Investment Income Builder Fund - Portfolio

Sector Allocation as of

Financials
23.8%
Communication Services
20.5%
Information Technology
18.5%
Health Care
11.6%
Consumer Staples
5.1%
Energy
4.5%
Consumer Discretionary
4.0%
Utilities
3.6%
Materials
3.2%
Real Estate
3.1%
Industrials
1.9%
Unassigned
0.2%
Percent of equities.

Top Ten Industry Groups as of

Telecommunication Services
20.5%
Semiconductors & Equipment
13.7%
Diversified Financials
13.6%
Pharma, Biotech & Life Sciences
11.6%
Banks
6.1%
Food & Staples Retailing
5.0%
Technology Hardware & Equipment
4.9%
Energy
4.5%
Insurance
4.2%
Retailing
4.0%
Percent of equities.

Top Ten Equity Positions as of

% OF PORTFOLIO
Taiwan Semiconductor Manufacturing Co. Ltd. 5.0%
Orange S.A. 4.1%
China Mobile Ltd. 4.1%
Deutsche Telekom AG 3.3%
The Home Depot, Inc. 3.3%
Broadcom, Inc. 3.2%
Samsung Electronics Co. Ltd. 3.0%
Vodafone Group plc 2.9%
CME Group, Inc. 2.8%
AbbVie, Inc. 2.6%

Top Five Fixed Income Positions as of

% OF PORTFOLIO
Telefonica Emisiones S.A. 1.3%
The Williams Cos, Inc. 0.8%
QBE Insurance Group Ltd. 0.5%
Vector Group Ltd. 0.5%
Transcontinental Gas Pipe Line Co., LLC 0.4%
Portfolio holdings are subject to change.

Key Portfolio Attributes as of

Fund Assets $9.2 B
Equity Statistics
Portfolio P/E Forecast 12 Months* 11.9x
Portfolio P/E Trailing 12 Months* 11.3x
Median Market Capitalization* $31.6 B
Number of Equities 58
7-Year Beta* (A Shares vs. Investment Income Builder Blend) 1.11
7-Year Beta* (A Shares vs. MSCI World NTR) 0.83
Active Share* (vs. MSCI World NTR) 93.5%
Fixed-Income Statistics
Number of Bonds 200
Yield to Worst 7.4%
Average Effective Maturity 6.6 Yrs
Effective Duration 3.9 Yrs
* Source: FactSet

Portfolio Composition as of

Domestic Equity
34.9%
Foreign Equity
46.5%
Domestic Corporate Bonds
7.0%
Domestic Other Bonds
6.0%
Foreign Bonds
4.4%
Cash & Cash Equivalents
1.2%
The percentages may not add up to 100 due to rounding.

Capitalization Exposure as of

Large Cap (> $12 B)
87.8%
Mid Cap ($2.5 to $12 B)
7.3%
Small Cap (< $2.5 B)
4.9%
Percent of common stock. The percentages may not add up to 100 due to rounding.

Credit Quality Ratings as of

Investment Grade
39.2%
Below Investment Grade
46.9%
Not Rated
13.9%
Percent of debt obligations. The percentages may not add up to 100 due to rounding.

Credit Quality Breakdown as of

AAA
2.2%
AA
0.1%
A
0.6%
BBB
36.3%
BB
17.6%
B
23.2%
CCC
5.9%
D
0.1%
Not Rated
13.9%
Percent of debt obligations. The percentages may not add up to 100 due to rounding.
Important Information