- Federated Hermes MDT Advisers secures awards for
multiple funds and performance periods
- Two active fixed-income strategies recognized for
category outperformance through market cycles
PITTSBURGH, March 14,
2025 /PRNewswire/ -- Federated Hermes, a global
leader in active investing, today announced that Federated
Hermes MDT Mid Cap Growth Fund, Federated Hermes MDT All Cap
Core Fund, Federated Hermes Conservative Municipal Microshort Fund
and Federated Hermes Corporate Bond Strategy Portfolio were
recognized by the 2025 LSEG Lipper Fund Awards for consistently
strong risk-adjusted performance. Evaluations were calculated for
the periods ended Nov. 30, 2024.
Federated Hermes MDT Advisers won awards for multiple
performance periods and funds. The key investment team includes
Daniel Mahr, head of MDT Group;
Damien Zhang, head of MDT Research;
Frederick Konopka, portfolio and
trading manager; and John Paul
Lewicke, research manager. The team has more than 80 years
of investment experience and manages $14.2
billion in mutual funds, ETFs, institutional separate
accounts, separately managed accounts (SMAs) and a collective
investment trust (CIT) as of Dec. 31,
2024. Their internally developed investment process employs
a disciplined, bottom-up, quantitative investment approach designed
to be objective and absent of human bias. Sophisticated modeling
with the implementation of multiple decision trees can give them a
more flexible decision-making framework compared to many other
quantitative approaches that might emphasize one particular factor
or group of factors, or whose investing technique may favor one
particular style.
In the Mid-Cap Growth Funds category, Federated Hermes MDT Mid
Cap Growth Fund received a trophy in recognition of its R6
shares outperforming peers over the three- and five-year periods as
well as its IS shares outperforming peers over the 10-year period.
The fund seeks appreciation of capital by investing primarily in
domestic, mid-cap common stocks that offer superior growth
prospects.
Additionally, Federated Hermes MDT All Cap Core Fund (R6
shares) outperformed peers in the Multi-Cap Core Funds category
over the five-year period. The fund seeks long-term capital
appreciation by investing primarily in the common stock
of U.S. companies, using a whole market,
all-cap/all-style approach.
Federated Hermes Conservative Municipal Microshort Fund (IS
shares) outperformed peers in the Short Municipal Debt Funds
category for the three-year period. Launched in 2021, the fund
seeks current income with preservation of capital with an emphasis
on maintaining liquidity on a tax-exempt basis by investing in a
diversified portfolio of investment-grade securities with a
dollar-weighted average maturity generally less than 180 days. Fund
managers Mary Jo Ochson, chief
investment officer and head of the tax-free liquidity investment
area and short-term municipal bonds, and Kyle Stewart, senior portfolio manager, together
bring 70 years of investment experience. Federated Hermes'
extensive depth and experience in municipal management includes 28
investment professionals managing approximately $23 billion in municipal strategies as of
Dec. 31, 2024.
Federated Hermes Corporate Bond Strategy Portfolio, a Managed
Account Pool (MAPs) utilized by Federated Hermes Separately Managed
Accounts, outperformed peers in the Corporate Debt Funds BBB-Rated
category for the 10-year period. The fund seeks to provide total
return by primarily investing in a diversified portfolio of
investment-grade, corporate fixed-income securities. Senior
Portfolio Managers Jerome Conner and
Brian Ruffner bring 55 years of
investment experience.
"For 70 years, Federated Hermes' world-class investment platform
has provided active investment management focused on meeting the
diverse and evolving needs of our clients and shareholders. Our
rigorous approach to vetting investment opportunities has been key
to our investing success for decades," said John B. Fisher, president and chief executive
officer, Federated Advisory Companies. "With our deep heritage of
fixed-income prowess deployed across a spectrum of sectors and
MDT's quantitative approach and innovative research, Federated
Hermes seeks to provide attractive returns in various market
conditions."
Federated Hermes, Inc. (NYSE: FHI) is a global leader in active
investment management, with $829.6
billion in assets under management as of Dec. 31, 2024. We deliver investment solutions
that help investors target a broad range of outcomes and provide
equity, fixed-income, alternative/private markets, multi-asset and
liquidity management strategies to more than 10,000 institutions
and intermediaries worldwide. Our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
The LSEG Lipper Fund Awards, granted annually, highlight funds
and fund companies that have excelled in delivering consistently
strong risk-adjusted performance relative to their peers.
Evaluations are calculated for the periods ended Nov. 30, 2024.
The LSEG Lipper Fund Awards are based on the Lipper Leader for
Consistent Return rating, which is a risk-adjusted performance
measure calculated over 36, 60 and 120 months. The fund with the
highest Lipper Leader for Consistent Return (Effective Return)
value in each eligible classification wins the LSEG Lipper Fund
Award. For more information, see lipperfundawards.com. Although
LSEG makes reasonable efforts to ensure the accuracy and
reliability of the data contained herein, the accuracy is not
guaranteed by LSEG Lipper.
In the Mid-Cap Growth Funds category, Federated Hermes MDT Mid
Cap Growth Fund (FGSKX, R6 shares) outperformed 334 share classes
and 97 portfolios over the three-year period and outperformed 305
share classes and 88 portfolios over the five-year period; and
(FGSIX, IS shares) outperformed 250 share classes and 79 portfolios
over the 10-year period
Multi-Cap Core Funds category: Federated Hermes MDT All Cap Core
Fund (QKACX, R6 shares) outperformed 476 share classes and 179
portfolios over the 5-year period.
Short Municipal Debt Funds category: Federated Hermes
Conservative Municipal Microshort Fund (FHMIX, IS shares)
outperformed 114 share classes and 37 portfolios for the three-year
period.
Corporate Debt Funds BBB-Rated category: Federated Hermes
Corporate Bond Strategy Portfolio, a Managed Account Pool (MAPs)
utilized by Federated Hermes Separately Managed Accounts,
outperformed 126 share classes and 46 portfolios for the 10-year
period.
Past performance is no guarantee of future results.
Bond prices are sensitive to changes in interest rates, and a
rise in interest rates can cause a decline in their prices.
Mid-capitalization companies often have narrower markets and
limited managerial and financial resources compared to larger and
more established companies.
Growth stocks tend to have higher valuations and thus are
typically more volatile than value stocks. Growth stocks also may
not pay dividends or may pay lower dividends than value stocks.
The quantitative models and analysis used by the MDT funds may
perform differently than expected and negatively affect fund
performance.
The value of equity securities in the MDT funds' portfolios will
fluctuate and, as a result, the funds' share prices may decline.
Equity securities may decline in value because of an increase in
interest rates or changes in the stock market.
The Conservative Municipal Microshort Fund is not a "money
market" mutual fund. Some money market mutual funds attempt to
maintain a stable net asset value through compliance with relevant
Securities and Exchange Commission (SEC) rules. The fund is not
governed by those rules, and its shares will fluctuate in value.
Interest income from the fund's investments may be subject to the
federal alternative minimum tax (AMT) for individuals, and state
and local taxes.
Other classes of shares are available whose performance will
vary due to different charges and expenses.
Mutual funds are subject to risks and fluctuate in value.
Managed Account Pools (MAPs) are unique mutual fund pools of
securities specially designed to provide diversification to
separately managed accounts. Because these pools are highly liquid,
they enhance the ability of separately managed account portfolios
to quickly and efficiently respond to changing market conditions.
All fees are charged at the managed account level, so the MAPs have
zero advisory fees and reimburse all ordinary operating expenses
(excluding those of any other funds in which the MAPs invest, if
applicable). MAPs are available only in conjunction with
Federated Hermes Separately Managed Accounts.
Diversification does not assure a profit nor protect against
loss.
Investors should carefully consider the fund's investment
objectives, risks, charges and expenses before investing. To obtain
a summary prospectus or prospectus containing this and other
information, contact us or visit FederatedHermes.com/us. Please
carefully read the summary prospectus or prospectus before
investing.
Separately managed accounts are available through Federated
Investment Counseling, a registered investment adviser.
Federated Securities Corp.is Distributor of the Federated Hermes
Funds.
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SOURCE Federated Hermes, Inc.
