Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Federated Hermes Sustainable High Yield Bond Fund, Inc.
mutual fund
FHBRX
Payout Change
Pending
Price as of:
$6.84
+0.0
+0.0%
primary theme
High Yield Bond
share class
FHBRX (Mutual Fund)
Federated Hermes Sustainable High Yield Bond Fund, Inc.
Payout Change
Pending
Price as of:
$6.84
+0.0
+0.0%
primary theme
High Yield Bond
share class
FHBRX (Mutual Fund)
Federated Hermes Sustainable High Yield Bond Fund, Inc.
Payout Change
Pending
Price as of:
$6.84
+0.0
+0.0%
primary theme
High Yield Bond
share class
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.9%
1 yr return
10.4%
3 Yr Avg Return
2.7%
5 Yr Avg Return
4.0%
Net Assets
$444 M
Holdings in Top 10
13.2%
52 WEEK LOW AND HIGH
$6.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FHBRX - Profile
Distributions
- YTD Total Return 6.9%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.70%
- Dividend Yield 5.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFederated Hermes Sustainable High Yield Bond Fund, Inc.
-
Fund Family NameFederated Hermes Funds
-
Inception DateJan 31, 2017
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Durbiano
Fund Description
The Fund pursues its investment objective by investing primarily in a diversified portfolio of sustainable, lower-rated fixed-income investments (i.e., BB or lower). These investments include lower-rated corporate bonds (also known as “junk bonds”) which include debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Fund’s investment adviser or sub-adviser (as applicable, the “Adviser”) does not target an average maturity for the Fund’s portfolio.The Adviser’s securities selection process includes a focus on sustainable investments and the avoidance of issuers with high environmental, social and governance (ESG) risk as determined in accordance with the Adviser’s sustainable investment methodology, which includes a proprietary analysis of a company’s creditworthiness, ESG risks and sustainability credentials.The Adviser assigns an ESG Rating to individual securities based on a proprietary assessment of material ESG risks. The Adviser determines these ratings based on research and due diligence, including a review of information that may be publicly available, company provided and/or from third party sources. The ESG Rating is determined by the Adviser’s view of material risks including: environmental (e.g., temperature alignment, carbon intensity, water usage, waste reduction); social (e.g., human rights, employee rights, health/safety concerns, data privacy); and governance (e.g., management effectiveness and board composition). Additionally, issuers will be evaluated based on their willingness and ability to decarbonize based on the Adviser’s proprietary Climate Change Impact Score (CCI) methodology. These scores are determined by combining a review of data on greenhouse gas emissions, publicly available or company-disclosed information, third-party opinions and engagement with issuers.The Adviser may invest up to 15% of the Fund’s net assets in companies that have not been subject to sustainability analysis. The Fund will generally not purchase securities with ESG Ratings or CCI Scores below certain thresholds deemed by the Adviser to have failed an analysis of sustainability credentials. However, the Fund may purchase a “Green Bond,” “Social Bond” or “Sustainability-Linked Bond” (collectively, “GSS Bonds”) from certain issuers whose securities may otherwise be excluded based on ESG Ratings or CCI Scores.The Adviser will exclude companies that generate greater than 5% of their revenue from the manufacture of tobacco or controversial weapons, or that, in the Adviser’s view, are in violation of the UN Global Compact principles. For purposes of this strategy, examples of controversial weapons include cluster munitions, anti-personnel mines, biological weapons and chemical weapons. The Adviser also targets a lower weighted-average carbon intensity compared to that of the Bloomberg US Corporate High Yield 2% Issuer Capped Index.The Fund may invest in derivative contracts, in particular, futures contracts, option contracts and swap contracts, and/or hybrid instruments to implement elements of its investment strategy. For example, the Fund may use derivative contracts and/or hybrid instruments to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contracts or hybrid instruments in an attempt to benefit from changes in the value of the underlying investment(s). There can be no assurance that the Fund’s use of derivative contracts or hybrid instruments will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in sustainable, lower-rated fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in sustainable, lower-rated fixed-income investments. For the purposes of this policy, the Adviser will consider “sustainable” investments as those that are selected in accordance with its sustainable investment methodology, which is based on a materiality assessment of a company’s carbon intensity and incorporates a proprietary scoring methodology focusing on the overall sustainability credentials of issuers.
Read More
FHBRX - Performance
Return Ranking - Trailing
| Period | FHBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -7.8% | 19.6% | 78.09% |
| 1 Yr | 10.4% | -4.4% | 20.4% | 61.45% |
| 3 Yr | 2.7%* | -13.9% | 21.6% | 58.59% |
| 5 Yr | 4.0%* | -11.3% | 37.2% | 42.86% |
| 10 Yr | N/A* | -5.0% | 20.2% | 37.11% |
* Annualized
Return Ranking - Calendar
| Period | FHBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.2% | -4.7% | 14.3% | 21.31% |
| 2022 | -16.4% | -33.4% | 3.6% | 65.40% |
| 2021 | 0.1% | -8.4% | 8.2% | 46.05% |
| 2020 | 0.5% | -13.2% | 302.7% | 37.17% |
| 2019 | 8.3% | -4.4% | 13.3% | 45.90% |
Total Return Ranking - Trailing
| Period | FHBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.9% | -7.8% | 19.6% | 78.09% |
| 1 Yr | 10.4% | -4.4% | 20.4% | 61.45% |
| 3 Yr | 2.7%* | -13.9% | 21.6% | 58.59% |
| 5 Yr | 4.0%* | -11.3% | 37.2% | 42.86% |
| 10 Yr | N/A* | -5.0% | 20.2% | 34.62% |
* Annualized
Total Return Ranking - Calendar
| Period | FHBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.7% | -4.7% | 18.7% | 34.26% |
| 2022 | -11.5% | -33.4% | 47.8% | 69.04% |
| 2021 | 5.1% | -8.4% | 12.4% | 47.94% |
| 2020 | 6.2% | -9.6% | 325.6% | 33.81% |
| 2019 | 14.7% | -3.8% | 19.4% | 32.42% |
NAV & Total Return History
FHBRX - Holdings
Concentration Analysis
| FHBRX | Category Low | Category High | FHBRX % Rank | |
|---|---|---|---|---|
| Net Assets | 444 M | 3.13 M | 25.3 B | 58.50% |
| Number of Holdings | 402 | 2 | 4432 | 41.54% |
| Net Assets in Top 10 | 60.6 M | -492 M | 6.67 B | 62.23% |
| Weighting of Top 10 | 13.17% | 4.2% | 146.0% | 53.53% |
Top 10 Holdings
- Federated Hermes Government Obligations Fund 3.90%
- Panther BF Aggregator 2 LP / Panther Finance Co Inc 1.44%
- Mozart Debt Merger Sub Inc 1.20%
- Clydesdale Acquisition Holdings Inc 1.08%
- BroadStreet Partners Inc 1.07%
- Condor Merger Sub Inc 1.05%
- Ardonagh Group Finance Ltd 0.95%
- 1011778 BC ULC / New Red Finance Inc 0.86%
- Minerva Merger Sub Inc 0.83%
- Trivium Packaging Finance BV 0.81%
Asset Allocation
| Weighting | Return Low | Return High | FHBRX % Rank | |
|---|---|---|---|---|
| Bonds | 94.97% | 0.00% | 145.36% | 52.61% |
| Cash | 5.03% | -52.00% | 48.02% | 33.50% |
| Convertible Bonds | 0.25% | 0.00% | 17.89% | 88.67% |
| Stocks | 0.00% | 0.00% | 97.54% | 91.83% |
| Preferred Stocks | 0.00% | 0.00% | 4.97% | 80.79% |
| Other | 0.00% | -39.08% | 99.23% | 76.52% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FHBRX % Rank | |
|---|---|---|---|---|
| Corporate | 98.24% | 0.00% | 100.00% | 13.98% |
| Cash & Equivalents | 3.90% | 0.00% | 48.02% | 39.41% |
| Derivative | 0.00% | -14.58% | 42.26% | 68.80% |
| Securitized | 0.00% | 0.00% | 97.24% | 82.73% |
| Municipal | 0.00% | 0.00% | 1.17% | 68.26% |
| Government | 0.00% | 0.00% | 99.07% | 78.62% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FHBRX % Rank | |
|---|---|---|---|---|
| US | 94.97% | 0.00% | 126.57% | 39.90% |
| Non US | 0.00% | 0.00% | 96.91% | 80.13% |
FHBRX - Expenses
Operational Fees
| FHBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.02% | 38.33% | 73.28% |
| Management Fee | 0.50% | 0.00% | 1.75% | 35.02% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.00% | 0.50% | 54.05% |
Sales Fees
| FHBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FHBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FHBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 28.00% | 1.00% | 255.00% | 6.82% |
FHBRX - Distributions
Dividend Yield Analysis
| FHBRX | Category Low | Category High | FHBRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.63% | 0.00% | 11.76% | 62.81% |
Dividend Distribution Analysis
| FHBRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FHBRX | Category Low | Category High | FHBRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.70% | -2.39% | 9.30% | 33.78% |
Capital Gain Distribution Analysis
| FHBRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 11, 2024 | $0.032 | OrdinaryDividend |
| Oct 10, 2024 | $0.032 | OrdinaryDividend |
| Sep 10, 2024 | $0.033 | OrdinaryDividend |
| Aug 12, 2024 | $0.032 | OrdinaryDividend |
| Apr 10, 2024 | $0.032 | OrdinaryDividend |
| Mar 11, 2024 | $0.029 | OrdinaryDividend |
| Jan 10, 2024 | $0.030 | OrdinaryDividend |
| Dec 11, 2023 | $0.041 | OrdinaryDividend |
| Nov 10, 2023 | $0.032 | OrdinaryDividend |
| Oct 10, 2023 | $0.031 | OrdinaryDividend |
| Sep 11, 2023 | $0.032 | OrdinaryDividend |
| Aug 10, 2023 | $0.031 | OrdinaryDividend |
| Jul 10, 2023 | $0.033 | OrdinaryDividend |
| Jun 12, 2023 | $0.034 | OrdinaryDividend |
| May 10, 2023 | $0.033 | OrdinaryDividend |
| Apr 10, 2023 | $0.033 | OrdinaryDividend |
| Mar 10, 2023 | $0.028 | OrdinaryDividend |
| Feb 10, 2023 | $0.030 | OrdinaryDividend |
| Jan 10, 2023 | $0.030 | OrdinaryDividend |
| Dec 12, 2022 | $0.042 | OrdinaryDividend |
| Nov 10, 2022 | $0.032 | OrdinaryDividend |
| Oct 10, 2022 | $0.033 | OrdinaryDividend |
| Sep 12, 2022 | $0.032 | OrdinaryDividend |
| Aug 10, 2022 | $0.031 | OrdinaryDividend |
| Jul 11, 2022 | $0.032 | OrdinaryDividend |
| Jun 10, 2022 | $0.031 | OrdinaryDividend |
| May 10, 2022 | $0.031 | OrdinaryDividend |
| Apr 11, 2022 | $0.031 | OrdinaryDividend |
| Mar 10, 2022 | $0.028 | OrdinaryDividend |
| Feb 10, 2022 | $0.028 | OrdinaryDividend |
| Jan 10, 2022 | $0.029 | OrdinaryDividend |
| Dec 10, 2021 | $0.040 | OrdinaryDividend |
| Nov 10, 2021 | $0.031 | OrdinaryDividend |
| Oct 11, 2021 | $0.030 | OrdinaryDividend |
| Sep 10, 2021 | $0.031 | OrdinaryDividend |
| Aug 10, 2021 | $0.031 | OrdinaryDividend |
| Jul 12, 2021 | $0.031 | OrdinaryDividend |
| Jun 10, 2021 | $0.031 | OrdinaryDividend |
| May 10, 2021 | $0.030 | OrdinaryDividend |
| Apr 12, 2021 | $0.031 | OrdinaryDividend |
| Mar 10, 2021 | $0.027 | OrdinaryDividend |
| Feb 10, 2021 | $0.028 | OrdinaryDividend |
| Jan 11, 2021 | $0.027 | OrdinaryDividend |
| Dec 10, 2020 | $0.040 | OrdinaryDividend |
| Nov 10, 2020 | $0.031 | OrdinaryDividend |
| Oct 12, 2020 | $0.032 | OrdinaryDividend |
| Sep 10, 2020 | $0.033 | OrdinaryDividend |
| Aug 10, 2020 | $0.032 | OrdinaryDividend |
| Jul 10, 2020 | $0.032 | OrdinaryDividend |
| Jun 10, 2020 | $0.034 | OrdinaryDividend |
| May 11, 2020 | $0.034 | OrdinaryDividend |
| Apr 13, 2020 | $0.035 | OrdinaryDividend |
| Mar 10, 2020 | $0.031 | OrdinaryDividend |
| Feb 10, 2020 | $0.032 | OrdinaryDividend |
| Jan 10, 2020 | $0.031 | OrdinaryDividend |
| Dec 10, 2019 | $0.044 | OrdinaryDividend |
| Nov 11, 2019 | $0.034 | OrdinaryDividend |
| Oct 10, 2019 | $0.035 | OrdinaryDividend |
| Sep 10, 2019 | $0.035 | OrdinaryDividend |
| Aug 12, 2019 | $0.035 | OrdinaryDividend |
| Jul 10, 2019 | $0.035 | OrdinaryDividend |
| Jun 10, 2019 | $0.035 | OrdinaryDividend |
| May 10, 2019 | $0.035 | OrdinaryDividend |
| Apr 10, 2019 | $0.035 | OrdinaryDividend |
| Mar 11, 2019 | $0.032 | OrdinaryDividend |
| Feb 11, 2019 | $0.032 | OrdinaryDividend |
| Jan 10, 2019 | $0.032 | OrdinaryDividend |
| Dec 10, 2018 | $0.045 | OrdinaryDividend |
| Nov 12, 2018 | $0.036 | OrdinaryDividend |
| Oct 10, 2018 | $0.035 | OrdinaryDividend |
| Sep 10, 2018 | $0.035 | OrdinaryDividend |
| Aug 10, 2018 | $0.035 | OrdinaryDividend |
| Jul 10, 2018 | $0.035 | OrdinaryDividend |
| Jun 11, 2018 | $0.035 | OrdinaryDividend |
| May 10, 2018 | $0.035 | OrdinaryDividend |
| Apr 10, 2018 | $0.035 | OrdinaryDividend |
| Mar 12, 2018 | $0.032 | OrdinaryDividend |
| Feb 12, 2018 | $0.032 | OrdinaryDividend |
| Jan 10, 2018 | $0.031 | OrdinaryDividend |
| Dec 11, 2017 | $0.046 | OrdinaryDividend |
| Nov 10, 2017 | $0.036 | OrdinaryDividend |
| Oct 10, 2017 | $0.035 | OrdinaryDividend |
| Sep 11, 2017 | $0.035 | OrdinaryDividend |
| Aug 10, 2017 | $0.036 | OrdinaryDividend |
| Jul 10, 2017 | $0.035 | OrdinaryDividend |
| Jun 12, 2017 | $0.034 | OrdinaryDividend |
| May 10, 2017 | $0.033 | OrdinaryDividend |
| Apr 10, 2017 | $0.033 | OrdinaryDividend |
| Mar 10, 2017 | $0.032 | OrdinaryDividend |
| Feb 10, 2017 | $0.028 | OrdinaryDividend |
FHBRX - Fund Manager Analysis
Managers
Mark Durbiano
Start Date
Tenure
Tenure Rank
Jan 01, 1987
35.44
35.4%
Mr. Durbiano joined Federated in 1982 and has been a Senior Portfolio Manager and a Senior Vice President of Federated Investment Management Company since 1996. From 1988 through 1995, Mr. Durbiano was a Portfolio Manager and a Vice President of Federated. Mr. Durbiano has received the Chartered Financial Analyst designation and an M.B.A. in Finance from the University of Pittsburgh.
Steven Wagner
Start Date
Tenure
Tenure Rank
May 31, 2017
5.0
5.0%
Mr. Wagner joined Federated in 1997 as an analyst in the high yield area and has been Senior Investment Analyst and Vice President of Federated Investment Management Company since 2003. Mr. Wagner received his B.S. from Boston College and his M.B.A. in Finance from the University of Pittsburgh.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.31 | 8.17 |
