Federated Hermes Opportunistic High Yield Bond Fund (FHYTX)
The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of noninvestment-grade, fixed income securities of domestic and foreign corporations (also known as "junk bonds") including loan instruments. The fund's investment adviser ("Adviser") selects securities that the advisor believes have attractive risk-return characteristics. The Adviser's securities selection process includes an analysis of the issuer's financial condition, business and product strength, competitive position and management expertise.
Fund Info
US3141971040
314197104
Aug 23, 1984
$1,000,000
Expense Ratio
FHYTX has a high expense ratio of 0.98%, 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 Opportunistic High Yield 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 Opportunistic High Yield Bond Fund had a return of 0.79% year-to-date (YTD) and 7.93% in the last 12 months. Over the past 10 years, Federated Hermes Opportunistic High Yield Bond Fund had an annualized return of 5.47%, while the S&P 500 had an annualized return of 11.31%, indicating that Federated Hermes Opportunistic High Yield Bond Fund did not perform as well as the benchmark.
FHYTX
0.79%
0.00%
2.81%
7.93%
4.01%
5.47%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of FHYTX, 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 | 0.94% | 0.79% | |||||||||||
| 2024 | 0.36% | -0.02% | 1.12% | -1.08% | 1.26% | 0.16% | 2.33% | 0.95% | 2.11% | -0.96% | 0.94% | -0.54% | 6.79% |
| 2023 | 4.85% | -1.39% | 0.81% | 0.50% | -1.01% | 2.20% | 1.65% | 0.33% | -1.97% | -1.04% | 4.71% | 3.29% | 13.39% |
| 2022 | -2.54% | -0.76% | -0.97% | -4.02% | 0.55% | -7.03% | 5.21% | -2.46% | -4.67% | 3.43% | 1.73% | -1.84% | -13.17% |
| 2021 | 0.29% | 1.91% | 0.84% | 1.19% | 0.57% | 1.78% | -0.56% | 1.11% | -0.19% | -0.56% | -1.09% | 2.23% | 7.72% |
| 2020 | -0.65% | -2.46% | -12.37% | 5.07% | 5.20% | 0.45% | 4.42% | 1.46% | -1.16% | 0.51% | 4.87% | 2.55% | 6.74% |
| 2019 | 5.80% | 1.56% | 0.57% | 1.80% | -2.14% | 2.71% | 0.39% | -0.34% | 0.71% | 0.59% | 0.17% | 2.59% | 15.15% |
| 2018 | 0.65% | -1.42% | -0.65% | 0.40% | -0.04% | 0.42% | 1.05% | 0.72% | 0.33% | -2.30% | -0.36% | -4.32% | -5.51% |
| 2017 | 1.55% | 1.74% | -0.35% | 0.84% | 0.84% | 0.28% | 1.15% | -0.16% | 1.02% | -0.01% | -0.17% | 0.52% | 7.47% |
| 2016 | -2.51% | 1.09% | 4.27% | 3.14% | 0.73% | 0.28% | 2.91% | 2.08% | 0.56% | -0.64% | 0.11% | 12.82% | 26.92% |
| 2015 | 0.72% | 2.34% | -0.19% | 0.99% | 0.39% | -1.35% | -0.04% | -1.68% | -3.09% | 3.27% | -2.04% | -2.69% | -3.53% |
| 2014 | 0.25% | 2.19% | 0.54% | 0.69% | 0.95% | 1.11% | -1.89% | 2.17% | -2.60% | 2.21% | -0.46% | -1.03% | 4.07% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, FHYTX is among the top 10% 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 Opportunistic High Yield Bond Fund (FHYTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Opportunistic High Yield Bond Fund provided a 4.55% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.31 | $0.34 | $0.32 | $0.30 | $0.32 | $0.33 | $0.36 | $0.32 | $0.98 | $0.33 | $0.33 |
Dividend yield | 4.55% | 4.92% | 5.43% | 5.37% | 4.26% | 4.69% | 4.84% | 5.78% | 4.69% | 14.57% | 5.31% | 4.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Opportunistic High Yield 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 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.30 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.32 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.36 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.68 | $0.98 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
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 Opportunistic High Yield 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 Opportunistic High Yield Bond Fund was 34.97%, occurring on Dec 15, 2008. Recovery took 187 trading sessions.
The current Federated Hermes Opportunistic High Yield Bond Fund drawdown is 0.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.97% | Oct 16, 2007 | 294 | Dec 15, 2008 | 187 | Sep 14, 2009 | 481 |
| -24.18% | Jan 21, 2020 | 44 | Mar 23, 2020 | 141 | Oct 12, 2020 | 185 |
| -20.02% | Sep 1, 1989 | 312 | Nov 12, 1990 | 102 | Apr 3, 1991 | 414 |
| -18.57% | May 5, 1999 | 865 | Oct 9, 2002 | 172 | Jun 17, 2003 | 1037 |
| -16.7% | Nov 9, 2021 | 226 | Sep 29, 2022 | 413 | May 15, 2024 | 639 |
Volatility
Volatility Chart
The current Federated Hermes Opportunistic High Yield Bond Fund volatility is 0.82%, 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.