Clover Small Value Fund

ticker V S F S X Mutual Funds . Small Cap .

Overview

 
AT A GLANCE
Portfolio
Assets
October 31 2024
$179.1 M
YTD Return NAV
November 4 2024
9.31%
Equity
Overall
Morningstar
Rating ™
September 30 2024
4 out of 5 stars"
Gross
Expenses
1.12%
Net
Expenses
0.82%
STRATEGY

Seeks capital appreciation by investing primarily in common stocks and other equity securities of U.S. companies with small market capitalizations.

KEY FACTS
Key Facts - Part 1
Symbol ticker V S F S X
Benchmark Russell 2000® Value Index
Key Facts - Part 2
Fund Number(s)
539
CUSIP 3 1 4 2 1 N 8 0 8
Performance Incp. Date February 28 1996
MORNINGSTAR CATEGORY / STYLE
Category
Small Value
Style
Small Value
INVESTMENT GOALS Retirement
Growth
Inflation Options
KEY INVESTMENT TEAM
Stephen Gutch, CFA
Senior Vice President
Head of Value Equity Team
Senior Portfolio Manager

joined Federated Hermes
29 years of experience
Eric Triplett, CFA
Vice President
Portfolio Manager
Senior Investment Analyst

joined Federated Hermes
10 years of experience

Performance

Characteristics

DISCLOSURES

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.

Commentary

Documents

 
DISCLOSURES

The “As of Date” for regulatory documents  is the date when the document is made available on Federated Hermes' website.

1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at www.sec.gov within 60 days of the end of the fiscal quarter upon filing.

Distributions and Taxes

Standard Performance

 
DISCLOSURES

dagger disclosure The fund's expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund's Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 12/01/2024 or the date of the fund's next effective prospectus.

Total returns for periods of less than one year are cumulative.

The fund's R6 Shares commenced operations on March 29, 2016. For the period prior to the commencement of operations for the R6 Shares, the performance information shown is for the A shares adjusted to reflect the expenses of the R6 class for each year for which the expenses of the R6 would have exceeded the actual expenses paid by the fund’s A shares. The performance information has also been adjusted to reflect the absence of sales charges applicable to the A Shares.

The value of equity securities in the fund’s portfolio will fluctuate and, as a result, the fund’s share price may decline. Equity securities may decline in value because of an increase in interest rates or changes in the stock market.

Because the fund may allocate relatively more assets to certain industry sectors than others, the fund’s performance may be more susceptible to any developments which affect those sectors emphasized by the Fund.

Small-cap companies may have less liquid stock, a more volatile share price, unproven track records, a limited product or service base and limited access to capital. The above factors could make small-cap companies more likely to fail than larger companies and increase the volatility of a fund’s portfolio, performance and share price. Suitable securities of small-cap companies also can have limited availability and cause capacity constraints on investment strategies for funds that invest in them.

Value stocks tend to have higher dividends and thus have a higher income-related component in their total return than growth stocks. Value stocks also may lag growth stocks in performance at times, particularly in late stages of a market advance.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional instruments.

The performance information provided for the periods prior to August 28, 2009 is historical information of the Touchstone Diversified Small Cap Value Fund (the "Touchstone Small Fund"). The fund is the successor to the Touchstone Small Fund pursuant to a reorganization that took place on August 28, 2009.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Diversification does not assure a profit nor protect against loss.

Product classifications noted at the top are Federated Hermes' internal classifications.

Mutual funds are subject to risks and fluctuate in value.

The fund may invest in small capitalization (or “small-cap”) companies. Small-cap companies may have less liquid stock, a more volatile share price, unproven track records, a limited product or service base and limited access to capital. The above factors could make small-cap companies more likely to fail than larger companies and increase the volatility of the fund’s portfolio, performance and share price. Suitable securities of small-cap companies also can have limited availability and cause capacity constraints on investment strategies for funds that invest in them.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

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.

Current and future portfolio holdings are subject to risk.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee

3226724670