FHYSFederated Hermes Short Duration High Yield ETF

Get income4y track recordRanked #946 of 1,622 in this goal

Seeks high current income by investing in below investment-grade fixed-income instruments.

By Federated · Launched 2021

Annual Cost

0.50%

#2,576 of 5,562 · average

Fund Size

$51M

#3,556 of 5,562 · mid-size

Dividend YieldGoal

5.78%

Track Record

4 years

#2,571 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,617+6.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Multi strategy

What it actually holds

By weight

Concentration

Top 10 holdings = 12.6% of fund✓ well diversified

Federated Hermes Government Obligations Fund

4.0%

CCO HLDGS LLC/CAP CORP

1.4%

COEUR MINING INC

1.1%

HUB INTERNATIONAL LTD

1.0%

TRANSDIGM INC

1.0%

OLYMPUS WTR US HLDG CORP

0.9%

BROADSTREET PARTNERS GRP

0.9%

USA COM PART/USA COM FIN

0.8%

AMWINS GROUP INC

0.8%

SUNRISE FINCO I BV

0.8%

Asset allocation

Bonds

96.1%

Cash

3.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-11.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.16Strong risk-adjusted returns

Sortino (3Y)

1.72Good downside protection

Bond profile

Duration

6.2 years

Avg maturity

10.0 years

Credit ratings

AAA

3.1%

BBB

9.3%

57.1%

25.7%

Below B

4.6%

Other

0.2%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks high current income by investing in below investment-grade fixed-income instruments.
Strategy: Invests primarily in a diversified portfolio of U.S. dollar-denominated high-yield fixed-income instruments, including corporate bonds and floating rate loans. The fund may also invest in collateralized loan obligations and other loan-related instruments, focusing on those with attractive risk-return characteristics.
Inception date: December 16, 2021
Fund family: Federated