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Anyone invested in Federated Capital Income CAPAX

edited October 2013 in Fund Discussions
Anyone invested in this fund and if so, what are your thoughts about it? Right now I looking for a higher yielding fund that is not solely invested in high yield bonds. I welcome a healthy portion of high yields in the fund, I am just not intested in a pure high yield bond portfolio. I am interested in this fund as well as PGBAX, and JNBAX.

Comments

  • edited October 2013
    Hi Heathbob,

    I currently own two of the funds that you have referenced, CAPAX & PGBAX; and, I have at one time owned the other one, JNBAX. These are conservative allocation funds that provide a good distribution and I hold them in my hybrid income sleeve.

    I have no problems with any of the three and I have JNBAX on my watch list. I was on the verge of using it as a replacement for PASAX. However, it seems PASAX is now headed in the right direction so I am going to run with it for a while longer. Should PASAX begin to falter again JNBAX is one of the funds that might indeed replace it.

    I hope this helps.

    Skeeter
  • Thanks for the info...i am leaning towards CAPAX...I like that it has a good chunk of emerging market bonds in its portfolio...bonds, in general, are going to be interesting going forward...this is why I am looking and moving some of the money I have in bond funds into these hybrid vehicles that invest in almost anything...I already have alot of equities exposure.
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