QISGX Fees and Costs — Federated Hermes MDT Small Cap Growth Fund, Institutional Shares
Data updated: 2026-10-09
The net expense ratio is 0.89%: a 0.80% management fee plus 0.29% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $614K in broker commissions, 0.0947% of average net assets, and portfolio turnover was 92%.
QISGX Fees and Expenses
Annual operating expenses and sales charges of QISGX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
QISGX Costs Over Time
On $10,000 invested in QISGX, assuming 5% a year before costs, total costs come to $616 over 5 years, cutting the return by 1.03% 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 0.89%) | $93 | $292 | $506 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $339 | $616 |
| Value after costs | $10,397 | $11,238 | $12,147 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
QISGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0947%
- Total broker commissions: $614K
- Bought from dealers (principal trades, not a cost): $468.9M
- Portfolio turnover (prospectus): 92%
QISGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $179K | 24.19% |
| Citigroup Global Markets Inc. | $125K | 16.87% |
| Nomura Securities International, Inc. | $118K | 15.86% |
| JonesTrading | $102K | 13.77% |
| Goldman Sachs & Co. LLC | $99K | 13.35% |
| Virtu Americas LLC | $87K | 11.75% |
| Tigress Financial Partners, LLC | $31K | 4.20% |
QISGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $152.6M | 74.30% |
| Federated Securities Corp. | $52.8M | 25.70% |
Federated Hermes MDT Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| QLSGX | Class R6 | 0.88% | none |
| QISGX | Institutional Shares | 0.89% | none |
| QASGX | Class A | 1.14% | 5.50% |
| QCSGX | Class C | 2.02% | 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.