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.
Federated Hermes Corporate Bond A FDBAX
NAV / 1-Day Return
9.41
/
0.42
%
Total Assets
868.6 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
24.07
years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Low / ModerateMin. Initial Investment
1,500
Status
Open
TTM Yield
3.19%
Effective Duration
6.60
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.
Investment-grade and high-yield bond funds rolled into one.
