FIHLX — Federated Institutional High Yield Bond Fund
Data updated: 2026-06-23
FIHLX — Federated Institutional High Yield Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Short Corporate Bond · $4.82B AUM · 0.49% expense ratio · 7.7% 1-yr return. From SEC regulatory filings.
FIHLX Fund Overview
FIHLX — Federated Institutional High Yield Bond Fund is a US mutual fund managed by Federated Hermes Institutional Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Institutional Trust
- Category: Short Corporate Bond
- Assets under management: $4.82B
- 1-year return: 7.7%
- Ticker: FIHLX
- SEC CIK: 0000925723
- SEC series ID: S000010934
- Share class ID: C000170849
FIHLX Holdings
Top 10 holdings of Federated Institutional High Yield Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Federated Hermes Money Market Obligations Trust | 2.26% |
| Ardonagh Group Finance | 1.23% |
| Hub International Ltd. | 1.06% |
| Medline Borrower LP | 0.91% |
| Mcafee Corp. | 0.89% |
| Madison Iaq LLC | 0.85% |
| Usi Inc/ny | 0.84% |
| Tallgrass Nrg Prtnr/fin | 0.79% |
| Ukg, Inc. | 0.78% |
| Panther Escrow Issuer | 0.76% |
FIHLX Portfolio Allocation
Asset-class allocation of Federated Institutional High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.0% |
| Cash & Equivalents | 2.3% |
| Equity | 0.2% |
FIHLX Performance
Total returns for FIHLX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 7.7% |
| 3 years (annualised) | 7.9% |
| 5 years (annualised) | 3.7% |
FIHLX Risk Information
Risk metrics for FIHLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.7%
FIHLX Costs and Fees
FIHLX costs about $49 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.49%
- Gross expense ratio: 0.51%
- Portfolio turnover: 21%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FIHLX Cashflows
Over the 12 months to 2026-04, Federated Institutional High Yield Bond Fund had net outflows of $2.42B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$7.65M |
| 2026-03 | −$69.59M |
| 2026-02 | −$429.95M |
| 2026-01 | −$5.19M |
| 2025-12 | −$330.20M |
| 2025-11 | −$645.08M |
FIHLX Debt Constituents
Largest debt holdings of Federated Institutional High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ardonagh Group Finance | 1.23% |
| Hub International Ltd. | 1.06% |
| Medline Borrower LP | 0.91% |
| Mcafee Corp. | 0.89% |
| Madison Iaq LLC | 0.85% |
| Usi Inc/ny | 0.84% |
| Tallgrass Nrg Prtnr/fin | 0.79% |
| Ukg, Inc. | 0.78% |
| Panther Escrow Issuer | 0.76% |
| Beach Acquisition Bidco | 0.74% |
FIHLX Prospectus and SEC Filings
Official Federated Institutional High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.