Federated Hermes Corporate Bond Fund Class A Shares is an open-end mutual fund focused on generating a high level of current income while maintaining preservation of capital. The fund primarily invests in a diversified portfolio of investment-grade corporate debt securities, selecting bonds issued mostly by U.S. corporations across a range of industry sectors. It may also allocate a portion of assets to other fixed income instruments, including up to 35% in below investment-grade debt, providing flexibility to enhance yield while maintaining an emphasis on credit quality. The fund sources credit ratings for its holdings from leading agencies, seeking to balance income potential with risk management. With over 400 holdings and significant diversification, the fund minimizes concentration risk compared to its peers. Monthly dividend distributions and an established performance record since its 1995 inception highlight its consistent role in providing fixed income exposure to investors. Serving both individual and institutional clients, this fund plays a significant role in the fixed income market, offering access to corporate credit while pursuing capital stability and regular income.
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