MKTNFederated Hermes MDT Market Neutral ETF

DiversifierNewRanked #37 of 240 in this goal

Seeks long-term capital appreciation while limiting exposure to general stock market risk.

By Federated · Launched 2025

Annual Cost

0.02%

#155 of 5,568 · low cost

Fund Size

$94M

#3,009 of 5,568 · mid-size

Return (1Y)Goal

N/A

Track Record

9 months

#4,782 of 5,568 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,363+3.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Long short

What it actually holds

By weight

Concentration

Top 10 holdings = 113.7% of fundconcentrated

Federated Hermes Government Obligations Fund

94.2%

Viking Holdings Ltd

2.6%

Fiserv Inc

2.5%

AbbVie Inc

2.2%

Five Below Inc

2.1%

Palantir Technologies Inc

2.1%

GE Vernova Inc

2.1%

Travelers Cos Inc/The

2.1%

Regeneron Pharmaceuticals Inc

2.0%

Adobe Inc

1.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-4.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks long-term capital appreciation while limiting exposure to general stock market risk.
Strategy: Invests primarily in long and short positions in stocks predicted to outperform or underperform based on a quantitative model. Maintains a market-neutral stance to mitigate volatility, focusing on equities from the Russell 3000 Index and may include REITs. The strategy aims for gains on both sides while controlling risk through diversification and disciplined stock selection.
Inception date: September 24, 2025
Fund family: Federated