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Morningstar

Federated Hermes Corporate Bond IS FDBIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 7.86  /  0.13 %
  • Total Assets 748.2 Mil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.94%
  • Effective Duration 6.10 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis FDBIX

Will FDBIX 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 FDBIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FDBIX 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 FDBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This aggressive corporate-bond fund may be attractive for those who look for such a mix.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

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.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FDBIX

More FDBIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 402
  • Other Holdings 5
  • % Assets in Top 10 Holdings 15.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

7.96
87,862,509
Cash and Equivalents

High Yield Bond Portfolio

7.08
78,169,237
—

United States Treasury Notes 4.125%

3.24
35,757,908
Government

JPMorgan Chase & Co. 3.875%

0.66
7,325,073
Corporate

Goldman Sachs Group, Inc. 3.814%

0.65
7,154,204
Corporate

The Bank of New York Mellon Corporation 3.992%

0.64
7,069,112
Corporate

Morgan Stanley 3.772%

0.63
7,007,619
Corporate

JPMorgan Chase & Co. 3.509%

0.62
6,828,524
Corporate

Wells Fargo & Company 3.908%

0.62
6,819,589
Corporate

NextEra Energy Capital Holdings Inc 3.55%

0.58
6,439,119
Corporate