Federated Hermes Institutional High Yield Bond Fund Class R6 (FIHLX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
8.75
+0.03 (0.34%)
At close: Apr 17, 2025
1.63% (1Y)
| Fund Assets | 6.77B |
| Expense Ratio | 0.49% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 6.07% |
| Dividend Growth | 1.92% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2025 |
| Previous Close | 8.72 |
| YTD Return | -0.38% |
| 1-Year Return | 7.40% |
| 5-Year Return | 25.52% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 563 |
| Inception Date | Jun 29, 2016 |
About FIHLX
The Fund's investment strategy focuses on High Yield with 0.48% total expense ratio. Federated Hermes Institutional Trust: Federated Hermes Institutional High Yield Bond Fund; Class R6 Shares seeks high current income. FIHLX 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.
Fund Family Federated Hermes R6
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FIHLX
Share Class Class R6 Shares
Index Bloomberg US High Yield 2% Issuer Cap TR
Performance
FIHLX had a total return of 7.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.32%.
Top 10 Holdings
11.35% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Government Obligations Fund | GOFXX | 3.40% |
| CLARIOS GLOBAL LP/US FIN - Panther BF Aggregator 2 LP / Panther Finance Co Inc | POWSOL 8.5 05.15.27 144A | 1.06% |
| Ardonagh Group Finance Ltd | ARDGRP 8.875 02.15.32 144A | 0.97% |
| MCAFEE CORP - Condor Merger Sub Inc | n/a | 0.93% |
| MEDLINE BORROWER LP - Mozart Debt Merger Sub Inc | MEDIND 5.25 10.01.29 144A | 0.92% |
| 1011778 BC / NEW RED FIN - 1011778 BC ULC / New Red Finance Inc | BCULC 4 10.15.30 144A | 0.86% |
| Clydesdale Acquisition Holdings Inc | NOVHOL 8.75 04.15.30 144A | 0.82% |
| ATHENAHEALTH GROUP INC - Minerva Merger Sub Inc | ATHENA 6.5 02.15.30 144A | 0.81% |
| BroadStreet Partners Inc | BROPAR 5.875 04.15.29 144A | 0.81% |
| MIDAS OPCO HOLDINGS LLC | STGW 5.625 08.15.29 144A | 0.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2025 | $0.04221 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04173 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04173 | Jan 31, 2025 |
| Dec 31, 2024 | $0.04682 | Dec 31, 2024 |
| Nov 29, 2024 | $0.04832 | Nov 29, 2024 |
| Oct 31, 2024 | $0.04679 | Oct 31, 2024 |