Fund Evaluator:

Federated Hermes MDT Large Cap Value C Overview

Federated Hermes MDT Large Cap Value C (QCLVX) is an actively managed U.S. Equity Large Value fund. Federated launched the fund in 2017.

The investment seeks to provide growth of income and capital. The fund invests primarily in the common stock of large-cap U.S. companies undervalued relative to the market. Its investment adviser's investment strategy utilizes a large-cap value approach by selecting most of its investments from companies listed in the Russell 1000® Value Index. The adviser will notify shareholders at least 60 days in advance of any change in its investment policies that would enable the fund to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in large-cap investments.

About Federated Hermes MDT Large Cap Value C (QCLVX)

There are 4 members of the management team with an average tenure of 13.63 years: Frederick Konopka (2009), Daniel Mahr (2009), John Lewicke (2014), Damien Zhang (2018). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Federated Hermes MDT Large Cap Value C has 126 securities in its portfolio. The top 10 holdings constitute 23.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Federated Hermes MDT Large Cap Value C is part of the Equity global asset class and is within the U.S. Equity fund group. Federated Hermes MDT Large Cap Value C has 1.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.9%. There is 1.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Federated Hermes MDT Large Cap Value C has 2.1% of the portfolio in cash.

Assets Under Management

The fund has $34 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

QCLVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Federated Hermes MDT Large Cap Value C expense ratio is high compared to funds in the Large Value category. Federated Hermes MDT Large Cap Value C has an expense ratio of 1.81%, which is 96% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Federated Hermes MDT Large Cap Value C has a portfolio turnover rate of 61%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, Federated Hermes MDT Large Cap Value C returned 5.0%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Federated Hermes MDT Large Cap Value C has a trailing yield of 0.03%, which is below the 1.20% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Federated Hermes MDT Large Cap Value C Grades

Year to date, the fund has returned 19.5%, 5.3 percentage points better than the category, which translates into a grade of A. The fund has returned 28.5% over the past year (grade of B), 21.5% over the past three years (grade of A) and 14.3% per year over the past five years (grade of A) and 12.6% per year over the past 10 years (grade of A).

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