Federated Hermes MDT Market Neutral IS (QQMNX)
| Fund Assets | 1.87B |
| Expense Ratio | 1.86% |
| Min. Investment | $1,000,000 |
| Turnover | 58.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 1.70% |
| Dividend Growth | -63.77% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 30, 2024 |
| Previous Close | 22.22 |
| YTD Return | 9.62% |
| 1-Year Return | 9.19% |
| 5-Year Return | 54.16% |
| 52-Week Low | 20.16 |
| 52-Week High | 22.22 |
| Beta (5Y) | n/a |
| Holdings | 402 |
| Inception Date | n/a |
About QQMNX
The Federated Hermes MDT Market Neutral Fund Institutional Shares is an equity market neutral mutual fund designed to seek long-term capital appreciation while limiting exposure to general stock market risk. This fund follows a quantitative strategy, employing models driven by both fundamental and technical stock selection variables. Its approach involves maintaining balanced long and short positions primarily in the stocks of U.S. companies, with the specific goal of reducing overall portfolio volatility. By structuring its portfolio to have minimal net exposure to broader market movements, the fund aims to deliver returns that are largely uncorrelated with general equity market direction. Notable features include a well-diversified asset base, with hundreds of individual securities and a focus on market sectors such as technology, healthcare, communication services, and industrials. The fund regularly maintains significant allocations to cash and equivalents, reflecting a disciplined risk management process. Institutional investors are the primary audience for this share class, which features a relatively low beta and strives for consistent absolute returns regardless of the equity market environment. As part of the equity market neutral category, it serves as a tool for investors seeking to dampen market risk in their overall portfolio allocation while pursuing steady capital appreciation.
Performance
QQMNX had a total return of 9.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.06%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| QAMNX | Class A Shares | 2.07% |
Top 10 Holdings
28.49% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Government Obligations Fund | GOFXX | 8.60% |
| Adobe Inc. | ADBE | 2.55% |
| Roblox Corporation | RBLX | 2.55% |
| GE Vernova Inc. | GEV | 2.51% |
| Viking Holdings Ltd | VIK | 2.48% |
| Advance Auto Parts, Inc. | AAP | 2.41% |
| AbbVie Inc. | ABBV | 2.26% |
| Five Below, Inc. | FIVE | 1.74% |
| DexCom, Inc. | DXCM | 1.73% |
| DoorDash, Inc. | DASH | 1.66% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.3778 | Dec 31, 2024 |
| Dec 28, 2023 | $0.5453 | Dec 29, 2023 |
| Jun 5, 2023 | $0.49749 | Jun 6, 2023 |
| Dec 29, 2022 | $0.0188 | Dec 30, 2022 |
| Dec 6, 2022 | $1.49652 | Dec 7, 2022 |
| Aug 23, 2022 | $0.53231 | Aug 24, 2022 |