Federated Hermes MDT Market Neutral A (QAMNX)
| Fund Assets | 1.50B |
| Expense Ratio | 2.07% |
| Min. Investment | $1,000,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 1.65% |
| Dividend Growth | -63.77% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 20.84 |
| YTD Return | 5.55% |
| 1-Year Return | 14.69% |
| 5-Year Return | n/a |
| 52-Week Low | 18.28 |
| 52-Week High | 21.02 |
| Beta (5Y) | 0.07 |
| Holdings | 408 |
| Inception Date | n/a |
About QAMNX
The Federated Hermes MDT Market Neutral Fund A Shares is an equity market neutral mutual fund designed to provide long-term capital appreciation while minimizing exposure to general stock market risk. The fund employs a quantitative, systematic model that actively selects both long and short positions in companies listed within the Russell 3000® Index, thereby aiming to profit from stock selection decisions rather than broad market movements. By matching long and short exposures across key market factors—such as sectors, market capitalization, and styles—the fund seeks to maintain a near-zero beta and reduce correlation to the overall equity market, with a historical beta significantly below 0.3. This strategy appeals to investors seeking diversification benefits through a return profile that is generally independent of equity market direction. The fund invests in a wide array of sectors, as reflected in its holdings spanning technology, healthcare, consumer services, and more, and maintains high portfolio turnover. Managed by multiple portfolio managers, the fund has an expense ratio of approximately 2.07% and generally pays annual dividends. Its market-neutral approach positions it as a specialized tool for managing portfolio risk and seeking absolute returns apart from traditional long-only equity strategies.
Performance
QAMNX had a total return of 14.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.08%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| QQMNX | Institutional Shares | 1.86% |
Top 10 Holdings
27.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Government Obligations Fund | GOFXX | 10.16% |
| QUALCOMM Incorporated | QCOM | 2.35% |
| Fortinet, Inc. | FTNT | 2.34% |
| AbbVie Inc. | ABBV | 2.29% |
| DoorDash, Inc. | DASH | 1.97% |
| Spotify Technology S.A. | SPOT | 1.88% |
| Veralto Corporation | VLTO | 1.75% |
| GE Vernova Inc. | GEV | 1.65% |
| Amgen Inc. | AMGN | 1.62% |
| Dollar Tree, Inc. | DLTR | 1.34% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.3641 | Dec 31, 2024 |
| Dec 28, 2023 | $0.5075 | Dec 29, 2023 |
| Jun 5, 2023 | $0.49749 | Jun 6, 2023 |
| Dec 6, 2022 | $1.49652 | Dec 7, 2022 |
| Aug 23, 2022 | $0.53231 | Aug 24, 2022 |
| Dec 6, 2021 | $3.69416 | Dec 7, 2021 |