Federated Hermes Corporate Bond Fund (ISHIX)
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.
Fund Info
| ISIN | US31420F4000 |
|---|---|
| CUSIP | 31420F400 |
| Issuer | Federated |
| Inception Date | May 20, 1987 |
| Category | Corporate Bonds |
| Min. Investment | $1,500 |
| Asset Class | Bond |
Expense Ratio
ISHIX has a high expense ratio of 0.86%, indicating higher-than-average management fees.
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 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 Corporate Bond Fund had a return of -0.25% year-to-date (YTD) and 4.42% in the last 12 months. Over the past 10 years, Federated Hermes Corporate Bond Fund had an annualized return of 2.32%, while the S&P 500 had an annualized return of 10.97%, indicating that Federated Hermes Corporate Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.25% | 11.29% |
| 1 month | 2.03% | 4.87% |
| 6 months | 5.36% | 17.88% |
| 1 year | 4.42% | 29.16% |
| 5 years (annualized) | 1.29% | 13.20% |
| 10 years (annualized) | 2.32% | 10.97% |
Monthly Returns
The table below presents the monthly returns of ISHIX, 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 | 0.18% | -1.37% | 1.14% | -2.10% | -0.25% | ||||||||
| 2023 | 3.75% | -2.83% | 2.64% | 0.77% | -1.39% | 0.29% | 0.42% | -0.56% | -2.28% | -1.58% | 5.07% | 3.50% | 7.71% |
| 2022 | -3.00% | -1.73% | -2.30% | -4.81% | 0.52% | -2.88% | 3.28% | -2.75% | -4.75% | -0.57% | 4.39% | -0.68% | -14.64% |
| 2021 | -0.83% | -1.14% | -1.26% | 1.09% | 0.47% | 1.48% | 1.06% | -0.14% | -0.74% | -0.14% | -0.25% | 0.37% | -0.07% |
| 2020 | 1.85% | 0.61% | -7.85% | 4.65% | 2.63% | 1.61% | 3.25% | -0.64% | -0.35% | -0.25% | 2.70% | 0.85% | 8.83% |
| 2019 | 2.61% | 0.67% | 2.22% | 0.65% | 0.68% | 2.37% | 0.52% | 2.31% | -0.33% | 0.50% | 0.18% | 0.71% | 13.86% |
| 2018 | -0.54% | -1.41% | -0.15% | -0.59% | 0.29% | -0.27% | 0.85% | 0.40% | -0.05% | -1.37% | -0.47% | 0.35% | -2.94% |
| 2017 | 0.75% | 1.29% | -0.02% | 0.95% | 1.04% | 0.29% | 0.93% | 0.40% | 0.08% | 0.29% | -0.23% | 0.69% | 6.62% |
| 2016 | -0.45% | 0.57% | 3.20% | 2.00% | -0.02% | 1.85% | 2.02% | 0.61% | 0.07% | -0.56% | -2.23% | 1.00% | 8.24% |
| 2015 | 2.12% | -0.10% | 0.11% | -0.11% | -0.32% | -1.47% | 0.32% | -1.08% | -0.33% | 1.21% | -0.84% | -1.46% | -1.97% |
| 2014 | 1.54% | 1.30% | 0.14% | 0.97% | 1.06% | 0.52% | -0.61% | 1.46% | -1.44% | 0.95% | 0.35% | -0.57% | 5.77% |
| 2013 | -0.19% | 0.73% | 0.33% | 1.77% | -1.83% | -2.78% | 1.11% | -0.81% | 1.01% | 1.77% | -0.15% | -0.08% | 0.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ISHIX is 16, indicating that it is in the bottom 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
ISHIX (Federated Hermes Corporate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Corporate Bond Fund (ISHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Corporate Bond Fund granted a 3.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.29 | $0.29 | $0.31 | $0.32 | $0.35 | $0.33 | $0.37 | $0.38 | $0.49 | $0.40 | $0.42 |
Dividend yield | 3.54% | 3.45% | 3.63% | 3.16% | 3.15% | 3.61% | 3.72% | 3.92% | 4.12% | 5.59% | 4.26% | 4.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.10 | |||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.49 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.06 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes 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 Corporate Bond Fund was 20.00%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Federated Hermes Corporate Bond Fund drawdown is 9.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20% | Sep 23, 2021 | 273 | Oct 21, 2022 | — | — | — |
| -17.96% | May 21, 2008 | 130 | Nov 24, 2008 | 163 | Jul 21, 2009 | 293 |
| -17.32% | Aug 3, 1990 | 70 | Nov 8, 1990 | 94 | Mar 20, 1991 | 164 |
| -14.62% | Mar 6, 2020 | 10 | Mar 19, 2020 | 74 | Jul 6, 2020 | 84 |
| -7.57% | Feb 1, 1994 | 70 | May 9, 1994 | 236 | Apr 4, 1995 | 306 |
Volatility
Volatility Chart
The current Federated Hermes Corporate Bond Fund volatility is 1.29%, 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.