).

---

| | |
|:---|:---|
| Capital Income Builder | **64** |

---

------

Financial highlights (continued)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Income (loss) from investment operations**<sup>1</sup> | **Dividends and distributions** | **Dividends and distributions** | **Dividends and distributions** | | | | | | |
| <br>**Year ended**  | <br>**Net asset**<br> **value,**<br> **beginning**<br> **of year**<br>| **Net**<br> **investment**<br> **income**<br> **(loss)**<br>| **Net gains**<br> **(losses) on**<br> **securities**<br> **(both**<br> **realized and**<br> **unrealized)**<br>| **Total from**<br> **investment**<br> **operations**<br>| **Dividends**<br> **(from net**<br> **investment**<br> **income)**<br>| **Distributions**<br> **(from capital**<br> **gains)**<br>| **Total**<br> **dividends**<br> **and**<br> **distributions**<br>| <br>**Net asset**<br> **value,**<br> **end**<br> **of year**<br>| <br>**Total return**<sup>2,3</sup> | <br>**Net assets,**<br> **end of**<br> **year**<br> **(in millions)** <br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets before**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>4</sup><br>| <br>**Ratio of**<br> **expenses to**<br> **average net**<br> **assets after**<br> **waivers/**<br> **reimburse-**<br> **ments**<sup>3,4</sup><br>| <br>**Ratio of**<br> **net income**<br> **(loss) to**<br> **average**<br> **net assets**<sup>3</sup><br>|
| **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  | **Class R-2:**  |
| 10/31/2025 | $72.44 | $1.69 | $8.43 | $10.12 | $(1.78)<br>| $(1.66)<br>| $(3.44)<br>| $79.12 | 14.62<br> %<br>| $348 | 1.35<br> %<br>| 1.35<br> %<br>| 2.28<br> %<br>|
| 10/31/2024 | 60.38 | 1.76 | 12.12 | 13.88 | (1.75)<br>| (.07)<br>| (1.82)<br>| 72.44 | 23.27 | 346 | 1.36 | 1.36 | 2.58 |
| 10/31/2023 | 60.50 | 1.65 | (.05)<br>| 1.60 | (1.72)<br>|  | (1.72)<br>| 60.38 | 2.55 | 317 | 1.37 | 1.37 | 2.59 |
| 10/31/2022 | 69.10 | 1.47 | (8.32)<br>| (6.85)<br>| (1.75)<br>|  | (1.75)<br>| 60.50 | (10.10)<br>| 344 | 1.35 | 1.35 | 2.24 |
| 10/31/2021 | 56.53 | 1.56 | 12.33 | 13.89 | (1.32)<br>|  | (1.32)<br>| 69.10 | 24.72 | 419 | 1.36 | 1.36 | 2.35 |
| **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  | **Class R-2E:**  |
| 10/31/2025 | 72.06 | 1.90 | 8.37 | 10.27 | (2.00)<br>| (1.66)<br>| (3.66)<br>| 78.67 | 14.95 | 39 | 1.06 | 1.06 | 2.58 |
| 10/31/2024 | 60.07 | 1.95 | 12.06 | 14.01 | (1.95)<br>| (.07)<br>| (2.02)<br>| 72.06 | 23.62 | 38 | 1.07 | 1.07 | 2.87 |
| 10/31/2023 | 60.20 | 1.82 | (.05)<br>| 1.77 | (1.90)<br>|  | (1.90)<br>| 60.07 | 2.84 | 33 | 1.08 | 1.08 | 2.88 |
| 10/31/2022 | 68.78 | 1.66 | (8.29)<br>| (6.63)<br>| (1.95)<br>|  | (1.95)<br>| 60.20 | (9.85)<br>| 37 | 1.06 | 1.06 | 2.53 |
| 10/31/2021 | 56.27 | 1.74 | 12.29 | 14.03 | (1.52)<br>|  | (1.52)<br>| 68.78 | 25.08 | 46 | 1.07 | 1.07 | 2.64 |
| **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  | **Class R-3:**  |
| 10/31/2025 | 72.43 | 2.02 | 8.42 | 10.44 | (2.11)<br>| (1.66)<br>| (3.77)<br>| 79.10 | 15.14 | 652 | .91 | .91 | 2.73 |
| 10/31/2024 | 60.36 | 2.06 | 12.13 | 14.19 | (2.05)<br>| (.07)<br>| (2.12)<br>| 72.43 | 23.82 | 629 | .91 | .91 | 3.02 |
| 10/31/2023 | 60.49 | 1.93 | (.06)<br>| 1.87 | (2.00)<br>|  | (2.00)<br>| 60.36 | 3.00 | 569 | .92 | .92 | 3.04 |
| 10/31/2022 | 69.09 | 1.77 | (8.32)<br>| (6.55)<br>| (2.05)<br>|  | (2.05)<br>| 60.49 | (9.70)<br>| 613 | .91 | .91 | 2.68 |
| 10/31/2021 | 56.52 | 1.85 | 12.34 | 14.19 | (1.62)<br>|  | (1.62)<br>| 69.09 | 25.26 | 748 | .92 | .92 | 2.80 |
| **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  | **Class R-4:**  |
| 10/31/2025 | 72.40 | 2.24 | 8.41 | 10.65 | (2.33)<br>| (1.66)<br>| (3.99)<br>| 79.06 | 15.47 | 449 | .61 | .61 | 3.02 |
| 10/31/2024 | 60.33 | 2.26 | 12.13 | 14.39 | (2.25)<br>| (.07)<br>| (2.32)<br>| 72.40 | 24.19 | 442 | .62 | .62 | 3.32 |
| 10/31/2023 | 60.46 | 2.12 | (.06)<br>| 2.06 | (2.19)<br>|  | (2.19)<br>| 60.33 | 3.32 | 405 | .62 | .62 | 3.34 |
| 10/31/2022 | 69.07 | 1.96 | (8.32)<br>| (6.36)<br>| (2.25)<br>|  | (2.25)<br>| 60.46 | (9.43)<br>| 431 | .61 | .61 | 2.98 |
| 10/31/2021 | 56.50 | 2.05 | 12.34 | 14.39 | (1.82)<br>|  | (1.82)<br>| 69.07 | 25.65 | 547 | .62 | .62 | 3.10 |
| **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  | **Class R-5E:**  |
| 10/31/2025 | 72.29 | 2.39 | 8.40 | 10.79 | (2.48)<br>| (1.66)<br>| (4.14)<br>| 78.94 | 15.71 | 113 | .41 | .41 | 3.23 |
| 10/31/2024 | 60.24 | 2.39 | 12.12 | 14.51 | (2.39)<br>| (.07)<br>| (2.46)<br>| 72.29 | 24.44 | 105 | .42 | .42 | 3.51 |
| 10/31/2023 | 60.38 | 2.25 | (.07)<br>| 2.18 | (2.32)<br>|  | (2.32)<br>| 60.24 | 3.51 | 83 | .42 | .42 | 3.54 |
| 10/31/2022 | 68.98 | 2.08 | (8.30)<br>| (6.22)<br>| (2.38)<br>|  | (2.38)<br>| 60.38 | (9.24)<br>| 81 | .41 | .41 | 3.18 |
| 10/31/2021 | 56.43 | 2.18 | 12.32 | 14.50 | (1.95)<br>|  | (1.95)<br>| 68.98 | 25.90 | 78 | .42 | .42 | 3.29 |
| **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  | **Class R-5:**  |
| 10/31/2025 | 72.44 | 2.47 | 8.42 | 10.89 | (2.56)<br>| (1.66)<br>| (4.22)<br>| 79.11 | 15.86 | 309 | .31 | .31 | 3.34 |
| 10/31/2024 | 60.36 | 2.47 | 12.14 | 14.61 | (2.46)<br>| (.07)<br>| (2.53)<br>| 72.44 | 24.55 | 268 | .31 | .31 | 3.62 |
| 10/31/2023 | 60.50 | 2.31 | (.07)<br>| 2.24 | (2.38)<br>|  | (2.38)<br>| 60.36 | 3.64 | 235 | .32 | .32 | 3.64 |
| 10/31/2022 | 69.11 | 2.16 | (8.32)<br>| (6.16)<br>| (2.45)<br>|  | (2.45)<br>| 60.50 | (9.16)<br>| 252 | .30 | .30 | 3.28 |
| 10/31/2021 | 56.53 | 2.25 | 12.34 | 14.59 | (2.01)<br>|  | (2.01)<br>| 69.11 | 26.02 | 309 | .31 | .31 | 3.40 |
| **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  | **Class R-6:**  |
| 10/31/2025 | 72.40 | 2.50 | 8.42 | 10.92 | (2.59)<br>| (1.66)<br>| (4.25)<br>| 79.07 | 15.89 | 21121 | .26 | .26 | 3.37 |
| 10/31/2024 | 60.33 | 2.50 | 12.13 | 14.63 | (2.49)<br>| (.07)<br>| (2.56)<br>| 72.40 | 24.60 | 17565 | .27 | .27 | 3.67 |
| 10/31/2023 | 60.47 | 2.34 | (.07)<br>| 2.27 | (2.41)<br>|  | (2.41)<br>| 60.33 | 3.67 | 13841 | .27 | .27 | 3.68 |
| 10/31/2022 | 69.08 | 2.19 | (8.32)<br>| (6.13)<br>| (2.48)<br>|  | (2.48)<br>| 60.47 | (9.11)<br>| 12940 | .26 | .26 | 3.33 |
| 10/31/2021 | 56.51 | 2.28 | 12.34 | 14.62 | (2.05)<br>|  | (2.05)<br>| 69.08 | 26.07 | 14277 | .27 | .27 | 3.45 |

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Refer to the end of the table(s) for footnote(s).

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| | |
|:---|:---|
| **65** | Capital Income Builder |

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Financial highlights (continued)

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes**<sup>7,8</sup> | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** | **Year ended October 31,** |
| **Portfolio turnover rate for all share classes**<sup>7,8</sup> | **2025** | **2024** | **2023** | **2022** | **2021** |
| Excluding mortgage dollar roll transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41<br> %<br>|
| Including mortgage dollar roll transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 106<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|

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<sup>1</sup> Based on average shares outstanding.

<sup>2</sup> Total returns exclude any applicable sales charges, including contingent deferred sales charges.

<sup>3</sup> This column reflects the impact of certain waivers and/or reimbursements from CRMC and/or AFS, if any.

<sup>4</sup> Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.

<sup>5</sup> All or a significant portion of assets in this class consisted of seed capital invested by CRMC and/or its affiliates. Fees for distribution services are not charged or accrued on these seed capital assets. If such fees were paid by the fund on seed capital assets, fund expenses would have been higher and net income and total return would have been lower. 

<sup>6</sup> Amount less than $1 million.

<sup>7</sup> Refer to Note 5 for more information on mortgage dollar rolls.

<sup>8</sup> Rates do not include the fund's portfolio activity with respect to any Central Funds.

Refer to the notes to financial statements.

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| | |
|:---|:---|
| Capital Income Builder | **66** |

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Report of Independent Registered Public Accounting Firm

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To the Board of Trustees and Shareholders of Capital Income Builder

**Opinion on the Financial Statements**

We have audited the accompanying statement of assets and liabilities, including the investment portfolio, of Capital Income Builder (the "Fund") as of October 31, 2025, the related statement of operations for the year ended October 31, 2025, the statements of changes in net assets for each of the two years in the period ended October 31, 2025, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2025 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2025, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2025 and the financial highlights for each of the five years in the period ended October 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2025 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Los Angeles, California

December 11, 2025

We have served as the auditor of one or more investment companies in The Capital Group group of investment companies since 1934.

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| | |
|:---|:---|
| **67** | Capital Income Builder |

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Tax informationunaudited

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We are required to advise you of the federal tax status of certain distributions received by shareholders during the fiscal year. The fund hereby designates the following amounts for the fund's fiscal year ended October 31, 2025:

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| | |
|:---|:---|
| Long-term capital gains | $2727839000 |
| Qualified dividend income | $2779346000 |
| Section 199A dividends | $130640000 |
| Section 163(j) interest dividends | $1146527000 |
| Corporate dividends received deduction | $1247881000 |
| U.S. government income that may be exempt from state taxation | $467715000 |

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**Individual shareholders should refer to their Form 1099 or other tax information, which will be mailed in January 2026, to determine the *calendar year* amounts to be included on their 2025 tax returns. Shareholders should consult their tax advisors.**

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| | |
|:---|:---|
| Capital Income Builder | **68** |

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Changes in and disagreements with accountants

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None

Matters submitted for shareholder vote

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None

Remuneration paid to directors, officers and others

------

Refer to the trustees' deferred compensation disclosure in the notes to financial statements.

Approval of Investment Advisory and Service Agreement

------

Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

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| | |
|:---|:---|
| **69** | Capital Income Builder |

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#### ITEM 8 - Changes in and Disagreements with Accountants for Open-End Management Investment Companies
None

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#### ITEM 9 - Proxy Disclosures for Open-End Management Investment Companies
None

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#### ITEM 10 - Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
The information is included as part of the material filed under Item 7 of this Form within the trustees' deferred compensation disclosure in the notes to financial statements.

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#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
Not applicable for the current reporting period due to the timing of the board's approval of this agreement.

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#### ITEM 12 - Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 13 - Portfolio Managers of Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 14 - Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 15 - Submission of Matters to a Vote of Security Holders
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's board of trustees since the Registrant last submitted a proxy statement to its shareholders. The procedures are as follows. The Registrant has a nominating and governance committee comprised solely of persons who are not considered ''interested persons'' of the Registrant within the meaning of the Investment Company Act of 1940, as amended. The committee periodically reviews such issues as the board's composition, responsibilities, committees, compensation and other relevant issues, and recommends any appropriate changes to the full board of trustees. The committee also coordinates annual self-assessments of the board and evaluates, selects and nominates independent trustee candidates to the full board of trustees. While the committee normally is able to identify from its own and other resources an ample number of qualified candidates, it will consider shareholder suggestions of persons to be considered as nominees to fill future vacancies on the board. Such suggestions must be sent in writing to the nominating and governance committee of the Registrant, c/o the Registrant's Secretary, and must be accompanied by complete biographical and occupational data on the prospective nominee, along with a written consent of the prospective nominee for consideration of his or her name by the nominating and governance committee.

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#### ITEM 16 - Controls and Procedures
(a) The Registrant's Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant's disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940) as of a date within 90 days of the filing date of this report, that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.

(b) There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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#### ITEM 17 - Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable to this Registrant, insofar as the Registrant is not a closed-end management investment company.

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#### ITEM 18 - Recovery of Erroneously Awarded Compensation
None

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#### ITEM 19 - Exhibits
(a)(1) Code of Ethics - See Item 2

(a)(2) The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Sections [302](cert302.htm) and [906](cert906.htm) of the Sarbanes-Oxley Act of 2002 are attached as exhibits hereto.

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**Capital Income Builder**

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: January 07, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By /s/ Donald H. Rolfe

Donald H. Rolfe,

Principal Executive Officer

Date: January 07, 2026

By /s/ Gregory F. Niland

Gregory F. Niland, Treasurer and

Principal Financial Officer

Date: January 07, 2026

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## Ex-99.Cert

**CERTIFICATION**

I, **Donald H. Rolfe**, certify that:

1. I have reviewed this report on Form N-CSR of **Capital Income Builder**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 07, 2026

<u>/s/ Donald H. Rolfe</u> Donald H. Rolfe, Principal Executive Officer Capital Income Builder

**CERTIFICATION**

I, **Gregory F. Niland**, certify that:

1. I have reviewed this report on Form N-CSR of **Capital Income Builder**;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940) and internal controls over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 07, 2026

<u>/s/ Gregory F. Niland</u> Gregory F. Niland,

Treasurer and Principal Financial Officer

Capital Income Builder

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## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

DONALD H. ROLFE, Principal Executive Officer, and GREGORY F. NILAND, Treasurer and Principal Financial Officer of Capital Income Builder (the "Registrant"), each certify to the best of her or his knowledge that:

1. The Registrant's periodic report on Form N-CSR for the period ended October 31, 2025 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Principal Executive Officer

**Capital Income Builder**

<u>/s/ Donald H. Rolfe</u>

Donald H. Rolfe, Principal Executive Officer

Date: January 07, 2026

Principal Financial Officer

**Capital Income Builder**

<u>/s/ Gregory F. Niland</u>

Gregory F. Niland, Treasurer and Principal Financial Officer

Date: January 07, 2026

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to **Capital Income Builder** and will be retained by **Capital Income Builder** and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

------