Federated Hermes MDT Small Cap Core Fund Class A
QASCX
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
- Federated Mdt Series MA United States of America
- IPO Date
- Sep 19, 2005
- CIK
- 0001363526
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes MDT Small Cap Core Fund Class A (QASCX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in the common stocks of small-capitalization U.S. companies. The fund allocates at least 80% of its net assets (plus any borrowings for investment purposes) to small-cap equities, predominantly selected from companies within the Russell 2000 Index using a quantitative investment strategy that emphasizes return maximization, risk management, and diversification constraints to limit exposure to individual or correlated securities; it may also hold cash equivalents such as Federated Government Obligations Fund Prime Shares. Sector allocations typically include significant exposure to financial services, industrials, technology, healthcare, and consumer defensive, with top holdings as of recent data encompassing Jackson Financial Inc., Resideo Technologies Inc., Knife River Holding Co., Parsons Corp., and Omnicell Inc., among others representing approximately 15.8% of the portfolio. The fund operates within the small blend category, targeting institutional and retail investors seeking exposure to U.S. small-cap markets, with total net assets of approximately $1.4-$1.51 billion, a net expense ratio of 1.13%-1.14%, a 5.50% front-end load, and a minimum initial investment of $1,500. Launched on September 15, 2005, and domiciled in the United States with principal operations managed by Federated Hermes, Inc., headquartered in Pittsburgh, Pennsylvania, the fund underwent a significant reorganization on December 8, 2006, as the successor to the predecessor MDT Small Cap Core Fund, adopting its performance history thereafter; it also experienced a name change effective June 29, 2020, from Federated MDT Small Cap Core Fund to Federated Hermes MDT Small Cap Core Fund to reflect the parent's rebranding. More recently, in July 2024, Federated Hermes expanded its MDT Small Cap Core strategy with the launch of the actively managed MDT Small Cap Core ETF (FSCC), applying the same quantitative model focused on small-cap U.S. equities from the Russell 2000 Index, thereby broadening access to the strategy beyond mutual fund share classes. The fund is managed by a team including Frederick Konopka (since 2008), Daniel Mahr (since 2008), John Lewicke (since 2014), and Damien Zhang (since 2018), with an annual turnover rate of around 85%.