Federated Hermes Institutional High Yield fund stands out thanks to its long-tenured management team and differentiated investment approach.
Federated Hermes Instl High Yield Bd IS FIHBX
- NAV / 1-Day Return 9.00 / −0.11 %
- Total Assets 7.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.500%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 5.80%
- Effective Duration 3.30 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0
Morningstar’s Analysis FIHBX
Will FIHBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Federated Govt Oblg Pr Shares | 3.87 | 286.6 Mil | — |
Clarios Global LP 8.5% | 1.09 | 80.9 Mil | Corporate |
Clydesdale Acquisition Holdings Inc. 8.75% | 0.98 | 72.4 Mil | Corporate |
Medline Borrower LP 5.25% | 0.94 | 70.0 Mil | Corporate |
McAfee Corp 7.375% | 0.89 | 65.7 Mil | Corporate |
Minerva Merger Subordinated Inc. 6.5% | 0.88 | 65.4 Mil | Corporate |
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | 0.87 | 64.2 Mil | Corporate |
Ardonagh Group Finance Ltd. 8.875% | 0.81 | 60.2 Mil | Corporate |
Broadstreet Partners Inc 5.875% | 0.79 | 58.7 Mil | Corporate |
Midas Opco Holdings LLC 5.625% | 0.78 | 58.0 Mil | Corporate |