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Federated Hermes Mid-Cap Index Fund
mutual fund
FMCLX
Payout Change
Pending
Price as of:
$15.45
+0.1
+0.65%
primary theme
U.S. Mid-Cap Blend Equity
share class
FMCLX (Mutual Fund)
Federated Hermes Mid-Cap Index Fund
Payout Change
Pending
Price as of:
$15.45
+0.1
+0.65%
primary theme
U.S. Mid-Cap Blend Equity
share class
FMCLX (Mutual Fund)
Federated Hermes Mid-Cap Index Fund
Payout Change
Pending
Price as of:
$15.45
+0.1
+0.65%
primary theme
U.S. Mid-Cap Blend Equity
share class
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.3%
1 yr return
13.5%
3 Yr Avg Return
5.8%
5 Yr Avg Return
10.1%
Net Assets
$301 M
Holdings in Top 10
8.9%
52 WEEK LOW AND HIGH
$15.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FMCLX - Profile
Distributions
- YTD Total Return 13.3%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 10.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.96%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFederated Hermes Mid-Cap Index Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateOct 21, 2016
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerIan Miller
Fund Description
The Fund normally invests its assets primarily in common stocks included in the Standard & Poor’s MidCap 400 Index (“Index”). The Index is a broad-based market capitalization-weighted index of common stocks representing all major industries in the mid-range of the U.S. stock market. Under normal circumstances, Federated Equity Management Company of Pennsylvania (the “Manager” or “Adviser”) will also use enhanced management techniques as further described in the Prospectus in an attempt to improve the performance of the Fund’s portfolio relative to the Index to compensate for Fund expenses and tracking error. The Manager’s principal enhanced management technique will be to over or underweight positions in securities within the Index based upon the Manager’s quantitative analysis of the securities. The Fund may invest in derivative contracts (such as, for example, futures contracts) to implement its investment strategies. The Fund may use derivative contracts to increase or decrease the portfolio’s exposure to the investment(s) underlying the derivative contracts in an attempt to benefit from changes in the value of the underlying investment(s), to realize gains from trading a derivative contract or to hedge against potential losses. There can be no assurances that the Fund’s use of derivative contracts will work as intended. Derivative investments made by the Fund are included within the Fund’s 80% policy (as described below) and are calculated at market value.The Fund will invest its net assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in Index investments. The Fund will notify shareholders of any changes in its investment policies that would enable the Fund to normally invest less than 80% of its net assets (plus any borrowings for investment purposes) in Index investments.The Fund’s Manager has received an exemptive order from the SEC to permit the Trust and the Board of Trustees (the “Board”) to appoint and replace subadvisers for the Fund and to enter into and amend the Fund’s subadvisory agreements without further shareholder approval.
Read More
FMCLX - Performance
Return Ranking - Trailing
| Period | FMCLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -9.4% | 36.8% | 56.66% |
| 1 Yr | 13.5% | -5.2% | 37.0% | 66.57% |
| 3 Yr | 5.8%* | -17.3% | 25.4% | 43.39% |
| 5 Yr | 10.1%* | -1.5% | 23.6% | 33.54% |
| 10 Yr | N/A* | 2.4% | 12.9% | 40.41% |
* Annualized
Return Ranking - Calendar
| Period | FMCLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.9% | -12.9% | 28.8% | 92.35% |
| 2022 | -23.1% | -52.6% | 20.1% | 77.14% |
| 2021 | 1.4% | -43.8% | 32.4% | 89.80% |
| 2020 | -2.8% | -10.6% | 82.1% | 95.47% |
| 2019 | 13.0% | -8.5% | 37.5% | 86.86% |
Total Return Ranking - Trailing
| Period | FMCLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -9.4% | 36.8% | 56.66% |
| 1 Yr | 13.5% | -5.2% | 37.0% | 66.57% |
| 3 Yr | 5.8%* | -17.3% | 25.4% | 43.39% |
| 5 Yr | 10.1%* | -1.5% | 23.6% | 33.54% |
| 10 Yr | N/A* | 2.4% | 12.9% | 39.18% |
* Annualized
Total Return Ranking - Calendar
| Period | FMCLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.7% | 1.2% | 31.3% | 37.11% |
| 2022 | -13.4% | -45.7% | 21.1% | 34.86% |
| 2021 | 25.0% | -30.2% | 52.8% | 41.69% |
| 2020 | 13.3% | -8.4% | 84.3% | 44.41% |
| 2019 | 25.7% | 1.0% | 43.4% | 71.47% |
NAV & Total Return History
FMCLX - Holdings
Concentration Analysis
| FMCLX | Category Low | Category High | FMCLX % Rank | |
|---|---|---|---|---|
| Net Assets | 301 M | 728 K | 175 B | 61.41% |
| Number of Holdings | 404 | 1 | 2780 | 16.34% |
| Net Assets in Top 10 | 27.3 M | 402 K | 15.4 B | 76.90% |
| Weighting of Top 10 | 8.86% | 0.5% | 100.0% | 82.49% |
Top 10 Holdings
- Federated Hermes Government Obligations Fund 2.98%
- Williams-Sonoma Inc 0.73%
- Carlisle Cos Inc 0.72%
- Illumina Inc 0.68%
- Pure Storage Inc 0.67%
- EMCOR Group Inc 0.65%
- Lennox International Inc 0.63%
- Avantor Inc 0.62%
- Owens Corning 0.60%
- Reliance Steel Aluminum Co 0.59%
Asset Allocation
| Weighting | Return Low | Return High | FMCLX % Rank | |
|---|---|---|---|---|
| Stocks | 96.88% | 0.85% | 100.25% | 77.46% |
| Cash | 2.99% | 0.00% | 99.04% | 27.32% |
| Other | 0.13% | 0.00% | 38.10% | 17.75% |
| Preferred Stocks | 0.00% | 0.00% | 11.12% | 7.61% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 7.61% |
| Bonds | 0.00% | 0.00% | 72.71% | 14.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FMCLX % Rank | |
|---|---|---|---|---|
| Industrials | 18.28% | 0.00% | 45.89% | 26.84% |
| Technology | 14.62% | 0.00% | 40.65% | 61.86% |
| Consumer Cyclical | 14.40% | 2.49% | 46.48% | 30.79% |
| Financial Services | 14.31% | 0.00% | 46.10% | 44.35% |
| Real Estate | 9.97% | 0.00% | 25.82% | 17.51% |
| Healthcare | 9.61% | 0.00% | 24.06% | 57.34% |
| Basic Materials | 6.38% | 0.00% | 16.35% | 32.49% |
| Energy | 4.21% | 0.00% | 58.13% | 62.99% |
| Consumer Defense | 3.64% | 0.00% | 32.18% | 71.47% |
| Utilities | 2.93% | 0.00% | 18.97% | 62.71% |
| Communication Services | 1.65% | 0.00% | 30.98% | 62.71% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FMCLX % Rank | |
|---|---|---|---|---|
| US | 96.88% | 0.85% | 100.25% | 74.37% |
| Non US | 0.00% | 0.00% | 10.11% | 21.41% |
FMCLX - Expenses
Operational Fees
| FMCLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | 19.40% | 83.57% |
| Management Fee | 0.30% | 0.00% | 1.50% | 18.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| FMCLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| FMCLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FMCLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 304.00% | 36.39% |
FMCLX - Distributions
Dividend Yield Analysis
| FMCLX | Category Low | Category High | FMCLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.37% | 0.00% | 29.78% | 44.23% |
Dividend Distribution Analysis
| FMCLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| FMCLX | Category Low | Category High | FMCLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.96% | -2.06% | 3.38% | 20.11% |
Capital Gain Distribution Analysis
| FMCLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.321 | CapitalGainShortTerm |
| Dec 12, 2024 | $1.928 | CapitalGainLongTerm |
| Sep 16, 2024 | $0.053 | OrdinaryDividend |
| Mar 15, 2024 | $0.054 | OrdinaryDividend |
| Dec 15, 2023 | $0.081 | OrdinaryDividend |
| Dec 12, 2023 | $1.619 | CapitalGainLongTerm |
| Sep 15, 2023 | $0.052 | OrdinaryDividend |
| Jun 15, 2023 | $0.024 | OrdinaryDividend |
| Mar 15, 2023 | $0.054 | OrdinaryDividend |
| Dec 19, 2022 | $0.099 | OrdinaryDividend |
| Dec 07, 2022 | $1.712 | OrdinaryDividend |
| Sep 26, 2022 | $0.037 | OrdinaryDividend |
| Jun 24, 2022 | $0.033 | OrdinaryDividend |
| Mar 24, 2022 | $0.043 | OrdinaryDividend |
| Dec 20, 2021 | $0.086 | OrdinaryDividend |
| Dec 06, 2021 | $4.217 | OrdinaryDividend |
| Sep 24, 2021 | $0.030 | OrdinaryDividend |
| Jun 24, 2021 | $0.031 | OrdinaryDividend |
| Mar 24, 2021 | $0.043 | OrdinaryDividend |
| Dec 18, 2020 | $0.076 | OrdinaryDividend |
| Dec 04, 2020 | $2.862 | OrdinaryDividend |
| Sep 24, 2020 | $0.018 | OrdinaryDividend |
| Jun 24, 2020 | $0.038 | OrdinaryDividend |
| Mar 24, 2020 | $0.066 | OrdinaryDividend |
| Dec 18, 2019 | $0.096 | OrdinaryDividend |
| Dec 05, 2019 | $1.880 | CapitalGainLongTerm |
| Sep 24, 2019 | $0.058 | OrdinaryDividend |
| Jun 24, 2019 | $0.060 | OrdinaryDividend |
| Mar 25, 2019 | $0.061 | OrdinaryDividend |
| Dec 18, 2018 | $0.095 | OrdinaryDividend |
| Dec 06, 2018 | $0.220 | CapitalGainShortTerm |
| Dec 06, 2018 | $4.143 | CapitalGainLongTerm |
| Sep 24, 2018 | $0.072 | OrdinaryDividend |
| Jun 25, 2018 | $0.066 | OrdinaryDividend |
| Mar 26, 2018 | $0.065 | OrdinaryDividend |
| Dec 18, 2017 | $0.106 | OrdinaryDividend |
| Dec 05, 2017 | $0.257 | CapitalGainShortTerm |
| Dec 05, 2017 | $3.808 | CapitalGainLongTerm |
| Sep 25, 2017 | $0.049 | OrdinaryDividend |
| Jun 26, 2017 | $0.042 | OrdinaryDividend |
| Mar 24, 2017 | $0.067 | OrdinaryDividend |
| Dec 19, 2016 | $0.119 | OrdinaryDividend |
| Dec 05, 2016 | $2.576 | CapitalGainLongTerm |
FMCLX - Fund Manager Analysis
Managers
Ian Miller
Start Date
Tenure
Tenure Rank
Jul 01, 2012
9.92
9.9%
Mr. Miller joined Federated in January 2006 as a Quantitative Analyst. ; has worked in investment management since 2006; and has managed investment portfolios since 2012. Miller earned a B.S. in Molecular Biology from Clarion University and an M.S. in Biotechnology from The John Hopkins University.
Damian McIntyre
Start Date
Tenure
Tenure Rank
Dec 31, 2016
5.42
5.4%
Damian M. McIntyre, CFA , FRM and CAIA, Portfolio Manager, has been the Fund’s portfolio manager since January 2017 and served as associate portfolio manager since April 2015. Mr. McIntyre joined Federated in 2008 as an Associate Quantitative Analyst and has been responsible for assisting with the investment process in the Global Equity Area, focusing on Managed Risk strategies. Mr. McIntyre received his B.S., Computational Finance, and an M.B.A. with a concentration in Finance, Economics and Strategy from Carnegie Mellon University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 38.44 | 7.3 | 5.78 |
