Federated Hermes Core Bond Fund (FGFIX)
The fund will invest in MBS that are issued or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises (GSEs). The fund may invest in non-agency MBS, which are those not issued or guaranteed by GSEs. The fund may invest up to 5% of its assets in noninvestment-grade securities, including those backed by so-called "sub-prime" mortgages and other types of non-investment grade securities.
Fund Info
US31428Q8877
31428Q887
May 30, 1997
$1,000,000
Expense Ratio
FGFIX features an expense ratio of 0.34%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Core Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Core Bond Fund had a return of 0.37% year-to-date (YTD) and 4.14% in the last 12 months. Over the past 10 years, Federated Hermes Core Bond Fund had an annualized return of 1.20%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Core Bond Fund did not perform as well as the benchmark.
FGFIX
0.37%
0.74%
-1.29%
4.14%
-0.52%
1.20%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FGFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.49% | 0.37% | |||||||||||
| 2024 | 0.30% | -1.44% | 0.62% | -2.28% | 1.87% | 0.62% | 2.79% | 1.09% | 1.69% | -2.55% | 1.04% | -1.43% | 2.18% |
| 2023 | 3.53% | -2.71% | 2.49% | 0.36% | -0.76% | -0.63% | 0.07% | -0.72% | -2.97% | -1.42% | 4.69% | 3.50% | 5.20% |
| 2022 | -2.28% | -1.15% | -2.61% | -4.27% | 0.86% | -1.94% | 2.22% | -2.30% | -4.25% | -1.58% | 3.70% | -0.73% | -13.70% |
| 2021 | -0.59% | -1.38% | -0.78% | 0.97% | 0.10% | 1.06% | 0.71% | 0.00% | -0.65% | -0.10% | 0.07% | -0.11% | -0.73% |
| 2020 | 2.46% | 1.79% | -6.60% | 1.33% | 1.22% | 2.66% | 2.07% | 0.80% | -1.37% | -0.20% | 3.10% | 0.94% | 8.10% |
| 2019 | 0.78% | -0.06% | 1.44% | -0.17% | 1.23% | 0.59% | 0.34% | 1.05% | -0.23% | 0.32% | -0.01% | -0.05% | 5.34% |
| 2018 | -1.06% | -0.53% | 0.56% | -0.51% | 0.67% | 0.02% | -0.18% | 0.45% | -0.42% | -0.63% | 0.87% | 1.73% | 0.95% |
| 2017 | 0.10% | 0.41% | 0.01% | 0.64% | 0.53% | -0.19% | 0.46% | 0.65% | -0.30% | 0.01% | -0.08% | 0.23% | 2.50% |
| 2016 | 0.99% | 0.04% | 0.78% | 0.75% | 0.23% | 0.94% | 0.23% | 0.13% | 0.42% | -0.43% | -1.55% | -0.11% | 2.43% |
| 2015 | 0.94% | 0.02% | 0.55% | 0.03% | 0.00% | -0.59% | 0.57% | -0.04% | 0.55% | -0.16% | -0.06% | -0.29% | 1.51% |
| 2014 | 1.39% | 0.34% | -0.27% | 0.78% | 0.98% | 0.23% | -0.38% | 0.64% | -0.08% | 0.65% | 0.73% | 0.01% | 5.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FGFIX is 26, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Core Bond Fund (FGFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Core Bond Fund provided a 4.08% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.32 | $0.29 | $0.29 | $0.26 | $0.26 | $0.28 | $0.26 | $0.26 | $0.26 | $0.28 | $0.27 |
Dividend yield | 4.08% | 3.99% | 3.51% | 3.51% | 2.72% | 2.60% | 2.87% | 2.72% | 2.68% | 2.75% | 2.88% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Core Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.01 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.10 | $0.26 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Core Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Core Bond Fund was 18.43%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Federated Hermes Core Bond Fund drawdown is 7.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.43% | Aug 3, 2021 | 313 | Oct 24, 2022 | — | — | — |
| -12.22% | Mar 10, 2020 | 12 | Mar 25, 2020 | 165 | Nov 17, 2020 | 177 |
| -4.14% | Sep 10, 2008 | 37 | Oct 30, 2008 | 42 | Dec 31, 2008 | 79 |
| -4.13% | May 2, 2013 | 88 | Sep 5, 2013 | 165 | May 2, 2014 | 253 |
| -3.51% | May 21, 2008 | 42 | Jul 22, 2008 | 33 | Sep 8, 2008 | 75 |
Volatility
Volatility Chart
The current Federated Hermes Core Bond Fund volatility is 1.45%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.