Federated Hermes MDT Market Neutral A (QAMNX)

Fund Assets	2.52B
Expense Ratio	2.36%
Min. Investment	$1,500
Turnover	62.00%
Dividend (ttm)	0.33
Dividend Yield	1.46%
Dividend Growth	-10.63%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	22.46
YTD Return	5.55%
1-Year Return	8.98%
5-Year Return	n/a
52-Week Low	20.22
52-Week High	22.80
Beta (5Y)	-0.03
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.

• Fund Family: Federated
• Category: Equity Market Neutral
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: QAMNX
• Share Class: Class A Shares

Performance

QAMNX had a total return of 8.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.36%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
QQMNX	Institutional Shares	2.11%

Top 10 Holdings

30.04% of assets

Name	Symbol	Weight
Federated Hermes Govt Obl Premier	GOFXX	9.92%
UnitedHealth Group Incorporated	UNH	2.60%
GE Vernova Inc.	GEV	2.58%
Fiserv, Inc.	FISV	2.58%
The Travelers Companies, Inc.	TRV	2.50%
Viking Holdings Ltd	VIK	2.21%
Teradyne, Inc.	TER	2.00%
lululemon athletica inc.	LULU	1.97%
Five Below, Inc.	FIVE	1.93%
Moderna, Inc.	MRNA	1.75%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.3254	Dec 31, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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