FPA SmartBrief

Our large cap funds didn't just have a good year. They had a good decade

Created for np3kckdy@niepodam.pl | Web Version

This is a paid advertisement for SmartBrief readers.

The content does not necessarily reflect the view of SmartBrief or its Association partners.

Top quartile performance vs. peers over the last 1, 3, 5 and 10 years**

+3.48% average benchmark outperformance over the last 1, 3, 5 and 10 years**

Federated Hermes
mutual fund

Ticker

Annualized total returns (%)
1 year	3 year	5 year	10 year

Morningstar % rank/# of funds in category
1 year	3 year	5 year	10 year

Expense ratio*
Gross	Net

MDT All Cap Core

**IS Shares

QIACX

22.23

24.05

19.75

14.57

0.93

0.75

A Shares (MOP)

QAACX

15.15

21.37

18.05

13.58

1.19

1.05

Benchmark: Russell 3000^®

15.30

19.08

15.96

12.96

US Fund Large Blend

13.30

17.55

15.14

12.05

1,354

1,265

1,161

894

MDT Large Cap Growth

**IS Shares

QILGX

19.30

28.00

20.14

16.88

0.89

0.75

A Shares (MOP)

QALGX

12.45

25.28

18.48

15.92

1.13

1.00

Benchmark: Russell
1000^® Growth

17.22

25.76

18.15

17.01

US Fund Large Growth

16.92

23.35

14.79

14.30

1,084

1,033

954

754

MDT Large Cap Value

**IS Shares

FMSTX

21.09

18.42

17.67

10.65

0.91

0.77

A Shares (MOP)

FSTRX

14.16

15.95

16.08

9.78

1.16

0.99

Benchmark: Russell
1000^® Value

13.70

12.76

13.93

9.19

US Fund Large Value

12.27

12.73

14.03

9.37

1,140

1,088

1,023

821

As of 6/30/25. Morningstar peer group performance and percentile rankings uses each fund's current Morningstar Category. Source: Morningstar, Inc. Rankings are based on total return and do not consider sales charges. Returns are for Institutional and A Shares. Other classes of shares are available whose performance will vary due to different charges and expenses. Returns for periods longer than one year are annualized. Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than what is stated. To view performance current to the most recent month-end, and for after-tax returns, contact us or visit FederatedHermes.com/us. Maximum offering price figures reflect the maximum sales charge of 5.5% for A Shares. See the prospectus for other fees and expenses that apply to a continued investment in the fund.

Federated Hermes MDT Advisers is an experienced quantitative equity asset manager offering outperformance-seeking strategies across market cap and style segments. MDT strategies are available as mutual funds, CITs, SMAs and our new ETFs listed below: