Federated Hermes Short Duration High Yield ETF

About the company

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.

IPO

2021

HQ

Pittsburgh, PA, US

Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.