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Morningstar

Federated Hermes Instl High Yield Bd IS FIHBX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 8.58  /  0.12 %
  • Total Assets 7.8 Bil
  • Adj. Expense Ratio
    0.490%
  • 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 1,000,000
  • Status Open
  • TTM Yield 6.03%
  • Effective Duration 4.30 years

USD | NAV as of Jan 31, 2023 | 1-Day Return as of Jan 31, 2023, 11:12 PM GMT+00:00

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 philosophy well-executed.

Associate Director

Summary

| by Maciej Kowara

Federated Institutional High Yield Bond Fund’s strengths—a thoughtful process, long-tenured manager and experienced team—earn both of its share classes a Morningstar Analyst Rating of Silver.

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