What is FIHBX's market cap?

Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) has a market capitalization of approximately $6.88 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.

Does FIHBX pay a dividend?

Yes — Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) pays a dividend monthly, with a trailing-twelve-month yield of 6.52%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

FIHBX

Federated Hermes Institutional High Yield Bond Fund Institutional Shares

NASDAQ·Asset Management, Bonds · Financial Services

$8.83$0.03−0.34%

Market cap$6.88B·Jul 24 12:10 PM UTC

Price Chart

$8.83−$0.03 (−0.34%)today

−12.05%CAGR −2.54%

Select date range

FromTo

Nov 4, 2002Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)5.93%

Annual Dividend (FWD)$0.52

Dividend Growth (5Y)+0.3%

Dividend Safety—

Payout Ratio—

FCF Payout Ratio—

Most Recent Dividend$0.044

Ex-Dividend DateJun 30

Payment DateJun 30

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

Income Statement Flow

PRO

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About Federated Hermes Institutional High Yield Bond Fund Institutional Shares

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.

Sector: Financial Services
Industry: Asset Management - Bonds
Exchange: NASDAQ
Website: www.federatedhermes.com/us/products/mutual-funds/institutional-high-yield-bond/inst.do

Peers

Peers Tab

TSBIX

TIAA-CREF Core Impact Bond Fund Institutional Class

Cap

$8.1B

TSBPX

Nuveen Core Impact Bond Fund Premier

Cap

$8.1B

TNIBX

T. Rowe Price Intl Bd (USD Hdgd)

Cap

$9.7B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About FIHBX

What does Federated Hermes Institutional High Yield Bond Fund Institutional Shares do?: Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) operates in the Asset Management - Bonds industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is FIHBX's market cap?: Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) has a market capitalization of approximately $6.88 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.
Does FIHBX pay a dividend?: Yes — Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX) pays a dividend monthly, with a trailing-twelve-month yield of 6.52%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.