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 managers.
"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.