# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001623632-25-001560
**Filing Date:** 2025-11
**Character Count:** 2906
**Document Hash:** 1cd025419cff47a0dfa6701aa55c28d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001623632-25-001560.hdr.sgml**: 20251105

**ACCESSION NUMBER**: 0001623632-25-001560

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251105

**DATE AS OF CHANGE**: 20251105

**EFFECTIVENESS DATE**: 20251105

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-218374
- **FILM NUMBER:** 251454298

**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 Conservative Municipal Microshort Fund (Series ID: S000070657)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000224643 | Institutional Shares | FHMIX           |
| C000224644 | Class A Shares       | FHMAX           |

Federated Hermes Conservative Municipal Microshort Fund

**A Portfolio of Federated Hermes Adviser Series**

**CLASS A SHARES (TICKER FHMAX)** <br>**INSTITUTIONAL SHARES (TICKER FHMIX)**

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**SUPPLEMENT TO SUMMARY PROSPECTUS DATED OCTOBER 31, 2025** 

Mary Jo Ochson, CFA, will retire on April 2, 2026. Effective upon her retirement, Ms. Ochson will no longer serve as a portfolio manager of the Fund. Accordingly, effective April 2, 2026, please remove all references to Ms. Ochson.

Kyle Stewart, CFA, will continue as portfolio manager of the Fund and will continue to manage its portfolio as described in the Prospectus.

Effective December 5, 2025, Timothy Palmer will serve as a portfolio manager of the Fund.

Under the section entitled "**Fund Summary Information**" in the sub-section entitled "**Fund Management**," please add the following information for Mr. Palmer:

"Timothy Palmer, Intermediate Investment Analyst, has been the Fund's portfolio manager since December of 2025."

November 5, 2025

![](fhilogok11p.jpg)

Federated Hermes Conservative Municipal Microshort Fund <br>Federated Hermes Funds <br>4000 Ericsson Drive <br> Warrendale, PA 15086-7561

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

Federated Securities Corp., Distributor

*Q457137 (11/25)*© 2025 Federated Hermes, Inc.

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