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
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 6.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.41%.
