NPORT-EX 2 poi_fhmdtallcapcorefund.htm POI - FEDERATED HERMES MDT ALL CAP CORE FUND EDGAR HTML
Federated Hermes MDT All Cap Core Fund
Portfolio of Investments
April 30, 2021 (unaudited)  
Shares
 
 
Value
         
 
COMMON STOCKS—98.3%
 
 
 
Communication Services—10.4%
 
13,395
 
Activision Blizzard, Inc.
$1,221,490  
9,446
1
Alphabet, Inc., Class A
22,231,161 
81,453
1
Altice USA, Inc.
2,957,558  
65,486
1
Cars.com, Inc.
865,070    
189
1
Charter Communications, Inc.
127,282    
13,344
 
Electronic Arts, Inc.
1,895,916  
11,705
1
Facebook, Inc.
3,805,061  
2,955
1
Netflix, Inc.
1,517,304  
69,931
 
News Corp., Inc., Class A
1,831,843  
18,694
1
Pinterest, Inc.
1,240,721  
10,893
1
Take-Two Interactive Software, Inc.
1,910,414  
13,839
1
TripAdvisor, Inc.
652,232    
36,970
 
Verizon Communications, Inc.
2,136,496  
 
 
TOTAL
42,392,548
 
 
Consumer Discretionary—11.4%
 
624
 
Advance Auto Parts, Inc.
124,900    
3,295
1
Amazon.com, Inc.
11,425,149 
1,388
1
AutoZone, Inc.
2,032,199  
19,242
1
Cooper-Standard Holding, Inc.
558,788    
5,917
 
Domino’s Pizza, Inc.
2,498,986  
49,006
 
eBay, Inc.
2,734,045  
7,315
1
Etsy, Inc.
1,454,149  
3,282
1
Five Below, Inc.
660,568    
35,900
1
Ford Motor Co.
414,286    
53,197
1
Goodyear Tire & Rubber Co.
915,520    
7,769
 
Home Depot, Inc.
2,514,592  
2,035
1
L Brands, Inc.
134,107    
14,470
 
Lowe’s Cos., Inc.
2,839,737  
169,981
1
Macy’s, Inc.
2,818,285  
7,196
 
McDonald’s Corp.
1,698,832  
1,267
1
Mohawk Industries, Inc.
260,368    
2,682
 
Nike, Inc., Class B
355,687    
7,856
1
O’Reilly Automotive, Inc.
4,343,425  
3,997
1
PVH Corp.
452,380    
4,786
1
SeaWorld Entertainment, Inc.
262,081    
2,668
 
Starbucks Corp.
305,459    
2,306
1
Tesla, Inc.
1,635,969  
834
 
Wingstop, Inc.
132,114    
14,709
1
YETI Holdings, Inc.
1,256,443  
39,886
 
Yum! Brands, Inc.
4,767,175  
 
 
TOTAL
46,595,244
 
 
Consumer Staples—6.2%
 
36,107
1
BJ’s Wholesale Club Holdings, Inc.
1,612,900  
72,342
 
Colgate-Palmolive Co.
5,837,999  
5,439
 
Costco Wholesale Corp.
2,023,798  
22,231
 
Hershey Foods Corp.
3,652,553  
9,699
1
Molson Coors Beverage Company, Class B
532,960    
1
Shares
 
 
Value
         
 
COMMON STOCKS—continued
 
 
 
Consumer Staples—continued
 
18,951
 
PepsiCo, Inc.
$2,731,976  
95,231
 
Philip Morris International, Inc.
9,046,945  
941
 
Procter & Gamble Co.
125,548    
 
 
TOTAL
25,564,679
 
 
Energy—1.7%
 
27,127
 
Cimarex Energy Co.
1,795,807  
14,278
 
Continental Resources, Inc.
388,933    
46,821
 
EOG Resources, Inc.
3,447,899  
17,376
 
Helmerich & Payne, Inc.
445,347    
63,055
 
Marathon Oil Corp.
709,999    
 
 
TOTAL
6,787,985
 
 
Financials—12.8%
 
945
1
Alleghany Corp.
641,627    
44,999
 
Allstate Corp.
5,705,873  
28,214
 
Ally Financial, Inc.
1,451,610  
4,068
 
Ameriprise Financial, Inc.
1,051,171  
130,312
 
Bank of New York Mellon Corp.
6,499,962  
4,747
 
Equitable Holdings, Inc.
162,490    
2,685
 
Fidelity National Financial, Inc.
122,490    
18,518
 
Interactive Brokers Group, Inc., Class A
1,324,407  
13,333
 
Intercontinental Exchange, Inc.
1,569,427  
24,549
 
MetLife, Inc.
1,562,053  
10,736
 
MSCI, Inc., Class A
5,215,227  
13,379
 
NASDAQ, Inc.
2,161,244  
43,356
 
Northern Trust Corp.
4,933,913  
37,749
 
Prudential Financial, Inc.
3,788,490  
548
 
Signature Bank
137,827    
92,606
 
State Street Corp.
7,774,274  
30,595
 
The Travelers Cos., Inc.
4,731,823  
17,710
 
Tradeweb Markets, Inc.
1,439,469  
38,383
 
Zions Bancorporation, N.A.
2,141,771  
 
 
TOTAL
52,415,148
 
 
Health Care—14.4%
 
6,343
 
Abbott Laboratories
761,667    
32,266
 
AbbVie, Inc.
3,597,659  
23,240
 
Amgen, Inc.
5,569,233  
40,396
1
AnaptysBio, Inc.
943,247    
6,580
 
Anthem, Inc.
2,496,386  
47,299
1
Avantor, Inc.
1,515,460  
5,128
 
Cerner Corp.
384,856    
15,619
 
CVS Health Corp.
1,193,292  
22,860
1
Davita, Inc.
2,663,876  
4,250
1
Denali Therapeutics, Inc.
256,870    
20,683
 
Eli Lilly & Co.
3,780,232  
3,926
1
Haemonetics Corp.
264,063    
23,314
1
Hologic, Inc.
1,528,233  
5,390
 
Humana, Inc.
2,399,844  
1,807
1
IDEXX Laboratories, Inc.
992,025    
14,265
1
IQVIA Holdings, Inc.
3,347,853  
10,787
1
Jazz Pharmaceuticals PLC
1,773,383  
25,357
 
Johnson & Johnson
4,126,345  
38,540
 
McKesson Corp.
7,228,562  
2
Shares
 
 
Value
         
 
COMMON STOCKS—continued
 
 
 
Health Care—continued
 
50,137
 
Merck & Co., Inc.
$3,735,206  
37,635
1
Myriad Genetics, Inc.
1,137,330  
4,732
1
United Therapeutics Corp.
953,782    
6,649
1
Veeva Systems, Inc.
1,878,010  
5,006
1
Waters Corp.
1,501,149  
28,585
 
Zoetis, Inc.
4,946,062  
 
 
TOTAL
58,974,625
 
 
Industrials—8.7%
 
10,871
 
AGCO Corp.
1,586,296  
8,201
 
Allegion PLC
1,102,050  
18,699
1
Astronics Corp.
325,550    
57,393
 
Carrier Global Corp.
2,501,187  
28,412
1
CIRCOR International, Inc.
976,520    
4,260
 
Curtiss Wright Corp.
544,854    
11,623
 
Flowserve Corp.
460,736    
12,880
 
Fortune Brands Home & Security, Inc.
1,352,142  
5,908
1
Generac Holdings, Inc.
1,913,897  
28,638
1
IAA Spinco, Inc.
1,798,753  
182,700
1
KAR Auction Services, Inc.
2,738,673  
736
 
Lennox International, Inc.
246,810    
33,501
1
Lyft, Inc.
1,864,666  
37,452
 
Masco Corp.
2,392,434  
134,208
 
Otis Worldwide Corp.
10,450,777 
34,819
 
Ryder System, Inc.
2,779,949  
30,349
 
Spirit AeroSystems Holdings, Inc., Class A
1,386,646  
11,956
1
SPX Corp.
725,251    
1,461
 
United Parcel Service, Inc.
297,839    
 
 
TOTAL
35,445,030
 
 
Information Technology—25.1%
 
2,339
1
Adobe, Inc.
1,189,007  
16,358
 
Alliance Data Systems Corp.
1,927,790  
6,095
1
Ambarella, Inc.
594,202    
107,832
 
Apple, Inc.
14,175,595 
16,812
 
Applied Materials, Inc.
2,231,120  
3,768
1
Arista Networks, Inc.
1,187,561  
35,739
1
Arrow Electronics, Inc.
4,076,748  
8,490
 
Broadcom, Inc.
3,873,138  
6,249
1
Cadence Design Systems, Inc.
823,431    
23,369
1
Cirrus Logic, Inc.
1,738,887  
890
 
Citrix Systems, Inc.
110,226    
15,259
1
Crowdstrike Holdings, Inc.
3,181,654  
15,126
1
Dell Technologies, Inc.
1,487,340  
115,569
1
DXC Technology Co.
3,803,376  
5,492
1
EPAM Systems, Inc.
2,513,963  
27,998
1
Fortinet, Inc.
5,718,031  
1,816
1
Gartner, Inc., Class A
355,718    
50,473
 
HP, Inc.
1,721,634  
7,214
1
HubSpot, Inc.
3,797,810  
46,303
 
Intel Corp.
2,663,812  
8,352
1
MA-COM Technology Solutions Holdings, Inc.
472,807    
5,562
 
Mastercard, Inc.
2,125,018  
45,610
 
Microsoft Corp.
11,501,930 
3
Shares
 
 
Value
         
 
COMMON STOCKS—continued
 
 
 
Information Technology—continued
 
1,283
 
Motorola, Inc.
$241,589    
7,153
 
NVIDIA Corp.
4,294,518  
31,510
 
Oracle Corp.
2,388,143  
6,678
1
Palo Alto Networks, Inc.
2,359,938  
25,886
 
Paychex, Inc.
2,523,626  
631
1
Paycom Software, Inc.
242,563    
9,396
1
Paylocity Corp.
1,815,683  
15,923
1
PayPal Holdings, Inc.
4,176,444  
40,911
1
Plantronics, Inc.
1,636,031  
37,764
 
Qualcomm, Inc.
5,241,643  
8,530
1
ServiceNow, Inc.
4,319,336  
61,353
 
Western Union Co.
1,580,453  
19,682
 
Xerox Holdings Corp.
475,123    
 
 
TOTAL
102,565,888
 
 
Materials—3.9%
 
83,199
1
Alcoa Corp.
3,048,411  
46,545
1
Allegheny Technologies, Inc.
1,082,637  
40,973
1
Berry Global Group, Inc.
2,606,702  
142,366
 
Chemours Co./The
4,299,453  
44,257
1
Domtar, Corp.
1,744,611  
31,700
 
Dow, Inc
1,981,250  
4,283
1
Ingevity Corp.
334,417    
7,551
 
RPM International, Inc.
716,137    
 
 
TOTAL
15,813,618
 
 
Real Estate—2.2%
 
11,565
 
Coresite Realty Corp.
1,405,032  
11,256
 
Extra Space Storage, Inc.
1,673,655  
12,177
2
Iron Mountain, Inc.
488,541    
76,810
 
Macerich Co. (The)
1,059,210  
14,125
 
Public Storage
3,971,385  
8,122
 
SL Green Realty Corp.
601,109    
 
 
TOTAL
9,198,932
 
 
Utilities—1.5%
 
44,295
 
Exelon Corp.
1,990,617  
44,479
 
OGE Energy Corp.
1,492,715  
27,373
 
Public Service Enterprises Group, Inc.
1,728,879  
46,471
 
Vistra Corp.
783,966    
 
 
TOTAL
5,996,177
 
 
TOTAL COMMON STOCKS
(IDENTIFIED COST $299,957,688)
401,749,874
 
 
INVESTMENT COMPANIES—1.9%
 
497,268
 
Federated Hermes Government Obligations Fund, Premier Shares, 0.02%3
497,268    
7,112,839
 
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.05%3
7,114,261  
 
 
TOTAL INVESTMENT COMPANIES
(IDENTIFIED COST $7,611,529)
7,611,529
 
 
TOTAL INVESTMENT IN SECURITIES—100.2%
(IDENTIFIED COST $307,569,217)
409,361,403
 
 
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4
(847,324)
 
 
TOTAL NET ASSETS—100%
$408,514,079
4
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5
An affiliated company is a company in which the Fund, alone or in combination with other funds, has ownership of at least 5% of the voting shares. Transactions with the affiliated companies during the period ended April 30, 2021, were as follows:  
 
Value as of
7/31/2020
Purchases
at Cost*
Proceeds
from Sales*
Change in
Unrealized
Appreciation/
Depreciation
Net
Realized Gain/
(Loss)*
Value as of
4/30/2021
Shares
Held as of
4/30/2021
Dividend
Income*
Consumer Discretionary:
 
 
 
 
 
 
 
 
Wingstop, Inc.**
$3,630,781
$—
$(3,030,489)
$(767,773)
$299,595
$132,114
834
$101,256
Health Care:
 
 
 
 
 
 
 
 
AnaptysBio, Inc.**
$759,600
$—
$(41,092)
$212,224
$12,515
$943,247
40,396
$—
TOTAL OF AFFILIATED
COMPANIES TRANSACTIONS
$4,390,381
$—
$(3,071,581)
$(555,549)
$312,110
$1,075,361
41,230
$101,256
 
*
A portion of the amount shown was recorded when the Fund no longer had ownership of at least 5% of the voting shares.
**
At April 30, 2021, the Fund no longer has ownership of at least 5% voting shares.
Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended April 30, 2021, were as follows:  
 
Federated Hermes
Government
Obligations Fund
Premier Shares*
Federated Hermes
Institutional
Prime Value
Obligations Fund
Institutional Shares
Total of
Affiliated
Transactions
Value as of 7/31/2020
$7,296,777
$5,679,483
$12,976,260
Purchases at Cost
$15,774,467
$122,516,169
$138,290,636
Proceeds from Sales
$(22,573,976)
$(121,081,186)
$(143,655,162)
Change in Unrealized Appreciation/Depreciation
N/A
$521
$521
Net Realized Gain/(Loss)
N/A
$(726)
$(726)
Value as of 4/30/2021
$497,268
$7,114,261
$7,611,529
Shares Held as of 4/30/2021
497,268
7,112,839
7,610,107
Dividend Income
$1,407
$5,293
$6,700
 
*
All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.
 
1
Non-income-producing security.
2
All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of April 30, 2021, securities subject to this type of arrangement and
related collateral were as follows:
 
Market Value of
Securities Loaned
Collateral
Received
$483,647
$497,268
 
3
7-day net yield.
4
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total net assets at April 30, 2021.
Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.
■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs.
■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Fund’s Board of Trustees (the “Trustees”).
■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations.
■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Trustees.
■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Trustees, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer’s financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Fund’s valuation policies and procedures, or if information furnished by a pricing service, in the opinion of the valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.
Fair Valuation Procedures
The Trustees have ultimate responsibility for determining the fair value of investments for which market quotations are not readily available. The Trustees have appointed a Valuation Committee comprised of officers of the Fund, Federated MDTA LLC (the “Adviser”), and certain of the Adviser’s affiliated companies to assist in determining fair value and in overseeing the calculation of the NAV. The Trustees have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services’ policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Trustees. The Trustees periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Trustees.
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
As of April 30, 2021, all investments of the Fund utilized Level 1 inputs in valuing the Fund’s assets carried at fair value.