Strategy. The Fund pursues its investment objective of long-term capital appreciation by investing typically in large-cap equity securities of companies (i.e., companies with market capitalizations greater than $10 billion) domiciled in, or that derive a large proportion of their revenue from, global developed and emerging markets. The Fund will also invest in component securities of the MSCI All Country World Index or in securities of companies listed in the countries referenced in this index. The Fund will generally allocate a substantial amount of its total assets (approximately 40% or more unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30%) to non-U.S. investments. The Fund will be an actively managed portfolio … Show more… The Fund pursues its investment objective of long-term capital appreciation by investing typically in large-cap equity securities of companies (i.e., companies with market capitalizations greater than $10 billion) domiciled in, or that derive a large proportion of their revenue from, global developed and emerging markets. The Fund will also invest in component securities of the MSCI All Country World Index or in securities of companies listed in the countries referenced in this index. The Fund will generally allocate a substantial amount of its total assets (approximately 40% or more unless market conditions are not deemed favorable by the Adviser, in which case the Fund would invest at least 30%) to non-U.S. investments. The Fund will be an actively managed portfolio using a disciplined fundamental stock-selection process based on well documented market anomalies. The Funds investment adviser or sub-adviser (as applicable, the Adviser) will use a proprietary quantitative model which captures systematic behavioral biases of market participants in order to generate returns for the Fund. The Funds investments will be selected based on the output of this model and will favor equity securities which have a combination of proven fundamental characteristics. Companies with a competitive advantage and a sustainable business model are sought after as they are more likely to offer visibility of earnings growth. In addition, the Adviser believes that companies that are well governed are more likely to avoid unforeseeable negative impacts and targets such companies. The Adviser believes that choosing stocks that demonstrate a combination of these characteristics will allow the Fund to hold stocks over the long-term. The Adviser employs a disciplined subjective analysis that assesses the models effectiveness. As part of the strategys assessment of quality and its approach to risk management, risks associated with a companys approach to environmental, social and governance (ESG) issues are actively assessed. The Adviser considers data on Federated Hermes proprietary ESG Dashboard, which contains a wide range of ESG factors and ranks companies on their behaviors versus peers. The Advisers approach to ESG integration in its investment analysis draws upon both internal and external sources. The Adviser assesses companies within its investment universe on their exposure to and management of ESG risks and assigns a weighted score for each. ESG represents governance (being the way in which the company is run), environmental issues (such as the impact on natural resources), and social issues (such as human rights). No sector or industry is excluded from the initial analysis. While the Adviser generally seeks to assess and score all companies in which the Fund invests using this ESG analysis, the Adviser may invest up to 10% of the Funds net assets in companies that have not been subject to ESG analysis. The Advisers ESG assessment favors companies with lower ESG risks and companies with good or improving ESG track records. The ESG factors are combined with the other factors of the quantitative model to determine the overall attractiveness of each company. The output from the quantitative model is analyzed by the Adviser to seek to ensure that all relevant information is accurately captured and that the Fund is not exposed to risks not otherwise identified by the quantitative model. Based on the Advisers ESG scoring methodology, the Adviser will generally not invest in those companies whose ESG scores are in the lowest 20% of companies in the investment universe the Adviser has analyzed. However, the Adviser may invest in companies with poor ESG scores, including those in the lowest 20% analyzed by the Adviser where the company has shown a desire to improve their ESG behaviors and can demonstrate good corporate governance practices and/or a willingness to engage on issues if they arise. The Adviser may utilize input from its affiliate, EOS at Federated Hermes, a stewardship and engagement team, to support the identification of, and engagement with, suitable companies that meet the criteria outlined above and below.These ESG considerations are intended to provide guidance to the Adviser with respect to best practice standards of corporate governance and equity stewardship in order for the Adviser to make informed investment decisions. The Fund will invest in a diversified portfolio of equities (such as common and/or preferred stock and/or rights/warrants) or equity-related instruments (such as depositary receipts) of, or relating to companies in, or that derive a large proportion of their revenue from, global developed and emerging markets. Investment in or exposure to such securities will be on a long-only basis. The Fund will not invest in companies that generate any portion of revenue from the production of controversial weapons. For purposes of this strategy, examples of controversial weapons include cluster munitions, anti-personnel mines, biological weapons and chemical weapons. The Fund may invest in other investment companies and futures contracts to implement elements of its investment strategy, including for cash flow management, cost effectiveness, and gaining exposure to certain markets and securities in a quicker or more efficient manner. These investments will be on a long-only basis. There can be no assurance that the Funds use of futures contracts will work as intended. Futures contract investments made by the Fund are included within the Funds 80% policy (as described below) and are calculated at market value. The Fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity investments. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would permit the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in equity investments. Show less