Federated Hermes Institutional High Yield Bond Fund Institutional Shares (FIHBX)
| Fund Assets | 4.92B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 6.47% |
| Dividend Growth | 8.40% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 8.82 |
| YTD Return | -0.88% |
| 1-Year Return | 6.52% |
| 5-Year Return | 15.07% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.09 |
| Beta (5Y) | 0.37 |
| Holdings | 473 |
| Inception Date | Nov 1, 2002 |
About FIHBX
The Fund's investment strategy focuses on High Yield with 0.49% total expense ratio. The minimum amount to invest in Federated Hermes Institutional Trust: Federated Hermes Institutional High Yield Bond Fund; Institutional Shs is $1,000,000 on a standard taxable account. Federated Hermes Institutional Trust: Federated Hermes Institutional High Yield Bond Fund; Institutional Shs seeks high current income. FIHBX pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"). The Adviser does not limit the Fund's investments to securities of a particular maturity range.
Performance
FIHBX had a total return of 6.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.06%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.04306 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04282 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04869 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0754 | Dec 31, 2025 |
| Nov 28, 2025 | $0.05664 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04575 | Oct 31, 2025 |