# EDGAR Filing Document

**Accession Number:** 0001849998
**File Stem:** 0001145549-25-046933
**Filing Date:** 2025-7
**Character Count:** 52177
**Document Hash:** 1da36891ad6a7b82f3835820eecba286
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046933.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001145549-25-046933

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes ETF Trust
- **CENTRAL INDEX KEY:** 0001849998

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23730
- **FILM NUMBER:** 251138995

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086
- **BUSINESS PHONE:** 412-288-1900

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086

## Series and Classes Contracts Data

### Federated Hermes MDT Large Cap Growth ETF (Series ID: S000085754)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000251149 | Federated Hermes MDT Large Cap Growth ETF | FLCG            |

## Nport-Ex

Federated Hermes MDT Large Cap Growth ETF

Portfolio of Investments

May 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—99.5% |  |
|  | **Communication Services—13.3%** |  |
| &nbsp;&nbsp; 76352 | Alphabet, Inc., Class A | &nbsp;&nbsp; $13112693 |
| &nbsp;&nbsp;&nbsp; 1842<br><sup>1</sup> <br>| Live Nation Entertainment, Inc. | &nbsp;&nbsp; 252704 |
| &nbsp;&nbsp; 11186 | Meta Platforms, Inc. | &nbsp;&nbsp; 7242823 |
| &nbsp;&nbsp;&nbsp; 1401<br><sup>1</sup> <br>| Netflix, Inc. | &nbsp;&nbsp; 1691329 |
| &nbsp;&nbsp; 13503<br><sup>1</sup> <br>| ROBLOX Corp. | &nbsp;&nbsp; 1174491 |
| &nbsp;&nbsp;&nbsp; 6147<br><sup>1</sup> <br>| Spotify Technology SA | &nbsp;&nbsp; 4088616 |
| &nbsp;&nbsp;&nbsp; 4502<br><sup>1</sup> <br>| TripAdvisor, Inc. | &nbsp;&nbsp; 64108 |
| &nbsp;&nbsp; 12911<br><sup>1</sup> <br>| ZoomInfo Technologies, Inc. | &nbsp;&nbsp; 123300 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 27750064 |
|  | **Consumer Discretionary—14.1%** |  |
| &nbsp;&nbsp; 74812<br><sup>1</sup> <br>| Amazon.com, Inc. | &nbsp;&nbsp; 15337208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118<br><sup>1</sup> <br>| AutoZone, Inc. | &nbsp;&nbsp; 440499 |
| &nbsp;&nbsp;&nbsp; 5457<br><sup>1</sup> <br>| Cava Group, Inc. | &nbsp;&nbsp; 443490 |
| &nbsp;&nbsp; 14251<br><sup>1</sup> <br>| Deckers Outdoor Corp. | &nbsp;&nbsp; 1503766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450 | Domino's Pizza, Inc. | &nbsp;&nbsp; 213219 |
| &nbsp;&nbsp; 13441<br><sup>1</sup> <br>| DoorDash, Inc. | &nbsp;&nbsp; 2804465 |
| &nbsp;&nbsp;&nbsp; 5104 | eBay, Inc. | &nbsp;&nbsp; 373460 |
| &nbsp;&nbsp; 12206<br><sup>1</sup> <br>| Five Below, Inc. | &nbsp;&nbsp; 1422853 |
| &nbsp;&nbsp;&nbsp; 1161 | Murphy USA, Inc. | &nbsp;&nbsp; 495503 |
| &nbsp;&nbsp;&nbsp; 6642<br><sup>1</sup> <br>| Norwegian Cruise Line Holdings Ltd. | &nbsp;&nbsp; 117231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501<br><sup>1</sup> <br>| O'Reilly Automotive, Inc. | &nbsp;&nbsp; 685118 |
| &nbsp;&nbsp;&nbsp; 2385 | Royal Caribbean Cruises, Ltd. | &nbsp;&nbsp; 612873 |
| &nbsp;&nbsp; 15540<br><sup>1</sup> <br>| SharkNinja, Inc. | &nbsp;&nbsp; 1428592 |
| &nbsp;&nbsp;&nbsp; 7618<br><sup>1</sup> <br>| Tesla, Inc. | &nbsp;&nbsp; 2639332 |
| &nbsp;&nbsp;&nbsp; 1702<br><sup>1</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 802425 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 29320034 |
|  | **Consumer Staples—4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 913 | Clorox Co. | &nbsp;&nbsp; 120407 |
| &nbsp;&nbsp;&nbsp; 5193 | Costco Wholesale Corp. | &nbsp;&nbsp; 5401655 |
| &nbsp;&nbsp; 36610 | Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp; 2450673 |
| &nbsp;&nbsp;&nbsp; 3142 | Kimberly-Clark Corp. | &nbsp;&nbsp; 451694 |
| &nbsp;&nbsp; 17615<br><sup>1</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 804477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9228906 |
|  | **Energy—0.1%** |  |
| &nbsp;&nbsp;&nbsp; 5144 | Weatherford International PLC | &nbsp;&nbsp; 224278 |
|  | **Financials—6.3%** |  |
| &nbsp;&nbsp;&nbsp; 9464 | Ameriprise Financial, Inc. | &nbsp;&nbsp; 4819447 |
| &nbsp;&nbsp;&nbsp; 1963 | Goldman Sachs Group, Inc. | &nbsp;&nbsp; 1178683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517 | Moody's Corp. | &nbsp;&nbsp; 247808 |
| &nbsp;&nbsp; 12790 | Morgan Stanley | &nbsp;&nbsp; 1637504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715 | MSCI, Inc., Class A | &nbsp;&nbsp; 403274 |
| &nbsp;&nbsp;&nbsp; 6462 | Progressive Corp., OH | &nbsp;&nbsp; 1841218 |
| &nbsp;&nbsp;&nbsp; 7982 | Ryan Specialty Group Holdings, Inc. | &nbsp;&nbsp; 571272 |
| &nbsp;&nbsp; 53469<br><sup>1</sup> <br>| StoneCo Ltd. | &nbsp;&nbsp; 729852 |
| &nbsp;&nbsp;&nbsp; 3379 | Visa, Inc., Class A | &nbsp;&nbsp; 1233977 |
| &nbsp;&nbsp; 43141 | Western Union Co. | &nbsp;&nbsp; 400349 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 13063384 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Health Care—7.6%** |  |
| &nbsp;&nbsp;&nbsp; 9595 | AbbVie, Inc. | &nbsp;&nbsp; $1785725 |
| &nbsp;&nbsp;&nbsp; 7355<br><sup>1</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 1330814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644<br><sup>1</sup> <br>| Alnylam Pharmaceuticals, Inc. | &nbsp;&nbsp; 196137 |
| &nbsp;&nbsp;&nbsp; 8777 | Amgen, Inc. | &nbsp;&nbsp; 2529356 |
| &nbsp;&nbsp;&nbsp; 3594 | Cardinal Health, Inc. | &nbsp;&nbsp; 555057 |
| &nbsp;&nbsp;&nbsp; 5497 | Cencora, Inc. | &nbsp;&nbsp; 1600946 |
| &nbsp;&nbsp; 28254<br><sup>1</sup> <br>| Dexcom, Inc. | &nbsp;&nbsp; 2424193 |
| &nbsp;&nbsp;&nbsp; 2650 | Eli Lilly & Co. | &nbsp;&nbsp; 1954826 |
| &nbsp;&nbsp;&nbsp; 6621<br><sup>1</sup> <br>| Illumina, Inc. | &nbsp;&nbsp; 544511 |
| &nbsp;&nbsp;&nbsp; 9608<br><sup>1</sup> <br>| Incyte Genomics, Inc. | &nbsp;&nbsp; 625096 |
| &nbsp;&nbsp;&nbsp; 3214 | Merck & Co., Inc. | &nbsp;&nbsp; 246964 |
| &nbsp;&nbsp;&nbsp; 1227 | Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 601574 |
| &nbsp;&nbsp;&nbsp; 5504<br><sup>1</sup> <br>| Sarepta Therapeutics, Inc. | &nbsp;&nbsp; 206950 |
| &nbsp;&nbsp;&nbsp; 2248 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 678694 |
| &nbsp;&nbsp;&nbsp; 1112<br><sup>1</sup> <br>| Vertex Pharmaceuticals, Inc. | &nbsp;&nbsp; 491560 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 15772403 |
|  | **Industrials—4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595 | Acuity, Inc. | &nbsp;&nbsp; 154635 |
| &nbsp;&nbsp; 17346 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp; 1795658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827 | Cintas Corp. | &nbsp;&nbsp; 187316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940 | GE Aerospace | &nbsp;&nbsp; 231155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408 | Lockheed Martin Corp. | &nbsp;&nbsp; 196811 |
| &nbsp;&nbsp;&nbsp; 4823 | Paycom Software, Inc. | &nbsp;&nbsp; 1249591 |
| &nbsp;&nbsp;&nbsp; 2424 | Trane Technologies PLC | &nbsp;&nbsp; 1042974 |
| &nbsp;&nbsp; 13980<br><sup>1</sup> <br>| Uber Technologies, Inc. | &nbsp;&nbsp; 1176557 |
| &nbsp;&nbsp; 31146 | Veralto Corp. | &nbsp;&nbsp; 3146680 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9181377 |
|  | **Information Technology—48.3%** |  |
| &nbsp;&nbsp;&nbsp; 6286<br><sup>1</sup> <br>| Adobe, Inc. | &nbsp;&nbsp; 2609256 |
| &nbsp;&nbsp; 89955 | Apple, Inc. | &nbsp;&nbsp; 18067462 |
| &nbsp;&nbsp;&nbsp; 1886<br><sup>1</sup> <br>| AppLovin Corp. | &nbsp;&nbsp; 741198 |
| &nbsp;&nbsp; 22565<br><sup>1</sup> <br>| Arista Networks, Inc. | &nbsp;&nbsp; 1955032 |
| &nbsp;&nbsp;&nbsp; 2058<br><sup>1</sup> <br>| Atlassian Corp. PLC | &nbsp;&nbsp; 427302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749<br><sup>1</sup> <br>| Autodesk, Inc. | &nbsp;&nbsp; 221794 |
| &nbsp;&nbsp; 24612 | Broadcom, Inc. | &nbsp;&nbsp; 5957827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10<br><sup>1</sup> <br>| Crowdstrike Holdings, Inc. | &nbsp;&nbsp; 4714 |
| &nbsp;&nbsp;&nbsp; 5771 | Dell Technologies, Inc. | &nbsp;&nbsp; 642139 |
| &nbsp;&nbsp; 15314<br><sup>1</sup> <br>| Enphase Energy, Inc. | &nbsp;&nbsp; 633846 |
| &nbsp;&nbsp;&nbsp; 2893<br><sup>1</sup> <br>| EPAM Systems, Inc. | &nbsp;&nbsp; 504799 |
| &nbsp;&nbsp; 43782<br><sup>1</sup> <br>| Fortinet, Inc. | &nbsp;&nbsp; 4456132 |
| &nbsp;&nbsp;&nbsp; 3527<br><sup>1</sup> <br>| Gitlab, Inc. | &nbsp;&nbsp; 160514 |
| &nbsp;&nbsp; 15332<br><sup>1</sup> <br>| GoDaddy, Inc. | &nbsp;&nbsp; 2792724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593<br><sup>1</sup> <br>| HubSpot, Inc. | &nbsp;&nbsp; 349811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665 | Intuit, Inc. | &nbsp;&nbsp; 501057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 377 | KLA Corp. | &nbsp;&nbsp; 285344 |
| &nbsp;&nbsp; 26067 | Marvell Technology, Inc. | &nbsp;&nbsp; 1568973 |
| &nbsp;&nbsp; 48026 | Microsoft Corp. | &nbsp;&nbsp; 22109249 |
| &nbsp;&nbsp;&nbsp; 8660 | NetApp, Inc. | &nbsp;&nbsp; 858726 |
| &nbsp;&nbsp; 48732<br><sup>1</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 3737257 |
| 122560 | NVIDIA Corp. | &nbsp;&nbsp; 16561533 |
| &nbsp;&nbsp;&nbsp; 1970<br><sup>1</sup> <br>| Onto Innovation, Inc. | &nbsp;&nbsp; 181122 |
| &nbsp;&nbsp; 12650<br><sup>1</sup> <br>| Palantir Technologies, Inc. | &nbsp;&nbsp; 1667017 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp; 14591<br><sup>1</sup> <br>| Palo Alto Networks, Inc. | &nbsp;&nbsp; $2807600 |
| &nbsp;&nbsp;&nbsp; 6075 | Pegasystems, Inc. | &nbsp;&nbsp; 596261 |
| &nbsp;&nbsp;&nbsp; 4462<br><sup>1</sup> <br>| Pure Storage, Inc. | &nbsp;&nbsp; 239118 |
| &nbsp;&nbsp; 34045 | Qualcomm, Inc. | &nbsp;&nbsp; 4943334 |
| &nbsp;&nbsp;&nbsp; 2411 | Salesforce, Inc. | &nbsp;&nbsp; 639807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459<br><sup>1</sup> <br>| ServiceNow, Inc. | &nbsp;&nbsp; 464090 |
| &nbsp;&nbsp; 36110 | Teradyne, Inc. | &nbsp;&nbsp; 2838246 |
| &nbsp;&nbsp;&nbsp; 4657<br><sup>1</sup> <br>| Zscaler, Inc. | &nbsp;&nbsp; 1283935 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 100807219 |
|  | **Materials—1.0%** |  |
| &nbsp;&nbsp; 40230 | Celanese Corp. | &nbsp;&nbsp; 2125351 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.5% <br>(IDENTIFIED COST $192,887,406)<br>| &nbsp;&nbsp; 207473016 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.5%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1056538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $208529554 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1 *Non-income-producing security.* <br> 2 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at May 31, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities or ETFs 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.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of Federated MDTA LLC (the "Adviser"), 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 Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's 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. The trading prices of the Fund's shares listed on its exchange may differ from the Fund's NAV and will normally be affected by market forces, such as supply and demand, economic conditions, the market value of the Fund's disclosed portfolio holdings and other factors. As a result, trading prices may be lower, higher or the same as the Fund's NAV; and investors may pay more than NAV when buying shares and receive less than NAV when selling shares through the exchange.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services 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

**3**

------

Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review 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 ask 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 Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee 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 Adviser has 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 Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

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.

As of May 31, 2025, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

**4**

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Federated Hermes ETF Trust

- **b. Investment Company Act file number:** 811-23730

- **c. CIK number of Registrant:** 0001849998

- **d. LEI of Registrant:** 2549000FKW49U2D1SG36

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 800-341-7400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Federated Hermes MDT Large Cap Growth ETF

- **b. EDGAR series identifier (if any):** S000085754

- **c. LEI of Series:** 254900BYWUA7IKQGG851

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $208597961.27

**Total Liabilities:** $68407.23

**Net Assets:** $208529554.04

**Cash Not Reported:** $1025615.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251149 | -8.12%               | 1.24%                | 8.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-400157.55              | $-1268762.27                               |
| Month 2  | $-1182698.12             | $3487300.86                                |
| Month 3  | $3811089.49              | $12645301.03                               |

### Schedule of Portfolio Investments

| Name                           | Title                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eli Lilly & Co                 | ELI LILLY & CO                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2650 | NS      | $1954825.50   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc          | Dell Technologies Inc              | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      5771 | NS      | $642139.17    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     12650 | NS      | $1667017.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     22565 | NS      | $1955031.60   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                   | Illumina Inc                       | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      6621 | NS      | $544511.04    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                       | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     36110 | NS      | $2838246.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     13980 | NS      | $1176556.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc  | Live Nation Entertainment Inc      | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      1842 | NS      | $252703.98    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                   | AutoZone Inc                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       118 | NS      | $440498.72    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings  | Allison Transmission Holdings Inc  | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     17346 | NS      | $1795657.92   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                       | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       517 | NS      | $247808.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                 | Atlassian Corp                     | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      2058 | NS      | $427302.54    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                    | Incyte Corp                        | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      9608 | NS      | $625096.48    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc    | Ryan Specialty Holdings Inc        | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7982 | NS      | $571271.74    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc           | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |        10 | NS      | $4713.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                      | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1886 | NS      | $741198.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       450 | NS      | $213219.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1401 | NS      | $1691329.23   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                    | AmerisourceBergen Corp             | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      5497 | NS      | $1600946.28   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc            | Onto Innovation Inc                | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      1970 | NS      | $181121.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                   | Veralto Corp                       | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     31146 | NS      | $3146680.38   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc               | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      7355 | NS      | $1330813.70   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp           | Deckers Outdoor Corp               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     14251 | NS      | $1503765.52   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC  | Weatherford International PLC      | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |      5144 | NS      | $224278.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     74812 | NS      | $15337208.12  | 7.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     48026 | NS      | $22109249.36  | 10.60%            |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2248 | NS      | $678693.68    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                | Ulta Beauty Inc                    | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1702 | NS      | $802424.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5193 | NS      | $5401654.74   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises Ltd        | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      2385 | NS      | $612873.45    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                    | HubSpot Inc                        | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       593 | NS      | $349810.70    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       501 | NS      | $685117.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      3214 | NS      | $246963.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc       | Sarepta Therapeutics Inc           | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      5504 | NS      | $206950.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc               | EPAM Systems Inc                   | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      2893 | NS      | $504799.57    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc            | Cardinal Health Inc                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3594 | NS      | $555057.36    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                        | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     15332 | NS      | $2792723.80   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     76352 | NS      | $13112692.48  | 6.29%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     34045 | NS      | $4943334.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      5104 | NS      | $373459.68    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | salesforce.com Inc                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2411 | NS      | $639807.07    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                    | Zscaler Inc                        | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      4657 | NS      | $1283934.90   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                     | Acuity Brands Inc                  | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       595 | NS      | $154634.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                           | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       715 | NS      | $403274.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                     | DexCom Inc                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     28254 | NS      | $2424193.20   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA Inc                     | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1161 | NS      | $495503.19    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       459 | NS      | $464090.31    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     12790 | NS      | $1637503.70   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7618 | NS      | $2639332.28   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The        | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1963 | NS      | $1178683.35   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The           | Western Union Co/The               | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     43141 | NS      | $400348.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                        | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13503 | NS      | $1174490.94   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                      | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |       913 | NS      | $120406.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                 | Cava Group Inc                     | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5457 | NS      | $443490.39    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings Ltd | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6642 | NS      | $117231.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                  | Celanese Corp                      | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     40230 | NS      | $2125350.90   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                     | Gitlab Inc                         | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      3527 | NS      | $160513.77    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      3379 | NS      | $1233977.01   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     24612 | NS      | $5957826.84   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      3142 | NS      | $451693.92    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc             | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26067 | NS      | $1568972.73   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc     | Vertex Pharmaceuticals Inc         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1112 | NS      | $491559.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                  | Maplebear Inc                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17615 | NS      | $804477.05    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      9464 | NS      | $4819447.36   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below Inc                     | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     12206 | NS      | $1422853.42   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                   | Autodesk Inc                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       749 | NS      | $221793.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      6462 | NS      | $1841217.66   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc      | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1227 | NS      | $601573.56    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       827 | NS      | $187315.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc               | Pure Storage Inc                   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      4462 | NS      | $239118.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     14591 | NS      | $2807600.22   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                | Pegasystems Inc                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      6075 | NS      | $596261.25    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                 | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     15314 | NS      | $633846.46    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      8660 | NS      | $858725.60    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                          | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      8777 | NS      | $2529355.86   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc    | Alnylam Pharmaceuticals Inc        | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       644 | NS      | $196136.64    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp               | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       408 | NS      | $196811.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     43782 | NS      | $4456131.96   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    122560 | NS      | $16561532.80  | 7.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc            | Paycom Software Inc                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      4823 | NS      | $1249591.07   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       665 | NS      | $501057.55    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                | TripAdvisor Inc                    | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |      4502 | NS      | $64108.48     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                 | SharkNinja Inc                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15540 | NS      | $1428592.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     11186 | NS      | $7242823.14   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                    | Nutanix Inc                        | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     48732 | NS      | $3737257.08   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     13441 | NS      | $2804464.65   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                    | StoneCo Ltd                        | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | BR        |     53469 | NS      | $729851.85    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA          | Spotify Technology SA              | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      6147 | NS      | $4088615.58   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     89955 | NS      | $18067461.75  | 8.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | Estee Lauder Cos Inc/The           | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     36610 | NS      | $2450673.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC             | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2424 | NS      | $1042974.48   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                           | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       377 | NS      | $285343.76    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9595 | NS      | $1785725.45   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      6286 | NS      | $2609255.74   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       940 | NS      | $231155.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc      | ZoomInfo Technologies Inc          | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     12911 | NS      | $123300.05    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

**Name of Applicant:** Federated Hermes ETF Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes ETF Trust

**Title:** Chief Compliance Officer