FDBBX — Federated Bond Fund
Data updated: 2026-07-27
FDBBX — Federated Bond Fund. Intermediate Corporate Bond · $972.88M AUM · 1.73% expense ratio · 0.0% 1-yr return. Holdings, fees, performance and SEC filings.
FDBBX Fund Overview
FDBBX — Federated Bond Fund is a US mutual fund managed by Federated Hermes Investment Series Funds, Inc., categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Investment Series Funds, Inc.
- Category: Intermediate Corporate Bond
- Assets under management: $972.88M
- 1-year return: 0.0%
- Ticker: FDBBX
- SEC CIK: 0000889388
- SEC series ID: S000009106
- Share class ID: C000024769
FDBBX Investment Objective and Strategy
Federated Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Investment Series Funds, Inc..
Investment objective
The Fund's investment objective is to provide as high a level of current income as is consistent with the preservation of capital.
Principal investment strategy
"Under normal market conditions, the Fund invests primarily in a diversified portfolio of investment-grade corporate debt securities. The Fund may also invest in other fixed income securities and derivative contracts and/or hybrid instruments to implement its investment strategy. 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 Fund 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. Duration measures the price sensitivity of a fixed-income security to changes in interest rates.
The Fund may invest in derivative contracts or hybrid contracts (such as, for example, futures contracts, options contracts and swap contracts) to implement its investment strategies as more fully described herein. The Fund may also invest in government securities that are supported by the full faith and credit of the U.S. government. When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, funds advised by the Adviser or its affiliates (an ""Underlying Fund""). At times, the Fund's investment in Underlying Funds may be a substantial portion of the Fund's portfolio. The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in 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 fixed-income investments."
FDBBX Holdings
Top 10 holdings of Federated Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Core Trust - High Yield Bond Portfolio | 14.67% |
| JPMorgan Chase & Co. | 0.77% |
| Nextera Energy Capital | 0.70% |
| Dh Europe Finance Ii | 0.65% |
| Wells Fargo & Company | 0.64% |
| Anheuser-Busch Inbev Wor | 0.59% |
| Bank Of America Corp. | 0.58% |
| Allegion PLC | 0.56% |
| Hca, Inc. | 0.55% |
| Leidos, Inc. | 0.54% |
FDBBX Portfolio Allocation
Asset-class allocation of Federated Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 84.1% |
| Equity | 14.7% |
| Cash & Equivalents | 0.2% |
FDBBX Performance
Total returns for FDBBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -4.6% |
| 5 years (annualised) | -1.1% |
FDBBX Risk Information
Risk metrics for FDBBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
FDBBX Costs and Fees
FDBBX costs about $173 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.73%
- Gross expense ratio: 1.77%
- Portfolio turnover: 12%
- Brokerage commissions: 0.01 bps of average net assets (SEC N-CEN)
FDBBX Cashflows
Over the 12 months to 2026-05, Federated Bond Fund had net outflows of $129.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$105.49M |
| 2026-04 | $471.40K |
| 2026-03 | −$608.33K |
| 2026-02 | −$2.06M |
| 2026-01 | −$1.41M |
| 2025-12 | −$2.80M |
FDBBX Debt Constituents
Largest debt holdings of Federated Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| JPMorgan Chase & Co. | 0.77% |
| Nextera Energy Capital | 0.70% |
| Dh Europe Finance Ii | 0.65% |
| Wells Fargo & Company | 0.64% |
| Anheuser-Busch Inbev Wor | 0.59% |
| Bank Of America Corp. | 0.58% |
| Allegion PLC | 0.56% |
| Hca, Inc. | 0.55% |
| Leidos, Inc. | 0.54% |
| Union Pacific Corp. | 0.54% |
FDBBX Prospectus and SEC Filings
Official Federated Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-24
- Prospectus (485BPOS) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-23
- Annual census (N-CEN) — filed 2026-02-11
- Annual census (N-CEN) — filed 2025-02-04
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.