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iso4217:USD pure fhist:Holding 0.038 0.114 0.108 0.063 0.084 0.085 0.051 0.031 0.253 0.031 0.063 0.084 0.108 0.101 0.147 0.115 0.001 0.047 0.038 0.253 0.115 0.001 0.147 0.106 0.001 0.147 0.253 0.115 0.101 0.044 0.088 0.115 0.253 0.066 0.038 0.084 0.031 0.109 0.047 0.063 0.066 0.108 0.051 0.085 0.044 0.109 0.047 0.060 0.070 0.106 0.051 0.109 0.060 0.059 0.088 0.066 0.060 0.085 0.063 0.109 0.070 0.147 0.044 0.059 0.060 0.038 0.114 0.031 0.106 0.059 0.084 0.066 0.101 0.114 0.059 0.108 0.085 0.001 0.051 0.101 0.088 0.047 0.114 0.070 0.070 0.044 0.106 0.088 0000789281 false N-1A N-CSR Federated Hermes Income Securities Trust 2026-04-30 Federated Hermes Muni and Stock Advantage Fund Class A Shares FMUAX This semi-annual shareholder report contains important information about the Federated Hermes Muni and Stock Advantage Fund (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-style:solid;text-decoration-line:underline;color:rgb(0, 0, 0);font-family:'times new roman';font-size:10pt">FederatedHermes.com/us/FundInformation</span>. You can also request this information by contacting us at 1‑800‑341‑7400, Option 4, or your financial advisor. FederatedHermes.com/us/FundInformation 1‑800‑341‑7400 <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">What were the Fund costs for the last six months?</div><div style="margin-top:0px;margin-bottom:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong>Class Name</strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong><span style="white-space:nowrap">Costs of a $10,000 investment</span></strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; width: 180pt;"><strong>Costs paid as an annualized percentage of a $10,000 investment</strong></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; vertical-align: bottom;">Class A Shares</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><span style="float:none">$</span>50</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; white-space: nowrap;">0.99<span>%</span></td> </tr> </table> 50 0.0099 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;margin-top:10pt;break-after:avoid;">Key Fund Statistics</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Net Assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;"><span style="float:none">$</span>1,434,783,161</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Number of Investments</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">409</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Portfolio Turnover</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">12<span>%</span></td> </tr> </table>

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<div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">Fund Holdings</div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Security Types</b> <br/> <b>(% of Net Assets)</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Equity Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">48.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Fixed-Income Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">46.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Short-Term Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">4.4<span>%</span></td> </tr> </table><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Equity</b> <br/> <b>(% Equity Securities)</b> </div><div style="padding-right:3pt;padding-left:3pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_11834090.jpg" style="width: 172.8pt;"/> </div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Tax-Exempt</b> <br/> <b>(% Tax-Exempt Securities)</b> </div><div style="padding-left:3pt;padding-right:0px;"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11834095.jpg" style="width: 172.8pt;"/> </div> 0.484 0.469 0.044 Federated Hermes Muni and Stock Advantage Fund Class C Shares FMUCX This semi-annual shareholder report contains important information about the Federated Hermes Muni and Stock Advantage Fund (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-style:solid;text-decoration-line:underline;color:rgb(0, 0, 0);font-family:'times new roman';font-size:10pt">FederatedHermes.com/us/FundInformation</span>. You can also request this information by contacting us at 1‑800‑341‑7400, Option 4, or your financial advisor. FederatedHermes.com/us/FundInformation 1‑800‑341‑7400 <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">What were the Fund costs for the last six months?</div><div style="margin-top:0px;margin-bottom:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong>Class Name</strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong><span style="white-space:nowrap">Costs of a $10,000 investment</span></strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; width: 180pt;"><strong>Costs paid as an annualized percentage of a $10,000 investment</strong></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; vertical-align: bottom;">Class C Shares</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><span style="float:none">$</span>88</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; white-space: nowrap;">1.74<span>%</span></td> </tr> </table> 88 0.0174 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;margin-top:10pt;break-after:avoid;">Key Fund Statistics</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Net Assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;"><span style="float:none">$</span>1,434,783,161</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Number of Investments</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">409</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Portfolio Turnover</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">12<span>%</span></td> </tr> </table>

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409

0.12

<div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">Fund Holdings</div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Security Types</b> <br/> <b>(% of Net Assets)</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Equity Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">48.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Fixed-Income Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">46.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Short-Term Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">4.4<span>%</span></td> </tr> </table><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Equity</b> <br/> <b>(% Equity Securities)</b> </div><div style="padding-right:3pt;padding-left:3pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_11834130.jpg" style="width: 172.8pt;"/> </div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Tax-Exempt</b> <br/> <b>(% Tax-Exempt Securities)</b> </div><div style="padding-left:3pt;padding-right:0px;"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11834135.jpg" style="width: 172.8pt;"/> </div> 0.484 0.469 0.044 Federated Hermes Muni and Stock Advantage Fund Class F Shares FMUFX This semi-annual shareholder report contains important information about the Federated Hermes Muni and Stock Advantage Fund (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-style:solid;text-decoration-line:underline;color:rgb(0, 0, 0);font-family:'times new roman';font-size:10pt">FederatedHermes.com/us/FundInformation</span>. You can also request this information by contacting us at 1‑800‑341‑7400, Option 4, or your financial advisor. FederatedHermes.com/us/FundInformation 1‑800‑341‑7400 <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">What were the Fund costs for the last six months?</div><div style="margin-top:0px;margin-bottom:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong>Class Name</strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong><span style="white-space:nowrap">Costs of a $10,000 investment</span></strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; width: 180pt;"><strong>Costs paid as an annualized percentage of a $10,000 investment</strong></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; vertical-align: bottom;">Class F Shares</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><span style="float:none">$</span>50</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; white-space: nowrap;">0.99<span>%</span></td> </tr> </table> 50 0.0099 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;margin-top:10pt;break-after:avoid;">Key Fund Statistics</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Net Assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;"><span style="float:none">$</span>1,434,783,161</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Number of Investments</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">409</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Portfolio Turnover</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">12<span>%</span></td> </tr> </table>

1434783161

409

0.12

<div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">Fund Holdings</div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Security Types</b> <br/> <b>(% of Net Assets)</b> </div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Equity Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">48.4<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Fixed-Income Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">46.9<span>%</span></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left;">Tax-Exempt, Short-Term Securities</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap;">4.4<span>%</span></td> </tr> </table><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Equity</b> <br/> <b>(% Equity Securities)</b> </div><div style="padding-right:3pt;padding-left:3pt;"> <img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_11834170.jpg" style="width: 172.8pt;"/> </div><div style="margin-top:5pt;margin-right:0px;margin-bottom:5pt;margin-left:0px;font-family:'times new roman';color:rgb(0, 0, 0);letter-spacing:normal;text-transform:uppercase;font-size:9pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt;text-align:center;padding-bottom:5pt;font-weight:bold;"> <b>Top Sectors - Tax-Exempt</b> <br/> <b>(% Tax-Exempt Securities)</b> </div><div style="padding-left:3pt;padding-right:0px;"> <img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_11834175.jpg" style="width: 172.8pt;"/> </div> 0.484 0.469 0.044 Federated Hermes Muni and Stock Advantage Fund Institutional Shares FMUIX This semi-annual shareholder report contains important information about the Federated Hermes Muni and Stock Advantage Fund (the “Fund”) for the period of November 1, 2025 to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span style="text-decoration-style:solid;text-decoration-line:underline;color:rgb(0, 0, 0);font-family:'times new roman';font-size:10pt">FederatedHermes.com/us/FundInformation</span>. You can also request this information by contacting us at 1‑800‑341‑7400, Option 4, or your financial advisor. FederatedHermes.com/us/FundInformation 1‑800‑341‑7400 <div style="margin-top:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;">What were the Fund costs for the last six months?</div><div style="margin-top:0px;margin-bottom:0px;font-family:'times new roman';color:rgb(0, 0, 0);font-size:10pt;">(Based on a hypothetical $10,000 investment)</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-after:avoid;break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong>Class Name</strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><strong><span style="white-space:nowrap">Costs of a $10,000 investment</span></strong></td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; width: 180pt;"><strong>Costs paid as an annualized percentage of a $10,000 investment</strong></td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; vertical-align: bottom;">Institutional Shares</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt;"><span style="float:none">$</span>38</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; vertical-align: bottom; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 10pt; white-space: nowrap;">0.74<span>%</span></td> </tr> </table> 38 0.0074 <div style="font-family:'times new roman';color:rgb(0, 0, 0);font-size:12pt;font-weight:bold;margin-bottom:3pt;margin-top:10pt;break-after:avoid;">Key Fund Statistics</div><table style="width:100%;border-collapse:collapse;break-inside:avoid"> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Net Assets</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;"><span style="float:none">$</span>1,434,783,161</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Number of Investments</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">409</td> </tr> <tr style="break-inside:avoid-page;height:20pt;border-bottom-color:rgb(0, 0, 0);border-bottom-style:solid;border-bottom-width:1pt"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; text-align: left; color: rgb(0, 0, 0); font-size: 9pt; font-family: 'Times New Roman'; font-weight: bold;">Portfolio Turnover</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 3px; font-family: 'Times New Roman'; color: rgb(0, 0, 0); font-size: 9pt; white-space: nowrap;">12<span>%</span></td> </tr> </table>

1434783161

409

0.12