Capital Income Fund (HWIIX)

I SHARES    A SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Characteristics
As of 09/30/2017
ASSET MIX (%)1
Common Stock 56.4
Bonds 38.8
Preferred/Convertibles 0.7
Cash & Equivalents 0.9
Other 3.2
EQUITY STATISTICS
  Portfolio S&P 500
Projected P/E (FY2) 9.2x 17.2x
Price/Normal Earnings 7.5x 18.1x
Price/Book 1.2x 3.1x
Dividend Yield 2.5% 1.9%
Weighted Average
Market Capitalization (millions)
$51,489 $174,861
Median Market Capitalization
(millions)
$7,822 $21,094
Number of Stocks 71 500
TOP TEN EQUITY HOLDINGS (%)1
American International Group Inc. 2.7
Hewlett Packard Enterprise 2.6
Popular Inc. 2.0
Royal Mail PLC 1.8
Fifth Street Asset Management Inc. 1.6
WestJet Airlines 1.6
Whiting Petroleum Corp. 1.6
Wells Fargo & Co. 1.6
BAE Systems PLC 1.5
Ericsson 1.5
BOND CREDIT QUALITY (%)
Cash & Equivalents 4.3
Investment Grade 2.2
BB 34.5
B 47.1
CCC+ or lower 8.0
Non-Rated 6.1
Credit Default Swap Index -2.2
BOND STATISTICS
  Portfolio BofAML US Corp/Govt/Mtg
Yield-to-Worst 6.7% 2.5%
Modified Duration 3.2 years 6.2 years
Spread over Treasuries 466 bps 38 bps
Average Coupon Rate 7.1% 3.2%
Number of Issuers 144 1,684
TOP FIVE BOND HOLDINGS (%)1
  Portfolio Coupon
Rate
Maturity
Date
Lonestar Resources America Inc. 1.5 8.750% 04/15/2019
Kosmos Energy Ltd. 0.9 7.875% 08/01/2021
Cobalt Int'l Energy Inc. 0.8 10.750% 12/01/2021
McDermott Int'l Inc. 0.6 8.000% 05/01/2021
Horsehead Holding Corp. 0.5 -- --

 

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid. Investment in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may invest in foreign as well as emerging markets which involve greater volatility and political, economic and currency risks and differences in accounting methods.

Diversification does not assure a profit nor protect against loss in a declining market.

Credit Quality weights by rating are derived from the highest bond rating as determined by S&P, Moody's or Fitch. Bond ratings are grades given to bonds that indicate their credit quality as determined by private independent rating services such as Standard & Poor's, Moody's and Fitch. These firms evaluate a bond issuer's financial strength, or its ability to pay a bond's principal and interest in a timely fashion. Ratings are expressed as letters ranging from 'AAA', which is the highest grade, to 'D', which is the lowest grade. In limited situations when none of the three rating agencies have issued a formal rating, the Advisor will classify the security as nonrated. Credit default swaps use bond-equivalent prices to calculate portfolio weights.

Information on the Fund’s holdings, portfolio characteristics and attribution reports are subject to its portfolio holdings disclosure policy. Such information may be obtained through the Funds’ website or by calling 800-796-5606.  Fund holdings are subject to change and are not buy/sell recommendations. Information presented based on proprietary or third-party estimates are subject to change and cannot be guaranteed.

1 % of Total Portfolio includes total investments, cash and cash equivalents, and accrued investment income on a trade date basis.

Index definitions

Glossary of financial terms