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Federated Hermes Instl High Yield Bd IS FIHBX

Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.74  /  +0.11 %
  • Total Assets 7.7 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.94%
  • Effective Duration 2.50 years

USD | NAV as of Mar 01, 2024 | 1-Day Return as of Mar 01, 2024, 11:12 PM GMT+0

Morningstar’s Analysis FIHBX

Will FIHBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A distinctive approach to high-yield investing.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Federated Hermes Institutional High Yield Bond’s strengths earn its older share classes (IS, R6) a Morningstar Medalist Rating of Silver; the newly launched A and C classes earn Bronze and Neutral, respectively.

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Portfolio Holdings FIHBX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Inst Prime Val Obl IS

3.34 251.9 Mil
Cash and Equivalents

HUB International Ltd. 7%

1.33 100.4 Mil
Corporate

NFP Corp. 6.875%

1.07 80.8 Mil
Corporate

Clarios Global LP 8.5%

1.07 80.7 Mil
Corporate

Clydesdale Acquisition Holdings Inc. 8.75%

0.95 71.3 Mil
Corporate

Mozart Debt Merger Subordinated Inc. 5.25%

0.92 69.2 Mil
Corporate

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

0.92 69.0 Mil
Corporate

Minerva Merger Subordinated Inc. 6.5%

0.86 64.6 Mil
Corporate

McAfee Corp 7.375%

0.83 62.6 Mil
Corporate

Broadstreet Partners Inc 5.875%

0.78 59.1 Mil
Corporate