Federated Hermes Corporate Bond Fund Class R6 Shares (FDBLX)
| Fund Assets | 1.10B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.84% |
| Dividend Growth | 2.27% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 24, 2025 |
| Previous Close | 8.43 |
| YTD Return | 4.13% |
| 1-Year Return | 3.08% |
| 5-Year Return | 0.74% |
| 52-Week Low | 8.16 |
| 52-Week High | 8.59 |
| Beta (5Y) | n/a |
| Holdings | 401 |
| Inception Date | Sep 30, 2016 |
About FDBLX
The Federated Hermes Corporate Bond Fund Class R6 Shares is a mutual fund designed to serve as a core corporate bond holding within an investor’s fixed income allocation. Its primary objective is to achieve a high level of current income while maintaining a focus on the preservation of capital. The fund invests predominantly in a diversified portfolio of investment-grade corporate debt securities, ensuring strong credit quality across its holdings. In addition, it is permitted to allocate up to 35% of its assets to high-yield, lower-rated corporate bonds, which allows for additional income potential and portfolio diversification. With over 400 individual bond holdings encompassing various sectors, the fund’s strategy leverages multiple credit rating sources and applies stringent risk management principles. Its weighted average effective maturity and duration provide exposure suitable for investors seeking monthly income with moderate interest rate sensitivity. The fund has demonstrated a long-standing record of providing consistent monthly dividends through different economic cycles and is managed by an experienced team employing a dual-strategy approach to balance risk and reward. Overall, the Federated Hermes Corporate Bond Fund Class R6 Shares plays a significant role in delivering stable income and diversification to institutional and individual fixed income portfolios.
Performance
FDBLX had a total return of 3.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.90%.
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 | $0.0281 | Jul 25, 2025 |
| Jun 24, 2025 | $0.0278 | Jun 25, 2025 |
| May 27, 2025 | $0.0275 | May 28, 2025 |
| Apr 24, 2025 | $0.0275 | Apr 25, 2025 |
| Mar 24, 2025 | $0.0266 | Mar 25, 2025 |
| Feb 24, 2025 | $0.0264 | Feb 25, 2025 |