Federated Hermes Corporate Bond R6 (FDBLX)
| Fund Assets | 944.84M |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000,000 |
| Turnover | 12.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 4.08% |
| Dividend Growth | 6.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 24, 2026 |
| Previous Close | 8.36 |
| YTD Return | -0.11% |
| 1-Year Return | 3.16% |
| 5-Year Return | 0.64% |
| 52-Week Low | 8.30 |
| 52-Week High | 8.61 |
| Beta (5Y) | 0.24 |
| Holdings | 403 |
| 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 3.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.87%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2026 | $0.0304 | Jun 25, 2026 |
| May 26, 2026 | $0.029 | May 27, 2026 |
| Apr 24, 2026 | $0.0282 | Apr 27, 2026 |
| Mar 24, 2026 | $0.0281 | Mar 25, 2026 |
| Feb 24, 2026 | $0.0274 | Feb 25, 2026 |
| Jan 26, 2026 | $0.0269 | Jan 27, 2026 |