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Morningstar

Federated Hermes Sust High Yield Bond C FHICX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 6.64  /  +0.45 %
  • Total Assets 438.3 Mil
  • Adj. Expense Ratio
    1.740%
  • Expense Ratio 1.740%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 4.79%
  • Effective Duration —

USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FHICX

Will FHICX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHICX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHICX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FHICX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Federated Hermes Sust High Yield Bond C boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FHICX

More FHICX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

2.99 13.1 Mil
Cash and Equivalents

Clarios Global LP 8.5%

1.50 6.6 Mil
Corporate

Medline Borrower LP 5.25%

1.21 5.3 Mil
Corporate

Grifols Escrow Issuer S A U 4.75%

1.20 5.3 Mil
Corporate

Clydesdale Acquisition Holdings Inc. 8.75%

1.09 4.8 Mil
Corporate

Broadstreet Partners Inc 5.875%

1.09 4.8 Mil
Corporate

McAfee Corp 7.375%

1.03 4.5 Mil
Corporate

NFP Corp. 6.875%

1.02 4.5 Mil
Corporate

Ardonagh Group Finance Ltd. 8.875%

0.95 4.2 Mil
Corporate

1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4%

0.92 4.0 Mil
Corporate