CPIFX

Capital Income Fund

Overview

The Strategy typically invests in stocks, bonds, and other uncorrelated financial instruments for additional diversification.

Inception Date
May 28, 2019
Investment Style
Income-Oriented Balanced
Fund Index
65% BBG Barc US Agg/35% Russell 3000®
CUSIP
00143K806
NAV
(as of 08/23/2019)
$10.18
Total Assets
(as of 07/31/2019)
$2.25 BN
Gross Expense Ratio
(as of 07/31/2019)
0.66%
Net Expense Ratio
(as of 07/31/2019)
0.62%
Performance
Average Annual Total Returns
Dividends
Capital Gains Distributions
as of 07/31/2019
  • B
as of 06/30/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Capital Income Fund (NAV)
2.20% 8.41% 5.22% 4.48% 3.42% 7.13%
65% BBG Barc US Agg/35% Russell 3000®
3.48% 10.49% 8.59% 6.49% 5.69% 7.89%
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Capital Income Fund (with sales charge)
2.20% 8.41% 5.22% 4.48% 3.42% 7.13%
65% BBG Barc US Agg/35% Russell 3000®
3.48% 10.49% 8.59% 6.49% 5.69% 7.89%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Capital Income Fund (NAV)
8.41% 5.22% 2.90% 4.48% 3.42% 7.13%
65% BBG Barc US Agg/35% Russell 3000®
11.23% 8.05% - 6.09% 6.01% 7.57%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Capital Income Fund (with sales charge)
8.41% 5.22% 2.90% 4.48% 3.42% 7.13%
65% BBG Barc US Agg/35% Russell 3000®
11.23% 8.05% - 6.09% 6.01% 7.57%
Gross Expense Ratio: 0.66% | Net Expense Ratio: 0.62%

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Year Capital Income Fund

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Date Dividends
6/20/2019 0.0714

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.

$ per share as of 08/23/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date
Portfolio

Top Issuers

(8.8% of assets as of 07/31/2019)


Portfolio Allocation

(111.2% of assets as of 07/31/2019)


Equity Strategy Opportunistic Strategy High Grade Fixed Income Strategy
52.9% 45.1% 13.2%

Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Fixed Income Sector
Country Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
United States 95.9% - -
United Kingdom 6.0% - -
Germany 4.6% - -
Canada 4.1% - -
Japan 3.6% - -
Hong Kong 3.0% - -
France 1.0% - -
Netherlands 0.9% - -
Switzerland 0.6% - -
Luxembourg 0.5% - -
Taiwan 0.3% - -
New Zealand 0.2% - -
China 0.1% - -
Brazil 0.1% - -
Macau 0.1% - -
Belgium 0.1% - -
Ireland 0.1% - -
Spain 0.1% - -
Australia 0.1% - -
Peru 0.1% - -
Developed Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Americas 100.0% - -
Europe 14.0% - -
Asia Pacific 6.9% - -
Emerging Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Asia Pacific 0.5% - -
Americas 0.3% - -
Equity Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Broad Market 27.5% - -
Financials 11.9% - -
Health Care 3.2% - -
Industrials 3.1% - -
Communication Services 2.5% - -
Information Technology 2.4% - -
Utilities 2.2% - -
Energy 2.2% - -
Consumer Staples 1.6% - -
Consumer Discretionary 1.4% - -
Materials 1.2% - -
Real Estate 0.5% - -
Fixed Income Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Corporates 25.7% - -
ABS 12.4% - -
Treasuries 7.0% - -
CMBS 2.6% - -
Non Agencies MBS 2.2% - -
Agencies MBS 0.9% - -
Agencies 0.1% - -
Catastrophe 0.1% - -
Analytics
(As of 07/31/2019)

Yields
Standardized Yield
4.24%
Unsubsidized Yield
4.20%
Portfolio Characteristics
Fund
Fund Index
Return on Equity
18.90%
19.70%
EPS Growth Rate 3Y
4.65%
11.96%
EPS Growth Rate 5Y
3.85%
9.44%
Sales Growth Rate 3Y
7.08%
9.06%
Sales Growth Rate 5Y
4.11%
6.94%
Yield to Maturity
3.23%
1.64%
Yield to Worst
2.32%
1.63%
Current Duration
2.31 yrs
3.65 yrs
Turnover Ratio
88%
-
Dividends
Est. Frequency
Quarterly
Last Pay Date
6/20/2019
Per Share ($)
$0.0714
12-Month Distribution ($)
$0.0714
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. The Fund's investment objective changed from "seeks as much current income as is compatible with prudent investment" to "seeks total return" on 12/28/12.
  2. 2. Effective 11/1/13, the Fund increased its investment limit on below-investment-grade securities from 25% to 40%, and the Fund increased its investment limit on illiquid securities from 10% to 15%. Please see the Fund's prospectus and prospectus supplement for further information.
  3. 3. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mortgage-backed securities are subject to prepayment risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.  Asset-backed securities are subject to prepayment risk. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund. Diversification does not guarantee profit or protect against loss.
  4. 4. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
  5. 5. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  6. 6. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  7. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  8. B. Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.
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