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Trending ETFs

Federated Hermes Sustainable High Yield Bond Fund, Inc.

mutual fund
FHIIX
Payout Change
Pending
Price as of:
$6.84 +0.01 +0.15%
primary theme
High Yield Bond
share class
A (FHIIX) Instl (FHISX) C (FHICX) R6 (FHBRX)
FHIIX (Mutual Fund)

Federated Hermes Sustainable High Yield Bond Fund, Inc.

Payout Change
Pending
Price as of:
$6.84 +0.01 +0.15%
primary theme
High Yield Bond
share class
A (FHIIX) Instl (FHISX) C (FHICX) R6 (FHBRX)
FHIIX (Mutual Fund)

Federated Hermes Sustainable High Yield Bond Fund, Inc.

Payout Change
Pending
Price as of:
$6.84 +0.01 +0.15%
primary theme
High Yield Bond
share class
A (FHIIX) Instl (FHISX) C (FHICX) R6 (FHBRX)

Name

As of 11/29/2024

Price

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

Federated Hermes Sustainable High Yield Bond Fund, Inc.

FHIIX | Fund

$6.84

$444 M

5.37%

$0.37

1.05%

Vitals

YTD Return

6.7%

1 yr return

10.1%

3 Yr Avg Return

2.5%

5 Yr Avg Return

3.8%

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 1.05%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 28.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/29/2024

Price

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

Federated Hermes Sustainable High Yield Bond Fund, Inc.

FHIIX | Fund

$6.84

$444 M

5.37%

$0.37

1.05%

FHIIX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.44%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Federated Hermes Sustainable High Yield Bond Fund, Inc.
  • Fund Family Name
    Federated Hermes Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark 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.
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FHIIX - Performance

Return Ranking - Trailing

Period FHIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -8.0% 18.8% 85.25%
1 Yr 10.1% -3.7% 20.6% 75.74%
3 Yr 2.5%* -14.0% 21.7% 71.48%
5 Yr 3.8%* -11.4% 37.3% 54.71%
10 Yr 4.3%* -5.1% 20.1% 36.49%

* Annualized

Return Ranking - Calendar

Period FHIIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.2% -4.7% 14.3% 21.15%
2022 -16.4% -33.4% 3.6% 65.23%
2021 0.0% -8.4% 8.2% 48.45%
2020 0.5% -13.2% 302.7% 37.35%
2019 8.3% -4.4% 13.3% 46.08%

Total Return Ranking - Trailing

Period FHIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -8.0% 18.8% 85.25%
1 Yr 10.1% -3.7% 20.6% 75.74%
3 Yr 2.5%* -14.0% 21.7% 71.48%
5 Yr 3.8%* -11.4% 37.3% 54.71%
10 Yr 4.3%* -5.1% 20.1% 36.49%

* Annualized

Total Return Ranking - Calendar

Period FHIIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.4% -4.7% 18.7% 42.62%
2022 -11.7% -33.4% 47.8% 73.01%
2021 4.7% -8.4% 12.4% 59.45%
2020 5.9% -9.6% 325.6% 41.06%
2019 14.3% -3.8% 19.4% 39.34%

NAV & Total Return History

FHIIX - Holdings

Concentration Analysis

FHIIX Category Low Category High FHIIX % Rank
Net Assets 444 M 3.13 M 25.3 B 58.33%
Number of Holdings 402 2 4432 41.38%
Net Assets in Top 10 60.6 M -492 M 6.67 B 62.07%
Weighting of Top 10 13.17% 4.2% 146.0% 53.53%

Top 10 Holdings

  1. Federated Hermes Government Obligations Fund 3.90%
  2. Panther BF Aggregator 2 LP / Panther Finance Co Inc 1.44%
  3. Mozart Debt Merger Sub Inc 1.20%
  4. Clydesdale Acquisition Holdings Inc 1.08%
  5. BroadStreet Partners Inc 1.07%
  6. Condor Merger Sub Inc 1.05%
  7. Ardonagh Group Finance Ltd 0.95%
  8. 1011778 BC ULC / New Red Finance Inc 0.86%
  9. Minerva Merger Sub Inc 0.83%
  10. Trivium Packaging Finance BV 0.81%

Asset Allocation

Weighting Return Low Return High FHIIX % Rank
Bonds 		94.97% 0.00% 145.36% 53.43%
Cash 		5.03% -52.00% 48.02% 33.17%
Convertible Bonds 		0.25% 0.00% 17.89% 88.51%
Stocks 		0.00% 0.00% 97.54% 75.16%
Preferred Stocks 		0.00% 0.00% 4.97% 43.68%
Other 		0.00% -39.08% 99.23% 53.69%

Bond Sector Breakdown

Weighting Return Low Return High FHIIX % Rank
Corporate 		98.24% 0.00% 100.00% 13.82%
Cash & Equivalents 		3.90% 0.00% 48.02% 38.92%
Derivative 		0.00% -14.58% 42.26% 41.87%
Securitized 		0.00% 0.00% 97.24% 47.53%
Municipal 		0.00% 0.00% 1.17% 8.39%
Government 		0.00% 0.00% 99.07% 34.05%

Bond Geographic Breakdown

Weighting Return Low Return High FHIIX % Rank
US 		94.97% 0.00% 126.57% 40.72%
Non US 		0.00% 0.00% 96.91% 44.50%

FHIIX - Expenses

Operational Fees

FHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.02% 38.33% 43.11%
Management Fee 0.50% 0.00% 1.75% 29.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 0.50% 47.03%

Sales Fees

FHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 13.83%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 6.12%

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.

FHIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 1.00% 255.00% 6.64%

FHIIX - Distributions

Dividend Yield Analysis

FHIIX Category Low Category High FHIIX % Rank
Dividend Yield 5.37% 0.00% 11.76% 73.41%

Dividend Distribution Analysis

FHIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

FHIIX Category Low Category High FHIIX % Rank
Net Income Ratio 4.44% -2.39% 9.30% 45.99%

Capital Gain Distribution Analysis

FHIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

FHIIX - 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

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