Federated Hermes MDT Large Cap Value Fund

This fund primarily invests in the equity of sizable American corporations deemed undervalued relative to market peers. Its investment manager employs a large-cap value methodology, predominantly selecting holdings from companies featured in the Russell 1000® Value Index. Shareholders will receive at least 60 days' advance notice from the adviser if any policy changes would allow the fund to regularly allocate less than 80% of its net assets (including any borrowed capital for investment purposes) to large-capitalization holdings.