Federated Hermes U.S. SMID Fund
Data updated: 2026-08-25
C000219575 — Federated Hermes U.S. SMID Fund. United States Mid Cap Blend / Core Industrials Equity · $5.46M AUM. Holdings, fees, performance and SEC filings.
C000219575 Fund Overview
Federated Hermes U.S. SMID Fund is a US mutual fund managed by Federated Hermes Adviser Series, categorised as United States Mid Cap Blend / Core Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Federated Hermes Adviser Series
- Category: United States Mid Cap Blend / Core Industrials Equity
- Assets under management: $5.46M
- 1-year return: 0.0%
- SEC CIK: 0001707560
- SEC series ID: S000068640
- Share class ID: C000219575
C000219575 Investment Objective and Strategy
Federated Hermes U.S. SMID Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Federated Hermes Adviser Series.
Investment objective
The Funds investment objective is to provide long-term capital appreciation. The objective may be changed by the Funds Board of Trustees (the Trustees) without shareholder approval.
Principal investment strategy
The Fund pursues its objective by investing primarily in equity and/or equity-related securities of small- and mid-capitalization companies that are quoted or traded on regulated markets worldwide (primarily in the U.S. or Canada) as well as component securities of the Russell 2500 Index. The Fund will invest in both growth- and value-oriented securities. As of September 30, 2025, the capitalization of companies included in the Russell 2500 Index ranged from approximately $23.6 million to $32.5 billion. The Fund will seek to invest in a diversified portfolio of equity securities (such as common and/or preferred stock) and/or equity-related instruments (such as Global Depositary Receipts and American Depositary Receipts) of, or relating to, companies domiciled in the U.S., or companies that derive a large proportion of their income from U.S.
activities. The Funds investment adviser or sub-adviser (as applicable, the Adviser) will seek to identify companies that, in its view, provide the potential for long-term capital appreciation through a fundamental analysis of relevant companies, seeking to identify high-quality companies that are undervalued and/or demonstrate attractive growth characteristics. This is done in order to ascertain whether the companies may provide the potential for long-term capital appreciation notwithstanding that equities of such companies may, at the time of purchase, be undervalued. The Adviser will not, save in relation to the capitalization of companies that may be invested in, be subject to any limitation on the types of companies in which it may invest (either in terms of industry or focus). The Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.
As part of the strategys assessment of quality and its approach to risk management, risks associated with a companys approach to environmental, social and governance (ESG) issues, among other factors, are actively assessed for pecuniary relevance. The Advisers assessment of ESG factors is only one component of its evaluation of eligible investments and is generally no more significant than its assessment of other factors. In making its investment decisions, the Adviser endeavors to consider ESG issues judged to have pecuniary relevance, as a component of its quality assessment, with regards to the holding of either individual securities or various categories or classes of securities. The Fund may also invest in and/or gain exposure to securities of other investment companies and money market funds including funds advised by the Funds Adviser or its affiliates.
The Fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity securities of small- to mid-capitalization (SMID) companies. The Fund will notify shareholders at least 60 days in advance of any change in this investment policy that would permit the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in investments in equity securities of SMID companies. For purposes of this limitation, small- to mid-capitalization companies will normally be defined as companies with market capitalizations similar to the constituents of the Funds benchmark, the Russell 2500 Index. Such definition will be applied at the time of investment and the Adviser will not be required to sell a stock because a companys market capitalization has grown larger than the range of small- to mid-capitalization stocks in the Russell 2500 Index.
C000219575 Holdings
Top 10 holdings of Federated Hermes U.S. SMID Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Axon Enterprise, Inc. | 3.39% |
| Nvent Electric PLC | 3.21% |
| West Pharmaceutical Services, Inc. | 3.13% |
| Community Financial System, Inc. | 3.02% |
| Woodward, Inc. | 2.82% |
| Esco Technologies, Inc. | 2.72% |
| Crane Company | 2.65% |
| Wintrust Financial Corp. | 2.60% |
| Littelfuse, Inc. | 2.46% |
| Oceaneering International, Inc. | 2.40% |
C000219575 Portfolio Allocation
Asset-class allocation of Federated Hermes U.S. SMID Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
C000219575 Performance
Total returns for C000219575 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | 0.0% |
C000219575 Risk Information
Risk metrics for C000219575, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.0%
C000219575 Costs and Fees
C000219575 costs about $108 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.08%
- Gross expense ratio: 6.49%
- Portfolio turnover: 22%
- Brokerage commissions: 2.13 bps of average net assets (SEC N-CEN)
C000219575 Cashflows
Over the 12 months to 2026-06, Federated Hermes U.S. SMID Fund had net inflows of $364.82K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.37K |
| 2026-05 | $23.78K |
| 2026-04 | −$2.88K |
| 2026-03 | −$77 |
| 2026-02 | $49.68K |
| 2026-01 | $1.30K |
C000219575 Debt Constituents
No individual debt constituents are reported in Federated Hermes U.S. SMID Fund's latest SEC N-PORT filing.
C000219575 Prospectus and SEC Filings
Official Federated Hermes U.S. SMID Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-27
- Prospectus (485BPOS) — filed 2024-08-26
- Prospectus (485BPOS) — filed 2023-08-24
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2025-09-02
- Annual census (N-CEN) — filed 2024-09-03
Related Funds
Other United States Mid Cap Blend / Core Industrials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.