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Federated Hermes Instl High Yield Bd IS (FIHBX)

8.73 -0.02 (-0.23%)
At close: June 14 at 8:01 PM EDT

Fund Summary

The fund invests primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), which include debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. The fund may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies.

Risk Overview

Morningstar Risk Rating
Best 1Y Total Return 49.50%
Worst 1Y Total Return --
Number of Years Up 17
Number of Years Down 4

Performance & Risk

YTD Return 1.35%
5y Average Return 3.46%
Rank in Category (ytd) 93
% Rank in Category (ytd) --
Beta (5Y Monthly) 0.87
Morningstar Risk Rating

Risk Statistics

3 Years5 Years10 Years
FIHBXCategory AverageFIHBXCategory AverageFIHBXCategory Average
Alpha 3.73 0.03 3.69 0.04 2.88 0.04
BETA 0.87 0.01 0.86 0 0.76 0
Mean Annual Return 0.14 0.01 0.33 0.01 0.36 0
R-squared 58.88 0.04 35.32 0.05 25.17 0.04
Standard Deviation 8.48 0.09 9.08 0.07 7.39 0.07
Sharpe Ratio -0.19 0.01 0.2 0.01 0.37 0.01
Treynor Ratio -2.29 0.11 1.62 0.11 3.31 0.12

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