A combination of Federated’s resources and Federated Hermes Corporate Bond's structure may make it an appealing choice for those comfortable with its aggressive profile. Its cheapest share class earns a Morningstar Analyst Rating of Bronze while the rest are rated Neutral or Negative, depending on their pricing.
Will FDBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FDBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FDBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FDBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.