Federated Hermes High Income Bond Fund (FHIIX)
The fund pursues its investment objective by investing primarily in a diversified portfolio of high-yield, lower-rated corporate bonds (also known as "junk bonds"). It primarily invests in domestic high-yield, lower-rated bonds, but may invest a portion of its portfolio in securities of issuers based outside of the United States (so-called "foreign securities") in both emerging and developed markets. The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in lower-rated fixed-income investments.
Fund Info
US3141951083
314195108
Nov 30, 1977
$1,500
Expense Ratio
FHIIX features an expense ratio of 0.90%, falling within the medium range.
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 High Income Bond 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 High Income Bond Fund had a return of 1.17% year-to-date (YTD) and 7.82% in the last 12 months. Over the past 10 years, Federated Hermes High Income Bond Fund had an annualized return of 4.22%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes High Income Bond Fund did not perform as well as the benchmark.
FHIIX
1.17%
0.44%
2.52%
7.82%
3.28%
4.22%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FHIIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.32% | 1.17% | |||||||||||
| 2024 | 0.12% | -0.49% | 1.32% | -1.05% | 1.04% | 1.21% | 1.65% | 1.50% | 1.20% | -0.87% | 0.90% | -0.47% | 6.17% |
| 2023 | 3.91% | -1.39% | 1.05% | 1.10% | -1.51% | 1.60% | 1.43% | 0.16% | -1.54% | -1.26% | 4.98% | 3.52% | 12.44% |
| 2022 | -2.55% | -0.87% | -0.74% | -3.77% | 0.14% | -6.57% | 5.51% | -2.70% | -4.18% | 3.11% | 1.76% | -0.93% | -11.72% |
| 2021 | 0.20% | 0.47% | 0.34% | 0.91% | 0.25% | 1.32% | 0.25% | 0.38% | -0.01% | -0.55% | -0.80% | 1.85% | 4.68% |
| 2020 | -0.28% | -1.74% | -10.41% | 3.89% | 5.08% | 0.17% | 4.57% | 0.82% | -0.94% | 0.41% | 3.29% | 1.85% | 5.89% |
| 2019 | 4.76% | 1.67% | 0.82% | 1.40% | -1.31% | 2.23% | 0.46% | 0.31% | 0.44% | 0.33% | 0.04% | 2.47% | 14.38% |
| 2018 | 0.39% | -0.92% | -0.81% | 0.58% | -0.09% | 0.32% | 1.00% | 0.72% | 0.46% | -1.58% | -0.64% | -2.48% | -3.06% |
| 2017 | 1.20% | 1.56% | -0.36% | 1.10% | 0.96% | 0.29% | 1.10% | -0.21% | 0.82% | 0.05% | -0.34% | 0.18% | 6.53% |
| 2016 | -1.15% | 0.91% | 3.65% | 3.03% | 0.45% | 0.72% | 2.36% | 1.91% | 0.55% | -0.12% | -0.52% | 1.77% | 14.30% |
| 2015 | 0.84% | 2.02% | -0.38% | 0.97% | 0.33% | -1.38% | 0.17% | -1.41% | -2.26% | 2.71% | -2.41% | -2.35% | -3.27% |
| 2014 | 0.61% | 1.75% | 0.34% | 0.33% | 0.71% | 0.61% | -1.58% | 1.75% | -2.07% | 1.50% | -0.41% | -1.34% | 2.12% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, FHIIX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes High Income Bond Fund (FHIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes High Income Bond Fund provided a 4.96% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.36 | $0.37 | $0.36 | $0.35 | $0.38 | $0.40 | $0.40 | $0.40 | $0.38 | $0.41 | $0.45 |
Dividend yield | 4.96% | 5.38% | 5.51% | 5.73% | 4.59% | 4.96% | 5.31% | 5.75% | 5.29% | 5.12% | 5.95% | 5.94% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes High Income Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.35 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes High Income Bond 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 High Income Bond Fund was 32.61%, occurring on Dec 12, 2008. Recovery took 186 trading sessions.
The current Federated Hermes High Income Bond Fund drawdown is 0.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.61% | Oct 16, 2007 | 293 | Dec 12, 2008 | 186 | Sep 10, 2009 | 479 |
| -21.48% | Aug 25, 1989 | 315 | Nov 8, 1990 | 95 | Mar 21, 1991 | 410 |
| -21.19% | Feb 18, 2020 | 25 | Mar 23, 2020 | 94 | Aug 5, 2020 | 119 |
| -17.11% | May 5, 1999 | 866 | Oct 10, 2002 | 163 | Jun 5, 2003 | 1029 |
| -15.38% | Sep 20, 2021 | 260 | Sep 29, 2022 | 371 | Mar 22, 2024 | 631 |
Volatility
Volatility Chart
The current Federated Hermes High Income Bond Fund volatility is 0.76%, 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.