Federated Hermes MDT Small Cap Core Fund
Actively managed U.S. stock fund
The Funds investment objective is long-term capital appreciation.
The fund uses a quantitative model incorporating fundamental and technical variables to select stocks from the Russell 2000 Index of small-cap U.S. companies, aiming to maximize compound returns while controlling risk through diversification constraints and trading-cost analysis. The fund actively trades its portfolio, which increases turnover and may generate short-term capital gains taxed at higher rates than long-term gains.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
2.31% | $43.83M | 863.1K | $50.78 | |
1.96% | $37.05M | 130.7K | $283.36 | |
FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 1.95% | $36.86M | — | — |
1.59% | $30.02M | 108.3K | $277.27 | |
1.50% | $28.36M | 156.5K | $181.15 | |
1.43% | $27.09M | 564.7K | $47.97 | |
1.20% | $22.73M | 196.4K | $115.77 | |
1.18% | $22.30M | 229.1K | $97.31 | |
VSATVIASAT INC | 1.15% | $21.75M | 330.0K | $65.91 |
1.14% | $21.58M | 305.0K | $70.75 |
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.
The 200 largest of 301 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 | 98.04% |
| Cash & short-term | 1.95% |
By sector
- Health Care
- 19.0%
- Financials
- 18.5%
- Industrials
- 14.5%
- Information Technology
- 13.5%
- 10 other sectors
- 34.4%
- Health Care
- 19.0%
- Financials
- 18.5%
- Industrials
- 14.5%
- Information Technology
- 13.5%
- Consumer Discretionary
- 7.2%
- Real Estate
- 6.4%
- International
- 6.2%
- Energy
- 4.3%
- Materials
- 3.6%
- Cash
- 2.1%
- Communication Services
- 1.6%
- Utilities
- 1.6%
- Consumer Staples
- 1.3%
- Other
- 0.1%
How it has done
QASCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.93%. Past returns are a record, not a forecast.
May 2026 and 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 |
|---|---|---|---|---|---|
| 1.14% | +43.65% | +74.41% | +51.57% | -17.57% | |
| 2.00% | +42.41% | +70.06% | +45.32% | -17.85% | |
| 0.89% | +44.01% | +75.67% | +53.37% | -17.52% | |
| 0.88% | +44.00% | +75.75% | +53.48% | -17.46% |
These classes hold the same portfolio, so the 8.16pp spread over 5 years is the cost difference between them — roughly 1.63pp a year — not a difference in what they own.
Fees & fund details
Federated Hermes MDT Small Cap Core Fund is an actively managed U.S. equity fund. 41% of QASCX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.88% – 2.00%· QASCX 1.14%
- Portfolio turnover
- 82.00% 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.
44 new· the largest 8
44 exited· the largest 8
Understand how this fund fits with the rest.
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