FIIFX Fees and Costs — Federated Hermes Intermediate Corporate Bond Fund, Institutional Shares
Data updated: 2026-09-23
The net expense ratio is 0.52%: a 0.44% management fee plus 0.52% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 27%.
FIIFX Fees and Expenses
Annual operating expenses and sales charges of FIIFX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.44% |
| Net expense ratio | 0.52% |
| 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 |
FIIFX Costs Over Time
On $10,000 invested in FIIFX, assuming 5% a year before costs, total costs come to $329 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $329 |
| Value after costs | $10,445 | $11,396 | $12,434 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
FIIFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $485.7M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
FIIFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $4K | 100.00% |
FIIFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $231.7M | 51.89% |
| J.P. Morgan Securities LLC | $72.5M | 16.23% |
| Goldman Sachs & Co. LLC | $41.9M | 9.38% |
| BofA Securities, Inc. | $22.9M | 5.13% |
| Barclays Capital Inc. | $17.1M | 3.82% |
| Citigroup Global Markets Inc. | $16.9M | 3.78% |
| Morgan Stanley & Co. LLC | $16.3M | 3.64% |
| Jane Street Execution Services, LLC | $11.2M | 2.51% |
| BMO Capital Markets Corp. | $9.7M | 2.18% |
| Wells Fargo Securities, LLC | $6.4M | 1.44% |
Federated Hermes Intermediate 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 |
|---|---|---|---|
| ICBRX | Class R6 | 0.46% | none |
| FIIFX | Institutional Shares | 0.52% | none |
| INISX | Service Shares | 0.77% | 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.