FDBBX: Federated Hermes Corporate Bond Fund - MutualFunds.com
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FDBBX - Snapshot

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 6.3%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $1.51 B
  • Holdings in Top 10 34.9%

52 WEEK LOW AND HIGH

$9.99
$9.66
$10.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.50%

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,500
  • IRA $250

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Compare FDBBX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$96.09

+0.13%

$48.39 B

2.29%

$2.20

-1.04%

0.05%

$31.98

0.00%

$48.39 B

2.48%

$0.79

-1.02%

0.05%

$136.01

+0.08%

$40.23 B

2.41%

$3.28

-1.43%

0.14%

$10.31

+0.19%

$37.26 B

2.31%

$0.24

-1.53%

0.20%

$11.10

+0.09%

$19.23 B

3.02%

$0.33

-1.68%

0.85%

FDBBX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.51%
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Corporate Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    Jun 28, 1995
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Durbiano

FDBBX - Performance

Return Ranking - Trailing

Period FDBBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -82.1% 10.7% 28.43%
1 Yr 4.5% -11.4% 45.4% 47.81%
3 Yr 6.3%* -0.8% 12.2% 63.53%
5 Yr 4.4%* 1.5% 8.3% 70.52%
10 Yr 4.2%* 2.3% 7.8% 82.96%

* Annualized

Return Ranking - Calendar

Period FDBBX Return Category Return Low Category Return High Rank in Category (%)
2020 5.3% -85.3% 10.6% 27.25%
2019 9.7% -44.7% 19.2% 35.16%
2018 -6.4% -52.7% -2.0% 57.05%
2017 2.5% -10.1% 9.5% 48.19%
2016 3.9% -0.7% 35.8% 50.00%

Total Return Ranking - Trailing

Period FDBBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -82.1% 10.7% 27.93%
1 Yr -1.0% -14.1% 42.5% 94.39%
3 Yr 5.1%* -1.8% 12.2% 66.20%
5 Yr 4.0%* 1.1% 8.3% 72.13%
10 Yr 4.2%* 2.3% 7.8% 82.22%

* Annualized

Total Return Ranking - Calendar

Period FDBBX Return Category Return Low Category Return High Rank in Category (%)
2020 5.3% -85.3% 10.6% 27.25%
2019 10.3% -44.7% 19.2% 27.17%
2018 -3.8% -23.2% 92.1% 18.59%
2017 5.7% -10.1% 9.5% 9.64%
2016 7.4% -0.7% 35.8% 25.00%

NAV & Total Return History


FDBBX - Holdings

Concentration Analysis

FDBBX Category Low Category High FDBBX % Rank
Net Assets 1.51 B 7.55 M 48.4 B 33.91%
Number of Holdings 443 1 8263 28.29%
Net Assets in Top 10 534 M -77 M 3.43 B 6.34%
Weighting of Top 10 34.93% 1.4% 100.0% 47.92%

Top 10 Holdings

  1. High Yield Bond Portfolio 27.87%
  2. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  3. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  4. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  5. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  6. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  7. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  8. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  9. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%
  10. Us Long Bond(Cbt) Sep20 Xcbt 20200921 7.42%

Asset Allocation

Weighting Return Low Return High FDBBX % Rank
Bonds
99.00% 0.00% 144.87% 34.63%
Convertible Bonds
0.47% 0.00% 74.25% 54.15%
Cash
0.41% -51.29% 100.00% 51.46%
Stocks
0.11% 0.00% 5.87% 8.78%
Preferred Stocks
0.00% 0.00% 7.99% 23.90%
Other
0.00% -38.92% 5.10% 9.76%

Stock Sector Breakdown

Weighting Return Low Return High FDBBX % Rank
Energy
58.09% 0.00% 100.00% 26.53%
Consumer Cyclical
17.44% 0.00% 100.00% 6.12%
Basic Materials
14.23% 0.00% 14.23% 4.08%
Communication Services
10.24% 0.00% 10.78% 16.33%
Utilities
0.00% 0.00% 100.00% 40.82%
Technology
0.00% 0.00% 23.97% 24.49%
Real Estate
0.00% 0.00% 86.28% 42.86%
Industrials
0.00% 0.00% 13.55% 28.57%
Healthcare
0.00% 0.00% 14.74% 28.57%
Financial Services
0.00% 0.00% 100.00% 55.10%
Consumer Defense
0.00% 0.00% 7.38% 24.49%

Stock Geographic Breakdown

Weighting Return Low Return High FDBBX % Rank
US
0.11% 0.00% 5.43% 7.32%
Non US
0.00% 0.00% 0.44% 8.05%

Bond Sector Breakdown

Weighting Return Low Return High FDBBX % Rank
Corporate
96.37% 0.00% 100.00% 43.90%
Government
2.86% 0.00% 33.55% 35.37%
Cash & Equivalents
0.61% 0.00% 100.00% 56.83%
Municipal
0.09% 0.00% 2.83% 26.34%
Securitized
0.08% 0.00% 19.30% 41.71%
Derivative
0.00% 0.00% 27.55% 17.07%

Bond Geographic Breakdown

Weighting Return Low Return High FDBBX % Rank
US
86.14% 0.00% 122.90% 30.00%
Non US
12.86% 0.00% 49.17% 50.49%

FDBBX - Expenses

Operational Fees

FDBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.03% 3.62% 2.02%
Management Fee 0.50% 0.00% 1.35% 79.06%
12b-1 Fee 0.75% 0.00% 1.00% 73.33%
Administrative Fee 0.10% 0.01% 0.45% 61.36%

Sales Fees

FDBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load 5.50% 1.00% 5.50% 3.57%

Trading Fees

FDBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FDBBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 349.00% 7.86%

FDBBX - Distributions

Dividend Yield Analysis

FDBBX Category Low Category High FDBBX % Rank
Dividend Yield 2.04% 0.00% 2.58% 17.32%

Dividend Distribution Analysis

FDBBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FDBBX Category Low Category High FDBBX % Rank
Net Income Ratio 2.51% -1.57% 7.25% 57.71%

Capital Gain Distribution Analysis

FDBBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

FDBBX - Fund Manager Analysis

Managers

Mark Durbiano


Start Date

Tenure

Tenure Rank

Dec 31, 1997

23.51

23.5%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.

Christopher McGinley


Start Date

Tenure

Tenure Rank

Dec 31, 2009

11.5

11.5%

Mr. McGinley is Head of the Trade Finance Team and is responsible for day to day management of the Fund focusing on asset allocation, interest rate strategy and security selection. He has been with the Adviser or an affiliate since 2004; has worked in investment management since 2005; has managed investment portfolios since 2009. Education: B.S., University of Pittsburgh; M.P.I.A., University of Pittsburgh.

Brian Ruffner


Start Date

Tenure

Tenure Rank

Mar 22, 2013

8.28

8.3%

Brian S. Ruffner, has been the Fund’s portfolio manager since April of 2017. Mr. Ruffner is responsible for for providing research and advice on sector allocation and security selection. Mr. Ruffner joined Federated in 1994 in the Fund Accounting department and from 1997 to 2001 was a Trader on the Cash Management Desk. In 2001 Mr. Ruffner became an Investment Analyst and in 2004 was appointed Asst. Vice President of a Federated advisory subsidiary. He became a Senior Investment Analyst and was appointed Vice President in 2007. From 1993 through 1994 Mr. Ruffner was employed by Mellon Bank NA as Global Trade Administrator. Mr. Ruffner earned his B.S. at the Indiana University of Pennsylvania and received his M.B.A. from Duquesne University.

Steven Wagner


Start Date

Tenure

Tenure Rank

Mar 31, 2015

6.25

6.3%

Mr. Wagner joined Federated in 1997 as an analyst in the high yield area and has been Senior Investment Analyst and Vice President of Federated Investment Management Company since 2003. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.

Bryan Dingle


Start Date

Tenure

Tenure Rank

Jan 31, 2018

3.41

3.4%

Bryan J. Dingle, CFA. Mr. Dingle joined Federated in 2006 as a Senior Investment Analyst and an Asst. Vice President of a Federated advisory subsidiary. He became a Vice President of MTB Investment Advisors in 2007. From 1997 to 2006 , he served as a Vice President and Senior Credit Analyst of Fixed Income Corporate Bond Research for MTB Investment Advisors, from 1995-1997 he was an Investment Officer and Junior Credit Analyst at MTB Investment Advisors and from 1994 to 1995 served as a Relationship Manager and Credit Analyst Trainee for M&T Bank. Mr. Dingle earned his B.S. at the University of Delaware and received his M.B.A. in Business and Management from the University of Maryland.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 23.84 5.65 1.49