INISX Fees and Costs — Federated Hermes Intermediate Corporate Bond Fund, Service Shares
Data updated: 2026-09-23
The net expense ratio is 0.77%: a 0.44% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.42% 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%.
INISX Fees and Expenses
Annual operating expenses and sales charges of INISX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.77% |
| 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 |
INISX Costs Over Time
On $10,000 invested in INISX, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $484 |
| Value after costs | $10,419 | $11,311 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
INISX 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
INISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $4K | 100.00% |
INISX 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.