FDBCX

About FDBCX

Federated Hermes Corporate Bond Fund Class C Shares is an open-end mutual fund focused on generating a high level of current income while preserving capital. This fund primarily invests in a diversified portfolio of investment-grade corporate debt securities, but it may also allocate assets to other fixed income instruments and, to a lesser extent, higher-yield, lower-rated bonds. Its holdings span a broad array of sectors and issuers, contributing to risk management through diversification. The portfolio's credit exposure is determined using a blend of ratings from major agencies, adhering to industry-conservative classifications. The fund is structured to provide monthly income distributions and aims to maintain a balance between income generation and capital risk, making it a vehicle commonly utilized by investors seeking exposure to corporate credit markets without concentrating risk in a few issuers. With hundreds of holdings and a relatively low percentage of assets in its top ten investments, the fund demonstrates a commitment to diversification. Its role in the market is to offer investors access to the performance of U.S. investment-grade corporate bonds, complemented by professional management and risk oversight, within a single pooled investment product.