American Funds Capital Income Builder (CAIBX) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

Certified Shareholder Report of

Registered Management Investment Companies

Investment Company Act File Number: 811-05085

Capital Income Builder

(Exact Name of Registrant as Specified in Charter)

333 South Hope Street, 55th Floor

Los Angeles, California 90071

(Address of Principal Executive Offices)

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

Date of fiscal year end: October 31

Date of reporting period: April 30, 2024

Gregory F. Niland

Capital Income Builder

5300 Robin Hood Road

Norfolk, Virginia 23513

(Name and Address of Agent for Service)

ITEM 1 – Reports to Stockholders

Capital Income Builder^®   Semi-annual report
for the six months ended
April 30, 2024

Seeking income
growth opportunities
from around the world

The Securities and Exchange Commission has adopted new regulations that will change the content and design of annual and semi-annual shareholder reports beginning in July 2024. Certain types of information, including investment portfolio and financial statements, will not be included in the shareholder reports but will be available online, delivered free of charge upon request, and filed on a semi-annual basis on Form N-CSR.

If you would like to receive shareholder reports and other communications from the fund electronically, you may update your mailing preferences with your financial intermediary or enroll in e-delivery at capitalgroup.com (for accounts held directly with the fund).

Capital Income Builder seeks to provide you with a level of current income that exceeds the average yield on U.S. stocks generally and to provide you with a growing stream of income over the years. The fund’s secondary objective is to provide you with growth of capital.

This fund is one of more than 40 offered by Capital Group, home of American Funds, one of the nation’s largest mutual fund families. For over 90 years, Capital Group has invested with a long-term focus based on thorough research and attention to risk.

Fund results shown in this report, unless otherwise indicated, are for Class F-2 shares. Class A share results are shown at net asset value unless otherwise indicated. If a sales charge (maximum 5.75%) had been deducted from Class A shares, the results would have been lower. Results are for past periods and are not predictive of results for future periods. Current and future results may be lower or higher than those shown. Prices and returns will vary, so investors may lose money. Investing for short periods makes losses more likely. For current information and month-end results, visit capitalgroup.com.

Here are the average annual total returns on a $1,000 investment for periods ended March 31, 2024 (the most recent calendar quarter-end):

	1 year			5 years			10 years
Class F-2 shares		11.00	%		6.46	%		5.59	%
Class A shares (reflecting 5.75% maximum sales charge)		4.41			4.97			4.74

For other share class results, visit capitalgroup.com and americanfundsretirement.com.

The total annual fund operating expense ratios were 0.38% for Class F-2 shares and 0.60% for Class A shares as of the prospectus dated January 1, 2024.

Investment results assume all distributions are reinvested and reflect applicable fees and expenses. When applicable, results reflect fee waivers and/or expense reimbursements, without which they would have been lower. Visit capitalgroup.com for more information.

The fund’s 30-day yield as of April 30, 2024, was 3.59% for Class F-2 shares and 3.19% for Class A shares, calculated in accordance with the U.S. Securities and Exchange Commission (SEC) formula. The Class A share results reflect the 5.75% maximum sales charge.

The return of principal for bond funds and for funds with significant underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Investing outside the United States may be subject to additional risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Refer to the fund prospectus and the Risk Factors section of this report for more information on these and other risks associated with investing in the fund.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Fellow investors

Results for Capital Income Builder for the periods ended April 30, 2024, are shown in the table below, as well as results of the fund’s benchmarks.

For additional information about the fund, its investment results, holdings and portfolio managers, visit capitalgroup.com/individual/investments/fund/CAIFX. You can also access information about Capital Group’s American Funds and read our insights about the markets, retirement, saving for college, investing fundamentals and more at capitalgroup.com.

Contents

1	Results at a glance
2	Investment portfolio
38	Financial statements
42	Notes to financial statements
57	Financial highlights

Results at a glance

For periods ended April 30, 2024, with all distributions reinvested

	Cumulative total returns						Average annual total returns
	6 months			1 year			5 years			10 years			Lifetime (since 7/30/87)
Capital Income Builder (Class F-2 shares)1		12.38	%		5.85	%		5.56	%		5.06	%		8.68	%
Capital Income Builder (Class A shares)		12.26			5.63			5.33			4.84			8.49
70%/30% MSCI ACWI/Bloomberg U.S. Aggregate Index2,3,4		15.19			11.57			6.75			6.26			7.04
MSCI ACWI (All Country World Index)2,3,5		19.77			17.46			9.44			8.19			7.36
Bloomberg U.S. Aggregate Index3,6		4.97			–1.47			–0.16			1.20			5.31

Past results are not predictive of results in future periods.

1	Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Visit capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.
2	From July 30, 1987, through December 31, 1987, the MSCI World Index was used because the MSCI ACWI did not exist. MSCI World Index results reflect dividends net of withholding taxes, and MSCI ACWI results reflect dividends gross of withholding taxes through December 31, 2000, and dividends net of withholding taxes thereafter.
3	The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index. There have been periods when the fund has lagged the index. Sources: MSCI, Bloomberg Index Services Ltd.
4	The 70%/30% MSCI ACWI/Bloomberg U.S. Aggregate Index blends the MSCI ACWI with the Bloomberg U.S. Aggregate Index by weighting their total returns at 70% and 30%, respectively. Results assume the blend is rebalanced monthly.
5	The MSCI ACWI is a free-float-adjusted, market-capitalization-weighted index that measures equity results in global developed and emerging markets. It consists of more than 40 developed and emerging market country indexes.
6	The Bloomberg U.S. Aggregate Index represents the U.S. investment-grade, fixed-rate bond market.

Capital Income Builder 1

Investment portfolio April 30, 2024	unaudited
Sector diversification	Percent of net assets

Country diversification by domicile	Percent of net assets
United States		63.86	%
Eurozone*		9.08
United Kingdom		6.50
Canada		4.07
Switzerland		2.55
Japan		2.41
Taiwan		1.30
Singapore		1.27
Hong Kong		1.00
Other countries		5.10
Short-term securities & other assets less liabilities		2.86

* Countries using the euro as a common currency; those represented in the fund’s portfolio are Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

Common stocks 78.07%	Shares		Value (000)
Financials 12.84%
JPMorgan Chase & Co.		6,847,397	$	1,312,920
Zurich Insurance Group AG		2,020,164		972,279
CME Group, Inc., Class A		3,761,829		788,630
Morgan Stanley		8,348,819		758,407
BlackRock, Inc.		846,145		638,535
DBS Group Holdings, Ltd.		21,668,696		554,135
Münchener Rückversicherungs-Gesellschaft AG		1,190,449		523,164
ING Groep NV		29,420,473		463,325
PNC Financial Services Group, Inc.		2,884,817		442,127
Power Corporation of Canada, subordinate voting shares		13,020,329		346,919
AIA Group, Ltd.		41,597,755		305,036
Intact Financial Corp.		1,807,221		297,040
American International Group, Inc.		3,905,131		294,095
Kaspi.kz JSC (GDR)1		2,447,140		288,175
Wells Fargo & Co.		4,657,422		276,278
B3 SA - Brasil, Bolsa, Balcao		123,949,683		257,562
Citizens Financial Group, Inc.		6,714,488		229,031
Hana Financial Group, Inc.		4,914,453		206,854
KBC Groep NV		2,645,865		196,498
Swedbank AB, Class A		9,268,200		177,776
Great-West Lifeco, Inc.		6,004,184		177,554
East West Bancorp, Inc.		2,348,111		174,911
Toronto-Dominion Bank (The) (CAD denominated)		2,876,611		170,655
Webster Financial Corp.		3,770,371		165,255
Blackstone, Inc.		1,387,835		161,835
Bank Central Asia Tbk PT		263,745,200		158,092
360 ONE WAM, Ltd.		15,880,000		146,867
Principal Financial Group, Inc.		1,826,000		144,510
Truist Financial Corp.		3,436,761		129,050
Bank of Montreal		1,413,778		126,286
Skandinaviska Enskilda Banken AB, Class A		9,243,300		121,138
National Bank of Canada		1,503,294		120,709
BNP Paribas SA		1,607,000		114,924
DNB Bank ASA		6,507,538		113,512
UniCredit SpA		2,965,338		109,092
TPG, Inc., Class A		2,462,595		106,138
State Street Corp.		1,455,059		105,477
EFG International AG		8,802,400		102,173
Western Union Co.		7,516,724		101,025
Bank Mandiri (Persero) Tbk PT		225,351,000		95,113
NatWest Group PLC		23,693,861		89,239
Banco Santander, SA		18,170,300		88,202
Patria Investments, Ltd., Class A		5,920,900		79,340

2 Capital Income Builder

Common stocks (continued)	Shares		Value (000)
Financials (continued)
Euronext NV		854,658	$	76,833
Ping An Insurance (Group) Company of China, Ltd., Class H		16,076,167		73,301
Capital One Financial Corp.		500,000		71,715
Carlyle Group, Inc. (The)		1,595,074		71,459
Hong Kong Exchanges and Clearing, Ltd.		2,105,500		66,886
United Overseas Bank, Ltd.		2,930,000		64,958
Fidelity National Information Services, Inc.		845,644		57,436
China Pacific Insurance (Group) Co., Ltd., Class H		22,054,200		48,210
Vontobel Holding AG		839,172		47,162
Tokio Marine Holdings, Inc.		1,338,900		42,042
Fukuoka Financial Group, Inc.		1,559,000		41,324
Banco Bilbao Vizcaya Argentaria, SA		3,710,755		40,031
Houlihan Lokey, Inc., Class A		281,141		35,843
Grupo Financiero Banorte, SAB de CV, Series O		3,610,655		35,736
Franklin Resources, Inc.		1,003,400		22,918
Deutsche Bank AG		804,010		12,874
Moscow Exchange MICEX-RTS PJSC2		85,235,374		—	3
Sberbank of Russia PJSC2		19,327,472		—	3
				13,038,611
Information technology 10.56%
Broadcom, Inc.		3,390,810		4,408,969
Microsoft Corp.		5,332,283		2,076,018
Taiwan Semiconductor Manufacturing Co., Ltd.		49,901,856		1,202,414
Texas Instruments, Inc.		3,605,085		636,009
Seagate Technology Holdings PLC		4,661,650		400,482
KLA Corp.		574,784		396,193
Samsung Electronics Co., Ltd.		5,382,036		297,886
SAP SE		1,530,253		277,066
Analog Devices, Inc.		1,247,694		250,300
Accenture PLC, Class A		736,535		221,631
TDK Corp.		3,726,026		164,474
Tokyo Electron, Ltd.		688,300		151,141
GlobalWafers Co., Ltd.		7,385,850		117,769
Intel Corp.		2,357,608		71,836
Capgemini SE4		147,900		31,073
BE Semiconductor Industries NV		116,511		15,318
				10,718,579
Health care 9.99%
AbbVie, Inc.		13,384,481		2,176,852
Abbott Laboratories		13,707,205		1,452,552
Amgen, Inc.		4,079,494		1,117,537
AstraZeneca PLC		7,409,377		1,115,584
Gilead Sciences, Inc.		15,199,068		990,979
Sanofi		6,037,731		595,299
Medtronic PLC		6,102,188		489,640
Bristol-Myers Squibb Co.		7,918,445		347,936
UnitedHealth Group, Inc.		634,415		306,867
Merck & Co., Inc.		2,368,677		306,080
CVS Health Corp.		3,781,522		256,047
Roche Holding AG, nonvoting non-registered shares		974,235		233,075
GSK PLC		8,249,210		170,996
Novartis AG		1,637,722		158,189
EssilorLuxottica SA		653,955		139,852
Takeda Pharmaceutical Co., Ltd.		4,777,350		125,876
EBOS Group, Ltd.4		4,847,753		100,545
Pfizer, Inc.		1,465,034		37,534
Johnson & Johnson		142,649		20,626
Endo, Inc.5		2,377		68
Endo, Inc.1,5		892		26
Endo, Inc., 1L 6.875% Escrow2,5		225,000		—	3
				10,142,160

Capital Income Builder 3

Common stocks (continued)	Shares		Value (000)
Consumer staples 9.19%
Philip Morris International, Inc.		24,408,173	$	2,317,312
British American Tobacco PLC		28,792,060		843,860
British American Tobacco PLC (ADR)		5,107,964		150,276
Mondelez International, Inc., Class A		10,801,900		777,089
Nestlé SA		6,792,322		681,333
ITC, Ltd.		82,295,012		429,195
Imperial Brands PLC		18,287,284		416,990
PepsiCo, Inc.		2,348,087		413,052
General Mills, Inc.		5,426,199		382,330
Dollar General Corp.		2,301,266		320,313
Procter & Gamble Co.		1,581,532		258,106
Carlsberg A/S, Class B		1,849,873		249,401
Altria Group, Inc.		5,494,099		240,696
Danone SA		3,393,556		212,214
Seven & i Holdings Co., Ltd.		15,606,400		201,500
Kimberly-Clark Corp.		1,457,945		199,053
Sysco Corp.		2,334,300		173,485
Diageo PLC		4,842,954		167,002
Asahi Group Holdings, Ltd.		4,244,200		145,036
Kao Corp.		2,875,900		118,718
WH Group, Ltd.		162,569,000		118,013
Molson Coors Beverage Co., Class B, restricted voting shares		1,694,153		97,007
Kraft Heinz Co. (The)		2,257,314		87,155
Pernod Ricard SA		498,119		75,219
Wilmar International, Ltd.		30,714,000		72,275
Anheuser-Busch InBev SA/NV		1,157,903		69,334
Kenvue, Inc.		2,379,905		44,790
Vector Group, Ltd.		3,777,192		39,094
Scandinavian Tobacco Group A/S		2,058,240		33,218
				9,333,066
Industrials 9.12%
RTX Corp.		18,699,296		1,898,352
Siemens AG		3,507,586		657,972
BAE Systems PLC		34,307,249		570,591
Union Pacific Corp.		2,213,194		524,881
Mitsubishi Corp.		18,849,652		430,569
Volvo AB, Class B		15,251,590		390,141
RELX PLC		8,957,790		368,178
FedEx Corp.		1,395,975		365,438
DHL Group		8,590,946		359,818
Paychex, Inc.		3,008,360		357,423
Honeywell International, Inc.		1,573,946		303,347
Carrier Global Corp.		4,890,638		300,725
Marubeni Corp.		15,791,600		282,650
SGS SA4		3,056,944		269,321
Singapore Technologies Engineering, Ltd.		79,870,356		234,455
Broadridge Financial Solutions, Inc.		1,182,315		228,672
Canadian National Railway Co. (CAD denominated)		1,850,190		224,566
Automatic Data Processing, Inc.		865,609		209,382
Trinity Industries, Inc.6		6,252,016		162,677
Waste Management, Inc.		635,637		132,225
Trelleborg AB, Class B		3,239,000		114,754
Bureau Veritas SA		3,936,765		114,253
Schneider Electric SE		484,221		110,278
Illinois Tool Works, Inc.		439,000		107,164
Compañia de Distribución Integral Logista Holdings, SA, non-registered shares		3,664,824		99,812
Northrop Grumman Corp.		202,200		98,073
Lockheed Martin Corp.		189,991		88,333
ITOCHU Corp.		1,741,500		77,873
General Dynamics Corp.		224,400		64,423
Airbus SE, non-registered shares		319,385		52,487
Sulzer AG		408,450		49,557
Epiroc AB, Class B		1,068,723		17,821
				9,266,211

4 Capital Income Builder

Common stocks (continued)	Shares		Value (000)
Energy 6.48%
Canadian Natural Resources, Ltd. (CAD denominated)		15,722,501	$	1,191,422
Exxon Mobil Corp.		7,527,696		890,301
TC Energy Corp. (CAD denominated)		22,763,164		815,515
Shell PLC (GBP denominated)		21,394,813		762,439
Shell PLC (ADR)		738,100		52,892
EOG Resources, Inc.		5,474,545		723,352
BP PLC		83,830,046		542,278
TotalEnergies SE		5,844,941		424,534
ConocoPhillips		2,503,595		314,502
Chevron Corp.		1,561,986		251,901
Equitrans Midstream Corp.		17,565,396		237,660
Cenovus Energy, Inc.		5,038,647		103,595
Cenovus Energy, Inc. (CAD denominated)		2,646,502		54,366
Neste OYJ		3,514,757		80,029
DT Midstream, Inc.		1,195,562		74,364
Schlumberger NV		1,315,399		62,455
Constellation Oil Services Holding SA, Class B-12,5		282,550		42
Gazprom PJSC2,5		84,735,990		—	3
				6,581,647
Utilities 6.22%
Engie SA		45,362,747		787,762
SSE PLC		25,679,958		534,856
Dominion Energy, Inc.		10,300,919		525,141
E.ON SE		38,477,500		508,165
Iberdrola, SA, non-registered shares		38,248,951		469,917
Edison International		6,426,780		456,687
DTE Energy Co.		4,136,160		456,301
Duke Energy Corp.		4,083,274		401,223
Pinnacle West Capital Corp.		4,726,754		348,125
Sempra		4,454,162		319,052
Southern Co. (The)		4,194,381		308,287
CenterPoint Energy, Inc.		9,984,878		290,959
AES Corp.		15,223,252		272,496
Entergy Corp.		2,067,920		220,585
National Grid PLC		12,461,370		163,589
SembCorp Industries, Ltd.		20,005,900		78,662
ENN Energy Holdings, Ltd.		8,020,300		69,009
Power Assets Holdings, Ltd.		9,434,000		54,091
Power Grid Corporation of India, Ltd.		13,168,417		47,659
				6,312,566
Consumer discretionary 4.33%
McDonald’s Corp.		2,652,727		724,301
Home Depot, Inc.		1,914,230		639,774
LVMH Moët Hennessy-Louis Vuitton SE		623,066		501,553
YUM! Brands, Inc.		2,341,511		330,738
Midea Group Co., Ltd., Class A		33,968,206		326,984
Industria de Diseño Textil, SA		5,440,660		247,107
Restaurant Brands International, Inc.		3,193,243		242,208
Tractor Supply Co.		820,805		224,145
Darden Restaurants, Inc.		1,369,610		210,112
Stellantis NV		7,080,000		157,319
Vail Resorts, Inc.		829,610		157,103
NEXT PLC		1,224,689		137,312
Galaxy Entertainment Group, Ltd.		21,218,000		95,355
Kering SA4		275,046		94,919
Bridgestone Corp.		1,652,800		72,950
Hasbro, Inc.		920,000		56,396
Compagnie Financière Richemont SA, Class A		389,551		53,907
Amadeus IT Group SA, Class A, non-registered shares		542,199		34,402
International Game Technology PLC		1,690,279		33,366
OPAP SA		1,967,863		32,649
Inchcape PLC		2,546,035		25,394
Jumbo SA		127,672		3,958
				4,401,952

Capital Income Builder 5

Common stocks (continued)	Shares		Value (000)
Real estate 4.01%
VICI Properties, Inc. REIT		48,734,583	$	1,391,372
Extra Space Storage, Inc. REIT		2,380,479		319,651
Rexford Industrial Realty, Inc. REIT		6,477,656		277,308
Public Storage REIT		1,018,002		264,121
Equinix, Inc. REIT		364,062		258,888
American Tower Corp. REIT		1,258,801		215,960
Welltower, Inc. REIT		2,153,334		205,170
Crown Castle, Inc. REIT		1,827,658		171,398
Link REIT		36,397,496		156,875
Prologis, Inc. REIT		1,065,512		108,735
CTP NV4		6,244,020		106,031
CK Asset Holdings, Ltd.		24,301,734		103,728
Charter Hall Group REIT		11,563,387		88,951
Mindspace Business Parks REIT		19,429,410		82,662
Digital Realty Trust, Inc. REIT		486,300		67,489
POWERGRID Infrastructure Investment Trust REIT6		46,435,100		54,434
UDR, Inc. REIT		1,343,003		51,142
Embassy Office Parks REIT		10,653,487		45,924
Longfor Group Holdings, Ltd.4		27,189,658		40,815
Kimco Realty Corp. REIT		1,693,500		31,550
CubeSmart REIT		727,081		29,403
				4,071,607
Communication services 3.05%
Comcast Corp., Class A		13,421,211		511,482
Verizon Communications, Inc.		9,566,340		377,775
Koninklijke KPN NV		85,753,263		311,815
Singapore Telecommunications, Ltd.		152,194,200		263,832
SoftBank Corp.		21,279,942		257,788
América Móvil, SAB de CV, Class B (ADR)		12,941,765		246,670
Publicis Groupe SA4		2,172,983		240,163
Nippon Telegraph and Telephone Corp.		190,952,900		206,360
TELUS Corp.		9,154,816		147,033
Deutsche Telekom AG		5,778,353		132,249
WPP PLC		10,114,646		101,685
Warner Music Group Corp., Class A		2,928,864		96,653
Omnicom Group, Inc.		931,500		86,480
HKT Trust and HKT, Ltd., units		73,257,460		80,899
Telkom Indonesia (Persero) Tbk PT, Class B		175,000,000		34,014
				3,094,898
Materials 2.28%
Air Products and Chemicals, Inc.		2,052,981		485,202
Linde PLC		777,829		342,992
Rio Tinto PLC		3,464,490		236,099
Vale SA (ADR), ordinary nominative shares		15,697,617		191,040
Vale SA, ordinary nominative shares		3,602,527		43,909
Smurfit Kappa Group PLC4		4,002,176		173,418
BHP Group, Ltd. (CDI)		5,436,000		150,593
Evonik Industries AG		4,818,598		100,497
Eastman Chemical Co.		994,793		93,948
Shin-Etsu Chemical Co., Ltd.		2,015,800		78,599
BASF SE		1,391,100		72,973
Celanese Corp.		462,236		71,004
WestRock Co.		1,418,095		68,012
UPM-Kymmene OYJ		1,621,528		56,721
Asahi Kasei Corp.		7,434,500		51,847
Gerdau SA (ADR)		13,340,880		46,426
Fortescue, Ltd.		1,949,711		32,515
Antofagasta PLC		569,171		15,649
				2,311,444
Total common stocks (cost: $60,195,140,000)				79,272,741

6 Capital Income Builder

Preferred securities 0.01%	Shares			Value (000)
Financials 0.01%
CoBank, ACB, Class E, 6.739% noncumulative preferred shares1		13,000		$	10,400
Total preferred securities (cost: $13,000,000)					10,400
Convertible stocks 0.13%
Utilities 0.13%
NextEra Energy, Inc., noncumulative convertible preferred units, 6.926% 9/1/2025		3,113,415			126,872
Total convertible stocks (cost: $136,049,000)					126,872
Bonds, notes & other debt instruments 16.54%	Principal amount (000)
Mortgage-backed obligations 8.01%
Federal agency mortgage-backed obligations 7.33%
Fannie Mae Pool #AA8755 4.50% 7/1/20247	USD	33			33
Fannie Mae Pool #AA8211 4.50% 8/1/20247		5			5
Fannie Mae Pool #255361 5.50% 8/1/20247		—	3		—	3
Fannie Mae Pool #394854 6.50% 5/1/20277		3			3
Fannie Mae Pool #256821 6.50% 7/1/20277		11			11
Fannie Mae Pool #257145 6.50% 3/1/20287		1			1
Fannie Mae Pool #AX9959 3.50% 12/1/20297		144			136
Fannie Mae Pool #BA2999 3.50% 11/1/20307		197			187
Fannie Mae Pool #659096 6.50% 8/1/20327		2			2
Fannie Mae Pool #683351 5.50% 2/1/20337		62			61
Fannie Mae Pool #CA1299 3.50% 3/1/20337		75			71
Fannie Mae Pool #MA3438 3.50% 8/1/20337		202			190
Fannie Mae Pool #MA3658 3.50% 5/1/20347		297			278
Fannie Mae Pool #CA4490 3.50% 8/1/20347		417			390
Fannie Mae Pool #887695 6.00% 6/1/20367		1,013			1,027
Fannie Mae Pool #894308 6.00% 10/1/20367		156			156
Fannie Mae Pool #902164 6.00% 11/1/20367		841			853
Fannie Mae Pool #902503 6.00% 11/1/20367		587			595
Fannie Mae Pool #903076 6.00% 12/1/20367		1,160			1,175
Fannie Mae Pool #AD0249 5.50% 4/1/20377		84			84
Fannie Mae Pool #AS9772 3.50% 6/1/20377		30			27
Fannie Mae Pool #966172 7.00% 7/1/20377		123			122
Fannie Mae Pool #256845 6.50% 8/1/20377		53			54
Fannie Mae Pool #256960 6.50% 11/1/20377		270			277
Fannie Mae Pool #257137 7.00% 3/1/20387		19			19
Fannie Mae Pool #963269 5.50% 5/1/20387		837			834
Fannie Mae Pool #963341 5.50% 5/1/20387		254			253
Fannie Mae Pool #963454 5.50% 6/1/20387		846			842
Fannie Mae Pool #963796 5.50% 6/1/20387		245			242
Fannie Mae Pool #929964 6.00% 9/1/20387		392			397
Fannie Mae Pool #FS2490 5.50% 10/1/20387		38			38
Fannie Mae Pool #FM3708 5.50% 10/1/20387		25			25
Fannie Mae Pool #FS2101 5.50% 10/1/20387		8			8
Fannie Mae Pool #970772 5.50% 11/1/20387		45			45
Fannie Mae Pool #AE0392 5.50% 12/1/20397		55			55
Fannie Mae Pool #AL4324 6.50% 5/1/20407		6			6
Fannie Mae Pool #AL0152 6.00% 6/1/20407		2,954			2,989
Fannie Mae Pool #AE8073 4.00% 12/1/20407		173			159
Fannie Mae Pool #MA4364 2.00% 6/1/20417		80,691			66,052
Fannie Mae Pool #AL1571 5.00% 6/1/20417		2,280			2,211
Fannie Mae Pool #AL0913 6.00% 7/1/20417		2,097			2,123
Fannie Mae Pool #AJ0257 4.00% 9/1/20417		58			53
Fannie Mae Pool #AJ4154 4.00% 11/1/20417		183			169
Fannie Mae Pool #AB4050 4.00% 12/1/20417		348			321
Fannie Mae Pool #AJ4189 4.00% 12/1/20417		203			187
Fannie Mae Pool #AJ9165 4.00% 1/1/20427		4,838			4,445
Fannie Mae Pool #890407 4.00% 2/1/20427		484			446
Fannie Mae Pool #AL2745 4.00% 3/1/20427		1,391			1,284
Fannie Mae Pool #AO6721 4.00% 6/1/20427		9,052			8,317
Fannie Mae Pool #AO1820 4.00% 6/1/20427		832			765
Fannie Mae Pool #890445 4.00% 7/1/20427		1,063			977
Fannie Mae Pool #AS0831 4.50% 10/1/20437		321			303
Fannie Mae Pool #AW4156 4.00% 5/1/20447		1,925			1,765
Fannie Mae Pool #AW4026 4.00% 6/1/20447		1,956			1,796

Capital Income Builder 7

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #AX2782 4.00% 9/1/20447	USD	2,454	$	2,246
Fannie Mae Pool #AY1313 4.00% 3/1/20457		4,660		4,270
Fannie Mae Pool #AS6840 4.00% 3/1/20467		4,990		4,572
Fannie Mae Pool #AL8522 3.50% 5/1/20467		810		721
Fannie Mae Pool #BC8719 4.00% 6/1/20467		2,031		1,862
Fannie Mae Pool #BC8720 4.00% 6/1/20467		1,703		1,561
Fannie Mae Pool #AS7598 4.00% 7/1/20467		4,770		4,369
Fannie Mae Pool #BD1967 4.00% 7/1/20467		1,685		1,543
Fannie Mae Pool #BD5477 4.00% 7/1/20467		36		33
Fannie Mae Pool #MA2691 4.50% 7/1/20467		905		856
Fannie Mae Pool #AS7759 4.00% 8/1/20467		11,138		10,206
Fannie Mae Pool #AS7760 4.00% 8/1/20467		4,784		4,383
Fannie Mae Pool #AS7939 4.00% 9/1/20467		7,372		6,754
Fannie Mae Pool #AL9190 4.00% 9/1/20467		1,275		1,168
Fannie Mae Pool #BC4712 4.00% 10/1/20467		4,195		3,842
Fannie Mae Pool #BC4801 4.00% 11/1/20467		2,857		2,617
Fannie Mae Pool #BM3288 3.50% 12/1/20467		21		19
Fannie Mae Pool #MA2907 4.00% 2/1/20477		24		22
Fannie Mae Pool #AS9313 4.00% 3/1/20477		3,986		3,650
Fannie Mae Pool #BE3229 4.00% 3/1/20477		1,590		1,448
Fannie Mae Pool #BD7165 4.00% 4/1/20477		23		21
Fannie Mae Pool #AS9454 4.00% 4/1/20477		15		14
Fannie Mae Pool #BM4187 4.50% 5/1/20477		13,980		13,247
Fannie Mae Pool #BH2491 4.00% 6/1/20477		2,034		1,861
Fannie Mae Pool #MA3058 4.00% 7/1/20477		2,616		2,387
Fannie Mae Pool #CA0243 4.50% 8/1/20477		13,046		12,291
Fannie Mae Pool #BJ1668 4.00% 12/1/20477		2,238		2,051
Fannie Mae Pool #MA3211 4.00% 12/1/20477		482		442
Fannie Mae Pool #BJ2751 4.50% 5/1/20487		6,484		6,087
Fannie Mae Pool #CA2033 4.00% 7/1/20487		9,538		8,687
Fannie Mae Pool #CA2157 4.00% 8/1/20487		18,476		16,850
Fannie Mae Pool #BF0320 5.50% 1/1/20497		10,956		10,939
Fannie Mae Pool #BF0572 5.50% 4/1/20497		23,618		23,320
Fannie Mae Pool #FM2675 4.00% 6/1/20497		5,394		4,926
Fannie Mae Pool #FM1262 4.00% 7/1/20497		15,588		14,158
Fannie Mae Pool #BO2264 3.00% 10/1/20497		10,278		8,640
Fannie Mae Pool #CA4819 4.00% 12/1/20497		7,727		7,018
Fannie Mae Pool #BO6274 3.00% 1/1/20507		15,208		12,788
Fannie Mae Pool #FS5313 3.50% 1/1/20507		201,604		176,903
Fannie Mae Pool #FM2872 3.00% 2/1/20507		35,964		30,229
Fannie Mae Pool #CA5216 3.00% 2/1/20507		14,921		12,541
Fannie Mae Pool #CA5226 3.00% 2/1/20507		6,045		5,081
Fannie Mae Pool #FM2676 4.00% 3/1/20507		5,335		4,846
Fannie Mae Pool #FS3189 4.00% 4/1/20507		35,830		32,706
Fannie Mae Pool #CA6309 3.00% 7/1/20507		30,399		25,811
Fannie Mae Pool #CA6349 3.00% 7/1/20507		12,015		10,062
Fannie Mae Pool #CA6740 3.00% 8/1/20507		6,918		5,783
Fannie Mae Pool #CA7048 3.00% 9/1/20507		3,971		3,336
Fannie Mae Pool #CA7052 3.00% 9/1/20507		1,181		990
Fannie Mae Pool #CA7381 3.00% 10/1/20507		10,887		9,111
Fannie Mae Pool #FM4897 3.00% 11/1/20507		5,949		5,056
Fannie Mae Pool #CA8046 3.00% 12/1/20507		23,529		19,984
Fannie Mae Pool #FM5166 3.00% 12/1/20507		7,400		6,193
Fannie Mae Pool #FM5509 3.00% 1/1/20517		11,697		9,771
Fannie Mae Pool #CB0191 3.00% 4/1/20517		15,180		12,665
Fannie Mae Pool #CB0193 3.00% 4/1/20517		1,824		1,523
Fannie Mae Pool #FM7556 3.50% 5/1/20517		26		23
Fannie Mae Pool #FM7909 3.00% 6/1/20517		1,409		1,177
Fannie Mae Pool #FM8477 3.00% 8/1/20517		10,493		8,749
Fannie Mae Pool #MA4465 2.00% 11/1/20517		1,999		1,516
Fannie Mae Pool #FM9632 3.00% 11/1/20517		40,010		33,492
Fannie Mae Pool #FM9631 3.00% 11/1/20517		17,260		14,482
Fannie Mae Pool #CB2414 3.00% 12/1/20517		19,772		16,681
Fannie Mae Pool #FS0972 3.50% 1/1/20527		20,027		17,596
Fannie Mae Pool #FS0647 3.00% 2/1/20527		12,891		10,898
Fannie Mae Pool #FS0752 3.00% 3/1/20527		48,952		40,527
Fannie Mae Pool #BV6656 3.00% 3/1/20527		35		30

8 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #CB3179 3.50% 3/1/20527	USD	26,284	$	22,834
Fannie Mae Pool #FS2009 3.00% 5/1/20527		43		36
Fannie Mae Pool #MA4711 5.50% 7/1/20527		50		48
Fannie Mae Pool #CB4145 5.50% 7/1/20527		47		46
Fannie Mae Pool #BW5402 5.50% 7/1/20527		42		41
Fannie Mae Pool #CB4662 3.50% 8/1/20527		887		766
Fannie Mae Pool #BV8976 5.00% 8/1/20527		4,805		4,565
Fannie Mae Pool #CB4418 5.50% 8/1/20527		104		101
Fannie Mae Pool #BW9206 5.50% 8/1/20527		78		78
Fannie Mae Pool #CB4421 5.50% 8/1/20527		32		31
Fannie Mae Pool #BW9049 4.50% 9/1/20527		136		126
Fannie Mae Pool #BW7372 5.50% 9/1/20527		92		90
Fannie Mae Pool #BX1322 5.50% 9/1/20527		58		56
Fannie Mae Pool #BW1289 5.50% 10/1/20527		10,758		10,480
Fannie Mae Pool #BW1243 5.50% 10/1/20527		9,693		9,443
Fannie Mae Pool #BX1223 5.50% 10/1/20527		1,854		1,807
Fannie Mae Pool #BX1488 5.50% 10/1/20527		489		482
Fannie Mae Pool #CB5020 5.50% 10/1/20527		397		387
Fannie Mae Pool #BW9929 5.50% 10/1/20527		51		50
Fannie Mae Pool #MA4820 6.50% 10/1/20527		34		34
Fannie Mae Pool #BW9488 5.00% 11/1/20527		448		425
Fannie Mae Pool #BX4398 5.50% 11/1/20527		928		916
Fannie Mae Pool #BX1298 5.50% 11/1/20527		99		97
Fannie Mae Pool #BX3689 5.00% 12/1/20527		28		26
Fannie Mae Pool #MA4842 5.50% 12/1/20527		14,884		14,489
Fannie Mae Pool #BX3716 5.50% 12/1/20527		523		509
Fannie Mae Pool #BX3726 5.50% 12/1/20527		395		385
Fannie Mae Pool #BX2464 5.50% 12/1/20527		233		227
Fannie Mae Pool #BX2476 5.50% 12/1/20527		34		33
Fannie Mae Pool #FS5520 4.50% 1/1/20537		20,178		18,610
Fannie Mae Pool #MA4868 5.00% 1/1/20537		63		60
Fannie Mae Pool #BX5626 5.50% 1/1/20537		4,327		4,213
Fannie Mae Pool #BX6633 5.50% 1/1/20537		1,510		1,470
Fannie Mae Pool #BX0856 5.50% 1/1/20537		37		36
Fannie Mae Pool #BX5592 5.50% 1/1/20537		33		32
Fannie Mae Pool #MA4894 6.00% 1/1/20537		46,643		46,302
Fannie Mae Pool #BX4106 5.00% 2/1/20537		475		451
Fannie Mae Pool #FS3864 5.00% 2/1/20537		24		22
Fannie Mae Pool #BX5722 5.00% 2/1/20537		22		21
Fannie Mae Pool #MA4919 5.50% 2/1/20537		24,425		23,787
Fannie Mae Pool #BX4108 5.50% 2/1/20537		247		240
Fannie Mae Pool #BX7384 5.50% 2/1/20537		127		123
Fannie Mae Pool #BX6545 6.00% 2/1/20537		37,093		36,882
Fannie Mae Pool #BX4771 5.00% 3/1/20537		359		340
Fannie Mae Pool #BX6752 5.00% 3/1/20537		251		238
Fannie Mae Pool #CB5986 5.00% 3/1/20537		96		91
Fannie Mae Pool #BX8385 5.00% 3/1/20537		57		54
Fannie Mae Pool #FS4152 5.50% 3/1/20537		5,703		5,552
Fannie Mae Pool #BX7555 5.50% 3/1/20537		3,933		3,825
Fannie Mae Pool #FS4191 5.50% 3/1/20537		3,087		3,004
Fannie Mae Pool #CB6599 5.00% 4/1/20537		504		478
Fannie Mae Pool #BX9041 5.00% 4/1/20537		95		90
Fannie Mae Pool #MA4979 5.50% 4/1/20537		49,511		48,119
Fannie Mae Pool #MA4980 6.00% 4/1/20537		26,935		26,730
Fannie Mae Pool #BX8415 6.00% 4/1/20537		1,126		1,119
Fannie Mae Pool #FS4563 5.00% 5/1/20537		2,867		2,721
Fannie Mae Pool #BY2258 5.00% 5/1/20537		226		214
Fannie Mae Pool #BW5282 5.00% 5/1/20537		187		177
Fannie Mae Pool #MA5010 5.50% 5/1/20537		35,363		34,353
Fannie Mae Pool #MA5011 6.00% 5/1/20537		138,797		137,671
Fannie Mae Pool #BY3392 5.00% 6/1/20537		38,356		36,377
Fannie Mae Pool #MA5038 5.00% 6/1/20537		37,374		35,449
Fannie Mae Pool #BY6853 5.00% 6/1/20537		546		518
Fannie Mae Pool #BY3975 5.00% 6/1/20537		390		370
Fannie Mae Pool #BY2311 5.00% 6/1/20537		115		109
Fannie Mae Pool #MA5039 5.50% 6/1/20537		147,604		143,408
Fannie Mae Pool #FS5192 5.50% 6/1/20537		19,282		18,775

Capital Income Builder 9

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Fannie Mae Pool #BY4218 5.50% 6/1/20537	USD	988		$	961
Fannie Mae Pool #BY5242 5.50% 6/1/20537		42			41
Fannie Mae Pool #MA5040 6.00% 6/1/20537		57,850			57,352
Fannie Mae Pool #CB6485 6.00% 6/1/20537		37,741			37,523
Fannie Mae Pool #CB6486 6.00% 6/1/20537		23,100			22,979
Fannie Mae Pool #CB6465 6.00% 6/1/20537		16,978			16,900
Fannie Mae Pool #FS4933 6.00% 6/1/20537		5,811			5,769
Fannie Mae Pool #CB6491 6.50% 6/1/20537		7,255			7,386
Fannie Mae Pool #CB6490 6.50% 6/1/20537		2,512			2,540
Fannie Mae Pool #CB6468 6.50% 6/1/20537		1,879			1,900
Fannie Mae Pool #MA5071 5.00% 7/1/20537		10,924			10,361
Fannie Mae Pool #BU4112 5.00% 7/1/20537		99			93
Fannie Mae Pool #MA5072 5.50% 7/1/20537		198,553			192,849
Fannie Mae Pool #MA5073 6.00% 7/1/20537		30,784			30,529
Fannie Mae Pool #MA5106 5.00% 8/1/20537		123,714			117,307
Fannie Mae Pool #BX7614 5.00% 8/1/20537		250			237
Fannie Mae Pool #MA5108 6.00% 8/1/20537		143,116			141,937
Fannie Mae Pool #FS5749 6.50% 9/1/20537		233,328			235,676
Fannie Mae Pool #CB7139 6.50% 9/1/20537		86,466			87,430
Fannie Mae Pool #MA5165 5.50% 10/1/20537		572			556
Fannie Mae Pool #MA5166 6.00% 10/1/20537		1,023			1,014
Fannie Mae Pool #MA5167 6.50% 10/1/20537		2,771			2,795
Fannie Mae Pool #MA5191 6.00% 11/1/20537		64,169			63,627
Fannie Mae Pool #FS6873 6.50% 1/1/20547		22,586			22,797
Fannie Mae Pool #CB8151 5.50% 3/1/20547		5,382			5,233
Fannie Mae Pool #CB8148 5.50% 3/1/20547		2,116			2,063
Fannie Mae Pool #CB8163 6.00% 3/1/20547		750			747
Fannie Mae Pool #CB8168 6.00% 3/1/20547		8			8
Fannie Mae Pool #CB8337 5.50% 4/1/20547		2,656			2,582
Fannie Mae Pool #BF0142 5.50% 8/1/20567		34,274			34,336
Fannie Mae Pool #BF0145 3.50% 3/1/20577		28,051			24,155
Fannie Mae Pool #BF0339 5.00% 1/1/20597		32,300			31,072
Fannie Mae Pool #BF0342 5.50% 1/1/20597		23,333			22,913
Fannie Mae Pool #BF0379 3.50% 4/1/20597		68,050			58,429
Fannie Mae Pool #BM6737 4.50% 11/1/20597		53,671			49,938
Fannie Mae Pool #BF0497 3.00% 7/1/20607		24,061			19,314
Fannie Mae Pool #BF0548 3.00% 7/1/20617		18,415			14,781
Fannie Mae Pool #BF0647 3.00% 6/1/20627		19,751			16,121
Fannie Mae, Series 2001-25, Class ZA, 6.50% 6/25/20317		140			139
Fannie Mae, Series 2006-65, Class PF, (30-day Average USD-SOFR + 0.394%) 5.725% 7/25/20367,8		448			443
Fannie Mae, Series 2001-50, Class BA, 7.00% 10/25/20417		19			19
Fannie Mae, Series 2002-W3, Class A5, 7.50% 11/25/20417		34			36
Fannie Mae, Series 2017-M7, Class A2, Multi Family, 2.961% 2/25/20277,8		2,381			2,241
Fannie Mae, Series 2006-51, Class PO, principal only, 0% 3/25/20367		199			185
Fannie Mae, Series 2006-32, Class OA, principal only, 0% 5/25/20367		434			357
Fannie Mae, Series 2006-56, Class OG, principal only, 0% 7/25/20367		58			48
Fannie Mae, Series 2006-96, Class OP, principal only, 0% 10/25/20367		102			83
Freddie Mac Pool #ZA1833 5.50% 5/1/20247		—	3		—	3
Freddie Mac Pool #ZT1318 5.50% 7/1/20247		1			1
Freddie Mac Pool #ZK3460 3.50% 8/1/20267		12			11
Freddie Mac Pool #RD5008 3.50% 9/1/20297		116			111
Freddie Mac Pool #ZS7148 3.50% 4/1/20307		6			6
Freddie Mac Pool #V62089 3.50% 6/1/20337		232			218
Freddie Mac Pool #ZS8716 3.50% 9/1/20337		170			160
Freddie Mac Pool #G18723 3.50% 2/1/20347		2,747			2,595
Freddie Mac Pool #ZT1799 3.50% 3/1/20347		399			375
Freddie Mac Pool #QN3000 1.50% 8/1/20357		184			156
Freddie Mac Pool #ZA2505 3.50% 5/1/20387		262			239
Freddie Mac Pool #A76884 5.00% 5/1/20387		151			147
Freddie Mac Pool #G04697 5.50% 9/1/20387		723			721
Freddie Mac Pool #SC0297 5.50% 10/1/20387		18			18
Freddie Mac Pool #A87873 5.00% 8/1/20397		2,861			2,768
Freddie Mac Pool #G06789 6.00% 5/1/20407		32			33
Freddie Mac Pool #RB5071 2.00% 9/1/20407		1,801			1,474
Freddie Mac Pool #G06061 4.00% 10/1/20407		456			419
Freddie Mac Pool #SC0149 2.00% 3/1/20417		11,522			9,430

10 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Pool #Q00232 4.50% 4/1/20417	USD	4,013	$	3,820
Freddie Mac Pool #Q00850 4.50% 5/1/20417		145		138
Freddie Mac Pool #RB0544 2.00% 6/1/20417		5,485		4,489
Freddie Mac Pool #G06841 5.50% 6/1/20417		1,406		1,402
Freddie Mac Pool #G08456 5.00% 7/1/20417		94		90
Freddie Mac Pool #G60546 4.00% 12/1/20427		3,606		3,318
Freddie Mac Pool #Q21442 4.50% 8/1/20437		294		278
Freddie Mac Pool #760014 2.724% 8/1/20457,8		517		493
Freddie Mac Pool #G60138 3.50% 8/1/20457		13,258		11,835
Freddie Mac Pool #G60279 4.00% 10/1/20457		3,706		3,402
Freddie Mac Pool #Q41088 4.00% 6/1/20467		8,490		7,789
Freddie Mac Pool #Q41905 4.00% 7/1/20467		3,357		3,081
Freddie Mac Pool #Q42626 4.00% 8/1/20467		3,219		2,953
Freddie Mac Pool #T65389 3.50% 9/1/20467		51		44
Freddie Mac Pool #Q44227 4.00% 9/1/20467		890		816
Freddie Mac Pool #Q49716 4.50% 8/1/20477		339		318
Freddie Mac Pool #ZS4735 3.50% 9/1/20477		2,484		2,184
Freddie Mac Pool #K39018 6.50% 10/1/20477		48		48
Freddie Mac Pool #G08793 4.00% 12/1/20477		15,205		13,907
Freddie Mac Pool #Q52596 4.50% 12/1/20477		360		338
Freddie Mac Pool #SI2002 4.00% 3/1/20487		772		705
Freddie Mac Pool #Q55986 4.50% 5/1/20487		5,778		5,435
Freddie Mac Pool #ZT1704 4.50% 1/1/20497		133,047		125,533
Freddie Mac Pool #SD0214 3.00% 11/1/20497		37,871		31,825
Freddie Mac Pool #QA5741 3.00% 12/1/20497		3,069		2,591
Freddie Mac Pool #QA5125 3.50% 12/1/20497		1,260		1,111
Freddie Mac Pool #RA3384 3.00% 8/1/20507		1,259		1,054
Freddie Mac Pool #RA3506 3.00% 9/1/20507		12,483		10,431
Freddie Mac Pool #RA5267 3.00% 5/1/20517		8,005		6,683
Freddie Mac Pool #RA5901 3.00% 9/1/20517		7,886		6,574
Freddie Mac Pool #RA6347 3.00% 11/1/20517		9,030		7,528
Freddie Mac Pool #SD7551 3.00% 1/1/20527		66,388		55,797
Freddie Mac Pool #RA6531 3.50% 1/1/20527		27		23
Freddie Mac Pool #RA6805 3.00% 2/1/20527		14,151		11,795
Freddie Mac Pool #SD8214 3.50% 5/1/20527		3,065		2,646
Freddie Mac Pool #RA7556 4.50% 6/1/20527		75,566		69,686
Freddie Mac Pool #SD7556 3.00% 8/1/20527		810		679
Freddie Mac Pool #SD8251 5.50% 8/1/20527		47		46
Freddie Mac Pool #SD1584 4.50% 9/1/20527		16,704		15,722
Freddie Mac Pool #QE9222 5.00% 9/1/20527		53,807		51,066
Freddie Mac Pool #RA7938 5.00% 9/1/20527		3,136		2,974
Freddie Mac Pool #QE8785 5.50% 9/1/20527		2,250		2,189
Freddie Mac Pool #SD1831 5.50% 10/1/20527		2,582		2,517
Freddie Mac Pool #QF1113 5.50% 10/1/20527		1,586		1,546
Freddie Mac Pool #QF3150 5.50% 10/1/20527		1,257		1,234
Freddie Mac Pool #QF1433 5.50% 10/1/20527		37		36
Freddie Mac Pool #QF4229 5.00% 11/1/20527		882		836
Freddie Mac Pool #QF4983 5.00% 11/1/20527		74		70
Freddie Mac Pool #SD2948 5.50% 11/1/20527		33,561		32,671
Freddie Mac Pool #QF3380 5.50% 11/1/20527		3,912		3,813
Freddie Mac Pool #QF2409 5.50% 11/1/20527		2,190		2,134
Freddie Mac Pool #QF2472 5.50% 11/1/20527		1,586		1,545
Freddie Mac Pool #SD8280 6.50% 11/1/20527		23		23
Freddie Mac Pool #SD4116 4.50% 12/1/20527		18,858		17,391
Freddie Mac Pool #SD8276 5.00% 12/1/20527		22,323		21,177
Freddie Mac Pool #QF4765 5.00% 12/1/20527		45		43
Freddie Mac Pool #QF6034 5.50% 12/1/20527		99		96
Freddie Mac Pool #QF4188 5.50% 12/1/20527		99		96
Freddie Mac Pool #QF6796 5.50% 1/1/20537		160		156
Freddie Mac Pool #QF7811 5.00% 2/1/20537		147		140
Freddie Mac Pool #QF7483 5.50% 2/1/20537		11,526		11,215
Freddie Mac Pool #QF7073 5.50% 2/1/20537		4,504		4,385
Freddie Mac Pool #QF8331 5.50% 2/1/20537		3,733		3,635
Freddie Mac Pool #QF9106 5.50% 2/1/20537		1,053		1,024
Freddie Mac Pool #SD2402 6.00% 2/1/20537		18,018		17,998
Freddie Mac Pool #SD8301 6.00% 2/1/20537		85		84
Freddie Mac Pool #QF9075 5.00% 3/1/20537		461		438

Capital Income Builder 11

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac Pool #QF8333 5.00% 3/1/20537	USD	260	$	246
Freddie Mac Pool #QF8351 5.50% 3/1/20537		2,998		2,916
Freddie Mac Pool #QF8462 5.50% 3/1/20537		349		340
Freddie Mac Pool #SD2716 5.00% 4/1/20537		4,722		4,482
Freddie Mac Pool #QG3296 5.00% 4/1/20537		556		527
Freddie Mac Pool #QG0978 5.00% 4/1/20537		493		468
Freddie Mac Pool #QG0650 5.00% 4/1/20537		65		62
Freddie Mac Pool #QG0159 5.00% 4/1/20537		59		56
Freddie Mac Pool #QG1385 5.00% 4/1/20537		46		44
Freddie Mac Pool #SD8316 5.50% 4/1/20537		50,156		48,749
Freddie Mac Pool #QG1023 5.50% 4/1/20537		11,737		11,427
Freddie Mac Pool #QG0657 5.50% 4/1/20537		3,519		3,422
Freddie Mac Pool #SD3236 5.00% 5/1/20537		486		460
Freddie Mac Pool #QG1997 5.00% 5/1/20537		415		394
Freddie Mac Pool #QG1876 5.00% 5/1/20537		83		79
Freddie Mac Pool #SD8324 5.50% 5/1/20537		602,512		585,321
Freddie Mac Pool #SD3369 5.50% 5/1/20537		1,352		1,316
Freddie Mac Pool #SD8325 6.00% 5/1/20537		219,933		218,269
Freddie Mac Pool #QG3376 6.00% 5/1/20537		828		824
Freddie Mac Pool #SD2979 6.50% 5/1/20537		2,636		2,678
Freddie Mac Pool #SD8329 5.00% 6/1/20537		1,514		1,436
Freddie Mac Pool #QG5481 5.00% 6/1/20537		296		281
Freddie Mac Pool #QG4328 5.00% 6/1/20537		91		86
Freddie Mac Pool #QG5286 5.00% 6/1/20537		64		60
Freddie Mac Pool #SD8331 5.50% 6/1/20537		104,814		101,804
Freddie Mac Pool #SD3505 6.00% 6/1/20537		38,443		38,137
Freddie Mac Pool #SD3175 6.00% 6/1/20537		10,049		9,978
Freddie Mac Pool #RA9279 6.00% 6/1/20537		7,945		7,901
Freddie Mac Pool #RA9283 6.00% 6/1/20537		7,459		7,431
Freddie Mac Pool #RA9281 6.00% 6/1/20537		4,970		4,940
Freddie Mac Pool #RA9284 6.00% 6/1/20537		3,415		3,424
Freddie Mac Pool #RA9294 6.50% 6/1/20537		5,848		5,931
Freddie Mac Pool #RA9292 6.50% 6/1/20537		5,065		5,122
Freddie Mac Pool #RA9289 6.50% 6/1/20537		4,748		4,829
Freddie Mac Pool #RA9288 6.50% 6/1/20537		4,483		4,569
Freddie Mac Pool #RA9287 6.50% 6/1/20537		3,298		3,369
Freddie Mac Pool #RA9290 6.50% 6/1/20537		2,475		2,514
Freddie Mac Pool #RA9291 6.50% 6/1/20537		1,808		1,828
Freddie Mac Pool #RA9295 6.50% 6/1/20537		1,341		1,375
Freddie Mac Pool #SD8341 5.00% 7/1/20537		946		897
Freddie Mac Pool #QG6844 5.00% 7/1/20537		253		240
Freddie Mac Pool #SD8342 5.50% 7/1/20537		358,579		348,279
Freddie Mac Pool #SD3356 6.00% 7/1/20537		12,228		12,141
Freddie Mac Pool #SD8362 5.50% 9/1/20537		1,661		1,613
Freddie Mac Pool #SD3825 6.50% 9/1/20537		253,443		255,993
Freddie Mac Pool #RA9865 6.50% 9/1/20537		54,116		54,795
Freddie Mac Pool #SD8367 5.50% 10/1/20537		20,852		20,253
Freddie Mac Pool #SD4053 6.00% 10/1/20537		381		378
Freddie Mac Pool #SD8369 6.50% 10/1/20537		138,963		140,110
Freddie Mac Pool #SD4977 5.00% 11/1/20537		134,308		127,354
Freddie Mac Pool #SD8371 5.00% 11/1/20537		25,236		23,925
Freddie Mac Pool #SD8372 5.50% 11/1/20537		7,329		7,118
Freddie Mac Pool #QH3557 6.50% 11/1/20537		3,612		3,650
Freddie Mac Pool #RJ0668 6.00% 1/1/20547		7,048		7,004
Freddie Mac Pool #SD4795 6.00% 1/1/20547		4,947		4,918
Freddie Mac Pool #SD8407 5.00% 3/1/20547		19,233		18,234
Freddie Mac Pool #SD8408 5.50% 3/1/20547		13,896		13,496
Freddie Mac Pool #RJ1216 5.50% 4/1/20547		1,489		1,450
Freddie Mac Pool #RJ1215 5.50% 4/1/20547		1,139		1,107
Freddie Mac, Series 2122, Class QM, 6.25% 2/15/20297		315		311
Freddie Mac, Series K050, Class A2, Multi Family, 3.334% 8/25/20257		11,250		10,962
Freddie Mac, Series K055, Class A2, Multi Family, 2.673% 3/25/20267		3,500		3,342
Freddie Mac, Series K064, Class A2, Multi Family, 3.224% 3/25/20277,8		4,390		4,163
Freddie Mac, Series K066, Class A2, Multi Family, 3.117% 6/25/20277		4,360		4,106
Freddie Mac, Series K067, Class A2, Multi Family, 3.194% 7/25/20277		4,810		4,529
Freddie Mac, Series K068, Class A2, Multi Family, 3.244% 8/25/20277		2,350		2,214
Freddie Mac, Series K069, Class A2, Multi Family, 3.187% 9/25/20277,8		8,906		8,384

12 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Freddie Mac, Series K156, Class A2, Multi Family, 4.43% 2/25/20337,8	USD	13,801	$	13,120
Freddie Mac, Series 3135, Class OP, principal only, 0% 4/15/20267		34		33
Freddie Mac, Series 3117, Class OG, principal only, 0% 2/15/20367		43		37
Freddie Mac, Series 3136, Class OP, principal only, 0% 4/15/20367		577		440
Freddie Mac, Series 3147, Class OD, principal only, 0% 4/15/20367		226		194
Freddie Mac, Series 3155, Class FO, principal only, 0% 5/15/20367		390		314
Freddie Mac, Series 3149, Class MO, principal only, 0% 5/15/20367		82		71
Freddie Mac, Series 3149, Class AO, principal only, 0% 5/15/20367		72		60
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class MT, 3.00% 7/25/20567		8,048		6,693
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-3, Class HT, 3.25% 7/25/20567		1,620		1,370
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class MA, 3.00% 8/25/20567		7,985		7,246
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-2, Class HA, 3.00% 8/25/20567,8		7,797		7,100
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-1, Class HT, 3.00% 5/25/20577		8,508		7,086
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class HT, 3.25% 6/25/20577,8		12,545		10,872
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class MT, 3.50% 6/25/20577		7,081		6,176
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2017-4, Class M45T, 4.50% 6/25/20577		12,812		12,057
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-3, Class MA, 3.50% 8/25/20577		10,669		10,007
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2018-2, Class MT, 3.50% 11/25/20577		8,794		7,604
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MT, 3.50% 7/25/20587		4,083		3,530
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-1, Class MA, 3.50% 7/25/20587		1,187		1,103
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MT, 3.50% 8/26/20587		3,457		2,982
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MT, 3.50% 10/25/20587		2,129		1,839
Freddie Mac Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA, 3.00% 2/25/20597		26,962		24,191
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2018-1, Class A1, 3.50% 6/25/20287		584		544
Freddie Mac Seasoned Loan Structured Transaction Trust, Series 2019-3, Class A1C, 2.75% 11/25/20297		34,084		31,093
Government National Mortgage Assn. 3.00% 5/1/20547,9		2,200		1,872
Government National Mortgage Assn. 3.50% 5/1/20547,9		1,500		1,321
Government National Mortgage Assn. 4.00% 5/1/20547,9		62,488		56,632
Government National Mortgage Assn. 4.50% 5/1/20547,9		1,350		1,257
Government National Mortgage Assn. 5.00% 5/1/20547,9		3,750		3,590
Government National Mortgage Assn. 5.50% 5/1/20547,9		3,500		3,432
Government National Mortgage Assn. Pool #736682 4.50% 12/15/20377		394		375
Government National Mortgage Assn. Pool #738938 6.50% 2/20/20397		71		73
Government National Mortgage Assn. Pool #783690 6.00% 9/20/20397		694		716
Government National Mortgage Assn. Pool #783689 5.50% 2/20/20407		922		928
Government National Mortgage Assn. Pool #783539 5.00% 10/20/20407		814		784
Government National Mortgage Assn. Pool #783688 5.00% 6/20/20417		887		881
Government National Mortgage Assn. Pool #005198 6.50% 9/20/20417		342		352
Government National Mortgage Assn. Pool #783687 4.50% 12/20/20417		899		852
Government National Mortgage Assn. Pool #MA2894 4.50% 6/20/20457		968		924
Government National Mortgage Assn. Pool #MA3246 4.50% 11/20/20457		1,321		1,260
Government National Mortgage Assn. Pool #MA5077 3.50% 3/20/20487		3,782		3,374
Government National Mortgage Assn. Pool #MA5468 5.00% 9/20/20487		363		352
Government National Mortgage Assn. Pool #MA5530 5.00% 10/20/20487		88		86
Government National Mortgage Assn. Pool #MA5652 4.50% 12/20/20487		487		460
Government National Mortgage Assn. Pool #MA5711 4.50% 1/20/20497		826		780
Government National Mortgage Assn. Pool #MA5712 5.00% 1/20/20497		1,024		994
Government National Mortgage Assn. Pool #MA5764 4.50% 2/20/20497		1,774		1,676
Government National Mortgage Assn. Pool #MA5878 5.00% 4/20/20497		10,291		9,978
Government National Mortgage Assn. Pool #MA6042 5.00% 7/20/20497		6,331		6,158

Capital Income Builder 13

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Federal agency mortgage-backed obligations (continued)
Government National Mortgage Assn. Pool #MA8267 4.00% 9/20/20527	USD	264,650	$	239,992
Government National Mortgage Assn. Pool #MA8947 5.00% 6/20/20537		17,602		16,861
Government National Mortgage Assn. Pool #MA9015 4.50% 7/20/20537		11,721		10,924
Government National Mortgage Assn. Pool #MA9016 5.00% 7/20/20537		96,051		92,009
Government National Mortgage Assn. Pool #773426 4.70% 9/20/20617		10		9
Government National Mortgage Assn. Pool #795485 4.651% 7/20/20627		12		12
Government National Mortgage Assn. Pool #AG8088 4.90% 3/20/20647		1		1
Government National Mortgage Assn. Pool #AG8117 4.912% 4/20/20647		2		2
Government National Mortgage Assn. Pool #AG8193 4.90% 9/20/20647		1		1
Government National Mortgage Assn. Pool #AG8207 4.90% 11/20/20647		1		1
Government National Mortgage Assn. Pool #AG8244 4.90% 1/20/20657		1		1
Government National Mortgage Assn., Series 2005-7, Class AO, principal only, 0% 2/16/20357		333		285
Government National Mortgage Assn., Series 2007-8, Class LO, principal only, 0% 3/20/20377		322		256
Uniform Mortgage-Backed Security 2.50% 5/1/20397,9		150,000		132,841
Uniform Mortgage-Backed Security 2.00% 5/1/20547,9		10,398		7,850
Uniform Mortgage-Backed Security 2.50% 5/1/20547,9		5,916		4,681
Uniform Mortgage-Backed Security 3.00% 5/1/20547,9		17,010		14,047
Uniform Mortgage-Backed Security 3.50% 5/1/20547,9		54,076		46,613
Uniform Mortgage-Backed Security 4.00% 5/1/20547,9		15,618		13,970
Uniform Mortgage-Backed Security 4.50% 5/1/20547,9		39,825		36,702
Uniform Mortgage-Backed Security 5.00% 5/1/20547,9		59,433		56,323
Uniform Mortgage-Backed Security 5.50% 5/1/20547,9		10,520		10,212
Uniform Mortgage-Backed Security 6.00% 5/1/20547,9		2,692		2,667
Uniform Mortgage-Backed Security 6.50% 5/1/20547,9		5,773		5,817
Uniform Mortgage-Backed Security 7.00% 5/1/20547,9		65,456		66,821
Uniform Mortgage-Backed Security 2.00% 6/1/20547,9		6,000		4,542
Uniform Mortgage-Backed Security 2.50% 6/1/20547,9		25,000		19,798
Uniform Mortgage-Backed Security 3.00% 6/1/20547,9		43,336		35,813
Uniform Mortgage-Backed Security 3.50% 6/1/20547,9		64,516		55,653
Uniform Mortgage-Backed Security 4.00% 6/1/20547,9		6,226		5,571
Uniform Mortgage-Backed Security 4.50% 6/1/20547,9		8,567		7,897
Uniform Mortgage-Backed Security 5.00% 6/1/20547,9		179,500		170,085
Uniform Mortgage-Backed Security 5.50% 6/1/20547,9		43,750		42,460
Uniform Mortgage-Backed Security 6.00% 6/1/20547,9		19,150		18,967
Uniform Mortgage-Backed Security 6.50% 6/1/20547,9		60,500		60,923
Uniform Mortgage-Backed Security 7.00% 6/1/20547,9		343,768		350,630
				7,439,124
Commercial mortgage-backed securities 0.41%
Bank Commercial Mortgage Trust, Series 2023-5YR1, Class B, 6.624% 3/15/20567,8		5,216		5,044
Benchmark Mortgage Trust, Series 2023-B38, Class A4, 5.525% 4/15/20567		6,364		6,296
Benchmark Mortgage Trust, Series 2024-V5, Class AM, 6.417% 1/10/20577		504		512
Benchmark Mortgage Trust, Series 2024-V5, Class C, 7.205% 1/10/20577,8		69		69
BOCA Commercial Mortgage Trust, Series 2022-BOCA, Class A, (1-month USD CME Term SOFR + 1.77%) 7.091% 5/15/20391,7,8		10,389		10,408
BPR Trust, Series 2022-OANA, Class A, (1-month USD CME Term SOFR + 1.898%) 7.219% 4/15/20371,7,8		31,327		31,512
BX Trust, Series 2022-CSMO, Class A, (1-month USD CME Term SOFR + 2.115%) 7.436% 6/15/20271,7,8		31,020		31,179
BX Trust, Series 2024-CNYN, Class A, (1-month USD CME Term SOFR + 1.442%) 6.763% 4/15/20291,7,8		2,919		2,920
BX Trust, Series 2021-VOLT, Class A, (1-month USD CME Term SOFR + 0.814%) 6.135% 9/15/20361,7,8		55,444		54,927
BX Trust, Series 2021-ARIA, Class A, (1-month USD CME Term SOFR + 1.014%) 6.335% 10/15/20361,7,8		26,562		26,253
BX Trust, Series 2021-ARIA, Class C, (1-month USD CME Term SOFR + 1.76%) 7.081% 10/15/20361,7,8		3,984		3,920
BX Trust, Series 2021-ARIA, Class D, (1-month USD CME Term SOFR + 2.01%) 7.331% 10/15/20361,7,8		1,380		1,352
BX Trust, Series 2022-IND, Class A, (1-month USD CME Term SOFR + 1.491%) 6.812% 4/15/20371,7,8		11,571		11,575
BX Trust, Series 2021-SOAR, Class A, (1-month USD CME Term SOFR + 0.784%) 6.105% 6/15/20381,7,8		10,236		10,147
BX Trust, Series 2021-SOAR, Class C, (1-month USD CME Term SOFR + 1.214%) 6.535% 6/15/20381,7,8		868		860

14 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Mortgage-backed obligations (continued)
Commercial mortgage-backed securities (continued)
BX Trust, Series 2021-SOAR, Class D, (1-month USD CME Term SOFR + 1.514%) 6.835% 6/15/20381,7,8	USD	3,294	$	3,265
BX Trust, Series 2021-ACNT, Class B, (1-month USD CME Term SOFR + 1.364%) 6.685% 11/15/20381,7,8		1,883		1,867
BX Trust, Series 2021-ACNT, Class C, (1-month USD CME Term SOFR + 1.614%) 6.935% 11/15/20381,7,8		370		366
BX Trust, Series 2021-ACNT, Class D, (1-month USD CME Term SOFR + 1.964%) 7.285% 11/15/20381,7,8		1,057		1,049
BX Trust, Series 2022-PSB, Class A, (1-month USD CME Term SOFR + 2.451%) 7.772% 8/15/20391,7,8		8,381		8,428
BX Trust, Series 2023-VLT2, Class A, (1-month USD CME Term SOFR + 2.281%) 7.602% 6/15/20401,7,8		18,901		18,991
Citigroup Commercial Mortgage Trust, Series 2023-SMRT, Class A, 6.015% 10/12/20401,7,8		22,540		22,450
DATA 2023-CNTR Mortgage Trust, Series 2023-CNTR, Class A, 5.919% 8/12/20431,7,8		49,520		49,353
DC Commercial Mortgage Trust, Series 2023-DC, Class D, 7.379% 9/10/20401,7,8		1,031		1,010
DC Commercial Mortgage Trust, Series 2023-DC, Class C, 7.379% 9/10/20401,7,8		680		685
Extended Stay America Trust, Series 2021-ESH, Class A, (1-month USD CME Term SOFR + 1.194%) 6.515% 7/15/20381,7,8		9,596		9,590
Extended Stay America Trust, Series 2021-ESH, Class C, (1-month USD CME Term SOFR + 1.814%) 7.135% 7/15/20381,7,8		1,098		1,097
Extended Stay America Trust, Series 2021-ESH, Class D, (1-month USD CME Term SOFR + 2.364%) 7.685% 7/15/20381,7,8		1,150		1,151
FS Commercial Trust, Series 2023-4SZN, Class A, 7.066% 11/10/20391,7		3,231		3,301
Great Wolf Trust, Series 2024-WLF2, Class A, (1-month USD CME Term SOFR + 1.691%) 6.991% 5/15/20411,7,8		3,164		3,160
GS Mortgage Securities Trust, Series 2018-HULA, Class A, (1-month USD CME Term SOFR + 1.223%) 6.355% 7/15/20251,7,8		13,722		13,676
GS Mortgage Securities Trust, Series 2018-HULA, Class B, (1-month USD CME Term SOFR + 1.553%) 6.685% 7/15/20251,7,8		1,704		1,697
GS Mortgage Securities Trust., Series 2024-70P, Class A, 5.487% 3/10/20411,7,8		3,831		3,718
Hawaii Hotel Trust, Series 2019-MAUI, Class A, (1-month USD CME Term SOFR + 1.264%) 6.518% 5/17/20381,7,8		35,000		34,938
HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% 5/10/20391,7,8		591		586
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.377% 1/5/20391,7		871		721
JPMorgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.565% 1/5/20391,7,8		219		176
Multifamily Connecticut Avenue Securities, Series 2023-01, Class M7, (30-day Average USD-SOFR + 4.00%) 9.33% 11/25/20531,7,8		310		316
Multifamily Connecticut Avenue Securities, Series 2023-01, Class M10, (30-day Average USD-SOFR + 6.50%) 11.83% 11/25/20531,7,8		1,350		1,424
SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, (1-month USD CME Term SOFR + 1.392%) 6.692% 5/15/20391,7,8		2,832		2,834
SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, (1-month USD CME Term SOFR + 1.741%) 7.041% 5/15/20391,7,8		486		487
SREIT Trust, Series 2021-MFP, Class A, (1-month USD CME Term SOFR + 0.845%) 6.166% 11/15/20381,7,8		34,504		34,290
SREIT Trust, Series 2021-MFP, Class C, (1-month USD CME Term SOFR + 1.443%) 6.764% 11/15/20381,7,8		993		986
				418,586
Collateralized mortgage-backed obligations (privately originated) 0.27%
Arroyo Mortgage Trust, Series 2021-1R, Class A1, 1.175% 10/25/20481,7,8		11,073		9,486
Bear Stearns ARM Trust, Series 2003-8, Class IIIA, 3.827% 1/25/20347,8		287		218
BRAVO Residential Funding Trust, Series 2022-R1, Class A, 3.125% 1/29/2070 (6.125% on 1/29/2025)1,7,10		3,038		2,820
Cascade Funding Mortgage Trust, Series 2021-HB7, Class A, 1.151% 10/27/20311,7,8		8,467		8,283
Cascade Funding Mortgage Trust, Series 2021-HB7, Class M1, 2.125% 10/27/20311,7,8		1,296		1,242
Cascade Funding Mortgage Trust, Series 2023-HB12, Class M1, 4.25% 4/25/20331,7,8		675		634
Cascade Funding Mortgage Trust, Series 2023-HB12, Class A, 4.25% 4/25/20331,7,8		253		248
CIM Trust, Series 2022-R2, Class A1, 3.75% 12/25/20611,7,8		14,893		13,557
Connecticut Avenue Securities Trust, Series 2023-R05, Class 1M1, (30-day Average USD-SOFR + 1.90%) 7.23% 6/25/20431,7,8		13,341		13,514
CS First Boston Mortgage Securities Corp., Series 2002-30, Class IA1, 7.50% 11/25/20327		90		89

Capital Income Builder 15

Bonds, notes & other debt instruments (continued)	Principal amount (000)			Value (000)
Mortgage-backed obligations (continued)
Collateralized mortgage-backed obligations (privately originated) (continued)
CS First Boston Mortgage Securities Corp., Series 2002-34, Class IA1, 7.50% 12/25/20327	USD	71		$	72
CS First Boston Mortgage Securities Corp., Series 2003-21, Class VA1, 6.50% 7/25/20337		72			70
Finance of America Structured Securities Trust, Series 2019-JR1, Class A, 2.00% 3/25/20691,7		7,787			8,013
Flagstar Mortgage Trust, Series 2021-10INV, Class A3, 2.50% 10/25/20511,7,8		28			22
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA3, Class M1A, (30-day Average USD-SOFR + 2.00%) 7.33% 4/25/20421,7,8		5,557			5,619
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1A, (30-day Average USD-SOFR + 2.15%) 7.48% 9/25/20421,7,8		2,004			2,031
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2022-DNA6, Class M1B, (30-day Average USD-SOFR + 3.70%) 9.03% 9/25/20421,7,8		5,838			6,211
Home Partners of America Trust, Series 2022-1, Class A, 3.93% 4/17/20391,7		14,588			13,833
Imperial Fund Mortgage Trust, Series 2022-NQM7, Class A1, 7.369% 11/25/2067 (8.369% on 11/1/2026)1,7,10		14,615			14,743
Legacy Mortgage Asset Trust, Series 2022-GS1, Class A1, 4.00% 2/25/2061 (7.00% on 4/25/2025)1,7,10		15,299			14,867
Legacy Mortgage Asset Trust, Series 2021-GS2, Class A1, 1.75% 4/25/20611,7,8		1,813			1,757
Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, 2.25% 7/25/2067 (5.25% on 11/25/2024)1,7,10		7,476			7,213
Mello Mortgage Capital Acceptance Trust, Series 2021-MTG3, Class A3, 2.50% 7/1/20511,7,8		—	3		—	3
Mello Warehouse Securitization Trust, Series 2021-3, Class A, (3-month USD CME Term SOFR + 0.965%) 6.281% 11/25/20551,7,8		24,241			24,227
Mill City Mortgage Trust, Series 2018-1, Class A1, 3.25% 5/25/20621,7,8		88			86
NewRez Warehouse Securitization Trust, Series 2021-1, Class A, (1-month USD CME Term SOFR + 0.865%) 6.181% 5/25/20551,7,8		21,673			21,694
Onslow Bay Financial, LLC, Series 2024-NQM4, Class A1, 6.067% 1/25/2064 (7.067% on 2/1/2028)1,7,10		9,254			9,214
Progress Residential Trust, Series 2024-SFR2, Class A, 3.30% 4/17/20411,7		15,026			13,474
Reverse Mortgage Investment Trust, Series 2021-HB1, Class A, 1.259% 11/25/20311,7,8		2,084			2,033
Towd Point Mortgage Trust, Series 2016-5, Class A1, 2.50% 10/25/20561,7,8		29			29
Towd Point Mortgage Trust, Series 2017-5, Class A1, 6.031% 2/25/20571,7,8		289			294
Towd Point Mortgage Trust, Series 2017-4, Class A1, 2.75% 6/25/20571,7,8		443			424
Towd Point Mortgage Trust, Series 2017-3, Class A1, 2.75% 7/25/20571,7,8		119			117
Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75% 10/25/20571,7,8		654			627
Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25% 3/25/20581,7,8		803			777
Towd Point Mortgage Trust, Series 2018-5, Class A1A, 3.25% 7/25/20581,7,8		211			204
Towd Point Mortgage Trust, Series 2020-4, Class A1, 1.75% 10/25/20601,7		58,353			50,939
Treehouse Park Improvement Association No.1 9.75% 12/1/20331,2		6,473			6,014
Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943% 7/17/20381,7		19,525			17,926
Tricon Residential Trust, Series 2023-SFR2, Class A, 5.00% 12/17/20401,7		2,714			2,627
					275,248
Total mortgage-backed obligations					8,132,958
U.S. Treasury bonds & notes 4.89%
U.S. Treasury 4.89%
U.S. Treasury 7.50% 11/15/202411		331,274			335,687
U.S. Treasury 4.50% 11/30/2024		23,500			23,386
U.S. Treasury 4.25% 12/31/2024		500			497
U.S. Treasury 7.625% 2/15/2025		250,000			255,293
U.S. Treasury 4.625% 2/28/2025		493,000			490,400
U.S. Treasury 4.25% 5/31/2025		5,000			4,947
U.S. Treasury 3.00% 7/15/2025		45,000			43,857
U.S. Treasury 4.75% 7/31/2025		2,000			1,989
U.S. Treasury 6.875% 8/15/2025		145,145			148,711
U.S. Treasury 4.50% 11/15/2025		15,350			15,202
U.S. Treasury 4.00% 12/15/2025		90,000			88,421
U.S. Treasury 3.875% 1/15/2026		27,000			26,459
U.S. Treasury 4.25% 1/31/2026		205,000			202,114
U.S. Treasury 4.00% 2/15/2026		10,000			9,815
U.S. Treasury 6.00% 2/15/2026		206,000			209,951
U.S. Treasury 3.75% 4/15/2026		4,000			3,904
U.S. Treasury 4.125% 6/15/2026		12,000			11,788
U.S. Treasury 4.50% 7/15/2026		4,000			3,958
U.S. Treasury 4.375% 8/15/2026		3,000			2,960

16 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
U.S. Treasury bonds & notes (continued)
U.S. Treasury (continued)
U.S. Treasury 6.75% 8/15/2026	USD	35,000	$	36,378
U.S. Treasury 4.625% 9/15/2026		42,602		42,271
U.S. Treasury 4.625% 10/15/2026		25,100		24,908
U.S. Treasury 4.625% 11/15/2026		3,000		2,977
U.S. Treasury 6.50% 11/15/2026		178,000		185,454
U.S. Treasury 4.00% 1/15/2027		1,016		993
U.S. Treasury 2.25% 2/15/2027		75		70
U.S. Treasury 4.125% 2/15/2027		3,000		2,940
U.S. Treasury 6.625% 2/15/2027		65,000		68,154
U.S. Treasury 2.625% 5/31/2027		6,500		6,087
U.S. Treasury 2.75% 7/31/2027		400,000		374,944
U.S. Treasury 6.375% 8/15/2027		54,937		57,522
U.S. Treasury 6.125% 11/15/202711		366,294		381,804
U.S. Treasury 3.875% 12/31/2027		123,463		119,579
U.S. Treasury 4.00% 6/30/2028		5,000		4,855
U.S. Treasury 4.125% 7/31/2028		207,000		201,865
U.S. Treasury 2.875% 8/15/2028		148,319		137,517
U.S. Treasury 4.375% 11/30/2028		65,000		64,018
U.S. Treasury 4.00% 1/31/2029		10,733		10,400
U.S. Treasury 4.625% 4/30/2029		18,271		18,201
U.S. Treasury 6.25% 5/15/2030		198,563		214,324
U.S. Treasury 4.625% 4/30/2031		9,731		9,688
U.S. Treasury 1.875% 2/15/2032		100,000		81,740
U.S. Treasury 2.875% 5/15/2032		278,476		244,712
U.S. Treasury 4.125% 11/15/2032		14,654		14,072
U.S. Treasury 4.00% 2/15/2034		21,363		20,230
U.S. Treasury 4.50% 8/15/2039		56,000		54,425
U.S. Treasury 1.125% 5/15/204011		226,344		133,289
U.S. Treasury 4.00% 11/15/2042		12,950		11,537
U.S. Treasury 4.75% 11/15/2043		27,016		26,499
U.S. Treasury 4.50% 2/15/2044		13,904		13,202
U.S. Treasury 3.00% 5/15/2047		108,296		79,784
U.S. Treasury 3.00% 2/15/204911		112,916		82,349
U.S. Treasury 1.375% 8/15/205011		38,101		18,596
U.S. Treasury 2.00% 8/15/2051		37,789		21,698
U.S. Treasury 2.25% 2/15/205211		207,137		126,305
U.S. Treasury 3.00% 8/15/205211		136,283		98,379
U.S. Treasury 4.00% 11/15/2052		24,585		21,541
U.S. Treasury 4.75% 11/15/2053		65,614		65,250
U.S. Treasury 4.25% 2/15/2054		8,000		7,323
Total U.S. Treasury bonds & notes				4,965,219
Corporate bonds, notes & loans 2.74%
Financials 0.48%
ACE Capital Trust II, junior subordinated, 9.70% 4/1/2030		7,210		8,418
AIB Group PLC 5.75% 2/16/2029 (1-year EUR Mid-Swap + 2.85% on 2/16/2028)10	EUR	2,000		2,264
AIB Group PLC 6.608% 9/13/2029 (USD-SOFR + 2.33% on 9/13/2028)1,10	USD	450		459
AIB Group PLC 2.875% 5/30/2031 (5-year EUR Mid-Swap + 3.30% on 5/30/2026)10	EUR	1,000		1,027
Alpha Bank SA 5.50% 6/11/2031 (5-year EUR Mid-Swap + 5.823% on 6/11/2026)10		3,000		3,158
American Express Co. 5.532% 4/25/2030 (USD-SOFR + 1.09% on 4/25/2029)10	USD	1,500		1,498
AmWINS Group, Inc. 6.375% 2/15/20291		935		924
Aon Corp. 3.90% 2/28/2052		3,000		2,167
Aon North America, Inc. 5.45% 3/1/2034		3,000		2,936
Banco BTG Pactual SA 6.25% 4/8/20291		611		608
Bangkok Bank Public Co., Ltd. 3.733% 9/25/2034 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.90% on 9/25/2029)10		1,500		1,307
Bank of America Corp. 5.819% 9/15/2029 (USD-SOFR + 1.57% on 9/15/2028)10		1,834		1,845
Bank of America Corp. 2.592% 4/29/2031 (USD-SOFR + 2.15% on 4/29/2030)10		2,000		1,683
Bank of America Corp. 1.922% 10/24/2031 (USD-SOFR + 1.37% on 10/24/2030)10		5,479		4,358
Bank of America Corp. 2.299% 7/21/2032 (USD-SOFR + 1.22% on 7/21/2031)10		1,200		956
Bank of America Corp. 5.288% 4/25/2034 (USD-SOFR + 1.91% on 4/25/2033)10		3,500		3,373
Bank of America Corp. 5.872% 9/15/2034 (USD-SOFR + 1.84% on 9/15/2033)10		1,000		1,002
Bank of America Corp. 5.468% 1/23/2035 (3-month USD CME Term SOFR + 1.65% on 1/23/2034)10		5,199		5,058
Bank of America Corp. 3.846% 3/8/2037 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 3/8/2032)10		5,000		4,308

Capital Income Builder 17

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
Bank of New York Mellon Corp. 5.188% 3/14/2035 (USD-SOFR + 1.418% on 3/14/2034)10	USD	1,048	$	1,008
BBVA Bancomer, SA 8.45% 6/29/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 4.661% on 6/29/2033)1,10		1,410		1,457
BlackRock Funding, Inc. 5.00% 3/14/2034		1,000		972
BlackRock Funding, Inc. 5.25% 3/14/2054		2,284		2,158
Block, Inc. 2.75% 6/1/2026		5,000		4,702
Block, Inc. 3.50% 6/1/2031		4,500		3,805
BNP Paribas SA 2.159% 9/15/2029 (USD-SOFR + 1.218% on 9/15/2028)1,10		1,275		1,094
BNP Paribas SA 5.738% 2/20/2035 (USD-SOFR + 1.88% on 2/20/2034)1,10		5,350		5,227
Boost Newco Borrower, LLC 7.50% 1/15/20311		11,000		11,361
Boost Newco Borrower, LLC, Term Loan B, (3-month USD CME Term SOFR + 3.00%) 8.326% 1/31/20318,12		3,000		3,015
BPCE SA 5.15% 7/21/20241		2,000		1,994
BPCE SA 5.975% 1/18/2027 (USD-SOFR + 2.10% on 1/18/2026)1,10		2,000		1,997
BPCE SA 6.714% 10/19/2029 (USD-SOFR + 2.27% on 10/19/2028)1,10		3,500		3,603
BPCE SA 5.716% 1/18/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.959% on 1/18/2029)1,10		650		643
Bread Financial Holdings, Inc. 9.75% 3/15/20291		485		505
CaixaBank, SA 6.208% 1/18/2029 (USD-SOFR + 2.70% on 1/18/2028)1,10		2,325		2,339
CaixaBank, SA 5.00% 7/19/2029 (3-month EUR-EURIBOR + 1.65% on 7/19/2028)10	EUR	2,000		2,214
CaixaBank, SA 5.673% 3/15/2030 (USD-SOFR + 1.78% on 3/15/2029)1,10	USD	3,300		3,244
CaixaBank, SA 6.84% 9/13/2034 (USD-SOFR + 2.77% on 9/13/2033)1,10		200		207
CaixaBank, SA 6.037% 6/15/2035 (USD-SOFR + 2.26% on 9/15/2034)1,10		3,275		3,203
Capital One Financial Corp. 5.468% 2/1/2029 (USD-SOFR + 2.08% on 2/1/2028)10		793		779
Capital One Financial Corp. 6.312% 6/8/2029 (USD-SOFR + 2.64% on 6/8/2028)10		700		706
Capital One Financial Corp. 5.70% 2/1/2030 (USD-SOFR + 1.905% on 2/1/2029)10		4,228		4,171
Capital One Financial Corp. 6.377% 6/8/2034 (USD-SOFR + 2.86% on 6/8/2033)10		2,619		2,637
Capital One Financial Corp. 6.051% 2/1/2035 (USD-SOFR + 2.26% on 2/1/2034)10		6,230		6,130
Charles Schwab Corp. (The) 5.853% 5/19/2034 (USD-SOFR + 2.50% on 5/19/2033)10		538		536
Charles Schwab Corp. (The) 6.136% 8/24/2034 (USD-SOFR + 2.01% on 8/24/2033)10		1,000		1,014
Chubb INA Holdings, LLC 5.00% 3/15/2034		907		879
Chubb INA Holdings, LLC 4.35% 11/3/2045		3,230		2,709
Citigroup, Inc. 5.174% 2/13/2030 (USD-SOFR + 1.364% on 2/13/2029)10		2,475		2,421
Citigroup, Inc. 3.057% 1/25/2033 (USD-SOFR + 1.351% on 1/25/2032)10		8,537		7,063
Citigroup, Inc. 4.91% 5/24/2033 (USD-SOFR + 2.086% on 5/24/2032)10		300		282
Citigroup, Inc. 6.27% 11/17/2033 (USD-SOFR + 2.338% on 11/17/2032)10		1,721		1,767
Citigroup, Inc. 6.174% 5/25/2034 (USD-SOFR + 2.661% on 5/25/2033)10		2,775		2,755
Citigroup, Inc. 5.827% 2/13/2035 (USD-SOFR + 2.056% on 2/13/2034)10		9,000		8,666
Citizens Financial Group, Inc. 5.841% 1/23/2030 (USD-SOFR + 2.01% on 1/23/2029)10		3,195		3,130
Coinbase Global, Inc. 3.375% 10/1/20281		2,700		2,266
Coinbase Global, Inc. 3.625% 10/1/20311		3,525		2,752
Corebridge Financial, Inc. 4.35% 4/5/2042		1,500		1,204
Corebridge Financial, Inc. 4.40% 4/5/2052		2,985		2,292
Danske Bank AS 6.259% 9/22/2026 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.18% on 9/22/2025)1,10		3,000		3,014
Danske Bank AS 4.298% 4/1/2028 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 4/1/2027)1,10		3,500		3,345
Deutsche Bank AG 6.72% 1/18/2029 (USD-SOFR + 3.18% on 1/18/2028)10		2,800		2,856
Deutsche Bank AG 6.819% 11/20/2029 (USD-SOFR + 2.51% on 11/20/2028)10		3,925		4,035
Deutsche Bank AG 3.729% 1/14/2032 (USD-SOFR + 2.757% on 1/14/2031)10		1,250		1,030
Deutsche Bank AG 7.079% 2/10/2034 (USD-SOFR + 3.65% on 2/10/2033)10		2,000		1,995
Eurobank SA 5.875% 11/28/2029 (1-year EUR Mid-Swap + 2.83% on 11/28/2028)10	EUR	3,000		3,363
Goldman Sachs Group, Inc. 3.814% 4/23/2029 (3-month USD CME Term SOFR + 1.42% on 4/23/2028)10	USD	1,337		1,250
Goldman Sachs Group, Inc. 6.484% 10/24/2029 (USD-SOFR + 1.77% on 10/24/2028)10		4,774		4,927
Goldman Sachs Group, Inc. 2.60% 2/7/2030		1,594		1,368
Goldman Sachs Group, Inc. 5.727% 4/25/2030 (USD-SOFR + 1.265% on 4/25/2029)10		3,500		3,507
Goldman Sachs Group, Inc. 1.992% 1/27/2032 (USD-SOFR + 1.09% on 1/27/2031)10		550		434
Goldman Sachs Group, Inc. 2.65% 10/21/2032 (USD-SOFR + 1.264% on 10/21/2031)10		5,619		4,552
Goldman Sachs Group, Inc. 3.102% 2/24/2033 (USD-SOFR + 1.41% on 2/24/2032)10		12,500		10,403
Goldman Sachs Group, Inc. 5.851% 4/25/2035 (USD-SOFR + 1.552% on 4/25/2034)10		4,025		4,029
Goldman Sachs Group, Inc. 2.908% 7/21/2042 (USD-SOFR + 1.40% on 7/21/2041)10		61		42
Goldman Sachs Group, Inc. 3.436% 2/24/2043 (USD-SOFR + 1.632% on 2/24/2042)10		666		490
Goldman Sachs Group, Inc. 7.50% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 2.809% on 5/10/2029)10		3,000		3,040

18 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
HSBC Holdings PLC 4.583% 6/19/2029 (3-month USD CME Term SOFR + 1.796% on 6/19/2028)10	USD	12,500	$	11,922
HSBC Holdings PLC 6.254% 3/9/2034 (USD-SOFR + 2.39% on 3/9/2033)10		4,250		4,343
HSBC Holdings PLC 5.719% 3/4/2035 (USD-SOFR + 1.78% on 3/4/2034)10		7,081		6,937
HSBC Holdings PLC 6.332% 3/9/2044 (USD-SOFR + 2.65% on 3/9/2043)10		2,175		2,225
Intesa Sanpaolo SpA 5.017% 6/26/20241		9,100		9,075
JPMorgan Chase & Co. 5.546% 12/15/2025 (USD-SOFR + 1.07% on 12/15/2024)10		4,000		3,990
JPMorgan Chase & Co. 5.04% 1/23/2028 (USD-SOFR + 1.19% on 1/23/2027)10		1,849		1,823
JPMorgan Chase & Co. 2.947% 2/24/2028 (USD-SOFR + 1.17% on 2/24/2027)10		2,750		2,560
JPMorgan Chase & Co. 5.571% 4/22/2028 (USD-SOFR + 0.93% on 4/22/2027)10		4,850		4,847
JPMorgan Chase & Co. 4.323% 4/26/2028 (USD-SOFR + 1.56% on 4/26/2027)10		768		743
JPMorgan Chase & Co. 5.012% 1/23/2030 (USD-SOFR + 1.31% on 1/23/2029)10		4,587		4,478
JPMorgan Chase & Co. 5.581% 4/22/2030 (USD-SOFR + 1.16% on 4/22/2029)10		6,675		6,671
JPMorgan Chase & Co. 4.565% 6/14/2030 (USD-SOFR + 1.75% on 6/14/2029)10		2,000		1,912
JPMorgan Chase & Co. 1.953% 2/4/2032 (USD-SOFR + 1.065% on 2/4/2031)10		822		652
JPMorgan Chase & Co. 2.963% 1/25/2033 (USD-SOFR + 1.26% on 1/25/2032)10		10,763		8,947
JPMorgan Chase & Co. 6.254% 10/23/2034 (USD-SOFR + 1.81% on 10/23/2033)10		1,300		1,347
JPMorgan Chase & Co. 5.336% 1/23/2035 (USD-SOFR + 1.62% on 1/23/2034)10		2,625		2,546
JPMorgan Chase & Co. 5.766% 4/22/2035 (USD-SOFR + 1.49% on 4/22/2034)10		7,200		7,208
KBC Groep NV 5.796% 1/19/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/19/2028)1,10		800		795
KBC Groep NV 6.324% 9/21/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.05% on 9/21/2033)1,10		3,025		3,053
Keybank National Assn. 4.70% 1/26/2026		3,000		2,921
Lloyds Banking Group PLC 4.375% 3/22/2028		5,375		5,125
Lloyds Banking Group PLC 4.976% 8/11/2033 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.30% on 8/11/2032)10		1,000		939
Lloyds Banking Group PLC 5.679% 1/5/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.75% on 1/5/2034)10		6,225		6,075
M&T Bank Corp. 6.082% 3/13/2032 (USD-SOFR + 2.26% on 3/13/2031)10		500		489
Morgan Stanley 5.652% 4/13/2028 (USD-SOFR + 1.01% on 4/13/2027)8		5,000		5,006
Morgan Stanley 5.164% 4/20/2029 (USD-SOFR + 1.59% on 4/20/2028)10		367		361
Morgan Stanley 5.173% 1/16/2030 (USD-SOFR + 1.45% on 1/16/2029)10		1,900		1,863
Morgan Stanley 5.656% 4/18/2030 (USD-SOFR + 1.26% on 4/18/2029)10		7,217		7,221
Morgan Stanley 2.943% 1/21/2033 (USD-SOFR + 1.29% on 1/21/2032)10		6,000		4,955
Morgan Stanley 5.424% 7/21/2034 (USD-SOFR + 1.88% on 7/21/2033)10		1,890		1,835
Morgan Stanley 6.627% 11/1/2034 (USD-SOFR + 2.05% on 11/1/2033)10		3,538		3,735
Morgan Stanley 5.381% 4/19/2035 (USD-SOFR + 1.58% on 4/19/2034)10		9,243		9,243
Morgan Stanley 5.948% 1/19/2038 (5-year UST Yield Curve Rate T Note Constant Maturity + 2.43% on 1/19/2033)10		2,000		1,945
Morgan Stanley 5.942% 2/7/2039 (5-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 2/7/2039)10		3,673		3,536
MSCI, Inc. 4.00% 11/15/20291		5,000		4,523
MSCI, Inc. 3.875% 2/15/20311		2,000		1,752
Nasdaq, Inc. 5.35% 6/28/2028		500		498
Nasdaq, Inc. 5.55% 2/15/2034		1,000		979
Nasdaq, Inc. 5.95% 8/15/2053		796		786
Nasdaq, Inc. 6.10% 6/28/2063		470		471
National Australia Bank, Ltd. 2.99% 5/21/20311		3,000		2,475
Navient Corp. 6.75% 6/15/2026		2,000		1,995
Navient Corp. 5.00% 3/15/2027		3,000		2,831
Navient Corp. 9.375% 7/25/2030		1,250		1,287
Navient Corp. 11.50% 3/15/2031		4,735		5,182
Navient Corp. 5.625% 8/1/2033		8,450		6,719
New York Life Global Funding 4.55% 1/28/20331		421		394
OneMain Finance Corp. 6.875% 3/15/2025		2,000		2,015
Oxford Finance, LLC 6.375% 2/1/20271		2,415		2,275
Piraeus Bank SA 8.25% 1/28/2027 (1-year EUR Mid-Swap + 5.715% on 1/28/2026)10	EUR	1,000		1,139
Piraeus Bank SA 3.875% 11/3/2027 (1-year EUR Mid-Swap + 3.948% on 11/3/2026)10		2,000		2,095
Piraeus Bank SA 7.25% 7/13/2028 (1-year EUR Mid-Swap + 3.692% on 7/13/2027)10		2,000		2,284
PNC Financial Services Group, Inc. 5.582% 6/12/2029 (USD-SOFR + 1.841% on 6/12/2028)10	USD	950		946
PNC Financial Services Group, Inc. 6.037% 10/28/2033 (USD-SOFR + 2.14% on 10/28/2032)10		3,000		3,025
PNC Financial Services Group, Inc. 6.875% 10/20/2034 (USD-SOFR + 2.284% on 10/20/2033)10		8,729		9,269

Capital Income Builder 19

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Financials (continued)
PNC Financial Services Group, Inc. 5.676% 1/22/2035 (USD-SOFR + 1.902% on 1/22/2034)10	USD	1,171	$	1,148
Skandinaviska Enskilda Banken AB 0.75% 11/3/2031 (5-year EUR Mid-Swap + 0.88% on 11/3/2026)10	EUR	4,700		4,585
Standard Chartered PLC 6.097% 1/11/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.10% on 1/11/2034)1,10	USD	400		400
State Street Corp. 4.821% 1/26/2034 (USD-SOFR + 1.567% on 1/26/2033)10		3,566		3,366
State Street Corp. 5.159% 5/18/2034 (USD-SOFR + 1.89% on 5/18/2033)10		1,275		1,233
SVB Financial Group 4.70% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.064% on 11/15/2031)10,13		2,690		39
Swedbank AB 6.136% 9/12/20261		795		803
Synchrony Financial 2.875% 10/28/2031		1,250		986
Synchrony Financial 7.25% 2/2/2033		1,500		1,464
Truist Financial Corp. 4.873% 1/26/2029 (USD-SOFR + 1.435% on 1/26/2028)10		2,000		1,940
Truist Financial Corp. 5.867% 6/8/2034 (USD-SOFR + 2.361% on 6/8/2033)10		840		825
Truist Financial Corp. 5.711% 1/24/2035 (USD-SOFR + 1.922% on 1/24/2034)10		2,566		2,491
U.S. Bancorp 3.15% 4/27/2027		4,000		3,765
U.S. Bancorp 4.839% 2/1/2034 (USD-SOFR + 1.60% on 2/1/2033)10		4,150		3,832
U.S. Bancorp 5.836% 6/12/2034 (USD-SOFR + 2.26% on 6/10/2033)10		575		569
U.S. Bancorp 5.678% 1/23/2035 (USD-SOFR + 1.86% on 1/23/2034)10		1,600		1,564
UBS Group AG 2.193% 6/5/2026 (USD-SOFR + 2.044% on 6/5/2025)1,10		1,000		960
UBS Group AG 6.246% 9/22/2029 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.80% on 9/22/2028)1,10		3,500		3,553
UBS Group AG 5.428% 2/8/2030 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.52% on 2/8/2029)1,10		750		738
UBS Group AG 4.194% 4/1/2031 (USD-SOFR + 3.73% on 4/1/2030)1,10		5,104		4,656
UBS Group AG 3.091% 5/14/2032 (USD-SOFR + 1.73% on 5/14/2031)1,10		1,000		828
UBS Group AG 6.301% 9/22/2034 (1-year UST Yield Curve Rate T Note Constant Maturity + 2.00% on 9/22/2033)1,10		4,000		4,062
UBS Group AG 5.699% 2/8/2035 (1-year UST Yield Curve Rate T Note Constant Maturity + 1.77% on 2/8/2034)1,10		2,325		2,255
Wells Fargo & Co. 5.707% 4/22/2028 (USD-SOFR + 1.07% on 4/22/2027)10		6,950		6,956
Wells Fargo & Co. 4.808% 7/25/2028 (USD-SOFR + 1.98% on 7/25/2027)10		2,000		1,949
Wells Fargo & Co. 5.198% 1/23/2030 (USD-SOFR + 1.50% on 1/23/2029)10		1,550		1,520
Wells Fargo & Co. 3.35% 3/2/2033 (USD-SOFR + 1.50% on 3/2/2032)10		10,000		8,445
Wells Fargo & Co. 5.557% 7/25/2034 (USD-SOFR + 1.99% on 7/25/2033)10		2,886		2,814
Wells Fargo & Co. 6.491% 10/23/2034 (USD-SOFR + 2.06% on 10/23/2033)10		3,785		3,942
Wells Fargo & Co. 4.611% 4/25/2053 (USD-SOFR + 2.13% on 4/25/2052)10		1,508		1,258
Willis North America, Inc. 5.35% 5/15/2033		3,000		2,886
Willis North America, Inc. 5.90% 3/5/2054		3,000		2,879
				482,910
Energy 0.42%
3R Lux SARL 9.75% 2/5/20311		1,185		1,247
AI Candelaria (Spain), SLU 7.50% 12/15/20281		355		342
AI Candelaria (Spain), SLU 5.75% 6/15/20331		1,495		1,157
Antero Resources Corp. 7.625% 2/1/20291		1,000		1,025
Apache Corp. 4.25% 1/15/2030		17,930		16,507
Apache Corp. 5.10% 9/1/2040		1,013		844
Apache Corp. 5.25% 2/1/2042		427		355
Apache Corp. 5.35% 7/1/2049		1,905		1,551
Baytex Energy Corp. 8.50% 4/30/20301		275		287
Baytex Energy Corp. 7.375% 3/15/20321		2,080		2,099
Borr IHC, Ltd. 10.00% 11/15/20281		2,640		2,738
Borr IHC, Ltd. 10.375% 11/15/20301		3,250		3,386
Canadian Natural Resources, Ltd. 3.85% 6/1/2027		1,000		952
Canadian Natural Resources, Ltd. 2.95% 7/15/2030		3,873		3,327
Cenovus Energy, Inc. 5.25% 6/15/2037		807		741
Cenovus Energy, Inc. 5.40% 6/15/2047		3,514		3,142
Cheniere Energy Partners, LP 4.50% 10/1/2029		1,000		936
Cheniere Energy Partners, LP 5.95% 6/30/2033		2,000		1,996
Chesapeake Energy Corp. 5.50% 2/1/20261		6,000		5,929
Chesapeake Energy Corp. 5.875% 2/1/20291		5,420		5,320
Civitas Resources, Inc. 5.00% 10/15/20261		3,070		2,972
Civitas Resources, Inc. 8.375% 7/1/20281		2,515		2,627
Civitas Resources, Inc. 8.625% 11/1/20301		1,225		1,304
Civitas Resources, Inc. 8.75% 7/1/20311		1,210		1,285

20 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Energy (continued)
CNX Resources Corp. 7.25% 3/1/20321	USD	1,170	$	1,174
Columbia Pipelines Holding Co., LLC 6.055% 8/15/20261		2,000		2,007
Columbia Pipelines Holding Co., LLC 6.042% 8/15/20281		2,000		2,019
Columbia Pipelines Holding Co., LLC 6.544% 11/15/20531		699		721
Constellation Oil Services Holding SA 3.00% Cash 12/31/202614		262		210
Continental Resources, Inc. 4.90% 6/1/2044		2,000		1,615
Coterra Energy, Inc. 5.60% 3/15/2034		7,500		7,337
Crescent Energy Finance, LLC 9.25% 2/15/20281		3,538		3,741
Crescent Energy Finance, LLC 7.625% 4/1/20321		2,280		2,290
Diamond Foreign Asset Co. 8.50% 10/1/20301		605		633
Diamondback Energy, Inc. 5.20% 4/18/2027		2,000		1,986
Diamondback Energy, Inc. 5.15% 1/30/2030		1,045		1,025
Diamondback Energy, Inc. 5.40% 4/18/2034		4,401		4,278
Diamondback Energy, Inc. 5.75% 4/18/2054		1,517		1,449
Diamondback Energy, Inc. 5.90% 4/18/2064		1,123		1,069
DT Midstream, Inc. 4.125% 6/15/20291		1,000		907
DT Midstream, Inc. 4.375% 6/15/20311		4,000		3,554
Ecopetrol SA 8.875% 1/13/2033		1,440		1,475
Ecopetrol SA 8.375% 1/19/2036		1,220		1,187
Enbridge Energy Partners, LP 7.375% 10/15/2045		5,459		6,089
Enbridge, Inc. 6.70% 11/15/2053		2,239		2,396
Endeavor Energy Resources, LP 5.75% 1/30/20281		1,000		1,014
Energean Israel Finance, Ltd. 5.875% 3/30/20311		1,060		906
Energy Transfer, LP 6.10% 12/1/2028		1,753		1,788
Energy Transfer, LP 6.40% 12/1/2030		2,981		3,072
Energy Transfer, LP 5.55% 5/15/2034		4,760		4,635
Energy Transfer, LP 5.95% 5/15/2054		4,500		4,244
Energy Transfer, LP 6.625% junior subordinated perpetual bonds (3-month USD-LIBOR + 4.155% on 2/15/2028)10,15		5,220		4,815
Energy Transfer, LP (3-month USD CME Term SOFR + 4.29%) 9.597% junior subordinated perpetual bonds8		5,000		5,007
EQM Midstream Partners, LP 6.00% 7/1/20251		2,500		2,498
EQM Midstream Partners, LP 4.125% 12/1/2026		2,000		1,915
EQM Midstream Partners, LP 7.50% 6/1/20271		2,000		2,039
EQM Midstream Partners, LP 6.50% 7/1/20271		1,255		1,258
EQM Midstream Partners, LP 4.50% 1/15/20291		2,290		2,121
EQM Midstream Partners, LP 6.375% 4/1/20291		1,005		996
EQM Midstream Partners, LP 6.50% 7/15/2048		4,000		3,950
EQT Corp. 7.25% 2/1/203010		15,000		15,668
Equinor ASA 3.625% 9/10/2028		13,165		12,436
Equinor ASA 3.25% 11/18/2049		7,583		5,193
Equinor ASA 3.70% 4/6/2050		500		371
Exxon Mobil Corp. 2.61% 10/15/2030		20,000		17,323
Exxon Mobil Corp. 3.452% 4/15/2051		2,000		1,415
Harbour Energy PLC 5.50% 10/15/20261		4,000		3,925
Hess Midstream Operations, LP 5.625% 2/15/20261		1,000		990
Hess Midstream Operations, LP 5.50% 10/15/20301		4,000		3,828
Hilcorp Energy I, LP 6.25% 11/1/20281		1,000		986
Hilcorp Energy I, LP 5.75% 2/1/20291		665		639
Hilcorp Energy I, LP 6.00% 4/15/20301		3,260		3,127
Hilcorp Energy I, LP 6.00% 2/1/20311		450		431
Hilcorp Energy I, LP 6.25% 4/15/20321		5,125		4,953
Hilcorp Energy I, LP 8.375% 11/1/20331		1,045		1,122
Jonah Energy, LLC 12.00% 11/5/20252		36		36
Kinder Morgan, Inc. 5.00% 2/1/2029		1,000		976
Kinder Morgan, Inc. 4.80% 2/1/2033		3,000		2,782
Kinder Morgan, Inc. 5.20% 6/1/2033		1,387		1,322
Kinder Morgan, Inc. 5.40% 2/1/2034		1,757		1,694
Kinder Morgan, Inc. 3.25% 8/1/2050		2,007		1,258
Kinder Morgan, Inc. 3.60% 2/15/2051		4,000		2,669
Kinder Morgan, Inc. 5.45% 8/1/2052		826		745
Kinetik Holdings, LP 6.625% 12/15/20281		2,655		2,670
Kinetik Holdings, LP 5.875% 6/15/20301		2,000		1,935
Leviathan Bond, Ltd. 6.75% 6/30/20301		1,390		1,245
Marathon Oil Corp. 5.20% 6/1/2045		3,500		2,993
Matador Resources Co. 6.875% 4/15/20281		950		958
Matador Resources Co. 6.50% 4/15/20321		2,090		2,073

Capital Income Builder 21

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Energy (continued)
MEG Energy Corp. 5.875% 2/1/20291	USD	1,805	$	1,748
Modec Finance BV 7.84% 7/15/20262,16		2,000		2,011
MPLX, LP 4.95% 9/1/2032		6,333		5,976
Murphy Oil Corp. 5.875% 12/1/2027		2,005		1,986
Murphy Oil Corp. 6.375% 7/15/2028		2,000		2,000
Murphy Oil USA, Inc. 3.75% 2/15/20311		2,000		1,719
Nabors Industries, Inc. 7.375% 5/15/20271		1,000		992
Nabors Industries, Inc. 9.125% 1/31/20301		1,120		1,156
New Fortress Energy, Inc. 6.75% 9/15/20251		3,000		2,966
New Fortress Energy, Inc. 6.50% 9/30/20261		8,085		7,738
New Fortress Energy, Inc. 8.75% 3/15/20291		2,215		2,162
NGPL PipeCo, LLC 7.768% 12/15/20371		2,000		2,183
Noble Finance II, LLC 8.00% 4/15/20301		625		644
Occidental Petroleum Corp. 6.125% 1/1/2031		5,000		5,067
Occidental Petroleum Corp. 4.625% 6/15/2045		2,000		1,541
Occidental Petroleum Corp. 4.40% 4/15/2046		2,000		1,547
Occidental Petroleum Corp. 4.40% 8/15/2049		6,000		4,323
Oleoducto Central SA 4.00% 7/14/20271		1,065		987
ONEOK, Inc. 5.65% 11/1/2028		500		502
ONEOK, Inc. 4.35% 3/15/2029		360		342
ONEOK, Inc. 3.10% 3/15/2030		2,234		1,949
ONEOK, Inc. 5.80% 11/1/2030		827		830
ONEOK, Inc. 6.05% 9/1/2033		4,722		4,776
ONEOK, Inc. 4.95% 7/13/2047		628		524
ONEOK, Inc. 3.95% 3/1/2050		4,000		2,837
ONEOK, Inc. 7.15% 1/15/2051		2,319		2,489
ONEOK, Inc. 6.625% 9/1/2053		1,385		1,445
Permian Resources Operating, LLC 5.875% 7/1/20291		3,000		2,918
Permian Resources Operating, LLC 9.875% 7/15/20311		840		930
Permian Resources Operating, LLC 7.00% 1/15/20321		6,665		6,799
Petroleos Mexicanos 4.25% 1/15/2025		7,000		6,860
Petroleos Mexicanos 6.875% 10/16/2025		5,500		5,425
Petroleos Mexicanos 4.50% 1/23/2026		3,532		3,320
Petroleos Mexicanos 6.875% 8/4/2026		3,000		2,914
Petroleos Mexicanos 6.50% 3/13/2027		1,000		937
Petroleos Mexicanos 8.75% 6/2/2029		14,784		14,285
Petroleos Mexicanos 6.70% 2/16/2032		2,837		2,322
Raizen Fuels Finance SA 6.45% 3/5/20341		515		513
Raizen Fuels Finance SA 6.95% 3/5/20541		820		799
Range Resources Corp. 4.75% 2/15/20301		445		410
Sabine Pass Liquefaction, LLC 5.625% 3/1/2025		6,450		6,432
Southwestern Energy Co. 8.375% 9/15/2028		320		331
Southwestern Energy Co. 5.375% 2/1/2029		3,705		3,557
Southwestern Energy Co. 5.375% 3/15/2030		975		927
Southwestern Energy Co. 4.75% 2/1/2032		550		496
Sunoco, LP 6.00% 4/15/2027		1,000		989
Sunoco, LP 7.00% 9/15/20281		2,000		2,030
Sunoco, LP 7.00% 5/1/20291		2,600		2,643
Sunoco, LP 4.50% 5/15/2029		1,700		1,553
Sunoco, LP 7.25% 5/1/20321		1,080		1,098
Tallgrass Energy Partners, LP 7.50% 10/1/20251		1,000		1,006
Talos Production, Inc. 9.00% 2/1/20291		235		248
Talos Production, Inc. 9.375% 2/1/20311		145		155
TransCanada Pipelines, Ltd. 4.10% 4/15/2030		11,939		11,008
TransCanada Pipelines, Ltd. (3-month USD CME Term SOFR + 2.472%) 7.779% 5/16/20678		1,000		882
Transportadora de Gas del Perú SA 4.25% 4/30/20281		872		842
USA Compression Partners, LP 7.125% 3/15/20291		3,020		3,003
Vallourec SA 7.50% 4/15/20321		3,030		3,059
Venture Global Calcasieu Pass, LLC 6.25% 1/15/20301		3,161		3,128
Venture Global Calcasieu Pass, LLC 4.125% 8/15/20311		3,485		3,044
Venture Global Calcasieu Pass, LLC 3.875% 11/1/20331		5,000		4,109
Venture Global LNG, Inc. 8.125% 6/1/20281		2,000		2,047
Venture Global LNG, Inc. 8.375% 6/1/20311		1,240		1,273
Weatherford International, Ltd. 8.625% 4/30/20301		3,000		3,117

22 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Energy (continued)
Western Midstream Operating, LP 3.10% 2/1/202510	USD	2,016	$	1,972
Western Midstream Operating, LP 3.95% 6/1/2025		1,520		1,490
Williams Companies, Inc. 5.15% 3/15/2034		5,819		5,559
				422,122
Health care 0.32%
AbbVie, Inc. 4.80% 3/15/2029		2,000		1,964
AbbVie, Inc. 3.20% 11/21/2029		350		316
AbbVie, Inc. 4.95% 3/15/2031		1,155		1,133
AbbVie, Inc. 5.05% 3/15/2034		9,375		9,147
AbbVie, Inc. 5.35% 3/15/2044		925		895
AbbVie, Inc. 5.40% 3/15/2054		5,600		5,426
AbbVie, Inc. 5.50% 3/15/2064		1,275		1,230
Amgen, Inc. 5.507% 3/2/2026		2,000		1,995
Amgen, Inc. 5.15% 3/2/2028		2,899		2,874
Amgen, Inc. 4.05% 8/18/2029		750		706
Amgen, Inc. 5.25% 3/2/2030		2,950		2,925
Amgen, Inc. 4.20% 3/1/2033		8,000		7,246
Amgen, Inc. 5.25% 3/2/2033		5,635		5,515
Amgen, Inc. 5.60% 3/2/2043		6,000		5,789
Amgen, Inc. 4.40% 5/1/2045		2,000		1,642
Amgen, Inc. 4.875% 3/1/2053		4,893		4,195
Amgen, Inc. 5.65% 3/2/2053		2,839		2,726
Amgen, Inc. 5.75% 3/2/2063		4,743		4,535
AstraZeneca Finance, LLC 4.875% 3/3/2028		3,000		2,965
AstraZeneca Finance, LLC 4.90% 2/26/2031		625		613
AstraZeneca Finance, LLC 5.00% 2/26/2034		3,325		3,236
Bausch Health Companies, Inc. 5.50% 11/1/20251		3,000		2,797
Bausch Health Companies, Inc. 6.125% 2/1/20271		1,000		733
Baxter International, Inc. 2.272% 12/1/2028		1,342		1,162
Baxter International, Inc. 2.539% 2/1/2032		2,681		2,149
Baxter International, Inc. 3.132% 12/1/2051		2,500		1,539
Bayer US Finance, LLC 6.50% 11/21/20331		1,726		1,721
Bayer US Finance, LLC 6.875% 11/21/20531		241		238
Bristol-Myers Squibb Co. 4.90% 2/22/2029		4,000		3,941
Bristol-Myers Squibb Co. 5.10% 2/22/2031		3,025		2,978
Bristol-Myers Squibb Co. 5.20% 2/22/2034		12,900		12,639
Bristol-Myers Squibb Co. 5.50% 2/22/2044		325		316
Bristol-Myers Squibb Co. 5.55% 2/22/2054		11,425		11,034
Bristol-Myers Squibb Co. 5.65% 2/22/2064		3,275		3,137
Catalent Pharma Solutions, Inc. 5.00% 7/15/20271		1,000		984
Catalent Pharma Solutions, Inc. 3.125% 2/15/20291		850		812
Catalent Pharma Solutions, Inc. 3.50% 4/1/20301		4,620		4,400
Catalent Pharma Solutions, Inc., Term Loan B4, (3-month USD CME Term SOFR + 3.00%) 8.315% 2/22/20288,12		579		582
Centene Corp. 2.45% 7/15/2028		10,355		9,048
Centene Corp. 3.375% 2/15/2030		5,344		4,660
Centene Corp. 3.00% 10/15/2030		2,590		2,173
Centene Corp. 2.625% 8/1/2031		3,950		3,164
Cigna Group (The) 5.25% 2/15/2034		4,000		3,856
Cigna Group (The) 4.80% 8/15/2038		1,000		896
CVS Health Corp. 5.25% 1/30/2031		2,000		1,963
CVS Health Corp. 5.25% 2/21/2033		650		628
CVS Health Corp. 5.30% 6/1/2033		4,000		3,869
CVS Health Corp. 5.625% 2/21/2053		4,000		3,692
CVS Health Corp. 5.875% 6/1/2053		533		508
CVS Health Corp. 6.00% 6/1/2063		410		393
DaVita, Inc. 3.75% 2/15/20311		1,000		825
Elevance Health, Inc. 2.375% 1/15/2025		1,534		1,499
Gilead Sciences, Inc. 1.65% 10/1/2030		300		241
Gilead Sciences, Inc. 5.25% 10/15/2033		350		345
Gilead Sciences, Inc. 2.80% 10/1/2050		935		570
Gilead Sciences, Inc. 5.55% 10/15/2053		1,253		1,217
HCA, Inc. 4.125% 6/15/2029		8,450		7,854
HCA, Inc. 3.50% 9/1/2030		1,000		882
Humana, Inc. 5.375% 4/15/2031		1,127		1,099
Humana, Inc. 5.75% 4/15/2054		2,333		2,194

Capital Income Builder 23

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Health care (continued)
IQVIA, Inc. 6.50% 5/15/20301	USD	3,000	$	3,017
Laboratory Corporation of America Holdings 4.70% 2/1/2045		6,900		5,895
Medline Borrower, LP 6.25% 4/1/20291		3,030		3,014
Merck & Co., Inc. 4.90% 5/17/2044		3,000		2,757
Merck & Co., Inc. 5.00% 5/17/2053		1,580		1,452
Molina Healthcare, Inc. 4.375% 6/15/20281		6,000		5,570
Molina Healthcare, Inc. 3.875% 5/15/20321		10,000		8,376
Owens & Minor, Inc., Term Loan B-1, (3-month USD CME Term SOFR + 3.75%) 9.166% 3/29/20298,12		2,872		2,895
Perrigo Finance Unlimited Co. 4.375% 3/15/2026		2,500		2,418
Pfizer Investment Enterprises Pte., Ltd. 4.65% 5/19/2030		1,500		1,451
Pfizer Investment Enterprises Pte., Ltd. 4.75% 5/19/2033		4,885		4,656
Pfizer Investment Enterprises Pte., Ltd. 5.11% 5/19/2043		3,000		2,794
Pfizer Investment Enterprises Pte., Ltd. 5.30% 5/19/2053		6,232		5,816
Pfizer Investment Enterprises Pte., Ltd. 5.34% 5/19/2063		2,000		1,836
Roche Holdings, Inc. 5.593% 11/13/20331		1,218		1,238
Shire Acquisitions Investments Ireland DAC 3.20% 9/23/2026		25,483		24,201
Tenet Healthcare Corp. 5.125% 11/1/2027		1,000		968
Tenet Healthcare Corp. 6.75% 5/15/20311		3,000		3,010
Teva Pharmaceutical Finance Netherlands III BV 7.125% 1/31/2025		2,500		2,509
Teva Pharmaceutical Finance Netherlands III BV 3.15% 10/1/2026		7,160		6,640
Teva Pharmaceutical Finance Netherlands III BV 4.75% 5/9/2027		4,985		4,774
Teva Pharmaceutical Finance Netherlands III BV 6.75% 3/1/2028		27,805		28,249
Teva Pharmaceutical Finance Netherlands III BV 5.125% 5/9/2029		8,565		8,120
Teva Pharmaceutical Finance Netherlands III BV 7.875% 9/15/2029		2,863		3,009
Teva Pharmaceutical Finance Netherlands III BV 8.125% 9/15/2031		2,553		2,758
Teva Pharmaceutical Finance Netherlands III BV 4.10% 10/1/2046		30,474		20,343
UnitedHealth Group, Inc. 2.375% 8/15/2024		2,940		2,913
				330,490
Consumer discretionary 0.32%
1011778 B.C. Unlimited Liability Co. 3.875% 1/15/20281		2,000		1,847
Advance Auto Parts, Inc. 5.90% 3/9/2026		500		499
Advance Auto Parts, Inc. 5.95% 3/9/2028		2,623		2,593
Advance Auto Parts, Inc. 3.90% 4/15/2030		5,571		4,976
Advance Auto Parts, Inc. 3.50% 3/15/2032		4,057		3,388
Alibaba Group Holding, Ltd. 2.70% 2/9/2041		1,000		665
Allwyn Entertainment Financing (UK) PLC 7.875% 4/30/20291		1,000		1,024
AutoNation, Inc. 3.85% 3/1/2032		5,750		4,975
BMW US Capital, LLC 5.15% 8/11/20331		1,000		981
Caesars Entertainment, Inc. 6.50% 2/15/20321		4,040		3,983
Carnival Corp. 4.00% 8/1/20281		7,000		6,405
Carnival Corp. 6.00% 5/1/20291		990		960
Carnival Corp. 7.00% 8/15/20291		8,965		9,209
Carnival Corp. 10.50% 6/1/20301		545		592
Carnival Corp., Term Loan, (3-month USD CME Term SOFR + 3.00%) 8.319% 8/9/20278,12		4,962		4,991
Daimler Trucks Finance North America, LLC 1.625% 12/13/20241		18,450		17,987
Ford Motor Co. 4.75% 1/15/2043		11,575		9,119
Ford Motor Co. 5.291% 12/8/2046		12,438		10,465
Ford Motor Credit Co., LLC 3.664% 9/8/2024		1,785		1,770
Ford Motor Credit Co., LLC 2.30% 2/10/2025		21,580		20,974
Ford Motor Credit Co., LLC 5.125% 6/16/2025		17,381		17,202
Ford Motor Credit Co., LLC 4.134% 8/4/2025		1,755		1,712
Ford Motor Credit Co., LLC 3.375% 11/13/2025		2,010		1,930
Ford Motor Credit Co., LLC 6.95% 3/6/2026		200		203
Ford Motor Credit Co., LLC 6.95% 6/10/2026		2,200		2,234
Ford Motor Credit Co., LLC 2.70% 8/10/2026		3,790		3,520
Ford Motor Credit Co., LLC 4.95% 5/28/2027		19,230		18,582
Ford Motor Credit Co., LLC 2.90% 2/16/2028		1,000		890
Ford Motor Credit Co., LLC 6.80% 5/12/2028		200		204
Ford Motor Credit Co., LLC 6.798% 11/7/2028		1,780		1,820
Ford Motor Credit Co., LLC 2.90% 2/10/2029		8,995		7,769
Ford Motor Credit Co., LLC 5.80% 3/8/2029		4,849		4,767
Ford Motor Credit Co., LLC 7.20% 6/10/2030		6,950		7,204
Ford Motor Credit Co., LLC 7.122% 11/7/2033		973		1,013
Ford Otomotiv Sanayi AS 7.125% 4/25/20291		4,080		4,085

24 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Consumer discretionary (continued)
General Motors Financial Co., Inc. 5.80% 1/7/2029	USD	750	$	748
Grand Canyon University 4.125% 10/1/2024		20,000		19,640
Grand Canyon University 4.375% 10/1/2026		3,000		2,955
Hanesbrands, Inc. 4.875% 5/15/20261		1,000		968
Hanesbrands, Inc. 9.00% 2/15/20311		1,535		1,529
Hanesbrands, Inc., Term Loan B, (3-month USD CME Term SOFR + 3.75%) 9.066% 3/8/20308,12		2,117		2,122
Hilton Domestic Operating Co., Inc. 4.00% 5/1/20311		1,000		877
Home Depot, Inc. 2.95% 6/15/2029		4,775		4,307
Hyundai Capital America 5.60% 3/30/20281		3,000		2,984
Hyundai Capital America 6.10% 9/21/20281		2,750		2,783
Hyundai Capital America 5.35% 3/19/20291		3,000		2,949
Hyundai Capital America 5.80% 4/1/20301		1,358		1,358
LCM Investments Holdings II, LLC 8.25% 8/1/20311		1,105		1,149
Lithia Motors, Inc. 3.875% 6/1/20291		2,000		1,768
McDonald’s Corp. 3.70% 1/30/2026		7,015		6,824
McDonald’s Corp. 2.125% 3/1/2030		4,136		3,480
McDonald’s Corp. 4.95% 8/14/2033		1,000		967
McDonald’s Corp. 4.45% 3/1/2047		2,100		1,730
McDonald’s Corp. 5.15% 9/9/2052		1,000		913
McDonald’s Corp. 5.45% 8/14/2053		3,000		2,861
Melco Resorts Finance, Ltd. 4.875% 6/6/20251		4,000		3,899
Melco Resorts Finance, Ltd. 4.875% 6/6/2025		1,000		975
Melco Resorts Finance, Ltd. 5.25% 4/26/20261		1,000		961
Melco Resorts Finance, Ltd. 5.75% 7/21/20281		1,000		928
Melco Resorts Finance, Ltd. 5.375% 12/4/20291		4,000		3,580
Melco Resorts Finance, Ltd. 7.625% 4/17/20321		1,560		1,528
MGM Resorts International 6.75% 5/1/2025		1,500		1,499
MGM Resorts International 5.75% 6/15/2025		2,000		1,990
QVC, Inc. 4.45% 2/15/2025		2,000		1,944
Royal Caribbean Cruises, Ltd. 4.25% 7/1/20261		2,825		2,715
Royal Caribbean Cruises, Ltd. 8.25% 1/15/20291		13,558		14,314
Royal Caribbean Cruises, Ltd. 9.25% 1/15/20291		1,000		1,069
Royal Caribbean Cruises, Ltd. 7.25% 1/15/20301		3,631		3,736
Royal Caribbean Cruises, Ltd. 6.25% 3/15/20321		3,000		2,959
Sands China, Ltd. 5.125% 8/8/2025		8,000		7,917
Sands China, Ltd. 5.40% 8/8/2028		500		484
Sands China, Ltd. 2.85% 3/8/2029		10,000		8,599
Sonic Automotive, Inc. 4.625% 11/15/20291		1,215		1,089
Sonic Automotive, Inc. 4.875% 11/15/20311		3,030		2,647
Tapestry, Inc. 7.85% 11/27/2033		1,464		1,530
Wyndham Hotels & Resorts, Inc. 4.375% 8/15/20281		2,000		1,835
Wynn Macau, Ltd. 5.50% 1/15/20261		3,000		2,914
Wynn Macau, Ltd. 5.125% 12/15/20291		1,000		884
Wynn Resorts Finance, LLC 5.125% 10/1/20291		1,500		1,393
YUM! Brands, Inc. 4.75% 1/15/20301		3,000		2,810
YUM! Brands, Inc. 3.625% 3/15/2031		3,000		2,595
ZF North America Capital, Inc. 6.875% 4/23/20321		2,060		2,083
				322,327
Communication services 0.29%
América Móvil, SAB de CV 4.70% 7/21/2032		2,500		2,340
América Móvil, SAB de CV 8.46% 12/18/2036	MXN	147,200		7,184
AT&T, Inc. 2.55% 12/1/2033	USD	5,181		4,001
AT&T, Inc. 5.40% 2/15/2034		1,000		977
AT&T, Inc. 3.50% 9/15/2053		5,957		3,930
Carnival Holdings Bermuda, Ltd. 10.375% 5/1/20281		1,000		1,085
CCO Holdings, LLC 5.125% 5/1/20271		8,000		7,505
CCO Holdings, LLC 5.00% 2/1/20281		6,000		5,469
CCO Holdings, LLC 6.375% 9/1/20291		1,525		1,399
CCO Holdings, LLC 4.75% 3/1/20301		1,475		1,227
CCO Holdings, LLC 4.50% 8/15/20301		3,950		3,213
CCO Holdings, LLC 4.75% 2/1/20321		3,000		2,362
CCO Holdings, LLC 4.50% 6/1/20331		22,425		16,883
CCO Holdings, LLC 4.25% 1/15/20341		21,575		15,652
Charter Communications Operating, LLC 2.80% 4/1/2031		450		358
Charter Communications Operating, LLC 3.50% 3/1/2042		5,675		3,592

Capital Income Builder 25

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Communication services (continued)
Charter Communications Operating, LLC 6.484% 10/23/2045	USD	300	$	266
Charter Communications Operating, LLC 3.70% 4/1/2051		4,000		2,342
Charter Communications Operating, LLC 3.90% 6/1/2052		3,000		1,805
Comcast Corp. 2.65% 2/1/2030		20,000		17,346
Connect Finco SARL 6.75% 10/1/20261		7,000		6,786
DIRECTV Financing, LLC 5.875% 8/15/20271		4,000		3,732
Discovery Communications, LLC 4.90% 3/11/2026		3,000		2,952
DISH Network Corp. 11.75% 11/15/20271		1,925		1,942
Embarq Corp. 7.995% 6/1/2036		725		297
Frontier Communications Holdings, LLC 5.875% 11/1/2029		731		612
Gray Television, Inc. 5.875% 7/15/20261		3,000		2,895
Gray Television, Inc. 7.00% 5/15/20271		5,000		4,554
Meta Platforms, Inc. 4.45% 8/15/2052		5,500		4,582
SBA Tower Trust 1.631% 11/15/20261		22,469		20,010
Scripps Escrow II, Inc. 3.875% 1/15/20291		1,250		925
Sirius XM Radio, Inc. 3.125% 9/1/20261		1,000		932
Sirius XM Radio, Inc. 5.00% 8/1/20271		2,000		1,891
Sirius XM Radio, Inc. 4.00% 7/15/20281		7,775		6,938
Sirius XM Radio, Inc. 3.875% 9/1/20311		2,850		2,295
Sprint Capital Corp. 6.875% 11/15/2028		32,170		33,715
Sprint Capital Corp. 8.75% 3/15/2032		8,710		10,291
Tencent Holdings, Ltd. 3.84% 4/22/2051		1,000		716
T-Mobile USA, Inc. 3.50% 4/15/2025		6,550		6,414
T-Mobile USA, Inc. 3.75% 4/15/2027		10,000		9,531
T-Mobile USA, Inc. 4.80% 7/15/2028		2,000		1,950
T-Mobile USA, Inc. 3.875% 4/15/2030		8,975		8,216
T-Mobile USA, Inc. 2.875% 2/15/2031		15,000		12,772
T-Mobile USA, Inc. 3.50% 4/15/2031		10,000		8,808
T-Mobile USA, Inc. 5.05% 7/15/2033		494		473
T-Mobile USA, Inc. 3.00% 2/15/2041		4,200		2,938
T-Mobile USA, Inc. 3.30% 2/15/2051		5,000		3,285
T-Mobile USA, Inc. 3.40% 10/15/2052		7,200		4,761
T-Mobile USA, Inc. 6.00% 6/15/2054		3,048		3,070
Verizon Communications, Inc. 1.75% 1/20/2031		2,000		1,580
Verizon Communications, Inc. 2.55% 3/21/2031		12,265		10,184
Verizon Communications, Inc. 2.355% 3/15/2032		11,186		8,929
Verizon Communications, Inc. 2.875% 11/20/2050		4,250		2,590
WMG Acquisition Corp. 3.75% 12/1/20291		2,000		1,761
				292,263
Utilities 0.28%
AES Andes SA 6.30% 3/15/20291		3,000		2,960
AES Panama Generation Holdings, SRL 4.375% 5/31/20301		1,075		905
Alabama Power Co. 3.94% 9/1/2032		2,500		2,260
Alabama Power Co. 5.85% 11/15/2033		825		842
Alfa Desarrollo SpA 4.55% 9/27/20511		2,825		2,061
Alliant Energy Finance, LLC 3.60% 3/1/20321		750		637
Ameren Corp. 2.50% 9/15/2024		1,616		1,595
Berkshire Hathaway Energy Co. 4.60% 5/1/2053		2,000		1,620
Commonwealth Edison Co. 2.95% 8/15/2027		2,450		2,276
Consumers Energy Co. 3.60% 8/15/2032		850		749
Consumers Energy Co. 4.625% 5/15/2033		2,025		1,903
Consumers Energy Co. 3.10% 8/15/2050		10,000		6,625
DTE Electric Co. 5.20% 4/1/2033		3,000		2,946
DTE Electric Co. 3.65% 3/1/2052		1,500		1,068
Duke Energy Corp. 6.10% 9/15/2053		750		749
Edison International 4.70% 8/15/2025		2,000		1,970
Edison International 5.75% 6/15/2027		800		800
Edison International 4.125% 3/15/2028		1,000		941
Edison International 5.25% 11/15/2028		3,000		2,938
Edison International 6.95% 11/15/2029		450		473
Edison International 5.00% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 3.901% on 3/15/2027)10		3,000		2,827
Electricité de France SA 5.65% 4/22/20291		3,000		2,992
Electricité de France SA 9.125% junior subordinated perpetual bonds (5-year UST Yield Curve Rate T Note Constant Maturity + 5.411% on 6/15/2033)1,10		2,750		2,993
Emera, Inc. 6.75% 6/15/2076 (3-month USD-LIBOR + 5.44% on 6/15/2026)10,15		15,349		15,232

26 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Utilities (continued)
Empresas Publicas de Medellin ESP 4.25% 7/18/2029	USD	1,713	$	1,462
Empresas Publicas de Medellin ESP 4.375% 2/15/20311		920		750
Enfragen Energia Sur SA 5.375% 12/30/2030		800		655
Entergy Louisiana, LLC 4.75% 9/15/2052		133		112
Eversource Energy 5.50% 1/1/2034		3,025		2,913
Exelon Corp. 4.45% 4/15/2046		8,115		6,577
FirstEnergy Corp. 2.05% 3/1/2025		1,502		1,452
FirstEnergy Corp. 1.60% 1/15/2026		2,600		2,417
FirstEnergy Corp. 2.65% 3/1/2030		2,875		2,426
FirstEnergy Corp. 2.25% 9/1/2030		5,637		4,564
FirstEnergy Corp. 3.40% 3/1/2050		16,075		10,330
FirstEnergy Corp., Series B, 4.15% 7/15/2027		26,764		25,236
Florida Power & Light Co. 5.10% 4/1/2033		2,115		2,064
Florida Power & Light Co. 5.30% 4/1/2053		1,368		1,298
Georgia Power Co. 4.95% 5/17/2033		2,075		1,977
Light Servicos de Eletricidade SA 4.375% 6/18/202613		1,300		667
MidAmerican Energy Co. 5.35% 1/15/2034		450		449
MidAmerican Energy Co. 5.85% 9/15/2054		3,900		3,927
Pacific Gas and Electric Co. 3.40% 8/15/2024		3,665		3,635
Pacific Gas and Electric Co. 3.15% 1/1/2026		1,365		1,305
Pacific Gas and Electric Co. 2.95% 3/1/2026		12,987		12,330
Pacific Gas and Electric Co. 3.30% 3/15/2027		1,749		1,641
Pacific Gas and Electric Co. 3.00% 6/15/2028		676		608
Pacific Gas and Electric Co. 4.65% 8/1/2028		2,500		2,375
Pacific Gas and Electric Co. 5.55% 5/15/2029		3,000		2,968
Pacific Gas and Electric Co. 4.55% 7/1/2030		1,100		1,022
Pacific Gas and Electric Co. 2.50% 2/1/2031		19,190		15,568
Pacific Gas and Electric Co. 6.40% 6/15/2033		2,100		2,138
Pacific Gas and Electric Co. 5.80% 5/15/2034		4,225		4,127
Pacific Gas and Electric Co. 4.95% 7/1/2050		12,879		10,484
Pacific Gas and Electric Co. 3.50% 8/1/2050		23,093		14,823
Pacific Gas and Electric Co. 6.70% 4/1/2053		124		128
PacifiCorp 5.30% 2/15/2031		2,100		2,053
PacifiCorp 5.45% 2/15/2034		1,850		1,777
PacifiCorp 4.15% 2/15/2050		475		355
PacifiCorp 3.30% 3/15/2051		650		406
PacifiCorp 2.90% 6/15/2052		249		141
PacifiCorp 5.35% 12/1/2053		4,350		3,802
PacifiCorp 5.50% 5/15/2054		8,925		7,982
PacifiCorp 5.80% 1/15/2055		10,650		9,834
PG&E Corp. 5.00% 7/1/2028		4,595		4,382
PG&E Corp. 5.25% 7/1/2030		4,890		4,583
Public Service Company of Colorado 5.35% 5/15/2034		1,877		1,830
Public Service Company of Colorado 5.75% 5/15/2054		1,700		1,651
Public Service Electric and Gas Co. 3.20% 5/15/2029		4,000		3,626
Public Service Electric and Gas Co. 2.45% 1/15/2030		2,996		2,569
Public Service Electric and Gas Co. 3.20% 8/1/2049		3,300		2,207
Southern California Edison Co. 5.20% 6/1/2034		4,100		3,913
Southern California Edison Co. 3.60% 2/1/2045		4,463		3,184
Southern California Edison Co. 4.00% 4/1/2047		6,667		4,995
Southern California Edison Co. 4.125% 3/1/2048		6,667		5,085
Southern California Edison Co. 3.65% 2/1/2050		300		209
Southern California Edison Co. 2.95% 2/1/2051		2,851		1,745
Southern California Edison Co. 3.45% 2/1/2052		18		12
Southern California Edison Co. 5.75% 4/15/2054		1,050		1,009
Venture Global Calcasieu Pass, LLC 3.875% 8/15/20291		4,930		4,360
Xcel Energy, Inc. 2.60% 12/1/2029		2,275		1,951
Xcel Energy, Inc. 4.60% 6/1/2032		650		597
Xcel Energy, Inc. 5.45% 8/15/2033		4,875		4,713
Xcel Energy, Inc. 3.50% 12/1/2049		350		233
				281,994
Industrials 0.22%
ADT Security Corp. 4.125% 8/1/20291		1,000		905
Allison Transmission, Inc. 3.75% 1/30/20311		2,650		2,271
Ambipar Lux SARL 9.875% 2/6/20311		649		643
BAE Systems PLC 5.00% 3/26/20271		3,000		2,957

Capital Income Builder 27

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Industrials (continued)
BAE Systems PLC 5.125% 3/26/20291	USD	678	$	666
BAE Systems PLC 5.25% 3/26/20311		346		339
BAE Systems PLC 5.30% 3/26/20341		4,473		4,345
BAE Systems PLC 5.50% 3/26/20541		863		825
BNSF Funding Trust I, junior subordinated, 6.613% 12/15/2055 (3-month USD-LIBOR + 2.35% on 1/15/2026)10,15		6,700		6,637
Boeing Co. 4.875% 5/1/2025		4,500		4,445
Boeing Co. 6.259% 5/1/20271		856		859
Boeing Co. 3.25% 2/1/2028		500		452
Boeing Co. 6.298% 5/1/20291		1,022		1,027
Boeing Co. 5.15% 5/1/2030		4,917		4,652
Boeing Co. 3.625% 2/1/2031		4,055		3,486
Boeing Co. 6.388% 5/1/20311		735		739
Boeing Co. 3.60% 5/1/2034		5,000		3,964
Boeing Co. 6.528% 5/1/20341		1,055		1,064
Boeing Co. 5.705% 5/1/2040		9,000		8,177
Boeing Co. 5.805% 5/1/2050		6,263		5,547
Boeing Co. 6.858% 5/1/20541		1,679		1,687
Boeing Co. 5.93% 5/1/2060		4,000		3,500
Boeing Co. 7.008% 5/1/20641		913		916
Burlington Northern Santa Fe, LLC 3.30% 9/15/2051		1,157		785
Canadian Pacific Railway Co. 3.10% 12/2/2051		11,682		7,506
Carrier Global Corp. 2.722% 2/15/2030		12,472		10,767
Carrier Global Corp. 2.70% 2/15/2031		547		461
Carrier Global Corp. 5.90% 3/15/2034		2,524		2,580
Carrier Global Corp. 3.377% 4/5/2040		5,000		3,752
Carrier Global Corp. 3.577% 4/5/2050		2,683		1,896
Carrier Global Corp. 6.20% 3/15/2054		4,107		4,286
CSX Corp. 2.40% 2/15/2030		7,186		6,154
CSX Corp. 4.50% 11/15/2052		3,000		2,516
GFL Environmental, Inc. 6.75% 1/15/20311		4,000		4,037
Honeywell International Inc. 4.50% 1/15/2034		350		329
Honeywell International, Inc. 5.25% 3/1/2054		300		285
Howmet Aerospace, Inc. 6.875% 5/1/2025		1,000		1,009
Howmet Aerospace, Inc. 5.90% 2/1/2027		1,000		1,005
Howmet Aerospace, Inc. 6.75% 1/15/2028		2,000		2,067
Howmet Aerospace, Inc. 5.95% 2/1/2037		3,000		3,003
Icahn Enterprises, LP 6.375% 12/15/2025		8,500		8,355
Icahn Enterprises, LP 9.75% 1/15/20291		2,000		2,077
Ingersoll-Rand, Inc. 5.40% 8/14/2028		1,261		1,258
Ingersoll-Rand, Inc. 5.70% 8/14/2033		160		159
IRB Infrastructure Developers, Ltd. 7.11% 3/11/20321		1,140		1,128
Lockheed Martin Corp. 5.20% 2/15/2064		663		616
Mileage Plus Holdings, LLC 6.50% 6/20/20271		2,467		2,473
Moog, Inc. 4.25% 12/9/20271		4,625		4,322
Movida Europe SA 7.85% 4/11/20291		2,500		2,336
Norfolk Southern Corp. 5.05% 8/1/2030		1,140		1,121
Norfolk Southern Corp. 4.45% 3/1/2033		447		416
Norfolk Southern Corp. 5.35% 8/1/2054		5,721		5,341
Northrop Grumman Corp. 4.70% 3/15/2033		1,730		1,640
Otis Worldwide Corp. 2.056% 4/5/2025		15,629		15,115
Prime Security Services Borrower, LLC 5.75% 4/15/20261		1,000		988
Regal Rexnord Corp. 6.30% 2/15/20301		2,500		2,512
Regal Rexnord Corp. 6.40% 4/15/20331		2,500		2,521
Rolls-Royce PLC 5.75% 10/15/20271		4,415		4,371
RTX Corp. 3.125% 5/4/2027		12,375		11,605
RTX Corp. 5.75% 1/15/2029		750		762
RTX Corp. 6.00% 3/15/2031		1,000		1,026
RTX Corp. 6.10% 3/15/2034		1,214		1,255
RTX Corp. 6.40% 3/15/2054		1,559		1,674
SkyMiles IP, Ltd. 4.75% 10/20/20281		1,840		1,782
SkyMiles IP, Ltd., Term Loan, (3-month USD CME Term SOFR + 3.75%) 9.075% 10/20/20278,12		858		886
Spirit AeroSystems, Inc. 9.375% 11/30/20291		10,000		10,828
Spirit AeroSystems, Inc., Term Loan, (3-month CME Term SOFR + 4.25%) 9.58% 1/15/20278,12		12,933		13,021
TransDigm, Inc. 6.375% 3/1/20291		2,000		1,987

28 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Industrials (continued)
Union Pacific Corp. 2.80% 2/14/2032	USD	1,500	$	1,266
Union Pacific Corp. 2.95% 3/10/2052		1,823		1,150
United Airlines, Inc. 4.375% 4/15/20261		1,080		1,040
United Airlines, Inc. 4.625% 4/15/20291		875		807
United Rentals (North America), Inc. 5.50% 5/15/2027		1,000		986
United Rentals (North America), Inc. 6.125% 3/15/20341		6,000		5,866
XPO, Inc. 6.25% 6/1/20281		3,000		2,994
				228,225
Consumer staples 0.12%
7-Eleven, Inc. 2.50% 2/10/20411		2,360		1,515
7-Eleven, Inc. 2.80% 2/10/20511		3,195		1,870
Albertsons Companies, Inc. 3.50% 3/15/20291		2,000		1,767
Albertsons Companies, Inc. 4.875% 2/15/20301		3,000		2,800
Altria Group, Inc. 4.40% 2/14/2026		1,173		1,150
Altria Group, Inc. 4.80% 2/14/2029		350		340
Altria Group, Inc. 6.875% 11/1/2033		750		793
Anheuser-Busch InBev Worldwide, Inc. 4.75% 1/23/2029		15,000		14,758
BAT Capital Corp. 4.70% 4/2/2027		7,862		7,663
BAT Capital Corp. 3.557% 8/15/2027		7,650		7,176
BAT Capital Corp. 6.343% 8/2/2030		728		747
BAT Capital Corp. 5.834% 2/20/2031		3,701		3,701
BAT Capital Corp. 6.421% 8/2/2033		2,038		2,095
BAT Capital Corp. 6.00% 2/20/2034		4,286		4,262
BAT Capital Corp. 4.39% 8/15/2037		1,300		1,068
BAT Capital Corp. 3.734% 9/25/2040		5,640		4,088
BAT Capital Corp. 7.079% 8/2/2043		1,187		1,231
BAT Capital Corp. 4.54% 8/15/2047		3,138		2,350
BAT Capital Corp. 4.758% 9/6/2049		2,361		1,824
BAT Capital Corp. 5.65% 3/16/2052		713		621
BAT Capital Corp. 7.081% 8/2/2053		5,470		5,730
Campbell Soup Co. 5.40% 3/21/2034		1,682		1,642
Conagra Brands, Inc. 5.30% 11/1/2038		739		677
Constellation Brands, Inc. 5.00% 2/2/2026		3,000		2,968
Constellation Brands, Inc. 4.35% 5/9/2027		1,919		1,859
Constellation Brands, Inc. 4.75% 5/9/2032		1,000		945
Coty, Inc. 5.00% 4/15/20261		3,500		3,436
Coty, Inc. 6.625% 7/15/20301		1,060		1,061
General Mills, Inc. 5.241% 11/18/2025		2,500		2,486
H.J. Heinz Co. 4.375% 6/1/2046		2,000		1,604
J. M. Smucker Co. (The) 6.20% 11/15/2033		3,469		3,585
J. M. Smucker Co. (The) 6.50% 11/15/2043		894		932
J. M. Smucker Co. (The) 6.50% 11/15/2053		4,880		5,133
Lamb Weston Holdings, Inc. 4.125% 1/31/20301		2,000		1,784
Lamb Weston Holdings, Inc. 4.375% 1/31/20321		2,000		1,735
MARB BondCo PLC 3.95% 1/29/20311		1,677		1,347
Minerva Luxembourg SA 8.875% 9/13/20331		1,725		1,770
NBM US Holdings, Inc. 6.625% 8/6/202916		2,683		2,623
Performance Food Group, Inc. 5.50% 10/15/20271		1,000		969
Philip Morris International, Inc. 5.50% 9/7/2030		2,350		2,346
Philip Morris International, Inc. 1.75% 11/1/2030		2,000		1,595
Philip Morris International, Inc. 5.75% 11/17/2032		751		756
Philip Morris International, Inc. 5.375% 2/15/2033		2,000		1,961
Philip Morris International, Inc. 5.625% 9/7/2033		2,500		2,487
Philip Morris International, Inc. 5.25% 2/13/2034		2,487		2,400
Post Holdings, Inc. 6.25% 2/15/20321		1,441		1,424
Reckitt Benckiser Treasury Services PLC 2.75% 6/26/20241		2,215		2,205
Reynolds American, Inc. 4.45% 6/12/2025		7,045		6,933
Reynolds American, Inc. 5.85% 8/15/2045		640		577
				126,789
Materials 0.11%
Alcoa Nederland Holding BV 4.125% 3/31/20291		2,000		1,830
Ardagh Metal Packaging Finance PLC 6.00% 6/15/20271		530		514
Ardagh Metal Packaging Finance PLC 3.25% 9/1/20281		1,470		1,275
Avient Corp. 5.75% 5/15/20251		1,000		996
Ball Corp. 6.00% 6/15/2029		2,000		1,992

Capital Income Builder 29

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Materials (continued)
BHP Billiton Finance (USA), Ltd. 4.90% 2/28/2033	USD	665	$	639
BHP Billiton Finance (USA), Ltd. 5.25% 9/8/2033		1,301		1,276
BHP Billiton Finance (USA), Ltd. 5.50% 9/8/2053		793		767
Braskem Idesa SAPI 7.45% 11/15/20291		2,002		1,583
Braskem Netherlands Finance BV 4.50% 1/10/2028		600		536
Braskem Netherlands Finance BV 8.50% 1/12/20311		740		753
Braskem Netherlands Finance BV 8.50% 1/12/2031		400		407
Braskem Netherlands Finance BV 7.25% 2/13/2033		2,750		2,609
Braskem Netherlands Finance BV 7.25% 2/13/20331		1,270		1,205
CAN-PACK Spolka Akcyjna 3.875% 11/15/20291		1,500		1,316
Celanese US Holdings, LLC 6.35% 11/15/2028		2,314		2,351
Celanese US Holdings, LLC 6.379% 7/15/2032		1,624		1,642
Celanese US Holdings, LLC 6.70% 11/15/2033		1,651		1,705
Cleveland-Cliffs, Inc. 5.875% 6/1/2027		6,000		5,942
Consolidated Energy Finance SA 6.50% 5/15/20261		1,000		954
Consolidated Energy Finance SA 5.625% 10/15/20281		1,000		846
Consolidated Energy Finance SA 12.00% 2/15/20311		5,500		5,699
Dow Chemical Co. (The) 5.15% 2/15/2034		5,854		5,632
Dow Chemical Co. (The) 5.55% 11/30/2048		526		491
Dow Chemical Co. (The) 6.90% 5/15/2053		231		254
Dow Chemical Co. (The) 5.60% 2/15/2054		6,013		5,693
Eastman Chemical Co. 5.625% 2/20/2034		2,868		2,793
EIDP, Inc. 4.80% 5/15/2033		1,250		1,191
FMG Resources (August 2006) Pty, Ltd. 4.375% 4/1/20311		2,500		2,204
International Flavors & Fragrances, Inc. 2.30% 11/1/20301		2,600		2,110
International Flavors & Fragrances, Inc. 3.468% 12/1/20501		1,000		633
LYB International Finance III, LLC 4.20% 5/1/2050		2,000		1,489
LYB International Finance III, LLC 3.625% 4/1/2051		4,001		2,694
Methanex Corp. 5.125% 10/15/2027		3,000		2,888
Mineral Resources, Ltd. 8.125% 5/1/20271		1,000		1,011
Mineral Resources, Ltd. 8.00% 11/1/20271		2,075		2,101
Mineral Resources, Ltd. 9.25% 10/1/20281		1,370		1,438
NOVA Chemicals Corp. 4.875% 6/1/20241		1,500		1,497
NOVA Chemicals Corp. 5.25% 6/1/20271		4,840		4,558
NOVA Chemicals Corp. 8.50% 11/15/20281		570		600
NOVA Chemicals Corp. 4.25% 5/15/20291		6,500		5,447
NOVA Chemicals Corp. 9.00% 2/15/20301		1,440		1,486
Novelis Corp. 3.25% 11/15/20261		1,000		936
Novelis Corp. 3.875% 8/15/20311		1,000		848
OCI NV 6.70% 3/16/20331		5,195		4,993
Sasol Financing USA, LLC 8.75% 5/3/20291		3,500		3,522
Sasol Financing USA, LLC 8.75% 5/3/202916		750		755
Sealed Air Corp. 6.125% 2/1/20281		7,000		6,922
Sherwin-Williams Co. 3.45% 6/1/2027		5,851		5,526
Stillwater Mining Co. 4.00% 11/16/202616		400		358
Stillwater Mining Co. 4.50% 11/16/202916		600		473
Warrior Met Coal, Inc. 7.875% 12/1/20281		4,900		4,979
				112,359
Real estate 0.10%
Boston Properties, LP 2.55% 4/1/2032		1,208		925
Boston Properties, LP 2.45% 10/1/2033		2,358		1,709
Boston Properties, LP 6.50% 1/15/2034		2,395		2,395
Brandywine Operating Partnership, LP 8.875% 4/12/2029		640		656
Corp. Inmobiliaria Vesta, SAB de CV 3.625% 5/13/20311		980		835
Crown Castle, Inc. 5.00% 1/11/2028		1,408		1,373
Crown Castle, Inc. 5.80% 3/1/2034		3,012		2,985
Cushman & Wakefield U.S. Borrower, LLC, Term Loan B, (3-month USD CME Term SOFR + 3.75%) 9.066% 1/31/20308,12		1,995		2,003
Equinix, Inc. 2.90% 11/18/2026		6,572		6,142
Equinix, Inc. 0.25% 3/15/2027	EUR	1,420		1,364
Equinix, Inc. 1.00% 3/15/2033		1,580		1,311
FibraSOMA 4.375% 7/22/20311	USD	2,753		2,247
Forestar Group, Inc. 3.85% 5/15/20261		1,000		950
Forestar Group, Inc. 5.00% 3/1/20281		2,000		1,896
GLP Capital, LP 4.00% 1/15/2030		2,500		2,240
Highwoods Realty, LP 7.65% 2/1/2034		2,000		2,103

30 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Corporate bonds, notes & loans (continued)
Real estate (continued)
Howard Hughes Corp. (The) 5.375% 8/1/20281	USD	5,130	$	4,832
Howard Hughes Corp. (The) 4.125% 2/1/20291		335		296
Howard Hughes Corp. (The) 4.375% 2/1/20311		65		55
Iron Mountain, Inc. 4.875% 9/15/20271		3,000		2,865
Iron Mountain, Inc. 5.00% 7/15/20281		2,410		2,273
Iron Mountain, Inc. 4.50% 2/15/20311		955		843
Kennedy-Wilson, Inc. 4.75% 3/1/2029		3,150		2,608
Kennedy-Wilson, Inc. 4.75% 2/1/2030		310		246
Kennedy-Wilson, Inc. 5.00% 3/1/2031		2,315		1,801
Kilroy Realty, LP 6.25% 1/15/2036		1,048		985
Ladder Capital Finance Holdings LLLP 5.25% 10/1/20251		1,000		987
Ladder Capital Finance Holdings LLLP 4.25% 2/1/20271		2,244		2,080
Ladder Capital Finance Holdings LLLP 4.75% 6/15/20291		1,360		1,215
MPT Operating Partnership, LP 3.50% 3/15/2031		1,348		905
Prologis, LP 5.00% 3/15/2034		3,335		3,194
Prologis, LP 5.25% 3/15/2054		630		576
Public Storage Operating Co. 5.35% 8/1/2053		2,138		2,008
RLJ Lodging Trust, LP 3.75% 7/1/20261		1,000		942
Service Properties Trust 4.50% 3/15/2025		1,965		1,921
Service Properties Trust 7.50% 9/15/2025		11,906		12,005
Service Properties Trust 4.75% 10/1/2026		380		353
Service Properties Trust 4.95% 2/15/2027		558		514
Service Properties Trust 5.50% 12/15/2027		2,000		1,889
Service Properties Trust 3.95% 1/15/2028		5,110		4,364
Service Properties Trust 4.95% 10/1/2029		1,042		853
Service Properties Trust 4.375% 2/15/2030		60		46
Service Properties Trust 8.625% 11/15/20311		4,095		4,304
VICI Properties, LP 5.75% 2/1/20271		1,500		1,489
VICI Properties, LP 3.875% 2/15/20291		1,815		1,648
VICI Properties, LP 4.125% 8/15/20301		5,645		5,035
VICI Properties, LP 5.75% 4/1/2034		2,000		1,926
WEA Finance, LLC 3.50% 6/15/20291		2,083		1,821
				98,013
Information technology 0.08%
Broadcom, Inc. 3.469% 4/15/20341		3,500		2,901
Cisco Systems, Inc. 4.95% 2/26/2031		963		948
Cisco Systems, Inc. 5.05% 2/26/2034		356		349
Cisco Systems, Inc. 5.30% 2/26/2054		679		654
Cisco Systems, Inc. 5.35% 2/26/2064		879		837
Gartner, Inc. 4.50% 7/1/20281		3,000		2,824
Gartner, Inc. 3.625% 6/15/20291		3,000		2,687
Gen Digital, Inc. 6.75% 9/30/20271		2,000		2,009
Intel Corp. 5.15% 2/21/2034		1,617		1,559
Intel Corp. 5.60% 2/21/2054		927		873
Lenovo Group, Ltd. 5.875% 4/24/2025		38,190		38,169
Match Group Holdings II, LLC 4.125% 8/1/20301		1,000		867
Microchip Technology, Inc. 5.05% 3/15/2029		2,725		2,679
NCR Atleos Corp. 9.50% 4/1/20291		2,346		2,496
Oracle Corp. 3.60% 4/1/2050		2,500		1,692
Oracle Corp. 3.95% 3/25/2051		3,029		2,166
Oracle Corp. 5.55% 2/6/2053		6,016		5,533
Texas Instruments, Inc. 4.85% 2/8/2034		1,669		1,619
UKG, Inc. 6.875% 2/1/20311		925		927
Unisys Corp. 6.875% 11/1/20271		1,000		863
Viasat, Inc. 5.625% 9/15/20251		12,775		12,288
				84,940
Total corporate bonds, notes & loans				2,782,432
Asset-backed obligations 0.69%
Affirm, Inc., Series 2023-B, Class A, 6.82% 9/15/20281,7		1,000		1,011
Affirm, Inc., Series 2023-X1, Class A, 7.11% 11/15/20281,7		495		497
Affirm, Inc., Series 2024-X1, Class A, 6.27% 5/15/20291,7		294		295
American Credit Acceptance Receivables Trust, Series 2024-2, Class B, 6.10% 12/13/20271,7		410		410

Capital Income Builder 31

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
American Credit Acceptance Receivables Trust, Series 2023-2, Class D, 6.47% 8/13/20291,7	USD	473	$	470
AmeriCredit Automobile Receivables Trust, Series 2022-2, Class A2B, (30-day Average USD-SOFR + 1.15%) 6.48% 12/18/20257,8		470		470
Ares CLO, Ltd., Series 2019-52, Class A1R, (3-month USD CME Term SOFR + 1.312%) 6.636% 4/22/20311,7,8		1,000		1,002
Avis Budget Rental Car Funding (AESOP), LLC, Series 2019-2A, Class D, 3.04% 9/22/20251,7		4,167		4,128
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-1A, Class A, 2.33% 8/20/20261,7		12,814		12,356
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2, Class A, 2.02% 2/20/20271,7		9,090		8,553
Avis Budget Rental Car Funding (AESOP), LLC, Series 2020-2A, Class B, 2.96% 2/20/20271,7		1,383		1,313
Avis Budget Rental Car Funding (AESOP), LLC, Series 2023-6, Class A, 5.81% 12/20/20291,7		29,522		29,602
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class A, 2.56% 9/17/20311,7		7		7
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class B, 3.59% 9/17/20311,7		2,000		1,950
Bankers Healthcare Group Securitization Trust, Series 2020-A, Class C, 5.17% 9/17/20311,7		2,000		1,936
Blackbird Capital II Aircraft Lease, Ltd. / Blackbird Capital II Aircraft Lease US, LLC, Series 2021-1, Class B, 3.446% 7/15/20461,7		360		313
Bluemountain CLO Ltd., Series 2018-22, Class A1, (3-month USD CME Term SOFR + 1.342%) 6.67% 7/15/20311,7,8		1,146		1,148
Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class C, 5.65% 4/16/20297		247		245
Bridgecrest Lending Auto Securitization Trust, Series 2024-1, Class D, 6.03% 11/15/20297		479		476
CarMax Auto Owner Trust, Series 2022-3, Class A2B, (30-day Average USD-SOFR + 0.77%) 6.10% 9/15/20257,8		223		223
Castlelake Aircraft Securitization Trust, Series 2021-1, Class A, 2.868% 5/11/20371,7		2,621		2,305
Castlelake Aircraft Securitization Trust, Series 2017-1R, Class A, 2.741% 8/15/20411,7		185		172
CF Hippolyta, LLC, Series 2020-1, Class A1, 1.69% 7/15/20601,7		35,762		33,540
CF Hippolyta, LLC, Series 2020-1, Class A2, 1.99% 7/15/20601,7		5,706		4,902
CF Hippolyta, LLC, Series 2021-1, Class A1, 1.53% 3/15/20611,7		26,816		24,266
CF Hippolyta, LLC, Series 2022-1, Class A1, 5.97% 8/15/20621,7		44,524		43,479
CLI Funding V, LLC, Series 2020-2A, Class B, 3.56% 9/15/20451,7		225		203
CLI Funding VI, LLC, Series 2020-2A, Class A, 2.03% 9/15/20451,7		477		425
CLI Funding VI, LLC, Series 2020-1A, Class A, 2.08% 9/18/20451,7		643		572
CLI Funding VI, LLC, Series 2020-1A, Class B, 3.62% 9/18/20451,7		420		378
CPS Auto Receivables Trust, Series 2024-A, Class C, 5.74% 4/15/20301,7		100		99
CPS Auto Receivables Trust, Series 2024-A, Class D, 6.13% 4/15/20301,7		100		99
CWHEQ Revolving Home Equity Loan Trust, Series 2005-D, Class 2A, FSA insured, (1-month USD CME Term SOFR + 0.304%) 5.625% 11/15/20357,8		15		14
CWHEQ Revolving Home Equity Loan Trust, Series 2006-F, Class 2A1A, FSA insured, (1-month USD CME Term SOFR + 0.254%) 5.575% 7/15/20367,8		1,107		1,039
CWHEQ Revolving Home Equity Loan Trust, Series 2006-I, Class 2A, FSA insured, (1-month USD CME Term SOFR + 0.254%) 5.575% 1/15/20377,8		1,342		1,218
CWHEQ Revolving Home Equity Loan Trust, Series 2007-B, Class A, FSA insured, (1-month USD CME Term SOFR + 0.264%) 5.585% 2/15/20377,8		2,763		2,599
Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31% 3/15/20287		28,213		27,653
Drive Auto Receivables Trust, Series 2020-1, Class D, 2.70% 5/17/20277		2,292		2,289
Exeter Automobile Receivables Trust, Series 2020-1, Class D, 2.73% 12/15/20251,7		1,353		1,343
FirstKey Homes Trust, Series 2020-SFR2, Class A, 1.266% 10/19/20371,7		7,484		6,997
Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19% 7/15/20311,7		40,645		39,952
Ford Credit Auto Owner Trust, Series 2020-1, Class A, 2.04% 8/15/20311,7		9,089		8,838
Ford Credit Auto Owner Trust, Series 2023-2, Class A, 5.28% 2/15/20361,7		15,564		15,490
Ford Credit Floorplan Master Owner Trust, Series 2023-1, Class A1, 4.92% 5/15/20281,7		16,177		15,993
GCI Funding I, LLC, Series 2020-1, Class A, 2.82% 10/18/20451,7		39,358		35,410
GCI Funding I, LLC, Series 2021-1, Class A, 2.38% 6/18/20461,7		4,247		3,719
Global SC Finance V SRL, Series 2019-1A, Class B, 4.81% 9/17/20391,7		1,757		1,649
Global SC Finance V SRL, Series 2020-1A, Class A, 2.17% 10/17/20401,7		915		843
Global SC Finance V SRL, Series 2020-1A, Class B, 3.55% 10/17/20401,7		251		232
GLS Auto Receivables Trust, Series 2024-1, Class E, 7.94% 10/15/20301,7		915		900

32 Capital Income Builder

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Asset-backed obligations (continued)
GM Financial Consumer Automobile Receivables Trust, Series 2022-3, Class A2B, (30-day Average USD-SOFR + 0.60%) 5.93% 9/16/20257,8	USD	542	$	542
GM Financial Revolving Receivables Trust, Series 2023-1, Class A, 5.12% 4/11/20351,7		25,200		24,963
GM Financial Revolving Receivables Trust, Series 2022-1, Class A, 5.91% 10/11/20351,7		16,218		16,504
Hertz Vehicle Financing III, LLC, Series 2021-A, Class B, 9.44% 6/25/20251,2,7		1,780		1,780
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class A, 1.21% 12/26/20251,7		13,004		12,743
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class B, 1.56% 12/26/20251,7		4,878		4,780
Hertz Vehicle Financing III, LLC, Series 2021-1A, Class C, 2.05% 12/26/20251,7		779		764
Hertz Vehicle Financing III, LLC, Series 2022-1A, Class C, 2.63% 6/25/20261,7		1,164		1,121
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class A, 1.68% 12/27/20271,7		14,098		12,690
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class B, 2.12% 12/27/20271,7		5,267		4,756
Hertz Vehicle Financing III, LLC, Series 2021-2A, Class C, 2.52% 12/27/20271,7		826		748
Hertz Vehicle Financing III, LLC, Series 2022-2A, Class C, 2.95% 6/26/20281,7		2,012		1,802
ICG US CLO, Ltd., Series 2014-3A, Class A1RR, (3-month USD CME Term SOFR + 1.292%) 6.615% 4/25/20311,7,8		513		513
KKR Financial CLO Ltd., Series 9, Class AR2, (3-month USD CME Term SOFR + 1.212%) 6.54% 7/15/20301,7,8		493		492
Mission Lane Credit Card Master Trust, Series 2022-A, Class A, 6.92% 9/15/20271,7		2,097		2,097
Mission Lane Credit Card Master Trust, Series 2022-A, Class B, 9.20% 9/15/20271,7		100		100
Mission Lane Credit Card Master Trust, Series 2023-A, Class A, 7.23% 7/17/20281,7		5,560		5,590
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1, 8.25% 1/15/20282,7,16		1,501		1,500
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2, 8.73% 1/15/20282,7,16		240		240
Navient Student Loan Trust, Series 2021-A, Class A, 0.84% 5/15/20691,7		1,755		1,522
Navient Student Loan Trust, Series 2021-C, Class A, 1.06% 10/15/20691,7		12,868		11,175
Navigator Aircraft ABS, Ltd., Series 2021-1, Class A, 2.771% 11/15/20461,7		1,138		1,011
Navigator Aircraft ABS, Ltd., Series 2021-1, Class B, 3.571% 11/15/20461,7		776		679
Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36% 4/20/20621,7		13,751		12,357
Nelnet Student Loan Trust, Series 2021-B, Class AFX, 1.42% 4/20/20621,7		32,137		29,115
Nelnet Student Loan Trust, Series 2021-CA, Class C, 3.36% 4/20/20621,7		1,328		1,049
Nelnet Student Loan Trust, Series 2021-CA, Class D, 4.44% 4/20/20621,7		1,889		1,488
Nelnet Student Loan Trust, Series 2021-C, Class AFL, (1-month USD CME Term SOFR + 0.854%) 6.17% 4/20/20621,7,8		16,187		16,068
New Economy Assets Phase 1 Issuer, LLC, Series 2021-1, Class A1, 1.91% 10/20/20611,7		93,915		81,960
OnDeck Asset Securitization Trust, LLC, Series 2021-1A, Class A, 1.59% 5/17/20271,7		7,425		7,407
Oportun Funding, LLC, Series 2021-B, Class A, 1.47% 5/8/20311,7		5,757		5,439
Option One Mortgage Loan Trust, Series 2007-FXD2, Class IIA6, 5.68% 3/25/20377		543		447
PFS Financing Corp., Series 2023-B, Class A, 5.27% 5/15/20281,7		15,258		15,158
Santander Drive Auto Receivables Trust, Series 2022-5, Class B, 4.43% 3/15/20277		518		514
Santander Drive Auto Receivables Trust, Series 2022-7, Class B, 5.95% 1/17/20287		137		137
Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74% 10/15/20287		484		477
Santander Drive Auto Receivables Trust, Series 2022-3, Class C, 4.49% 8/15/20297		1,000		979
Santander Drive Auto Receivables Trust, Series 2022-7, Class C, 6.69% 3/17/20317		249		253
SFS Auto Receivables Securitization Trust, Series 2023-1, Class A2A, 5.89% 3/22/20271,7		4,059		4,062
SMB Private Education Loan Trust, Series 2021-A, Class APT2, 1.07% 1/15/20531,7		4,022		3,513
SOLRR Aircraft Aviation Holding, Ltd., Series 2021-1, Class A, 2.636% 10/15/20461,7		623		552
Sound Point CLO, Ltd., Series 2014-1R, Class A, (3-month USD CME Term SOFR + 1.412%) 6.739% 7/18/20311,7,8		971		973
Stonepeak Infrastructure Partners, Series 2021-1A, Class B, 3.821% 2/28/20331,7		709		648
SuttonPark Structured Settlements, Series 2021-1, Class A, 1.95% 9/15/20751,7		1,338		1,256
Sycamore Tree CLO, Ltd., Series 2024-5, Class A1, (3-month USD CME Term SOFR + 1.42%) 6.749% 4/20/20361,7,8		3,000		3,000
Textainer Marine Containers, Ltd., Series 2020-2A, Class A, 2.10% 9/20/20451,7		266		240
Textainer Marine Containers, Ltd., Series 2020-2A, Class B, 3.34% 9/20/20451,7		777		706
Toyota Auto Loan Extended Note Trust, Series 2020-1, Class A, 1.35% 5/25/20331,7		5,335		5,100
Toyota Auto Loan Extended Note Trust, Series 2021-1, Class A, 1.07% 2/27/20341,7,8		19,538		18,048
Toyota Auto Loan Extended Note Trust, Series 2023-1, Class A, 4.93% 6/25/20361,7		24,543		24,178
Toyota Auto Receivables Owner Trust, Series 2022-C, Class A2B, (30-day Average USD-SOFR + 0.57%) 5.90% 8/15/20257,8		388		388
Toyota Lease Owner Trust, Series 2023-A, Class A2, 5.30% 8/20/20251,7		3,698		3,694
Triton Container Finance VIII, LLC, Series 2020-1, Class A, 2.11% 9/20/20451,7		1,391		1,231
Triton Container Finance VIII, LLC, Series 2020-1, Class B, 3.74% 9/20/20451,7		556		501
United Auto Credit Securitization Trust, Series 2024-1, Class A, 6.17% 8/10/20261,7		273		273
Verizon Master Trust, Series 2022-7, Class A1A, 5.23% 11/22/2027 (5.98% on 11/20/2024)7,10		4,849		4,839
Total asset-backed obligations				697,185

Capital Income Builder 33

Bonds, notes & other debt instruments (continued)	Principal amount (000)		Value (000)
Bonds & notes of governments & government agencies outside the U.S. 0.14%
British Columbia (Province of) 4.20% 7/6/2033	USD	42,426	$	39,703
Colombia (Republic of) 8.00% 4/20/2033		2,500		2,555
Colombia (Republic of) 7.50% 2/2/2034		1,290		1,272
Colombia (Republic of) 8.00% 11/14/2035		1,485		1,501
MIC Capital Management (RSC) Seven, Ltd. 5.084% 5/22/20531		215		192
Panama (Republic of) 3.16% 1/23/2030		900		735
Panama (Republic of) 7.50% 3/1/2031		315		319
Panama (Republic of) 6.875% 1/31/2036		1,440		1,360
Panama (Republic of) 8.00% 3/1/2038		570		582
Panama (Republic of) 6.853% 3/28/2054		650		568
Panama (Republic of) 4.50% 4/1/2056		3,585		2,235
Panama (Republic of) 4.50% 1/19/2063		690		423
Peru (Republic of) 2.783% 1/23/2031		12,640		10,522
Peru (Republic of) 2.78% 12/1/2060		2,950		1,559
Peru (Republic of) 3.23% 7/28/2121		3,600		1,899
Portuguese Republic 5.125% 10/15/2024		41,500		41,386
Qatar (State of) 4.50% 4/23/20281		7,070		6,943
Qatar (State of) 5.103% 4/23/20481		4,800		4,444
Romania 3.50% 4/3/2034	EUR	1,770		1,575
Saudi Arabia (Kingdom of) 3.628% 4/20/20271	USD	5,000		4,775
Saudi Arabia (Kingdom of) 3.625% 3/4/20281		11,435		10,780
United Mexican States 6.00% 5/7/2036		1,820		1,756
United Mexican States 5.00% 4/27/2051		2,370		1,891
United Mexican States 6.338% 5/4/2053		3,995		3,726
United Mexican States 6.40% 5/7/2054		1,000		942
United Mexican States 3.75% 4/19/2071		2,550		1,520
Total bonds & notes of governments & government agencies outside the U.S.				145,163
Federal agency bonds & notes 0.04%
Fannie Mae 2.125% 4/24/202611		37,230		35,195
Municipals 0.03%
California 0.00%
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Asset-Backed Bonds, Series 2021-B, 2.746% 6/1/2034		1,580		1,291
Illinois 0.02%
G.O. Bonds, Pension Funding, Series 2003, 5.10% 6/1/2033		22,485		21,979
Ohio 0.00%
Cleveland-Cuyahoga Port Auth., Federal Lease Rev. Bonds (VA Cleveland Health Care Center Project), Series 2021, 4.425% 5/1/2031		4,740		4,029
Texas 0.01%
Grand Parkway Transportation Corp., Grand Parkway System Toll Rev. Ref. Bonds, Series 2020-B, 3.236% 10/1/2052		8,155		5,644
Washington 0.00%
Energy Northwest, Electric Rev. Bonds (Columbia Generating Station), Series 2015-B, 2.814% 7/1/2024		410		408
Total municipals				33,351
Total bonds, notes & other debt instruments (cost: $17,779,948,000)				16,791,503
Investment funds 2.39%		Shares
Capital Group Central Corporate Bond Fund6		299,139,305		2,429,011
Total Investment funds (cost: $2,980,983,000)				2,429,011

34 Capital Income Builder

Short-term securities 3.88%	Shares		Value (000)
Money market investments 3.69%
Capital Group Central Cash Fund 5.37%6,17		37,516,086	$	3,751,609
Money market investments purchased with collateral from securities on loan 0.19%
Capital Group Central Cash Fund 5.37%6,17,18		961,956		96,196
Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 5.23%17,18		15,665,008		15,665
BlackRock Liquidity Funds – FedFund, Institutional Shares 5.18%17,18		11,400,000		11,400
Dreyfus Treasury Obligations Cash Management, Institutional Shares 5.19%17,18		11,400,000		11,400
Fidelity Investments Money Market Government Portfolio, Class I 5.20%17,18		11,400,000		11,400
Goldman Sachs Financial Square Government Fund, Institutional Shares 5.21%17,18		11,400,000		11,400
Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 5.22%17,18		11,400,000		11,400
RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 5.25%17,18		11,400,000		11,400
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.25%17,18		11,400,000		11,400
				191,661
Total short-term securities (cost: $3,943,115,000)				3,943,270
Total investment securities 101.02% (cost: $85,048,235,000)				102,573,797
Other assets less liabilities (1.02)%				(1,031,417	)
Net assets 100.00%			$	101,542,380

Futures contracts

Contracts	Type	Number of contracts	Expiration date	Notional amount (000)			Value and unrealized appreciation (depreciation) at 4/30/2024 (000)
3 Month SOFR Futures	Long	5,873	3/19/2025		USD1,393,956			$	(3,904	)
3 Month SOFR Futures	Long	5,863	9/17/2025		1,396,567				(1,484	)
2 Year U.S. Treasury Note Futures	Long	22,078	7/3/2024		4,474,245				(40,594	)
5 Year U.S. Treasury Note Futures	Long	43,016	7/3/2024		4,505,590				(86,830	)
10 Year U.S. Treasury Note Futures	Short	948	6/28/2024		(101,851	)			2,765
10 Year U.S. Treasury Note Futures	Short	3,324	6/28/2024		(366,367	)			11,481
20 Year U.S. Treasury Bond Futures	Long	699	6/28/2024		79,555				(3,600	)
30 Year Ultra U.S. Treasury Bond Futures	Long	2,346	6/28/2024		280,494				(14,915	)
								$	(137,081	)

Forward currency contracts

Contract amount						Unrealized appreciation (depreciation)
Currency purchased (000)		Currency sold (000)		Counterparty	Settlement date	at 4/30/2024 (000)
EUR	534	USD	571	JPMorgan Chase	5/8/2024		$	—	3
USD	25,282	EUR	23,516	JPMorgan Chase	5/15/2024			170
USD	405	EUR	380	JPMorgan Chase	5/21/2024			(1	)
							$	169

Capital Income Builder 35

Swap contracts

Interest rate swaps

Centrally cleared interest rate swaps

Receive		Pay			Notional		Value at				Upfront premium paid			Unrealized appreciation (depreciation)
Rate	Payment frequency	Rate	Payment frequency	Expiration date	amount (000)		4/30/2024 (000)				(received) (000)			at 4/30/2024 (000)
3.52647%	Annual	U.S. EFFR	Annual	6/16/2024		USD480,632		$	(1,221	)		$	—		$	(1,221	)
3.5291%	Annual	U.S. EFFR	Annual	6/16/2024		519,368			(1,318	)			—			(1,318	)
3.497%	Annual	U.S. EFFR	Annual	6/16/2024		518,700			(1,337	)			—			(1,337	)
3.4585%	Annual	U.S. EFFR	Annual	6/17/2024		80,177			(210	)			—			(210	)
3.4325%	Annual	U.S. EFFR	Annual	6/17/2024		380,800			(1,011	)			—			(1,011	)
SOFR	Annual	3.41%	Annual	12/20/2029		634,000			32,411				—			32,411
SOFR	Annual	3.045%	Annual	7/27/2050		65,600			11,039				—			11,039
								$	38,353			$	—		$	38,353

Credit default swaps

Centrally cleared credit default swaps on credit indices — buy protection

Reference index	Financing rate paid	Payment frequency	Expiration date	Notional amount (000)	Value at 4/30/2024 (000)				Upfront premium paid (received) (000)				Unrealized appreciation (depreciation) at 4/30/2024 (000)
CDX.NA.HY.42	5.00%	Quarterly	6/20/2029	USD10,000		$	(584	)		$	(716	)		$	132
CDX.NA.IG.42	1.00%	Quarterly	6/20/2029	46,090			(966	)			(1,023	)			57
						$	(1,550	)		$	(1,739	)		$	189

Investments in affiliates⁶

	Value at 11/1/2023 (000)		Additions (000)			Reductions (000)		Net realized gain (loss) (000)			Net unrealized appreciation (depreciation) (000)			Value at 4/30/2024 (000)		Dividend or interest income (000)
Common stocks 0.22%
Financials 0.00%
360 ONE WAM, Ltd.19	$	119,387	$	—		$	26,063	$	9,224		$	44,319		$	—	$	1,933
Industrials 0.16%
Trinity Industries, Inc.		160,641		—			38,830		7,486			33,380			162,677		4,319
Real estate 0.06%
POWERGRID Infrastructure Investment Trust REIT		69,780		—			14,833		(4,780	)		4,267			54,434		4,224
Total common stocks															217,111
Investment funds 2.39%
Capital Group Central Corporate Bond Fund		2,265,745		53,241			—		—			110,025			2,429,011		53,241
Short-term securities 3.79%
Money market investments 3.69%
Capital Group Central Cash Fund 5.37%17		5,118,998		7,325,149			8,692,559		770			(749	)		3,751,609		133,549
Money market investments purchased with collateral from securities on loan 0.10%
Capital Group Central Cash Fund 5.37%17,18		1,676		94,520	20										96,196		—	21
Total short-term securities															3,847,805
Total 6.40%								$	12,700		$	191,242		$	6,493,927	$	197,266

36 Capital Income Builder

Restricted securities¹⁶

	Acquisition date(s)	Cost (000)		Value (000)		Percent of net assets
NBM US Holdings, Inc. 6.625% 8/6/2029	4/1/2020-4/3/2020	$	2,491	$	2,623		.01	%
Modec Finance BV 7.84% 7/15/20262	7/28/2023		2,000		2,011		.00	22
Mission Lane Credit Card Master Trust, Series 2022-B, Class A1, 8.25% 1/15/20282,7	12/6/2022		1,501		1,500		.00	22
Mission Lane Credit Card Master Trust, Series 2022-B, Class A2, 8.73% 1/15/20282,7	12/6/2022		240		240		.00	22
Stillwater Mining Co. 4.50% 11/16/2029	2/20/2024		487		473		.00	22
Stillwater Mining Co. 4.00% 11/16/2026	2/9/2024-2/20/2024		363		358		.00	22
Sasol Financing USA, LLC 8.75% 5/3/2029	4/9/2024-4/15/2024		767		755		.00	22
Total		$	7,849	$	7,960		.01	%

1	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 $2,404,982,000, which represented 2.37% of the net assets of the fund.
2	Value determined using significant unobservable inputs.
3	Amount less than one thousand.
4	All or a portion of this security was on loan. The total value of all such securities was $228,401,000, which represented .22% of the net assets of the fund. Refer to Note 5 for more information on securities lending.
5	Security did not produce income during the last 12 months.
6	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.
7	Principal payments may be made periodically. Therefore, the effective maturity date may be earlier than the stated maturity date.
8	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.
9	Purchased on a TBA basis.
10	Step bond; coupon rate may change at a later date.
11	All or a portion of this security was pledged as collateral. The total value of pledged collateral was $149,548,000, which represented .15% of the net assets of the fund.
12	Loan participations and assignments; may be subject to legal or contractual restrictions on resale. The total value of all such loans was $29,515,000, which represented .03% of the net assets of the fund.
13	Scheduled interest and/or principal payment was not received.
14	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.
15	Securities referencing LIBOR are expected to transition to an alternative reference rate by the security’s next scheduled coupon reset date.
16	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 $7,960,000, which represented .01% of the net assets of the fund.
17	Rate represents the seven-day yield at 4/30/2024.
18	Security purchased with cash collateral from securities on loan. Refer to Note 5 for more information on securities lending.
19	Affiliated issuer during the reporting period but no longer an affiliate at 4/30/2024. Refer to the investment portfolio for the security value at 4/30/2024.
20	Represents net activity. Refer to Note 5 for more information on securities lending.
21	Dividend income is included with securities lending income in the fund’s statement of operations and is not shown in this table.
22	Amount less than .01%.

Key to abbreviation(s)

ADR = American Depositary Receipts
Assn. = Association
Auth. = Authority
CAD = Canadian dollars
CDI = CREST Depository Interest
CLO = Collateralized Loan Obligations
CME = CME Group
DAC = Designated Activity Company
EFFR = Effective Federal Funds Rate
EUR = Euros
EURIBOR = Euro Interbank Offered Rate
G.O. = General Obligation
GBP = British pounds
GDR = Global Depositary Receipts
LIBOR = London Interbank Offered Rate
MXN = Mexican pesos
Ref. = Refunding
REIT = Real Estate Investment Trust
Rev. = Revenue
RSC = Restricted Scope Company
SOFR = Secured Overnight Financing Rate
TBA = To be announced
USD = U.S. dollars

Refer to the notes to financial statements.

Capital Income Builder 37

Financial statements

Statement of assets and liabilities	unaudited
at April 30, 2024	(dollars in thousands)

Assets:
Investment securities, at value (includes $228,401 of investment securities on loan):
Unaffiliated issuers (cost: $78,041,635)	$	96,079,870
Affiliated issuers (cost: $7,006,600)		6,493,927	$	102,573,797
Cash				7,328
Cash denominated in currencies other than U.S. dollars (cost: $31,840)				31,838
Unrealized appreciation on open forward currency contracts				170
Receivables for:
Sales of investments		1,027,757
Sales of fund’s shares		40,676
Dividends and interest		537,268
Securities lending income		2
Variation margin on futures contracts		2,581
Variation margin on centrally cleared swap contracts		3,356		1,611,640
				104,224,773
Liabilities:
Collateral for securities on loan				191,661
Unrealized depreciation on open forward currency contracts				1
Payables for:
Purchases of investments		2,273,332
Repurchases of fund’s shares		86,450
Investment advisory services		21,121
Services provided by related parties		18,562
Trustees’ deferred compensation		3,117
Variation margin on futures contracts		26,878
Variation margin on centrally cleared swap contracts		385
Other		60,886		2,490,731
Net assets at April 30, 2024			$	101,542,380
Net assets consist of:
Capital paid in on shares of beneficial interest			$	82,944,233
Total distributable earnings (accumulated loss)				18,598,147
Net assets at April 30, 2024			$	101,542,380

Refer to the notes to financial statements.

38 Capital Income Builder

Financial statements (continued)

Statement of assets and liabilities	unaudited
at April 30, 2024 (continued)	(dollars and shares in thousands, except per-share amounts)

Shares of beneficial interest issued and outstanding (no stated par value) —
unlimited shares authorized (1,532,107 total shares outstanding)

	Net assets		Shares outstanding			Net asset value per share
Class A	$	59,662,939		900,079		$	66.29
Class C		1,024,959		15,418			66.48
Class T		11		—	*		66.26
Class F-1		1,991,887		30,049			66.29
Class F-2		12,641,959		190,905			66.22
Class F-3		5,588,031		84,331			66.26
Class 529-A		2,183,685		32,957			66.26
Class 529-C		61,510		925			66.47
Class 529-E		58,121		877			66.29
Class 529-T		15		—	*		66.28
Class 529-F-1		13		—	*		66.25
Class 529-F-2		184,086		2,777			66.30
Class 529-F-3		13		—	*		66.28
Class R-1		54,076		815			66.36
Class R-2		333,602		5,031			66.32
Class R-2E		35,441		537			65.97
Class R-3		601,683		9,075			66.30
Class R-4		431,628		6,513			66.27
Class R-5E		94,613		1,430			66.17
Class R-5		253,492		3,823			66.31
Class R-6		16,340,616		246,565			66.27

* Amount less than one thousand.

Refer to the notes to financial statements.

Capital Income Builder 39

Financial statements (continued)

Statement of operations	unaudited
for the six months ended April 30, 2024	(dollars in thousands)

Investment income:
Income:
Dividends (net of non-U.S. taxes of $58,872; also includes $197,266 from affiliates)	$	1,717,810
Interest from unaffiliated issuers		379,683
Securities lending income (net of fees)		1,550		$	2,099,043
Fees and expenses*:
Investment advisory services		119,899
Distribution services		89,051
Transfer agent services		34,678
Administrative services		15,237
529 plan services		714
Reports to shareholders		1,281
Registration statement and prospectus		471
Trustees’ compensation		806
Auditing and legal		96
Custodian		1,956
Other		102			264,291
Net investment income					1,834,752
Net realized gain (loss) and unrealized appreciation (depreciation):
Net realized gain (loss) on:
Investments (net of non-U.S. taxes of $29,783):
Unaffiliated issuers		1,138,766
Affiliated issuers		12,700
Futures contracts		(34,530	)
Forward currency contracts		353
Swap contracts		(15,508	)
Currency transactions		(4,061	)		1,097,720
Net unrealized appreciation (depreciation) on:
Investments (net of non-U.S. taxes of $40,949):
Unaffiliated issuers		8,446,596
Affiliated issuers		191,242
Futures contracts		(18,153	)
Forward currency contracts		169
Swap contracts		15,036
Currency translations		(4,529	)		8,630,361
Net realized gain (loss) and unrealized appreciation (depreciation)					9,728,081
Net increase (decrease) in net assets resulting from operations				$	11,562,833

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

Refer to the notes to financial statements.

40 Capital Income Builder

Financial statements (continued)

Statements of changes in net assets
	(dollars in thousands)

	Six months ended April 30, 2024*			Year ended October 31, 2023
Operations:
Net investment income	$	1,834,752		$	3,460,032
Net realized gain (loss)		1,097,720			1,019,355
Net unrealized appreciation (depreciation)		8,630,361			(1,006,410	)
Net increase (decrease) in net assets resulting from operations		11,562,833			3,472,977
Distributions paid to shareholders		(2,277,591	)		(3,563,235	)
Net capital share transactions		(2,161,986	)		(2,004,053	)
Total increase (decrease) in net assets		7,123,256			(2,094,311	)
Net assets:
Beginning of period		94,419,124			96,513,435
End of period	$	101,542,380		$	94,419,124

* Unaudited.

Refer to the notes to financial statements.

Capital Income Builder 41

Notes to financial statements unaudited

1. Organization

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

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

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

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

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

2. Significant accounting policies

The fund is an investment company that applies the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board. 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.

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.

42 Capital Income Builder

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	Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
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	Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information
Municipal securities	Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts

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 of 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.

Capital Income Builder 43

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 tables on the following page present the fund’s valuation levels as of April 30, 2024 (dollars in thousands):

44 Capital Income Builder

	Investment securities
	Level 1		Level 2		Level 3			Total
Assets:
Common stocks:
Financials	$	7,987,571	$	5,051,040		—	*	$	13,038,611
Information technology		8,461,438		2,257,141		—			10,718,579
Health care		7,502,650		2,639,510		—	*		10,142,160
Consumer staples		5,499,758		3,833,308		—			9,333,066
Industrials		5,065,681		4,200,530		—			9,266,211
Energy		4,772,325		1,809,280		42			6,581,647
Utilities		3,598,856		2,713,710		—			6,312,566
Consumer discretionary		2,618,143		1,783,809		—			4,401,952
Real estate		3,392,187		679,420		—			4,071,607
Communication services		1,466,093		1,628,805		—			3,094,898
Materials		1,342,533		968,911		—			2,311,444
Preferred securities		—		10,400		—			10,400
Convertible stocks		126,872		—		—			126,872
Bonds, notes & other debt instruments:
Mortgage-backed obligations		—		8,126,944		6,014			8,132,958
U.S. Treasury bonds & notes		—		4,965,219		—			4,965,219
Corporate bonds, notes & loans		—		2,780,385		2,047			2,782,432
Asset-backed obligations		—		693,665		3,520			697,185
Bonds & notes of governments & government agencies outside the U.S.		—		145,163		—			145,163
Federal agency bonds & notes		—		35,195		—			35,195
Municipals		—		33,351		—			33,351
Investment funds		2,429,011		—		—			2,429,011
Short-term securities		3,943,270		—		—			3,943,270
Total	$	58,206,388	$	44,355,786	$	11,623		$	102,573,797

	Other investments†
	Level 1			Level 2			Level 3		Total
Assets:
Unrealized appreciation on futures contracts	$	14,246		$	—		$	—	$	14,246
Unrealized appreciation on open forward currency contracts		—			170			—		170
Unrealized appreciation on centrally cleared interest rate swaps		—			43,450			—		43,450
Unrealized appreciation on centrally cleared credit default swaps		—			189			—		189
Liabilities:
Unrealized depreciation on futures contracts		(151,327	)		—			—		(151,327	)
Unrealized depreciation on open forward currency contracts		—			(1	)		—		(1	)
Unrealized depreciation on centrally cleared interest rate swaps		—			(5,097	)		—		(5,097	)
Total	$	(137,081	)	$	38,711		$	—	$	(98,370	)

*	Amount less than one thousand.
†	Futures contracts, forward currency contracts, interest rate swaps and credit default swaps are not included in the fund’s investment portfolio.

4. Risk factors

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

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

Capital Income Builder 45

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 which 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.

46 Capital Income Builder

5. Certain investment techniques

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

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

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

As of April 30, 2024, the total value of securities on loan was $228,401,000, and the total value of collateral received was $264,478,000. Collateral received includes cash of $191,661,000 and U.S. government securities of $72,817,000. 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. Portfolio turnover rates excluding and including mortgage dollar rolls are presented at the end of the fund’s financial highlights table.

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.

Capital Income Builder 47

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 $10,180,569,000.

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 $9,180,000.

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.

48 Capital Income Builder

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 $3,745,943,000.

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 $39,048,000.

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, 2024 (dollars in thousands):

		Assets			Liabilities
Contracts	Risk type	Location on statement of assets and liabilities	Value		Location on statement of assets and liabilities	Value
Futures	Interest	Unrealized appreciation*	$	14,246	Unrealized depreciation*	$	151,327
Forward currency	Currency	Unrealized appreciation on open forward currency contracts		170	Unrealized depreciation on open forward currency contracts		1
Swap (centrally cleared)	Interest	Unrealized appreciation*		43,450	Unrealized depreciation*		5,097
Swap (centrally cleared)	Credit	Unrealized appreciation*		189	Unrealized depreciation*		—
			$	58,055		$	156,425

Refer to the end of the tables for footnote.

Capital Income Builder 49

		Net realized gain (loss)				Net unrealized appreciation (depreciation)
Contracts	Risk type	Location on statement of operations	Value			Location on statement of operations	Value
Futures	Interest	Net realized gain (loss) on futures contracts	$	(34,530	)	Net unrealized appreciation (depreciation) on futures contracts	$	(18,153	)
Forward currency	Currency	Net realized gain (loss) on forward currency contracts		353		Net unrealized appreciation (depreciation) on forward currency contracts		169
Swap	Interest	Net realized gain (loss) on swap contracts		(15,335	)	Net unrealized appreciation (depreciation) on swap contracts		14,655
Swap	Credit	Net realized gain (loss) on swap contracts		(173	)	Net unrealized appreciation (depreciation) on swap contracts		381
			$	(49,685	)		$	(2,948	)

* 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, 2024, if close-out netting was exercised (dollars in thousands):

	Gross amounts recognized in the		Gross amounts not offset in the statement of assets and liabilities and subject to a master netting agreement
Counterparty	statement of assets and liabilities		Available to offset			Non-cash collateral*		Cash collateral*			Net amount
Assets:
JPMorgan Chase	$	170	$	(1	)	$	—	$	(169	)	$	—
Liabilities:
JPMorgan Chase	$	1	$	(1	)	$	—	$	—		$	—

* Collateral is shown on a settlement basis.

50 Capital Income Builder

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, 2024, 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. During the six months ended April 30, 2024, the fund recognized $29,950,000 in EU reclaims (net of $197,000 in fees and the effect of realized gain or loss from currency translations) and $4,825,000 in interest related to European court rulings, which is included in dividend income and interest income, respectively, in the fund’s statement of operations. Gains realized by the fund on the sale of securities in certain countries, if any, may be subject to non-U.S. taxes. The fund generally records an estimated deferred tax liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.

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

The components of distributable earnings on a tax basis are reported as of the fund’s most recent year-end. As of October 31, 2023, the components of distributable earnings on a tax basis were as follows (dollars in thousands):

Undistributed ordinary income	$876,841
Undistributed long-term capital gains	113,315

As of April 30, 2024, the tax basis unrealized appreciation (depreciation) and cost of investments were as follows (dollars in thousands):

Gross unrealized appreciation on investments	$21,817,513
Gross unrealized depreciation on investments	(4,933,121	)
Net unrealized appreciation (depreciation) on investments	16,884,392
Cost of investments	85,592,774

Capital Income Builder 51

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

	Six months ended April 30, 2024									Year ended October 31, 2023
Share class	Ordinary income			Long-term capital gains			Total distributions paid			Ordinary income			Long-term capital gains		Total distributions paid
Class A	$	1,248,717		$	66,909		$	1,315,626		$	2,090,021		$	—	$	2,090,021
Class C		18,914			1,257			20,171			37,104			—		37,104
Class T		—	*		—	*		—	*		—	*		—		—	*
Class F-1		41,654			2,276			43,930			72,440			—		72,440
Class F-2		301,493			15,225			316,718			489,016			—		489,016
Class F-3		123,095			6,096			129,191			202,392			—		202,392
Class 529-A		45,296			2,451			47,747			76,435			—		76,435
Class 529-C		1,087			73			1,160			2,005			—		2,005
Class 529-E		1,152			66			1,218			1,994			—		1,994
Class 529-T		—	*		—	*		—	*		1			—		1
Class 529-F-1		—	*		—	*		—	*		1			—		1
Class 529-F-2		3,942			200			4,142			6,178			—		6,178
Class 529-F-3		—	*		—	*		—	*		1			—		1
Class R-1		945			62			1,007			1,547			—		1,547
Class R-2		5,749			377			6,126			9,509			—		9,509
Class R-2E		665			40			705			1,120			—		1,120
Class R-3		11,718			679			12,397			19,667			—		19,667
Class R-4		8,991			484			9,475			15,211			—		15,211
Class R-5E		1,961			99			2,060			3,165			—		3,165
Class R-5		5,622			281			5,903			9,691			—		9,691
Class R-6		343,219			16,796			360,015			525,737			—		525,737
Total	$	2,164,220		$	113,371		$	2,277,591		$	3,563,235		$	—	$	3,563,235

* Amount less than one thousand.

7. Fees and transactions with related parties

CRMC, the fund’s investment adviser, is the parent company of American Funds Distributors^®, Inc. (“AFD”), the principal underwriter of the fund’s shares, and American Funds Service Company^® (“AFS”), the fund’s transfer agent. CRMC, AFD 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, 2024, the investment advisory services fees were $119,899,000, which were equivalent to an annualized rate of 0.236% of average daily net assets.

52 Capital Income Builder

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 AFD for paying service fees, to firms that have entered into agreements with AFD 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.

Share class	Currently approved limits			Plan limits
Class A		0.30	%		0.30	%
Class 529-A		0.30			0.50
Classes C, 529-C and R-1		1.00			1.00
Class R-2		0.75			1.00
Class R-2E		0.60			0.85
Classes 529-E and R-3		0.50			0.75
Classes T, F-1, 529-T, 529-F-1 and R-4		0.25			0.50

For Class A and 529-A shares, distribution-related expenses include the reimbursement of dealer and wholesaler commissions paid by AFD for certain shares sold without a sales charge. These share classes reimburse AFD 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, 2024, 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 Virginia College Savings Plan (“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 Virginia529 through ABLEAmerica^®, a tax-advantaged savings program for individuals with disabilities. Virginia529 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, 2024, the 529 plan services fees were $714,000, which were equivalent to 0.057% of the average daily net assets of each 529 share class.

Capital Income Builder 53

For the six months ended April 30, 2024, class-specific expenses under the agreements were as follows (dollars in thousands):

Share class	Distribution services	Transfer agent services		Administrative services		529 plan services
Class A	$74,407	$23,219		$8,960		Not applicable
Class C	5,487	436		165		Not applicable
Class T	—	—	*	—	*	Not applicable
Class F-1	2,477	1,432		303		Not applicable
Class F-2	Not applicable	7,198		2,031		Not applicable
Class F-3	Not applicable	23		822		Not applicable
Class 529-A	2,526	788		327		$627
Class 529-C	320	24		10		18
Class 529-E	145	10		9		17
Class 529-T	—	—	*	—	*	—	*
Class 529-F-1	—	—	*	—	*	—	*
Class 529-F-2	Not applicable	38		27		52
Class 529-F-3	Not applicable	—	*	—	*	—	*
Class R-1	275	27		8		Not applicable
Class R-2	1,259	583		50		Not applicable
Class R-2E	106	37		5		Not applicable
Class R-3	1,510	449		91		Not applicable
Class R-4	539	217		65		Not applicable
Class R-5E	Not applicable	70		14		Not applicable
Class R-5	Not applicable	59		38		Not applicable
Class R-6	Not applicable	68		2,312		Not applicable
Total class-specific expenses	$89,051	$34,678		$15,237		$714

* 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 $806,000 in the fund’s statement of operations reflects $293,000 in current fees (either paid in cash or deferred) and a net increase of $513,000 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, AFD 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, 2024, the fund engaged in such purchase and sale transactions with related funds in the amounts of $967,475,000 and $774,579,000, respectively, which generated $32,757,000 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, 2024.

54 Capital Income Builder

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*				Reinvestments of distributions						Repurchases*						Net increase (decrease)
Share class	Amount		Shares		Amount			Shares			Amount			Shares			Amount			Shares
Six months ended April 30, 2024
Class A	$	1,034,230		15,736	$	1,285,809			19,492		$	(3,985,893	)		(60,690	)	$	(1,665,854	)		(25,462	)
Class C		41,603		630		19,980			302			(241,217	)		(3,666	)		(179,634	)		(2,734	)
Class T		—		—		—			—			—			—			—			—
Class F-1		26,982		410		43,377			657			(175,364	)		(2,666	)		(105,005	)		(1,599	)
Class F-2		1,414,076		21,461		305,357			4,633			(2,990,624	)		(44,959	)		(1,271,191	)		(18,865	)
Class F-3		550,211		8,348		127,822			1,938			(634,555	)		(9,649	)		43,478			637
Class 529-A		77,233		1,176		47,732			724			(187,122	)		(2,850	)		(62,157	)		(950	)
Class 529-C		7,045		107		1,157			17			(16,627	)		(253	)		(8,425	)		(129	)
Class 529-E		2,583		39		1,217			19			(7,060	)		(108	)		(3,260	)		(50	)
Class 529-T		—		—		—	†		—	†		—			—			—	†		—	†
Class 529-F-1		—		—		—	†		—	†		—			—			—	†		—	†
Class 529-F-2		17,036		259		4,141			63			(18,434	)		(280	)		2,743			42
Class 529-F-3		—		—		—	†		—	†		—			—			—	†		—	†
Class R-1		2,945		45		1,007			15			(7,455	)		(113	)		(3,503	)		(53	)
Class R-2		20,714		314		6,119			93			(41,051	)		(624	)		(14,218	)		(217	)
Class R-2E		2,730		41		705			11			(3,948	)		(60	)		(513	)		(8	)
Class R-3		35,495		539		12,361			187			(70,511	)		(1,071	)		(22,655	)		(345	)
Class R-4		24,691		374		9,468			144			(47,055	)		(717	)		(12,896	)		(199	)
Class R-5E		11,586		176		2,059			31			(10,161	)		(156	)		3,484			51
Class R-5		14,877		227		5,896			89			(24,921	)		(379	)		(4,148	)		(63	)
Class R-6		1,439,647		21,678		359,930			5,455			(657,809	)		(9,976	)		1,141,768			17,157
Total net increase (decrease)	$	4,723,684		71,560	$	2,234,137			33,870		$	(9,119,807	)		(138,217	)	$	(2,161,986	)		(32,787	)

Refer to the end of the table for footnotes.

Capital Income Builder 55

	Sales*				Reinvestments of distributions						Repurchases*						Net increase (decrease)
Share class	Amount		Shares		Amount			Shares			Amount			Shares			Amount			Shares
Year ended October 31, 2023
Class A	$	2,372,607		37,304	$	2,040,553			32,467		$	(6,889,939	)		(108,694	)	$	(2,476,779	)		(38,923	)
Class C		104,178		1,633		36,718			582			(517,625	)		(8,116	)		(376,729	)		(5,901	)
Class T		—		—		—			—			—			—			—			—
Class F-1		50,164		787		71,390			1,136			(314,234	)		(4,956	)		(192,680	)		(3,033	)
Class F-2		2,420,771		38,124		471,217			7,506			(2,774,165	)		(43,840	)		117,823			1,790
Class F-3		1,012,221		16,062		200,288			3,189			(1,008,600	)		(15,905	)		203,909			3,346
Class 529-A		166,882		2,622		76,412			1,216			(358,725	)		(5,628	)		(115,431	)		(1,790	)
Class 529-C		13,450		211		2,002			32			(32,943	)		(515	)		(17,491	)		(272	)
Class 529-E		5,068		79		1,993			32			(12,585	)		(197	)		(5,524	)		(86	)
Class 529-T		—		—		—	†		—	†		—			—			—	†		—	†
Class 529-F-1		—		—		—	†		—	†		—			—			—	†		—	†
Class 529-F-2		34,154		537		6,175			98			(29,439	)		(461	)		10,890			174
Class 529-F-3		—		—		—	†		—	†		—			—			—	†		—	†
Class R-1		7,225		114		1,547			25			(13,324	)		(210	)		(4,552	)		(71	)
Class R-2		44,925		706		9,498			151			(81,917	)		(1,291	)		(27,494	)		(434	)
Class R-2E		7,134		114		1,120			18			(12,315	)		(196	)		(4,061	)		(64	)
Class R-3		76,780		1,206		19,611			312			(141,713	)		(2,226	)		(45,322	)		(708	)
Class R-4		46,237		728		15,206			242			(87,792	)		(1,383	)		(26,349	)		(413	)
Class R-5E		18,697		295		3,165			50			(19,810	)		(313	)		2,052			32
Class R-5		24,471		385		9,683			154			(52,348	)		(823	)		(18,194	)		(284	)
Class R-6		1,368,319		21,535		525,724			8,369			(922,164	)		(14,503	)		971,879			15,401
Total net increase (decrease)	$	7,773,283		122,442	$	3,492,302			55,579		$	(13,269,638	)		(209,257	)	$	(2,004,053	)		(31,236	)

*	Includes exchanges between share classes of the fund.
†	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 $29,075,453,000 and $30,739,136,000, respectively, during the six months ended April 30, 2024.

56 Capital Income Builder

Financial highlights

			Income (loss) from investment operations1								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income (loss)		Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return2,3			Net assets, end of year (in millions)			Ratio of expenses to average net assets before reimbursement4			Ratio of expenses to average net assets after reimbursement3,4			Ratio of net income (loss) to average net assets3
Class A:
4/30/20245,6	$	60.34	$	1.15	$	6.24		$	7.39		$	(1.37	)	$	(.07	)	$	(1.44	)	$	66.29		12.26	%7	$	59,663			.60	%8		.60	%8		3.53	%8
10/31/2023		60.47		2.13		(.05	)		2.08			(2.21	)		—			(2.21	)		60.34		3.34			55,851			.60			.60			3.36
10/31/2022		69.09		1.98		(8.33	)		(6.35	)		(2.27	)		—			(2.27	)		60.47		(9.42	)		58,325			.59			.59			3.00
10/31/2021		56.52		2.07		12.33			14.40			(1.83	)		—			(1.83	)		69.09		25.67			67,634			.59			.59			3.12
10/31/2020		61.99		1.96		(4.74	)		(2.78	)		(2.09	)		(.60	)		(2.69	)		56.52		(4.55	)		56,666			.61			.61			3.31
10/31/2019		58.01		1.94		4.18			6.12			(2.14	)		—			(2.14	)		61.99		10.79			65,201			.60			.60			3.23
Class C:
4/30/20245,6		60.51		.90		6.26			7.16			(1.12	)		(.07	)		(1.19	)		66.48		11.83	7		1,025			1.35	8		1.35	8		2.75	8
10/31/2023		60.63		1.66		(.06	)		1.60			(1.72	)		—			(1.72	)		60.51		2.56			1,098			1.35			1.35			2.60
10/31/2022		69.23		1.49		(8.34	)		(6.85	)		(1.75	)		—			(1.75	)		60.63		(10.07	)		1,458			1.33			1.33			2.25
10/31/2021		56.63		1.57		12.36			13.93			(1.33	)		—			(1.33	)		69.23		24.72			2,047			1.34			1.34			2.37
10/31/2020		62.07		1.52		(4.73	)		(3.21	)		(1.63	)		(.60	)		(2.23	)		56.63		(5.26	)		2,083			1.35			1.35			2.55
10/31/2019		58.07		1.48		4.19			5.67			(1.67	)		—			(1.67	)		62.07		9.95			3,401			1.36			1.36			2.47
Class T:
4/30/20245,6		60.32		1.23		6.23			7.46			(1.45	)		(.07	)		(1.52	)		66.26		12.39	7,9		—	10		.35	8,9		.35	8,9		3.78	8,9
10/31/2023		60.46		2.30		(.07	)		2.23			(2.37	)		—			(2.37	)		60.32		3.60	9		—	10		.34	9		.34	9		3.61	9
10/31/2022		69.08		2.14		(8.32	)		(6.18	)		(2.44	)		—			(2.44	)		60.46		(9.18	)9		—	10		.33	9		.33	9		3.26	9
10/31/2021		56.52		2.23		12.33			14.56			(2.00	)		—			(2.00	)		69.08		25.96	9		—	10		.34	9		.34	9		3.37	9
10/31/2020		62.00		2.11		(4.75	)		(2.64	)		(2.24	)		(.60	)		(2.84	)		56.52		(4.31	)9		—	10		.35	9		.35	9		3.57	9
10/31/2019		58.02		2.08		4.18			6.26			(2.28	)		—			(2.28	)		62.00		11.06	9		—	10		.36	9		.36	9		3.48	9
Class F-1:
4/30/20245,6		60.35		1.13		6.23			7.36			(1.35	)		(.07	)		(1.42	)		66.29		12.23	7		1,992			.66	8		.66	8		3.46	8
10/31/2023		60.48		2.10		(.06	)		2.04			(2.17	)		—			(2.17	)		60.35		3.26			1,910			.66			.66			3.30
10/31/2022		69.09		1.94		(8.33	)		(6.39	)		(2.22	)		—			(2.22	)		60.48		(9.46	)		2,097			.64			.64			2.95
10/31/2021		56.51		2.02		12.35			14.37			(1.79	)		—			(1.79	)		69.09		25.61			2,555			.65			.65			3.06
10/31/2020		61.98		1.93		(4.74	)		(2.81	)		(2.06	)		(.60	)		(2.66	)		56.51		(4.61	)		3,033			.65			.65			3.26
10/31/2019		58.00		1.90		4.18			6.08			(2.10	)		—			(2.10	)		61.98		10.72			4,013			.66			.66			3.17
Class F-2:
4/30/20245,6		60.29		1.22		6.22			7.44			(1.44	)		(.07	)		(1.51	)		66.22		12.38	7		12,642			.38	8		.38	8		3.74	8
10/31/2023		60.42		2.27		(.05	)		2.22			(2.35	)		—			(2.35	)		60.29		3.56			12,646			.38			.38			3.58
10/31/2022		69.03		2.12		(8.32	)		(6.20	)		(2.41	)		—			(2.41	)		60.42		(9.21	)		12,566			.37			.37			3.23
10/31/2021		56.47		2.22		12.32			14.54			(1.98	)		—			(1.98	)		69.03		25.95			13,182			.37			.37			3.34
10/31/2020		61.95		2.09		(4.75	)		(2.66	)		(2.22	)		(.60	)		(2.82	)		56.47		(4.35	)		10,126			.38			.38			3.54
10/31/2019		57.97		2.05		4.19			6.24			(2.26	)		—			(2.26	)		61.95		11.03			11,155			.39			.39			3.43
Class F-3:
4/30/20245,6		60.32		1.26		6.23			7.49			(1.48	)		(.07	)		(1.55	)		66.26		12.43	7		5,588			.28	8		.28	8		3.86	8
10/31/2023		60.46		2.34		(.07	)		2.27			(2.41	)		—			(2.41	)		60.32		3.67			5,049			.27			.27			3.69
10/31/2022		69.08		2.19		(8.33	)		(6.14	)		(2.48	)		—			(2.48	)		60.46		(9.12	)		4,858			.26			.26			3.33
10/31/2021		56.50		2.29		12.33			14.62			(2.04	)		—			(2.04	)		69.08		26.09			5,275			.27			.27			3.45
10/31/2020		61.98		2.15		(4.74	)		(2.59	)		(2.29	)		(.60	)		(2.89	)		56.50		(4.24	)		4,102			.28			.28			3.64
10/31/2019		58.01		2.12		4.17			6.29			(2.32	)		—			(2.32	)		61.98		11.12			4,401			.29			.29			3.54
Class 529-A:
4/30/20245,6		60.32		1.14		6.23			7.37			(1.36	)		(.07	)		(1.43	)		66.26		12.24	7		2,184			.64	8		.64	8		3.50	8
10/31/2023		60.45		2.11		(.06	)		2.05			(2.18	)		—			(2.18	)		60.32		3.30			2,045			.64			.64			3.32
10/31/2022		69.06		1.96		(8.32	)		(6.36	)		(2.25	)		—			(2.25	)		60.45		(9.45	)		2,158			.61			.61			2.98
10/31/2021		56.49		2.04		12.33			14.37			(1.80	)		—			(1.80	)		69.06		25.61			2,534			.63			.63			3.08
10/31/2020		61.96		1.93		(4.73	)		(2.80	)		(2.07	)		(.60	)		(2.67	)		56.49		(4.59	)		2,164			.65			.65			3.27
10/31/2019		57.99		1.90		4.17			6.07			(2.10	)		—			(2.10	)		61.96		10.71			2,306			.66			.66			3.17

Refer to the end of the table for footnotes.

Capital Income Builder 57

Financial highlights (continued)

			Income (loss) from investment operations1								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income (loss)		Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return2,3			Net assets, end of year (in millions)			Ratio of expenses to average net assets before reimbursement4			Ratio of expenses to average net assets after reimbursement3,4			Ratio of net income (loss) to average net assets3
Class 529-C:
4/30/20245,6	$	60.50	$	.89	$	6.25		$	7.14		$	(1.10	)	$	(.07	)	$	(1.17	)	$	66.47		11.81	%7	$	61			1.40	%8		1.40	%8		2.71	%8
10/31/2023		60.61		1.62		(.05	)		1.57			(1.68	)		—			(1.68	)		60.50		2.52			64			1.41			1.41			2.55
10/31/2022		69.21		1.45		(8.34	)		(6.89	)		(1.71	)		—			(1.71	)		60.61		(10.13	)		80			1.38			1.38			2.19
10/31/2021		56.61		1.55		12.36			13.91			(1.31	)		—			(1.31	)		69.21		24.70			117			1.37			1.37			2.33
10/31/2020		62.02		1.50		(4.73	)		(3.23	)		(1.58	)		(.60	)		(2.18	)		56.61		(5.29	)		127			1.38			1.38			2.52
10/31/2019		58.03		1.46		4.17			5.63			(1.64	)		—			(1.64	)		62.02		9.89			375			1.40			1.40			2.44
Class 529-E:
4/30/20245,6		60.35		1.07		6.23			7.30			(1.29	)		(.07	)		(1.36	)		66.29		12.12	7		58			.86	8		.86	8		3.27	8
10/31/2023		60.48		1.97		(.07	)		1.90			(2.03	)		—			(2.03	)		60.35		3.04			56			.87			.87			3.10
10/31/2022		69.09		1.80		(8.32	)		(6.52	)		(2.09	)		—			(2.09	)		60.48		(9.65	)		61			.85			.85			2.74
10/31/2021		56.51		1.89		12.35			14.24			(1.66	)		—			(1.66	)		69.09		25.35			75			.85			.85			2.86
10/31/2020		61.98		1.81		(4.75	)		(2.94	)		(1.93	)		(.60	)		(2.53	)		56.51		(4.80	)		68			.86			.86			3.05
10/31/2019		58.00		1.77		4.18			5.95			(1.97	)		—			(1.97	)		61.98		10.47			82			.88			.88			2.96
Class 529-T:
4/30/20245,6		60.34		1.22		6.23			7.45			(1.44	)		(.07	)		(1.51	)		66.28		12.38	7,9		—	10		.40	8,9		.40	8,9		3.74	8,9
10/31/2023		60.47		2.27		(.06	)		2.21			(2.34	)		—			(2.34	)		60.34		3.57	9		—	10		.40	9		.40	9		3.57	9
10/31/2022		69.08		2.12		(8.32	)		(6.20	)		(2.41	)		—			(2.41	)		60.47		(9.22	)9		—	10		.37	9		.37	9		3.22	9
10/31/2021		56.52		2.19		12.33			14.52			(1.96	)		—			(1.96	)		69.08		25.89	9		—	10		.40	9		.40	9		3.31	9
10/31/2020		62.00		2.08		(4.75	)		(2.67	)		(2.21	)		(.60	)		(2.81	)		56.52		(4.37	)9		—	10		.41	9		.41	9		3.51	9
10/31/2019		58.02		2.04		4.19			6.23			(2.25	)		—			(2.25	)		62.00		10.99	9		—	10		.42	9		.42	9		3.41	9
Class 529-F-1:
4/30/20245,6		60.31		1.20		6.22			7.42			(1.41	)		(.07	)		(1.48	)		66.25		12.34	7,9		—	10		.47	8,9		.47	8,9		3.66	8,9
10/31/2023		60.44		2.22		(.06	)		2.16			(2.29	)		—			(2.29	)		60.31		3.47	9		—	10		.47	9		.47	9		3.49	9
10/31/2022		69.05		2.06		(8.32	)		(6.26	)		(2.35	)		—			(2.35	)		60.44		(9.30	)9		—	10		.46	9		.46	9		3.13	9
10/31/2021		56.50		2.10		12.39			14.49			(1.94	)		—			(1.94	)		69.05		25.84	9		—	10		.44	9		.44	9		3.17	9
10/31/2020		61.97		2.08		(4.74	)		(2.66	)		(2.21	)		(.60	)		(2.81	)		56.50		(4.36	)9		—	10		.41	9		.41	9		3.51	9
10/31/2019		58.00		2.04		4.17			6.21			(2.24	)		—			(2.24	)		61.97		10.98			115			.42			.42			3.41
Class 529-F-2:
4/30/20245,6		60.36		1.23		6.23			7.46			(1.45	)		(.07	)		(1.52	)		66.30		12.39	7		184			.38	8		.38	8		3.76	8
10/31/2023		60.49		2.28		(.06	)		2.22			(2.35	)		—			(2.35	)		60.36		3.58			165			.37			.37			3.59
10/31/2022		69.11		2.13		(8.33	)		(6.20	)		(2.42	)		—			(2.42	)		60.49		(9.20	)		155			.36			.36			3.24
10/31/2021		56.52		2.22		12.34			14.56			(1.97	)		—			(1.97	)		69.11		25.97			155			.38			.38			3.34
10/31/20205,11		56.52		—		—			—			—			—			—			56.52		—			110			—			—			—
Class 529-F-3:
4/30/20245,6		60.34		1.24		6.23			7.47			(1.46	)		(.07	)		(1.53	)		66.28		12.42	7		—	10		.33	8		.33	8		3.81	8
10/31/2023		60.47		2.30		(.05	)		2.25			(2.38	)		—			(2.38	)		60.34		3.60			—	10		.33			.33			3.62
10/31/2022		69.09		2.15		(8.33	)		(6.18	)		(2.44	)		—			(2.44	)		60.47		(9.17	)		—	10		.32			.32			3.27
10/31/2021		56.52		2.24		12.34			14.58			(2.01	)		—			(2.01	)		69.09		26.00			—	10		.38			.33			3.38
10/31/20205,11		56.52		—		—			—			—			—			—			56.52		—			—	10		—			—			—
Class R-1:
4/30/20245,6		60.42		.90		6.23			7.13			(1.12	)		(.07	)		(1.19	)		66.36		11.83	7		54			1.37	8		1.37	8		2.76	8
10/31/2023		60.54		1.65		(.06	)		1.59			(1.71	)		—			(1.71	)		60.42		2.54			52			1.37			1.37			2.59
10/31/2022		69.14		1.48		(8.33	)		(6.85	)		(1.75	)		—			(1.75	)		60.54		(10.11	)		57			1.34			1.34			2.25
10/31/2021		56.56		1.56		12.34			13.90			(1.32	)		—			(1.32	)		69.14		24.70			69			1.36			1.36			2.35
10/31/2020		62.00		1.50		(4.72	)		(3.22	)		(1.62	)		(.60	)		(2.22	)		56.56		(5.29	)		62			1.38			1.38			2.53
10/31/2019		58.00		1.47		4.18			5.65			(1.65	)		—			(1.65	)		62.00		9.89			84			1.39			1.39			2.46

Refer to the end of the table for footnotes.

58 Capital Income Builder

Financial highlights (continued)

			Income (loss) from investment operations1								Dividends and distributions
Year ended	Net asset value, beginning of year		Net investment income (loss)		Net gains (losses) on securities (both realized and unrealized)			Total from investment operations			Dividends (from net investment income)			Distributions (from capital gains)			Total dividends and distributions			Net asset value, end of year		Total return2,3			Net assets, end of year (in millions)		Ratio of expenses to average net assets before reimbursement4			Ratio of expenses to average net assets after reimbursement3,4			Ratio of net income (loss) to average net assets3
Class R-2:
4/30/20245,6	$	60.38	$	.90	$	6.23		$	7.13		$	(1.12	)	$	(.07	)	$	(1.19	)	$	66.32		11.84	%7	$	333		1.37	%8		1.37	%8		2.76	%8
10/31/2023		60.50		1.65		(.05	)		1.60			(1.72	)		—			(1.72	)		60.38		2.55			317		1.37			1.37			2.59
10/31/2022		69.10		1.47		(8.32	)		(6.85	)		(1.75	)		—			(1.75	)		60.50		(10.10	)		344		1.35			1.35			2.24
10/31/2021		56.53		1.56		12.33			13.89			(1.32	)		—			(1.32	)		69.10		24.72			419		1.36			1.36			2.35
10/31/2020		61.98		1.50		(4.73	)		(3.23	)		(1.62	)		(.60	)		(2.22	)		56.53		(5.30	)		379		1.38			1.38			2.53
10/31/2019		58.00		1.47		4.17			5.64			(1.66	)		—			(1.66	)		61.98		9.91			460		1.38			1.38			2.45
Class R-2E:
4/30/20245,6		60.07		1.00		6.19			7.19			(1.22	)		(.07	)		(1.29	)		65.97		12.00	7		35		1.08	8		1.08	8		3.06	8
10/31/2023		60.20		1.82		(.05	)		1.77			(1.90	)		—			(1.90	)		60.07		2.84			33		1.08			1.08			2.88
10/31/2022		68.78		1.66		(8.29	)		(6.63	)		(1.95	)		—			(1.95	)		60.20		(9.85	)		37		1.06			1.06			2.53
10/31/2021		56.27		1.74		12.29			14.03			(1.52	)		—			(1.52	)		68.78		25.08			46		1.07			1.07			2.64
10/31/2020		61.72		1.67		(4.72	)		(3.05	)		(1.80	)		(.60	)		(2.40	)		56.27		(5.03	)		40		1.09			1.09			2.83
10/31/2019		57.77		1.63		4.17			5.80			(1.85	)		—			(1.85	)		61.72		10.25			50		1.09			1.09			2.74
Class R-3:
4/30/20245,6		60.36		1.05		6.23			7.28			(1.27	)		(.07	)		(1.34	)		66.30		12.09	7		602		.92	8		.92	8		3.21	8
10/31/2023		60.49		1.93		(.06	)		1.87			(2.00	)		—			(2.00	)		60.36		3.00			569		.92			.92			3.04
10/31/2022		69.09		1.77		(8.32	)		(6.55	)		(2.05	)		—			(2.05	)		60.49		(9.70	)		613		.91			.91			2.68
10/31/2021		56.52		1.85		12.34			14.19			(1.62	)		—			(1.62	)		69.09		25.26			748		.92			.92			2.80
10/31/2020		61.98		1.77		(4.74	)		(2.97	)		(1.89	)		(.60	)		(2.49	)		56.52		(4.87	)		673		.93			.93			2.98
10/31/2019		58.00		1.74		4.17			5.91			(1.93	)		—			(1.93	)		61.98		10.40			835		.94			.94			2.90
Class R-4:
4/30/20245,6		60.33		1.15		6.22			7.37			(1.36	)		(.07	)		(1.43	)		66.27		12.25	7		432		.63	8		.63	8		3.51	8
10/31/2023		60.46		2.12		(.06	)		2.06			(2.19	)		—			(2.19	)		60.33		3.32			405		.62			.62			3.34
10/31/2022		69.07		1.96		(8.32	)		(6.36	)		(2.25	)		—			(2.25	)		60.46		(9.43	)		431		.61			.61			2.98
10/31/2021		56.50		2.05		12.34			14.39			(1.82	)		—			(1.82	)		69.07		25.65			547		.62			.62			3.10
10/31/2020		61.97		1.95		(4.74	)		(2.79	)		(2.08	)		(.60	)		(2.68	)		56.50		(4.58	)		475		.62			.62			3.29
10/31/2019		57.99		1.92		4.17			6.09			(2.11	)		—			(2.11	)		61.97		10.73			583		.64			.64			3.21
Class R-5E:
4/30/20245,6		60.24		1.21		6.22			7.43			(1.43	)		(.07	)		(1.50	)		66.17		12.36	7		95		.43	8		.43	8		3.71	8
10/31/2023		60.38		2.25		(.07	)		2.18			(2.32	)		—			(2.32	)		60.24		3.51			83		.42			.42			3.54
10/31/2022		68.98		2.08		(8.30	)		(6.22	)		(2.38	)		—			(2.38	)		60.38		(9.24	)		81		.41			.41			3.18
10/31/2021		56.43		2.18		12.32			14.50			(1.95	)		—			(1.95	)		68.98		25.90			78		.42			.42			3.29
10/31/2020		61.91		2.07		(4.75	)		(2.68	)		(2.20	)		(.60	)		(2.80	)		56.43		(4.40	)		55		.42			.42			3.51
10/31/2019		57.94		1.98		4.23			6.21			(2.24	)		—			(2.24	)		61.91		10.97			43		.43			.43			3.31
Class R-5:
4/30/20245,6		60.36		1.25		6.23			7.48			(1.46	)		(.07	)		(1.53	)		66.31		12.42	7		253		.32	8		.32	8		3.81	8
10/31/2023		60.50		2.31		(.07	)		2.24			(2.38	)		—			(2.38	)		60.36		3.64			235		.32			.32			3.64
10/31/2022		69.11		2.16		(8.32	)		(6.16	)		(2.45	)		—			(2.45	)		60.50		(9.16	)		252		.30			.30			3.28
10/31/2021		56.53		2.25		12.34			14.59			(2.01	)		—			(2.01	)		69.11		26.02			309		.31			.31			3.40
10/31/2020		62.01		2.13		(4.75	)		(2.62	)		(2.26	)		(.60	)		(2.86	)		56.53		(4.28	)		274		.32			.32			3.59
10/31/2019		58.04		2.08		4.19			6.27			(2.30	)		—			(2.30	)		62.01		11.07			326		.33			.33			3.47
Class R-6:
4/30/20245,6		60.33		1.27		6.22			7.49			(1.48	)		(.07	)		(1.55	)		66.27		12.43	7		16,341		.28	8		.28	8		3.87	8
10/31/2023		60.47		2.34		(.07	)		2.27			(2.41	)		—			(2.41	)		60.33		3.67			13,841		.27			.27			3.68
10/31/2022		69.08		2.19		(8.32	)		(6.13	)		(2.48	)		—			(2.48	)		60.47		(9.11	)		12,940		.26			.26			3.33
10/31/2021		56.51		2.28		12.34			14.62			(2.05	)		—			(2.05	)		69.08		26.07			14,277		.27			.27			3.45
10/31/2020		61.99		2.16		(4.75	)		(2.59	)		(2.29	)		(.60	)		(2.89	)		56.51		(4.24	)		12,651		.27			.27			3.65
10/31/2019		58.01		2.12		4.19			6.31			(2.33	)		—			(2.33	)		61.99		11.12			12,050		.28			.28			3.54

Refer to the end of the table for footnotes.

Capital Income Builder 59

Financial highlights (continued)

	Six months ended April 30,	Year ended October 31,
Portfolio turnover rate for all share classes12,13	20245,6,7	2023		2022		2021		2020		2019
Excluding mortgage dollar roll transactions	17%		34%		27%		41%		55%		32%
Including mortgage dollar roll transactions	30%		106%		87%		72%		118%		45%

1	Based on average shares outstanding.
2	Total returns exclude any applicable sales charges, including contingent deferred sales charges.
3	This column reflects the impact, if any, of certain reimbursements from CRMC. During one of the years shown, CRMC reimbursed a portion of transfer agent services fees for Class 529-F-3 shares.
4	Ratios do not include expenses of any Central Funds. The fund indirectly bears its proportionate share of the expenses of any Central Funds.
5	Based on operations for a period that is less than a full year.
6	Unaudited.
7	Not annualized.
8	Annualized.
9	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.
10	Amount less than $1 million.
11	Class 529-F-2 and 529-F-3 shares began investment operations on October 30, 2020.
12	Refer to Note 5 for more information on mortgage dollar rolls.
13	Rates do not include the fund’s portfolio activity with respect to any Central Funds.

Refer to the notes to financial statements.

60 Capital Income Builder

Expense example unaudited

As a fund shareholder, you incur two types of costs: (1) transaction costs, such as initial sales charges on purchase payments and contingent deferred sales charges on redemptions (loads), and (2) ongoing costs, including management fees, distribution and service (12b-1) fees, and other expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the fund so you can compare these costs with the ongoing costs of investing in other mutual funds. The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire six-month period (November 1, 2023, through April 30, 2024).

Actual expenses:

The first line of each share class in the table on the following page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading titled “Expenses paid during period” to estimate the expenses you paid on your account during this period.

Hypothetical example for comparison purposes:

The second line of each share class in the table on the following page provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio for the share class and an assumed rate of return of 5.00% per year before expenses, which is not the actual return of the share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the fund and other funds. To do so, compare this 5.00% hypothetical example with the 5.00% hypothetical examples that appear in the shareholder reports of the other funds.

Notes:

Retirement plan participants may be subject to certain fees charged by the plan sponsor, and Class F-1, F-2, F-3, 529-F-1, 529-F-2 and 529-F-3 shareholders may be subject to fees charged by financial intermediaries, typically ranging from 0.75% to 1.50% of assets annually depending on services offered. You can estimate the impact of these fees by adding the amount of the fees to the total estimated expenses you paid on your account during the period as calculated above. In addition, your ending account value would be lower by the amount of these fees.

Note that the expenses shown in the table on the following page are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads). Therefore, the second line of each share class in the table is useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Capital Income Builder 61

Expense example (continued)

	Beginning account value 11/1/2023		Ending account value 4/30/2024		Expenses paid during period*		Annualized expense ratio
Class A – actual return	$	1,000.00	$	1,122.55	$	3.17		.60	%
Class A – assumed 5% return		1,000.00		1,021.88		3.02		.60
Class C – actual return		1,000.00		1,118.33		7.11		1.35
Class C – assumed 5% return		1,000.00		1,018.15		6.77		1.35
Class T – actual return		1,000.00		1,123.90		1.85		.35
Class T – assumed 5% return		1,000.00		1,023.12		1.76		.35
Class F-1 – actual return		1,000.00		1,122.29		3.48		.66
Class F-1 – assumed 5% return		1,000.00		1,021.58		3.32		.66
Class F-2 – actual return		1,000.00		1,123.75		2.01		.38
Class F-2 – assumed 5% return		1,000.00		1,022.97		1.91		.38
Class F-3 – actual return		1,000.00		1,124.30		1.48		.28
Class F-3 – assumed 5% return		1,000.00		1,023.47		1.41		.28
Class 529-A – actual return		1,000.00		1,122.44		3.38		.64
Class 529-A – assumed 5% return		1,000.00		1,021.68		3.22		.64
Class 529-C – actual return		1,000.00		1,118.09		7.37		1.40
Class 529-C – assumed 5% return		1,000.00		1,017.90		7.02		1.40
Class 529-E – actual return		1,000.00		1,121.23		4.54		.86
Class 529-E – assumed 5% return		1,000.00		1,020.59		4.32		.86
Class 529-T – actual return		1,000.00		1,123.78		2.11		.40
Class 529-T – assumed 5% return		1,000.00		1,022.87		2.01		.40
Class 529-F-1 – actual return		1,000.00		1,123.40		2.48		.47
Class 529-F-1 – assumed 5% return		1,000.00		1,022.53		2.36		.47
Class 529-F-2 – actual return		1,000.00		1,123.85		2.01		.38
Class 529-F-2 – assumed 5% return		1,000.00		1,022.97		1.91		.38
Class 529-F-3 – actual return		1,000.00		1,124.18		1.74		.33
Class 529-F-3 – assumed 5% return		1,000.00		1,023.22		1.66		.33
Class R-1 – actual return		1,000.00		1,118.30		7.22		1.37
Class R-1 – assumed 5% return		1,000.00		1,018.05		6.87		1.37
Class R-2 – actual return		1,000.00		1,118.35		7.22		1.37
Class R-2 – assumed 5% return		1,000.00		1,018.05		6.87		1.37
Class R-2E – actual return		1,000.00		1,119.97		5.69		1.08
Class R-2E – assumed 5% return		1,000.00		1,019.49		5.42		1.08
Class R-3 – actual return		1,000.00		1,120.87		4.85		.92
Class R-3 – assumed 5% return		1,000.00		1,020.29		4.62		.92
Class R-4 – actual return		1,000.00		1,122.55		3.32		.63
Class R-4 – assumed 5% return		1,000.00		1,021.73		3.17		.63
Class R-5E – actual return		1,000.00		1,123.63		2.27		.43
Class R-5E – assumed 5% return		1,000.00		1,022.73		2.16		.43
Class R-5 – actual return		1,000.00		1,124.15		1.69		.32
Class R-5 – assumed 5% return		1,000.00		1,023.27		1.61		.32
Class R-6 – actual return		1,000.00		1,124.27		1.48		.28
Class R-6 – assumed 5% return		1,000.00		1,023.47		1.41		.28

* The “expenses paid during period” are equal to the “annualized expense ratio,” multiplied by the average account value over the period, multiplied by the number of days in the period, and divided by 366 (to reflect the one-half year period).

62 Capital Income Builder

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, 2025. 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.

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 relevant market and fund indexes over various periods (including the fund’s lifetime) through June 30, 2023. They generally placed greater emphasis on investment results over longer term periods. 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 sufficient 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.

Capital Income Builder 63

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.

64 Capital Income Builder

Liquidity Risk Management Program unaudited

The fund has adopted a liquidity risk management program (the “program”). The fund’s board has designated Capital Research and Management Company (“CRMC”) as the administrator of the program. Personnel of CRMC or its affiliates conduct the day-to-day operation of the program pursuant to policies and procedures administered by the Capital Group Liquidity Risk Management Committee.

Under the program, CRMC manages the fund’s liquidity risk, which is the risk that the fund could not meet shareholder redemption requests without significant dilution of remaining shareholders’ interests in the fund. This risk is managed by monitoring the degree of liquidity of the fund’s investments, limiting the amount of the fund’s illiquid investments, and utilizing various risk management tools and facilities available to the fund for meeting shareholder redemptions, among other means. CRMC’s process of determining the degree of liquidity of the fund’s investments is supported by one or more third-party liquidity assessment vendors.

The fund’s board reviewed a report prepared by CRMC regarding the operation and effectiveness of the program for the period October 1, 2022, through September 30, 2023. No significant liquidity events impacting the fund were noted in the report. In addition, CRMC provided its assessment that the program had been effective in managing the fund’s liquidity risk.

Capital Income Builder 65

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66 Capital Income Builder

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Capital Income Builder 67

Office of the fund

333 South Hope Street
Los Angeles, CA 90071-1406

Investment adviser

Capital Research and Management Company
333 South Hope Street
Los Angeles, CA 90071-1406

Transfer agent for shareholder accounts

American Funds Service Company

(Write to the address nearest you.)

P.O. Box 6007
Indianapolis, IN 46206-6007

P.O. Box 2280
Norfolk, VA 23501-2280

Custodian of assets

JPMorgan Chase Bank
270 Park Avenue
New York, NY 10017-2070

Counsel

O’Melveny & Myers LLP

400 South Hope Street
Los Angeles, CA 90071-2899

Independent registered public accounting firm

PricewaterhouseCoopers LLP
601 South Figueroa Street
Los Angeles, CA 90017-3874

Principal underwriter

American Funds Distributors, Inc.
333 South Hope Street
Los Angeles, CA 90071-1406

68 Capital Income Builder

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.

“American Funds Proxy Voting Procedures and Principles” — which describes how we vote proxies relating to portfolio securities — is available on our website or upon request by calling AFS. The fund files its proxy voting record with the U.S. Securities and Exchange Commission (SEC) for the 12 months ended June 30 by August 31. The proxy voting record is available free of charge on the SEC website at sec.gov and on our website.

Capital Income Builder files a complete list of its portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form NPORT-P. The list of portfolio holdings is available free of charge on the SEC website and on our website.

This report is for the information of shareholders of Capital Income Builder, but it also may be used as sales literature when preceded or accompanied by the current prospectus or summary prospectus, which gives details about charges, expenses, investment objectives and operating policies of the fund. If used as sales material after June 30, 2024, this report must be accompanied by an American Funds statistical update for the most recently completed calendar quarter.

Bloomberg^® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Neither Bloomberg nor Bloomberg’s licensors approves or endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

MSCI has not approved, reviewed or produced this report, makes no express or implied warranties or representations and is not liable whatsoever for any data in the report. You may not redistribute the MSCI data or use it as a basis for other indices or investment products.

On or around July 1, 2024, American Funds Distributors, Inc. will be renamed Capital Client Group, Inc.

The Capital Advantage^®

Since 1931, Capital Group, home of American Funds, has helped investors pursue long-term investment success. Our consistent approach — in combination with The Capital System^TM — has resulted in superior outcomes.

Aligned with investor success

We base our decisions on a long-term perspective, which we believe aligns our goals with the interests of our clients. Our portfolio managers average 28 years of investment industry experience, including 22 years at our company, reflecting a career commitment to our long-term approach.¹

The Capital System

The Capital System combines individual accountability with teamwork. Funds using The Capital System are divided into portions that are managed independently by investment professionals with diverse backgrounds, ages and investment approaches. An extensive global research effort is the backbone of our system.

American Funds’ superior outcomes

Equity-focused funds have beaten their Lipper peer indexes in 84% of 10-year periods and 97% of 20-year periods.² Relative to their peers, our fixed income funds have helped investors achieve better diversification through attention to correlation between bonds and equities.³ Fund management fees have been among the lowest in the industry.⁴

1	Investment industry experience as of December 31, 2023.
2	Based on Class F-2 share results for rolling monthly 10- and 20-year periods starting with the first 10- or 20-year period after each mutual fund’s inception through December 31, 2023. Periods covered are the shorter of the fund’s lifetime or since the comparable Lipper index inception date (except Capital Income Builder and SMALLCAP World Fund, for which the Lipper average was used). Expenses differ for each share class, so results will vary. Past results are not predictive of results in future periods.
3	Based on Class F-2 share results as of December 31, 2023. Thirteen of the 18 fixed income American Funds that have been in existence for the three-year period showed a three-year correlation lower than their respective Morningstar peer group averages. S&P 500 Index was used as an equity market proxy. Correlation based on monthly total returns. Correlation is a statistical measure of how a security and an index move in relation to each other. A correlation ranges from -1 to 1. A positive correlation close to 1 implies that as one moved, either up or down, the other moved in “lockstep,” in the same direction. A negative correlation close to -1 indicates the two have moved in the opposite direction.
4	On average, our mutual fund management fees were in the lowest quintile 55% of the time, based on the 20-year period ended December 31, 2023, versus comparable Lipper categories, excluding funds of funds.

Class F-2 shares were first offered on August 1, 2008. Class F-2 share results prior to the date of first sale are hypothetical based on the results of the original share class of the fund without a sales charge, adjusted for typical estimated expenses. Results for certain funds with an inception date after August 1, 2008, also include hypothetical returns because those funds’ Class F-2 shares sold after the funds’ date of first offering. Refer to capitalgroup.com for more information on specific expense adjustments and the actual dates of first sale.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

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 – Schedule of Investments

Not applicable, insofar as the schedule is included as part of the report to shareholders filed under Item 1 of this Form.

ITEM 7 – 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 8 – 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 9 – 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 10 – 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. While the committee normally is able to identify from its own 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 11 – 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 12 – 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 13 – 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 and 906 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: June 28, 2024

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: June 28, 2024

By ___/s/ Gregory F. Niland    __________

Gregory F. Niland, Treasurer and

Principal Financial Officer

Date: June 28, 2024