Federated Institutional High Yield Bond Fund (R6) FIHLX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield
As of 10-31-2018


  • Pursues a high level of current income.
  • Invests in below-investment-grade securities, providing exposure to the higher-yielding, lower-rated, corporate bond market.
  • Offers the potential for attractive relative total returns in economic recoveries through ratings upgrades or improved performance of issuing companies.
  • Serves as a core institutional high-yield bond holding.
  • Provides portfolio diversification; historically, high-yield bond performance has not been correlated to other types of bonds.

Key Investment Team


Symbol   FIHLX
Fund Number(s)   221
Newspaper Listing   FedInstHYBondL
CUSIP   31420B847
Benchmark   Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Performance Inception Date   11-01-2002
Fiscal Year-End   10-31

Morningstar Ratings™

disclosures »
    Funds in Category
Overall 603
3 Year 603
5 Year 505
10 Year 332
Based on risk adjusted total return. The overall rating is derived from a weighted average of the fund’s three-, five-, and ten-year average annual returns, as applicable.

Morningstar Category & Style

disclosures »
Category High Yield Bond