# EDGAR Filing Document

**Accession Number:** 0000918199
**File Stem:** 0001623632-26-000140
**Filing Date:** 2026-1
**Character Count:** 32403
**Document Hash:** 39157b07aaeb67ab1e79bb8d11966707
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001623632-26-000140.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001623632-26-000140

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**EFFECTIVENESS DATE**: 20260126

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes World Investment Series, Inc.
- **CENTRAL INDEX KEY:** 0000918199

**ORGANIZATION NAME:**
- **EIN:** 251726922
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-52149
- **FILM NUMBER:** 26561400

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 18003417400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED WORLD INVESTMENT SERIES INC
- **DATE OF NAME CHANGE:** 20000330

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WORLD INVESTMENT SERIES INC
- **DATE OF NAME CHANGE:** 19940127

## Series and Classes Contracts Data

### Federated Hermes Emerging Market Debt Fund (Series ID: S000009122)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024817 | Class A Shares       | IHIAX           |
| C000024819 | Class C Shares       | IHICX           |
| C000114967 | Institutional Shares | EMDIX           |

**Summary Prospectus**

***January 31, 2026***

![](img5277249e1.jpg)

*Disclosure contained herein relates to all classes of the Fund, as listed below, unless otherwise noted.* 

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| | | | |
|:---|:---|:---|:---|
| **Share Class** \| Ticker | **A** \| IHIAX | **C** \| IHICX | **Institutional** \| EMDIX |

---

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Federated Hermes Emerging Market

Debt Fund

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A Portfolio of Federated Hermes World Investment Series, Inc.

Before you invest, you may want to review the Fund's Prospectus, which contains more information about the Fund and its risks. You can find the Fund's Prospectus and other information about the Fund, including the Statement of Additional Information and most recent reports to shareholders, online at FederatedHermes.com/us/FundInformation. You can also get this information at no cost by calling 1-800-341-7400, by sending an email request via Contact Us on FederatedHermes.com/us, or from a financial intermediary through which Shares of the Fund may be bought or sold. The Fund's Prospectus and Statement of Additional Information, both dated January 31, 2026, are incorporated by reference into this Summary Prospectus.

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A mutual fund seeking a high level of current income, and a secondary objective of capital appreciation, by investing primarily in a portfolio of emerging market fixed-income investments.

As with all mutual funds, the Securities and Exchange Commission (SEC) has not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the contrary is a criminal offense.

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**Not FDIC Insured ▪ May Lose Value ▪ No Bank Guarantee**

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Fund Summary Information

**Federated Hermes Emerging Market Debt Fund (the "Fund")**

**RISK/RETURN SUMMARY: INVESTMENT OBJECTIVE**

The Fund's investment objective is to seek a high level of current income. The Fund has a secondary objective of capital appreciation.

**RISK/RETURN SUMMARY: FEES AND EXPENSES**

This table describes the fees and expenses that you may pay if you buy, hold and sell Class A Shares (A), Class C Shares (C) and Institutional Shares (IS) of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.** You may qualify for certain sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in A class of Federated Hermes funds. More information about these and other discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 20 and in "Appendix B" to this Prospectus.

**Shareholder Fees (fees paid directly from your investment)** 

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| | | | |
|:---|:---|:---|:---|
|  | **A** | **C** | **IS** |
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of <br> offering price)<br>| 4.50% |  |  |
| Maximum Deferred Sales Charge (Load) (as a percentage of original purchase <br> price or redemption proceeds, as applicable)<br>| 0.00% | 1.00% |  |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other <br> Distributions) (as a percentage of offering price)<br>|  |  |  |
| Redemption Fee (as a percentage of amount redeemed, if applicable) |  |  |  |
| Exchange Fee |  |  |  |

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

**Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)** 

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| | | | |
|:---|:---|:---|:---|
|  | **A** | **C** | **IS** |
| Management Fee | 0.85% | 0.85% | 0.85% |
| Distribution (12b-1) Fee |  | 0.75% |  |
| Other Expenses | 2.45% | 2.37% | 2.10% |
| Total Annual Fund Operating Expenses | 3.30% | 3.97% | 2.95% |
| Fee Waivers and/or Expense Reimbursements<sup>1</sup> | (2.11)% | (2.03)% | (2.01)% |
| Total Annual Fund Operating Expenses After Fee Waivers and/or <br> Expense Reimbursements<br>| 1.19% | 1.94% | 0.94% |

---

**1**

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The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts

of their respective fees and/or reimburse expenses. Effective February 1, 2026, total annual fund

operating expenses (excluding acquired fund fees and expenses, dividends and other expenses

related to short sales, interest expense, extraordinary expenses, and proxy-related expenses, if any)

paid by the Fund's A, C and IS classes (after the voluntary waivers and/or reimbursements) will not

exceed 1.19%, 1.94% and 0.94% (the "Fee Limit"), respectively, up to but not including the later of

(the "Termination Date"): (a) February 1, 2027; or (b) the date of the Fund's next effective

Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing

these arrangements prior to the Termination Date, these arrangements may only be terminated or

the Fee Limit increased prior to the Termination Date with the approval of the Fund's Board of

Directors.

**Example**

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that operating expenses remain the same. The Example does not reflect sales charges (loads) on reinvested dividends. If these sales charges (loads) were included, your costs would be higher. Although your actual costs and returns may be higher or lower, based on these assumptions your cost would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Share Class** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| **A:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $768 | &nbsp;&nbsp; $1420 | &nbsp;&nbsp; $2094 | &nbsp;&nbsp; $3883 |
| Expenses assuming no redemption | &nbsp;&nbsp; $768 | &nbsp;&nbsp; $1420 | &nbsp;&nbsp; $2094 | &nbsp;&nbsp; $3883 |
| **C:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $499 | &nbsp;&nbsp; $1210 | &nbsp;&nbsp; $2037 | &nbsp;&nbsp; $4038 |
| Expenses assuming no redemption | &nbsp;&nbsp; $399 | &nbsp;&nbsp; $1210 | &nbsp;&nbsp; $2037 | &nbsp;&nbsp; $4038 |
| **IS:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $298 | &nbsp;&nbsp; $913 | &nbsp;&nbsp; $1552 | &nbsp;&nbsp; $3271 |
| Expenses assuming no redemption | &nbsp;&nbsp; $298 | &nbsp;&nbsp; $913 | &nbsp;&nbsp; $1552 | &nbsp;&nbsp; $3271 |

---

**Portfolio Turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 59% of the average value of its portfolio.

**2**

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**RISK/RETURN SUMMARY: INVESTMENTS, RISKS and PERFORMANCE**

**What are the Fund's Main Investment Strategies?**

The Fund invests primarily in a portfolio of emerging market fixed-income investments. The Fund's investments may be denominated in foreign currencies or U.S. dollars, and may be of any duration. The Fund may invest in noninvestment-grade debt investments, commonly known as junk instruments, which may offer higher yields than investment-grade debt investments. Investors in lower-rated foreign debt investments may receive higher yields as compensation for assuming higher credit risks. The Fund does not limit the amount it may invest in investments rated below investment grade. The Fund may invest in derivative contracts to implement its investment strategies, as more fully described herein. The Fund's investment adviser (the "Adviser") actively manages the Fund's portfolio seeking total returns over longer periods in excess of the Fund's performance index, the J.P. Morgan Emerging Markets Bond Index Global Diversified (JPM-EMBIGD), and a blended supplemental index (as described in the Average Annual Total Return Table below). The JPM-EMBIGD covers emerging market countries in the following regions: Americas, Europe, Asia, Middle East and Africa. The performance of the Fund, as an actively managed portfolio, should be evaluated against the JPM-EMBIGD and the blended supplemental index over longer periods of time. Consistent with the JPM-EMBIGD, the Fund may, from time to time, have larger allocations or make significant investments in issuers located or doing business in a single country. Volatility in emerging markets means that even small differences in time periods for comparison can have a substantial impact on returns. The Fund has no duration target or parameters with respect to its average portfolio duration. Rather, the Adviser may lengthen or shorten average portfolio duration in response to changing market conditions. These duration adjustments can be made either by buying or selling portfolio investments or through the use of derivative contracts.

The investment process entails an assessment of the global macroeconomic environment and determines the relevant investment themes that drive emerging markets. These investment themes can be either secular or cyclical in nature and are intended to define guiding principles which permeate through the various stages of the investment process from country and sector to individual corporate issuers. In selecting investments, the Adviser gives emphasis to the underlying quality of issuers domiciled in emerging market countries. Also, the Adviser considers the extent to which market interest rates may impact the potential investment return of emerging markets debt investments.

While the Adviser may use derivatives to limit the negative effect on the Fund's investment returns inclusive of those losses that may be incurred due to anticipated changes in the relative values of selected currencies in the portfolio, the Adviser will not attempt to fully insulate the Fund's investment returns from the influence of currency fluctuations on portfolio investments denominated in foreign currencies.

**3**

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The Fund's use of derivative contracts can be considered a speculative trading activity in the sense that there can be no assurance that the Fund's use of derivatives or hybrid investments will be successful or work as intended. Derivative investments made by the Fund are included within the Fund's 80% policy (as described below) and are calculated at market value.

The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in emerging market fixed-income investments. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.

**PORTFOLIO TURNOVER**

The Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Fund's trading costs, which may have an adverse impact on the Fund's performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains.

**What are the Main Risks of Investing in the Fund?**

All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund. The primary factors that may reduce the Fund's returns include:

■ **Issuer Credit Risk.** It is possible that interest or principal on securities will not be paid when due. Such non-payment or default may reduce the value of the Fund's portfolio holdings, its share price and its performance.

■ **Counterparty Risk.** Counterparty risk includes the possibility that a party to a transaction involving the Fund will fail to meet its obligations. This could cause the Fund to lose money or to lose the benefit of the transaction or prevent the Fund from selling or buying other securities to implement its investment strategy.

■ **Risk Associated with Noninvestment-Grade Securities.** Securities rated below investment grade generally are subject to greater interest rate, credit and liquidity risks than investment-grade securities. These securities are considered speculative with respect to the issuer's ability to pay interest and repay principal.

■ **Risk Related to the Economy.** The value of the Fund's portfolio may decline in tandem with a drop in the overall value of the markets in which the Fund invests and/or other markets. Global economic, political and financial conditions, including geopolitical conflicts and other events (e.g., wars, sanctions and terrorism), legislative changes, industry or economic trends and developments, natural disasters or public health risks, such as epidemics or pandemics, may, from time to time, and for varying periods of time, have a significant effect on the economies of many nations, including the U.S., on financial markets generally and cause the Fund to experience volatility,

**4**

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illiquidity, loss of value, shareholder redemptions, and/or other potentially adverse effects. Among other investments, lower-grade bonds and loans may be particularly sensitive to changes in the economy.

■ **Risk of Investing in Emerging Market Countries.** Securities issued or traded in emerging markets generally entail greater risks than securities issued or traded in developed markets. Securities markets within emerging market countries may experience low or non-existent trading volume, resulting in a lack of liquidity and increased volatility in prices for such securities. Political and economic structures in emerging market countries generally lack the social, political and economic stability of developed countries, which may affect the value of the Fund's investments in these countries. There may be less publicly available information about issuers in emerging markets than would be available about issuers in more developed capital markets, and such issuers may not be subject to accounting, auditing, and financial reporting standards comparable to those to which U.S. companies are subject.

■ **Greater China Risk.** Although larger and/or more established than many emerging markets, the markets of the Greater China region function in many ways as emerging markets and carry the high levels of risks associated with emerging markets. Investments in the Greater China region may be subject to the risks associated with trading on less-developed trading markets, in addition to risks associated with trading on less-developed trading markets, in addition to risks associated with the Chinese government's substantial control over the Chinese economy and possible negative repercussions from such authority, acute political risks resulting from China's relationship with Taiwan or Hong Kong, restrictions on monetary repatriation, and/or other adverse government actions, which could likely have a significant adverse impact on the value and liquidity of the Fund's investments in the Greater China region. As export-driven economies, the economies of countries in the Greater China region are affected by developments in the economies of and relations with their principal trading partners. The implementation of more stringent tariffs or trade restrictions on Chinese exports by the U.S. government or other foreign governments, or even the threat of these actions, could have a negative impact on the Chinese economy and the Fund's investments. In addition, the risk of sanctions or restrictions on certain Chinese issuers and their securities by the U.S. government or other governments may impact investments in such securities, and the Fund may be forced to sell such restricted securities and incur a loss as a result.

■ **Liquidity Risk.** Trading opportunities are more limited for fixed-income securities that have not received any credit ratings, have received ratings below investment grade or are not widely held or are issued by companies located in emerging markets. Over-the-counter (OTC) derivative contracts generally carry greater liquidity risk than exchange-traded contracts. This risk may be increased in times of financial stress, if the trading market for OTC derivative contracts becomes restricted.

**5**

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■ **Risk of Foreign Investing.** Because the Fund invests in securities issued by foreign companies and national governments, the Fund's Share price may be more affected by foreign economic and political conditions, taxation policies and accounting and auditing standards than would otherwise be the case.

■ **Currency Risk.** Exchange rates for currencies fluctuate daily. Accordingly, the Fund may experience increased volatility with respect to the value of its Shares and its returns as a result of its exposure to foreign currencies through direct holding of such currencies or holding of non-U.S. dollar denominated securities.

■ **European Union and Eurozone Related Risk.** A number of countries in the European Union (EU), including certain countries within the EU that have adopted the euro (Eurozone), have experienced, and may continue to experience, severe economic and financial difficulties. Additional countries within the EU may also fall subject to such difficulties. These events could negatively affect the value and liquidity of the Fund's investments in euro-denominated securities and derivative contracts, securities of issuers located in the EU or with significant exposure to EU issuers or countries.

■ **Focused Investment Risk.** To the extent that the Fund focuses its investments in the securities of a particular issuer or companies in a particular country, group of countries, region, market, industry, group of industries, sector, or asset class, the Fund's exposure to various risks may be heightened, including price volatility and adverse economic, market, political, or regulatory occurrences affecting that issuer, country, group of countries, region, market, industry, group of industries, sector, or asset class.

■ **Interest Rate Risk.** Prices of fixed-income securities generally fall when interest rates rise. The longer the duration of a fixed-income security, the more susceptible it is to interest rate risk. Recent and potential future changes in monetary policy made by central banks and/or their governments are likely to affect the level of interest rates.

■ **Credit Enhancement Risk.** The securities in which the Fund invests may be subject to credit enhancement (for example, guarantees, letters or credit or bond insurance). Credit enhancement is designed to help assure timely pay of the security; it does not protect the Fund against losses caused by declines in a security's value due to changes in market conditions.

■ **Distribution Risk.** As part of the Fund's investment objective, the Fund seeks to distribute current monthly income. As a result of market, interest rate and other circumstances, the amounts of such distributions may vary widely from month to month and in some months no distribution may be paid at all. There is no assurance that the Fund will make a distribution in any given month.

■ **Leverage Risk.** Leverage risk is created when an investment which includes, for example, an investment in a derivative contract, exposes the Fund to a level of risk that exceeds the amount invested. Changes in the value of such an investment magnify the Fund's risk of loss and potential for gain.

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■ **Risk of Investing in Derivative Contracts and Hybrid Instruments.** Derivative contracts and hybrid instruments involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues related to the use of such contracts and instruments include valuation and tax issues, increased potential for losses and/or costs to the Fund and a potential reduction in gains to the Fund. Each of these issues is described in greater detail in this Prospectus. Derivative contracts and hybrid instruments may also involve other risks described in this Prospectus such as interest rate, credit, currency, liquidity and leverage risks.

■ **Exchange-Traded Funds Risk**. An investment in an ETF generally presents the same primary risks as an investment in a conventional fund (i.e., one that is not exchange traded) that has the same investment objectives, strategies and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down.

■ **Custodial Services and Related Investment Costs.** Custodial services and other costs relating to investment in international securities markets generally are more expensive due to differing settlement and clearance procedures than in the United States. The inability of the Fund to make intended securities purchases due to settlement problems could cause the Fund to miss attractive investment opportunities. In addition, security settlement and clearance procedures in some emerging market countries may not fully protect the Fund against loss of its assets.

■ **Technology Risk.** The Adviser uses various technologies in managing the Fund, consistent with its investment objective and strategy described in this Prospectus. For example, proprietary and third-party data and systems are utilized to support decision making for the Fund. Data imprecision, software or other technology malfunctions, programming inaccuracies and similar circumstances may impair the performance of these systems, which may negatively affect Fund performance.

Shares offered by this Prospectus are not deposits or obligations of any bank, are not endorsed or guaranteed by any bank and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.

**Performance: Bar Chart and Table**

**Risk/Return Bar Chart**

The bar chart and performance table below reflect historical performance data for the Fund and are intended to help you analyze the Fund's investment risks in light of its historical returns. The bar chart shows the variability of the Fund's A class total returns on a calendar year-by-year basis. The Average Annual Total Return table shows returns for each class averaged over the stated periods, and includes comparative performance information with a broad-based securities market index. The Fund's performance is also compared

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to secondary indexes to show how the Fund's performance compares with the returns of indexes with similar investments. *The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results.* Updated performance information for the Fund is available under the "Products" section at FederatedHermes.com/us or by calling 1-800-341-7400.

![](femdfprog0174501.jpg)

*The total returns shown in the bar chart do not reflect the payment of any sales charges or recurring shareholder account fees. If these charges or fees had been included, the returns shown would have been lower.* <br>

*Within the periods shown in the bar chart, the Fund's A class highest quarterly return was 13.53% (quarter ended June 30, 2020). Its lowest quarterly return was (15.39)% (quarter ended March 31, 2020).*

**Average Annual Total Return Table**

In addition to Return Before Taxes, Return After Taxes is shown for the Fund's A class to illustrate the effect of federal taxes on Fund returns. After-tax returns are shown only for A class, and after-tax returns for C and IS classes will differ from those shown below for A class. *Actual after-tax returns depend on each investor's personal tax situation, and are likely to differ from those shown.* After-tax returns are calculated using a standard set of assumptions. The stated returns assume the highest historical **federal** income and capital gains tax rates. These after-tax returns do **not** reflect the effect of any applicable **state** and **local** taxes. After-tax returns are not relevant to investors holding Shares through a 401(k) plan, an Individual Retirement Account (IRA) or other tax-advantaged investment plan.

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(For the Period Ended December 31, 2025)

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| | | | |
|:---|:---|:---|:---|
| **Share Class** | **1 Year** | **5 Years** | **10 Years** |
| **A:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 11.85% | &nbsp;&nbsp; 1.96% | &nbsp;&nbsp; 3.95% |
| Return After Taxes on Distributions | &nbsp;&nbsp; 11.70% | &nbsp;&nbsp; 0.87% | &nbsp;&nbsp; 2.73% |
| Return After Taxes on Distributions and Sale of Fund Shares | &nbsp;&nbsp; 7.00% | &nbsp;&nbsp; 0.96% | &nbsp;&nbsp; 2.48% |
| **C:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 15.08% | &nbsp;&nbsp; 2.12% | &nbsp;&nbsp; 3.79% |
| **IS:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 17.31%  | &nbsp;&nbsp; 3.15% | &nbsp;&nbsp; 4.68% |
| **Bloomberg Global Aggregate Index**<sup>1</sup> <br> (reflects no deduction for fees, expenses or taxes)<br>| &nbsp;&nbsp; 8.17% | &nbsp;&nbsp; (2.15)% | &nbsp;&nbsp; 1.26% |
| **J.P. Morgan Emerging Markets Bond Index Global Diversified**<sup>2</sup> <br> (reflects no deduction for fees, expenses or taxes)<br>| &nbsp;&nbsp; 14.30% | &nbsp;&nbsp; 1.78% | &nbsp;&nbsp; 4.40% |
| **Blended Index**<sup>3</sup> <br> (reflects no deduction for fees, expenses or taxes)<br>| &nbsp;&nbsp; 15.67% | &nbsp;&nbsp; 2.60% | &nbsp;&nbsp; 4.75% |
| **Morningstar Emerging Market Bond Funds Average**<sup>4</sup> | &nbsp;&nbsp; 13.35% | &nbsp;&nbsp; 2.21% | &nbsp;&nbsp; 4.36% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*The Bloomberg Global Aggregate Index is a measure of global investment-grade debt from* 

*28 local currency markets. This multi-currency benchmark includes treasury, government-related,* 

*corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*J.P. Morgan Emerging Markets Bond Index Global Diversified (JPM-EMBIGD) tracks total returns* 

*for traded external debt instruments in the emerging markets but limits the weights of emerging* 

*countries with larger debt stocks. It is done by only including specific portions of current face* 

*value amounts of debt outstanding by placing a 10 percent cap for each country to limit* 

*concentration risk.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*The Blended Index is comprised of an equal weighting of JPM-EMBIGD, J.P. Morgan Corporate* 

*Emerging Market Bond Index Diversified and J.P. Morgan Government Bond Index-Emerging* 

*Markets-Unhedged Diversified. The J.P. Morgan Corporate Emerging Market Bond Index* 

*Diversified is a global, corporate emerging markets benchmark that tracks U.S.-denominated* 

*corporate bonds issued by emerging markets entities. The J.P. Morgan Government Bond Index-*

*Emerging Markets-Unhedged Diversified tracks local currency government bonds issued by* 

*emerging markets. Each of the indexes places a 10 percent cap for each country to limit* 

*concentration risk.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Morningstar figures represent the average of the total returns reported by all the mutual funds* 

*designated by Morningstar as falling into the respective category indicated.*

**FUND MANAGEMENT**

The Fund's Investment Adviser is Federated Investment Management Company (FIMCO). The Fund's Sub-Adviser is Federated Hermes (UK) LLP (Fed UK).

**FIMCO**

Ihab L. Salib, Senior Portfolio Manager, has been the Fund's portfolio manager since May of 2013.

Jason C. DeVito, CFA, Senior Portfolio Manager, has been the Fund's portfolio manager since January of 2018.

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**FED UK**

Mohammed H. Elmi, CFA, Senior Portfolio Manager, has been the Fund's portfolio manager since July of 2019.

**purchase and sale of fund shares**

You may purchase, redeem or exchange Shares of the Fund on any day the New York Stock Exchange is open. Shares may be purchased through a financial intermediary firm that has entered into a Fund selling and/or servicing agreement with the Distributor or an affiliate ("Financial Intermediary") or directly from the Fund, by wire or by check. Please note that certain purchase restrictions may apply. Redeem or exchange Shares through a financial intermediary or directly from the Fund by telephone at 1-800-341-7400 or by mail.

**A & C Classes**

The minimum investment amount for the Fund's A and C classes is generally $1,500 for initial investments and $100 for subsequent investments. The minimum initial and subsequent investment amounts for Individual Retirement Accounts are $250 and $100, respectively. There is no minimum initial or subsequent investment amount for employer-sponsored retirement plans. Certain types of accounts are eligible for lower minimum investments. The minimum investment amount for Systematic Investment Programs is $50.

**IS Class**

The minimum initial investment amount for the Fund's IS class is generally $1,000,000 and there is no minimum subsequent investment amount. Certain types of accounts are eligible for lower minimum investments.

**Tax Information**

The Fund's distributions are taxable as ordinary income or capital gains except when your investment is through a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan.

**Payments to Broker-Dealers and Other Financial Intermediaries**

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and/or its related companies may pay the intermediary for the sale of Fund Shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

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

![](fhilogok11p.jpg)

Federated Hermes Emerging Market Debt Fund <br>Federated Hermes Funds <br>4000 Ericsson Drive <br>Warrendale, PA 15086-7561

Contact us at **FederatedHermes.com/us** <br>or call 1-800-341-7400.

Federated Securities Corp., Distributor

*Investment Company Act File No. 811-4017*

*CUSIP 31428U771* <br>*CUSIP 31428U755* <br>*CUSIP 31428U615*

*Q450358 (1/26)*© 2026 Federated Hermes, Inc.

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