About FHBRX
Federated Hermes Sustainable High Yield Bond Fund, Inc. R6 Shares is a mutual fund designed to seek high current income through investments primarily in sustainable, lower-rated corporate fixed-income securities. These high-yield bonds, often classified as junk bonds, include debt from issuers evaluated for sustainability credentials based on carbon intensity and proprietary scoring methodologies. The fund emphasizes sustainable investments, a strategy adopted on May 26, 2023, when it repositioned from its prior focus on general lower-rated fixed-income to incorporate environmental and sustainability factors, potentially including emerging market debt from foreign businesses. Managed by Federated Investment Management Company with Hermes Investment Management Limited as sub-adviser, it targets securities rated BB and below by agencies like S&P, Moody's, and Fitch, exposing it to elevated market, credit, default, liquidity, and interest rate risks. Launched in its current share class on January 27, 2017, the fund plays a role in the fixed-income market by offering income-oriented exposure aligned with sustainable investing principles, amid benchmarks like the Bloomberg US Corporate High Yield 2% Issuer Capped Index.
Fund Family Federated
Category High Yield Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FHBRX
Share Class Class R6 Shares
Index Bloomberg US High Yield 2% Issuer Cap TR
FHBRX had a total return of 2.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.22%.
