FHYTX: Federated Hermes Opportunistic High Yield Bond Fund - MutualFunds.com

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Federated High Yield Trust Service

FHYTX - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 5.0%
  • Net Assets $640 M
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$6.74
$5.10
$6.78

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare FHYTX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

4.78%

$0.28

-0.50%

-

$7.69

0.00%

$25.49 B

5.27%

$0.41

-1.03%

-

$86.41

+0.16%

$23.82 B

4.89%

$4.22

-1.74%

-

$5.45

0.00%

$20.11 B

5.80%

$0.32

-2.33%

-

$9.99

+0.10%

$16.76 B

5.69%

$0.57

-0.89%

-

FHYTX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Opportunistic High Yield Bond Fund
  • Fund Family Name
    Federated
  • Inception Date
    Aug 23, 1984
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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 fund's investment adviser ("Adviser") selects securities that the advisor 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.


FHYTX - Performance

Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -48.2% 392.8% 27.93%
1 Yr 2.1% -54.3% 9.9% 47.23%
3 Yr 3.0%* -21.8% 8.3% 52.61%
5 Yr 5.0%* -0.9% 9.0% 48.38%
10 Yr 6.6%* 0.7% 9.2% 3.25%

* Annualized

Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
2019 9.6% -10.3% 226.1% 11.24%
2018 -10.5% -18.4% -0.2% 91.32%
2017 2.5% -9.5% 18.8% 13.67%
2016 8.9% -9.1% 28.6% 20.11%
2015 -8.2% -34.3% 3.5% 37.76%

Total Return Ranking - Trailing

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -48.2% 392.8% 27.93%
1 Yr 2.1% -54.3% 9.9% 37.64%
3 Yr 3.0%* -21.8% 8.3% 45.51%
5 Yr 5.0%* -1.1% 9.0% 42.04%
10 Yr 6.6%* 0.7% 9.2% 3.04%

* Annualized

Total Return Ranking - Calendar

Period FHYTX Return Category Return Low Category Return High Rank in Category (%)
2019 9.6% -8.1% 23.9% 13.40%
2018 -10.5% -18.4% 1.3% 93.00%
2017 2.5% -8.5% 18.8% 31.83%
2016 20.7% -9.1% 39.0% 0.89%
2015 -8.2% -32.4% 3.5% 46.24%

NAV & Total Return History


FHYTX - Holdings

Concentration Analysis

FHYTX Category Low Category High FHYTX % Rank
Net Assets 640 M 3.33 M 27.6 B 42.16%
Number of Holdings 501 1 2239 25.64%
Net Assets in Top 10 74.2 M -492 M 2.87 B 43.42%
Weighting of Top 10 11.90% 3.4% 100.0% 52.97%

Top 10 Holdings

  1. Federated Hermes Inst Prime Val Obl IS 2.82%
  2. Federated Bank Loan Core 2.02%
  3. Hub International Limited 7% 1.24%
  4. Allied Universal Holdco LLC / Allied Universal Finance Corporation 9.75% 0.92%
  5. Tempo Acquisition LLC / Tempo Acquisition Fin Corp 6.75% 0.88%
  6. Bausch Health Companies Inc 6.12% 0.87%
  7. Panther BF Aggregator 2 LP / Panther Finance Company Inc 8.5% 0.84%
  8. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 0.83%
  9. ALTICE FRANCE S.A 7.38% 0.82%
  10. Quicken Loans Inc. 5.75% 0.75%

Asset Allocation

Weighting Return Low Return High FHYTX % Rank
Bonds
88.96% 0.00% 141.18% 87.65%
Stocks
7.94% -28.46% 28.23% 3.53%
Cash
3.10% -48.94% 100.00% 53.19%
Preferred Stocks
0.00% 0.00% 7.97% 71.78%
Other
0.00% -2.78% 58.14% 65.67%
Convertible Bonds
0.00% 0.00% 19.96% 86.57%

Stock Sector Breakdown

Weighting Return Low Return High FHYTX % Rank
Consumer Cyclical
32.74% 0.00% 100.00% 13.13%
Communication Services
15.55% 0.00% 100.00% 15.32%
Basic Materials
14.51% 0.00% 100.00% 8.10%
Technology
12.42% 0.00% 46.47% 11.82%
Utilities
9.71% 0.00% 99.51% 20.35%
Energy
9.49% 0.00% 100.00% 45.95%
Real Estate
3.01% 0.00% 100.00% 12.91%
Healthcare
2.57% 0.00% 100.00% 23.19%
Industrials
0.00% 0.00% 100.00% 67.61%
Financial Services
0.00% 0.00% 100.00% 62.14%
Consumer Defense
0.00% 0.00% 52.26% 52.95%

Stock Geographic Breakdown

Weighting Return Low Return High FHYTX % Rank
US
7.43% -28.07% 19.67% 3.53%
Non US
0.51% -0.39% 13.32% 4.34%

Bond Sector Breakdown

Weighting Return Low Return High FHYTX % Rank
Corporate
96.22% 0.00% 100.00% 39.40%
Cash & Equivalents
3.37% 0.00% 100.00% 54.48%
Government
0.37% 0.00% 74.11% 22.69%
Securitized
0.03% 0.00% 95.38% 40.08%
Derivative
0.00% 0.00% 51.02% 59.78%
Municipal
0.00% 0.00% 16.25% 53.67%

Bond Geographic Breakdown

Weighting Return Low Return High FHYTX % Rank
US
79.18% 0.00% 127.79% 54.27%
Non US
9.78% -27.40% 96.73% 81.68%

FHYTX - Expenses

Operational Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.04% 20.17% 45.28%
Management Fee 0.60% 0.00% 1.84% 61.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 50.00%

Sales Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 15.25%

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.

FHYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 1.00% 349.00% 12.78%

FHYTX - Distributions

Dividend Yield Analysis

FHYTX Category Low Category High FHYTX % Rank
Dividend Yield 0.00% 0.00% 6.07% 54.05%

Dividend Distribution Analysis

FHYTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FHYTX Category Low Category High FHYTX % Rank
Net Income Ratio 4.83% -0.81% 10.03% 67.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FHYTX - Fund Manager Analysis

Managers

Mark Durbiano


Start Date

Tenure

Tenure Rank

Aug 23, 1984

36.21

36.2%

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

9.51

9.5%

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
0.04 36.21 6.49 1.34
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