Federated Hermes MDT Series

03/23/2026 | Press release | Distributed by Public on 03/23/2026 07:13

Prospectus by Investment Company (Form 497)

Important Notice Regarding Change in
Investment Policy
Federated Hermes MDT Small Cap Growth Fund
A Portfolio of Federated Hermes MDT Series
CLASS A SHARES (TICKER QASGX)
CLASS C SHARES (TICKER QCSGX)
INSTITUTIONAL SHARES (TICKER QISGX)
CLASS R6 SHARES (TICKER QLSGX)
SUPPLEMENT TO CURRENT SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
The Board of Trustees of Federated Hermes MDT Series has approved a change in non-fundamental investment policy for the Federated Hermes MDT Small Cap Growth Fund (the "Fund") in connection with amendments adopted by the Securities and Exchange Commission (the "SEC") to Rule 35d-1 (the "Rule") under the Investment Company Act of 1940, as amended. The change in policy will become effective concurrent with the effective date of the Fund's next registration statement which is anticipated to be September 28, 2026 unless the SEC postpones, delays, reconsiders or repeals the amendments to the Rule in which case shareholders will be further notified (the "Effective Date"). The change in policy is not expected to result in any changes to the investment process used in managing the Fund and is being made to comply with the requirements of the amendments to the Rule.
On the Effective Date, please make the following changes:
1. Under "Fund Summary Information" in the section "What are the Fund's Main Investment Strategies?" and in the Prospectus section "What are the Fund's Investment Strategies?," please delete the following disclosure in its entirety:
"The Fund will invest its assets so that at least 80% of its net assets (plus any borrowing for investment purposes) are invested in investments in small companies. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy. For purposes of this policy the Fund considers a small company to be a company of a size similar to companies listed on the Russell 2000®Growth Index."
and replace it with:
"Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small-cap growth investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy. For purposes of this policy, small-cap investments will be defined as companies with market capitalizations within the range of companies in the Russell 2000®Index, and growth investments will be defined as companies with growth characteristics that meet the applicable parameters for inclusion in the Russell 3000®Growth Index."
2. Under the Statement of Additional Information section "Investment Objective and Investment Limitations" under "Non-Fundamental Names Rule Policy," please delete the following disclosure in its entirety:
"The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small companies. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy. For purposes of this policy the Fund considers a small company to be a company of a size similar to companies listed on the Russell 2000®Growth Index."
and replace it with:
"Under normal circumstances, the Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in small-cap growth investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy. For purposes of this policy, small-cap investments will be defined as companies with market capitalizations within the range of companies in the Russell 2000®Index, and growth investments will be defined as companies with growth characteristics that meet the applicable parameters for inclusion in the Russell 3000®Growth Index."March 23, 2026
 
Federated Hermes MDT Small Cap Growth Fund
Federated Hermes Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedHermes.com/us
or call 1-800-341-7400.
Federated Securities Corp., Distributor
Q457191 (3/26)
© 2026 Federated Hermes, Inc.
Federated Hermes MDT Series published this content on March 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 23, 2026 at 13:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]