# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001145549-23-002459
**Filing Date:** 2023-1
**Character Count:** 36384
**Document Hash:** 190e4624ce87139a65cfbaea973ecc0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002459.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002459

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Adviser Series
- **CENTRAL INDEX KEY:** 0001707560
- **IRS NUMBER:** 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:** 23547738

**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 Global Equity Fund (Series ID: S000065055)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000210638 | Class C Shares       |  |
| C000210639 | Class R6 Shares      | FGERX           |
| C000210640 | Institutional Shares | FHGIX           |
| C000210641 | 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 Global Equity Fund

- **b. EDGAR series identifier (if any):** S000065055

- **c. LEI of Series:** 254900FESUO721DW0C36

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $18645480.97

**Total Liabilities:** $142092.81

**Net Assets:** $18503388.16

**Cash Not Reported:** $459971.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210638 | 0.00%                | 0.00%                | 0.00%                |
| Class ID C000210639 | -10.42%              | 6.81%                | 8.50%                |
| Class ID C000210640 | -10.35%              | 6.81%                | 8.50%                |
| Class ID C000210641 | 0.00%                | 0.00%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-199348.75              | $-1639565.08                               |
| Month 2  | $-31280.52               | $1099657.98                                |
| Month 3  | $3472.59                 | $1432483.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Analog Devices Inc                      | Analog Devices Inc                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       563 | NS      | $96785.33     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                            | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3660 | NS      | $369623.40    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                         | TJX Cos Inc/The                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4051 | NS      | $324282.55    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd              | China Mengniu Dairy Co Ltd                | CUSIP: 000000000<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | HK        |     25400 | NS      | $113655.00    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| IBM                                     | International Business Machines Corp      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1481 | NS      | $220520.90    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half International Inc           | Robert Half International Inc             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      1009 | NS      | $79489.02     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| M&G PLC                                 | M&G PLC                                   | CUSIP: 000000000<br>LEI: 254900TWUJUQ44TQJY84 | Long             | EC               | CORP              | GB        |     17347 | NS      | $40643.27     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                | Crowdstrike Holdings Inc                  | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       926 | NS      | $108943.90    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc            | Thermo Fisher Scientific Inc              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       316 | NS      | $177029.52    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                | UGI Corp                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      3015 | NS      | $116529.75    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                    | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      2180 | NS      | $180896.40    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Signify NV                              | Signify NV                                | CUSIP: 000000000<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |      2721 | NS      | $93650.39     | 0.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aker BP ASA                             | Aker BP ASA                               | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |      7441 | NS      | $259598.00    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                         | Sony Corp                                 | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      2000 | NS      | $165544.59    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Omron Corp                              | OMRON CORP                                | CUSIP: 000000000<br>LEI: 549300ZHW0TR2QZ0NY83 | Long             | EC               | CORP              | JP        |      1500 | NS      | $78266.37     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                         | Dollar Tree Inc                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      1356 | NS      | $203793.24    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LG H&H Co Ltd                           | LG Household & Health Care Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        72 | NS      | $36406.55     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Reddy's Laboratories Ltd             | Dr Reddy's Laboratories Ltd               | CUSIP: 000000000<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |      1350 | NS      | $74906.05     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                            | Prysmian SpA                              | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      3626 | NS      | $127656.83    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                           | Goodman Group                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     10012 | NS      | $132301.87    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                                | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1039 | NS      | $225463.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                         | Norsk Hydro ASA                           | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     32684 | NS      | $246619.54    | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                | Vinci SA                                  | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       810 | NS      | $82470.12     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                          | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3273 | NS      | $315975.42    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                     | Kimberly-Clark Corp                       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       553 | NS      | $75003.39     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                | Prudential Financial Inc                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      2580 | NS      | $278717.40    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc               | Warner Bros Discovery Inc                 | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      3804 | NS      | $43365.60     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Home & Security Inc      | Fortune Brands Home & Security Inc        | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      2919 | NS      | $190727.46    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property & Casualty Co Ltd         | PICC Property & Casualty Co Ltd           | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |     46000 | NS      | $46367.88     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Pfizer Inc                              | Pfizer Inc                                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4651 | NS      | $233154.63    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd             | Kurita Water Industries Ltd               | CUSIP: 000000000<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |      3000 | NS      | $134036.07    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp              | Capital One Financial Corp                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      2343 | NS      | $241891.32    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                               | Hess Corp                                 | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      2339 | NS      | $336605.49    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT                                     | Nippon Telegraph & Telephone Corp         | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |      2611 | NS      | $72350.76     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Magazine Luiza SA                       | Magazine Luiza SA                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     50300 | NS      | $33052.89     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                               | Amgen Inc                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       423 | NS      | $121147.20    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                           | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     22357 | NS      | $228018.71    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc              | Verizon Communications Inc                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      6221 | NS      | $242494.58    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc             | American Water Works Co Inc               | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       508 | NS      | $77094.08     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                              | Zoetis Inc                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1529 | NS      | $235680.06    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd             | Royal Caribbean Cruises Ltd               | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |      1425 | NS      | $85400.25     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                             | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      1265 | NS      | $214075.95    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc           | Automatic Data Processing Inc             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      1018 | NS      | $268894.52    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                   | Travelers Cos Inc/The                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1918 | NS      | $364055.58    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                               | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6053 | NS      | $896025.59    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                  | Trane Technologies PLC                    | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1740 | NS      | $310450.80    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp                        | Nitto Denko Corp                          | CUSIP: 000000000<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |      1900 | NS      | $120329.69    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                     | American Tower Corp                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |       847 | NS      | $187398.75    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                        | Novo Nordisk A/S                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      2965 | NS      | $371187.41    | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                 | O'Reilly Automotive Inc                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       222 | NS      | $191927.88    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                       | Lam Research Corp                         | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       337 | NS      | $159192.06    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                               | NESTLE SA                                 | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      2124 | NS      | $252754.29    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp                 | Panasonic Corp                            | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |     23600 | NS      | $220374.58    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tate & Lyle PLC                         | Tate & Lyle PLC                           | CUSIP: 000000000<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |     21000 | NS      | $187133.86    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                           | Citigroup Inc                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      3434 | NS      | $166239.94    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                     | Abbott Laboratories                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2790 | NS      | $300148.20    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                           | M&T Bank Corp                             | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1391 | NS      | $236497.82    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                        | Roche Holding AG                          | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       760 | NS      | $247028.22    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                    | Bank of America Corp                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      8312 | NS      | $314609.20    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                          | Prudential PLC                            | CUSIP: 000000000<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | EC               | CORP              | GB        |      9914 | NS      | $118284.02    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd      | Hong Kong Exchanges & Clearing Ltd        | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |      1400 | NS      | $55872.53     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Mosaic Co/The                           | Mosaic Co/The                             | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      2329 | NS      | $119477.70    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                              | Copart Inc                                | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      1067 | NS      | $71019.52     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                         | Best Buy Co Inc                           | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1118 | NS      | $95365.40     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INT'L                          | Shenzhen International Holdings Ltd       | CUSIP: 000000000<br>LEI: 5493002NKD14ZZMEJF98 | Long             | EC               | CORP              | HK        |     86681 | NS      | $79942.30     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                      | Ingersoll Rand Inc                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      1517 | NS      | $81872.49     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                          | salesforce.com Inc                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       340 | NS      | $54485.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                      | Walt Disney Co/The                        | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4150 | NS      | $406160.50    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                     | Delta Air Lines Inc                       | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      3192 | NS      | $112901.04    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                | MSCI Inc                                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       190 | NS      | $96487.70     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                          | Stora Enso Oyj                            | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     10371 | NS      | $153663.11    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                         | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1585 | NS      | $214474.14    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                         | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       646 | NS      | $392944.79    | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                            | Iberdrola SA                              | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      9221 | NS      | $104371.88    | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                           | UniCredit SpA                             | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     11229 | NS      | $154704.77    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd | Ping An Insurance Group Co of China Ltd   | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     38000 | NS      | $235405.18    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                           | Accenture PLC                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1011 | NS      | $304240.23    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                               | Chubb Ltd                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       780 | NS      | $171280.20    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT         | Telekomunikasi Indonesia Persero Tbk PT   | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |    569500 | NS      | $146439.09    | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                         | CVS Health Corp                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1074 | NS      | $109419.12    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Husqvarna AB                            | Husqvarna AB                              | CUSIP: 000000000<br>LEI: 549300GYQIIJ3UXB7655 | Long             | EC               | CORP              | SE        |      6858 | NS      | $54325.42     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corp                  | FUJIFILM Holdings Corp                    | CUSIP: 000000000<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |      1300 | NS      | $70327.05     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                          | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2622 | NS      | $668977.08    | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                | Svenska Cellulosa AB SCA                  | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     15605 | NS      | $213701.63    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                               | ORIX Corp                                 | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |      4200 | NS      | $67793.36     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                 | Procter & Gamble Co/The                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1517 | NS      | $226275.72    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                   | Costco Wholesale Corp                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       509 | NS      | $274478.25    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc               | Rogers Communications Inc                 | CUSIP: 775109200<br>LEI: 54930030NVF3Y2OL0A78 | Long             | EC               | CORP              | CA        |      4568 | NS      | $210138.53    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Fire & Marine Insurance Co Ltd  | Samsung Fire & Marine Insurance Co Ltd    | CUSIP: 000000000<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |       604 | NS      | $94562.08     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| SolarEdge Technologies Inc              | SolarEdge Technologies Inc                | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |       338 | NS      | $101014.68    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                 | Bristol-Myers Squibb Co                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      3111 | NS      | $249751.08    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Giant Manufacturing Co Ltd              | Giant Manufacturing Co Ltd                | CUSIP: 000000000<br>LEI: 549300M7TYVF50B2GY12 | Long             | EC               | CORP              | TW        |     17616 | NS      | $132990.10    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| General Mills Inc                       | General Mills Inc                         | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      2097 | NS      | $178874.10    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd              | SAMSUNG ELECTRONICS CO LTD                | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      5491 | NS      | $263698.25    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| FedEx Corp                              | FedEx Corp                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       767 | NS      | $139762.74    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                         | Weyerhaeuser Co                           | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |      6610 | NS      | $216213.10    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                          | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       306 | NS      | $161731.49    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer