CAPRX Fees and Costs — Federated Hermes Capital Income Fund, Class R
Data updated: 2026-07-27
The net expense ratio is 1.15% (1.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $172K in broker commissions, 0.0256% of average net assets, and portfolio turnover was 27%.
CAPRX Fees and Expenses
Annual operating expenses and sales charges of CAPRX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CAPRX Costs Over Time
On $10,000 invested in CAPRX, assuming 5% a year before costs, total costs come to $733 over 5 years, cutting the return by 1.23% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $733 |
| Value after costs | $10,377 | $11,173 | $12,030 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
CAPRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0256%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $421.2M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
CAPRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $59K | 39.73% |
| Nomura Securities International, Inc. | $41K | 27.56% |
| Barclays Capital Inc. | $14K | 9.42% |
| Piper Sandler & Co. | $8K | 5.49% |
| JonesTrading | $6K | 4.33% |
| Citigroup Global Markets Inc. | $6K | 3.73% |
| Goldman Sachs & Co. LLC | $5K | 3.33% |
| Evercore Group L.L.C. | $3K | 2.31% |
| BofA Securities, Inc. | $3K | 2.09% |
| Morgan Stanley & Co. LLC | $3K | 2.01% |
CAPRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $243.3M | 59.96% |
| J.P. Morgan Securities LLC | $89.8M | 22.12% |
| Nomura Securities International, Inc. | $20.4M | 5.04% |
| Goldman Sachs & Co. LLC | $18.1M | 4.46% |
| Citadel Securities LLC | $9.0M | 2.22% |
| BofA Securities, Inc. | $7.0M | 1.74% |
| TD Securities (USA) LLC | $6.8M | 1.67% |
| Citigroup Global Markets Inc. | $4.4M | 1.07% |
| BMO Capital Markets Corp. | $3.5M | 0.86% |
| Berenberg Capital Markets LLC | $3.5M | 0.86% |
Federated Hermes Capital Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CAPSX | Institutional Shares | 0.65% | none |
| CAPAX | Class A | 0.90% | 4.50% |
| CAPFX | Class F | 0.91% | 1.00% |
| CAPRX | Class R | 1.15% | none |
| CAPCX | Class C | 1.74% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.