-Federated Hermes International Leaders ETF(CBOE:FHIL)

FHIL seeks long-term capital growth by investing mainly in equity securities of non-US developed market companies whose share price does not reflect their intrinsic value. The fund employs a fundamentally driven, bottom-up stock selection approach to identify undervalued companies. The fund utilizes internally generated research from industry analysts to screen companies from the investable universe, with idea generation sourced from company management meetings, competitors, vendors, and customers. Key investment criteria include attractive valuation, contrarian bias, management quality, industry leadership, long-term growth prospects, and catalysts for higher market valuation. The adviser seeks relative value opportunities across markets and sectors. The actively managed ETF is not restricted by economic development or domicile and reserves the flexibility to invest in companies from the US and emerging market countries. It may invest in ETFs, derivatives, and hybrid instruments.