FDBLX: Federated Hermes Corporate Bond Fund - MutualFunds.com

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Federated Hermes Corporate Bond R6

FDBLX - Snapshot

Vitals

  • YTD Return 3.0%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $1.57 B
  • Holdings in Top 10 36.1%

52 WEEK LOW AND HIGH

$9.82
$8.41
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

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

Compare FDBLX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$134.62

+0.25%

$55.20 B

3.13%

$4.21

5.20%

0.14%

$95.82

+0.09%

$40.70 B

3.21%

$3.08

4.92%

0.05%

$31.88

+0.16%

$40.70 B

3.22%

$1.02

5.04%

0.05%

$10.60

+0.09%

$35.96 B

2.91%

$0.31

5.47%

0.20%

$11.05

+0.27%

$19.78 B

3.89%

$0.43

1.19%

0.85%

FDBLX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.99%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Corporate Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    Sep 30, 2016
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Durbiano

Fund Description

The fund invests primarily in a diversified portfolio of investment-grade corporate debt securities. It may invest up to 35% of its assets in fixed-income securities rated below investment grade. The Adviser may lengthen or shorten duration from time to time based on its interest rate outlook, but the fund has no set duration parameters. It may invest in derivative contracts or hybrid contracts. The fund may also invest in government securities that are supported by the full faith and credit of the U.S. government.


FDBLX - Performance

Return Ranking - Trailing

Period FDBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -15.4% 9.4% 73.61%
1 Yr 7.2% -5.8% 12.6% 61.75%
3 Yr 5.7%* -1.2% 7.8% 58.13%
5 Yr 6.1%* 2.6% 7.8% 38.55%
10 Yr 5.2%* 2.2% 7.9% 51.11%

* Annualized

Return Ranking - Calendar

Period FDBLX Return Category Return Low Category Return High Rank in Category (%)
2019 9.6% -3.9% 14.2% 54.98%
2018 -6.4% -52.7% 0.3% 56.00%
2017 2.8% -3.5% 6.1% 64.42%
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 1.3% N/A

Total Return Ranking - Trailing

Period FDBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -15.4% 9.4% 73.61%
1 Yr 7.2% -5.8% 12.6% 50.69%
3 Yr 5.7%* -1.2% 7.8% 49.26%
5 Yr 6.1%* 2.6% 7.8% 35.20%
10 Yr 5.2%* 2.2% 7.9% 46.67%

* Annualized

Total Return Ranking - Calendar

Period FDBLX Return Category Return Low Category Return High Rank in Category (%)
2019 10.4% -3.9% 14.2% 36.67%
2018 -2.7% -14.6% 92.1% 10.00%
2017 7.0% -3.5% 7.2% 3.07%
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 3.1% N/A

NAV & Total Return History


FDBLX - Holdings

Concentration Analysis

FDBLX Category Low Category High FDBLX % Rank
Net Assets 1.57 B 7.34 M 55.2 B 35.43%
Number of Holdings 468 4 7554 52.27%
Net Assets in Top 10 587 M -25.3 M 3.55 B 8.64%
Weighting of Top 10 36.11% 2.1% 100.0% 10.45%

Top 10 Holdings

  1. High Yield Bond Portfolio 23.08%
  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 FDBLX % Rank
Bonds
95.18% 24.75% 128.14% 41.36%
Cash
3.75% -40.73% 17.31% 34.09%
Convertible Bonds
0.70% 0.00% 70.11% 85.91%
Preferred Stocks
0.35% 0.00% 31.40% 20.45%
Stocks
0.02% 0.00% 1.76% 11.82%
Other
0.00% -0.84% 5.68% 75.45%

Stock Sector Breakdown

Weighting Return Low Return High FDBLX % Rank
Consumer Cyclical
100.00% 0.00% 100.00% 14.89%
Utilities
0.00% 0.00% 100.00% 87.23%
Technology
0.00% 0.00% 23.97% 87.23%
Real Estate
0.00% 0.00% 11.29% 87.23%
Industrials
0.00% 0.00% 13.55% 87.23%
Healthcare
0.00% 0.00% 14.74% 87.23%
Financial Services
0.00% 0.00% 100.00% 95.74%
Energy
0.00% 0.00% 100.00% 91.49%
Communication Services
0.00% 0.00% 10.78% 87.23%
Consumer Defense
0.00% 0.00% 7.38% 87.23%
Basic Materials
0.00% 0.00% 4.93% 87.23%

Stock Geographic Breakdown

Weighting Return Low Return High FDBLX % Rank
US
0.02% 0.00% 1.76% 11.82%
Non US
0.00% 0.00% 0.16% 76.36%

Bond Sector Breakdown

Weighting Return Low Return High FDBLX % Rank
Corporate
88.36% 43.34% 99.92% 50.91%
Government
7.71% 0.00% 33.61% 24.55%
Cash & Equivalents
3.75% 0.00% 17.97% 38.18%
Securitized
0.09% 0.00% 42.90% 67.27%
Municipal
0.09% 0.00% 2.73% 49.55%
Derivative
0.00% 0.00% 16.45% 77.73%

Bond Geographic Breakdown

Weighting Return Low Return High FDBLX % Rank
US
81.11% 21.89% 102.65% 41.36%
Non US
14.07% 0.00% 41.66% 49.55%

FDBLX - Expenses

Operational Fees

FDBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.03% 8.55% 61.97%
Management Fee 0.50% 0.00% 1.35% 86.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.01% 0.45% 75.29%

Sales Fees

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

Trading Fees

FDBLX 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.

FDBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 2.00% 232.00% 11.85%

FDBLX - Distributions

Dividend Yield Analysis

FDBLX Category Low Category High FDBLX % Rank
Dividend Yield 0.00% 0.00% 4.79% 77.23%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FDBLX Category Low Category High FDBLX % Rank
Net Income Ratio 3.99% 0.96% 8.62% 4.59%

Capital Gain Distribution Analysis

FDBLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FDBLX - Fund Manager Analysis

Managers

Mark Durbiano


Start Date

Tenure

Tenure Rank

Dec 31, 1997

22.76

22.8%

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

10.76

10.8%

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

7.53

7.5%

Brian S. Ruffner,portfolio manager, is responsible for the day to day management focusing on asset allocation, interest rate strategy 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

5.51

5.5%

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

2.67

2.7%

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
0.02 23.09 5.67 0.75