# EDGAR Filing Document

**Accession Number:** 0000745968
**File Stem:** 0001193125-25-292275
**Filing Date:** 2025-11
**Character Count:** 37186
**Document Hash:** 5b3e3577e3135cd1e4903eebdeb258d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292275.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292275

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**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:** 251509771

**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 Clover Small Value Fund (Series ID: S000024784)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000073699 | Class A Shares       | VSFAX           |
| C000073700 | Class C Shares       | VSFCX           |
| C000073701 | Institutional Shares | VSFIX           |
| C000096922 | Class R Shares       | VSFRX           |
| C000168179 | Class R6 Shares      | VSFSX           |
| C000188321 | Class T Shares       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes 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 Clover Small Value Fund

- **b. EDGAR series identifier (if any):** S000024784

- **c. LEI of Series:** 254900S0LSAF92Q6BC82

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $164543161.12

**Total Liabilities:** $4456172.43

**Net Assets:** $160086988.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073699 | 1.31%                | 5.38%                | 0.32%                |
| Class ID C000073700 | 1.20%                | 5.36%                | 0.22%                |
| Class ID C000073701 | 1.31%                | 5.41%                | 0.36%                |
| Class ID C000096922 | 1.26%                | 5.42%                | 0.29%                |
| Class ID C000168179 | 1.30%                | 5.44%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1508783.34              | $560076.79                                 |
| Month 2  | $-1839341.38             | $10025933.94                               |
| Month 3  | $813848.92               | $-595866.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Academy Sports & Outdoors Inc         | Academy Sports & Outdoors Inc                                 | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51404 | NS      | $2571228.08   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                            | Alcoa Corp                                                    | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     63640 | NS      | $2093119.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc           | Arcutis Biotherapeutics Inc                                   | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101431 | NS      | $1911974.35   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc           | Asbury Automotive Group Inc                                   | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      9176 | NS      | $2243073.20   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                           | Avient Corp                                                   | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     35641 | NS      | $1174370.95   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Beam Therapeutics Inc                 | Beam Therapeutics Inc                                         | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25611 | NS      | $621578.97    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| CNO Financial Group Inc               | CNO Financial Group Inc                                       | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     41011 | NS      | $1621985.05   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                          | Cadence Bank                                                  | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     77268 | NS      | $2900640.72   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                  | Commercial Metals Co                                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     31507 | NS      | $1804720.96   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                            | Diodes Inc                                                    | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     21559 | NS      | $1147154.39   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                             | ePlus Inc                                                     | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     26010 | NS      | $1846970.10   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                   | Federal Signal Corp                                           | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     19765 | NS      | $2351837.35   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp     | First Commonwealth Financial Corp                             | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     70518 | NS      | $1202331.90   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                            | Fluor Corp                                                    | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     14372 | NS      | $604630.04    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc              | Gibraltar Industries Inc                                      | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18010 | NS      | $1131028.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                           | IDACORP Inc                                                   | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     33612 | NS      | $4441825.80   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc         | Independence Realty Trust Inc                                 | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |     55615 | NS      | $911529.85    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                           | Kemper Corp                                                   | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     24224 | NS      | $1248747.20   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund | Federated Hermes Government Obligations Fund                  | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   3589740 | NS      | $3589740.40   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                | Northern Oil and Gas Inc                                      | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     20021 | NS      | $496520.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                       | Macerich Co/The                                               | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |    113537 | NS      | $2066373.40   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc         | NorthWestern Corp                                             | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     59220 | NS      | $3470884.20   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp             | OceanFirst Financial Corp                                     | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109797 | NS      | $1929133.29   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                        | PBF Energy Inc                                                | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     50006 | NS      | $1508681.02   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc             | Park Hotels & Resorts Inc                                     | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |    169413 | NS      | $1877096.04   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc                | Penn Entertainment Inc                                        | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93952 | NS      | $1809515.52   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc       | PennyMac Financial Services Inc                               | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      7302 | NS      | $904571.76    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp               | Valley National Bancorp                                       | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    363232 | NS      | $3850259.20   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FERROGLOBE REP + WRNTY INS TRU        | FERROGLOBE REP + WRNTY INS TRU NON TRANSFERABLE BENE INT UNIT | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    259575 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Powell Industries Inc                 | Powell Industries Inc                                         | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      8408 | NS      | $2562842.48   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc             | Prosperity Bancshares Inc                                     | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17425 | NS      | $1156148.75   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                 | Stifel Financial Corp                                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     25145 | NS      | $2853203.15   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                  | Tri Pointe Homes Inc                                          | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55425 | NS      | $1882787.25   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                    | UMB Financial Corp                                            | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     34422 | NS      | $4073843.70   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Corp/VA                     | Universal Corp/VA                                             | CUSIP: 913456109<br>LEI: 549300BZXZ66F6DTIF20 | Long             | EC               | CORP              | US        |     21060 | NS      | $1176622.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Yext Inc                              | Yext Inc                                                      | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |    117396 | NS      | $1000213.92   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                | CRISPR Therapeutics AG                                        | CUSIP: 000000000<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |     15121 | NS      | $979992.01    | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Cushman & Wakefield PLC               | Cushman & Wakefield PLC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    149681 | NS      | $2382921.52   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                    | ADMA Biologics Inc                                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103150 | NS      | $1512179.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                  | AGNC Investment Corp                                          | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |    117806 | NS      | $1153320.74   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Antero Midstream Corp                 | Antero Midstream Corp                                         | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61479 | NS      | $1195151.76   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                           | Ashland Global Holdings Inc                                   | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     13871 | NS      | $664559.61    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                             | Avnet Inc                                                     | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     28921 | NS      | $1511989.88   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                 | Bath & Body Works Inc                                         | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     24690 | NS      | $636014.40    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                    | CNX Resources Corp                                            | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     37771 | NS      | $1213204.52   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                 | Civitas Resources Inc                                         | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     20022 | NS      | $650715.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                        | Cleanspark Inc                                                | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |     34865 | NS      | $505542.50    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc           | Columbia Banking System Inc                                   | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36988 | NS      | $952071.12    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc            | Core Natural Resources Inc                                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     14681 | NS      | $1225569.88   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                | Cousins Properties Inc                                        | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |     75554 | NS      | $2186532.76   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                          | Crane Holdings Co                                             | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     27945 | NS      | $1874271.15   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                      | Cytokinetics Inc                                              | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     15200 | NS      | $835392.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc                        | Daktronics Inc                                                | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     89518 | NS      | $1872716.56   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                        | EPR Properties                                                | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     26554 | NS      | $1540397.54   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp               | Enerpac Tool Group Corp                                       | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     28558 | NS      | $1170878.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                             | EnPro Industries Inc                                          | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     10407 | NS      | $2351982.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                           | FNB Corp/PA                                                   | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    248041 | NS      | $3995940.51   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                      | Haemonetics Corp                                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      5879 | NS      | $286542.46    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc             | Halozyme Therapeutics Inc                                     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     14541 | NS      | $1066436.94   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc      | Harmony Biosciences Holdings Inc                              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41073 | NS      | $1131971.88   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                     | Herc Holdings Inc                                             | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     11747 | NS      | $1370405.02   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                         | Hub Group Inc                                                 | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46317 | NS      | $1595157.48   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                   | Hudbay Minerals Inc                                           | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    113740 | NS      | $1724298.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                            | Hut 8 Corp                                                    | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |     22950 | NS      | $798889.50    | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| I3 Verticals Inc                      | I3 Verticals Inc                                              | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     38369 | NS      | $1245457.74   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                 | Jackson Financial Inc                                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     23363 | NS      | $2365036.49   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust               | Kite Realty Group Trust                                       | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |    131804 | NS      | $2939229.20   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                      | Knife River Corp                                              | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26625 | NS      | $2046663.75   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                 | LiveRamp Holdings Inc                                         | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     44747 | NS      | $1214433.58   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp               | Magnolia Oil & Gas Corp                                       | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71024 | NS      | $1695342.88   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                   | Meritage Homes Corp                                           | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     19139 | NS      | $1386237.77   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                              | Moog Inc                                                      | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     11008 | NS      | $2286031.36   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                           | NETGEAR Inc                                                   | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |     22528 | NS      | $729681.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                  | NetScout Systems Inc                                          | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     71375 | NS      | $1843616.25   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                        | NETSTREIT Corp                                                | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |     85679 | NS      | $1547362.74   | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Rithm Capital Corp                    | Rithm Capital Corp                                            | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               |  | US        |    130937 | NS      | $1491372.43   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN               | Old National Bancorp/IN                                       | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    180721 | NS      | $3966825.95   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc   | Ollie's Bargain Outlet Holdings Inc                           | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      7456 | NS      | $957350.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                        | PriceSmart Inc                                                | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     17446 | NS      | $2114280.74   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                         | REV Group Inc                                                 | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     38833 | NS      | $2200666.11   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                      | Radian Group Inc                                              | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     46627 | NS      | $1688829.94   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                  | SOUTHSTATE BANK CORP                                          | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     35972 | NS      | $3556551.64   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc            | Southwest Gas Holdings Inc                                    | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     14028 | NS      | $1098953.52   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                   | STAG Industrial Inc                                           | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     40111 | NS      | $1415517.19   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc     | Sun Country Airlines Holdings Inc                             | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |    193995 | NS      | $2291080.95   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                           | Vaxcyte Inc                                                   | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     15868 | NS      | $571565.36    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                        | Wendy's Co/The                                                | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     47476 | NS      | $434880.16    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp               | Wintrust Financial Corp                                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     30494 | NS      | $4038625.36   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd             | Axis Capital Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     12300 | NS      | $1178340.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                   | Signet Jewelers Ltd                                           | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     12432 | NS      | $1192477.44   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC             | Gates Industrial Corp PLC                                     | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    112464 | NS      | $2791356.48   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                    | Ichor Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |     42955 | NS      | $752571.60    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                   | Scorpio Tankers Inc                                           | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |     19668 | NS      | $1102391.40   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings Inc       | Establishment Labs Holdings Inc                               | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     35488 | NS      | $1454653.12   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-11-24

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer