Federated Hermes Opportunistic High Yield Bond Fund - SS Shares (FHYTX) Research
The primary objective of this fund is to deliver a high level of current income. To achieve this, it strategically invests in a broad, diversified portfolio consisting mainly of higher-yielding, sub-investment-grade fixed-income instruments, often referred to as "junk bonds," from both domestic and foreign companies, including various loan-based securities. The fund's investment adviser carefully handpicks assets based on their assessment of favorable risk-adjusted return potential. This selection methodology entails an in-depth evaluation of the issuing entity's financial stability, the robustness of its business and product offerings, its competitive market position, and the proficiency of its management team.
Market snapshot
- Symbol
- FHYTX
- Price
- $6.48
- Day change
- 0.00%
- Market cap
- $822.0M
- 52-week range
- 6.33-6.55
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
Peer companies
- Brandes Emerging Markets Value Fund Class I (BEMIX)
- Columbia Small Cap Value Fund II Class A (COVAX)
- ClearBridge Energy Midstream Opportunity Fund Inc (EMO)
- Manning & Napier Unconstrained Bond Series Cl S (EXCPX)
- Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC)
- Putnam International Equity Fd Class A (POVSX)
- RBC BlueBay High Yield Bond Fund Class I (RGHYX)
- T. Rowe Price International Bond (RPIBX)
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