FDBIX Fees and Costs — Federated Hermes Corporate Bond Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 0.61%: a 0.50% management fee plus 0.24% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $952 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 12%.
FDBIX Fees and Expenses
Annual operating expenses and sales charges of FDBIX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FDBIX Costs Over Time
On $10,000 invested in FDBIX, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
FDBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $952
- Bought from dealers (principal trades, not a cost): $592.5M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
FDBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $952 | 100.00% |
FDBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $406.7M | 72.31% |
| Wells Fargo Securities, LLC | $30.1M | 5.35% |
| Citadel Securities LLC | $26.4M | 4.69% |
| BofA Securities, Inc. | $21.8M | 3.88% |
| J.P. Morgan Securities LLC | $18.7M | 3.32% |
| Morgan Stanley & Co. LLC | $16.2M | 2.89% |
| HSBC Securities (USA) Inc. | $12.6M | 2.24% |
| Goldman Sachs & Co. LLC | $11.7M | 2.09% |
| BMO Capital Markets Corp. | $9.2M | 1.64% |
| RBC Capital Markets, LLC | $9.0M | 1.60% |
Federated Hermes Corporate Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDBLX | Class R6 | 0.59% | none |
| FDBIX | Institutional Shares | 0.61% | none |
| FDBAX | Class A | 0.86% | 4.50% |
| ISHIX | Class F | 0.86% | 1.00% |
| FDBCX | Class C | 1.70% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.