FMXSX Fees and Costs — Federated Hermes Max-Cap Index Fund, Service Shares
Data updated: 2026-09-23
The net expense ratio is 0.67%: a 0.30% management fee, a 0.30% 12b-1 fee plus 0.52% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 31%.
FMXSX Fees and Expenses
Annual operating expenses and sales charges of FMXSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.67% |
| 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 |
FMXSX Costs Over Time
On $10,000 invested in FMXSX, assuming 5% a year before costs, total costs come to $425 over 5 years, cutting the return by 0.71% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $233 | $425 |
| Value after costs | $10,429 | $11,343 | $12,337 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
FMXSX 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): 0.0058%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $88.7M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $52K
- Net income from securities lending: $669 (0.000% of average net assets)
FMXSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $10K | 71.77% |
| Barclays Capital Inc. | $3K | 18.82% |
| JonesTrading | $1K | 8.24% |
| Liquidnet, Inc. | $84 | 0.62% |
| Truist Securities, Inc. | $30 | 0.22% |
| Piper Sandler & Co. | $20 | 0.14% |
| Wedbush Securities Inc. | $17 | 0.12% |
| UBS Securities LLC | $10 | 0.07% |
FMXSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $70.5M | 79.49% |
| Barclays Capital Inc. | $16.3M | 18.35% |
| Merrill Lynch, Pierce, Fenner, & Smith Incorporated | $561K | 0.63% |
| Goldman Sachs & Co. LLC | $372K | 0.42% |
| Citigroup Global Markets Inc. | $313K | 0.35% |
| J.P. Morgan Securities LLC | $270K | 0.31% |
| Morgan Stanley & Co. LLC | $194K | 0.22% |
| UBS Securities LLC | $126K | 0.14% |
| Keefe, Bruyette & Woods, Inc. | $48K | 0.05% |
| Jefferies LLC | $32K | 0.04% |
Federated Hermes Max-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 |
|---|---|---|---|
| FISPX | Institutional Shares | 0.37% | none |
| FMXSX | Service Shares | 0.67% | none |
| FMXKX | Class R | 1.12% | none |
| MXCCX | Class C | 1.45% | 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.