NYSE Arca · ETF
Invest in FHYS ETF from India
Indian and foreign residents can buy Federated Hermes Short Duration High Yield ETF (FHYS) units directly through Paasa.
By Paasa · Updated
FHYS at a glance
- Price
- $22.59-$0.02 (0.09%)
- Expense ratio
- 0.61%
- Day range
- $22.55 – $22.59
- Assets
- $60.3M
- Domicile
- the US
- Holdings
- 277
- Launched
- 2021
- Dividends
- Distributing
- 1 month
- -2.25%
- 6 months
- -0.96%
- YTD
- -3.67%
- 1 year
- -3.30%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1NET OTHER ASSETS1.5%
- 2FEDERATED GOVT OBLG PR SHARES1.4%
- 3VENTURE GLOBAL PLAQUE SR SECURED 144A 12/30 6.1251.1%
- 4CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/32 4.751.0%
- 5HUB INTERNATIONAL LTD SR SECURED 144A 06/30 7.251.0%
- 6BROADSTREET PARTNERS GRP SR UNSECURED 144A 04/29 5.8751.0%
- 7ARDONAGH FINCO LTD SR SECURED 144A 02/31 7.750.9%
- 8MADISON IAQ LLC SR UNSECURED 144A 06/29 5.8750.8%
- 9OLYMPUS WTR US HLDG CORP SR SECURED 144A 06/31 7.250.8%
- 10TRANSDIGM INC SR SECURED 144A 12/30 6.8750.8%
FHYS holds 277 securities in total. These 10 are 10.3% of the fund.
Where the money is invested
Sectors
- Communication Services91.7%
- Industrials8.3%
Countries
- United States77.8%
- Other12.8%
- Canada3.0%
- United Kingdom1.7%
- Netherlands1.4%
- Luxembourg0.8%
How to invest in FHYS from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search FHYS and buy
Find the fund by its ticker, FHYS, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in FHYS from India
What FHYS holds
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.
Hold a dollar asset
FHYS is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one FHYS unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy FHYS from India?
Yes. Indian residents can buy Federated Hermes Short Duration High Yield ETF (FHYS) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does FHYS invest in?
Federated Hermes Short Duration High Yield ETF holds 277 securities. Its largest holdings are NET OTHER ASSETS (1.5%), FEDERATED GOVT OBLG PR SHARES (1.4%) and VENTURE GLOBAL PLAQUE SR SECURED 144A 12/30 6.125 (1.1%). Communication Services is its largest sector at 91.7%. It is a distributing fund domiciled in the US.
What is the expense ratio of FHYS?
Federated Hermes Short Duration High Yield ETF has an expense ratio of 0.61% a year, taken from the fund's assets rather than billed to you. The fund manages about $60.3M.
How are FHYS dividends taxed in India?
Federated Hermes Short Duration High Yield ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell FHYS?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one FHYS unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $22.59, and there is no minimum trade size.
What happens to my FHYS units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.