Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
8.87
-0.01 (-0.11%)
May 27, 2025, 8:09 AM EDT
1.84% (1Y)
| Fund Assets | 7.14B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 5.94% |
| Dividend Growth | 1.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2025 |
| Previous Close | 8.88 |
| YTD Return | 1.11% |
| 1-Year Return | 6.56% |
| 5-Year Return | 20.76% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.03 |
| Beta (5Y) | 0.37 |
| Holdings | 567 |
| Inception Date | Nov 4, 2002 |
About FIHBX
The fund invests primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), which include debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. The fund may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies.
Fund Family Federated Hermes Int
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol FIHBX
Share Class Institutional Shares
Index Bloomberg US High Yield 2% Issuer Cap TR
Performance
FIHBX had a total return of 6.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.04%.
Top 10 Holdings
10.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Govt Oblg Pr Shares | n/a | 2.02% |
| Clarios Global LP 8.5% | POWSOL.8.5 05.15.27 144A | 1.10% |
| Ardonagh Group Finance Ltd. 8.875% | ARDGRP.8.875 02.15.32 144A | 1.00% |
| Medline Borrower LP 5.25% | MEDIND.5.25 10.01.29 144A | 0.96% |
| 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% | BCULC.4 10.15.30 144A | 0.85% |
| McAfee Corp 7.375% | MCFE.7.375 02.15.30 144A | 0.84% |
| Broadstreet Partners Inc 5.875% | BROPAR.5.875 04.15.29 144A | 0.83% |
| Minerva Merger Subordinated Inc. 6.5% | ATHENA.6.5 02.15.30 144A | 0.81% |
| Midas Opco Holdings LLC 5.625% | STGW.5.625 08.15.29 144A | 0.80% |
| Clydesdale Acquisition Holdings Inc. 8.75% | NOVHOL.8.75 04.15.30 144A | 0.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2025 | $0.04227 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04212 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04164 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04163 | Jan 31, 2025 |
| Dec 31, 2024 | $0.04672 | Dec 31, 2024 |
| Nov 29, 2024 | $0.04822 | Nov 29, 2024 |