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Morningstar

Federated Hermes Instl High Yield Bd IS FIHBX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 8.66  /  +0.35 %
  • Total Assets 7.4 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 5.89%
  • Effective Duration 2.50 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIHBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

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.

by Maciej Kowara
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FIHBX

More FIHBX Holdings
  • 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