Federated Hermes Intermediate Corp Bd IS (FIIFX)
| Fund Assets | 388.81M |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.11% |
| Dividend Growth | 2.91% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.76 |
| YTD Return | 4.03% |
| 1-Year Return | 2.70% |
| 5-Year Return | 1.96% |
| 52-Week Low | 8.40 |
| 52-Week High | 8.75 |
| Beta (5Y) | 0.18 |
| Holdings | 507 |
| Inception Date | Dec 15, 1993 |
About FIIFX
The Federated Hermes Intermediate Corporate Bond Fund Institutional Shares is a mutual fund that primarily focuses on generating current income through investments in a diversified portfolio of intermediate-term, investment-grade fixed-income securities. Its portfolio consists largely of corporate debt instruments and also includes securities issued by U.S. government-sponsored entities, contributing to a balance between yield potential and credit quality. The fund is characterized by its relatively low risk profile and is classified within the corporate bond category, adhering to a policy that at least 80% of its assets are allocated to such securities. The fund appeals to institutional investors, reflected in its high minimum investment threshold. Through monthly dividend distributions and an emphasis on intermediate maturities, it seeks to provide a stable income stream while offering lower sensitivity to interest rate fluctuations compared to longer-duration bond funds. Federated Hermes, the fund's manager, is known for its expertise in fixed-income markets, making this fund a relevant choice for institutions seeking exposure to U.S. corporate credit within a managed, diversified framework.
Performance
FIIFX had a total return of 2.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.48%.
Top 10 Holdings
10.73% of assets| Name | Symbol | Weight |
|---|---|---|
| Ultra 10 Year US Treasury Note Future Sept 25 | n/a | 3.10% |
| United States Treasury Notes 4.625% | T.4.625 02.15.35 | 1.81% |
| United States Treasury Notes 3.875% | T.3.875 04.30.30 | 1.76% |
| Federated Govt Oblg Pr Shares | n/a | 0.76% |
| T-Mobile USA, Inc. 3.875% | TMUS.3.875 04.15.30 | 0.65% |
| Bank of America Corp. 2.592% | BAC.V2.592 04.29.31 | 0.58% |
| Citigroup Inc. 2.572% | C.V2.572 06.03.31 | 0.53% |
| Oracle Corp. 6.15% | ORCL.6.15 11.09.29 | 0.53% |
| Bank of America Corp. 3.824% | BAC.V3.824 01.20.28 MTN | 0.52% |
| Bank of America Corp. 4.571% | BAC.V4.571 04.27.33 | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.03037 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03028 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03003 | Jun 30, 2025 |
| May 30, 2025 | $0.02985 | May 30, 2025 |
| Apr 30, 2025 | $0.0306 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03057 | Mar 31, 2025 |