A disciplined high-yield playbook that still earns confidence. Federated Hermes Institutional High Yield Bond is a distinctive high-yield strategy that relies on bottom-up credit work rather than agency ratings to identify resilient businesses. Its differentiated approach, seasoned team, and proven results make it a compelling option.
Federated Hermes Sustainable High Yield Bond Fund Class A Shares FHIIX
- NAV / 1-Day Return 6.83 / 0.00
- Total Assets 491.7M
-
Adj. Expense Ratio
0.900%
- Expense Ratio 0.890%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 5.44%
- Effective Duration 3.20 years
USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:11 AM GMT+0
Morningstar’s Analysis FHIIX
Will FHIIX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FHIIX 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 FHIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.4
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Federated Govt Oblg Pr Shares | 2.42 | 12M | — |
Medline Borrower LP 5.25% | 1.31 | 6M | Corporate |
Ardonagh Group Finance Ltd. 8.875% | 1.23 | 6M | Corporate |
Broadstreet Partners Inc 5.875% | 1.20 | 6M | Corporate |
Madison IAQ LLC 5.875% | 0.98 | 5M | Corporate |
1261229 Bc Ltd. 10% | 0.93 | 4M | Corporate |
McAfee Corp 7.375% | 0.91 | 4M | Corporate |
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | 0.83 | 4M | Corporate |
Usi Inc 7.5% | 0.82 | 4M | Corporate |
Rocket Software Inc 6.5% | 0.79 | 4M | Corporate |
United States