Federated Hermes Institutional High Yield fund stands out thanks to its long-tenured management team and differentiated investment approach.
Federated Hermes Instl High Yield Bd IS FIHBX
- NAV / 1-Day Return 8.84 / +0.11 %
- Total Assets 7.6 Bil
-
Adj. Expense Ratio
- 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 5.95%
- Effective Duration 3.30 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Federated Hermes Inst Prime Val Obl IS | 3.42 | 262.6 Mil | Cash and Equivalents |
Clarios Global LP 8.5% | 1.05 | 80.5 Mil | Corporate |
NFP Corp. 6.875% | 0.98 | 75.5 Mil | Corporate |
Clydesdale Acquisition Holdings Inc. 8.75% | 0.97 | 74.2 Mil | Corporate |
Medline Borrower LP 5.25% | 0.90 | 69.3 Mil | Corporate |
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | 0.89 | 68.6 Mil | Corporate |
Minerva Merger Subordinated Inc. 6.5% | 0.86 | 66.1 Mil | Corporate |
McAfee Corp 7.375% | 0.85 | 65.2 Mil | Corporate |
Ardonagh Group Finance Ltd. 8.875% | 0.79 | 60.8 Mil | Corporate |
Broadstreet Partners Inc 5.875% | 0.76 | 58.2 Mil | Corporate |