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Trending ETFs

Name

As of 03/27/2024

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

$6.29

$494 M

3.96%

$0.25

0.78%

Vitals

YTD Return

1.4%

1 yr return

12.3%

3 Yr Avg Return

2.1%

5 Yr Avg Return

4.4%

Net Assets

$494 M

Holdings in Top 10

11.3%

52 WEEK LOW AND HIGH

$6.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.78%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 34.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$6.29

$494 M

3.96%

$0.25

0.78%

FHYLX - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.33%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Federated Hermes Opportunistic High Yield Bond Fund
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Apr 27, 2017
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Durbiano

Fund Description

The Fund pursues its investment objective by investing primarily in a diversified portfolio of noninvestment-grade, fixed income securities of domestic and foreign corporations (also known as “junk bonds”) including loan instruments. The fixed-income securities in which the Fund will invest include but are not limited to corporate debt securities, loan instruments, commercial paper, zero coupon securities and foreign securities. The Fund is not managed to specific maturity or duration requirements. The foreign fixed-income securities in which the Fund invests are issued by foreign corporations in either emerging or developed markets. 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. In addition, when the Adviser considers the risk/return prospects of equity securities to be attractive, the Fund may also opportunistically invest up to 20% of its assets in equity securities or pooled vehicles such as exchange-traded funds (ETFs) or other investment companies. Pooled vehicles are utilized in order to gain broad exposure to the equity market. The Fund may invest in companies with market capitalizations of any size. The Fund may invest in derivative contracts to implement its investment strategies. For example, the Fund may use derivative contracts or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contract or hybrid instrument in an attempt to benefit from changes in the value of the underlying investment(s). 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 fixed-income investments rated below investment grade. The Fund will notify shareholders at least 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 fixed-income investments rated below investment grade.
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FHYLX - Performance

Return Ranking - Trailing

Period FHYLX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -4.9% 8.2% 60.69%
1 Yr 12.3% -4.3% 26.0% 25.35%
3 Yr 2.1%* -15.6% 20.6% 42.48%
5 Yr 4.4%* -11.2% 37.3% 16.75%
10 Yr N/A* -4.7% 19.5% 2.78%

* Annualized

Return Ranking - Calendar

Period FHYLX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -4.7% 14.3% 9.01%
2022 -17.0% -33.4% 3.6% 74.61%
2021 3.2% -8.4% 14.9% 7.67%
2020 1.5% -13.9% 302.7% 18.15%
2019 9.4% -4.4% 13.3% 13.97%

Total Return Ranking - Trailing

Period FHYLX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% -4.9% 8.2% 60.69%
1 Yr 12.3% -4.3% 26.0% 25.35%
3 Yr 2.1%* -15.6% 20.6% 42.48%
5 Yr 4.4%* -11.2% 37.3% 16.75%
10 Yr N/A* -4.7% 19.5% 2.76%

* Annualized

Total Return Ranking - Calendar

Period FHYLX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% -4.7% 18.7% 14.75%
2022 -12.0% -33.4% 47.8% 77.12%
2021 8.4% -8.4% 24.8% 8.16%
2020 7.5% -9.6% 325.6% 15.63%
2019 15.7% -3.8% 21.5% 12.93%

NAV & Total Return History


FHYLX - Holdings

Concentration Analysis

FHYLX Category Low Category High FHYLX % Rank
Net Assets 494 M 1.85 M 22.6 B 50.84%
Number of Holdings 477 2 2736 32.87%
Net Assets in Top 10 54.4 M -492 M 4.45 B 61.57%
Weighting of Top 10 11.28% 4.2% 149.6% 67.59%

Top 10 Holdings

  1. Federated Institutional Prime Value Obligations Fund 2.05%
  2. FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND 1.46%
  3. Panther BF Aggregator 2 LP / Panther Finance Co Inc 1.19%
  4. 1011778 BC ULC / New Red Finance Inc 1.03%
  5. Clydesdale Acquisition Holdings Inc 0.98%
  6. HUB International Ltd 0.97%
  7. Mozart Debt Merger Sub Inc 0.96%
  8. NFP Corp 0.90%
  9. Minerva Merger Sub Inc 0.88%
  10. BroadStreet Partners Inc 0.84%

Asset Allocation

Weighting Return Low Return High FHYLX % Rank
Bonds
91.54% -3.13% 154.38% 74.65%
Stocks
5.37% 0.00% 99.61% 8.29%
Cash
3.09% -52.00% 49.49% 58.64%
Convertible Bonds
0.45% 0.00% 17.89% 81.33%
Other
0.00% -63.70% 102.57% 41.51%
Preferred Stocks
0.00% 0.00% 8.06% 46.91%

Stock Sector Breakdown

Weighting Return Low Return High FHYLX % Rank
Communication Services
25.65% 0.00% 99.99% 15.08%
Consumer Cyclical
20.76% 0.00% 100.00% 11.45%
Basic Materials
13.42% 0.00% 100.00% 11.45%
Technology
11.25% 0.00% 33.17% 8.66%
Utilities
9.36% 0.00% 100.00% 12.01%
Industrials
8.19% 0.00% 93.12% 10.61%
Energy
6.34% 0.00% 100.00% 63.69%
Healthcare
2.88% 0.00% 22.17% 12.01%
Consumer Defense
2.16% 0.00% 100.00% 15.92%
Real Estate
0.00% 0.00% 86.71% 27.65%
Financial Services
0.00% 0.00% 100.00% 35.75%

Stock Geographic Breakdown

Weighting Return Low Return High FHYLX % Rank
US
5.37% 0.00% 99.61% 8.33%
Non US
0.00% -0.01% 0.83% 25.00%

Bond Sector Breakdown

Weighting Return Low Return High FHYLX % Rank
Corporate
96.92% 0.00% 129.69% 28.90%
Cash & Equivalents
2.05% 0.00% 49.49% 59.57%
Securitized
0.10% 0.00% 97.24% 37.56%
Derivative
0.00% -15.04% 42.26% 28.70%
Municipal
0.00% 0.00% 4.66% 16.85%
Government
0.00% 0.00% 99.07% 41.27%

Bond Geographic Breakdown

Weighting Return Low Return High FHYLX % Rank
US
91.54% -3.13% 129.21% 58.33%
Non US
0.00% 0.00% 97.33% 47.53%

FHYLX - Expenses

Operational Fees

FHYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.04% 31.61% 68.52%
Management Fee 0.60% 0.00% 1.84% 60.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 47.92%

Sales Fees

FHYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FHYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 16.95%

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.

FHYLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.00% 1.00% 255.00% 9.68%

FHYLX - Distributions

Dividend Yield Analysis

FHYLX Category Low Category High FHYLX % Rank
Dividend Yield 3.96% 0.00% 35.52% 62.42%

Dividend Distribution Analysis

FHYLX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FHYLX Category Low Category High FHYLX % Rank
Net Income Ratio 4.33% -2.39% 14.30% 54.00%

Capital Gain Distribution Analysis

FHYLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FHYLX - Fund Manager Analysis

Managers

Mark Durbiano


Start Date

Tenure

Tenure Rank

Aug 23, 1984

37.79

37.8%

Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.

Gene Neavin


Start Date

Tenure

Tenure Rank

Apr 30, 2011

11.09

11.1%

Mr. Neavin joined Federated in 2001 as an Investment Analyst and has been a Portfolio Manager since 2011. . In 2005, Mr. Neavin became an Assistant Vice President and Senior Investment Analyst and in 2010 became a Vice President of a Federated advisory subsidiary. From 1995 to 1999, Mr. Neavin worked for MBNA America Bank and was appointed a Senior Credit Analyst in 1997. Mr. Neavin has received the Chartered Financial Analyst designation and an M.B.A. from Carnegie Mellon University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.12 8.17