FHYCX Performance — Federated Hermes Opportunistic High Yield Bond Fund, Class C
Data updated: 2026-07-27
FHYCX returned +1.14% year to date and +6.26% over one year to May 2026. Annualised returns are +7.78% over 3 years and +2.67% over 5 years. The fund trailed its High Yield Bond category average: $100 invested three years ago grew to $125, against $126 for the category, and to $106 over one year, against $107. Volatility over the past three years was 4.80% a year. In the 12 months to May 2026 the fund lost a net $25.4M, and assets reached $410.50M.
FHYCX Growth of $100
What $100 invested in Federated Hermes Opportunistic High Yield Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | FHYCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $125 | $126 |
| 5 years (Jun 2021 – May 2026) | $114 | $120 |
| Since data start (Sep 2019 – May 2026) | $132 | $132 |
FHYCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.14% |
| 1 year | +6.26% |
| 3 years (annualised) | +7.78% |
| 5 years (annualised) | +2.67% |
FHYCX Annual Returns
Calendar-year total returns of Federated Hermes Opportunistic High Yield Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.14% |
| 2025 | +7.28% |
| 2024 | +5.54% |
| 2023 | +12.05% |
| 2022 | −12.80% |
| 2021 | +6.96% |
| 2020 | +5.67% |
| 2019 (Sep–Dec) | +4.08% |
FHYCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.1% | +0.2% | −1.5% | +1.8% | +0.7% | — | — | — | — | — | — | — |
| 2025 | +1.3% | +0.2% | −1.4% | +0.4% | +1.6% | +1.9% | +0.4% | +1.1% | +0.2% | +0.1% | +0.5% | +0.7% |
| 2024 | −0.2% | −0.1% | +1.5% | −1.4% | +1.0% | +0.7% | +1.8% | +1.3% | +1.5% | −0.9% | +1.2% | −0.9% |
| 2023 | +4.1% | −1.6% | +0.9% | +0.9% | −1.7% | +2.1% | +1.7% | +0.1% | −1.5% | −1.6% | +4.6% | +3.7% |
| 2022 | −2.5% | −0.8% | −1.0% | −3.8% | +0.1% | −6.9% | +5.4% | −2.6% | −4.7% | +3.4% | +1.7% | −1.1% |
| 2021 | +0.7% | +1.3% | +0.8% | +1.1% | +0.8% | +1.4% | −0.3% | +0.7% | −0.3% | −0.3% | −1.5% | +2.2% |
| 2020 | −0.7% | −2.5% | −12.4% | +4.8% | +5.1% | +0.4% | +4.5% | +1.2% | −1.1% | +0.4% | +4.8% | +2.3% |
| 2019 | — | — | — | — | — | — | — | — | +0.8% | +0.4% | +0.2% | +2.6% |
FHYCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.80%
- 3-year Sharpe ratio: 0.68 (vs 4.5% risk-free rate)
- Best month: +4.63% (Nov 2023)
- Worst month: −1.61% (Oct 2023)
FHYCX Fund Flows
Monthly money in and out of Federated Hermes Opportunistic High Yield Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$25.4M
- 12-month gross sales (incl. reinvestments): $78.0M
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $5.8M | $5.4M | $378K |
| Apr 2026 | $5.1M | $8.9M | −$3.8M |
| Mar 2026 | $7.3M | $8.9M | −$1.6M |
| Feb 2026 | $4.9M | $6.8M | −$1.9M |
| Jan 2026 | $7.5M | $8.8M | −$1.3M |
| Dec 2025 | $7.2M | $8.8M | −$1.6M |
| Nov 2025 | $6.3M | $7.7M | −$1.4M |
| Oct 2025 | $8.0M | $9.9M | −$1.9M |
| Sep 2025 | $8.8M | $16.2M | −$7.4M |
| Aug 2025 | $5.7M | $6.7M | −$954K |
| Jul 2025 | $5.0M | $6.8M | −$1.8M |
| Jun 2025 | $6.3M | $8.4M | −$2.1M |
FHYCX Assets Under Management
Net assets of Federated Hermes Opportunistic High Yield Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $410.50M |
| 2026-02-28 | $416.54M |
| 2025-11-30 | $421.58M |
| 2025-08-31 | $433.84M |
| 2025-05-31 | $428.74M |
| 2025-02-28 | $448.03M |
| 2024-11-30 | $458.31M |
| 2024-08-31 | $469.99M |
| 2024-05-31 | $489.58M |
| 2024-02-29 | $493.55M |
| 2023-11-30 | $482.63M |
| 2023-08-31 | $491.69M |
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.