Federated Hermes MDT Market Neutral ETF
No trades
Key stats
About Federated Hermes MDT Market Neutral ETF
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Inception date
Sep 24, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Federated MDTA LLC
Distributor
Federated Securities Corp.
Identifiers
3
ISINUS31423L8752
MKTN aims for positive returns with lower volatility and limited market risk. Security selection combines fundamental and technical data points to identify opportunities. The funds portfolio includes US companies of any market capitalization. The fund employs a systematic, quantitative process that simultaneously buys stocks expected to outperform and shorts those predicted to underperform. The strategy aims to neutralize market movements, targeting a near-zero beta and uncorrelated return with the overall market. Holdings may include derivatives such as futures and options to hedge or enhance returns. The fund actively trades and may result in higher portfolio turnover.
Related funds
Classification
What's in the fund
Exposure type
Cash
Stocks83.13%
Technology Services9.76%
Health Technology6.93%
Finance6.59%
Retail Trade4.10%
Electronic Technology3.02%
Producer Manufacturing2.79%
Commercial Services2.58%
Consumer Services2.36%
Transportation2.20%
Consumer Non-Durables1.22%
Process Industries1.09%
Consumer Durables0.97%
Health Services0.92%
Industrial Services0.61%
Non-Energy Minerals0.60%
Energy Minerals0.55%
Distribution Services0.33%
Utilities0.25%
Bonds, Cash & Other16.87%
Cash94.21%
Miscellaneous−77.34%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MKTN trades at 25.73 USD today, its price has risen 0.98% in the past 24 hours. Track more dynamics on MKTN price chart.
MKTN net asset value is 25.82 today — it's risen 2.54% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MKTN assets under management is 19.43 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MKTN fund flows account for 19.12 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MKTN invests in cash. See more details in our Analysis section.
MKTN expense ratio is 2.10%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MKTN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, MKTN doesn't pay dividends to its holders.
MKTN trades at a premium (0.08%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MKTN shares are issued by Federated Hermes, Inc.
MKTN follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 24, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.