Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Federated Hermes Managed Volatility II P Release date as of 2024-09-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Style Box Details for Stock Holdings Size Average Mkt Cap $Mil 151,953     Market Capitalization % of Portfolio Giant 32.94 Large 35.95 Medium 23.74 Small 5.89 Micro 1.48     Investment Valuation Stock Portfolio Forward P/E 18.7 Price/Book 3.0 Price/Sales 1.9 Price/Cash Flow 12.0 Dividend Yield 1.8 Long-Term Earnings 10.6 Historical Earnings 3.7 Sales Growth 7.7 Cash-Flow Growth 7.9 Book-Value Growth 3.4 As of 2024-06-30 Data as of 2024-06-30

Style Box Details for Bond Holdings Average Eff Duration 5.80 Yrs Average Eff Maturity 8.30 Yrs Average Wtd Coupon 3.70 Average Wtd Price 95.84 As of 2024-06-30 Data as of 2024-06-30

Asset Allocation % of Net Assets U.S. Stocks 58.5 Non-U.S. Stocks 0.5 Bonds 37.1 Cash 2.4 Other 1.6 Data through 2024-06-30

Morningstar Equity Sectors % of Stocks Cyclical 29.82 Basic Materials 2.86 Consumer Cyclical 8.09 Financial Services 15.81 Real Estate 3.06 Sensitive 47.07 Communication Services 7.54 Energy 5.44 Industrials 10.15 Technology 23.94 Defensive 23.10 Consumer Defensive 6.72 Healthcare 13.10 Utilities 3.28 Data through 2024-06-30

Morningstar Fixed-Income Sectors % Fund Government 45.12 Corporate 25.57 Securitized 23.19 Municipal 0.00 Cash & Equivalents 6.09 Derivative 0.04 Data through 2024-06-30

Credit Analysis % Bonds AAA 4.60 AA 57.60 A 9.10 BBB 17.80 BB 2.70 B 2.30 Below B 1.10 Not Rated 4.80 Data through 2024-06-30

Top 25 Holdings Total Number of Stock Holdings 301 Total Number of Bond Holdings 366 % of Net Assets in Top 10 Holdings 58.75 Turnover % (as of 2023-12-31) 47.00 30 Day SEC Yield % 2.55 Top 25 Holdings Sector Country Maturity Date Market Value ($000) % of Net Assets Future on E-mini S&P 500 Futures --- USA 2024-09-20 104,909 34.46 Federated Mortgage Core Portfolio --- USA --- 29,010 9.53 Us 5yr Note (Cbt) Sep24 Xcbt 20240930 --- --- 2024-09-30 12,256 4.03 2 Year Treasury Note Future Sept 24 --- USA 2024-09-30 9,190 3.02 United States Treasury Notes 2.75% --- USA 2027-07-31 5,412 1.78 Federated Project and Trade Fin Cor --- USA --- 4,883 1.60 Us Ultra Bond Cbt Sep24 Xcbt 20240919 --- --- 2024-09-19 -3,635 1.19 United States Treasury Notes 2.625% --- USA 2027-05-31 3,603 1.18 Federated Emerging Markets Core --- USA --- 3,042 1.00 Federated Hermes High Income Bond II P --- USA --- 2,924 0.96 Berkshire Hathaway Inc Class B USA --- 2,218 0.73 United States Treasury Bonds 2.875% --- USA 2052-05-15 2,162 0.71 10 Year Treasury Note Future Sept 24 --- USA 2024-09-19 2,090 0.69 JPMorgan Chase & Co USA --- 2,030 0.67 United States Treasury Notes 5% --- USA 2025-09-30 1,799 0.59 Exxon Mobil Corp USA --- 1,656 0.54 United States Treasury Notes 4.375% --- USA 2030-11-30 1,601 0.53 United States Treasury Notes 4% --- USA 2029-01-31 1,476 0.48 Walmart Inc USA --- 1,298 0.43 Johnson & Johnson USA --- 1,294 0.43 Wells Fargo & Co USA --- 1,112 0.37 Procter & Gamble Co USA --- 1,015 0.33 Raspberry Pi Holdings Plc Common Stock Gbp.0025 --- --- --- 1,013 0.33 Linde PLC USA --- 995 0.33 Bank of America Corp USA --- 951 0.31 Data through 2024-06-30

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