# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001707560-26-000106
**Filing Date:** 2026-6
**Character Count:** 24309
**Document Hash:** 891be18bf92866da75746a2e5e28b3a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001707560-26-000106.hdr.sgml**: 20260623

**ACCESSION NUMBER**: 0001707560-26-000106

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260623

**DATE AS OF CHANGE**: 20260623

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Adviser Series
- **CENTRAL INDEX KEY:** 0001707560

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23259
- **FILM NUMBER:** 261109407

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 1-800-341-7400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20200616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Hermes Adviser Series
- **DATE OF NAME CHANGE:** 20200615

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Federated Adviser Series
- **DATE OF NAME CHANGE:** 20180820

## Series and Classes Contracts Data

### Federated Hermes SDG Engagement Equity Fund (Series ID: S000063461)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000205625 | Institutional Shares | FHESX           |
| C000205626 | Class A Shares       | FHEQX           |
| C000205627 | Class C Shares       |  |
| C000205628 | Class R6 Shares      | FHERX           |

## 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 Adviser Series

- **b. Investment Company Act file number:** 811-23259

- **c. CIK number of Registrant:** 0001707560

- **d. LEI of Registrant:** 2549001OZ5PPTI84LJ34

- **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 SDG Engagement Equity Fund

- **b. EDGAR series identifier (if any):** S000063461

- **c. LEI of Series:** 254900GR0ZK60M93XJ38

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $89000581.28

**Total Liabilities:** $97273.32

**Net Assets:** $88903307.96

**Cash Not Reported:** $1672089.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205625 | 5.37%                | -8.72%               | 6.02%                |
| Class ID C000205626 | 5.31%                | -8.74%               | 6.04%                |
| Class ID C000205628 | 5.36%                | -8.71%               | 6.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $152668.18               | $5323245.60                                |
| Month 2  | $293018.21               | $-10013627.50                              |
| Month 3  | $3165023.73              | $1863548.58                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BECHTLE AG                                             | Bechtle AG                        | CUSIP: 000000000<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |     33715 | NS      | $1147859.57   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ICU MEDICAL INC                                        | ICU Medical Inc                   | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     10794 | NS      | $1286644.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO INC                           | Simpson Manufacturing Co Inc      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      9380 | NS      | $1789047.40   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                      | Service Corp International/US     | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     20199 | NS      | $1636724.97   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JMDC INC                                               | JMDC Inc NPV                      | CUSIP: 000000000<br>LEI: 3538002M2SQV6WJ6MQ67 | Long             | EC               | CORP              | JP        |     51400 | NS      | $1097101.34   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| WINGSTOP INC                                           | Wingstop Inc                      | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      5095 | NS      | $835885.70    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| VISCOFAN INDUSTRIA NAVARRA DE ENVOLTURA CELULOSICAS SA | Viscofan SA                       | CUSIP: 000000000<br>LEI: 95980020140005684765 | Long             | EC               | CORP              | ES        |     26660 | NS      | $1879152.65   | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AALBERTS NV                                            | Aalberts NV                       | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |     33999 | NS      | $1300398.77   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| AZELIS GROUP NV                                        | Azelis Group NV                   | CUSIP: 000000000<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |     94083 | NS      | $1245359.36   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                      | Clean Harbors Inc                 | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      5897 | NS      | $1843873.96   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                                | Comfort Systems USA Inc           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      1086 | NS      | $1998511.50   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSARA INC                                            | Samsara Inc                       | CUSIP: 79589L106<br>LEI: 529900IE80DQBIFK3M88 | Long             | EC               | CORP              | US        |     25870 | NS      | $743503.80    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE MATERIALS INC                                    | Eagle Materials Inc               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      7079 | NS      | $1487368.69   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HORIBA LTD                                             | HORIBA LTD                        | CUSIP: 000000000<br>LEI: 529900OOTWPYSNW0EC84 | Long             | EC               | CORP              | JP        |     23312 | NS      | $3258279.72   | 3.66%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHNOGYM SPA                                          | Technogym SpA                     | CUSIP: 000000000<br>LEI: 815600B9149F66E77F76 | Long             | EC               | CORP              | IT        |     67557 | NS      | $1592016.76   | 1.79%             |  |  |  | Yes           |                  2 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC                       | Reinsurance Group of America Inc  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     11714 | NS      | $2477042.44   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SILICON LABORATORIES INC                               | Silicon Laboratories Inc          | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      3466 | NS      | $754548.20    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE COMPANY                                          | Crane Co                          | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     10187 | NS      | $1810535.51   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS INC                                            | Maximus Inc                       | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      6345 | NS      | $416358.90    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                                    | Axon Enterprise Inc               | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2872 | NS      | $1153854.72   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX INC                                                | WEX Inc                           | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      7806 | NS      | $1173475.98   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HUHTAMAKI OYJ                                          | Huhtamaki OYJ                     | CUSIP: 000000000<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     27779 | NS      | $889157.57    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIVERSIFIED ENERGY COMPANY                             | Diversified Energy Co             | CUSIP: 25520W107<br>LEI: 529900XTQ3OKXR6P0H74 | Long             | EC               | CORP              | US        |     96012 | NS      | $1574494.62   | 1.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HARWORTH GROUP PLC                                     | Harworth Group PLC                | CUSIP: 000000000<br>LEI: 213800R8JSSGK2KPFG21 | Long             | EC               | CORP              | GB        |    513937 | NS      | $933753.83    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ANSELL LTD                                             | Ansell Ltd                        | CUSIP: 000000000<br>LEI: 549300NEGJ5G23VCJM45 | Long             | EC               | CORP              | AU        |     88336 | NS      | $1693966.29   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC                          | Jefferies Financial Group Inc     | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     18961 | NS      | $914299.42    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                                 | Guidewire Software Inc            | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      8429 | NS      | $1166489.31   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| APTARGROUP INC                                         | AptarGroup Inc                    | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     16006 | NS      | $1979622.08   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ECORA ROYALTIES PLC                                    | ECORA RESOURCES PLC               | CUSIP: 000000000<br>LEI: 213800LXSV317746JZ71 | Long             | EC               | CORP              | GB        |    782677 | NS      | $1467362.69   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| BURCKHARDT COMPRESSION HOLDING AG                      | Burckhardt Compression Holding AG | CUSIP: 000000000<br>LEI: 5067004N56DLX7GY3E95 | Long             | EC               | CORP              | CH        |      2459 | NS      | $1646417.52   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| ORGANO CORP                                            | Organo Corp NPV                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11500 | NS      | $1172246.01   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| AAON INC                                               | AAON Inc                          | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11807 | NS      | $1101711.17   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NIFCO INC                                              | Nifco Inc/Japan                   | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |     42527 | NS      | $1260565.56   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| RPM INTERNATIONAL INC                                  | RPM International Inc             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     16180 | NS      | $1648580.20   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                           | Assurant Inc                      | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      6166 | NS      | $1456840.82   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP                                | Wintrust Financial Corp           | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     19217 | NS      | $2893503.69   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVANTA INC                                            | Novanta Inc                       | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10027 | NS      | $1298797.31   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTEGRIS INC                                           | Entegris Inc                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      7408 | NS      | $1047343.04   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KIRBY CORP                                             | KIRBY CORP                        | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     13215 | NS      | $1989386.10   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUIFAX INC                                            | Equifax Inc                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      7785 | NS      | $1354122.90   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLTEN VENTURES PLC                                    | Draper Esprit PLC                 | CUSIP: 000000000<br>LEI: 213800IPCR3SAYJWSW10 | Long             | EC               | CORP              | GB        |    226366 | NS      | $1724187.33   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| BELIMO HOLDING AG                                      | Belimo Holding AG                 | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      1052 | NS      | $970430.45    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL GOLD INC                                         | Royal Gold Inc                    | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      2790 | NS      | $651130.20    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                          | Credicorp Ltd                     | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      5647 | NS      | $1830587.99   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY INC                                       | Trex Co Inc                       | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23888 | NS      | $936409.60    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST PHARMACEUTICAL SERVICES INC                       | West Pharmaceutical Services Inc  | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      7724 | NS      | $2298585.16   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHTRONIC INDUSTRIES COMPANY LTD                      | Techtronic Industries Co Ltd      | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    114240 | NS      | $1663714.78   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                                    | Alliant Energy Corp               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     13625 | NS      | $1000483.75   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FPT CORP                                               | FPT Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    207700 | NS      | $594704.86    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| NVENT ELECTRIC PLC                                     | nVent Electric PLC                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     25908 | NS      | $3702253.20   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MERLIN PROPERTIES SOCIMI SA                            | Merlin Properties Socimi SA       | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |    108864 | NS      | $1900453.35   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DCC PLC                                                | DCC PLC                           | CUSIP: 000000000<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     19480 | NS      | $1473822.75   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSONITE GROUP SA                                     | SAMSONITE INTERNATIONAL SA        | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | LU        |    630593 | NS      | $1157736.10   | 1.30%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TYLER TECHNOLOGIES INC                                 | Tyler Technologies Inc            | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      4191 | NS      | $1429717.74   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORP                                         | Brunswick Corp/DE                 | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     17416 | NS      | $1383701.20   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AFC ENERGY PLC                                         | AFC Energy PLC                    | CUSIP: 000000000<br>LEI: 213800SRJST19GNS9U35 | Long             | EC               | CORP              | GB        |   3784551 | NS      | $783430.23    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| STERIS PLC                                             | STERIS PLC                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      9950 | NS      | $2157956.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE & MAIN INC                                        | Core & Main Inc                   | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26264 | NS      | $1322917.68   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE ZONES HOLDINGS CO LTD                             | Blue Zones Holdings Co Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    156450 | NS      | $1746792.41   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-23

**Name of Applicant:** Federated Hermes Adviser Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Adviser Series

**Title:** Chief Compliance Officer