Federated Hermes Max-Cap Index Fund Institutional Shares
FISPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Jul 2, 1990
- CIK
- 0000861469
- Website
- federatedinvestors.com
- Similar Companies
- Business
- Federated Hermes Max-Cap Index Fund Institutional Shares (FISPX) is a mutual fund that seeks investment results corresponding to the aggregate price and performance of publicly traded common stocks comprising the Standard & Poor's 500 Index, a broad-based market capitalization-weighted index of 500 large-cap U.S. stocks representing major industries. The fund primarily invests its assets in common stocks included in the S&P 500 Index, supplemented by derivative instruments such as E-mini S&P 500 futures; it maintains a portfolio heavily weighted toward U.S. equities (approximately 95%), with minor allocations to cash and non-U.S. stocks, and top holdings including Apple Inc., Microsoft Corp., and NVIDIA Corp. Offered as an institutional share class with a minimum initial investment of $1,000,000, a net expense ratio of 0.37%, and daily pricing, the fund targets institutional investors seeking large-blend exposure through low-turnover (17%) passive management. Federated Hermes, Inc., the fund's investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, provides a comprehensive suite of investment products including mutual funds like FISPX, exchange-traded funds, separate accounts, closed-end funds, and collective investment funds spanning equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. The company, which manages approximately $830 billion in customer assets as of December 2024, serves diverse clients such as corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers, with operations in the United States, the United Kingdom, and other international markets. FISPX operates within Federated Hermes' equity segment, focusing on large-cap blend strategies for U.S. domestic market performance tracking. In recent developments, Federated Hermes agreed in October 2025 to acquire a majority interest in FCP Fund Manager, L.P., a U.S.-based real estate investment manager specializing in multifamily assets, for up to $331 million, marking its second private markets acquisition of 2025 following the April purchase of Rivington Energy Management and enhancing its alternatives platform managing $19 billion in assets. This strategic expansion into U.S. real estate complements the firm's established non-U.S. private equity, credit, infrastructure, and real estate operations. The transaction, expected to close in the first half of 2026 pending regulatory approval, underscores Federated Hermes' focus on growing alternative investments amid strong sector fundamentals.