Morningstar

Federated Hermes Opportunistic High Yield Bond Fund Class R6 Shares FHYLX

Morningstar Medalist Rating
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Medalist Rating as of See Federated Hermes Investment Hub
  • NAV / 1-Day Return$6.33  /  −0.47%
  • Fund Size$387.8M
  • Adjusted Expense Ratio0.720%
  • Net Expense Ratio0.710%
  • Fee Level: DistributionHigh
  • Share Class TypeRetirement, Large
  • Morningstar CategoryHigh Yield Bond
  • Fixed-Income Style Box (Funds)Low/Limited
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield5.69%
  • Average Effective Duration3.30 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FHYLX

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

  • People Pillar

    The People Pillar is our evaluation of the FHYLX 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 FHYLX’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 R6 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 FHYLX

More FHYLX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

2.198M
—

Broadstreet Partners Inc 5.875%

1.114M
Corporate

Ardonagh Group Finance Ltd. 8.875%

1.114M
Corporate

Madison IAQ LLC 5.875%

0.954M
Corporate

HUB International Ltd. 5.625%

0.843M
Corporate

McAfee Corp 7.375%

0.803M
Corporate

Federated Govt Oblg Pr Shares

0.723M
—

Usi Inc 7.5%

0.703M
Corporate

Medline Borrower LP 5.25%

0.693M
Corporate

Tibco Software Inc 6.5%

0.693M
Corporate

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