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Morningstar

Federated Hermes Sust High Yield Bond A FHIIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 6.48  /  0.15 %
  • Total Assets 429.6 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 5.94%
  • Effective Duration —

USD | NAV as of Nov 27, 2023 | 1-Day Return as of Nov 27, 2023, 11:17 PM GMT+0

Morningstar’s Analysis FHIIX

Will FHIIX 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 FHIIX’s performance objective and investment process is for both security selection and portfolio construction.

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.

Federated Hermes Sust High Yield Bond A boasts strong People and Process 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 second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FHIIX

More FHIIX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 381
  • Other Holdings 5
  • % Assets in Top 10 Holdings 11.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

2.32
9,835,363
Cash and Equivalents

Clarios Global LP 8.5%

1.55
6,568,467
Corporate

HUB International Ltd. 7%

1.54
6,517,674
Corporate

Grifols Escrow Issuer S A U 4.75%

1.28
5,443,007
Corporate

Mozart Debt Merger Subordinated Inc. 5.25%

1.14
4,846,835
Corporate

NFP Corp. 6.875%

1.08
4,568,414
Corporate

Broadstreet Partners Inc 5.875%

1.07
4,549,604
Corporate

Clydesdale Acquisition Holdings Inc. 8.75%

0.99
4,188,304
Corporate

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

0.99
4,181,522
Corporate

McAfee Corp 7.375%

0.93
3,961,265
Corporate