International Strategic Value Dividend Fund As of 8/31/21

In need of dividend income? Federated Hermes International Strategic Value Dividend Fund As of 8/31/21

TTM* Dividends paid TTM* TTM* S&P Portfolio objective dividend consecutively dividend dividend credit Holding yield Country since change date % change rating Seeks to provide dividend income and long-term capital appreciation Communication Services 18.97% driven by dividend growth. BCE , Inc. 5.32 Canada 1949 Feb-21 5.1% BBB+ Invests primarily in high-quality Elisa Oyj 3.60 Finland 2005 Jan-21 5.4% BBB+ companies that are located outside HKT Trust and HKT Ltd. 6.76 Hong Kong 2012 Aug-21 1.7% BBB the U.S. and positioned to increase KDDI Corporation 3.71 Japan 1993 May-21 4.2% NR their dividends over time. Telef Brasil 6.77 Brazil** 1998 – – brAAA Portfolio highlights Telenor ASA 5.91 Norway 2010 Feb-21 3.4% A- 4.81% gross weighted average Telus Corp. 4.35 Canada 1999 May-21 & Nov-20 8.6% BBB+ dividend yield Vodafone Group PLC 6.33 U.K. 1990 – – BBB 301 dividend increases and eight Consumer Staples 14.62% cuts since 1/1/13 British American Tobacco PLC 7.90 U.K. 1998 Feb-21 2.5% BBB+ 33 dividend increases and one cut in Coca-Cola FEMSA 4.33 Mexico** 2004 Mar-21 3.7% BBB+ the TTM* Kimberly-Clark De Mexico 4.85 Mexico** 1965 Feb-21 7.5% BBB+ 44 portfolio holdings Philip Morris International Inc. 4.66 U.S. 1928 Sep-20 2.6% A Beta: 0.78*** Tate & Lyle PLC 4.37 U.K. 1987 May-21 4.1% BBB Unilever PLC 3.62 U.K. 1949 Feb-21 4.6% A+ Dividend payment history Energy 7.51% 91% of holdings have paid Enbridge Inc. 6.73 Canada 1953 Dec-20 3.1% BBB+ consecutive dividends for 10 years. TC Energy Corporation 5.81 Canada 1985 Feb-21 7.4% BBB+ 77% of holdings have paid TotalEnergies SE 7.07 France 1945 – – A consecutive dividends for 20 years. Financials 23.76% 23% of holdings have paid Admiral Group PLC 6.84 U.K. 2004 Aug-21 67.5% A+1 consecutive dividends for 50 years. Allianz SE 4.82 Germany 1985 – – AA Bank of Montreal 3.38 Canada 1922 – – A+ Canadian Imperial Bank of 4.02 Canada 1868 – – A+ Commerce Munich Re Group 3.96 Germany 1952 – – AA- Royal Bank of Canada 3.33 Canada 1870 – – AA- Scor SE 6.93 France 2021 – – AA- Sumitomo Mitsui Financial Group 5.26 Japan 2002 – – A- Zurich Insurance Group AG 4.98 Switzerland 1999 – – AA Health Care 9.75% AstraZeneca PLC 2.39 U.K. 1993 – – A- Hypermarcas SA 2.87 Brazil** 2016 – – BB+ Novartis AG 3.54 Switzerland 1997 Jan-21 1.7% AA- Orion Oyj 4.34 Finland 1992 – – -2

Roche Holding AG 2.47 Switzerland 1990 Feb-21 1.1% AA Sanofi 3.65 France 1985 Feb-21 1.6% AA Sonic Healthcare Ltd. 2.10 Australia 1994 Feb-21 7.1% -2

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* TTM represents trailing twelve months. ** Dividend growth may be variable due to the payment of irregular dividends in some Brazilian and Mexican investments. *** Morningstar 3-year beta versus MSCI World ex USA Index calculated using monthly returns. 1Rating of parent company, holding is not rated. 2No corporate bond issuance. Dividend increase and cut history is shown from 1/1/13, when tracking of dividend changes in the portfolio began. Dividend changes prior to sale in the TTM*: On 11/4/20, Vonovia SE increased its dividend by 7.6%. On 2/18/21, Nestle SA increased its dividend by 1.9%. On 2/19/21, Danone cut its dividend by 7.6%. On 4/27/21, International Business Machines Corp. increased its dividend by 0.6%. Past performance is no guarantee of future results. For current fund performance, visit FederatedInvestors.com. Not FDIC Insured May Lose Value No Bank Guarantee Federated Hermes International Strategic Value Dividend Fund

TTM* Dividends paid TTM* TTM* S&P dividend consecutively dividend dividend credit Holding yield Country since change date % change rating Industrials 1.73% BAE Systems PLC 4.26 U.K. 1999 Jul-21 4.3% BBB Materials 1.30% UPM - Kymmene Oyj 3.78 Finland 1991 – – BBB Utilities 20.56% E.On SE 4.20 Germany 1985 Mar-21 2.2% BBB Emera, Inc. 4.28 Canada 1992 Sep-20 4.1% BBB ENEL S.p.A. 4.64 Italy 2000 Nov-20 9.1% BBB+ Fortis, Inc. 3.49 Canada 1972 Sep-20 5.8% A- Iberdrola SA 4.02 Spain 1985 Oct-20 5.5% BBB+ Italgas S.p.A. 4.93 Italy 2017 Mar-21 8.2% Baa23

National Grid PLC 5.22 U.K. 1996 Nov-20 1.2% BBB+ Snam S.p.A. 4.99 Italy 2001 Nov-20 5.0% BBB+ Terna S.p.A. 4.02 Italy 2004 Nov-20 8.0% BBB+ Sources: Bloomberg, FactSet and company websites of current holdings. Information as of 8/31/21. The fund is a managed portfolio and holdings are subject to change. Credit ratings do not protect against market risk. * TTM represents trailing twelve months. 3Moody’s rating, S&P does not provide a rating for Italgas S.p.A. Past performance is no guarantee of future results. For current fund performance, visit FederatedInvestors.com.

Average annual total returns (%) as of 8/31/21

Monthly (as of 8/31/21) Quarterly (as of 6/30/21) Expense ratio****

Since Since Ticker inception inception 30-day Before After symbol 3-month 1-year 5-year 10-year (6/4/08) 3-month 1-year 5-year 10-year (6/4/08) yield waivers waivers R6 Shares IVFLX 1.12 19.22 4.69 4.09 -1.34 5.24 22.85 4.14 3.20 -1.52 3.76 0.95 0.85 Institutional Shares IVFIX 1.39 19.52 4.75 4.25 1.98 4.94 22.84 4.14 3.35 1.82 3.77 1.03 0.86 A Shares (NAV) IVFAX 1.05 18.91 4.44 3.97 1.74 4.89 22.20 3.84 3.10 1.57 3.51 1.31 1.11 A Shares (MOP) IVFAX -4.52 12.42 3.29 3.38 1.31 -0.92 15.58 2.65 2.52 1.14 3.31 1.31 1.11 Performance quoted represents past performance which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than what is stated. To view performance current to the most recent month-end, and for after-tax returns, contact us or visit FederatedInvestors.com. Maximum offering price figures reflect the maximum sales charge of 5.5% for A Shares. See the prospectus for other fees and expenses that apply to a continued investment in the fund. Total returns for periods of less than one year are cumulative. ****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 2/1/22 or the date of the fund’s next effective prospectus. 30-day yield (also known as “SEC yield”) is a compounded and annualized figure calculated according to a formula set by the SEC. The formula requires use of a specific methodology for calculating dividends and interest earned, and expenses accrued, during the period, and reflects the maximum offering price per fund share. The standardized computation is designed to facilitate yield comparisons among different funds. The figure is compounded and annualized. In the absence of temporary expense waivers or reimbursements, the 30-day yield would have been 3.12% at maximum offering price and 3.32% at net asset value for A Shares, 3.59% for Institutional Shares and 3.60% for R6 Shares. The fund’s R6 Shares commenced operations on January 27, 2017. For the period prior to the commencement of operations of the R6 Shares, the performance information shown is for the fund’s Institutional Shares adjusted to remove any voluntary waiver of fund expenses related to the fund’s Institutional Shares that may have occurred during the periods prior to the commencement of operations of the fund’s R6 Shares.

There are no guarantees that dividend-paying stocks will continue to pay dividends. In addition, dividend-paying stocks may not experience the same capital appreciation potential as non-dividend-paying stocks. Beta measures a portfolio’s volatility relative to the market. A beta greater than 1.00 suggests the portfolio has historically been more volatile than the market as measured by the fund’s benchmark. A beta less than 1.00 suggests the portfolio has historically had less volatility relative to the market. The ratings provided are sourced from securities ratings agencies Standard and Poor’s (S&P) and Moody’s. S&P and (Moody’s), respectively, make the following credit rating classifications: A (A) or better are considered to be high credit quality; credit ratings of BBB (Baa) are good credit quality and the lowest category of investment grade; credit ratings BB (Ba) and below are lower-rated securities (“junk bonds”); and credit ratings of CCC (Caa) or below have high default risk. A modifier of 1 or + indicates that the obligation ranks in the higher end of its rating category and a modifier of 3 or - indicates a ranking in the lower end of the category. NR indicates that a rating has not been assigned or is no longer assigned. International investing involves special risks including currency risk, increased volatility, political risks and differences in auditing and other financial standards. 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. This material must be preceded or accompanied by a prospectus.