IMPORTANT INFORMATION REGARDING
THE FEDERATED HERMES FUNDS

SUPPLEMENT TO CURRENT PROSPECTUSES

Please add the following disclosure to the section entitled “What are the Fund’s Principal Investments?”, under the sub-section “Other Investments, Transactions, Techniques”:

“Additional Information Regarding the Security Selection Process

As part of analysis inherent in its security selection process, among other factors, the Adviser also evaluates whether environmental, social and governance factors could have positive or negative impact on the risk profiles of many issuers or guarantors in the universe of securities in which the Fund may invest. The Adviser may also consider information derived from active engagements conducted by its in-house stewardship team with certain issuers or guarantors. This qualitative analysis does not automatically result in including or excluding specific securities but is used by Federated Hermes as an additional input to improve portfolio risk/return characteristics.”

The Federated Hermes Funds include the following registrants and funds and all of their share classes:

FEDERATED HERMES FIXED INCOME SECURITIES, INC.

Federated Hermes Strategic Income Fund

FEDERATED HERMES HIGH INCOME BOND FUND, INC.

FEDERATED HERMES HIGH YIELD TRUST

Federated Hermes Equity Advantage Fund
Federated Hermes Opportunistic High Yield Bond Fund

Federated Hermes Income Securities Trust

Federated Hermes Intermediate Corporate Bond Fund
Federated Hermes Floating Rate Strategic Income Fund
Federated Hermes Short-Term Income Fund

Federated Hermes Institutional Trust

Federated Hermes Institutional High Yield Bond Fund
Federated Hermes Short-Intermediate Total Return Bond Fund

Federated Hermes Insurance Series

Federated Hermes High Income Bond Fund II
Federated Hermes Quality Bond Fund II

Federated Hermes International Series, Inc.

Federated Hermes Global Total Return Bond Fund

Federated Hermes Investment Series Funds, Inc.

Federated Hermes Corporate Bond Fund

Federated Hermes Managed Pool Series

Federated Hermes Corporate Bond Strategy Portfolio
Federated Hermes High Yield Strategy Portfolio
Federated Hermes International Bond Strategy Portfolio

Federated Hermes Municipal Bond Fund, Inc.

Federated Hermes Municipal Securities Income Trust

Federated Hermes Michigan Intermediate Municipal Fund
Federated Hermes Municipal High Yield Advantage Fund
Federated Hermes Ohio Municipal Income Fund
Federated Hermes Pennsylvania Municipal Income Fund

FEDERATED HERMES SHORT-INTERMEDIATE DURATION MUNICIPAL TRUST

Federated Hermes Short-Intermediate Municipal Fund

Federated HERMES Total Return Series, Inc.

Federated Hermes Total Return Bond Fund
Federated Hermes Ultrashort Bond Fund

Federated Hermes World Investment Series, Inc.

Federated Hermes Emerging Market Debt Fund

July 30, 2020

Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561

Federated Securities Corp., Distributor

Q455135 (7/20)