# Federated Hermes MDT Large Cap Value Fund (FMSTX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fmstx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Federated Hermes · Asset class: Equity - Strategy: Actively Managed · Inception: 2010-01-29 This fund primarily invests in the equity of sizable American corporations deemed undervalued relative to market peers. Its investment manager employs a large-cap value methodology, predominantly selecting holdings from companies featured in the Russell 1000® Value Index. Shareholders will receive at least 60 days' advance notice from the adviser if any policy changes would allow the fund to regularly allocate less than 80% of its net assets (including any borrowed capital for investment purposes) to large-capitalization holdings. ## Key Facts | Metric | Value | |---|---| | Price | $42.43 | | Expense Ratio | 0.77% | | AUM (All Share Classes) | $1.97B | | NAV | $42.43 | | Holdings Count | — | | Distribution Yield (TTM) | 5.15% | | Annual Distribution (TTM) | $2.19 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $34.26 – $42.69 | | Beta | 0.80 | ## Latest Distribution - Amount: $0.0494 /share - Ex-date: 2026-09-16 - Pay date: 2026-09-17 ## Frequently Asked Questions ### What does FMSTX invest in? This fund primarily invests in the equity of sizable American corporations deemed undervalued relative to market peers. Its investment manager employs a large-cap value methodology, predominantly selecting holdings from companies featured in the Russell 1000® Value Index. Shareholders will receive at least 60 days' advance notice from the adviser if any policy changes would allow the fund to regularly allocate less than 80% of its net assets (including any borrowed capital for investment purposes) to large-capitalization holdings. ### What is the expense ratio of FMSTX? Federated Hermes MDT Large Cap Value Fund (FMSTX) charges an expense ratio of 0.77%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FMSTX? Federated Hermes MDT Large Cap Value Fund (FMSTX) is one share class of a fund that manages $1.97B across all of its share classes (FSTKX, FSTLX, FSTRX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FMSTX actively managed or an index fund? FMSTX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FMSTX's is 0.77%) in exchange for the discretion to over- or under-weight positions. ### When was FMSTX launched? Federated Hermes MDT Large Cap Value Fund (FMSTX) launched in January 2010 and is managed by Federated Hermes. ### How has FMSTX performed? FMSTX'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. ### Does FMSTX pay a dividend? Federated Hermes MDT Large Cap Value Fund (FMSTX) currently distributes little or no income. Trailing-twelve-month yield is 5.15%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FMSTX pay dividends? Federated Hermes MDT Large Cap Value Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FMSTX's dividend yield? FMSTX's trailing-twelve-month yield is 5.15%, calculated from the sum of dividends over the past year divided by the current price. ### When is FMSTX's next ex-dividend date? The most recently announced ex-dividend date for FMSTX was 2026-09-16. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FMSTX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.77% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FMSTX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FMSTX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FMSTX cost more than a fund like VOO? FMSTX is actively managed (current expense ratio 0.77%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FMSTX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FMSTX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FMSTX (0.77%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fmstx - Distribution history: https://www.dividenddata.com/funds/fmstx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fmstx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fmstx/expenses - Peer comparison: https://www.dividenddata.com/funds/fmstx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.