Registry rank 1771 · Portfolio as of 2026-04-30

Federated Hermes MDT Large Cap Value Fund

FMSTX · FSTKX · FSTLX · FSTRX · QCLVX · QRLVX

Best-fit active share64.9%vs IWD · fund as of 2026-04-30 · proxy as of 2026-03-31
Declared-benchmark active share73.8%Russell 3000® Index · benchmark mismatch · fund as of 2026-04-30 · proxy as of 2026-03-31 · declared source as of 2025-10-31
FMSTX expense ratio0.77%SEC expense filing · as of 2025-10-31
FMSTX fee per active unit1.19%expense as of 2025-10-31; fund as of 2026-04-30; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
FMSTX0.77% · SEC expense filing · as of 2025-10-31$11,404$35,815$84,398
FSTKX0.99% · SEC expense filing · as of 2025-10-31$14,568$45,291$105,684
FSTLX0.70% · SEC expense filing · as of 2025-10-31$10,384$32,719$77,347
FSTRX0.99% · SEC expense filing · as of 2025-10-31$14,568$45,291$105,684
QCLVX1.81% · SEC expense filing · as of 2025-10-31$25,843$77,432$174,437
QRLVX1.44% · SEC expense filing · as of 2025-10-31$20,855$63,526$145,359

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWD adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
FMSTXFiled fee as of 2025-10-31$19,474Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$68,978Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window
FSTKXFiled fee as of 2025-10-31$24,890Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$87,285Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window
FSTLXFiled fee as of 2025-10-31$17,730Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$63,002Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window
FSTRXFiled fee as of 2025-10-31$24,890Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$87,285Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window
QCLVXFiled fee as of 2025-10-31$44,243Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$149,581Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window
QRLVXFiled fee as of 2025-10-31$35,671Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 11.41% annualized
$122,589Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.68% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. FMSTX SEC expense filing, as of 2025-10-31. Methodology.

SEC-convention illustration for FMSTX; expense ratio filed as of 2025-10-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$229,010
Difference attributed to fee drag$35,815

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IWD

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

BERKSHIRE HATHAWAY INC.-2.74%
The Travelers Companies, Inc.+2.53%
The Bank of New York Mellon Corporation+1.97%
HoldingFundIWDDifference
BERKSHIRE HATHAWAY INC.0.18%2.92%-2.74%
The Travelers Companies, Inc.2.74%0.21%+2.53%
FISERV, INC.2.55%0.07%+2.48%
The Bank of New York Mellon Corporation2.22%0.25%+1.97%
GE VERNOVA INC1.79%0.00%+1.79%
ALPHABET INC.5.24%3.55%+1.69%
CELANESE CORPORATION1.67%0.02%+1.65%
TERADYNE, INC.1.75%0.15%+1.60%
ADVANCE AUTO PARTS INC1.57%0.00%+1.57%
STATE STREET CORPORATION1.58%0.12%+1.46%

Source and verification

SEC N-PORT filing · filed 2026-06-23 · period 2026-04-30

SEC expense filing · period 2025-10-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Federated Hermes MDT Large Cap Value Fund — best-fit active share,” 64.9% versus IWD, fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/fmstx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

FMSTX filed expense ratio

Sensible Investor, “Federated Hermes MDT Large Cap Value Fund — filed expense ratio,” 0.77% for FMSTX, as of 2025-10-31. https://sensible-investor.com/registry/fmstx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

FMSTX fee per active unit

Sensible Investor, “Federated Hermes MDT Large Cap Value Fund — fee per unit of active management,” 1.19% using the FMSTX expense ratio as of 2025-10-31 and fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/fmstx/as-of/363649da-fcfb-4007-87ef-de06de7710ca