A method of forming a fiber-reinforced molding compound. The method includes establishing a melt stream of a source material including a first polymeric material and dosing a composite material into the melt stream. The composite material includes pre-impregnated reinforcing fibers and a second polymeric material. The method further includes forming a molding compound from the source and composite materials and dispensing the molding compound from the extruder. The first and second polymeric materials are different than each other to introduce a functionality into the molding compound that is not present in the second polymeric material. The method further includes using the molding compound to produce a part.