- What does FIHBX invest in?
- This fund primarily allocates its capital to a diversified array of corporate debt instruments characterized by higher yields and greater risk, commonly referred to as "junk bonds." These securities may originate from companies based in the United States or internationally, encompassing those from developing economies. The investment advisor places no specific limitations on the maturity spectrum of the fund's holdings. Furthermore, the fund is permitted to employ derivative contracts, such as futures, options, and swap agreements, to execute its investment objectives.
- What is the expense ratio of FIHBX?
- Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FIHBX's dividend yield?
- FIHBX's trailing-twelve-month yield is 6.50%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FIHBX?
- Effective duration measures FIHBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FIHBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FIHBX?
- FIHBX'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 FIHBX?
- Yield to maturity (YTM) is the total return you'd earn from FIHBX if every bond in the portfolio is held to maturity at the current price. FIHBX'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.
