Morningstar

Federated Hermes Opportunistic High Yield Bond Fund Institutional Shares FHTIX

Medalist Rating as of Sep 30, 2026 See Federated Hermes Investment Hub

Strategy

The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of noninvestment-grade, fixed income securities of domestic and foreign corporations (also known as "junk bonds") including loan instruments. The fund's investment adviser ("Adviser") selects securities that the advisor believes have attractive risk-return characteristics. The Adviser's securities selection process includes an analysis of the issuer's financial condition, business and product strength, competitive position and management expertise.

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
FHYTX	Federated Hermes Opportunistic High Yield Bond Fund Service Shares	Institutional	Open			Aug 23, 1984	$150.35M	0.980%	High	$1M	−$25.95M
FHTIX	Federated Hermes Opportunistic High Yield Bond Fund Institutional Shares	Institutional	Open			Jun 11, 2013	$199.50M	0.730%	Above Average	$1M	−$7.59M
FHYAX	Federated Hermes Opportunistic High Yield Bond Fund Class A	Front Load	Open			Apr 30, 2014	$24.50M	0.980%	Average	$1,500	−$3.94M
FHYCX	Federated Hermes Opportunistic High Yield Bond Fund Class C	Level Load	Open			Apr 30, 2014	$5.03M	1.840%	High	$1,500	−$1.92M
FHYLX	Federated Hermes Opportunistic High Yield Bond Fund Class R6 Shares	Retirement, Large	Open			Apr 27, 2017	$8.42M	0.720%	High	$0	−$2.75M

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