# EDGAR Filing Document

**Accession Number:** 0001849998
**File Stem:** 0001145549-25-046934
**Filing Date:** 2025-7
**Character Count:** 64169
**Document Hash:** 91e4d16a6559489b18d29f7dc2d4ef7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-046934.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001145549-25-046934

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20260228

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23730
- **FILM NUMBER:** 251138999

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

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

## Series and Classes Contracts Data

### Federated Hermes MDT Large Cap Value ETF (Series ID: S000085755)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000251150 | Federated Hermes MDT Large Cap Value ETF | FLCV            |

## Nport-Ex

Federated Hermes MDT Large Cap Value ETF

Portfolio of Investments

May 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—99.3% |  |
|  | **Communication Services—4.5%** |  |
| &nbsp;&nbsp; 7751 | AT&T, Inc. | &nbsp;&nbsp; $215478 |
| &nbsp;&nbsp; 3413 | Comcast Corp., Class A | &nbsp;&nbsp; 117987 |
| &nbsp;&nbsp; 1089 | Electronic Arts, Inc. | &nbsp;&nbsp; 156577 |
| &nbsp;&nbsp; 7213 | Fox Corp. | &nbsp;&nbsp; 396282 |
| &nbsp;&nbsp; 1313 | T-Mobile USA, Inc. | &nbsp;&nbsp; 318009 |
| &nbsp;&nbsp; 4749 | Verizon Communications, Inc. | &nbsp;&nbsp; 208766 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1413099 |
|  | **Consumer Discretionary—5.7%** |  |
| 15035 | Advance Auto Parts, Inc. | &nbsp;&nbsp; 720627 |
| &nbsp;&nbsp; 4257<br><sup>1</sup> <br>| Capri Holdings Ltd. | &nbsp;&nbsp; 77137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 459<br><sup>1</sup> <br>| DoorDash, Inc. | &nbsp;&nbsp; 95770 |
| &nbsp;&nbsp; 2410 | eBay, Inc. | &nbsp;&nbsp; 176340 |
| &nbsp;&nbsp; 1580<br><sup>1</sup> <br>| Five Below, Inc. | &nbsp;&nbsp; 184181 |
| &nbsp;&nbsp; 3232 | General Motors Co. | &nbsp;&nbsp; 160339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 243 | McDonald's Corp. | &nbsp;&nbsp; 76266 |
| &nbsp;&nbsp; 1732 | PVH Corp. | &nbsp;&nbsp; 145090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 479<br><sup>1</sup> <br>| SharkNinja, Inc. | &nbsp;&nbsp; 44034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 278<br><sup>1</sup> <br>| Ulta Beauty, Inc. | &nbsp;&nbsp; 131066 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1810850 |
|  | **Consumer Staples—9.3%** |  |
| &nbsp;&nbsp; 4076<br><sup>1</sup> <br>| Bellring Brands, Inc. | &nbsp;&nbsp; 256584 |
| &nbsp;&nbsp; 4035 | Colgate-Palmolive Co. | &nbsp;&nbsp; 375013 |
| &nbsp;&nbsp; 6067 | Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp; 406125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 913 | General Mills, Inc. | &nbsp;&nbsp; 49539 |
| &nbsp;&nbsp; 3835 | Kimberly-Clark Corp. | &nbsp;&nbsp; 551320 |
| &nbsp;&nbsp; 4560 | Kroger Co. | &nbsp;&nbsp; 311129 |
| &nbsp;&nbsp; 5987<br><sup>1</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 273426 |
| &nbsp;&nbsp; 1655 | Molson Coors Beverage Company, Class B | &nbsp;&nbsp; 88692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89 | PepsiCo, Inc. | &nbsp;&nbsp; 11699 |
| &nbsp;&nbsp; 3317 | Philip Morris International, Inc. | &nbsp;&nbsp; 599017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 419 | Target Corp. | &nbsp;&nbsp; 39390 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 2961934 |
|  | **Energy—5.1%** |  |
| &nbsp;&nbsp; 2630 | Cheniere Energy, Inc. | &nbsp;&nbsp; 623284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 294 | Chevron Corp. | &nbsp;&nbsp; 40190 |
| &nbsp;&nbsp; 5134 | Devon Energy Corp. | &nbsp;&nbsp; 155355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 610 | DT Midstream, Inc. | &nbsp;&nbsp; 63891 |
| &nbsp;&nbsp; 4636 | EOG Resources, Inc. | &nbsp;&nbsp; 503331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 355 | Expand Energy Corp. | &nbsp;&nbsp; 41226 |
| &nbsp;&nbsp; 1037 | Marathon Petroleum Corp. | &nbsp;&nbsp; 166687 |
| &nbsp;&nbsp; 1241 | TechnipFMC PLC | &nbsp;&nbsp; 38657 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1632621 |
|  | **Financials—23.6%** |  |
| &nbsp;&nbsp; 1378 | Ameriprise Financial, Inc. | &nbsp;&nbsp; 701733 |
| &nbsp;&nbsp; 4871 | Bank of New York Mellon Corp. | &nbsp;&nbsp; 431619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 886<br><sup>1</sup> <br>| Berkshire Hathaway, Inc., Class B | &nbsp;&nbsp; 446509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 318 | CME Group, Inc. | &nbsp;&nbsp; 91902 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp; 1693 | Corebridge Financial, Inc. | &nbsp;&nbsp; $55209 |
| &nbsp;&nbsp; 2805 | Fidelity National Financial, Inc. | &nbsp;&nbsp; 153630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 320 | Goldman Sachs Group, Inc. | &nbsp;&nbsp; 192144 |
| &nbsp;&nbsp; 1771 | Interactive Brokers Group, Inc., Class A | &nbsp;&nbsp; 371343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 783 | Intercontinental Exchange, Inc. | &nbsp;&nbsp; 140783 |
| &nbsp;&nbsp; 2104 | JPMorgan Chase & Co. | &nbsp;&nbsp; 555456 |
| &nbsp;&nbsp; 3318 | Morgan Stanley | &nbsp;&nbsp; 424804 |
| &nbsp;&nbsp; 3249 | Northern Trust Corp. | &nbsp;&nbsp; 346798 |
| &nbsp;&nbsp; 2138 | Popular, Inc. | &nbsp;&nbsp; 221347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 676 | Principal Financial Group, Inc. | &nbsp;&nbsp; 52654 |
| &nbsp;&nbsp; 2853 | Progressive Corp., OH | &nbsp;&nbsp; 812905 |
| &nbsp;&nbsp; 6445 | Prudential Financial, Inc. | &nbsp;&nbsp; 669571 |
| &nbsp;&nbsp; 5637 | State Street Corp. | &nbsp;&nbsp; 542730 |
| &nbsp;&nbsp; 3907 | Synchrony Financial | &nbsp;&nbsp; 225239 |
| &nbsp;&nbsp; 3045 | The Hartford Insurance Group, Inc. | &nbsp;&nbsp; 395363 |
| &nbsp;&nbsp; 2362 | The Travelers Cos., Inc. | &nbsp;&nbsp; 651203 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 7482942 |
|  | **Health Care—13.9%** |  |
| &nbsp;&nbsp; 3820 | AbbVie, Inc. | &nbsp;&nbsp; 710940 |
| &nbsp;&nbsp; 1986<br><sup>1</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 359347 |
| &nbsp;&nbsp; 1398 | Amgen, Inc. | &nbsp;&nbsp; 402876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 758<br><sup>1</sup> <br>| Biogen, Inc. | &nbsp;&nbsp; 98381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 372<br><sup>1</sup> <br>| Boston Scientific Corp. | &nbsp;&nbsp; 39157 |
| &nbsp;&nbsp; 2784 | Cardinal Health, Inc. | &nbsp;&nbsp; 429961 |
| &nbsp;&nbsp; 2774<br><sup>1</sup> <br>| Centene Corp. | &nbsp;&nbsp; 156565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 305<br><sup>1</sup> <br>| Charles River Laboratories International, Inc. | &nbsp;&nbsp; 41367 |
| &nbsp;&nbsp; 5860 | Dentsply Sirona, Inc. | &nbsp;&nbsp; 93643 |
| 16394<br><sup>1</sup> <br>| Elanco Animal Health, Inc. | &nbsp;&nbsp; 220335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 394 | Elevance Health, Inc. | &nbsp;&nbsp; 151233 |
| &nbsp;&nbsp; 1564 | Gilead Sciences, Inc. | &nbsp;&nbsp; 172165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | HCA Healthcare, Inc. | &nbsp;&nbsp; 28223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 232 | Humana, Inc. | &nbsp;&nbsp; 54086 |
| &nbsp;&nbsp; 3738<br><sup>1</sup> <br>| Illumina, Inc. | &nbsp;&nbsp; 307413 |
| &nbsp;&nbsp; 3880<br><sup>1</sup> <br>| Incyte Genomics, Inc. | &nbsp;&nbsp; 252433 |
| &nbsp;&nbsp; 1066 | Johnson & Johnson | &nbsp;&nbsp; 165454 |
| 12567<br><sup>1</sup> <br>| Moderna, Inc. | &nbsp;&nbsp; 333779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 301 | Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 147574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 427 | Teleflex, Inc. | &nbsp;&nbsp; 52209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 584 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 176315 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 4393456 |
|  | **Industrials—15.7%** |  |
| &nbsp;&nbsp; 3821 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp; 395550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 144 | Eaton Corp. PLC | &nbsp;&nbsp; 46109 |
| &nbsp;&nbsp; 1275 | Emerson Electric Co. | &nbsp;&nbsp; 152210 |
| &nbsp;&nbsp; 1034 | GE Aerospace | &nbsp;&nbsp; 254271 |
| &nbsp;&nbsp; 1560 | GE Vernova, Inc. | &nbsp;&nbsp; 737849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 822<br><sup>1</sup> <br>| Generac Holdings, Inc. | &nbsp;&nbsp; 100391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 674 | Lockheed Martin Corp. | &nbsp;&nbsp; 325124 |
| &nbsp;&nbsp; 2373 | Manpower, Inc. | &nbsp;&nbsp; 99547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 453 | Northrop Grumman Corp. | &nbsp;&nbsp; 219601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 761 | Otis Worldwide Corp. | &nbsp;&nbsp; 72561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 252 | Paycom Software, Inc. | &nbsp;&nbsp; 65291 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Industrials—continued** |  |
| &nbsp;&nbsp; 1334<br><sup>1</sup> <br>| SPX Technologies, Inc. | &nbsp;&nbsp; $202888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 955 | Trane Technologies PLC | &nbsp;&nbsp; 410908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 266 | TransDigm, Inc. | &nbsp;&nbsp; 390602 |
| &nbsp;&nbsp; 1376 | Union Pacific Corp. | &nbsp;&nbsp; 305004 |
| &nbsp;&nbsp; 2046<br><sup>1</sup> <br>| United Airlines Holdings, Inc. | &nbsp;&nbsp; 162544 |
| &nbsp;&nbsp; 6250 | Veralto Corp. | &nbsp;&nbsp; 631437 |
| &nbsp;&nbsp; 1604 | Waste Management, Inc. | &nbsp;&nbsp; 386516 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 4958403 |
|  | **Information Technology—7.9%** |  |
| &nbsp;&nbsp; 3357<br><sup>1</sup> <br>| DXC Technology Co. | &nbsp;&nbsp; 51026 |
| &nbsp;&nbsp; 6182<br><sup>1</sup> <br>| Fortinet, Inc. | &nbsp;&nbsp; 629204 |
| &nbsp;&nbsp; 1391<br><sup>1</sup> <br>| GoDaddy, Inc. | &nbsp;&nbsp; 253371 |
| 12902 | Hewlett Packard Enterprise Co. | &nbsp;&nbsp; 222947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 285 | IBM Corp. | &nbsp;&nbsp; 73832 |
| &nbsp;&nbsp; 2174<br><sup>1</sup> <br>| Kyndryl Holdings, Inc. | &nbsp;&nbsp; 84873 |
| &nbsp;&nbsp; 1000 | NetApp, Inc. | &nbsp;&nbsp; 99160 |
| &nbsp;&nbsp; 5256<br><sup>1</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 403083 |
| &nbsp;&nbsp; 1120<br><sup>1</sup> <br>| Qorvo, Inc. | &nbsp;&nbsp; 85142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 615 | Qualcomm, Inc. | &nbsp;&nbsp; 89298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 508 | Skyworks Solutions, Inc. | &nbsp;&nbsp; 35067 |
| &nbsp;&nbsp; 1367 | TD SYNNEX Corp. | &nbsp;&nbsp; 165872 |
| &nbsp;&nbsp; 3494 | Teradyne, Inc. | &nbsp;&nbsp; 274628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 347<br><sup>1</sup> <br>| Zoom Communications, Inc. | &nbsp;&nbsp; 28194 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 2495697 |
|  | **Materials—4.7%** |  |
| &nbsp;&nbsp; 2664 | Alcoa Corp. | &nbsp;&nbsp; 71315 |
| 11856 | Celanese Corp. | &nbsp;&nbsp; 626353 |
| &nbsp;&nbsp; 3381 | FMC Corp. | &nbsp;&nbsp; 137133 |
| &nbsp;&nbsp; 7337 | Newmont Corp. | &nbsp;&nbsp; 386807 |
| &nbsp;&nbsp; 2433 | PPG Industries, Inc. | &nbsp;&nbsp; 269576 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1491184 |
|  | **Real Estate—3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 518<br><sup>1</sup> <br>| CBRE Group, Inc. | &nbsp;&nbsp; 64760 |
| &nbsp;&nbsp; 9690 | Kilroy Realty Corp. | &nbsp;&nbsp; 312018 |
| &nbsp;&nbsp; 1608 | SBA Communications, Corp. | &nbsp;&nbsp; 372879 |
| &nbsp;&nbsp; 4768 | SL Green Realty Corp. | &nbsp;&nbsp; 270680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 914 | Welltower, Inc. | &nbsp;&nbsp; 141012 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1161349 |
|  | **Utilities—5.2%** |  |
| &nbsp;&nbsp; 1279 | American Electric Power Co., Inc. | &nbsp;&nbsp; 132364 |
| &nbsp;&nbsp; 2928 | Consolidated Edison Co. | &nbsp;&nbsp; 305947 |
| &nbsp;&nbsp; 2260 | Duke Energy Corp. | &nbsp;&nbsp; 266047 |
| &nbsp;&nbsp; 3000 | Edison International | &nbsp;&nbsp; 166950 |
| 13853 | Exelon Corp. | &nbsp;&nbsp; 607038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 904 | Southern Co. | &nbsp;&nbsp; 81360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 773 | WEC Energy Group, Inc. | &nbsp;&nbsp; 83051 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 1642757 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.3% <br>(IDENTIFIED COST $30,344,460)<br>| &nbsp;&nbsp; 31444292 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.7%<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 212774 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $31657066 |

---

**3**

------

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

1 *Non-income-producing security.* <br> 2 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at May 31, 2025.

**Investment Valuation** 

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

■ Equity securities or ETFs 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. The trading prices of the Fund's shares listed on its exchange may differ from the Fund's NAV and will normally be affected by market forces, such as supply and demand, economic conditions, the market value of the Fund's disclosed portfolio holdings and other factors. As a result, trading prices may be lower, higher or the same as the Fund's NAV; and investors may pay more than NAV when buying shares and receive less than NAV when selling shares through the exchange.

**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 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.

**4**

------

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 May 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 ETF Trust

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

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

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

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

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

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

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

  - **Telephone number:** 800-341-7400

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

- **a. Name of Series:** Federated Hermes MDT Large Cap Value ETF

- **b. EDGAR series identifier (if any):** S000085755

- **c. LEI of Series:** 254900DWW1JCHI8TCM77

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $31665520.11

**Total Liabilities:** $8453.92

**Net Assets:** $31657066.19

**Cash Not Reported:** $172132.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251150 | -3.02%               | -2.17%               | 5.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44021.65               | $-750513.37                                |
| Month 2  | $-285059.26              | $-240581.48                                |
| Month 3  | $150832.98               | $1451324.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Qorvo Inc                      | Qorvo Inc                                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      1120 | NS      | $85142.40     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       320 | NS      | $192144.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2104 | NS      | $555456.00    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      1604 | NS      | $386515.88    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                   | Fortinet Inc                                 | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      6182 | NS      | $629203.96    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       783 | NS      | $140783.40    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc            | Paycom Software Inc                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       252 | NS      | $65290.68     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                    | Nutanix Inc                                  | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      5256 | NS      | $403082.64    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                  | Welltower Inc                                | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |       914 | NS      | $141011.92    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc         | Skyworks Solutions Inc                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       508 | NS      | $35067.24     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      4035 | NS      | $375012.90    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp            | Otis Worldwide Corp                          | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       761 | NS      | $72561.35     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     12902 | NS      | $222946.56    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                          | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       266 | NS      | $390602.38    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                       | eBay Inc                                     | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      2410 | NS      | $176339.70    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                       | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       886 | NS      | $446508.56    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      4871 | NS      | $431619.31    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                    | Popular Inc                                  | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      2138 | NS      | $221347.14    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1275 | NS      | $152209.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                                   | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      2664 | NS      | $71315.28     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc            | Elevance Health Inc                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       394 | NS      | $151232.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1037 | NS      | $166687.38    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      3318 | NS      | $424803.54    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                     | Humana Inc                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       232 | NS      | $54086.16     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |       518 | NS      | $64760.36     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc            | DENTSPLY SIRONA Inc                          | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |      5860 | NS      | $93642.80     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1313 | NS      | $318008.60    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                  | Maplebear Inc                                | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5987 | NS      | $273426.29    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      1378 | NS      | $701732.72    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc            | Gilead Sciences Inc                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1564 | NS      | $172165.12    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      4636 | NS      | $503330.52    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In | Fidelity National Financial Inc              | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      2805 | NS      | $153629.85    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       301 | NS      | $147574.28    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                            | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      3232 | NS      | $160339.52    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |       144 | NS      | $46108.80     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial            | Synchrony Financial                          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      3907 | NS      | $225238.55    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                       | Fox Corp                                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      7213 | NS      | $396282.22    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       674 | NS      | $325124.12    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                | Ulta Beauty Inc                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       278 | NS      | $131065.88    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc           | Kyndryl Holdings Inc                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |      2174 | NS      | $84872.96     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                    | Moderna Inc                                  | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     12567 | NS      | $333779.52    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       773 | NS      | $83051.12     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       318 | NS      | $91902.00     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                  | Kroger Co/The                                | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      4560 | NS      | $311128.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands Inc                          | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      4076 | NS      | $256584.20    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                 | SharkNinja Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       479 | NS      | $44034.47     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc            | Cardinal Health Inc                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      2784 | NS      | $429960.96    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7337 | NS      | $386806.64    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                    | GoDaddy Inc                                  | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |      1391 | NS      | $253370.65    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       615 | NS      | $89298.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       419 | NS      | $39390.19     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                        | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      2362 | NS      | $651203.40    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                     | Biogen Inc                                   | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       758 | NS      | $98380.82     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                   | DoorDash Inc                                 | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       459 | NS      | $95770.35     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | Estee Lauder Cos Inc/The                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      6067 | NS      | $406124.98    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                       | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       955 | NS      | $410907.85    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      2433 | NS      | $269576.40    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      1034 | NS      | $254270.94    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                      | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      2928 | NS      | $305946.72    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     13853 | NS      | $607038.46    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1376 | NS      | $305004.16    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp             | Kilroy Realty Corp                           | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      9690 | NS      | $312018.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc        | Zoom Video Communications Inc                | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |       347 | NS      | $28193.75     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc              | ManpowerGroup Inc                            | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      2373 | NS      | $99547.35     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc       | Elanco Animal Health Inc                     | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     16394 | NS      | $220335.36    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       453 | NS      | $219600.81    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       305 | NS      | $41367.15     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd             | Capri Holdings Ltd                           | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | GB        |      4257 | NS      | $77136.84     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      3494 | NS      | $274628.40    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc                | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      1771 | NS      | $371343.28    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       285 | NS      | $73832.10     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                   | Illumina Inc                                 | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      3738 | NS      | $307413.12    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc           | Generac Holdings Inc                         | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |       822 | NS      | $100390.86    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      7751 | NS      | $215477.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                    | Incyte Corp                                  | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      3880 | NS      | $252432.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc            | Electronic Arts Inc                          | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1089 | NS      | $156576.42    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      5134 | NS      | $155354.84    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Financial Services Group Inc/The    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      3045 | NS      | $395362.80    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       372 | NS      | $39156.72     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc  | Principal Financial Group Inc                | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |       676 | NS      | $52653.64     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc           | SPX Technologies Inc                         | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |      1334 | NS      | $202888.06    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc       | Corebridge Financial Inc                     | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      1693 | NS      | $55208.73     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc   | United Airlines Holdings Inc                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      2046 | NS      | $162544.47    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                   | Veralto Corp                                 | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      6250 | NS      | $631437.50    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1986 | NS      | $359346.84    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3317 | NS      | $599017.03    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                   | Teleflex Inc                                 | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |       427 | NS      | $52209.29     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2260 | NS      | $266047.20    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp        | SBA Communications Corp                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      1608 | NS      | $372879.12    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                  | Celanese Corp                                | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     11856 | NS      | $626352.48    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc         | Advance Auto Parts Inc                       | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     15035 | NS      | $720627.55    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |        89 | NS      | $11699.05     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                         | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      3000 | NS      | $166950.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                   | Centene Corp                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2774 | NS      | $156564.56    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       584 | NS      | $176315.44    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      3835 | NS      | $551319.60    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc       | Prudential Financial Inc                     | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      6445 | NS      | $669571.05    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                 | Five Below Inc                               | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      1580 | NS      | $184180.60    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      5637 | NS      | $542730.36    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      2853 | NS      | $812905.29    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                     | NetApp Inc                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |      1000 | NS      | $99160.00     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1398 | NS      | $402875.64    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      4749 | NS      | $208766.04    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      3249 | NS      | $346798.26    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      3413 | NS      | $117987.41    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp                           | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       355 | NS      | $41226.15     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      2630 | NS      | $623283.70    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                       | PVH Corp                                     | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      1732 | NS      | $145089.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings  | Allison Transmission Holdings Inc            | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      3821 | NS      | $395549.92    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      3381 | NS      | $137133.36    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       294 | NS      | $40189.80     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1560 | NS      | $737848.80    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc             | HCA Healthcare Inc                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |        74 | NS      | $28222.86     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co              | DXC Technology Co                            | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |      3357 | NS      | $51026.40     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp           | SL Green Realty Corp                         | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      4768 | NS      | $270679.36    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1066 | NS      | $165453.86    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       243 | NS      | $76265.55     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                 | SYNNEX Corp                                  | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1367 | NS      | $165871.78    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       913 | NS      | $49539.38     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                 | TechnipFMC PLC                               | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      1241 | NS      | $38657.15     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3820 | NS      | $710940.20    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co       | Molson Coors Beverage Co                     | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |      1655 | NS      | $88691.45     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       904 | NS      | $81360.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                             | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       610 | NS      | $63891.40     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1279 | NS      | $132363.71    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-22

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer