FDBIX

About FDBIX

The Federated Hermes Corporate Bond Fund Institutional Shares is an open-end mutual fund designed to provide a high level of current income with an emphasis on the preservation of capital. The fund primarily invests in a broad and diversified portfolio of investment-grade corporate debt securities—bonds issued by U.S. and global corporations with strong credit ratings. It may allocate up to 35% of its assets to high-yield, lower-rated bonds, allowing some exposure to additional credit risk for potential yield enhancement. This fund serves as a core holding within the corporate bond category, targeting institutional investors with its share class and a minimum investment requirement of $1,000,000. Its portfolio typically holds over 400 different securities, offering substantial diversification across industries and issuers. The fund is managed by an experienced team and features a monthly income distribution, supporting regular cash flow for clients. Notably, the Federated Hermes Corporate Bond Fund Institutional Shares is benchmarked against the Bloomberg US Credit Index, maintaining a balance between risk and return through its disciplined approach to security selection. Its long-standing track record spans various market cycles, underlining its significance for investors seeking stable income from the U.S. corporate bond market.