Federated Hermes Corporate Bond Fund Class Institutional Shares (FDBIX)
| Fund Assets | 1.09B |
| Expense Ratio | 0.61% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.90% |
| Dividend Growth | 5.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 26, 2026 |
| Previous Close | 8.54 |
| YTD Return | 1.14% |
| 1-Year Return | 8.22% |
| 5-Year Return | 3.94% |
| 52-Week Low | 7.87 |
| 52-Week High | 8.55 |
| Beta (5Y) | n/a |
| Holdings | 397 |
| Inception Date | Jan 28, 2008 |
About FDBIX
The Federated Hermes Corporate Bond Fund Institutional Shares is an open-end mutual fund designed to provide a high level of current income with an emphasis on the preservation of capital. The fund primarily invests in a broad and diversified portfolio of investment-grade corporate debt securities—bonds issued by U.S. and global corporations with strong credit ratings. It may allocate up to 35% of its assets to high-yield, lower-rated bonds, allowing some exposure to additional credit risk for potential yield enhancement. This fund serves as a core holding within the corporate bond category, targeting institutional investors with its share class and a minimum investment requirement of $1,000,000. Its portfolio typically holds over 400 different securities, offering substantial diversification across industries and issuers. The fund is managed by an experienced team and features a monthly income distribution, supporting regular cash flow for clients. Notably, the Federated Hermes Corporate Bond Fund Institutional Shares is benchmarked against the Bloomberg US Credit Index, maintaining a balance between risk and return through its disciplined approach to security selection. Its long-standing track record spans various market cycles, underlining its significance for investors seeking stable income from the U.S. corporate bond market.
Performance
FDBIX had a total return of 8.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.57%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 26, 2026 | $0.0268 | Jan 27, 2026 |
| Dec 24, 2025 | $0.029 | Dec 26, 2025 |
| Nov 24, 2025 | $0.0301 | Dec 1, 2025 |
| Oct 24, 2025 | $0.0283 | Oct 27, 2025 |
| Sep 24, 2025 | $0.028 | Sep 25, 2025 |
| Aug 25, 2025 | $0.0279 | Aug 26, 2025 |