Strategy. The Fund seeks to achieve its objective by investing primarily in the common stock of large-sized U.S. companies. The investment advisers investment strategy utilizes a large-capitalization (large-cap) growth approach by selecting most of its investments from companies listed in the Russell 1000 Growth Index, an index that measures the performance of those companies with higher price-to-book ratios and higher forecasted growth values within the large-cap segment of the U.S. equity universe, which includes the 1,000 largest U.S. companies by market capitalization. As the Funds sector exposure approximates the Russell 1000 Growth Index, the Fund may, from time to time, have large allocations to certain broad market sectors, such as information technology, consumer discretionary and communication services. The Fund considers large-cap … Show more… The Fund seeks to achieve its objective by investing primarily in the common stock of large-sized U.S. companies. The investment advisers investment strategy utilizes a large-capitalization (large-cap) growth approach by selecting most of its investments from companies listed in the Russell 1000 Growth Index, an index that measures the performance of those companies with higher price-to-book ratios and higher forecasted growth values within the large-cap segment of the U.S. equity universe, which includes the 1,000 largest U.S. companies by market capitalization. As the Funds sector exposure approximates the Russell 1000 Growth Index, the Fund may, from time to time, have large allocations to certain broad market sectors, such as information technology, consumer discretionary and communication services. The Fund considers large-cap companies to be those within the range of companies listed in the Russell 1000 Growth Index. As of February 28, 2025, companies in the Russell 1000 Growth Index ranged in market capitalization from $0.9 billion to $3.6 trillion. As more fully described in this Prospectus, the Funds investments primarily include the following: equity securities of domestic issuers and real estate investment trusts (REITs). Although the Funds investments are primarily selected from companies listed in the Russell 1000 Growth Index in relation to their index weightings, the Fund is not designed to track the overall composition or returns of the Russell 1000 Growth Index and the Adviser actively manages the Funds investment strategy using the Funds quantitative model. The Adviser implements its strategy using a quantitative model driven by fundamental and technical stock selection variables. This process seeks to impose strict discipline over stock selection, unimpeded by market or manager psychology. It seeks to maximize compound annual return while controlling risk. The process also takes into account trading costs in an effort to ensure that trades are generated only to the extent they are expected to be profitable on an after-trading-cost basis. The Fund is a non-diversified portfolio of the Federated Hermes ETF Trust (the Trust). As a non-diversified fund under the Investment Company Act of 1940, as amended (the 1940 Act), the Fund is not subject to certain diversification limitations under the 1940 Act, and is permitted to hold a greater percentage of its assets in securities of a smaller number of issuers than a diversified fund. The Funds non-diversified status is intended to provide the Fund with greater long-term flexibility in executing its investment strategy, in particular at times when the weightings of individual issuers in the Russell 1000 Growth Index exceed the diversification limitations under the 1940 Act. See Non-Diversification Risk under What are the Main Risks of Investing in the Fund? While the Fund is a non-diversified fund under the 1940 Act, the Fund will comply with the tax diversification requirements for regulated investment companies under the Internal Revenue Code of 1986, as amended. Additionally, the Adviser aims to control risk through certain risks constraints which seek to limit exposure to individual companies as well as groups of correlated companies. The Fund will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in a mix of large-cap investments and growth investments. For purposes of this policy, large-cap investments will be defined as companies with market capitalizations within the range of companies in the Russell 1000 Growth Index, and growth investments will be defined as companies with growth characteristics that meet the applicable parameters for inclusion in the Russell 1000 Growth Index. The Fund will notify shareholders at least 60 days in advance of any change in its investment policies to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in a mix of large-cap and growth investments. The Fund actively trades its portfolio securities in an attempt to achieve its investment objective. Active trading will cause the Fund to have an increased portfolio turnover rate and increase the Funds trading costs, which may have an adverse impact on the Funds performance. An active trading strategy will likely result in the Fund generating more short-term capital gains or losses. Short-term gains are generally taxed at a higher rate than long-term gains. Any short-term losses are used first to offset short-term gains. Show less