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Federated Hermes Global Allocation Fund PORTFOLIO AS OF JUNE 30, 2021 CURRENT NET ASSETS - $421,330,447 Shares, Principal Amount or Contracts Value COMMON STOCKS—67.1% Communication Services—5.0% 14,983 Activision Blizzard, Inc. $ 1,429,978 1 661,541 Alibaba Pictures Group Ltd. 92,022 1 1,082 Alphabet, Inc., Class A 2,642,017 1 1,233 Alphabet, Inc., Class C 3,090,293 30,873 America Movil S.A.B. de C.V. 23,231 66,629 Auto Trader Group PLC 584,321 1 958 Baidu, Inc., ADR 195,336 1 3,294 CarGurus, Inc. 86,402 1 9,884 China Literature Ltd. 109,929 417,966 China Tower Corp Ltd. 57,600 1,043 Cyfrowy Polsat, S.A. 8,192 1 1 DouYu International Holdings Ltd., ADR 7 1 3,980 Facebook, Inc. 1,383,886 25,300 Focus Media Information Technology Co. Ltd. 36,845 1 5,739 GOGO, Inc. 65,310 8,031 Gray Television, Inc. 187,925 2,659 Hellenic Telecommunication Organization SA 44,633 1 1 HUYA, Inc., ADR 18 595 IDT Corp. 21,991 1 1,638 Info Edge India Ltd. 108,749 1 1 iQIYI, Inc., ADR 16 503 Kakao Corp. 72,791 3,796 Konami Corp. 227,784 6,772 LG Uplus Corp. 92,318 1 2,995 Loral Space & Communications Ltd. 116,356 1,2 1 Mail.ru Group Ltd., GDR 23 11,669 Mobile Telesystems, ADR 108,055 1 1 Momo, Inc., ADR 15 6,248 MTN Group Ltd. 45,147 5,578 NetEase, Inc. 128,682 12,329 New York Times Co., Class A 536,928 593 NHN Corp. 219,896 483 Nintendo Co. Ltd. 281,029 14,183 Omnicom Group, Inc. 1,134,498 1 7,958 Orbcomm, Inc. 89,448 1 2,167 Pinterest, Inc. 171,085 23,714 Proximus 458,199 15,300 Quebecor, Inc., Class B 408,049 10,720 Scout24 Holding GmbH 904,866 473 SK Telecom Co. Ltd. 134,440 1,349 Square Enix Holdings Co. Ltd. 66,929 1 5,725 Take-Two Interactive Software, Inc. 1,013,439 1 170 TechTarget, Inc. 13,173 661 Tegna, Inc. 12,400 276,681 Telefonica Deutschland Holding AG 730,116 8,092 Telenor ASA 136,542 FederatedInvestors.com Federated Securities Corp., Distributor © 2021 Federated Hermes, Inc. Shares, Principal Amount or Contracts Value 25,496 Tencent Holdings Ltd. $ 1,917,787 41,835 TIM S.A./Brazil 96,980 2,394 Toho Co. Ltd. 98,669 829,900 True Corp. PCL 82,420 2,178 1 U.S. Cellular Corp. 79,083 13,213 Vodacom Group Ltd. 119,131 1 1 Vonage Holdings Corp. 14 2,563 1 Yandex N.V. 181,465 222 YY, Inc., ADR 14,645 3,142 1 Zillow Group, Inc. 384,989 71,474 1 Zynga, Inc. 759,769 TOTAL 21,005,861 Consumer Discretionary—9.0% 852 1 2U, Inc. 35,503 9,026 ABC-Mart, Inc. 515,746 1,576 1 Academy Sports and Outdoors, Inc. 64,994 884 1 Adtalem Global Education, Inc. 31,506 60,708 1 Alibaba Group Holding Ltd. 1,720,028 1,552 1 Amazon.com, Inc. 5,339,128 7,824 American Outdoor Brands Corp. 271,493 1 1 American Public Education, Inc. 28 30,504 Aramark 1,136,274 416 1 Asbury Automotive Group, Inc. 71,290 3,334 Balkrishna Industries Ltd. 100,914 17,914 Berkeley Group Holdings PLC 1,140,313 1,681 Big Lots, Inc. 110,963 1 1 Bluegreen Vacations Holding Corp. 18 2,410 BorgWarner, Inc. 116,981 3,297 1 Boyd Gaming Corp. 202,733 7,070 BYD Co. Ltd. 211,455 3,700 BYD Co. Ltd. 143,729 6,299 Canadian Tire Corp. Ltd. 996,783 3,175 Carriage Services, Inc. 117,380 11,530 Casio Computer Co. Ltd. 192,670 20,068 China Meidong Auto Holdings Ltd. 109,460 6,600 Chongqing Changan Automobile Co. Ltd. 26,844 1,037 1 Container Store Group, Inc. 13,522 767 Coway Co. Ltd. 53,606 2,222 1 CROCs, Inc. 258,907 14,281 D. R. Horton, Inc. 1,290,574 2,688 1 Delivery Hero SE 355,151 1,921 1 Dine Brands Global, Inc. 171,449 26,194 Dongfeng Motor Group Co. Ltd. 23,548 2,219 eBay, Inc. 155,796 3,300 Ecovacs Robotics Co. Ltd. 116,485 1,174 1 Etsy, Inc. 241,656 1 Ford Otomotiv Sanayi A.S. 20 16,091 Fuyao Glass Industry Group Co. Ltd. 113,368 42,804 Gentex Corp. 1,416,384 6,748 Gildan Activewear, Inc. 248,994 590,777 1 Gome Electrical Appliances Holdings Ltd. 76,089 36,428 Great Wall Motor Company Limited 117,618 2,785 1 Green Brick Partners, Inc. 63,331 676 Group 1 Automotive, Inc. 104,395 29,400 1 Haier Smart Home Co. Ltd. 102,621 2,304 Hankook Tire Co. Ltd. 105,797 1 1 HelloFresh SE 97 11,543 Hennes & Mauritz AB, Class B 273,918 181 Hermes International 263,907 FGAF-2 Shares, Principal Amount or Contracts Value 852 Hibbett, Inc. $ 76,365 2,998 Home Depot, Inc. 956,032 191 Hyundai Motor Co. 40,631 8,748 Iida Group Holdings Co. Ltd. 225,108 7,828 1 International Game Technology PLC 187,559 1,351 Jack in the Box, Inc. 150,555 5,996 1 JD.com, Inc. 239,019 398 Johnson Outdoors, Inc., Class A 48,158 2,435 Jubilant Foodworks Ltd. 101,131 646 Kering 565,296 1,516 Kia Corp. 120,650 5,117 Koito Manufacturing Co. Ltd. 318,106 10,731 La Francaise des Jeux SAEM 631,054 1,273 LCI Industries 167,298 1,896 Lear Corp. 332,331 1,586 Lennar Corp., Class A 157,569 3,215 Lennar Corp., Class B 261,862 1,066 LG Electronics, Inc. 154,696 299 Lithia Motors, Inc., Class A 102,748 3,284 Lowe’s Cos., Inc. 636,997 1 1 Lumber Liquidators, Inc. 21 2,328 LVMH Moet Hennessy Louis Vuitton SA 1,827,869 438 M.D.C. Holdings, Inc. 22,163 13,836 Magna International, Inc. 1,281,024 1,303 1 MarineMax, Inc. 63,508 12,955 1 Meituan 535,062 1,096 1 Meritage Corp. 103,112 13,373 MGM Resorts International 570,358 1 Michelin, Class B 160 1 Mr. Price Group Ltd. 15 1,672 Naspers Ltd., Class N 351,243 9,246 Next PLC 1,006,264 6,624 1 NIO, Inc., ADR 352,397 615 1 Overstock.com, Inc. 56,703 1,870 Pandora A/S 251,978 1,040 Patrick Industries, Inc. 75,920 1 1 Perdoceo Education Corp. 12 21,243 Petrobras Distribuidora SA 113,950 1,145 1 Pinduoduo, Inc., ADR 145,438 7,842 1 Prosus NV 767,305 500 PT Astra International Tbk 170 95,500 PTT Oil & Retail Business PCL 91,038 1,030 Pulte Group, Inc. 56,207 19,300 Qingdao Haier Co. Ltd. 77,392 1,673 RCI Hospitality Holdings, Inc. 110,753 370 1 RH 251,230 47,764 Sekisui House Ltd. 979,276 590 Service Corp. International 31,618 100 Shenzhou International Group 2,526 387 Shimano, Inc. 91,767 1,453 Signet Jewelers Ltd. 117,388 2,685 1 Sportsman’s Warehouse Holdings, Inc. 47,712 2,331 Standard Motor Products, Inc. 101,049 10,620 Stanley Electric Co. Ltd. 307,174 2,296 Sturm Ruger & Co., Inc. 206,594 4,145 Subaru Corp. 81,737 16,044 Suzuki Motor Corp. 678,609 1 1 Tata Motors Ltd. 5 75,100 TCL Corp. 88,914 FGAF-3 Shares, Principal Amount or Contracts Value 7,718 1 Terminix Global Holdings, Inc. $ 368,226 20 1 Tesla, Inc. 13,594 1,253 The Aaron’s Company, Inc. 40,083 32,353 The Wendy’s Co. 757,707 1,861 Thor Industries, Inc. 210,293 385 1 TopBuild Corp. 76,145 4,331 Topsports International Holdings Ltd. 7,096 123 Travel + Leisure Co. 7,312 17 Trip.com Group Ltd., ADR 603 4,838 1 Vipshop Holdings Ltd., ADR 97,147 351 1 Vista Outdoor, Inc. 16,244 550 1 Wayfair, Inc. 173,640 1 Woolworths Holdings Ltd. 4 621 1 WW International, Inc. 22,443 17,449 Wyndham Hotels & Resorts, Inc. 1,261,388 1 1 XPeng, Inc., ADR 44 40,271 Yadae Group Holdings Ltd. 86,621 2,982 Yum China Holding, Inc. 197,557 12,775 Zhongsheng Group Holdings 106,293 1 1 Zumiez,Inc. 49 TOTAL 37,984,781 Consumer Staples—3.2% 6,511 Alimentation Couche-Tard, Inc., Class B 239,251 45,864 Ambev SA 157,405 1,023 B&G Foods, Inc., Class A 33,554 37,376 Becle SA de CV 98,774 965 1 Bellring Brands, Inc. 30,243 7,675 BIM Birlesik Magazalar AS 54,794 2,331 1 BJ’s Wholesale Club Holdings, Inc. 110,909 2,261 Britannia Industries Ltd. 111,147 854 Calavo Growers, Inc. 54,161 103,724 Charoen Pokphand Foods Public Co.,Ltd. 85,800 11,273 China Feihe Ltd. 24,334 27,641 China Mengniu Dairy Co. Ltd. 167,146 15,523 China Resources Enterprises Ltd. 139,288 3,500 Chongqing Brewery Co., Ltd. 107,224 184 CJ CheilJedang Corp. 75,339 6,343 Clicks Group, Ltd. 109,163 1 Colgate-Palmolive (India) Ltd. 23 387 Cosmos Pharmaceutical Corp. 56,790 9 E-Mart Co. Ltd. 1,279 2,818 Empire Co. Ltd., Class A 88,887 7,979 George Weston Ltd. 760,503 7,864 Gruma S.A., Class B 88,392 46,494 Grupo Bimbo S.A.B.
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