See the uncertified complete schedule of each Federated Hermes non-money market fund’s portfolio holdings as of March 15, 2023: Funds A-M and Funds M-Z
Current performance may be lower or higher than what is stated.
Performance quoted represents past performance, which is no guarantee of future results. For fluctuating funds, investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. For money market funds, investment return will vary and an investor's shares, when redeemed, may be worth more or less than the original cost.
Federated Securities Corp., is the Distributor of the Federated Hermes mutual funds and exchange-traded funds.
Click on fund name for specific fund risks and fund expenses.
Total return represents the change in value of an investment after reinvesting all income and capital gains.
Total return may have been lower in the absence of temporary expense waivers or reimbursements.
Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.
Mutual Funds
For Class A Shares of the Federated Hermes funds, load figures reflect the maximum sales charge of 4.5% for fixed income funds and 5.5% for equity funds (except that returns for Short-Term Income Fund, Short-Intermediate Total Return Bond Fund, Short-Intermediate Municipal Fund and Floating Rate Strategic Income Fund reflect the maximum 1% sales charge, returns for Government Ultrashort Fund, Municipal Ultrashort Fund, and Ultrashort Bond Fund reflect the maximum 0% sales charge, and returns for Michigan Intermediate Municipal Fund reflect the maximum 3% sales charge). For other share classes, load figures reflect the maximum sales charge of 1% for Class F Shares and the maximum contingent deferred sales charge of 5.5% for Class B Shares, 1% for Class C Shares, and 1% for Class F Shares.
Liquidity/Money Market Fund Disclosures
Institutional You could lose money by investing in the funds. Because the share price of the fund will fluctuate, when you sell your shares, they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Yield quotations more closely reflect the current earnings of the fund than the total return quotation.
Government/Treasury You could lose money by investing in the funds. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Retail You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
Separately Managed Accounts and Institutional Separate accounts
Separately Managed Accounts and Institutional Separate Accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling and Federated MDTA LLC, each a registered investment adviser.
Closed-End Funds
Click on the fund names for specific risks.
Performance quoted represents past performance, which is no guarantee of future results. Investment return, price, yields and net asset value will vary. Current performance may be lower or higher than what is stated. For Federated Hermes Premier Municipal Income Fund, total return at Market Price (MP) since inception includes a 4.5% commission paid at the fund’s initial public offering. For Federated Hermes Project and Trade Finance Tender Fund, an investor’s shares, when repurchased, may be worth more or less than the original cost. Fund performance changes over time and current performance may be lower or higher than what is stated.
The funds are subject to fees and expenses, including management fees and other expenses, such as legal and accounting fees. Total returns reflect these fees.
Federated Hermes Premier Municipal Income Fund: the fund is a closed-end fund. Unlike open-end funds, closed-end funds are not continually offered. There is a one-time public offering and once issued, shares of closed-end funds are bought and sold in the open market. Consequently, shares of closed-end funds may trade at, above or below their net asset values (“NAV”).
Federated Hermes Project and Trade Finance Tender Fund: the fund is a continuously-offered, non-diversified, closed-end management investment company. The fund will not list shares on any securities exchange, and it is not expected that any secondary market will develop for the shares. Shareholders will not be able to tender for repurchase their shares on a daily basis. At the discretion of the fund’s board of trustees, and provided that it is in the best interests of the fund and shareholders to do so, the fund intends to provide a limited degree of liquidity to shareholders by conducting repurchase offers, generally quarterly.
Federated Investment Management Company is the advisor to the funds.
Collective Investment Funds
Federated Hermes Capital Preservation Fund (Fund) is a collective investment fund that may only accept assets of certain defined contribution plans which are specified in the Fund’s Declaration of Trust. These include most (i) pension, profit-sharing or stock bonus plan trusts qualified under Section 401(a) of the Internal Revenue Code and exempt from taxation under Code Section 501(a); and (ii) state, local or other governmental plans described in Code Section 414(d) or Code Section 457. The Fund does not accept investments from defined benefit plans, individual retirement accounts (IRAs) or Keogh Plans (except for Koegh Plans qualified under SEC Rule 180) directly or through commingled funds or separate accounts. Units of participation in the Fund are not registered with the SEC or any state securities regulatory authority and are offered in reliance upon an exemption from registration. There are restrictions on withdrawals from the Fund. Total plan withdrawal requests require 12 months’ advance written notice, and other limits on transfers and redemptions may apply, as detailed in the Fund’s Offering Circular.
Federated Hermes Prime Cash Collective Investment Fund (Fund) may only accept assets of eligible employee benefit trusts, which include (i) certain employee benefit trusts exempt from federal income taxation under Section 501(a) of the Internal Revenue Code (the “Code”); (ii) certain governmental plans or units described in Code Section 414(d), Code Section 457(b), and Code Section 818(a)(6); (iii) certain church plans described in Code Section 414(e) that are either exempt from federal income taxation under Code Section 501 or described in Code Section 403(b)(9); (iv) certain commingled trust funds exempt from federal income taxation under Code Section 501(a) which consist solely of the assets of eligible employee benefit trusts; and (v) certain assets of insurance companies that are segregated in a separate account, provided that the assets in the separate account consist solely of assets of eligible employee benefit trusts. The Fund does not accept investments from individual retirement accounts (IRAs) or Keogh or H.R. 10 plans (directly or through commingled funds or separate accounts). The Fund and its units of participation are not registered with the SEC or any state securities regulatory authority and are offered in reliance upon an exemption from registration.
Total Return Bond Collective Investment Fund (Fund) may only accept assets of eligible employee benefit trusts, which include (i) certain employee benefit trusts exempt from federal income taxation under Section 501(a) of the Internal Revenue Code (the “Code”); (ii) by reason of qualifying under Section 401 (a) of the code.; (iii) certain church plans described in Code Section 414(e) that are either exempt from federal income taxation under Code Section 501 or described in Code Section 403(b)(9); (iv) certain commingled trust funds exempt from federal income taxation under Code Section 501(a) which consist solely of the assets of eligible employee benefit trusts; and (v) certain assets of insurance companies that are segregated in a separate account, provided that the assets in the separate account consist solely of assets of eligible employee benefit trusts. The Fund does not accept investments from individual retirement accounts (IRAs) or Keogh or H.R. 10 plans (directly or through commingled funds or separate accounts). The Fund and its units of participation are not registered with the SEC or any state securities regulatory authority and are offered in reliance upon an exemption from registration.
High Yield Bond Collective Investment Fund (Fund) may only accept assets of eligible employee benefit trusts, which include (i) certain employee benefit trusts exempt from federal income taxation under Section 501(a) of the Internal Revenue Code (the “Code”); (ii) by reason of qualifying under Section 401 (a) of the code.; (iii) certain church plans described in Code Section 414(e) that are either exempt from federal income taxation under Code Section 501 or described in Code Section 403(b)(9); (iv) certain commingled trust funds exempt from federal income taxation under Code Section 501(a) which consist solely of the assets of eligible employee benefit trusts; and (v) certain assets of insurance companies that are segregated in a separate account, provided that the assets in the separate account consist solely of assets of eligible employee benefit trusts. The Fund does not accept investments from individual retirement accounts (IRAs) or Keogh or H.R. 10 plans (directly or through commingled funds or separate accounts). The Fund and its units of participation are not registered with the SEC or any state securities regulatory authority and are offered in reliance upon an exemption from registration.
FEDERATED INVESTORS TRUST COMPANY
Variable Annuity Funds
Fund shares are available exclusively as a funding vehicle for life insurance companies writing variable life insurance policies and variable annuity contracts. If you are an individual investor, contact your financial advisor or insurance company for more information on these products.
Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.
Federated Securities Corp., Distributor
Private Funds
Certain of the Federated Hermes Private Funds (each, a “Fund” and collectively, the “Funds”) are registered under the Investment Company Act of 1940, as amended (the “1940 Act”), for example portfolios of the Federated Hermes Core Trust and Federated Hermes Core Trust III, but are not available for sale to the public or other eligible investors. Although the Project and Trade Finance Core Fund, a portfolio of Federated Hermes Core Trust III, is registered under the 1940 Act, it is not a mutual fund, and operates as an “extended redemption” fund. Additionally, interests in the Funds (“Interests”) have not and will not be registered for public offer or sale under the Securities Act of 1933, as amended (the “Securities Act”), or with any state regulator. Interests are being offered and sold exclusively to U.S. persons that are “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act (“Regulation D”), which may include (i) “qualified purchasers,” as defined in Section 2(a)(51) of the 1940 Act, and the rules thereunder; or (ii) “knowledgeable employees” as defined in Rule 3c-5(a)(4) under the 1940 Act. The information provided on the website is not intended for any person or entity in any U.S. state or country where such use would be contrary to law or regulation.
Fund shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer ("NBBO") as of the time the ETF calculates the current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time.