Federated Hermes Max-Cap Index Fund Institutional Shares

Frequently Asked Questions About FISPX

What does FISPX invest in?

This fund primarily concentrates its investments in the common stocks that constitute the Standard & Poor's 500 Index. Additionally, it possesses the discretion to utilize derivative instruments, including but not limited to futures agreements, to fulfill its strategic investment objectives.

What is the expense ratio of FISPX?

Federated Hermes Max-Cap Index Fund Institutional Shares (FISPX) charges an expense ratio of 0.37%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FISPX?

Federated Hermes Max-Cap Index Fund Institutional Shares (FISPX) manages $283.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FISPX actively managed or an index fund?

FISPX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FISPX's is 0.37%) because there's no security selection cost.

When was FISPX launched?

Federated Hermes Max-Cap Index Fund Institutional Shares (FISPX) launched in July 1990 and is managed by Federated Hermes.

How has FISPX performed?

FISPX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.