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Trending ETFs

Federated Hermes Corporate Bond Fund

mutual fund
FDBIX
Payout Change
Pending
Price as of:
$8.38 +0.03 +0.36%
primary theme
Corporate Bond
share class
F (ISHIX) A (FDBAX) Instl (FDBIX) R6 (FDBLX) C (FDBCX)
FDBIX (Mutual Fund)

Federated Hermes Corporate Bond Fund

Payout Change
Pending
Price as of:
$8.38 +0.03 +0.36%
primary theme
Corporate Bond
share class
F (ISHIX) A (FDBAX) Instl (FDBIX) R6 (FDBLX) C (FDBCX)
FDBIX (Mutual Fund)

Federated Hermes Corporate Bond Fund

Payout Change
Pending
Price as of:
$8.38 +0.03 +0.36%
primary theme
Corporate Bond
share class
F (ISHIX) A (FDBAX) Instl (FDBIX) R6 (FDBLX) C (FDBCX)

Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Corporate Bond Fund

FDBIX | Fund

$8.38

$1.14 B

3.78%

$0.32

0.76%

Vitals

YTD Return

4.2%

1 yr return

7.1%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

1.2%

Net Assets

$1.14 B

Holdings in Top 10

18.4%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/29/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Corporate Bond Fund

FDBIX | Fund

$8.38

$1.14 B

3.78%

$0.32

0.76%

FDBIX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.27%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Corporate Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jan 29, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Durbiano

Fund Description

Under normal market conditions, the Fund invests primarily in a diversified portfolio of investment-grade corporate debt securities. The Fund may also invest in other fixed-income securities and derivative contracts and/or hybrid instruments to implement its investment strategy. The Adviser seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. The Fund may invest up to 35% of its assets in fixed-income securities rated below investment grade. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but the Fund has no set duration parameters. Duration measures the price sensitivity of a fixed-income security to changes in interest rates. The Fund may invest in derivative contracts or hybrid contracts (such as, for example, futures contracts, options contracts and swap contracts) to implement its investment strategy as more fully described herein. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government.When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (“Underlying Funds”). At times, the Fund’s investment in Underlying Funds may be a substantial portion of the Fund’s portfolio.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in corporate fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in corporate fixed-income investments.
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FDBIX - Performance

Return Ranking - Trailing

Period FDBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -0.9% 9.1% 65.70%
1 Yr 7.1% 2.9% 13.4% 75.00%
3 Yr -1.2%* -7.5% 41.1% 23.98%
5 Yr 1.2%* -6.9% 25.6% 29.56%
10 Yr 2.9%* 0.0% 14.4% 21.78%

* Annualized

Return Ranking - Calendar

Period FDBIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -5.6% 6.3% 59.88%
2022 -17.5% -28.7% 142.1% 16.37%
2021 -3.2% -12.3% 4.9% 13.10%
2020 5.2% -8.0% 10.6% 59.15%
2019 9.8% 4.3% 13.4% 59.74%

Total Return Ranking - Trailing

Period FDBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -0.9% 9.1% 65.70%
1 Yr 7.1% 2.9% 13.4% 75.00%
3 Yr -1.2%* -7.5% 41.1% 23.98%
5 Yr 1.2%* -6.9% 25.6% 29.56%
10 Yr 2.9%* 0.0% 14.4% 21.78%

* Annualized

Total Return Ranking - Calendar

Period FDBIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -5.6% 12.9% 73.26%
2022 -14.3% -25.6% 151.8% 18.13%
2021 0.2% -5.1% 7.5% 23.81%
2020 9.1% -8.0% 116.0% 70.12%
2019 14.3% 6.7% 17.4% 46.10%

NAV & Total Return History

FDBIX - Holdings

Concentration Analysis

FDBIX Category Low Category High FDBIX % Rank
Net Assets 1.14 B 17.6 M 47.3 B 46.51%
Number of Holdings 419 4 10364 61.63%
Net Assets in Top 10 211 M -29.6 M 3.03 B 44.77%
Weighting of Top 10 18.37% 1.7% 143.7% 19.77%

Top 10 Holdings

  1. FED HIGH YLD BOND PORT 8.30%
  2. U.S. Treasury Notes 3.13%
  3. Federated Hermes Government Obligations Fund 2.03%
  4. U.S. Treasury Bonds 0.87%
  5. Johnson Johnson 0.73%
  6. Honeywell International Inc 0.72%
  7. JPMorgan Chase Co 0.65%
  8. JPMorgan Chase Co 0.65%
  9. Goldman Sachs Group Inc/The 0.65%
  10. Morgan Stanley 0.64%

Asset Allocation

Weighting Return Low Return High FDBIX % Rank
Bonds 		88.66% 0.00% 136.47% 98.26%
Stocks 		8.30% 0.00% 99.98% 2.91%
Cash 		3.03% -43.80% 45.89% 40.12%
Convertible Bonds 		0.35% 0.00% 78.47% 91.28%
Other 		0.01% -5.08% 9.86% 70.35%
Preferred Stocks 		0.00% 0.00% 9.18% 65.70%

Stock Sector Breakdown

Weighting Return Low Return High FDBIX % Rank
Utilities 		0.00% 0.00% 100.00% 87.23%
Technology 		0.00% 0.00% 24.68% 82.98%
Real Estate 		0.00% 0.00% 100.00% 85.11%
Industrials 		0.00% 0.00% 8.34% 82.98%
Healthcare 		0.00% 0.00% 14.32% 82.98%
Financial Services 		0.00% 0.00% 100.00% 93.62%
Energy 		0.00% 0.00% 4.21% 34.04%
Communication Services 		0.00% 0.00% 8.64% 10.64%
Consumer Defense 		0.00% 0.00% 7.33% 82.98%
Consumer Cyclical 		0.00% 0.00% 11.22% 23.40%
Basic Materials 		0.00% 0.00% 3.60% 12.77%

Stock Geographic Breakdown

Weighting Return Low Return High FDBIX % Rank
US 		8.30% 0.00% 99.98% 2.91%
Non US 		0.00% 0.00% 0.00% 57.56%

Bond Sector Breakdown

Weighting Return Low Return High FDBIX % Rank
Corporate 		98.58% 41.80% 99.52% 9.30%
Cash & Equivalents 		2.03% 0.00% 45.89% 36.63%
Government 		0.43% 0.00% 25.63% 88.95%
Municipal 		0.09% 0.00% 3.37% 56.40%
Derivative 		0.01% -2.44% 2.14% 37.21%
Securitized 		0.01% 0.00% 23.18% 84.88%

Bond Geographic Breakdown

Weighting Return Low Return High FDBIX % Rank
US 		88.66% 0.00% 112.17% 89.53%
Non US 		0.00% 0.00% 47.05% 70.35%

FDBIX - Expenses

Operational Fees

FDBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.03% 3.33% 45.56%
Management Fee 0.50% 0.00% 1.35% 86.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.02% 0.45% 64.86%

Sales Fees

FDBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FDBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 259.00% 5.88%

FDBIX - Distributions

Dividend Yield Analysis

FDBIX Category Low Category High FDBIX % Rank
Dividend Yield 3.78% 0.00% 6.00% 68.60%

Dividend Distribution Analysis

FDBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FDBIX Category Low Category High FDBIX % Rank
Net Income Ratio 3.27% 0.38% 5.93% 2.35%

Capital Gain Distribution Analysis

FDBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

FDBIX - Fund Manager Analysis

Managers

Mark Durbiano

Start Date

Tenure

Tenure Rank

Dec 31, 1997

24.43

24.4%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.

Christopher McGinley

Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Mr. McGinley is Head of the Trade Finance Team and is responsible for day to day management of the Fund focusing on asset allocation, interest rate strategy and security selection. He has been with the Adviser or an affiliate since 2004; has worked in investment management since 2005; has managed investment portfolios since 2009. Education: B.S., University of Pittsburgh; M.P.I.A., University of Pittsburgh.

Brian Ruffner

Start Date

Tenure

Tenure Rank

Mar 22, 2013

9.2

9.2%

Brian S. Ruffner, has been the Fund’s portfolio manager since April of 2017. Mr. Ruffner is responsible for for providing research and advice on sector allocation and security selection. Mr. Ruffner joined Federated in 1994 in the Fund Accounting department and from 1997 to 2001 was a Trader on the Cash Management Desk. In 2001 Mr. Ruffner became an Investment Analyst and in 2004 was appointed Asst. Vice President of a Federated advisory subsidiary. He became a Senior Investment Analyst and was appointed Vice President in 2007. From 1993 through 1994 Mr. Ruffner was employed by Mellon Bank NA as Global Trade Administrator. Mr. Ruffner earned his B.S. at the Indiana University of Pennsylvania and received his M.B.A. from Duquesne University.

Steven Wagner

Start Date

Tenure

Tenure Rank

Mar 31, 2015

7.17

7.2%

Mr. Wagner joined Federated in 1997 as an analyst in the high yield area and has been Senior Investment Analyst and Vice President of Federated Investment Management Company since 2003. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.

Bryan Dingle

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

Bryan J. Dingle, CFA. Mr. Dingle joined Federated in 2006 as a Senior Investment Analyst and an Asst. Vice President of a Federated advisory subsidiary. He became a Vice President of MTB Investment Advisors in 2007. From 1997 to 2006 , he served as a Vice President and Senior Credit Analyst of Fixed Income Corporate Bond Research for MTB Investment Advisors, from 1995-1997 he was an Investment Officer and Junior Credit Analyst at MTB Investment Advisors and from 1994 to 1995 served as a Relationship Manager and Credit Analyst Trainee for M&T Bank. Mr. Dingle earned his B.S. at the University of Delaware and received his M.B.A. in Business and Management from the University of Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.84 2.41

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