# EDGAR Filing Document

**Accession Number:** 0001849998
**File Stem:** 0001145549-23-017539
**Filing Date:** 2023-3
**Character Count:** 87360
**Document Hash:** 563ddfa47859c22c80c1884a3c1bae91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017539.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017539

**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**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes ETF Trust
- **CENTRAL INDEX KEY:** 0001849998
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23730
- **FILM NUMBER:** 23755216

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICCSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086
- **BUSINESS PHONE:** 412-288-1900

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

## Series and Classes Contracts Data

### Federated Hermes Short Duration Corporate ETF (Series ID: S000074173)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000231758 | Federated Hermes Short Duration Corporate ETF | XFCSX           |

## Nport-Ex

Federated Hermes Short Duration Corporate ETF

Portfolio of Investments

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—97.3% |  |
|  | **Basic Industry - Metals & Mining—1.4%** |  |
| $152000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 9/1/2025 | $139347 |
| &nbsp;&nbsp; 127000 | Southern Copper Corp., Sr. Unsecd. Note, 3.875%, 4/23/2025 | &nbsp;&nbsp; 123636 |
| &nbsp;&nbsp; 127000 | Steel Dynamics, Inc., Sr. Unsecd. Note, 2.800%, 12/15/2024 | &nbsp;&nbsp; 121969 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 384952 |
|  | **Capital Goods - Aerospace & Defense—2.6%** |  |
| &nbsp;&nbsp; 306000 | Boeing Co., Sr. Unsecd. Note, 4.875%, 5/1/2025 | &nbsp;&nbsp; 306011 |
| &nbsp;&nbsp; 152000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 3.625%, 5/15/2025 | &nbsp;&nbsp; 147398 |
| &nbsp;&nbsp; 254000 | Raytheon Technologies Corp., Sr. Unsecd. Note, 3.125%, 5/4/2027 | &nbsp;&nbsp; 241343 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694752 |
|  | **Capital Goods - Building Materials—0.7%** |  |
| &nbsp;&nbsp; 102000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 3.200%, 10/1/2024 | &nbsp;&nbsp; 98664 |
| &nbsp;&nbsp; 102000 | Carrier Global Corp., Sr. Unsecd. Note, 2.242%, 2/15/2025 | &nbsp;&nbsp; 96832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195496 |
|  | **Capital Goods - Construction Machinery—1.6%** |  |
| &nbsp;&nbsp; 152000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 1.500%, 8/12/2026 | &nbsp;&nbsp; 133810 |
| &nbsp;&nbsp; 152000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 4.200%, 1/15/2024 | &nbsp;&nbsp; 150649 |
| &nbsp;&nbsp; 152000 | Weir Group PLC/The, Sr. Unsecd. Note, 144A, 2.200%, 5/13/2026 | &nbsp;&nbsp; 136233 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420692 |
|  | **Capital Goods - Diversified Manufacturing—0.9%** |  |
| &nbsp;&nbsp; 102000 | Roper Technologies, Inc., Sr. Unsecd. Note, 3.850%, 12/15/2025 | &nbsp;&nbsp; 99123 |
| &nbsp;&nbsp; 152000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 1.800%, 4/1/2026 | &nbsp;&nbsp; 132013 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231136 |
|  | **Communications - Cable & Satellite—1.9%** |  |
| &nbsp;&nbsp; 204000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Series USD, 4.500%, 2/1/2024 | &nbsp;&nbsp; 202033 |
| &nbsp;&nbsp; 306000 | Comcast Corp., Sr. Unsecd. Note, 3.150%, 3/1/2026 | &nbsp;&nbsp; 295375 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 497408 |
|  | **Communications - Media & Entertainment—3.7%** |  |
| &nbsp;&nbsp; 152000 | Discovery Communications LLC, Sr. Unsecd. Note, 4.900%, 3/11/2026 | &nbsp;&nbsp; 150738 |
| &nbsp;&nbsp; 102000 | Grupo Televisa S.A., Sr. Unsecd. Note, 6.625%, 3/18/2025 | &nbsp;&nbsp; 104471 |
| &nbsp;&nbsp; 229000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.500%, 8/15/2027 | &nbsp;&nbsp; 219914 |
| &nbsp;&nbsp; 356000 | Netflix, Inc., Sr. Unsecd. Note, 4.375%, 11/15/2026 | &nbsp;&nbsp; 353376 |
| &nbsp;&nbsp; 152000 | Walt Disney Co., Sr. Unsecd. Note, 1.750%, 8/30/2024 | &nbsp;&nbsp; 145261 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973760 |
|  | **Communications - Telecom Wireless—1.1%** |  |
| &nbsp;&nbsp; 152000 | American Tower Corp., Sr. Unsecd. Note, 2.950%, 1/15/2025 | &nbsp;&nbsp; 146285 |
| &nbsp;&nbsp; 152000 | T-Mobile USA, Inc., Series WI, 3.500%, 4/15/2025 | &nbsp;&nbsp; 147599 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 293884 |
|  | **Communications - Telecom Wirelines—1.4%** |  |
| &nbsp;&nbsp; 254000 | AT&T, Inc., Sr. Unsecd. Note, 1.700%, 3/25/2026 | &nbsp;&nbsp; 233125 |
| &nbsp;&nbsp; 152000 | Rogers Communications, Inc., Sr. Unsecd. Note, 144A, 3.200%, 3/15/2027 | &nbsp;&nbsp; 142949 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376074 |
|  | **Consumer Cyclical - Automotive—4.0%** |  |
| &nbsp;&nbsp; 254000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.000%, 12/14/2026 | &nbsp;&nbsp; 228703 |
| &nbsp;&nbsp; 254000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 3.950%, 4/13/2024 | &nbsp;&nbsp; 250741 |
| &nbsp;&nbsp; 225000 | Mercedes-Benz Finance NA LLC, Sr. Unsecd. Note, 144A, 5.250%, 11/29/2027 | &nbsp;&nbsp; 231580 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Automotive—continued** |  |
| $102000 | Stellantis N.V., Sr. Unsecd. Note, 5.250%, 4/15/2023 | $101779 |
| &nbsp;&nbsp; 254000 | Volkswagen Group of America Finance LLC, Sr. Unsecd. Note, 144A, 3.350%, 5/13/2025 | &nbsp;&nbsp; 244622 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1057425 |
|  | **Consumer Cyclical - Retailers—1.9%** |  |
| &nbsp;&nbsp; 127000 | AutoNation, Inc., Sr. Unsecd. Note, 3.500%, 11/15/2024 | &nbsp;&nbsp; 122670 |
| &nbsp;&nbsp; 254000 | Home Depot, Inc., Sr. Unsecd. Note, 3.750%, 2/15/2024 | &nbsp;&nbsp; 251321 |
| &nbsp;&nbsp; 127000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 3.850%, 6/15/2023 | &nbsp;&nbsp; 126650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500641 |
|  | **Consumer Cyclical - Services—0.9%** |  |
| &nbsp;&nbsp; 225000 | Amazon.com, Inc., Sr. Unsecd. Note, 4.550%, 12/1/2027 | &nbsp;&nbsp; 227857 |
|  | **Consumer Non-Cyclical - Food/Beverage—5.0%** |  |
| &nbsp;&nbsp; 254000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 3.650%, 2/1/2026 | &nbsp;&nbsp; 248211 |
| &nbsp;&nbsp; 152000 | Coca-Cola Company, Sr. Unsecd. Note, 1.750%, 9/6/2024 | &nbsp;&nbsp; 146098 |
| &nbsp;&nbsp; 152000 | Fomento Economico Mexicano, SA de C.V., 2.875%, 5/10/2023 | &nbsp;&nbsp; 150989 |
| &nbsp;&nbsp; 152000 | Grupo Bimbo S.A.B. de CV, Sr. Unsecd. Note, 144A, 3.875%, 6/27/2024 | &nbsp;&nbsp; 149740 |
| &nbsp;&nbsp; 127000 | International Flavors & Fragrances, Inc., Sr. Unsecd. Note, 144A, 1.230%, 10/1/2025 | &nbsp;&nbsp; 114203 |
| &nbsp;&nbsp; 152000 | JDE Peet's B.V., Sr. Unsecd. Note, 144A, 0.800%, 9/24/2024 | &nbsp;&nbsp; 140409 |
| &nbsp;&nbsp; 204000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.000%, 6/1/2026 | &nbsp;&nbsp; 194173 |
| &nbsp;&nbsp; 204000 | Sysco Corp., Sr. Unsecd. Note, 3.300%, 7/15/2026 | &nbsp;&nbsp; 196228 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1340051 |
|  | **Consumer Non-Cyclical - Health Care—4.8%** |  |
| &nbsp;&nbsp; 152000 | Alcon Finance Corp., Sr. Unsecd. Note, 144A, 2.750%, 9/23/2026 | &nbsp;&nbsp; 141287 |
| &nbsp;&nbsp; 152000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.363%, 6/6/2024 | &nbsp;&nbsp; 148961 |
| &nbsp;&nbsp; 254000 | CVS Health Corp., Sr. Unsecd. Note, 1.300%, 8/21/2027 | &nbsp;&nbsp; 220321 |
| &nbsp;&nbsp; 450000 | GE Healthcare Holding LLC, Sr. Unsecd. Note, 144A, 5.650%, 11/15/2027 | &nbsp;&nbsp; 466246 |
| &nbsp;&nbsp; 152000 | PerkinElmer, Inc., Sr. Unsecd. Note, 0.850%, 9/15/2024 | &nbsp;&nbsp; 142252 |
| &nbsp;&nbsp; 152000 | Thermo Fisher Scientific, Inc., Sr. Unsecd. Note, 1.215%, 10/18/2024 | &nbsp;&nbsp; 143556 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1262623 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—2.1%** |  |
| &nbsp;&nbsp; 204000 | AbbVie, Inc., Sr. Unsecd. Note, 2.600%, 11/21/2024 | &nbsp;&nbsp; 196596 |
| &nbsp;&nbsp; 152000 | Bayer US Finance LLC, Sr. Unsecd. Note, 144A, 3.375%, 10/8/2024 | &nbsp;&nbsp; 147922 |
| &nbsp;&nbsp; 68000 | Takeda Pharmaceutical Co. Ltd., Sr. Unsecd. Note, 4.400%, 11/26/2023 | &nbsp;&nbsp; 67731 |
| &nbsp;&nbsp; 152000 | Zoetis, Inc., Sr. Unsecd. Note, 3.000%, 9/12/2027 | &nbsp;&nbsp; 143421 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 555670 |
|  | **Consumer Non-Cyclical - Tobacco—2.4%** |  |
| &nbsp;&nbsp; 204000 | Altria Group, Inc., Sr. Unsecd. Note, 4.000%, 1/31/2024 | &nbsp;&nbsp; 201858 |
| &nbsp;&nbsp; 204000 | BAT Capital Corp., Sr. Unsecd. Note, 2.789%, 9/6/2024 | &nbsp;&nbsp; 197391 |
| &nbsp;&nbsp; 225000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.125%, 11/17/2027 | &nbsp;&nbsp; 229958 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 629207 |
|  | **Energy - Independent—1.7%** |  |
| &nbsp;&nbsp; 204000 | Canadian Natural Resources Ltd., Sr. Unsecd. Note, 3.800%, 4/15/2024 | &nbsp;&nbsp; 200964 |
| &nbsp;&nbsp; 259000 | Hess Corp., Sr. Unsecd. Note, 3.500%, 7/15/2024 | &nbsp;&nbsp; 252998 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453962 |
|  | **Energy - Integrated—0.8%** |  |
| &nbsp;&nbsp; 204000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 5.375%, 7/15/2025 | &nbsp;&nbsp; 204150 |
|  | **Energy - Midstream—4.4%** |  |
| &nbsp;&nbsp; 306000 | Energy Transfer Partners LP, Sr. Unsecd. Note, 4.050%, 3/15/2025 | &nbsp;&nbsp; 299950 |
| &nbsp;&nbsp; 204000 | MPLX LP, Sr. Unsecd. Note, 4.875%, 12/1/2024 | &nbsp;&nbsp; 203607 |
| &nbsp;&nbsp; 204000 | ONEOK Partners LP, Sr. Unsecd. Note, 4.900%, 3/15/2025 | &nbsp;&nbsp; 203169 |
| &nbsp;&nbsp; 254000 | Targa Resources, Inc., Sr. Unsecd. Note, 5.200%, 7/1/2027 | &nbsp;&nbsp; 255381 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—continued** |  |
| $204000 | Williams Partners LP, Sr. Unsecd. Note, 3.900%, 1/15/2025 | $199803 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1161910 |
|  | **Energy - Refining—0.8%** |  |
| &nbsp;&nbsp; 204000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.700%, 5/1/2025 | &nbsp;&nbsp; 203593 |
|  | **Financial Institution - Banking—24.3%** |  |
| &nbsp;&nbsp; 254000 | American Express Co., Sr. Unsecd. Note, 3.400%, 2/22/2024 | &nbsp;&nbsp; 250004 |
| &nbsp;&nbsp; 1018000<br><sup>1</sup> <br>| Bank of America Corp., Sr. Unsecd. Note, Series MTN, 0.981%, 9/25/2025 | &nbsp;&nbsp; 949222 |
| &nbsp;&nbsp; 254000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 1.600%, 4/24/2025 | &nbsp;&nbsp; 237731 |
| &nbsp;&nbsp; 739000<br><sup>1</sup> <br>| Citigroup, Inc., Sr. Unsecd. Note, 3.106%, 4/8/2026 | &nbsp;&nbsp; 708655 |
| &nbsp;&nbsp; 250000<br><sup>1</sup> <br>| Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 264528 |
| &nbsp;&nbsp; 50000 | FNB Corp. (PA), Sr. Unsecd. Note, 5.150%, 8/25/2025 | &nbsp;&nbsp; 49813 |
| &nbsp;&nbsp; 637000<br><sup>1</sup> <br>| Goldman Sachs Group, Inc., Sr. Unsecd. Note, Series VAR, 1.093%, 12/9/2026 | &nbsp;&nbsp; 569412 |
| &nbsp;&nbsp; 1018000<br><sup>1</sup> <br>| JPMorgan Chase & Co., Sr. Unsecd. Note, 1.040%, 2/4/2027 | &nbsp;&nbsp; 906506 |
| &nbsp;&nbsp; 250000 | Manufacturers & Traders Trust Co., Sr. Unsecd. Note, 4.700%, 1/27/2028 | &nbsp;&nbsp; 249463 |
| &nbsp;&nbsp; 764000<br><sup>1</sup> <br>| Morgan Stanley, Sr. Unsecd. Note, Series MTN, 1.164%, 10/21/2025 | &nbsp;&nbsp; 711956 |
| &nbsp;&nbsp; 254000 | PNC Bank National Association, Sr. Unsecd. Note, Series BKNT, 3.300%, 10/30/2024 | &nbsp;&nbsp; 249007 |
| &nbsp;&nbsp; 254000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 3.500%, 1/23/2024 | &nbsp;&nbsp; 250419 |
| &nbsp;&nbsp; 254000<br><sup>1</sup> <br>| Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.267%, 3/2/2027 | &nbsp;&nbsp; 229731 |
| &nbsp;&nbsp; 254000<br><sup>1</sup> <br>| US Bancorp, Sr. Unsecd. Note, Series MTN, 2.215%, 1/27/2028 | &nbsp;&nbsp; 232166 |
| &nbsp;&nbsp; 637000<br><sup>1</sup> <br>| Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.164%, 2/11/2026 | &nbsp;&nbsp; 601074 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 6459687 |
|  | **Financial Institution - Finance Companies—2.6%** |  |
| &nbsp;&nbsp; 254000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, Series 3NC1, 1.750%, 10/29/2024 | &nbsp;&nbsp; 236878 |
| &nbsp;&nbsp; 204000 | Air Lease Corp., Sr. Unsecd. Note, Series MTN, 0.700%, 2/15/2024 | &nbsp;&nbsp; 194578 |
| &nbsp;&nbsp; 254000 | NTT Finance Corp., Sr. Unsecd. Note, 144A, 4.372%, 7/27/2027 | &nbsp;&nbsp; 253959 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685415 |
|  | **Financial Institution - Insurance - Health—2.6%** |  |
| &nbsp;&nbsp; 204000 | Centene Corp., Sr. Unsecd. Note, Series WI, 4.250%, 12/15/2027 | &nbsp;&nbsp; 195691 |
| &nbsp;&nbsp; 254000 | Elevance Health, Inc., Sr. Unsecd. Note, 3.650%, 12/1/2027 | &nbsp;&nbsp; 244979 |
| &nbsp;&nbsp; 250000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 5.250%, 2/15/2028 | &nbsp;&nbsp; 260632 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 701302 |
|  | **Financial Institution - Insurance - Life—1.1%** |  |
| &nbsp;&nbsp; 127000 | AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.200%, 3/11/2025 | &nbsp;&nbsp; 123180 |
| &nbsp;&nbsp; 167000 | American International Group, Sr. Unsecd. Note, 2.500%, 6/30/2025 | &nbsp;&nbsp; 158923 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282103 |
|  | **Financial Institution - Insurance - P&C—0.9%** |  |
| &nbsp;&nbsp; 254000 | CNA Financial Corp., Sr. Unsecd. Note, 3.950%, 5/15/2024 | &nbsp;&nbsp; 250365 |
|  | **Financial Institution - REIT - Apartment—0.4%** |  |
| &nbsp;&nbsp; 127000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.950%, 9/1/2026 | &nbsp;&nbsp; 118980 |
|  | **Financial Institution - REIT - Healthcare—0.5%** |  |
| &nbsp;&nbsp; 127000 | Health Care REIT, Inc., Sr. Unsecd. Note, 4.000%, 6/1/2025 | &nbsp;&nbsp; 124167 |
|  | **Financial Institution - REIT - Office—1.4%** |  |
| &nbsp;&nbsp; 254000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 3.450%, 4/30/2025 | &nbsp;&nbsp; 246793 |
| &nbsp;&nbsp; 127000 | Boston Properties LP, Sr. Unsecd. Note, 3.200%, 1/15/2025 | &nbsp;&nbsp; 122623 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369416 |
|  | **Technology—8.8%** |  |
| &nbsp;&nbsp; 254000 | Apple, Inc., Sr. Unsecd. Note, 3.450%, 5/6/2024 | &nbsp;&nbsp; 251428 |
| &nbsp;&nbsp; 204000 | Broadcom Corp., Sr. Unsecd. Note, 3.125%, 1/15/2025 | &nbsp;&nbsp; 197310 |
| &nbsp;&nbsp; 254000 | CDW LLC / CDW Finance, Sr. Unsecd. Note, 2.670%, 12/1/2026 | &nbsp;&nbsp; 228366 |
| &nbsp;&nbsp; 204000 | Fiserv, Inc., Sr. Unsecd. Note, 2.750%, 7/1/2024 | &nbsp;&nbsp; 197673 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $152000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.550%, 10/30/2024 | $151256 |
| &nbsp;&nbsp; 254000 | Micron Technology, Inc., Sr. Unsecd. Note, 4.185%, 2/15/2027 | &nbsp;&nbsp; 247600 |
| &nbsp;&nbsp; 254000 | Microsoft Corp., Sr. Unsecd. Note, 2.875%, 2/6/2024 | &nbsp;&nbsp; 249472 |
| &nbsp;&nbsp; 204000 | Oracle Corp., Sr. Unsecd. Note, 1.650%, 3/25/2026 | &nbsp;&nbsp; 186048 |
| &nbsp;&nbsp; 152000 | Skyworks Solutions, Inc., Sr. Unsecd. Note, 0.900%, 6/1/2023 | &nbsp;&nbsp; 149653 |
| &nbsp;&nbsp; 254000 | Verisk Analytics, Inc., Unsecd. Note, 4.000%, 6/15/2025 | &nbsp;&nbsp; 248753 |
| &nbsp;&nbsp; 254000 | VMware, Inc., Sr. Unsecd. Note, 1.000%, 8/15/2024 | &nbsp;&nbsp; 238818 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 2346377 |
|  | **Technology Services—0.7%** |  |
| &nbsp;&nbsp; 204000 | Global Payments, Inc., Sr. Unsecd. Note, 2.650%, 2/15/2025 | &nbsp;&nbsp; 194584 |
|  | **Transportation - Railroads—0.6%** |  |
| &nbsp;&nbsp; 152000 | Kansas City Southern Industries, Inc., Sr. Unsecd. Note, 3.000%, 5/15/2023 | &nbsp;&nbsp; 151258 |
|  | **Transportation - Services—1.6%** |  |
| &nbsp;&nbsp; 152000 | GXO Logistics, Inc., Sr. Unsecd. Note, 1.650%, 7/15/2026 | &nbsp;&nbsp; 132632 |
| &nbsp;&nbsp; 152000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 2.700%, 11/1/2024 | &nbsp;&nbsp; 144935 |
| &nbsp;&nbsp; 152000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 2.500%, 9/1/2024 | &nbsp;&nbsp; 145845 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423412 |
|  | **Utility - Electric—7.2%** |  |
| &nbsp;&nbsp; 254000 | Ameren Corp., Sr. Unsecd. Note, 1.950%, 3/15/2027 | &nbsp;&nbsp; 228560 |
| &nbsp;&nbsp; 90000 | American Electric Power Co., Inc., Sr. Unsecd. Note, Series O, 5.750%, 11/1/2027 | &nbsp;&nbsp; 93933 |
| &nbsp;&nbsp; 204000 | Dominion Energy, Inc., Jr. Sub. Note, 3.071%, 8/15/2024 | &nbsp;&nbsp; 197948 |
| &nbsp;&nbsp; 204000 | Duke Energy Corp., Sr. Unsecd. Note, 3.750%, 4/15/2024 | &nbsp;&nbsp; 201295 |
| &nbsp;&nbsp; 127000 | Emera US Finance LP, Sr. Unsecd. Note, 3.550%, 6/15/2026 | &nbsp;&nbsp; 120474 |
| &nbsp;&nbsp; 152000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 2.650%, 9/10/2024 | &nbsp;&nbsp; 146045 |
| &nbsp;&nbsp; 152000 | EverSource Energy, Sr. Unsecd. Note, Series L, 2.900%, 10/1/2024 | &nbsp;&nbsp; 147587 |
| &nbsp;&nbsp; 225000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 4.800%, 3/15/2028 | &nbsp;&nbsp; 227106 |
| &nbsp;&nbsp; 254000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 3.550%, 5/1/2027 | &nbsp;&nbsp; 243820 |
| &nbsp;&nbsp; 254000 | NiSource, Inc., Sr. Unsecd. Note, 0.950%, 8/15/2025 | &nbsp;&nbsp; 231489 |
| &nbsp;&nbsp; 82000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 5.150%, 10/1/2027 | &nbsp;&nbsp; 83819 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1922076 |
|  | **Utility - Natural Gas—0.5%** |  |
| &nbsp;&nbsp; 127000 | OGE Energy Corp., Sr. Unsecd. Note, 0.703%, 5/26/2023 | &nbsp;&nbsp; 125273 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $27,143,824)<br>| &nbsp;&nbsp; 25819658 |
|  | INVESTMENT COMPANY—2.0% |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 530564 | Federated Hermes Institutional Prime Value Obligations Fund, Institutional Shares, 4.41%<sup>2</sup> <br>(IDENTIFIED COST $530,345)<br>| &nbsp;&nbsp; 530564 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.3% <br>(IDENTIFIED COST $27,674,169)<br>| &nbsp;&nbsp; 26350222 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.7%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180366 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL NET ASSETS—100% | $26530588 |

---

At January 31, 2023, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 5-Year Long Futures | 17 | $1857117 | March 2023 | $20682 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | $20682 |

---

**4**

------

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:

---

| | | | |
|:---|:---|:---|:---|
|  | **Bank Loan** <br>**Core Fund**<br>| **Federated Hermes** <br>**Institutional** <br>**Prime Value** <br>**Obligations Fund,** <br>**Institutional Shares**<br>| **Total of** <br>**Affiliated** <br>**Transactions**<br>|
| Value as of 4/30/2022 | $1702752 | $174740 | $1877492 |
| Purchases at Cost | $— | $3657281 | $3657281 |
| Proceeds from Sales | $(1588266) | $(3301587) | $(4889853) |
| Change in Unrealized Appreciation/Depreciation | $47248 | $211 | $47459 |
| Net Realized Gain/(Loss) | $(161734) | $(81) | $(161815) |
| Value as of 1/31/2023 | $— | $530564 | $530564 |
| Shares Held as of 1/31/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 530564 | &nbsp;&nbsp;&nbsp;&nbsp; 530564 |
| Dividend Income | $40141 | $53394 | $93535 |

---

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

1 *Floating/variable note with current rate and current maturity or next reset date shown.* <br> 2 *7-day net yield.* <br> 3 *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:

◾ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

◾ 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 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 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.

**5**

------

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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of January 31, 2023, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | $— | $25819658 | $— | $25819658 |
| **Investment Company** | &nbsp;&nbsp; 530564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530564 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | $530564 | $25819658 | $— | $26350222 |
| **Other Financial Instruments:** |  |  |  |  |
| Assets | $20682 | $— | $— | $20682 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | $20682 | $— | $— | $20682 |

---

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BKNT | —Bank Notes |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |

---

**6**

------

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-23730

- **c. CIK number of Registrant:** 0001849998

- **d. LEI of Registrant:** 2549000FKW49U2D1SG36

- **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:** 800-341-7400

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

- **a. Name of Series:** Federated Hermes Short Duration Corporate ETF

- **b. EDGAR series identifier (if any):** S000074173

- **c. LEI of Series:** 254900F0DR134ILZZ365

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

- **a. Date of fiscal year-end:** 2023-04-30

- **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:** $26583199.04

**Total Liabilities:** $52610.76

**Net Assets:** $26530588.28

**Cash Not Reported:** $4916.87

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -43.859402000000 | **1-Year:** -2895.561687000000 | **5-Year:** -3504.728133000000 | **10-Year:** -1.404322000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -0.078938000000 | **1-Year:** -19.063028000000 | **5-Year:** -24.079079000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000231758 | 1.87%                | 0.04%                | 1.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-90.22                  | $378604.89                                 |
| Month 2  | $7.22                    | $-16673.44                                 |
| Month 3  | $113.53                  | $344813.40                                 |

### Schedule of Portfolio Investments

| Name                                                        | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VOLKSWAGEN GROUP AMERICA                                    | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BE1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    254000 | PA      | $244622.26    | 0.92%             | 2025-05-13      | Fixed         | 3.35%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                    | AT&T Inc                                                                        | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    254000 | PA      | $233125.37    | 0.88%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    254000 | PA      | $236877.87    | 0.89%             | 2024-10-29      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                              | Air Lease Corp                                                                  | CUSIP: 00914AAL6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    204000 | PA      | $194577.84    | 0.73%             | 2024-02-15      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                          | Alcon Finance Corp                                                              | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    152000 | PA      | $141286.94    | 0.53%             | 2026-09-23      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Altria Group Inc                                            | Altria Group Inc                                                                | CUSIP: 02209SAS2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    204000 | PA      | $201857.97    | 0.76%             | 2024-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                         | American Tower Corp                                                             | CUSIP: 03027XAV2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    152000 | PA      | $146285.35    | 0.55%             | 2025-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                               | AIA Group Ltd                                                                   | CUSIP: 00131LAB1<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    127000 | PA      | $123180.11    | 0.46%             | 2025-03-11      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC                                                  | AbbVie Inc                                                                      | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    204000 | PA      | $196596.49    | 0.74%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                    | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AL3<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    254000 | PA      | $246792.90    | 0.93%             | 2025-04-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                 | Ameren Corp                                                                     | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    254000 | PA      | $228560.19    | 0.86%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                     | American Electric Power Co Inc                                                  | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93933.13     | 0.35%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                                         | American International Group Inc                                                | CUSIP: 026874DQ7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    167000 | PA      | $158923.05    | 0.60%             | 2025-06-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                   | Apple Inc                                                                       | CUSIP: 037833AS9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    254000 | PA      | $251427.92    | 0.95%             | 2024-05-06      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                         | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    152000 | PA      | $133810.02    | 0.50%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                                   | Boeing Co/The                                                                   | CUSIP: 097023CT0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    306000 | PA      | $306010.50    | 1.15%             | 2025-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                         | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $228366.32    | 0.86%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                      | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAJ3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    152000 | PA      | $150648.72    | 0.57%             | 2024-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                                          | CNA Financial Corp                                                              | CUSIP: 126117AS9<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    254000 | PA      | $250365.08    | 0.94%             | 2024-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                     | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AT8<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    204000 | PA      | $200963.45    | 0.76%             | 2024-04-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                         | Carrier Global Corp                                                             | CUSIP: 14448CAN4<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    102000 | PA      | $96831.92     | 0.36%             | 2025-02-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                    | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BQ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    204000 | PA      | $202032.91    | 0.76%             | 2024-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AutoNation Inc                                              | AutoNation Inc                                                                  | CUSIP: 05329WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $122670.18    | 0.46%             | 2024-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                            | BAT Capital Corp                                                                | CUSIP: 05526DBG9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    204000 | PA      | $197391.19    | 0.74%             | 2024-09-06      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                         | Dominion Energy Inc                                                             | CUSIP: 25746UDB2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    204000 | PA      | $197947.53    | 0.75%             | 2024-08-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                                         | Emera US Finance LP                                                             | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127000 | PA      | $120474.36    | 0.45%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                        | Bank of America Corp                                                            | CUSIP: 06051GJG5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1018000 | PA      | $949221.91    | 3.58%             | 2025-09-25      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                        | Boston Properties LP                                                            | CUSIP: 10112RAZ7<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    127000 | PA      | $122622.67    | 0.46%             | 2025-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                             | CVS Health Corp                                                                 | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    254000 | PA      | $220321.31    | 0.83%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    204000 | PA      | $195691.08    | 0.74%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                               | Citigroup Inc                                                                   | CUSIP: 172967MQ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    739000 | PA      | $708654.71    | 2.67%             | 2026-04-08      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                            | Coca-Cola Co/The                                                                | CUSIP: 191216CL2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    152000 | PA      | $146098.35    | 0.55%             | 2024-09-06      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                      | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    254000 | PA      | $228703.51    | 0.86%             | 2026-12-14      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp                                            | Duke Energy Corp                                                                | CUSIP: 26441CAN5<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    204000 | PA      | $201294.52    | 0.76%             | 2024-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                    | FNB Corp/PA                                                                     | CUSIP: 302520AC5<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49812.70     | 0.19%             | 2025-08-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                          | Meta Platforms Inc                                                              | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    229000 | PA      | $219914.14    | 0.83%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                         | Global Payments Inc                                                             | CUSIP: 37940XAA0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    204000 | PA      | $194584.07    | 0.73%             | 2025-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    637000 | PA      | $569411.70    | 2.15%             | 2026-12-09      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| Grupo Televisa SAB                                          | Grupo Televisa SAB                                                              | CUSIP: 40049JAV9<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |    102000 | PA      | $104470.95    | 0.39%             | 2025-03-18      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                            | Welltower Inc                                                                   | CUSIP: 42217KBF2<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    127000 | PA      | $124166.88    | 0.47%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                  | Leidos Inc                                                                      | CUSIP: 52532XAD7<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    152000 | PA      | $147398.41    | 0.56%             | 2025-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                                    | Manufacturers & Traders Trust Co                                                | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249462.78    | 0.94%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                              | Microsoft Corp                                                                  | CUSIP: 594918BX1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    254000 | PA      | $249471.91    | 0.94%             | 2024-02-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                       | Micron Technology Inc                                                           | CUSIP: 595112BP7<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    254000 | PA      | $247600.43    | 0.93%             | 2027-02-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                    | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HFG2<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227105.62    | 0.86%             | 2028-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    254000 | PA      | $243820.23    | 0.92%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ONEOK Partners LP                                           | ONEOK Partners LP                                                               | CUSIP: 68268NAP8<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    204000 | PA      | $203169.35    | 0.77%             | 2025-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                 | PNC Bank NA                                                                     | CUSIP: 69353REF1<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    254000 | PA      | $249006.76    | 0.94%             | 2024-10-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                    | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $144934.49    | 0.55%             | 2024-11-01      | Fixed         | 2.70%                 | Yes           |                  2 | On Loan: No      |
| PERKINELMER INC                                             | PerkinElmer Inc                                                                 | CUSIP: 714046AL3<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    152000 | PA      | $142252.24    | 0.54%             | 2024-09-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                      | Philip Morris International Inc                                                 | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229957.47    | 0.87%             | 2027-11-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                    | Rogers Communications Inc                                                       | CUSIP: 775109CB5<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |    152000 | PA      | $142948.57    | 0.54%             | 2027-03-15      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Roper Technologies Inc                                      | Roper Technologies Inc                                                          | CUSIP: 776743AB2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    102000 | PA      | $99122.79     | 0.37%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                        | Southern Copper Corp                                                            | CUSIP: 84265VAH8<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |    127000 | PA      | $123635.77    | 0.47%             | 2025-04-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                                        | Weir Group PLC/The                                                              | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    152000 | PA      | $136233.24    | 0.51%             | 2026-05-13      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                      | Williams Partners LP                                                            | CUSIP: 96950FAQ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    204000 | PA      | $199802.53    | 0.75%             | 2025-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                      | US 5YR NOTE (CBT) MAR23                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        17 | NC      | $20682.22     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer Partners LP                                                     | CUSIP: 29273RBD0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    306000 | PA      | $299949.62    | 1.13%             | 2025-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                           | Eversource Energy                                                               | CUSIP: 30040WAD0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    152000 | PA      | $147587.05    | 0.56%             | 2024-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                  | Fiserv Inc                                                                      | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    204000 | PA      | $197672.57    | 0.75%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FOMENTO ECONOMICO MEX                                       | Fomento Economico Mexicano SAB de CV                                            | CUSIP: 344419AA4<br>LEI: 549300A8MDWDJNMLV153 | Long             | DBT              | CORP              | MX        |    152000 | PA      | $150989.20    | 0.57%             | 2023-05-10      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                      | General Motors Financial Co Inc                                                 | CUSIP: 37045XBW5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    254000 | PA      | $250741.04    | 0.95%             | 2024-04-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Grupo Bimbo SAB de CV                                       | Grupo Bimbo SAB de CV                                                           | CUSIP: 40052VAC8<br>LEI: 5493000RIXURZEBFEV60 | Long             | DBT              | CORP              | MX        |    152000 | PA      | $149739.73    | 0.56%             | 2024-06-27      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                                              | Home Depot Inc/The                                                              | CUSIP: 437076BC5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    254000 | PA      | $251320.95    | 0.95%             | 2024-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                    | International Flavors & Fragrances Inc                                          | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    127000 | PA      | $114202.73    | 0.43%             | 2025-10-01      | Fixed         | 1.23%                 | Yes           |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                        | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    204000 | PA      | $194172.70    | 0.73%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | 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        |    530564 | NS      | $530564.15    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT FINANCE CORP                                            | NTT Finance Corp                                                                | CUSIP: 62954WAK1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    254000 | PA      | $253959.56    | 0.96%             | 2027-07-27      | Fixed         | 4.37%                 | Yes           |                  2 | On Loan: No      |
| Netflix Inc                                                 | Netflix Inc                                                                     | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    356000 | PA      | $353376.28    | 1.33%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                | NiSource Inc                                                                    | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    254000 | PA      | $231489.25    | 0.87%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                                     | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAD9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    127000 | PA      | $126649.86    | 0.48%             | 2023-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                 | Oracle Corp                                                                     | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    204000 | PA      | $186048.17    | 0.70%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                            | T-Mobile USA Inc                                                                | CUSIP: 87264ABB0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    152000 | PA      | $147598.77    | 0.56%             | 2025-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                                       | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060AT3<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |     68000 | PA      | $67731.38     | 0.26%             | 2023-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                        | Targa Resources Corp                                                            | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    254000 | PA      | $255381.45    | 0.96%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                    | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    152000 | PA      | $143555.88    | 0.54%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                  | US Bancorp                                                                      | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    254000 | PA      | $232166.50    | 0.88%             | 2028-01-27      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                      | UnitedHealth Group Inc                                                          | CUSIP: 91324PEP3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260632.10    | 0.98%             | 2028-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                                        | Verisk Analytics Inc                                                            | CUSIP: 92345YAD8<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    254000 | PA      | $248753.56    | 0.94%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                  | VMware Inc                                                                      | CUSIP: 928563AH8<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    254000 | PA      | $238818.00    | 0.90%             | 2024-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                       | Wells Fargo & Co                                                                | CUSIP: 95000U2K8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    637000 | PA      | $601074.38    | 2.27%             | 2026-02-11      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY SOUTHERN                                        | Kansas City Southern                                                            | CUSIP: 485170AV6<br>LEI: 5493008C12PZMWP3WY03 | Long             | DBT              | CORP              | US        |    152000 | PA      | $151258.34    | 0.57%             | 2023-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                | Comcast Corp                                                                    | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    306000 | PA      | $295375.58    | 1.11%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                           | GXO Logistics Inc                                                               | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    152000 | PA      | $132632.49    | 0.50%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                                   | Hess Corp                                                                       | CUSIP: 42809HAF4<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    259000 | PA      | $252998.08    | 0.95%             | 2024-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JDE PEET'S NV                                               | JDE Peet's NV                                                                   | CUSIP: 47216QAA1<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    152000 | PA      | $140408.84    | 0.53%             | 2024-09-24      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                     | MPLX LP                                                                         | CUSIP: 55336VAG5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    204000 | PA      | $203606.74    | 0.77%             | 2024-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                     | Marathon Petroleum Corp                                                         | CUSIP: 56585ABH4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    204000 | PA      | $203593.26    | 0.77%             | 2025-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECH CORP                                          | Raytheon Technologies Corp                                                      | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    254000 | PA      | $241343.29    | 0.91%             | 2027-05-04      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                        | WEC Energy Group Inc                                                            | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     82000 | PA      | $83818.91     | 0.32%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                                      | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAD6<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    102000 | PA      | $98663.84     | 0.37%             | 2024-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                              | Amazon.com Inc                                                                  | CUSIP: 023135CP9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227856.52    | 0.86%             | 2027-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| American Express Co                                         | American Express Co                                                             | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    254000 | PA      | $250004.16    | 0.94%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                     | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    254000 | PA      | $248211.60    | 0.94%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                         | Elevance Health Inc                                                             | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    254000 | PA      | $244978.35    | 0.92%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                      | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RAN7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    254000 | PA      | $237731.13    | 0.90%             | 2025-04-24      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance LLC                                        | Bayer US Finance LLC                                                            | CUSIP: 07274EAG8<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    152000 | PA      | $147921.50    | 0.56%             | 2024-10-08      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson and Co                                     | Becton Dickinson and Co                                                         | CUSIP: 075887BV0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    152000 | PA      | $148960.81    | 0.56%             | 2024-06-06      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                     | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    204000 | PA      | $197309.76    | 0.74%             | 2025-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                          | Cenovus Energy Inc                                                              | CUSIP: 15135UAS8<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    204000 | PA      | $204150.23    | 0.77%             | 2025-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                     | Walt Disney Co/The                                                              | CUSIP: 254687FK7<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    152000 | PA      | $145260.48    | 0.55%             | 2024-08-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                    | Discovery Communications LLC                                                    | CUSIP: 25470DAL3<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    152000 | PA      | $150737.91    | 0.57%             | 2026-03-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                        | Enel Finance International NV                                                   | CUSIP: 29278GAL2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    152000 | PA      | $146044.87    | 0.55%             | 2024-09-10      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| STELLANTIS NV                                               | Fiat Chrysler Automobiles NV                                                    | CUSIP: 31562QAF4<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    102000 | PA      | $101778.66    | 0.38%             | 2023-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                         | Fifth Third Bancorp                                                             | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264527.75    | 1.00%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                      | GE Healthcare Holding LLC                                                       | CUSIP: 36267VAE3<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466246.23    | 1.76%             | 2027-11-15      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                        | Glencore Funding LLC                                                            | CUSIP: 378272AX6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    152000 | PA      | $139347.36    | 0.53%             | 2025-09-01      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                         | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1018000 | PA      | $906505.61    | 3.42%             | 2027-02-04      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                       | Keysight Technologies Inc                                                       | CUSIP: 49338LAB9<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    152000 | PA      | $151256.11    | 0.57%             | 2024-10-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                        | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JAC1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231579.99    | 0.87%             | 2027-11-29      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                              | Morgan Stanley                                                                  | CUSIP: 61747YEG6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    764000 | PA      | $711956.40    | 2.68%             | 2025-10-21      | Fixed         | 1.16%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                             | OGE Energy Corp                                                                 | CUSIP: 670837AC7<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |    127000 | PA      | $125273.10    | 0.47%             | 2023-05-26      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                      | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AV7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    254000 | PA      | $250419.06    | 0.94%             | 2024-01-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                            | Ryder System Inc                                                                | CUSIP: 78355HKN8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    152000 | PA      | $145844.67    | 0.55%             | 2024-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                      | Skyworks Solutions Inc                                                          | CUSIP: 83088MAJ1<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149652.58    | 0.56%             | 2023-06-01      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                          | Steel Dynamics Inc                                                              | CUSIP: 858119BJ8<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    127000 | PA      | $121968.79    | 0.46%             | 2024-12-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                           | Sysco Corp                                                                      | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    204000 | PA      | $196227.69    | 0.74%             | 2026-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                       | Truist Financial Corp                                                           | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    254000 | PA      | $229731.39    | 0.87%             | 2027-03-02      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                     | UDR Inc                                                                         | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    127000 | PA      | $118979.94    | 0.45%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                | Vontier Corp                                                                    | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    152000 | PA      | $132013.52    | 0.50%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                  | Zoetis Inc                                                                      | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    152000 | PA      | $143420.88    | 0.54%             | 2027-09-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Federated Hermes ETF Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes ETF Trust

**Title:** Chief Compliance Officer