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Name

As of 11/20/2024

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 High Yield Strategy Portfolio

FHYSX | Fund

$11.74

$25 M

6.43%

$0.76

0.97%

Vitals

YTD Return

7.1%

1 yr return

12.1%

3 Yr Avg Return

2.8%

5 Yr Avg Return

4.3%

Net Assets

$25 M

Holdings in Top 10

100.1%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 2.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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 High Yield Strategy Portfolio

FHYSX | Fund

$11.74

$25 M

6.43%

$0.76

0.97%

FHYSX - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 5.42%
DIVIDENDS
  • Dividend Yield 6.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes High Yield Strategy Portfolio
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jul 01, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Durbiano

Fund Description

The Fund pursues its investment objective by investing primarily in High Yield Bond Core Fund (the “Underlying Fund”), a portfolio of Federated Hermes Core Trust. The investment objective of the Underlying Fund is to seek high current income. The Underlying Fund in turn invests in a diversified portfolio of domestic corporate high-yield bonds (also known as “junk bonds”), but may invest a portion of its portfolio in securities of issuers based outside the United States. High yield bonds are rated below investment grade (i.e., BB or lower) by a nationally recognized statistical rating organization (NRSRO). The Fund may invest in such securities directly. The Fund may also invest in securities of any maturity. There will not be a minimal acceptable rating for a security to be purchased or held by the Fund or the Underlying Fund and each may purchase or hold unrated securities and securities whose issuers are in default.When selecting investments for the Fund, the Fund can invest in securities directly or in other investment companies, including, for example, the Underlying Fund and other funds advised by Federated Investment Management Company (the “Adviser” or the “Underlying Fund’s Adviser”) or its affiliates. The Fund’s investment in the Underlying Fund is generally expected to be a substantial portion of the Fund’s portfolio.The Underlying Fund’s Adviser attempts to select bonds for investment by the Underlying Fund which offer high potential returns for the default risks being assumed. The Underlying Fund’s Adviser’s securities selection process consists of a credit-intensive, fundamental analysis of the issuing firm. The Underlying Fund’s Adviser’s analysis focuses on the financial condition of the issuing firm, together with the issuer’s business and product strength, competitive position and management expertise. Further, the Underlying Fund’s Adviser considers current economic, financial market and industry factors, which may affect the issuer.The Underlying Fund’s Adviser attempts to minimize the Underlying Fund’s portfolio credit risk through diversification. The Underlying Fund’s Adviser selects securities to maintain broad portfolio diversification both by company and industry. The Underlying Fund’s Adviser does not target an average maturity of the Underlying Fund’s portfolio.The Underlying Fund may use derivative contracts and/or hybrid instruments to implement elements of its investment strategy.The Adviser employs the same management, security selection and derivative strategies when the Fund invests directly in the securities in which the Underlying Fund invests.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 (i.e., BB or lower by an NRSRO). 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 investments rated below investment grade (i.e., BB or lower by an NRSRO).
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FHYSX - Performance

Return Ranking - Trailing

Period FHYSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -7.0% 15.5% 61.24%
1 Yr 12.1% -1.8% 17.8% 49.67%
3 Yr 2.8%* -14.3% 21.4% 43.43%
5 Yr 4.3%* -11.1% 37.3% 32.45%
10 Yr 5.0%* -4.9% 20.1% 9.86%

* Annualized

Return Ranking - Calendar

Period FHYSX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -4.7% 14.3% 27.12%
2022 -16.8% -33.4% 3.6% 71.29%
2021 -0.2% -8.4% 8.2% 56.68%
2020 -0.2% -13.2% 302.7% 50.79%
2019 8.1% -4.4% 13.3% 49.55%

Total Return Ranking - Trailing

Period FHYSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -7.0% 15.5% 61.24%
1 Yr 12.1% -1.8% 17.8% 49.67%
3 Yr 2.8%* -14.3% 21.4% 43.43%
5 Yr 4.3%* -11.1% 37.3% 32.45%
10 Yr 5.0%* -4.9% 20.1% 9.86%

* Annualized

Total Return Ranking - Calendar

Period FHYSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% -4.7% 18.7% 21.24%
2022 -11.2% -33.4% 47.8% 61.39%
2021 5.6% -8.4% 12.4% 37.84%
2020 6.6% -9.6% 325.6% 26.63%
2019 15.7% -3.8% 19.4% 12.89%

NAV & Total Return History

FHYSX - Holdings

Concentration Analysis

FHYSX Category Low Category High FHYSX % Rank
Net Assets 25 M 3.13 M 23.6 B 97.56%
Number of Holdings 2 2 3879 100.00%
Net Assets in Top 10 29.6 M -492 M 5.25 B 76.43%
Weighting of Top 10 100.09% 4.2% 146.0% 0.33%

Top 10 Holdings

  1. FED HIGH YLD BOND PORT 98.05%
  2. REPO BANK AMERICA 2.04%

Asset Allocation

Weighting Return Low Return High FHYSX % Rank
Stocks 		98.05% 0.00% 99.64% 0.33%
Other 		2.04% -39.08% 99.96% 10.97%
Convertible Bonds 		0.51% 0.00% 17.89% 79.05%
Preferred Stocks 		0.00% 0.00% 4.97% 74.63%
Cash 		0.00% -52.00% 48.02% 97.22%
Bonds 		0.00% 0.00% 145.36% 99.35%

Stock Sector Breakdown

Weighting Return Low Return High FHYSX % Rank
Utilities 		0.00% 0.00% 100.00% 77.37%
Technology 		0.00% 0.00% 33.17% 78.23%
Real Estate 		0.00% 0.00% 86.71% 74.57%
Industrials 		0.00% 0.00% 93.12% 78.45%
Healthcare 		0.00% 0.00% 22.17% 76.94%
Financial Services 		0.00% 0.00% 100.00% 78.88%
Energy 		0.00% 0.00% 100.00% 40.95%
Communication Services 		0.00% 0.00% 99.99% 9.27%
Consumer Defense 		0.00% 0.00% 100.00% 75.65%
Consumer Cyclical 		0.00% 0.00% 100.00% 79.31%
Basic Materials 		0.00% 0.00% 100.00% 10.56%

Stock Geographic Breakdown

Weighting Return Low Return High FHYSX % Rank
US 		98.05% 0.00% 99.64% 0.33%
Non US 		0.00% -0.01% 0.83% 64.32%

FHYSX - Expenses

Operational Fees

FHYSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.02% 38.33% 50.33%
Management Fee 0.00% 0.00% 1.75% 0.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 51.89%

Sales Fees

FHYSX 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

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

FHYSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 1.00% 255.00% 0.36%

FHYSX - Distributions

Dividend Yield Analysis

FHYSX Category Low Category High FHYSX % Rank
Dividend Yield 6.43% 0.00% 11.76% 39.19%

Dividend Distribution Analysis

FHYSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FHYSX Category Low Category High FHYSX % Rank
Net Income Ratio 5.42% -2.39% 9.30% 10.33%

Capital Gain Distribution Analysis

FHYSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

View More +

FHYSX - Fund Manager Analysis

Managers

Mark Durbiano

Start Date

Tenure

Tenure Rank

Dec 24, 2008

13.44

13.4%

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.

Steven Wagner

Start Date

Tenure

Tenure Rank

Feb 28, 2018

4.25

4.3%

Mr. Wagner joined Federated in 1997 as an analyst in the high yield area and has been Senior Investment Analyst and Vice President of Federated Investment Management Company since 2003. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.32 8.17

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