Capital Income Fund

Capital Income Fund BMutual FundsAsset Allocation

Overview

AT A GLANCE
Portfolio
Assets
$1.3 Billion
YTD Return NAV
7.26%
Multi-Asset
Horiziontally divided upward facing pyramid, icon.
Gross
Expenses  †
1.85%
Net
Expenses  †
1.75%
STRATEGY

Seeks current income and long-term growth of income. Capital appreciation is a secondary objective. The fund will seek to achieve its investment objectives by investing in both equity and fixed-income securities that have relatively high current income potential.

KEY FACTS
Key Facts - Part 1
Symbol Capital Income Fund B
Benchmark 40% Russell 1000® Value Index/20% Bloomberg Barclays Emerging Markets United States Dollar Aggregate Index/20% Bloomberg Barclays United States Corporate High Yield 2% Issuer Capped Index/20% Bloomberg Barclays United States Mortgage Backed Securities Index
Key Facts - Part 2
Fund Number(s)
631
CUSIP 31420C860
Performance Incp. Date
MORNINGSTAR CATEGORY & STYLE
Category
Allocation--30% to 50% Equity
Style
Morningstar Style Box
      Large
      Medium
      Small
Value Blend Growth  
Category
Allocation--30% to 50% Equity
Style
Morningstar Style Box
      High
      Medium
      Low
Ltd Mod Ext  
INVESTMENT GOALS Retirement
Growth
Income
MANAGERS
John Nichol, CFA
Senior Vice President
Senior Portfolio Manager
Head of Growth & Income Team

joined Federated
26 years of experience
Linda Bakhshian, CPA, CA
Vice President
Senior Portfolio Manager

joined Federated
20 years of experience
Jerome Conner, CFA
Vice President
Senior Investment Analyst/ Portfolio Manager

joined Federated
22 years of experience
Todd Abraham, CFA
Senior Vice President
Senior Portfolio Manager, Head of Government/ Mortgage Backed Fixed Income Group

joined Federated
29 years of experience
Mark Durbiano, CFA
Senior Vice President
Senior Portfolio Manager
Head of Domestic High Yield Group
Head of Bond Sector Pod/ Committee

joined Federated
36 years of experience
Ihab Salib
Senior Vice President
Senior Portfolio Manager
Head of International Fixed Income Group

joined Federated
26 years of experience

Performance

Characteristics

Commentary

Documents

Distributions and Taxes

DISCLOSURES

† The funds expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the funds Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 02/01/2020 or the date of the funds next effective prospectus.

The B Shares of this Federated fund are closed to new investors and new investments from existing shareholders (excluding reinvestment of dividends and capital gains and to exchanges from B Shares of other Federated Funds).

 

Total returns for periods of less than one year are cumulative.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

There are no guarantees that dividend-paying stocks will continue to pay dividends. In addition, dividend-paying stocks may not experience the same capital appreciation potential as non-dividend-paying stocks.

International investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards. Prices of emerging-market securities can be significantly more volatile than the prices of securities in developed countries, and currency risk and political risks are accentuated in emerging markets

High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Mutual funds are subject to risks and fluctuate in value.

Diversification does not assure a profit nor protect against loss.

Product classifications noted at the top are Federated's internal classifications.

The ratings agencies that provided the quality breakdown ratings are Standard and Poor's, Moody's and Fitch. When ratings vary, the highest rating is used. Credit ratings of A or better are considered to be high credit quality; credit ratings of BBB are good credit quality, and the lowest category of investment grade; credit ratings BB and below are lower-rated securities ("junk bonds"); and credit ratings of CCC or below have high default risk. The credit quality breakdown does not give effect to the impact of any credit derivative investments made by the fund.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

927828923