Morningstar

Federated Hermes Opportunistic High Yield Bond Fund Institutional Shares FHTIX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return $6.27  /  −0.32 %
  • Fund Size $384.5M
  • Adjusted Expense Ratio 0.730%
  • Net Expense Ratio 0.720%
  • Fee Level: Distribution Above Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 5.69%
  • Average Effective Duration 3.30 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FHTIX

Will FHTIX outperform in the 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 FHTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHTIX 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 FHTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Federated Hermes Opportunistic HY Bd IS holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FHTIX

More FHTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

2.04 8M
—

Federated Govt Oblg Pr Shares

1.18 5M
—

Broadstreet Partners Inc 5.875%

1.08 4M
Corporate

Ardonagh Group Finance Ltd. 8.875%

1.07 4M
Corporate

Madison IAQ LLC 5.875%

0.92 4M
Corporate

HUB International Ltd. 5.625%

0.83 3M
Corporate

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

0.77 3M
Corporate

Allied Universal Holdco LLC / Allied Universal Finance Corp. 6%

0.77 3M
Corporate

Medline Borrower LP 5.25%

0.77 3M
Corporate

McAfee Corp 7.375%

0.75 3M
Corporate

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