Federated Hermes, Inc. and Horizon Advisers complete transition of approximately $ 562 million in assets from equity and fixed income funds to Federated Hermes funds

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PITTSBURGH, September 28, 2021 / PRNewswire / – Federated Hermes, Inc. (NYSE: FHI), a global leader in active and responsible investing, today announced the completion of the acquisition announced in April 2021 of certain investment management assets of Horizon Advisers, an unincorporated division of Hancock Whitney Bank, and the transition from approximately $ 562 million1 in equities and fixed income funds. The transition was accomplished by completing the reorganizations of the nine remaining Hancock Horizon mutual funds – seven equity funds and two municipal bond funds – into a new Federated Hermes mutual fund and six existing Federated Hermes mutual funds. with comparable investment objectives and strategies (see below for a list of funds).

“The success of this transaction is the result of Federated Hermes’ experience with similar transactions, our customer-centric approach and our long-term relationship with Hancock Whitney Bank,” said Joe machi, director of alliances at Federated Hermes. “The transaction gives the shareholders of the funds access to our diverse range of investment strategies, our proven performance and our extensive customer service capabilities. We continue to seek alliance and acquisition opportunities with insurers, banks, brokers and investment advisers in the United States and around the world. . “

The transition affected the following fund assets:

Hancock Horizon Fund

Net assets

(in millions) *

Hermès federated funds

Net assets

(in millions) *

Hancock Horizon Burkenroad
Small cap funds

$ 124

Federated Hermes MDT Small
Cap Core Fund

$ 1,127

Hancock Horizon Diversified
Income Fund

$ 34

Hermès federated capital
Income Fund

$ 1,002

Hancock Horizon Diversified
International fund

$ 244

Hermès International Federation
Officers Fund

$ 1,125

Dynamic active Hancock Horizon
Allocation Fund

$ 20

Hermes Global Federation
Allocation Fund

$ 411

Hancock Horizon International
Small cap funds

$ 27

Hermès International Federation
Small and Medium-Sized Business Fund

$ 198

Hancock Horizon Louisiana Tax-
Free Income Fund

$ 6

Hermès Municipal federated
Bond Fund, Inc.

$ 321

Hancock Horizon Microcap Fund

$ 15

Federated Hermes MDT Small
Cap Core Fund

$ 1,127

Hancock Horizon Mississippi- tax
Free Income Fund

11 $

Hermès Municipal federated
Bond Fund, Inc.

$ 321

Hancock Horizon Quantitative
Long / Short Fund

$ 81

Hermes federated market MDT
Neutral fund **

$ 81

* As of September 24, 2021

** The Federated Hermes MDT Market Neutral fund is offered on September 27, 2021 with the completion of the
reorganization. The Federated Hermes MDT team managed the market neutral strategy in a private fund
context for over 20 years.

Hermès Federated, Inc. is one of the world’s leading investment managers with $ 645.8 billion in assets under management at June 30, 2021. Guided by our conviction that responsible investing is the best way to create long-term wealth, our investment solutions cover equity, bond, alternative / private markets, multi-asset and liquidity management strategies. Providing world-class active investment and engagement management services to over 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and brokers / traders. Based at Pittsburgh, nearly 2,000 Federated Hermes employees are London, new York, Boston and offices around the world. For more information visit FederatedHermes.com.

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1From September 24, 2021

Certain statements contained in this press release, such as those relating to the performance and efforts of Federated Hermes to seek alliance and acquisition opportunities, constitute forward-looking statements, which involve known and unknown risks, uncertainties and ” other factors that may cause actual results, levels of business activity, performance or achievements of the company or results of the industry to be materially different from any future result, level of activity, performance or achievement expressed or under – understood by these forward-looking statements. Other risks and uncertainties include the ability of Federated Hermes to achieve positive performance and to identify and complete appropriate acquisitions, as well as the risk factors discussed in the company’s annual and quarterly reports filed with the Securities and Exchange Commission. . Accordingly, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements. ‘to come up.

Federated Securities Corp. is the distributor of the Federated Hermes funds.

Investors should carefully consider the investment objectives, risks, fees and expenses of each fund before investing. To obtain a simplified prospectus or a prospectus containing this and other information, contact Federated Hermes or see the prospectus provided at FederatedInvestors.com. Please read the summary prospectus or the prospectus carefully before investing.
Past performance is no guarantee of future results.

Cision

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SOURCE Federated Hermes, Inc.


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