Federated Hermes Intermediate Corporate Bond Fund (FIIFX)
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 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. The foreign securities in which the fund invests will be predominately denominated in U.S. dollars. It may invest in derivative contracts to implement its investment strategies.
Fund Info
US31420C4078
31420C407
Dec 20, 1993
$1,000,000
Expense Ratio
FIIFX features an expense ratio of 0.58%, 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 Intermediate Corporate 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 Intermediate Corporate Bond Fund had a return of -0.83% year-to-date (YTD) and 2.66% in the last 12 months. Over the past 10 years, Federated Hermes Intermediate Corporate Bond Fund had an annualized return of 1.76%, while the S&P 500 had an annualized return of 11.24%, indicating that Federated Hermes Intermediate Corporate Bond Fund did not perform as well as the benchmark.
FIIFX
-0.83%
-1.52%
0.54%
2.66%
0.67%
1.76%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of FIIFX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.73% | -0.91% | 0.48% | -0.99% | 1.44% | 0.36% | 2.25% | 0.82% | 1.61% | -1.51% | 0.84% | -1.17% | 3.93% |
| 2023 | 2.80% | -1.90% | 2.04% | 0.47% | -0.65% | -0.30% | 0.54% | -0.14% | -1.81% | -0.39% | 3.51% | 2.17% | 6.36% |
| 2022 | -1.76% | -1.02% | -2.35% | -2.93% | 0.84% | -1.77% | 1.89% | -1.69% | -3.14% | -0.43% | 2.86% | -0.60% | -9.82% |
| 2021 | -0.41% | -0.63% | -0.78% | 0.60% | 0.31% | 0.42% | 0.62% | -0.11% | -0.36% | -0.83% | 0.00% | -1.11% | -2.27% |
| 2020 | 1.51% | 0.96% | -5.86% | 3.92% | 2.06% | 1.70% | 1.56% | 0.09% | -0.10% | -0.01% | 1.34% | 0.30% | 7.40% |
| 2019 | 1.41% | 0.38% | 1.73% | 0.49% | 0.82% | 1.58% | 0.24% | 1.76% | -0.19% | 0.67% | 0.02% | 0.45% | 9.74% |
| 2018 | -0.62% | -0.72% | 0.05% | -0.41% | 0.49% | -0.18% | 0.37% | 0.48% | -0.19% | -0.42% | -0.07% | -0.07% | -1.28% |
| 2017 | 0.48% | 0.82% | 0.26% | 0.80% | 0.69% | 0.04% | 0.79% | 0.47% | -0.17% | 0.15% | -0.39% | -0.83% | 3.15% |
| 2016 | 0.19% | 0.30% | 1.83% | 0.93% | -0.16% | 1.45% | 0.89% | 0.04% | 0.15% | -0.17% | -1.86% | 0.06% | 3.65% |
| 2015 | 1.57% | -0.22% | 0.40% | -0.02% | -0.12% | -0.86% | 0.09% | -0.55% | 0.30% | 0.30% | -0.02% | -0.99% | -0.15% |
| 2014 | 1.19% | 0.78% | 0.03% | 0.75% | 0.95% | 0.42% | -0.20% | 0.73% | -0.72% | 0.42% | 0.42% | -0.62% | 4.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIIFX is 59, 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 Intermediate Corporate Bond Fund (FIIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Intermediate Corporate Bond Fund provided a 3.71% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.31 | $0.31 | $0.21 | $0.19 | $0.24 | $0.28 | $0.28 | $0.29 | $0.30 | $0.34 | $0.38 |
Dividend yield | 3.71% | 3.68% | 3.63% | 2.56% | 2.03% | 2.47% | 2.94% | 3.21% | 3.14% | 3.30% | 3.69% | 3.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Intermediate Corporate 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 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.31 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 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 | $0.28 |
| 2017 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
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 Intermediate Corporate 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 Intermediate Corporate Bond Fund was 15.23%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Federated Hermes Intermediate Corporate Bond Fund drawdown is 3.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.23% | Aug 4, 2021 | 310 | Oct 20, 2022 | — | — | — |
| -12.95% | Mar 3, 2008 | 169 | Oct 30, 2008 | 187 | Jul 30, 2009 | 356 |
| -10.41% | Mar 6, 2020 | 11 | Mar 20, 2020 | 54 | Jun 8, 2020 | 65 |
| -6.72% | May 3, 2013 | 164 | Dec 24, 2013 | 572 | Apr 5, 2016 | 736 |
| -5.23% | Jun 16, 2003 | 42 | Aug 14, 2003 | 104 | Jan 13, 2004 | 146 |
Volatility
Volatility Chart
The current Federated Hermes Intermediate Corporate Bond Fund volatility is 0.93%, 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.