Federated Hermes MDT Balanced IS
QIBGX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Pittsburgh, PA 15237-7000 Pittsburgh PA United States of America 15237-7000
- IPO Date
- Oct 2, 2002
- CIK
- 0001363526
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes MDT Balanced Fund Institutional Shares (QIBGX) is a mutual fund that seeks long-term growth of capital and income through a balanced portfolio typically comprising approximately 60% equity securities and 40% fixed-income securities, with flexibility to vary this allocation by plus or minus 20% based on economic and market conditions. The fund invests in a wide variety of assets including domestic and foreign equity securities, fixed-income securities such as government obligations and mortgage-backed securities, exchange-traded funds (ETFs) like iShares MSCI EAFE ETF, derivative and hybrid instruments; top holdings include Federated Mortgage Core Portfolio, 2 Year Treasury Note Future, Microsoft Corp., and Federated Government Obligations Fund. Managed by a team led by John Sherman since inception with additional portfolio managers Frederick Konopka, Daniel Mahr, Chengjun Wu, John Lewicke, and Damien Zhang, the fund employs quantitative models and analysis alongside fundamental factors, categorizing within the moderate allocation segment with a net expense ratio of 1.09% and minimum initial investment of $1,000,000 for institutional shares. Federated Hermes MDT Balanced Fund Institutional Shares, successor to the original MDT Balanced Fund via a reorganization on December 8, 2006, traces its performance history to October 1, 2002, and operates as part of the broader Federated Hermes, Inc. offerings. The fund serves institutional investors seeking diversified exposure across U.S. stocks (48%), U.S. bonds (37%), non-U.S. stocks (6%), and non-U.S. bonds (3%), with sector emphases in technology, financial services, consumer cyclical, healthcare, and industrials. Available primarily in the United States, it maintains total net assets of approximately $296 million for the share class amid a portfolio turnover of 68%. Federated Hermes, Inc., the fund's adviser headquartered in Pittsburgh, Pennsylvania and founded in 1955, has pursued significant strategic expansions including the October 2025 agreement to acquire an 80% stake in FCP Fund for up to $331 million to enter the U.S. multifamily real estate market, a September 2025 launch of the Federated Hermes MDT Market Neutral ETF leveraging MDT Advisers' quantitative expertise, and a strategic partnership with AmeriServ Financial Bank to enhance wealth management client access to research and products. These initiatives complement ongoing growth in MDT quantitative equity strategies, which reached $23.2 billion in assets by mid-2025, and record firm-wide assets under management of $859.5 billion in Q3 2025 driven by equity fund net sales. The firm, which rebranded from Federated Investors in 2020 following its 2018 acquisition of Hermes Investment Management, continues to emphasize multi-asset solutions amid market volatility.