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.
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