← Markets

Federated Hermes MDT Small Cap Growth Fund

QASGX · NASDAQ

Market closed$35.16$0.030000 (+0.09%)

Key statistics

Previous close$35.13
Open$35.16
Day high$35.16
Day low$35.16
52-week high$36.46
52-week low$26.30
Market cap628.11M
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

QASGX edged slightly higher amid broadly stable market conditions, with modest buying interest providing a marginal lift to the fund's net asset value.

FintelFintelFintel

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026Federated Hermes MDT Small Cap Growth Fund edged lower after hours, underperforming in a mixed environment for financial services. The broader asset management sector saw strong tailwinds from blockbuster Q2 earnings across Wall Street — BlackRock surpassed estimates with record iShares flows topping $6 trillion in AUM, while Goldman Sachs, Morgan Stanley, and JPMorgan posted record profits driven by a dealmaking boom and surging equities trading. However, Natixis strategists noted large-caps are expected to outperform small-caps in H2 2026, a headwind for small-cap growth strategies like QASGX, as AI concentration and geopolitical risks from the US-Iran conflict weigh on sentiment.

-0.8652

July 13, 2026Federated Hermes MDT Small Cap Growth Fund declined 2.29% as broad market risk-off sentiment weighed on small-cap growth equities amid renewed U.S.-Iran military exchanges that sent oil prices surging ~5% and rattled equity futures. Compounding the pressure, Morningstar flagged financial services as the second-worst-performing sector over the past year, citing AI disruption concerns and cracks in private credit, while investors pivoted attention to a pivotal Q2 earnings week featuring major U.S. banks reporting Tuesday—a backdrop that favored large-cap financials over small-cap growth allocations.

-2.2922

July 8, 2026Federated Hermes MDT Small Cap Growth Fund declined amid a broad risk-off session as escalating U.S.-Iran tensions sent oil surging over 5% and rattled equity markets, with the S&P 500 under pressure and the Nasdaq hit hardest by a semiconductor-led selloff. The Financial Select Sector SPDR (XLF) also closed lower on the day, reflecting broad weakness in financial services, while investors await Fed minutes from the June meeting and brace for Q2 earnings season in the banking and asset management sectors.

-1.3812

July 1, 2026Federated Hermes MDT Small Cap Growth Fund edged up modestly, closing near its 52-week high as the broader financial services sector benefited from a strong Q2 backdrop. The Zacks Finance sector surged 10.9% in Q2 2026, buoyed by a revival in retail trading volumes, higher capital market activity, and fading recession fears, though it lagged the S&P 500's standout 15.5% quarterly gain. Asset managers like Federated Hermes continued to see tailwinds from rising equity markets lifting AUM values, while macro attention shifted to Fed Chair Warsh's tone and the June jobs report as investors weigh the pace of any future rate moves.

0.4708

June 26, 2026Federated Hermes MDT Small Cap Growth Fund closed modestly higher, edging up 0.31% and sitting near its 52-week high of $36.14, even as broader markets faced headwinds from a tech-led selloff. The Financial Services sector ETF (XLF) held flat in after-hours trade, while the S&P 500 pulled back amid investor anxiety over stretched AI valuations, a hawkish Federal Reserve under new chair Kevin Warsh, and uncertainty around the US-Iran ceasefire. Small-cap growth funds face a nuanced backdrop: while AI capex enthusiasm and a resilient labor market provide support, rising component costs, a hot PCE inflation print, and OpenAI's potential IPO delay to 2027 have weighed on risk appetite in growth-oriented names.

0.3088

June 24, 2026Federated Hermes MDT Small Cap Growth Fund declined modestly, pulled lower alongside broader financial sector weakness as asset managers faced headwinds from volatile equity markets. The fund, trading near its 52-week high, gave back ground as market turbulence — stemming from a tech-led sell-off earlier in the week driven by AI valuation concerns and global semiconductor jitters — weighed on assets under management across the industry. The Financial Select Sector ETF (XLF) also edged lower, while the Federal Reserve's annual stress test results, released June 24, confirmed banking sector resilience and offered some stabilizing context for financials broadly.

-1.4388

PR Newswire · April 30, 2026Federated Hermes, Inc. reports record assets under management with first quarter 2026 earningsPR Newswire · March 12, 2026Federated Hermes wins 2026 LSEG Lipper Fund Awards for category-leading risk‑adjusted performanceMorningstar · January 22, 20266 Top-Performing Small Blend FundsKiplinger · February 24, 2024Kiplinger's Mutual Fund Guide for 2026

Peers

S&P 500SPX · $7,457.69-1.01%Alger Focus Equity ZALZFX · $117.84-1.17%Blackstone Strategic Credit FundBGB · $11.31-0.18%Buffalo Discovery FundBUFTX · $17.84-0.17%Fidelity Flex Mid Cap Index FundFLAPX · $25.01-0.64%Goldman Sachs Large Cap Value Insights FundGCVIX · $28.58-0.69%T. Rowe Price Institutional Emerging Markets Equity FundIEMFX · $48.29-1.59%Nationwide Mid Cap Market Index FundNWXQX · $17.84-0.56%Optimum Small-Mid Cap Value FundOISVX · $16.54-0.84%S.A. US Value FdSABTX · $29.26-0.24%T. Rowe Price Target 2030TRRWX · $15.66-0.45%