FHYS
Federated Hermes Short Duration High Yield ETF
📎 Investment Objective
The Federated Hermes Short Duration High Yield ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of high-yield, short-duration fixed income securities.
Overview
ETF tracking Federated Hermes Short Duration High Yield ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Federated Hermes Short Duration High Yield ETF seeks to provide a high level of current income by investing primarily in a diversified portfolio of high-yield, short-duration fixed income securities.
🎯 Investment Strategy
The fund invests in a portfolio of high-yield corporate bonds and other fixed income securities with an average duration of less than 3 years. The portfolio is actively managed, with the goal of generating attractive income while limiting interest rate risk.
✨ Key Features
- Focuses on high-yield, short-duration fixed income securities
- Actively managed portfolio with an average duration of less than 3 years
- Seeks to provide a high level of current income
⚠️ Primary Risks
- High-yield bonds carry a greater risk of default and price volatility than investment-grade securities
- Shorter-duration bonds are less sensitive to interest rate changes, but still subject to some interest rate risk
- Active management style may not always outperform the broader high-yield bond market
👤 Best For
This ETF may be suitable for investors seeking higher levels of current income and who have a higher risk tolerance. It is generally best suited for investors with a short-to-medium term investment horizon who want to limit interest rate risk compared to longer-duration high-yield bond funds.
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