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Federated Hermes High Yield Strategy (FHYSX)

11.37
+0.02
+(0.18%)
At close: 8:04:15 PM EDT

Fund Summary

The fund pursues its investment objective by investing primarily in the High Yield Bond Core Fund (the "underlying fund"), a portfolio of Federated Hermes Core Trust. The underlying fund in turn invests in a diversified portfolio of domestic corporate high-yield bonds (also known as "junk bonds"), but may invest a portion of its portfolio in securities of issuers based outside the United States.

Federated Hermes High Yield Strategy

Pittsburgh, PA 15222-3779
5800 Corporate Drive

Fund Overview

Category High Yield Bond
Fund Family Federated
Net Assets 39.99M
YTD Return 1.14%
Yield 6.39%
Morningstar Rating
Inception Date Dec 24, 2008

Fund Operations

Last Dividend 0.18
Last Cap Gain -18.00
Holdings Turnover 22.00%
Average for Category --

Fees & Expenses

Expense FHYSX Category Average
Annual Report Expense Ratio (net) 0.04% 0.95%
Prospectus Net Expense Ratio 0.04% --
Prospectus Gross Expense Ratio 0.69% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mark E. Durbiano, Lead Manager since December 24, 2008
Mark E. Durbiano, CFA, Senior Portfolio Manager, Head of the Domestic High Yield Group is responsible for portfolio management and research in the fixed income area, concentrating in the domestic high yield sector. Mr. Durbiano joined Federated in 1982 and has been Senior Portfolio Manager and Senior Vice President since 1996. He received a B.A. from Dickinson College and an M.B.A. from University of Pittsburgh. Mr. Durbiano has 38 years of investment experience.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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