Federated Hermes Corporate Bond Fund Class A Shares (FDBAX)
| Fund Assets | 1.10B |
| Expense Ratio | 0.86% |
| Min. Investment | $1,500 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 3.42% |
| Dividend Growth | 2.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 24, 2025 |
| Previous Close | 8.37 |
| YTD Return | 4.21% |
| 1-Year Return | 3.19% |
| 5-Year Return | -0.25% |
| 52-Week Low | 8.14 |
| 52-Week High | 8.57 |
| Beta (5Y) | 0.30 |
| Holdings | 401 |
| Inception Date | Jun 28, 1995 |
About FDBAX
Federated Hermes Corporate Bond Fund Class A Shares is an open-end mutual fund focused on generating a high level of current income while maintaining preservation of capital. The fund primarily invests in a diversified portfolio of investment-grade corporate debt securities, selecting bonds issued mostly by U.S. corporations across a range of industry sectors. It may also allocate a portion of assets to other fixed income instruments, including up to 35% in below investment-grade debt, providing flexibility to enhance yield while maintaining an emphasis on credit quality. The fund sources credit ratings for its holdings from leading agencies, seeking to balance income potential with risk management. With over 400 holdings and significant diversification, the fund minimizes concentration risk compared to its peers. Monthly dividend distributions and an established performance record since its 1995 inception highlight its consistent role in providing fixed income exposure to investors. Serving both individual and institutional clients, this fund plays a significant role in the fixed income market, offering access to corporate credit while pursuing capital stability and regular income.
Performance
FDBAX had a total return of 3.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.88%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIKOX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class Z | 0.36% |
| FCCCX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class C | 1.54% |
| FCBAX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class A | 0.77% |
| FCBTX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class M | 0.82% |
| FCBIX | Fidelity | Fidelity Advisor Corporate Bond Fund - Class I | 0.50% |
Top 10 Holdings
20.95% of assets| Name | Symbol | Weight |
|---|---|---|
| High Yield Bond Portfolio | n/a | 13.10% |
| United States Treasury Notes 3.875% | T.3.875 08.15.34 | 2.33% |
| Federated Govt Oblg Pr Shares | n/a | 0.87% |
| Honeywell International Inc. 5% | HON.5 02.15.33 | 0.74% |
| Goldman Sachs Group, Inc. 3.814% | GS.V3.814 04.23.29 | 0.69% |
| JPMorgan Chase & Co. 5.012% | JPM.V5.012 01.23.30 | 0.69% |
| Morgan Stanley 3.772% | MS.V3.772 01.24.29 GMTN | 0.68% |
| The Bank of New York Mellon Corp. 3.992% | BK.V3.992 06.13.28 MTN | 0.67% |
| NextEra Energy Capital Holdings Inc 3.55% | NEE.3.55 05.01.27 | 0.62% |
| DH Europe Finance II SARL 2.6% | DHR.2.6 11.15.29 | 0.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 24, 2025 | $0.0262 | Jul 25, 2025 |
| Jun 24, 2025 | $0.0262 | Jun 25, 2025 |
| May 27, 2025 | $0.0256 | May 28, 2025 |
| Apr 24, 2025 | $0.0256 | Apr 25, 2025 |
| Mar 24, 2025 | $0.0246 | Mar 25, 2025 |
| Feb 24, 2025 | $0.0247 | Feb 25, 2025 |