Federated Hermes Global SMID Equity Engagement Fund Class A USD ACC

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable Federated Hermes Glb SMID Eq EgmtAUSDAcc’s performance objective and investment process is for both security selection and portfolio construction.

The People Pillar is our evaluation of the Federated Hermes Glb SMID Eq EgmtAUSDAcc management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

The Parent Pillar is our rating of Federated Hermes Glb SMID Eq EgmtAUSDAcc’s parent organization’s priorities and whether they’re in line with investors’ interests.