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Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.43

$694 M

1.99%

$0.17

1.86%

Vitals

YTD Return

4.1%

1 yr return

12.3%

3 Yr Avg Return

0.5%

5 Yr Avg Return

4.4%

Net Assets

$694 M

Holdings in Top 10

56.1%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.86%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 57.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.43

$694 M

1.99%

$0.17

1.86%

CAPCX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Capital Income Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    May 27, 2003
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Durbiano

Fund Description

The Fund pursues its investment objectives by investing primarily in both equity and fixed-income securities that have relatively high current income potential. The Fund’s investment adviser or subadviser (as applicable, “Adviser”) divides the Fund’s portfolio between equity and fixed-income investments by first allocating an amount to fixed-income investments sufficient to achieve a minimum income consistent with the Fund’s strategy of emphasizing relatively high current income potential. The Adviser then adjusts the initial allocation based on the Adviser’s expectations for the performance and risk of the stocks and bonds in which the Fund invests. The Adviser’s process for selecting equity investments attempts to identify primarily mid- to large-cap securities with dividend yields. The Adviser primarily selects fixed-income investments that offer relatively high current yields. The Adviser expects that these fixed-income investments will primarily be domestic investment-grade and noninvestment-grade fixed income securities (also known as “junk bonds” or “high-yield bonds”) and foreign investment-grade and noninvestment-grade fixed-income securities, including emerging market debt securities. The Fund may buy or sell foreign currencies in lieu of or in addition to non-dollar denominated fixed-income securities in order to increase or decrease its exposure to foreign interest rate and/or currency markets. The Adviser continuously analyzes a variety of economic and market indicators, considers the expected performance and risks unique to these categories of fixed-income investments, and attempts to strategically allocate among the categories to achieve strong income across changing business cycles. The Adviser does not target an average maturity or duration for the Fund’s portfolio and may invest in bonds of any maturity range.Certain of the government securities in which the Fund invests are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation (“Freddie Mac”), the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association (“Ginnie Mae”). Finally, the Fund may invest in government securities, from time to time, that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.To pursue the Fund’s investment strategy, the Adviser can invest in securities directly or in other investment companies, including, for example, affiliated funds advised by the Adviser or its affiliates (“Underlying Funds”). At times, the Fund’s investment in Underlying Funds may be a substantial portion of the Fund’s portfolio. The Fund may also invest in real estate investment trusts (REITs). The Fund may use derivative contracts and/or hybrid instruments to implement elements of its investment strategy. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative or hybrid instrument in an attempt to benefit from changes in the value of the underlying investment(s). Consistent with the Fund’s benchmark, the Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objectives.Portfolio TurnoverThe Fund actively trades its portfolio securities in an attempt to achieve its investment objectives. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Fund’s trading costs, which may have an adverse impact on the Fund’s performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.
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CAPCX - Performance

Return Ranking - Trailing

Period CAPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 0.2% 16.5% 19.95%
1 Yr 12.3% 1.1% 33.2% 9.86%
3 Yr 0.5%* -14.2% 6.8% 57.25%
5 Yr 4.4%* -4.2% 8.0% 49.61%
10 Yr 2.7%* 0.1% 8.8% 91.03%

* Annualized

Return Ranking - Calendar

Period CAPCX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -1.3% 27.4% 45.07%
2022 -15.5% -35.0% -7.4% 32.07%
2021 6.1% -11.5% 14.6% 13.38%
2020 5.4% -10.3% 40.7% 46.02%
2019 11.4% -9.5% 22.1% 27.78%

Total Return Ranking - Trailing

Period CAPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% 0.2% 16.5% 19.95%
1 Yr 12.3% 1.1% 33.2% 9.86%
3 Yr 0.5%* -14.2% 6.8% 57.25%
5 Yr 4.4%* -4.2% 8.0% 49.61%
10 Yr 2.7%* 0.1% 8.8% 91.03%

* Annualized

Total Return Ranking - Calendar

Period CAPCX Return Category Return Low Category Return High Rank in Category (%)
2023 9.5% -1.3% 28.2% 67.84%
2022 -13.3% -35.0% -3.1% 50.83%
2021 8.8% -11.5% 32.0% 30.17%
2020 8.6% -5.4% 40.7% 56.04%
2019 14.8% 4.5% 27.7% 56.08%

NAV & Total Return History


CAPCX - Holdings

Concentration Analysis

CAPCX Category Low Category High CAPCX % Rank
Net Assets 694 M 244 K 50.8 B 43.09%
Number of Holdings 295 3 5294 27.93%
Net Assets in Top 10 389 M 243 K 10.1 B 39.91%
Weighting of Top 10 56.09% 6.4% 127.7% 66.11%

Top 10 Holdings

  1. FEDERATED CORE TR MUTUAL FUND 15.53%
  2. FEDERATED CORE TR MTG CORE PORTFOLIO 14.64%
  3. FED HIGH YLD BOND PORT 11.60%
  4. U.S. Treasury Bonds 3.48%
  5. U.S. Treasury Notes 2.89%
  6. U.S. Treasury Notes 2.18%
  7. Microsoft Corp 2.02%
  8. Apple Inc 1.47%
  9. U.S. Treasury Notes 1.20%
  10. JPMorgan Chase Bank NA 1.07%

Asset Allocation

Weighting Return Low Return High CAPCX % Rank
Stocks
81.91% 0.00% 102.36% 56.21%
Bonds
16.32% 0.00% 80.16% 36.77%
Preferred Stocks
1.31% 0.00% 21.95% 7.98%
Convertible Bonds
0.44% 0.00% 71.77% 83.41%
Cash
0.36% -35.68% 28.05% 68.31%
Other
0.10% -0.27% 63.55% 35.21%

Stock Sector Breakdown

Weighting Return Low Return High CAPCX % Rank
Healthcare
16.00% 0.00% 24.25% 8.35%
Financial Services
15.52% 0.00% 83.50% 35.32%
Technology
12.12% 0.22% 27.92% 75.89%
Energy
9.43% 0.00% 62.93% 9.31%
Industrials
8.31% 0.14% 17.90% 88.31%
Communication Services
8.15% 0.00% 11.11% 19.81%
Consumer Defense
8.06% 0.00% 18.62% 32.70%
Utilities
7.72% 0.00% 48.33% 10.98%
Consumer Cyclical
6.73% 0.00% 14.20% 69.93%
Real Estate
6.39% 0.00% 43.16% 43.44%
Basic Materials
1.58% 0.00% 32.82% 98.33%

Stock Geographic Breakdown

Weighting Return Low Return High CAPCX % Rank
US
81.50% 0.00% 102.36% 56.34%
Non US
0.41% 0.00% 23.57% 27.00%

Bond Sector Breakdown

Weighting Return Low Return High CAPCX % Rank
Corporate
42.15% 0.00% 96.66% 32.94%
Government
25.95% 0.00% 63.33% 56.16%
Securitized
18.40% 0.00% 52.08% 43.60%
Derivative
0.00% -0.30% 63.54% 28.87%
Cash & Equivalents
0.00% 0.00% 28.05% 71.83%
Municipal
0.00% 0.00% 99.85% 76.30%

Bond Geographic Breakdown

Weighting Return Low Return High CAPCX % Rank
US
16.32% 0.00% 80.16% 36.38%
Non US
0.00% 0.00% 18.69% 27.70%

CAPCX - Expenses

Operational Fees

CAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.86% 0.06% 7.81% 8.20%
Management Fee 0.60% 0.00% 1.25% 87.79%
12b-1 Fee 0.75% 0.00% 1.00% 74.17%
Administrative Fee 0.10% 0.01% 0.70% 48.57%

Sales Fees

CAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 9.43%

Trading Fees

CAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

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.

CAPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 57.00% 2.00% 380.00% 73.47%

CAPCX - Distributions

Dividend Yield Analysis

CAPCX Category Low Category High CAPCX % Rank
Dividend Yield 1.99% 0.00% 7.99% 65.11%

Dividend Distribution Analysis

CAPCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Quarterly

Net Income Ratio Analysis

CAPCX Category Low Category High CAPCX % Rank
Net Income Ratio 2.58% -1.22% 6.83% 21.62%

Capital Gain Distribution Analysis

CAPCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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CAPCX - Fund Manager Analysis

Managers

Mark Durbiano


Start Date

Tenure

Tenure Rank

Dec 31, 1997

24.43

24.4%

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.

Todd Abraham


Start Date

Tenure

Tenure Rank

Feb 28, 1999

23.27

23.3%

Todd A. Abraham is a Senior Portfolio Manager and 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.

Linda Bakhshian


Start Date

Tenure

Tenure Rank

Nov 30, 2009

12.51

12.5%

Ms. Bakhshian joined Federated in 2007 and has worked in investment management since 2002. 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).

Ihab Salib


Start Date

Tenure

Tenure Rank

May 13, 2013

9.05

9.1%

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.

Jerome Conner


Start Date

Tenure

Tenure Rank

Apr 08, 2014

8.15

8.2%

Jerome D. Conner, CFA, is a portfolio manager at Federated Investment Management Company focusing on asset allocation, interest rate strategy and security selection. He has been with Federated Investment Management Company since 2002; has worked in investment management since 1995; has managed investment portfolios since 2010. Education: B.S., U.S. Naval Academy; M.S., Boston University.

Michael Jura


Start Date

Tenure

Tenure Rank

Jan 31, 2021

1.33

1.3%

Michael Jura, Vice President, Portfolio Manager, Investment Analyst. Responsible for portfolio management and research in the global equity area. Previous associations: Associate Portfolio Manager/Investment Analyst, Equity Income, Federated Hermes; Associate Portfolio Manager, Fixed Income Managed Accounts, Federated Hermes; Global Market Applications Manager, Operations Strategy Senior Project Manager, Foreign Exchange Project Manager, The Bank of New York Mellon Corporation. B.S., Carnegie Mellon University; M.B.A., Tepper School of Business, Carnegie Mellon University. Joined Federated Hermes 2012

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41