Federated Hermes Corporate Bond’s blend of firm resources and its strategic framework make it an attractive choice for adventurous investors. The fund’s most affordable share class earns a Morningstar Medalist Rating of Bronze, while the rest are rated either Neutral or Negative, depending on pricing.
Federated Hermes Corporate Bond A FDBAX
- NAV / 1-Day Return 8.09 / +0.37 %
- Total Assets 1.1 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.860%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Corporate Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 3.55%
- Effective Duration 5.90 years
USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:19 PM GMT+0
Morningstar’s Analysis FDBAX
Will FDBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |