Federated Hermes MDT Large Cap Value Fund Service Shares
FSTKX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Federated Hermes Adviser Series DE United States of America
- IPO Date
- Mar 31, 1982
- CIK
- 0001707560
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes MDT Large Cap Value Fund Service Shares (FSTKX) is an open-end mutual fund that seeks growth of income and capital by investing primarily in common stocks of large-cap U.S. companies undervalued relative to the market; it employs quantitative models and analysis emphasizing value characteristics within the Russell 1000 Value Index range, with a portfolio allocation of approximately 96.57% to U.S. stocks, 2.15% to cash, and minor non-U.S. stock exposure, across sectors led by financial services (23.40%), industrials (12.88%), and healthcare (12.58%). The fund offers Service Shares with a net expense ratio of 0.99%, a minimum initial investment of $1,000,000, and daily pricing, managed by a team including Frederick Konopka and Daniel Mahr (since 2009), John Lewicke (since 2014), and Damien Zhang (since 2018). Launched on March 31, 1982, with the overall strategy tracing to predecessor funds reorganized on December 8, 2017, it operates within the large value category, domiciled in the United States and available primarily to U.S. investors. Managed by Pittsburgh-headquartered Federated Hermes, Inc. (founded 1955), through its MDT Advisers division (established 1988 and acquired by Federated in 2006), the fund targets institutional and high-net-worth investors seeking mid- to large-cap value equity exposure. Recent developments include Federated Hermes' expansion of its MDT quantitative strategies with launches of four MDT ETFs in July 2024 (e.g., MDT Large Cap Core ETF - FLCC, MDT Large Cap Growth ETF - FLCG) and the MDT Market Neutral ETF (MKTN) in September 2025, alongside a new MDT Mid Cap Growth Collective Investment Fund in September 2024, reflecting strategic growth in active ETFs and alternative vehicles building on MDT's three-decade systematic process now overseeing $21.4 billion in assets. As of late 2025, total net assets stand at approximately $1.98 billion, with Service Shares at $154.27 million.