Federated Hermes MDT Market Neutral IS (QQMNX)

Fund Assets	2.52B
Expense Ratio	2.11%
Min. Investment	$1,500
Turnover	62.00%
Dividend (ttm)	0.38
Dividend Yield	1.66%
Dividend Growth	1.32%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	23.22
YTD Return	5.74%
1-Year Return	9.69%
5-Year Return	n/a
52-Week Low	20.91
52-Week High	23.57
Beta (5Y)	n/a
Holdings	408
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.

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

Performance

QQMNX had a total return of 9.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.66%.

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	2.36%

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	$0.3828	Dec 31, 2025
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

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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