Federated Hermes Institutional High Yield Bond Fund Institutional Shares: (MF: FIHBX)
(NASDAQ Mutual Funds) As of Aug 9, 2024 08:00 PM ET
$8.83 USD
+0.01 (0.11%)
Fund Description
The fund was incepted in November 2002 and is managed by Federated Investment Management Company. The fund's investment objective is to seek high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as 'junk bonds'). The fund selects securities seeking high yields, low relative credit risk as compared with other high yield bonds and high portfolio diversification. The fund's securities selection process includes an analysis of the issuer's financial condition, business and product strength, competitive position and management expertise. The fund does not limit its investments to securities of a particular maturity range, but currently focuses on securities with remaining maturities of two to ten years. The fund offers dividends monthly and capital gains annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Federated Hermes Instl HiYld Bd IS | FIHBX | NA | NA | 0.00 | 0.00 | 0.40 | 0.49 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Federated Instl High Yld Bond | FIHBX | 8.83 | 11/1/2002 | 2.73 | 9.57 | 1.12 | 3.28 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Federated Hermes Instl HiYld Bd IS | FIHBX | 1000000 | 0 | 0 | M |
Contact Information
| Family | Federated |
| Address | 1001 Liberty Ave. Pittsburgh, PA 15222 |
| Phone | 800 341-7400 |