Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX)
The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield fixed-income securities (also known as junk bonds), which include debt securities issued by U.S. or foreign businesses (including emerging market debt securities). It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in fixed-income investments rated below investment-grade.
Fund Info
| ISIN | US31423A5561 |
|---|---|
| CUSIP | 31423A556 |
| Issuer | Federated |
| Inception Date | Sep 25, 2019 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
FHHIX has a high expense ratio of 1.57%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Federated Hermes SDG Engagement High Yield Credit Fund had a return of 2.06% year-to-date (YTD) and 10.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.06% | 10.00% |
| 1 month | 1.08% | 2.41% |
| 6 months | 7.51% | 16.70% |
| 1 year | 10.73% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of FHHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.40% | 0.14% | 1.28% | -1.03% | 2.06% | ||||||||
| 2023 | 3.82% | -1.37% | 0.25% | 0.50% | -0.49% | 0.98% | 1.27% | -0.36% | -1.06% | -0.83% | 4.75% | 3.65% | 11.44% |
| 2022 | -2.59% | -3.39% | -0.20% | -3.45% | -0.25% | -6.74% | 5.13% | -1.93% | -4.31% | 2.71% | 4.42% | 0.07% | -10.67% |
| 2021 | 0.34% | 0.24% | -0.44% | 1.10% | 0.11% | 1.02% | 0.53% | 0.35% | -0.43% | -0.75% | -0.78% | 1.30% | 2.59% |
| 2020 | 0.61% | -2.41% | -12.57% | 6.39% | 3.77% | 1.58% | 3.70% | 2.47% | -1.18% | 0.83% | 3.75% | 1.32% | 7.13% |
| 2019 | -0.10% | 1.23% | 0.95% | 1.89% | 4.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FHHIX is 88, placing it in the top 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FHHIX (Federated Hermes SDG Engagement High Yield Credit Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes SDG Engagement High Yield Credit Fund (FHHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes SDG Engagement High Yield Credit Fund granted a 4.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.32 | $0.44 | $0.56 | $0.36 | $0.10 |
Dividend yield | 4.09% | 3.43% | 4.95% | 5.43% | 3.34% | 0.97% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.02 | $0.00 | $0.15 | |||||||
| 2023 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.02 | $0.32 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 | $0.02 | $0.02 | $0.25 | $0.44 |
| 2021 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.31 | $0.56 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.10 | $0.36 |
| 2019 | $0.03 | $0.04 | $0.03 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.36% | Feb 21, 2020 | 22 | Mar 23, 2020 | 108 | Aug 25, 2020 | 130 |
| -17.93% | Sep 17, 2021 | 261 | Sep 29, 2022 | 374 | Mar 27, 2024 | 635 |
| -1.93% | Sep 8, 2020 | 14 | Sep 25, 2020 | 11 | Oct 12, 2020 | 25 |
| -1.68% | Apr 1, 2024 | 12 | Apr 16, 2024 | 15 | May 7, 2024 | 27 |
| -1.62% | Feb 17, 2021 | 22 | Mar 18, 2021 | 52 | Jun 2, 2021 | 74 |
Volatility
Volatility Chart
The current Federated Hermes SDG Engagement High Yield Credit Fund volatility is 1.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.