Past performance is no guarantee of future results.

For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary. In addition, by accessing documents containing CUSIP information, you agree to the Terms of Use for CUSIP Information contained in the Financial Glossary.

Alpha measures the excess returns of a portfolio relative to the return of a benchmark index.

Federated Hermes' Portfolio Constructions Solutions services are offered solely to financial advisors and other financial intermediaries.

A Word About Risk:

The quantitative models and analysis used by the funds may perform differently than expected and negatively affect fund performance.

Bond prices are sensitive to changes in interest rates, and a rise in interest rates can cause a decline in their prices.

Issuers of fixed-income securities may fail to pay interest or principal on those securities when due, which may reduce the value of the Fund’s portfolio holdings, its share price and its performance.

Investing in equities is speculative and involves substantial risk.

Investments are subject to risks and fluctuate in value. There is no guarantee that any investment approach will be successful.

Diversification and asset allocation do not assure a profit nor protect against loss.

Mutual Funds and ETFs

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

3770448672