MKTN Federated Hermes MDT Market Neutral ETF
Quote as of Aug 26, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 27.43 | Day Range | 27.39 – 27.48 |
| 52-Week Range | 24.14 – 27.90 | Volume | 18.76K |
| Avg Volume | 24.23K | AUM | $117.7M (Aug 27, 2026) |
| Expense Ratio | 2.27% | Yield (TTM) | 0.24% |
| NAV | 27.42 | Premium/Discount | +0.22% indicative |
| Inception | Sep 24, 2025 | Holdings | — |
| Issuer | Federated Hermes | Exchange | AMEX |
| Category | Developed Markets | Index Tracked | Not stated in source data |
| CUSIP | 31423L875 | ISIN | US31423L8752 |
| Structure | Inverse | ||
| Management | Actively managed (per issuer description) | ||
About this ETF
This actively managed equity ETF, the Federated Hermes MDT Market Neutral ETF, is designed to pursue sustained capital appreciation over an extended period. It achieves this by intentionally minimizing its susceptibility to general stock market fluctuations. The fund employs sophisticated quantitative models to systematically identify and execute both long and short equity positions, primarily within companies listed in the Russell 3000 index. The overarching goal is to deliver investment returns that exhibit minimal correlation with the broader market's performance.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.65% | +6.26% | +6.43% | +7.13% | — | — | — | — | +10.32% |
| Total return | +2.65% | +6.26% | +6.43% | +7.13% | — | — | — | — | +10.63% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 2.27% | Annual cost of a $10,000 investment | $227.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 21, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 401 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | FEDERATED GOVT OBLG PR SHARES | — | 76.99% | 97.37M | $97.4M |
| 2 | MODERNA INC COMMON STOCK USD.0001 | MRNA | 3.68% | 26.66K | $4.6M |
| 3 | INTUIT INC COMMON STOCK USD.01 | INTU | 2.58% | 9.00K | $3.3M |
| 4 | NET OTHER ASSETS | — | 2.44% | 0 | $3.1M |
| 5 | GENERAL ELECTRIC COMMON STOCK USD.01 | GE | 2.40% | 8.53K | $3.0M |
| 6 | CROWDSTRIKE HOLDINGS INC A COMMON STOCK | CRWD | 2.36% | 14.77K | $3.0M |
| 7 | FIVE BELOW COMMON STOCK USD.01 | FIVE | 2.34% | 12.21K | $3.0M |
| 8 | ABBVIE INC COMMON STOCK USD.01 | ABBV | 2.32% | 11.02K | $2.9M |
| 9 | FISERV INC COMMON STOCK USD.01 | FI | 2.30% | 55.75K | $2.9M |
| 10 | TRAVELERS COS INC/THE COMMON STOCK | TRV | 2.29% | 8.00K | $2.9M |
| 11 | GE VERNOVA INC COMMON STOCK USD.01 | GEV | 2.13% | 2.72K | $2.7M |
| 12 | VIKING HOLDINGS LTD COMMON STOCK USD.01 | VIK | 2.11% | 29.35K | $2.7M |
| 13 | BANK OF NEW YORK MELLON CORP COMMON STOCK | BNY | 1.93% | 15.27K | $2.4M |
| 14 | ADVANCE AUTO PARTS INC COMMON STOCK USD.0001 | AAP | 1.87% | 42.11K | $2.4M |
| 15 | REGENERON PHARMACEUTICALS COMMON STOCK USD.001 | REGN | 1.77% | 2.66K | $2.2M |
| 16 | FORTINET INC COMMON STOCK USD.001 | FTNT | 1.73% | 14.31K | $2.2M |
| 17 | ATLASSIAN CORP CL A COMMON STOCK USD.00001 | TEAM | 1.72% | 12.50K | $2.2M |
| 18 | NETFLIX INC COMMON STOCK USD.001 | NFLX | 1.71% | 26.98K | $2.2M |
| 19 | STATE STREET CORP COMMON STOCK USD1.0 | STT | 1.67% | 11.38K | $2.1M |
| 20 | LULULEMON ATHLETICA INC COMMON STOCK USD.005 | LULU | 1.44% | 15.27K | $1.8M |
| 21 | GARTNER INC COMMON STOCK USD.0005 | IT | 1.41% | 9.26K | $1.8M |
| 22 | NEWMONT CORP COMMON STOCK USD1.6 | NEM | 1.38% | 13.96K | $1.7M |
| 23 | COSTCO WHOLESALE CORP COMMON STOCK USD.005 | COST | 1.37% | 1.80K | $1.7M |
| 24 | HUMANA INC COMMON STOCK USD.1666666 | HUM | 1.24% | 4.15K | $1.6M |
| 25 | JACKSON FINANCIAL INC A COMMON STOCK USD.01 | JXN | 1.21% | 11.70K | $1.5M |
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Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.24% | Paid (last 12 months) | $0.0655 |
| Frequency | Irregular | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 31, 2025 | Last payment | $0.0655 (Jan 02, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 31, 2025 | Dec 31, 2025 | Jan 02, 2026 | $0.0655 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 6.99% / — | Sharpe 1Y / 3Y | 1.18 / — |
| Max drawdown 1Y / 3Y | -4.13% / — | Sortino 1Y | 1.75 |
| Beta vs S&P 500 (3Y) | -0.1633 | Correlation vs S&P 500 (1Y) | 0.013 |
| Downside deviation 1Y | 4.72% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 18.76K | Average volume | 24.23K |
| AUM | $117.7M | Premium/Discount | +0.22% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $117.7M → $117.7M |
| 1 Week | -$732.7K | -0.62% | $117.7M → $117.7M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for MKTN
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.