Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Federated Hermes High Income Bond II P Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2024-04-30   Maximum Fees Administrative 0.10% Management 0.60% 12b-1 --- Actual Fees 12b-1 --- Management 0.60% Expense Ratio 0.81% (taken from annual report dated 2024-06-30) Total Annual Operating Expense 0.88%

Waiver Data Type Date % ExpenseRatio Voluntary 2025-05-01 0.07

Management Inception Date: 1994-03-01

Mngr Name Mark E. Durbiano Mngr Start Date 1994-03-01 Biography Mark E. Durbiano, CFA, Senior Portfolio Manager, Head of the Domestic High Yield Group is responsible for portfolio management and research in the fixed income area, concentrating in the domestic high yield sector. Mr. Durbiano joined Federated in 1982 and has been Senior Portfolio Manager and Senior Vice President since 1996. He received a B.A. from Dickinson College and an M.B.A. from University of Pittsburgh. Mr. Durbiano has 38 years of investment experience. Mngr Name Kathryn Glass Mngr Start Date 2023-09-06 Biography Kathryn Glass, CFA, Vice President, Portfolio Manager, Senior Investment Analyst. Responsible for portfolio management and research in the fixed income area concentrating in the domestic high yield sector. Previous association: Summer Associate, Goldman Sachs; Analyst, Federated Hermes. B.A., University of Pittsburgh; M.A., Cornell University; M.S.I.A., Carnegie Mellon University. Professional Affiliations: Member, CFA Society of Pittsburgh. Joined Federated Hermes 1999. Mngr Name Randal Stuckwish Mngr Start Date 2023-09-06 Biography Randal Stuckwish, CFA, Vice President, Senior Investment Analyst, Portfolio Manager. Responsible for portfolio management and research in the fixed income area concentrating in the domestic high yield sector. Previous associations: Finance Rotational Intern, Ashland, Inc.; Chief Executive Officer, Chief Portfolio Manager, Robert J. McCann Family Student Investment Fund. B.S., Bethany College; M.B.A., Tepper School of Business, Carnegie Mellon University. Investment Advisor(s) Federated Investment Management Company Web Site FederatedInvestors.com Issuer Federated Subadvisor(s) ---

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