Federated Hermes MDT Large Cap Value Fund
Federated Hermes Adviser Series · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Federated Hermes MDT Large Cap Value Fund is an actively managed U.S. equity fund. 6% of FSTRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The Funds investment objective is to provide growth of income and capital.
The fund uses a quantitative model based on fundamental and technical variables to select large-cap U.S. stocks from the Russell 1000 Value Index, focusing on companies with lower price-to-book ratios and lower forecasted growth. The strategy actively trades the portfolio to maximize returns while controlling risk through diversification constraints, which may increase short-term capital gains and trading costs. Active trading causes the fund to diverge from its benchmark through frequent portfolio changes.
| Share class | Gross | Net |
|---|---|---|
| FSTRX | 1.12% | 0.99% |
| QCLVX | 1.88% | 1.81% |
| QRLVX | 1.56% | 1.44% |
| FSTLX | 0.81% | 0.70% |
| FMSTX | 0.89% | 0.77% |
| FSTKX | 1.12% | 0.99% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 61.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.79% |
| Cash & short-term | 2.16% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 20.7% |
| Industrials | 13.0% |
| Health Care | 11.5% |
| Information Technology | 11.0% |
| 9 smaller | 43.9% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +29.68% | +77.78% | +89.96% | 9.80% | -8.42% | |
| — | — | — | — | — | |
| +28.66% | +73.64% | +82.56% | 9.78% | -8.62% | |
| +29.10% | +75.44% | +85.81% | 9.79% | -8.54% | |
| +30.04% | +79.34% | +92.68% | 9.76% | -8.37% | |
| +29.95% | +78.98% | +91.97% | 9.79% | -8.36% | |
| +29.67% | +77.74% | +89.93% | 9.79% | -8.41% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GOOGL | ALPHABET INCGOOGL | 5.12% | $384.80 | $120.25M | 312.5K |
| TRV | TRAVELERS COMPANIES INC (THE)TRV | 2.68% | $305.14 | $62.90M | 206.1K |
| FISV | FISERV INCFISV | 2.50% | $62.65 | $58.63M | 935.9K |
| BNY | BANK OF NEW YORK MELLON CORP (THE)BNY | 2.17% | $134.37 | $51.04M | 379.9K |
| — | FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 2.16% | — | $50.69M | — |
| MU | MICRON TECHNOLOGY INCMU | 2.08% | $517.16 | $48.88M | 94.5K |
| XOM | EXXON MOBIL CORPXOM | 1.87% | $154.33 | $43.99M | 285.0K |
| JPM | JP MORGAN CHASE & COMPANYJPM | 1.84% | $313.23 | $43.22M | 138.0K |
| GEV | GE VERNOVA INCGEV | 1.75% | $1,083.46 | $41.05M | 37.9K |
| — | ACCENTURE PLC | 1.73% | $178.71 | $40.63M | 227.4K |
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.
Top 10 positions are 23.91% of net assets, top 25 44.38%, across 126 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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