FSTRX Fees and Costs — Federated Hermes MDT Large Cap Value Fund, Class A
Data updated: 2026-09-23
The net expense ratio is 0.99%: a 0.65% management fee plus 0.47% other expenses, less a 0.13% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $276K in broker commissions, 0.0170% of average net assets, and portfolio turnover was 61%.
FSTRX Fees and Expenses
Annual operating expenses and sales charges of FSTRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
FSTRX Costs Over Time
On $10,000 invested in FSTRX, assuming 5% a year before costs, total costs come to $1,297 over 5 years, cutting the return by 2.23% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 0.99%) | $98 | $306 | $531 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $27 | $102 | $207 |
| Total costs | $677 | $964 | $1,297 |
| Value after costs | $9,823 | $10,612 | $11,466 |
| Impact on return, per year | 6.77% | 3.00% | 2.23% |
FSTRX 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): 0.0170%
- Total broker commissions: $276K
- Bought from dealers (principal trades, not a cost): $820.9M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $410K
- Net income from securities lending: $2K (0.000% of average net assets)
FSTRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $67K | 24.41% |
| Citigroup Global Markets Inc. | $40K | 14.35% |
| Instinet, LLC | $39K | 14.19% |
| Tigress Financial Partners, LLC | $34K | 12.31% |
| VIRTU Americas LLC | $31K | 11.21% |
| JonesTrading | $28K | 10.15% |
| Goldman Sachs & Co. LLC | $28K | 10.08% |
| BTIG, LLC | $9K | 3.30% |
FSTRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federated Securities Corp. | $819.4M | 99.82% |
| BNY Mellon Capital Markets, LLC | $1.5M | 0.18% |
Federated Hermes MDT Large Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FSTLX | Class R6 | 0.70% | none |
| FMSTX | Institutional Shares | 0.77% | none |
| FSTKX | Service Shares | 0.99% | none |
| FSTRX | Class A | 0.99% | 5.50% |
| QRLVX | Class R | 1.44% | none |
| QCLVX | Class C | 1.81% | 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.