FHYS – Federated Hermes Short Duration HY ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks high current income. The fund invests primarily in a diversified portfolio of U.S. dollar-denominated high-yield fixed income instruments. The adviser selects instruments, including securities, that the adviser believes have attractive risk-return characteristics. The fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investments rated below investment-grade.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FHYS	Federated Hermes Short Duration High Yield ETF	ETF	Open			Dec 16, 2021	$60.05M	0.500%	—	—	$23.66M

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