# EDGAR Filing Document

**Accession Number:** 0000861469
**File Stem:** 0001623632-25-001767
**Filing Date:** 2025-12
**Character Count:** 24910
**Document Hash:** 4f6aeea8b026ae005dcf1dc33cdc8f0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001623632-25-001767.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001623632-25-001767

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**EFFECTIVENESS DATE**: 20251223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Index Trust
- **CENTRAL INDEX KEY:** 0000861469

**ORGANIZATION NAME:**
- **EIN:** 256343882
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-33852
- **FILM NUMBER:** 251601217

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INDEX TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Federated Hermes Max-Cap Index Fund (Series ID: S000009097)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024708 | Class C Shares       | MXCCX           |
| C000024709 | Class R Shares       | FMXKX           |
| C000024710 | Institutional Shares | FISPX           |
| C000024711 | Service Shares       | FMXSX           |

**Summary Prospectus**

***December 31, 2025***

![](imga6b242a11.jpg)

*Disclosure contained herein relates to all classes of the Fund, as listed below, unless otherwise noted.* 

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| | | | | |
|:---|:---|:---|:---|:---|
| **Share Class** \| Ticker | **C** \| MXCCX | **R** \| FMXKX | **Institutional** \| FISPX | **Service** \| FMXSX |

---

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Federated Hermes Max-Cap Index Fund

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A Portfolio of Federated Hermes Index Trust

Before you invest, you may want to review the Fund's Prospectus, which contains more information about the Fund and its risks. You can find the Fund's Prospectus and other information about the Fund, including the Statement of Additional Information and most recent reports to shareholders, online at FederatedHermes.com/us/FundInformation. You can also get this information at no cost by calling 1-800-341-7400, by sending an email request via Contact Us on FederatedHermes.com/us, or from a financial intermediary through which Shares of the Fund may be bought or sold. The Fund's Prospectus and Statement of Additional Information, both dated December 31, 2025, are incorporated by reference into this Summary Prospectus.

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A mutual fund seeking to provide investment results that generally correspond to the aggregate price and performance of publicly traded common stocks comprising the S&P 500 Index ("Index"). The Fund is neither sponsored by nor affiliated with S&P Global Ratings.

As with all mutual funds, the Securities and Exchange Commission (SEC) has not approved or disapproved these securities or passed upon the adequacy of this Prospectus. Any representation to the contrary is a criminal offense.

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**Not FDIC Insured ▪ May Lose Value ▪ No Bank Guarantee**

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Fund Summary Information

**Federated Hermes Max-Cap Index Fund (the "Fund")**

**RISK/RETURN SUMMARY: INVESTMENT OBJECTIVE**

The Fund's investment objective is to provide investment results that generally correspond to the aggregate price and performance of publicly traded common stocks comprising the S&P 500 Index.

**RISK/RETURN SUMMARY: FEES AND EXPENSES**

This table describes the fees and expenses that you may pay if you buy, hold and sell Class C Shares (C), Class R Shares (R), Institutional Shares (IS) and Service Shares (SS) of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.** Information about certain sales charge discounts is available from your financial professional, in the "What Do Shares Cost?" section of the Prospectus on page 12 and in "Appendix B" to this Prospectus.

**Shareholder Fees (fees paid directly from your investment)** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **C** | **R** | **IS** | **SS** |
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of <br> offering price)<br>|  |  |  |  |
| Maximum Deferred Sales Charge (Load) (as a percentage of original <br> purchase price or redemption proceeds, as applicable)<br>| 1.00% |  |  |  |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (and other <br> Distributions) (as a percentage of offering price)<br>|  |  |  |  |
| Redemption Fee (as a percentage of amount redeemed, if applicable) |  |  |  |  |
| Exchange Fee |  |  |  |  |

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

**Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)** 

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **C** | **R** | **IS** | **SS** |
| Management Fee | 0.30% | 0.30% | 0.30% | 0.30% |
| Distribution (12b-1) Fee | 0.75% | 0.50% |  | 0.30% |
| Other Expenses | 0.52% | 0.48% | 0.26%<sup>1</sup> <br>| 0.52% |
| Total Annual Fund Operating Expenses | 1.57% | 1.28% | 0.56% | 1.12% |
| Fee Waivers and/or Expense Reimbursements<sup>2</sup> | (0.12)% | (0.16)% | (0.19)% | (0.45)% |
| Total Annual Fund Operating Expenses After Fee Waivers and/or <br> Expense Reimbursements<br>| 1.45% | 1.12% | 0.37% | 0.67% |

---

The Fund may incur and pay certain service fees (shareholder services/account administration fees)

on its IS class of up to a maximum amount of 0.25%. No such fees are currently incurred and paid by

the IS class of the Fund. The IS class of the Fund will not incur and pay such fees until such time as

approved by the Fund's Board of Trustees (the "Trustees").

**1**

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The Manager and certain of its affiliates on their own initiative have agreed to waive certain amounts

of their respective fees and/or reimburse expenses. Effective January 1, 2026, total annual fund

operating expenses (excluding acquired fund fees and expenses, interest expense, extraordinary

expenses and proxy-related expenses, if any) paid by the Fund's C, R, IS and SS classes (after the

voluntary waivers and/or reimbursements) will not exceed 1.45%, 1.12%, 0.37% and 0.67% (the "Fee

Limit"), respectively, up to but not including the later of (the "Termination Date"): (a) January 1,

2027; or (b) the date of the Fund's next effective Prospectus. While the Manager and its affiliates

currently do not anticipate terminating or increasing these arrangements prior to the Termination

Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination

Date with the approval of the Trustees.

**Example**

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 for the time periods indicated and then redeem all of your Shares at the end of those periods. Expenses assuming no redemption are also shown. The Example also assumes that your investment has a 5% return each year and that operating expenses remain the same. The Example does not reflect sales charges (loads) on reinvested dividends. If these sales charges (loads) were included, your costs would be higher. Although your actual costs and returns may be higher or lower, based on these assumptions your costs would be:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Share Class** | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| **C:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $260 | &nbsp;&nbsp; $496 | &nbsp;&nbsp; $855 | &nbsp;&nbsp; $1867 |
| Expenses assuming no redemption | &nbsp;&nbsp; $160 | &nbsp;&nbsp; $496 | &nbsp;&nbsp; $855 | &nbsp;&nbsp; $1867 |
| **R:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $130 | &nbsp;&nbsp; $406 | &nbsp;&nbsp; $702 | &nbsp;&nbsp; $1545 |
| Expenses assuming no redemption | &nbsp;&nbsp; $130 | &nbsp;&nbsp; $406 | &nbsp;&nbsp; $702 | &nbsp;&nbsp; $1545 |
| **IS:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $57 | &nbsp;&nbsp; $179 | &nbsp;&nbsp; $313 | &nbsp;&nbsp; $701 |
| Expenses assuming no redemption | &nbsp;&nbsp; $57 | &nbsp;&nbsp; $179 | &nbsp;&nbsp; $313 | &nbsp;&nbsp; $701 |
| **SS:** |  |  |  |  |
| Expenses assuming redemption | &nbsp;&nbsp; $114 | &nbsp;&nbsp; $356 | &nbsp;&nbsp; $617 | &nbsp;&nbsp; $1363 |
| Expenses assuming no redemption | &nbsp;&nbsp; $114 | &nbsp;&nbsp; $356 | &nbsp;&nbsp; $617 | &nbsp;&nbsp; $1363 |

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**Portfolio Turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund Shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 31% of the average value of its portfolio.

**2**

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**RISK/RETURN SUMMARY: INVESTMENTS, RISKS and PERFORMANCE**

**What are the Fund's Main Investment Strategies?**

The Fund normally invests its assets primarily in common stocks included in the S&P 500 Index ("Index"). The Index is a broad-based market index that measures the performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. Under normal circumstances, Federated Equity Management Company of Pennsylvania (the "Manager" or "Adviser") will also use enhanced management techniques as further described in the Prospectus in an attempt to improve the performance of the Fund's portfolio relative to the Index to compensate for Fund expenses and tracking error. The Manager's principal enhanced management technique will be to over or underweight positions in securities within the Index based upon the Manager's quantitative analysis of the securities. The Fund may invest in derivative contracts (such as, for example, futures contracts) to implement its investment strategies. The Fund may use derivative contracts to increase or decrease the portfolio's exposure to the investment(s) underlying the derivative contracts in an attempt to benefit from changes in the value of the underlying investment(s), to realize gains from trading a derivative contract or to hedge against potential losses. There can be no assurances that the Fund's use of derivative contracts will work as intended. Derivative investments made by the Fund are included within the Fund's 80% policy (as described below) and are calculated at market value.

Consistent with the Fund's benchmark, the Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.

The Fund will invest its net assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in Index investments. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy.

The Fund's Manager has received an exemptive order from the SEC to permit the Trust and the Board of Trustees (the "Board") to appoint and replace subadvisers for the Fund and to enter into and amend the Fund's subadvisory agreements without further shareholder approval.

**Diversification Policy.** The Fund intends to be diversified in approximately the same proportion as the Index is diversified. The Fund may become "non-diversified," as defined in the Investment Company Act of 1940, as amended (the "1940 Act"), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not be sought if the Fund becomes "non-diversified" due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index. The Fund discloses its portfolio holdings and weightings at FederatedHermes.com/us.

**3**

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**What are the Main Risks of Investing in the Fund?**

All mutual funds take investment risks. Therefore, it is possible to lose money by investing in the Fund. The primary factors that may reduce the Fund's returns include:

■ **Stock Market Risk.** The value of equity securities in the Fund's portfolio will fluctuate and, as a result, the Fund's Share price may decline suddenly or over a sustained period of time. Information publicly available about a company, whether from the company's financial statements or other disclosures or from third parties, or information available to some but not all market participants, can affect the price of a company's shares in the market. Among other factors, equity securities may decline in value because of an increase in interest rates or changes in the stock market. Recent and potential future changes in industry and/or economic trends, as well as changes in monetary policy made by central banks and/or their governments, also can affect the level of interest rates and contribute to the development of or increase in volatility, illiquidity, shareholder redemptions and other adverse effects (such as a decline in a company's stock price), which could negatively impact the Fund's performance.

■ **Sector Risk.** Because the Fund may allocate relatively more assets to certain industry sectors than others, the Fund's performance may be more susceptible to any developments which affect those sectors emphasized by the Fund.

■ **Leverage Risk.** Leverage risk is created when an investment exposes the Fund to a level of risk that exceeds the amount invested. Changes in the value of such an investment magnify the Fund's risk of loss and potential for gain.

■ **Liquidity Risk.** Liquidity risk refers to the possibility that the Fund may not be able to sell a security or close out a derivative contract when it wants to. If this happens, the Fund will be required to continue to hold the security or keep the position open, and the Fund could incur losses. Over-the-counter (OTC) derivative contracts generally carry greater liquidity risk than exchange-traded contracts.

■ **Risk of Investing in Derivative Contracts.** Derivative contracts involve risks different from, or possibly greater than, risks associated with investing directly in securities and other traditional investments. Specific risk issues related to the use of such contracts include valuation and tax issues, increased potential for losses and/or costs to the Fund, and a potential reduction in gains to the Fund. Each of these issues is described in greater detail in this Prospectus. Derivative contracts may also involve other risks described in this Prospectus, such as stock market, credit, liquidity and leverage risks.

■ **Counterparty Risk.** Counterparty risk includes the possibility that a party to a transaction involving the Fund will fail to meet its obligations.

**4**

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■ **Risk Related to the Economy.** The value of the Fund's portfolio may decline in tandem with a drop in the overall value of the markets in which the Fund invests and/or other markets. Global economic, political and financial conditions including geopolitical and other events (e.g., wars, sanctions and terrorism), legislative changes, industry or economic trends and developments, natural disasters or public health risks, such as epidemics or pandemics, may, from time to time, and for varying periods of time, have a significant effect on the economies of many nations, including the U.S., and financial markets generally and cause the Fund to experience volatility, illiquidity, loss of value, shareholder redemptions, and/or other potentially adverse effects.

■ **Exchange-Traded Funds Risk**. An investment in an exchange-traded fund (ETF) generally presents the same primary risks as an investment in a conventional fund (i.e., one that is not exchange-traded) that has the same investment objectives, strategies and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down.

■ **Quantitative Modeling Risk.** The Fund employs quantitative models as a management technique. These models examine multiple economic factors using various proprietary and third-party data. The results generated by quantitative analysis may perform differently than expected and may negatively affect Fund performance for various reasons (for example, human judgment, data imprecision, software or other technology malfunctions, or programming inaccuracies).

■ **Non-Diversification Risk.** To the extent the Fund is non-diversified, the Fund may invest a large percentage of its assets in securities or other instruments representing a small number of issuers or counterparties and thus may be more susceptible to the risks associated with these particular issuers or counterparties. As a result, the Fund's performance may depend to a greater extent on the performance of a small number of issuers or counterparties, which may lead to more volatility in the Fund's net asset value (NAV).

■ **Technology Risk.** The Manager uses various technologies in managing the Fund, consistent with its investment objective and strategy described in this Prospectus. For example, proprietary and third-party data and systems are utilized to support decision making for the Fund. Data imprecision, software or other technology malfunctions, programming inaccuracies and similar circumstances may impair the performance of these systems, which may negatively affect Fund performance.

The Shares offered by this Prospectus are not deposits or obligations of any bank, are not endorsed or guaranteed by any bank and are not insured or guaranteed by the U.S. government, the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.

**5**

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**Performance: Bar Chart and Table**

**Risk/Return Bar Chart**

The bar chart and performance table below reflect historical performance data for the Fund and are intended to help you analyze the Fund's investment risks in light of its historical returns. The bar chart shows the variability of the Fund's IS class total returns on a calendar year-by-year basis. The Average Annual Total Return Table shows returns *averaged* over the stated periods, and includes comparative performance information with a broad-based securities market index. *The Fund's performance will fluctuate, and past performance (before and after taxes) is not necessarily an indication of future results.* Updated performance information for the Fund is available under the "Products" section at FederatedHermes.com/us or by calling 1-800-341-7400.

![](mxcfprog0071701.jpg)

*The Fund's IS class total return for the nine-month period from January 1, 2025 to September 30, 2025, was 14.54%.*

*Within the periods shown in the bar chart, the Fund's IS class highest quarterly return was 20.49% (quarter ended June 30, 2020). Its lowest quarterly return was (19.65)% (quarter ended March 31, 2020).*

**Average Annual Total Return Table**

In addition to Return Before Taxes, Return After Taxes is shown for the Fund's IS class to illustrate the effect of federal taxes on Fund returns. After-tax returns are shown only for IS class and after-tax returns for C, R and SS classes will differ from those shown for the IS class. *Actual after-tax returns depend on each investor's personal tax situation, and are likely to differ from those shown.* After-tax returns are calculated using a standard set of assumptions. The stated returns assume the highest historical **federal** income and capital gains tax rates. These after-tax returns do **not** reflect the effect of any applicable **state** and **local** taxes. After-tax returns are not relevant to investors holding Shares through a 401(k) plan, an Individual Retirement Account and other tax-advantage investment plans.

**6**

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(For the Periods Ended December 31, 2024)

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| | | | |
|:---|:---|:---|:---|
| **Share Class** | **1 Year** | **5 Years** | **10 Years** |
| **C:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 22.34% | &nbsp;&nbsp; 12.97% | &nbsp;&nbsp; 11.58% |
| **R:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 23.76% | &nbsp;&nbsp; 13.31% | &nbsp;&nbsp; 11.93% |
| **IS:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 24.54% | &nbsp;&nbsp; 14.14% | &nbsp;&nbsp; 12.76% |
| Return After Taxes on Distributions | &nbsp;&nbsp; 20.80% | &nbsp;&nbsp; 9.68% | &nbsp;&nbsp; 7.91% |
| Return After Taxes on Distributions and Sale of Fund Shares | &nbsp;&nbsp; 16.49% | &nbsp;&nbsp; 10.31% | &nbsp;&nbsp; 8.81% |
| **SS:** |  |  |  |
| Return Before Taxes | &nbsp;&nbsp; 24.47% | &nbsp;&nbsp; 13.83% | &nbsp;&nbsp; 12.43% |
| **S&P 500 Index**<sup>1</sup><br> (reflects no deduction for fees, expenses or taxes)<br>| &nbsp;&nbsp; 25.02% | &nbsp;&nbsp; 14.52% | &nbsp;&nbsp; 13.10% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*The S&P 500*<sup>®</sup> *Index is an unmanaged capitalization weighted index of 500 stocks designated to* 

*measure performance of the broad domestic economy through changes in the aggregate market* 

*value of 500 stocks representing all major industries.*

**FUND MANAGEMENT**

The Fund's Investment Manager is Federated Equity Management Company of Pennsylvania.

Ian L. Miller, CFA, Senior Portfolio Manager, has been the Fund's portfolio manager since July 2012.

Damian M. McIntyre, CFA, CAIA and FRM, Senior Portfolio Manager, has been the Fund's portfolio manager since December 2016.

**purchase and sale of fund shares**

You may purchase, redeem or exchange Shares of the Fund on any day the New York Stock Exchange is open. Shares may be purchased through a financial intermediary firm that has entered into a Fund selling and/or servicing agreement with the Distributor or an affiliate ("Financial Intermediary") or directly from the Fund, by wire or by check. Please note that certain purchase restrictions may apply. Redeem or exchange Shares through a financial intermediary or directly from the Fund by telephone at 1-800-341-7400 or by mail.

**C Class**

The minimum investment amount for the Fund's C class is generally $1,500 for initial investments and $100 for subsequent investments. The minimum initial and subsequent investment amounts for Individual Retirement Accounts are generally $250 and $100, respectively. There is no minimum initial or subsequent investment amount for employer-sponsored retirement plans. Certain types of accounts are eligible for lower minimum investments. The minimum investment amount for Systematic Investment Programs is $50.

**7**

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**R Class**

The minimum initial and subsequent investment amounts for Individual Retirement Account rollovers into the Fund's R class are generally $250 and $100, respectively. There is no minimum initial or subsequent amount for employer-sponsored retirement plans. Certain types of accounts are eligible for lower minimum investments. The minimum investment amount for Systematic Investment Programs is $50.

**IS & SS Classes**

The minimum initial investment amount for the Fund's IS and SS classes is generally $1,000,000 and there is no minimum subsequent investment amount. Certain types of accounts are eligible for lower minimum investments. The minimum investment amount for Systematic Investment Programs is $50.

**Tax Information**

The Fund's distributions are taxable as ordinary income or capital gains except when your investment is through a 401(k) plan, an Individual Retirement Account or other tax-advantaged investment plan.

**Payments to Broker-Dealers and Other Financial Intermediaries**

If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and/or its related companies may pay the intermediary for the sale of Fund Shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

**8**

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

![](fhilogok11p.jpg)

Federated Hermes Max-Cap Index 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

*Investment Company Act File No. 811-6061*

*CUSIP 31420E502* <br>*CUSIP 31420E809* <br>*CUSIP 31420E106* <br>*CUSIP 31420E403*

*Q450420 (12/25)*© 2025 Federated Hermes, Inc.

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