Registry rank 1376 · Portfolio as of 2026-04-30

Federated Hermes MDT All Cap Core Fund

QAACX · QCACX · QIACX · QKACX

Best-fit active share51.5%vs IVV · fund as of 2026-04-30 · proxy as of 2026-03-31
Declared-benchmark active share54.3%Russell 3000® Index · benchmark mismatch · fund as of 2026-04-30 · proxy as of 2026-03-31 · declared source as of 2025-07-31
QAACX expense ratio1.05%SEC expense filing · as of 2025-07-31
QAACX fee per active unit2.04%expense as of 2025-07-31; 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
QAACX1.05% · SEC expense filing · as of 2025-07-31$15,420$47,810$111,267
QCACX1.84% · SEC expense filing · as of 2025-07-31$26,240$78,519$176,665
QIACX0.75% · SEC expense filing · as of 2025-07-31$11,113$34,934$82,398
QKACX0.74% · SEC expense filing · as of 2025-07-31$10,967$34,493$81,393

Real trailing windows

Computed on licensed market-return history

Trailing windows use IVV 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
QAACXFiled fee as of 2025-07-31$34,758Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$142,657Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
QCACXFiled fee as of 2025-07-31$59,318Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$235,162Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
QIACXFiled fee as of 2025-07-31$25,022Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$104,086Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
QKACXFiled fee as of 2025-07-31$24,694Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$102,766Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% 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. QAACX SEC expense filing, as of 2025-07-31. Methodology.

SEC-convention illustration for QAACX; expense ratio filed as of 2025-07-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$217,015
Difference attributed to fee drag$47,810

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

Largest active differences vs IVV

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.

Travelers Cos., Inc. (The)+1.88%
Berkshire Hathaway, Inc.-1.57%
HoldingFundIVVDifference
Fiserv, Inc.2.71%0.05%+2.66%
GE Vernova, Inc.2.88%0.42%+2.46%
Microsoft Corp.2.69%4.92%-2.23%
Travelers Cos., Inc. (The)2.00%0.11%+1.88%
VIKING HOLDINGS LTD1.70%0.00%+1.70%
Amazon.com, Inc.2.01%3.64%-1.63%
Berkshire Hathaway, Inc.0.00%1.57%-1.57%
Teradyne, Inc.1.44%0.08%+1.36%
AbbVie, Inc.2.03%0.69%+1.35%
Broadcom, Inc.3.85%2.63%+1.22%

Source and verification

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

SEC expense filing · period 2025-07-31

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 All Cap Core Fund — best-fit active share,” 51.5% versus IVV, fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/qaacx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

QAACX filed expense ratio

Sensible Investor, “Federated Hermes MDT All Cap Core Fund — filed expense ratio,” 1.05% for QAACX, as of 2025-07-31. https://sensible-investor.com/registry/qaacx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

QAACX fee per active unit

Sensible Investor, “Federated Hermes MDT All Cap Core Fund — fee per unit of active management,” 2.04% using the QAACX expense ratio as of 2025-07-31 and fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/qaacx/as-of/363649da-fcfb-4007-87ef-de06de7710ca