Federated Hermes Corporate Bond continues to stand out in the corporate bond Morningstar Category. It is built as two coordinated credit portfolios rather than as a plain investment-grade strategy with a token opportunistic sleeve. Brian Ruffner and Bryan Dingle run the investment-grade book directly, while the high-yield allocation is implemented through Federated Hermes' internal high-yield strategy, all against a 75% Bloomberg US Credit/25% Bloomberg US High Yield 2% Issuer Cap blended benchmark. That design remains a real differentiator. Separate investment-grade and high-yield research teams give the managers more specialized inputs than many single-sleeve rivals, and the strategy still offers a sensible way to combine bottom-up security selection with top-down allocation judgment.
Federated Hermes Corporate Bond Fund Class F Shares ISHIX
- NAV / 1-Day Return 8.50 / 0.00
- Total Assets 972.3M
-
Adj. Expense Ratio
0.860%
- Expense Ratio 0.850%
- Distribution Fee Level —
- Share Class Type —
- Category Corporate Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 3.73%
- Effective Duration 5.60 years
USD | NAV as of Jun 16, 2026 | 1-Day Return as of Jun 16, 2026, 10:13 PM GMT+0
Morningstar’s Analysis ISHIX
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- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 19.3
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
High Yield Bond Portfolio | 13.28 | 141M | — |
Federated Govt Oblg Pr Shares | 0.83 | 9M | — |
Goldman Sachs Group, Inc. 3.814% | 0.71 | 8M | Corporate |
JPMorgan Chase & Co. 5.012% | 0.70 | 7M | Corporate |
Morgan Stanley 3.772% | 0.70 | 7M | Corporate |
The Bank of New York Mellon Corp. 3.992% | 0.69 | 7M | Corporate |
NextEra Energy Capital Holdings Inc 3.55% | 0.64 | 7M | Corporate |
DH Europe Finance II SARL 2.6% | 0.60 | 6M | Corporate |
Wells Fargo & Co. 5.499% | 0.58 | 6M | Corporate |
Citigroup Inc. 3.52% | 0.56 | 6M | Corporate |
United States