Federated Hermes Project & Trade Finance Tender Fund

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

Waiver / support: IS SS Shareholder Transaction Expenses Sales Load paid by you ( as a percentage of offering price ) None None Annual Expenses ( percentage of net assets attributable to Shares ) Management Fee 0.50 % 0.50 % Other Expenses 1 0.11 % 0.35 % Shareholder Servicing Fee None 0.25 % Remaining Other Expenses 0.11 % 0.10 % Total Annual Fund Operating Expenses 0.61 % 0.85 % Fee Waiver and/or Expense Reimbursements 2 ( 0.20 )% ( 0.19 )% Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements 0.41 % 0.66 % 1 “Other Expenses” include the Fund’s operating expenses, including professional fees, transfer agency fees, administration fees, custody fees, offering costs and other operating expenses and are estimated for the current fiscal year. 2 The Adviser and certain of its affiliates on their own initiative have agreed to waive certain amounts of their respective fees and/or reimburse expenses. Total annual fund operating expenses (excluding acquired fund fees and expenses , interest expense, extraordinary expenses, proxy-related expenses, premiums for risk insurance policies on portfolio securities and certain legal fees related to specific investments, if any) paid by the Fund’s IS and SS classes (after the waivers and/or reimbursements) will not exceed 0.40% and 0.65% (the “Fee Limit”), respectively, up to but not including the later of (the “Termination Date”): (a) June 1, 2027 ; or (b) the date of the Fund’s next effective Prospectus. While the Adviser and its affiliates currently do not anticipate terminating or increasing these arrangements prior to the Termination Date, these arrangements may only be terminated or the Fee Limit increased prior to the Termination Date with the approval of the Fund’s Board..