# EDGAR Filing Document

**Accession Number:** 0001707560
**File Stem:** 0001145549-23-002463
**Filing Date:** 2023-1
**Character Count:** 36671
**Document Hash:** 6d64c2a5f374f13ddc9100f5fd2a68f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-002463.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001145549-23-002463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Adviser Series
- **CENTRAL INDEX KEY:** 0001707560
- **IRS NUMBER:** 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:** 23547771

**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 International Growth Fund (Series ID: S000066203)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000213948 | Class C Shares       |  |
| C000213949 | Institutional Shares | PIGDX           |
| C000213950 | Class R6 Shares      | REIGX           |
| C000213951 | Class A Shares       |  |

## 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 International Growth Fund

- **b. EDGAR series identifier (if any):** S000066203

- **c. LEI of Series:** 254900M84ID4508EO322

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $742034404.18

**Total Liabilities:** $758086.63

**Net Assets:** $741276317.55

**Cash Not Reported:** $200237.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000213949 | -12.50%              | 4.22%                | 11.56%               |
| Class ID C000213950 | -12.57%              | 4.22%                | 11.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78736.12                | $-89869860.08                              |
| Month 2  | $-8697256.80             | $35639040.17                               |
| Month 3  | $-994379.21              | $77225327.41                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Davide Campari-Milano NV                                    | Davide Campari-Milano NV                                        | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | EC               | CORP              | IT        |    891773 | NS      | $9458137.89   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                                        | Dassault Systemes SE                                            | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    195140 | NS      | $7321383.65   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                         | LVMH Moet Hennessy Louis Vuitton SE                             | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     12777 | NS      | $9892770.80   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                                                 | Cameco Corp                                                     | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    282079 | NS      | $6877086.02   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Inc                                                   | Alcon Inc                                                       | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    181789 | NS      | $12523444.21  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd                                 | Murata Manufacturing Co Ltd                                     | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |    139250 | NS      | $7660329.01   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                                 | Heineken NV                                                     | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     79507 | NS      | $7329964.61   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc                                     | Lululemon Athletica Inc                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |     18437 | NS      | $7011775.47   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                                 | Boralex Inc                                                     | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |    190711 | NS      | $5360579.05   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                                       | Kongsberg Gruppen ASA                                           | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |    180795 | NS      | $7487379.31   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                                                  | Entain PLC                                                      | CUSIP: 000000000<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | GB        |    280512 | NS      | $4820822.03   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co Ltd                                      | NARI Technology Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1259200 | NS      | $4704778.09   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Darktrace PLC                                               | Darktrace PLC                                                   | CUSIP: 000000000<br>LEI: 213800PC5S5P9CSNFC89 | Long             | EC               | CORP              | GB        |   1145948 | NS      | $4717298.77   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| 3R PETROLEUM OLEO E GAS SA                                  | 3R PETROLEUM OLEO E GAS SA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1331411 | NS      | $9490377.96   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                                  | JD.com Inc                                                      | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    105928 | NS      | $3016596.02   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                                   | Argenx SE                                                       | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     24904 | NS      | $9911044.88   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                                  | Verbund AG                                                      | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     60218 | NS      | $5466136.08   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                                                  | Denso Corp                                                      | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    126500 | NS      | $7010940.75   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                   | Taiwan Semiconductor Manufacturing Co Ltd                       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    686000 | NS      | $10959672.55  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                              | Dino Polska SA                                                  | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    119488 | NS      | $9791515.78   | 1.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bradesco SA                                           | Banco Bradesco SA                                               | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    816600 | NS      | $2425302.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Aerospace Industries Ltd                              | Korea Aerospace Industries Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    128390 | NS      | $4767932.55   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance                                             | TELEPERFORMANCE                                                 | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     25655 | NS      | $5811580.61   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                                   | Hoya Corp                                                       | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     85241 | NS      | $8824655.65   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech                                    | Sartorius Stedim Biotech                                        | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     15488 | NS      | $5311678.13   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                                           | ASHTEAD GROUP PLC                                               | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |    136415 | NS      | $8314324.66   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                                     | Sika AG                                                         | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     37911 | NS      | $9775949.14   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                                | Keyence Corp                                                    | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     32317 | NS      | $13743139.84  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                            | Novo Nordisk A/S                                                | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    126819 | NS      | $15801647.40  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TIGERMED                                                    | Hangzhou Tigermed Consulting Co Ltd                             | CUSIP: 000000000<br>LEI: 300300CP4N8WDF6DOO67 | Long             | EC               | CORP              | CN        |    354900 | NS      | $3369581.42   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aker BP ASA                                                 | Aker BP ASA                                                     | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    248899 | NS      | $8683467.55   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordic Semiconductor ASA                                    | Nordic Semiconductor ASA                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJGFK95 | Long             | EC               | CORP              | NO        |    284309 | NS      | $5321578.68   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group                               | InterContinental Hotels Group PLC                               | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     73840 | NS      | $4344737.12   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                                   | Wuxi Biologics Cayman Inc                                       | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |    737957 | NS      | $4832045.66   | 0.65%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Renesas Electronics Corp                                    | Renesas Electronics Corp                                        | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |    992500 | NS      | $9829552.82   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                                   | Alibaba Group Holding Ltd                                       | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    667281 | NS      | $7282530.56   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| WiseTech Global Ltd                                         | WiseTech Global Ltd                                             | CUSIP: 000000000<br>LEI: 254900VE3AF301Q85K83 | Long             | EC               | CORP              | AU        |    185736 | NS      | $7385986.34   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                                 | Rational AG                                                     | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      7348 | NS      | $4546012.93   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                             | Gold Fields Ltd                                                 | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    775026 | NS      | $8574856.60   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Aritzia Inc                                                 | Aritzia Inc                                                     | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    289965 | NS      | $11030375.09  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                                | Ganfeng Lithium Co Ltd                                          | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |    785400 | NS      | $6929772.69   | 0.93%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Federated Hermes Institutional Prime Value Obligations Fund | Federated Institutional Prime Value Obligations Fund            | CUSIP: 60934N583<br>LEI: 254900OXLDDVEP8MMK94 | Long             | EC               | RF                | US        |  25112131 | NS      | $25102086.39  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                                      | Localiza Rent a Car SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    513453 | NS      | $5946510.70   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinhomes JSC                                                | Vinhomes JSC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   2826133 | NS      | $6253334.49   | 0.84%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Globant SA                                                  | Globant SA                                                      | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | UY        |     29442 | NS      | $5516841.96   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                                   | Tokio Marine Holdings Inc                                       | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    550600 | NS      | $11366822.62  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Neste Oyj                                                   | Neste Oyj                                                       | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    138744 | NS      | $7139113.81   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                               | HDFC Bank Ltd                                                   | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     81043 | NS      | $5719204.51   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG                                          | Barry Callebaut AG                                              | CUSIP: 000000000<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      4507 | NS      | $9237794.30   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                                          | Kingspan Group PLC                                              | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     68228 | NS      | $3825408.36   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                                    | SMC CORP/JAPAN                                                  | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     19672 | NS      | $8998573.68   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                                     | Saudi National Bank/The                                         | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    302026 | NS      | $4156016.87   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Xvivo Perfusion AB                                          | Xvivo Perfusion AB                                              | CUSIP: 000000000<br>LEI: 549300G2464FYLS14B41 | Long             | EC               | CORP              | SE        |    219672 | NS      | $4033992.81   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Quimica y Minera de C                              | Sociedad Quimica y Minera de Chile SA                           | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     87580 | NS      | $8684432.80   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                                   | Zijin Mining Group Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900ABI5CBFXD01Q05 | Long             | EC               | CORP              | CN        |   3880000 | NS      | $5065553.79   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                                                | Olympus Corp                                                    | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    622208 | NS      | $12856685.64  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Vitrolife AB                                                | Vitrolife AB                                                    | CUSIP: 000000000<br>LEI: 5493001WDZMONMSPPR49 | Long             | EC               | CORP              | SE        |    163130 | NS      | $2947651.33   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                                              | ALK-Abello A/S                                                  | CUSIP: 000000000<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |    267960 | NS      | $3884669.20   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Endava PLC                                                  | Endava PLC                                                      | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |     66304 | NS      | $5086179.84   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd                                       | Daiichi Sankyo Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |    406200 | NS      | $13453447.30  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                             | AstraZeneca PLC                                                 | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    445177 | NS      | $30258680.69  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                                     | Reliance Industries Ltd                                         | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    409942 | NS      | $13817239.08  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                                    | ICON PLC                                                        | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     39637 | NS      | $8539395.28   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                                  | Tenaris SA                                                      | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    255796 | NS      | $8817288.12   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopro BM Co Ltd                                            | Ecopro BM Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43766 | NS      | $3863085.32   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Nidec Corp                                                  | NIDEC CORP                                                      | CUSIP: 000000000<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |    116112 | NS      | $7343824.05   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                                           | Compass Group PLC                                               | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    611326 | NS      | $13860136.33  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                               | AIA Group Ltd                                                   | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    774237 | NS      | $7896431.61   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Airports of Thailand PCL                                    | Airports of Thailand PCL                                        | CUSIP: 000000000<br>LEI: 5299006VS4CU6LW0TY22 | Long             | EC               | CORP              | TH        |   4336800 | NS      | $9253866.05   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                                | MediaTek Inc                                                    | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    173000 | NS      | $4199408.74   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                             | ASML Holding NV                                                 | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     22851 | NS      | $13896150.12  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                                  | SolarEdge Technologies Inc                                      | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |     24525 | NS      | $7329541.50   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                        | Infrastrutture Wireless Italiane SpA                            | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    494223 | NS      | $4958892.31   | 0.67%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CyberArk Software Ltd                                       | CyberArk Software Ltd                                           | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     50068 | NS      | $7463636.76   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Friedrich Vorwerk Group SE                                  | Friedrich Vorwerk Group SE                                      | CUSIP: 000000000<br>LEI: 529900NBM89YAM5ENI18 | Long             | EC               | CORP              | DE        |    139488 | NS      | $3558186.28   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                                  | GENMAB A/S  SP ADR ADR                                          | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    129858 | NS      | $6042292.74   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfen Beheer BV                                             | Alfen Beheer BV                                                 | CUSIP: 000000000<br>LEI: 724500HDW6IWR9J5YT90 | Long             | EC               | CORP              | NL        |     99378 | NS      | $9708327.56   | 1.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                        | Tencent Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    360744 | NS      | $13555571.80  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                      | DBS Group Holdings Ltd                                          | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    842188 | NS      | $21898150.07  | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                                               | Lasertec Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     44812 | NS      | $8470754.36   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Burford Capital Ltd                                         | Burford Capital Ltd                                             | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | US        |   1037879 | NS      | $9558865.59   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd                                          | Samsung SDI Co Ltd                                              | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     46303 | NS      | $26073253.95  | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                           | Airtel Africa PLC                                               | CUSIP: 000000000<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   3152328 | NS      | $4689912.37   | 0.63%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SAP SE                                                      | SAP SE                                                          | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     41817 | NS      | $4636250.79   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                   | NESTLE SA                                                       | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    126110 | NS      | $15006988.44  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Intelbras SA Industria de Tele                              | Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    496568 | NS      | $3078341.71   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                                     | Meituan                                                         | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    474500 | NS      | $10190925.58  | 1.37%             |  |  |  | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

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

**Signature:** Stephen Van Meter

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

**Title:** Chief Compliance Officer