Share
Class | Ticker |
A | QAMNX |
Institutional | QQMNX |
|
|
|
A |
IS |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
|
|
Maximum
Deferred Sales Charge (Load) (as a percentage of original purchase price
or redemption proceeds, as applicable) |
|
|
Maximum
Sales Charge (Load) Imposed on Reinvested Dividends (and other
Distributions) (as a percentage of offering price) |
||
Redemption
Fee (as a percentage of amount redeemed, if
applicable) |
|
|
Exchange
Fee |
|
A |
IS |
Management
Fee |
|
|
Distribution
(12b-1) Fee |
|
|
Other
Expenses |
|
|
Dividends
and Other Operating Expenses Related to Short Sales |
|
|
Other
Operating Expenses |
|
|
Acquired
Fund Fees and Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waivers and/or Expense Reimbursements2 |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements |
|
|
Share
Class |
1
Year |
3
Years |
5
Years |
10
Years |
A |
$ |
$ |
$ |
$ |
IS |
$ |
$ |
$ |
$ |
|
1
Year |
5
Years |
10
Years |
IS: |
|
|
|
Returns
Before Taxes |
|
|
|
Returns
After Taxes on Distributions |
|
|
|
Returns
After Taxes on Distributions and Sale of Fund Shares |
|
|
|
A: |
|
|
|
Returns
Before Taxes |
( |
|
|
ICE
BofA US 3-Month Treasury Bill Index1
(reflects
no deduction for fees, expenses or taxes) |
|
|
|
Morningstar
Equity Market Neutral Funds Average2 |
|
|
|
|
Minimum
Initial/Subsequent
Investment
Amounts1
|
Maximum
Sales Charges | |
Shares
Offered |
Front-End
Sales
Charge2
|
Contingent
Deferred
Sales
Charge3
| |
A |
$1,500/$100 |
5.50% |
0.00% |
A: |
|
|
Purchase
Amount |
Sales
Charge
as a
Percentage
of
Public
Offering
Price |
Sales
Charge
as a
Percentage
of
NAV |
Less
than $50,000 |
5.50% |
5.82% |
$50,000
but less than $100,000 |
4.50% |
4.71% |
$100,000
but less than $250,000 |
3.75% |
3.90% |
$250,000
but less than $500,000 |
2.50% |
2.56% |
$500,000
but less than $1 million |
2.00% |
2.04% |
$1
million or greater1
|
0.00% |
0.00% |
A: |
|
|
If
you make a purchase of the A class in the amount of $1 million or more and
your financial intermediary received an advance commission on the sale,
you will
pay
a 0.75% CDSC on any such Shares redeemed within 24 months of the
purchase. |
A: |
|
Purchase
Amount |
Dealer
Reallowance
as a
Percentage of
Public
Offering Price |
Less
than $50,000 |
5.00% |
$50,000
but less than $100,000 |
4.00% |
$100,000
but less than $250,000 |
3.25% |
$250,000
but less than $500,000 |
2.25% |
$500,000
but less than $1 million |
1.80% |
$1
million or greater |
0.00% |
A
(for purchases over $1 million): |
|
Purchase
Amount |
Advance
Commission
as a
Percentage of
Public
Offering Price |
First
$1 million - $5 million |
0.75% |
Next
$5 million - $20 million |
0.50% |
Over
$20 million |
0.25% |
|
Federated
Hermes
MDT
Market Neutral
Institutional
Composite
Gross
Returns |
Federated
Hermes MDT Market Neutral
Institutional
Composite Net Returns
(after
fees/expenses) |
ICE
BofA US 3-Month
Treasury
Bill Index1
(reflects
no deduction
for
fees, expenses or taxes) |
1-Year |
6.13% |
5.07% |
5.01% |
5-Year |
7.98% |
6.91% |
1.88% |
10-Year |
6.93% |
5.87% |
1.25% |
|
|
|
|
Calendar
Year Ended |
Federated
Hermes
MDT
Market Neutral
Institutional
Composite
Gross
Returns |
Federated
Hermes MDT Market Neutral
Institutional
Composite Net Returns
(after
fees/expenses) |
ICE
BofA US 3-Month
Treasury
Bill Index1
(reflects
no deduction
for
fees, expenses or taxes) |
2023 |
6.13% |
5.07% |
5.01% |
2022 |
10.83% |
9.72% |
1.46% |
2021 |
34.69% |
33.38% |
0.05% |
2020 |
(1.53%) |
(2.51%) |
0.67% |
2019 |
(5.90%) |
(6.84%) |
2.28% |
2018 |
0.83% |
(0.18%) |
1.87% |
2017 |
7.97% |
6.90% |
0.86% |
2016 |
11.02% |
9.92% |
0.33% |
2015 |
4.13% |
3.10% |
0.05% |
2014 |
5.82% |
4.77% |
0.04% |
|
Year
Ended December 31, |
Period
Ended
12/31/20203 |
Year
Ended January 31, | |||
|
2023 |
2022 |
20212 |
2020 |
2019 | |
Net
Asset Value, Beginning of Period |
$17.28 |
$17.75 |
$17.47 |
$17.94 |
$17.06 |
$19.54 |
Income
From Investment Operations: |
|
|
|
|
|
|
Net
investment income (loss)4 |
0.50 |
0.08 |
(0.07) |
(0.07) |
(0.05) |
0.105 |
Net
realized and unrealized gain (loss) |
0.28 |
1.48 |
4.04 |
(0.40) |
1.02 |
(1.24) |
Total
From Investment Operations |
0.78 |
1.56 |
3.97 |
(0.47) |
0.97 |
(1.14) |
Less
Distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(0.51) |
— |
— |
— |
(0.09) |
(0.07) |
Distributions
from net realized gain |
(0.50) |
(2.03) |
(3.69) |
— |
— |
(1.27) |
Total
Distributions |
(1.01) |
(2.03) |
(3.69) |
— |
(0.09) |
(1.34) |
Net
Asset Value, End of Period |
$17.05 |
$17.28 |
$17.75 |
$17.47 |
$17.94 |
$17.06 |
Total
Return6 |
4.71% |
9.24% |
23.16% |
(2.62)% |
5.69% |
(5.42)%5 |
Ratios
to Average Net Assets: |
|
|
|
|
|
|
Net
expenses7 |
2.14% |
1.85% |
1.26% |
1.61% |
1.50% |
1.35% |
Net
expenses excluding dividends and other expenses related to short
sales |
1.31% |
1.33% |
0.93% |
1.43% |
1.34% |
1.22% |
Net
investment income (loss) |
2.88% |
0.43% |
(0.36)% |
(0.47)% |
(0.28)% |
0.51%5 |
Expense
waiver/reimbursement8 |
0.07% |
0.15% |
0.13% |
—% |
—% |
—% |
Supplemental
Data: |
|
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$13,857 |
$10,276 |
$2,554 |
$2,765 |
$12,667 |
$14,875 |
Portfolio
turnover9 |
150% |
270% |
204% |
74% |
83% |
84% |
1 |
Hancock
Horizon Quantitative Long/Short Fund (the “Predecessor Fund”) was
reorganized into Federated Hermes MDT Market Neutral Fund (the “Fund”), a
portfolio
of the Federated Hermes Adviser Series as of the close of business on
September 24, 2021. The Fund is the successor to the Predecessor Fund. The
performance
information and financial information presented incorporates the
operations of the Predecessor Fund, which, as a result of the
reorganization, are
the
Fund’s operations. |
2 |
Beginning
with the year ended December 31, 2021, the Fund was audited by KPMG LLP.
The previous years were audited by other independent registered public
accounting
firms. |
3 |
For
the period February 1, 2020 to December 31, 2020. Effective July 31, 2020,
the Predecessor Fund changed its fiscal year end to December
31. |
4 |
Per
share numbers have been calculated using the average shares
method. |
5 |
For
the year ended January 31, 2019 amounts included reimbursement for
payments of prior years’ Shareholder Servicing fees as follows: Net
Investment Income
Per
Share of $0.00, Net Investment Income Ratio of 0.02%, and Total Returns of
0.02%. |
6 |
Based
on net asset value, which does not reflect the sales charge, redemption
fee or contingent deferred sales charge, if applicable. Total returns for
periods of
less
than one year are not annualized. |
7 |
Amount
does not reflect net expenses incurred by investment companies in which
the Fund may invest. |
8 |
This
expense decrease is reflected in both the net expense and the net
investment income (loss) ratios shown above. Amount does not reflect
expense waiver/
reimbursement
recorded by investment companies in which the Fund may
invest. |
9 |
Securities
that mature are considered sales for purposes of this
calculation. |
|
Year
Ended December 31, |
Period
Ended
12/31/20203 |
Year
Ended January 31, | |||
|
2023 |
2022 |
20212 |
2020 |
2019 | |
Net
Asset Value, Beginning of Period |
$17.76 |
$18.16 |
$17.84 |
$18.36 |
$17.48 |
$19.97 |
Income
From Investment Operations: |
|
|
|
|
|
|
Net
investment income (loss)4 |
0.55 |
0.10 |
(0.11) |
(0.04) |
0.11 |
0.12 |
Net
realized and unrealized gain (loss) |
0.30 |
1.55 |
4.12 |
(0.40) |
0.91 |
(1.24) |
Total
From Investment Operations |
0.85 |
1.65 |
4.01 |
(0.44) |
1.02 |
(1.12) |
Less
Distributions: |
|
|
|
|
|
|
Distributions
from net investment income |
(0.55) |
(0.02) |
— |
(0.08) |
(0.14) |
(0.10) |
Distributions
from net realized gain |
(0.50) |
(2.03) |
(3.69) |
— |
— |
(1.27) |
Total
Distributions |
(1.05) |
(2.05) |
(3.69) |
(0.08) |
(0.14) |
(1.37) |
Net
Asset Value, End of Period |
$17.56 |
$17.76 |
$18.16 |
$17.84 |
$18.36 |
$17.48 |
Total
Return5 |
4.96% |
9.52% |
22.90% |
(2.37)% |
5.83% |
(5.21)% |
Ratios
to Average Net Assets: |
|
|
|
|
|
|
Net
expenses6 |
1.93% |
1.60% |
1.44% |
1.37% |
1.25% |
1.20% |
Net
expenses excluding dividends and other expenses related to short
sales |
1.08% |
1.08% |
1.12% |
1.19% |
1.08% |
1.07% |
Net
investment income (loss) |
3.10% |
0.55% |
(0.55)% |
(0.29)% |
0.63% |
0.64% |
Expense
waiver/reimbursement7 |
0.07% |
0.16% |
0.14% |
—% |
—% |
—% |
Supplemental
Data: |
|
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$318,862 |
$232,152 |
$85,310 |
$79,415 |
$120,650 |
$114,494 |
Portfolio
turnover8 |
150% |
270% |
204% |
74% |
83% |
84% |
1 |
The
Predecessor Fund was reorganized into the Fund, a portfolio of the
Federated Hermes Adviser Series as of the close of business on September
24, 2021. The
Fund
is the successor to the Predecessor Fund. The performance information and
financial information presented incorporates the operations of the
Predecessor
Fund,
which, as a result of the reorganization, are the Fund’s
operations. |
2 |
Beginning
with the year ended December 31, 2021, the Fund was audited by KPMG LLP.
The previous years were audited by other independent registered public
accounting
firms. |
3 |
For
the period February 1, 2020 to December 31, 2020. Effective July 31, 2020,
the Predecessor Fund changed its fiscal year end to December
31. |
4 |
Per
share numbers have been calculated using the average shares
method. |
5 |
Based
on net asset value, which does not reflect the sales charge, redemption
fee or contingent deferred sales charge, if applicable. Total returns for
periods of
less
than one year are not annualized. |
6 |
Amount
does not reflect net expenses incurred by investment companies in which
the Fund may invest. |
7 |
This
expense decrease is reflected in both the net expense and the net
investment income (loss) ratios shown above. Amount does not reflect
expense waiver/
reimbursement
recorded by investment companies in which the Fund may
invest. |
8 |
Securities
that mature are considered sales for purposes of this
calculation. |
FEDERATED
HERMES MDT MARKET NEUTRAL FUND - A CLASS | |||||
ANNUAL
EXPENSE RATIO: 2.26% | |||||
MAXIMUM
FRONT-END SALES CHARGE: 5.50% | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$472.50 |
$9,922.50 |
$766.50 |
$9,708.93 |
2 |
$9,708.93 |
$485.45 |
$10,194.38 |
$222.43 |
$9,974.95 |
3 |
$9,974.95 |
$498.75 |
$10,473.70 |
$228.52 |
$10,248.26 |
4 |
$10,248.26 |
$512.41 |
$10,760.67 |
$234.78 |
$10,529.06 |
5 |
$10,529.06 |
$526.45 |
$11,055.51 |
$241.22 |
$10,817.56 |
6 |
$10,817.56 |
$540.88 |
$11,358.44 |
$247.83 |
$11,113.96 |
7 |
$11,113.96 |
$555.70 |
$11,669.66 |
$254.62 |
$11,418.48 |
8 |
$11,418.48 |
$570.92 |
$11,989.40 |
$261.59 |
$11,731.35 |
9 |
$11,731.35 |
$586.57 |
$12,317.92 |
$268.76 |
$12,052.79 |
10 |
$12,052.79 |
$602.64 |
$12,655.43 |
$276.12 |
$12,383.04 |
Cumulative |
|
$5,352.27 |
|
$3,002.37 |
|
FEDERATED
HERMES MDT MARKET NEUTRAL FUND - IS CLASS | |||||
ANNUAL
EXPENSE RATIO: 2.02% | |||||
MAXIMUM
FRONT-END SALES CHARGE: NONE | |||||
Year |
Hypothetical
Beginning
Investment |
Hypothetical
Performance
Earnings |
Investment
After
Returns |
Hypothetical
Expenses |
Hypothetical
Ending
Investment |
1 |
$10,000.00 |
$500.00 |
$10,500.00 |
$205.01 |
$10,298.00 |
2 |
$10,298.00 |
$514.90 |
$10,812.90 |
$211.12 |
$10,604.88 |
3 |
$10,604.88 |
$530.24 |
$11,135.12 |
$217.41 |
$10,920.91 |
4 |
$10,920.91 |
$546.05 |
$11,466.96 |
$223.89 |
$11,246.35 |
5 |
$11,246.35 |
$562.32 |
$11,808.67 |
$230.56 |
$11,581.49 |
6 |
$11,581.49 |
$579.07 |
$12,160.56 |
$237.43 |
$11,926.62 |
7 |
$11,926.62 |
$596.33 |
$12,522.95 |
$244.51 |
$12,282.03 |
8 |
$12,282.03 |
$614.10 |
$12,896.13 |
$251.79 |
$12,648.03 |
9 |
$12,648.03 |
$632.40 |
$13,280.43 |
$259.30 |
$13,024.94 |
10 |
$13,024.94 |
$651.25 |
$13,676.19 |
$267.02 |
$13,413.08 |
Cumulative |
|
$5,726.66 |
|
$2,348.04 |
|