Morningstar® Investment Profile™   Morningstar®
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for Print
Federated Hermes High Income Bond II P
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Ratings
Morningstar
Return
Morningstar
Risk
Morningstar
Rating
Number of
Funds
3-Year Below Avg Above Avg 588
5-Year Average Average 553
10-Year Average Average 422
Overall Average Average 588
Morningstar Category: High Yield Bond | Number of Funds in Category: 588
Data through 2024-10-31
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
  Volatility Measurements
Standard Deviation 8.63
Mean 2.05
Sharpe Ratio -0.18
Trailing 3-Yr as of 2024-10-31
  Modern Portfolio Theory Statistics
Best Fit Index
ICE BofA US High Yield TR USD
R-Squared 99
Beta 1.00
Alpha -0.88
Trailing 3-Yr as of 2024-10-31
  Principal Risks   
Credit and Counterparty, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Issuer, Interest Rate, Market/Market Volatility, High-Yield Securities, Restricted/Illiquid Securities, Derivatives, Leverage, Management
Show Risk Definitions
  Investment Risks
High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risk because of the lower credit quality of the securities in the portfolio. There are risks associated with the possibility of a higher level of volatility and increased risk of default.
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Returns will vary and shares may be worth more or less than their original cost when sold.