Federated Hermes Short Duration High Yield ETF
A Portfolio of Federated Hermes ETF Trust
SUPPLEMENT TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2026
Effective August 5, 2026, Braden Rotberg no longer serves as a portfolio manager of
the Federated Hermes Short Duration High Yield ETF (the “Fund”). Accordingly, please remove all references to Mr. Rotberg from the Fund’s Prospectus and Statement of Additional Information (SAI).
The other members of the portfolio management team will continue to manage the Fund.
In addition, effective August 5, 2026, Randal Stuckwish, CFA, will serve as a portfolio manager of the Fund. Accordingly,
effective as of that date, please make the following changes:
1. In the Prospectus, under the section entitled “Fund Summary Information” in the sub-section entitled “Fund Management,” please replace the information for Mr. Rotberg with the following:
“Randal Stuckwish, CFA, Portfolio Manager, has been the Fund’s portfolio manager since August of 2026.”
2. In the Prospectus, under the section entitled “Who Manages the Fund?,” in the sub-section entitled “Portfolio Management Information,” please replace the information for Mr. Rotberg with the following:
Randal Stuckwish, CFA, Portfolio Manager, has been the Fund’s portfolio manager since August of 2026.
Mr. Stuckwish is responsible for day to day management of the Fund focusing on sector
allocation and security selection. He has been with the Adviser or an affiliate since 2013, has worked in investment management
since 2013, and has managed investment portfolios since 2021. Education: B.S., Bethany College; M.B.A., Tepper School of Business, Carnegie Mellon University.”
3. In the SAI, under the section entitled “Who Manages and Provides Services to the Fund?,” in the sub-section entitled “Portfolio Manager Information,” please replace the information for Mr. Rotberg with the following:
“The following information about the Fund’s portfolio manager is provided as of June 30, 2026.
Randal Stuckwish, Portfolio Manager
Types of Accounts Managed
by Randal Stuckwish
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Total Number of Additional Accounts
Managed/Total Assets*
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Registered Investment Companies
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Other Pooled Investment Vehicles
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|
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*
None of the Accounts has an advisory fee that is based on the performance of the account.
Dollar value range of shares owned in the Fund: None.
Randal Stuckwish is paid a fixed base salary and a variable annual incentive. Base
salary is determined within a market competitive, position-specific salary range, based on the portfolio manager’s experience and performance. The annual incentive amount is determined based primarily on Investment Product Performance (IPP) and may also include
a discretionary component based on a variety of factors deemed relevant, such as financial measures and performance, and
may be paid entirely in cash, or in a combination of cash and restricted stock of Federated Hermes, Inc. (“Federated Hermes”). The total combined annual incentive opportunity is intended to be competitive in the market for this portfolio manager
role.
IPP is measured on a rolling one, three, and five calendar year pre-tax gross total return basis versus the Fund’s representative performance index (i.e., ICE BofA 0-5 Year BB/B US High Yield Constrained Index) and versus the Fund’s designated peer group of comparable accounts. Performance periods are adjusted if a portfolio manager has
been managing an account for less than five years; accounts with less than one year of performance history under a portfolio manager
may be excluded.
As noted above, Mr. Stuckwish is also the portfolio manager for other accounts in
addition to the Fund. Such other accounts may have different benchmarks and performance measures. The allocation or weighting given
to the performance of the Fund or other accounts for which Mr. Stuckwish is responsible when his compensation is calculated
may be equal or can vary.
For purposes of calculating the annual incentive amount, each account managed by the
portfolio manager currently is categorized into one of three IPP groups (which may be adjusted periodically). Within each performance
measurement period and IPP group, IPP currently is calculated on the basis of an assigned weighting to each account managed
by the portfolio manager and included in the IPP groups. At the account level, the weighting assigned to the Fund is lesser than
or equal to the weighting assigned to certain other
