Two Federated Income Funds Earn Lipper Awards as Best in Category
- Federated Capital Income Fund and Federated Strategic Income Fund named top
funds for long-term consistent return in their respective categories
PITTSBURGH, March 15, 2013
PITTSBURGH, March 15, 2013 /PRNewswire/ -- Federated Investors, Inc. (NYSE:
FII), one of the nation's largest investment managers, today announced that
two of its income-oriented mutual funds received Lipper Fund Awards
recognizing their category-leading performance. Federated Capital Income Fund
and Federated Strategic Income Fund earned the awards based on Lipper's
calculation of consistent return for the 10-year period ending Dec. 31, 2012.
Federated Capital Income Fund (CAPFX) earned the Lipper Fund Award in the
Mixed-Asset Target Allocation Conservative Funds classification and ranked
best out of 91 funds for the 10-year period. Federated Capital Income Fund
seeks to provide high current monthly income relative to the broad market
through a diversified portfolio of income-producing stocks and bonds. The
fund invests in high dividend-paying stocks of undervalued and market-leading
companies across all market sectors, as well as a strategic mix of bond
sectors: U.S. high-yield, U.S. high-quality (government and corporate) and
international (emerging and developed). Federated Capital Income Fund is
managed by a team of equity and fixed-income portfolio managers.
Federated Strategic Income Fund (STIAX) earned the Lipper Fund Award in the
Multi-Sector Income Funds category and ranked best out of 78 funds for the
10-year period. The fund pursues a high level of current income by investing
in a strategic mix of bond sectors: U.S. high-yield, U.S. high-quality
(government and corporate) and international (emerging and developed).
Federated Strategic Income Fund is managed by a team of fixed-income portfolio
"As investors continue to seek attractive income-oriented strategies, we are
proud that the Federated Capital Income Fund and the Federated Strategic
Income Fund were recognized as the top funds in their categories for long-term
consistent returns," said John B. Fisher, president and chief executive
officer, Federated Advisory Companies. "We appreciate Lipper's recognition of
the talented investment professionals who contributed to the strong
performance of these two income funds."
Lipper is a leading global provider of mutual fund research and analysis.
Federated Investors, Inc. is one of the largest investment managers in the
United States, managing $379.8 billion in assets as of Dec. 31, 2012. With
137 funds, as well as a variety of separately managed account options,
Federated provides comprehensive investment management worldwide to
approximately 4,700 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and endowments, banks
and broker/dealers. For more information, visit FederatedInvestors.com.
The currency for the calculation corresponds to the currency of the country
for which the awards are calculated and relies on monthly data. Classification
averages are calculated with all eligible share classes for each eligible
classification. The calculation periods extend over 36, 60, and 120 months.
The highest Lipper Leader for Consistent Return (Effective Return) value
within each eligible classification determines the fund classification winner
over three, five, or ten years. For a detailed explanation please review the
Lipper Leaders methodology document on www.lipperweb.com.
Although Lipper makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not guaranteed by
Lipper. Users acknowledge that they have not relied upon any warranty,
condition, guarantee or representation made by Lipper. Any use of the data
for analyzing, managing or trading financial instruments is at the user's own
risk. This is not an offer to buy or sell securities.
Past performance is no guarantee of future results.
International investing involves special risks including currency risk,
increased volatility, political risks, and differences in auditing and other
financial standards. Prices of emerging-markets securities can be
significantly more volatile than the prices of securities in developed
countries, and currency risk and political risks are accentuated in emerging
Bond prices are sensitive to changes in interest rates, and a rise in interest
rates can cause a decline in their prices.
High-yield, lower-rate securities generally entail greater market,
credit/default and liquidity risk and may be more volatile than
For more complete information, visit FederatedInvestors.com or contact your
investment professional for summary prospectuses or prospectuses. You should
consider the fund's investment objectives, risks, charges and expenses
carefully before you invest. Information about these and other important
subjects is in the fund's summary prospectus or prospectus, which you should
read carefully before investing.
Federated Securities Corp., Distributor
SOURCE Federated Investors, Inc.
Contact: MEDIA: Ed Costello, +1-412-288-7538; MEDIA: Meghan McAndrew,
+1-412-288-8103; ANALYSTS: Ray Hanley, +1-412-288-1920
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