# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001145549-23-002475
**Filing Date:** 2023-1
**Character Count:** 22548
**Document Hash:** 9498e666088f86ff901be980f326748f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002475.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002475

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Equity Funds
- **CENTRAL INDEX KEY:** 0000745968
- **IRS NUMBER:** 251470423
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04017
- **FILM NUMBER:** 23547798

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED HERMES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19950810

## Series and Classes Contracts Data

### Federated Hermes International Strategic Value Dividend Fund (Series ID: S000022420)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000064507 | Class A Shares       | IVFAX           |
| C000064508 | Class C Shares       | IVFCX           |
| C000064509 | Institutional Shares | IVFIX           |
| C000181876 | Class R6 Shares      | IVFLX           |
| C000188318 | Class T Shares       |  |

## 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 Equity Funds

- **b. Investment Company Act file number:** 811-04017

- **c. CIK number of Registrant:** 0000745968

- **d. LEI of Registrant:** 254900QLYYRKC7NVWP04

- **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:** 8003417400

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

- **a. Name of Series:** Federated Hermes International Strategic Value Dividend Fund

- **b. EDGAR series identifier (if any):** S000022420

- **c. LEI of Series:** VG6DFJN61UVGNFH7RV88

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $798603700.63

**Total Liabilities:** $437648.13

**Net Assets:** $798166052.50

**Cash Not Reported:** $259529.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064507 | -9.69%               | 7.28%                | 8.19%                |
| Class ID C000064508 | -9.56%               | 6.96%                | 8.23%                |
| Class ID C000064509 | -9.37%               | 6.96%                | 8.52%                |
| Class ID C000181876 | -9.67%               | 7.31%                | 8.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-867405.83              | $-69474759.68                              |
| Month 2  | $367190.96               | $46413642.88                               |
| Month 3  | $2510517.05              | $55425540.40                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen   | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |     83361 | NS      | $26265274.02  | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Pembina Pipeline Corp                                       | Pembina Pipeline Corp                                     | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    545600 | NS      | $19919277.40  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                            | Deutsche Post AG                                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |    256900 | NS      | $10133165.81  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                                              | TC Energy Corp                                            | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    472425 | NS      | $20931888.64  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                          | Vodafone Group PLC                                        | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |  12839083 | NS      | $14265876.81  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Emera Inc                                                   | EMERA INC                                                 | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |    388700 | NS      | $15133047.62  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Co                              | Algonquin Power & Utilities Corp                          | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |   1193400 | NS      | $9013822.99   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                                    | Enel SpA                                                  | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |   1459075 | NS      | $7949832.65   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                           | NATIONAL GRID PLC                                         | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    812997 | NS      | $10038445.20  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SCOR SE                                                     | SCOR SE                                                   | CUSIP: 000000000<br>LEI: 96950056ULJ4JI7V3752 | Long             | EC               | CORP              | FR        |    421775 | NS      | $8168927.11   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                        | Royal Bank of Canada                                      | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |    106450 | NS      | $10586834.93  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                 | Novartis AG                                               | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    278965 | NS      | $24871404.75  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                            | Terna - Rete Elettrica Nazionale                          | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |   1242275 | NS      | $9578295.51   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou                              | Sumitomo Mitsui Financial Group Inc                       | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    534000 | NS      | $18101738.47  | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                     | E.ON SE                                                   | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |    695420 | NS      | $6618520.14   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                             | Philip Morris International Inc                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    249510 | NS      | $24868661.70  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                   | Coca-Cola Femsa SAB de CV                                 | CUSIP: 000000000<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |   3832850 | NS      | $26194651.24  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund | Federated Institutional Prime Value Obligations Fund      | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |   6462529 | NS      | $6459944.15   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Utilities Ltd                                      | Canadian Utilities Ltd                                    | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |    638900 | NS      | $17473985.06  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                                | Iberdrola SA                                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    649307 | NS      | $7349462.23   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                         | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    714700 | NS      | $14500029.78  | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                                    | Snam SpA                                                  | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |   1745325 | NS      | $8953457.29   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                             | BAE Systems PLC                                           | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   2067693 | NS      | $20525882.57  | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                                   | ZURICH INSURANCE GROUP AG                                 | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     31630 | NS      | $15316737.09  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BCE Inc                                                     | BCE Inc                                                   | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    567770 | NS      | $27038877.60  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                                             | Nordea Bank Abp                                           | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |    919100 | NS      | $9705148.31   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                                   | Orion Oyj                                                 | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |    189300 | NS      | $10025505.48  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi                                                      | Sanofi                                                    | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    285181 | NS      | $25765228.80  | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CIBC                                                        | Canadian Imperial Bank of Commerce                        | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |    466410 | NS      | $22464932.46  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                                | Unilever PLC                                              | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    535300 | NS      | $26874459.53  | 3.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa Oyj                                                   | Elisa Oyj                                                 | CUSIP: 000000000<br>LEI: 743700TU2S3DXWGU7H32 | Long             | EC               | CORP              | FI        |    305440 | NS      | $15896741.78  | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                            | TOTAL SE                                                  | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    523279 | NS      | $32687582.12  | 4.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Inc/Canada                                           | Fortis Inc/Canada                                         | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    312090 | NS      | $12561091.77  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                                                 | ITALGAS SPA                                               | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |   2335395 | NS      | $13866676.30  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| TELUS Corp                                                  | TELUS Corp                                                | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |    879750 | NS      | $18747472.50  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV                                          | Koninklijke KPN NV                                        | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |   4592800 | NS      | $14086466.06  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                        | Telefonica Brasil SA                                      | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |   1329475 | NS      | $9718462.25   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                                | British American Tobacco PLC                              | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    586445 | NS      | $24065000.10  | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                               | Koninklijke Ahold Delhaize NV                             | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    302100 | NS      | $8758814.13   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                                 | TELENOR ASA                                               | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |    408125 | NS      | $3951908.44   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Amcor PLC                                                   | Amcor PLC                                                 | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | GB        |   1499000 | NS      | $18512650.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Oyj                                             | UPM-Kymmene Oyj                                           | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    243873 | NS      | $8997088.72   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark de Mexico SAB d                              | Kimberly-Clark de Mexico SAB de CV                        | CUSIP: 000000000<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |  11911420 | NS      | $20268058.39  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd                                           | SK Telecom Co Ltd                                         | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |    464200 | NS      | $17671523.98  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                | Enbridge Inc                                              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    565165 | NS      | $23339341.89  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                  | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     77225 | NS      | $16472413.85  | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd                                        | Sonic Healthcare Ltd                                      | CUSIP: 000000000<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |    771700 | NS      | $17119294.75  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners                              | Coca-Cola Europacific Partners PLC                        | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |    528500 | NS      | $28058065.00  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                                            | Bank of Montreal                                          | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |    125150 | NS      | $12223326.02  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Federated Hermes Equity Funds

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Equity Funds

**Title:** Chief Compliance Officer