Strategy. The Fund is a non-diversified portfolio of Federated Hermes Managed Pool Series. The Fund pursues its investment objective by investing primarily in equity securities of companies based in countries outside the United States, consisting principally of high dividend-paying stocks with dividend growth potential. The Fund is designed to purchase securities required for the high dividend-paying international stock investment strategies (International Dividend Strategies) that cannot be efficiently held individually in Eligible Accounts (see How to Invest in the Fund), but can be effectively held in a pooled vehicle, such as a mutual fund. The Funds investment adviser (the Adviser) believes a strategic emphasis on high dividend-paying stocks with the potential for future dividend growth can enhance performance over time. The Adviser … Show more… The Fund is a non-diversified portfolio of Federated Hermes Managed Pool Series. The Fund pursues its investment objective by investing primarily in equity securities of companies based in countries outside the United States, consisting principally of high dividend-paying stocks with dividend growth potential. The Fund is designed to purchase securities required for the high dividend-paying international stock investment strategies (International Dividend Strategies) that cannot be efficiently held individually in Eligible Accounts (see How to Invest in the Fund), but can be effectively held in a pooled vehicle, such as a mutual fund. The Funds investment adviser (the Adviser) believes a strategic emphasis on high dividend-paying stocks with the potential for future dividend growth can enhance performance over time. The Adviser defines high dividend-paying stocks as those with a higher dividend yield than the MSCI World ex USA Indexs average dividend yield. The Adviser believes that this is achievable while targeting long-term dividend growth and lower volatility than the index, as measured by standard deviation. As a fundamental policy, the Fund will concentrate its investments by investing more than 25% of the value of its total assets, in the aggregate, in one or more of the following groups of industries: banks; telecommunication services; insurance; utilities; and energy. The Funds security selection process involves prioritizing stocks based on attractive combinations of dividend yield and dividend growth potential over time following review of appropriate fundamental criteria, including, but not limited to, balance sheet strength, earnings growth, and cash flow durability. Those companies that rank as highly attractive in the prioritization process are closely scrutinized for inclusion in the portfolio using bottom-up fundamental proprietary research. The Fund may use derivative contracts, in particular forward contracts, to manage or hedge the Funds currency exposure. There can be no assurance that the Funds use of derivative contracts will work as intended. Derivative investments made by the Fund are included within the Funds 80% policy (as described below) and are calculated at market value. The Fund generally invests in large-cap or mid-cap stocks (which are generally defined as of the date of this prospectus as stocks of companies with market capitalization above $7 billion and $2 billion, respectively) and may also hold depositary receipts and real estate investment trusts. The Adviser anticipates that normally the Fund will invest in companies based in developed countries, although to a lesser extent, the Fund may also invest in foreign companies based in emerging markets. The Fund will normally invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in dividend-paying securities. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy. Show less