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Federated Hermes U.S. SMID Fund
mutual fund
FHUMX
Payout Change
Pending
Price as of:
$17.56
+0.05
+0.29%
primary theme
U.S. Mid-Cap Blend Equity
share class
FHUMX (Mutual Fund)
Federated Hermes U.S. SMID Fund
Payout Change
Pending
Price as of:
$17.56
+0.05
+0.29%
primary theme
U.S. Mid-Cap Blend Equity
share class
FHUMX (Mutual Fund)
Federated Hermes U.S. SMID Fund
Payout Change
Pending
Price as of:
$17.56
+0.05
+0.29%
primary theme
U.S. Mid-Cap Blend Equity
share class
Name
As of 12/03/2024Price
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
23.5%
1 yr return
30.9%
3 Yr Avg Return
9.9%
5 Yr Avg Return
N/A
Net Assets
$4.18 M
Holdings in Top 10
29.9%
52 WEEK LOW AND HIGH
$17.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 6.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
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
FHUMX - Profile
Distributions
- YTD Total Return 23.5%
- 3 Yr Annualized Total Return 9.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.01%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFederated Hermes U.S. SMID Fund
-
Fund Family NameFederated Hermes Funds
-
Inception DateJul 06, 2020
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Sherlock
Fund Description
The Fund pursues its objective by investing primarily in equity and/or equity-related securities of small- and mid-capitalization companies that are quoted or traded on regulated markets worldwide (primarily in the U.S. or Canada) as well as component securities of the Russell 2500 Index. The Fund will invest in both growth- and value-oriented securities. As of June 30, 2024, the capitalization of companies included in the Russell 2500 Index ranged from approximately $7.1 million to $47.9 billion. The Fund will seek to invest in a diversified portfolio of equity securities (such as common and/or preferred stock) and/or equity-related instruments (such as Global Depositary Receipts and American Depositary Receipts) of, or relating to, companies domiciled in the U.S., or companies that derive a large proportion of their income from U.S. activities.The Fund’s investment adviser or sub-adviser (as applicable, the “Adviser”) will seek to identify companies that, in its view, provide the potential for long-term capital appreciation through a fundamental analysis of relevant companies, seeking to identify companies that are undervalued and/or demonstrate attractive growth characteristics. This is done in order to ascertain whether the companies may provide the potential for long-term capital appreciation notwithstanding that equities of such companies may, at the time of purchase, be undervalued. The Adviser will not, save in relation to the capitalization of companies that may be invested in, be subject to any limitation on the types of companies in which it may invest (either in terms of industry or focus). The Fund may, from time to time, have larger allocations to certain broad market sectors in attempting to achieve its investment objective.As part of the strategy’s assessment of quality and its approach to risk management, risks associated with a company’s approach to environmental, social and governance (ESG) issues, among other factors, are actively assessed. The Adviser considers data on the Sub-Adviser’s proprietary ESG Dashboard, which contains a wide range of ESG factors and ranks companies on their behaviors versus peers. In making its investment decisions, the Adviser will seek to consider ESG issues with regards to the holding of either individual securities or various categories or classes of securities. These ESG considerations are intended to provide guidance on achieving best practice standards of corporate governance and equity stewardship in order to make informed investment decisions.The Fund may also invest in and/or gain exposure to securities of other investment companies and money market funds including funds advised by the Fund’s Adviser or its affiliates.The Fund will invest its assets so that, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) are invested in equity securities of small- to mid-capitalization (SMID) companies. The Fund will notify shareholders at least 60 days in advance of any change in its investment policy that would permit the Fund to invest, under normal circumstances, less than 80% of its net assets (plus any borrowings for investment purposes) in investments in equity securities of SMID companies. For purposes of this limitation, small- to mid-capitalization companies will normally be defined as companies with market capitalizations similar to the constituents of the Fund’s benchmark, the Russell 2500 Index. Such definition will be applied at the time of investment and the Adviser will not be required to sell a stock because a company’s market capitalization has grown larger than the range of small- to mid-capitalization stocks in the Russell 2500 Index.
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FHUMX - Performance
Return Ranking - Trailing
| Period | FHUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.5% | -7.5% | 57.9% | 28.57% |
| 1 Yr | 30.9% | 1.5% | 58.0% | 24.00% |
| 3 Yr | 9.9%* | -18.5% | 27.8% | 20.58% |
| 5 Yr | N/A* | 0.7% | 26.3% | N/A |
| 10 Yr | N/A* | 2.9% | 13.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FHUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.7% | -12.9% | 28.8% | 17.28% |
| 2022 | -18.8% | -52.6% | 20.1% | 47.14% |
| 2021 | 17.9% | -43.8% | 32.4% | 29.74% |
| 2020 | N/A | -10.6% | 82.1% | N/A |
| 2019 | N/A | -8.5% | 37.5% | N/A |
Total Return Ranking - Trailing
| Period | FHUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.5% | -7.5% | 57.9% | 28.57% |
| 1 Yr | 30.9% | 1.5% | 58.0% | 24.00% |
| 3 Yr | 9.9%* | -18.5% | 27.8% | 20.58% |
| 5 Yr | N/A* | 0.7% | 26.3% | N/A |
| 10 Yr | N/A* | 2.9% | 13.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FHUMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.0% | 1.2% | 31.3% | 8.78% |
| 2022 | -16.5% | -45.7% | 21.1% | 67.71% |
| 2021 | 23.0% | -30.2% | 52.8% | 60.93% |
| 2020 | N/A | -8.4% | 84.3% | N/A |
| 2019 | N/A | 1.0% | 43.4% | N/A |
NAV & Total Return History
FHUMX - Holdings
Concentration Analysis
| FHUMX | Category Low | Category High | FHUMX % Rank | |
|---|---|---|---|---|
| Net Assets | 4.18 M | 728 K | 175 B | 99.72% |
| Number of Holdings | 52 | 1 | 2780 | 74.08% |
| Net Assets in Top 10 | 1.39 M | 402 K | 15.4 B | 98.87% |
| Weighting of Top 10 | 29.88% | 0.5% | 100.0% | 30.23% |
Top 10 Holdings
- Axon Enterprise Inc 4.62%
- Equifax Inc 3.32%
- Tyler Technologies Inc 3.15%
- Eagle Materials Inc 3.01%
- PTC Inc 2.78%
- ICU Medical Inc 2.72%
- WEX Inc 2.63%
- Community Bank System Inc 2.58%
- Reinsurance Group of America Inc 2.57%
- Bio-Rad Laboratories Inc 2.52%
Asset Allocation
| Weighting | Return Low | Return High | FHUMX % Rank | |
|---|---|---|---|---|
| Stocks | 100.05% | 0.86% | 100.25% | 1.41% |
| Preferred Stocks | 0.00% | 0.00% | 11.12% | 52.96% |
| Other | 0.00% | 0.00% | 51.08% | 66.76% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 53.24% |
| Cash | 0.00% | 0.00% | 99.07% | 98.31% |
| Bonds | 0.00% | 0.00% | 72.71% | 57.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FHUMX % Rank | |
|---|---|---|---|---|
| Technology | 21.43% | 0.00% | 40.65% | 12.71% |
| Healthcare | 20.06% | 0.00% | 24.06% | 1.69% |
| Industrials | 17.74% | 0.00% | 45.89% | 36.44% |
| Financial Services | 17.48% | 0.00% | 46.10% | 17.51% |
| Consumer Cyclical | 15.59% | 2.49% | 46.48% | 18.08% |
| Basic Materials | 5.66% | 0.00% | 16.35% | 48.31% |
| Communication Services | 2.05% | 0.00% | 30.98% | 58.76% |
| Utilities | 0.00% | 0.00% | 18.97% | 89.27% |
| Real Estate | 0.00% | 0.00% | 25.82% | 94.35% |
| Energy | 0.00% | 0.00% | 58.13% | 91.24% |
| Consumer Defense | 0.00% | 0.00% | 32.18% | 98.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FHUMX % Rank | |
|---|---|---|---|---|
| US | 98.76% | 0.86% | 100.25% | 40.56% |
| Non US | 1.29% | 0.00% | 10.11% | 12.39% |
FHUMX - Expenses
Operational Fees
| FHUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 6.45% | 0.03% | 19.40% | 0.85% |
| Management Fee | 0.75% | 0.00% | 1.50% | 71.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.30% | 50.00% |
Sales Fees
| FHUMX 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
| FHUMX 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.
| FHUMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 304.00% | 37.34% |
FHUMX - Distributions
Dividend Yield Analysis
| FHUMX | Category Low | Category High | FHUMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.07% | 0.00% | 29.78% | 14.08% |
Dividend Distribution Analysis
| FHUMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Annual |
Net Income Ratio Analysis
| FHUMX | Category Low | Category High | FHUMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.01% | -2.06% | 3.38% | 70.54% |
Capital Gain Distribution Analysis
| FHUMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.012 | OrdinaryDividend |
| Dec 20, 2023 | $0.064 | CapitalGainShortTerm |
| Dec 20, 2023 | $0.552 | CapitalGainLongTerm |
| Dec 20, 2022 | $0.338 | OrdinaryDividend |
| Dec 20, 2021 | $0.608 | OrdinaryDividend |
| Dec 28, 2020 | $0.011 | OrdinaryDividend |
FHUMX - Fund Manager Analysis
Managers
Mark Sherlock
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
Mark joined the US SMID team in February 2009 as co-manager of the US SMID Cap strategy and became lead manager in October 2013. He was appointed as Head of US Equities in October 2017. Mark initially joined Federated Hermes in 2005 as an analyst and fund manager on the UK Focus Fund. Prior to this, he was an investment analyst at Rio Tinto Pension Fund, where he had responsibility for the small- and mid-cap portion of the portfolio. Mark qualified as a Chartered Accountant with PricewaterhouseCoopers in 2002. He has a degree in Politics from Durham University and is a CFA charterholder.
Michael Russell
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
Michael joined Federated Hermes in March 2014 as the co-manager of the US SMID Cap strategy. Michael was most recently senior portfolio manager of the Global Developed Markets Equity funds at Nomura Asset Management, where he worked for eight years. During this time he also acted as portfolio manager of the firm’s US equity funds for five years from 2005. Earlier in his career Michael held senior roles managing US equity funds at Merrill Lynch Investment Managers and Mercury Asset Management. He is a CFA charterholder and has an MA in Economics from Cambridge University.
Henry Biddle
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
Henry joined Federated Hermes in March 2012 as investment analyst for the US SMID Cap strategy from UK brokerage firm Peel Hunt, where he was a diversified financials analyst from December 2010 until February 2012. Prior to that he worked at Deloitte in the banking and capital markets group and in corporate finance from October 2006 until November 2010. Henry has an MA in Classics from Trinity College, Oxford, is a qualified Chartered Accountant and a CFA charterholder.
Alex Knox
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
Alex joined Federated Hermes in August 2009 as senior investment analyst for the US SMID Cap strategy. Alex's investment experience has been focused on smaller companies, starting in 1995 at Morgan Grenfell Asset Management and subsequently at JPMorgan, but most recently as an analyst and portfolio manager for UK SMID at Aviva. She is a qualified Chartered Accountant and worked as a strategy consultant at Arthur Andersen. Alex has a Mathematics degree from Durham University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 38.44 | 7.3 | 5.78 |
