# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001193125-26-020466
**Filing Date:** 2026-1
**Character Count:** 29652
**Document Hash:** 0d74bd477fedaa7de1a284c4d8fbde18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-020466.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001193125-26-020466

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Adviser Series
- **CENTRAL INDEX KEY:** 0001707560

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23259
- **FILM NUMBER:** 26553726

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 1-800-341-7400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Hermes Adviser Series
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20180820

## Series and Classes Contracts Data

### Federated Hermes International Growth Fund (Series ID: S000066203)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000213948 | Class C Shares       |  |
| C000213949 | Institutional Shares | PIGDX           |
| C000213950 | Class R6 Shares      | REIGX           |
| C000213951 | Class A 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 Adviser Series

- **b. Investment Company Act file number:** 811-23259

- **c. CIK number of Registrant:** 0001707560

- **d. LEI of Registrant:** 2549001OZ5PPTI84LJ34

- **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 Growth Fund

- **b. EDGAR series identifier (if any):** S000066203

- **c. LEI of Series:** 254900M84ID4508EO322

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $177062715.80

**Total Liabilities:** $432135.74

**Net Assets:** $176630580.06

**Cash Not Reported:** $516143.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213949 | 5.26%                | -0.68%               | -2.17%               |
| Class ID C000213950 | 5.26%                | -0.68%               | -2.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17089115.60             | $-592961.26                                |
| Month 2  | $39346500.17             | $-41053024.63                              |
| Month 3  | $9387011.28              | $-14267772.99                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAP SE                                       | SAP SE                                       | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     16429 | NS      | $3971710.75   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd                  | Northern Star Resources Ltd                  | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    142434 | NS      | $2565937.34   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedish Orphan Biovitrum AB                  | Swedish Orphan Biovitrum AB                  | CUSIP: 000000000<br>LEI: 549300124Y3MQI87PT35 | Long             | EC               | CORP              | SE        |     61841 | NS      | $2221795.77   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA                                    | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      9916 | NS      | $985686.18    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| PB Fintech Ltd                               | PB Fintech Ltd                               | CUSIP: 000000000<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |    107484 | NS      | $2185350.11   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd                                  | Zomato Ltd                                   | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    361238 | NS      | $1214461.20   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                                 | 3i Group PLC                                 | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     45105 | NS      | $1887870.52   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                 | Gaztransport Et Technigaz SA                 | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      8642 | NS      | $1729630.46   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group               | Mitsubishi UFJ Financial Group Inc           | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    151074 | NS      | $2383947.72   | 1.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Full Truck Alliance Co Ltd                   | Full Truck Alliance Co Ltd                   | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |    236856 | NS      | $2688315.60   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DiDi Global Inc                              | DiDi Global Inc                              | CUSIP: 23292E108<br>LEI: 8368006Y2DHY77ADSY31 | Long             | EC               | CORP              | CN        |    169824 | NS      | $908558.40    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd                           | Tokyo Electron Ltd                           | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      4200 | NS      | $865836.98    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd                 | Max Healthcare Institute Ltd                 | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     91602 | NS      | $1190578.25   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     75609 | NS      | $7010466.48   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                            | Compass Group PLC                            | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     72974 | NS      | $2292359.95   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                    | Capitec Bank Holdings Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      4095 | NS      | $928593.02    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Chemometec A/S                               | Chemometec A/S                               | CUSIP: 000000000<br>LEI: 213800533NBKECGONO68 | Long             | EC               | CORP              | DK        |      8656 | NS      | $1051859.11   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                     | Infineon Technologies AG                     | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     30205 | NS      | $1273504.42   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                                  | Cameco Corp                                  | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     36354 | NS      | $3217692.54   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                        | Spotify Technology SA                        | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |      5614 | NS      | $3362056.18   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                            | Grab Holdings Ltd                            | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |    392022 | NS      | $2136519.90   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mildef Group AB                              | Mildef Group AB                              | CUSIP: 000000000<br>LEI: 9845009F7Q0D56B38270 | Long             | EC               | CORP              | SE        |     96310 | NS      | $1330759.63   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   6966326 | NS      | $6966326.30   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                              | KE Holdings Inc                              | CUSIP: 000000000<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |    239000 | NS      | $1383200.35   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Kongsberg Gruppen ASA                        | Kongsberg Gruppen ASA                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |     83467 | NS      | $1978698.05   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ST Engineering                               | Singapore Technologies Engineering Ltd       | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |    151200 | NS      | $970603.12    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                               | Rheinmetall AG                               | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      1306 | NS      | $2243426.42   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve T               | Aselsan Elektronik Sanayi Ve Ticaret AS      | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |    211737 | NS      | $917283.20    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                    | Argenx SE                                    | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5605 | NS      | $5111647.90   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL                                      | L'OREAL                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      7463 | NS      | $3253226.84   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackBuck Ltd                                | Zinka Logistics Solutions Ltd                | CUSIP: 000000000<br>LEI: 3358003IBMJFDHOYF615 | Long             | EC               | CORP              | IN        |    169229 | NS      | $1262942.72   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                         | Taiwan Semiconductor Manufacturing Co Ltd    | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    293000 | NS      | $13468772.62  | 7.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd               | Korea Aerospace Industries Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10232 | NS      | $759052.50    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                    | Hoya Corp                                    | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     16441 | NS      | $2466902.54   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                        | ASPEED Technology Inc                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10000 | NS      | $2345792.43   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                 | Keyence Corp                                 | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      5317 | NS      | $1808142.11   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                      | Sika AG                                      | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      5224 | NS      | $1031817.10   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                  | Rational AG                                  | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      1570 | NS      | $1174587.26   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                              | Gold Fields Ltd                              | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     92850 | NS      | $3950627.79   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Institute for Q-shu Pioneers o               | Institute for Q-shu Pioneers of Space Inc    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     61300 | NS      | $700414.73    | 0.40%             |  |  |  | No            |                  2 | On Loan: —       |
| Antofagasta PLC                              | Antofagasta PLC                              | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | CL        |     33197 | NS      | $1215162.75   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                              | Nintendo Co Ltd                              | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    113569 | NS      | $2403120.04   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                                 | Prysmian SpA                                 | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |     12725 | NS      | $1272605.64   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                          | Kuaishou Technology                          | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |    178400 | NS      | $1561204.74   | 0.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Shopify Inc                                  | Shopify Inc                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     13881 | NS      | $2202081.84   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd                      | Hanwha Aerospace Co Ltd                      | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      3072 | NS      | $1782091.54   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc                             | Ajinomoto Co Inc                             | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     62300 | NS      | $1444561.12   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                | HDFC Bank Ltd                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     22611 | NS      | $832537.02    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                    | Zijin Mining Group Co Ltd                    | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    388000 | NS      | $1540169.05   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                                  | Coupang Inc                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     66719 | NS      | $1878807.04   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trip.com Group Ltd                           | Trip.com Group Ltd                           | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     11353 | NS      | $793801.76    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE                        | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      4971 | NS      | $1337318.11   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| TBC Bank Group PLC                           | TBC Bank Group PLC                           | CUSIP: 000000000<br>LEI: 213800T6NS9N2WQ3B328 | Long             | EC               | CORP              | GE        |     17074 | NS      | $923108.50    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd                        | Daiichi Sankyo Co Ltd                        | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |    104800 | NS      | $2586785.76   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                          | Resona Holdings Inc                          | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    378300 | NS      | $3848605.06   | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Lt               | Zijin Gold International Co Ltd              | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |      1133 | NS      | $20256.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                | AIA Group Ltd                                | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     95200 | NS      | $991998.86    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                 | MediaTek Inc                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     29000 | NS      | $1290484.21   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                       | UCB SA                                       | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     10863 | NS      | $3038718.64   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                | Nemetschek SE                                | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |      7964 | NS      | $889478.03    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      4600 | NS      | $4876000.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands               | NU Holdings Ltd/Cayman Islands               | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    352839 | NS      | $6135870.21   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | On Holding AG                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     26035 | NS      | $1145279.65   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                | Industria de Diseno Textil SA                | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     15069 | NS      | $844954.49    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                    | Alibaba Group Holding Ltd                    | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |      9057 | NS      | $1424666.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                             | MercadoLibre Inc                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      2345 | NS      | $4858324.10   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank                | Commercial International Bank - Egypt (CIB)  | CUSIP: 000000000<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    537340 | NS      | $1212482.62   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                 | CaixaBank SA                                 | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |    221686 | NS      | $2467232.92   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                         | Tencent Holdings Ltd                         | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     90244 | NS      | $7132039.35   | 4.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                       | DBS Group Holdings Ltd                       | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     40900 | NS      | $1712611.17   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnipFMC PLC                               | TechnipFMC PLC                               | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     39810 | NS      | $1801800.60   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                   | SAMSUNG ELECTRONICS CO LTD                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     12535 | NS      | $856307.82    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Inc                               | BayCurrent Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     22000 | NS      | $963535.50    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                  | Hitachi Ltd                                  | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    111400 | NS      | $3544805.51   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari NV                                   | Ferrari NV                                   | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | IT        |      2792 | NS      | $1096844.92   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** Federated Hermes Adviser Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Adviser Series

**Title:** Chief Compliance Officer