FHHIX Fees and Costs — Federated Hermes SDG Engagement High Yield Credit Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 0.62% (1.09% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 29%.
FHHIX Fees and Expenses
Annual operating expenses and sales charges of FHHIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FHHIX Costs Over Time
On $10,000 invested in FHHIX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
FHHIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $144.3M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
FHHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $24.2M | 19.65% |
| Morgan Stanley & Co. LLC | $23.1M | 18.71% |
| RBC Capital Markets, LLC | $16.6M | 13.44% |
| Citigroup Global Markets Inc. | $15.1M | 12.23% |
| Nomura Securities International, Inc. | $10.9M | 8.87% |
| BofA Securities, Inc. | $8.1M | 6.59% |
| Barclays Capital Inc. | $7.5M | 6.05% |
| Institut National De La Statistique Et Des Etudes Economiques | $6.7M | 5.46% |
| HSBC Securities (USA) Inc. | $5.8M | 4.72% |
| J.P. Morgan Securities LLC | $5.3M | 4.28% |
Federated Hermes SDG Engagement High Yield Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FHHRX | Class R6 | 0.57% | none |
| FHHIX | Institutional Shares | 0.62% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.