Certain of the Federated Hermes Private Funds (each, a “Fund” and collectively, the “Funds”) are registered under the Investment Company Act of 1940, as amended (the “1940 Act”), for example portfolios of the Federated Hermes Core Trust and Federated Hermes Core Trust III, but are not available for sale to the public or other eligible investors. Although the Project and Trade Finance Core Fund, a portfolio of Federated Hermes Core Trust III, is registered under the 1940 Act, it is not a mutual fund, and operates as an “extended redemption” fund. Additionally, interests in the Funds (“Interests”) have not and will not be registered for public offer or sale under the Securities Act of 1933, as amended (the “Securities Act”), or with any state regulator. Interests are being offered and sold exclusively to U.S. persons that are “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act (“Regulation D”), which may include (i) “qualified purchasers,” as defined in Section 2(a)(51) of the 1940 Act, and the rules thereunder; or (ii) “knowledgeable employees” as defined in Rule 3c-5(a)(4) under the 1940 Act. The information provided on the website is not intended for any person or entity in any U.S. state or country where such use would be contrary to law or regulation.
Certain Funds may utilize leverage and may also invest in future and forward contracts, options, swaps and over-the-counter derivative instruments, among others. Additionally, certain Funds will invest in debt securities, which are sensitive to changes in interest rates. A rise in interest rates can cause a decline in debt security prices. Although Federated Investment Management Company (the "Adviser") will attempt to limit Fund transactions to counterparties which are established, well-capitalized and creditworthy, certain Funds will be subject to the risk of the inability of counterparties to perform with respect to transactions, whether due to insolvency, bankruptcy or other causes, which could subject the Funds to substantial losses. Because of the nature of the trading activities, the results of each Fund’s operations may be volatile from month to month and from period to period. An investor could lose all or a substantial portion of his/her/its investment. Each Fund’s manager or advisor has total trading authority over the Fund and may be subject to various conflicts of interest. The Interests are subject to restrictions on transferability, withdrawal, and resale as described in each Fund’s Limited Partnership Agreement, Private Placement Memorandum or Private Offering Memorandum (the “Fund Documents”).
The above summary is not a complete list of the risks, tax considerations and other important disclosures involved in investing in the Funds and is subject to the more complete disclosures in the Fund Documents, which must be reviewed carefully prior to making an investment.
The information contained herein may contain projections or other forward-looking statements regarding future events, targets or expectations regarding the Funds or the strategies described herein, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different from that shown here. The information on this web page, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.
General discussions contained herein regarding the market or market conditions represent the view of either the source cited or Federated Hermes. Nothing contained herein is intended to predict the performance of any investment. There can be no assurance that actual outcomes will match the assumptions or that actual returns will match any expected returns. The information contained herein is as of the date corresponding to the related materials, unless otherwise indicated, is subject to change, and Federated Hermes assumes no obligation to update the information herein.
The performance shown is for the stated time period only. Performance is based upon the sum of each shareholder account balance as well as commissions, and actual operating expenses of the funds during the periods presented. Fees and expenses associated with the funds may be higher or lower than those reflected. The returns presented assume the reinvestment of dividends and other earnings. Differences in the timing of transactions and market conditions prevailing at the time of investment may lead to different results. Differences in methodology used to calculate performance may also lead to different performance results than those shown. Past performance is no guarantee of future results.
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.
Before investing in a Fund, investors should carefully consider the Fund's investment objectives, risks, charges and expenses. To obtain a Private Offering Memorandum containing this and other information, contact us or view the Private Offering Memorandum provided on this website under Documents. Please carefully read the Private Offering Memorandum before investing.
Product classifications noted at the top are Federated Hermes' internal classifications.
For additional information, including definitions of related terms and indexes, see the Financial Glossary and Benchmark Index Glossary.
Federated Investment Management Company
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