Federated Hermes Short Duration High Yield ETFFederated Hermes Short Duration High Yield ETFFederated Hermes Short Duration High Yield ETF

Federated Hermes Short Duration High Yield ETF

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Key stats


Assets under management (AUM)
‪34.01 M‬USD
Fund flows (1Y)
‪6.47 M‬USD
Dividend yield (indicated)
6.36%
Discount/Premium to NAV
0.4%

About Federated Hermes Short Duration High Yield ETF


Issuer
Federated Hermes, Inc.
Brand
Federated Hermes
Expense ratio
0.51%
Inception date
Dec 16, 2021
Index tracked
No Underlying Index
Management style
Active
The fund actively and primarily invests in a portfolio of high-yield, US dollar-denominated corporate bonds and floating rate term loans, issued by US or foreign companies. The adviser selects debt securities it believes possesses attractive risk return characteristics by conducting an analysis of the issuers financial condition, business and product strength, competitive position and management expertise. Although the fund does not follow a specific maturity range, it has an expected dollar-weighted average duration of less than three years, of which is at the discretion of the manager. In seeking high current income, the fund may also hold bank loans, covenant-lite loans, syndicated loans, CLOs, and derivatives such as futures contracts, option contracts and swap contracts. The fund is designed for investors who are seeking to invest in a diversified portfolio delivering efficient exposure to the potential of high-yield corporate debt securities in USD.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Short-term
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Loans
Bonds, Cash & Other100.00%
Corporate80.63%
Loans14.15%
Mutual fund3.09%
Miscellaneous1.93%
Securitized0.20%
Cash0.00%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.