Federated Institutional High Yield Bond Fund (IS) FIHBX

Share Classes Product Type Asset Class Category
Mutual Fund Fixed Income High Yield Bond
As of 10-31-2015


  • 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   FIHBX
Fund Number(s)   900
Newspaper Listing   FedInstHYBond
CUSIP   31420B300
Benchmark   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 626
3 Year 626
5 Year 532
10 Year 364
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

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Category High Yield Bond