Federated Hermes Corporate Bond Fund Class Institutional Shares (FDBIX)
| Fund Assets | 1.10B |
| Expense Ratio | 0.61% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.83% |
| Dividend Growth | 2.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 24, 2025 |
| Previous Close | 8.42 |
| YTD Return | 4.46% |
| 1-Year Return | 3.51% |
| 5-Year Return | 1.27% |
| 52-Week Low | 8.15 |
| 52-Week High | 8.58 |
| Beta (5Y) | n/a |
| Holdings | 398 |
| 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 3.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.09%.
Top 10 Holdings
21.46% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Core Trust - High Yield Bond Portfolio - FED HIGH YLD BOND PORT | n/a | 13.04% |
| United States Treasury - U.S. Treasury Notes | T.3.875 08.15.34 | 3.20% |
| Honeywell International Inc | HON.5 02.15.33 | 0.74% |
| Goldman Sachs Group Inc/The | GS.V3.814 04.23.29 | 0.69% |
| JPMorgan Chase & Co | JPM.V5.012 01.23.30 | 0.69% |
| Morgan Stanley | n/a | 0.68% |
| BANK OF NY MELLON CORP - Bank of New York Mellon Corp/The | BK.V3.992 06.13.28 MTN | 0.67% |
| NextEra Energy Capital Holdings Inc | NEE.3.55 05.01.27 | 0.62% |
| DH Europe Finance II Sarl | n/a | 0.57% |
| WELLS FARGO & COMPANY - Wells Fargo & Co | WFC.V5.499 01.23.35 | 0.56% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 24, 2025 | $0.0279 | Jul 25, 2025 |
| Jun 24, 2025 | $0.0279 | Jun 25, 2025 |
| May 27, 2025 | $0.0273 | May 28, 2025 |
| Apr 24, 2025 | $0.0273 | Apr 25, 2025 |
| Mar 24, 2025 | $0.0265 | Mar 25, 2025 |
| Feb 24, 2025 | $0.0263 | Feb 25, 2025 |