Federated Hermes Institutional High Yield Bond Fund Class R6 (FIHLX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
8.95
+0.01 (0.11%)
At close: Jun 10, 2025
2.64% (1Y)
| Fund Assets | 6.77B |
| Expense Ratio | 0.49% |
| Min. Investment | $0.00 |
| Turnover | n/a |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 5.88% |
| Dividend Growth | 1.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | May 30, 2025 |
| Previous Close | 8.94 |
| YTD Return | 1.90% |
| 1-Year Return | 7.39% |
| 5-Year Return | 21.04% |
| 52-Week Low | 8.62 |
| 52-Week High | 9.04 |
| Beta (5Y) | n/a |
| Holdings | 567 |
| 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
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 7.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.52%.
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 |
|---|---|---|
| May 30, 2025 | $0.042 | May 30, 2025 |
| Apr 30, 2025 | $0.04236 | Apr 30, 2025 |
| 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 |