Capital Group Capital Income Builder (Z) Class Z - Accumulation (GBP)

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Philip Winston is an equity portfolio manager at Capital Group. He has 28 years of investment experience and has been with Capital Group for 16 years. Earlier in his career, in addition to being a portfolio manager, Philip was an equity investment analyst at Capital covering U.K. property and paper & packaging companies, as well as European property and media companies. Before joining Capital, he was a director and U.K. equity fund manager at BZW Investment Management in London. Prior to that, he worked at Orion Royal Bank in London and New York. He holds a PhD and a master's degree in history from Cambridge University. Philip is based in London.

Steven T. Watson is an equity portfolio manager at Capital Group. He has 27 years of investment experience and has been with Capital Group for 25 years. Earlier in his career, as an equity investment analyst at Capital, he covered Asian property and transportation, as well as European transportation and utilities companies. Before joining Capital, Steve was a buy-side research analyst for Sanford C. Bernstein & Co. in New York. He holds an MBA in finance from New York University Graduate School of Business Administration, a master's degree in French studies from New York University Institute of French Studies and a bachelor's degree in French from the University of Massachusetts graduating cum laude. He also studied Mandarin Chinese at Wuhan University and the Shanghai Foreign Language Institute in China. Steve is based in Hong Kong.

William L. Robbins is an equity portfolio manager at Capital Group. He also serves on the Capital Group Private Client Services Management Committee and the Portfolio Solutions Committee. He has 27 years of investment experience and has been with Capital Group for 25 years. Earlier in his career, as an equity investment analyst at Capital, Will covered small-capitalization companies, REITS and U.S. banks. Prior to joining Capital, he was a part of the investment team at Tiger Management Corp. in New York and a financial analyst with Morgan Stanley. Will holds an MBA from Harvard Business School and a bachelor's degree from Harvard College graduating magna cum laude. Will is based in San Francisco.

Charles E. Ellwein is an equity portfolio manager at Capital Group. As an equity investment analyst, he covers U.S. commercial & professional services and Canada as a generalist. He has 25 years of investment experience and has been with Capital Group for 16 years. Earlier in his career at Capital, he also covered U.S. Exchanges and global telecom equipment. Prior to joining Capital, he was a managing member at Farallon Capital Management in San Francisco responsible for investments in the technology and media sectors. He holds an MBA with honors from Stanford Graduate School of Business and a bachelor's degree with honors in electrical engineering from Brown University. Charles is based in San Francisco.

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Bradley J. Vogt is an equity portfolio manager at Capital Group. He is chairman of Capital Research Company. and serves on the Capital Group Companies Management Committee. Brad has 28 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, he covered environmental services, U.S. telecommunications and cable & satellite TV companies. Brad began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor's degree in international politics and economics from Wesleyan University. Brad is based in Washington, D.C. Brad looks to invest in fundamentally strong companies with sustainable market positions. Organic revenue growth, returns on investment and margin sustainability are more important than cheap current valuation. Brad pays a lot of attention to subscription businesses and enterprises with high levels of recurring revenue. Management quality and market share positions are important factors for Brad. One of his frames for investing is that technology is allowing a number of well-managed companies to access markets and reduce costs, leading to attractive growth and returns despite low aggregate macroeconomic growth. Return of capital, particularly dividends and dividend growth, are a focus for Brad. His goal is to have lower than average portfolio turnover and relatively high portfolio.

David A. Hoag is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee. He has 31 years of investment experience and has been with Capital Group for 27 years. Earlier in his career, as a fixed income investment analyst at Capital, he covered municipal bonds. Prior to joining Capital, David worked as a municipal bond analyst for Van Kampen Merritt Investment Advisory Corp. in Lisle, Illinois. He holds an MBA in finance from the University of Chicago Booth School of Business and a bachelor's degree in economics and business from Wheaton College, Illinois. David is based in Los Angeles.

Grant L. Cambridge is a portfolio manager at Capital Group. He has 24 years of investment experience and has been with Capital Group for 20 years. Earlier in his career, as an equity investment analyst at Capital, he covered insurance, airlines, air freight, home builders, asset managers and software companies, as well as small- and mid-cap companies. Prior to joining Capital, he worked for BTM Capital, a subsidiary of the Bank of Tokyo-Mitsubishi in Boston. He holds an MBA from Harvard Business School, a master's degree from Suffolk University and a bachelor's degree from Bentley College. Grant is based in Los Angeles.

Alfonso Barroso is an equity portfolio manager at Capital Group. He has 18 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Alfonso covered retail companies in Europe and Latin America, European real-estate and REITs, and European internet and telecommunication services. Alfonso began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor's degree with honors in economics and Hispanic studies from Harvard University. Alfonso is based in London.

Fergus N. MacDonald is a fixed income portfolio manager at Capital Group. He also serves on the Fixed Income Management Committee. He has 26 years of investment experience and has been with Capital Group for 15 years. Earlier in his career at Capital, he was a fixed income investment analyst covering mortgage-backed securities. Prior to joining Capital, he was a vice president at Goldman Sachs & Co. and an associate in the derivative products group at Morgan Stanley. Before that, Fergus was a consultant and actuary at Hewitt Bacon & Woodrow in London. He holds a graduate degree in applied mathematics and theoretical physics from Cambridge University and a bachelor's degree with first-class honors in mathematics from the Imperial College of Science Technology and Medicine. Fergus is based in Los Angeles.

James B. Lovelace is an equity portfolio manager at Capital Group. He has 34 years of investment experience, all with Capital Group. Earlier in his career, as an equity investment analyst at Capital, Jim covered beverages & tobacco, restaurants & lodging, household products and personal care companies. Jim began his career at Capital as a participant in The Associates Program, a two-year series of work assignments in various areas of the organization. He holds a bachelor's degree with honors in philosophy from Swarthmore College. He also holds the Chartered Financial Analyst® designation and is a member of the Los Angeles Society of Financial Analysts. Jim is based in Los Angeles. Jim's investment approach embraces growth and income as a core strategy rather than just an investment category. He strives to earn a solid yield as the foundation of his long-term investment results. In order to achieve an above-average portfolio yield, he focuses on those companies with substantial current dividend yields to balance with those of average yield but higher growth of income. Jim describes his buying approach as being ?less worried about buying it ?just right' and more interested in what the dividend will be in three to five years.? His approach leads to a portfolio with less volatility and less turnover than most others. Investments stay in Jim's portfolios for a long time as evidenced by his very low turnover of about 10% in any given year.

Winnie Kwan is an equity portfolio manager at Capital Group. She has 20 years of investment experience and has been with Capital Group for 17 years. Earlier in her career, as an equity investment analyst at Capital, she covered global exchanges, Asian utilities and small-cap companies. Prior to joining Capital, Winnie worked with Morgan Stanley in London, Hong Kong and Singapore. She holds both master's and bachelor's degrees in economics from Trinity College at the University of Cambridge. She also holds the Chartered Financial Analyst® designation. Winnie is based in Hong Kong.