Shares
|
|
|
Value
|
|
|
COMMON STOCKS—97.9%
|
|
|
|
Communication Services—7.9%
|
|
6,499
|
1
|
Alphabet, Inc., Class A
|
$ 14,831,953
|
128,822
|
1
|
Altice USA, Inc.
|
1,195,468
|
65,486
|
1
|
Cars.com, Inc.
|
728,204
|
5,557
|
|
Electronic Arts, Inc.
|
656,004
|
9,940
|
1
|
Live Nation Entertainment, Inc.
|
1,042,507
|
37,287
|
1
|
Netflix, Inc.
|
7,097,954
|
11,155
|
|
News Corp., Inc., Class A
|
221,538
|
228,465
|
1
|
Pinterest, Inc.
|
4,688,102
|
15,724
|
1
|
Spotify Technology SA
|
1,598,345
|
28,070
|
1
|
TripAdvisor, Inc.
|
720,557
|
24,864
|
1
|
Walt Disney Co.
|
2,775,568
|
|
|
TOTAL
|
35,556,200
|
|
|
Consumer Discretionary—10.2%
|
|
5,821
|
|
Advance Auto Parts, Inc.
|
1,162,046
|
629
|
1
|
Amazon.com, Inc.
|
1,563,461
|
6,171
|
1
|
Aptiv PLC
|
656,594
|
564
|
1
|
AutoZone, Inc.
|
1,102,885
|
5,677
|
1
|
CROCs, Inc.
|
377,123
|
12,266
|
|
Dick’s Sporting Goods, Inc.
|
1,182,688
|
11,289
|
|
Domino’s Pizza, Inc.
|
3,815,682
|
26,664
|
1
|
Expedia Group, Inc.
|
4,659,534
|
19,262
|
|
Ford Motor Co.
|
272,750
|
60,570
|
|
Gap (The), Inc.
|
752,279
|
53,197
|
1
|
Goodyear Tire & Rubber Co.
|
708,584
|
3,008
|
|
Home Depot, Inc.
|
903,603
|
9,397
|
|
Lowe’s Cos., Inc.
|
1,858,069
|
707
|
1
|
Lululemon Athletica, Inc.
|
250,723
|
169,981
|
|
Macy’s, Inc.
|
4,108,441
|
14,778
|
|
Nike, Inc., Class B
|
1,842,817
|
42,129
|
|
Nordstrom, Inc.
|
1,082,715
|
27,406
|
1
|
Penn National Gaming, Inc.
|
1,002,237
|
19,222
|
1
|
SeaWorld Entertainment, Inc.
|
1,296,332
|
11,670
|
|
Starbucks Corp.
|
871,049
|
20,728
|
|
Target Corp.
|
4,739,457
|
1,462
|
1
|
Tesla, Inc.
|
1,273,051
|
9,315
|
1
|
Ulta Beauty, Inc.
|
3,696,192
|
29,295
|
|
V.F. Corp.
|
1,523,340
|
19,618
|
1
|
YETI Holdings, Inc.
|
958,732
|
32,942
|
|
Yum! Brands, Inc.
|
3,854,544
|
|
|
TOTAL
|
45,514,928
|
|
|
Consumer Staples—5.3%
|
|
56,627
|
|
Albertsons Cos., Inc.
|
1,771,293
|
9,831
|
1
|
BJ’s Wholesale Club Holdings, Inc.
|
632,625
|
26,682
|
|
Costco Wholesale Corp.
|
14,187,353
|
615
|
|
Estee Lauder Cos., Inc., Class A
|
162,397
|
3,429
|
|
Hershey Foods Corp.
|
774,165
|
50,897
|
|
Kroger Co.
|
2,746,402
|
Shares
|
|
|
Value
|
|
|
COMMON STOCKS—continued
|
|
|
|
Consumer Staples—continued
|
|
23,535
|
|
Molson Coors Beverage Company, Class B
|
$ 1,274,185
|
5,974
|
1
|
The Boston Beer Co., Inc., Class A
|
2,240,250
|
|
|
TOTAL
|
23,788,670
|
|
|
Energy—5.2%
|
|
6,402
|
|
Cheniere Energy, Inc.
|
869,456
|
3,611
|
|
Chevron Corp.
|
565,735
|
6,400
|
|
ConocoPhillips
|
611,328
|
13,783
|
|
EOG Resources, Inc.
|
1,609,303
|
21,224
|
|
Exxon Mobil Corp.
|
1,809,346
|
63,055
|
|
Marathon Oil Corp.
|
1,571,331
|
135,635
|
|
Marathon Petroleum Corp.
|
11,835,510
|
58,493
|
|
Occidental Petroleum Corp.
|
3,222,379
|
16,550
|
|
Targa Resources, Inc.
|
1,214,936
|
|
|
TOTAL
|
23,309,324
|
|
|
Financials—11.0%
|
|
2,740
|
|
American Express Co.
|
478,705
|
97,390
|
|
Bank of New York Mellon Corp.
|
4,096,223
|
6,747
|
|
Berkley, W. R. Corp.
|
448,608
|
31,963
|
|
Carlyle Group LP/The
|
1,159,937
|
14,798
|
|
Fidelity National Financial, Inc.
|
589,256
|
15,752
|
|
Gallagher (Arthur J.) & Co.
|
2,654,055
|
22,626
|
1
|
Green Dot Corp.
|
599,137
|
26,160
|
|
Houlihan Lokey, Inc.
|
2,178,866
|
35,342
|
|
Interactive Brokers Group, Inc., Class A
|
2,104,970
|
310
|
1
|
Markel Corp.
|
419,517
|
16,827
|
|
Marketaxess Holdings, Inc.
|
4,435,765
|
9,427
|
|
MSCI, Inc., Class A
|
3,971,124
|
22,526
|
|
NASDAQ, Inc.
|
3,544,917
|
43,356
|
|
Northern Trust Corp.
|
4,467,836
|
39,113
|
|
Prudential Financial, Inc.
|
4,244,152
|
4,853
|
|
Raymond James Financial, Inc.
|
472,973
|
19,307
|
1
|
SelectQuote, Inc.
|
39,772
|
31,698
|
|
State Street Corp.
|
2,122,815
|
25,604
|
|
The Travelers Cos., Inc.
|
4,379,820
|
142,729
|
|
Virtu Financial, Inc.
|
4,122,014
|
6,250
|
|
VOYA Financial, Inc.
|
394,625
|
38,383
|
|
Zions Bancorporation, N.A.
|
2,169,023
|
|
|
TOTAL
|
49,094,110
|
|
|
Health Care—14.3%
|
|
90,360
|
|
AbbVie, Inc.
|
13,272,077
|
9,876
|
|
Amgen, Inc.
|
2,302,984
|
40,396
|
1
|
AnaptysBio, Inc.
|
945,266
|
30,083
|
1
|
Biogen, Inc.
|
6,240,418
|
56,032
|
|
Bristol-Myers Squibb Co.
|
4,217,529
|
11,158
|
|
Bruker Corp.
|
641,473
|
7,788
|
|
Eli Lilly & Co.
|
2,275,108
|
71,885
|
1
|
Enovis Corp.
|
4,663,180
|
6,122
|
1
|
Envista Holdings Corp.
|
242,554
|
33,417
|
|
Gilead Sciences, Inc.
|
1,982,965
|
11,625
|
1
|
IQVIA Holdings, Inc.
|
2,534,134
|
17,309
|
|
Johnson & Johnson
|
3,123,582
|
17,483
|
|
McKesson Corp.
|
5,412,912
|
Shares
|
|
|
Value
|
|
|
COMMON STOCKS—continued
|
|
|
|
Health Care—continued
|
|
29,987
|
|
Merck & Co., Inc.
|
$ 2,659,547
|
37,635
|
1
|
Myriad Genetics, Inc.
|
771,517
|
3,995
|
1
|
United Therapeutics Corp.
|
709,352
|
26,190
|
1
|
Vertex Pharmaceuticals, Inc.
|
7,155,632
|
816
|
1
|
Waters Corp.
|
247,264
|
25,507
|
|
Zoetis, Inc.
|
4,521,116
|
|
|
TOTAL
|
63,918,610
|
|
|
Industrials—7.8%
|
|
14,408
|
|
3M Co.
|
2,077,922
|
10,871
|
|
AGCO Corp.
|
1,384,965
|
22,011
|
|
Alaska Air Group, Inc.
|
1,197,178
|
18,086
|
|
Allegion PLC
|
2,066,145
|
18,699
|
|
Astronics Corp.
|
181,193
|
28,412
|
1
|
CIRCOR International, Inc.
|
558,296
|
19,630
|
|
Emerson Electric Co.
|
1,770,233
|
12,843
|
|
Expeditors International Washington, Inc.
|
1,272,356
|
13,276
|
|
FedEx Corp.
|
2,638,472
|
12,880
|
|
Fortune Brands Home & Security, Inc.
|
917,700
|
4,654
|
|
General Electric Co.
|
346,956
|
4,341
|
1
|
Gibraltar Industries, Inc.
|
164,263
|
102,536
|
1
|
KAR Auction Services, Inc.
|
1,503,178
|
5,425
|
|
Lennox International, Inc.
|
1,156,556
|
14,625
|
|
Manpower, Inc.
|
1,319,175
|
37,452
|
|
Masco Corp.
|
1,973,346
|
44,658
|
|
Otis Worldwide Corp.
|
3,252,889
|
37,735
|
|
Ryder System, Inc.
|
2,637,677
|
10,799
|
1
|
Southwest Airlines Co.
|
504,529
|
11,956
|
1
|
SPX Corp.
|
500,956
|
12,469
|
|
Trane Technologies PLC
|
1,744,288
|
14,989
|
1
|
Trex Co., Inc.
|
872,210
|
77,959
|
1
|
XPO Logistics, Inc.
|
4,193,415
|
10,948
|
|
Xylem, Inc.
|
881,314
|
|
|
TOTAL
|
35,115,212
|
|
|
Information Technology—26.5%
|
|
15,093
|
|
Accenture PLC
|
4,533,333
|
102,223
|
|
Apple, Inc.
|
16,115,456
|
51,424
|
1
|
Arista Networks, Inc.
|
5,943,072
|
35,739
|
1
|
Arrow Electronics, Inc.
|
4,212,199
|
10,106
|
1
|
Box, Inc.
|
309,446
|
16,358
|
|
Bread Financial Holdings, Inc.
|
896,418
|
17,431
|
|
Broadcom, Inc.
|
9,663,572
|
21,864
|
1
|
Cirrus Logic, Inc.
|
1,657,291
|
9,243
|
1
|
Commvault Systems, Inc.
|
563,823
|
83,531
|
|
Dell Technologies, Inc.
|
3,926,792
|
91,114
|
1
|
DXC Technology Co.
|
2,614,972
|
4,461
|
|
Fidelity National Information Services, Inc.
|
442,308
|
8,856
|
1
|
FleetCor Technologies, Inc.
|
2,209,749
|
6,818
|
1
|
Fortinet, Inc.
|
1,970,470
|
1,816
|
1
|
Gartner, Inc., Class A
|
527,639
|
10,453
|
|
Global Payments, Inc.
|
1,431,852
|
17,451
|
|
Hewlett Packard Enterprise Co.
|
268,920
|
46,670
|
|
HP, Inc.
|
1,709,522
|
Shares
|
|
|
Value
|
|
|
COMMON STOCKS—continued
|
|
|
|
Information Technology—continued
|
|
15,825
|
|
Intel Corp.
|
$ 689,812
|
90,556
|
1
|
IPG Photonics Corp.
|
8,555,731
|
1,050
|
|
KLA Corp.
|
335,223
|
8,352
|
1
|
MA-COM Technology Solutions Holdings, Inc.
|
425,534
|
40,923
|
|
Microsoft Corp.
|
11,356,951
|
49,042
|
|
Oracle Corp.
|
3,599,683
|
3,883
|
1
|
Palo Alto Networks, Inc.
|
2,179,450
|
22,236
|
|
Paychex, Inc.
|
2,817,968
|
9,396
|
1
|
Paylocity Corp.
|
1,781,763
|
149,660
|
1
|
PayPal Holdings, Inc.
|
13,159,604
|
164,400
|
1
|
Pure Storage, Inc.
|
4,816,920
|
14,425
|
1
|
Qorvo, Inc.
|
1,641,277
|
23,164
|
|
Qualcomm, Inc.
|
3,235,779
|
66,109
|
|
Western Union Co.
|
1,107,987
|
19,682
|
|
Xerox Holdings Corp.
|
342,467
|
36,540
|
1
|
Zoom Video Communications, Inc.
|
3,638,288
|
|
|
TOTAL
|
118,681,271
|
|
|
Materials—3.5%
|
|
32,826
|
|
Alcoa Corp.
|
2,225,603
|
55,896
|
1
|
Berry Global Group, Inc.
|
3,149,739
|
2,894
|
|
CF Industries Holdings, Inc.
|
280,226
|
110,081
|
|
Chemours Co./The
|
3,640,379
|
34,432
|
|
Dow, Inc.
|
2,289,728
|
34,440
|
|
Mosaic Co./The
|
2,149,745
|
4,473
|
|
Nucor Corp.
|
692,331
|
12,286
|
|
Steel Dynamics, Inc.
|
1,053,524
|
|
|
TOTAL
|
15,481,275
|
|
|
Real Estate—4.6%
|
|
9,906
|
|
Crown Castle International Corp.
|
1,834,690
|
27,575
|
|
Extra Space Storage, Inc.
|
5,239,250
|
76,810
|
|
Macerich Co. (The)
|
963,965
|
106,015
|
|
National Storage Affiliates Trust
|
6,000,449
|
10,103
|
|
Outfront Media, Inc.
|
258,637
|
34,319
|
|
Rexford Industrial Realty, Inc.
|
2,678,255
|
8,801
|
|
SBA Communications, Corp.
|
3,054,915
|
8,112
|
2
|
SL Green Realty Corp.
|
561,513
|
|
|
TOTAL
|
20,591,674
|
|
|
Utilities—1.6%
|
|
6,512
|
|
CMS Energy Corp.
|
447,309
|
2,309
|
|
Entergy Corp.
|
274,425
|
48,448
|
|
Exelon Corp.
|
2,266,397
|
11,061
|
|
NextEra Energy, Inc.
|
785,552
|
37,132
|
|
OGE Energy Corp.
|
1,436,266
|
28,919
|
|
Public Service Enterprises Group, Inc.
|
2,014,498
|
|
|
TOTAL
|
7,224,447
|
|
|
TOTAL COMMON STOCKS
(IDENTIFIED COST $387,242,551)
|
438,275,721
|
|
|
INVESTMENT COMPANIES—2.3%
|
|
602,250
|
|
Federated Hermes Government Obligations Fund, Premier Shares, 0.26%3
|
602,250
|
Shares
|
|
|
Value
|
|
|
INVESTMENT COMPANIES—continued
|
|
9,897,018
|
|
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.37%3
|
$ 9,894,049
|
|
|
TOTAL INVESTMENT COMPANIES
(IDENTIFIED COST $10,494,672)
|
10,496,299
|
|
|
TOTAL INVESTMENT IN SECURITIES—100.2%
(IDENTIFIED COST $397,737,223)
|
448,772,020
|
|
|
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4
|
(887,903)
|
|
|
TOTAL NET ASSETS—100%
|
$447,884,117
|
Affiliated
|
Value as of
7/31/2021
|
Purchases
at Cost*
|
Proceeds
from Sales*
|
Change in
Unrealized
Appreciation/
Depreciation*
|
Net
Realized Gain/
(Loss)*
|
Value as of
4/30/2022
|
Shares
Held as of
4/30/2022
|
Dividend
Income*
|
Health Care:
|
|
|
|
|
|
|
|
|
AnaptysBio, Inc.
|
$928,300
|
$—
|
$—
|
$16,966
|
$—
|
$945,266
|
40,396
|
$—
|
Affiliated issuers no longer in the portfolio at period
end
|
$142,873
|
$136,013
|
$(203,498)
|
$(29,272)
|
$(46,116)
|
$—
|
—
|
$681
|
TOTAL OF AFFILIATED COMPANIES
TRANSACTIONS
|
$1,071,173
|
$136,013
|
$(203,498)
|
$(12,306)
|
$(46,116)
|
$945,266
|
40,396
|
$681
|
*
|
A portion of the amount shown was recorded when the Fund no longer had ownership of at least 5% of the voting shares.
|
|
Federated Hermes
Government
Obligations Fund
Premier Shares*
|
Federated Hermes
Institutional
Prime Value
Obligations Fund
Institutional Shares
|
Total of
Affiliated
Transactions
|
Value as of 7/31/2021
|
$—
|
$7,662,074
|
$7,662,074
|
Purchases at Cost
|
$23,584,927
|
$92,425,410
|
$116,010,337
|
Proceeds from Sales
|
$(22,982,677)
|
$(90,189,179)
|
$(113,171,856)
|
Change in Unrealized Appreciation/Depreciation
|
N/A
|
$1,627
|
$1,627
|
Net Realized Gain/(Loss)
|
N/A
|
$(5,883)
|
$(5,883)
|
Value as of 4/30/2022
|
$602,250
|
$9,894,049
|
$10,496,299
|
Shares Held as of 4/30/2022
|
602,250
|
9,897,018
|
10,499,268
|
Dividend Income
|
$217
|
$7,404
|
$7,621
|
Gain Distributions Received
|
$—
|
$1,383
|
$1,383
|
*
|
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, 2022, securities
subject to this type of arrangement and
related collateral were as follows:
|
Market Value of
Securities Loaned
|
Collateral
Received
|
$555,837
|
$602,250
|
3
|
7-day net yield.
|
4
|
Assets, other than investments in securities, less liabilities.
|