Federated Hermes Corporate Bond Fund Class Institutional Shares (FDBIX)

Fund Assets	933.77M
Expense Ratio	0.61%
Min. Investment	$1,000,000
Turnover	12.00%
Dividend (ttm)	0.35
Dividend Yield	4.19%
Dividend Growth	6.82%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 24, 2026

Previous Close	8.27
YTD Return	-0.70%
1-Year Return	1.61%
5-Year Return	0.33%
52-Week Low	8.23
52-Week High	8.59
Beta (5Y)	0.24
Holdings	367
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.

• Fund Family: Federated
• Category: Corporate Bond
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FDBIX
• Share Class: Institutional Shares
• Index: Bloomberg U.S. Credit TR

Performance

FDBIX had a total return of 1.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.96%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FDBLX	Class R6 Shares	0.59%
ISHIX	Class F Shares	0.86%
FDBAX	Class A Shares	0.86%
FDBCX	Class C Shares	1.70%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 24, 2026	$0.0313	Aug 25, 2026
Jul 24, 2026	$0.0304	Jul 27, 2026
Jun 24, 2026	$0.0301	Jun 25, 2026
May 26, 2026	$0.0289	May 27, 2026
Apr 24, 2026	$0.028	Apr 27, 2026
Mar 24, 2026	$0.028	Mar 25, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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