# EDGAR Filing Document

**Accession Number:** 0000811968
**File Stem:** 0001145549-25-045873
**Filing Date:** 2025-7
**Character Count:** 405797
**Document Hash:** 53e96e66d62c7cc9dcfe758a653802d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-045873.hdr.sgml**: 20250707

**ACCESSION NUMBER**: 0001145549-25-045873

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 57

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250707

**DATE AS OF CHANGE**: 20250707

**EFFECTIVENESS DATE**: 20250707

**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-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05085
- **FILM NUMBER:** 251107489

**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'? 8ddb409dcccfddf

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

------

&nbsp;&nbsp;&nbsp;&nbsp;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:

#### April 30, 2025
ITEM 1 - Reports to Stockholders

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

## Capital Income Builder <sup>®</sup>
**Class A \| CAIBX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class A | &nbsp;&nbsp;$30 0.59%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class A](images_2051.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFAASRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class C \| CIBCX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class C | &nbsp;&nbsp;$67 1.33%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class C](images_2050.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFCCSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class T \| TCIBX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class T | &nbsp;&nbsp;$17 0.33%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br> mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds (Mutual Funds)](images_2052.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFTTSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class F-1 \| CIBFX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-1 | &nbsp;&nbsp;$33 0.65%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F1](images_2049.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFF1SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class F-2 \| CAIFX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-2 | &nbsp;&nbsp;$19 0.37%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F2](images_2048.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFF2SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class F-3 \| CFIHX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class F-3 | &nbsp;&nbsp;$14 0.27%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class F3](images_2047.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFF3SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-A \| CIRAX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-A | &nbsp;&nbsp;$31 0.61%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529A](images_2038.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5ASRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-C \| CIRCX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-C | &nbsp;&nbsp;$69 1.37%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529C](images_2037.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5CSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-E \| CIREX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-E | &nbsp;&nbsp;$43 0.84%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529E](images_2036.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5ESRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-T \| TCBBX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-T | &nbsp;&nbsp;$19 0.37%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds (Mutual Funds)](images_2052.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5TSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-F-1 \| CIRFX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-1 | &nbsp;&nbsp;$23 0.46%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F1](images_2035.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5FSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-F-2 \| FBCIX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-2 | &nbsp;&nbsp;$18 0.36%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F2](images_2034.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5XSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class 529-F-3 \| FWCBX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class 529-F-3 | &nbsp;&nbsp;$16 0.31%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class 529F3](images_2033.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF5YSRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-1 \| RIRAX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-1 | &nbsp;&nbsp;$69 1.36%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R1](images_2046.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR1SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-2 \| RIRBX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2 | &nbsp;&nbsp;$69 1.36%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R2](images_2045.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR2SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-2E \| RCEEX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-2E | &nbsp;&nbsp;$54 1.07%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R2E](images_2043.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MF2ESRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-3 \| RIRCX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-3 | &nbsp;&nbsp;$46 0.91%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R3](images_2044.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR3SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-4 \| RIREX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-4 | &nbsp;&nbsp;$31 0.61%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R4](images_2042.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR4SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-5E \| RIRHX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5E | &nbsp;&nbsp;$21 0.42%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R5E](images_2040.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFE5SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-5 \| RIRFX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-5 | &nbsp;&nbsp;$16 0.31%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R5](images_2041.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR5SRX-012-0625© 2025 Capital Group. All rights reserved.

![TSR - American Funds Logo](images_2026.jpg)

SEMI-ANNUAL SHAREHOLDER REPORT

**Class R-6 \| RIRGX** for the six months ended April 30, 2025

This semi-annual shareholder report contains important information about Capital Income Builder (the "fund") for the period from November 1, 2024 to April 30, 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 six months?** (based on a hypothetical $10,000 investment)

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Share class** | &nbsp;&nbsp;**Costs of a $10,000 investment** |
| &nbsp;&nbsp;Class R-6 | &nbsp;&nbsp;$14 0.27%<sup>\*</sup> |

---

\*Annualized.

Key fund statistics

---

| | |
|:---|:---|
| Fund net assets (in millions) | $109318 |
| Total number of portfolio holdings | 2214 |
| Portfolio turnover rate including<br>mortgage dollar roll transactions | 25% |
| Portfolio turnover rate excluding mortgage dollar roll transactions | 19% |

---

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

\*Includes derivatives.

Availability of additional information

![TSR - QR Code - American Funds_Class R6](images_2039.jpg)

Scan the QR code to view additional information about the fund, including its prospectus, financial information, holdings and information on proxy voting. Or refer to the web address included at the beginning of this report.

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. MFR6SRX-012-0625© 2025 Capital Group. All rights reserved.

------

#### ITEM 2 - Code of Ethics
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 3 - Audit Committee Financial Expert
Not applicable for filing of semi-annual reports to shareholders.

------

#### ITEM 4 - Principal Accountant Fees and Services
Not applicable for filing of semi-annual reports to shareholders.

------

#### 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

------

![](img6c00dc861.jpg)

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

Financial Statements and Other Information

N-CSR Items 7-11

for the six months ended April 30, 2025

Lit. No. MFGEFP2-012-0625© 2025 Capital Group. All rights reserved.

------

Investment portfolio April 30, 2025unaudited

------

---

| | | | |
|:---|:---|:---|:---|
| Common stocks 74.82% | Common stocks 74.82% | Shares | Value<br> (000)<br>|
| **Financials**<br> **14.53%** |  |  |  |
| **Financials**<br> **14.53%** | JPMorgan Chase & Co. | 6337373 | $1550248 |
| **Financials**<br> **14.53%** | Münchener Rückversicherungs-Gesellschaft AG | 1611863 | 1098161 |
|  | Zurich Insurance Group AG | 1286293 | 907482 |
|  | Morgan Stanley | 7839864 | 904877 |
|  | NatWest Group PLC | 123796572 | 790237 |
|  | ING Groep NV | 33731087 | 654226 |
|  | Intact Financial Corp. | 2563828 | 569394 |
|  | BlackRock, Inc. | 605678 | 553747 |
|  | DBS Group Holdings, Ltd. | 15836331 | 517744 |
|  | Wells Fargo & Co. | 6415758 | 455583 |
|  | PNC Financial Services Group, Inc. | 2487830 | 399769 |
|  | Tokio Marine Holdings, Inc. | 8685100 | 347943 |
|  | American International Group, Inc. | 3923486 | 319843 |
|  | KB Financial Group, Inc. | 4813837 | 305469 |
|  | Banco Bilbao Vizcaya Argentaria, SA | 21668810 | 297846 |
|  | Truist Financial Corp. | 7653211 | 293424 |
|  | Euronext NV | 1707856 | 285803 |
|  | Hana Financial Group, Inc. | 5195821 | 236079 |
|  | BNP Paribas SA | 2722478 | 230094 |
|  | AIA Group, Ltd. | 29871400 | 225681 |
|  | Kaspi.kz JSC | 2447140 | 220283 |
|  | National Bank of Canada | 2492736 | 218933 |
|  | Banco Santander, SA | 29674235 | 209218 |
|  | Sampo Oyj, Class A | 20722475 | 207374 |
|  | TPG, Inc., Class A<sup>1</sup>  | 4393889 | 204096 |
|  | Power Corporation of Canada, subordinate voting shares | 5375335 | 203456 |
|  | East West Bancorp, Inc. | 2348111 | 200881 |
|  | Progressive Corp. | 710458 | 200164 |
|  | 360 ONE WAM, Ltd. | 15880000 | 185450 |
|  | CME Group, Inc., Class A | 667304 | 184897 |
|  | Toronto-Dominion Bank (The) (CAD denominated) | 2876611 | 183810 |
|  | Apollo Asset Management, Inc. | 1334542 | 182138 |
|  | UniCredit SpA | 2854275 | 165050 |
|  | Deutsche Bank AG | 6291388 | 164617 |
|  | Great-West Lifeco, Inc. | 4173932 | 162313 |
|  | 3i Group PLC | 2600363 | 147608 |
|  | Blackstone, Inc. | 996588 | 131261 |
|  | Mizuho Financial Group, Inc. | 5202900 | 130825 |
|  | B3 SA - Brasil, Bolsa, Balcao | 53435130 | 127017 |
|  | Skandinaviska Enskilda Banken AB, Class A | 7875000 | 125431 |
|  | PICC Property and Casualty Co., Ltd., Class H | 65902000 | 122202 |
|  | Webster Financial Corp. | 2520603 | 119224 |
|  | EFG International AG | 7785720 | 117136 |
|  | Samsung Fire & Marine Insurance Co., Ltd. | 394123 | 103673 |
|  | State Street Corp. | 1086789 | 95746 |
|  | Hong Kong Exchanges and Clearing, Ltd. | 2105500 | 93386 |
|  | Standard Chartered PLC | 6411279 | 92870 |
|  | SouthState Corp. | 879727 | 76343 |
|  | Western Union Co. | 7516724 | 74491 |
|  | Bank Central Asia Tbk PT | 127395000 | 68468 |
|  | Marsh & McLennan Cos., Inc. | 291000 | 65612 |
|  | Canadian Imperial Bank of Commerce | 908303 | 57288 |
|  | Patria Investments, Ltd., Class A | 5108139 | 53533 |
|  | Vontobel Holding AG | 724483 | 52221 |
|  | Houlihan Lokey, Inc., Class A | 281141 | 45567 |
|  | Citizens Financial Group, Inc. | 1230400 | 45389 |
|  | Resona Holdings, Inc. | 4442200 | 35547 |
|  | First American Financial Corp. | 514183 | 31267 |
|  | Bank Mandiri (Persero) Tbk PT | 97277314 | 28754 |
|  | Principal Financial Group, Inc. | 138700 | 10285 |
|  | Sberbank of Russia PJSC<sup>2</sup>  | 19327472 | — <br><sup>3</sup><br>|
|  |  |  | 15887474 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Common stocks (continued) | Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Health care**<br> **9.16%** |  |  |  |
| **Health care**<br> **9.16%** | AbbVie, Inc. | 8724821 | $1702213 |
| **Health care**<br> **9.16%** | Abbott Laboratories | 10536707 | 1377674 |
|  | Gilead Sciences, Inc. | 10471634 | 1115648 |
|  | Amgen, Inc. | 3540246 | 1029928 |
|  | Sanofi | 8736763 | 958152 |
|  | AstraZeneca PLC | 6601374 | 946051 |
|  | Medtronic PLC | 6404647 | 542858 |
|  | Novo Nordisk AS, Class B | 7891750 | 525732 |
|  | Bristol-Myers Squibb Co. | 6297163 | 316118 |
|  | UnitedHealth Group, Inc. | 675084 | 277757 |
|  | Takeda Pharmaceutical Co., Ltd. | 7983650 | 244141 |
|  | Merck & Co., Inc. | 2121630 | 180763 |
|  | EssilorLuxottica SA | 548518 | 157514 |
|  | CVS Health Corp. | 2358062 | 157306 |
|  | EBOS Group, Ltd. | 5271813 | 115605 |
|  | Roche Holding AG, nonvoting non-registered shares | 352144 | 114873 |
|  | Novartis AG | 679255 | 76897 |
|  | GSK PLC | 3240408 | 64002 |
|  | Sandoz Group AG | 1387511 | 60136 |
|  | Royalty Pharma PLC, Class A | 1712242 | 56196 |
|  | Endo, Inc., 1L 6.875% Escrow<sup>2,4</sup>  | 225000 | — <br><sup>3</sup><br>|
|  |  |  | 10019564 |
| **Consumer staples**<br> **9.10%** |  |  |  |
| **Consumer staples**<br> **9.10%** | Philip Morris International, Inc. | 17532048 | 3004292 |
| **Consumer staples**<br> **9.10%** | British American Tobacco PLC | 36650550 | 1590290 |
|  | British American Tobacco PLC (ADR) | 3041264 | 132447 |
|  | Mondelez International, Inc., Class A | 15540612 | 1058782 |
|  | Imperial Brands PLC | 15620850 | 639980 |
|  | Nestle SA | 5472958 | 582501 |
|  | ITC, Ltd. | 64671320 | 326176 |
|  | Danone SA | 3393556 | 292030 |
|  | Altria Group, Inc. | 4407100 | 260680 |
|  | Sysco Corp. | 3582084 | 255761 |
|  | Coca-Cola Co. | 3158427 | 229144 |
|  | Carlsberg A/S, Class B | 1629668 | 222529 |
|  | Kimberly-Clark Corp. | 1457945 | 192128 |
|  | General Mills, Inc. | 3192873 | 181164 |
|  | PepsiCo, Inc. | 1161149 | 157429 |
|  | WH Group, Ltd. | 148814000 | 133767 |
|  | Suntory Beverage & Food, Ltd. | 3822600 | 133476 |
|  | Procter & Gamble Co. | 740943 | 120455 |
|  | Unilever PLC | 1204545 | 76451 |
|  | Dollar General Corp. | 768000 | 71954 |
|  | Lamb Weston Holdings, Inc. | 1318796 | 69646 |
|  | Molson Coors Beverage Co., Class B, restricted voting shares | 1108000 | 63743 |
|  | Anheuser-Busch InBev SA/NV | 867244 | 56955 |
|  | Pernod Ricard SA | 416880 | 45052 |
|  | Constellation Brands, Inc., Class A | 145944 | 27370 |
|  | Scandinavian Tobacco Group A/S | 1675548 | 24431 |
|  |  |  | 9948633 |
| **Industrials**<br> **8.80%** |  |  |  |
| **Industrials**<br> **8.80%** | RTX Corp. | 14850972 | 1873153 |
| **Industrials**<br> **8.80%** | Volvo AB, Class B | 24886522 | 684269 |
|  | Siemens AG | 2697148 | 618460 |
|  | Deutsche Post AG | 13499284 | 574017 |
|  | BAE Systems PLC | 22151041 | 509137 |
|  | RELX PLC | 8202576 | 446933 |
|  | Honeywell International, Inc. | 1922191 | 404621 |
|  | Paychex, Inc. | 2737460 | 402735 |
|  | Mitsubishi Corp. | 19504700 | 370851 |
|  | Singapore Technologies Engineering, Ltd. | 53849128 | 305895 |
|  | Marubeni Corp. | 15791600 | 280048 |
|  | FedEx Corp. | 1312249 | 276005 |
|  | Automatic Data Processing, Inc. | 904496 | 271892 |
|  | Broadridge Financial Solutions, Inc. | 978041 | 237077 |
|  | Carrier Global Corp. | 3249102 | 203199 |

---

Capital Income Builder<sub>2</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Common stocks (continued) | Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Industrials**<br> **(continued)** |  |  |  |
| **Industrials**<br> **(continued)** | Union Pacific Corp. | 910643 | $196389 |
| **Industrials**<br> **(continued)** | Northrop Grumman Corp. | 368644 | 179345 |
|  | Canadian National Railway Co. (CAD denominated) | 1730004 | 167542 |
|  | ITOCHU Corp. | 3094600 | 158344 |
|  | Airbus SE, non-registered shares | 945100 | 158232 |
|  | Bureau Veritas SA | 4418654 | 139362 |
|  | Robert Half, Inc. | 3071342 | 136061 |
|  | Logista Integral SA, non-registered shares | 3121898 | 106749 |
|  | Epiroc AB, Class A | 4450000 | 95401 |
|  | Epiroc AB, Class B | 377641 | 7465 |
|  | Trinity Industries, Inc. | 3783225 | 94959 |
|  | Localiza Rent a Car SA, ordinary nominative shares | 12466800 | 94372 |
|  | Schneider Electric SE | 376858 | 88305 |
|  | UL Solutions, Inc., Class A | 1484315 | 84888 |
|  | SGS SA | 832735 | 81431 |
|  | Transurban Group | 8755955 | 79140 |
|  | Sulzer AG | 401509 | 67700 |
|  | PACCAR, Inc. | 543833 | 49059 |
|  | ABB, Ltd. | 918342 | 48614 |
|  | Computershare Ltd. | 1731596 | 45328 |
|  | Trelleborg AB, Class B | 1269233 | 44247 |
|  | Brambles, Ltd. | 2880350 | 37937 |
|  |  |  | 9619162 |
| **Information**<br> **technology**<br> **8.14%** |  |  |  |
| **Information**<br> **technology**<br> **8.14%** | Broadcom, Inc. | 18396983 | 3540870 |
| **Information**<br> **technology**<br> **8.14%** | Taiwan Semiconductor Manufacturing Co., Ltd. | 59548820 | 1697509 |
| **Information**<br> **technology**<br> **8.14%** | Microsoft Corp. | 3530802 | 1395585 |
|  | Accenture PLC, Class A | 1693585 | 506636 |
|  | SAP SE | 962564 | 278399 |
|  | Texas Instruments, Inc. | 1591237 | 254677 |
|  | Seagate Technology Holdings PLC | 2473413 | 225155 |
|  | Tokyo Electron, Ltd. | 1380600 | 205783 |
|  | KLA Corp. | 283994 | 199560 |
|  | HCL Technologies, Ltd. | 10053467 | 186737 |
|  | MediaTek, Inc. | 3740000 | 158486 |
|  | TDK Corp. | 10376235 | 110857 |
|  | Analog Devices, Inc. | 536200 | 104516 |
|  | Capgemini SE<sup>1</sup>  | 181938 | 28943 |
|  |  |  | 8893713 |
| **Utilities**<br> **5.67%** |  |  |  |
| **Utilities**<br> **5.67%** | National Grid PLC | 43359387 | 626767 |
| **Utilities**<br> **5.67%** | Iberdrola, SA, non-registered shares | 29160027 | 525705 |
|  | Pinnacle West Capital Corp. | 5411141 | 515033 |
|  | E.ON SE | 28687119 | 501983 |
|  | Dominion Energy, Inc. | 9213908 | 501052 |
|  | Engie SA | 23410745 | 483321 |
|  | CenterPoint Energy, Inc. | 10068263 | 390447 |
|  | DTE Energy Co. | 2809689 | 384927 |
|  | SSE PLC | 16978437 | 383623 |
|  | Duke Energy Corp. | 2452920 | 299305 |
|  | Southern Co. (The) | 3076756 | 282723 |
|  | Entergy Corp. | 2803588 | 233175 |
|  | Sempra | 2950359 | 219123 |
|  | Atmos Energy Corp. | 1178769 | 189346 |
|  | Power Grid Corporation of India, Ltd. | 46112774 | 167923 |
|  | Enel SpA | 17205158 | 149076 |
|  | SembCorp Industries, Ltd. | 20005900 | 101253 |
|  | AES Corp. | 9949432 | 99494 |
|  | Edison International | 1561941 | 83580 |
|  | Power Assets Holdings, Ltd. | 9434000 | 62464 |
|  | Light SA, units<sup>4</sup>  | 604926 | 278 |
|  |  |  | 6200598 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Common stocks (continued) | Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Energy**<br> **4.76%** |  |  |  |
| **Energy**<br> **4.76%** | Exxon Mobil Corp. | 10340542 | $1092272 |
| **Energy**<br> **4.76%** | Canadian Natural Resources, Ltd. (CAD denominated) | 25712066 | 737828 |
|  | TC Energy Corp. (CAD denominated) | 14560645 | 735637 |
|  | Shell PLC (GBP denominated) | 13870804 | 443800 |
|  | Shell PLC (ADR) | 738100 | 47593 |
|  | TotalEnergies SE | 6456759 | 366158 |
|  | EOG Resources, Inc. | 3160674 | 348717 |
|  | ConocoPhillips | 3502719 | 312162 |
|  | South Bow Corp.<sup>1,5</sup>  | 11819169 | 291921 |
|  | BP PLC | 52442530 | 239849 |
|  | EQT Corp. | 4688561 | 231803 |
|  | Chevron Corp. | 1357158 | 184655 |
|  | DT Midstream, Inc. | 760862 | 73956 |
|  | Cenovus Energy, Inc. | 4465883 | 52563 |
|  | Schlumberger NV | 1315399 | 43737 |
|  | New Fortress Energy, Inc., Class A<sup>4,6</sup>  | 188740 | 1025 |
|  | Constellation Oil Services Holding SA (NDR)<sup>4</sup>  | 920550 | 420 |
|  |  |  | 5204096 |
| **Consumer**<br> **discretionary**<br> **4.65%** |  |  |  |
| **Consumer**<br> **discretionary**<br> **4.65%** | McDonald's Corp. | 2676992 | 855701 |
| **Consumer**<br> **discretionary**<br> **4.65%** | Home Depot, Inc. | 1473499 | 531182 |
| **Consumer**<br> **discretionary**<br> **4.65%** | Industria de Diseno Textil, SA | 7564497 | 407153 |
|  | LVMH Moet Hennessy-Louis Vuitton SE | 598156 | 330079 |
|  | YUM! Brands, Inc. | 2149527 | 323375 |
|  | Starbucks Corp. | 3718555 | 297670 |
|  | Midea Group Co., Ltd., Class A | 29138406 | 295663 |
|  | Darden Restaurants, Inc. | 1369610 | 274799 |
|  | Compagnie Generale des Etablissements Michelin | 6944911 | 252964 |
|  | Amadeus IT Group SA, Class A, non-registered shares | 2526739 | 198595 |
|  | Tractor Supply Co. | 3110997 | 157479 |
|  | NEXT PLC | 952731 | 157076 |
|  | Aristocrat Leisure, Ltd. | 3645435 | 156303 |
|  | Evolution AB | 2216128 | 155303 |
|  | Compagnie Financière Richemont SA, Class A | 842806 | 148286 |
|  | Vail Resorts, Inc. | 940068 | 130857 |
|  | Restaurant Brands International, Inc. | 1991558 | 128256 |
|  | Galaxy Entertainment Group, Ltd. | 21218000 | 77705 |
|  | Las Vegas Sands Corp. | 1459663 | 53526 |
|  | Stellantis NV | 5518229 | 50956 |
|  | OPAP SA | 1967863 | 43886 |
|  | Jumbo SA | 1061844 | 33608 |
|  | International Game Technology PLC | 1310302 | 21489 |
|  |  |  | 5081911 |
| **Real estate**<br> **3.73%** |  |  |  |
| **Real estate**<br> **3.73%** | VICI Properties, Inc. REIT | 48891459 | 1565505 |
| **Real estate**<br> **3.73%** | Welltower, Inc. REIT | 2996005 | 457160 |
|  | Prologis, Inc. REIT | 2823536 | 288565 |
|  | Extra Space Storage, Inc. REIT | 1728944 | 253325 |
|  | American Tower Corp. REIT | 1058193 | 238527 |
|  | Rexford Industrial Realty, Inc. REIT | 6504656 | 215304 |
|  | Public Storage REIT | 468002 | 140602 |
|  | Mindspace Business Parks REIT | 29892332 | 136135 |
|  | CTP NV<sup>1</sup>  | 6244020 | 117685 |
|  | Equinix, Inc. REIT | 126200 | 108627 |
|  | Link REIT | 22317452 | 104645 |
|  | CK Asset Holdings, Ltd. | 24301734 | 99958 |
|  | SBA Communications Corp. REIT, Class A | 355374 | 86498 |
|  | UDR, Inc. REIT | 1732565 | 72560 |
|  | Sun Communities, Inc. REIT | 430663 | 53587 |
|  | Embassy Office Parks REIT | 10653487 | 48148 |
|  | Longfor Group Holdings, Ltd.<sup>1</sup>  | 27189658 | 36853 |
|  | Lineage, Inc. REIT | 757627 | 36540 |
|  | Digital Realty Trust, Inc. REIT | 53000 | 8509 |
|  | Kimco Realty Corp. REIT | 295754 | 5909 |
|  |  |  | 4074642 |

---

Capital Income Builder<sub>4</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Common stocks (continued) | Common stocks (continued) | Shares | Value<br> (000)<br>|
| **Communication**<br> **services**<br> **3.28%** |  |  |  |
| **Communication**<br> **services**<br> **3.28%** | Singapore Telecommunications, Ltd. | 258777400 | $750091 |
| **Communication**<br> **services**<br> **3.28%** | Publicis Groupe SA<sup>1</sup>  | 4111616 | 416775 |
| **Communication**<br> **services**<br> **3.28%** | T-Mobile US, Inc. | 1547565 | 382171 |
|  | AT&T, Inc. | 13331195 | 369274 |
|  | Deutsche Telekom AG | 10148928 | 364173 |
|  | Koninklijke KPN NV | 65724056 | 305294 |
|  | Comcast Corp., Class A | 8847440 | 302583 |
|  | Verizon Communications, Inc. | 4903006 | 216026 |
|  | NetEase, Inc. | 6461200 | 138884 |
|  | America Movil, SAB de CV, Class B (ADR) | 6231217 | 107426 |
|  | HKT Trust and HKT, Ltd., units | 73257460 | 104370 |
|  | Omnicom Group, Inc. | 931500 | 70943 |
|  | Swisscom AG<sup>4</sup>  | 42587 | 28377 |
|  | Telkom Indonesia (Persero) Tbk PT, Class B | 175000000 | 27899 |
|  |  |  | 3584286 |
| **Materials**<br> **3.00%** |  |  |  |
| **Materials**<br> **3.00%** | Air Products and Chemicals, Inc. | 1947282 | 527889 |
| **Materials**<br> **3.00%** | Rio Tinto PLC | 8659878 | 516333 |
|  | Smurfit Westrock PLC | 9199651 | 386569 |
|  | Shin-Etsu Chemical Co., Ltd. | 10286800 | 312519 |
|  | Linde PLC | 633983 | 287340 |
|  | Nitto Denko Corp. | 16291527 | 285786 |
|  | Vale SA, ordinary nominative shares | 13367000 | 124504 |
|  | Vale SA (ADR), ordinary nominative shares | 6898935 | 64229 |
|  | Anglo American PLC | 5993042 | 162355 |
|  | International Paper Co. | 2023780 | 92446 |
|  | BASF SE | 1787428 | 90673 |
|  | Antofagasta PLC | 3560015 | 78544 |
|  | Dow, Inc. | 2427086 | 74245 |
|  | Eastman Chemical Co. | 827250 | 63698 |
|  | Barrick Gold Corp. | 2491653 | 47441 |
|  | Evonik Industries AG | 2108724 | 47211 |
|  | Givaudan SA | 8390 | 40474 |
|  | Air Liquide SA | 192264 | 39551 |
|  | BHP Group, Ltd. (CDI)<sup>1</sup>  | 1485576 | 35157 |
|  |  |  | 3276964 |
|  | **Total common stocks** (cost: $56,675,568,000) |  | 81791043 |
| Preferred securities 0.01% | Preferred securities 0.01% |  |  |
| **Financials**<br> **0.01%** |  |  |  |
| **Financials**<br> **0.01%** | CoBank, ACB, Class E, 5.652% perpetual noncumulative preferred shares<sup>7</sup>  | 13000 | 10530 |
| **Financials**<br> **0.01%** | **Total preferred securities** (cost: $13,000,000) |  | 10530 |
| Convertible stocks 0.41% | Convertible stocks 0.41% |  |  |
| **Utilities**<br> **0.15%** |  |  |  |
| **Utilities**<br> **0.15%** | NextEra Energy, Inc., noncumulative convertible preferred units, 6.926% 9/1/2025 | 2636200 | 101494 |
| **Utilities**<br> **0.15%** | PG&E Corp., Class A, convertible preferred shares, 6.00% 12/1/2027 | 1416100 | 61586 |
|  |  |  | 163080 |
| **Information**<br> **technology**<br> **0.15%** |  |  |  |
| **Information**<br> **technology**<br> **0.15%** | Microchip Technology, Inc., Series A, <br>cumulative convertible preferred depositary shares, 7.75% 3/15/2028 | 3410517 | 161863 |
| **Information**<br> **technology**<br> **0.15%** |  |  |  |
| **Information**<br> **technology**<br> **0.15%** |  |  |  |
| **Materials**<br> **0.07%** |  |  |  |
| **Materials**<br> **0.07%** | Albemarle Corp., Class A, cumulative convertible preferred depositary shares, <br>7.25% 3/1/2027 | 2308879 | 70721 |
| **Materials**<br> **0.07%** |  |  |  |
| **Financials**<br> **0.04%** |  |  |  |
| **Financials**<br> **0.04%** | KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028 | 1000000 | 47930 |
| **Financials**<br> **0.04%** | **Total convertible stocks** (cost: $485,718,000) |  | 443594 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Convertible bonds & notes 0.00% | Convertible bonds & notes 0.00% | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Information**<br> **technology**<br> **0.00%** |  |  |  |
| **Information**<br> **technology**<br> **0.00%** | Microstrategy, Inc., convertible notes, 0% 12/1/2029<sup>7</sup>  | USD1,200 | $1097 |
| **Information**<br> **technology**<br> **0.00%** | **Total convertible bonds & notes** (cost: $983,000) |  | 1097 |
| **Information**<br> **technology**<br> **0.00%** |  |  |  |
| Bonds, notes & other debt instruments 15.13% | Bonds, notes & other debt instruments 15.13% |  |  |
| **Mortgage-backed obligations 6.14%** | **Mortgage-backed obligations 6.14%** | **Mortgage-backed obligations 6.14%** | **Mortgage-backed obligations 6.14%** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **5.47%** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **5.47%** | Fannie Mae Pool #394854 6.50% 5/1/2027<sup>8</sup>  | 2 | 2 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **5.47%** | Fannie Mae Pool #256821 6.50% 7/1/2027<sup>8</sup>  | 6 | 6 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **5.47%** | Fannie Mae Pool #257145 6.50% 3/1/2028<sup>8</sup>  | 1 | 1 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **5.47%** | Fannie Mae Pool #AX9959 3.50% 12/1/2029<sup>8</sup>  | 114 | 112 |
|  | Fannie Mae Pool #BA2999 3.50% 11/1/2030<sup>8</sup>  | 124 | 122 |
|  | Fannie Mae Pool #659096 6.50% 8/1/2032<sup>8</sup>  | 1 | 1 |
|  | Fannie Mae Pool #683351 5.50% 2/1/2033<sup>8</sup>  | 52 | 53 |
|  | Fannie Mae Pool #CA1299 3.50% 3/1/2033<sup>8</sup>  | 60 | 59 |
|  | Fannie Mae Pool #MA3438 3.50% 8/1/2033<sup>8</sup>  | 163 | 161 |
|  | Fannie Mae Pool #MA3658 3.50% 5/1/2034<sup>8</sup>  | 248 | 241 |
|  | Fannie Mae Pool #CA4490 3.50% 8/1/2034<sup>8</sup>  | 344 | 334 |
|  | Fannie Mae Pool #FM2499 2.50% 2/1/2035<sup>8</sup>  | 58600 | 55078 |
|  | Fannie Mae Pool #MA4361 2.50% 6/1/2036<sup>8</sup>  | 1620 | 1511 |
|  | Fannie Mae Pool #887695 6.00% 6/1/2036<sup>8</sup>  | 933 | 977 |
|  | Fannie Mae Pool #MA4404 2.50% 8/1/2036<sup>8</sup>  | 289 | 269 |
|  | Fannie Mae Pool #894308 6.00% 10/1/2036<sup>8</sup>  | 148 | 151 |
|  | Fannie Mae Pool #902164 6.00% 11/1/2036<sup>8</sup>  | 764 | 800 |
|  | Fannie Mae Pool #902503 6.00% 11/1/2036<sup>8</sup>  | 417 | 435 |
|  | Fannie Mae Pool #BU3910 2.50% 12/1/2036<sup>8</sup>  | 18 | 17 |
|  | Fannie Mae Pool #903076 6.00% 12/1/2036<sup>8</sup>  | 1007 | 1054 |
|  | Fannie Mae Pool #AD0249 5.50% 4/1/2037<sup>8</sup>  | 69 | 71 |
|  | Fannie Mae Pool #BW0516 2.50% 5/1/2037<sup>8</sup>  | 3027 | 2815 |
|  | Fannie Mae Pool #BW0488 2.50% 5/1/2037<sup>8</sup>  | 945 | 878 |
|  | Fannie Mae Pool #AS9772 3.50% 6/1/2037<sup>8</sup>  | 26 | 25 |
|  | Fannie Mae Pool #CB4285 2.50% 7/1/2037<sup>8</sup>  | 6759 | 6287 |
|  | Fannie Mae Pool #966172 7.00% 7/1/2037<sup>8</sup>  | 117 | 120 |
|  | Fannie Mae Pool #256845 6.50% 8/1/2037<sup>8</sup>  | 45 | 47 |
|  | Fannie Mae Pool #256960 6.50% 11/1/2037<sup>8</sup>  | 232 | 244 |
|  | Fannie Mae Pool #FS3558 2.50% 2/1/2038<sup>8</sup>  | 91 | 85 |
|  | Fannie Mae Pool #257137 7.00% 3/1/2038<sup>8</sup>  | 17 | 18 |
|  | Fannie Mae Pool #963269 5.50% 5/1/2038<sup>8</sup>  | 745 | 759 |
|  | Fannie Mae Pool #963341 5.50% 5/1/2038<sup>8</sup>  | 241 | 245 |
|  | Fannie Mae Pool #963454 5.50% 6/1/2038<sup>8</sup>  | 748 | 762 |
|  | Fannie Mae Pool #963796 5.50% 6/1/2038<sup>8</sup>  | 232 | 234 |
|  | Fannie Mae Pool #929964 6.00% 9/1/2038<sup>8</sup>  | 352 | 369 |
|  | Fannie Mae Pool #FS2490 5.50% 10/1/2038<sup>8</sup>  | 19 | 19 |
|  | Fannie Mae Pool #FM3708 5.50% 10/1/2038<sup>8</sup>  | 9 | 9 |
|  | Fannie Mae Pool #FS2101 5.50% 10/1/2038<sup>8</sup>  | 3 | 3 |
|  | Fannie Mae Pool #970772 5.50% 11/1/2038<sup>8</sup>  | 28 | 29 |
|  | Fannie Mae Pool #AE0392 5.50% 12/1/2039<sup>8</sup>  | 48 | 49 |
|  | Fannie Mae Pool #AL4324 6.50% 5/1/2040<sup>8</sup>  | 5 | 5 |
|  | Fannie Mae Pool #AL0152 6.00% 6/1/2040<sup>8</sup>  | 2559 | 2680 |
|  | Fannie Mae Pool #AE8073 4.00% 12/1/2040<sup>8</sup>  | 155 | 149 |
|  | Fannie Mae Pool #MA4364 2.00% 6/1/2041<sup>8</sup>  | 73987 | 63715 |
|  | Fannie Mae Pool #AL1571 5.00% 6/1/2041<sup>8</sup>  | 2024 | 2043 |
|  | Fannie Mae Pool #AL0913 6.00% 7/1/2041<sup>8</sup>  | 1810 | 1896 |
|  | Fannie Mae Pool #AJ0257 4.00% 9/1/2041<sup>8</sup>  | 53 | 51 |
|  | Fannie Mae Pool #AJ4154 4.00% 11/1/2041<sup>8</sup>  | 160 | 154 |
|  | Fannie Mae Pool #AB4050 4.00% 12/1/2041<sup>8</sup>  | 301 | 291 |
|  | Fannie Mae Pool #AJ4189 4.00% 12/1/2041<sup>8</sup>  | 179 | 173 |
|  | Fannie Mae Pool #AJ9165 4.00% 1/1/2042<sup>8</sup>  | 4375 | 4226 |
|  | Fannie Mae Pool #890407 4.00% 2/1/2042<sup>8</sup>  | 431 | 416 |
|  | Fannie Mae Pool #AL2745 4.00% 3/1/2042<sup>8</sup>  | 1239 | 1197 |
|  | Fannie Mae Pool #AO6721 4.00% 6/1/2042<sup>8</sup>  | 7734 | 7466 |
|  | Fannie Mae Pool #AO1820 4.00% 6/1/2042<sup>8</sup>  | 784 | 758 |
|  | Fannie Mae Pool #890445 4.00% 7/1/2042<sup>8</sup>  | 968 | 935 |
|  | Fannie Mae Pool #AS0831 4.50% 10/1/2043<sup>8</sup>  | 307 | 303 |
|  | Fannie Mae Pool #AW4156 4.00% 5/1/2044<sup>8</sup>  | 1724 | 1646 |
|  | Fannie Mae Pool #AW4026 4.00% 6/1/2044<sup>8</sup>  | 1727 | 1665 |
|  | Fannie Mae Pool #AX2782 4.00% 9/1/2044<sup>8</sup>  | 2370 | 2256 |

---

Capital Income Builder<sub>6</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #AY1313 4.00% 3/1/2045<sup>8</sup>  | USD4,366 | $4161 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #AS6840 4.00% 3/1/2046<sup>8</sup>  | 4515 | 4296 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #AL8522 3.50% 5/1/2046<sup>8</sup>  | 730 | 674 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #BC8719 4.00% 6/1/2046<sup>8</sup>  | 1799 | 1707 |
|  | Fannie Mae Pool #BC8720 4.00% 6/1/2046<sup>8</sup>  | 1473 | 1401 |
|  | Fannie Mae Pool #AS7598 4.00% 7/1/2046<sup>8</sup>  | 4348 | 4124 |
|  | Fannie Mae Pool #BD1967 4.00% 7/1/2046<sup>8</sup>  | 1603 | 1520 |
|  | Fannie Mae Pool #BD5477 4.00% 7/1/2046<sup>8</sup>  | 34 | 32 |
|  | Fannie Mae Pool #MA2691 4.50% 7/1/2046<sup>8</sup>  | 747 | 730 |
|  | Fannie Mae Pool #AS7759 4.00% 8/1/2046<sup>8</sup>  | 10073 | 9563 |
|  | Fannie Mae Pool #AS7760 4.00% 8/1/2046<sup>8</sup>  | 4446 | 4219 |
|  | Fannie Mae Pool #AS7939 4.00% 9/1/2046<sup>8</sup>  | 6597 | 6257 |
|  | Fannie Mae Pool #AL9190 4.00% 9/1/2046<sup>8</sup>  | 1230 | 1167 |
|  | Fannie Mae Pool #BC4712 4.00% 10/1/2046<sup>8</sup>  | 3623 | 3436 |
|  | Fannie Mae Pool #BC4801 4.00% 11/1/2046<sup>8</sup>  | 2467 | 2341 |
|  | Fannie Mae Pool #BM3288 3.50% 12/1/2046<sup>8</sup>  | 19 | 18 |
|  | Fannie Mae Pool #MA2907 4.00% 2/1/2047<sup>8</sup>  | 22 | 21 |
|  | Fannie Mae Pool #AS9313 4.00% 3/1/2047<sup>8</sup>  | 3505 | 3322 |
|  | Fannie Mae Pool #BE3229 4.00% 3/1/2047<sup>8</sup>  | 1482 | 1400 |
|  | Fannie Mae Pool #BD7165 4.00% 4/1/2047<sup>8</sup>  | 21 | 20 |
|  | Fannie Mae Pool #AS9454 4.00% 4/1/2047<sup>8</sup>  | 13 | 12 |
|  | Fannie Mae Pool #BM4187 4.50% 5/1/2047<sup>8</sup>  | 12491 | 12297 |
|  | Fannie Mae Pool #BH2491 4.00% 6/1/2047<sup>8</sup>  | 1862 | 1763 |
|  | Fannie Mae Pool #MA3058 4.00% 7/1/2047<sup>8</sup>  | 2373 | 2246 |
|  | Fannie Mae Pool #CA0243 4.50% 8/1/2047<sup>8</sup>  | 12034 | 11728 |
|  | Fannie Mae Pool #BJ1668 4.00% 12/1/2047<sup>8</sup>  | 2033 | 1916 |
|  | Fannie Mae Pool #MA3211 4.00% 12/1/2047<sup>8</sup>  | 439 | 415 |
|  | Fannie Mae Pool #BJ2751 4.50% 5/1/2048<sup>8</sup>  | 5940 | 5786 |
|  | Fannie Mae Pool #CA2033 4.00% 7/1/2048<sup>8</sup>  | 8780 | 8278 |
|  | Fannie Mae Pool #CA2157 4.00% 8/1/2048<sup>8</sup>  | 16759 | 15806 |
|  | Fannie Mae Pool #BF0320 5.50% 1/1/2049<sup>8</sup>  | 9824 | 10111 |
|  | Fannie Mae Pool #BF0572 5.50% 4/1/2049<sup>8</sup>  | 19865 | 20380 |
|  | Fannie Mae Pool #FM2675 4.00% 6/1/2049<sup>8</sup>  | 4859 | 4585 |
|  | Fannie Mae Pool #FM1262 4.00% 7/1/2049<sup>8</sup>  | 14047 | 13244 |
|  | Fannie Mae Pool #CA4819 4.00% 12/1/2049<sup>8</sup>  | 6845 | 6454 |
|  | Fannie Mae Pool #FS5313 3.50% 1/1/2050<sup>8</sup>  | 184135 | 168936 |
|  | Fannie Mae Pool #CA5216 3.00% 2/1/2050<sup>8</sup>  | 13613 | 12002 |
|  | Fannie Mae Pool #CA5226 3.00% 2/1/2050<sup>8</sup>  | 5494 | 4844 |
|  | Fannie Mae Pool #FM2676 4.00% 3/1/2050<sup>8</sup>  | 4500 | 4243 |
|  | Fannie Mae Pool #FS3189 4.00% 4/1/2050<sup>8</sup>  | 32565 | 30728 |
|  | Fannie Mae Pool #CA6079 2.50% 6/1/2050<sup>8</sup>  | 17 | 14 |
|  | Fannie Mae Pool #CA6309 3.00% 7/1/2050<sup>8</sup>  | 27301 | 24336 |
|  | Fannie Mae Pool #CA6349 3.00% 7/1/2050<sup>8</sup>  | 10962 | 9578 |
|  | Fannie Mae Pool #CA6740 3.00% 8/1/2050<sup>8</sup>  | 6274 | 5483 |
|  | Fannie Mae Pool #BQ1607 2.50% 9/1/2050<sup>8</sup>  | 17 | 14 |
|  | Fannie Mae Pool #CA7048 3.00% 9/1/2050<sup>8</sup>  | 3688 | 3245 |
|  | Fannie Mae Pool #CA7052 3.00% 9/1/2050<sup>8</sup>  | 1035 | 909 |
|  | Fannie Mae Pool #CA7381 3.00% 10/1/2050<sup>8</sup>  | 9940 | 8684 |
|  | Fannie Mae Pool #FM4897 3.00% 11/1/2050<sup>8</sup>  | 5371 | 4795 |
|  | Fannie Mae Pool #CA8046 3.00% 12/1/2050<sup>8</sup>  | 21339 | 19045 |
|  | Fannie Mae Pool #FM5166 3.00% 12/1/2050<sup>8</sup>  | 6810 | 5951 |
|  | Fannie Mae Pool #FS9792 4.50% 12/1/2050<sup>8</sup>  | 404 | 394 |
|  | Fannie Mae Pool #BR0751 2.50% 1/1/2051<sup>8</sup>  | 1322 | 1101 |
|  | Fannie Mae Pool #FS5929 2.50% 1/1/2051<sup>8</sup>  | 973 | 811 |
|  | Fannie Mae Pool #FM5509 3.00% 1/1/2051<sup>8</sup>  | 10922 | 9620 |
|  | Fannie Mae Pool #BN9135 2.50% 4/1/2051<sup>8</sup>  | 449 | 374 |
|  | Fannie Mae Pool #CB0191 3.00% 4/1/2051<sup>8</sup>  | 13774 | 12039 |
|  | Fannie Mae Pool #CB0193 3.00% 4/1/2051<sup>8</sup>  | 1697 | 1487 |
|  | Fannie Mae Pool #FM7556 3.50% 5/1/2051<sup>8</sup>  | 23 | 21 |
|  | Fannie Mae Pool #FM7909 3.00% 6/1/2051<sup>8</sup>  | 1268 | 1111 |
|  | Fannie Mae Pool #FM8477 3.00% 8/1/2051<sup>8</sup>  | 9615 | 8448 |
|  | Fannie Mae Pool #FM9335 2.50% 10/1/2051<sup>8</sup>  | 531 | 445 |
|  | Fannie Mae Pool #MA4465 2.00% 11/1/2051<sup>8</sup>  | 2693 | 2144 |
|  | Fannie Mae Pool #FM9632 3.00% 11/1/2051<sup>8</sup>  | 36645 | 32152 |
|  | Fannie Mae Pool #FM9631 3.00% 11/1/2051<sup>8</sup>  | 15764 | 13860 |
|  | Fannie Mae Pool #CB2414 3.00% 12/1/2051<sup>8</sup>  | 18152 | 16048 |
|  | Fannie Mae Pool #FS0972 3.50% 1/1/2052<sup>8</sup>  | 17731 | 16291 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #CB2927 2.00% 2/1/2052<sup>8</sup>  | USD901 | $716 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #FS0647 3.00% 2/1/2052<sup>8</sup>  | 11704 | 10331 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #BV4169 2.00% 3/1/2052<sup>8</sup>  | 779 | 619 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #CB3164 2.50% 3/1/2052<sup>8</sup>  | 338 | 282 |
|  | Fannie Mae Pool #CB3063 2.50% 3/1/2052<sup>8</sup>  | 129 | 108 |
|  | Fannie Mae Pool #FS0752 3.00% 3/1/2052<sup>8</sup>  | 44560 | 39106 |
|  | Fannie Mae Pool #BV6656 3.00% 3/1/2052<sup>8</sup>  | 29 | 26 |
|  | Fannie Mae Pool #CB3179 3.50% 3/1/2052<sup>8</sup>  | 23524 | 21388 |
|  | Fannie Mae Pool #CB3354 2.50% 4/1/2052<sup>8</sup>  | 391 | 325 |
|  | Fannie Mae Pool #BV8126 2.50% 4/1/2052<sup>8</sup>  | 319 | 267 |
|  | Fannie Mae Pool #BV4659 2.50% 4/1/2052<sup>8</sup>  | 245 | 204 |
|  | Fannie Mae Pool #CB3379 4.00% 4/1/2052<sup>8</sup>  | 334 | 313 |
|  | Fannie Mae Pool #BV7787 2.50% 5/1/2052<sup>8</sup>  | 327 | 273 |
|  | Fannie Mae Pool #MA4598 2.50% 5/1/2052<sup>8</sup>  | 218 | 182 |
|  | Fannie Mae Pool #BV9818 2.50% 5/1/2052<sup>8</sup>  | 145 | 121 |
|  | Fannie Mae Pool #FS2009 3.00% 5/1/2052<sup>8</sup>  | 39 | 35 |
|  | Fannie Mae Pool #MA4626 4.00% 6/1/2052<sup>8</sup>  | 1795 | 1677 |
|  | Fannie Mae Pool #CB4021 4.00% 6/1/2052<sup>8</sup>  | 677 | 633 |
|  | Fannie Mae Pool #MA4711 5.50% 7/1/2052<sup>8</sup>  | 45 | 45 |
|  | Fannie Mae Pool #BW5402 5.50% 7/1/2052<sup>8</sup>  | 41 | 41 |
|  | Fannie Mae Pool #CB4145 5.50% 7/1/2052<sup>8</sup>  | 38 | 39 |
|  | Fannie Mae Pool #BV8976 5.00% 8/1/2052<sup>8</sup>  | 4353 | 4300 |
|  | Fannie Mae Pool #CB4418 5.50% 8/1/2052<sup>8</sup>  | 95 | 95 |
|  | Fannie Mae Pool #BW9206 5.50% 8/1/2052<sup>8</sup>  | 54 | 55 |
|  | Fannie Mae Pool #CB4421 5.50% 8/1/2052<sup>8</sup>  | 29 | 29 |
|  | Fannie Mae Pool #FS2805 2.50% 9/1/2052<sup>8</sup>  | 657 | 547 |
|  | Fannie Mae Pool #BW9049 4.50% 9/1/2052<sup>8</sup>  | 113 | 109 |
|  | Fannie Mae Pool #BW7372 5.50% 9/1/2052<sup>8</sup>  | 91 | 91 |
|  | Fannie Mae Pool #BX1322 5.50% 9/1/2052<sup>8</sup>  | 57 | 57 |
|  | Fannie Mae Pool #FS3056 2.00% 10/1/2052<sup>8</sup>  | 2247 | 1785 |
|  | Fannie Mae Pool #BV6789 4.00% 10/1/2052<sup>8</sup>  | 571 | 534 |
|  | Fannie Mae Pool #MA4785 5.00% 10/1/2052<sup>8</sup>  | 44 | 43 |
|  | Fannie Mae Pool #BW1289 5.50% 10/1/2052<sup>8</sup>  | 9649 | 9664 |
|  | Fannie Mae Pool #BW1243 5.50% 10/1/2052<sup>8</sup>  | 8715 | 8739 |
|  | Fannie Mae Pool #BX1223 5.50% 10/1/2052<sup>8</sup>  | 1433 | 1445 |
|  | Fannie Mae Pool #CB5020 5.50% 10/1/2052<sup>8</sup>  | 356 | 357 |
|  | Fannie Mae Pool #BX1488 5.50% 10/1/2052<sup>8</sup>  | 157 | 160 |
|  | Fannie Mae Pool #BW9929 5.50% 10/1/2052<sup>8</sup>  | 48 | 48 |
|  | Fannie Mae Pool #MA4820 6.50% 10/1/2052<sup>8</sup>  | 30 | 31 |
|  | Fannie Mae Pool #MA4805 4.50% 11/1/2052<sup>8</sup>  | 3087 | 2960 |
|  | Fannie Mae Pool #BX4398 5.50% 11/1/2052<sup>8</sup>  | 916 | 931 |
|  | Fannie Mae Pool #BX1298 5.50% 11/1/2052<sup>8</sup>  | 72 | 72 |
|  | Fannie Mae Pool #MA4842 5.50% 12/1/2052<sup>8</sup>  | 13443 | 13458 |
|  | Fannie Mae Pool #BX3716 5.50% 12/1/2052<sup>8</sup>  | 465 | 465 |
|  | Fannie Mae Pool #BX3726 5.50% 12/1/2052<sup>8</sup>  | 390 | 390 |
|  | Fannie Mae Pool #BX2464 5.50% 12/1/2052<sup>8</sup>  | 223 | 223 |
|  | Fannie Mae Pool #BX2476 5.50% 12/1/2052<sup>8</sup>  | 29 | 30 |
|  | Fannie Mae Pool #FS5520 4.50% 1/1/2053<sup>8</sup>  | 20664 | 19785 |
|  | Fannie Mae Pool #BX5626 5.50% 1/1/2053<sup>8</sup>  | 4111 | 4112 |
|  | Fannie Mae Pool #BX6633 5.50% 1/1/2053<sup>8</sup>  | 1095 | 1095 |
|  | Fannie Mae Pool #BX0856 5.50% 1/1/2053<sup>8</sup>  | 33 | 33 |
|  | Fannie Mae Pool #BX5592 5.50% 1/1/2053<sup>8</sup>  | 32 | 32 |
|  | Fannie Mae Pool #MA4894 6.00% 1/1/2053<sup>8</sup>  | 39394 | 39994 |
|  | Fannie Mae Pool #MA4919 5.50% 2/1/2053<sup>8</sup>  | 21583 | 21607 |
|  | Fannie Mae Pool #BX4108 5.50% 2/1/2053<sup>8</sup>  | 243 | 243 |
|  | Fannie Mae Pool #BX7384 5.50% 2/1/2053<sup>8</sup>  | 107 | 107 |
|  | Fannie Mae Pool #BX6545 6.00% 2/1/2053<sup>8</sup>  | 30361 | 30926 |
|  | Fannie Mae Pool #CB5986 5.00% 3/1/2053<sup>8</sup>  | 91 | 89 |
|  | Fannie Mae Pool #FS4152 5.50% 3/1/2053<sup>8</sup>  | 5215 | 5220 |
|  | Fannie Mae Pool #BX7555 5.50% 3/1/2053<sup>8</sup>  | 3865 | 3865 |
|  | Fannie Mae Pool #FS4191 5.50% 3/1/2053<sup>8</sup>  | 2812 | 2826 |
|  | Fannie Mae Pool #MA4978 5.00% 4/1/2053<sup>8</sup>  | 4526 | 4444 |
|  | Fannie Mae Pool #MA4979 5.50% 4/1/2053<sup>8</sup>  | 44398 | 44407 |
|  | Fannie Mae Pool #MA4980 6.00% 4/1/2053<sup>8</sup>  | 22904 | 23328 |
|  | Fannie Mae Pool #BX8415 6.00% 4/1/2053<sup>8</sup>  | 1114 | 1139 |
|  | Fannie Mae Pool #FS4563 5.00% 5/1/2053<sup>8</sup>  | 2729 | 2683 |
|  | Fannie Mae Pool #MA5010 5.50% 5/1/2053<sup>8</sup>  | 31758 | 31760 |

---

Capital Income Builder<sub>8</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #MA5011 6.00% 5/1/2053<sup>8</sup>  | USD84,254 | $85812 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #MA5038 5.00% 6/1/2053<sup>8</sup>  | 264 | 259 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #MA5039 5.50% 6/1/2053<sup>8</sup>  | 133964 | 133974 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #FS5192 5.50% 6/1/2053<sup>8</sup>  | 17223 | 17202 |
|  | Fannie Mae Pool #BY4218 5.50% 6/1/2053<sup>8</sup>  | 974 | 974 |
|  | Fannie Mae Pool #BY5242 5.50% 6/1/2053<sup>8</sup>  | 41 | 41 |
|  | Fannie Mae Pool #MA5040 6.00% 6/1/2053<sup>8</sup>  | 48575 | 49397 |
|  | Fannie Mae Pool #CB6485 6.00% 6/1/2053<sup>8</sup>  | 33156 | 33662 |
|  | Fannie Mae Pool #CB6486 6.00% 6/1/2053<sup>8</sup>  | 20607 | 21049 |
|  | Fannie Mae Pool #CB6465 6.00% 6/1/2053<sup>8</sup>  | 15444 | 15784 |
|  | Fannie Mae Pool #FS4933 6.00% 6/1/2053<sup>8</sup>  | 5095 | 5187 |
|  | Fannie Mae Pool #CB6491 6.50% 6/1/2053<sup>8</sup>  | 6044 | 6283 |
|  | Fannie Mae Pool #CB6490 6.50% 6/1/2053<sup>8</sup>  | 2146 | 2221 |
|  | Fannie Mae Pool #CB6468 6.50% 6/1/2053<sup>8</sup>  | 1629 | 1687 |
|  | Fannie Mae Pool #MA5070 4.50% 7/1/2053<sup>8</sup>  | 5944 | 5695 |
|  | Fannie Mae Pool #MA5071 5.00% 7/1/2053<sup>8</sup>  | 755 | 741 |
|  | Fannie Mae Pool #BU4112 5.00% 7/1/2053<sup>8</sup>  | 94 | 92 |
|  | Fannie Mae Pool #MA5072 5.50% 7/1/2053<sup>8</sup>  | 65 | 65 |
|  | Fannie Mae Pool #MA5073 6.00% 7/1/2053<sup>8</sup>  | 26922 | 27374 |
|  | Fannie Mae Pool #MA5108 6.00% 8/1/2053<sup>8</sup>  | 123842 | 125908 |
|  | Fannie Mae Pool #CB7018 4.00% 9/1/2053<sup>8</sup>  | 32 | 30 |
|  | Fannie Mae Pool #MA5138 5.50% 9/1/2053<sup>8</sup>  | 1285 | 1285 |
|  | Fannie Mae Pool #CB7104 5.50% 9/1/2053<sup>8</sup>  | 101 | 101 |
|  | Fannie Mae Pool #MA5139 6.00% 9/1/2053<sup>8</sup>  | 2361 | 2400 |
|  | Fannie Mae Pool #FS5749 6.50% 9/1/2053<sup>8</sup>  | 188898 | 194974 |
|  | Fannie Mae Pool #CB7139 6.50% 9/1/2053<sup>8</sup>  | 74590 | 77240 |
|  | Fannie Mae Pool #MA5165 5.50% 10/1/2053<sup>8</sup>  | 517 | 517 |
|  | Fannie Mae Pool #MA5166 6.00% 10/1/2053<sup>8</sup>  | 866 | 880 |
|  | Fannie Mae Pool #MA5167 6.50% 10/1/2053<sup>8</sup>  | 2187 | 2254 |
|  | Fannie Mae Pool #CB7242 6.50% 10/1/2053<sup>8</sup>  | 122 | 126 |
|  | Fannie Mae Pool #FS6838 5.50% 11/1/2053<sup>8</sup>  | 870 | 869 |
|  | Fannie Mae Pool #MA5191 6.00% 11/1/2053<sup>8</sup>  | 54509 | 55405 |
|  | Fannie Mae Pool #CB7426 6.50% 11/1/2053<sup>8</sup>  | 3784 | 3917 |
|  | Fannie Mae Pool #CB7907 6.50% 11/1/2053<sup>8</sup>  | 1776 | 1830 |
|  | Fannie Mae Pool #CB7510 6.50% 11/1/2053<sup>8</sup>  | 1302 | 1356 |
|  | Fannie Mae Pool #CB7626 6.50% 12/1/2053<sup>8</sup>  | 2990 | 3114 |
|  | Fannie Mae Pool #DA4644 6.50% 12/1/2053<sup>8</sup>  | 141 | 146 |
|  | Fannie Mae Pool #MA5218 7.00% 12/1/2053<sup>8</sup>  | 107 | 112 |
|  | Fannie Mae Pool #FS6873 6.50% 1/1/2054<sup>8</sup>  | 16673 | 17206 |
|  | Fannie Mae Pool #FS6767 6.50% 1/1/2054<sup>8</sup>  | 1263 | 1310 |
|  | Fannie Mae Pool #FS6809 5.50% 2/1/2054<sup>8</sup>  | 181 | 181 |
|  | Fannie Mae Pool #FS7503 6.00% 2/1/2054<sup>8</sup>  | 1845 | 1873 |
|  | Fannie Mae Pool #MA5274 7.00% 2/1/2054<sup>8</sup>  | 74798 | 78196 |
|  | Fannie Mae Pool #CB8151 5.50% 3/1/2054<sup>8</sup>  | 4819 | 4823 |
|  | Fannie Mae Pool #CB8148 5.50% 3/1/2054<sup>8</sup>  | 1888 | 1896 |
|  | Fannie Mae Pool #CB8163 6.00% 3/1/2054<sup>8</sup>  | 679 | 694 |
|  | Fannie Mae Pool #CB8168 6.00% 3/1/2054<sup>8</sup>  | 7 | 7 |
|  | Fannie Mae Pool #MA5295 6.00% 3/1/2054<sup>8</sup>  | 2 | 2 |
|  | Fannie Mae Pool #CB8337 5.50% 4/1/2054<sup>8</sup>  | 2444 | 2447 |
|  | Fannie Mae Pool #FS8153 6.00% 6/1/2054<sup>8</sup>  | 3708 | 3784 |
|  | Fannie Mae Pool #DB6878 6.00% 6/1/2054<sup>8</sup>  | 1332 | 1353 |
|  | Fannie Mae Pool #FS8223 6.00% 6/1/2054<sup>8</sup>  | 416 | 424 |
|  | Fannie Mae Pool #FS8219 6.00% 6/1/2054<sup>8</sup>  | 381 | 390 |
|  | Fannie Mae Pool #BU4699 5.50% 7/1/2054<sup>8</sup>  | 1138 | 1137 |
|  | Fannie Mae Pool #FS8467 5.50% 7/1/2054<sup>8</sup>  | 283 | 284 |
|  | Fannie Mae Pool #MA5421 6.00% 7/1/2054<sup>8</sup>  | 12594 | 12784 |
|  | Fannie Mae Pool #BU4700 6.00% 7/1/2054<sup>8</sup>  | 5142 | 5237 |
|  | Fannie Mae Pool #CB8858 6.00% 7/1/2054<sup>8</sup>  | 3478 | 3543 |
|  | Fannie Mae Pool #FS8318 6.00% 7/1/2054<sup>8</sup>  | 2586 | 2652 |
|  | Fannie Mae Pool #DB6901 6.00% 7/1/2054<sup>8</sup>  | 828 | 841 |
|  | Fannie Mae Pool #DB7039 6.00% 7/1/2054<sup>8</sup>  | 327 | 333 |
|  | Fannie Mae Pool #FS8619 6.50% 7/1/2054<sup>8</sup>  | 198 | 206 |
|  | Fannie Mae Pool #FS9819 7.00% 7/1/2054<sup>8</sup>  | 1387 | 1450 |
|  | Fannie Mae Pool #DB7783 5.50% 8/1/2054<sup>8</sup>  | 26 | 26 |
|  | Fannie Mae Pool #MA5445 6.00% 8/1/2054<sup>8</sup>  | 10786 | 10949 |
|  | Fannie Mae Pool #FS8792 6.00% 8/1/2054<sup>8</sup>  | 2796 | 2834 |
|  | Fannie Mae Pool #FS8795 6.00% 8/1/2054<sup>8</sup>  | 1487 | 1510 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #FS8757 6.00% 8/1/2054<sup>8</sup>  | USD1,322 | $1353 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #FS8758 6.00% 8/1/2054<sup>8</sup>  | 1074 | 1094 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #BU4916 6.00% 8/1/2054<sup>8</sup>  | 653 | 666 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Fannie Mae Pool #BU4968 6.00% 8/1/2054<sup>8</sup>  | 616 | 626 |
|  | Fannie Mae Pool #FS8756 6.00% 8/1/2054<sup>8</sup>  | 531 | 542 |
|  | Fannie Mae Pool #DB7687 6.00% 8/1/2054<sup>8</sup>  | 169 | 173 |
|  | Fannie Mae Pool #DB7690 6.00% 8/1/2054<sup>8</sup>  | 140 | 143 |
|  | Fannie Mae Pool #DC0296 6.00% 8/1/2054<sup>8</sup>  | 123 | 126 |
|  | Fannie Mae Pool #CB9071 6.50% 8/1/2054<sup>8</sup>  | 1537 | 1597 |
|  | Fannie Mae Pool #BU4946 5.50% 9/1/2054<sup>8</sup>  | 282 | 282 |
|  | Fannie Mae Pool #CB9210 5.50% 9/1/2054<sup>8</sup>  | 85 | 85 |
|  | Fannie Mae Pool #CB9146 5.50% 9/1/2054<sup>8</sup>  | 51 | 52 |
|  | Fannie Mae Pool #MA5471 6.00% 9/1/2054<sup>8</sup>  | 3789 | 3847 |
|  | Fannie Mae Pool #FS8866 6.00% 9/1/2054<sup>8</sup>  | 1801 | 1839 |
|  | Fannie Mae Pool #DC1873 6.00% 9/1/2054<sup>8</sup>  | 10 | 10 |
|  | Fannie Mae Pool #BU5049 6.50% 10/1/2054<sup>8</sup>  | 1633 | 1704 |
|  | Fannie Mae Pool #MA5530 5.00% 11/1/2054<sup>8</sup>  | 1329 | 1302 |
|  | Fannie Mae Pool #BU5165 5.50% 11/1/2054<sup>8</sup>  | 7275 | 7271 |
|  | Fannie Mae Pool #DC7042 4.50% 12/1/2054<sup>8</sup>  | 135 | 129 |
|  | Fannie Mae Pool #MA5552 5.00% 12/1/2054<sup>8</sup>  | 35 | 34 |
|  | Fannie Mae Pool #DC7823 6.00% 12/1/2054<sup>8</sup>  | 436 | 442 |
|  | Fannie Mae Pool #BU5259 6.50% 12/1/2054<sup>8</sup>  | 5897 | 6113 |
|  | Fannie Mae Pool #CB9736 4.50% 1/1/2055<sup>8</sup>  | 987 | 944 |
|  | Fannie Mae Pool #MA5615 6.00% 2/1/2055<sup>8</sup>  | 1503 | 1525 |
|  | Fannie Mae Pool #MA5647 6.00% 3/1/2055<sup>8</sup>  | 805 | 817 |
|  | Fannie Mae Pool #MA5699 5.00% 5/1/2055<sup>8</sup>  | 69 | 67 |
|  | Fannie Mae Pool #BF0133 4.00% 8/1/2056<sup>8</sup>  | 411 | 385 |
|  | Fannie Mae Pool #BF0142 5.50% 8/1/2056<sup>8</sup>  | 32142 | 33086 |
|  | Fannie Mae Pool #BF0145 3.50% 3/1/2057<sup>8</sup>  | 26049 | 23399 |
|  | Fannie Mae Pool #BF0339 5.00% 1/1/2059<sup>8</sup>  | 29721 | 29530 |
|  | Fannie Mae Pool #BF0342 5.50% 1/1/2059<sup>8</sup>  | 21281 | 21485 |
|  | Fannie Mae Pool #BF0379 3.50% 4/1/2059<sup>8</sup>  | 62103 | 55700 |
|  | Fannie Mae Pool #BM6737 4.50% 11/1/2059<sup>8</sup>  | 48738 | 46862 |
|  | Fannie Mae Pool #BF0497 3.00% 7/1/2060<sup>8</sup>  | 22009 | 19028 |
|  | Fannie Mae Pool #BF0548 3.00% 7/1/2061<sup>8</sup>  | 16382 | 13918 |
|  | Fannie Mae Pool #BF0647 3.00% 6/1/2062<sup>8</sup>  | 17820 | 15307 |
|  | Fannie Mae Pool #BF0762 3.00% 9/1/2063<sup>8</sup>  | 8202 | 6997 |
|  | Fannie Mae Pool #BF0765 3.50% 9/1/2063<sup>8</sup>  | 35230 | 31285 |
|  | Fannie Mae Pool #BF0763 3.50% 9/1/2063<sup>8</sup>  | 6857 | 6142 |
|  | Fannie Mae Pool #BF0784 3.50% 12/1/2063<sup>8</sup>  | 3692 | 3278 |
|  | Fannie Mae Pool #BF0786 4.00% 12/1/2063<sup>8</sup>  | 642 | 595 |
|  | Fannie Mae, Series 2001-25, Class ZA, 6.50% 6/25/2031<sup>8</sup>  | 107 | 108 |
|  | Fannie Mae, Series 2006-65, Class PF, (30-day Average USD-SOFR + 0.394%) <br>4.748% 7/25/2036<sup>8,9</sup>  | 376 | 373 |
|  | Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/2041<sup>8</sup>  | 14 | 14 |
|  | Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/2041<sup>8</sup>  | 30 | 32 |
|  | Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2/25/2027<sup>8,9</sup>  | 2270 | 2225 |
|  | Fannie Mae, Series 2006-51, Class PO, principal only, 0% 3/25/2036<sup>8</sup>  | 124 | 120 |
|  | Fannie Mae, Series 2006-32, Class OA, principal only, 0% 5/25/2036<sup>8</sup>  | 363 | 313 |
|  | Fannie Mae, Series 2006-56, Class OG, principal only, 0% 7/25/2036<sup>8</sup>  | 48 | 42 |
|  | Fannie Mae, Series 2006-96, Class OP, principal only, 0% 10/25/2036<sup>8</sup>  | 80 | 73 |
|  | Freddie Mac Pool #ZK3460 3.50% 8/1/2026<sup>8</sup>  | 4 | 4 |
|  | Freddie Mac Pool #RD5008 3.50% 9/1/2029<sup>8</sup>  | 76 | 75 |
|  | Freddie Mac Pool #ZS7148 3.50% 4/1/2030<sup>8</sup>  | 4 | 4 |
|  | Freddie Mac Pool #V62089 3.50% 6/1/2033<sup>8</sup>  | 172 | 170 |
|  | Freddie Mac Pool #ZS8716 3.50% 9/1/2033<sup>8</sup>  | 139 | 137 |
|  | Freddie Mac Pool #G18723 3.50% 2/1/2034<sup>8</sup>  | 2290 | 2261 |
|  | Freddie Mac Pool #ZT1799 3.50% 3/1/2034<sup>8</sup>  | 329 | 324 |
|  | Freddie Mac Pool #QN3000 1.50% 8/1/2035<sup>8</sup>  | 167 | 148 |
|  | Freddie Mac Pool #RC2555 2.50% 3/1/2037<sup>8</sup>  | 85 | 79 |
|  | Freddie Mac Pool #SB0649 2.50% 4/1/2037<sup>8</sup>  | 1803 | 1679 |
|  | Freddie Mac Pool #SB8175 2.50% 9/1/2037<sup>8</sup>  | 84 | 78 |
|  | Freddie Mac Pool #QO1051 2.50% 11/1/2037<sup>8</sup>  | 37 | 35 |
|  | Freddie Mac Pool #SB1388 2.50% 1/1/2038<sup>8</sup>  | 159 | 148 |
|  | Freddie Mac Pool #ZA2505 3.50% 5/1/2038<sup>8</sup>  | 226 | 218 |
|  | Freddie Mac Pool #A76884 5.00% 5/1/2038<sup>8</sup>  | 143 | 142 |
|  | Freddie Mac Pool #G04697 5.50% 9/1/2038<sup>8</sup>  | 635 | 651 |

---

Capital Income Builder<sub>10</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SC0297 5.50% 10/1/2038<sup>8</sup>  | USD8 | $8 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #A87873 5.00% 8/1/2039<sup>8</sup>  | 2281 | 2292 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #G06789 6.00% 5/1/2040<sup>8</sup>  | 27 | 28 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #RB5071 2.00% 9/1/2040<sup>8</sup>  | 1646 | 1422 |
|  | Freddie Mac Pool #G06061 4.00% 10/1/2040<sup>8</sup>  | 396 | 384 |
|  | Freddie Mac Pool #SC0149 2.00% 3/1/2041<sup>8</sup>  | 10498 | 9058 |
|  | Freddie Mac Pool #Q00232 4.50% 4/1/2041<sup>8</sup>  | 3670 | 3644 |
|  | Freddie Mac Pool #Q00850 4.50% 5/1/2041<sup>8</sup>  | 124 | 123 |
|  | Freddie Mac Pool #RB0544 2.00% 6/1/2041<sup>8</sup>  | 5022 | 4324 |
|  | Freddie Mac Pool #G06841 5.50% 6/1/2041<sup>8</sup>  | 1244 | 1273 |
|  | Freddie Mac Pool #G08456 5.00% 7/1/2041<sup>8</sup>  | 90 | 91 |
|  | Freddie Mac Pool #G60546 4.00% 12/1/2042<sup>8</sup>  | 3322 | 3214 |
|  | Freddie Mac Pool #Q21442 4.50% 8/1/2043<sup>8</sup>  | 282 | 277 |
|  | Freddie Mac Pool #G60138 3.50% 8/1/2045<sup>8</sup>  | 11869 | 11045 |
|  | Freddie Mac Pool #760014 3.759% 8/1/2045<sup>8,9</sup>  | 465 | 465 |
|  | Freddie Mac Pool #G60279 4.00% 10/1/2045<sup>8</sup>  | 3450 | 3291 |
|  | Freddie Mac Pool #Q41088 4.00% 6/1/2046<sup>8</sup>  | 8021 | 7623 |
|  | Freddie Mac Pool #Q41905 4.00% 7/1/2046<sup>8</sup>  | 2928 | 2785 |
|  | Freddie Mac Pool #Q42626 4.00% 8/1/2046<sup>8</sup>  | 2932 | 2789 |
|  | Freddie Mac Pool #T65389 3.50% 9/1/2046<sup>8</sup>  | 46 | 42 |
|  | Freddie Mac Pool #Q44227 4.00% 9/1/2046<sup>8</sup>  | 760 | 721 |
|  | Freddie Mac Pool #Q49716 4.50% 8/1/2047<sup>8</sup>  | 332 | 321 |
|  | Freddie Mac Pool #ZS4735 3.50% 9/1/2047<sup>8</sup>  | 2266 | 2080 |
|  | Freddie Mac Pool #G08793 4.00% 12/1/2047<sup>8</sup>  | 13742 | 12993 |
|  | Freddie Mac Pool #Q52596 4.50% 12/1/2047<sup>8</sup>  | 277 | 270 |
|  | Freddie Mac Pool #SI2002 4.00% 3/1/2048<sup>8</sup>  | 703 | 664 |
|  | Freddie Mac Pool #Q55986 4.50% 5/1/2048<sup>8</sup>  | 4857 | 4741 |
|  | Freddie Mac Pool #Z40273 4.50% 10/1/2048<sup>8</sup>  | 619 | 604 |
|  | Freddie Mac Pool #ZT1704 4.50% 1/1/2049<sup>8</sup>  | 119700 | 116855 |
|  | Freddie Mac Pool #QA5741 3.00% 12/1/2049<sup>8</sup>  | 2531 | 2240 |
|  | Freddie Mac Pool #QA5125 3.50% 12/1/2049<sup>8</sup>  | 1145 | 1051 |
|  | Freddie Mac Pool #RA3384 3.00% 8/1/2050<sup>8</sup>  | 1076 | 945 |
|  | Freddie Mac Pool #RA3506 3.00% 9/1/2050<sup>8</sup>  | 11798 | 10366 |
|  | Freddie Mac Pool #QB6698 2.00% 12/1/2050<sup>8</sup>  | 44 | 35 |
|  | Freddie Mac Pool #QC0474 2.00% 4/1/2051<sup>8</sup>  | 25 | 19 |
|  | Freddie Mac Pool #RA5267 3.00% 5/1/2051<sup>8</sup>  | 7252 | 6352 |
|  | Freddie Mac Pool #SD3095 2.50% 7/1/2051<sup>8</sup>  | 982 | 818 |
|  | Freddie Mac Pool #RA5901 3.00% 9/1/2051<sup>8</sup>  | 6861 | 6011 |
|  | Freddie Mac Pool #RA6347 3.00% 11/1/2051<sup>8</sup>  | 7820 | 6852 |
|  | Freddie Mac Pool #SD8182 2.00% 12/1/2051<sup>8</sup>  | 820 | 653 |
|  | Freddie Mac Pool #SD7551 3.00% 1/1/2052<sup>8</sup>  | 60613 | 53335 |
|  | Freddie Mac Pool #RA6531 3.50% 1/1/2052<sup>8</sup>  | 24 | 22 |
|  | Freddie Mac Pool #RA6805 3.00% 2/1/2052<sup>8</sup>  | 13141 | 11514 |
|  | Freddie Mac Pool #QD8010 2.00% 3/1/2052<sup>8</sup>  | 940 | 747 |
|  | Freddie Mac Pool #QD8820 2.00% 3/1/2052<sup>8</sup>  | 86 | 69 |
|  | Freddie Mac Pool #QD8423 2.50% 3/1/2052<sup>8</sup>  | 288 | 241 |
|  | Freddie Mac Pool #QE1005 2.50% 4/1/2052<sup>8</sup>  | 666 | 554 |
|  | Freddie Mac Pool #SD8213 3.00% 5/1/2052<sup>8</sup>  | 70206 | 61036 |
|  | Freddie Mac Pool #SD8220 3.00% 6/1/2052<sup>8</sup>  | 35257 | 30652 |
|  | Freddie Mac Pool #RA7556 4.50% 6/1/2052<sup>8</sup>  | 67860 | 65054 |
|  | Freddie Mac Pool #SD8225 3.00% 7/1/2052<sup>8</sup>  | 12855 | 11172 |
|  | Freddie Mac Pool #SD7556 3.00% 8/1/2052<sup>8</sup>  | 741 | 652 |
|  | Freddie Mac Pool #SD8251 5.50% 8/1/2052<sup>8</sup>  | 42 | 42 |
|  | Freddie Mac Pool #SD8242 3.00% 9/1/2052<sup>8</sup>  | 9337 | 8115 |
|  | Freddie Mac Pool #SD1584 4.50% 9/1/2052<sup>8</sup>  | 14890 | 14467 |
|  | Freddie Mac Pool #QE9222 5.00% 9/1/2052<sup>8</sup>  | 50007 | 49192 |
|  | Freddie Mac Pool #RA7938 5.00% 9/1/2052<sup>8</sup>  | 2794 | 2747 |
|  | Freddie Mac Pool #QE8785 5.50% 9/1/2052<sup>8</sup>  | 2014 | 2011 |
|  | Freddie Mac Pool #SD1831 5.50% 10/1/2052<sup>8</sup>  | 1995 | 2012 |
|  | Freddie Mac Pool #QF1113 5.50% 10/1/2052<sup>8</sup>  | 1447 | 1455 |
|  | Freddie Mac Pool #QF3150 5.50% 10/1/2052<sup>8</sup>  | 1240 | 1254 |
|  | Freddie Mac Pool #QF1433 5.50% 10/1/2052<sup>8</sup>  | 34 | 34 |
|  | Freddie Mac Pool #QF4983 5.00% 11/1/2052<sup>8</sup>  | 66 | 65 |
|  | Freddie Mac Pool #SD2948 5.50% 11/1/2052<sup>8</sup>  | 30491 | 30530 |
|  | Freddie Mac Pool #QF3380 5.50% 11/1/2052<sup>8</sup>  | 3845 | 3876 |
|  | Freddie Mac Pool #QF2409 5.50% 11/1/2052<sup>8</sup>  | 1905 | 1920 |
|  | Freddie Mac Pool #QF2472 5.50% 11/1/2052<sup>8</sup>  | 1189 | 1197 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD8280 6.50% 11/1/2052<sup>8</sup>  | USD20 | $21 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD2602 3.00% 12/1/2052<sup>8</sup>  | 2362 | 2054 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD4116 4.50% 12/1/2052<sup>8</sup>  | 17549 | 16826 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD8276 5.00% 12/1/2052<sup>8</sup>  | 4553 | 4473 |
|  | Freddie Mac Pool #QF4188 5.50% 12/1/2052<sup>8</sup>  | 85 | 85 |
|  | Freddie Mac Pool #QF6034 5.50% 12/1/2052<sup>8</sup>  | 84 | 84 |
|  | Freddie Mac Pool #SD8287 4.50% 1/1/2053<sup>8</sup>  | 1118 | 1071 |
|  | Freddie Mac Pool #QF6796 5.50% 1/1/2053<sup>8</sup>  | 124 | 124 |
|  | Freddie Mac Pool #SD8299 5.00% 2/1/2053<sup>8</sup>  | 547 | 537 |
|  | Freddie Mac Pool #QF7483 5.50% 2/1/2053<sup>8</sup>  | 10303 | 10298 |
|  | Freddie Mac Pool #QF7073 5.50% 2/1/2053<sup>8</sup>  | 3791 | 3801 |
|  | Freddie Mac Pool #QF8331 5.50% 2/1/2053<sup>8</sup>  | 3247 | 3247 |
|  | Freddie Mac Pool #QF9106 5.50% 2/1/2053<sup>8</sup>  | 944 | 943 |
|  | Freddie Mac Pool #SD2402 6.00% 2/1/2053<sup>8</sup>  | 15163 | 15541 |
|  | Freddie Mac Pool #SD8301 6.00% 2/1/2053<sup>8</sup>  | 72 | 73 |
|  | Freddie Mac Pool #QF8351 5.50% 3/1/2053<sup>8</sup>  | 2599 | 2603 |
|  | Freddie Mac Pool #QF8462 5.50% 3/1/2053<sup>8</sup>  | 320 | 320 |
|  | Freddie Mac Pool #SD2716 5.00% 4/1/2053<sup>8</sup>  | 4239 | 4164 |
|  | Freddie Mac Pool #SD8316 5.50% 4/1/2053<sup>8</sup>  | 45520 | 45530 |
|  | Freddie Mac Pool #QG1023 5.50% 4/1/2053<sup>8</sup>  | 10731 | 10739 |
|  | Freddie Mac Pool #QG0657 5.50% 4/1/2053<sup>8</sup>  | 3325 | 3340 |
|  | Freddie Mac Pool #SD8323 5.00% 5/1/2053<sup>8</sup>  | 3778 | 3708 |
|  | Freddie Mac Pool #SD3369 5.50% 5/1/2053<sup>8</sup>  | 1212 | 1213 |
|  | Freddie Mac Pool #SD8325 6.00% 5/1/2053<sup>8</sup>  | 191000 | 194252 |
|  | Freddie Mac Pool #QG3376 6.00% 5/1/2053<sup>8</sup>  | 815 | 832 |
|  | Freddie Mac Pool #SD2979 6.50% 5/1/2053<sup>8</sup>  | 2232 | 2325 |
|  | Freddie Mac Pool #SD8329 5.00% 6/1/2053<sup>8</sup>  | 390 | 383 |
|  | Freddie Mac Pool #SD8331 5.50% 6/1/2053<sup>8</sup>  | 95434 | 95441 |
|  | Freddie Mac Pool #SD3505 6.00% 6/1/2053<sup>8</sup>  | 34796 | 35398 |
|  | Freddie Mac Pool #SD3175 6.00% 6/1/2053<sup>8</sup>  | 9279 | 9448 |
|  | Freddie Mac Pool #RA9279 6.00% 6/1/2053<sup>8</sup>  | 7034 | 7178 |
|  | Freddie Mac Pool #RA9283 6.00% 6/1/2053<sup>8</sup>  | 6215 | 6348 |
|  | Freddie Mac Pool #RA9281 6.00% 6/1/2053<sup>8</sup>  | 4378 | 4474 |
|  | Freddie Mac Pool #RA9284 6.00% 6/1/2053<sup>8</sup>  | 3273 | 3371 |
|  | Freddie Mac Pool #RA9294 6.50% 6/1/2053<sup>8</sup>  | 4767 | 4948 |
|  | Freddie Mac Pool #RA9292 6.50% 6/1/2053<sup>8</sup>  | 4173 | 4321 |
|  | Freddie Mac Pool #RA9288 6.50% 6/1/2053<sup>8</sup>  | 3941 | 4116 |
|  | Freddie Mac Pool #RA9289 6.50% 6/1/2053<sup>8</sup>  | 3897 | 4065 |
|  | Freddie Mac Pool #RA9287 6.50% 6/1/2053<sup>8</sup>  | 2764 | 2891 |
|  | Freddie Mac Pool #RA9290 6.50% 6/1/2053<sup>8</sup>  | 2128 | 2215 |
|  | Freddie Mac Pool #RA9291 6.50% 6/1/2053<sup>8</sup>  | 1300 | 1345 |
|  | Freddie Mac Pool #RA9295 6.50% 6/1/2053<sup>8</sup>  | 1138 | 1201 |
|  | Freddie Mac Pool #SD8341 5.00% 7/1/2053<sup>8</sup>  | 23 | 23 |
|  | Freddie Mac Pool #SD8342 5.50% 7/1/2053<sup>8</sup>  | 206 | 206 |
|  | Freddie Mac Pool #SD3356 6.00% 7/1/2053<sup>8</sup>  | 10887 | 11062 |
|  | Freddie Mac Pool #SD3432 6.00% 7/1/2053<sup>8</sup>  | 330 | 338 |
|  | Freddie Mac Pool #SD3512 6.00% 8/1/2053<sup>8</sup>  | 154 | 157 |
|  | Freddie Mac Pool #RJ0147 2.50% 9/1/2053<sup>8</sup>  | 109 | 91 |
|  | Freddie Mac Pool #SD8362 5.50% 9/1/2053<sup>8</sup>  | 254 | 254 |
|  | Freddie Mac Pool #SD3825 6.50% 9/1/2053<sup>8</sup>  | 206252 | 213456 |
|  | Freddie Mac Pool #RA9865 6.50% 9/1/2053<sup>8</sup>  | 46187 | 48105 |
|  | Freddie Mac Pool #SD8367 5.50% 10/1/2053<sup>8</sup>  | 15554 | 15549 |
|  | Freddie Mac Pool #SD4053 6.00% 10/1/2053<sup>8</sup>  | 327 | 331 |
|  | Freddie Mac Pool #SD8369 6.50% 10/1/2053<sup>8</sup>  | 109435 | 112920 |
|  | Freddie Mac Pool #SD4977 5.00% 11/1/2053<sup>8</sup>  | 58594 | 57518 |
|  | Freddie Mac Pool #QH3557 6.50% 11/1/2053<sup>8</sup>  | 3445 | 3588 |
|  | Freddie Mac Pool #RJ0326 6.50% 11/1/2053<sup>8</sup>  | 411 | 426 |
|  | Freddie Mac Pool #SD8386 7.00% 12/1/2053<sup>8</sup>  | 8108 | 8476 |
|  | Freddie Mac Pool #SD5500 2.00% 1/1/2054<sup>8</sup>  | 68 | 54 |
|  | Freddie Mac Pool #RJ0668 6.00% 1/1/2054<sup>8</sup>  | 6697 | 6817 |
|  | Freddie Mac Pool #SD4795 6.00% 1/1/2054<sup>8</sup>  | 4552 | 4635 |
|  | Freddie Mac Pool #SD4693 6.50% 1/1/2054<sup>8</sup>  | 483 | 499 |
|  | Freddie Mac Pool #RJ0854 6.50% 1/1/2054<sup>8</sup>  | 19 | 19 |
|  | Freddie Mac Pool #SD8398 7.00% 1/1/2054<sup>8</sup>  | 27537 | 28789 |
|  | Freddie Mac Pool #SD8401 5.50% 2/1/2054<sup>8</sup>  | 326 | 326 |
|  | Freddie Mac Pool #SD8402 6.00% 2/1/2054<sup>8</sup>  | 15104 | 15346 |
|  | Freddie Mac Pool #SD8404 7.00% 2/1/2054<sup>8</sup>  | 88602 | 92627 |

---

Capital Income Builder<sub>12</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD8408 5.50% 3/1/2054<sup>8</sup>  | USD12,554 | $12539 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #RJ1216 5.50% 4/1/2054<sup>8</sup>  | 1375 | 1382 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #RJ1215 5.50% 4/1/2054<sup>8</sup>  | 1032 | 1033 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac Pool #SD5303 6.00% 4/1/2054<sup>8</sup>  | 3424 | 3498 |
|  | Freddie Mac Pool #QI3333 6.00% 4/1/2054<sup>8</sup>  | 192 | 196 |
|  | Freddie Mac Pool #RJ1512 5.50% 5/1/2054<sup>8</sup>  | 25619 | 25746 |
|  | Freddie Mac Pool #SD8432 6.00% 5/1/2054<sup>8</sup>  | 506 | 514 |
|  | Freddie Mac Pool #SD5692 6.00% 5/1/2054<sup>8</sup>  | 243 | 249 |
|  | Freddie Mac Pool #RJ1855 5.00% 6/1/2054<sup>8</sup>  | 7067 | 6939 |
|  | Freddie Mac Pool #RJ1768 5.50% 6/1/2054<sup>8</sup>  | 887 | 891 |
|  | Freddie Mac Pool #SD8439 6.00% 6/1/2054<sup>8</sup>  | 44 | 45 |
|  | Freddie Mac Pool #RJ1797 6.50% 6/1/2054<sup>8</sup>  | 86 | 89 |
|  | Freddie Mac Pool #RJ1725 6.50% 6/1/2054<sup>8</sup>  | 32 | 33 |
|  | Freddie Mac Pool #SD8446 5.50% 7/1/2054<sup>8</sup>  | 1925 | 1922 |
|  | Freddie Mac Pool #QI8872 5.50% 7/1/2054<sup>8</sup>  | 569 | 569 |
|  | Freddie Mac Pool #RJ1964 6.00% 7/1/2054<sup>8</sup>  | 7562 | 7761 |
|  | Freddie Mac Pool #RJ1975 6.00% 7/1/2054<sup>8</sup>  | 5236 | 5332 |
|  | Freddie Mac Pool #SD8447 6.00% 7/1/2054<sup>8</sup>  | 4021 | 4082 |
|  | Freddie Mac Pool #QI8874 6.00% 7/1/2054<sup>8</sup>  | 2107 | 2147 |
|  | Freddie Mac Pool #SD5813 6.00% 7/1/2054<sup>8</sup>  | 1429 | 1462 |
|  | Freddie Mac Pool #SD5873 6.00% 7/1/2054<sup>8</sup>  | 567 | 577 |
|  | Freddie Mac Pool #SD5896 6.00% 7/1/2054<sup>8</sup>  | 348 | 355 |
|  | Freddie Mac Pool #RJ1986 6.50% 7/1/2054<sup>8</sup>  | 336 | 347 |
|  | Freddie Mac Pool #RJ2200 5.50% 8/1/2054<sup>8</sup>  | 1920 | 1922 |
|  | Freddie Mac Pool #RJ2206 5.50% 8/1/2054<sup>8</sup>  | 1292 | 1294 |
|  | Freddie Mac Pool #RJ2243 5.50% 8/1/2054<sup>8</sup>  | 1096 | 1096 |
|  | Freddie Mac Pool #RJ2203 5.50% 8/1/2054<sup>8</sup>  | 202 | 203 |
|  | Freddie Mac Pool #SD6286 5.50% 8/1/2054<sup>8</sup>  | 28 | 29 |
|  | Freddie Mac Pool #SD8454 6.00% 8/1/2054<sup>8</sup>  | 6342 | 6439 |
|  | Freddie Mac Pool #RJ2212 6.00% 8/1/2054<sup>8</sup>  | 1942 | 1992 |
|  | Freddie Mac Pool #RJ2216 6.00% 8/1/2054<sup>8</sup>  | 1564 | 1593 |
|  | Freddie Mac Pool #SD6029 6.00% 8/1/2054<sup>8</sup>  | 822 | 839 |
|  | Freddie Mac Pool #RJ2210 6.00% 8/1/2054<sup>8</sup>  | 523 | 532 |
|  | Freddie Mac Pool #SD8455 6.50% 8/1/2054<sup>8</sup>  | 12289 | 12664 |
|  | Freddie Mac Pool #RJ2422 5.50% 9/1/2054<sup>8</sup>  | 28382 | 28400 |
|  | Freddie Mac Pool #RJ2415 5.50% 9/1/2054<sup>8</sup>  | 11839 | 11898 |
|  | Freddie Mac Pool #RJ2408 5.50% 9/1/2054<sup>8</sup>  | 10706 | 10707 |
|  | Freddie Mac Pool #QJ3044 5.50% 9/1/2054<sup>8</sup>  | 579 | 578 |
|  | Freddie Mac Pool #RJ2314 6.00% 9/1/2054<sup>8</sup>  | 2854 | 2908 |
|  | Freddie Mac Pool #RJ2312 6.00% 9/1/2054<sup>8</sup>  | 1568 | 1601 |
|  | Freddie Mac Pool #RJ2308 6.00% 9/1/2054<sup>8</sup>  | 1456 | 1494 |
|  | Freddie Mac Pool #RJ2306 6.00% 9/1/2054<sup>8</sup>  | 1357 | 1388 |
|  | Freddie Mac Pool #RJ2309 6.00% 9/1/2054<sup>8</sup>  | 893 | 910 |
|  | Freddie Mac Pool #RJ2474 6.50% 9/1/2054<sup>8</sup>  | 1577 | 1630 |
|  | Freddie Mac Pool #RJ2411 6.50% 9/1/2054<sup>8</sup>  | 1071 | 1110 |
|  | Freddie Mac Pool #RJ2470 6.50% 9/1/2054<sup>8</sup>  | 569 | 588 |
|  | Freddie Mac Pool #RJ2664 5.00% 10/1/2054<sup>8</sup>  | 194 | 191 |
|  | Freddie Mac Pool #SD8469 5.50% 10/1/2054<sup>8</sup>  | 2067 | 2065 |
|  | Freddie Mac Pool #RJ2625 5.50% 10/1/2054<sup>8</sup>  | 239 | 240 |
|  | Freddie Mac Pool #SD6733 6.50% 10/1/2054<sup>8</sup>  | 414 | 428 |
|  | Freddie Mac Pool #RJ2851 4.50% 11/1/2054<sup>8</sup>  | 6615 | 6331 |
|  | Freddie Mac Pool #RJ2860 5.00% 11/1/2054<sup>8</sup>  | 4030 | 3948 |
|  | Freddie Mac Pool #RJ2836 5.00% 11/1/2054<sup>8</sup>  | 288 | 282 |
|  | Freddie Mac Pool #RJ2917 5.50% 11/1/2054<sup>8</sup>  | 4875 | 4877 |
|  | Freddie Mac Pool #RJ2922 6.00% 11/1/2054<sup>8</sup>  | 1530 | 1556 |
|  | Freddie Mac Pool #SD7470 4.50% 12/1/2054<sup>8</sup>  | 11702 | 11352 |
|  | Freddie Mac Pool #SD8485 6.50% 12/1/2054<sup>8</sup>  | 110 | 114 |
|  | Freddie Mac Pool #SD8494 5.50% 1/1/2055<sup>8</sup>  | 4510 | 4504 |
|  | Freddie Mac Pool #QX2925 6.00% 1/1/2055<sup>8</sup>  | 8731 | 8873 |
|  | Freddie Mac Pool #RJ3264 4.50% 2/1/2055<sup>8</sup>  | 2889 | 2766 |
|  | Freddie Mac Pool #SD8507 6.00% 2/1/2055<sup>8</sup>  | 448 | 455 |
|  | Freddie Mac Pool #SD8532 5.00% 5/1/2055<sup>8</sup>  | 49 | 48 |
|  | Freddie Mac, Series 2122, Class QM, 6.25% 2/15/2029<sup>8</sup>  | 239 | 242 |
|  | Freddie Mac, Series K050, Class A2, Multi Family, 3.334% 8/25/2025<sup>8</sup>  | 10387 | 10335 |
|  | Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 3/25/2026<sup>8</sup>  | 3423 | 3374 |
|  | Freddie Mac, Series K064, Class A2, Multi Family, 3.224% 3/25/2027<sup>8,9</sup>  | 4390 | 4323 |
|  | Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 6/25/2027<sup>8</sup>  | 4360 | 4281 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 7/25/2027<sup>8</sup>  | USD4,810 | $4724 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac, Series K068, Class A2, Multi Family, 3.244% 8/25/2027<sup>8</sup>  | 2350 | 2309 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 9/25/2027<sup>8,9</sup>  | 8770 | 8604 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/2033<sup>8,9</sup>  | 13801 | 13794 |
|  | Freddie Mac, Series 3135, Class OP, principal only, 0% 4/15/2026<sup>8</sup>  | 6 | 6 |
|  | Freddie Mac, Series 3117, Class OG, principal only, 0% 2/15/2036<sup>8</sup>  | 31 | 27 |
|  | Freddie Mac, Series 3136, Class OP, principal only, 0% 4/15/2036<sup>8</sup>  | 505 | 408 |
|  | Freddie Mac, Series 3147, Class OD, principal only, 0% 4/15/2036<sup>8</sup>  | 195 | 176 |
|  | Freddie Mac, Series 3155, Class FO, principal only, 0% 5/15/2036<sup>8</sup>  | 356 | 301 |
|  | Freddie Mac, Series 3149, Class MO, principal only, 0% 5/15/2036<sup>8</sup>  | 59 | 53 |
|  | Freddie Mac, Series 3149, Class AO, principal only, 0% 5/15/2036<sup>8</sup>  | 51 | 44 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, <br>3.00% 7/25/2056<sup>8</sup>  | 7627 | 6713 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, <br>3.25% 7/25/2056<sup>8</sup>  | 1535 | 1360 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, <br>3.00% 8/25/2056<sup>8</sup>  | 7229 | 6765 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, <br>3.00% 8/25/2056<sup>8,9</sup>  | 6998 | 6525 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, <br>3.00% 5/25/2057<sup>8</sup>  | 8035 | 6877 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, <br>3.25% 6/25/2057<sup>8,9</sup>  | 11697 | 10578 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, <br>3.50% 6/25/2057<sup>8</sup>  | 6647 | 6041 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, <br>4.50% 6/25/2057<sup>8</sup>  | 11460 | 11082 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, <br>3.50% 8/25/2057<sup>8</sup>  | 9118 | 8796 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, <br>3.50% 11/25/2057<sup>8</sup>  | 8165 | 7344 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, <br>3.50% 7/25/2058<sup>8</sup>  | 3835 | 3438 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, <br>3.50% 7/25/2058<sup>8</sup>  | 1046 | 1005 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, <br>3.50% 8/26/2058<sup>8</sup>  | 3223 | 2886 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, <br>3.50% 10/25/2058<sup>8</sup>  | 1978 | 1777 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% <br> 2/25/2059<sup>8</sup>  | 23651 | 21978 |
|  | Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, <br> 3.50% 6/25/2028<sup>8</sup>  | 505 | 491 |
|  | Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, <br> 2.75% 11/25/2029<sup>8</sup>  | 29713 | 28265 |
|  | Government National Mortgage Assn. 3.50% 5/1/2055<sup>8,10</sup>  | 259 | 236 |
|  | Government National Mortgage Assn. 4.00% 5/1/2055<sup>8,10</sup>  | 374 | 349 |
|  | Government National Mortgage Assn. 5.00% 5/1/2055<sup>8,10</sup>  | 2450 | 2404 |
|  | Government National Mortgage Assn. 5.50% 5/1/2055<sup>8,10</sup>  | 523 | 523 |
|  | Government National Mortgage Assn. 5.50% 6/1/2055<sup>8,10</sup>  | 1376 | 1373 |
|  | Government National Mortgage Assn. Pool #736682 4.50% 12/15/2037<sup>8</sup>  | 362 | 355 |
|  | Government National Mortgage Assn. Pool #738938 6.50% 2/20/2039<sup>8</sup>  | 67 | 70 |
|  | Government National Mortgage Assn. Pool #783690 6.00% 9/20/2039<sup>8</sup>  | 629 | 661 |
|  | Government National Mortgage Assn. Pool #783689 5.50% 2/20/2040<sup>8</sup>  | 785 | 805 |
|  | Government National Mortgage Assn. Pool #783539 5.00% 10/20/2040<sup>8</sup>  | 585 | 580 |
|  | Government National Mortgage Assn. Pool #783688 5.00% 6/20/2041<sup>8</sup>  | 784 | 787 |
|  | Government National Mortgage Assn. Pool #005198 6.50% 9/20/2041<sup>8</sup>  | 332 | 345 |
|  | Government National Mortgage Assn. Pool #783687 4.50% 12/20/2041<sup>8</sup>  | 806 | 783 |
|  | Government National Mortgage Assn. Pool #MA2894 4.50% 6/20/2045<sup>8</sup>  | 866 | 848 |
|  | Government National Mortgage Assn. Pool #MA3246 4.50% 11/20/2045<sup>8</sup>  | 1193 | 1167 |
|  | Government National Mortgage Assn. Pool #MA5077 3.50% 3/20/2048<sup>8</sup>  | 3404 | 3119 |
|  | Government National Mortgage Assn. Pool #MA5468 5.00% 9/20/2048<sup>8</sup>  | 325 | 323 |
|  | Government National Mortgage Assn. Pool #MA5530 5.00% 10/20/2048<sup>8</sup>  | 78 | 78 |
|  | Government National Mortgage Assn. Pool #MA5652 4.50% 12/20/2048<sup>8</sup>  | 440 | 428 |
|  | Government National Mortgage Assn. Pool #MA5711 4.50% 1/20/2049<sup>8</sup>  | 745 | 721 |
|  | Government National Mortgage Assn. Pool #MA5712 5.00% 1/20/2049<sup>8</sup>  | 910 | 903 |
|  | Government National Mortgage Assn. Pool #MA5764 4.50% 2/20/2049<sup>8</sup>  | 1596 | 1549 |

---

Capital Income Builder<sub>14</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** |  |  |  |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Government National Mortgage Assn. Pool #MA5878 5.00% 4/20/2049<sup>8</sup>  | USD9,139 | $9101 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/2049<sup>8</sup>  | 5640 | 5622 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Government National Mortgage Assn. Pool #MA8044 3.50% 5/20/2052<sup>8</sup>  | 731 | 666 |
| **Federal agency**<br> **mortgage-backed**<br> **obligations**<br> **(continued)** | Government National Mortgage Assn. Pool #MA8199 3.50% 8/20/2052<sup>8</sup>  | 217 | 198 |
|  | Government National Mortgage Assn. Pool #MA8267 4.00% 9/20/2052<sup>8</sup>  | 241334 | 225715 |
|  | Government National Mortgage Assn. Pool #MA8346 4.00% 10/20/2052<sup>8</sup>  | 23350 | 21839 |
|  | Government National Mortgage Assn. Pool #MA8567 4.00% 1/20/2053<sup>8</sup>  | 17144 | 16015 |
|  | Government National Mortgage Assn. Pool #MA8723 4.00% 3/20/2053<sup>8</sup>  | 11065 | 10345 |
|  | Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/2053<sup>8</sup>  | 16089 | 15849 |
|  | Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/2053<sup>8</sup>  | 10934 | 10509 |
|  | Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/2053<sup>8</sup>  | 88172 | 86679 |
|  | Government National Mortgage Assn. Pool #MA9776 4.00% 7/20/2054<sup>8</sup>  | 6920 | 6451 |
|  | Government National Mortgage Assn. Pool #MA9961 3.50% 10/20/2054<sup>8</sup>  | 224 | 204 |
|  | Government National Mortgage Assn. Pool #MB0023 4.00% 11/20/2054<sup>8</sup>  | 5091 | 4741 |
|  | Government National Mortgage Assn. Pool #MB0024 4.50% 11/20/2054<sup>8</sup>  | 1386 | 1328 |
|  | Government National Mortgage Assn. Pool #MB0144 4.00% 1/20/2055<sup>8</sup>  | 2291 | 2134 |
|  | Government National Mortgage Assn. Pool #MB0202 4.00% 2/20/2055<sup>8</sup>  | 823 | 766 |
|  | Government National Mortgage Assn. Pool #MB0256 4.00% 3/20/2055<sup>8</sup>  | 1389 | 1294 |
|  | Government National Mortgage Assn. Pool #795485 4.491% 7/20/2062<sup>8</sup>  | 6 | 6 |
|  | Government National Mortgage Assn. Pool #AG8088 4.779% 3/20/2064<sup>8</sup>  | 1 | 1 |
|  | Government National Mortgage Assn. Pool #AG8117 4.915% 4/20/2064<sup>8</sup>  | 2 | 2 |
|  | Government National Mortgage Assn. Pool #AG8193 4.779% 9/20/2064<sup>8</sup>  | 1 | 1 |
|  | Government National Mortgage Assn. Pool #AG8207 4.778% 11/20/2064<sup>8</sup>  | 1 | 1 |
|  | Government National Mortgage Assn. Pool #AG8244 4.779% 1/20/2065<sup>8</sup>  | 1 | 1 |
|  | Government National Mortgage Assn., Series 2005-7, Class AO, principal only, <br>0% 2/16/2035<sup>8</sup>  | 252 | 226 |
|  | Government National Mortgage Assn., Series 2007-8, Class LO, principal only, <br>0% 3/20/2037<sup>8</sup>  | 283 | 237 |
|  | Uniform Mortgage-Backed Security 2.50% 5/1/2040<sup>8,10</sup>  | 71038 | 66027 |
|  | Uniform Mortgage-Backed Security 2.50% 5/1/2055<sup>8,10</sup>  | 36630 | 30458 |
|  | Uniform Mortgage-Backed Security 3.00% 5/1/2055<sup>8,10</sup>  | 40194 | 34889 |
|  | Uniform Mortgage-Backed Security 3.50% 5/1/2055<sup>8,10</sup>  | 89583 | 80860 |
|  | Uniform Mortgage-Backed Security 4.00% 5/1/2055<sup>8,10</sup>  | 89341 | 83273 |
|  | Uniform Mortgage-Backed Security 4.50% 5/1/2055<sup>8,10</sup>  | 3194 | 3055 |
|  | Uniform Mortgage-Backed Security 5.00% 5/1/2055<sup>8,10</sup>  | 4145 | 4058 |
|  | Uniform Mortgage-Backed Security 5.50% 5/1/2055<sup>8,10</sup>  | 1811 | 1807 |
|  | Uniform Mortgage-Backed Security 6.00% 5/1/2055<sup>8,10</sup>  | 225438 | 228722 |
|  | Uniform Mortgage-Backed Security 6.50% 5/1/2055<sup>8,10</sup>  | 4505 | 4640 |
|  | Uniform Mortgage-Backed Security 7.00% 5/1/2055<sup>8,10</sup>  | 49250 | 51490 |
|  | Uniform Mortgage-Backed Security 2.00% 6/1/2055<sup>8,10</sup>  | 64698 | 51348 |
|  | Uniform Mortgage-Backed Security 2.50% 6/1/2055<sup>8,10</sup>  | 79760 | 66337 |
|  | Uniform Mortgage-Backed Security 3.00% 6/1/2055<sup>8,10</sup>  | 26765 | 23235 |
|  | Uniform Mortgage-Backed Security 3.50% 6/1/2055<sup>8,10</sup>  | 16333 | 14739 |
|  | Uniform Mortgage-Backed Security 4.00% 6/1/2055<sup>8,10</sup>  | 21676 | 20199 |
|  | Uniform Mortgage-Backed Security 4.50% 6/1/2055<sup>8,10</sup>  | 8018 | 7665 |
|  | Uniform Mortgage-Backed Security 6.50% 6/1/2055<sup>8,10</sup>  | 16087 | 16553 |
|  | Uniform Mortgage-Backed Security 7.00% 6/1/2055<sup>8,10</sup>  | 123693 | 129321 |
|  |  |  | 5978854 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **0.41%** |  |  |  |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **0.41%** | ARES Commercial Mortgage Trust, Series 24-IND, Class A, <br>(1-month USD CME Term SOFR + 1.69%) 6.013% 7/15/2041<sup>7,8,9</sup>  | 447 | 448 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **0.41%** | Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.41% 3/15/2056<sup>8,9</sup>  | 5216 | 5420 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **0.41%** | Bank Commercial Mortgage Trust, Series 2024-5YR9, Class A3, 5.614% 8/15/2057<sup>8</sup>  | 637 | 660 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **0.41%** | Bank5, Series 2025-5YR14, Class C, 6.463% 4/15/2058<sup>8,9</sup>  | 312 | 310 |
|  | Bank5, Series 2025-5YR14, Class B, 6.474% 4/15/2058<sup>8,9</sup>  | 699 | 739 |
|  | Benchmark Mortgage Trust, Series 2024-V7, Class AS, 6.533% 6/15/2029<sup>8</sup>  | 1718 | 1808 |
|  | Benchmark Mortgage Trust, Series 2021-B25, Class A5, 2.577% 4/15/2054<sup>8</sup>  | 475 | 416 |
|  | Benchmark Mortgage Trust, Series 2023-B38, Class A4, 5.525% 4/15/2056<sup>8</sup>  | 6364 | 6603 |
|  | Benchmark Mortgage Trust, Series 2024-V7, Class A3, 6.228% 5/15/2056<sup>8,9</sup>  | 652 | 688 |
|  | Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/2057<sup>8</sup>  | 504 | 528 |
|  | Benchmark Mortgage Trust, Series 2024-V5, Class C, 6.973% 1/10/2057<sup>8,9</sup>  | 69 | 70 |
|  | Benchmark Mortgage Trust, Series 2024-V9, Class A3, 5.602% 8/15/2057<sup>8</sup>  | 291 | 301 |
|  | BMO Mortgage Trust, Series 2024-C10, Class A5, 5.478% 11/15/2057<sup>8,9</sup>  | 781 | 802 |
|  | BMO Mortgage Trust, Series 2024-C10, Class AS, 5.729% 11/15/2057<sup>8,9</sup>  | 132 | 132 |
|  | BMO Mortgage Trust, Series 2024-C10, Class C, 5.979% 11/15/2057<sup>8,9</sup>  | 224 | 219 |
|  | BMO Mortgage Trust, Series 2024-C10, Class B, 6.079% 11/15/2057<sup>8,9</sup>  | 193 | 194 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** |  |  |  |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | BMP Trust, Series 2024-MF23, Class A, (1-month USD CME Term SOFR + 1.372%) <br> 5.694% 6/15/2041<sup>7,8,9</sup>  | USD1,996 | $1997 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Boca Commercial Mortgage Trust, Series 2024-BOCA, Class A, <br>(1-month USD CME Term SOFR + 1.921%) 6.243% 8/15/2041<sup>7,8,9</sup>  | 4000 | 4000 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Boca Commercial Mortgage Trust, Series 2024-BOCA, Class B, <br>(1-month USD CME Term SOFR + 2.34%) 6.662% 8/15/2041<sup>7,8,9</sup>  | 1000 | 992 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Boca Commercial Mortgage Trust, Series 2024-BOCA, Class B, <br>(1-month USD CME Term SOFR + 2.839%) 7.161% 8/15/2041<sup>7,8,9</sup>  | 2000 | 1979 |
|  | BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) <br> 6.22% 4/15/2037<sup>7,8,9</sup>  | 31327 | 31399 |
|  | BX Commercial Mortgage Trust, Series 2024-GPA3, Class A, <br>(1-month USD CME Term SOFR + 1.293%) 5.672% 12/15/2039<sup>7,8,9</sup>  | 3139 | 3132 |
|  | BX Trust, Series 2024-FNX, Class A, (1-month USD CME Term SOFR + 1.442%) <br>5.764% 11/15/2026<sup>7,8,9</sup>  | 2527 | 2524 |
|  | BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) <br>6.437% 6/15/2027<sup>7,8,9</sup>  | 31020 | 31114 |
|  | BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) <br>5.764% 4/15/2029<sup>7,8,9</sup>  | 2467 | 2469 |
|  | BX Trust, Series 24-VLT4, Class A, (1-month USD CME Term SOFR + 1.491%) <br>5.813% 7/15/2029<sup>7,8,9</sup>  | 750 | 746 |
|  | BX Trust, Series 2024-KING, Class A, (1-month USD CME Term SOFR + 1.541%) <br>5.863% 5/15/2034<sup>7,8,9</sup>  | 436 | 437 |
|  | BX Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) <br>5.136% 9/15/2036<sup>7,8,9</sup>  | 55444 | 54952 |
|  | BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) <br>5.335% 10/15/2036<sup>7,8,9</sup>  | 26562 | 26377 |
|  | BX Trust, Series 2021-ARIA, Class C, (1-month USD CME Term SOFR + 1.76%) <br>6.082% 10/15/2036<sup>7,8,9</sup>  | 3984 | 3950 |
|  | BX Trust, Series 2021-ARIA, Class D, (1-month USD CME Term SOFR + 2.01%) <br>6.331% 10/15/2036<sup>7,8,9</sup>  | 1380 | 1367 |
|  | BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) <br>5.813% 4/15/2037<sup>7,8,9</sup>  | 9754 | 9761 |
|  | BX Trust, Series 2021-SOAR, Class A, (1-month USD CME Term SOFR + 0.784%) <br>5.106% 6/15/2038<sup>7,8,9</sup>  | 6112 | 6089 |
|  | BX Trust, Series 2021-SOAR, Class C, (1-month USD CME Term SOFR + 1.214%) <br>5.536% 6/15/2038<sup>7,8,9</sup>  | 862 | 856 |
|  | BX Trust, Series 2021-SOAR, Class D, (1-month USD CME Term SOFR + 1.514%) <br>5.836% 6/15/2038<sup>7,8,9</sup>  | 3272 | 3249 |
|  | BX Trust, Series 2021-ACNT, Class B, (1-month USD CME Term SOFR + 1.364%) <br>5.686% 11/15/2038<sup>7,8,9</sup>  | 1711 | 1703 |
|  | BX Trust, Series 2021-ACNT, Class C, (1-month USD CME Term SOFR + 1.614%) <br>5.936% 11/15/2038<sup>7,8,9</sup>  | 336 | 334 |
|  | BX Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) <br>6.286% 11/15/2038<sup>7,8,9</sup>  | 961 | 955 |
|  | BX Trust, Series 2024-AIRC, Class A, (1-month USD CME Term SOFR + 1.691%) <br>6.013% 8/15/2039<sup>7,8,9</sup>  | 5706 | 5715 |
|  | BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) <br>6.773% 8/15/2039<sup>7,8,9</sup>  | 4100 | 4095 |
|  | BX Trust, Series 2024-BIO2, Class A, 5.413% 8/13/2041<sup>7,8,9</sup>  | 3613 | 3644 |
|  | BX Trust, Series 2024-GPA2, Class A, (1-month USD CME Term SOFR + 1.542%) <br>5.864% 11/15/2041<sup>7,8,9</sup>  | 2898 | 2902 |
|  | BX Trust, Series 2025-BIO3, Class A, 6.138% 2/10/2042<sup>7,8</sup>  | 2761 | 2825 |
|  | CALI Mortgage Trust, Series 24-SUN, Class A, (1-month USD CME Term SOFR + 1.89%) <br> 6.213% 7/15/2041<sup>7,8,9</sup>  | 1135 | 1137 |
|  | CART, Series 2024-DFW1, Class A, (1-month USD CME Term SOFR + 1.642%) <br>6.942% 8/15/2041<sup>7,8,9</sup>  | 1475 | 1470 |
|  | Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, <br>6.015% 10/12/2040<sup>7,8,9</sup>  | 22540 | 23253 |
|  | DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.728% 8/12/2043<sup>7,8,9</sup>  | 51770 | 53014 |
|  | DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.14% 9/10/2040<sup>7,8,9</sup>  | 1031 | 1056 |
|  | DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.14% 9/10/2040<sup>7,8,9</sup>  | 680 | 701 |
|  | ELM Trust 2024, Series 2024-ELM, Class A15, 5.801% 6/10/2039<sup>7,8,9</sup>  | 4579 | 4610 |
|  | ELM Trust 2024, Series 2024-ELM, Class A10, 5.994% 6/10/2039<sup>7,8,9</sup>  | 4599 | 4667 |
|  | ELM Trust 2024, Series 2024-ELM, Class B10, 6.195% 6/10/2039<sup>7,8,9</sup>  | 880 | 890 |
|  | Extended Stay America Trust, Series 2021-ESH, Class A, <br>(1-month USD CME Term SOFR + 1.194%) 5.516% 7/15/2038<sup>7,8,9</sup>  | 9021 | 9016 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** |  |  |  |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Extended Stay America Trust, Series 2021-ESH, Class C, <br>(1-month USD CME Term SOFR + 1.814%) 6.136% 7/15/2038<sup>7,8,9</sup>  | USD1,032 | $1029 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Extended Stay America Trust, Series 2021-ESH, Class D, <br>(1-month USD CME Term SOFR + 2.364%) 6.686% 7/15/2038<sup>7,8,9</sup>  | 1081 | 1078 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | Fontainebleau Miami Beach Trust, Series 2024-FBLU, Class A, <br>(1-month USD CME Term SOFR + 1.45%) 5.772% 12/15/2029<sup>7,8,9</sup>  | 2667 | 2650 |
| **Commercial**<br> **mortgage-backed**<br> **securities**<br> **(continued)** | FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/2039<sup>7,8</sup>  | 3231 | 3328 |
|  | FS Trust, Series 2024-HULA, Class A, (1-month USD CME Term SOFR + 1.811%) <br>6.133% 8/15/2039<sup>7,8,9</sup>  | 4000 | 4006 |
|  | FS Trust, Series 2024-HULA, Class D, (1-month USD CME Term SOFR + 2.94%) <br>7.261% 8/15/2039<sup>7,8,9</sup>  | 1000 | 995 |
|  | Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) <br> 6.013% 5/15/2041<sup>7,8,9</sup>  | 3164 | 3168 |
|  | GS Mortgage Securities Trust, Series 2024-70P, Class A, 4.956% 3/10/2041<sup>7,8,9</sup>  | 3831 | 3833 |
|  | Hawaii Hotel Trust, Series 2025-MAUI, Class A, <br>(1-month USD CME Term SOFR + 1.393%) 5.715% 3/15/2042<sup>7,8,9</sup>  | 16304 | 16178 |
|  | Hawaii Hotel Trust, Series 2025-MAUI, Class C, <br>(1-month USD CME Term SOFR + 2.042%) 6.364% 3/15/2042<sup>7,8,9</sup>  | 211 | 209 |
|  | Hawaii Hotel Trust, Series 2025-MAUI, Class D, <br>(1-month USD CME Term SOFR + 2.591%) 6.913% 3/15/2042<sup>7,8,9</sup>  | 407 | 403 |
|  | Hawaii Hotel Trust, Series 2025-MAUI, Class E, (1-month USD CME Term SOFR + 3.29%) <br> 7.612% 3/15/2042<sup>7,8,9</sup>  | 735 | 707 |
|  | Hilton USA Trust, Series 2024-ORL, Class A, (1-month USD CME Term SOFR + 1.541%) <br> 5.863% 5/15/2037<sup>7,8,9</sup>  | 750 | 748 |
|  | HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/2039<sup>7,8,9</sup>  | 591 | 599 |
|  | Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.649% 1/13/2040<sup>7,8,9</sup>  | 23783 | 24470 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, <br> 3.377% 1/5/2039<sup>7,8</sup>  | 871 | 773 |
|  | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, <br> 3.565% 1/5/2039<sup>7,8,9</sup>  | 219 | 186 |
|  | JW Commercial Mortgage Trust 2024-MRCO, Series 2024-BERY, Class A, <br>(1-month USD CME Term SOFR + 1.593%) 5.915% 11/15/2039<sup>7,8,9</sup>  | 1151 | 1147 |
|  | KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, <br>(1-month USD CME Term SOFR + 1.542%) 5.864% 12/15/2039<sup>7,8,9</sup>  | 4620 | 4585 |
|  | Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, <br>(30-day Average USD-SOFR + 4.00%) 8.354% 11/25/2053<sup>7,8,9</sup>  | 308 | 320 |
|  | Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, <br>(30-day Average USD-SOFR + 6.50%) 10.854% 11/25/2053<sup>7,8,9</sup>  | 1350 | 1517 |
|  | NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.286% 2/10/2047<sup>7,8,9</sup>  | 1532 | 1583 |
|  | NY Commercial Mortgage Trust, Series 2025-299P, Class B, 5.533% 2/10/2047<sup>7,8,9</sup>  | 370 | 376 |
|  | NY Commercial Mortgage Trust, Series 2025-299P, Class C, 5.761% 2/10/2047<sup>7,8,9</sup>  | 427 | 425 |
|  | SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, <br>(1-month USD CME Term SOFR + 1.392%) 5.714% 5/15/2039<sup>7,8,9</sup>  | 2832 | 2809 |
|  | SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, <br>(1-month USD CME Term SOFR + 1.741%) 6.063% 5/15/2039<sup>7,8,9</sup>  | 486 | 475 |
|  | SHR Trust, Series 2024-LXRY, Class A, (1-month USD CME Term SOFR + 1.95%) <br>6.272% 10/15/2041<sup>7,8,9</sup>  | 3000 | 2994 |
|  | SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) <br> 5.167% 11/15/2038<sup>7,8,9</sup>  | 30249 | 30129 |
|  | SREIT Trust, Series 2021-MFP, Class C, (1-month USD CME Term SOFR + 1.443%) <br> 5.765% 11/15/2038<sup>7,8,9</sup>  | 871 | 866 |
|  | SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, <br>(1-month USD CME Term SOFR + 1.443%) 5.765% 3/15/2042<sup>7,8,9</sup>  | 3587 | 3531 |
|  | Wells Fargo Commercial Mortgage Trust, Series 2024-5C2, Class A3, 5.92% <br> 11/15/2057<sup>8</sup>  | 5186 | 5440 |
|  |  |  | 449272 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** |  |  |  |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** | Angel Oak Mortgage Trust, Series 2024-7, Class A1, <br>5.621% 5/25/2069 (6.621% on 7/1/2028)<sup>7,8,11</sup>  | 2073 | 2078 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** | Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/2048<sup>7,8,9</sup>  | 8980 | 8096 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** | Bear Stearns ARM Trust, Series 2003-8, Class IIIA, 3.874% 1/25/2034<sup>8,9</sup>  | 275 | 213 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** | BRAVO Residential Funding Trust, Series 2020-RPL1, Class A1, <br>2.50% 5/26/2059<sup>7,8,9</sup>  | 711 | 695 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **0.26%** | BRAVO Residential Funding Trust, Series 2024-NQM1, Class A1, <br>5.943% 12/1/2063 (6.943% on 1/1/2028)<sup>7,8,11</sup>  | 975 | 980 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** |  |  |  |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | BRAVO Residential Funding Trust, Series 2025-NQM1, Class A1, <br>5.604% 12/25/2064<sup>7,8,11</sup>  | USD950 | $954 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/2033<sup>7,8,9</sup>  | 675 | 663 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/2033<sup>7,8,9</sup>  | 153 | 152 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Cascade Funding Mortgage Trust, Series 2024-HB15, Class A, 4.00% 8/25/2034<sup>7,8,9</sup>  | 326 | 322 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Cascade Funding Mortgage Trust, Series 2024-RM5, Class A, 4.00% 10/25/2054<sup>7,8,9</sup>  | 1924 | 1884 |
|  | Cascade Funding Mortgage Trust, Series 2024-R1, Class A1, <br>4.00% 10/25/2054 (5.00% on 10/25/2028)<sup>7,8,11</sup>  | 978 | 959 |
|  | CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/2061<sup>7,8,9</sup>  | 13281 | 12607 |
|  | CIM Trust, Series 2024-R1, Class A1, 4.75% 6/25/2064<sup>7,8,9</sup>  | 2221 | 2195 |
|  | COLT Funding, LLC, Series 2024-INV3, Class A1, <br>5.443% 9/25/2069 (6.443% on 8/1/2028)<sup>7,8,11</sup>  | 904 | 905 |
|  | Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, <br>(30-day Average USD-SOFR + 1.90%) 6.254% 6/25/2043<sup>7,8,9</sup>  | 9776 | 9853 |
|  | Connecticut Avenue Securities Trust, Series 2024-R04, Class 1M1, <br>(30-day Average USD-SOFR + 1.10%) 5.454% 5/25/2044<sup>7,8,9</sup>  | 185 | 185 |
|  | CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, <br>7.50% 11/25/2032<sup>8</sup>  | 72 | 74 |
|  | CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, <br>7.50% 12/25/2032<sup>8</sup>  | 62 | 64 |
|  | CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, <br>6.50% 7/25/2033<sup>8</sup>  | 60 | 61 |
|  | Finance of America Structured Securities Trust, Series 2019-JR1, Class A, <br>2.00% 3/25/2069<sup>7,8</sup>  | 6630 | 8027 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A, <br> (30-day Average USD-SOFR + 2.00%) 6.354% 4/25/2042<sup>7,8,9</sup>  | 3823 | 3870 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, <br>(30-day Average USD-SOFR + 2.15%) 6.504% 9/25/2042<sup>7,8,9</sup>  | 1180 | 1188 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, <br> (30-day Average USD-SOFR + 3.70%) 8.054% 9/25/2042<sup>7,8,9</sup>  | 5838 | 6117 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class M1, <br>(30-day Average USD-SOFR + 1.00%) 5.354% 10/25/2044<sup>7,8,9</sup>  | 803 | 802 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2024-DNA3, Class A1, <br>(30-day Average USD-SOFR + 1.05%) 5.404% 10/25/2044<sup>7,8,9</sup>  | 636 | 635 |
|  | GCAT Trust, Series 2024-NQM2, Class A1, 6.085% 6/25/2059 <br>(7.359% on 5/1/2028)<sup>7,8,11</sup>  | 128 | 129 |
|  | Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/2039<sup>7,8</sup>  | 6211 | 6140 |
|  | Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 <br> (8.369% on 11/1/2026)<sup>7,8,11</sup>  | 12373 | 12447 |
|  | IRV Trust, Series 2025-200P, Class A, 5.295% 3/14/2047<sup>7,8,9</sup>  | 45617 | 45793 |
|  | IRV Trust, Series 2025-200P, Class B, 5.44% 3/14/2047<sup>7,8,9</sup>  | 2000 | 1979 |
|  | JP Morgan Mortgage Trust, Series 2021-6, Class A6, 2.50% 10/25/2051<sup>7,8,9</sup>  | 683 | 636 |
|  | JP Morgan Mortgage Trust, Series 2021-7, Class A6, 2.50% 11/25/2051<sup>7,8,9</sup>  | 715 | 665 |
|  | JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, 6.00% 4/25/2055<sup>7,8,9</sup>  | 393 | 398 |
|  | Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, <br>7.00% 2/25/2061 (8.00% on 4/27/2026)<sup>7,8,11</sup>  | 12359 | 12406 |
|  | Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, <br>5.75% 4/25/2061<sup>7,8</sup>  | 1590 | 1591 |
|  | Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, <br>2.25% 7/25/2067 (6.25% on 11/25/2025)<sup>7,8,11</sup>  | 6570 | 6560 |
|  | Mill City Mortgage Trust, Series 2018-1, Class A1, 3.25% 5/25/2062<sup>7,8,9</sup>  | 47 | 46 |
|  | Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM2, Class A1, <br>6.386% 5/25/2069 (7.386% on 5/1/2028)<sup>7,8,11</sup>  | 262 | 265 |
|  | NRZ Excess Spread Collateralized Notes, Series 2025-FHT1, Class A, <br>6.545% 3/25/2032<sup>7,8,11</sup>  | 1751 | 1743 |
|  | Onslow Bay Financial, LLC, Series 2022-NQM6, Class A1, <br>4.70% 7/25/2062 (5.70% on 6/1/2026)<sup>7,8,11</sup>  | 335 | 336 |
|  | Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, <br>6.067% 1/25/2064 (7.067% on 2/1/2028)<sup>7,8,11</sup>  | 8260 | 8315 |
|  | Onslow Bay Financial, LLC, Series 2024-NQM7, Class A1, <br>6.243% 3/25/2064 (7.243% on 4/1/2028)<sup>7,8,11</sup>  | 6457 | 6518 |
|  | Onslow Bay Financial, LLC, Series 2024-NQM8, Class A1, <br>6.233% 5/25/2064 (7.233% on 5/1/2028)<sup>7,8,11</sup>  | 501 | 506 |
|  | Onslow Bay Financial, LLC, Series 2025-NQM3, Class A1, <br>5.648% 12/1/2064 (6.648% on 2/1/2029)<sup>7,8,11</sup>  | 2733 | 2747 |
|  | Onslow Bay Financial, LLC, Series 2025-NQM1, Class A1, <br>5.547% 12/25/2064 (6.547% on 12/1/2028)<sup>7,8,11</sup>  | 2144 | 2150 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Mortgage-backed obligations (continued)** |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** |  |  |  |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Progress Residential Trust, Series 2024-SFR5, Class A, 3.00% 8/9/2029<sup>7,8</sup>  | USD3,419 | $3201 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Progress Residential Trust, Series 2024-SFR2, Class A, 3.30% 4/17/2041<sup>7,8</sup>  | 14920 | 14137 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Progress Residential Trust, Series 2024-SFR3, Class A, 3.00% 6/17/2041<sup>7,8</sup>  | 2247 | 2098 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | PRP Advisors, LLC, Series 2025-RPL3, Class A1, <br>3.25% 4/25/2055 (4.25% on 4/1/2028)<sup>7,8,11</sup>  | 13064 | 12419 |
| **Collateralized**<br> **mortgage-backed**<br> **obligations (privately**<br> **originated)**<br> **(continued)** | Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/2031<sup>7,8,9</sup>  | 230 | 229 |
|  | Towd Point Mortgage Trust, Series 2015-5, Class B1, 4.006% 5/25/2055<sup>7,8,9</sup>  | 400 | 393 |
|  | Towd Point Mortgage Trust, Series 2016-2, Class M1, 3.00% 8/25/2055<sup>7,8,9</sup>  | 1118 | 1099 |
|  | Towd Point Mortgage Trust, Series 2016-3, Class M2, 4.00% 4/25/2056<sup>7,8,9</sup>  | 1194 | 1184 |
|  | Towd Point Mortgage Trust, Series 2017-1, Class A2, 3.50% 10/25/2056<sup>7,8,9</sup>  | 540 | 535 |
|  | Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/2057<sup>7,8,9</sup>  | 316 | 308 |
|  | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/2057<sup>7,8,9</sup>  | 440 | 431 |
|  | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00% 1/25/2058<sup>7,8,9</sup>  | 960 | 946 |
|  | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/2058<sup>7,8,9</sup>  | 452 | 446 |
|  | Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/2058<sup>7,8,9</sup>  | 124 | 123 |
|  | Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/2060<sup>7,8</sup>  | 50339 | 45828 |
|  | Towd Point Mortgage Trust, Series 2024-3, Class A1A, 5.109% 7/25/2065<sup>7,8,9</sup>  | 349 | 354 |
|  | Treehouse Park Improvement Association No.1 9.75% 12/1/2033<sup>2,7</sup>  | 5473 | 5473 |
|  | Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/2038<sup>7,8</sup>  | 19490 | 18912 |
|  | Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75% 6/17/2040<sup>7,8</sup>  | 944 | 943 |
|  | Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/2040<sup>7,8</sup>  | 2677 | 2701 |
|  | Verus Securitization Trust, Series 2024-4, Class A1, <br>6.218% 6/25/2069 (7.218% on 5/1/2028)<sup>7,8,11</sup>  | 209 | 210 |
|  | Verus Securitization Trust, Series 24-R1, Class A1, <br>5.218% 9/25/2069 (6.218% on 10/1/2028)<sup>7,8,11</sup>  | 747 | 747 |
|  | Verus Securitization Trust, Series 2024-9, Class A1, 5.438% 11/25/2069<sup>7,8,9</sup>  | 223 | 223 |
|  |  |  | 287889 |
|  | **Total mortgage-backed obligations** |  | 6716015 |
| **U.S. Treasury bonds & notes 5.41%** | **U.S. Treasury bonds & notes 5.41%** | **U.S. Treasury bonds & notes 5.41%** | **U.S. Treasury bonds & notes 5.41%** |
| **U.S. Treasury**<br> **5.41%** |  |  |  |
| **U.S. Treasury**<br> **5.41%** | U.S. Treasury 4.25% 5/31/2025 | 5000 | 4999 |
| **U.S. Treasury**<br> **5.41%** | U.S. Treasury 3.00% 7/15/2025 | 45000 | 44880 |
|  | U.S. Treasury 4.75% 7/31/2025 | 2000 | 2002 |
|  | U.S. Treasury 6.875% 8/15/2025<sup>1</sup>  | 145145 | 146676 |
|  | U.S. Treasury 4.50% 11/15/2025 | 15350 | 15379 |
|  | U.S. Treasury 4.00% 12/15/2025 | 21000 | 21000 |
|  | U.S. Treasury 4.25% 1/31/2026 | 182000 | 182306 |
|  | U.S. Treasury 6.00% 2/15/2026 | 206000 | 209649 |
|  | U.S. Treasury 4.375% 7/31/2026<sup>12</sup>  | 875000 | 881195 |
|  | U.S. Treasury 6.75% 8/15/2026 | 35000 | 36399 |
|  | U.S. Treasury 4.625% 9/15/2026 | 35602 | 36023 |
|  | U.S. Treasury 4.625% 10/15/2026 | 25100 | 25421 |
|  | U.S. Treasury 4.625% 11/15/2026 | 3000 | 3041 |
|  | U.S. Treasury 6.50% 11/15/2026 | 178000 | 186330 |
|  | U.S. Treasury 4.25% 12/31/2026 | 250000 | 252299 |
|  | U.S. Treasury 2.25% 2/15/2027 | 75 | 73 |
|  | U.S. Treasury 6.625% 2/15/2027 | 65000 | 68613 |
|  | U.S. Treasury 3.75% 4/30/2027 | 635 | 637 |
|  | U.S. Treasury 2.625% 5/31/2027 | 6500 | 6373 |
|  | U.S. Treasury 3.75% 8/15/2027 | 353000 | 354286 |
|  | U.S. Treasury 6.375% 8/15/2027 | 54937 | 58330 |
|  | U.S. Treasury 6.125% 11/15/2027<sup>12</sup>  | 296294 | 314650 |
|  | U.S. Treasury 3.875% 12/31/2027 | 123463 | 124440 |
|  | U.S. Treasury 4.25% 2/15/2028 | 30000 | 30529 |
|  | U.S. Treasury 3.75% 4/15/2028 | 3000 | 3014 |
|  | U.S. Treasury 4.125% 7/31/2028 | 207000 | 210278 |
|  | U.S. Treasury 2.875% 8/15/2028 | 148319 | 144995 |
|  | U.S. Treasury 4.00% 1/31/2029 | 423733 | 429016 |
|  | U.S. Treasury 4.50% 5/31/2029 | 125100 | 129036 |
|  | U.S. Treasury 3.625% 8/31/2029 | 7541 | 7526 |
|  | U.S. Treasury 4.375% 12/31/2029 | 219000 | 225295 |
|  | U.S. Treasury 4.00% 2/28/2030 | 9000 | 9119 |
|  | U.S. Treasury 3.875% 4/30/2030 | 20296 | 20449 |
|  | U.S. Treasury 6.25% 5/15/2030 | 198563 | 221305 |
|  | U.S. Treasury 4.25% 6/30/2031 | 20000 | 20417 |
|  | U.S. Treasury 3.75% 8/31/2031 | 8283 | 8220 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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 bonds & notes (continued)** |
| **U.S. Treasury**<br> **(continued)** |  |  |  |
| **U.S. Treasury**<br> **(continued)** | U.S. Treasury 4.375% 1/31/2032 | USD10,000 | $10267 |
| **U.S. Treasury**<br> **(continued)** | U.S. Treasury 1.875% 2/15/2032 | 100000 | 87825 |
|  | U.S. Treasury 4.125% 2/29/2032 | 114000 | 115367 |
|  | U.S. Treasury 4.125% 3/31/2032 | 3000 | 3036 |
|  | U.S. Treasury 4.00% 4/30/2032 | 2500 | 2512 |
|  | U.S. Treasury 2.875% 5/15/2032<sup>12</sup>  | 278476 | 260223 |
|  | U.S. Treasury 3.875% 8/15/2034 | 50000 | 48992 |
|  | U.S. Treasury 4.25% 11/15/2034 | 5665 | 5709 |
|  | U.S. Treasury 4.625% 2/15/2035 | 60133 | 62402 |
|  | U.S. Treasury 4.50% 8/15/2039 | 25000 | 25098 |
|  | U.S. Treasury 4.75% 2/15/2041<sup>12</sup>  | 136000 | 139015 |
|  | U.S. Treasury 4.00% 11/15/2042 | 12950 | 11942 |
|  | U.S. Treasury 4.75% 11/15/2043 | 27016 | 27309 |
|  | U.S. Treasury 4.625% 5/15/2044 | 27000 | 26789 |
|  | U.S. Treasury 4.125% 8/15/2044 | 7000 | 6488 |
|  | U.S. Treasury 4.625% 11/15/2044 | 4000 | 3964 |
|  | U.S. Treasury 4.75% 2/15/2045 | 12471 | 12565 |
|  | U.S. Treasury 3.00% 5/15/2047 | 108296 | 82057 |
|  | U.S. Treasury 3.00% 2/15/2049<sup>12</sup>  | 112916 | 84105 |
|  | U.S. Treasury 1.375% 8/15/2050<sup>12</sup>  | 38101 | 19027 |
|  | U.S. Treasury 2.00% 8/15/2051 | 37789 | 22077 |
|  | U.S. Treasury 2.25% 2/15/2052<sup>12</sup>  | 207137 | 128231 |
|  | U.S. Treasury 3.00% 8/15/2052<sup>12</sup>  | 136283 | 99753 |
|  | U.S. Treasury 4.00% 11/15/2052 | 11585 | 10286 |
|  | U.S. Treasury 4.75% 11/15/2053 | 60200 | 60614 |
|  | U.S. Treasury 4.625% 5/15/2054 | 291 | 287 |
|  | U.S. Treasury 4.25% 8/15/2054 | 3663 | 3401 |
|  | U.S. Treasury 4.50% 11/15/2054 | 12472 | 12089 |
|  | U.S. Treasury 4.625% 2/15/2055 | 114500 | 113417 |
|  | **Total U.S. Treasury bonds & notes** |  | 5919047 |
| **Corporate bonds, notes & loans 2.75%** | **Corporate bonds, notes & loans 2.75%** | **Corporate bonds, notes & loans 2.75%** | **Corporate bonds, notes & loans 2.75%** |
| **Financials**<br> **0.53%** |  |  |  |
| **Financials**<br> **0.53%** | ACE Capital Trust II, junior subordinated, 9.70% 4/1/2030 | 7210 | 8577 |
| **Financials**<br> **0.53%** | Aero Capital Solutions, Inc., Term Loan, (1-month USD CME Term SOFR + 3.00%) <br>7.61% 11/17/2029<sup>2,7,9,13</sup>  | 8658 | 8593 |
|  | AIB Group PLC 5.75% 2/16/2029 (1-year EUR Mid-Swap + 2.85% on 2/16/2028)<sup>11</sup>  | EUR2,000 | 2435 |
|  | AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028)<sup>7,11</sup>  | USD450 | 476 |
|  | AIB Group PLC 2.875% 5/30/2031 (5-year EUR Mid-Swap + 3.30% on 5/30/2026)<sup>11</sup>  | EUR1,000 | 1128 |
|  | Alpha Bank SA 6.875% 6/27/2029 <br>(1-year EUR-ICE Swap EURIBOR + 3.793% on 6/27/2028)<sup>11</sup>  | 3040 | 3793 |
|  | Alpha Bank SA 5.00% 5/12/2030 <br>(1-year EUR-ICE Swap EURIBOR + 2.432% on 5/12/2029)<sup>11</sup>  | 1060 | 1269 |
|  | Alpha Bank SA 5.50% 6/11/2031 (5-year EUR Mid-Swap + 5.823% on 6/11/2026)<sup>11</sup>  | 3000 | 3444 |
|  | American Express Co. 5.085% 1/30/2031 (USD-SOFR + 1.02% on 1/30/2030)<sup>11</sup>  | USD4,000 | 4074 |
|  | American Express Co. 5.442% 1/30/2036 (USD-SOFR + 1.32% on 1/30/2035)<sup>11</sup>  | 1358 | 1371 |
|  | AmWINS Group, Inc. 6.375% 2/15/2029<sup>7</sup>  | 935 | 947 |
|  | Arthur J. Gallagher & Co. 4.85% 12/15/2029 | 5492 | 5563 |
|  | Arthur J. Gallagher & Co. 5.00% 2/15/2032 | 1964 | 1974 |
|  | Athene Global Funding 4.86% 8/27/2026<sup>7</sup>  | 2500 | 2511 |
|  | Bank of America Corp. 3.419% 12/20/2028 <br>(3-month USD CME Term SOFR + 1.302% on 12/20/2027)<sup>11</sup>  | 1214 | 1181 |
|  | Bank of America Corp. 2.884% 10/22/2030 <br>(3-month USD CME Term SOFR + 1.19% on 10/22/2029)<sup>11</sup>  | 763 | 708 |
|  | Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030)<sup>11</sup>  | 5479 | 4728 |
|  | Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031)<sup>11</sup>  | 1200 | 1032 |
|  | Bank of America Corp. 5.511% 1/24/2036 (USD-SOFR + 1.31% on 1/24/2035)<sup>11</sup>  | 12999 | 13181 |
|  | Bank of America Corp. 3.846% 3/8/2037 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 3/8/2032)<sup>11</sup>  | 5000 | 4460 |
|  | Bank of New York Mellon Corp. 4.942% 2/11/2031 <br>(USD-SOFR + 0.887% on 2/11/2030)<sup>11</sup>  | 3041 | 3095 |
|  | Bank of New York Mellon Corp. 5.06% 7/22/2032 (USD-SOFR + 1.23% on 7/22/2031)<sup>11</sup>  | 1779 | 1807 |
|  | BlackRock Funding, Inc. 5.00% 3/14/2034 | 1000 | 1014 |
|  | BlackRock Funding, Inc. 5.25% 3/14/2054 | 1801 | 1706 |
|  | Blackstone, Inc. 5.00% 12/6/2034 | 12000 | 11767 |
|  | Block, Inc. 6.50% 5/15/2032<sup>7</sup>  | 6835 | 6982 |
|  | Boost Newco Borrower, LLC 7.50% 1/15/2031<sup>7</sup>  | 14000 | 14787 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Financials**<br> **(continued)** |  |  |  |
| **Financials**<br> **(continued)** | BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026)<sup>7,11</sup>  | USD2,000 | $2016 |
| **Financials**<br> **(continued)** | BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028)<sup>7,11</sup>  | 3500 | 3699 |
|  | BPCE SA 5.936% 5/30/2035 (USD-SOFR + 1.85% on 5/30/2034)<sup>7,11</sup>  | 3750 | 3795 |
|  | BPCE SA 6.293% 1/14/2036 (USD-SOFR + 2.04% on 1/14/2035)<sup>7,11</sup>  | 2650 | 2746 |
|  | CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)<sup>7,11</sup>  | 2325 | 2419 |
|  | CaixaBank, SA 5.00% 7/19/2029 (3-month EUR-EURIBOR + 1.65% on 7/19/2028)<sup>11</sup>  | EUR2,000 | 2414 |
|  | CaixaBank, SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029)<sup>7,11</sup>  | USD1,350 | 1393 |
|  | CaixaBank, SA 6.037% 6/15/2035 (USD-SOFR + 2.26% on 9/15/2034)<sup>7,11</sup>  | 925 | 956 |
|  | Canadian Imperial Bank of Commerce 4.508% 9/11/2027 <br>(USD-SOFR + 0.93% on 9/11/2026)<sup>11</sup>  | 3000 | 3003 |
|  | Canadian Imperial Bank of Commerce 4.631% 9/11/2030 <br>(USD-SOFR + 1.335% on 9/11/2029)<sup>11</sup>  | 1272 | 1268 |
|  | Canadian Imperial Bank of Commerce 5.245% 1/13/2031 <br>(USD-SOFR + 1.105% on 1/13/2030)<sup>11</sup>  | 1000 | 1021 |
|  | Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)<sup>11</sup>  | 793 | 809 |
|  | Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029)<sup>11</sup>  | 1741 | 1784 |
|  | Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033)<sup>11</sup>  | 1750 | 1826 |
|  | Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034)<sup>11</sup>  | 4069 | 4162 |
|  | Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033)<sup>11</sup>  | 538 | 562 |
|  | Chubb INA Holdings, LLC 4.65% 8/15/2029 | 3000 | 3053 |
|  | Chubb INA Holdings, LLC 5.00% 3/15/2034 | 1085 | 1087 |
|  | Chubb INA Holdings, LLC 4.35% 11/3/2045 | 3230 | 2744 |
|  | Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032)<sup>11</sup>  | 8537 | 7503 |
|  | Citigroup, Inc. 5.333% 3/27/2036 (USD-SOFR + 1.465% on 3/27/2035)<sup>11</sup>  | 4982 | 4944 |
|  | Citigroup, Inc., Series CC, 7.125% junior subordinated perpetual bonds <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.693% on 5/15/2029)<sup>11</sup>  | 3000 | 2966 |
|  | Citigroup, Inc., Series T, 7.00% junior subordinated perpetual bonds <br>(10-year UST Yield Curve Rate T Note Constant Maturity + 2.757% on 8/15/2034)<sup>11</sup>  | 2000 | 1989 |
|  | Citizens Financial Group, Inc. 5.841% 1/23/2030 (USD-SOFR + 2.01% on 1/23/2029)<sup>11</sup>  | 2120 | 2171 |
|  | Citizens Financial Group, Inc. 5.718% 7/23/2032 (USD-SOFR + 1.91% on 7/23/2031)<sup>11</sup>  | 495 | 504 |
|  | Coinbase Global, Inc. 3.375% 10/1/2028<sup>7</sup>  | 8700 | 8015 |
|  | Coinbase Global, Inc. 3.625% 10/1/2031<sup>7</sup>  | 3600 | 3127 |
|  | Compass Group Diversified Holdings, LLC 5.25% 4/15/2029<sup>7</sup>  | 1500 | 1417 |
|  | Corebridge Global Funding 5.35% 6/24/2026<sup>7</sup>  | 2500 | 2530 |
|  | Corebridge Global Funding 5.20% 6/24/2029<sup>7</sup>  | 3000 | 3053 |
|  | Danske Bank AS 6.259% 9/22/2026 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 1.18% on 9/22/2025)<sup>7,11</sup>  | 3000 | 3017 |
|  | Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)<sup>11</sup>  | 1700 | 1783 |
|  | Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028)<sup>11</sup>  | 2818 | 2995 |
|  | Deutsche Bank AG 4.999% 9/11/2030 (USD-SOFR + 1.70% on 9/11/2029)<sup>11</sup>  | 6850 | 6859 |
|  | Deutsche Bank AG 5.403% 9/11/2035 (USD-SOFR + 2.05% on 9/11/2034)<sup>11</sup>  | 4650 | 4542 |
|  | Eurobank SA 5.875% 11/28/2029 (1-year EUR Mid-Swap + 2.83% on 11/28/2028)<sup>11</sup>  | EUR3,200 | 3934 |
|  | Eurobank SA 4.00% 9/24/2030 (1-year EUR Mid-Swap + 2.127% on 9/24/2029)<sup>11</sup>  | 955 | 1104 |
|  | Eurobank SA 4.875% 4/30/2031 (5-year EUR Mid-Swap + 2.165% on 4/30/2030)<sup>11</sup>  | 8692 | 10433 |
|  | Fifth Third Bancorp 4.895% 9/6/2030 (USD-SOFR + 1.486% on 9/6/2029)<sup>11</sup>  | USD175 | 175 |
|  | First Citizens BancShares, Inc. 5.231% 3/12/2031 (USD-SOFR + 1.41% on 3/12/2030)<sup>11</sup>  | 703 | 702 |
|  | Goldman Sachs Group, Inc. 4.937% 4/23/2028 <br>(USD-SOFR + 1.319% on 4/23/2027)<sup>11</sup>  | 3500 | 3533 |
|  | Goldman Sachs Group, Inc. 6.484% 10/24/2029 <br>(USD-SOFR + 1.77% on 10/24/2028)<sup>11</sup>  | 2000 | 2123 |
|  | Goldman Sachs Group, Inc. 5.727% 4/25/2030 <br>(USD-SOFR + 1.265% on 4/25/2029)<sup>11</sup>  | 750 | 778 |
|  | Goldman Sachs Group, Inc. 4.692% 10/23/2030 <br>(USD-SOFR + 1.135% on 10/23/2029)<sup>11</sup>  | 6439 | 6425 |
|  | Goldman Sachs Group, Inc. 3.102% 2/24/2033 <br>(USD-SOFR + 1.41% on 2/24/2032)<sup>11</sup>  | 12500 | 11028 |
|  | Goldman Sachs Group, Inc. 5.851% 4/25/2035 <br>(USD-SOFR + 1.552% on 4/25/2034)<sup>11</sup>  | 7129 | 7353 |
|  | Goldman Sachs Group, Inc. 5.536% 1/28/2036 <br>(USD-SOFR + 1.38% on 1/28/2035)<sup>11</sup>  | 1000 | 1010 |
|  | Goldman Sachs Group, Inc. 2.908% 7/21/2042 <br>(USD-SOFR + 1.40% on 7/21/2041)<sup>11</sup>  | 61 | 42 |
|  | Goldman Sachs Group, Inc. 3.436% 2/24/2043 <br>(USD-SOFR + 1.632% on 2/24/2042)<sup>11</sup>  | 666 | 496 |
|  | Goldman Sachs Group, Inc. 5.734% 1/28/2056 <br>(USD-SOFR + 1.696% on 1/28/2055)<sup>11</sup>  | 12000 | 11697 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Financials**<br> **(continued)** |  |  |  |
| **Financials**<br> **(continued)** | Goldman Sachs Group, Inc. 7.50% junior subordinated perpetual bonds <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.809% on 5/10/2029)<sup>11</sup>  | USD3,000 | $3067 |
| **Financials**<br> **(continued)** | Goldman Sachs Group, Inc., Series Y, 6.125% junior subordinated perpetual bonds <br> non-cumulative depositary (10-year UST Yield Curve Rate T Note Constant Maturity + <br> 2.40% on 11/10/2034)<sup>11</sup>  | 2000 | 1891 |
|  | HSBC Holdings PLC 4.583% 6/19/2029 <br>(3-month USD CME Term SOFR + 1.796% on 6/19/2028)<sup>11</sup>  | 6000 | 5983 |
|  | HSBC Holdings PLC 2.206% 8/17/2029 (USD-SOFR + 1.285% on 8/17/2028)<sup>11</sup>  | 776 | 716 |
|  | HSBC Holdings PLC 2.871% 11/22/2032 (USD-SOFR + 1.41% on 11/22/2031)<sup>11</sup>  | 4128 | 3614 |
|  | HSBC Holdings PLC 5.45% 3/3/2036 (USD-SOFR + 1.56% on 3/3/2035)<sup>11</sup>  | 8173 | 8125 |
|  | Huntington Bancshares, Inc. 5.272% 1/15/2031 (USD-SOFR + 1.276% on 1/15/2030)<sup>11</sup>  | 10000 | 10078 |
|  | Jane Street Group, LLC 6.75% 5/1/2033<sup>7</sup>  | 475 | 478 |
|  | JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027)<sup>11</sup>  | 1849 | 1867 |
|  | JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027)<sup>11</sup>  | 4850 | 4961 |
|  | JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027)<sup>11</sup>  | 768 | 767 |
|  | JPMorgan Chase & Co. 4.505% 10/22/2028 (USD-SOFR + 0.86% on 10/22/2027)<sup>11</sup>  | 2128 | 2134 |
|  | JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029)<sup>11</sup>  | 5000 | 5183 |
|  | JPMorgan Chase & Co. 4.995% 7/22/2030 (USD-SOFR + 1.125% on 7/22/2029)<sup>11</sup>  | 1000 | 1015 |
|  | JPMorgan Chase & Co. 5.14% 1/24/2031 (USD-SOFR + 0.90% on 1/24/2030)<sup>11</sup>  | 1000 | 1022 |
|  | JPMorgan Chase & Co. 5.103% 4/22/2031 (USD-SOFR + 1.435% on 4/22/2030)<sup>11</sup>  | 1000 | 1018 |
|  | JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032)<sup>11</sup>  | 10763 | 9544 |
|  | JPMorgan Chase & Co. 5.502% 1/24/2036 (USD-SOFR + 1.315% on 1/24/2035)<sup>11</sup>  | 2012 | 2048 |
|  | JPMorgan Chase & Co., 5.572% 4/22/2036 (USD-SOFR + 1.68% on 4/22/2035)<sup>11</sup>  | 4040 | 4134 |
|  | JPMorgan Chase & Co. 5.534% 11/29/2045 (USD-SOFR + 1.55% on 11/29/2044)<sup>11</sup>  | 10000 | 9856 |
|  | KBC Groep NV 5.796% 1/19/2029 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)<sup>7,11</sup>  | 800 | 827 |
|  | Lloyds Banking Group PLC 4.375% 3/22/2028 | 4375 | 4365 |
|  | M&T Bank Corp. 6.082% 3/13/2032 (USD-SOFR + 2.26% on 3/13/2031)<sup>11</sup>  | 29 | 30 |
|  | Marsh & McLennan Cos., Inc. 5.00% 3/15/2035 | 2000 | 1987 |
|  | Marsh & McLennan Cos., Inc. 5.40% 3/15/2055 | 2000 | 1907 |
|  | Mastercard, Inc. 4.55% 1/15/2035 | 1009 | 986 |
|  | Metropolitan Life Global Funding I 5.05% 6/11/2027<sup>7</sup>  | 3000 | 3049 |
|  | Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027)<sup>11</sup>  | 2000 | 2043 |
|  | Morgan Stanley 4.968% 7/14/2028 (USD-SOFR + 0.93% on 7/14/2027)<sup>11</sup>  | 1100 | 1111 |
|  | Morgan Stanley 4.994% 4/12/2029 (USD-SOFR + 1.38% on 4/12/2028)<sup>11</sup>  | 750 | 760 |
|  | Morgan Stanley 4.654% 10/18/2030 (USD-SOFR + 1.10% on 10/18/2029)<sup>11</sup>  | 500 | 499 |
|  | Morgan Stanley 5.23% 1/15/2031 (USD-SOFR + 1.108% on 1/15/2030)<sup>11</sup>  | 2133 | 2175 |
|  | Morgan Stanley 5.192% 4/17/2031 (USD-SOFR + 1.51% on 4/17/2030)<sup>11</sup>  | 1264 | 1287 |
|  | Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033)<sup>11</sup>  | 1340 | 1355 |
|  | Morgan Stanley 5.32% 7/19/2035 (USD-SOFR + 1.555% on 7/19/2034)<sup>11</sup>  | 1975 | 1967 |
|  | Morgan Stanley 5.587% 1/18/2036 (USD-SOFR + 1.418% on 1/18/2035)<sup>11</sup>  | 11044 | 11208 |
|  | Morgan Stanley 5.664% 4/17/2036 (USD-SOFR + 1.757% on 4/17/2035)<sup>11</sup>  | 6175 | 6308 |
|  | Morgan Stanley 5.948% 1/19/2038 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.43% on 1/19/2033)<sup>11</sup>  | 2000 | 2017 |
|  | Morgan Stanley 5.942% 2/7/2039 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 2/7/2039)<sup>11</sup>  | 3687 | 3713 |
|  | Morgan Stanley 5.516% 11/19/2055 (USD-SOFR + 1.71% on 11/19/2054)<sup>11</sup>  | 10403 | 9945 |
|  | Nasdaq, Inc. 5.55% 2/15/2034 | 871 | 895 |
|  | Navient Corp. 6.75% 6/15/2026 | 2000 | 2020 |
|  | Navient Corp. 5.00% 3/15/2027 | 6000 | 5945 |
|  | Navient Corp. 4.875% 3/15/2028 | 8410 | 8097 |
|  | Navient Corp. 5.50% 3/15/2029 | 1590 | 1507 |
|  | Navient Corp. 9.375% 7/25/2030 | 892 | 950 |
|  | Navient Corp. 5.625% 8/1/2033 | 6860 | 5888 |
|  | Northwestern Mutual Global Funding 4.11% 9/12/2027<sup>7</sup>  | 3000 | 2997 |
|  | OneMain Finance Corp. 6.625% 5/15/2029 | 10000 | 10042 |
|  | OneMain Finance Corp. 4.00% 9/15/2030 | 8000 | 7103 |
|  | OneMain Finance Corp. 7.50% 5/15/2031 | 4200 | 4264 |
|  | OneMain Finance Corp. 7.125% 11/15/2031 | 4095 | 4116 |
|  | Oxford Finance, LLC 6.375% 2/1/2027<sup>7</sup>  | 2415 | 2409 |
|  | Piraeus Bank SA 8.25% 1/28/2027 (1-year EUR Mid-Swap + 5.715% on 1/28/2026)<sup>11</sup>  | EUR1,000 | 1178 |
|  | Piraeus Bank SA 3.875% 11/3/2027 (1-year EUR Mid-Swap + 3.948% on 11/3/2026)<sup>11</sup>  | 2000 | 2300 |
|  | Piraeus Bank SA 7.25% 7/13/2028 (1-year EUR Mid-Swap + 3.692% on 7/13/2027)<sup>11</sup>  | 2000 | 2461 |
|  | Piraeus Bank SA 6.75% 12/5/2029 (1-year EUR Mid-Swap + 3.837% on 12/5/2028)<sup>11</sup>  | 1090 | 1367 |
|  | Piraeus Bank SA 5.00% 4/16/2030 <br>(1-year EUR-ICE Swap EURIBOR + 2.245% on 4/16/2029)<sup>11</sup>  | 970 | 1152 |

---

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Financials**<br> **(continued)** |  |  |  |
| **Financials**<br> **(continued)** | PNC Financial Services Group, Inc. <br>6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032)<sup>11</sup>  | USD3,000 | $3136 |
| **Financials**<br> **(continued)** | PNC Financial Services Group, Inc. <br>6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033)<sup>11</sup>  | 7800 | 8577 |
|  | PNC Financial Services Group, Inc. <br>5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034)<sup>11</sup>  | 46 | 47 |
|  | PNC Financial Services Group, Inc. <br>5.401% 7/23/2035 (USD-SOFR + 1.599% on 7/23/2034)<sup>11</sup>  | 2975 | 2974 |
|  | PNC Financial Services Group, Inc. <br>5.575% 1/29/2036 (USD-SOFR + 1.394% on 1/29/2035)<sup>11</sup>  | 5020 | 5083 |
|  | Royal Bank of Canada 4.522% 10/18/2028 (USD-SOFR + 0.86% on 10/18/2027)<sup>11</sup>  | 3000 | 3007 |
|  | Royal Bank of Canada 4.65% 10/18/2030 (USD-SOFR + 1.08% on 10/18/2029)<sup>11</sup>  | 1066 | 1064 |
|  | Royal Bank of Canada 5.153% 2/4/2031 (USD-SOFR + 1.03% on 2/4/2030)<sup>11</sup>  | 1000 | 1018 |
|  | Ryan Specialty, LLC 5.875% 8/1/2032<sup>7</sup>  | 1940 | 1918 |
|  | Skandinaviska Enskilda Banken AB 0.75% 11/3/2031 <br>(5-year EUR Mid-Swap + 0.88% on 11/3/2026)<sup>11</sup>  | EUR4,700 | 5148 |
|  | Standard Chartered PLC 2.608% 1/12/2028 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 1.18% on 1/12/2027)<sup>7,11</sup>  | USD1,000 | 964 |
|  | Standard Chartered PLC 5.905% 5/14/2035 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 1.45% on 5/14/2034)<sup>7,11</sup>  | 397 | 403 |
|  | Synchrony Financial 5.45% 3/6/2031 (USD-SOFR + 1.68% on 3/6/2030)<sup>11</sup>  | 1250 | 1247 |
|  | Synchrony Financial 7.25% 2/2/2033 | 2500 | 2551 |
|  | Toronto-Dominion Bank (The) 4.861% 1/31/2028 | 3000 | 3042 |
|  | Toronto-Dominion Bank (The) 5.298% 1/30/2032 | 4000 | 4079 |
|  | Truist Financial Corp. 5.153% 8/5/2032 (USD-SOFR + 1.571% on 8/5/2031)<sup>11</sup>  | 1655 | 1665 |
|  | Truist Financial Corp. 5.122% 1/26/2034 (USD-SOFR + 1.60% on 1/26/2033)<sup>11</sup>  | 1000 | 979 |
|  | Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)<sup>11</sup>  | 840 | 861 |
|  | Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034)<sup>11</sup>  | 1008 | 1026 |
|  | U.S. Bancorp 3.15% 4/27/2027 | 4000 | 3926 |
|  | U.S. Bancorp 5.046% 2/12/2031 (USD-SOFR + 1.061% on 2/12/2030)<sup>11</sup>  | 1000 | 1013 |
|  | U.S. Bancorp 5.85% 10/21/2033 (USD-SOFR + 2.09% on 10/21/2032)<sup>11</sup>  | 2000 | 2073 |
|  | U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)<sup>11</sup>  | 6150 | 5975 |
|  | U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033)<sup>11</sup>  | 375 | 387 |
|  | U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034)<sup>11</sup>  | 1600 | 1631 |
|  | U.S. Bancorp 5.424% 2/12/2036 (USD-SOFR + 1.411% on 2/12/2035)<sup>11</sup>  | 4000 | 4014 |
|  | UBS Group AG 2.193% 6/5/2026 (USD-SOFR + 2.044% on 6/5/2025)<sup>7,11</sup>  | 1000 | 997 |
|  | UBS Group AG 6.246% 9/22/2029 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 9/22/2028)<sup>7,11</sup>  | 3500 | 3670 |
|  | UBS Group AG 5.428% 2/8/2030 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on 2/8/2029)<sup>7,11</sup>  | 750 | 768 |
|  | UBS Group AG 5.617% 9/13/2030 <br>(1-year USD-ICE SOFR Swap + 1.34% on 9/13/2029)<sup>7,11</sup>  | 500 | 516 |
|  | UBS Group AG 6.301% 9/22/2034 <br>(1-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 9/22/2033)<sup>7,11</sup>  | 4000 | 4236 |
|  | Wells Fargo & Co. 4.90% 1/24/2028 (USD-SOFR + 0.78% on 1/24/2027)<sup>11</sup>  | 3000 | 3021 |
|  | Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027)<sup>11</sup>  | 1000 | 1023 |
|  | Wells Fargo & Co. 5.15% 4/23/2031 (USD-SOFR + 1.50% on 4/23/2030)<sup>11</sup>  | 1000 | 1016 |
|  | Wells Fargo & Co. 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)<sup>11</sup>  | 10000 | 8982 |
|  | Wells Fargo & Co. 5.211% 12/3/2035 (USD-SOFR + 1.38% on 12/3/2034)<sup>11</sup>  | 9627 | 9506 |
|  |  |  | 572882 |
| **Energy**<br> **0.37%** |  |  |  |
| **Energy**<br> **0.37%** | 3R Lux SARL 9.75% 2/5/2031<sup>7</sup>  | 785 | 771 |
| **Energy**<br> **0.37%** | AI Candelaria (Spain) SA 7.50% 12/15/2028<sup>7</sup>  | 305 | 301 |
|  | AI Candelaria (Spain) SA 5.75% 6/15/2033<sup>7</sup>  | 1495 | 1227 |
|  | Antero Resources Corp. 7.625% 2/1/2029<sup>7</sup>  | 1000 | 1023 |
|  | APA Corp. 4.25% 1/15/2030<sup>7</sup>  | 16930 | 15843 |
|  | APA Corp. 5.25% 2/1/2042<sup>7</sup>  | 182 | 145 |
|  | APA Corp. 5.35% 7/1/2049<sup>7</sup>  | 1615 | 1245 |
|  | Baytex Energy Corp. 8.50% 4/30/2030<sup>7</sup>  | 275 | 256 |
|  | Baytex Energy Corp. 7.375% 3/15/2032<sup>7</sup>  | 2080 | 1796 |
|  | Borr IHC, Ltd. 10.00% 11/15/2028<sup>7</sup>  | 2447 | 2106 |
|  | Borr IHC, Ltd. 10.375% 11/15/2030<sup>7</sup>  | 3092 | 2677 |
|  | Cenovus Energy, Inc. 5.25% 6/15/2037 | 395 | 373 |
|  | Cenovus Energy, Inc. 5.40% 6/15/2047 | 2910 | 2488 |
|  | Cheniere Energy Partners, LP 4.50% 10/1/2029 | 1000 | 977 |
|  | Civitas Resources, Inc. 5.00% 10/15/2026<sup>7</sup>  | 3070 | 2984 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Energy**<br> **(continued)** |  |  |  |
| **Energy**<br> **(continued)** | Civitas Resources, Inc. 8.375% 7/1/2028<sup>7</sup>  | USD1,675 | $1648 |
| **Energy**<br> **(continued)** | Civitas Resources, Inc. 8.625% 11/1/2030<sup>7</sup>  | 490 | 473 |
|  | Civitas Resources, Inc. 8.75% 7/1/2031<sup>7</sup>  | 1210 | 1152 |
|  | CNX Resources Corp. 6.00% 1/15/2029<sup>7</sup>  | 2000 | 1942 |
|  | CNX Resources Corp. 7.25% 3/1/2032<sup>7</sup>  | 585 | 585 |
|  | ConocoPhillips Co. 5.55% 3/15/2054 | 1500 | 1404 |
|  | Crescent Energy Finance, LLC 9.25% 2/15/2028<sup>7</sup>  | 3538 | 3580 |
|  | Crescent Energy Finance, LLC 7.625% 4/1/2032<sup>7</sup>  | 2280 | 2074 |
|  | Crescent Energy Finance, LLC 7.375% 1/15/2033<sup>7</sup>  | 1395 | 1236 |
|  | Devon Energy Corp. 5.75% 9/15/2054 | 3559 | 3036 |
|  | Diamondback Energy, Inc. 5.20% 4/18/2027 | 2000 | 2029 |
|  | Diamondback Energy, Inc. 5.15% 1/30/2030 | 1045 | 1061 |
|  | Diamondback Energy, Inc. 5.40% 4/18/2034 | 2992 | 2926 |
|  | Diamondback Energy, Inc. 5.55% 4/1/2035 | 848 | 834 |
|  | Diamondback Energy, Inc. 5.75% 4/18/2054 | 1698 | 1519 |
|  | Diamondback Energy, Inc. 5.90% 4/18/2064 | 1123 | 997 |
|  | DT Midstream, Inc. 4.375% 6/15/2031<sup>7</sup>  | 4000 | 3688 |
|  | Ecopetrol SA 7.75% 2/1/2032 | 1500 | 1431 |
|  | Ecopetrol SA 8.875% 1/13/2033 | 1440 | 1442 |
|  | Ecopetrol SA 8.375% 1/19/2036 | 1220 | 1143 |
|  | Enbridge Energy Partners, LP 7.375% 10/15/2045 | 5459 | 6110 |
|  | Energean Israel Finance, Ltd. 5.875% 3/30/2031<sup>7</sup>  | 5170 | 4690 |
|  | Eni SpA 5.50% 5/15/2034<sup>7</sup>  | 1455 | 1443 |
|  | Eni SpA 5.95% 5/15/2054<sup>7</sup>  | 2227 | 2099 |
|  | Enterprise Products Operating, LLC 4.95% 2/15/2035 | 435 | 427 |
|  | EOG Resources, Inc. 5.65% 12/1/2054 | 6559 | 6229 |
|  | EQT Corp. 7.50% 6/1/2027<sup>7</sup>  | 2000 | 2031 |
|  | EQT Corp. 4.50% 1/15/2029<sup>7</sup>  | 2116 | 2054 |
|  | EQT Corp. 6.375% 4/1/2029<sup>7</sup>  | 1005 | 1029 |
|  | EQT Corp. 7.00% 2/1/2030 | 15000 | 16006 |
|  | Equinor ASA 3.625% 9/10/2028 | 13165 | 13010 |
|  | Equinor ASA 3.25% 11/18/2049 | 7583 | 5095 |
|  | Expand Energy Corp. 5.375% 2/1/2029 | 3705 | 3692 |
|  | Exxon Mobil Corp. 2.61% 10/15/2030 | 20000 | 18373 |
|  | Exxon Mobil Corp. 3.452% 4/15/2051 | 2000 | 1401 |
|  | Gulfport Energy Operating Corp. 6.75% 9/1/2029<sup>7</sup>  | 445 | 439 |
|  | Harbour Energy PLC 5.50% 10/15/2026<sup>7</sup>  | 4000 | 4013 |
|  | Hess Midstream Operations, LP 5.875% 3/1/2028<sup>7</sup>  | 785 | 787 |
|  | Hess Midstream Operations, LP 5.50% 10/15/2030<sup>7</sup>  | 4000 | 3910 |
|  | Hilcorp Energy I, LP 5.75% 2/1/2029<sup>7</sup>  | 665 | 623 |
|  | Hilcorp Energy I, LP 6.00% 4/15/2030<sup>7</sup>  | 3260 | 2981 |
|  | Hilcorp Energy I, LP 6.00% 2/1/2031<sup>7</sup>  | 450 | 406 |
|  | Hilcorp Energy I, LP 6.25% 4/15/2032<sup>7</sup>  | 5125 | 4465 |
|  | Hilcorp Energy I, LP 8.375% 11/1/2033<sup>7</sup>  | 1045 | 995 |
|  | Hilcorp Energy I, LP 6.875% 5/15/2034<sup>7</sup>  | 3000 | 2553 |
|  | Kinder Morgan, Inc. 5.00% 2/1/2029 | 1000 | 1011 |
|  | Kinetik Holdings, LP 6.625% 12/15/2028<sup>7</sup>  | 2655 | 2677 |
|  | Kinetik Holdings, LP 5.875% 6/15/2030<sup>7</sup>  | 2000 | 1956 |
|  | Kraken Oil & Gas Partners, LLC 7.625% 8/15/2029<sup>7</sup>  | 375 | 336 |
|  | Leviathan Bond, Ltd. 6.75% 6/30/2030<sup>7</sup>  | 1510 | 1466 |
|  | Matador Resources Co. 6.875% 4/15/2028<sup>7</sup>  | 950 | 946 |
|  | Matador Resources Co. 6.50% 4/15/2032<sup>7</sup>  | 2090 | 2016 |
|  | Matador Resources Co. 6.25% 4/15/2033<sup>7</sup>  | 2125 | 2011 |
|  | MEG Energy Corp. 5.875% 2/1/2029<sup>7</sup>  | 4000 | 3864 |
|  | Modec Finance BV 7.84% 7/15/2026<sup>2,14</sup>  | 2000 | 2026 |
|  | Murphy Oil Corp. 6.375% 7/15/2028 | 2000 | 1990 |
|  | Murphy Oil Corp. 6.00% 10/1/2032 | 810 | 738 |
|  | Murphy Oil USA, Inc. 4.75% 9/15/2029 | 2000 | 1930 |
|  | Nabors Industries, Inc. 8.875% 8/15/2031<sup>7</sup>  | 1530 | 1040 |
|  | NFE Financing, LLC 12.00% 11/15/2029<sup>7</sup>  | 29002 | 20001 |
|  | Noble Finance II, LLC 8.00% 4/15/2030<sup>7</sup>  | 4200 | 4005 |
|  | Occidental Petroleum Corp. 6.125% 1/1/2031 | 5000 | 5053 |
|  | Occidental Petroleum Corp. 5.55% 10/1/2034 | 950 | 888 |
|  | Occidental Petroleum Corp. 4.625% 6/15/2045 | 1000 | 720 |
|  | Occidental Petroleum Corp. 4.40% 4/15/2046 | 2000 | 1422 |
|  | Occidental Petroleum Corp. 4.40% 8/15/2049 | 6000 | 4002 |
|  | Occidental Petroleum Corp. 6.05% 10/1/2054 | 1520 | 1313 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Energy**<br> **(continued)** |  |  |  |
| **Energy**<br> **(continued)** | ONEOK, Inc. 5.65% 11/1/2028 | USD500 | $516 |
| **Energy**<br> **(continued)** | ONEOK, Inc. 6.05% 9/1/2033 | 330 | 339 |
|  | ONEOK, Inc. 6.625% 9/1/2053 | 605 | 603 |
|  | Permian Resources Operating, LLC 5.875% 7/1/2029<sup>7</sup>  | 5000 | 4888 |
|  | Permian Resources Operating, LLC 9.875% 7/15/2031<sup>7</sup>  | 544 | 590 |
|  | Permian Resources Operating, LLC 7.00% 1/15/2032<sup>7</sup>  | 6665 | 6716 |
|  | Permian Resources Operating, LLC 6.25% 2/1/2033<sup>7</sup>  | 5000 | 4894 |
|  | Petroleos Mexicanos 6.875% 10/16/2025 | 17500 | 17449 |
|  | Petroleos Mexicanos 4.50% 1/23/2026 | 3532 | 3451 |
|  | Petroleos Mexicanos 6.875% 8/4/2026 | 6000 | 5928 |
|  | Petroleos Mexicanos 6.50% 3/13/2027 | 35821 | 35022 |
|  | Petroleos Mexicanos 8.75% 6/2/2029 | 14784 | 14548 |
|  | Petroleos Mexicanos 6.84% 1/23/2030 | 1853 | 1652 |
|  | Petroleos Mexicanos 6.70% 2/16/2032 | 2837 | 2433 |
|  | Petroleos Mexicanos 10.00% 2/7/2033 | 2750 | 2756 |
|  | Raizen Fuels Finance SA 6.70% 2/25/2037<sup>7</sup>  | 1695 | 1660 |
|  | Range Resources Corp. 4.75% 2/15/2030<sup>7</sup>  | 445 | 421 |
|  | Saudi Arabian Oil Co. 5.25% 7/17/2034<sup>7</sup>  | 1500 | 1513 |
|  | Saudi Arabian Oil Co. 5.75% 7/17/2054<sup>7</sup>  | 8685 | 8133 |
|  | Saudi Arabian Oil Co. 5.875% 7/17/2064<sup>7</sup>  | 4000 | 3691 |
|  | South Bow USA Infrastructure Holdings, LLC 4.911% 9/1/2027<sup>7</sup>  | 517 | 520 |
|  | South Bow USA Infrastructure Holdings, LLC 5.026% 10/1/2029<sup>7</sup>  | 513 | 509 |
|  | Sunoco, LP 6.00% 4/15/2027 | 1000 | 998 |
|  | Sunoco, LP 7.00% 9/15/2028<sup>7</sup>  | 2000 | 2050 |
|  | Sunoco, LP 7.00% 5/1/2029<sup>7</sup>  | 935 | 962 |
|  | Sunoco, LP 4.50% 5/15/2029 | 1700 | 1613 |
|  | Sunoco, LP 7.25% 5/1/2032<sup>7</sup>  | 1080 | 1121 |
|  | Sunoco, LP 6.25% 7/1/2033<sup>7</sup>  | 2320 | 2319 |
|  | Talos Production, Inc. 9.00% 2/1/2029<sup>7</sup>  | 235 | 225 |
|  | Talos Production, Inc. 9.375% 2/1/2031<sup>7</sup>  | 145 | 136 |
|  | TotalEnergies Capital SA 5.15% 4/5/2034 | 500 | 505 |
|  | TotalEnergies Capital SA 4.724% 9/10/2034 | 1364 | 1337 |
|  | TransCanada Pipelines, Ltd. (3-month USD CME Term SOFR + 2.472%) <br>6.795% 5/16/2067<sup>9</sup>  | 1000 | 875 |
|  | USA Compression Partners, LP 7.125% 3/15/2029<sup>7</sup>  | 1020 | 1031 |
|  | Venture Global Calcasieu Pass, LLC 3.875% 8/15/2029<sup>7</sup>  | 3000 | 2751 |
|  | Venture Global Calcasieu Pass, LLC 6.25% 1/15/2030<sup>7</sup>  | 3161 | 3165 |
|  | Venture Global Calcasieu Pass, LLC 4.125% 8/15/2031<sup>7</sup>  | 3485 | 3134 |
|  | Venture Global Calcasieu Pass, LLC 3.875% 11/1/2033<sup>7</sup>  | 5000 | 4223 |
|  | Venture Global LNG, Inc. 8.375% 6/1/2031<sup>7</sup>  | 1250 | 1207 |
|  | Venture Global Plaquemines Lng, LLC 7.50% 5/1/2033<sup>7</sup>  | 940 | 965 |
|  | Venture Global Plaquemines Lng, LLC 7.75% 5/1/2035<sup>7</sup>  | 2955 | 3037 |
|  | Weatherford International, Ltd. 8.625% 4/30/2030<sup>7</sup>  | 12000 | 11904 |
|  | Western Midstream Operating, LP 3.95% 6/1/2025 | 1520 | 1518 |
|  | Wildfire Intermediate Holdings, LLC 7.50% 10/15/2029<sup>7</sup>  | 665 | 610 |
|  |  |  | 398602 |
| **Communication**<br> **services**<br> **0.32%** |  |  |  |
| **Communication**<br> **services**<br> **0.32%** | Alphabet Inc. 5.25% 5/15/2055 | 582 | 575 |
| **Communication**<br> **services**<br> **0.32%** | Alphabet Inc. 5.30% 5/15/2065 | 1167 | 1154 |
| **Communication**<br> **services**<br> **0.32%** | America Movil, SAB de CV, 8.46% 12/18/2036 | MXN147,200 | 6689 |
|  | AT&T, Inc. 2.55% 12/1/2033 | USD5,181 | 4277 |
|  | AT&T, Inc. 3.50% 9/15/2053 | 1227 | 822 |
|  | CCO Holdings, LLC 4.75% 3/1/2030<sup>7</sup>  | 1475 | 1394 |
|  | CCO Holdings, LLC 4.50% 8/15/2030<sup>7</sup>  | 3950 | 3672 |
|  | CCO Holdings, LLC 4.50% 6/1/2033<sup>7</sup>  | 18325 | 15958 |
|  | CCO Holdings, LLC 4.25% 1/15/2034<sup>7</sup>  | 21575 | 18189 |
|  | Charter Communications Operating, LLC 3.50% 3/1/2042 | 5675 | 3810 |
|  | Charter Communications Operating, LLC 3.70% 4/1/2051 | 4000 | 2467 |
|  | Charter Communications Operating, LLC 3.90% 6/1/2052 | 5000 | 3170 |
|  | Charter Communications Operating, LLC 5.25% 4/1/2053 | 2000 | 1582 |
|  | Comcast Corp. 2.65% 2/1/2030 | 18000 | 16669 |
|  | Comcast Corp. 5.30% 6/1/2034 | 186 | 189 |
|  | Comcast Corp. 5.65% 6/1/2054 | 3720 | 3594 |
|  | Connect Finco SARL 9.00% 9/15/2029<sup>7</sup>  | 7000 | 6557 |
|  | DIRECTV Financing, LLC 5.875% 8/15/2027<sup>7</sup>  | 10875 | 10520 |
|  | Discovery Communications, LLC 4.90% 3/11/2026 | 3000 | 2998 |

---

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

---

------

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Communication**<br> **services**<br> **(continued)** |  |  |  |
| **Communication**<br> **services**<br> **(continued)** | Discovery Communications, LLC 3.95% 3/20/2028 | USD2,000 | $1913 |
| **Communication**<br> **services**<br> **(continued)** | DISH Network Corp. 11.75% 11/15/2027<sup>7</sup>  | 42025 | 44205 |
| **Communication**<br> **services**<br> **(continued)** | Embarq, LLC 7.995% 6/1/2036 | 725 | 327 |
|  | Frontier Communications Holdings, LLC 6.75% 5/1/2029<sup>7</sup>  | 1425 | 1432 |
|  | Frontier Communications Holdings, LLC 5.875% 11/1/2029 | 4854 | 4862 |
|  | Frontier Communications Holdings, LLC 6.00% 1/15/2030<sup>7</sup>  | 20000 | 20087 |
|  | Gray Media, Inc. 7.00% 5/15/2027<sup>7</sup>  | 18000 | 17529 |
|  | Gray Media, Inc. 10.50% 7/15/2029<sup>7</sup>  | 6370 | 6545 |
|  | Gray Television, Inc., Term Loan B, (3-month USD CME Term SOFR + 5.25%) <br>9.574% 6/4/2029<sup>9,13</sup>  | 1618 | 1569 |
|  | Meta Platforms, Inc. 4.75% 8/15/2034 | 2077 | 2070 |
|  | Meta Platforms, Inc. 4.45% 8/15/2052 | 4500 | 3747 |
|  | Meta Platforms, Inc. 5.40% 8/15/2054 | 3090 | 2976 |
|  | Meta Platforms, Inc. 5.55% 8/15/2064 | 3000 | 2889 |
|  | Paramount Global 6.875% 4/30/2036 | 2000 | 2010 |
|  | Paramount Global 4.375% 3/15/2043 | 3000 | 2163 |
|  | Paramount Global 4.95% 5/19/2050 | 6000 | 4429 |
|  | SBA Tower Trust 1.631% 11/15/2026<sup>7</sup>  | 22469 | 21399 |
|  | Sirius XM Radio, LLC 3.125% 9/1/2026<sup>7</sup>  | 1825 | 1778 |
|  | Sirius XM Radio, LLC 5.00% 8/1/2027<sup>7</sup>  | 3175 | 3140 |
|  | Sirius XM Radio, LLC 4.00% 7/15/2028<sup>7</sup>  | 10775 | 10146 |
|  | Sirius XM Radio, LLC 5.50% 7/1/2029<sup>7</sup>  | 325 | 317 |
|  | Sirius XM Radio, LLC 4.125% 7/1/2030<sup>7</sup>  | 685 | 614 |
|  | Sirius XM Radio, LLC 3.875% 9/1/2031<sup>7</sup>  | 2850 | 2448 |
|  | Snap, Inc. 6.875% 3/1/2033<sup>7</sup>  | 2500 | 2499 |
|  | TEGNA, Inc. 5.00% 9/15/2029 | 1975 | 1842 |
|  | T-Mobile USA, Inc. 3.75% 4/15/2027 | 10000 | 9894 |
|  | T-Mobile USA, Inc. 3.875% 4/15/2030 | 8975 | 8663 |
|  | T-Mobile USA, Inc. 2.875% 2/15/2031 | 15000 | 13518 |
|  | T-Mobile USA, Inc. 3.50% 4/15/2031 | 10000 | 9299 |
|  | T-Mobile USA, Inc. 5.30% 5/15/2035 | 500 | 502 |
|  | T-Mobile USA, Inc. 3.00% 2/15/2041 | 4200 | 3007 |
|  | T-Mobile USA, Inc. 3.30% 2/15/2051 | 5000 | 3288 |
|  | T-Mobile USA, Inc. 3.40% 10/15/2052 | 7200 | 4782 |
|  | Univision Communications, Inc. 7.375% 6/30/2030<sup>7</sup>  | 2515 | 2293 |
|  | Verizon Communications, Inc. 2.55% 3/21/2031 | 10265 | 9143 |
|  | Verizon Communications, Inc. 2.355% 3/15/2032 | 11186 | 9551 |
|  | Verizon Communications, Inc. 2.875% 11/20/2050 | 1163 | 714 |
|  | Verizon Communications, Inc. 5.50% 2/23/2054 | 471 | 452 |
|  | Verizon Communications, Inc. 2.987% 10/30/2056 | 2326 | 1384 |
|  | WarnerMedia Holdings, Inc. 3.755% 3/15/2027 | 4000 | 3894 |
|  | WarnerMedia Holdings, Inc. 4.054% 3/15/2029 | 4000 | 3738 |
|  | WarnerMedia Holdings, Inc. 5.141% 3/15/2052 | 1304 | 892 |
|  | WMG Acquisition Corp. 3.75% 12/1/2029<sup>7</sup>  | 2000 | 1851 |
|  |  |  | 354087 |
| **Health care**<br> **0.29%** |  |  |  |
| **Health care**<br> **0.29%** | AbbVie, Inc. 4.95% 3/15/2031 | 1155 | 1182 |
| **Health care**<br> **0.29%** | AbbVie, Inc. 5.05% 3/15/2034 | 12675 | 12786 |
|  | AbbVie, Inc. 5.35% 3/15/2044 | 2450 | 2372 |
|  | AbbVie, Inc. 5.40% 3/15/2054 | 5350 | 5131 |
|  | AbbVie, Inc. 5.50% 3/15/2064 | 250 | 241 |
|  | Amgen, Inc. 5.25% 3/2/2030 | 2950 | 3035 |
|  | Amgen, Inc. 4.20% 3/1/2033 | 8000 | 7580 |
|  | Amgen, Inc. 5.25% 3/2/2033 | 9306 | 9407 |
|  | Amgen, Inc. 5.60% 3/2/2043 | 8000 | 7789 |
|  | Amgen, Inc. 4.40% 5/1/2045 | 2000 | 1673 |
|  | Amgen, Inc. 4.875% 3/1/2053 | 4893 | 4185 |
|  | Amgen, Inc. 5.65% 3/2/2053 | 6000 | 5763 |
|  | Amgen, Inc. 5.75% 3/2/2063 | 5429 | 5168 |
|  | AstraZeneca Finance, LLC 4.875% 3/3/2028 | 3000 | 3068 |
|  | AstraZeneca Finance, LLC 4.90% 2/26/2031 | 275 | 283 |
|  | AstraZeneca Finance, LLC 5.00% 2/26/2034 | 3325 | 3359 |
|  | Bausch Health Cos., Inc., Term Loan, (3-month USD CME Term SOFR + 5.25%) <br>9.675% 2/1/2027<sup>9,13</sup>  | 1972 | 1863 |
|  | Baxter International, Inc. 2.539% 2/1/2032 | 974 | 833 |
|  | Baxter International, Inc. 3.132% 12/1/2051 | 2500 | 1539 |

---

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Health care**<br> **(continued)** |  |  |  |
| **Health care**<br> **(continued)** | Bayer US Finance, LLC 6.50% 11/21/2033<sup>7</sup>  | USD880 | $920 |
| **Health care**<br> **(continued)** | Bayer US Finance, LLC 6.875% 11/21/2053<sup>7</sup>  | 1241 | 1260 |
|  | Bristol-Myers Squibb Co. 5.10% 2/22/2031 | 1000 | 1033 |
|  | Bristol-Myers Squibb Co. 5.20% 2/22/2034 | 3730 | 3784 |
|  | Bristol-Myers Squibb Co. 5.50% 2/22/2044 | 325 | 319 |
|  | Bristol-Myers Squibb Co. 5.55% 2/22/2054 | 9075 | 8750 |
|  | Bristol-Myers Squibb Co. 5.65% 2/22/2064 | 3275 | 3149 |
|  | Centene Corp. 3.00% 10/15/2030 | 2590 | 2277 |
|  | Centene Corp. 2.625% 8/1/2031 | 3950 | 3339 |
|  | CVS Health Corp. 5.40% 6/1/2029 | 2000 | 2052 |
|  | CVS Health Corp. 5.25% 1/30/2031 | 2000 | 2030 |
|  | CVS Health Corp. 5.55% 6/1/2031 | 3348 | 3442 |
|  | CVS Health Corp. 5.25% 2/21/2033 | 2000 | 1984 |
|  | CVS Health Corp. 5.70% 6/1/2034 | 3416 | 3470 |
|  | CVS Health Corp. 6.00% 6/1/2044 | 12000 | 11632 |
|  | CVS Health Corp. 5.625% 2/21/2053 | 5350 | 4857 |
|  | CVS Health Corp. 5.875% 6/1/2053 | 533 | 500 |
|  | CVS Health Corp. 6.05% 6/1/2054 | 8000 | 7712 |
|  | CVS Health Corp. 6.00% 6/1/2063 | 410 | 382 |
|  | CVS Health Corp., junior subordinated, 6.75% 12/10/2054 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.516% on 12/10/2034)<sup>11</sup>  | 5000 | 4979 |
|  | CVS Health Corp., junior subordinated, 7.00% 3/10/2055 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 2.886% on 3/10/2030)<sup>11</sup>  | 5000 | 5070 |
|  | DaVita, Inc. 4.625% 6/1/2030<sup>7</sup>  | 4000 | 3723 |
|  | DaVita, Inc. 3.75% 2/15/2031<sup>7</sup>  | 1000 | 880 |
|  | Gilead Sciences, Inc. 5.10% 6/15/2035 | 2512 | 2522 |
|  | Gilead Sciences, Inc. 2.80% 10/1/2050 | 935 | 580 |
|  | Gilead Sciences, Inc. 5.55% 10/15/2053 | 1003 | 979 |
|  | HCA, Inc. 4.125% 6/15/2029 | 8450 | 8223 |
|  | HCA, Inc. 5.75% 3/1/2035 | 4000 | 4037 |
|  | Humana, Inc. 5.375% 4/15/2031 | 850 | 861 |
|  | Humana, Inc. 5.95% 3/15/2034 | 3250 | 3336 |
|  | Humana, Inc. 5.75% 4/15/2054 | 4400 | 4040 |
|  | Insulet Corp. 6.50% 4/1/2033<sup>7</sup>  | 7998 | 8166 |
|  | Laboratory Corp. of America Holdings 4.55% 4/1/2032 | 3000 | 2930 |
|  | Laboratory Corp. of America Holdings 4.80% 10/1/2034 | 1309 | 1261 |
|  | Laboratory Corp. of America Holdings 4.70% 2/1/2045 | 6900 | 5877 |
|  | Medline Borrower, LP, Term Loan, (3-month USD CME Term SOFR + 2.25%) <br>6.572% 10/23/2028<sup>9,13</sup>  | 5000 | 4973 |
|  | Molina Healthcare, Inc. 4.375% 6/15/2028<sup>7</sup>  | 6000 | 5773 |
|  | Molina Healthcare, Inc. 3.875% 5/15/2032<sup>7</sup>  | 7000 | 6173 |
|  | Molina Healthcare, Inc. 6.25% 1/15/2033<sup>7</sup>  | 6000 | 5959 |
|  | Owens & Minor, Inc. 6.625% 4/1/2030<sup>7</sup>  | 2000 | 1704 |
|  | Owens & Minor, Inc. 10.00% 4/15/2030<sup>7</sup>  | 13590 | 14043 |
|  | Owens & Minor, Inc., Term Loan B-1, <br>(3-month USD CME Term SOFR + 3.75%) 8.172% 3/29/2029<sup>9,13</sup>  | 4969 | 4690 |
|  | Owens & Minor, Inc., Term Loan B, <br>(3-month USD CME Term SOFR + 4.75%) 9.055% 4/2/2030<sup>9,13</sup>  | 8000 | 7880 |
|  | Pfizer Investment Enterprises Pte., Ltd. 4.65% 5/19/2030 | 1500 | 1519 |
|  | Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033 | 3000 | 2963 |
|  | Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043 | 7000 | 6581 |
|  | Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053 | 4501 | 4171 |
|  | Pfizer Investment Enterprises Pte., Ltd. 5.34% 5/19/2063 | 4000 | 3634 |
|  | Shire Acquisitions Investments Ireland DAC 3.20% 9/23/2026 | 582 | 574 |
|  | Sterigenics-Nordion Holdings, LLC 7.375% 6/1/2031<sup>7</sup>  | 810 | 832 |
|  | Stryker Corp. 4.85% 2/10/2030 | 2000 | 2028 |
|  | Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027 | 1500 | 1473 |
|  | Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028 | 15305 | 15688 |
|  | Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029 | 7815 | 7603 |
|  | Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029 | 2863 | 3072 |
|  | Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031 | 2553 | 2814 |
|  | Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046 | 16718 | 11827 |
|  | UnitedHealth Group, Inc. 5.50% 7/15/2044 | 3500 | 3398 |
|  | Viatris, Inc. 4.00% 6/22/2050 | 1313 | 827 |
|  |  |  | 317812 |

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

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------

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Utilities**<br> **0.26%** |  |  |  |
| **Utilities**<br> **0.26%** | Aegea Finance SARL 9.00% 1/20/2031<sup>7</sup>  | USD1,295 | $1352 |
| **Utilities**<br> **0.26%** | AES Panama Generation Holdings, SRL 4.375% 5/31/2030<sup>7</sup>  | 1038 | 909 |
|  | Alfa Desarrollo SpA 4.55% 9/27/2051<sup>7</sup>  | 1163 | 856 |
|  | Alliant Energy Finance, LLC 3.60% 3/1/2032<sup>7</sup>  | 750 | 683 |
|  | Berkshire Hathaway Energy Co. 4.60% 5/1/2053 | 2000 | 1635 |
|  | Commonwealth Edison Co. 2.95% 8/15/2027 | 2450 | 2389 |
|  | Consumers Energy Co. 4.50% 1/15/2031 | 3500 | 3517 |
|  | Consumers Energy Co. 4.625% 5/15/2033 | 1100 | 1076 |
|  | Consumers Energy Co. 5.05% 5/15/2035 | 1625 | 1630 |
|  | DTE Energy Co. 4.95% 7/1/2027 | 1075 | 1086 |
|  | Edison International 4.70% 8/15/2025 | 2000 | 1996 |
|  | Edison International 4.125% 3/15/2028 | 2832 | 2736 |
|  | Edison International 5.25% 11/15/2028 | 3829 | 3806 |
|  | Edison International 5.45% 6/15/2029 | 741 | 736 |
|  | Edison International 6.95% 11/15/2029 | 1710 | 1783 |
|  | Edison International 6.25% 3/15/2030 | 2425 | 2459 |
|  | Edison International 5.25% 3/15/2032 | 2530 | 2417 |
|  | Edison International 5.00% junior subordinated perpetual bonds <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 3.901% on 3/15/2027)<sup>11</sup>  | 3000 | 2661 |
|  | Edison International, junior subordinated, 7.875% 6/15/2054 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 3.658% on 6/15/2029)<sup>11</sup>  | 1340 | 1258 |
|  | Electricite de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield <br> Curve Rate T Note Constant Maturity + 5.411% on 6/15/2033)<sup>7,11</sup>  | 2750 | 3083 |
|  | Emera, Inc. 6.75% 6/15/2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)<sup>11,15</sup>  | 15349 | 15408 |
|  | Empresas Publicas de Medellin ESP 4.25% 7/18/2029 | 1713 | 1552 |
|  | Enfragen Energia Sur SA 5.375% 12/30/2030 | 800 | 688 |
|  | Eversource Energy 5.50% 1/1/2034 | 2800 | 2802 |
|  | Exelon Corp. 4.45% 4/15/2046 | 8115 | 6564 |
|  | FirstEnergy Corp. 1.60% 1/15/2026 | 2600 | 2537 |
|  | FirstEnergy Corp. 2.65% 3/1/2030 | 1393 | 1264 |
|  | FirstEnergy Corp. 2.25% 9/1/2030 | 2700 | 2369 |
|  | FirstEnergy Corp. 3.40% 3/1/2050 | 2000 | 1319 |
|  | FirstEnergy Corp., Series B, 3.90% 7/15/2027 | 25785 | 25494 |
|  | Florida Power & Light Co. 5.10% 4/1/2033 | 2115 | 2144 |
|  | Florida Power & Light Co. 5.30% 4/1/2053 | 1368 | 1305 |
|  | Georgia Power Co. 4.95% 5/17/2033 | 2075 | 2071 |
|  | Jersey Central Power & Light Co. 5.10% 1/15/2035<sup>7</sup>  | 575 | 567 |
|  | Light Energia SA 4.375% 6/18/2026 | 471 | 437 |
|  | Light Servicos de Eletricidade SA 4.21% 12/19/2032 | 209 | 105 |
|  | Light Servicos de Eletricidade SA 2.26% PIK 12/19/2037<sup>16</sup>  | 87 | 20 |
|  | Long Ridge Energy, LLC, 8.75% 2/15/2032<sup>7</sup>  | 1240 | 1183 |
|  | Northern States Power Co. 5.05% 5/15/2035 | 325 | 326 |
|  | Pacific Gas and Electric Co. 3.15% 1/1/2026 | 1365 | 1348 |
|  | Pacific Gas and Electric Co. 2.95% 3/1/2026 | 11625 | 11437 |
|  | Pacific Gas and Electric Co. 3.30% 3/15/2027 | 1250 | 1221 |
|  | Pacific Gas and Electric Co. 5.45% 6/15/2027 | 2929 | 2968 |
|  | Pacific Gas and Electric Co. 3.00% 6/15/2028 | 676 | 640 |
|  | Pacific Gas and Electric Co. 4.65% 8/1/2028 | 1500 | 1492 |
|  | Pacific Gas and Electric Co. 4.55% 7/1/2030 | 2173 | 2109 |
|  | Pacific Gas and Electric Co. 2.50% 2/1/2031 | 19190 | 16574 |
|  | Pacific Gas and Electric Co. 6.40% 6/15/2033 | 2100 | 2172 |
|  | Pacific Gas and Electric Co. 5.80% 5/15/2034 | 3925 | 3921 |
|  | Pacific Gas and Electric Co. 5.70% 3/1/2035 | 983 | 970 |
|  | Pacific Gas and Electric Co. 4.95% 7/1/2050 | 21753 | 17548 |
|  | Pacific Gas and Electric Co. 3.50% 8/1/2050 | 16325 | 10458 |
|  | Pacific Gas and Electric Co. 5.90% 10/1/2054 | 4900 | 4491 |
|  | PacifiCorp 5.45% 2/15/2034 | 3400 | 3428 |
|  | PacifiCorp 3.30% 3/15/2051 | 800 | 514 |
|  | PacifiCorp 2.90% 6/15/2052 | 5060 | 2971 |
|  | PacifiCorp 5.35% 12/1/2053 | 575 | 514 |
|  | PacifiCorp 5.50% 5/15/2054 | 6030 | 5466 |
|  | PacifiCorp 5.80% 1/15/2055 | 9734 | 9295 |
|  | PG&E Corp. 5.00% 7/1/2028 | 6595 | 6439 |
|  | PG&E Corp. 5.25% 7/1/2030 | 10890 | 10501 |
|  | PG&E Corp., junior subordinated, 7.375% 3/15/2055 <br>(5-year UST Yield Curve Rate T Note Constant Maturity + 3.883% on 3/15/2030)<sup>11</sup>  | 10750 | 10463 |
|  | Public Service Company of Colorado 5.35% 5/15/2034 | 1877 | 1889 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Utilities**<br> **(continued)** |  |  |  |
| **Utilities**<br> **(continued)** | Public Service Company of Colorado 5.75% 5/15/2054 | USD1,700 | $1655 |
| **Utilities**<br> **(continued)** | Public Service Electric and Gas Co. 3.20% 5/15/2029 | 4000 | 3840 |
|  | Public Service Electric and Gas Co. 3.20% 8/1/2049 | 3300 | 2215 |
|  | Public Service Enterprise Group, Inc. 4.90% 3/15/2030 | 1200 | 1212 |
|  | Saavi Energia SARL 8.875% 2/10/2035<sup>7</sup>  | 863 | 868 |
|  | Southern California Edison Co. 6.20% 9/15/2055 | 1579 | 1538 |
|  | Southern California Edison Co. 2.85% 8/1/2029 | 550 | 507 |
|  | Southern California Edison Co. 2.25% 6/1/2030 | 374 | 328 |
|  | Southern California Edison Co. 5.20% 6/1/2034 | 4375 | 4207 |
|  | Southern California Edison Co. 5.45% 3/1/2035 | 3446 | 3347 |
|  | Southern California Edison Co. 3.60% 2/1/2045 | 2102 | 1439 |
|  | Southern California Edison Co. 4.00% 4/1/2047 | 16115 | 11567 |
|  | Southern California Edison Co. 3.65% 2/1/2050 | 350 | 232 |
|  | Southern California Edison Co. 2.95% 2/1/2051 | 2870 | 1655 |
|  | Southern California Edison Co. 5.90% 3/1/2055 | 11825 | 10884 |
|  | Union Electric Co. 5.125% 3/15/2055 | 350 | 317 |
|  | Wisconsin Electric Power Co. 4.60% 10/1/2034 | 800 | 781 |
|  | Wisconsin Electric Power Co. 5.05% 10/1/2054 | 750 | 668 |
|  | Xcel Energy, Inc. 2.60% 12/1/2029 | 1525 | 1396 |
|  | Xcel Energy, Inc. 5.45% 8/15/2033 | 3100 | 3114 |
|  | Xcel Energy, Inc. 3.50% 12/1/2049 | 350 | 235 |
|  |  |  | 287057 |
| **Consumer**<br> **discretionary**<br> **0.26%** |  |  |  |
| **Consumer**<br> **discretionary**<br> **0.26%** | Advance Auto Parts, Inc. 5.90% 3/9/2026 | 500 | 497 |
| **Consumer**<br> **discretionary**<br> **0.26%** | Advance Auto Parts, Inc. 5.95% 3/9/2028 | 2623 | 2604 |
| **Consumer**<br> **discretionary**<br> **0.26%** | Advance Auto Parts, Inc. 3.90% 4/15/2030 | 6146 | 5536 |
|  | Advance Auto Parts, Inc. 3.50% 3/15/2032 | 4397 | 3678 |
|  | Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/2029<sup>7</sup>  | 1200 | 1245 |
|  | AutoNation, Inc. 5.89% 3/15/2035 | 1324 | 1310 |
|  | Bath & Body Works, Inc. 7.50% 6/15/2029 | 1000 | 1023 |
|  | Caesars Entertainment, Inc. 6.50% 2/15/2032<sup>7</sup>  | 3000 | 3018 |
|  | Carnival Corp. 4.00% 8/1/2028<sup>7</sup>  | 3000 | 2863 |
|  | Carnival Corp. 6.00% 5/1/2029<sup>7</sup>  | 10990 | 10937 |
|  | Carnival Corp. 7.00% 8/15/2029<sup>7</sup>  | 10115 | 10560 |
|  | Carnival Corp. 5.75% 3/15/2030<sup>7</sup>  | 1250 | 1242 |
|  | Carnival Corp. 6.125% 2/15/2033<sup>7</sup>  | 8965 | 8895 |
|  | Daimler Trucks Finance North America, LLC 5.375% 6/25/2034<sup>7</sup>  | 2266 | 2237 |
|  | Ford Motor Co. 4.346% 12/8/2026 | 5000 | 4905 |
|  | Ford Motor Co. 4.75% 1/15/2043 | 11575 | 8661 |
|  | Ford Motor Co. 5.291% 12/8/2046 | 12290 | 9572 |
|  | Ford Motor Credit Co., LLC 5.125% 6/16/2025 | 17381 | 17368 |
|  | Ford Motor Credit Co., LLC 4.134% 8/4/2025 | 1755 | 1747 |
|  | Ford Motor Credit Co., LLC 3.375% 11/13/2025 | 8510 | 8412 |
|  | Ford Motor Credit Co., LLC 6.95% 3/6/2026 | 200 | 202 |
|  | Ford Motor Credit Co., LLC 6.95% 6/10/2026 | 2200 | 2224 |
|  | Ford Motor Credit Co., LLC 2.70% 8/10/2026 | 3790 | 3644 |
|  | Ford Motor Credit Co., LLC 5.85% 5/17/2027 | 4000 | 3983 |
|  | Ford Motor Credit Co., LLC 4.95% 5/28/2027 | 4230 | 4141 |
|  | Ford Motor Credit Co., LLC 2.90% 2/16/2028 | 1000 | 916 |
|  | Ford Motor Credit Co., LLC 5.918% 3/20/2028 | 1171 | 1164 |
|  | Ford Motor Credit Co., LLC 6.80% 5/12/2028 | 200 | 203 |
|  | Ford Motor Credit Co., LLC 6.798% 11/7/2028 | 1780 | 1817 |
|  | Ford Motor Credit Co., LLC 2.90% 2/10/2029 | 8995 | 8007 |
|  | Ford Motor Credit Co., LLC 5.113% 5/3/2029 | 1100 | 1055 |
|  | Ford Motor Credit Co., LLC 7.20% 6/10/2030 | 6450 | 6646 |
|  | Ford Motor Credit Co., LLC 6.054% 11/5/2031 | 1686 | 1635 |
|  | Ford Motor Credit Co., LLC 6.532% 3/19/2032 | 8000 | 7910 |
|  | Ford Motor Credit Co., LLC 7.122% 11/7/2033 | 278 | 280 |
|  | Ford Motor Credit Co., LLC 6.50% 2/7/2035 | 14405 | 13948 |
|  | General Motors Financial Co., Inc. 5.80% 1/7/2029 | 750 | 766 |
|  | General Motors Financial Co., Inc. 4.90% 10/6/2029 | 603 | 593 |
|  | General Motors Financial Co., Inc. 5.35% 1/7/2030 | 3166 | 3176 |
|  | General Motors Financial Co., Inc. 5.625% 4/4/2032 | 800 | 794 |
|  | General Motors Financial Co., Inc. 5.45% 9/6/2034 | 3253 | 3123 |
|  | General Motors Financial Co., Inc. 5.90% 1/7/2035 | 11861 | 11777 |
|  | Genting New York, LLC 7.25% 10/1/2029<sup>7</sup>  | 430 | 430 |

---

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

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------

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer**<br> **discretionary**<br> **(continued)** |  |  |  |
| **Consumer**<br> **discretionary**<br> **(continued)** | Grand Canyon University 4.375% 10/1/2026 | USD2,250 | $2194 |
| **Consumer**<br> **discretionary**<br> **(continued)** | Great Canadian Gaming Corp. 8.75% 11/15/2029<sup>7</sup>  | 385 | 382 |
| **Consumer**<br> **discretionary**<br> **(continued)** | Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 2.75%) <br>7.072% 3/7/2032<sup>9,13</sup>  | 2852 | 2823 |
|  | Harley-Davidson Financial Services, Inc. 5.95% 6/11/2029<sup>7</sup>  | 2670 | 2661 |
|  | Home Depot, Inc. 2.95% 6/15/2029 | 4775 | 4549 |
|  | Home Depot, Inc. 5.40% 6/25/2064 | 1480 | 1407 |
|  | Hyundai Capital America 5.45% 6/24/2026<sup>7</sup>  | 830 | 837 |
|  | Hyundai Capital America 5.275% 6/24/2027<sup>7</sup>  | 3073 | 3100 |
|  | Hyundai Capital America 4.30% 9/24/2027<sup>7</sup>  | 3000 | 2963 |
|  | Hyundai Capital America 6.10% 9/21/2028<sup>7</sup>  | 750 | 776 |
|  | Hyundai Capital America 5.30% 1/8/2030<sup>7</sup>  | 500 | 505 |
|  | Hyundai Capital America 5.15% 3/27/2030<sup>7</sup>  | 1000 | 1000 |
|  | Lithia Motors, Inc. 3.875% 6/1/2029<sup>7</sup>  | 2000 | 1859 |
|  | Marriott International, Inc. 5.35% 3/15/2035 | 1500 | 1476 |
|  | McDonald's Corp. 3.70% 1/30/2026 | 7015 | 6981 |
|  | McDonald's Corp. 4.45% 3/1/2047 | 2100 | 1751 |
|  | McDonald's Corp. 5.15% 9/9/2052 | 1000 | 912 |
|  | Melco Resorts Finance, Ltd. 4.875% 6/6/2025<sup>7</sup>  | 14000 | 13975 |
|  | Melco Resorts Finance, Ltd. 4.875% 6/6/2025 | 1000 | 998 |
|  | Melco Resorts Finance, Ltd. 5.25% 4/26/2026<sup>7</sup>  | 6000 | 5890 |
|  | Newell Brands, Inc. 6.375% 5/15/2030 | 1200 | 1095 |
|  | Newell Brands, Inc. 6.625% 5/15/2032 | 1780 | 1600 |
|  | Newell Brands, Inc. 6.875% 4/1/2036 | 1490 | 1301 |
|  | Nissan Motor Co., Ltd. 4.81% 9/17/2030<sup>7</sup>  | 4000 | 3699 |
|  | Royal Caribbean Cruises, Ltd. 4.25% 7/1/2026<sup>7</sup>  | 2825 | 2788 |
|  | Royal Caribbean Cruises, Ltd. 5.625% 9/30/2031<sup>7</sup>  | 7555 | 7503 |
|  | Sands China, Ltd. 5.125% 8/8/2025 | 8000 | 7993 |
|  | Sands China, Ltd. 5.40% 8/8/2028 | 500 | 492 |
|  | Sands China, Ltd. 2.85% 3/8/2029 | 10000 | 8970 |
|  | Sonic Automotive, Inc. 4.625% 11/15/2029<sup>7</sup>  | 1215 | 1141 |
|  | Stellantis Finance US, Inc. 6.45% 3/18/2035<sup>7</sup>  | 2470 | 2427 |
|  | Wyndham Hotels & Resorts, Inc. 4.375% 8/15/2028<sup>7</sup>  | 2000 | 1923 |
|  | Wynn Macau, Ltd. 5.50% 1/15/2026<sup>7</sup>  | 3000 | 2986 |
|  | ZF North America Capital, Inc. 6.75% 4/23/2030<sup>7</sup>  | 915 | 836 |
|  |  |  | 286537 |
| **Industrials**<br> **0.21%** |  |  |  |
| **Industrials**<br> **0.21%** | Ambipar Lux SARL 9.875% 2/6/2031<sup>7</sup>  | 385 | 371 |
| **Industrials**<br> **0.21%** | Amentum Escrow Corp., Term Loan, (3-month USD CME Term SOFR + 2.25%) <br>6.572% 9/29/2031<sup>9,13</sup>  | 5272 | 5216 |
|  | Amentum Holdings, Inc. 7.25% 8/1/2032<sup>7</sup>  | 800 | 815 |
|  | Avis Budget Car Rental, LLC, Term Loan B, (3-month USD CME Term SOFR + 1.75%) <br> 6.186% 8/6/2027<sup>9,13</sup>  | 8953 | 8771 |
|  | BAE Systems PLC 5.00% 3/26/2027<sup>7</sup>  | 3000 | 3040 |
|  | BAE Systems PLC 5.125% 3/26/2029<sup>7</sup>  | 678 | 692 |
|  | BAE Systems PLC 5.25% 3/26/2031<sup>7</sup>  | 346 | 355 |
|  | BAE Systems PLC 5.30% 3/26/2034<sup>7</sup>  | 925 | 937 |
|  | BAE Systems PLC 5.50% 3/26/2054<sup>7</sup>  | 575 | 559 |
|  | Boeing Co. (The) 3.25% 2/1/2028 | 500 | 482 |
|  | Boeing Co. (The) 6.298% 5/1/2029 | 1228 | 1292 |
|  | Boeing Co. (The) 5.15% 5/1/2030 | 4221 | 4263 |
|  | Boeing Co. (The) 3.625% 2/1/2031 | 2488 | 2326 |
|  | Boeing Co. (The) 6.388% 5/1/2031 | 1894 | 2023 |
|  | Boeing Co. (The) 3.60% 5/1/2034 | 5000 | 4316 |
|  | Boeing Co. (The) 6.528% 5/1/2034 | 45591 | 49005 |
|  | Boeing Co. (The) 5.705% 5/1/2040 | 13000 | 12629 |
|  | Boeing Co. (The) 5.805% 5/1/2050 | 8254 | 7743 |
|  | Boeing Co. (The) 6.858% 5/1/2054 | 1751 | 1872 |
|  | Boeing Co. (The) 5.93% 5/1/2060 | 4629 | 4275 |
|  | Boeing Co. (The) 7.008% 5/1/2064 | 1759 | 1882 |
|  | Canadian Pacific Railway Co. 4.80% 3/30/2030 | 1041 | 1053 |
|  | Canadian Pacific Railway Co. 5.20% 3/30/2035 | 1841 | 1849 |
|  | Canadian Pacific Railway, Co. 3.00% 12/2/2041 | 2953 | 2121 |
|  | Canadian Pacific Railway Co. 3.10% 12/2/2051 | 9202 | 5950 |
|  | Carrier Global Corp. 2.722% 2/15/2030 | 12267 | 11333 |
|  | CSX Corp. 2.40% 2/15/2030 | 6636 | 6070 |

---

---

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

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------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Industrials**<br> **(continued)** |  |  |  |
| **Industrials**<br> **(continued)** | FTAI Aviation Investors, LLC 5.875% 4/15/2033<sup>7</sup>  | USD3,000 | $2874 |
| **Industrials**<br> **(continued)** | General Dynamics Corp. 4.95% 8/15/2035 | 547 | 549 |
|  | Herc Holdings, Inc. 6.625% 6/15/2029<sup>7</sup>  | 1755 | 1736 |
|  | Icahn Enterprises, LP 6.25% 5/15/2026 | 3600 | 3590 |
|  | Icahn Enterprises, LP 5.25% 5/15/2027 | 10000 | 9496 |
|  | Icahn Enterprises, LP 9.75% 1/15/2029 | 2000 | 1976 |
|  | Icahn Enterprises, LP 10.00% 11/15/2029<sup>7</sup>  | 405 | 397 |
|  | IRB Infrastructure Developers, Ltd. 7.11% 3/11/2032<sup>7</sup>  | 1140 | 1117 |
|  | LATAM Airlines Group SA 7.875% 4/15/2030<sup>7</sup>  | 156 | 153 |
|  | Mileage Plus Holdings, LLC 6.50% 6/20/2027<sup>7</sup>  | 900 | 904 |
|  | Moog, Inc. 4.25% 12/9/2027<sup>7</sup>  | 4625 | 4466 |
|  | Movida Europe SA 7.85% 4/11/2029<sup>7</sup>  | 2500 | 2204 |
|  | Norfolk Southern Corp. 5.10% 5/1/2035 | 212 | 213 |
|  | Norfolk Southern Corp. 5.35% 8/1/2054 | 5721 | 5393 |
|  | Paychex, Inc. 5.60% 4/15/2035 | 986 | 1005 |
|  | Prime Security Services Borrower, LLC 5.75% 4/15/2026<sup>7</sup>  | 630 | 630 |
|  | Queen MergerCo, Inc. 6.75% 4/30/2032<sup>7</sup>  | 6420 | 6453 |
|  | Regal Rexnord Corp. 6.30% 2/15/2030 | 2500 | 2584 |
|  | Regal Rexnord Corp. 6.40% 4/15/2033 | 2500 | 2549 |
|  | RTX Corp. 3.125% 5/4/2027 | 12375 | 12100 |
|  | SkyMiles IP, Ltd. 4.75% 10/20/2028<sup>7</sup>  | 1840 | 1829 |
|  | SkyMiles IP, Ltd., Term Loan, (3-month USD CME Term SOFR + 3.75%) <br>8.022% 10/20/2027<sup>9,13</sup>  | 613 | 619 |
|  | Spirit AeroSystems, Inc. 9.375% 11/30/2029<sup>7</sup>  | 15000 | 15981 |
|  | Spirit AeroSystems, Inc., Term Loan, (3-month CME Term SOFR + 4.25%) <br>8.78% 1/15/2027<sup>9,13</sup>  | 12801 | 12824 |
|  |  |  | 232882 |
| **Materials**<br> **0.14%** |  |  |  |
| **Materials**<br> **0.14%** | Ardagh Metal Packaging Finance PLC 6.00% 6/15/2027<sup>7</sup>  | 530 | 529 |
| **Materials**<br> **0.14%** | Ardagh Metal Packaging Finance PLC 3.25% 9/1/2028<sup>7</sup>  | 1470 | 1345 |
|  | BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033 | 665 | 660 |
|  | BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033 | 1301 | 1316 |
|  | BHP Billiton Finance (USA), Ltd. 5.50% 9/8/2053 | 793 | 763 |
|  | Braskem Idesa SAPI 7.45% 11/15/2029<sup>7</sup>  | 2002 | 1548 |
|  | Braskem Netherlands Finance BV 4.50% 1/10/2028 | 600 | 540 |
|  | Braskem Netherlands Finance BV 8.50% 1/12/2031<sup>7</sup>  | 740 | 711 |
|  | Braskem Netherlands Finance BV 8.50% 1/12/2031 | 400 | 384 |
|  | Braskem Netherlands Finance BV 7.25% 2/13/2033 | 2750 | 2408 |
|  | Braskem Netherlands Finance BV 7.25% 2/13/2033<sup>7</sup>  | 1270 | 1112 |
|  | Braskem Netherlands Finance BV 8.00% 10/15/2034<sup>7</sup>  | 575 | 513 |
|  | CAN-PACK Spolka Akcyjna 3.875% 11/15/2029<sup>7</sup>  | 1350 | 1237 |
|  | Celanese US Holdings, LLC 6.60% 11/15/2028 | 2314 | 2341 |
|  | Celanese US Holdings, LLC 6.50% 4/15/2030 | 2000 | 1956 |
|  | Celanese US Holdings, LLC 6.80% 11/15/2030 | 3000 | 3002 |
|  | Celanese US Holdings, LLC 6.629% 7/15/2032 | 5624 | 5533 |
|  | Celanese US Holdings, LLC 6.75% 4/15/2033 | 5000 | 4697 |
|  | Celanese US Holdings, LLC 6.95% 11/15/2033 (7.20% on 5/15/2025)<sup>11</sup>  | 3649 | 3659 |
|  | Celulosa Arauco y Constitucion SA 6.18% 5/5/2032<sup>7</sup>  | 880 | 880 |
|  | Chevron Phillips Chemical Co., LLC 4.75% 5/15/2030<sup>7</sup>  | 1235 | 1244 |
|  | Cleveland-Cliffs, Inc. 5.875% 6/1/2027 | 6000 | 5925 |
|  | Cleveland-Cliffs, Inc. 6.875% 11/1/2029<sup>7</sup>  | 2000 | 1939 |
|  | Cleveland-Cliffs, Inc. 7.50% 9/15/2031<sup>7</sup>  | 4350 | 4213 |
|  | Cleveland-Cliffs, Inc. 7.00% 3/15/2032<sup>7</sup>  | 2500 | 2352 |
|  | Cleveland-Cliffs, Inc. 7.375% 5/1/2033<sup>7</sup>  | 2500 | 2352 |
|  | Consolidated Energy Finance SA 6.50% 5/15/2026<sup>7</sup>  | 1000 | 965 |
|  | Consolidated Energy Finance SA 12.00% 2/15/2031<sup>7</sup>  | 3100 | 2798 |
|  | Dow Chemical Co. (The) 5.15% 2/15/2034 | 412 | 405 |
|  | Dow Chemical Co. (The) 5.35% 3/15/2035 | 166 | 161 |
|  | Dow Chemical Co. (The) 5.55% 11/30/2048 | 526 | 471 |
|  | Dow Chemical Co. (The) 6.90% 5/15/2053 | 231 | 241 |
|  | Dow Chemical Co. (The) 5.60% 2/15/2054 | 1867 | 1648 |
|  | First Quantum Minerals, Ltd. 6.875% 10/15/2027<sup>7</sup>  | 27193 | 26887 |
|  | First Quantum Minerals, Ltd. 9.375% 3/1/2029<sup>7</sup>  | 5000 | 5251 |
|  | First Quantum Minerals, Ltd. 8.625% 6/1/2031<sup>7</sup>  | 5000 | 5074 |
|  | First Quantum Minerals, Ltd. 8.00% 3/1/2033<sup>7</sup>  | 700 | 693 |
|  | International Flavors & Fragrances, Inc. 2.30% 11/1/2030<sup>7</sup>  | 2600 | 2264 |

---

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

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------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Materials**<br> **(continued)** |  |  |  |
| **Materials**<br> **(continued)** | Magnera Corp. 7.25% 11/15/2031<sup>7</sup>  | USD2,000 | $1893 |
| **Materials**<br> **(continued)** | Methanex Corp. 5.125% 10/15/2027 | 3000 | 2947 |
|  | Minera Mexico, SA de CV 5.625% 2/12/2032<sup>7</sup>  | 1760 | 1766 |
|  | Mineral Resources, Ltd. 8.125% 5/1/2027<sup>7</sup>  | 1000 | 973 |
|  | Mineral Resources, Ltd. 8.00% 11/1/2027<sup>7</sup>  | 4075 | 3876 |
|  | Mineral Resources, Ltd. 9.25% 10/1/2028<sup>7</sup>  | 1370 | 1297 |
|  | NOVA Chemicals Corp. 4.25% 5/15/2029<sup>7</sup>  | 8500 | 8042 |
|  | OCI NV 6.70% 3/16/2033<sup>7</sup>  | 5195 | 5674 |
|  | Owens-Brockway Glass Container, Inc. 7.375% 6/1/2032<sup>7</sup>  | 1525 | 1490 |
|  | Quikrete Holdings, Inc. 6.375% 3/1/2032<sup>7</sup>  | 4000 | 4026 |
|  | Quikrete Holdings, Inc. 6.75% 3/1/2033<sup>7</sup>  | 410 | 412 |
|  | Quikrete Holdings, Inc., Term Loan B3, (3-month USD CME Term SOFR + 2.25%) <br> 6.572% 2/10/2032<sup>9,13</sup>  | 1300 | 1276 |
|  | Rio Tinto Finance (USA) PLC 4.875% 3/14/2030 | 1000 | 1016 |
|  | Sasol Financing USA, LLC 8.75% 5/3/2029<sup>7</sup>  | 3500 | 3321 |
|  | Sasol Financing USA, LLC 8.75% 5/3/2029<sup>14</sup>  | 750 | 712 |
|  | Sherwin-Williams Co. 3.45% 6/1/2027 | 5851 | 5752 |
|  | Stillwater Mining Co. 4.00% 11/16/2026<sup>14</sup>  | 900 | 863 |
|  | Vale Overseas, Ltd. 6.40% 6/28/2054 | 1303 | 1260 |
|  | Warrior Met Coal, Inc. 7.875% 12/1/2028<sup>7</sup>  | 2000 | 2020 |
|  |  |  | 148633 |
| **Consumer staples**<br> **0.13%** |  |  |  |
| **Consumer staples**<br> **0.13%** | Altria Group, Inc. 4.40% 2/14/2026 | 1173 | 1170 |
| **Consumer staples**<br> **0.13%** | Altria Group, Inc. 4.875% 2/4/2028 | 1002 | 1014 |
|  | Altria Group, Inc. 6.875% 11/1/2033 | 750 | 826 |
|  | Altria Group, Inc. 5.625% 2/6/2035 | 3015 | 3052 |
|  | Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/2029 | 15000 | 15235 |
|  | Anheuser-Busch InBev Worldwide, Inc. 5.00% 6/15/2034 | 500 | 505 |
|  | BAT Capital Corp. 4.70% 4/2/2027 | 7862 | 7894 |
|  | BAT Capital Corp. 3.557% 8/15/2027 | 7650 | 7510 |
|  | BAT Capital Corp. 6.343% 8/2/2030 | 728 | 779 |
|  | BAT Capital Corp. 5.834% 2/20/2031 | 2115 | 2203 |
|  | BAT Capital Corp. 5.35% 8/15/2032 | 5000 | 5031 |
|  | BAT Capital Corp. 6.421% 8/2/2033 | 1144 | 1225 |
|  | BAT Capital Corp. 6.00% 2/20/2034 | 2830 | 2960 |
|  | BAT Capital Corp. 5.625% 8/15/2035 | 6167 | 6195 |
|  | BAT Capital Corp. 5.65% 3/16/2052 | 713 | 643 |
|  | BAT Capital Corp. 7.081% 8/2/2053 | 2843 | 3093 |
|  | BAT Capital Corp. 6.25% 8/15/2055 | 1758 | 1719 |
|  | Campbells Co. (The) 4.75% 3/23/2035 | 1972 | 1889 |
|  | Campbells Co. (The) 5.25% 10/13/2054 | 938 | 843 |
|  | Coca-Cola Co. 5.20% 1/14/2055 | 1498 | 1434 |
|  | Constellation Brands, Inc. 4.40% 11/15/2025 | 1930 | 1927 |
|  | Constellation Brands, Inc. 4.35% 5/9/2027 | 1919 | 1917 |
|  | Constellation Brands, Inc. 4.80% 5/1/2030 | 331 | 332 |
|  | Coty, Inc. 5.00% 4/15/2026<sup>7</sup>  | 555 | 552 |
|  | Diageo Investment Corp. 5.625% 4/15/2035 | 824 | 848 |
|  | Imperial Brands Finance PLC 5.875% 7/1/2034<sup>7</sup>  | 2452 | 2490 |
|  | Kroger Co. 5.00% 9/15/2034 | 485 | 476 |
|  | Kroger Co. 5.50% 9/15/2054 | 1043 | 976 |
|  | Lamb Weston Holdings, Inc. 4.125% 1/31/2030<sup>7</sup>  | 2000 | 1879 |
|  | Lamb Weston Holdings, Inc. 4.375% 1/31/2032<sup>7</sup>  | 2000 | 1834 |
|  | Mars, Inc. 4.80% 3/1/2030<sup>7</sup>  | 106 | 107 |
|  | Mars, Inc. 5.20% 3/1/2035<sup>7</sup>  | 12500 | 12554 |
|  | Mars, Inc. 5.65% 5/1/2045<sup>7</sup>  | 5318 | 5285 |
|  | Mars, Inc. 5.70% 5/1/2055<sup>7</sup>  | 9375 | 9248 |
|  | Mars, Inc. 5.80% 5/1/2065<sup>7</sup>  | 1825 | 1800 |
|  | Minerva Luxembourg SA 8.875% 9/13/2033<sup>7</sup>  | 1725 | 1841 |
|  | NBM US Holdings, Inc. 6.625% 8/6/2029<sup>14</sup>  | 1683 | 1677 |
|  | Performance Food Group, Inc. 5.50% 10/15/2027<sup>7</sup>  | 1000 | 993 |
|  | Performance Food Group, Inc. 4.25% 8/1/2029<sup>7</sup>  | 1000 | 948 |
|  | Philip Morris International Inc. 4.125% 4/28/2028 | 1500 | 1499 |
|  | Philip Morris International Inc. 4.375% 4/30/2030 | 471 | 468 |
|  | Philip Morris International, Inc. 5.375% 2/15/2033 | 2000 | 2049 |
|  | Philip Morris International, Inc. 5.25% 2/13/2034 | 2487 | 2513 |
|  | Philip Morris International, Inc. 4.90% 11/1/2034 | 5652 | 5573 |

---

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

---

------

---

| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Consumer staples**<br> **(continued)** |  |  |  |
| **Consumer staples**<br> **(continued)** | Post Holdings, Inc. 6.25% 2/15/2032<sup>7</sup>  | USD1,441 | $1454 |
| **Consumer staples**<br> **(continued)** | Post Holdings, Inc. 6.375% 3/1/2033<sup>7</sup>  | 5000 | 4956 |
|  | Reynolds American, Inc. 4.45% 6/12/2025 | 7045 | 7041 |
|  |  |  | 138457 |
| **Information**<br> **technology**<br> **0.12%** |  |  |  |
| **Information**<br> **technology**<br> **0.12%** | Acuris Finance US, Inc. 9.00% 8/1/2029<sup>7</sup>  | 1675 | 1605 |
| **Information**<br> **technology**<br> **0.12%** | Amphenol Corp. 5.00% 1/15/2035 | 2795 | 2803 |
| **Information**<br> **technology**<br> **0.12%** | AppLovin Corp. 5.50% 12/1/2034 | 3000 | 2999 |
|  | Broadcom, Inc. 5.05% 7/12/2027 | 2000 | 2032 |
|  | Broadcom, Inc. 5.05% 7/12/2029 | 3569 | 3640 |
|  | Broadcom, Inc. 5.15% 11/15/2031 | 2511 | 2560 |
|  | Broadcom, Inc. 4.55% 2/15/2032 | 492 | 483 |
|  | Broadcom, Inc. 3.469% 4/15/2034<sup>7</sup>  | 1500 | 1319 |
|  | Broadcom, Inc. 4.80% 10/15/2034 | 495 | 482 |
|  | Diebold Nixdorf, Inc. 7.75% 3/31/2030<sup>7</sup>  | 14200 | 14819 |
|  | ION Trading Technologies SARL 9.50% 5/30/2029<sup>7</sup>  | 790 | 769 |
|  | Microchip Technology, Inc. 5.05% 3/15/2029 | 2725 | 2730 |
|  | Microchip Technology, Inc. 5.05% 2/15/2030 | 1437 | 1431 |
|  | Micron Technology, Inc. 6.05% 11/1/2035 | 2500 | 2536 |
|  | NCR Atleos Corp. 9.50% 4/1/2029<sup>7</sup>  | 1000 | 1077 |
|  | Oracle Corp. 4.80% 8/3/2028 | 3600 | 3648 |
|  | Oracle Corp. 5.25% 2/3/2032 | 1494 | 1515 |
|  | Oracle Corp. 5.50% 8/3/2035 | 4009 | 4027 |
|  | Oracle Corp. 3.95% 3/25/2051 | 3029 | 2190 |
|  | Oracle Corp. 6.00% 8/3/2055 | 3000 | 2921 |
|  | Roper Technologies, Inc. 4.90% 10/15/2034 | 2425 | 2358 |
|  | Synopsys, Inc. 5.15% 4/1/2035 | 36000 | 36091 |
|  | Synopsys, Inc. 5.70% 4/1/2055 | 20404 | 19738 |
|  | Texas Instruments, Inc. 4.85% 2/8/2034 | 5 | 5 |
|  | UKG, Inc. 6.875% 2/1/2031<sup>7</sup>  | 925 | 953 |
|  | Unisys Corp. 6.875% 11/1/2027<sup>7</sup>  | 1000 | 964 |
|  | Viasat, Inc. 5.625% 9/15/2025<sup>7</sup>  | 2750 | 2752 |
|  | Viasat, Inc. 5.625% 4/15/2027<sup>7</sup>  | 16000 | 15692 |
|  |  |  | 134139 |
| **Real estate**<br> **0.12%** |  |  |  |
| **Real estate**<br> **0.12%** | Boston Properties, LP 2.45% 10/1/2033 | 2114 | 1655 |
| **Real estate**<br> **0.12%** | Boston Properties, LP 6.50% 1/15/2034 | 2395 | 2513 |
|  | Boston Properties, LP 5.75% 1/15/2035 | 6414 | 6329 |
|  | Corp. Inmobiliaria Vesta, SAB de CV 3.625% 5/13/2031<sup>7</sup>  | 980 | 853 |
|  | Equinix, Inc. 2.90% 11/18/2026 | 6572 | 6419 |
|  | ERP Operating, LP 4.65% 9/15/2034 | 2274 | 2186 |
|  | FibraSOMA 4.375% 7/22/2031<sup>7</sup>  | 2753 | 2223 |
|  | Fideicomiso Fibra Uno 7.70% 1/23/2032<sup>7</sup>  | 355 | 363 |
|  | Fideicomiso Fibra Uno 8.25% 1/23/2037<sup>7</sup>  | 1000 | 1030 |
|  | Forestar Group, Inc. 5.00% 3/1/2028<sup>7</sup>  | 6000 | 5835 |
|  | Forestar Group, Inc. 6.50% 3/15/2033<sup>7</sup>  | 2640 | 2570 |
|  | GLP Capital, LP 4.00% 1/15/2030 | 2500 | 2359 |
|  | Highwoods Realty, LP 7.65% 2/1/2034 | 2000 | 2192 |
|  | Howard Hughes Corp. (The) 5.375% 8/1/2028<sup>7</sup>  | 5130 | 4947 |
|  | Howard Hughes Corp. (The) 4.125% 2/1/2029<sup>7</sup>  | 595 | 546 |
|  | Iron Mountain, Inc. 5.00% 7/15/2028<sup>7</sup>  | 2410 | 2359 |
|  | Kennedy-Wilson, Inc. 4.75% 3/1/2029 | 1150 | 1037 |
|  | Kennedy-Wilson, Inc. 4.75% 2/1/2030 | 310 | 274 |
|  | Kennedy-Wilson, Inc. 5.00% 3/1/2031 | 2315 | 1983 |
|  | Kilroy Realty, LP 6.25% 1/15/2036 | 1048 | 1015 |
|  | Ladder Capital Finance Holdings LLLP 5.25% 10/1/2025<sup>7</sup>  | 1000 | 996 |
|  | Ladder Capital Finance Holdings LLLP 4.25% 2/1/2027<sup>7</sup>  | 1000 | 975 |
|  | MPT Operating Partnership, LP 3.50% 3/15/2031 | 1500 | 996 |
|  | MPT Operating Partnership, LP 8.50% 2/15/2032<sup>7</sup>  | 27553 | 28016 |
|  | Prologis, LP 5.00% 3/15/2034 | 1430 | 1417 |
|  | Prologis, LP 5.25% 3/15/2054 | 270 | 250 |
|  | RLJ Lodging Trust, LP 3.75% 7/1/2026<sup>7</sup>  | 1000 | 981 |
|  | Service Properties Trust 5.25% 2/15/2026 | 2000 | 1977 |
|  | Service Properties Trust 4.75% 10/1/2026 | 4380 | 4246 |
|  | Service Properties Trust 4.95% 2/15/2027 | 558 | 531 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Corporate bonds, notes & loans (continued)** |
| **Real estate**<br> **(continued)** |  |  |  |
| **Real estate**<br> **(continued)** | Service Properties Trust 5.50% 12/15/2027 | USD12,000 | $11443 |
| **Real estate**<br> **(continued)** | Service Properties Trust 3.95% 1/15/2028 | 5110 | 4512 |
|  | Service Properties Trust 8.375% 6/15/2029 | 6000 | 5874 |
|  | Service Properties Trust 4.95% 10/1/2029 | 1042 | 819 |
|  | Service Properties Trust 4.375% 2/15/2030 | 60 | 45 |
|  | Service Properties Trust 8.625% 11/15/2031<sup>7</sup>  | 16515 | 17538 |
|  | VICI Properties, LP 5.75% 2/1/2027<sup>7</sup>  | 1500 | 1517 |
|  | VICI Properties, LP 5.625% 4/1/2035 | 1079 | 1069 |
|  | WEA Finance, LLC 3.50% 6/15/2029<sup>7</sup>  | 2083 | 1978 |
|  |  |  | 133868 |
|  | **Total corporate bonds, notes & loans** |  | 3004956 |
| **Asset-backed obligations 0.67%** | **Asset-backed obligations 0.67%** | **Asset-backed obligations 0.67%** | **Asset-backed obligations 0.67%** |
|  | ACHV ABS Trust, Series 2024-3AL, Class A, 5.01% 12/26/2031<sup>7,8</sup>  | 783 | 785 |
|  | Affirm, Inc., Series 2023-B, Class A, 6.82% 9/15/2028<sup>7,8</sup>  | 1000 | 1006 |
|  | Affirm, Inc., Series 2024-X1, Class A, 6.27% 5/15/2029<sup>7,8</sup>  | 50 | 50 |
|  | Affirm, Inc., Series 2024-X2, Class A, 5.22% 12/17/2029<sup>7,8</sup>  | 136 | 135 |
|  | Allegro CLO, Ltd., Series 2019-1, Class ARR, (3-month USD CME Term SOFR + 1.13%) <br> 5.399% 4/20/2032<sup>7,8,9</sup>  | 538 | 537 |
|  | American Credit Acceptance Receivables Trust, Series 2024-2, Class B, <br>6.10% 12/13/2027<sup>7,8</sup>  | 410 | 412 |
|  | American Credit Acceptance Receivables Trust, Series 2024-4, Class B, <br>4.80% 11/13/2028<sup>7,8</sup>  | 1731 | 1735 |
|  | American Credit Acceptance Receivables Trust, Series 2023-2, Class D, <br>6.47% 8/13/2029<sup>7,8</sup>  | 473 | 479 |
|  | American Credit Acceptance Receivables Trust, Series 2024-4, Class C, <br>4.91% 8/12/2031<sup>7,8</sup>  | 1869 | 1863 |
|  | AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A3, 5.43% 1/18/2029<sup>8</sup>  | 372 | 376 |
|  | Apollo Aviation Securitization Equity Trust., Series 25-1A, Class A, 5.943% 2/16/2050<sup>7,8</sup>  | 783 | 787 |
|  | Apollo Aviation Securitization Equity Trust., Series 25-1A, Class A, 6.576% 2/16/2050<sup>7,8</sup>  | 373 | 376 |
|  | Auxilior Term Funding, LLC, Series 24-1, Class A2, 5.84% 3/15/2027<sup>7,8</sup>  | 193 | 195 |
|  | Avant Credit Card Master Trust, Series 2024-2A, Class A, 5.38% 5/15/2029<sup>7,8</sup>  | 2500 | 2498 |
|  | Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class A, <br>2.33% 8/20/2026<sup>7,8</sup>  | 8543 | 8505 |
|  | Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, <br>2.02% 2/20/2027<sup>7,8</sup>  | 9090 | 8943 |
|  | Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, <br>2.96% 2/20/2027<sup>7,8</sup>  | 1383 | 1364 |
|  | Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, <br>5.81% 12/20/2029<sup>7,8</sup>  | 29522 | 30553 |
|  | AXIS Equipment Finance Receivables, LLC, Series 2023-1, Class A2, <br>6.09% 12/20/2029<sup>7,8</sup>  | 772 | 782 |
|  | Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, <br>3.59% 9/17/2031<sup>7,8</sup>  | 571 | 569 |
|  | Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, <br>5.17% 9/17/2031<sup>7,8</sup>  | 2000 | 1995 |
|  | Battalion CLO, Ltd., Series 2018-12A, Class ARR, <br>(3-month USD CME Term SOFR + 0.93%) 5.253% 5/17/2031<sup>7,8,9</sup>  | 656 | 654 |
|  | Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, <br>Series 2021-1, Class B, 3.446% 7/15/2046<sup>7,8</sup>  | 328 | 307 |
|  | Blue Owl Asset Leasing Trust, Series 2024-1A, Class A2, 5.05% 3/15/2029<sup>7,8</sup>  | 735 | 736 |
|  | Bluemountain CLO, Ltd., Series 2018-22, Class A1, <br>(3-month USD CME Term SOFR + 1.342%) 5.598% 7/15/2031<sup>7,8,9</sup>  | 609 | 609 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A2, <br>4.71% 9/15/2027<sup>8</sup>  | 421 | 421 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class A3, <br>4.67% 8/15/2028<sup>8</sup>  | 400 | 401 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2025-1, Class B, <br>4.92% 3/15/2029<sup>8</sup>  | 355 | 357 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, <br>5.65% 4/16/2029<sup>8</sup>  | 247 | 249 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class D, <br>6.03% 11/15/2029<sup>8</sup>  | 479 | 487 |
|  | Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class D, <br>5.83% 5/15/2030<sup>8</sup>  | 1729 | 1755 |
|  | Business Jet Securities, LLC, Series 2024-2A, Class A, 5.364% 9/15/2039<sup>7,8</sup>  | 1388 | 1381 |

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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>|
| **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** | **Asset-backed obligations (continued)** |
| Capteris Equipment Finance, Series 2024-1, Class A2, 5.58% 7/20/2032<sup>7,8</sup>  | USD444 | $450 |
| CarMax Select Receivables Trust, Series 2024-A, Class A2A, 5.78% 9/15/2027<sup>8</sup>  | 2035 | 2043 |
| Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/2037<sup>7,8</sup>  | 2461 | 2258 |
| Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/2041<sup>7,8</sup>  | 104 | 100 |
| Castlelake Aircraft Securitization Trust, Series 2025-1A, Class A, 5.783% 2/15/2050<sup>7,8</sup>  | 5266 | 5310 |
| CCG Receivables Trust, Series 2025-1, Class D, 5.28% 10/14/2032<sup>7,8</sup>  | 100 | 100 |
| CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/2060<sup>7,8</sup>  | 35762 | 35327 |
| CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/2060<sup>7,8</sup>  | 5678 | 5233 |
| CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/2061<sup>7,8</sup>  | 26816 | 25543 |
| CF Hippolyta, LLC, Series 2022-1A, Class A1, 5.97% 8/15/2062<sup>7,8</sup>  | 44524 | 44793 |
| Clarus Capital Funding, LLC, Series 2024-1A, Class A2, 4.71% 8/20/2032<sup>7,8</sup>  | 1225 | 1227 |
| CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/2045<sup>7,8</sup>  | 189 | 178 |
| CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/2045<sup>7,8</sup>  | 400 | 370 |
| CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/2045<sup>7,8</sup>  | 542 | 502 |
| CLI Funding VI, LLC, Series 2020-1A, Class B, 3.62% 9/18/2045<sup>7,8</sup>  | 354 | 334 |
| ClickLease Equipment Receivables 2024-1 Trust, Series 2024-1, Class A, <br>6.86% 2/15/2030<sup>7,8</sup>  | 14 | 14 |
| CPS Auto Receivables Trust, Series 2024-C, Class B, 5.68% 12/15/2028<sup>7,8</sup>  | 202 | 204 |
| CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/2030<sup>7,8</sup>  | 100 | 101 |
| CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/2030<sup>7,8</sup>  | 100 | 102 |
| Crockett Partners Equipment Co. II, LLC, Series 2024-1C, Class A, 6.05% 1/20/2031<sup>7,8</sup>  | 564 | 574 |
| Crossroads Asset Trust, Series 2024-A, Class A2, 5.90% 8/20/2030<sup>7,8</sup>  | 338 | 342 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2005-D, Class 2A, FSA insured, <br> (1-month USD CME Term SOFR + 0.304%) 4.626% 11/15/2035<sup>8,9</sup>  | 13 | 12 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-F, Class 2A1A, FSA insured, <br> (1-month USD CME Term SOFR + 0.254%) 4.576% 7/15/2036<sup>8,9</sup>  | 928 | 865 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, <br>(1-month USD CME Term SOFR + 0.254%) 4.576% 1/15/2037<sup>8,9</sup>  | 1098 | 1035 |
| CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, <br>(1-month USD CME Term SOFR + 0.264%) 4.586% 2/15/2037<sup>8,9</sup>  | 2208 | 2052 |
| Daimler Trucks Retail Trust, Series 2024-1, Class A2, 5.60% 4/15/2026<sup>8</sup>  | 567 | 568 |
| Dell Equipment Finance Trust, Series 2025-1, Class A2, 4.68% 7/22/2027<sup>7,8</sup>  | 1500 | 1502 |
| Dell Equipment Finance Trust, Series 2024-2, Class A3, 4.59% 8/22/2030<sup>7,8</sup>  | 244 | 245 |
| Dext ABS, Series 2023-1, Class A2, 5.99% 3/15/2032<sup>7,8</sup>  | 471 | 473 |
| Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31% 3/15/2028<sup>8</sup>  | 28213 | 28212 |
| DLLAD, LLC, Series 2024-1, Class A3, 5.30% 7/20/2029<sup>7,8</sup>  | 3681 | 3756 |
| EquipmentShare, Series 2024-2M, Class A, 5.70% 12/20/2032<sup>7,8</sup>  | 233 | 236 |
| Evergreen Credit Card Trust, Series 2025-CRT5, Class C, 5.53% 5/15/2029<sup>7,8</sup>  | 153 | 154 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A2, 4.70% 9/15/2027<sup>8</sup>  | 336 | 336 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class A3, 4.67% 8/15/2028<sup>8</sup>  | 150 | 150 |
| Exeter Automobile Receivables Trust, Series 2025-1A, Class B, 4.91% 8/15/2029<sup>8</sup>  | 338 | 340 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class B, 5.29% 8/15/2030<sup>8</sup>  | 323 | 325 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class D, 5.81% 12/16/2030<sup>8</sup>  | 745 | 753 |
| Exeter Automobile Receivables Trust, Series 2024-4A, Class E, 7.65% 2/17/2032<sup>7,8</sup>  | 1480 | 1496 |
| FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/2037<sup>7,8</sup>  | 7088 | 6959 |
| Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/2036<sup>7,8</sup>  | 15564 | 16031 |
| Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/2028<sup>7,8</sup>  | 16177 | 16256 |
| Ford Credit Floorplan Master Owner Trust, Series 2024-3, Class A1, 4.30% 9/15/2029<sup>7,8</sup>  | 20420 | 20457 |
| GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/2045<sup>7,8</sup>  | 34198 | 32003 |
| GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/2046<sup>7,8</sup>  | 3746 | 3422 |
| Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/2039<sup>7,8</sup>  | 1428 | 1389 |
| Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/2040<sup>7,8</sup>  | 748 | 709 |
| Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/2040<sup>7,8</sup>  | 205 | 197 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A2, 4.76% 10/15/2027<sup>7,8</sup>  | 1640 | 1639 |
| GLS Auto Receivables Trust, Series 2024-2, Class A3, 5.64% 1/18/2028<sup>7,8</sup>  | 149 | 150 |
| GLS Auto Receivables Trust, Series 2024-4A, Class A3, 4.75% 7/17/2028<sup>7,8</sup>  | 111 | 111 |
| GLS Auto Receivables Trust, Series 2024-1, Class E, 7.94% 10/15/2030<sup>7,8</sup>  | 915 | 935 |
| GLS Auto Select Receivables Trust, Series 2024-4A, Class A2, 4.43% 12/17/2029<sup>7,8</sup>  | 3032 | 3030 |
| GLS Auto Select Receivables Trust, Series 2025-1A, Class A2, 4.71% 4/15/2030<sup>7,8</sup>  | 161 | 162 |
| GM Financial Automobile Leasing Trust, Series 2024-2, Class A3, 5.39% 7/20/2027<sup>8</sup>  | 261 | 264 |
| GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/2035<sup>7,8</sup>  | 25200 | 25843 |
| GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/2035<sup>7,8</sup>  | 16218 | 16856 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A2, <br>5.28% 3/15/2027<sup>7,8</sup>  | 739 | 742 |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2023-1, Class A3, <br>5.15% 7/15/2027<sup>7,8</sup>  | 556 | 560 |

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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)** |
| GreatAmerica Leasing Receivables Funding, LLC, Series 2024-2, Class A3, <br>5.00% 9/15/2028<sup>7,8</sup>  | USD801 | $811 |
| Hertz Vehicle Financing III, LLC, Series 2021-A, Class B, 9.44% 6/25/2025<sup>2,7,8</sup>  | 1780 | 1780 |
| Hertz Vehicle Financing III, LLC, Series 2023-1, Class A, 5.49% 6/25/2027<sup>7,8</sup>  | 341 | 343 |
| Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/2028<sup>7,8</sup>  | 2012 | 1902 |
| Hertz Vehicle Financing, LLC, Series 2022-1A, Class C, 2.63% 6/25/2026<sup>7,8</sup>  | 388 | 386 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class A, 1.68% 12/27/2027<sup>7,8</sup>  | 14850 | 14203 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class B, 2.12% 12/27/2027<sup>7,8</sup>  | 5267 | 5016 |
| Hertz Vehicle Financing, LLC, Series 2021-2A, Class C, 2.52% 12/27/2027<sup>7,8</sup>  | 826 | 785 |
| Hertz Vehicle Financing, LLC, Series 2023-3A, Class A, 5.94% 2/25/2028<sup>7,8</sup>  | 281 | 286 |
| Hertz Vehicle Financing, LLC, Series 2024-1A, Class D, 9.22% 1/25/2029<sup>7,8</sup>  | 262 | 265 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class B, 5.45% 9/25/2029<sup>7,8</sup>  | 742 | 742 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class C, 6.03% 9/25/2029<sup>7,8</sup>  | 824 | 823 |
| Hertz Vehicle Financing, LLC, Series 2025-1A, Class D, 7.98% 9/25/2029<sup>7,8</sup>  | 353 | 346 |
| Hertz Vehicle Financing, LLC, Series 2024-2A, Class D, 9.41% 1/27/2031<sup>7,8</sup>  | 250 | 254 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class C, 6.40% 9/25/2031<sup>7,8</sup>  | 958 | 962 |
| Hertz Vehicle Financing, LLC, Series 2025-2A, Class D, 8.34% 9/25/2031<sup>7,8</sup>  | 328 | 318 |
| Horizon Aircraft Finance, Series 2024-1, Class A, 5.375% 9/15/2049<sup>7,8</sup>  | 3908 | 3850 |
| HPEFS Equipment Trust, Series 2024-2, Class A3, 5.36% 10/20/2031<sup>7,8</sup>  | 273 | 276 |
| Juniper Valley Park CLO, Ltd., Series 2023-1, Class AR, <br>(3-month USD CME Term SOFR + 1.25%) 5.519% 7/20/2036<sup>7,8,9</sup>  | 750 | 747 |
| KKR Financial CLO, Ltd., Series 9, Class AR2, (3-month USD CME Term SOFR + 1.212%) <br> 5.468% 7/15/2030<sup>7,8,9</sup>  | 105 | 105 |
| Kubota Credit Owner Trust, Series 2024-2, Class A2, 5.45% 4/15/2027<sup>7,8</sup>  | 5789 | 5820 |
| LAD Auto Receivables Trust, Series 2024-2, Class A3, 5.61% 8/15/2028<sup>7,8</sup>  | 132 | 133 |
| LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52% 3/15/2029<sup>7,8</sup>  | 119 | 119 |
| Lendbuzz Securitization Trust, Series 2025-1A, Class A2, 5.10% 10/15/2030<sup>7,8</sup>  | 148 | 149 |
| Marathon CLO, Ltd., Series 2019-2A, Class A1R2, <br>(3-month USD CME Term SOFR + 0.95%) 5.219% 1/20/2033<sup>7,8,9</sup>  | 576 | 572 |
| Marble Point CLO, Ltd., Series 2019-1A, Class A1R2, <br>(3-month USD CME Term SOFR + 1.04%) 5.319% 7/23/2032<sup>7,8,9</sup>  | 2262 | 2259 |
| Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3, 5.32% 1/18/2028<sup>8</sup>  | 477 | 483 |
| Mercury Financial Credit Card Master Trust, Series 2024-2A, Class A, <br>6.56% 7/20/2029<sup>7,8</sup>  | 410 | 415 |
| Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029<sup>7,8</sup>  | 156 | 157 |
| Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/2069<sup>7,8</sup>  | 419 | 383 |
| Navient Student Loan Trust, Series 2021-CA, Class A, 1.06% 10/15/2069<sup>7,8</sup>  | 10434 | 9384 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/2046<sup>7,8</sup>  | 1039 | 970 |
| Navigator Aircraft ABS, Ltd., Series 2021-1, Class B, 3.571% 11/15/2046<sup>7,8</sup>  | 709 | 665 |
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/2062<sup>7,8</sup>  | 10454 | 9747 |
| Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/2062<sup>7,8</sup>  | 24349 | 22687 |
| Nelnet Student Loan Trust, Series 2021-CA, Class C, 3.36% 4/20/2062<sup>7,8</sup>  | 1328 | 1134 |
| Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/2062<sup>7,8</sup>  | 1889 | 1655 |
| Nelnet Student Loan Trust, Series 2021-CA, Class AFL, <br>(1-month USD CME Term SOFR + 0.854%) 5.174% 4/20/2062<sup>7,8,9</sup>  | 12478 | 12419 |
| New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, <br>1.91% 10/20/2061<sup>7,8</sup>  | 93915 | 88268 |
| NMEF Funding, LLC, Series 2024-A, Class A2, 5.15% 12/15/2031<sup>7,8</sup>  | 1494 | 1500 |
| NMEF Funding, LLC, Series 2025-A, Class A2, 4.72% 7/15/2032<sup>7,8</sup>  | 240 | 240 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-1, Class A, 6.27% 6/17/2031<sup>7,8</sup>  | 4284 | 4352 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class A, 4.98% 10/17/2031<sup>7,8</sup>  | 801 | 794 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class B, 5.42% 10/17/2031<sup>7,8</sup>  | 145 | 143 |
| OnDeck Asset Securitization Trust, LLC, Series 2024-2A, Class C, 7.03% 10/17/2031<sup>7,8</sup>  | 100 | 100 |
| OnDeck Asset Securitization Trust, LLC, Series 2025-1A, Class A, 5.08% 4/19/2032<sup>7,8</sup>  | 159 | 159 |
| Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/2031<sup>7,8</sup>  | 2510 | 2446 |
| Option One Mortgage Loan Trust, Series 2007-FXD2, Class IIA6, 5.68% 3/25/2037<sup>8</sup>  | 469 | 391 |
| Palmer Square Loan Funding, Ltd., Series 2024-2A, Class A1N, <br>(3-month USD CME Term SOFR + 1.00%) 5.256% 1/15/2033<sup>7,8,9</sup>  | 685 | 683 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A1, 4.592% 2/20/2026<sup>7,8</sup>  | 840 | 840 |
| PEAC Solutions Receivables, LLC, Series 2024-1A, Class A2, 5.79% 6/21/2027<sup>7,8</sup>  | 305 | 307 |
| PEAC Solutions Receivables, LLC, Series 2025-1A, Class A2, 4.94% 10/20/2028<sup>7,8</sup>  | 471 | 472 |
| PEAC Solutions Receivables, LLC, Series 2024-2A, Class A3, 4.65% 10/20/2031<sup>7,8</sup>  | 78 | 78 |
| PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/2028<sup>7,8</sup>  | 15258 | 15378 |
| PK ALIFT Loan Funding 4 LP, Series 2024-2, Class A, 5.052% 10/15/2039<sup>7,8</sup>  | 867 | 859 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class A1, 5.842% 9/15/2039<sup>7,8</sup>  | 613 | 621 |
| PK ALIFT Loan Funding 3, LP, Series 2024-1, Class AF, <br>(1-month USD CME Term SOFR + 0%) 6.022% 9/15/2039<sup>7,8,9</sup>  | 197 | 196 |

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

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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)** |
| Porsche Innovative Lease Owner Trust, Series 2024-1, Class A2A, 4.84% 1/20/2027<sup>7,8</sup>  | USD1,727 | $1728 |
| Post Road Equipment Finance, Series 2025-1A, Class A2, 4.90% 5/15/2031<sup>7,8</sup>  | 119 | 120 |
| Reach Financial, LLC, Series 2024-2, Class A, 5.88% 7/15/2031<sup>7,8</sup>  | 76 | 76 |
| Santander Drive Auto Receivables Trust, Series 2024-3, Class A2, 5.91% 6/15/2027<sup>8</sup>  | 288 | 288 |
| Santander Drive Auto Receivables Trust, Series 2024-4, Class A2, 5.41% 7/15/2027<sup>8</sup>  | 5867 | 5875 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/2028<sup>8</sup>  | 122 | 122 |
| Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.98% 2/15/2028<sup>8</sup>  | 1546 | 1546 |
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A3, 5.73% 4/17/2028<sup>8</sup>  | 2528 | 2537 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/16/2028<sup>8</sup>  | 448 | 448 |
| Santander Drive Auto Receivables Trust, Series 2024-5, Class A3, 4.62% 11/15/2028<sup>8</sup>  | 232 | 232 |
| Santander Drive Auto Receivables Trust, Series 2022-3, Class C, 4.49% 8/15/2029<sup>8</sup>  | 1000 | 999 |
| Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/2031<sup>8</sup>  | 249 | 256 |
| SCF Equipment Leasing, LLC, Series 2024-1A, Class A2, 5.88% 11/20/2029<sup>7,8</sup>  | 196 | 197 |
| SCF Equipment Trust, LLC, Series 2025-1A, Class A2, 4.82% 7/22/2030<sup>7,8</sup>  | 212 | 212 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% 7/25/2031<sup>7,8</sup>  | 36 | 36 |
| SFS Auto Receivables Securitization Trust, Series 2023-1, Class A2A, <br>5.89% 3/22/2027<sup>7,8</sup>  | 132 | 132 |
| SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/2053<sup>7,8</sup>  | 3322 | 2989 |
| SMB Private Education Loan Trust, Series 2025-A, Class A1A, 5.13% 4/15/2054<sup>7,8</sup>  | 2104 | 2104 |
| SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/2046<sup>7,8</sup>  | 569 | 530 |
| Sound Point CLO, Ltd., Series 2014-1R, Class A, <br>(3-month USD CME Term SOFR + 1.412%) 5.681% 7/18/2031<sup>7,8,9</sup>  | 511 | 511 |
| Steele Creek CLO, Ltd., Series 2019-1A, Class ARR, <br>(3-month USD CME Term SOFR + 1.04%) 5.296% 4/15/2032<sup>7,8,9</sup>  | 507 | 506 |
| Steele Creek CLO, Ltd., Series 2019-2A, Class ARR, <br>(3-month USD CME Term SOFR + 1.00%) 5.256% 7/15/2032<sup>7,8,9</sup>  | 403 | 402 |
| Stonepeak Infrastructure Partners, Series 2021-1A, Class B, 3.821% 2/28/2033<sup>7,8</sup>  | 486 | 466 |
| Subway Funding, LLC, Series 2024-3, Class A2I, 5.246% 7/30/2054<sup>7,8</sup>  | 1268 | 1260 |
| Subway Funding, LLC, Series 2024-3A, Class A2II, 5.566% 7/30/2054<sup>7,8</sup>  | 1496 | 1488 |
| Subway Funding, LLC, Series 2024-3, Class A23, 5.914% 7/30/2054<sup>7,8</sup>  | 1552 | 1546 |
| SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/2075<sup>7,8</sup>  | 947 | 915 |
| Sycamore Tree CLO, Ltd., Series 2024-5, Class A1, <br>(3-month USD CME Term SOFR + 1.42%) 5.689% 4/20/2036<sup>7,8,9</sup>  | 3000 | 3000 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/2045<sup>7,8</sup>  | 227 | 212 |
| Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/2045<sup>7,8</sup>  | 664 | 625 |
| Thompson Park CLO, Ltd., Series 2021-1A, Class A1R, <br>(3-month USD CME Term SOFR + 1.05%) 5.306% 4/15/2034<sup>7,8,9</sup>  | 517 | 515 |
| Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 5/25/2033<sup>7,8</sup>  | 5335 | 5322 |
| Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/2034<sup>7,8,9</sup>  | 19538 | 19007 |
| Toyota Auto Loan Extended Note Trust, Series 2023-1, Class A, 4.93% 6/25/2036<sup>7,8</sup>  | 24543 | 25066 |
| Tricolor Auto Securitization Trust, Series 2025-1A, Class A, 4.94% 2/15/2029<sup>7,8</sup>  | 2781 | 2782 |
| Trinitas CLO, Ltd., Series 2018-9A, Class ARRR, <br>(3-month USD CME Term SOFR + 1.20%) 5.469% 1/20/2032<sup>7,8,9</sup>  | 272 | 272 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/2045<sup>7,8</sup>  | 1221 | 1129 |
| Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/2045<sup>7,8</sup>  | 488 | 462 |
| United Auto Credit Securitization Trust, Series 2024-1, Class A, 6.17% 8/10/2026<sup>7,8</sup>  | 13 | 13 |
| United Auto Credit Securitization Trust, Series 2025-1, Class A, 4.80% 6/10/2027<sup>7,8</sup>  | 453 | 453 |
| Venture CDO, Ltd., CLO, Series 2019-36A, Class A1AR, <br>(3-month USD CME Term SOFR + 1.13%) 5.661% 4/20/2032<sup>7,8,9</sup>  | 975 | 975 |
| Verdant Receivables, LLC, Series 2024-1, Class A2, 5.68% 12/12/2031<sup>7,8</sup>  | 148 | 150 |
| Volvo Financial Equipment, LLC, Series 2024-1A, Class A2, 4.56% 5/17/2027<sup>7,8</sup>  | 1072 | 1073 |
| Volvo Financial Equipment, LLC, Series 2025-1A, Class A2, 4.41% 11/15/2027<sup>7,8</sup>  | 237 | 237 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A2A, <br>4.82% 9/15/2027<sup>7,8</sup>  | 19920 | 19928 |
| Westlake Automobile Receivables Trust, Series 2022-2A, Class C, <br>4.85% 9/15/2027<sup>7,8</sup>  | 2072 | 2071 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class A2A, <br>4.66% 1/18/2028<sup>7,8</sup>  | 336 | 336 |
| Westlake Automobile Receivables Trust, Series 2024-3A, Class A3, <br>4.71% 4/17/2028<sup>7,8</sup>  | 4547 | 4553 |
| Westlake Automobile Receivables Trust, Series 2025-1A, Class B, <br>4.98% 9/16/2030<sup>7,8</sup>  | 129 | 130 |
| Wheels Fleet Lease Funding, LLC, Series 24-2A, Class A1, 4.87% 6/21/2039<sup>7,8</sup>  | 401 | 404 |
| Wheels Fleet Lease Funding, LLC, Series 2024-3A, Class A1, 4.80% 9/19/2039<sup>7,8</sup>  | 1030 | 1037 |

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

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| | | | |
|:---|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | 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)** | **Asset-backed obligations (continued)** |
|  | Wingspire Equipment Finance, LLC, Series 2024-1A, Class A2, 4.99% 9/20/2032<sup>7,8</sup>  | USD582 | $583 |
|  | World Financial Network Credit Card Master Trust, Series 2024-A, Class A, <br>5.47% 2/17/2031<sup>8</sup>  | 539 | 552 |
|  | World Financial Network Credit Card Master Trust, Series 2024-B, Class A, <br>4.62% 5/15/2031<sup>8</sup>  | 658 | 664 |
|  | **Total asset-backed obligations** |  | 726882 |
| **Bonds & notes of governments & government agencies outside the U.S. 0.08%** | **Bonds & notes of governments & government agencies outside the U.S. 0.08%** | **Bonds & notes of governments & government agencies outside the U.S. 0.08%** | **Bonds & notes of governments & government agencies outside the U.S. 0.08%** |
|  | Brazil (Federative Republic of) 10.00% 1/1/2029 | BRL46,800 | 7454 |
|  | Colombia (Republic of) 8.00% 4/20/2033 | USD2,500 | 2543 |
|  | Colombia (Republic of) 7.50% 2/2/2034 | 1290 | 1260 |
|  | Colombia (Republic of) 8.50% 4/25/2035 | 1505 | 1531 |
|  | Colombia (Republic of) 8.00% 11/14/2035 | 1485 | 1460 |
|  | Colombia (Republic of) 7.75% 11/7/2036 | 320 | 305 |
|  | Colombia (Republic of) 8.375% 11/7/2054 | 360 | 330 |
|  | Greece (Hellenic Republic of) 3.625% 6/15/2035 | EUR1,500 | 1747 |
|  | New South Wales Treasury Corp. 4.75% 9/20/2035 | AUD1,000 | 635 |
|  | New South Wales Treasury Corp. 4.25% 2/20/2036 | 1500 | 905 |
|  | Panama (Republic of) 6.875% 1/31/2036 | USD2,225 | 2155 |
|  | Panama (Republic of) 8.00% 3/1/2038 | 440 | 457 |
|  | Panama (Republic of) 6.853% 3/28/2054 | 650 | 561 |
|  | Peru (Republic of) 2.783% 1/23/2031 | 12640 | 11219 |
|  | Peru (Republic of) 5.875% 8/8/2054 | 640 | 608 |
|  | Qatar (State of) 4.50% 4/23/2028<sup>7</sup>  | 7070 | 7172 |
|  | Qatar (State of) 5.103% 4/23/2048<sup>7</sup>  | 4800 | 4552 |
|  | Romania 3.50% 4/3/2034 | EUR1,770 | 1614 |
|  | Saudi Arabia (Kingdom of) 3.628% 4/20/2027<sup>7</sup>  | USD5,000 | 4930 |
|  | Saudi Arabia (Kingdom of) 3.625% 3/4/2028<sup>7</sup>  | 11435 | 11170 |
|  | United Mexican States 6.00% 5/7/2036 | 1820 | 1738 |
|  | United Mexican States 6.875% 5/13/2037 | 1815 | 1839 |
|  | United Mexican States 5.00% 4/27/2051 | 2370 | 1773 |
|  | United Mexican States 6.338% 5/4/2053 | 3995 | 3520 |
|  | United Mexican States 6.40% 5/7/2054 | 1000 | 889 |
|  | United Mexican States 7.375% 5/13/2055 | 18830 | 18715 |
|  | United Mexican States 3.75% 4/19/2071 | 2550 | 1396 |
|  | **Total bonds & notes of governments & government agencies outside the U.S.** |  | 92478 |
| **Municipals 0.04%** | **Municipals 0.04%** | **Municipals 0.04%** | **Municipals 0.04%** |
| **California**<br> **0.00%** |  |  |  |
| **California**<br> **0.00%** | Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-<br> Backed Bonds, Series 2021-B, 2.746% 6/1/2034 | 1580 | 1352 |
| **California**<br> **0.00%** |  |  | 1352 |
| **Illinois**<br> **0.02%** |  |  |  |
| **Illinois**<br> **0.02%** | G.O. Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033 | 21162 | 21167 |
| **Illinois**<br> **0.02%** |  |  | 21167 |
| **Massachusetts**<br> **0.01%** |  |  |  |
| **Massachusetts**<br> **0.01%** | Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-A, 6.352% 7/1/2049 | 7100 | 7127 |
| **Massachusetts**<br> **0.01%** |  |  | 7127 |
| **Ohio**<br> **0.00%** |  |  |  |
| **Ohio**<br> **0.00%** | Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care <br> Center Project), <br>Series 2021, 4.425% 5/1/2031 | 4715 | 4180 |
| **Ohio**<br> **0.00%** |  |  | 4180 |
| **Texas**<br> **0.01%** |  |  |  |
| **Texas**<br> **0.01%** | Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, <br>Series 2020-B, 3.236% 10/1/2052 | 8155 | 5589 |
| **Texas**<br> **0.01%** |  |  | 5589 |
|  | **Total municipals** |  | 39415 |

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

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued) | Principal amount<br> (000)<br>| Value<br> (000)<br>|
| **Federal agency bonds & notes 0.04%** | **Federal agency bonds & notes 0.04%** | **Federal agency bonds & notes 0.04%** |
| Bank Gospodarstwa Krajowego 6.25% 7/9/2054<sup>7</sup>  | USD1,560 | $1563 |
| Fannie Mae 2.125% 4/24/2026 | 37230 | 36588 |
| Korea Gas Corp. 5.00% 7/8/2029<sup>7</sup>  | 289 | 296 |
| **Total federal agency bonds & notes** |  | 38447 |
| **Total bonds, notes & other debt instruments** (cost: $16,876,860,000) |  | 16537240 |
| Investment funds 2.38% | Shares |  |
| Capital Group Central Corporate Bond Fund<sup>5</sup> <br>| 311616467 | 2608230 |
| **Total Investment funds** (cost: $3,085,995,000) |  | 2608230 |
| Short-term securities 5.51% |  |  |
| **Money market investments 5.48%** | **Money market investments 5.48%** | **Money market investments 5.48%** |
| Capital Group Central Cash Fund 4.28%<sup>5,17</sup>  | 59930099 | 5992411 |
| **Money market investments purchased with collateral from securities on loan 0.03%** | **Money market investments purchased with collateral from securities on loan 0.03%** | **Money market investments purchased with collateral from securities on loan 0.03%** |
| Capital Group Central Cash Fund 4.28%<sup>5,17,18</sup>  | 203144 | 20312 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, <br>Institutional Class 4.26%<sup>17,18</sup>  | 3462029 | 3462 |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 4.22%<sup>17,18</sup>  | 800000 | 800 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 4.19%<sup>17,18</sup>  | 800000 | 800 |
| Fidelity Investments Money Market Government Portfolio, Class I 4.22%<sup>17,18</sup>  | 800000 | 800 |
| Goldman Sachs Financial Square Government Fund, Institutional Shares 4.20%<sup>17,18</sup>  | 800000 | 800 |
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, <br>Institutional Class 4.24%<sup>17,18</sup>  | 800000 | 800 |
| RBC Funds Trust – U.S. Government Money Market Fund, <br>RBC Institutional Class 1 4.25%<sup>17,18</sup>  | 800000 | 800 |
| State Street Institutional U.S. Government Money Market Fund, Premier <br> Class 4.29%<sup>17,18</sup>  | 800000 | 800 |
|  |  | 29374 |
| **Total short-term securities** (cost: $6,022,195,000) |  | 6021785 |
| **Total investment securities 98.26%** (cost: $83,160,319,000) |  | 107413519 |
| Other assets less liabilities 1.74% |  | 1904285 |
| **Net assets 100.00%** |  | $109317804 |

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**Futures contracts**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 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 4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 30 Day Federal Funds Futures | Long | 4370 | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD1,742,131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(461)<br>|
| 3 Month SOFR Futures | Long | 5863 | 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1405874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7823 |
| 2 Year U.S. Treasury Note Futures | Long | 20608 | 7/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4289523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40492 |
| 5 Year Euro-Bobl Futures | Short | 25 | 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3388)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32)<br>|
| 5 Year U.S. Treasury Note Futures | Long | 36332 | 7/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3967284 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76359 |
| 10 Year Euro-Bund Futures | Short | 11 | 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1642)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| 10 Year Australian Treasury Bond Futures | Short | 24 | 6/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1768)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36)<br>|
| 10 Year U.S. Treasury Note Futures | Long | 8711 | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19379 |
| 10 Year Ultra U.S. Treasury Note Futures | Short | 1180 | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (135387)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1714)<br>|

---

---

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

---

------

**Futures contracts** (continued)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| 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 4/30/2025<br> &nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| 20 Year U.S. Treasury Note Futures | Long | 640 | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD74,640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(360)<br>|
| 30 Year Ultra U.S. Treasury Bond Futures | Long | 2300 | 6/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (365)<br>|
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $141080 |

---

**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 4/30/2025 <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 4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| USD | 1970 | EUR | 1815 | UBS AG | 5/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(87)<br>|
| USD | 8824 | EUR | 8127 | UBS AG | 5/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (387)<br>|
| USD | 3251 | EUR | 2853 | Bank of America | 5/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| USD | 1720 | EUR | 1516 | Morgan Stanley | 5/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 |
| USD | 859 | AUD | 1350 | Citibank | 5/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5)<br>|
| USD | 6922 | BRL | 39905 | Citibank | 5/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (75)<br>|
| USD | 1112 | EUR | 975 | HSBC Bank | 5/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |
| USD | 26528 | EUR | 23282 | BNP Paribas | 6/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(441)<br>|

---

**Swap contracts**

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Value at <br>4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| SOFR | Annual | 3.41% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 12/20/2029 | USD634,000 | &nbsp;&nbsp;&nbsp;&nbsp; $(1368)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(1368)<br>|
| SOFR | Annual | 3.045% | Annual | &nbsp;&nbsp;&nbsp;&nbsp; 7/27/2050 | 65600 | &nbsp;&nbsp;&nbsp;&nbsp; 8671 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 8671 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $7303 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $7303 |

---

**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>4/30/2025 <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 4/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000)<br>|
| CDX.NA.HY.44 | 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | USD37,500 | &nbsp;&nbsp;&nbsp;&nbsp; $(1418)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1768)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $350 |
| CDX.NA.IG.44 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | 101279 | &nbsp;&nbsp;&nbsp;&nbsp; (1525)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1714)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 189 |
| CDX.EM.43 | 1.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; 6/20/2030 | 25000 | &nbsp;&nbsp;&nbsp;&nbsp; 1105 | &nbsp;&nbsp;&nbsp;&nbsp; 1019 | &nbsp;&nbsp;&nbsp;&nbsp; 86 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(1838)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(2463)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $625 |

---

---

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

---

------

**Investments in affiliates**<sup>5</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>4/30/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 0.27%** |  |  |  |  |  |  |  |
| **Industrials 0.00%** |  |  |  |  |  |  |  |
| Trinity Industries, Inc. <sup>19</sup> | $154045 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $20594 | &nbsp;&nbsp; $7389 | &nbsp;&nbsp; $(45881)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $2483 |
| **Energy 0.27%** |  |  |  |  |  |  |  |
| South Bow Corp. <sup>1</sup> | 209079 | &nbsp;&nbsp; 103330 | &nbsp;&nbsp; 13665 | &nbsp;&nbsp; (1311)<br>| &nbsp;&nbsp; (5512)<br>| &nbsp;&nbsp; 291921 | &nbsp;&nbsp; 9812 |
| **Real estate 0.00%** |  |  |  |  |  |  |  |
| VICI Properties, Inc. REIT <sup>19</sup> | 1699137 | &nbsp;&nbsp; 95208 | &nbsp;&nbsp; 242230 | &nbsp;&nbsp; (6617)<br>| &nbsp;&nbsp; 20007 | &nbsp;&nbsp; — | &nbsp;&nbsp; 46003 |
| Mindspace Business Parks REIT<sup>19</sup>  | 86095 | &nbsp;&nbsp; 43890 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6150 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1838 |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 291921 |  |
| **Investment funds 2.38%** |  |  |  |  |  |  |  |
| Capital Group Central Corporate Bond Fund | 2560520 | &nbsp;&nbsp; 59921 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (12211)<br>| &nbsp;&nbsp; 2608230 | &nbsp;&nbsp; 59921 |
| **Short-term securities 5.50%** |  |  |  |  |  |  |  |
| **Money market investments 5.48%** |  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.28% <sup>17</sup> | 3987598 | &nbsp;&nbsp; 8446970 | &nbsp;&nbsp; 6441951 | &nbsp;&nbsp; (148)<br>| &nbsp;&nbsp; (58)<br>| &nbsp;&nbsp; 5992411 | &nbsp;&nbsp; 92750 |
| **Money market investments purchased with collateral** <br>**from securities on loan 0.02%**<br>|  |  |  |  |  |  |  |
| Capital Group Central Cash Fund 4.28% <sup>17,18</sup> | 783 | &nbsp;&nbsp; 19529 <br><sup>20</sup><br>|  |  |  | &nbsp;&nbsp; 20312 | &nbsp;&nbsp; — <br><sup>21</sup><br>|
| **Total short-term securities** |  |  |  |  |  | &nbsp;&nbsp; 6012723 |  |
| **Total 8.15%** |  |  |  | &nbsp;&nbsp; $(687)<br>| &nbsp;&nbsp; $(37505)<br>| &nbsp;&nbsp; $8912874 | &nbsp;&nbsp; $212807 |

---

**Restricted securities**<sup>14</sup>

------

---

| | | | |
|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>|
| Modec Finance BV 7.84% 7/15/2026<sup>2</sup> <br>| 7/28/2023 | $2000 | $2026<br>0.00 %<sup>22</sup><br>|
| NBM US Holdings, Inc. 6.625% 8/6/2029 | 4/1/2020-4/3/2020 | 1581 | 1677<br>0.00 <br><sup>22</sup><br>|
| Stillwater Mining Co. 4.00% 11/16/2026 | 2/9/2024-6/24/2024 | 850 | 863<br>0.00 <br><sup>22</sup><br>|
| Sasol Financing USA, LLC 8.75% 5/3/2029 | 4/9/2024-4/15/2024 | 764 | 712<br>0.00 <br><sup>22</sup><br>|
| **Total** |  | $5195 | $5278<br>0.00 %<sup>22</sup><br>|

---

---

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

---

------

<sup>1</sup> All or a portion of this security was on loan. The total value of all such securities was $208,324,000, which represented 0.19% of the net assets of the fund. Refer to Note 5 for more information on securities lending. 

<sup>2</sup> Value determined using significant unobservable inputs.

<sup>3</sup> Amount less than one thousand.

<sup>4</sup> Security did not produce income during the last 12 months.

<sup>5</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>6</sup> Security is subject to a contractual sale restriction (lockup). The total value of all such securities was $1,025,000, which represented less than 0.01% of the net assets of the fund. The remaining lockup period is generally less than one year; and early lockup release provisions may be applicable based on certain set milestones or condition in accordance with legal documents. 

<sup>7</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 $2,367,904,000, which represented 2.17% of the net assets of the fund. 

<sup>8</sup> Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.

<sup>9</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>10</sup> Represents securities transacted on a TBA basis.

<sup>11</sup> Step bond; coupon rate may change at a later date.

<sup>12</sup> All or a portion of this security was pledged as collateral. The total value of pledged collateral was $135,092,000, which represented 0.12% of the net assets of the fund. 

<sup>13</sup> Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $61,097,000, which represented 0.06% of the net assets of the fund. 

<sup>14</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933. The total value of all such restricted securities was $5,278,000, which represented less than .01% of the net assets of the fund. 

<sup>15</sup> Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

<sup>16</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>17</sup> Rate represents the seven-day yield at 4/30/2025.

<sup>18</sup> Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.

<sup>19</sup> Affiliated issuer during the reporting period but no longer an affiliate at 4/30/2025. Refer to the investment portfolio for the security value at 4/30/2025.

<sup>20</sup> Represents net activity. Refer to Note 5 for more information on securities lending.

<sup>21</sup> Dividend income is included with securities lending income in the fund's statement of operations and is not shown in this table.

<sup>22</sup> Amount less than 0.01%.

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| Assn. = Association |
| AUD = Australian dollars |
| Auth. = Authority |
| BRL = Brazilian reais |
| CAD = Canadian dollars |
| CDI = CREST Depository Interest  |
| CLO = Collateralized Loan Obligations |
| CME = CME Group |
| DAC = Designated Activity Company |
| EUR = Euros |
| EURIBOR = Euro Interbank Offered Rate |
| Fncg. = Financing |

---

---

| |
|:---|
| G.O. = General Obligation |
| GBP = British pounds |
| ICE = Intercontinental Exchange, Inc. |
| LIBOR = London Interbank Offered Rate |
| MXN = Mexican pesos |
| PIK = Payment In Kind |
| Ref. = Refunding |
| REIT = Real Estate Investment Trust |
| Rev. = Revenue |
| SOFR = Secured Overnight Financing Rate |
| TBA = To be announced |
| USD = U.S. dollars |
| UST = U.S. Treasury |

---

Refer to the notes to financial statements.

---

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

---

------

Financial statements

**Statement of assets and liabilities** at April 30, 2025unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Assets:** |  |  |
| Investment securities, at value (includes $208,324 of <br>investment securities on loan):<br>|  |  |
| Unaffiliated issuers (cost: $73,795,773) | $98500645 |  |
| Affiliated issuers (cost: $9,364,546) | 8912874 | $107413519 |
| Cash |  | 21414 |
| Cash denominated in currencies other than U.S. dollars (cost: $7,982) |  | 7982 |
| Unrealized appreciation on open forward currency contracts |  | 113 |
| Receivables for: |  |  |
| Sales of investments | 3319524 |  |
| Sales of fund's shares | 44576 |  |
| Dividends and interest | 497545 |  |
| Securities lending income | 977 |  |
| Variation margin on futures contracts | 7318 |  |
| Variation margin on centrally cleared swap contracts | 358 |  |
| Other | 10160 | 3880458<br>|
|  |  | 111323486 |
| **Liabilities:** |  |  |
| Collateral for securities on loan |  | 29374 |
| Unrealized depreciation on open forward currency contracts |  | 554 |
| Payables for: |  |  |
| Purchases of investments | 1818978 |  |
| Repurchases of fund's shares | 48471 |  |
| Investment advisory services | 22816 |  |
| Services provided by related parties | 18226 |  |
| Trustees' deferred compensation | 3438 |  |
| Variation margin on futures contracts | 1950 |  |
| Variation margin on centrally cleared swap contracts | 867 |  |
| Other | 61008 | 1975754<br>|
| **Net assets at April 30, 2025** |  | $109317804 |
| **Net assets consist of:** |  |  |
| Capital paid in on shares of beneficial interest |  | $81662643 |
| Total distributable earnings (accumulated loss) |  | 27655161<br>|
| **Net assets at April 30, 2025** |  | $109317804 |

---

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statement of assets and liabilities** at April 30, 2025 (continued)unaudited

------

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

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

**unlimited shares authorized (1,513,219 total shares outstanding)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Net assets | Shares <br>outstanding<br>| Net asset value <br>per share<br>|
| Class A | $62727837 | 868142 | $72.26 |
| Class C | 857211 | 11824 | 72.50 |
| Class T | 12 | —<br> \*<br>| 72.22 |
| Class F-1 | 2035321 | 28168 | 72.26 |
| Class F-2 | 14360795 | 198965 | 72.18 |
| Class F-3 | 6327271 | 87603 | 72.23 |
| Class 529-A | 2265446 | 31366 | 72.23 |
| Class 529-C | 51040 | 704 | 72.48 |
| Class 529-E | 57045 | 789 | 72.27 |
| Class 529-T | 17 | —<br> \*<br>| 72.24 |
| Class 529-F-1 | 15 | —<br> \*<br>| 72.20 |
| Class 529-F-2 | 215840 | 2987 | 72.27 |
| Class 529-F-3 | 15 | —<br> \*<br>| 72.24 |
| Class R-1 | 55288 | 764 | 72.35 |
| Class R-2 | 335656 | 4643 | 72.29 |
| Class R-2E | 38397 | 534 | 71.88 |
| Class R-3 | 621576 | 8600 | 72.27 |
| Class R-4 | 428955 | 5939 | 72.23 |
| Class R-5E | 106624 | 1479 | 72.12 |
| Class R-5 | 282410 | 3907 | 72.28 |
| Class R-6 | 18551033 | 256805 | 72.24 |

---

\*

Amount less than one thousand.

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statement of operations** for the six months ended April 30, 2025unaudited

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
| **Investment income:** |  |  |
| Income: |  |  |
| Dividends (net of non-U.S. taxes of $68,533; <br>also includes $212,807 from affiliates)<br>| $1627931 |  |
| Interest from unaffiliated issuers | 376810 |  |
| Securities lending income (net of fees) | 3020 | $2007761 |
| Fees and expenses\*: |  |  |
| Investment advisory services | 120827 |  |
| Distribution services | 91489 |  |
| Transfer agent services | 33628 |  |
| Administrative services | 16058 |  |
| 529 plan services | 687 |  |
| Reports to shareholders | 1090 |  |
| Registration statement and prospectus | 630 |  |
| Trustees' compensation | 241 |  |
| Auditing and legal | 80 |  |
| Custodian | 2341 |  |
| Other | 91 | 267162<br>|
| Net investment income |  | 1740599<br>|
| **Net realized gain (loss) and unrealized appreciation (depreciation):** |  |  |
| Net realized gain (loss) on: |  |  |
| Investments: |  |  |
| Unaffiliated issuers | 3284635 |  |
| Affiliated issuers | (687)<br>|  |
| Futures contracts | (202678)<br>|  |
| Forward currency contracts | (1176)<br>|  |
| Swap contracts | 2851 |  |
| Currency transactions | (4008)<br>| 3078937 |
| Net unrealized appreciation (depreciation) on: |  |  |
| Investments (net of non-U.S. taxes of $47,620): |  |  |
| Unaffiliated issuers | (504418)<br>|  |
| Affiliated issuers | (37505)<br>|  |
| Futures contracts | 292734 |  |
| Forward currency contracts | (967)<br>|  |
| Swap contracts | (10620)<br>|  |
| Currency translations | 9131 | (251645) <br>|
| Net realized gain (loss) and unrealized appreciation (depreciation) |  | 2827292<br>|
| **Net increase (decrease) in net assets resulting from operations** |  | $4567891 |

---

\*

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

Refer to the notes to financial statements.

---

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

---

------

Financial statements (continued)

**Statements of changes in net assets**

------

(dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Six months ended** <br>**April 30,**<br>| **Year ended** <br>**October 31,**<br>|
|  | **2025\*** | **2024** |
| **Operations:** |  |  |
| Net investment income | $1740599 | $3574956 |
| Net realized gain (loss) | 3078937 | 2831683 |
| Net unrealized appreciation (depreciation) | (251645)<br>| 15863342 |
| Net increase (decrease) in net assets resulting from operations | 4567891 | 22269981 |
| **Distributions paid to shareholders** | (4641797)<br>| (3674418)<br>|
| **Net capital share transactions** | 1215235 | (4838212)<br>|
| **Total increase (decrease) in net assets**  | 1141329 | 13757351 |
| **Net assets:** |  |  |
| Beginning of period | 108176475 | 94419124 |
| End of period | $109317804 | $108176475 |

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\*

Unaudited.

Refer to the notes to financial statements.

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

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Notes to financial statementsunaudited

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

**1. Organization**

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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**

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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** — In the reporting period, the fund early adopted FASB Accounting Standards Update 2023-07, Improvements to Reportable Segment Disclosures. Adoption of the new standard impacted financial statement disclosures only and did not affect the fund's financial position or the results of its operations. 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 Trustee 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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| | |
|:---|:---|
| **47** | 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.

**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.

---

| | |
|:---|:---|
| **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>|

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

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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 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 April 30, 2025, were as follows (dollars in thousands):

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| | |
|:---|:---|
| **49** | Capital Income Builder |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Investment securities** | **Investment securities** | **Investment securities** | **Investment securities** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Assets: |  |  |  |  |
| Common stocks: |  |  |  |  |
| Financials | $7720596 | $8166878 | —<br> \*<br>| $15887474 |
| Health care | 6756461 | 3263103 | —<br> \*<br>| 10019564 |
| Consumer staples | 5824995 | 4123638 |  | 9948633 |
| Industrials | 4671297 | 4947865 |  | 9619162 |
| Information technology | 6226999 | 2666714 |  | 8893713 |
| Utilities | 3198205 | 3002393 |  | 6200598 |
| Energy | 4153869 | 1050227 |  | 5204096 |
| Consumer discretionary | 2774334 | 2307577 |  | 5081911 |
| Real estate | 3531218 | 543424 |  | 4074642 |
| Communication services | 1448423 | 2135863 |  | 3584286 |
| Materials | 1668361 | 1608603 |  | 3276964 |
| Preferred securities  |  | 10530 |  | 10530 |
| Convertible stocks  | 443594 |  |  | 443594 |
| Convertible bonds & notes  |  | 1097 |  | 1097 |
| Bonds, notes & other debt instruments: |  |  |  |  |
| Mortgage-backed obligations |  | 6710542 | 5473 | 6716015 |
| U.S. Treasury bonds & notes |  | 5919047 |  | 5919047 |
| Corporate bonds, notes & loans |  | 2994337 | 10619 | 3004956 |
| Asset-backed obligations |  | 725102 | 1780 | 726882 |
| Bonds & notes of governments & government agencies <br> outside the U.S.<br>|  | 92478 |  | 92478 |
| Municipals |  | 39415 |  | 39415 |
| Federal agency bonds & notes |  | 38447 |  | 38447 |
| Investment funds  | 2608230 |  |  | 2608230 |
| Short-term securities  | 6021785 |  |  | 6021785 |
| Total | $57048367 | $50347280 | $17872 | $107413519 |

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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 | $144053 | $— | $— | $144053 |
| Unrealized appreciation on open forward currency contracts |  | 113 |  | 113 |
| Unrealized appreciation on centrally cleared interest rate swaps |  | 8671 |  | 8671 |
| Unrealized appreciation on centrally cleared credit default swaps |  | 625 |  | 625 |
| Liabilities: |  |  |  |  |
| Unrealized depreciation on futures contracts | (2973)<br>|  |  | (2973)<br>|
| Unrealized depreciation on open forward currency contracts |  | (554)<br>|  | (554)<br>|
| Unrealized depreciation on centrally cleared interest rate swaps |  | (1368)<br>|  | (1368)<br>|
| Total  | $141080 | $7487 | $— | $148567 |

---

\*

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**

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

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

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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.

**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.

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

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

**5. Certain investment techniques**

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**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 April 30, 2025, the total value of securities on loan was $208,324,000, and the total value of collateral received was $215,458,000. Collateral received includes cash of $29,374,000 and U.S. government securities of $186,084,000. 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 | **52** |

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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 $13,001,348,000.

**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 $42,356,000.

**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.

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|:---|:---|
| **53** | Capital Income Builder |

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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 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 $865,217,000.

**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 $110,159,000.

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 six months ended, April 30, 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\* | $144053 | Unrealized depreciation\* | $2973 |
| Forward currency | Currency | &nbsp;&nbsp; Unrealized appreciation on open forward <br> currency contracts<br>| 113 | &nbsp;&nbsp; Unrealized depreciation on open forward <br> currency contracts<br>| 554 |
| Swap (centrally <br> cleared)<br>| Interest | Unrealized appreciation\* | 8671 | Unrealized depreciation\* | 1368 |
| Swap (centrally <br> cleared)<br>| Credit | Unrealized appreciation\* | 625 | Unrealized depreciation\* |  |
|  |  |  | $153462 |  | $4895 |

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

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

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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 | $(202678)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on futures contracts<br>| $292734 |
| Forward currency | Currency | &nbsp;&nbsp; Net realized gain (loss) on forward <br> currency contracts<br>| (1176)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on forward currency contracts<br>| (967)<br>|
| Swap | Interest | Net realized gain (loss) on swap contracts | 3507 | &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| (11116)<br>|
| Swap | Credit | Net realized gain (loss) on swap contracts | (656)<br>| &nbsp;&nbsp; Net unrealized appreciation (depreciation) <br> on swap contracts<br>| 496 |
|  |  |  | $(201003)<br>|  | $281147 |

---

\*

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.

**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 April 30, 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; $16 | &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; $16 |
| BNP Paribas | &nbsp;&nbsp; 91 | &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; 91 |
| HSBC Bank | &nbsp;&nbsp; 5 | &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; 5 |
| Morgan Stanley | &nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total | &nbsp;&nbsp; $113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $112 |
| Liabilities: |  |  |  |  |  |
| Citibank | &nbsp;&nbsp; $80 | &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; $80 |
| UBS AG | &nbsp;&nbsp; 474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (411)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63 |
| Total | &nbsp;&nbsp; $554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(411)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $143 |

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\*

Collateral is shown on a settlement basis.

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

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

**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 period ended April 30, 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 period, 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.

**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. 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; 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 components of distributable earnings on a tax basis are reported as of the fund's most recent year-end. As of October 31, 2024, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Undistributed ordinary income | $1000943 |
| Undistributed long-term capital gains | 2463211 |

---

As of April 30, 2025, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

---

| | |
|:---|:---|
| Gross unrealized appreciation on investments | $27128819 |
| Gross unrealized depreciation on investments | (3058157)<br>|
| Net unrealized appreciation (depreciation) on investments | 24070662 |
| Cost of investments | 83493887 |

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---

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

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 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; $1233758 | $1430454 | $2664212 | &nbsp;&nbsp;&nbsp;&nbsp; $2045281 | $66909 | $2112190 |
| Class C | &nbsp;&nbsp; 14459 | 21072 | 35531 | &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; 39517 | 46626 | 86143 | &nbsp;&nbsp;&nbsp;&nbsp; 67159 | 2276 | 69435 |
| Class F-2 | &nbsp;&nbsp; 290426 | 316402 | 606828 | &nbsp;&nbsp;&nbsp;&nbsp; 484883 | 15225 | 500108 |
| Class F-3 | &nbsp;&nbsp; 132385 | 141222 | 273607 | &nbsp;&nbsp;&nbsp;&nbsp; 207871 | 6096 | 213967 |
| Class 529-A | &nbsp;&nbsp; 44212 | 51657 | 95869 | &nbsp;&nbsp;&nbsp;&nbsp; 73807 | 2451 | 76258 |
| Class 529-C | &nbsp;&nbsp; 845 | 1245 | 2090 | &nbsp;&nbsp;&nbsp;&nbsp; 1623 | 73 | 1696 |
| Class 529-E | &nbsp;&nbsp; 1062 | 1326 | 2388 | &nbsp;&nbsp;&nbsp;&nbsp; 1845 | 66 | 1911 |
| Class 529-T | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &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; 4250 | 4581 | 8831 | &nbsp;&nbsp;&nbsp;&nbsp; 6603 | 200 | 6803 |
| Class 529-F-3 | &nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> \*<br>| —<br> \*<br>| —<br> \*<br>|
| Class R-1 | &nbsp;&nbsp; 863 | 1243 | 2106 | &nbsp;&nbsp;&nbsp;&nbsp; 1432 | 62 | 1494 |
| Class R-2 | &nbsp;&nbsp; 5397 | 7837 | 13234 | &nbsp;&nbsp;&nbsp;&nbsp; 8857 | 377 | 9234 |
| Class R-2E | &nbsp;&nbsp; 664 | 874 | 1538 | &nbsp;&nbsp;&nbsp;&nbsp; 1055 | 40 | 1095 |
| Class R-3 | &nbsp;&nbsp; 11267 | 14267 | 25534 | &nbsp;&nbsp;&nbsp;&nbsp; 18694 | 679 | 19373 |
| Class R-4 | &nbsp;&nbsp; 8517 | 10023 | 18540 | &nbsp;&nbsp;&nbsp;&nbsp; 14569 | 484 | 15053 |
| Class R-5E | &nbsp;&nbsp; 2185 | 2422 | 4607 | &nbsp;&nbsp;&nbsp;&nbsp; 3353 | 99 | 3452 |
| Class R-5 | &nbsp;&nbsp; 5715 | 6075 | 11790 | &nbsp;&nbsp;&nbsp;&nbsp; 9361 | 281 | 9642 |
| Class R-6 | &nbsp;&nbsp; 382960 | 405989 | 788949 | &nbsp;&nbsp;&nbsp;&nbsp; 586678 | 16796 | 603474 |
| Total | &nbsp;&nbsp; $2178482 | $2463315 | $4641797 | &nbsp;&nbsp;&nbsp;&nbsp; $3561047 | $113371 | $3674418 |

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\*

Amount less than one thousand.

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

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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 six months ended April 30, 2025, the investment advisory services fees were $120,827,000, which were equivalent to an annualized rate of 0.226% of average daily net assets.

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

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**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 April 30, 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.

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 six months ended April 30, 2025, the 529 plan services fees were $687,000, which were equivalent to 0.054% of the average daily net assets of each 529 share class.

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

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For the six months ended April 30, 2025, class-specific expenses under the agreements were as follows (dollars in thousands):

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| | | | | |
|:---|:---|:---|:---|:---|
| **Share class** | **Distribution** <br>**services**<br>| **Transfer agent** <br>**services**<br>| **Administrative** <br>**services**<br>| **529 plan** <br>**services**<br>|
| Class A | $77884 | $21879 | $9287 | Not applicable |
| Class C | 4451 | 321 | 134 | Not applicable |
| Class T |  | —<br> \*<br>| —<br> \*<br>| Not applicable |
| Class F-1 | 2486 | 1414 | 302 | Not applicable |
| Class F-2 | Not applicable | 7642 | 2075 | Not applicable |
| Class F-3 | Not applicable | 25 | 921 | Not applicable |
| Class 529-A | 2555 | 731 | 335 | $602 |
| Class 529-C | 260 | 18 | 8 | 14 |
| Class 529-E | 140 | 10 | 9 | 16 |
| 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 | 42 | 31 | 55 |
| Class 529-F-3 | Not applicable |  | —<br> \*<br>| —<br> \*<br>|
| Class R-1 | 269 | 26 | 8 | Not applicable |
| Class R-2 | 1260 | 588 | 50 | Not applicable |
| Class R-2E | 113 | 39 | 6 | Not applicable |
| Class R-3 | 1535 | 460 | 92 | Not applicable |
| Class R-4 | 536 | 217 | 64 | Not applicable |
| Class R-5E | Not applicable | 81 | 16 | Not applicable |
| Class R-5 | Not applicable | 61 | 40 | Not applicable |
| Class R-6 | Not applicable | 74 | 2680 | Not applicable |
| Total class-specific expenses | $91489 | $33628 | $16058 | $687 |

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\*

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 $241,000 in the fund's statement of operations reflects $285,000 in current fees (either paid in cash or deferred) and a net decrease of $44,000 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 six months ended April 30, 2025, the fund engaged in such purchase and sale transactions with related funds in the amounts of $1,081,602,000 and $1,078,452,000, respectively, which generated $316,624,000 of net realized gains from such sales.

**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 six months ended April 30, 2025.

---

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

---

------

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

**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** |
| **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** | **Six months ended April 30, 2025** |
| Class A | $1148831 | 16146 | &nbsp;&nbsp;&nbsp; $2610594 | 37961 | &nbsp;&nbsp;&nbsp; $(4164436)<br>| (58625)<br>| &nbsp;&nbsp;&nbsp; $(405011)<br>| (4518)<br>|
| Class C | 44138 | 618 | &nbsp;&nbsp;&nbsp; 35254 | 511 | &nbsp;&nbsp;&nbsp; (183839)<br>| (2579)<br>| &nbsp;&nbsp;&nbsp; (104447)<br>| (1450)<br>|
| Class T |  |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — |  |
| Class F-1 | 34364 | 485 | &nbsp;&nbsp;&nbsp; 85147 | 1238 | &nbsp;&nbsp;&nbsp; (150543)<br>| (2115)<br>| &nbsp;&nbsp;&nbsp; (31032)<br>| (392)<br>|
| Class F-2 | 1407502 | 19781 | &nbsp;&nbsp;&nbsp; 584637 | 8506 | &nbsp;&nbsp;&nbsp; (1370546)<br>| (19322)<br>| &nbsp;&nbsp;&nbsp; 621593 | 8965 |
| Class F-3 | 498371 | 6991 | &nbsp;&nbsp;&nbsp; 270306 | 3931 | &nbsp;&nbsp;&nbsp; (589586)<br>| (8311)<br>| &nbsp;&nbsp;&nbsp; 179091 | 2611 |
| Class 529-A | 87409 | 1228 | &nbsp;&nbsp;&nbsp; 95833 | 1394 | &nbsp;&nbsp;&nbsp; (198230)<br>| (2792)<br>| &nbsp;&nbsp;&nbsp; (14988)<br>| (170)<br>|
| Class 529-C | 6001 | 84 | &nbsp;&nbsp;&nbsp; 2089 | 30 | &nbsp;&nbsp;&nbsp; (14680)<br>| (206)<br>| &nbsp;&nbsp;&nbsp; (6590)<br>| (92)<br>|
| Class 529-E | 2136 | 29 | &nbsp;&nbsp;&nbsp; 2388 | 35 | &nbsp;&nbsp;&nbsp; (8059)<br>| (113)<br>| &nbsp;&nbsp;&nbsp; (3535)<br>| (49)<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 | 24770 | 348 | &nbsp;&nbsp;&nbsp; 8831 | 129 | &nbsp;&nbsp;&nbsp; (17812)<br>| (251)<br>| &nbsp;&nbsp;&nbsp; 15789 | 226 |
| 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 | 2894 | 41 | &nbsp;&nbsp;&nbsp; 2106 | 31 | &nbsp;&nbsp;&nbsp; (4536)<br>| (64)<br>| &nbsp;&nbsp;&nbsp; 464 | 8 |
| Class R-2 | 20576 | 289 | &nbsp;&nbsp;&nbsp; 13205 | 192 | &nbsp;&nbsp;&nbsp; (44312)<br>| (622)<br>| &nbsp;&nbsp;&nbsp; (10531)<br>| (141)<br>|
| Class R-2E | 4192 | 60 | &nbsp;&nbsp;&nbsp; 1538 | 22 | &nbsp;&nbsp;&nbsp; (5241)<br>| (75)<br>| &nbsp;&nbsp;&nbsp; 489 | 7 |
| Class R-3 | 40903 | 575 | &nbsp;&nbsp;&nbsp; 25390 | 369 | &nbsp;&nbsp;&nbsp; (73420)<br>| (1033)<br>| &nbsp;&nbsp;&nbsp; (7127)<br>| (89)<br>|
| Class R-4 | 30226 | 424 | &nbsp;&nbsp;&nbsp; 18530 | 270 | &nbsp;&nbsp;&nbsp; (61542)<br>| (865)<br>| &nbsp;&nbsp;&nbsp; (12786)<br>| (171)<br>|
| Class R-5E | 13611 | 192 | &nbsp;&nbsp;&nbsp; 4603 | 67 | &nbsp;&nbsp;&nbsp; (16912)<br>| (239)<br>| &nbsp;&nbsp;&nbsp; 1302 | 20 |
| Class R-5 | 31936 | 448 | &nbsp;&nbsp;&nbsp; 11787 | 171 | &nbsp;&nbsp;&nbsp; (29393)<br>| (413)<br>| &nbsp;&nbsp;&nbsp; 14330 | 206 |
| Class R-6 | 1080946 | 15192 | &nbsp;&nbsp;&nbsp; 788944 | 11469 | &nbsp;&nbsp;&nbsp; (891669)<br>| (12448)<br>| &nbsp;&nbsp;&nbsp; 978221 | 14213 |
| Total net increase <br> (decrease)<br>| $4478806 | 62931 | &nbsp;&nbsp;&nbsp; $4561185 | 66326 | &nbsp;&nbsp;&nbsp; $(7824756)<br>| (110073)<br>| &nbsp;&nbsp;&nbsp; $1215235 | 19184 |

---

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

---

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

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **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 $24,836,533,000 and $30,378,395,000, respectively, during the six months ended April 30, 2025.

---

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

---

------

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:**  |
| 4/30/2025<sup>5,6</sup> <br>| $72.42 | $1.12 | $1.81 | $2.93 | $(1.43)<br>| $(1.66)<br>| $(3.09)<br>| $72.26 | 4.29 %<sup>7</sup><br>| $62728 | .59 %<sup>8</sup><br>| .59 %<sup>8</sup><br>| 3.16 %<sup>8</sup><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 |
| 10/31/2020 | 61.99 | 1.96 | (4.74)<br>| (2.78)<br>| (2.09)<br>| (.60)<br>| (2.69)<br>| 56.52 | (4.55)<br>| 56666 | .61 | .61 | 3.31 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.63 | .85 | 1.83 | 2.68 | (1.15)<br>| (1.66)<br>| (2.81)<br>| 72.50 | 3.91 <br><sup>7</sup><br>| 857 | 1.33 <br><sup>8</sup><br>| 1.33 <br><sup>8</sup><br>| 2.39 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 62.07 | 1.52 | (4.73)<br>| (3.21)<br>| (1.63)<br>| (.60)<br>| (2.23)<br>| 56.63 | (5.26)<br>| 2083 | 1.35 | 1.35 | 2.55 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.39 | 1.21 | 1.80 | 3.01 | (1.52)<br>| (1.66)<br>| (3.18)<br>| 72.22 | 4.43 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .33 <br><sup>89</sup><br>| .33 <br><sup>89</sup><br>| 3.42 <br><sup>89</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>9</sup><br>| — <br><sup>10</sup><br>| .34 <br><sup>9</sup><br>| .34 <br><sup>9</sup><br>| 3.58 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .34 <br><sup>9</sup><br>| .34 <br><sup>9</sup><br>| 3.61 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .33 <br><sup>9</sup><br>| .33 <br><sup>9</sup><br>| 3.26 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .34 <br><sup>9</sup><br>| .34 <br><sup>9</sup><br>| 3.37 <br><sup>9</sup><br>|
| 10/31/2020 | 62.00 | 2.11 | (4.75)<br>| (2.64)<br>| (2.24)<br>| (.60)<br>| (2.84)<br>| 56.52 | (4.31 )<sup>9</sup><br>| — <br><sup>10</sup><br>| .35 <br><sup>9</sup><br>| .35 <br><sup>9</sup><br>| 3.57 <br><sup>9</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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.42 | 1.09 | 1.81 | 2.90 | (1.40)<br>| (1.66)<br>| (3.06)<br>| 72.26 | 4.26 <br><sup>7</sup><br>| 2035 | .65 <br><sup>8</sup><br>| .65 <br><sup>8</sup><br>| 3.09 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.98 | 1.93 | (4.74)<br>| (2.81)<br>| (2.06)<br>| (.60)<br>| (2.66)<br>| 56.51 | (4.61)<br>| 3033 | .65 | .65 | 3.26 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.35 | 1.20 | 1.79 | 2.99 | (1.50)<br>| (1.66)<br>| (3.16)<br>| 72.18 | 4.40 <br><sup>7</sup><br>| 14361 | .37 <br><sup>8</sup><br>| .37 <br><sup>8</sup><br>| 3.39 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.95 | 2.09 | (4.75)<br>| (2.66)<br>| (2.22)<br>| (.60)<br>| (2.82)<br>| 56.47 | (4.35)<br>| 10126 | .38 | .38 | 3.54 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.39 | 1.23 | 1.81 | 3.04 | (1.54)<br>| (1.66)<br>| (3.20)<br>| 72.23 | 4.47 <br><sup>7</sup><br>| 6327 | .27 <br><sup>8</sup><br>| .27 <br><sup>8</sup><br>| 3.49 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.98 | 2.15 | (4.74)<br>| (2.59)<br>| (2.29)<br>| (.60)<br>| (2.89)<br>| 56.50 | (4.24)<br>| 4102 | .28 | .28 | 3.64 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.39 | 1.11 | 1.81 | 2.92 | (1.42)<br>| (1.66)<br>| (3.08)<br>| 72.23 | 4.28 <br><sup>7</sup><br>| 2266 | .61 <br><sup>8</sup><br>| .61 <br><sup>8</sup><br>| 3.14 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.96 | 1.93 | (4.73)<br>| (2.80)<br>| (2.07)<br>| (.60)<br>| (2.67)<br>| 56.49 | (4.59)<br>| 2164 | .65 | .65 | 3.27 |

---

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

---

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

---

------

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:**  |
| 4/30/2025<sup>5,6</sup> <br>| $72.62 | $.83 | $1.82 | $2.65 | $(1.13)<br>| $(1.66)<br>| $(2.79)<br>| $72.48 | 3.89 %<sup>7</sup><br>| $51 | 1.37 %<sup>8</sup><br>| 1.37 %<sup>8</sup><br>| 2.35 %<sup>8</sup><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 |
| 10/31/2020 | 62.02 | 1.50 | (4.73)<br>| (3.23)<br>| (1.58)<br>| (.60)<br>| (2.18)<br>| 56.61 | (5.29)<br>| 127 | 1.38 | 1.38 | 2.52 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.42 | 1.03 | 1.81 | 2.84 | (1.33)<br>| (1.66)<br>| (2.99)<br>| 72.27 | 4.17 <br><sup>7</sup><br>| 57 | .84 <br><sup>8</sup><br>| .84 <br><sup>8</sup><br>| 2.90 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.98 | 1.81 | (4.75)<br>| (2.94)<br>| (1.93)<br>| (.60)<br>| (2.53)<br>| 56.51 | (4.80)<br>| 68 | .86 | .86 | 3.05 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.40 | 1.19 | 1.81 | 3.00 | (1.50)<br>| (1.66)<br>| (3.16)<br>| 72.24 | 4.40 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .37 <br><sup>89</sup><br>| .37 <br><sup>89</sup><br>| 3.38 <br><sup>89</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>9</sup><br>| — <br><sup>10</sup><br>| .39 <br><sup>9</sup><br>| .39 <br><sup>9</sup><br>| 3.54 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .40 <br><sup>9</sup><br>| .40 <br><sup>9</sup><br>| 3.57 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .37 <br><sup>9</sup><br>| .37 <br><sup>9</sup><br>| 3.22 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .40 <br><sup>9</sup><br>| .40 <br><sup>9</sup><br>| 3.31 <br><sup>9</sup><br>|
| 10/31/2020 | 62.00 | 2.08 | (4.75)<br>| (2.67)<br>| (2.21)<br>| (.60)<br>| (2.81)<br>| 56.52 | (4.37 )<sup>9</sup><br>| — <br><sup>10</sup><br>| .41 <br><sup>9</sup><br>| .41 <br><sup>9</sup><br>| 3.51 <br><sup>9</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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.37 | 1.17 | 1.79 | 2.96 | (1.47)<br>| (1.66)<br>| (3.13)<br>| 72.20 | 4.37 <br><sup>79</sup><br>| — <br><sup>10</sup><br>| .46 <br><sup>89</sup><br>| .46 <br><sup>89</sup><br>| 3.30 <br><sup>89</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>9</sup><br>| — <br><sup>10</sup><br>| .47 <br><sup>9</sup><br>| .47 <br><sup>9</sup><br>| 3.46 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .47 <br><sup>9</sup><br>| .47 <br><sup>9</sup><br>| 3.49 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .46 <br><sup>9</sup><br>| .46 <br><sup>9</sup><br>| 3.13 <br><sup>9</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>9</sup><br>| — <br><sup>10</sup><br>| .44 <br><sup>9</sup><br>| .44 <br><sup>9</sup><br>| 3.17 <br><sup>9</sup><br>|
| 10/31/2020 | 61.97 | 2.08 | (4.74)<br>| (2.66)<br>| (2.21)<br>| (.60)<br>| (2.81)<br>| 56.50 | (4.36 )<sup>9</sup><br>| — <br><sup>10</sup><br>| .41 <br><sup>9</sup><br>| .41 <br><sup>9</sup><br>| 3.51 <br><sup>9</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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.43 | 1.21 | 1.80 | 3.01 | (1.51)<br>| (1.66)<br>| (3.17)<br>| 72.27 | 4.42 <br><sup>7</sup><br>| 216 | .36 <br><sup>8</sup><br>| .36 <br><sup>8</sup><br>| 3.41 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020<sup>5,11</sup> <br>| 56.52 |  |  |  |  |  |  | 56.52 |  | 110 |  |  |  |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.40 | 1.22 | 1.81 | 3.03 | (1.53)<br>| (1.66)<br>| (3.19)<br>| 72.24 | 4.43 <br><sup>7</sup><br>| — <br><sup>10</sup><br>| .31 <br><sup>8</sup><br>| .31 <br><sup>8</sup><br>| 3.44 <br><sup>8</sup><br>|
| 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>10</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>10</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>10</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>10</sup><br>| .38 | .33 | 3.38 |
| 10/31/2020<sup>5,11</sup> <br>| 56.52 |  |  |  |  |  |  | 56.52 |  | — <br><sup>10</sup><br>|  |  |  |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.50 | .85 | 1.81 | 2.66 | (1.15)<br>| (1.66)<br>| (2.81)<br>| 72.35 | 3.89 <br><sup>7</sup><br>| 55 | 1.36 <br><sup>8</sup><br>| 1.36 <br><sup>8</sup><br>| 2.39 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 62.00 | 1.50 | (4.72)<br>| (3.22)<br>| (1.62)<br>| (.60)<br>| (2.22)<br>| 56.56 | (5.29)<br>| 62 | 1.38 | 1.38 | 2.53 |

---

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 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:**  |
| 4/30/2025<sup>5,6</sup> <br>| $72.44 | $.84 | $1.81 | $2.65 | $(1.14)<br>| $(1.66)<br>| $(2.80)<br>| $72.29 | 3.90 %<sup>7</sup><br>| $336 | 1.36 %<sup>8</sup><br>| 1.36 %<sup>8</sup><br>| 2.38 %<sup>8</sup><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 |
| 10/31/2020 | 61.98 | 1.50 | (4.73)<br>| (3.23)<br>| (1.62)<br>| (.60)<br>| (2.22)<br>| 56.53 | (5.30)<br>| 379 | 1.38 | 1.38 | 2.53 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.06 | .94 | 1.79 | 2.73 | (1.25)<br>| (1.66)<br>| (2.91)<br>| 71.88 | 4.05 <br><sup>7</sup><br>| 38 | 1.07 <br><sup>8</sup><br>| 1.07 <br><sup>8</sup><br>| 2.68 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.72 | 1.67 | (4.72)<br>| (3.05)<br>| (1.80)<br>| (.60)<br>| (2.40)<br>| 56.27 | (5.03)<br>| 40 | 1.09 | 1.09 | 2.83 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.43 | 1.00 | 1.81 | 2.81 | (1.31)<br>| (1.66)<br>| (2.97)<br>| 72.27 | 4.13 <br><sup>7</sup><br>| 622 | .91 <br><sup>8</sup><br>| .91 <br><sup>8</sup><br>| 2.83 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.98 | 1.77 | (4.74)<br>| (2.97)<br>| (1.89)<br>| (.60)<br>| (2.49)<br>| 56.52 | (4.87)<br>| 673 | .93 | .93 | 2.98 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.40 | 1.10 | 1.81 | 2.91 | (1.42)<br>| (1.66)<br>| (3.08)<br>| 72.23 | 4.28 <br><sup>7</sup><br>| 429 | .61 <br><sup>8</sup><br>| .61 <br><sup>8</sup><br>| 3.12 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.97 | 1.95 | (4.74)<br>| (2.79)<br>| (2.08)<br>| (.60)<br>| (2.68)<br>| 56.50 | (4.58)<br>| 475 | .62 | .62 | 3.29 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.29 | 1.18 | 1.80 | 2.98 | (1.49)<br>| (1.66)<br>| (3.15)<br>| 72.12 | 4.39 <br><sup>7</sup><br>| 107 | .42 <br><sup>8</sup><br>| .42 <br><sup>8</sup><br>| 3.33 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.91 | 2.07 | (4.75)<br>| (2.68)<br>| (2.20)<br>| (.60)<br>| (2.80)<br>| 56.43 | (4.40)<br>| 55 | .42 | .42 | 3.51 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.44 | 1.23 | 1.80 | 3.03 | (1.53)<br>| (1.66)<br>| (3.19)<br>| 72.28 | 4.47 <br><sup>7</sup><br>| 282 | .31 <br><sup>8</sup><br>| .31 <br><sup>8</sup><br>| 3.46 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 62.01 | 2.13 | (4.75)<br>| (2.62)<br>| (2.26)<br>| (.60)<br>| (2.86)<br>| 56.53 | (4.28)<br>| 274 | .32 | .32 | 3.59 |
| **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:**  |
| 4/30/2025<sup>5,6</sup> <br>| 72.40 | 1.23 | 1.81 | 3.04 | (1.54)<br>| (1.66)<br>| (3.20)<br>| 72.24 | 4.47 <br><sup>7</sup><br>| 18551 | .27 <br><sup>8</sup><br>| .27 <br><sup>8</sup><br>| 3.49 <br><sup>8</sup><br>|
| 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 |
| 10/31/2020 | 61.99 | 2.16 | (4.75)<br>| (2.59)<br>| (2.29)<br>| (.60)<br>| (2.89)<br>| 56.51 | (4.24)<br>| 12651 | .27 | .27 | 3.65 |

---

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

---

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

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------

Financial highlights (continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Portfolio turnover rate for all share classes**<sup>12,13</sup>  | **Six months** <br>**ended** <br>**April 30,** <br>**2025**<sup>5,6,7</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>12,13</sup>  | **Six months** <br>**ended** <br>**April 30,** <br>**2025**<sup>5,6,7</sup>  | **2024** | **2023** | **2022** | **2021** | **2020** |
| Excluding mortgage dollar roll transactions | &nbsp;&nbsp; 19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55<br> %<br>|
| Including mortgage dollar roll transactions | &nbsp;&nbsp; 25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 106<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 118<br> %<br>|

---

<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> Based on operations for a period that is less than a full year.

<sup>6</sup> Unaudited.

<sup>7</sup> Not annualized.

<sup>8</sup> Annualized.

<sup>9</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>10</sup> Amount less than $1 million.

<sup>11</sup> Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.

<sup>12</sup> Refer to Note 5 for more information on mortgage dollar rolls.

<sup>13</sup> Rates do not include the fund's portfolio activity with respect to any Central Funds.

Refer to the notes to financial statements.

---

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

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------

Changes in and disagreements with accountants

------

None

Matters submitted for shareholder vote

------

None

Remuneration paid to directors, officers and others

------

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

---

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

---

------

Approval of Investment Advisory and Service Agreement

------

The fund's board has approved the continuation of the fund's Investment Advisory and Service Agreement (the "agreement") with Capital Research and Management Company ("CRMC") for an additional one-year term through January 31, 2026. The board approved the agreement following the recommendation of the fund's Contracts Committee (the "committee"), which is composed of all the fund's independent board members. The board and the committee determined in the exercise of their business judgment that the fund's advisory fee structure was fair and reasonable in relation to the services provided, and that approving the agreement was in the best interests of the fund and its shareholders.

In reaching this decision, the board and the committee took into account their interactions with CRMC and information furnished to them throughout the year and otherwise provided to them, as well as information prepared specifically in connection with their review of the agreement, and they were advised by their independent counsel with respect to the matters considered. They considered the following factors, among others, but did not identify any single issue or particular piece of information that, in isolation, was the controlling factor, and each board and committee member did not necessarily attribute the same weight to each factor.

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

1. Nature, extent and quality of services

The board and the committee considered the depth and quality of CRMC's investment management process, including its global research capabilities; the experience, capability and integrity of its senior management and other personnel; the low turnover rates of its key personnel; the overall financial strength and stability of CRMC and the Capital Group organization; the resources and systems CRMC devotes to investment management (the manner in which the fund's assets are managed, including liquidity management), financial, investment operations, compliance, trading, proxy voting, shareholder communications, and other services; and the ongoing evolution of CRMC's organizational structure designed to maintain and strengthen these qualities. The board and the committee also considered the nature, extent and quality of administrative and shareholder services provided by CRMC to the fund under the agreement and other agreements, as well as the benefits to fund shareholders from investing in a fund that is part of a large family of funds. The board and the committee considered the risks assumed by CRMC in providing services to the fund, including operational, business, financial, reputational, regulatory and litigation risks. The board and the committee concluded that the nature, extent and quality of the services provided by CRMC have benefited and should continue to benefit the fund and its shareholders.

2. Investment results

The board and the committee considered the investment results of the fund in light of its objective. They compared the fund's investment results with those of other funds (including funds that currently form the basis of the Lipper index for the category in which the fund is included), and data such as publicly disclosed benchmarks, including applicable market and fund indexes over various periods (including the fund's lifetime) through June 30, 2024. They generally placed greater emphasis on investment results over longer term periods and relative to benchmarks consistent with the fund's objective. On the basis of this evaluation and the board's and the committee's ongoing review of investment results, and considering the relative market conditions during certain reporting periods, the board and the committee concluded that the fund's investment results have been satisfactory for renewal of the agreement, and that CRMC's record in managing the fund indicated that its continued management should benefit the fund and its shareholders.

3. Advisory fees and total expenses

The board and the committee compared the advisory fees and total expense levels of the fund to those of other relevant funds. They observed that the fund's advisory fees and expenses generally compared favorably to those of other similar funds included in the comparable Lipper category. The board and the committee also considered the breakpoint discounts in the fund's advisory fee structure that reduce the level of fees charged by CRMC to the fund as fund assets increase. In addition, they reviewed information regarding the effective advisory fees charged to non-mutual fund clients by CRMC and its affiliates. They noted that, to the extent there were differences between the advisory fees paid by the fund and the advisory fees paid by those clients, the differences appropriately reflected the investment, operational, regulatory and market differences between advising the fund and the other clients. The board and the committee concluded that the fund's cost structure was fair and reasonable in relation to the services provided, as well as in relation to the risks assumed by the adviser in sponsoring and managing the fund, and that the fund's shareholders receive reasonable value in return for the advisory fees and other amounts paid to CRMC by the fund.

---

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

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------

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

4. Ancillary benefits

The board and the committee considered a variety of other benefits that CRMC and its affiliates receive as a result of CRMC's relationship with the fund and other American Funds, including fees for administrative services provided to certain share classes; fees paid to CRMC's affiliated transfer agent; sales charges and distribution fees received and retained by the fund's principal underwriter, an affiliate of CRMC; and possible ancillary benefits to CRMC and its institutional management affiliates in managing other investment vehicles. The board and the committee reviewed CRMC's portfolio trading practices, noting that CRMC bears the cost of third-party research. The board and committee also noted that CRMC benefited from the use of commissions from portfolio transactions made on behalf of the fund to facilitate payment to certain broker-dealers for research to comply with regulatory requirements applicable to these firms, with all such amounts reimbursed by CRMC. The board and the committee took these ancillary benefits into account in evaluating the reasonableness of the advisory fees and other amounts paid to CRMC by the fund.

5. Adviser financial information

The board and the committee reviewed information regarding CRMC's costs of providing services to the American Funds, including personnel, systems and resources of investment, compliance, trading, accounting and other administrative operations. They considered CRMC's costs and related cost allocation methodology, as well as its track record of investing in technology, infrastructure and staff to maintain and expand services and capabilities, respond to industry and regulatory developments, and attract and retain qualified personnel. They noted information regarding the compensation structure for CRMC's investment professionals. They reviewed information on the profitability of the investment adviser and its affiliates. The board and the committee also compared CRMC's profitability and compensation data to the reported results and data of a number of large, publicly held investment management companies. The board and the committee noted the competitiveness and cyclicality of both the mutual fund industry and the capital markets, and the importance in that environment of CRMC's long-term profitability for maintaining its independence, company culture and management continuity. They further considered the breakpoint discounts in the fund's advisory fee structure and CRMC's sharing of potential economies of scale, or efficiencies, through breakpoints and other fee reductions and costs voluntarily absorbed. The board and the committee concluded that the fund's advisory fee structure reflected a reasonable sharing of benefits between CRMC and the fund's shareholders.

---

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

---

------

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

------

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

------

#### 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.

------

#### ITEM 11 - Statement Regarding Basis for Approval of Investment Advisory Contract
The information is included as part of the material filed under Item 7 of this Form under Approval of Investment Advisory and Service Agreement.

------

#### 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.

------

#### 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.

------

#### 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.

------

#### 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.

------

#### 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), 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 Registrant's semi-annual period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

------

#### 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.

------

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

------

#### ITEM 19 - Exhibits
(a)(1) Not applicable for filing of semi-annual reports to shareholders.

(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: July 07, 2025

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: July 07, 2025

By /s/ Gregory F. Niland

Gregory F. Niland, Treasurer and

Principal Financial Officer

Date: July 07, 2025

------

## 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: July 07, 2025

<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: July 07, 2025

<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 April 30, 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: July 07, 2025

Principal Financial Officer

**Capital Income Builder**

<u>/s/ Gregory F. Niland</u>

Gregory F. Niland, Treasurer and Principal Financial Officer

Date: July 07, 2025

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.

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