NPORT-EX 2 poi_fhstratincomefund.htm POI - FEDERATED HERMES STRATEGIC INCOME FUND EDGAR HTML
Federated Hermes Strategic Income Fund
Portfolio of Investments
February 28, 2021 (unaudited)  
Principal
Amount, Shares
or Contracts
 
 
Value
          
 
COMMON STOCKS—4.1%
 
 
 
Auto Components—0.3%
 
61,423
1
American Axle & Manufacturing Holdings, Inc.
$600,103    
36,011
1
Goodyear Tire & Rubber Co.
605,345    
4,305
 
Lear Corp.
715,017    
 
 
TOTAL
1,920,465
 
 
Chemicals—0.1%
 
26,865
1
Koppers Holdings, Inc.
897,560    
 
 
Commercial Services & Supplies—0.1%
 
9,395
 
Brinks Co. (The)
721,818    
 
 
Communications Equipment—0.1%
 
9,410
1
Lumentum Holdings, Inc.
846,900    
 
 
Containers & Packaging—0.4%
 
56,528
 
Graphic Packaging Holding Co.
897,099    
70,916
1
O-I Glass, Inc.
828,299    
18,293
 
WestRock Co.
797,392    
 
 
TOTAL
2,522,790
 
 
Electric Utilities—0.1%
 
17,685
 
NRG Energy, Inc.
645,679    
 
 
Gas Utilities—0.1%
 
54,391
 
Suburban Propane Partners LP
813,689    
 
 
Hotels Restaurants & Leisure—0.4%
 
20,965
1
Boyd Gaming Corp.
1,230,645  
44,770
1
Red Rock Resorts, Inc.
1,350,711  
 
 
TOTAL
2,581,356
 
 
Independent Power Producers & Energy Traders—0.1%
 
27,675
 
Vistra Corp.
477,394    
 
 
IT Services—0.1%
 
9,820
 
Science Applications International Corp.
845,797    
 
 
Media—0.9%
 
22,060
1
Altice USA, Inc.
741,437    
150,260
1
Cumulus Media, Inc.
1,456,019  
87,865
1
Emerald Holding, Inc.
480,622    
269,435
 
Entercom Communication Corp.
1,204,374  
56,585
1
iHeartMedia, Inc.
796,151    
3,830
 
Nexstar Media Group, Inc.
526,816    
45,485
 
Townsquare Media, Inc.
495,787    
 
 
TOTAL
5,701,206
 
 
Metals & Mining—0.3%
 
12,245
 
Compass Minerals International, Inc.
772,537    
49,470
 
Teck Resources Ltd.
1,030,460  
 
 
TOTAL
1,802,997
 
 
Oil Gas & Consumable Fuels—0.5%
 
40,594
 
Devon Energy Corp.
874,395    
17,485
 
Enviva Partners LP/Enviva Partners Finance Corp.
927,229    
5,966
 
Pioneer Natural Resources, Inc.
886,369    
1
Principal
Amount, Shares
or Contracts
 
 
Value
          
 
COMMON STOCKS—continued
 
 
 
Oil Gas & Consumable Fuels—continued
 
24,960
 
Sunoco LP
$763,776    
 
 
TOTAL
3,451,769
 
 
Pharmaceuticals—0.2%
 
36,685
1
Bausch Health Cos, Inc.
1,152,642  
6,202
1
Mallinckrodt PLC
2,422      
 
 
TOTAL
1,155,064
 
 
Technology Hardware Storage & Peripherals—0.3%
 
9,560
1
Dell Technologies, Inc.
775,029    
22,560
1
NCR Corp.
784,186    
 
 
TOTAL
1,559,215
 
 
Textiles Apparel & Luxury Goods—0.1%
 
26,540
 
Hanesbrands, Inc.
469,493    
 
 
TOTAL COMMON STOCKS
(IDENTIFIED COST $23,035,243)
26,413,192
 
 
CORPORATE BONDS—4.0%
 
 
 
Basic Industry - Chemicals—0.0%
 
$   135,000
 
Albemarle Corp., Sr. Unsecd. Note, 5.450%, 12/1/2044
160,800    
 
 
Basic Industry - Metals & Mining—0.0%
 
   200,000
 
Southern Copper Corp., Sr. Unsecd. Note, 6.750%, 4/16/2040
285,384    
 
 
Capital Goods - Aerospace & Defense—0.2%
 
   105,000
 
Boeing Co., Sr. Unsecd. Note, 2.950%, 2/1/2030
107,101    
   100,000
 
Boeing Co., Sr. Unsecd. Note, 3.625%, 2/1/2031
105,814    
    30,000
 
Boeing Co., Sr. Unsecd. Note, 3.950%, 8/1/2059
29,540     
   160,000
 
Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027
176,788    
    35,000
 
Leidos, Inc., Unsecd. Note, 144A, 3.625%, 5/15/2025
38,753     
   100,000
 
Leidos, Inc., Unsecd. Note, 144A, 4.375%, 5/15/2030
113,724    
   200,000
 
Lockheed Martin Corp., Sr. Unsecd. Note, 2.900%, 3/1/2025
214,498    
    85,000
 
Northrop Grumman Corp., Sr. Unsecd. Note, 3.250%, 1/15/2028
92,680     
   200,000
 
Textron, Inc., Sr. Unsecd. Note, 4.300%, 3/1/2024
218,247    
 
 
TOTAL
1,097,145
 
 
Capital Goods - Building Materials—0.0%
 
    20,000
 
Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029
21,575     
    50,000
 
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024
53,260     
    90,000
 
Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.550%, 10/1/2027
97,440     
    65,000
 
Carrier Global Corp., Sr. Unsecd. Note, 2.700%, 2/15/2031
67,103     
    35,000
 
Carrier Global Corp., Sr. Unsecd. Note, 2.722%, 2/15/2030
36,207     
 
 
TOTAL
275,585
 
 
Capital Goods - Construction Machinery—0.0%
 
   120,000
 
CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027
135,939    
 
 
Capital Goods - Diversified Manufacturing—0.0%
 
    85,000
 
General Electric Co., Sr. Unsecd. Note, 3.625%, 5/1/2030
92,855     
    35,000
 
Otis Worldwide Corp., Sr. Unsecd. Note, Series WI, 2.565%, 2/15/2030
36,088     
    40,000
 
Wabtec Corp., Sr. Unsecd. Note, 3.200%, 6/15/2025
42,700     
    65,000
 
Xylem, Inc., Sr. Unsecd. Note, 2.250%, 1/30/2031
65,973     
 
 
TOTAL
237,616
 
 
Communications - Cable & Satellite—0.1%
 
    65,000
 
Charter Communications Operating LLC, 5.375%, 5/1/2047
76,520     
    50,000
 
Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond,
3.850%, 4/1/2061
46,337     
   200,000
 
Comcast Corp., Sr. Unsecd. Note, 3.150%, 2/15/2028
218,994    
   100,000
 
Comcast Corp., Sr. Unsecd. Note, 3.400%, 4/1/2030
111,259    
2
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
CORPORATE BONDS—continued
 
 
 
Communications - Cable & Satellite—continued
 
$    30,000
 
Comcast Corp., Sr. Unsecd. Note, 3.450%, 2/1/2050
$31,841     
   200,000
 
Comcast Corp., Sr. Unsecd. Note, 3.950%, 10/15/2025
225,355    
 
 
TOTAL
710,306
 
 
Communications - Media & Entertainment—0.1%
 
    35,000
 
Alphabet, Inc., Sr. Unsecd. Note, 1.900%, 8/15/2040
31,530     
   100,000
 
Discovery Communications LLC, Sr. Unsecd. Note, 4.650%, 5/15/2050
116,207    
    65,000
 
Fox Corp, Sr. Unsecd. Note, Series WI, 4.709%, 1/25/2029
76,352     
   100,000
 
Fox Corp, Sr. Unsecd. Note, Series WI, 5.576%, 1/25/2049
131,849    
    70,000
 
Interpublic Group of Cos., Inc., Sr. Unsecd. Note, 3.375%, 3/1/2041
71,288     
   100,000
 
Omnicom Group, Inc., Sr. Unsecd. Note, 2.450%, 4/30/2030
102,001    
   100,000
 
ViacomCBS, Inc., Sr. Unsecd. Note, 4.950%, 1/15/2031
120,501    
   300,000
 
Walt Disney Co., Sr. Unsecd. Note, 3.000%, 9/15/2022
312,326    
 
 
TOTAL
962,054
 
 
Communications - Telecom Wireless—0.1%
 
   125,000
 
American Tower Corp., Sr. Unsecd. Note, 5.000%, 2/15/2024
140,325    
   100,000
 
Crown Castle International Corp., Sr. Unsecd. Note, 5.200%, 2/15/2049
126,148    
    50,000
 
T-Mobile USA, Inc., Sec. Fac. Bond, 144A, 3.875%, 4/15/2030
55,034     
    25,000
 
T-Mobile USA, Inc., Sec. Fac. Bond, 144A, 4.500%, 4/15/2050
27,815     
 
 
TOTAL
349,322
 
 
Communications - Telecom Wirelines—0.1%
 
    40,000
 
AT&T, Inc., Sr. Unsecd. Note, 3.850%, 6/1/2060
38,219     
   175,000
 
AT&T, Inc., Sr. Unsecd. Note, 144A, 2.550%, 12/1/2033
169,245    
    85,000
 
AT&T, Inc., Sr. Unsecd. Note, Series WI, 5.300%, 8/15/2058
103,764    
   152,000
 
Verizon Communications, Inc., Sr. Unsecd. Note, 4.672%, 3/15/2055
184,795    
 
 
TOTAL
496,023
 
 
Consumer Cyclical - Automotive—0.6%
 
   100,000
 
American Honda Finance Corp., Sr. Unsecd. Note, Series MTN, 0.875%, 7/7/2023
101,077    
   100,000
 
General Motors Co., Sr. Unsecd. Note, 5.200%, 4/1/2045
119,475    
    60,000
 
Hyundai Capital America, Sr. Unsecd. Note, 144A, 2.375%, 2/10/2023
61,920     
    25,000
 
Hyundai Capital America, Sr. Unsecd. Note, 144A, 2.375%, 10/15/2027
25,677     
 3,000,000
 
Hyundai Capital America, Sr. Unsecd. Note, 144A, 3.000%, 2/10/2027
3,190,969  
   120,000
 
Toyota Motor Credit Corp., Sr. Unsecd. Note, Series GMTN, 2.700%, 1/11/2023
125,314    
 
 
TOTAL
3,624,432
 
 
Consumer Cyclical - Retailers—0.1%
 
   100,000
 
Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030
111,553    
   100,000
 
Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 3.800%, 1/25/2050
107,694    
    45,000
 
AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030
53,117     
   175,000
 
CVS Health Corp., Sr. Unsecd. Note, 5.050%, 3/25/2048
221,375    
   100,000
 
Dollar Tree, Inc., Sr. Unsecd. Note, 3.700%, 5/15/2023
106,509    
   120,000
 
Home Depot, Inc., Sr. Unsecd. Note, 2.950%, 6/15/2029
130,552    
    65,000
 
O’Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031
62,271     
 
 
TOTAL
793,071
 
 
Consumer Cyclical - Services—0.1%
 
   250,000
 
Amazon.com, Inc., Sr. Unsecd. Note, 3.150%, 8/22/2027
277,261    
   200,000
 
Cintas Corp. No. 2, Sr. Unsecd. Note, 3.700%, 4/1/2027
226,460    
   100,000
 
Expedia Group, Inc., Sr. Unsecd. Note, 144A, 2.950%, 3/15/2031
99,085     
   100,000
 
IHS Markit Ltd., Sr. Unsecd. Note, 4.750%, 8/1/2028
117,747    
    80,000
 
Visa, Inc., Sr. Unsecd. Note, 2.750%, 9/15/2027
87,123     
 
 
TOTAL
807,676
3
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
CORPORATE BONDS—continued
 
 
 
Consumer Non-Cyclical - Food/Beverage—0.2%
 
$   150,000
 
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.900%, 2/1/2046
$180,965    
    50,000
 
Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.600%, 4/15/2048
58,102     
   150,000
 
Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 2.750%, 1/22/2030
154,008    
   100,000
 
Constellation Brands, Inc., Sr. Unsecd. Note, 5.250%, 11/15/2048
132,414    
   100,000
 
Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 5.085%, 5/25/2048
129,664    
   100,000
 
Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046
109,201    
    35,000
 
McCormick & Co., Inc., Sr. Unsecd. Note, 2.500%, 4/15/2030
36,234     
   125,000
 
PepsiCo, Inc., 2.750%, 4/30/2025
134,364    
    75,000
 
PepsiCo, Inc., Sr. Unsecd. Note, 3.625%, 3/19/2050
85,026     
 
 
TOTAL
1,019,978
 
 
Consumer Non-Cyclical - Health Care—0.0%
 
    55,000
 
Agilent Technologies, Inc., Sr. Unsecd. Note, 2.100%, 6/4/2030
55,359     
    40,000
 
Dentsply Sirona, Inc., Sr. Unsecd. Note, 3.250%, 6/1/2030
42,718     
    45,000
 
DH Europe Finance II S.a.r.l., Sr. Unsecd. Note, 2.600%, 11/15/2029
47,056     
   100,000
 
PerkinElmer, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029
108,039    
    35,000
 
Thermo Fisher Scientific, Inc., Sr. Unsecd. Note, 4.133%, 3/25/2025
39,179     
 
 
TOTAL
292,351
 
 
Consumer Non-Cyclical - Pharmaceuticals—0.2%
 
    90,000
 
AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029
97,373     
   150,000
 
Amgen, Inc., Sr. Unsecd. Note, 2.450%, 2/21/2030
154,622    
   200,000
 
AstraZeneca PLC, Sr. Unsecd. Note, 4.000%, 1/17/2029
230,349    
   200,000
 
Bayer US Finance II LLC, Sr. Unsecd. Note, 144A, 4.250%, 12/15/2025
225,438    
    75,000
 
Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 3.400%, 7/26/2029
84,001     
    55,000
 
Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 4.250%, 10/26/2049
67,065     
    90,000
 
Eli Lilly & Co., Sr. Unsecd. Note, 3.375%, 3/15/2029
100,841    
    90,000
 
Royalty Pharma PLC, Sr. Unsecd. Note, 144A, 1.750%, 9/2/2027
90,213     
 
 
TOTAL
1,049,902
 
 
Consumer Non-Cyclical - Products—0.0%
 
   100,000
 
Procter & Gamble Co., Sr. Unsecd. Note, 3.000%, 3/25/2030
109,881    
 
 
Consumer Non-Cyclical - Supermarkets—0.0%
 
    75,000
 
Kroger Co., Sr. Unsecd. Note, 4.450%, 2/1/2047
88,209     
 
 
Consumer Non-Cyclical - Tobacco—0.0%
 
   100,000
 
Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041
133,079    
 
 
Energy - Independent—0.1%
 
   175,000
 
Cimarex Energy Co., Sr. Unsecd. Note, 4.375%, 3/15/2029
196,679    
   200,000
 
EOG Resources, Inc., Sr. Unsecd. Note, 4.150%, 1/15/2026
226,854    
 
 
TOTAL
423,533
 
 
Energy - Integrated—0.1%
 
   225,000
 
Exxon Mobil Corp., Sr. Unsecd. Note, 3.482%, 3/19/2030
251,812    
    70,000
 
Shell International Finance B.V., Sr. Unsecd. Note, 4.000%, 5/10/2046
79,204     
 
 
TOTAL
331,016
 
 
Energy - Midstream—0.1%
 
   145,000
 
Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029
164,948    
   150,000
 
Energy Transfer Partners LP, Sr. Unsecd. Note, 4.900%, 2/1/2024
164,356    
   100,000
 
Enterprise Products Operating LLC, Sr. Unsecd. Note, 3.700%, 1/31/2051
101,229    
   200,000
 
Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 6.375%, 3/1/2041
262,459    
   100,000
 
ONEOK, Inc., Sr. Unsecd. Note, 4.550%, 7/15/2028
112,377    
   115,000
 
TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027
128,222    
 
 
TOTAL
933,591
4
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
CORPORATE BONDS—continued
 
 
 
Energy - Refining—0.0%
 
$   105,000
 
Valero Energy Corp., Sr. Unsecd. Note, 4.000%, 4/1/2029
$115,987    
 
 
Financial Institution - Banking—0.7%
 
   150,000
 
Associated Banc-Corp., Sub. Note, 4.250%, 1/15/2025
162,923    
   200,000
 
Bank of America Corp., Sr. Unsecd. Note, 2.592%, 4/29/2031
205,581    
   100,000
 
Bank of America Corp., Sr. Unsecd. Note, Series MTN, 2.884%, 10/22/2030
105,954    
   250,000
 
Bank of America Corp., Sub. Note, Series MTN, 4.000%, 1/22/2025
276,991    
   100,000
 
Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 2.661%, 5/16/2023
102,812    
    65,000
 
Capital One Financial Corp., Sr. Unsecd. Note, 3.900%, 1/29/2024
70,744     
   165,000
 
Citigroup, Inc., Sr. Unsecd. Note, 2.976%, 11/5/2030
175,195    
   270,000
 
Citigroup, Inc., Sr. Unsecd. Note, 3.400%, 5/1/2026
298,363    
   270,000
 
Citizens Financial Group, Inc., Sub. Note, 144A, 2.638%, 9/30/2032
270,447    
   200,000
 
Compass Bank, Birmingham, Sub. Note, Series BKNT, 3.875%, 4/10/2025
221,667    
   100,000
 
Fifth Third Bancorp, Sr. Unsecd. Note, 3.950%, 3/14/2028
116,611    
    55,000
 
FNB Corp. (PA), Sr. Unsecd. Note, 2.200%, 2/24/2023
56,099     
   350,000
 
Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.814%, 4/23/2029
394,285    
   200,000
 
HSBC Holdings PLC, Sr. Unsecd. Note, 3.262%, 3/13/2023
205,957    
   170,000
 
JPMorgan Chase & Co., Sr. Unsecd. Note, 1.953%, 2/4/2032
165,994    
   200,000
 
Manufacturers & Traders Trust Co., Sr. Unsecd. Note, Series BKNT, 2.500%, 5/18/2022
205,097    
   250,000
 
Morgan Stanley, Sr. Unsecd. Note, 3.625%, 1/20/2027
280,695    
   145,875
2
Regional Diversified Funding, 144A, 9.250%, 3/15/2030
95,184     
   200,000
 
Truist Bank, Sub. Note, Series BKNT, 3.300%, 5/15/2026
219,429    
   100,000
 
US Bancorp, Sr. Unsecd. Note, Series MTN, 1.375%, 7/22/2030
95,732     
   350,000
 
Wells Fargo & Co., Sr. Unsecd. Note, 3.000%, 10/23/2026
380,051    
   150,000
 
Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.879%, 10/30/2030
158,868    
 
 
TOTAL
4,264,679
 
 
Financial Institution - Broker/Asset Mgr/Exchange—0.0%
 
    35,000
 
Jefferies Group LLC, Sr. Unsecd. Note, 2.750%, 10/15/2032
35,685     
 
 
Financial Institution - Finance Companies—0.0%
 
   230,000
 
GE Capital International Funding, Inc., Sr. Unsecd. Note, 4.418%, 11/15/2035
262,960    
 
 
Financial Institution - Insurance - Life—0.1%
 
   200,000
 
AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.600%, 4/9/2029
220,559    
   200,000
 
American International Group, Inc., Sr. Unsecd. Note, 4.125%, 2/15/2024
220,846    
   150,000
 
Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 4.900%, 4/1/2077
197,714    
   180,000
 
Pacific Life Insurance Co., Sub. Note, 144A, 4.300%, 10/24/2067
204,054    
 
 
TOTAL
843,173
 
 
Financial Institution - Insurance - P&C—0.0%
 
    45,000
 
Liberty Mutual Group, Inc., Sr. Unsecd. Note, 144A, 4.250%, 6/15/2023
48,850     
 
 
Financial Institution - REIT - Apartment—0.1%
 
   195,000
 
Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027
215,686    
    30,000
 
Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030
31,825     
   125,000
 
UDR, Inc., Sr. Unsecd. Note, 3.100%, 11/1/2034
132,725    
 
 
TOTAL
380,236
 
 
Financial Institution - REIT - Healthcare—0.0%
 
   100,000
 
Physicians Realty Trust, Sr. Unsecd. Note, 4.300%, 3/15/2027
111,625    
    75,000
 
Welltower, Inc., Sr. Unsecd. Note, 2.750%, 1/15/2031
77,251     
 
 
TOTAL
188,876
 
 
Financial Institution - REIT - Office—0.1%
 
    90,000
 
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2027
102,121    
    50,000
 
Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.950%, 1/15/2028
57,029     
5
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
CORPORATE BONDS—continued
 
 
 
Financial Institution - REIT - Office—continued
 
$   175,000
 
Boston Properties LP, Sr. Unsecd. Note, 4.500%, 12/1/2028
$204,928    
 
 
TOTAL
364,078
 
 
Financial Institution - REIT - Other—0.0%
 
   135,000
 
WP Carey, Inc., Sr. Unsecd. Note, 4.600%, 4/1/2024
149,617    
 
 
Financial Institution - REIT - Retail—0.0%
 
    80,000
 
Regency Centers LP, Sr. Unsecd. Note, 4.125%, 3/15/2028
89,473     
 
 
Oil & Gas—0.3%
 
 2,010,000
 
Occidental Petroleum Corp., Sr. Unsecd. Note, 2.900%, 8/15/2024
1,958,604  
 
 
Technology—0.2%
 
   100,000
 
Apple, Inc., Sr. Unsecd. Note, 4.450%, 5/6/2044
126,639    
    75,000
 
Broadcom, Inc., Sr. Unsecd. Note, 4.150%, 11/15/2030
83,003     
    50,000
 
Broadcom, Inc., Sr. Unsecd. Note, 4.700%, 4/15/2025
56,469     
    25,000
 
Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.750%, 2/15/2051
24,717     
    85,000
 
Equifax, Inc., Sr. Unsecd. Note, 2.600%, 12/1/2024
90,540     
   200,000
 
Experian Finance PLC., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2029
232,453    
    35,000
 
Fidelity National Information Services, Inc., Sr. Unsecd. Note, 3.750%, 5/21/2029
39,431     
    75,000
 
Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029
82,772     
   350,000
 
Ingram Micro, Inc., Sr. Unsecd. Note, 5.450%, 12/15/2024
402,153    
    40,000
 
Keysight Technologies, Inc., Sr. Unsecd. Note, 3.000%, 10/30/2029
42,877     
   125,000
 
Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029
144,930    
    25,000
 
Micron Technology, Inc., Sr. Unsecd. Note, 2.497%, 4/24/2023
26,063     
    80,000
 
Total System Services, Inc., Sr. Unsecd. Note, 4.800%, 4/1/2026
92,278     
 
 
TOTAL
1,444,325
 
 
Transportation - Airlines—0.0%
 
    25,000
 
Southwest Airlines Co., Sr. Unsecd. Note, 4.750%, 5/4/2023
27,209     
    45,000
 
Southwest Airlines Co., Sr. Unsecd. Note, 5.250%, 5/4/2025
51,589     
 
 
TOTAL
78,798
 
 
Transportation - Railroads—0.0%
 
    65,000
 
Union Pacific Corp., Sr. Unsecd. Note, 2.400%, 2/5/2030
67,348     
 
 
Transportation - Services—0.1%
 
   100,000
 
FedEx Corp., Sr. Unsecd. Note, 4.050%, 2/15/2048
109,742    
   200,000
 
Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 3.950%, 3/10/2025
220,533    
 
 
TOTAL
330,275
 
 
Utility - Electric—0.2%
 
    50,000
 
Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030
50,957     
   200,000
 
Enel Finance International NV, Sr. Unsecd. Note, 144A, 4.875%, 6/14/2029
242,922    
    40,000
 
FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049
45,170     
   140,000
 
Kansas City Power and Light Co., Sr. Unsecd. Note, 4.200%, 3/15/2048
166,110    
   110,000
 
National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 2.950%, 2/7/2024
117,374    
   105,000
 
NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 3.150%, 4/1/2024
112,710    
    65,000
 
NiSource Finance Corp., Sr. Unsecd. Note, 4.375%, 5/15/2047
75,797     
   125,000
 
Southern Co., Jr. Sub. Note, Series B, 4.000%, 1/15/2051
130,594    
   140,000
 
Virginia Electric & Power Co., Sr. Unsecd. Note, Series A, 3.500%, 3/15/2027
156,402    
 
 
TOTAL
1,098,036
 
 
Utility - Natural Gas—0.1%
 
    65,000
 
Dominion Energy Gas Holdings LLC, Sr. Unsecd. Note, Series C, 3.900%, 11/15/2049
69,797     
   100,000
 
National Fuel Gas Co., Sr. Unsecd. Note, 5.500%, 1/15/2026
115,849    
6
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
CORPORATE BONDS—continued
 
 
 
Utility - Natural Gas—continued
 
$   120,000
 
Southern Natural Gas, Sr. Unsecd. Note, 144A, 4.800%, 3/15/2047
$136,957    
 
 
TOTAL
322,603
 
 
TOTAL CORPORATE BONDS
(IDENTIFIED COST $24,243,473)
26,360,496
 
 
U.S. TREASURIES—3.8%
 
 
 
Treasury Securities—3.8%
 
 5,000,000
 
United States Treasury Note, 0.625%, 8/15/2030
4,670,722  
20,000,000
 
United States Treasury Note, 1.625%, 6/30/2021
20,105,264 
 
 
TOTAL U.S. TREASURIES
(IDENTIFIED COST $24,918,359)
24,775,986
 
 
COLLATERALIZED MORTGAGE OBLIGATIONS—1.1%
 
 
 
Commercial Mortgage—0.8%
 
   810,000
 
Bank 2018-BN12, Class A4, 4.255%, 5/15/2061
937,818    
   500,000
3
Bank 2018-BN15, Class A4, 4.407% (12-month USLIBOR +0.000%), 11/15/2061
585,728    
   675,000
 
Benchmark Mortgage Trust 2019-B11, Class A5, 3.542%, 5/15/2052
757,500    
 1,000,000
 
Commercial Mortgage Trust 2015-DC1, Class AM, 3.724%, 2/10/2048
1,089,074  
 1,000,000
 
Fontainebleau Miami Beach Trust, Class B, 3.447%, 12/10/2036
1,042,081  
 1,000,000
 
Morgan Stanley Capital I 2012-C4, Class AS, 3.773%, 3/15/2045
1,019,844  
 
 
TOTAL
5,432,045
 
 
Federal Home Loan Mortgage Corporation REMIC—0.3%
 
   800,000
 
FHLMC REMIC, Series K070, Class A2, 3.303%, 11/25/2027
904,010    
   696,157
 
FHLMC REMIC, Series K105, Class A1, 1.536%, 9/25/2029
699,679    
 
 
TOTAL
1,603,689
 
 
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(IDENTIFIED COST $6,613,833)
7,035,734
 
 
COMMERCIAL MORTGAGE-BACKED SECURITY—0.2%
 
 
 
Agency Commercial Mortgage-Backed Securities—0.2%
 
 1,000,000
 
FREMF Mortgage Trust 2013-K25 REMIC, Class B, 3.619%, 11/25/2045
(IDENTIFIED COST $1,004,153)
1,039,838  
 
 
PREFERRED STOCK—0.0%
 
 
 
Financials—0.0%
 
40,000
1,2,4
Lehman Brothers Holdings, Inc., Pfd., 5.670%
(IDENTIFIED COST $3,400)
400        
 
 
PURCHASED CALL OPTIONS—0.2%
 
10,000,000
 
Barclays USD CALL/NOK PUT, Notional Amount $10,000,000, Exercise Price, $10.00, Expiration Date 4/16/2021
8,000      
250
 
Russell 2000 Index (CALL-Option), Notional Amount $55,026,275, Exercise Price $2,230, Expiration Date 3/19/2021
1,297,500  
 
 
TOTAL PURCHASED CALL OPTIONS
(IDENTIFIED COST $1,387,020)
1,305,500
 
 
PURCHASED PUT OPTIONS—0.1%
 
15,000,000
 
Bank of New York USD PUT/NOK CALL, Notional Amount $15,000,000, Exercise Price, $8.00, Expiration Date 7/22/2021
81,150     
300
 
United States Treasury Long Bond Futures, Notional Amount $15,469, Exercise Price $158.00, Expiration Date 4/23/2021
618,750    
 
 
TOTAL PURCHASED PUT OPTIONS
(IDENTIFIED COST $781,018)
699,900
 
 
INVESTMENT COMPANIES—86.7%
 
2,153,593
 
Bank Loan Core Fund
20,760,634
17,500,006
 
Emerging Markets Core Fund
178,850,068
11,981,312
 
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 0.05%5
11,982,907
42,996,197
 
High Yield Bond Core Fund
272,595,889
7
Principal
Amount, Shares
or Contracts
 
 
Value
 
 
INVESTMENT COMPANIES—continued
 
8,058,693
 
Mortgage Core Fund
80,506,340
 
 
TOTAL INVESTMENT COMPANIES
(IDENTIFIED COST $557,489,762)
564,695,838
 
 
TOTAL INVESTMENT IN SECURITIES—100.2%
(IDENTIFIED COST $639,476,261)
652,326,884
 
 
OTHER ASSETS AND LIABILITIES - NET—(0.2)%6
(985,328)
 
 
TOTAL NET ASSETS—100%
$651,341,556
At February 28, 2021, the Fund had the following outstanding futures contracts:  
Description
Number of
Contracts
Notional
Value
Expiration
Date
Value and
Unrealized
Appreciation
Short Futures:
 
 
 
 
1United States Treasury Notes 10-Year Short Futures
170
$22,562,188
June 2021
$265,876
1United States Treasury Notes 2-Year Short Futures
210
$46,360,781
June 2021
$37,219
NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS
$303,095
The average notional value of long and short futures contracts held by the Fund throughout the period was $32,864,795 and $32,755,547, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
At February 28, 2021, the Fund had the following outstanding foreign exchange contracts:  
Settlement
Date
Counterparty
Foreign
Currency
Units to
Deliver/Receive
In
Exchange
For
Unrealized
Appreciation
(Depreciation)
Contracts Purchased:
 
 
 
 
 
5/3/2021
HSBC Bank USA
15,000,000
EUR
$18,137,625
$(14,016)
5/6/2021
HSBC Bank USA
1,569,375,000
JPY
$15,000,000
$(266,187)
6/11/2021
State Street Bank & Trust Co.
1,350,000
AUD
$1,005,167
$33,831
6/11/2021
Morgan Stanley
6,120,000
BRL
$1,193,238
$(106,150)
6/11/2021
State Street Bank & Trust Co.
1,130,000
CAD
$882,008
$5,964
6/11/2021
State Street Bank & Trust Co.
1,100,000
CHF
$1,243,618
$(31,017)
6/11/2021
HSBC Bank USA
7,860,000
CNY
$1,187,939
$19,458
6/11/2021
Morgan Stanley
4,161,600,000
COP
$1,193,876
$(57,429)
6/11/2021
Credit Agricole CIB
825,000
EUR
$1,000,640
$(2,998)
6/11/2021
State Street Bank & Trust Co.
750,000
GBP
$1,005,755
$39,560
6/11/2021
Credit Agricole CIB
88,400,000
INR
$1,174,788
$10,351
6/11/2021
Credit Agricole CIB
104,000,000
JPY
$1,000,455
$(23,691)
6/11/2021
HSBC Bank USA
24,000,000
MXN
$1,178,354
$(43,238)
Contracts Sold:
 
 
 
 
 
5/6/2021
HSBC Bank USA
1,575,105,000
JPY
$15,000,000
$212,392
NET UNREALIZED DEPRECIATION ON FOREIGN EXCHANGE CONTRACTS
$(223,170)
The average value at settlement date payable and receivable of foreign exchange contracts purchased and sold by the Fund throughout the period was $949,792 and $981,669, respectively. This is based on the contracts held as of each month-end throughout the three-month fiscal period.
8
At February 28, 2021, the Fund had the following outstanding written options contracts:  
Counterparty
Description
Notional
Amount
Expiration
Date
Exercise
Price
Value
Call Options:
 
 
 
 
 
Bank of New York
AUD CALL/USD PUT
$10,000,000
March 2021
$0.79
$(48,480)
Barclays Bank Plc
USD CALL/NOK PUT
$10,000,000
April 2021
$9.00
$(96,330)
Barclays Bank Plc
NZD CALL/USD PUT
$10,000,000
April 2021
$0.74
$(63,990)
Barclays Bank Plc
USD CALL/MXN PUT
$10,000,000
March 2021
$20.50
$(292,670)
BNP
GBP CALL/USD PUT
$1,050,000
June 2021
$1.40
$(17,024)
JP Morgan
Russell 2000 Index (250 Contracts)
$55,026,275
March 2021
$2,330.00
$(375,000)
Morgan Stanley
USD CALL/ZAR PUT
$10,000,000
April 2021
$15.80
$(136,540)
Morgan Stanley
AUD CALL/USD PUT
$10,000,000
April 2021
$0.81
$(28,980)
Morgan Stanley
NZD CALL/USD PUT
$10,000,000
April 2021
$0.75
$(51,620)
Put Options:
 
 
 
 
 
Bank of New York
USD PUT/NOK CALL
$10,000,000
April 2021
$8.20
$(31,020)
Barclays Bank Plc
USD PUT/MXN CALL
$10,000,000
March 2021
$19.00
$(480)
JP Morgan
iShares iBoxx High Yield Corporate Bond ETF (7,500 Contracts)
$64,830,000
March 2021
$82.00
$(202,500)
JP Morgan
United States Treasury Bond Futures (500 Contracts)
$257,813
March 2021
$162.00
$(1,726,562)
JP Morgan
Russell 2000 Index (250 Contracts)
$55,026,275
March 2021
$2,150.00
$(1,368,750)
Morgan Stanley
USD PUT/ZAR CALL
$10,000,000
April 2021
$14.25
$(37,700)
Morgan Stanley
AUD PUT/USD CALL
$10,000,000
May 2021
$0.77
$(242,040)
Morgan Stanley
NZD PUT/USD CALL
$10,000,000
May 2021
$0.72
$(230,170)
(Premiums Received $4,434,967)
$(4,949,856)
The average market value of written put and call options held by the Fund throughout the period was $1,924,843 and $1,815,838, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.
At February 28, 2021, the Fund had no outstanding purchased option contracts.
The average market value of purchased put and call options held by the Fund throughout the period was $655,487 and $2,118,507, respectively. This is based on amounts held as of each month-end throughout the three-month fiscal period.
Net Unrealized Appreciation/Depreciation on Futures Contracts, Foreign Exchange Contracts and Value of Written Options are included in “Other Assets and Liabilities–Net.”
9
Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended February 28, 2021, were as follows:  
Affiliates
Value as of
11/30/2020
Purchases
at Cost
Proceeds
from Sales
Bank Loan Core Fund
$10,468,457
$10,147,932
$—
Emerging Markets Core Fund
$176,445,209
$9,307,078
$(6,000,000)
Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares
$10,983,731
$42,703,105
$(41,702,288)
High Yield Bond Core Fund
$269,156,193
$—
$—
Mortgage Core Fund
$76,085,404
$10,000,000
$(5,000,000)
TOTAL OF AFFILIATED TRANSACTIONS
$543,138,994
$72,158,115
$(52,702,288)
10
 
Change in
Unrealized
Appreciation/
Depreciation
Net
Realized
Gain/
(Loss)
Value as of
2/28/2021
Shares
Held as of
2/28/2021
Dividend
Income
$144,246
$—
$20,760,634
2,153,593
$147,932
$(1,508,488)
$606,269
$178,850,068
17,500,006
$3,329,015
$(442)
$(1,199)
$11,982,907
11,981,312
$1,970
$3,439,696
$—
$272,595,889
42,996,197
$3,760,019
$(643,870)
$64,806
$80,506,340
8,058,693
$517,964
$1,431,142
$669,876
$564,695,838
82,689,801
$7,756,900
Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (SEC), the Fund invests in a portfolio of Federated Core Trust (“Core Trust”), which is managed by Federated Investment Management Company (the “Adviser”). Core Trust is an open-end management company, registered under the Investment Company Act of 1940, as amended (the “Act”), available only to registered investment companies and other institutional investors. The investment objective of High Yield Bond Portfolio (HYCORE), a portfolio of Core Trust, is to seek high current income. Income distributions from HYCORE are declared daily and paid monthly, and are recorded by the Fund as dividend income. Capital gain distributions, if any, from HYCORE are declared and paid annually, and are recorded by the Fund as capital gains. The investment objective of Emerging Markets Core Fund (EMCOR), a portfolio of Core Trust, is to achieve a total return on its assets. EMCOR’s secondary objective is to achieve a high level of income. Distributions of net investment income from EMCOR are declared daily and paid monthly. Capital gain distributions, if any, from EMCOR are declared and paid annually, and are recorded by the Fund as capital gains. Federated Hermes, Inc. (“Federated Hermes”) receives no advisory or administrative fees from HYCORE and EMCOR. Copies of the HYCORE and EMCOR financial statements are available on the EDGAR Database on the SEC’s website or upon request from the Fund.  
1
Non-income-producing security.
2
Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established
by and under the general supervision of the Fund’s Board of Directors (the “Directors”).
3
Floating/variable note with current rate and current maturity or next reset date shown.
4
Issuer in default.
5
7-day net yield.
6
Assets, other than investments in securities, less liabilities.
Note: The categories of investments are shown as a percentage of total net assets at February 28, 2021.
Investment Valuation
In calculating its net asset value (NAV), the Fund generally values investments as follows:
■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Directors.
■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs.
■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.
■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and asked quotations.
■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Directors.
■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Directors, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer’s financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.
If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Fund’s valuation policies and procedures, or if information furnished by a pricing service, in the opinion of the valuation committee (“Valuation Committee”), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.
11
Fair Valuation and Significant Events Procedures
The Directors have ultimate responsibility for determining the fair value of investments for which market quotations are not readily available. The Directors have appointed a Valuation Committee comprised of officers of the Fund, Federated Investment Management Company (the “Adviser”) and certain of the Adviser’s affiliated companies to assist in determining fair value and in overseeing the calculation of the NAV. The Directors have also authorized the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services’ policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Directors. The Directors periodically review and approve the fair valuations made by the Valuation Committee and any changes made to the procedures.
Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a “bid” evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and asked for the investment (a “mid” evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Directors.
The Directors also have adopted procedures requiring an investment to be priced at its fair value whenever the Adviser determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment’s value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:
■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;
■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;
■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer’s operations or regulatory changes or market developments affecting the issuer’s industry.
The Directors have adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Fund will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Directors. The Directors have ultimate responsibility for any fair valuations made in response to a significant event.
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels listed below:
Level 1—quoted prices in active markets for identical securities.
Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.
Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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The following is a summary of the inputs used, as of February 28, 2021, in valuing the Fund’s assets carried at fair value:  
Valuation Inputs
 
Level 1—
Quoted
Prices
Level 2—
Other
Significant
Observable
Inputs
Level 3—
Significant
Unobservable
Inputs
Total
Debt Securities:
 
 
 
 
Corporate Bonds
$—
$26,265,312
$95,184
$26,360,496
U.S. Treasuries
—
24,775,986
—
24,775,986
Collateralized Mortgage Obligations
—
7,035,734
—
7,035,734
Commercial Mortgage-Backed Security
—
1,039,838
—
1,039,838
Purchased Call Options
1,297,500
8,000
—
1,305,500
Purchased Put Options
618,750
81,150
—
699,900
Equity Securities:
 
 
 
 
Common Stocks
 
 
 
 
Domestic
24,227,668
—
—
24,227,668
International
2,185,524
—
—
2,185,524
Preferred Stock
 
 
 
 
Domestic
—
—
400
400
Investment Companies
564,695,838
—
—
564,695,838
TOTAL SECURITIES
$593,025,280
$59,206,020
$95,584
$652,326,884
Other Financial Instruments:
 
 
 
 
Assets
 
 
 
 
Futures Contracts
$303,095
$—
$—
$303,095
Foreign Exchange Contracts
—
321,556
—
321,556
Liabilities
 
 
 
 
Foreign Exchange Contracts
—
(544,726)
—
(544,726)
Written Options Contracts
(3,672,812)
(1,277,044)
—
(4,949,856)
TOTAL OTHER FINANCIAL INSTRUMENTS
$(3,369,717)
$(1,500,214)
$—
$(4,869,931)
 
The following acronym(s) are used throughout this portfolio:
 
AUD
—Australian Dollar
BKNT
—Bank Notes
BRL
—Brazilian Real
CAD
—Canadian Dollar
CHF
—Swiss Franc
CNY
—Chinese Yuan Renminbi
COP
—Colombian Peso
ETF
—Exchange-Traded Fund
EUR
—Euro Currency
FHLMC
—Federal Home Loan Mortgage Corporation
FREMF
—Freddie Mac Multifamily K-Deals
GBP
—British Pound
GMTN
—Global Medium Term Note
INR
—Indian Rupee
JPY
—Japanese Yen
LIBOR
—London Interbank Offered Rate
MTN
—Medium Term Note
MXN
—Mexican Peso
REIT
—Real Estate Investment Trust
REMIC
—Real Estate Mortgage Investment Conduit
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