Federated Hermes Equity Income Fund, Inc
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Federated Hermes Equity Income Fund, Inc. PORTFOLIO AS OF JANUARY 31, 2021 CURRENT NET ASSETS - $800,166,644 Shares Value COMMON STOCKS—99.9% Communication Services—7.8% 281,880 AT&T, Inc. $ 8,070,224 414,937 Comcast Corp., Class A 20,568,427 113,595 1 T-Mobile USA, Inc. 14,322,058 65,177 Verizon Communications, Inc. 3,568,441 93,811 Walt Disney Co. 15,776,196 TOTAL 62,305,346 Consumer Discretionary—9.2% 189,036 Bloomin Brands, Inc. 3,982,989 295,366 General Motors Co. 14,969,149 23,673 Home Depot, Inc. 6,411,122 203,660 Las Vegas Sands Corp. 9,794,009 437,785 Levi Strauss & Co. 8,628,742 19,309 McDonald’s Corp. 4,013,183 66,554 1 Royal Caribbean Cruises, Ltd. 4,326,010 81,412 Target Corp. 14,749,412 145,552 Wyndham Destinations, Inc. 6,439,220 TOTAL 73,313,836 Consumer Staples—6.9% 48,237 Constellation Brands, Inc., Class A 10,174,630 311,379 Kraft Heinz Co./The 10,434,310 47,561 Procter & Gamble Co. 6,097,796 282,779 The Coca-Cola Co. 13,615,809 104,397 WalMart, Inc. 14,666,735 TOTAL 54,989,280 Energy—4.0% 194,659 Chevron Corp. 16,584,947 223,976 ConocoPhillips 8,965,759 99,790 Phillips 66 6,765,762 TOTAL 32,316,468 Financials—23.2% 195,726 Axis Capital Holdings Ltd. 8,983,823 875,767 Bank of America Corp. 25,966,492 14,340 BlackRock, Inc. 10,056,068 192,783 Capital One Financial Corp. 20,099,556 576,198 Citizens Financial Group, Inc. 20,996,655 68,819 Everest Re Group Ltd. 14,526,315 58,795 Goldman Sachs Group, Inc. 15,943,440 239,199 JPMorgan Chase & Co. 30,777,735 151,183 LPL Investment Holdings, Inc. 16,379,166 98,389 Reinsurance Group of America 10,335,765 147,281 VOYA Financial, Inc.. 8,168,204 113,657 Wells Fargo & Co. 3,396,071 TOTAL 185,629,290 Health Care—11.5% 53,383 AbbVie, Inc. 5,470,690 190,588 AstraZeneca PLC, ADR 9,643,753 149,606 1 Horizon Therapeutics PLC 10,843,443 39,345 1 IQVIA Holdings, Inc. 6,995,541 97,324 Johnson & Johnson 15,876,464 FederatedInvestors.com Federated Securities Corp., Distributor © 2021 Federated Hermes, Inc. Shares Value 125,990 Medtronic PLC $ 14,026,466 49,717 UnitedHealth Group, Inc. 16,584,597 83,713 Zimmer Biomet Holdings, Inc. 12,864,177 TOTAL 92,305,131 Industrials—10.9% 157,809 Alaska Air Group, Inc. 7,705,813 1,235,442 General Electric Co. 13,194,521 79,237 Honeywell International, Inc. 15,480,533 283,614 1 Ingersoll-Rand, Inc. 11,866,410 117,916 Jacobs Engineering Group, Inc. 11,904,799 45,295 Parker-Hannifin Corp. 11,985,510 77,000 Union Pacific Corp. 15,205,190 TOTAL 87,342,776 Information Technology—12.2% 112,541 1 Akamai Technologies, Inc. 12,495,427 93,273 Analog Devices, Inc. 13,741,911 211,130 Avnet, Inc. 7,455,000 35,633 Broadcom, Inc. 16,052,666 101,023 Fidelity National Information Services, Inc. 12,472,300 88,632 1 Lumentum Holdings, Inc. 8,313,682 66,658 Microsoft Corp. 15,461,990 71,904 Motorola, Inc. 12,047,515 TOTAL 98,040,491 Materials—6.2% 173,276 DuPont de Nemours, Inc. 13,766,778 369,987 1 Freeport-McMoRan, Inc. 9,956,350 302,055 Huntsman Corp. 7,980,293 39,582 Linde PLC 9,713,423 59,060 PPG Industries, Inc. 7,955,973 TOTAL 49,372,817 Real Estate—3.7% 54,914 Cyrusone, Inc. 4,005,976 5,725 Equinix, Inc. 4,236,271 263,967 Invitation Homes, Inc. 7,781,747 99,835 National Retail Properties, Inc. 3,893,565 93,259 ProLogis Inc. 9,624,329 TOTAL 29,541,888 Utilities—4.3% 162,017 Dominion Energy, Inc. 11,809,419 147,080 NextEra Energy, Inc. 11,894,360 86,673 Sempra Energy 10,726,650 TOTAL 34,430,429 TOTAL COMMON STOCKS 799,587,752 INVESTMENT COMPANY—0.2% 1,051,519 Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.07% 2 1,051,835 TOTAL INVESTMENT IN SECURITIES $800,639,587 1 Non-income-producing security. 2 7-day net yield. Note: The categories of investments are shown as a percentage of net assets $800,166,644 at the close of business on January 31, 2021, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. The following acronym(s) are used throughout this portfolio: ADR —American Depositary Receipt FEIF-2 Portfolio holdings are shown as of the date indicated and are unaudited. Since market conditions fluctuate suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio composition. These portfolio holdings are not intended to be and do not constitute recommendations that others buy, sell, or hold any of the securities listed. For more complete information on the fund, visit FederatedInvestors.com for a prospectus or a summary prospectus. You should consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund’s prospectus or summary prospectus, which you should read carefully before investing. NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Federated Securities Corp., Distributor (32170) 1/31/2021 FEIF-3.