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CAPAX Federated Capital Income A

  • Fund
  • CAPAX
  • Price as of: Dec 09, 2016
  • $7.73
  • + $0.01
  • + 0.13%
  • Category
  • Diversified Portfolio

CAPAX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return 5.5%
  • Net Assets $2.2 B
  • Holdings in Top 10 67.3%

52 WEEK LOW AND HIGH

$7.73
$7.02
$7.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 89.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,500

IRA

$250

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return -0.8%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.42%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Federated Capital Income Fund
  • Fund Family Name Federated
  • Inception Date May 27, 1988
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Linda Bakhshian

CAPAX - Performance

Return Ranking - Trailing

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -66.0% 23.3% 58.37% 4
1 Yr 3.8% -37.1% 45.9% 38.73% 2
3 Yr 1.1% * -13.0% 11.8% 80.25% 5
5 Yr 5.5% * -11.0% 13.7% 63.96% 4
10 Yr 4.6% * -5.5% 8.1% 42.51% 3

* Annualized


Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.9% -37.7% 48.7% 74.51% 5
2014 -3.5% -59.3% 14.8% 67.92% 5
2013 6.8% -17.5% 36.4% 50.59% 3
2012 5.2% -16.2% 18.4% 68.65% 4
2011 -0.8% -30.5% 7.4% 25.19% 2

Total Return Ranking - Trailing

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.8% -65.8% 32.0% 28.46% 2
1 Yr -1.9% -40.3% 73.2% 77.93% 4
3 Yr -0.8% * -14.0% 28.2% 89.40% 5
5 Yr 4.3% * -11.4% 13.7% 75.33% 4
10 Yr 4.0% * -5.5% 8.1% 58.13% 3

* Annualized


Total Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.5% -29.3% 50.4% 79.65% 5
2014 2.8% -54.8% 25.4% 73.23% 4
2013 15.4% -16.7% 57.2% 47.61% 3
2012 15.3% -16.2% 74.5% 35.63% 2
2011 6.7% -25.3% 15.8% 5.06% 1

NAV & Total Return History

CAPAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

CAPAX Category Low Category High CAPAX % Rank Quintile
Net Assets 2.2 B 81.4 K 100 B 4.34% 1
Number of Holdings 285 1 12494 7.83% 2
Net Assets in Top 10 1.24 B -654 M 20.2 B 3.84% 1
Weighting of Top 10 67.3% 0.2% 816.2% 13.96% 3

Top 10 Holdings

  1. High Yield Bond Portfolio 23.15%
  2. Federated Core Tr 14.44%
  3. Federated Mortgage Core Portfolio 13.84%
  4. Us 10yr Note (Cbt)dec16 5.29%
  5. Us 10yr Note (Cbt)dec16 3.62%
  6. S&P 500 Index Future Dec16 2.13%
  7. Us 5yr Note (Cbt) Dec16 1.66%
  8. Stanley Black & Decker 0.99%
  9. Anthem, Inc., Conv. Pfd., 5.25%, 05/01/2018 1.16%
  10. Post Hldgs 1.04%

Asset Allocation

Weighting Category Low Category High CAPAX % Rank Quintile
Bonds
43.82% -41.48% 861.65% 10.55% 2
Stocks
28.39% -49.32% 151.04% 25.54% 4
Other
19.43% -15.48% 99.72% 1.74% 1
Preferred Stocks
6.56% -0.92% 35.22% 1.05% 1
Cash
1.81% -794.77% 139.25% 24.12% 5
Convertible Bonds
0.00% 0.00% 33.12% 7.19% 5

Stock Sector Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
Financial Services
4.54% -5.07% 69.58% 19.17% 4
Technology
3.73% -8.03% 70.04% 20.33% 4
Consumer Defense
3.57% -4.74% 27.69% 12.72% 3
Industrials
3.19% -4.02% 48.84% 18.48% 4
Communication Services
2.76% -2.53% 27.16% 5.39% 2
Consumer Cyclical
2.32% -6.02% 54.37% 20.43% 4
Utilities
2.31% -7.18% 47.20% 5.76% 2
Energy
2.19% -2.68% 33.46% 15.09% 4
Healthcare
1.85% -1.46% 29.90% 21.73% 5
Real Estate
1.69% -8.01% 48.98% 13.32% 3
Basic Materials
0.35% -1.82% 21.85% 16.67% 5

Stock Geographic Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
US
25.82% -97.12% 148.25% 21.69% 4
Non US
2.57% -2.98% 150.26% 23.57% 4

Bond Sector Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
Corporate
33.25% 0.00% 90.42% 4.39% 1
Securitized
12.97% -0.01% 40.54% 6.45% 2
Government
3.85% -91.64% 806.44% 20.78% 4
Cash & Equivalents
1.81% -794.84% 138.37% 23.62% 4
Derivative
0.19% -84.53% 32.28% 2.38% 1
Municipal
0.00% 0.00% 91.28% 7.46% 5

Bond Geographic Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
US
40.27% -154.38% 699.68% 8.28% 2
Non US
3.55% -57.44% 198.64% 17.21% 4

CAPAX - Expenses

Operational Fees

CAPAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.06% 0.00% 165.34% 14.19% 3
Management Fee 0.60% 0.00% 2.55% 3.16% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.83% 1.46% 4

Sales Fees

CAPAX Fees (% of AUM) Category Low Category High CAPAX Rank Quintile
Front Load 5.50% 0.14% 5.75% 0.46% 3
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

CAPAX Fees (% of AUM) Category Low Category High CAPAX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CAPAX Fees (% of AUM) Category Low Category High CAPAX Rank Quintile
Turnover 89.00% 0.00% 5609.00% 7.61% 4

CAPAX - Distributions

Dividend Yield Analysis

CAPAX Category Low Category High CAPAX % Rank Quintile
Dividend Yield 0.6% 0.00% 11.33% 4.28% 1

Dividend Distribution Analysis

CAPAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CAPAX Category Low Category High CAPAX % Rank Quintile
Net Income Ratio 5.42% -2.96% 9.94% 0.64% 1

Capital Gain Distribution Analysis

CAPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

CAPAX - Managers

Linda Bakhshian

Lead Manager

Start Date

Nov 30, 2009

Tenure

7.01

Tenure Rank

2.8%

Ms. Bakhshian joined Federated in 2007 and is a Vice President of the Fund’s Adviser. Previously, she served as an equity research analyst with the Principal Financial Group from September 2002 to October 2007. Ms. Bakhshian has earned the Chartered Accountant designation and received her B.B. from the University of New England (Australia).


Jerome D. Conner

Manager

Start Date

Apr 08, 2014

Tenure

2.65

Tenure Rank

5.4%

CFA, Vice President, Senior Investment Analyst, Portfolio Manager. Responsible for portfolio management and research in the domestic fixed income area, concentrating on high grade corporate and commercial mortgage backed securities. Previous associations: Associate, Riggs Capital Partners; Associate, Allied Capital; Relationship Manager, Mellon Bank Corporate Banking Department; Officer, U.S. Marine Corps. B.S., U.S. Naval Academy; M.S., Boston University. Professional affiliation: CFA Society of Pittsburgh. Joined Federated 2002; Investment Experience: 18 Years.


Ihab L. Salib

Manager

Start Date

May 13, 2013

Tenure

3.55

Tenure Rank

4.7%

Senior Vice President, Senior Portfolio Manager, Head of International Fixed Income Group. Responsible for product strategy, portfolio management, and research in the international fixed income area. Previous associations: Senior Trader, global fixed income and foreign exchange securities, Federated Investors; Associate Director, Senior Analyst/Trader, UBS Brinson; Various positions at Bank of New York and Bankers Trust Company. B.A., State University of New York at Stony Brook. Joined Federated 1999


Todd A. Abraham

Manager

Start Date

Aug 31, 1996

Tenure

20.26

Tenure Rank

0.4%

Todd A. Abraham has been the mortgage-backed affiliated fund’s Portfolio Manager since August 1996. Mr. Abraham has been a Portfolio Manager since 1995 and a Senior Vice President of the mortgage-backed affiliated fund’s Adviser since 2007. Mr. Abraham joined Federated in 1993 as an Investment Analyst and served as Assistant Vice President from 1995 to 1997. Mr. Abraham served as a Portfolio Analyst at Ryland Mortgage Co. from 1992 to 1993. Mr. Abraham has received the Chartered Financial Analyst designation and an M.B.A. in Finance from Loyola College.


Mark E. Durbiano

Manager

Start Date

Aug 31, 1996

Tenure

20.26

Tenure Rank

0.4%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.


John L. Nichol

Lead Manager

Start Date

Dec 22, 2000

Tenure

15.95

Tenure Rank

0.6%

John L. Nichol, CFA, Vice President, Senior Portfolio Manager. Responsible for portfolio management and research in the domestic equity area. Previous association: Portfolio Manager, P.E.R.S. of Ohio; Certified Federal Thrift Regulator, U.S. Department of Treasury. B.S., M.B.A., Ohio State University. Joined Federated 2000.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.47

Category Mode

1.9