In Federated Hermes Capital Income's latest prospectus, dated Jan. 31, 2021, Michael Jura was added as a listed portfolio manager. He has been a member of the equity team since September 2014 and has nine years of investment experience. He effectively became second in command on the equity side when long-standing manager John Nichol left the firm unexpectedly in November 2019. The lead equity manager will continue to be Linda Bakhshian, who has been a listed manager since November 2009. The group has had some turnover and merged with another investment team in 2020. We are maintaining our Below Average People Pillar rating and Morningstar Analyst Rating of Neutral for the cheaper share classes, and Negative for the remaining share classes.
Federated Hermes Capital Income A CAPAX
NAV / 1-Day Return
8.65
/
1.26
%
Total Assets
1.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.900%
Expense Ratio
0.900%
Fee Level
Below Average
Longest Manager Tenure
23.16
years
Category
Allocation--30% to 50% Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
Low / LimitedStatus
Open
TTM Yield
3.34%
Turnover
80%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CAPAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CAPAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CAPAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CAPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Federated Hermes Capital Income Adds New Manager; Rating Unchanged
