FEDERATED HERMES GOVERNMENT RESERVES FUND Portfolio as of June 30, 2021 Current Net Assets -- $ 11,565,969,526 Weighted Average Maturity: 23 Days Weighted Average Life: 87 Days (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment GOVERNMENT AGENCIES - 15.4% $ 20,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.090% 3133EMTB8 $ 20,000,000 7/1/2021 3/10/2023 U.S. Government Agency Debt $ 28,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.095% 3133EMHQ8 $ 27,996,727 7/1/2021 8/25/2022 U.S. Government Agency Debt $ 50,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.105% 3133EMKP6 $ 49,996,315 7/1/2021 12/15/2022 U.S. Government Agency Debt $ 15,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.110% 3133EMMS8 $ 15,000,000 7/1/2021 1/13/2023 U.S. Government Agency Debt $ 20,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.115% 3133EMGS5 $ 20,000,000 7/1/2021 11/18/2022 U.S. Government Agency Debt $ 30,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.125% 3133EKN69 $ 30,000,000 7/1/2021 9/13/2021 U.S. Government Agency Debt $ 10,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.125% 3133EKUW4 $ 10,000,000 7/1/2021 7/9/2021 U.S. Government Agency Debt $ 25,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.125% 3133EMFQ0 $ 25,000,000 7/1/2021 11/3/2022 U.S. Government Agency Debt $ 20,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.195% 3133EL2B9 $ 20,000,000 7/1/2021 7/28/2022 U.S. Government Agency Debt $ 37,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.230% 3133ELHG2 $ 37,000,000 7/1/2021 1/14/2022 U.S. Government Agency Debt $ 34,700,000 (5) Federal Farm Credit System Floating Rate Notes, 0.260% 3133EK4H6 $ 34,700,000 7/1/2021 10/28/2021 U.S. Government Agency Debt $ 55,000,000 (5) Federal Farm Credit System Floating Rate Notes, 0.350% 3133ELUW2 $ 55,000,000 7/1/2021 9/24/2021 U.S. Government Agency Debt $ 79,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.070% 3130AKJM9 $ 79,000,000 7/1/2021 8/9/2021 U.S. Government Agency Debt $ 35,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.085% 3130AMMK5 $ 35,000,000 7/1/2021 5/19/2023 U.S. Government Agency Debt $ 48,100,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.090% 3130ALSC9 $ 48,100,000 7/1/2021 3/17/2023 U.S. Government Agency Debt $ 90,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.095% 3130AKH33 $ 90,000,000 7/1/2021 5/27/2022 U.S. Government Agency Debt $ 62,500,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.105% 3130AKYV2 $ 62,500,000 7/1/2021 2/3/2023 U.S. Government Agency Debt $ 40,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.110% 3130AKDD5 $ 40,000,000 7/1/2021 4/26/2022 U.S. Government Agency Debt $ 40,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.110% 3130AKH82 $ 40,000,000 7/1/2021 11/18/2022 U.S. Government Agency Debt $ 48,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.110% 3130AKHU3 $ 48,000,000 7/1/2021 12/2/2022 U.S. Government Agency Debt $ 70,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.110% 3130AKKN5 $ 70,000,000 7/1/2021 12/16/2022 U.S. Government Agency Debt $ 27,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.115% 3130AKG34 $ 27,000,000 7/1/2021 11/10/2022 U.S. Government Agency Debt $ 35,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.125% 3130AGQA6 $ 35,000,000 7/1/2021 7/8/2021 U.S. Government Agency Debt $ 27,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.125% 3130AGTF2 $ 27,000,000 7/1/2021 7/23/2021 U.S. Government Agency Debt $ 25,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.130% 3130AJYW3 $ 25,000,000 7/1/2021 2/18/2022 U.S. Government Agency Debt $ 38,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.130% 3130AJZK8 $ 38,000,000 7/1/2021 2/25/2022 U.S. Government Agency Debt $ 25,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.135% 3130AJZF9 $ 25,000,000 7/1/2021 5/20/2022 U.S. Government Agency Debt $ 44,600,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.140% 3130AK5G7 $ 44,600,000 7/1/2021 6/10/2022 U.S. Government Agency Debt $ 17,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.165% 3130AJ5K1 $ 17,000,000 7/1/2021 2/10/2022 U.S. Government Agency Debt $ 60,000,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.170% 3130AJC49 $ 60,000,000 7/1/2021 2/28/2022 U.S. Government Agency Debt $ 39,650,000 (5) Federal Home Loan Bank System Floating Rate Notes, 0.200% 3130AJCZ0 $ 39,650,000 7/1/2021 9/3/2021 U.S. Government Agency Debt FGRF-1 (2) Effective (3) Final Principal Amount (1) Security Description CUSIP Base Value/Cost Maturity Maturity Category of Investment $ 30,000,000 Federal Home Loan Bank System Notes, 0.030% 3130AMD66 $ 29,999,407 11/3/2021 11/3/2021 U.S. Government Agency Debt $ 45,000,000 Federal Home Loan Bank System Notes, 0.035% 3130AMDG4 $ 44,998,921 11/29/2021 11/29/2021 U.S. Government Agency Debt $ 15,000,000 Federal Home Loan Bank System Notes, 0.101% 3130AKTN6 $ 15,000,000 10/26/2021 10/26/2021 U.S. Government Agency Debt $ 20,000,000 Federal Home Loan Bank System Notes, 0.125% 3130AKA30 $ 19,999,644 8/16/2021 8/16/2021 U.S. Government Agency Debt $ 32,000,000 Federal Home Loan Bank System Notes, 0.125% 3130AKBC9 $ 31,999,663 9/30/2021 9/30/2021 U.S. Government Agency Debt $ 70,000,000 (5) Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.115% 3134GXBH6 $ 70,000,000 7/1/2021 11/9/2022 U.S. Government Agency Debt $ 21,300,000 (5) Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.140% 3134GWKC9 $ 21,300,000 7/1/2021 8/3/2022 U.S. Government Agency Debt $ 13,250,000 (5) Federal Home Loan Mortgage Corp. Floating Rate Notes, 0.250% 3134GVGW2 $ 13,250,000 7/1/2021 3/11/2022 U.S. Government Agency Debt $ 26,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.220% 3135G0Z55 $ 26,000,000 7/1/2021 3/9/2022 U.S. Government Agency Debt $ 25,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.240% 3135G04T7 $ 24,997,711 7/1/2021 5/27/2022 U.S. Government Agency Debt $ 26,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.250% 3135G05A7 $ 26,000,000 7/1/2021 6/24/2022 U.S. Government Agency Debt $ 20,800,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.270% 3135G04L4 $ 20,800,000 7/1/2021 5/9/2022 U.S. Government Agency Debt $ 30,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.280% 3135G04J9 $ 30,000,000 7/1/2021 5/6/2022 U.S. Government Agency Debt $ 53,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.320% 3135G04G5 $ 53,000,000 7/1/2021 5/4/2022 U.S. Government Agency Debt $ 39,500,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.340% 3135G02W2 $ 39,500,000 7/1/2021 10/4/2021 U.S. Government Agency Debt $ 36,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.360% 3135G03T8 $ 36,000,000 7/1/2021 10/25/2021 U.S. Government Agency Debt $ 24,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.370% 3135G04A8 $ 24,000,000 7/1/2021 4/28/2022 U.S. Government Agency Debt $ 26,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.370% 3135G04D2 $ 26,000,000 7/1/2021 4/27/2022 U.S. Government Agency Debt $ 28,000,000 (5) Federal National Mortgage Association Floating Rate Notes, 0.440% 3135G03J0 $ 28,000,000 7/1/2021 4/15/2022 U.S. Government Agency Debt TOTAL GOVERNMENT AGENCIES $ 1,776,388,388 REPURCHASE AGREEMENTS - 50.3% $ 300,000,000 ABN Amro Bank NV, 0.055% dated 6/30/2021 00699Q009 $ 300,000,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement $ 150,000,000 BMO Harris Bank, N.A., 0.055% dated 6/30/2021 932CQA007 $ 150,000,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement $ 400,000,000 (6) BNP Paribas SA, 0.020% dated 5/13/2021 963FTR002 $ 400,000,000 7/7/2021 8/12/2021 Treasury Repurchase Agreement $ 200,000,000 (6) BNP Paribas SA, 0.020% dated 5/5/2021 963FTR002 $ 200,000,000 7/6/2021 7/6/2021 Treasury Repurchase Agreement $ 106,000,000 BNP Paribas SA, 0.050% dated 6/30/2021 963FTR002 $ 106,000,000 7/1/2021 7/1/2021 Treasury Repurchase Agreement $ 35,000,000 Barclays Capital, Inc., 0.050% dated 6/30/2021 068992007 $ 35,000,000 7/1/2021 7/1/2021 Treasury Repurchase Agreement $ 204,310,000 BofA Securities, Inc., 0.050% dated 6/30/2021 983JVMII0 $ 204,310,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement $ 168,000,000 BofA Securities, Inc., 0.050% dated 6/30/2021 983JVMII0 $ 168,000,000 7/1/2021 7/1/2021 Treasury Repurchase Agreement $ 350,000,000 (6) Citigroup Global Markets, Inc., 0.060% dated 6/22/2021 99CBF2906 $ 350,000,000 7/7/2021 7/22/2021 Treasury Repurchase Agreement $ 500,000,000 (6) Citigroup Global Markets, Inc., 0.070% dated 3/4/2020 99CBF2906 $ 500,000,000 7/7/2021 7/7/2021 Government Agency Repurchase Agreement $ 2,600,000,000 Federal Reserve Bank of New York, 0.050% dated 6/30/2021 304997000 $ 2,600,000,000 7/1/2021 7/1/2021 Treasury Repurchase Agreement $ 500,000,000 Fixed Income Clearing Corporation ("FICC") - BNYM, 0.055% dated 6/30/2021 857449004 $ 500,000,000 7/1/2021 7/1/2021 Treasury Repurchase Agreement $ 50,000,000 HSBC Securities (USA), Inc., 0.055% dated 6/30/2021 643996002 $ 50,000,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement $ 72,000,000 Natixis Financial Products LLC, 0.055% dated 6/30/2021 45099F004 $ 72,000,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement $ 180,000,000 Wells Fargo Securities LLC, 0.060% dated 6/30/2021 930NXW009 $ 180,000,000 7/1/2021 7/1/2021 Government Agency Repurchase Agreement TOTAL REPURCHASE AGREEMENTS $ 5,815,310,000 U.S.