FGFSX

About FGFSX

Federated Hermes Core Bond Fund Class A is a mutual fund that primarily invests in a diversified portfolio of investment-grade fixed-income securities. Its principal goal is to achieve total return by balancing current income with capital preservation and potential appreciation. The fund allocates assets across various segments of the U.S. bond market, primarily including U.S. government securities, corporate debt, and securitized instruments such as mortgage-backed securities. It may invest up to 5% in non-investment-grade (high-yield) debt, allowing some diversification beyond core investment-grade holdings. The strategy is managed to maintain interest-rate sensitivity typically within a moderate range, aligning with the Morningstar Intermediate-Term Core Bond category. Over time, the fund’s flexible approach to sector allocation and security selection enables it to respond to shifting economic and market conditions. Federated Hermes Core Bond Fund Class A serves as a foundational fixed-income component within a diversified portfolio, aiming to provide both income and relative stability in changing market environments.