# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001145549-25-040564
**Filing Date:** 2025-6
**Character Count:** 20685
**Document Hash:** 5d5638b548fd8f1f0f38d881c4f063f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-040564.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001145549-25-040564

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**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:** 251066805

**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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $92275541.38

**Total Liabilities:** $311064.41

**Net Assets:** $91964476.97

**Cash Not Reported:** $843806.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205625 | -5.38%               | -3.19%               | -1.25%               |
| Class ID C000205626 | -5.46%               | -3.19%               | -1.26%               |
| Class ID C000205628 | -5.38%               | -3.26%               | -1.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-252976.68              | $-5416182.09                               |
| Month 2  | $351366.89               | $-3452157.98                               |
| Month 3  | $154267.34               | $-1459087.60                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliant Energy Corp            | Alliant Energy Corp               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     22420 | NS      | $1368516.80   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd            | Varun Beverages Ltd               | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |    232257 | NS      | $1437206.85   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     33229 | NS      | $1824604.39   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc           | Chart Industries Inc              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     15188 | NS      | $2050076.24   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA    | Merlin Properties Socimi SA       | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               | CORP              | ES        |    130626 | NS      | $1484678.50   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co Inc      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     11886 | NS      | $1826759.34   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SSP Group Plc                  | SSP Group Plc                     | CUSIP: 000000000<br>LEI: 213800QGNIWTXFMENJ24 | Long             | EC               | CORP              | GB        |    546575 | NS      | $1084173.02   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Viscofan SA                    | Viscofan SA                       | CUSIP: 000000000<br>LEI: 95980020140005684765 | Long             | EC               | CORP              | ES        |     29704 | NS      | $2143071.06   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Asia Metals PLC        | Central Asia Metals PLC           | CUSIP: 000000000<br>LEI: 213800EYQBJZIT64NH43 | Long             | EC               | CORP              | GB        |    594487 | NS      | $1216845.30   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                    | Aalberts Industries NV            | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |     54162 | NS      | $1807712.73   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Azelis Group NV                | Azelis Group NV                   | CUSIP: 000000000<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |     81492 | NS      | $1269778.11   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Clean Harbors Inc              | Clean Harbors Inc                 | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      7075 | NS      | $1513625.50   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc            | Eagle Materials Inc               | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      8494 | NS      | $1922956.66   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Horiba Ltd                     | HORIBA LTD                        | CUSIP: 000000000<br>LEI: 529900OOTWPYSNW0EC84 | Long             | EC               | CORP              | JP        |     27962 | NS      | $1914105.40   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Technogym SpA                  | Technogym SpA                     | CUSIP: 000000000<br>LEI: 815600B9149F66E77F76 | Long             | EC               | CORP              | IT        |    166384 | NS      | $2240997.32   | 2.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nissan Chemical Corp           | Nissan Chemical Corp              | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |     33230 | NS      | $969803.16    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc  | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     14823 | NS      | $2776496.13   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc       | Silicon Laboratories Inc          | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     19763 | NS      | $2011082.88   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                    | Maximus Inc                       | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     23420 | NS      | $1568203.20   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                        | DCC PLC                           | CUSIP: 000000000<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |     33029 | NS      | $2153667.03   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsonite Group SA             | SAMSONITE INTERNATIONAL SA        | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |    756892 | NS      | $1362414.50   | 1.48%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tyler Technologies Inc         | Tyler Technologies Inc            | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      2592 | NS      | $1408233.60   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE              | Brunswick Corp/DE                 | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     30780 | NS      | $1417419.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Huhtamaki Oyj                  | Huhtamaki OYJ                     | CUSIP: 000000000<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     41832 | NS      | $1539751.91   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| WEX Inc                        | WEX Inc                           | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      9366 | NS      | $1221045.42   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Energy Co PLC      | Diversified Energy Co PLC         | CUSIP: 000000000<br>LEI: 213800YR9TFRVHPGOS67 | Long             | EC               | CORP              | US        |    115204 | NS      | $1441740.63   | 1.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Breedon Group PLC              | Breedon Group PLC                 | CUSIP: 000000000<br>LEI: 213800DQGNQE3X76WS92 | Long             | EC               | CORP              | GB        |    245816 | NS      | $1415474.37   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Harworth Group PLC             | Harworth Group PLC                | CUSIP: 000000000<br>LEI: 213800R8JSSGK2KPFG21 | Long             | EC               | CORP              | GB        |    616675 | NS      | $1439602.99   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Ansell Ltd                     | Ansell Ltd                        | CUSIP: 000000000<br>LEI: 549300NEGJ5G23VCJM45 | Long             | EC               | CORP              | AU        |    105996 | NS      | $2063869.20   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc    | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     24706 | NS      | $1329676.92   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                    | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     19205 | NS      | $2879789.75   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Glanbia PLC                    | Glanbia PLC                       | CUSIP: 000000000<br>LEI: 635400SRMCBHVMSKJS84 | Long             | EC               | CORP              | IE        |    110256 | NS      | $1428965.28   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Burckhardt Compression Holding | Burckhardt Compression Holding AG | CUSIP: 000000000<br>LEI: 5067004N56DLX7GY3E95 | Long             | EC               | CORP              | CH        |      2952 | NS      | $2013130.07   | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nifco Inc/Japan                | Nifco Inc/Japan                   | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |     62109 | NS      | $1543055.41   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Yaoko Co Ltd                   | Yaoko Co Ltd                      | CUSIP: 000000000<br>LEI: 353800Y2SZOLTECIV233 | Long             | EC               | CORP              | JP        |     48382 | NS      | $3240319.72   | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| RPM International Inc          | RPM International Inc             | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     22935 | NS      | $2448311.25   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                   | Assurant Inc                      | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      8768 | NS      | $1689944.32   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp        | Wintrust Financial Corp           | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     25299 | NS      | $2812489.83   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                       | LKQ Corp                          | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     32238 | NS      | $1231813.98   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Open House Group Co Ltd        | Open House Co Ltd                 | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |     33554 | NS      | $1484958.53   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| AFC Energy PLC                 | AFC Energy PLC                    | CUSIP: 000000000<br>LEI: 213800SRJST19GNS9U35 | Long             | EC               | CORP              | GB        |   2753333 | NS      | $280616.36    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11938 | NS      | $2682946.12   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                | Core & Main Inc                   | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35045 | NS      | $1846170.60   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                 | Littelfuse Inc                    | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      6946 | NS      | $1266325.26   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                    | Equifax Inc                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      9687 | NS      | $2519879.31   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                     | KIRBY CORP                        | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     14685 | NS      | $1415193.45   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc  | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      7420 | NS      | $1567771.80   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd   | Techtronic Industries Co Ltd      | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    180740 | NS      | $1838681.81   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Molten Ventures PLC            | Draper Esprit PLC                 | CUSIP: 000000000<br>LEI: 213800IPCR3SAYJWSW10 | Long             | EC               | CORP              | GB        |    271617 | NS      | $962640.55    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PTC Inc                        | PTC Inc                           | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     17382 | NS      | $2693688.54   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                  | Credicorp Ltd                     | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |     11690 | NS      | $2363601.10   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                       | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25761 | NS      | $1489501.02   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-24

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer