Federated Hermes MDT Mid Cap Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Federated Hermes MDT Mid Cap Growth Fund held 125 positions with $6.37B in net assets. Its ten largest holdings made up 30.8% of the fund. The FGSAX share class costs 1.15% a year. Over the 12 months to May 2026, FGSAX returned 5.6%, with dividends reinvested. In 2026 Q3 it added 39 new positions and exited 38.
The Funds investment objective is appreciation of capital.
The fund uses a quantitative model incorporating fundamental and technical variables to select mid-cap growth stocks, primarily from the Russell Midcap Growth Index, and actively trades to maximize after-tax returns while controlling risk through diversification constraints. Active trading generates higher portfolio turnover and increased short-term capital gains, which are taxed at higher rates than long-term gains.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
5.87% | $373.77M | 1.1M | $328.49 | |
4.50% | $286.27M | 1.2M | $243.04 | |
3.78% | $240.49M | 506.5K | $474.79 | |
VIKING HOLDINGS LTD | 3.02% | $192.37M | 2.3M | $81.91 |
2.70% | $171.93M | 1.3M | $134.37 | |
2.55% | $162.50M | 1.0M | $155.97 | |
2.33% | $148.40M | 1.1M | $137.70 | |
FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 2.15% | $136.82M | — | — |
2.11% | $134.19M | 184.4K | $727.77 | |
1.84% | $117.23M | 378.8K | $309.49 |
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 125 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 | 97.82% |
| Cash & short-term | 2.15% |
By sector
- Information Technology
- 29.7%
- Industrials
- 20.4%
- Health Care
- 12.1%
- Consumer Discretionary
- 10.2%
- 9 other sectors
- 27.6%
- Information Technology
- 29.7%
- Industrials
- 20.4%
- Health Care
- 12.1%
- Consumer Discretionary
- 10.2%
- International
- 7.6%
- Financials
- 6.0%
- Communication Services
- 4.4%
- Energy
- 3.7%
- Cash
- 1.5%
- Utilities
- 1.5%
- Real Estate
- 1.4%
- Consumer Staples
- 0.9%
- Materials
- 0.6%
How it has done
FGSAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.83%. 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 |
|---|---|---|---|---|---|
| 1.15% | +5.55% | +76.59% | +65.75% | -13.43% | |
| 1.95% | +4.66% | +72.36% | +59.27% | -13.52% | |
| 0.84% | +5.86% | +78.15% | +68.24% | -13.39% | |
| 0.85% | +5.87% | +78.12% | +68.16% | -13.39% |
These classes hold the same portfolio, so the 8.97pp spread over 5 years is the cost difference between them — roughly 1.79pp a year — not a difference in what they own.
Fees & fund details
Federated Hermes MDT Mid Cap Growth Fund is an actively managed U.S. equity fund. 36% of FGSAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.84% – 1.95%· FGSAX 1.15%
- Portfolio turnover
- 78.00% a year · as of 2025 Q4
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.
39 new· the largest 8
38 exited· the largest 8
Understand how this fund fits with the rest.
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