C000219576 Fees and Costs — Federated Hermes U.S. SMID Fund
Data updated: 2026-09-10
The net expense ratio is 1.83%: a 0.75% management fee, a 0.75% 12b-1 fee plus 5.74% other expenses, less a 5.41% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $2K in broker commissions, 0.0372% of average net assets, and portfolio turnover was 22%.
C000219576 Fees and Expenses
Annual operating expenses and sales charges of C000219576. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.75% |
| Other expenses | 5.74% |
| Gross expense ratio | 7.24% |
| Fee waiver | −5.41% |
| Net expense ratio | 1.83% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000219576 Costs Over Time
On $10,000 invested in C000219576, assuming 5% a year before costs, total costs come to $1,148 over 5 years, cutting the return by 1.96% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.83%) | $192 | $594 | $1,021 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $30 | $106 |
| Total costs | $299 | $636 | $1,148 |
| Value after costs | $10,201 | $10,940 | $11,615 |
| Impact on return, per year | 2.99% | 1.96% | 1.96% |
C000219576 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0372%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
C000219576 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $556 | 31.19% |
| VIRTU ITG LLC | $440 | 24.70% |
| Stifel, Nicolaus & Company, Incorporated | $267 | 15.01% |
| Berenberg Capital Markets LLC | $224 | 12.54% |
| BMO Capital Markets Corp. | $128 | 7.16% |
| Jefferies LLC | $57 | 3.22% |
| VIRTU Americas LLC | $44 | 2.48% |
| Instinet, LLC | $43 | 2.44% |
| Credit Agricole Securities (USA) Inc. | $16 | 0.88% |
| RBC Capital Markets, LLC | $7 | 0.39% |
Federated Hermes U.S. SMID Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FHUMX | Institutional Shares | 0.83% | none |
| C000219576 | C000219576 | 1.83% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.