For those who know what they-re getting into, a combination of Federated’s resources and the fund’s structure may make it an appealing choice. Federated Opportunistic Corporate’s cheapest share class earns a Morningstar Analyst Rating of Bronze while the other share classes are rated Neutral.
Federated Hermes Corporate Bond A FDBAX
NAV / 1-Day Return
9.72
/
0.72
%
Total Assets
963.5 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.860%
Expense Ratio
0.860%
Fee Level
Above Average
Longest Manager Tenure
23.16
years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Low / ModerateMin. Initial Investment
1,500
Status
Open
TTM Yield
3.19%
Effective Duration
6.90
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FDBAX 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 FDBAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of FDBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A blend of investment-grade and high-yield corporate debt.
