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Federated Hermes MDT Market Neutral ETFFederated Hermes MDT Market Neutral ETFFederated Hermes MDT Market Neutral ETF

Federated Hermes MDT Market Neutral ETF

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Key stats


Assets under management (AUM)
‪9.04 M‬ USD
Fund flows (1Y)
‪8.94 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
−0.002%
Shares outstanding
‪360.00 K‬
Expense ratio
2.10%

About Federated Hermes MDT Market Neutral ETF


Issuer
Federated Hermes, Inc.
Brand
Federated Hermes
Home page
federatedhermes.com
Inception date
Sep 24, 2025
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Federated MDTA LLC
Distributor
Federated Securities Corp.
ISIN
US31423L8752
MKTN aims for positive returns with lower volatility and limited market risk. Security selection combines fundamental and technical data points to identify opportunities. The funds portfolio includes US companies of any market capitalization. The fund employs a systematic, quantitative process that simultaneously buys stocks expected to outperform and shorts those predicted to underperform. The strategy aims to neutralize market movements, targeting a near-zero beta and uncorrelated return with the overall market. Holdings may include derivatives such as futures and options to hedge or enhance returns. The fund actively trades and may result in higher portfolio turnover.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Market neutral
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of November 24, 2025
Exposure type
StocksBonds, Cash & Other
Technology Services
Cash
Stocks84.45%
Technology Services10.47%
Health Technology7.39%
Finance5.91%
Retail Trade4.13%
Electronic Technology3.08%
Producer Manufacturing2.78%
Commercial Services2.44%
Transportation2.40%
Consumer Services2.40%
Consumer Non-Durables1.12%
Process Industries1.07%
Health Services0.90%
Consumer Durables0.84%
Industrial Services0.67%
Energy Minerals0.62%
Non-Energy Minerals0.52%
Distribution Services0.35%
Utilities0.24%
Bonds, Cash & Other15.55%
Cash94.08%
Miscellaneous−78.53%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


MKTN assets under management is ‪9.04 M‬ USD. It's risen 67.08% over the last month.
MKTN fund flows account for ‪8.94 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, MKTN doesn't pay dividends to its holders.
MKTN shares are issued by Federated Hermes, Inc. under the brand Federated Hermes. The ETF was launched on Sep 24, 2025, and its management style is Active.
MKTN expense ratio is 2.10% meaning you'd have to pay 2.10% of your investment to help manage the fund.
MKTN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MKTN invests in cash.
MKTN trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.