FHYAX Fees and Costs — Federated Hermes Opportunistic High Yield Bond Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.98%: a 0.60% management fee plus 0.54% other expenses, less a 0.16% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2026 the fund paid $14K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 28%.
FHYAX Fees and Expenses
Annual operating expenses and sales charges of FHYAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.54% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
FHYAX Costs Over Time
On $10,000 invested in FHYAX, assuming 5% a year before costs, total costs come to $1,162 over 5 years, cutting the return by 1.99% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.98%) | $98 | $307 | $532 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $22 | $86 | $178 |
| Total costs | $571 | $844 | $1,162 |
| Value after costs | $9,929 | $10,732 | $11,601 |
| Impact on return, per year | 5.71% | 2.62% | 1.99% |
FHYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0032%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $403.1M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
FHYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $13K | 91.77% |
| BofA Securities, Inc. | $1K | 8.23% |
FHYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $223.4M | 59.99% |
| Goldman Sachs & Co. LLC | $31.0M | 8.32% |
| J.P. Morgan Securities LLC | $29.8M | 8.01% |
| Morgan Stanley & Co. LLC | $24.0M | 6.45% |
| Jane Street Execution Services, LLC | $17.0M | 4.57% |
| BofA Securities, Inc. | $16.4M | 4.41% |
| Jefferies LLC | $9.2M | 2.48% |
| Citigroup Global Markets Inc. | $7.5M | 2.01% |
| Wells Fargo Securities, LLC | $7.5M | 2.01% |
| Barclays Capital Inc. | $6.5M | 1.74% |
Federated Hermes Opportunistic High Yield Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FHYLX | Class R6 | 0.72% | none |
| FHTIX | Institutional Shares | 0.73% | none |
| FHYAX | Class A | 0.98% | 4.50% |
| FHYTX | Service Shares | 0.98% | none |
| FHYCX | Class C | 1.84% | 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.