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

Federated Hermes MDT Small Cap Core Fund

QASCX · QCSCX · QISCX · QLSCX

Best-fit active share72.6%vs IWM · fund as of 2026-04-30 · proxy as of 2026-03-31
Declared-benchmark active share72.6%Russell 2000® Index · benchmark match · fund as of 2026-04-30 · proxy as of 2026-03-31 · declared source as of 2025-07-31
QASCX expense ratio1.14%SEC expense filing · as of 2025-07-31
QASCX fee per active unit1.57%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
QASCX1.14% · SEC expense filing · as of 2025-07-31$16,691$51,537$119,467
QCSCX2.00% · SEC expense filing · as of 2025-07-31$28,343$84,214$188,235
QISCX0.89% · SEC expense filing · as of 2025-07-31$13,137$41,031$96,170
QLSCX0.88% · SEC expense filing · as of 2025-07-31$12,993$40,600$95,204

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWM 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
QASCXFiled fee as of 2025-07-31$26,523Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 10.52% annualized
$102,321Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.84% annualized
Proxy history begins 2000 — no full 30-year window
QCSCXFiled fee as of 2025-07-31$45,120Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 10.52% annualized
$167,626Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.84% annualized
Proxy history begins 2000 — no full 30-year window
QISCXFiled fee as of 2025-07-31$20,864Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 10.52% annualized
$81,400Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.84% annualized
Proxy history begins 2000 — no full 30-year window
QLSCXFiled fee as of 2025-07-31$20,636Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 10.52% annualized
$80,543Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 8.84% 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. QASCX SEC expense filing, as of 2025-07-31. Methodology.

SEC-convention illustration for QASCX; expense ratio filed as of 2025-07-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$213,288
Difference attributed to fee drag$51,537

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

Largest active differences vs IWM

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.

HoldingFundIWMDifference
American Healthcare REIT, Inc.2.36%0.29%+2.07%
Powell Industries, Inc.1.62%0.18%+1.44%
BrightSpring Health Services, Inc.1.46%0.19%+1.27%
Primoris Services Corp.1.53%0.26%+1.26%
MaxLinear, Inc.1.16%0.05%+1.11%
Mirum Pharmaceuticals, Inc.1.20%0.13%+1.07%
Sphere Entertainment Co.1.16%0.11%+1.05%
SPS Commerce, Inc.1.07%0.07%+1.00%
Jackson Financial, Inc.1.22%0.24%+0.99%
Bloom Energy Corp.2.00%1.01%+0.99%

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 Small Cap Core Fund — best-fit active share,” 72.6% versus IWM, fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/qascx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

QASCX filed expense ratio

Sensible Investor, “Federated Hermes MDT Small Cap Core Fund — filed expense ratio,” 1.14% for QASCX, as of 2025-07-31. https://sensible-investor.com/registry/qascx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

QASCX fee per active unit

Sensible Investor, “Federated Hermes MDT Small Cap Core Fund — fee per unit of active management,” 1.57% using the QASCX expense ratio as of 2025-07-31 and fund portfolio as of 2026-04-30. https://sensible-investor.com/registry/qascx/as-of/363649da-fcfb-4007-87ef-de06de7710ca