Federated Hermes Short Duration High Yield ETF
FHYS
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- Federated Hermes Short Duration High Yield ETF (FHYS) is an actively managed exchange-traded fund that seeks high current income by investing primarily in a diversified portfolio of U.S. dollar-denominated high-yield fixed income instruments, including short-duration corporate bonds rated below investment grade and bank loans; the fund maintains an effective duration generally under three years to limit interest rate sensitivity while targeting yields from non-investment grade securities. FHYS trades on the NYSE Arca exchange, with shares bought and sold at market prices, and employs fundamental and quantitative analysis for security selection across sectors like US bonds (approximately 86%), non-US bonds (10%), and minimal cash holdings. The ETF, part of Federated Hermes' suite of active fixed-income products including short-duration corporate and total return bond ETFs, serves institutional and retail investors seeking income with moderated credit and duration risks. Issued by Federated Hermes, Inc., a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, FHYS launched on December 16, 2021, as one of the firm's actively managed ETFs focused on high-yield bond strategies within its broader offerings of equity, fixed-income, alternatives, multi-asset, and liquidity solutions. The parent company operates worldwide, with key offices in the United States, United Kingdom, and other regions, managing over $829 billion in assets as of December 2024 for clients including corporations, institutions, and broker-dealers. Recent developments at Federated Hermes include the September 2025 launch of the Federated Hermes MDT Market Neutral ETF, expanding its active ETF lineup with strategies for capital appreciation and reduced market volatility exposure. In October 2025, the firm agreed to acquire an 80% majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager with $3.8 billion in assets, to bolster private markets capabilities in multifamily properties. Earlier in April 2025, Federated Hermes completed the acquisition of a majority stake in Rivington Energy Management, enhancing its renewable energy project development in the UK. These moves, alongside executive leadership changes in investment and distribution divisions announced in December 2025, reflect ongoing expansion in alternatives, ETFs, and sustainable strategies.