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Morningstar

Federated Hermes Max-Cap Index IS FISPX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 7.35  /  0.27 %
  • Total Assets 187.7 Mil
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.370%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 1.23%
  • Turnover 33%

USD | NAV as of Jan 28, 2023 | 1-Day Return as of Jan 28, 2023, 12:12 AM GMT+00:00

Morningstar’s Analysis FISPX

Will FISPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FISPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FISPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FISPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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An upgrade in People Pillar rating is the primary driver of Federated Hermes Max-Cap Index IS's upgrade to a Morningstar Quantitative Rating of Silver from Bronze. The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

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