Morningstar

Federated Hermes Intermediate Corporate Bond Fund Institutional Shares FIIFX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $8.37  /  −0.12 %
  • Fund Size $432.1M
  • Adjusted Expense Ratio 0.520%
  • Net Expense Ratio 0.200%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Corporate Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 4.47%
  • Average Effective Duration 3.90 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FIIFX

Will FIIFX outperform in the 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 FIIFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Intermediate Corp Bd IS holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FIIFX

More FIIFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Govt Oblg Pr Shares

1.16 5M
—

T-Mobile USA, Inc. 3.875%

0.60 3M
Corporate

United States Treasury Notes 3.875%

0.59 3M
Government

Bank of America Corp. 2.592%

0.56 3M
Corporate

Charter Communications Operating, LLC/Charter Communications Operating Capi

0.52 2M
Corporate

Citigroup Inc. 2.572%

0.49 2M
Corporate

Bank of America Corp. 3.824%

0.48 2M
Corporate

10 Year Treasury Note Future Sept 26

0.47 2M
Government

Amgen Inc. 5.25%

0.47 2M
Corporate

Oracle Corp. 6.15%

0.46 2M
Corporate

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