Federated Hermes MDT All Cap Core Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Federated Hermes MDT All Cap Core Fund held 176 positions with $3.46B in net assets. Its ten largest holdings made up 37.9% of the fund. The QAACX share class costs 1.05% a year. Over the 12 months to May 2026, QAACX returned 24.1%, with dividends reinvested. In 2026 Q3 it added 23 new positions and exited 26.
The Funds investment objective is long-term capital appreciation.
The fund employs a quantitative model incorporating fundamental and technical variables to select stocks from the Russell 3000 Index, which represents approximately 98% of the investable U.S. equity market. The model seeks to maximize compound annual returns while controlling risk through diversification constraints that limit exposure to individual companies and correlated groups. The fund actively trades its portfolio to implement this strategy, which typically results in elevated portfolio turnover and short-term capital gains.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLAPPLE INC | 7.29% | $252.38M | 930.1K | $271.35 |
NVDANVIDIA CORP | 6.75% | $233.62M | 1.2M | $199.57 |
GOOGLALPHABET INC | 5.88% | $203.35M | 528.5K | $384.80 |
AVGOBROADCOM INC | 3.76% | $130.21M | 311.9K | $417.43 |
2.82% | $97.53M | 90.0K | $1,083.46 | |
FISVFISERV INC | 2.65% | $91.72M | 1.5M | $62.65 |
MSFTMICROSOFT CORP | 2.63% | $90.96M | 223.1K | $407.78 |
FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 2.22% | $76.88M | — | — |
ABBVABBVIE INC | 1.99% | $68.84M | 325.7K | $211.32 |
AMZNAMAZON.COM INC | 1.96% | $67.99M | 256.5K | $265.06 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 176 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.75% |
| Cash & short-term | 2.22% |
By sector
- Information Technology
- 32.8%
- Financials
- 13.8%
- Health Care
- 10.2%
- Industrials
- 9.2%
- 9 other sectors
- 34.0%
- Information Technology
- 32.8%
- Financials
- 13.8%
- Health Care
- 10.2%
- Industrials
- 9.2%
- Communication Services
- 8.7%
- Consumer Discretionary
- 8.3%
- International
- 3.5%
- Consumer Staples
- 3.4%
- Energy
- 2.3%
- Materials
- 2.2%
- Real Estate
- 2.1%
- Cash
- 1.9%
- Utilities
- 1.6%
How it has done
QAACX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.40%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.05% | +24.13% | +99.36% | +105.88% | -8.43% | |
| 1.84% | +23.22% | +94.95% | +98.18% | -8.60% | |
| 0.75% | +24.53% | +101.19% | +108.98% | -8.34% | |
| 0.74% | +24.53% | +101.24% | +108.98% | -8.36% |
These classes hold the same portfolio, so the 10.80pp spread over 5 years is the cost difference between them — roughly 2.16pp a year — not a difference in what they own.
Fees & fund details
Federated Hermes MDT All Cap Core Fund is an actively managed U.S. equity fund. 21% of QAACX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.74% – 1.84%· QAACX 1.05%
- Portfolio turnover
- 62.00% a year · as of 2025 Q3
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
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