FEDERATED HERMES INC

Ticker: FHI CUSIP: 314211103 Class: CL B

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 18,030 Value ($000) $343 Avg Close $22.48 Range $9.92 - $28.87

Q4 2019

Shares 17,830 Value ($000) $581 Avg Close $24.55 Range $22.54 - $26.02

Q3 2019

Shares 17,640 Value ($000) $572 Avg Close $24.50 Range $23.28 - $26.71

Q2 2019

Shares 17,700 Value ($000) $575 Avg Close $23.36 Range $21.64 - $24.86

Q1 2019

Shares 17,400 Value ($000) $510 Avg Close $20.37 Range $17.92 - $22.51

Q4 2018

Shares 23,010 Value ($000) $611 Avg Close $18.02 Range $15.96 - $19.81

Q2 2018

Shares 22,350 Value ($000) $521 Avg Close $18.95 Range $16.26 - $23.59

Q1 2018

Shares 28,840 Value ($000) $963 Avg Close $23.87 Range $21.90 - $25.72

Q4 2017

Shares 28,840 Value ($000) $1,041 Avg Close $22.59 Range $20.59 - $25.66

Q3 2017

Shares 28,840 Value ($000) $857 Avg Close $19.44 Range $18.34 - $20.84

Q2 2017

Shares 35,810 Value ($000) $1,012 Avg Close $18.30 Range $17.36 - $19.48

Q1 2017

Shares 42,620 Value ($000) $1,123 Avg Close $18.17 Range $16.98 - $19.69

Q4 2016

Shares 43,120 Value ($000) $1,219 Avg Close $18.35 Range $16.55 - $20.04

Q3 2016

Shares 42,490 Value ($000) $1,259 Avg Close $20.06 Range $17.65 - $21.28

Q2 2016

Shares 41,890 Value ($000) $1,206 Avg Close $19.43 Range $16.95 - $20.91

Q1 2016

Shares 31,510 Value ($000) $909 Avg Close $16.58 Range $14.30 - $18.43

Q4 2015

Shares 30,750 Value ($000) $881 Avg Close $18.82 Range $17.07 - $20.02

Q3 2015

Shares 30,370 Value ($000) $878 Avg Close $19.82 Range $17.55 - $21.42

Q2 2015

Shares 29,890 Value ($000) $1,001 Avg Close $21.17 Range $20.32 - $22.02

Q1 2015

Shares 28,800 Value ($000) $976 Avg Close $20.24 Range $18.36 - $21.77

Q4 2014

Shares 31,010 Value ($000) $1,021 Avg Close $18.71 Range $16.25 - $20.61

Q3 2014

Shares 26,800 Value ($000) $787 Avg Close $17.98 Range $16.59 - $18.96

Q2 2014

Shares 26,000 Value ($000) $804 Avg Close $17.29 Range $16.00 - $18.62

Q1 2014

Shares 26,000 Value ($000) $794 Avg Close $16.51 Range $15.02 - $18.45

Q4 2013

Shares 25,800 Value ($000) $743 Avg Close $16.01 Range $14.94 - $16.93

Q3 2013

Shares 15,500 Value ($000) $421 Avg Close $16.45 Range $15.50 - $17.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	18,030	$343	$22.48	$9.92 - $28.87
Q4 2019	17,830	$581	$24.55	$22.54 - $26.02
Q3 2019	17,640	$572	$24.50	$23.28 - $26.71
Q2 2019	17,700	$575	$23.36	$21.64 - $24.86
Q1 2019	17,400	$510	$20.37	$17.92 - $22.51
Q4 2018	23,010	$611	$18.02	$15.96 - $19.81
Q2 2018	22,350	$521	$18.95	$16.26 - $23.59
Q1 2018	28,840	$963	$23.87	$21.90 - $25.72
Q4 2017	28,840	$1,041	$22.59	$20.59 - $25.66
Q3 2017	28,840	$857	$19.44	$18.34 - $20.84
Q2 2017	35,810	$1,012	$18.30	$17.36 - $19.48
Q1 2017	42,620	$1,123	$18.17	$16.98 - $19.69
Q4 2016	43,120	$1,219	$18.35	$16.55 - $20.04
Q3 2016	42,490	$1,259	$20.06	$17.65 - $21.28
Q2 2016	41,890	$1,206	$19.43	$16.95 - $20.91
Q1 2016	31,510	$909	$16.58	$14.30 - $18.43
Q4 2015	30,750	$881	$18.82	$17.07 - $20.02
Q3 2015	30,370	$878	$19.82	$17.55 - $21.42
Q2 2015	29,890	$1,001	$21.17	$20.32 - $22.02
Q1 2015	28,800	$976	$20.24	$18.36 - $21.77
Q4 2014	31,010	$1,021	$18.71	$16.25 - $20.61
Q3 2014	26,800	$787	$17.98	$16.59 - $18.96
Q2 2014	26,000	$804	$17.29	$16.00 - $18.62
Q1 2014	26,000	$794	$16.51	$15.02 - $18.45
Q4 2013	25,800	$743	$16.01	$14.94 - $16.93
Q3 2013	15,500	$421	$16.45	$15.50 - $17.76