CAPBX — Federated Capital Income Fund
Data updated: 2026-07-27
CAPBX — Federated Capital Income Fund. United States Large Cap Value Equity · $676.57M AUM · 1.75% expense ratio. Holdings, fees, performance and SEC filings.
CAPBX Fund Overview
CAPBX — Federated Capital Income Fund is a US mutual fund managed by Federated Hermes Income Securities Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Income Securities Trust
- Category: United States Large Cap Value Equity
- Assets under management: $676.57M
- 1-year return: 0.0%
- Ticker: CAPBX
- SEC CIK: 0000789281
- SEC series ID: S000009073
- Share class ID: C000024649
CAPBX Investment Objective and Strategy
Federated Capital Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Income Securities Trust.
Investment objective
The Fund's primary investment objectives are current income and long-term growth of income.
Principal investment strategy
"The Fund pursues its investment objectives by investing 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 mature, mid- to large-cap value companies and securities with high dividend yields that are likely to maintain and increase their dividends.
The Adviser selects fixed-income investments that offer high current yields. The Adviser expects that these fixed-income investments will primarily be investment-grade debt issues, domestic noninvestment-grade debt 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 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.
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. 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)."
CAPBX Holdings
Top 10 holdings of Federated Capital Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Core Trust - High Yield Bond Portfolio | 13.30% |
| Prudential Qma Strat Val- | 12.94% |
| Federated Core Trust - Federated Mortgage Core Portfolio | 11.64% |
| Federated Core Trust - Federated Bank Loan Core Fund | 3.40% |
| United States Treasury | 2.94% |
| United States Treasury | 2.61% |
| United States Treasury | 2.24% |
| Jp Morgan Chase Bank Na | 1.73% |
| Broadcom, Inc. | 1.63% |
| Apple, Inc. | 1.63% |
CAPBX Portfolio Allocation
Asset-class allocation of Federated Capital Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 84.6% |
| Fixed Income | 10.5% |
| Other | 3.1% |
| Securitized | 0.9% |
| Cash & Equivalents | 0.6% |
CAPBX Performance
Total returns for CAPBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -3.2% |
| 5 years (annualised) | 2.2% |
CAPBX Risk Information
Risk metrics for CAPBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
CAPBX Costs and Fees
CAPBX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 1.87%
- Portfolio turnover: 27%
- Brokerage commissions: 2.56 bps of average net assets (SEC N-CEN)
CAPBX Cashflows
Over the 12 months to 2026-05, Federated Capital Income Fund had net outflows of $44.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$2.97M |
| 2026-04 | −$2.42M |
| 2026-03 | −$4.82M |
| 2026-02 | −$6.50M |
| 2026-01 | −$2.39M |
| 2025-12 | −$3.91M |
CAPBX Debt Constituents
Largest debt holdings of Federated Capital Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.94% |
| United States Treasury | 2.61% |
| United States Treasury | 2.24% |
| United States Treasury | 0.51% |
| Nationwide Mutual Insura | 0.05% |
| Evergy Metro | 0.03% |
| Morgan Stanley | 0.03% |
| JPMorgan Chase & Co. | 0.03% |
| Stellantis Financial Ser | 0.03% |
| Ford Motor Credit Co. LLC | 0.03% |
CAPBX Prospectus and SEC Filings
Official Federated Capital Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-26
- Prospectus (485BPOS) — filed 2025-01-27
- Prospectus supplement (497) — filed 2025-02-24
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-23
- Annual census (N-CEN) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-02-04
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.