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Form N-PX · fund registrantSEC filer no. 1707560

Federated Hermes Adviser Series

fund voting report, part of Federated Hermes

Vote records reported
8,661year to 30 June 2026
Against management
7.6%652 of 8,552 marked votes
Say-on-pay support
92.8%for, of for + against + abstain
Shareholder-proposal support
45.6%for, of for + against + abstain
90.8% for6.8% against2.4% other7.6% against management8,661 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

Federated Hermes Adviser Series reported 8,661 vote records for the year to 30 June 2026. It marked 7.6% of its votes as cast against management (652 of 8,552), 1.4 percentage points above the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 6.4%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 92.8% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 45.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (32.6% of 89), OTHER SOCIAL ISSUES (30.0% of 60) and COMPENSATION (10.0% of 627).

It reported 1.6 million shares out on loan at record dates, 0.20% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share7.6%6.2%10.6%
Say-on-pay support rate92.8%91.6%86.0%
Shareholder-proposal support rate45.6%27.5%33.9%
Shares on loan, share of shares held0.20%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS4,7644,3812707.5%
SECTION 14A SAY-ON-PAY VOTES456401317.0%
AUDIT-RELATED67166520.3%
SHAREHOLDER RIGHTS AND DEFENSES92672332.6%
EXTRAORDINARY TRANSACTIONS282627.1%
CAPITAL STRUCTURE725655649.6%
COMPENSATION6365616510.0%
CORPORATE GOVERNANCE1,1821,100487.1%
ENVIRONMENT OR CLIMATE358272.9%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE274233.7%
DIVERSITY, EQUITY, AND INCLUSION105520.0%
OTHER SOCIAL ISSUES62292530.0%
OTHER901not reported

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20249,3809.2%83.0%36.2%
year to 30 June 20258,3167.2%90.5%35.5%
year to 30 June 20268,6617.6%92.8%45.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Federated Hermes Adviser Series voted against management on 27 of the 319 it marked either way (8.5%) in the year to 30 June 2026.

Shareholder proposals it supported

Of 158 proposals from security holders that could be told apart in the filings and on which it cast a vote, Federated Hermes Adviser Series voted for 68 (43.0%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Amazon.com, Inc.20 May 2026Shareholder proposal requesting a mandatory independent board chair policy
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding a report on AI data usage oversight
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Require Independent Board Chair
JPMorgan Chase & Co.19 May 2026Independent board chairman
Johnson & Johnson23 Apr 2026Independent Board Chair
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Berkshire Hathaway Inc.2 May 2026Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework...
UnitedHealth Group Incorporated1 Jun 2026If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the...
PEPSICO, INC.6 May 2026Shareholder Proposal - Independent Board Chair.
McDonald's Corporation20 May 2026Advisory Vote to Adopt Policy for an Independent Chair.
Verizon Communications Inc.21 May 2026Independent board chair
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
Amgen Inc.19 May 2026Stockholder proposal to require an independent board chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Lobbying Disclosure
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
Gilead Sciences, Inc.30 Apr 2026To vote on a stockholder proposal requesting an independent Board Chair policy
PALANTIR TECHNOLOGIES INC.3 Jun 2026Stockholder proposal entitled "Political Spending Disclosure,"
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
Booking Holdings Inc.2 Jun 2026Non-binding stockholder vote on a proposal to avoid brand damage due to corporate political spending.
EXXON MOBIL CORPORATION27 May 2026Require Independent Board Chair
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026Shareholder proposal: OTHER SOCIAL ISSUES
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding dual class capital structure.
THE SOUTHERN COMPANY13 May 2026Stockholder proposal regarding independent board chairman
Kimberly-Clark Corporation14 May 2026Stockholder Proposal to Require Independent Board Chair
The Travelers Companies, Inc.20 May 2026Require Independent Board Chair
O'Reilly Automotive, Inc.14 May 2026Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending."
Northrop Grumman Corporation20 May 2026Shareholder proposal to provide for an independent Board chair.
Otis Worldwide Corporation27 May 2026Shareholder proposal regarding reporting on political contributions and expenditures
General Motors Company2 Jun 2026Shareholder Proposal Regarding Separation of Chair and CEO Roles
Snowflake Inc.29 Jun 2026To consider and vote on, if properly presented at the meeting, a non-binding stockholder proposal...
Yum! Brands, Inc.14 May 2026Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.
Prudential Financial, Inc.12 May 2026Shareholder proposal regarding an Independent Board Chairman.

Shares on loan

Federated Hermes Adviser Series reported 1.6 million shares on loan at record dates against 812.7 million shares voted: 0.20% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

8 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Federated Hermes MDT Market Neutral Fund2,4188.9%90.4%47.3%
Federated Hermes MDT Large Cap Value Fund1,6625.5%96.8%42.1%
Federated Hermes International Equity Fund1,5645.6%not reported0.0%
Federated Hermes International Growth Fund1,0408.8%100.0%not reported
Federated Hermes SDG Engagement Equity Fund7163.6%100.0%66.7%
Federated Hermes Emerging Markets Equity Fund70114.9%not reported40.0%
Federated Hermes U.S. SMID Fund5458.6%87.0%90.0%
Federated Hermes Conservative Municipal Microshort Fund150.0%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did Federated Hermes Adviser Series vote on executive pay?

In the year to 30 June 2026 Federated Hermes Adviser Series reported 432 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 401 were for (92.8%), 31 against and 0 abstentions. Counting one item per company meeting, it voted against management on 27 of the 319 say-on-pay items it marked either way.

How often does Federated Hermes Adviser Series vote against management?

7.6% of the time in the year to 30 June 2026: 652 of the 8,552 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did Federated Hermes Adviser Series support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 28 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (3.6%). Across every category it voted for 45.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by Federated Hermes Adviser Series (filer no. 1707560), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.