FMDCX Fees and Costs — Federated Hermes Mid-Cap Index Fund, Service Shares
Data updated: 2026-09-23
The net expense ratio is 0.57%: a 0.30% management fee plus 0.46% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 31%.
FMDCX Fees and Expenses
Annual operating expenses and sales charges of FMDCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
FMDCX Costs Over Time
On $10,000 invested in FMDCX, assuming 5% a year before costs, total costs come to $365 over 5 years, cutting the return by 0.61% 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 |
| Fund expenses (net expense ratio 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $365 |
| Value after costs | $10,439 | $11,377 | $12,398 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
FMDCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0080%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $158.4M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $6K (0.002% of average net assets)
FMDCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $15K | 65.35% |
| Barclays Capital Inc. | $6K | 28.02% |
| JonesTrading | $1K | 5.85% |
| Liquidnet, Inc. | $100 | 0.43% |
| Truist Securities, Inc. | $36 | 0.16% |
| Piper Sandler & Co. | $23 | 0.10% |
| Wedbush Securities Inc. | $21 | 0.09% |
FMDCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $110.8M | 69.94% |
| Barclays Capital Inc. | $45.3M | 28.61% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $661K | 0.42% |
| Goldman Sachs & Co. LLC | $457K | 0.29% |
| Citigroup Global Markets Inc. | $385K | 0.24% |
| J.P. Morgan Securities LLC | $317K | 0.20% |
| Morgan Stanley & Co. LLC | $235K | 0.15% |
| UBS Securities LLC | $147K | 0.09% |
| Keefe, Bruyette & Woods, Inc. | $59K | 0.04% |
| Jefferies LLC | $38K | 0.02% |
Federated Hermes Mid-Cap Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMCLX | Class R6 | 0.31% | none |
| FMCRX | Institutional Shares | 0.32% | none |
| FMDCX | Service Shares | 0.57% | 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.