Federated Hermes Institutional High Yield Bond Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
8.0%
3 Yr Avg Return
0.9%
5 Yr Avg Return
3.0%
Net Assets
$7.66 B
Holdings in Top 10
11.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FIHLX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.78%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Institutional High Yield Bond Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJun 30, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Durbiano
Fund Description
FIHLX - Performance
Return Ranking - Trailing
Period | FIHLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -7.2% | 5.7% | 85.42% |
1 Yr | 8.0% | -8.9% | 16.0% | 55.66% |
3 Yr | 0.9%* | -16.5% | 19.9% | 54.92% |
5 Yr | 3.0%* | -11.8% | 36.4% | 45.49% |
10 Yr | N/A* | -4.8% | 19.3% | 17.25% |
* Annualized
Return Ranking - Calendar
Period | FIHLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -4.7% | 14.3% | 40.41% |
2022 | -15.8% | -33.4% | 3.6% | 55.12% |
2021 | -0.4% | -8.4% | 14.9% | 66.56% |
2020 | 0.4% | -13.9% | 302.7% | 40.71% |
2019 | 8.4% | -4.4% | 13.3% | 43.85% |
Total Return Ranking - Trailing
Period | FIHLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -7.2% | 5.7% | 85.42% |
1 Yr | 8.0% | -8.9% | 16.0% | 55.66% |
3 Yr | 0.9%* | -16.5% | 19.9% | 54.92% |
5 Yr | 3.0%* | -11.8% | 36.4% | 45.49% |
10 Yr | N/A* | -4.8% | 19.3% | 16.39% |
* Annualized
Total Return Ranking - Calendar
Period | FIHLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.3% | -4.7% | 18.2% | 45.24% |
2022 | -11.0% | -33.4% | 47.8% | 55.91% |
2021 | 5.2% | -8.4% | 24.8% | 43.28% |
2020 | 6.5% | -9.6% | 325.6% | 29.05% |
2019 | 15.0% | 0.9% | 21.5% | 21.84% |
NAV & Total Return History
FIHLX - Holdings
Concentration Analysis
FIHLX | Category Low | Category High | FIHLX % Rank | |
---|---|---|---|---|
Net Assets | 7.66 B | 1.45 M | 23.6 B | 9.09% |
Number of Holdings | 551 | 2 | 2736 | 27.24% |
Net Assets in Top 10 | 871 M | -492 M | 4.45 B | 8.51% |
Weighting of Top 10 | 11.44% | 4.2% | 146.9% | 67.80% |
Top 10 Holdings
- Federated Institutional Prime Value Obligations Fund 3.43%
- Panther BF Aggregator 2 LP / Panther Finance Co Inc 1.05%
- NFP Corp 1.04%
- Clydesdale Acquisition Holdings Inc 0.95%
- 1011778 BC ULC / New Red Finance Inc 0.90%
- Mozart Debt Merger Sub Inc 0.90%
- Minerva Merger Sub Inc 0.84%
- Condor Merger Sub Inc 0.82%
- BroadStreet Partners Inc 0.78%
- Gates Global LLC / Gates Global Co 0.73%
Asset Allocation
Weighting | Return Low | Return High | FIHLX % Rank | |
---|---|---|---|---|
Bonds | 95.69% | -3.13% | 154.38% | 37.13% |
Stocks | 3.74% | 0.00% | 99.54% | 20.80% |
Cash | 0.56% | -52.00% | 48.07% | 91.02% |
Convertible Bonds | 0.38% | 0.00% | 17.89% | 84.21% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 78.17% |
Other | 0.00% | -63.70% | 102.57% | 69.81% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FIHLX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 93.62% |
Technology | 0.00% | 0.00% | 33.17% | 93.43% |
Real Estate | 0.00% | 0.00% | 86.71% | 91.56% |
Industrials | 0.00% | 0.00% | 93.12% | 95.50% |
Healthcare | 0.00% | 0.00% | 22.17% | 92.68% |
Financial Services | 0.00% | 0.00% | 100.00% | 94.56% |
Energy | 0.00% | 0.00% | 100.00% | 34.90% |
Communication Services | 0.00% | 0.00% | 99.99% | 22.33% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 93.43% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 93.81% |
Basic Materials | 0.00% | 0.00% | 100.00% | 6.94% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FIHLX % Rank | |
---|---|---|---|---|
US | 3.74% | 0.00% | 99.54% | 20.90% |
Non US | 0.00% | -0.01% | 0.83% | 68.27% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FIHLX % Rank | |
---|---|---|---|---|
Corporate | 98.75% | 0.00% | 129.69% | 7.91% |
Derivative | 0.00% | -15.04% | 42.26% | 66.25% |
Cash & Equivalents | 0.00% | 0.00% | 48.07% | 95.67% |
Securitized | 0.00% | 0.00% | 97.24% | 80.93% |
Municipal | 0.00% | 0.00% | 4.66% | 66.67% |
Government | 0.00% | 0.00% | 99.07% | 75.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FIHLX % Rank | |
---|---|---|---|---|
US | 95.69% | -3.13% | 129.21% | 26.78% |
Non US | 0.00% | 0.00% | 98.19% | 79.41% |
FIHLX - Expenses
Operational Fees
FIHLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.51% | 0.04% | 31.61% | 91.02% |
Management Fee | 0.40% | 0.00% | 1.84% | 13.89% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.50% | 54.17% |
Sales Fees
FIHLX 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
FIHLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 28.81% |
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.
FIHLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.00% | 1.00% | 255.00% | 8.15% |
FIHLX - Distributions
Dividend Yield Analysis
FIHLX | Category Low | Category High | FIHLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.76% | 53.69% |
Dividend Distribution Analysis
FIHLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FIHLX | Category Low | Category High | FIHLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.78% | -2.39% | 14.30% | 30.39% |
Capital Gain Distribution Analysis
FIHLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 31, 2024 | $0.042 | DailyAccrualFund |
Feb 29, 2024 | $0.039 | DailyAccrualFund |
Jan 31, 2024 | $0.044 | DailyAccrualFund |
Dec 31, 2023 | $0.051 | DailyAccrualFund |
Nov 30, 2023 | $0.045 | DailyAccrualFund |
Oct 31, 2023 | $0.043 | DailyAccrualFund |
Sep 30, 2023 | $0.043 | DailyAccrualFund |
Aug 31, 2023 | $0.042 | DailyAccrualFund |
Jul 31, 2023 | $0.042 | DailyAccrualFund |
Jun 30, 2023 | $0.042 | DailyAccrualFund |
May 31, 2023 | $0.042 | DailyAccrualFund |
Apr 30, 2023 | $0.043 | DailyAccrualFund |
Mar 31, 2023 | $0.043 | DailyAccrualFund |
Feb 28, 2023 | $0.043 | DailyAccrualFund |
Jan 31, 2023 | $0.045 | DailyAccrualFund |
Dec 31, 2022 | $0.048 | DailyAccrualFund |
Nov 30, 2022 | $0.042 | DailyAccrualFund |
Oct 31, 2022 | $0.038 | DailyAccrualFund |
Sep 30, 2022 | $0.037 | DailyAccrualFund |
Aug 31, 2022 | $0.040 | DailyAccrualFund |
Jul 29, 2022 | $0.042 | DailyAccrualFund |
Jun 30, 2022 | $0.042 | DailyAccrualFund |
May 31, 2022 | $0.042 | DailyAccrualFund |
Apr 29, 2022 | $0.043 | DailyAccrualFund |
Mar 31, 2022 | $0.043 | DailyAccrualFund |
Feb 28, 2022 | $0.043 | DailyAccrualFund |
Jan 31, 2022 | $0.042 | DailyAccrualFund |
Dec 31, 2021 | $0.043 | DailyAccrualFund |
Nov 30, 2021 | $0.043 | DailyAccrualFund |
Oct 31, 2021 | $0.042 | DailyAccrualFund |
Sep 30, 2021 | $0.042 | DailyAccrualFund |
Aug 31, 2021 | $0.042 | DailyAccrualFund |
Jul 31, 2021 | $0.042 | DailyAccrualFund |
Jun 30, 2021 | $0.043 | DailyAccrualFund |
May 31, 2021 | $0.042 | DailyAccrualFund |
Apr 30, 2021 | $0.043 | DailyAccrualFund |
Mar 31, 2021 | $0.042 | DailyAccrualFund |
Feb 28, 2021 | $0.043 | DailyAccrualFund |
Jan 31, 2021 | $0.042 | DailyAccrualFund |
Dec 31, 2020 | $0.042 | DailyAccrualFund |
Nov 30, 2020 | $0.042 | DailyAccrualFund |
Oct 30, 2020 | $0.041 | DailyAccrualFund |
Sep 30, 2020 | $0.041 | DailyAccrualFund |
Aug 31, 2020 | $0.041 | DailyAccrualFund |
Jul 31, 2020 | $0.041 | DailyAccrualFund |
Jun 30, 2020 | $0.041 | DailyAccrualFund |
May 29, 2020 | $0.044 | DailyAccrualFund |
Apr 30, 2020 | $0.045 | DailyAccrualFund |
Mar 31, 2020 | $0.046 | DailyAccrualFund |
Feb 28, 2020 | $0.045 | DailyAccrualFund |
Jan 31, 2020 | $0.046 | DailyAccrualFund |
Dec 31, 2019 | $0.047 | DailyAccrualFund |
Nov 29, 2019 | $0.047 | DailyAccrualFund |
Oct 31, 2019 | $0.047 | DailyAccrualFund |
Sep 30, 2019 | $0.048 | DailyAccrualFund |
Aug 30, 2019 | $0.048 | DailyAccrualFund |
Jul 31, 2019 | $0.048 | DailyAccrualFund |
Jun 28, 2019 | $0.047 | OrdinaryDividend |
May 31, 2019 | $0.050 | DailyAccrualFund |
Apr 30, 2019 | $0.048 | DailyAccrualFund |
Mar 29, 2019 | $0.048 | DailyAccrualFund |
Feb 28, 2019 | $0.050 | DailyAccrualFund |
Jan 31, 2019 | $0.049 | DailyAccrualFund |
Dec 31, 2018 | $0.050 | DailyAccrualFund |
Nov 30, 2018 | $0.048 | DailyAccrualFund |
Oct 31, 2018 | $0.048 | DailyAccrualFund |
Aug 31, 2018 | $0.050 | DailyAccrualFund |
Jul 31, 2018 | $0.050 | DailyAccrualFund |
Jun 29, 2018 | $0.047 | DailyAccrualFund |
May 31, 2018 | $0.046 | DailyAccrualFund |
Apr 30, 2018 | $0.047 | DailyAccrualFund |
Mar 29, 2018 | $0.047 | DailyAccrualFund |
Feb 28, 2018 | $0.046 | DailyAccrualFund |
Jan 31, 2018 | $0.045 | DailyAccrualFund |
Dec 29, 2017 | $0.046 | DailyAccrualFund |
Nov 30, 2017 | $0.047 | DailyAccrualFund |
Oct 31, 2017 | $0.046 | DailyAccrualFund |
Sep 29, 2017 | $0.046 | DailyAccrualFund |
Aug 31, 2017 | $0.048 | DailyAccrualFund |
Jul 31, 2017 | $0.046 | DailyAccrualFund |
Jun 30, 2017 | $0.046 | DailyAccrualFund |
May 31, 2017 | $0.046 | DailyAccrualFund |
Apr 28, 2017 | $0.047 | DailyAccrualFund |
Mar 31, 2017 | $0.046 | DailyAccrualFund |
Feb 28, 2017 | $0.047 | DailyAccrualFund |
Jan 31, 2017 | $0.046 | DailyAccrualFund |
Dec 30, 2016 | $0.047 | DailyAccrualFund |
Nov 30, 2016 | $0.047 | DailyAccrualFund |
Oct 31, 2016 | $0.047 | DailyAccrualFund |
Sep 30, 2016 | $0.047 | DailyAccrualFund |
Aug 31, 2016 | $0.047 | DailyAccrualFund |
Jul 29, 2016 | $0.047 | DailyAccrualFund |
Jun 30, 2016 | $0.003 | DailyAccrualFund |
FIHLX - Fund Manager Analysis
Managers
Mark Durbiano
Start Date
Tenure
Tenure Rank
Nov 01, 2002
19.59
19.6%
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
Dec 31, 2017
4.42
4.4%
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 | 7.12 | 8.17 |