Insurance Funds Fee Waiver Notice

December 29 2021

Due to current market conditions, Federated Hermes is reducing certain fees and/or payments on several money market funds in order to help the funds maintain a zero or positive net yield. For the month ending December 31, 2021, the Administration Service Fee on the following fund(s) has been reduced as set forth below in accordance with Exhibit C to the Fund Participation Agreement:

Government Money Fund II, Service Shares

Federated Hermes is monitoring the markets on a daily basis and will provide updates to these fee reductions as conditions warrant. Although Federated Hermes believes that conditions in the markets will change so that the fee reductions can be eliminated, it cannot predict the timing. Please contact your Federated Hermes representative for information regarding fees currently payable on these funds.

Information is for the month of December 2021 and is subject to change.

Federated Securities Corp., Distributor
Federated Hermes, Inc.
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Contact us at or call 1-800-341-7400.