Federated Hermes Opportunistic High Yield Bond Fund - SS Shares
FHYTX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Aug 23, 1984
- CIK
- 0000745967
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Opportunistic High Yield Bond Fund - SS Shares (FHYTX) seeks high current income through a professionally managed, diversified portfolio primarily invested in noninvestment-grade fixed-income securities, including high-yield bonds (also known as junk bonds) and loan instruments of domestic and foreign corporations; the fund may also allocate to Federated Hermes Portfolios for enhanced diversification, cash equivalents, U.S. and non-U.S. stocks, and other assets, with typical holdings encompassing bank loans, government obligations, and corporate debt such as Clarios Global LP 8.5%, 1011778 B.C. Unlimited Liability Company / New Red Finance Inc. 4%, and Ardonagh Group Finance Ltd. 8.875%; its asset allocation features approximately 80.60% in U.S. bonds, 11.70% in non-U.S. bonds, 4.95% in U.S. stocks, and smaller exposures to cash and other categories. Launched on August 23, 1984, and managed by Federated Hermes, Inc., headquartered in Pittsburgh, Pennsylvania, the fund operates within the high yield bond category, targeting institutional investors with a minimum initial investment of $1,000,000 and a net expense ratio of 0.98%; it is domiciled in the United States and available for sale domestically, with portfolio turnover reflecting active management of below-investment-grade securities characterized by heightened credit, default, liquidity, and interest rate risks. Recent portfolio adjustments include new positions in issuers such as Panther BF Aggregator 2 LP / Panther Finance Co Inc., Restaurant Brands International Inc., BroadStreet Partners Inc., MOZART DEBT MERGER SUB INC., and Minerva Merger Sub Inc., alongside increases and decreases in allocations driven by market conditions and trading activity; while the fund itself reports no major strategic shifts, its parent organization Federated Hermes pursued significant expansions in 2025, including the April acquisition of U.K.-based infrastructure developer Rivington Energy Management Limited and the October agreement to acquire an 80% stake in FCP Fund Manager L.P., a U.S. real estate investment manager focused on multifamily assets, for up to $331 million (expected to close in the first half of 2026), alongside announcements of senior portfolio manager retirements and leadership transitions effective April 2026.