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Morningstar

Federated Hermes Corporate Bond IS FDBIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.27  /  0.00
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.85%
  • Effective Duration 5.90 years

USD | NAV as of Jul 23, 2024 | 1-Day Return as of Jul 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FDBIX

Will FDBIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FDBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FDBIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FDBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An attractive way to access both investment-grade and high-yield corporate bond markets.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Federated Hermes Corporate Bond Fund maintains its Above Average Ratings for People and Process. The team managing the strategy has plenty of experience. Brian Ruffner and Bryan Dingle, who manage the investment-grade sleeve, are veterans of Federated Hermes, and Mark Durbiano, who manages the high-yield portion, even more so, having started at the firm in 1982.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FDBIX

More FDBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

High Yield Bond Portfolio

8.24 93.7 Mil
—

Federated Hermes Inst Prime Val Obl IS

5.43 61.7 Mil
Cash and Equivalents

United States Treasury Notes 4.125%

3.06 34.8 Mil
Government

United States Treasury Bonds 4.75%

0.85 9.6 Mil
Government

Honeywell International Inc. 5%

0.71 8.1 Mil
Corporate

Johnson & Johnson 1.3%

0.71 8.1 Mil
Corporate

JPMorgan Chase & Co. 3.875%

0.65 7.4 Mil
Corporate

JPMorgan Chase & Co. 5.012%

0.65 7.4 Mil
Corporate

Goldman Sachs Group, Inc. 3.814%

0.64 7.3 Mil
Corporate

The Bank of New York Mellon Corp. 3.992%

0.63 7.2 Mil
Corporate