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Morningstar

Federated Hermes Corporate Bond A FDBAX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.36  /  0.60 %
  • Total Assets 737.9 Mil
  • Adj. Expense Ratio
    0.850%
  • 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 3.67%
  • Effective Duration 6.00 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis FDBAX

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 somewhat unique approach has served this strategy well.

Associate Director

Summary

| by Maciej Kowara

A combination of Federated’s resources and this strategy's structure may make it an appealing choice for those comfortable with its aggressive profile. Federated Hermes Corporate Bond’s cheapest share class earns a Morningstar Analyst Rating of Bronze while the rest earn either Neutral or Negative, depending on fees.

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