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Trending ETFs

Federated Hermes Intermediate Corporate Bond Fund

mutual fund
INISX
Payout Change
Pending
Price as of:
$8.53 -0.02 -0.23%
primary theme
Corporate Bond
share class
S (INISX) Instl (FIIFX)
INISX (Mutual Fund)

Federated Hermes Intermediate Corporate Bond Fund

Payout Change
Pending
Price as of:
$8.53 -0.02 -0.23%
primary theme
Corporate Bond
share class
S (INISX) Instl (FIIFX)
INISX (Mutual Fund)

Federated Hermes Intermediate Corporate Bond Fund

Payout Change
Pending
Price as of:
$8.53 -0.02 -0.23%
primary theme
Corporate Bond
share class
S (INISX) Instl (FIIFX)

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Intermediate Corporate Bond Fund

INISX | Fund

$8.53

$409 M

4.07%

$0.35

1.22%

Vitals

YTD Return

4.4%

1 yr return

4.8%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.1%

Net Assets

$409 M

Holdings in Top 10

8.5%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/13/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Intermediate Corporate Bond Fund

INISX | Fund

$8.53

$409 M

4.07%

$0.35

1.22%

INISX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.08%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Intermediate Corporate Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Sep 07, 1995
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bryan Dingle

Fund Description

The Fund invests in a diversified portfolio of investment-grade, fixed-income securities consisting primarily of corporate debt securities, U.S. government mortgage-backed securities, and U.S. Treasury and agency securities. The Fund’s investment adviser (the “Adviser”) seeks to enhance the Fund’s performance by allocating relatively more of its portfolio to the security type that the Adviser expects to offer the best balance between current income and risk. Some of the corporate debt securities in which the Fund invests are considered to be “foreign securities,” which are securities of issuers based outside of the United States. The foreign securities in which the Fund invests will be predominately denominated in U.S. dollars. Investment-grade securities are rated in one of the four highest categories (BBB or higher) by a nationally recognized statistical rating organization (NRSRO), or if unrated, of comparable quality as determined by the Adviser. The Fund may invest in derivative contracts (such as, for example, futures contracts) and/or hybrid instruments to implement elements of its investment strategy. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contract or hybrid instrument in an attempt to benefit from changes in the value of the underlying investment(s). There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value. Consistent with the Fund’s benchmark, the Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.The Fund intends to invest in the securities of U.S. government-sponsored entities (GSEs), including GSE securities that are not backed by the full faith and credit of the U.S. government, such as those issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Federal Home Loan Bank System. These entities are, however, supported through federal subsidies, loans or other benefits. The Fund may also invest in GSE securities that are supported by the full faith and credit of the U.S. government, such as those issued by the Government National Mortgage Association. Finally, to a lesser extent, the Fund may invest in certain GSE securities that have no explicit financial support, but which are regarded as having implied support because the federal government sponsors their activities.Although the value of the Fund’s Shares will fluctuate, the Adviser will seek to manage the magnitude of fluctuation by limiting, under normal market conditions, the Fund’s dollar-weighted average maturity to between three and ten years and dollar-weighted average duration to between three and seven years. Maturity reflects the time until a fixed-income security becomes payable. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in corporate fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in corporate fixed-income investments.
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INISX - Performance

Return Ranking - Trailing

Period INISX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -0.4% 9.0% 33.14%
1 Yr 4.8% 2.4% 11.8% 42.44%
3 Yr -0.1%* -7.3% 41.4% 9.36%
5 Yr 1.1%* -6.9% 25.7% 26.42%
10 Yr 2.1%* 0.1% 14.6% 77.23%

* Annualized

Return Ranking - Calendar

Period INISX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -5.6% 6.3% 98.84%
2022 -11.6% -28.7% 142.1% 5.85%
2021 -4.2% -12.3% 4.9% 47.02%
2020 4.8% -8.0% 10.6% 66.46%
2019 6.5% 4.3% 13.4% 96.75%

Total Return Ranking - Trailing

Period INISX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -0.4% 9.0% 33.14%
1 Yr 4.8% 2.4% 11.8% 42.44%
3 Yr -0.1%* -7.3% 41.4% 9.36%
5 Yr 1.1%* -6.9% 25.7% 26.42%
10 Yr 2.1%* 0.1% 14.6% 77.23%

* Annualized

Total Return Ranking - Calendar

Period INISX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -5.6% 12.9% 97.09%
2022 -9.8% -25.6% 151.8% 6.43%
2021 -1.3% -5.1% 7.5% 76.19%
2020 7.6% -8.0% 116.0% 89.63%
2019 9.5% 6.7% 17.4% 98.70%

NAV & Total Return History

INISX - Holdings

Concentration Analysis

INISX Category Low Category High INISX % Rank
Net Assets 409 M 17.6 M 47.3 B 67.44%
Number of Holdings 519 4 10364 54.07%
Net Assets in Top 10 33.8 M -29.6 M 3.03 B 74.42%
Weighting of Top 10 8.47% 1.7% 143.7% 90.12%

Top 10 Holdings

  1. Federated Hermes Government Obligations Fund 3.63%
  2. Bank of America Corp 0.60%
  3. Oracle Corp 0.57%
  4. Citigroup Inc 0.55%
  5. Bank of America Corp 0.55%
  6. Bank of America Corp 0.52%
  7. Truist Financial Corp 0.51%
  8. Amgen Inc 0.51%
  9. Wells Fargo Co 0.51%
  10. Hyundai Capital America 0.51%

Asset Allocation

Weighting Return Low Return High INISX % Rank
Bonds 		95.60% 0.00% 136.47% 54.65%
Cash 		4.29% -43.80% 45.89% 33.72%
Other 		0.11% -5.08% 9.86% 60.47%
Stocks 		0.00% 0.00% 99.98% 62.79%
Preferred Stocks 		0.00% 0.00% 9.18% 61.05%
Convertible Bonds 		0.00% 0.00% 78.47% 97.67%

Bond Sector Breakdown

Weighting Return Low Return High INISX % Rank
Corporate 		97.53% 41.80% 99.52% 13.95%
Cash & Equivalents 		3.63% 0.00% 45.89% 31.98%
Government 		0.95% 0.00% 25.63% 81.40%
Derivative 		0.11% -2.44% 2.14% 19.19%
Securitized 		0.03% 0.00% 23.18% 82.56%
Municipal 		0.00% 0.00% 3.37% 81.98%

Bond Geographic Breakdown

Weighting Return Low Return High INISX % Rank
US 		95.60% 0.00% 112.17% 52.33%
Non US 		0.00% 0.00% 47.05% 65.70%

INISX - Expenses

Operational Fees

INISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.03% 3.33% 19.53%
Management Fee 0.44% 0.00% 1.35% 71.51%
12b-1 Fee 0.25% 0.00% 1.00% 35.14%
Administrative Fee 0.10% 0.02% 0.45% 60.81%

Sales Fees

INISX 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% 4.00% N/A

Trading Fees

INISX 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.

INISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 259.00% 18.24%

INISX - Distributions

Dividend Yield Analysis

INISX Category Low Category High INISX % Rank
Dividend Yield 4.07% 0.00% 6.00% 75.58%

Dividend Distribution Analysis

INISX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

INISX Category Low Category High INISX % Rank
Net Income Ratio 2.08% 0.38% 5.93% 61.76%

Capital Gain Distribution Analysis

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

Distributions History

View More +

INISX - Fund Manager Analysis

Managers

Bryan Dingle

Start Date

Tenure

Tenure Rank

Mar 22, 2013

9.2

9.2%

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.

Brian Ruffner

Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.84 4.41

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