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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.