Unlock stock picks and a broker-level newsfeed that powers Wall Street.

Nasdaq - Delayed Quote USD

Federated Hermes Interm Corp Bd Svc (INISX)

8.51
+0.02
+(0.24%)
As of 8:09:17 AM EDT. Market Open.

Fund Summary

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 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 it invests will be predominately denominated in U.S. dollars. It may invest in derivative contracts and/or hybrid instruments to implement its investment strategies.

Federated Hermes Interm Corp Bd Svc

Pittsburgh, PA 15222-3779
5800 Corporate Drive

Fund Overview

Category Corporate Bond
Fund Family Federated
Net Assets 423.47M
YTD Return 2.06%
Yield 3.91%
Morningstar Rating
Inception Date Dec 20, 1993

Fund Operations

Last Dividend 0.08
Last Cap Gain -3.00
Holdings Turnover 18.00%
Average for Category --

Fees & Expenses

Expense INISX Category Average
Annual Report Expense Ratio (net) 0.77% 0.70%
Prospectus Net Expense Ratio 0.77% --
Prospectus Gross Expense Ratio 1.22% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.44%
Max Deferred Sales Load -- 1.44%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Brian S. Ruffner, Lead Manager since June 30, 2017
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.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Related Tickers