Federated Institutional High Yield Bond Fund’s strengths—a thoughtful process, long-tenured manager and experienced team—earn both of its share classes a Morningstar Analyst Rating of Silver.
Federated Hermes Instl High Yield Bd IS FIHBX
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FIHBX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FIHBX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FIHBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FIHBX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A distinctive philosophy well-executed.
