# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001145549-23-002458
**Filing Date:** 2023-1
**Character Count:** 29962
**Document Hash:** 2bd1b7f2cd05d2992b5ff5c14a412590
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002458.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002458

**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**: 20230531

**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:** 23547733

**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 Emerging Markets Equity Fund (Series ID: S000066201)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000213940 | Class C Shares       |  |
| C000213941 | Class R6 Shares      | FRIEX           |
| C000213942 | Institutional Shares | PIEFX           |
| C000213943 | 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 Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000066201

- **c. LEI of Series:** 2549007TB3APR22X3X65

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

- **a. Date of fiscal year-end:** 2023-05-31

- **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:** $62634580.98

**Total Liabilities:** $263468.07

**Net Assets:** $62371112.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213941 | -13.65%              | -3.97%               | 17.16%               |
| Class ID C000213942 | -13.65%              | -3.97%               | 17.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $984.85                  | $-8578800.34                               |
| Month 2  | $-136116.38              | $-1878759.63                               |
| Month 3  | $-492724.47              | $9619031.77                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LG Energy Solution Ltd                                      | LG Energy Solution Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       707 | NS      | $319153.99    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                                     | Sea Ltd                                                         | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      4251 | NS      | $248130.87    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAD INTELLIGENT                                            | Wuxi Lead Intelligent Equipment Co Ltd                          | CUSIP: 000000000<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |     93700 | NS      | $577051.63    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                                 | China Merchants Bank Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    168956 | NS      | $858993.17    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Frontken Corp Bhd                                           | Frontken Corp Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    914200 | NS      | $648276.10    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Silergy Corp                                                | Silergy Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22840 | NS      | $353221.26    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Press Metal Aluminium Holdings                              | Press Metal Aluminium Holdings Bhd                              | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |    502700 | NS      | $552925.41    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co Ltd                                      | NARI Technology Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    144920 | NS      | $541467.95    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiwin Technologies Corp                                     | Hiwin Technologies Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     42525 | NS      | $260495.46    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| 3R PETROLEUM OLEO E GAS SA                                  | 3R PETROLEUM OLEO E GAS SA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    154630 | NS      | $1102211.97   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomage Biotechnology Corp Lt                              | Bloomage Biotechnology Corp Ltd                                 | CUSIP: 000000000<br>LEI: 3003000JYMDZWD0IUE82 | Long             | EC               | CORP              | CN        |     21664 | NS      | $329813.75    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Energy New Material                                  | Yunnan Energy New Material Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     38100 | NS      | $667532.65    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                                  | JD.com Inc                                                      | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     19517 | NS      | $555801.15    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                   | Taiwan Semiconductor Manufacturing Co Ltd                       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    243385 | NS      | $3888367.21   | 6.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                           | Banco Bradesco SA                                               | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    148701 | NS      | $441641.97    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                              | Dino Polska SA                                                  | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     12388 | NS      | $1015142.09   | 1.63%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Airtac International Group                                  | Airtac International Group                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     33063 | NS      | $1028072.63   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                              | CMOC Group Ltd                                                  | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    579000 | NS      | $271088.75    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Aerospace Industries Ltd                              | Korea Aerospace Industries Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     21258 | NS      | $789443.96    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                                      | Kweichow Moutai Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2390 | NS      | $537066.49    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale Indonesia Tbk PT                                       | Vale Indonesia Tbk PT                                           | CUSIP: 000000000<br>LEI: 5299002HHYBH7C6WBQ62 | Long             | EC               | CORP              | ID        |   1245100 | NS      | $587399.43    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                                       | ASPEED Technology Inc                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10274 | NS      | $718943.84    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| TIGERMED                                                    | Hangzhou Tigermed Consulting Co Ltd                             | CUSIP: 000000000<br>LEI: 300300CP4N8WDF6DOO67 | Long             | EC               | CORP              | CN        |     69700 | NS      | $661763.38    | 1.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CTOS Digital Bhd                                            | CTOS Digital Bhd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1841700 | NS      | $592384.34    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                                   | Wuxi Biologics Cayman Inc                                       | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |    121059 | NS      | $792678.46    | 1.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| INOVANCE                                                    | Shenzhen Inovance Technology Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     79650 | NS      | $785670.78    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                   | Alibaba Group Holding Ltd                                       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    192719 | NS      | $2103284.83   | 3.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd                                         | Varun Beverages Ltd                                             | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |     87256 | NS      | $1353767.56   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Aier Eye Hospital Group Co Ltd                              | Aier Eye Hospital Group Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     98021 | NS      | $374407.12    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                        | Southern Copper Corp                                            | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | PE        |     11947 | NS      | $729005.94    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund | Federated Institutional Prime Value Obligations Fund            | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |   2817744 | NS      | $2816616.80   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                                | Ganfeng Lithium Co Ltd                                          | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |    146760 | NS      | $1294898.70   | 2.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Localiza Rent a Car SA                                      | Localiza Rent a Car SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     42572 | NS      | $493043.87    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                                | Kaspi.KZ JSC                                                    | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      6088 | NS      | $462999.66    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinhomes JSC                                                | Vinhomes JSC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    249390 | NS      | $551820.84    | 0.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SK Hynix Inc                                                | SK Hynix Inc                                                    | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     10289 | NS      | $680579.81    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                             | Gold Fields Ltd                                                 | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     19429 | NS      | $216633.35    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuaishou Technology                                         | Kuaishou Technology                                             | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |    102100 | NS      | $745074.92    | 1.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Globant SA                                                  | Globant SA                                                      | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | UY        |      2652 | NS      | $496931.76    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                               | HDFC Bank Ltd                                                   | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     18380 | NS      | $1297076.60   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sao Martinho SA                                             | Sao Martinho SA                                                 | CUSIP: 000000000<br>LEI: 549300R3Z74BNJBF4161 | Long             | EC               | CORP              | BR        |     30619 | NS      | $169104.13    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                                     | Saudi National Bank/The                                         | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     40583 | NS      | $558440.77    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de C                              | Sociedad Quimica y Minera de Chile SA                           | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     13504 | NS      | $1339056.64   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                   | Zijin Mining Group Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900ABI5CBFXD01Q05 | Long             | EC               | CORP              | CN        |    998022 | NS      | $1302972.71   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                        | Saudi Arabian Oil Co                                            | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |     68880 | NS      | $615657.82    | 0.99%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd                                | Max Healthcare Institute Ltd                                    | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     73898 | NS      | $411548.20    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakao Corp                                                  | Kakao Corp                                                      | CUSIP: 000000000<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |     16110 | NS      | $708105.54    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                                     | Reliance Industries Ltd                                         | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     56732 | NS      | $1912171.98   | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilibili Inc                                                | Bilibili Inc                                                    | CUSIP: 000000000<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |     37660 | NS      | $645965.92    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ecopro BM Co Ltd                                            | Ecopro BM Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15670 | NS      | $1383140.95   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank for Foreign Trade of Viet                              | Bank for Foreign Trade of Vietnam JSC                           | CUSIP: 000000000<br>LEI: 2549004TS5QUBFGAWE51 | Long             | EC               | CORP              | VN        |    274756 | NS      | $911972.52    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                                   | Capitec Bank Holdings Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      8466 | NS      | $992104.08    | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                               | AIA Group Ltd                                                   | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     62594 | NS      | $638395.27    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CATL                                                        | Contemporary Amperex Technology Co Ltd                          | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     10200 | NS      | $553183.09    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Airports of Thailand PCL                                    | Airports of Thailand PCL                                        | CUSIP: 000000000<br>LEI: 5299006VS4CU6LW0TY22 | Long             | EC               | CORP              | TH        |    482400 | NS      | $1029345.37   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| IHH Healthcare Bhd                                          | IHH Healthcare Bhd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    217300 | NS      | $283381.68    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                                    | Bank Central Asia Tbk PT                                        | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   2534270 | NS      | $1507912.09   | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                                | MediaTek Inc                                                    | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     38704 | NS      | $939502.40    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                                | Wal-Mart de Mexico SAB de CV                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    278481 | NS      | $1100558.53   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                            | MercadoLibre Inc                                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       997 | NS      | $928192.05    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                        | Tencent Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     79064 | NS      | $2970964.81   | 4.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Medlive Technology Co Ltd                                   | Medlive Technology Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    336500 | NS      | $420926.24    | 0.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                  | SAMSUNG ELECTRONICS CO LTD                                      | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     43188 | NS      | $2074048.42   | 3.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co Ltd                                          | Samsung SDI Co Ltd                                              | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      2926 | NS      | $1647632.79   | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co Ltd                            | Samsung Electro-Mechanics Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6676 | NS      | $729999.71    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                           | Airtel Africa PLC                                               | CUSIP: 000000000<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |    337580 | NS      | $502238.54    | 0.81%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Intelbras SA Industria de Tele                              | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     83302 | NS      | $516408.67    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                                     | Meituan                                                         | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    101800 | NS      | $2186377.71   | 3.51%             |  |  |  | Yes           |                  2 | On Loan: No      |
| momo.com Inc                                                | momo.com Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     22029 | NS      | $437164.47    | 0.70%             |  |  |  | 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