Morningstar

Federated Hermes Opportunistic HY Bd IS FHTIX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return 6.45  /  +0.01 %
  • Total Assets 467.2 Mil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.26%
  • Effective Duration 3.50 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 PM GMT+0

Morningstar’s Analysis FHTIX

Will FHTIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FHTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Federated Hermes Opportunistic HY Bd IS's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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Portfolio Holdings FHTIX

More FHTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank Loan Core

1.60 7.5 Mil
—

Federated Govt Oblg Pr Shares

1.28 6.0 Mil
—

Clarios Global LP 8.5%

1.22 5.7 Mil
Corporate

Clydesdale Acquisition Holdings Inc. 8.75%

1.10 5.2 Mil
Corporate

1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4%

1.08 5.1 Mil
Corporate

Medline Borrower LP 5.25%

1.04 4.9 Mil
Corporate

Minerva Merger Subordinated Inc. 6.5%

0.96 4.5 Mil
Corporate

McAfee Corp 7.375%

0.90 4.2 Mil
Corporate

Broadstreet Partners Inc 5.875%

0.89 4.2 Mil
Corporate

Allied Universal Holdco LLC / Allied Universal Finance Corporation 9.75%

0.88 4.1 Mil
Corporate

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