About FGSKX
The Federated Hermes MDT Mid Cap Growth Fund R6 is a mutual fund focused on achieving capital appreciation through investments primarily in growth-oriented, mid-cap U.S. companies. The fund employs a quantitatively-driven, bottom-up stock selection process to identify mid-cap equities with superior growth prospects, aiming to minimize subjective and emotional influences in portfolio construction. It seeks to benefit from market inefficiencies by leveraging advanced analytical models.
The fund typically holds a diversified mix of around 125 securities, with notable allocations to sectors such as technology, financial services, healthcare, and consumer cyclical industries. Core holdings have included companies like Palantir Technologies, Ameriprise Financial, Cencora, and Deckers Outdoor. With a focus on mid-capitalization firms, the fund targets companies that are generally more dynamic than large caps but less volatile than small caps, making it a potential diversifier in a broader equity allocation. The fund aligns its strategy to the Russell Midcap Growth Index and is actively managed by an experienced investment team. Its approach and fee structure position it competitively within the mid-cap growth category, supporting its role as a specialty growth allocation for retirement and institutional investors.
Fund Family Federated
Category Mid-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol FGSKX
Share Class Class R6 Shares
Index Russell MidCap Growth TR
FGSKX had a total return of 2.21% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.96%.
