# Federated Hermes Short Duration High Yield ETF (FHYS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fhys for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Federated Hermes · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2021-12-16 The fund actively and primarily invests in a portfolio of high-yield, US dollar-denominated corporate bonds and floating rate term loans, issued by US or foreign companies. The adviser selects debt securities it believes possesses attractive risk return characteristics by conducting an analysis of the issuers financial condition, business and product strength, competitive position and management expertise. Although the fund does not follow a specific maturity range, it has an expected dollar-weighted average duration of less than three years, of which is at the discretion of the manager. In... ## Key Facts | Metric | Value | |---|---| | Price | $22.70 | | Expense Ratio | 0.61% | | Assets Under Management | $73.3M | | NAV | $22.65 | | Holdings Count | 283 | | Distribution Yield (TTM) | 6.06% | | Annual Distribution (TTM) | $1.38 /share | | Distribution Frequency | Monthly | | 52-Week Range | $22.37 – $23.47 | | Beta | 0.28 | ## Latest Distribution - Amount: $0.1070 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does FHYS invest in? The fund actively and primarily invests in a portfolio of high-yield, US dollar-denominated corporate bonds and floating rate term loans, issued by US or foreign companies. The adviser selects debt securities it believes possesses attractive risk return characteristics by conducting an analysis of the issuers financial condition, business and product strength, competitive position and management expertise. Although the fund does not follow a specific maturity range, it has an expected dollar-weighted average duration of less than three years, of which is at the discretion of the manager. In seeking high current income, the fund may also hold bank loans, covenant-lite loans, syndicated loans, CLOs, and derivatives such as futures contracts, option contracts and swap contracts. The fund is designed for investors who are seeking to invest in a diversified portfolio delivering efficient exposure to the potential of high-yield corporate debt securities in USD. ### What is the expense ratio of FHYS? Federated Hermes Short Duration High Yield ETF (FHYS) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations. ### What is FHYS's dividend yield? FHYS's trailing-twelve-month yield is 6.06%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of FHYS? Effective duration measures FHYS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FHYS's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of FHYS? FHYS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of FHYS? Yield to maturity (YTM) is the total return you'd earn from FHYS if every bond in the portfolio is held to maturity at the current price. FHYS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does FHYS pay a dividend? Yes, Federated Hermes Short Duration High Yield ETF (FHYS) distributes dividends to shareholders. The trailing-twelve-month yield is 6.06%. Full dividend history is on this page. ### How often does FHYS pay dividends? Federated Hermes Short Duration High Yield ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FHYS's next ex-dividend date? The most recently announced ex-dividend date for FHYS was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FHYS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.61% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FHYS charge its expense ratio? The expense ratio is deducted in tiny daily slices from FHYS's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FHYS cost more than a fund like VOO? FHYS is actively managed (current expense ratio 0.61%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FHYS's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FHYS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FHYS (0.61%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fhys - Distribution history: https://www.dividenddata.com/funds/fhys/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fhys/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fhys/expenses - Peer comparison: https://www.dividenddata.com/funds/fhys/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.