Shares
|
|
|
Value
|
|
|
COMMON STOCKS—98.3%
|
|
|
|
Communication Services—4.8%
|
|
1,136,466
|
1
|
Altice USA, Inc.
|
$3,852,620
|
545,040
|
|
AT&T, Inc.
|
7,913,981
|
273,325
|
|
Comcast Corp., Class A
|
12,370,689
|
36,419
|
|
Electronic Arts, Inc.
|
4,965,731
|
128,397
|
1
|
Match Group, Inc.
|
5,971,744
|
48,622
|
1
|
Meta Platforms, Inc.
|
15,490,969
|
38,844
|
|
Omnicom Group, Inc.
|
3,286,979
|
|
|
TOTAL
|
53,852,713
|
|
|
Consumer Discretionary—6.2%
|
|
139,745
|
1
|
Bright Horizons Family Solutions, Inc.
|
13,559,457
|
1,100,564
|
|
Gap (The), Inc.
|
11,335,809
|
26,168
|
|
McDonald's Corp.
|
7,672,458
|
260,048
|
|
PVH Corp.
|
23,310,703
|
15,138
|
1
|
Royal Caribbean Cruises Ltd.
|
1,651,707
|
55,380
|
|
Starbucks Corp.
|
5,624,947
|
45,390
|
|
Yum! Brands, Inc.
|
6,248,841
|
|
|
TOTAL
|
69,403,922
|
|
|
Consumer Staples—9.1%
|
|
177,115
|
|
Albertsons Cos., Inc.
|
3,848,709
|
99,512
|
|
Archer-Daniels-Midland Co.
|
8,454,540
|
103,847
|
|
Hershey Foods Corp.
|
24,020,850
|
51,845
|
|
Kellogg Co.
|
3,467,912
|
496,770
|
|
Kroger Co.
|
24,162,893
|
71,177
|
|
Molson Coors Beverage Company, Class B
|
4,966,019
|
123,805
|
|
PepsiCo, Inc.
|
23,208,485
|
58,559
|
|
Procter & Gamble Co.
|
9,152,772
|
|
|
TOTAL
|
101,282,180
|
|
|
Energy—7.0%
|
|
39,671
|
|
Chevron Corp.
|
6,492,556
|
684,475
|
|
Marathon Oil Corp.
|
17,981,158
|
236,093
|
|
Marathon Petroleum Corp.
|
31,405,091
|
39,286
|
|
Phillips 66
|
4,382,353
|
138,753
|
|
Valero Energy Corp.
|
17,886,649
|
|
|
TOTAL
|
78,147,807
|
|
|
Financials—21.3%
|
|
204,644
|
|
American International Group, Inc.
|
12,335,940
|
54,882
|
|
Ameriprise Financial, Inc.
|
19,123,633
|
15,602
|
|
Aon PLC
|
4,969,237
|
29,894
|
1
|
Arch Capital Group Ltd.
|
2,322,465
|
597,063
|
|
Bank of New York Mellon Corp.
|
27,082,778
|
21,132
|
1
|
Berkshire Hathaway, Inc., Class B
|
7,437,619
|
44,804
|
|
Cboe Global Markets, Inc.
|
6,258,223
|
30,141
|
|
Chubb Ltd.
|
6,161,122
|
41,951
|
|
CME Group, Inc.
|
8,346,571
|
89,656
|
|
Fidelity National Information Services, Inc.
|
5,413,429
|
157,812
|
|
Hartford Financial Services Group, Inc.
|
11,343,527
|
167,528
|
|
Interactive Brokers Group, Inc., Class A
|
14,630,220
|
Shares
|
|
|
Value
|
|
|
COMMON STOCKS—continued
|
|
|
|
Financials—continued
|
|
185,106
|
|
JPMorgan Chase & Co.
|
$29,239,344
|
123,556
|
|
Northern Trust Corp.
|
9,899,307
|
169,990
|
1
|
PayPal Holdings, Inc.
|
12,888,642
|
161,831
|
|
Popular, Inc.
|
11,740,839
|
107,863
|
|
Progressive Corp., OH
|
13,588,581
|
112,406
|
|
State Street Corp.
|
8,142,691
|
|
|
|
Value
|
151,728
|
|
The Travelers Cos., Inc.
|
26,189,770
|
|
|
TOTAL
|
237,113,938
|
|
|
Health Care—16.2%
|
|
148,467
|
|
Baxter International, Inc.
|
6,715,162
|
21,540
|
1
|
Biogen, Inc.
|
5,819,893
|
154,653
|
|
Bristol-Myers Squibb Co.
|
9,617,870
|
217,665
|
1
|
Centene Corp.
|
14,820,810
|
144,889
|
|
Dentsply Sirona, Inc.
|
6,015,791
|
844,639
|
1
|
Elanco Animal Health, Inc.
|
10,194,793
|
14,036
|
|
Elevance Health, Inc.
|
6,619,799
|
14,661
|
|
Eli Lilly & Co.
|
6,664,158
|
220,737
|
|
Gilead Sciences, Inc.
|
16,806,915
|
24,737
|
|
Humana, Inc.
|
11,300,604
|
247,496
|
|
Johnson & Johnson
|
41,463,005
|
17,664
|
|
McKesson Corp.
|
7,107,994
|
168,466
|
|
Merck & Co., Inc.
|
17,966,899
|
110,509
|
|
Pfizer, Inc.
|
3,984,955
|
288,147
|
1
|
Teladoc Health, Inc.
|
8,578,136
|
27,333
|
|
Teleflex, Inc.
|
6,865,230
|
|
|
TOTAL
|
180,542,014
|
|
|
Industrials—14.2%
|
|
86,450
|
|
3M Co.
|
9,639,175
|
88,342
|
|
AGCO Corp.
|
11,758,320
|
62,709
|
|
Caterpillar, Inc.
|
16,628,546
|
19,794
|
|
Lennox International, Inc.
|
7,273,107
|
75,708
|
|
Manpower, Inc.
|
5,971,847
|
64,243
|
|
Otis Worldwide Corp.
|
5,843,543
|
112,939
|
|
Pentair PLC
|
7,849,260
|
41,078
|
|
Robert Half, Inc.
|
3,045,934
|
91,528
|
1
|
SPX Technologies, Inc.
|
7,744,184
|
63,531
|
|
Stanley Black & Decker, Inc.
|
6,306,722
|
66,521
|
|
Trane Technologies plc
|
13,266,948
|
145,792
|
1
|
Uber Technologies, Inc.
|
7,210,872
|
360,648
|
1
|
United Airlines Holdings, Inc.
|
19,586,793
|
8,435
|
|
United Rentals, Inc.
|
3,919,576
|
26,757
|
|
Waste Management, Inc.
|
4,382,529
|
159,393
|
1
|
XPO, Inc.
|
11,036,371
|
152,023
|
|
Xylem, Inc.
|
17,140,593
|
|
|
TOTAL
|
158,604,320
|
|
|
Information Technology—8.0%
|
|
191,833
|
|
Cisco Systems, Inc.
|
9,982,989
|
88,378
|
|
Dell Technologies, Inc.
|
4,676,964
|
172,103
|
1
|
DXC Technology Co.
|
4,758,648
|
1,008,116
|
|
Hewlett Packard Enterprise Co.
|
17,521,056
|
29,574
|
|
Microchip Technology, Inc.
|
2,778,182
|
Shares
|
|
|
Value
|
|
|
COMMON STOCKS—continued
|
|
|
|
Information Technology—continued
|
|
212,196
|
1
|
Nutanix, Inc.
|
$6,408,319
|
90,416
|
1
|
Salesforce, Inc.
|
20,344,504
|
37,694
|
|
Skyworks Solutions, Inc.
|
4,311,063
|
206,928
|
|
Vishay Intertechnology, Inc.
|
5,825,023
|
173,764
|
1
|
Zoom Video Communications, Inc.
|
12,745,589
|
|
|
TOTAL
|
89,352,337
|
|
|
Materials—3.7%
|
|
192,685
|
|
Berry Global Group, Inc.
|
12,634,355
|
15,654
|
|
Linde PLC
|
6,115,548
|
117,206
|
|
Mosaic Co./The
|
4,777,317
|
421,853
|
|
Newmont Corp.
|
18,105,931
|
|
|
TOTAL
|
41,633,151
|
|
|
Real Estate—3.8%
|
|
471,425
|
|
Kilroy Realty Corp.
|
16,829,872
|
71,280
|
|
SBA Communications, Corp.
|
15,606,756
|
264,395
|
2
|
SL Green Realty Corp.
|
9,970,335
|
|
|
TOTAL
|
42,406,963
|
|
|
Utilities—4.0%
|
|
86,941
|
|
Consolidated Edison Co.
|
8,247,223
|
350,922
|
|
Exelon Corp.
|
14,689,595
|
121,931
|
|
Pinnacle West Capital Corp.
|
10,098,325
|
127,414
|
|
WEC Energy Group, Inc.
|
11,449,422
|
|
|
TOTAL
|
44,484,565
|
|
|
TOTAL COMMON STOCKS
(IDENTIFIED COST $939,066,369)
|
1,096,823,910
|
|
|
INVESTMENT COMPANIES—1.9%
|
|
2,791,784
|
|
Federated Hermes Government Obligations Fund, Premier Shares, 5.16%3
|
2,791,784
|
19,058,208
|
|
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 5.32%3
|
19,056,302
|
|
|
TOTAL INVESTMENT COMPANIES
(IDENTIFIED COST $21,845,343)
|
21,848,086
|
|
|
TOTAL INVESTMENT IN SECURITIES—100.2%
(IDENTIFIED COST $960,911,712)
|
1,118,671,996
|
|
|
OTHER ASSETS AND LIABILITIES - NET—(0.2)%4
|
(2,773,067)
|
|
|
TOTAL NET ASSETS—100%
|
$1,115,898,929
|
|
Federated Hermes
Government
Obligations Fund,
Premier Shares*
|
Federated Hermes
Institutional
Prime Value
Obligations Fund,
Institutional Shares
|
Total of
Affiliated
Transactions
|
Value as of 10/31/2022
|
$1,509,900
|
$21,312,846
|
$22,822,746
|
Purchases at Cost
|
$44,357,071
|
$155,021,167
|
$199,378,238
|
Proceeds from Sales
|
$(43,075,187)
|
$(157,289,318)
|
$(200,364,505)
|
Change in Unrealized Appreciation/Depreciation
|
$—
|
$2,815
|
$2,815
|
Net Realized Gain/(Loss)
|
$—
|
$8,792
|
$8,792
|
Value as of 7/31/2023
|
$2,791,784
|
$19,056,302
|
$21,848,086
|
Shares Held as of 7/31/2023
|
2,791,784
|
19,058,208
|
21,849,992
|
Dividend Income
|
$3,500
|
$687,710
|
$691,210
|
Market Value of
Securities on Loan
|
Collateral
Received
|
$2,770,478
|
$2,791,784
|