Federated Hermes Institutional High Yield Bond Fund Institutional Shares
FIHBX
NASDAQ
| Weiss Ratings | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Rating | ||||
| Reward Index | Fair | |||
| Reward Grade | C | |||
| Risk Index | Fair | |||
| Risk Grade | C+ | |||
| Company Info | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Provider | Federated | |||
| Manager/Tenure (Years) | Mark E. Durbiano (22), Kathryn Glass (2), Thomas Scherr (2), 1 other | |||
| Website | http://www.federatedinvestors.com | |||
| Fund Information | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Fund Name | Federated Hermes Institutional High Yield Bond Fund Institutional Shares | |||
| Category | High Yield Bond | |||
| Sub-Category | US Fixed Income | |||
| Prospectus Objective | Corporate Bond - High Yield | |||
| Inception Date | Nov 01, 2002 | |||
| Open/Closed To New Investors | Open | |||
| Minimum Initial Investment | 1,000,000.00 | |||
| Minimum Subsequent Investment | -- | |||
| Front End Fee | -- | |||
| Back End Fee | -- | |||
| Dividends and Shares | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield | 5.81% | |||
| Dividend | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Dividend Yield (Forward) | -- | |||
| Asset Allocation | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Cash | 0.02% | |||
| Stock | 0.02% | |||
| U.S. Stock | 0.02% | |||
| Non-U.S. Stock | 0.00% | |||
| Bond | 96.88% | |||
| U.S. Bond | 86.45% | |||
| Non-U.S. Bond | 10.43% | |||
| Preferred | 0.00% | |||
| Convertible | 0.00% | |||
| Other Net | 3.08% | |||
| Price History | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| 7-Day Total Return | -0.37% | |||
| 30-Day Total Return | -0.12% | |||
| 60-Day Total Return | 0.51% | |||
| 90-Day Total Return | 1.44% | |||
| Year to Date Total Return | 6.80% | |||
| 1-Year Total Return | 7.14% | |||
| 2-Year Total Return | 20.05% | |||
| 3-Year Total Return | 31.03% | |||
| 5-Year Total Return | 23.51% | |||
| Price | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Closing Price | -- | |||
| 1-Month Low Price | -- | |||
| 1-Month High Price | -- | |||
| 52-Week Low Price | -- | |||
| 52-Week Low Price (Date) | -- | |||
| 52-Week High Price | -- | |||
| 52-Week High Price (Date) | -- | |||
| NAV | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Nav | $9.02 | |||
| 1-Month Low NAV | $9.00 | |||
| 1-Month High NAV | $9.07 | |||
| 52-Week Low NAV | $8.62 | |||
| 52-Week Low NAV (Date) | Apr 07, 2025 | |||
| 52-Week High NAV | $9.09 | |||
| 52-Week High Price (Date) | Sep 23, 2025 | |||
| Beta / Standard Deviation | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Beta | 0.61 | |||
| Standard Deviation | 5.12 | |||
| Balance Sheet | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Total Assets | 7.03B | |||
| Operating Ratios | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Expense Ratio | 0.50% | |||
| Turnover Ratio | 24.00% | |||
| Performance | FIHBX-NASDAQ | Click to Compare |
Click to Compare |
Click to Compare |
| Last Bull Market Total Return | 7.16% | |||
| Last Bear Market Total Return | -9.89% | |||