Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—48.9%
|
|
|
|
Belgium—0.8%
|
|
63,500
|
|
D’Ieteren Group
|
$10,351,502
|
|
|
Canada—6.4%
|
|
109,933
|
|
Canadian Tire Corp. Ltd.
|
13,041,933
|
1,834,400
|
|
Lundin Mining Corp.
|
14,227,733
|
237,003
|
|
Magna International, Inc.
|
13,940,940
|
344,715
|
|
Methanex Corp.
|
14,669,266
|
392,800
|
|
Open Text Corp.
|
15,828,863
|
237,628
|
|
Toronto Dominion Bank
|
14,494,745
|
|
|
TOTAL
|
86,203,480
|
|
|
Chile—0.4%
|
|
325,200
|
|
Antofagasta PLC
|
5,944,016
|
|
|
China—1.0%
|
|
10,378,000
|
|
Weichai Power Co. Ltd., Class H
|
13,432,935
|
|
|
Colombia—0.1%
|
|
34,600
|
|
Tecnoglass, Inc.
|
1,348,362
|
|
|
France—5.9%
|
|
145,400
|
|
Ipsos
|
7,272,231
|
426,600
|
|
Michelin (CDGE)
|
13,328,529
|
219,178
|
|
Publicis Groupe
|
17,078,929
|
81,100
|
|
Teleperformance
|
11,224,426
|
228,100
|
|
TotalEnergies SE
|
14,343,709
|
136,657
|
|
Vinci SA
|
15,210,776
|
|
|
TOTAL
|
78,458,600
|
|
|
Germany—4.5%
|
|
388,800
|
|
Daimler Truck Holding AG
|
13,689,050
|
555,781
|
|
Deutsche Telekom AG, Class REG
|
11,897,993
|
294,200
|
1
|
flatexDEGIRO
|
2,580,901
|
64,200
|
|
Hannover Rueckversicherung SE
|
13,662,264
|
46,400
|
|
Munich Reinsurance Company
|
18,022,771
|
|
|
TOTAL
|
59,852,979
|
|
|
Ireland—2.8%
|
|
4,889,054
|
1
|
Greencore Group plc
|
5,198,802
|
98,100
|
1
|
Jazz Pharmaceuticals plc
|
14,063,616
|
423,188
|
|
Smurfit Kappa Group plc
|
17,791,987
|
|
|
TOTAL
|
37,054,405
|
|
|
Italy—0.1%
|
|
2,474,314
|
1
|
Trevi Finanziaria S.p.A.
|
826,371
|
|
|
Japan—5.8%
|
|
809,700
|
|
Daicel Corp.
|
6,757,496
|
104,900
|
|
Daito Trust Construction Co. Ltd.
|
11,568,791
|
521,400
|
|
Honda Motor Co. Ltd.
|
16,816,995
|
461,300
|
|
KDDI Corp.
|
13,729,904
|
811,200
|
|
Marubeni Corp.
|
13,201,330
|
186,800
|
|
Sony Group Corp.
|
15,543,513
|
|
|
TOTAL
|
77,618,029
|
Shares
|
|
|
Value in
U.S. Dollars
|
|
|
COMMON STOCKS—continued
|
|
|
|
Netherlands—1.1%
|
|
443,800
|
|
Koninklijke Ahold NV
|
$14,513,434
|
|
|
Norway—3.0%
|
|
763,944
|
|
DNB Bank ASA
|
15,115,793
|
424,949
|
|
SpareBanken Vest
|
4,321,043
|
835,453
|
|
SpareBank 1 SR-Bank ASA
|
10,109,592
|
307,200
|
|
Yara International ASA
|
11,231,044
|
|
|
TOTAL
|
40,777,472
|
|
|
Puerto Rico—1.0%
|
|
194,000
|
|
Popular, Inc.
|
13,246,320
|
|
|
Russia—0.0%
|
|
8,422,100
|
1,2
|
Alrosa AO
|
0
|
|
|
Singapore—1.1%
|
|
672,899
|
|
United Overseas Bank Ltd.
|
14,149,130
|
|
|
South Korea—5.7%
|
|
236,500
|
|
Kia Corp.
|
14,332,133
|
103,600
|
|
LG Electronics, Inc.
|
7,705,930
|
1,316,380
|
|
LG Uplus Corp.
|
10,399,811
|
312,712
|
|
Samsung Electronics Co. Ltd.
|
15,819,709
|
388,440
|
|
Shinhan Financial Group Co. Ltd.
|
10,434,934
|
183,900
|
|
SK Hynix, Inc.
|
16,930,406
|
|
|
TOTAL
|
75,622,923
|
|
|
Sweden—1.8%
|
|
448,600
|
|
Duni AB
|
4,094,816
|
352,326
|
|
Loomis AB
|
9,317,155
|
670,300
|
|
SKF Ab, Class B
|
10,838,456
|
|
|
TOTAL
|
24,250,427
|
|
|
Switzerland—1.2%
|
|
162,166
|
|
Novartis AG
|
16,321,172
|
|
|
Thailand—0.3%
|
|
1,564,700
|
|
Tisco Financial Group PCL
|
4,602,944
|
|
|
United Kingdom—5.9%
|
|
405,226
|
|
BELLWAY PLC
|
10,934,321
|
936,472
|
|
Inchcape PLC
|
9,028,695
|
41,266
|
|
Linde PLC
|
15,971,592
|
712,189
|
|
Mondi PLC, SAF
|
11,910,019
|
153,406
|
|
Mondi PLC, UK
|
2,566,900
|
175,426
|
|
Next PLC
|
15,515,832
|
132,300
|
1
|
Nomad Foods Ltd.
|
2,426,382
|
7,671,464
|
|
Taylor Wimpey PLC
|
11,064,458
|
|
|
TOTAL
|
79,418,199
|
|
|
TOTAL COMMON STOCKS
(IDENTIFIED COST $552,043,393)
|
653,992,700
|
|
|
WARRANTS—0.0%
|
|
|
|
Italy—0.0%
|
|
17,191
|
1
|
Trevi Finanziaria S.p.A., Warrants
(IDENTIFIED COST $1,427,898)
|
11,185
|
|
|
INVESTMENT COMPANIES—50.6%
|
|
11,742,991
|
|
Federated Hermes Government Obligations Fund, Premier Shares, 5.23%3
|
11,742,991
|
14,277,483
|
|
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 5.43%3
|
14,277,483
|
Shares
|
|
|
Value in
U.S. Dollars
|
|
|
INVESTMENT COMPANIES—continued
|
|
49,673,831
|
|
Federated Hermes International Growth Fund, Institutional Shares
|
$650,727,190
|
|
|
TOTAL INVESTMENT COMPANIES
(IDENTIFIED COST $602,084,794)
|
676,747,664
|
|
|
TOTAL INVESTMENT IN SECURITIES—99.5%
(IDENTIFIED COST $1,155,556,085)
|
1,330,751,549
|
|
|
OTHER ASSETS AND LIABILITIES - NET—0.5%4
|
6,908,247
|
|
|
TOTAL NET ASSETS—100%
|
$1,337,659,796
|
|
Federated Hermes
Government
Obligations Fund,
Premier Shares
|
Federated Hermes
Institutional
Prime Value
Obligations Fund,
Institutional Shares
|
Federated Hermes
International
Growth Fund,
Institutional Shares*
|
Total of
Affiliated
Transactions
|
Value as of 5/31/2023
|
$9,284,994
|
$5,590,881
|
$662,979,546
|
$677,855,421
|
Purchases at Cost
|
$41,623,679
|
$13,939,514
|
$—
|
$55,563,193
|
Proceeds from Sales
|
$(39,165,682)
|
$(5,255,616)
|
$(8,000,000)
|
$(52,421,298)
|
Change in Unrealized
Appreciation/Depreciation
|
$—
|
$2,556
|
$(2,671,008)
|
$(2,668,452)
|
Net Realized
Gain/(Loss)
|
$—
|
$148
|
$(1,581,348)
|
$(1,581,200)
|
Value as of 8/31/2023
|
$11,742,991
|
$14,277,483
|
$650,727,190
|
$676,747,664
|
Shares Held as of 8/31/2023
|
11,742,991
|
14,277,483
|
49,673,831
|
75,694,305
|
Dividend Income
|
$144,313
|
$173,493
|
$—
|
$317,806
|
Valuation Inputs
|
|
|
|
|
|
Level 1—
Quoted
Prices
|
Level 2—
Other
Significant
Observable
Inputs
|
Level 3—
Significant
Unobservable
Inputs
|
Total
|
Equity Securities:
|
|
|
|
|
Common Stocks
|
|
|
|
|
International
|
$133,259,752
|
$520,732,948
|
$0
|
$653,992,700
|
Warrants
|
|
|
|
|
International
|
11,185
|
—
|
—
|
11,185
|
Investment Companies
|
676,747,664
|
—
|
—
|
676,747,664
|
TOTAL SECURITIES
|
$810,018,601
|
$520,732,948
|
$0
|
$1,330,751,549
|