0001145549-23-005976.txt : 20230210 0001145549-23-005976.hdr.sgml : 20230210 20230210090928 ACCESSION NUMBER: 0001145549-23-005976 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230210 DATE AS OF CHANGE: 20230210 EFFECTIVENESS DATE: 20230210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federated Hermes Adviser Series CENTRAL INDEX KEY: 0001707560 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23259 FILM NUMBER: 23608805 BUSINESS ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 BUSINESS PHONE: 1-800-341-7400 MAIL ADDRESS: STREET 1: 4000 ERICSSON DRIVE CITY: WARRENDALE STATE: PA ZIP: 15086-7561 FORMER COMPANY: FORMER CONFORMED NAME: Federated Adviser Series DATE OF NAME CHANGE: 20200616 FORMER COMPANY: FORMER CONFORMED NAME: Federated Hermes Adviser Series DATE OF NAME CHANGE: 20200615 FORMER COMPANY: FORMER CONFORMED NAME: Federated Adviser Series DATE OF NAME CHANGE: 20180820 0001707560 S000065055 Federated Hermes Global Equity Fund C000210638 Class C Shares C000210639 Class R6 Shares FGERX C000210640 Institutional Shares FHGIX C000210641 Class A Shares 0001707560 S000065056 Federated Hermes Global Small Cap Fund C000210642 Class C Shares C000210643 Class R6 Shares FHSRX C000210644 Institutional Shares FHSIX C000210645 Class A Shares 0001707560 S000065852 Federated Hermes International Developed Equity Fund C000212736 Institutional Shares HIEIX C000212737 Class A Shares C000212738 Class C Shares C000212739 Class R6 Shares HIERX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001707560 XXXXXXXX true false false N-1A S000065055 true S000065056 true S000065852 true Federated Hermes Adviser Series 811-23259 0001707560 2549001OZ5PPTI84LJ34 Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 US-PA US 8003417400 Federated Hermes Adviser Series Federated Hermes Funds 4000 Ericsson Drive Warrendale 15086-7561 8003417400 Registrant - All records required to be maintained that are not maintained by other service providers. Federated Administrative Services 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Administrator - Records include but are not limited to those related to calculation of NAV, income and expense accruals, securities pricing, preparation of regulatory documents, financial books and records, performance calculations and tax related documents. Federated Securities Corp. 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Distributor - Records include but are not limited to trade blotters, asset and liability ledgers, income and expense ledgers, capital account ledgers, customer account ledgers, securities records, order tickets and trade confirmations. Federated Advisory Services Company 1001 Liberty Avenue Pittsburgh 15222-3779 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. The Bank of New York Mellon One Wall Street New York 10286 5088714582 Custodian - Fund securities and cash records. DST Asset Manager Solutions, Inc. P.O. Box 219318 Kansas City 64121-9318 8168714100 Transfer Agent and Dividend Disbursing Agent - Fund shareholder records Federated Global Investment Management Corp. 101 Park Avenue 41st Floor New York 10178-0002 4122881900 Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. Hermes Investment Management Limited 150 Cheapside Sixth Floor London GB EC2V 6ET 4122881900 Sub Advisor - All investment advisor records required to be maintained that are not maintained by other service providers. N N N-1A 12 Y J. Christopher Donahue 000814703 Y John T. Collins N/A N G. Thomas Hough N/A N Maureen Lally-Green N/A N Thomas M. O'Neill N/A N P. Jerome Richey N/A N John S. Walsh N/A N Madelyn A. Reilly N/A N John B. Fisher N/A Y Stephen Van Meter 006020413 1001 Liberty Avenue Pittsburgh 15222-3779 XXXXXX N N N N N N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 Y N KPMG LLP 00185 N/A N N N N N N N Federated Hermes Global Equity Fund S000065055 254900FESUO721DW0C36 N 4 0 0 N/A N N Y N Citibank N.A. E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Global Investment Management Corp. 801-49470 000106277 5493008BQP6LF8CO4D97 N Hermes Investment Management Limited 801-71218 000153104 JSIUP508MD2LG5X2QY79 Y GB N DST Asset Manager Solutions, Inc. 084-00896 N/A N N N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS Markit (Markit North America) 549300HLPTRASHS0E726 N JPMorgan PricingDirect 549300WIC0TOJ7N7GD54 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Virtu ITG LLC 549300S41SMIODVIT266 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Banco de Chile 8B4EZFY8IHJC44TT2K84 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. 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Hungarian Branch Office ATUEL7OJR5057F2PV266 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank N.A. 1P0UUG7LC1S92QTNHG39 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Credit Suisse (Switzerland) Ltd. 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DBS Bank Ltd ATUEL7OJR5057F2PV266 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank (Malaysia) Berhad 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank A.S. 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG 529900BYFVEGGOM24P36 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG N/A PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank AG 529900BSQ2VSODGMGR72 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ESES FRANCE BEARER N/A FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ESES FRANCE REGISTERED N/A FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) HSBC Bank (China) Company Limited 2CZOJRADNJXBLT55G526 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank (Taiwan) Limited N/A TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Egypt 2138001Q77JDLESS4Y50 EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC HK BOND CONNECT - OFFSHORE N/A HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC NEW ZEALAND 213800NHDWIZKO5KIH05 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) NATIONAL BANK OF BELGIUM N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) PJSC ROSBANK HOXMZG026UQNRK6J0C60 RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Santander Securities Services, S.A.U. 95980020140005970915 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank RILFO74KP1CM8P6PCT96 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Bank of New York Mellon SA/NV MMYX0N4ZEZ13Z4XCG897 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon SA/NV MMYX0N4ZEZ13Z4XCG897 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main 5299008ORSGF0TGLSC98 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 ABG, LLC 8-69247-1 000167190 54930020NXD0RJB64985 110.860000000000 Berenberg Capital Markets LLC 8-68821-1 000156757 5493007EG0CYRKKG9L11 353.420000000000 BMO Capital Markets Corp. 8-34344-1 000016686 RUC0QBLBRPRCU4W1NE59 147.920000000000 CLSA Americas, LLC 8-69166-1 000165533 213800M2DXATWY7JMS07 133.110000000000 Credit Agricole Securities (USA) Inc. 8-13753-1 000000190 549300WO2DKF0Q3YMV43 127.680000000000 Instinet, LLC 8-23669-1 000007897 549300MGMN3RKMU8FT57 288.420000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 315.980000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 252.370000000000 Stifel, Nicolaus & Company, Incorporated 8-01447-1 000000793 5WUVMA08EYG4KEUPW589 257.960000000000 VIRTU Americas LLC 8-68193-1 000149823 549300RA02N3BNSWBV74 381.990000000000 2622.370000000000 0.000000000000 N 18540713.000000000000 0.000000000000 Committed 500000000.000000000000 N N N N Federated Hermes Global Small Cap Fund S000065056 2549000SKOVDMHXT3G71 N 0 0 4 N/A N N N N N/A N/A N/A N/A N N N N N N/A N/A XX N N N/A N/A XX N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N N 0.000000000000 0.000000000000 N 0.000000000000 0.000000000000 Federated Hermes International Developed Equity Fund S000065852 254900Q63EFAYMJC6L83 N 4 0 0 N/A N N Y N Citibank N.A. E57ODZWZ7FF32TWEFA76 N N Revenue sharing split N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Federated Advisory Services Company 801-62500 000128611 2549006YWZSXL9PUIY05 N Federated Global Investment Management Corp. 801-49470 000106277 5493008BQP6LF8CO4D97 N Hermes Investment Management Limited 801-71218 000153104 JSIUP508MD2LG5X2QY79 Y GB N DST Asset Manager Solutions, Inc. 084-00896 N/A N N N Bloomberg Finance L.P. 5493001KJTIIGC8Y1R12 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS Markit (Markit North America) 549300HLPTRASHS0E726 N JPMorgan PricingDirect 549300WIC0TOJ7N7GD54 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Virtu ITG LLC 549300S41SMIODVIT266 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Banco Bilbao Vizcaya Argentaria, S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank Europe Plc, Sucursal em Portugal N/A PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) DBS Bank Ltd ATUEL7OJR5057F2PV266 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ESES FRANCE BEARER N/A FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ESES FRANCE REGISTERED N/A FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC NEW ZEALAND 213800NHDWIZKO5KIH05 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) NATIONAL BANK OF BELGIUM N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Bank of New York Mellon SA/NV MMYX0N4ZEZ13Z4XCG897 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon SA/NV MMYX0N4ZEZ13Z4XCG897 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank of New York Mellon SA/NV, Asset Servicing, Niederlassung Frankfurt am Main 5299008ORSGF0TGLSC98 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UBS Switzerland AG 549300WOIFUSNYH0FL22 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 084-00896 SEC File Number N N N Federated Administrative Services 801-48206 SEC File Number Y N N Federated Securities Corp. 8-15561-1 000005009 254900FMT7XR4QROXG14 0.000000000000 ABG, LLC 8-69247-1 000167190 54930020NXD0RJB64985 367.010000000000 Berenberg Capital Markets LLC 8-68821-1 000156757 5493007EG0CYRKKG9L11 140.780000000000 Credit Agricole Securities (USA) Inc. 8-13753-1 000000190 549300WO2DKF0Q3YMV43 301.350000000000 Credit Suisse Securities (USA) LLC 8-00422-1 000000816 1V8Y6QCX6YMJ2OELII46 755.810000000000 DNB MARKETS, INC. 8-66024-1 000127605 549300JP2KNKSIPRRE59 134.940000000000 Instinet, LLC 8-23669-1 000007897 549300MGMN3RKMU8FT57 1336.740000000000 Jefferies LLC 8-15074-1 000002347 58PU97L1C0WSRCWADL48 881.020000000000 Nordea Bank AB N/A N/A 213800HW2E5VN9FK1Y53 SE 191.060000000000 RBC Capital Markets, LLC 8-45411-1 000031194 549300LCO2FLSSVFFR64 521.720000000000 VIRTU Americas LLC 8-68193-1 000149823 549300RA02N3BNSWBV74 116.630000000000 5098.970000000010 Morgan Stanley & Co. LLC 8-15869-1 000008209 9R7GPTSO7KV3UQJZQ078 345798.000000000000 345798.000000000000 N 17509714.611452100000 0.000000000000 Committed 500000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 icr_fhadviserseries.htm INTERNAL CONTROL REPORT - FEDERATED HERMES ADVISER SERIES

Report of Independent Registered Public Accounting Firm 

To the Board of Trustees of Federated Hermes Adviser Series and the Shareholders of the Funds: 

In planning and performing our audits of the financial statements of Federated Hermes Global Equity Fund and Federated Hermes International Developed Equity Fund (“the Funds”), each a series of the Federated Hermes Adviser Series, as of and for the year ended November 30, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. 

Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements will not be prevented or detected on a timely basis. 

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operations, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of November 30, 2022. 

This report is intended solely for the information and use of management and the Board of Trustees of the Federated Hermes Adviser Series and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. 

/s/ KPMG LLP 

Boston, Massachusetts
January 23, 2023