# Portfolio overlap — CAPAX vs TOPC

Comparing **Federated Hermes Capital Income Fund** (2026-02-28) and **iShares S&P 500 3% Capped ETF** (2026-03-31).

- Shared positions: 80
- Federated Hermes Capital Income Fund covered by iShares S&P 500 3% Capped ETF: 0.2746714927305682201981308906
- iShares S&P 500 3% Capped ETF covered by Federated Hermes Capital Income Fund: 0.2746714927305682201981308904

## Federated Hermes Capital Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FED HIGH YLD BOND PORT | 0.134969 |  |
| FEDERATED CORE TR MUTUAL FUND | 0.130827 |  |
| FEDERATED CORE TR MTG CORE PORTFOLIO | 0.121193 |  |
| FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND | 0.033532 |  |
| US TREASURY N/B | 0.029589 |  |
| US TREASURY N/B | 0.027830 |  |
| US TREASURY N/B | 0.023447 |  |
| APPLE INC | 0.016756 | ✓ |
| JPMORGAN CHASE BANK, NATIONAL | 0.014458 |  |
| MICROSOFT CORP | 0.013136 | ✓ |
| NVIDIA CORP | 0.012955 | ✓ |
| BROADCOM INC | 0.012242 | ✓ |
| JPMORGAN CHASE and CO | 0.010600 | ✓ |
| JPMorgan Chase Bank NA | 0.010429 |  |
| CENTERPOINT ENERGY INC | 0.008947 | ✓ |
| ALPHABET INC CL A | 0.008649 | ✓ |
| PARKER HANNIFIN CORP | 0.008235 | ✓ |
| AT&T INC | 0.007658 | ✓ |
| EXXON MOBIL CORP | 0.007652 | ✓ |
| NEXTERA ENERGY INC PREFFERD STOCK | 0.006714 |  |
| WALMART INC | 0.006621 | ✓ |
| Federated Hermes Government Obligations Tax-Managed Fund, Institutional Class | 0.006619 |  |
| ASTRAZENECA PLC | 0.006389 |  |
| LILLY ELI and CO | 0.006378 | ✓ |
| COCA-COLA CO/THE | 0.006187 | ✓ |
| CHEVRON CORP | 0.005974 | ✓ |
| CITIZENS FINANCIAL GROUP INC | 0.005847 | ✓ |
| HPE 7 5/8 | 0.005744 |  |
| BANK OF AMERICA CORPORATION | 0.005589 | ✓ |
| VISA INC-CLASS A | 0.005517 | ✓ |
| APPLIED MATERIALS INC | 0.005509 | ✓ |
| LINDE PLC | 0.005475 | ✓ |
| META PLATFORMS INC CL A | 0.005379 | ✓ |
| US TREASURY N/B | 0.005327 |  |
| EATON CORP PLC | 0.005001 | ✓ |
| The Southern Company | 0.004770 |  |
| CITIGROUP INC | 0.004724 | ✓ |
| ABBVIE INC | 0.004672 | ✓ |
| PROCTER & GAMBLE | 0.004497 | ✓ |
| WASTE MANAGEMENT INC | 0.004363 | ✓ |
| RTX CORP | 0.004361 | ✓ |
| AMERICAN EXPRESS CO | 0.004295 | ✓ |
| AMAZON.COM INC | 0.004273 | ✓ |
| INTERCONTINENTAL EXCHANGE INC | 0.004082 | ✓ |
| MCKESSON CORP | 0.004071 | ✓ |
| PHILIP MORRIS INTL INC | 0.004007 | ✓ |
| FREEPORT MCMORAN INC | 0.004002 | ✓ |
| ALBEMARLE CORP PFD | 0.003922 |  |
| Whirlpool Corp | 0.003866 |  |
| MOTOROLA SOLUTIONS INC | 0.003839 | ✓ |

## iShares S&P 500 3% Capped ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| AMAZON.COM INC | 0.030326 | ✓ |
| APPLE INC | 0.030121 | ✓ |
| NVIDIA CORP | 0.029021 | ✓ |
| MICROSOFT CORP | 0.028307 | ✓ |
| BROADCOM INC | 0.028054 | ✓ |
| META PLATFORMS INC CL A | 0.026656 | ✓ |
| TESLA INC | 0.022278 |  |
| BERKSHIRE HATH-B | 0.018712 |  |
| JPMORGAN CHASE and CO | 0.016893 | ✓ |
| ALPHABET INC CL A | 0.015998 | ✓ |
| LILLY ELI and CO | 0.015524 | ✓ |
| EXXON MOBIL CORP | 0.015102 | ✓ |
| ALPHABET INC CL C | 0.012815 |  |
| JOHNSON&JOHNSON | 0.012550 | ✓ |
| WALMART INC | 0.011607 | ✓ |
| VISA INC-CLASS A | 0.010819 | ✓ |
| COSTCO WHOLESALE CORP | 0.009426 | ✓ |
| MASTERCARD INC CL A | 0.008662 |  |
| NETFLIX INC | 0.008647 |  |
| CHEVRON CORP | 0.008260 | ✓ |
| ABBVIE INC | 0.008194 | ✓ |
| MICRON TECHNOLOGY INC | 0.008095 |  |
| PROCTER & GAMBLE | 0.007151 | ✓ |
| PALANTIR TECHNOLOGIES INC | 0.007120 |  |
| ADV MICRO DEVICE | 0.007070 | ✓ |
| CATERPILLAR INC | 0.007027 |  |
| HOME DEPOT INC | 0.006976 | ✓ |
| BANK OF AMERICA CORPORATION | 0.006891 | ✓ |
| CISCO SYSTEMS INC | 0.006532 |  |
| MERCK & CO | 0.006361 | ✓ |
| GENERAL ELECTRIC CO | 0.006339 | ✓ |
| COCA-COLA CO/THE | 0.006272 | ✓ |
| APPLIED MATERIALS INC | 0.005783 | ✓ |
| LAM RESEARCH CORP | 0.005681 |  |
| RTX CORP | 0.005515 | ✓ |
| PHILIP MORRIS INTL INC | 0.005485 | ✓ |
| GOLDMAN SACHS GROUP INC | 0.005394 |  |
| ORACLE CORP | 0.005315 |  |
| WELLS FARGO & CO | 0.005245 |  |
| UNITEDHEALTH GRP | 0.005221 | ✓ |
| GE VERNOVA LLC | 0.005020 | ✓ |
| LINDE PLC | 0.004938 | ✓ |
| INTL BUS MACH CORP | 0.004828 | ✓ |
| MCDONALDS CORP | 0.004714 |  |
| PEPSICO INC | 0.004524 |  |
| VERIZON COMMUNICATIONS INC | 0.004510 | ✓ |
| INTEL CORP | 0.004414 |  |
| AT&T INC | 0.004324 | ✓ |
| CITIGROUP INC | 0.004225 | ✓ |
| MORGAN STANLEY | 0.004218 |  |


## Sources

- N-PORT (fund A) — accession `0000789281-26-000031` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/789281/000078928126000031/0000789281-26-000031-index.htm>
- N-PORT (fund B) — accession `0002071691-26-012458` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000207169126012458/0002071691-26-012458-index.htm>

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