FHYSX

About FHYSX

Federated Hermes High Yield Strategy Portfolio is an actively managed mutual fund specializing in the high-yield, or "junk," bond market. The fund is structured to pursue high current income by investing primarily in a core high-yield bond mutual fund as well as a broad portfolio of fixed-income securities. Its primary holdings consist of a diversified range of lower-rated U.S. corporate bonds, with a small portion allocated to bonds issued outside the United States, providing both domestic and limited international exposure. The fund is classified as non-diversified, allowing for concentrated investment positions. Managed by a team with significant sector experience, the strategy emphasizes generating higher yields relative to investment-grade bond funds, accepting greater credit risk in exchange. Its role in the financial markets is to offer investors access to elevated income opportunities typically associated with the high-yield segment, serving as an instrument for income-oriented investors seeking greater returns than traditional fixed-income products—albeit with correspondingly higher risk.