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CAPAX Federated Capital Income A

  • Fund
  • CAPAX
  • Price as of: Dec 15, 2017
  • $8.13
  • + $0.02
  • + 0.25%
  • Category
  • Diversified Portfolio

CAPAX - Profile

Vitals

  • YTD Return 5.7%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 5.2%
  • Net Assets $1.8 B
  • Holdings in Top 10 55.1%

52 WEEK LOW AND HIGH

$8.13
$7.69
$8.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 71.00%

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 5.7%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.32%
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 5.7% -56.6% 455.1% 55.59% 3
1 Yr 10.9% -26.7% 45.9% 50.46% 3
3 Yr 2.7% * -11.4% 12.2% 74.92% 4
5 Yr 5.2% * -11.6% 15.7% 67.69% 4
10 Yr 5.2% * -6.3% 9.0% 39.91% 3

* Annualized


Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.4% -65.8% 23.3% 36.33% 3
2015 -10.9% -37.7% 48.7% 75.22% 5
2014 -3.5% -59.3% 22.9% 68.71% 5
2013 6.8% -17.5% 36.4% 51.34% 3
2012 5.2% -16.2% 18.4% 68.77% 4

Total Return Ranking - Trailing

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.7% -56.6% 455.1% 55.80% 3
1 Yr 4.8% -28.0% 73.2% 72.76% 4
3 Yr 0.8% * -11.4% 28.2% 84.84% 5
5 Yr 4.0% * -11.9% 15.7% 77.59% 4
10 Yr 4.6% * -6.3% 9.0% 53.44% 3

* Annualized


Total Return Ranking - Calendar

Period CAPAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.2% -65.6% 32.0% 18.56% 1
2015 -6.5% -29.3% 50.4% 81.62% 5
2014 2.8% -54.8% 25.4% 74.39% 4
2013 15.4% -16.7% 57.2% 48.37% 3
2012 15.3% -16.2% 74.5% 35.91% 2

NAV & Total Return History

CAPAX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

CAPAX Category Low Category High CAPAX % Rank Quintile
Net Assets 1.8 B 81.4 K 121 B 5.89% 2
Number of Holdings 304 1 12849 8.42% 2
Net Assets in Top 10 960 M -654 M 23.3 B 5.44% 2
Weighting of Top 10 55.1% 0.2% 455.9% 17.61% 3

Top 10 Holdings

  1. High Yield Bond Portfolio 21.35%
  2. Federated Emerging Markets Core 13.28%
  3. Federated Mortgage Core Portfolio 12.01%
  4. Us 2yr Note (Cbt) Dec17 Xcbt 20171229 1.75%
  5. US 10YR ULTRA FUT DEC17 XCBT 20171219 1.60%
  6. Us 5yr Note (Cbt) Dec17 Xcbt 20171229 1.59%
  7. Liberty Media 3.5% 0.85%
  8. Texas Instruments Inc 1.01%
  9. AT&T Inc 0.83%
  10. Wal-Mart Stores Inc 0.82%

Asset Allocation

Weighting Category Low Category High CAPAX % Rank Quintile
Stocks
41.36% -1.21% 146.47% 21.93% 4
Bonds
37.62% -109.09% 124.94% 12.93% 2
Other
14.20% -6.08% 98.84% 1.88% 1
Preferred Stocks
3.95% -0.04% 119.94% 2.47% 1
Convertible Bonds
1.96% 0.00% 33.12% 3.39% 1
Cash
0.92% -149.38% 110.98% 26.08% 5

Stock Sector Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
Financial Services
8.44% -8.51% 69.58% 14.04% 3
Technology
6.47% -6.57% 70.04% 17.55% 3
Consumer Cyclical
4.66% -10.84% 54.37% 15.89% 3
Healthcare
4.20% -8.22% 31.05% 18.01% 4
Energy
3.97% -4.89% 33.81% 8.73% 2
Industrials
3.40% -2.74% 48.84% 18.98% 4
Consumer Defense
2.88% -2.25% 27.69% 13.86% 4
Basic Materials
2.40% -2.54% 21.85% 10.72% 3
Utilities
1.98% -2.48% 47.20% 7.30% 2
Real Estate
1.75% -3.87% 87.96% 13.16% 3
Communication Services
1.20% -1.63% 27.16% 11.13% 4

Stock Geographic Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
US
35.43% -97.12% 143.85% 18.02% 3
Non US
5.93% -11.38% 150.81% 22.23% 4

Bond Sector Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
Corporate
30.65% 0.00% 212.43% 4.67% 1
Securitized
10.98% -0.01% 64.34% 8.19% 2
Government
1.71% -339.71% 106.48% 24.15% 4
Cash & Equivalents
0.92% -145.53% 110.98% 25.30% 5
Derivative
0.00% -84.53% 24.98% 3.71% 4
Municipal
0.00% 0.00% 207.05% 7.46% 5

Bond Geographic Breakdown

Weighting Category Low Category High CAPAX % Rank Quintile
US
34.17% -186.20% 130.41% 11.02% 2
Non US
3.45% -57.44% 165.66% 16.70% 3

CAPAX - Expenses

Operational Fees

CAPAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.05% 0.00% 165.34% 14.48% 3
Management Fee 0.60% 0.00% 2.55% 3.02% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.10% 0.00% 0.83% 2.15% 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 71.00% 0.00% 5910.00% 8.38% 4

CAPAX - Distributions

Dividend Yield Analysis

CAPAX Category Low Category High CAPAX % Rank Quintile
Dividend Yield 0.6% 0.00% 11.33% 4.48% 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 4.32% -3.27% 12.91% 2.02% 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

8.01

Tenure Rank

2.9%

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

3.65

Tenure Rank

5.3%

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

4.55

Tenure Rank

4.7%

Ihab Salib is a Senior Portfolio Manager and Head of the International Fixed Income Group and has been the Portfolio Manager of the emerging markets affiliated fund since May 2013. Mr. Salib joined Federated in April 1999 as a Senior Fixed Income Trader/Assistant Vice President of the emerging markets affiliated fund's Adviser. In July 2000, he was named a Vice President and in 2007 was named Senior Vice President. From January 1994 through March 1999, Mr. Salib was employed as a Senior Global Fixed Income Analyst with UBS Brinson, Inc. Mr. Salib received his B.A. with a major in Economics from Stony Brook University.


Todd A. Abraham

Manager

Start Date

Aug 31, 1996

Tenure

21.26

Tenure Rank

0.4%

Todd A. Abraham is the Head of the Government/Mortgage-Backed Fixed Income Group. Mr. Abraham has been a Senior Portfolio Manager from 2007, Portfolio Manager from 1995 to 2006, a Senior Vice President since 2007 and a Vice President of Federated from 1997 to 2006. 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

21.26

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

16.95

Tenure Rank

0.7%

Mr. Nichol joined Federated in September 2000 as an Assistant Vice President/Senior Investment Analyst. He has been a Portfolio Manager since December 2000 and was named a Vice President of the Fund's Co-Adviser, FEMCOPA in July 2001. Mr. Nichol served as a portfolio manager and analyst for the Public Employees Retirement System of Ohio from 1992 through August 2000. Mr. Nichol has received the Chartered Financial Analyst designation. He received his M.B.A. with an emphasis in Finance and Management and Information Science from the Ohio State University.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.65

Category Mode

0.7