Clover Small Value Fund

ticker V S F S X Mutual Funds . Small Cap .


August 31 2021
$198.2 M
YTD Return NAV
September 16 2021

Seeks capital appreciation by investing primarily in common stocks and other equity securities of U.S. companies with small market capitalizations.

Key Facts - Part 1
Symbol ticker V S F S X
Benchmark Russell 2000® Value Index
Key Facts - Part 2
Fund Number(s)
CUSIP 3 1 4 2 1 N 8 0 8
Performance Incp. Date February 28 1996
Small Value
Small Value
Inflation Options
Stephen Gutch, CFA
Senior Vice President
Senior Portfolio Manager

joined Federated Hermes
26 years of experience




For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.




1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated Hermes' website.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at within 60 days of the end of the fiscal quarter upon filing.

section sign disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance


dagger disclosure The fund's expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund's Advisor and its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 07/01/2022 or the date of the fund's next effective prospectus.

Small company stocks may be less liquid and subject to greater price volatility than large capitalization stocks.

Total returns for periods of less than one year are cumulative.

The fund's R6 Shares commenced operations on March 29, 2016. For the period prior to the commencement of operations for the R6 Shares, the performance information shown is for the A shares adjusted to reflect the expenses of the R6 class for each year for which the expenses of the R6 would have exceeded the actual expenses paid by the fund’s A shares. The performance information has also been adjusted to reflect the absence of sales charges applicable to the A Shares.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

The performance information provided for the periods prior to August 28, 2009 is historical information of the Touchstone Diversified Small Cap Value Fund (the "Touchstone Small Fund"). The fund is the successor to the Touchstone Small Fund pursuant to a reorganization that took place on August 28, 2009.

Value stocks may lag growth stocks in performance at times, particularly in late stages of a market advance.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Diversification does not assure a profit nor protect against loss.

Product classifications noted at the top are Federated Hermes' internal classifications.

Mutual funds are subject to risks and fluctuate in value.

Small company stocks may be less liquid and subject to greater price volatility than large capitalization stocks.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Current and future portfolio holdings are subject to risk.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee