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Morningstar

Federated Hermes Opportunistic HY Bd Svc FHYTX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 6.32  /  +0.17 %
  • Total Assets 477.8 Mil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.32%
  • Effective Duration —

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FHYTX

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

  • People Pillar

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

Strength in Federated Hermes Opportunistic HY Bd Svc's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of 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
Rated on Published on

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Portfolio Holdings FHYTX

More FHYTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

1.47 7.4 Mil
—

Federated Hermes Inst Prime Val Obl IS

1.18 5.9 Mil
Cash and Equivalents

Clarios Global LP 8.5%

1.14 5.7 Mil
Corporate

Clydesdale Acquisition Holdings Inc. 8.75%

1.04 5.2 Mil
Corporate

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

1.03 5.1 Mil
Corporate

NFP Corp. 6.875%

0.99 4.9 Mil
Corporate

Medline Borrower LP 5.25%

0.97 4.8 Mil
Corporate

Minerva Merger Subordinated Inc. 6.5%

0.90 4.5 Mil
Corporate

McAfee Corp 7.375%

0.84 4.2 Mil
Corporate

Allied Universal Holdco LLC / Allied Universal Finance Corporation 9.75%

0.83 4.2 Mil
Corporate