# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001145549-23-017744
**Filing Date:** 2023-3
**Character Count:** 75637
**Document Hash:** e823b494ffe6bfb2012302b46c5f3dda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017744.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**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:** 23755388

**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 MDT Mid Cap Growth Fund (Series ID: S000009733)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000026743 | Class A Shares       | FGSAX           |
| C000026745 | Class C Shares       | FGSCX           |
| C000043493 | Class R6 Shares      | FGSKX           |
| C000082649 | Institutional Shares | FGSIX           |
| C000188314 | Class T Shares       |  |

## Nport-Ex

Federated Hermes MDT Mid Cap Growth Fund

Portfolio of Investments

January 31, 2023 (unaudited)

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—98.0% |  |
|  | **Communication Services—3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 760081<br><sup>1</sup> <br>| Altice USA, Inc. | $3724397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1947 | Cable One, Inc. | &nbsp;&nbsp; 1537896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14945<br><sup>1</sup> <br>| Match Group, Inc. | &nbsp;&nbsp; 808823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97537<br><sup>1</sup> <br>| Spotify Technology SA | &nbsp;&nbsp; 10994371 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 17065487 |
|  | **Consumer Discretionary—15.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1615<br><sup>1</sup> <br>| AutoZone, Inc. | &nbsp;&nbsp; 3938743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42108 | Block (H&R), Inc. | &nbsp;&nbsp; 1641370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 104418<br><sup>1</sup> <br>| Bright Horizons Family Solutions, Inc. | &nbsp;&nbsp; 8017214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4104<br><sup>1</sup> <br>| Chipotle Mexican Grill, Inc. | &nbsp;&nbsp; 6756744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73221 | eBay, Inc. | &nbsp;&nbsp; 3624440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6930<br><sup>1</sup> <br>| Etsy, Inc. | &nbsp;&nbsp; 953429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 129460<br><sup>1</sup> <br>| Expedia Group, Inc. | &nbsp;&nbsp; 14797278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2437 | Genuine Parts Co. | &nbsp;&nbsp; 408977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2536<br><sup>1</sup> <br>| Las Vegas Sands Corp. | &nbsp;&nbsp; 149624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13183<br><sup>1</sup> <br>| Lululemon Athletica, Inc. | &nbsp;&nbsp; 4045599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186666<br><sup>2</sup> <br>| Nordstrom, Inc. | &nbsp;&nbsp; 3647454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6973<br><sup>1</sup> <br>| O'Reilly Automotive, Inc. | &nbsp;&nbsp; 5525057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25466 | Tractor Supply Co. | &nbsp;&nbsp; 5805993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24045<br><sup>1</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 12358168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22309 | V.F. Corp. | &nbsp;&nbsp; 690240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2127 | Williams-Sonoma, Inc. | &nbsp;&nbsp; 287017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66218<br><sup>1</sup> <br>| YETI Holdings, Inc. | &nbsp;&nbsp; 2963918 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 75611265 |
|  | **Consumer Staples—3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83874 | Albertsons Cos., Inc. | &nbsp;&nbsp; 1778129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10903<br><sup>1</sup> <br>| BJ's Wholesale Club Holdings, Inc. | &nbsp;&nbsp; 790140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41986 | Hershey Foods Corp. | &nbsp;&nbsp; 9430056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72382 | Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 7230238 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 19228563 |
|  | **Energy—4.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45857 | Cheniere Energy, Inc. | &nbsp;&nbsp; 7006491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61909 | Diamondback Energy, Inc. | &nbsp;&nbsp; 9046143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 127576 | Halliburton Co. | &nbsp;&nbsp; 5258683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16501 | Ovintiv, Inc. | &nbsp;&nbsp; 812344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8835 | Range Resources Corp. | &nbsp;&nbsp; 221052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27160 | Targa Resources, Inc. | &nbsp;&nbsp; 2037543 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 24382256 |
|  | **Financials—7.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6093 | Ameriprise Financial, Inc. | &nbsp;&nbsp; 2133281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12572 | Gallagher (Arthur J.) & Co. | &nbsp;&nbsp; 2460592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26308 | LPL Financial Holdings, Inc. | &nbsp;&nbsp; 6238153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16956 | MarketAxess Holdings, Inc. | &nbsp;&nbsp; 6169441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282 | MSCI, Inc., Class A | &nbsp;&nbsp; 149900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 362003<br><sup>1,2</sup> <br>| Rocket Companies, Inc. | &nbsp;&nbsp; 3406448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92538 | Signature Bank | &nbsp;&nbsp; 11932775 |

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**1**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34622 | Tradeweb Markets, Inc. | $2580724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 35071314 |
|  | **Health Care—15.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 682296<br><sup>1</sup> <br>| Adaptive Biotechnologies Corp. | &nbsp;&nbsp; 6324884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17076 | Agilent Technologies, Inc. | &nbsp;&nbsp; 2596918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25005<br><sup>1</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 6744599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14587<br><sup>1</sup> <br>| Alnylam Pharmaceuticals, Inc. | &nbsp;&nbsp; 3302497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34478 | AmerisourceBergen Corp. | &nbsp;&nbsp; 5825403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29899<br><sup>1</sup> <br>| Avantor, Inc. | &nbsp;&nbsp; 714586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12209<br><sup>1</sup> <br>| Charles River Laboratories International, Inc. | &nbsp;&nbsp; 2969839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10959<br><sup>1</sup> <br>| Dexcom, Inc. | &nbsp;&nbsp; 1173599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74011<br><sup>1</sup> <br>| Exelixis, Inc. | &nbsp;&nbsp; 1304074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 297<br><sup>1</sup> <br>| IDEXX Laboratories, Inc. | &nbsp;&nbsp; 142708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17988<br><sup>1</sup> <br>| Ionis Pharmaceuticals, Inc. | &nbsp;&nbsp; 717182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6952<br><sup>1</sup> <br>| IQVIA Holdings, Inc. | &nbsp;&nbsp; 1594858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 124424<br><sup>1</sup> <br>| Maravai LifeSciences Holdings, Inc. | &nbsp;&nbsp; 1824056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4821 | McKesson Corp. | &nbsp;&nbsp; 1825616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3340<br><sup>1</sup> <br>| Mettler-Toledo International, Inc. | &nbsp;&nbsp; 5119953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30184<br><sup>1</sup> <br>| Molina Healthcare, Inc. | &nbsp;&nbsp; 9412277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31074<br><sup>1</sup> <br>| Neurocrine Biosciences, Inc. | &nbsp;&nbsp; 3447039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8618 | ResMed, Inc. | &nbsp;&nbsp; 1968093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36368<br><sup>1</sup> <br>| Sarepta Therapeutics, Inc. | &nbsp;&nbsp; 4544909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192628<br><sup>1</sup> <br>| Syneos Health, Inc. | &nbsp;&nbsp; 6919198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 240633<br><sup>1</sup> <br>| Teladoc Health, Inc. | &nbsp;&nbsp; 7074610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653 | Teleflex, Inc. | &nbsp;&nbsp; 158953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3562<br><sup>1</sup> <br>| Veeva Systems, Inc. | &nbsp;&nbsp; 607499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2387 | West Pharmaceutical Services, Inc. | &nbsp;&nbsp; 633987 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 76947337 |
|  | **Industrials—15.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 158765 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp; 7157126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4842<br><sup>1</sup> <br>| Axon Enterprise, Inc. | &nbsp;&nbsp; 946320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84676 | Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp; 8013737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7484 | Carlisle Cos., Inc. | &nbsp;&nbsp; 1877436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11132 | Cintas Corp. | &nbsp;&nbsp; 4939714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50426 | Fortune Brands Home & Security, Inc. | &nbsp;&nbsp; 3252981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1434 | IDEX Corp. | &nbsp;&nbsp; 343701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 175078<br><sup>1</sup> <br>| Lyft, Inc. | &nbsp;&nbsp; 2845018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5624 | Quanta Services, Inc. | &nbsp;&nbsp; 855917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85682 | Robert Half International, Inc. | &nbsp;&nbsp; 7193861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39782 | Trane Technologies PLC | &nbsp;&nbsp; 7125752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 519<br><sup>1</sup> <br>| Transdigm Group, Inc. | &nbsp;&nbsp; 372512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 227682<br><sup>1</sup> <br>| Trex Co., Inc. | &nbsp;&nbsp; 12003395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7724<br><sup>1</sup> <br>| United Rentals, Inc. | &nbsp;&nbsp; 3405898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2031 | Verisk Analytics, Inc. | &nbsp;&nbsp; 369215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10352 | W.W. Grainger, Inc. | &nbsp;&nbsp; 6102297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 95611<br><sup>1</sup> <br>| Willscot Corp. | &nbsp;&nbsp; 4633309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 175176<br><sup>1</sup> <br>| XPO Logistics, Inc. | &nbsp;&nbsp; 6982515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6580 | Xylem, Inc. | &nbsp;&nbsp; 684386 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 79105090 |
|  | **Information Technology—28.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12248<br><sup>1</sup> <br>| Ansys, Inc. | &nbsp;&nbsp; 3262377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 150080<br><sup>1,2</sup> <br>| AppLovin Corp. | &nbsp;&nbsp; 1906016 |

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**2**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85791<br><sup>1</sup> <br>| Arista Networks, Inc. | $10811382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53519<br><sup>1</sup> <br>| Cadence Design Systems, Inc. | &nbsp;&nbsp; 9784879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2029<br><sup>1</sup> <br>| Ceridian HCM Holding, Inc. | &nbsp;&nbsp; 146656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68802 | Cognex Corp. | &nbsp;&nbsp; 3766221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 118714<br><sup>1</sup> <br>| CommScope Holdings Co., Inc. | &nbsp;&nbsp; 997198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 100953 | Dell Technologies, Inc. | &nbsp;&nbsp; 4100711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14579<br><sup>1</sup> <br>| Enphase Energy, Inc. | &nbsp;&nbsp; 3227499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19566<br><sup>1</sup> <br>| EPAM Systems, Inc. | &nbsp;&nbsp; 6508630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 143280<br><sup>1</sup> <br>| Fortinet, Inc. | &nbsp;&nbsp; 7499275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8779<br><sup>1</sup> <br>| Gartner, Inc., Class A | &nbsp;&nbsp; 2968531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84043<br><sup>1,2</sup> <br>| Informatica, Inc. | &nbsp;&nbsp; 1495965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91679 | Jabil, Inc. | &nbsp;&nbsp; 7208720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15968<br><sup>1</sup> <br>| Keysight Technologies, Inc. | &nbsp;&nbsp; 2863861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42207 | Microchip Technology, Inc. | &nbsp;&nbsp; 3276107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22589<br><sup>1</sup> <br>| NCR Corp. | &nbsp;&nbsp; 619390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4353 | NetApp, Inc. | &nbsp;&nbsp; 288299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60401<br><sup>1</sup> <br>| New Relic, Inc. | &nbsp;&nbsp; 3687481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91307<br><sup>1</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 2544726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94031 | Paychex, Inc. | &nbsp;&nbsp; 10894432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2607<br><sup>1</sup> <br>| Paycom Software, Inc. | &nbsp;&nbsp; 844512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 338649 | Pegasystems, Inc. | &nbsp;&nbsp; 13166673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 224935<br><sup>1</sup> <br>| Pure Storage, Inc. | &nbsp;&nbsp; 6509619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1619<br><sup>1</sup> <br>| Splunk, Inc. | &nbsp;&nbsp; 155052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 594539<br><sup>1</sup> <br>| StoneCo Ltd. | &nbsp;&nbsp; 6635055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9484<br><sup>1</sup> <br>| Synopsys, Inc. | &nbsp;&nbsp; 3354965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45361<br><sup>1</sup> <br>| Teradata Corp. | &nbsp;&nbsp; 1582192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49400<br><sup>1</sup> <br>| Twilio, Inc. | &nbsp;&nbsp; 2956096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011<br><sup>1</sup> <br>| Tyler Technologies, Inc. | &nbsp;&nbsp; 649090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10447 | Vontier Corp. | &nbsp;&nbsp; 240594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 124405 | Western Union Co. | &nbsp;&nbsp; 1762819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193651<br><sup>1</sup> <br>| Zoom Video Communications, Inc. | &nbsp;&nbsp; 14523825 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp; 140238848 |
|  | **Materials—3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82815 | CF Industries Holdings, Inc. | &nbsp;&nbsp; 7014430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 107303 | Mosaic Co./The | &nbsp;&nbsp; 5315791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11333 | Scotts Miracle-Gro Co. | &nbsp;&nbsp; 818129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31656 | Steel Dynamics, Inc. | &nbsp;&nbsp; 3818980 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 16967330 |
|  | **Real Estate—1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19334 | Extra Space Storage, Inc. | &nbsp;&nbsp; 3051485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3753 | SBA Communications, Corp. | &nbsp;&nbsp; 1116630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35563<br><sup>1</sup> <br>| Zillow Group, Inc. | &nbsp;&nbsp; 1527787 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5695902 |
|  | **Utilities—0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2728 | National Fuel Gas Co. | &nbsp;&nbsp; 158388 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $451,540,582)<br>| &nbsp;&nbsp; 490471780 |
|  | INVESTMENT COMPANIES—3.7% |  |
| &nbsp;&nbsp; 8534259 | Federated Hermes Government Obligations Fund, Premier Shares, 4.19%<sup>3</sup> <br>| &nbsp;&nbsp; 8534259 |

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**3**

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| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | INVESTMENT COMPANIES—continued |  |
| 10195742 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%<sup>3</sup> <br>| $10195742 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $18,727,122)<br>| &nbsp;&nbsp;&nbsp; 18730001 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—101.7% <br>(IDENTIFIED COST $470,267,704)<br>| &nbsp;&nbsp; 509201781 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(1.7)%<sup>4</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (8468230) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $500733551 |

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Affiliated fund holdings are investment companies which are managed by the Adviser or an affiliate of the Adviser. Transactions with affiliated fund holdings during the period ended January 31, 2023, were as follows:

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| | | | |
|:---|:---|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares\***<br>| **Federated** <br>**Hermes** <br>**Institutional** <br>**Prime Value** <br>**Obligations Fund,** <br>**Institutional Shares**<br>| **Total of** <br>**Affiliated** <br>**Transactions**<br>|
| Value as of 10/31/2022 | $7385401 | $8548662 | $15934063 |
| Purchases at Cost | $19015769 | $18224793 | $37240562 |
| Proceeds from Sales | $(17866911) | $(16582643) | $(34449554) |
| Change in Unrealized Appreciation/Depreciation | $— | $2521 | $2521 |
| Net Realized Gain/(Loss) | $— | $2409 | $2409 |
| Value as of 1/31/2023 | $8534259 | $10195742 | $18730001 |
| Shares Held as of 1/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8534259 | &nbsp;&nbsp; 10195742 | &nbsp;&nbsp; 18730001 |
| Dividend Income | $— | $123495 | $123495 |

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

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

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

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| | |
|:---|:---|
| 1 | *Non-income-producing security.* |
| 2 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of January 31, 2023, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

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

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| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $8544289 | $8534260 |

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

3 *7-day net yield.* <br> 4 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of total net assets at January 31, 2023.

**Investment Valuation** 

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

◾ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

◾ 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.

◾ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

◾ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Federated MDTA LLC (the "Adviser").

◾ For securities that are fair valued in accordance with procedures established by and under the general supervision of 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

**4**

------

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.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act, the Fund's Board of Trustees (the "Trustees") have 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 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 January 31, 2023, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

**5**

------

## 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 MDT Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000009733

- **c. LEI of Series:** 254900LM4TFIVJJRHV48

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $513751919.66

**Total Liabilities:** $13076675.96

**Net Assets:** $500675243.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026743 | 6.71%                | -5.90%               | 10.96%               |
| Class ID C000026745 | 6.69%                | -6.01%               | 10.92%               |
| Class ID C000043493 | 6.74%                | -5.89%               | 11.02%               |
| Class ID C000082649 | 6.73%                | -5.90%               | 11.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2294354.83             | $32865432.82                               |
| Month 2  | $3453594.68              | $-32235322.40                              |
| Month 3  | $1679759.18              | $48068533.72                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agilent Technologies Inc                                    | Agilent Technologies Inc                             | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     17076 | NS      | $2596918.08   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc                           | Allison Transmission Holdings Inc                    | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    158765 | NS      | $7157126.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Altice USA Inc                                              | Altice USA Inc                                       | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    760081 | NS      | $3724396.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS Inc                                                   | ANSYS Inc                                            | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |     12248 | NS      | $3262377.28   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                                | AutoZone Inc                                         | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1615 | NS      | $3938742.75   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                               | Adaptive Biotechnologies Corp                        | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    682296 | NS      | $6324883.92   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                                 | Alnylam Pharmaceuticals Inc                          | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     14587 | NS      | $3302496.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                            | BJ's Wholesale Club Holdings Inc                     | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     10903 | NS      | $790140.41    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc                        | Bright Horizons Family Solutions Inc                 | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104418 | NS      | $8017214.04   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                  | CF Industries Holdings Inc                           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     82815 | NS      | $7014430.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                  | Cadence Design Systems Inc                           | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     53519 | NS      | $9784878.77   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding Inc                                    | Ceridian HCM Holding Inc                             | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      2029 | NS      | $146656.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                         | Cheniere Energy Inc                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     45857 | NS      | $7006491.03   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                         | Arista Networks Inc                                  | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     85791 | NS      | $10811381.82  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                                 | Avantor Inc                                          | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29899 | NS      | $714586.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc                | Charles River Laboratories International Inc         | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     12209 | NS      | $2969839.25   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                            | Genuine Parts Co                                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      2437 | NS      | $408977.34    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                                          | Albertsons Cos Inc                                   | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     83874 | NS      | $1778128.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                               | AppLovin Corp                                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    150080 | NS      | $1906016.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Cable One Inc                                               | Cable One Inc                                        | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      1947 | NS      | $1537896.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                  | Chipotle Mexican Grill Inc                           | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4104 | NS      | $6756743.52   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                                      | IDEXX Laboratories Inc                               | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |       297 | NS      | $142708.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                                   | Ionis Pharmaceuticals Inc                            | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     17988 | NS      | $717181.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                                   | Jabil Inc                                            | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     91679 | NS      | $7208719.77   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                    | Lamb Weston Holdings Inc                             | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     70892 | NS      | $7081401.88   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc                           | Maravai LifeSciences Holdings Inc                    | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124424 | NS      | $1824055.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                    | Microchip Technology Inc                             | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     42207 | NS      | $3276107.34   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                                       | Molina Healthcare Inc                                | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |     30184 | NS      | $9412276.72   | 1.88%             |  |  |  | Yes           |                  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        |  10195742 | NS      | $10195742.42  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                                | Synopsys Inc                                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      8612 | NS      | $3046495.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Syneos Health Inc                                           | Syneos Health Inc                                    | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |    192628 | NS      | $6919197.76   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                        | Tradeweb Markets Inc                                 | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34622 | NS      | $2580723.88   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                                      | AmerisourceBergen Corp                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     34478 | NS      | $5825402.88   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                            | Booz Allen Hamilton Holding Corp                     | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     84676 | NS      | $8013736.64   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                      | Diamondback Energy Inc                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     61909 | NS      | $9046143.08   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                                    | eBay Inc                                             | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     76870 | NS      | $3805065.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                                 | Gartner Inc                                          | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      8779 | NS      | $2968531.06   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                                            | EPAM Systems Inc                                     | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     19566 | NS      | $6508629.90   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                                | Fortinet Inc                                         | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    143280 | NS      | $7499275.20   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                                  | LPL Financial Holdings Inc                           | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     26308 | NS      | $6238152.96   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                                  | Splunk Inc                                           | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |      1619 | NS      | $155051.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                                  | Twilio Inc                                           | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     49400 | NS      | $2956096.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                      | Trane Technologies PLC                               | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     39782 | NS      | $7125751.84   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                          | IQVIA Holdings Inc                                   | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      6952 | NS      | $1594858.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                                   | Keysight Technologies Inc                            | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     15968 | NS      | $2863860.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                           | YETI Holdings Inc                                    | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     66218 | NS      | $2963917.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                                  | NetApp Inc                                           | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      4353 | NS      | $288299.19    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom Inc                                               | Nordstrom Inc                                        | CUSIP: 655664100<br>LEI: 549300S3IZB5P35KNV16 | Long             | EC               | CORP              | US        |    186666 | NS      | $3647453.64   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Paychex Inc                                                 | Paychex Inc                                          | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     94031 | NS      | $10894431.66  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                            | Pure Storage Inc                                     | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    224935 | NS      | $6509618.90   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                                  | ResMed Inc                                           | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      8618 | NS      | $1968092.66   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                          | Steel Dynamics Inc                                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     33502 | NS      | $4041681.28   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                               | Teradata Corp                                        | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     45361 | NS      | $1582191.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                           | Veeva Systems Inc                                    | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3562 | NS      | $607499.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                                        | Align Technology Inc                                 | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     25005 | NS      | $6744598.65   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                                 | Cognex Corp                                          | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     68802 | NS      | $3766221.48   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                        | Verisk Analytics Inc                                 | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2031 | NS      | $369215.49    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                                     | XPO Logistics Inc                                    | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |    175176 | NS      | $6982515.36   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                                            | Zillow Group Inc                                     | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     35563 | NS      | $1527786.48   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co Inc                                    | CommScope Holding Co Inc                             | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |    118714 | NS      | $997197.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                                       | Dell Technologies Inc                                | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    100953 | NS      | $4100710.86   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                                    | Etsy Inc                                             | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      5840 | NS      | $803467.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                              | Hershey Co/The                                       | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     42644 | NS      | $9577842.40   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                        | Las Vegas Sands Corp                                 | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      2536 | NS      | $149624.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                                    | MSCI Inc                                             | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       282 | NS      | $149899.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International Inc                               | Robert Half International Inc                        | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     85682 | NS      | $7193860.72   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                                   | Scotts Miracle-Gro Co/The                            | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     11333 | NS      | $818129.27    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                                | Teradyne Inc                                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      4839 | NS      | $492126.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                                | Xylem Inc/NY                                         | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      6580 | NS      | $684385.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Video Communications Inc                               | Zoom Video Communications Inc                        | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |    193651 | NS      | $14523825.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                                                 | StoneCo Ltd                                          | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |    594539 | NS      | $6635055.24   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                              | Halliburton Co                                       | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    127576 | NS      | $5258682.72   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                                   | IDEX Corp                                            | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      1434 | NS      | $343701.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                                             | Informatica Inc                                      | CUSIP: 45674M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84043 | NS      | $1495965.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Lululemon Athletica Inc                                     | Lululemon Athletica Inc                              | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     12238 | NS      | $3755597.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                               | McKesson Corp                                        | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4821 | NS      | $1825616.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                            | Mettler-Toledo International Inc                     | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      3340 | NS      | $5119952.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                            | Carlisle Cos Inc                                     | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      7484 | NS      | $1877436.24   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                           | Expedia Group Inc                                    | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129460 | NS      | $14797278.00  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                        | Targa Resources Corp                                 | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     27160 | NS      | $2037543.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| New Relic Inc                                               | New Relic Inc                                        | CUSIP: 64829B100<br>LEI: 549300AB8FY2HQILL804 | Long             | EC               | CORP              | US        |     60401 | NS      | $3687481.05   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                                 | Nutanix Inc                                          | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     91307 | NS      | $2544726.09   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                                 | Cintas Corp                                          | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11132 | NS      | $4939713.68   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                                  | DexCom Inc                                           | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     10959 | NS      | $1173599.31   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                        | Range Resources Corp                                 | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      8835 | NS      | $221051.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                                    | Sarepta Therapeutics Inc                             | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     36368 | NS      | $4544908.96   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank/New York NY                                  | Signature Bank/New York NY                           | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |     92538 | NS      | $11932775.10  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                                     | VF Corp                                              | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     22309 | NS      | $690240.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                                        | Western Union Co/The                                 | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    124405 | NS      | $1762818.85   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp                          | WillScot Mobile Mini Holdings Corp                   | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     95611 | NS      | $4633309.06   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                     | Extra Space Storage Inc                              | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     20294 | NS      | $3203002.02   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                                      | Tyler Technologies Inc                               | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      2011 | NS      | $649090.47    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                                 | Ovintiv Inc                                          | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16501 | NS      | $812344.23    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                             | Pegasystems Inc                                      | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    338649 | NS      | $13166673.12  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                                         | Quanta Services Inc                                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      5624 | NS      | $855916.56    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                              | Rocket Cos Inc                                       | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    362003 | NS      | $3406448.23   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| SBA Communications Corp                                     | SBA Communications Corp                              | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      3753 | NS      | $1116630.09   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                                          | Teladoc Health Inc                                   | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |    240633 | NS      | $7074610.20   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                          | Enphase Energy Inc                                   | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     13887 | NS      | $3074304.06   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                                     | Arthur J Gallagher & Co                              | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     12572 | NS      | $2460591.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                                             | WW Grainger Inc                                      | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |     10352 | NS      | $6102296.96   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                                    | Lyft Inc                                             | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    175078 | NS      | $2845017.50   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                               | Mosaic Co/The                                        | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |    107303 | NS      | $5315790.62   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corp                                                    | NCR Corp                                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     22589 | NS      | $619390.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                                  | Neurocrine Biosciences Inc                           | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     31074 | NS      | $3447038.82   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                                     | O'Reilly Automotive Inc                              | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      6973 | NS      | $5525056.55   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                                                | Teleflex Inc                                         | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |       653 | NS      | $158953.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                                 | Trex Co Inc                                          | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    227682 | NS      | $12003395.04  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                             | Ulta Beauty Inc                                      | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     24045 | NS      | $12358168.20  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                                | Vontier Corp                                         | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     10447 | NS      | $240594.41    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc                            | West Pharmaceutical Services Inc                     | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      2387 | NS      | $633987.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                       | Spotify Technology SA                                | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     97537 | NS      | $10994370.64  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                           | Tractor Supply Co                                    | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     25466 | NS      | $5805993.34   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                         | TransDigm Group Inc                                  | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       519 | NS      | $372512.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                    | Ameriprise Financial Inc                             | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      6093 | NS      | $2133281.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                         | Axon Enterprise Inc                                  | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      4075 | NS      | $796418.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                               | H&R Block Inc                                        | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     42108 | NS      | $1641369.84   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                                | Exelixis Inc                                         | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     74011 | NS      | $1304073.82   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc                              | Fortune Brands Home & Security Inc                   | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     52822 | NS      | $3407547.22   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                                    | MarketAxess Holdings Inc                             | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     16956 | NS      | $6169440.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                             | Match Group Inc                                      | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     14945 | NS      | $808823.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                        | National Fuel Gas Co                                 | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      2728 | NS      | $158387.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                         | Paycom Software Inc                                  | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      2607 | NS      | $844511.58    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                          | United Rentals Inc                                   | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      7382 | NS      | $3255092.90   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                                         | Williams-Sonoma Inc                                  | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      2127 | NS      | $287017.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES INC                                        | Federated Government Obligations Fund                | CUSIP: 60934N104<br>LEI: 254900VAJ9169N7JRF45 | Long             | EC               | RF                | US        |   8534259 | PA      | $8534259.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-23

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer