Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX)

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The chart shows the growth of an initial investment of $10,000 in Federated Hermes SDG Engagement High Yield Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) has returned -1.73% so far this year and 5.55% over the past 12 months.

Based on dividend-adjusted daily data since Sep 26, 2019, FHHIX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, your investment would double in approximately 16.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.4%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FHHIX closed higher 45% of trading days. The best single day was Mar 25, 2020 with a return of +3.3%, while the worst single day was Mar 16, 2020 at -4.9%.

Federated Hermes SDG Engagement High Yield Credit Fund has an annualized alpha of 2.03%, beta of 0.16, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since September 27, 2019.

• This fund participated in 45.36% of S&P 500 Index downside but only 32.21% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.16 may look defensive, but with R² of 0.30 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.30 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FHHIX has a high expense ratio of 1.57%, indicating above-average management fees.

FHHIX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) and compare them to a chosen benchmark (S&P 500 Index).

Federated Hermes SDG Engagement High Yield Credit Fund provided a 5.44% dividend yield over the last twelve months, with an annual payout of $0.53 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Federated Hermes SDG Engagement High Yield Credit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Federated Hermes SDG Engagement High Yield Credit Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Federated Hermes SDG Engagement High Yield Credit Fund was 23.36%, occurring on Mar 23, 2020. Recovery took 108 trading sessions.

The current Federated Hermes SDG Engagement High Yield Credit Fund drawdown is 2.71%.

The chart below shows the rolling one-month volatility.