Federated Hermes Capital Income Fund (CAPAX)

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Federated Hermes Capital Income Fund (CAPAX) is up 4.9% since the beginning of the year. CAPAX is currently trading at $10 per share. Investors who bought $1,000 worth of CAPAX shares 5 years ago would now be looking at an investment worth $1,296.

Federated Hermes Capital Income Fund (CAPAX) has returned 4.85% so far this year and 15.07% over the past 12 months. Over the last ten years, CAPAX has returned 6.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 27, 1988, CAPAX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Dec 1999 with a return of +60.9%, while the worst month was Oct 2008 at -14.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, CAPAX closed higher 49% of trading days. The best single day was Dec 16, 1999 with a return of +60.6%, while the worst single day was Mar 16, 2020 at -6.3%.

Federated Hermes Capital Income Fund has an annualized alpha of 6.13%, beta of 0.41, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since May 27, 1988.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (66.74%) than losses (57.24%) - typical of diversified or defensive assets.
• Beta of 0.41 may look defensive, but with R2 of 0.23 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.23 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

CAPAX has an expense ratio of 0.88%, placing it in the medium range.

CAPAX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Federated Hermes Capital Income Fund provided a 3.26% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes Capital Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes Capital Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes Capital Income Fund was 46.13%, occurring on Oct 9, 2002. Recovery took 1029 trading sessions.

The current Federated Hermes Capital Income Fund drawdown is 0.31%.

The chart below shows the rolling one-month volatility.