# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001193125-25-212428
**Filing Date:** 2025-9
**Character Count:** 71723
**Document Hash:** 467b615f7a0762637e0f2f79fa5101b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-212428.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001193125-25-212428

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Equity Funds
- **CENTRAL INDEX KEY:** 0000745968

**ORGANIZATION NAME:**
- **EIN:** 251470423
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04017
- **FILM NUMBER:** 251331892

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED HERMES EQUITY FUNDS
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19950810

## Series and Classes Contracts Data

### Federated Hermes MDT Mid Cap Growth Fund (Series ID: S000009733)

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

## Nport-Ex

Federated Hermes MDT Mid Cap Growth Fund

Portfolio of Investments

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—97.6% |  |
|  | **Communication Services—5.9%** |  |
| &nbsp;&nbsp;&nbsp; 1062040<br><sup>1</sup> <br>| DoubleVerify Holdings, Inc. | &nbsp;&nbsp; $16270453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 348186<br><sup>1</sup> <br>| Live Nation Entertainment, Inc. | &nbsp;&nbsp; 51427072 |
| &nbsp;&nbsp;&nbsp; 1236058<br><sup>1</sup> <br>| ROBLOX Corp. | &nbsp;&nbsp; 170316432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6607<br><sup>1</sup> <br>| Spotify Technology S.A. | &nbsp;&nbsp; 4139550 |
| &nbsp;&nbsp;&nbsp; 1185453<br><sup>1</sup> <br>| TripAdvisor, Inc. | &nbsp;&nbsp; 20733573 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 262887080 |
|  | **Consumer Discretionary—20.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2321<br><sup>1</sup> <br>| AutoZone, Inc. | &nbsp;&nbsp; 8746410 |
| &nbsp;&nbsp;&nbsp; 1907627<br><sup>1</sup> <br>| Carnival Corp. | &nbsp;&nbsp; 56790056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206028<br><sup>1</sup> <br>| Carvana Co. | &nbsp;&nbsp; 80385945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278333<br><sup>1</sup> <br>| Chewy, Inc. | &nbsp;&nbsp; 10214821 |
| &nbsp;&nbsp;&nbsp; 1467276<br><sup>1</sup> <br>| Coupang, Inc. | &nbsp;&nbsp; 43181933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444025<br><sup>1</sup> <br>| Deckers Outdoor Corp. | &nbsp;&nbsp; 47142134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30223 | Dick's Sporting Goods, Inc. | &nbsp;&nbsp; 6392467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38475 | Domino's Pizza, Inc. | &nbsp;&nbsp; 17822005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87511<br><sup>1</sup> <br>| DoorDash, Inc. | &nbsp;&nbsp; 21899628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100611<br><sup>1</sup> <br>| Duolingo, Inc. | &nbsp;&nbsp; 34866742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119746<br><sup>1</sup> <br>| Dutch Bros, Inc. | &nbsp;&nbsp; 7097345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100902 | eBay, Inc. | &nbsp;&nbsp; 9257758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223795<br><sup>1</sup> <br>| Expedia Group, Inc. | &nbsp;&nbsp; 40332335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 383021<br><sup>1</sup> <br>| Five Below, Inc. | &nbsp;&nbsp; 52290027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 289541 | Flutter Entertainment PLC | &nbsp;&nbsp; 87516663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157718 | H&R Block, Inc. | &nbsp;&nbsp; 8570396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 99777 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 26748218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62632<br><sup>1</sup> <br>| Lululemon Athletica, Inc. | &nbsp;&nbsp; 12559595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 744389<br><sup>1</sup> <br>| Norwegian Cruise Line Holdings Ltd. | &nbsp;&nbsp; 19026583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246832 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 78460488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195799 | Texas Roadhouse, Inc. | &nbsp;&nbsp; 36248269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258752 | Tractor Supply Co. | &nbsp;&nbsp; 14735926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76463<br><sup>1</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 39379210 |
| &nbsp;&nbsp;&nbsp; 2182295<br><sup>1</sup> <br>| Viking Holdings Ltd. | &nbsp;&nbsp; 128144362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272084 | Yum! Brands, Inc. | &nbsp;&nbsp; 39220908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 927030224 |
|  | **Consumer Staples—2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396894 | Albertsons Cos., Inc. | &nbsp;&nbsp; 7628303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162519<br><sup>1</sup> <br>| Celsius Holdings, Inc. | &nbsp;&nbsp; 7368611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156201 | Clorox Co. | &nbsp;&nbsp; 19612598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 461119<br><sup>1</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 22119878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266108<br><sup>1</sup> <br>| Sprouts Farmers Market, Inc. | &nbsp;&nbsp; 40326006 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97055396 |
|  | **Energy—2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209338 | Cheniere Energy, Inc. | &nbsp;&nbsp; 49378647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251367 | Targa Resources, Inc. | &nbsp;&nbsp; 41829983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502347 | Weatherford International PLC | &nbsp;&nbsp; 28407723 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 119616353 |
|  | **Financials—10.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346451 | Allstate Corp. | &nbsp;&nbsp; 70416166 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250372 | Ameriprise Financial, Inc. | &nbsp;&nbsp; $129740267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184005<br><sup>1</sup> <br>| Arch Capital Group Ltd. | &nbsp;&nbsp; 15835470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196265 | Brown & Brown | &nbsp;&nbsp; 17932733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26106<br><sup>1</sup> <br>| Coinbase Global, Inc. | &nbsp;&nbsp; 9861803 |
| &nbsp;&nbsp;&nbsp; 1317294 | Equitable Holdings, Inc. | &nbsp;&nbsp; 67643047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24077 | MSCI, Inc., Class A | &nbsp;&nbsp; 13515865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167536<br><sup>1</sup> <br>| Robinhood Markets, Inc. | &nbsp;&nbsp; 17264585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166058 | Ryan Specialty Group Holdings, Inc. | &nbsp;&nbsp; 10161089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91851<br><sup>1</sup> <br>| SoFi Technologies, Inc. | &nbsp;&nbsp; 2073996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339371<br><sup>1</sup> <br>| StoneCo Ltd. | &nbsp;&nbsp; 4337161 |
| &nbsp;&nbsp;&nbsp; 1685784<br><sup>1</sup> <br>| Toast, Inc. | &nbsp;&nbsp; 82333690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45418<br><sup>1</sup> <br>| WEX, Inc. | &nbsp;&nbsp; 7706526 |
| &nbsp;&nbsp;&nbsp; 1047538 | XP, Inc. | &nbsp;&nbsp; 16907263 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 465729661 |
|  | **Health Care—13.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 242645<br><sup>1</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 31303631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253248<br><sup>1</sup> <br>| Alnylam Pharmaceuticals, Inc. | &nbsp;&nbsp; 99333996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359518 | Cardinal Health, Inc. | &nbsp;&nbsp; 55804384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316705 | Cencora, Inc. | &nbsp;&nbsp; 90602966 |
| &nbsp;&nbsp;&nbsp; 1140723<br><sup>1</sup> <br>| Dexcom, Inc. | &nbsp;&nbsp; 92136197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505708<br><sup>1</sup> <br>| Exelixis, Inc. | &nbsp;&nbsp; 18316744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15069<br><sup>1</sup> <br>| IDEXX Laboratories, Inc. | &nbsp;&nbsp; 8051517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124860<br><sup>1</sup> <br>| Illumina, Inc. | &nbsp;&nbsp; 12824371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151925<br><sup>1</sup> <br>| Insmed, Inc. | &nbsp;&nbsp; 16298514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182439<br><sup>1</sup> <br>| Insulet Corp. | &nbsp;&nbsp; 52615408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15879<br><sup>1</sup> <br>| IQVIA Holdings, Inc. | &nbsp;&nbsp; 2951271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109760<br><sup>1</sup> <br>| Molina Healthcare, Inc. | &nbsp;&nbsp; 17327811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200179<br><sup>1</sup> <br>| Natera, Inc. | &nbsp;&nbsp; 26755925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 808246<br><sup>1</sup> <br>| Sarepta Therapeutics, Inc. | &nbsp;&nbsp; 13271399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146286<br><sup>1</sup> <br>| Veeva Systems, Inc. | &nbsp;&nbsp; 41574481 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 579168615 |
|  | **Industrials—18.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 414464 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp; 37330772 |
| &nbsp;&nbsp;&nbsp; 1812957<br><sup>1</sup> <br>| American Airlines Group, Inc. | &nbsp;&nbsp; 20830876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38388<br><sup>1</sup> <br>| Axon Enterprise, Inc. | &nbsp;&nbsp; 29001750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41217 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp; 10201620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294629 | BWX Technologies, Inc. | &nbsp;&nbsp; 44762984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42902 | Comfort Systems USA, Inc. | &nbsp;&nbsp; 30172977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153377 | Emcor Group, Inc. | &nbsp;&nbsp; 96242534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163334 | Fastenal Co. | &nbsp;&nbsp; 7534597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374894<br><sup>1</sup> <br>| Generac Holdings, Inc. | &nbsp;&nbsp; 72988113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28588 | HEICO Corp. | &nbsp;&nbsp; 9342558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397696 | Howmet Aerospace, Inc. | &nbsp;&nbsp; 71493810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14631 | Hubbell, Inc. | &nbsp;&nbsp; 6400770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41603 | Lennox International, Inc. | &nbsp;&nbsp; 25336227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73761<br><sup>1</sup> <br>| Loar Holdings, Inc. | &nbsp;&nbsp; 5451676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900548<br><sup>1</sup> <br>| Lyft, Inc. | &nbsp;&nbsp; 12661705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146878 | Paycom Software, Inc. | &nbsp;&nbsp; 34008132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96693 | Quanta Services, Inc. | &nbsp;&nbsp; 39269928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 278294<br><sup>1</sup> <br>| Rocket Lab Corp. | &nbsp;&nbsp; 12779260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42577 | Rockwell Automation, Inc. | &nbsp;&nbsp; 14974757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 581148 | Rollins, Inc. | &nbsp;&nbsp; 33282346 |

---

**2**

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---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Industrials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275367 | Southwest Airlines Co. | &nbsp;&nbsp; $8517101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22127 | Trane Technologies PLC | &nbsp;&nbsp; 9693396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19564<br><sup>1</sup> <br>| TransDigm, Inc. | &nbsp;&nbsp; 31467911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421720 | Veralto Corp. | &nbsp;&nbsp; 44208908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130354 | Verisk Analytics, Inc. | &nbsp;&nbsp; 36330963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562371 | Vertiv Holdings Co. | &nbsp;&nbsp; 81881218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9866 | W.W. Grainger, Inc. | &nbsp;&nbsp; 10256102 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 836422991 |
|  | **Information Technology—18.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 714652<br><sup>1</sup> <br>| Bill.Com Holdings, Inc. | &nbsp;&nbsp; 30622838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 417647<br><sup>1</sup> <br>| CloudFlare, Inc. | &nbsp;&nbsp; 86736929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 578727 | Cognex Corp. | &nbsp;&nbsp; 23594700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240762<br><sup>1</sup> <br>| Datadog, Inc. | &nbsp;&nbsp; 33701865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508895<br><sup>1</sup> <br>| Dynatrace Holdings LLC | &nbsp;&nbsp; 26772966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 142564<br><sup>1</sup> <br>| Enphase Energy, Inc. | &nbsp;&nbsp; 4613371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87765<br><sup>1</sup> <br>| EPAM Systems, Inc. | &nbsp;&nbsp; 13841418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8703<br><sup>1</sup> <br>| Fair Isaac & Co., Inc. | &nbsp;&nbsp; 12503774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499248<br><sup>1</sup> <br>| Five9, Inc. | &nbsp;&nbsp; 12895576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66311<br><sup>1</sup> <br>| Gartner, Inc., Class A | &nbsp;&nbsp; 22456220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165784<br><sup>1</sup> <br>| Gitlab, Inc. | &nbsp;&nbsp; 7262997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117089<br><sup>1</sup> <br>| GoDaddy, Inc. | &nbsp;&nbsp; 18919241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151649<br><sup>1</sup> <br>| Guidewire Software, Inc. | &nbsp;&nbsp; 34306037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88933<br><sup>1</sup> <br>| HubSpot, Inc. | &nbsp;&nbsp; 46214033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436405<br><sup>1</sup> <br>| Kyndryl Holdings, Inc. | &nbsp;&nbsp; 16483017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164712 | NetApp, Inc. | &nbsp;&nbsp; 17151461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 969835<br><sup>1</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 72902497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53555<br><sup>1</sup> <br>| Okta, Inc. | &nbsp;&nbsp; 5237679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55552<br><sup>1</sup> <br>| Onto Innovation, Inc. | &nbsp;&nbsp; 5263552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25888<br><sup>1</sup> <br>| Palantir Technologies, Inc. | &nbsp;&nbsp; 4099365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620147<br><sup>1</sup> <br>| Pure Storage, Inc. | &nbsp;&nbsp; 36911149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 397978<br><sup>1</sup> <br>| Rubrik, Inc. | &nbsp;&nbsp; 37788011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 464769 | Teradyne, Inc. | &nbsp;&nbsp; 49930134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54984<br><sup>1</sup> <br>| Twilio, Inc. | &nbsp;&nbsp; 7092936 |
| &nbsp;&nbsp;&nbsp; 4230834<br><sup>1</sup> <br>| UiPath, Inc. | &nbsp;&nbsp; 49712299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 447652<br><sup>1</sup> <br>| Zscaler, Inc. | &nbsp;&nbsp; 127831505 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 804845570 |
|  | **Materials—1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 889802 | Celanese Corp. | &nbsp;&nbsp; 46474358 |
|  | **Real Estate—0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128148 | Iron Mountain, Inc. | &nbsp;&nbsp; 12476489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41187 | Simon Property Group, Inc. | &nbsp;&nbsp; 6746019 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19222508 |
|  | **Utilities—3.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 396717 | NRG Energy, Inc. | &nbsp;&nbsp; 66331082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486365 | Vistra Corp. | &nbsp;&nbsp; 101426557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 167757639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $3,702,591,675)<br>| &nbsp;&nbsp; 4326210395 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | INVESTMENT COMPANY—2.3% |  |
| 102121777 | Federated Hermes Government Obligations Fund, Premier Shares, 4.24%<sup>2</sup> <br>(IDENTIFIED COST $102,121,777)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102121777 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.9% <br>(IDENTIFIED COST $3,804,713,452)<br>| &nbsp;&nbsp; 4428332172 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.1%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4687872 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $4433020044 |

---

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended July 31, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated** <br>**Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares**<br>|
| Value as of 10/31/2024 | &nbsp;&nbsp; $52115537 |
| Purchases at Cost | &nbsp;&nbsp; $1179781451 |
| Proceeds from Sales | &nbsp;&nbsp; $(1129775211) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 7/31/2025 | &nbsp;&nbsp; $102121777 |
| Shares Held as of 7/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 102121777 |
| Dividend Income | &nbsp;&nbsp; $2515406 |

---

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

1 *Non-income-producing security.* <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 net assets at July 31, 2025.

**Investment Valuation** 

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

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

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of Federated MDTA LLC (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 of 1940, the Fund's Board of Trustees (the "Trustees") has 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

**4**

------

on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

As of July 31, 2025, all investments of the Fund utilized Level 1 inputs in valuing the Fund's assets carried at fair value.

**5**

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Federated Hermes Equity Funds

- **b. Investment Company Act file number:** 811-04017

- **c. CIK number of Registrant:** 0000745968

- **d. LEI of Registrant:** 254900QLYYRKC7NVWP04

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes MDT Mid Cap Growth Fund

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

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

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $4426334726.03

**Total Liabilities:** $98805.45

**Net Assets:** $4426235920.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026743 | 11.02%               | 4.20%                | 1.10%                |
| Class ID C000026745 | 10.94%               | 4.12%                | 1.04%                |
| Class ID C000043493 | 11.04%               | 4.23%                | 1.12%                |
| Class ID C000082649 | 11.04%               | 4.24%                | 1.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $752602.80               | $337813963.22                              |
| Month 2  | $18205126.14             | $149163831.01                              |
| Month 3  | $214994968.40            | $-163464615.24                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Carvana Co                                   | Carvana Co                                   | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |    206028 | NS      | $80385944.76  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                         | Generac Holdings Inc                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |    400104 | NS      | $77896247.76  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                         | Targa Resources Corp                         | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    251367 | NS      | $41829982.47  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                    | Flutter Entertainment PLC                    | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |    285173 | NS      | $86196390.98  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                  | Alnylam Pharmaceuticals Inc                  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    249340 | NS      | $97801121.60  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                | Celanese Corp                                | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    889802 | NS      | $46474358.46  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                    | Dick's Sporting Goods Inc                    | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     30223 | NS      | $6392466.73   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                 | Duolingo Inc                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100611 | NS      | $34866742.05  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                              | WW Grainger Inc                              | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      9866 | NS      | $10256101.64  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                | Maplebear Inc                                | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    461119 | NS      | $22119878.43  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                  | ROBLOX Corp                                  | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1223755 | NS      | $168621201.45 | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                   | Sprouts Farmers Market Inc                   | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |    256933 | NS      | $38935626.82  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                         | Verisk Analytics Inc                         | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    130354 | NS      | $36330963.34  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                       | Arch Capital Group Ltd                       | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    184005 | NS      | $15835470.30  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                | Weatherford International PLC                | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |    502347 | NS      | $28407722.85  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                        | Spotify Technology SA                        | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     16470 | NS      | $10319113.80  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DoorDash Inc                                 | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     87511 | NS      | $21899627.75  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                  | Hubbell Inc                                  | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     14631 | NS      | $6400769.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                     | Lyft Inc                                     | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    900548 | NS      | $12661704.88  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                   | NetApp Inc                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |    164712 | NS      | $17151460.56  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                  | American Airlines Group Inc                  | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1812957 | NS      | $20830875.93  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                 | AutoZone Inc                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2321 | NS      | $8746409.98   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                  | Cognex Corp                                  | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    578727 | NS      | $23594699.79  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                          | Coinbase Global Inc                          | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     26106 | NS      | $9861802.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                               | Dutch Bros Inc                               | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119746 | NS      | $7097345.42   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                     | eBay Inc                                     | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    100902 | NS      | $9257758.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                              | EMCOR Group Inc                              | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |    153377 | NS      | $96242533.73  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                 | Exelixis Inc                                 | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    505708 | NS      | $18316743.76  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                              | Fair Isaac Corp                              | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      8703 | NS      | $12503774.16  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                  | Fastenal Co                                  | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    163334 | NS      | $7534597.42   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                           | IQVIA Holdings Inc                           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     15879 | NS      | $2951270.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                     | Lennox International Inc                     | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |     41603 | NS      | $25336227.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                     | Okta Inc                                     | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     53555 | NS      | $5237679.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                          | Onto Innovation Inc                          | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     55552 | NS      | $5263552.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                              | Rocket Lab Corp                              | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    278294 | NS      | $12779260.48  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                              | TripAdvisor Inc                              | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |   1185453 | NS      | $20733572.97  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                          | Viking Holdings Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |   2182295 | NS      | $128144362.40 | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                                  | StoneCo Ltd                                  | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |    339371 | NS      | $4337161.38   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | AmerisourceBergen Corp                       | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |    316705 | NS      | $90602966.40  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                          | Axon Enterprise Inc                          | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     38388 | NS      | $29001750.12  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                | H&R Block Inc                                | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |    157718 | NS      | $8570396.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                          | Cardinal Health Inc                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |    359518 | NS      | $55804383.96  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                | Carnival Corp                                | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |   1907627 | NS      | $56790055.79  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                         | Celsius Holdings Inc                         | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162519 | NS      | $7368611.46   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                          | Cheniere Energy Inc                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    209338 | NS      | $49378647.44  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare Inc                               | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    417647 | NS      | $86736928.96  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                  | Coupang Inc                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |   1467276 | NS      | $43181932.68  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                  | Datadog Inc                                  | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    205271 | NS      | $28733834.58  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                    | DoubleVerify Holdings Inc                    | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1062040 | NS      | $16270452.80  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |    142564 | NS      | $4613371.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                       | Equitable Holdings Inc                       | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |   1317294 | NS      | $67643046.90  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                               | Five Below Inc                               | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |    383021 | NS      | $52290026.92  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                  | Gartner Inc                                  | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     66311 | NS      | $22456220.15  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software Inc                       | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    151649 | NS      | $34306036.78  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                         | Howmet Aerospace Inc                         | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    397696 | NS      | $71493809.92  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                 | Illumina Inc                                 | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |    124860 | NS      | $12824370.60  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                   | Insmed Inc                                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    151925 | NS      | $16298514.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                 | Insulet Corp                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |    182439 | NS      | $52615407.60  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                         | Kyndryl Holdings Inc                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    436405 | NS      | $16483016.85  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                         | Las Vegas Sands Corp                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     25957 | NS      | $1360146.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                            | Loar Holdings Inc                            | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92134 | NS      | $6809623.94   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                      | Lululemon Athletica Inc                      | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     62632 | NS      | $12559594.96  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                     | MSCI Inc                                     | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     24077 | NS      | $13515864.72  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                  | Nutanix Inc                                  | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    948169 | NS      | $71273863.73  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | Pure Storage Inc                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    620147 | NS      | $36911149.44  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                          | Quanta Services Inc                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     96693 | NS      | $39269928.09  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                  | Ryan Specialty Holdings Inc                  | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    188129 | NS      | $11511613.51  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                        | Southwest Airlines Co                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    275367 | NS      | $8517101.31   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                 | Teradyne Inc                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    567204 | NS      | $60934725.72  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse Inc                          | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    195799 | NS      | $36248268.87  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                   | UiPath Inc                                   | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |   4230834 | NS      | $49712299.50  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                            | Veeva Systems Inc                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    146286 | NS      | $41574481.20  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                 | Veralto Corp                                 | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |    421720 | NS      | $44208907.60  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Co                           | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    542557 | NS      | $78996299.20  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                  | Vistra Corp                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    486365 | NS      | $101426557.10 | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                  | Zscaler Inc                                  | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |    442063 | NS      | $126235510.28 | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                       | Trane Technologies PLC                       | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     22127 | NS      | $9693396.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                  | Royal Caribbean Cruises Ltd                  | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |    229953 | NS      | $73095160.11  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                           | Albertsons Cos Inc                           | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |    396894 | NS      | $7628302.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                         | Align Technology Inc                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    242645 | NS      | $31303631.45  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings                | Allison Transmission Holdings Inc            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |    414464 | NS      | $37330772.48  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                            | Allstate Corp/The                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    346451 | NS      | $70416165.75  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                     | Ameriprise Financial Inc                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    240884 | NS      | $124823679.96 | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                         | BWX Technologies Inc                         | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    294629 | NS      | $44762983.97  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                            | BILL Holdings Inc                            | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |    714652 | NS      | $30622838.20  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions               | Broadridge Financial Solutions Inc           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     41217 | NS      | $10201619.67  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                            | Brown & Brown Inc                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    210552 | NS      | $19238136.24  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                    | Chewy Inc                                    | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    278333 | NS      | $10214821.10  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                                | Clorox Co/The                                | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |    156201 | NS      | $19612597.56  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                      | Comfort Systems USA Inc                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     42902 | NS      | $30172976.60  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                         | Deckers Outdoor Corp                         | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |    461055 | NS      | $48950209.35  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                   | DexCom Inc                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |   1140723 | NS      | $92136196.71  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                           | Domino's Pizza Inc                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |     38475 | NS      | $17822004.75  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace Inc                                | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    508895 | NS      | $26772965.95  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                             | EPAM Systems Inc                             | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     87765 | NS      | $13841418.15  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                            | Expedia Group Inc                            | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    223795 | NS      | $40332334.90  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                                    | Five9 Inc                                    | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    499248 | NS      | $12895575.84  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                   | Gitlab Inc                                   | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |    165784 | NS      | $7262997.04   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                  | GoDaddy Inc                                  | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |    117089 | NS      | $18919240.62  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                   | HEICO Corp                                   | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     28588 | NS      | $9342558.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                | Hilton Worldwide Holdings Inc                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     99777 | NS      | $26748218.16  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                  | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     88933 | NS      | $46214033.45  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                       | IDEXX Laboratories Inc                       | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     15069 | NS      | $8051517.39   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                            | Iron Mountain Inc                            | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    128148 | NS      | $12476489.28  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                | Live Nation Entertainment Inc                | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    348186 | NS      | $51427072.20  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                        | Molina Healthcare Inc                        | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |    109760 | NS      | $17327811.20  | 0.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Federated Hermes Government Obligations Fund | Federated Hermes Government Obligations Fund | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 102121777 | NS      | $102121776.65 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                               | NRG Energy Inc                               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    396717 | NS      | $66331082.40  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                   | Natera Inc                                   | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200179 | NS      | $26755925.14  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                    | Palantir Technologies Inc                    | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     25888 | NS      | $4099364.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                          | Paycom Software Inc                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |    146878 | NS      | $34008132.12  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets Inc                        | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    167536 | NS      | $17264584.80  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                      | Rockwell Automation Inc                      | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     42577 | NS      | $14974756.67  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                  | Rollins Inc                                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    581148 | NS      | $33282345.96  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                   | Rubrik Inc                                   | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |    369828 | NS      | $35115168.60  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                     | Sarepta Therapeutics Inc                     | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    808246 | NS      | $13271399.32  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | Simon Property Group Inc                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     41187 | NS      | $6746018.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc                                    | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |   1685784 | NS      | $82333690.56  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                            | Tractor Supply Co                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    258752 | NS      | $14735926.40  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                          | TransDigm Group Inc                          | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19564 | NS      | $31467911.44  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                   | Twilio Inc                                   | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     54984 | NS      | $7092936.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | Ulta Beauty Inc                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |     76463 | NS      | $39379209.63  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                      | WEX Inc                                      | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     45418 | NS      | $7706526.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                              | Yum! Brands Inc                              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    272084 | NS      | $39220908.60  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings               | Norwegian Cruise Line Holdings Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    744389 | NS      | $19026582.84  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                       | XP Inc                                       | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |   1047538 | NS      | $16907263.32  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer