Federated Hermes MDT Large Cap Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Federated Hermes MDT Large Cap Growth Fund held 94 positions with $5.19B in net assets. Its ten largest holdings made up 46.5% of the fund. The QALGX share class costs 1% a year. Over the 12 months to May 2026, QALGX returned 27.3%, with dividends reinvested. In 2026 Q3 it added 30 new positions and exited 27.
The Funds investment objective is long-term capital appreciation.
The fund uses a quantitative model incorporating fundamental and technical stock selection variables to pick large-cap growth stocks, primarily from the Russell 1000 Growth Index, with sector exposure that approximates the index. The model seeks to maximize compound returns while controlling risk through diversification constraints and trading-cost analysis. Active trading to implement this strategy will generate increased portfolio turnover and short-term capital gains, which are taxed at higher rates than long-term gains.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 6.70% | $347.47M | 1.7M | $199.57 |
GOOGLALPHABET INC | 6.21% | $322.34M | 837.7K | $384.80 |
AVGOBROADCOM INC | 5.55% | $287.80M | 689.5K | $417.43 |
AAPLAPPLE INC | 5.30% | $275.07M | 1.0M | $271.35 |
AMZNAMAZON.COM INC | 4.70% | $244.05M | 920.8K | $265.06 |
MSFTMICROSOFT CORP | 4.52% | $234.38M | 574.8K | $407.78 |
TSLATESLA INC | 3.73% | $193.83M | 507.9K | $381.63 |
3.37% | $175.03M | 286.0K | $611.91 | |
3.34% | $173.42M | 160.1K | $1,083.46 | |
3.11% | $161.38M | 159.1K | $1,014.53 |
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 94 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 | 97.73% |
| Cash & short-term | 2.25% |
By sector
- Information Technology
- 53.7%
- Communication Services
- 13.3%
- Industrials
- 8.4%
- Consumer Discretionary
- 7.4%
- 7 other sectors
- 17.2%
- Information Technology
- 53.7%
- Communication Services
- 13.3%
- Industrials
- 8.4%
- Consumer Discretionary
- 7.4%
- Health Care
- 5.5%
- International
- 4.0%
- Financials
- 3.7%
- Cash
- 2.1%
- Materials
- 0.9%
- Consumer Staples
- 0.8%
- Real Estate
- 0.1%
How it has done
QALGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.37%. 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 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.00% | +27.26% | +107.40% | +124.24% | -11.70% | |
| 1.79% | +26.28% | +102.87% | +115.91% | -11.84% | |
| 0.75% | +27.55% | +108.94% | +126.90% | -11.67% | |
| — | — | — | — | — | |
| 0.72% | +27.62% | — | — | — |
Fees & fund details
Federated Hermes MDT Large Cap Growth Fund is an actively managed U.S. equity fund. 30% of QALGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.72% – 1.79%· QALGX 1.00%
- Portfolio turnover
- 58.00% 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
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
30 new· the largest 8
27 exited· the largest 8
Understand how this fund fits with the rest.
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- “Where do my funds overlap — QALGX, QQQ and the fund in my 401(k)?”
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