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Name

As of 04/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Institutional High Yield Bond Fund

FIHCX | Fund

$8.63

$7.66 B

4.75%

$0.41

1.56%

Vitals

YTD Return

-0.4%

1 yr return

6.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$7.66 B

Holdings in Top 10

11.4%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.56%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Federated Hermes Institutional High Yield Bond Fund

FIHCX | Fund

$8.63

$7.66 B

4.75%

$0.41

1.56%

FIHCX - Profile

Distributions

  • YTD Total Return -0.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Institutional High Yield Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Feb 15, 2023
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as “junk bonds”), which include debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Fund’s investment adviser (the “Adviser”) selects securities that it believes have attractive risk-return characteristics. The Adviser’s securities selection process includes an analysis of the issuer’s financial condition, business and product strength, competitive position and management expertise. The Adviser does not limit the Fund’s investments to securities of a particular maturity range.The Fund may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies as more fully described in the Fund’s Prospectus. There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in investments rated below investment grade. The Fund will notify shareholders 60 days in advance of any change in its investment policy that would enable the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in investments rated below investment grade. For purposes of this limitation, investments rated below investment grade are defined as high yield debt instruments (also known as “junk bonds”).
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FIHCX - Performance

Return Ranking - Trailing

Period FIHCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% N/A N/A N/A
1 Yr 6.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FIHCX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FIHCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.4% N/A N/A N/A
1 Yr 6.4% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FIHCX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

FIHCX - Holdings

Concentration Analysis

FIHCX Category Low Category High FIHCX % Rank
Net Assets 7.66 B N/A N/A N/A
Number of Holdings 551 N/A N/A N/A
Net Assets in Top 10 871 M N/A N/A N/A
Weighting of Top 10 11.44% N/A N/A N/A

Top 10 Holdings

  1. Federated Institutional Prime Value Obligations Fund 3.43%
  2. Panther BF Aggregator 2 LP / Panther Finance Co Inc 1.05%
  3. NFP Corp 1.04%
  4. Clydesdale Acquisition Holdings Inc 0.95%
  5. 1011778 BC ULC / New Red Finance Inc 0.90%
  6. Mozart Debt Merger Sub Inc 0.90%
  7. Minerva Merger Sub Inc 0.84%
  8. Condor Merger Sub Inc 0.82%
  9. BroadStreet Partners Inc 0.78%
  10. Gates Global LLC / Gates Global Co 0.73%

Asset Allocation

Weighting Return Low Return High FIHCX % Rank
Bonds 		95.69% N/A N/A N/A
Stocks 		3.74% N/A N/A N/A
Cash 		0.56% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FIHCX % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FIHCX % Rank
US 		3.74% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High FIHCX % Rank
Derivative 		0.00% N/A N/A N/A
Cash & Equivalents 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High FIHCX % Rank
US 		95.69% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

FIHCX - Expenses

Operational Fees

FIHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.56% N/A N/A N/A
Management Fee 0.40% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FIHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FIHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FIHCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FIHCX - Distributions

Dividend Yield Analysis

FIHCX Category Low Category High FIHCX % Rank
Dividend Yield 4.75% N/A N/A N/A

Dividend Distribution Analysis

FIHCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

FIHCX Category Low Category High FIHCX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FIHCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FIHCX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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