MKTN ETF — Federated Hermes MDT Market Neutral ETF

Federated Hermes MDT Market Neutral ETF (MKTN)

Updated October 16, 2026.

MKTN is an ETF. its trailing-12-month yield is 0.46%, its expense ratio is 1.94%. Total return is 14.9% over the past 1.1 years, 2.3 points behind SPY at 17.2%.

Federated Hermes MDT Market Neutral ETF is an equity fund that uses a quantitative model to select long positions in stocks predicted to outperform and short positions in stocks predicted to underperform, aiming for market-neutral returns independent of overall market direction. The fund has a modest current distribution rate with an expense ratio of 1.94%; it does not maintain a regular distribution schedule, though it has made a special distribution recently that may not recur. This fund appeals to investors seeking non-directional equity strategies or those looking to diversify beyond traditional long-only portfolios.

MKTN performance versus SPY

Price and return data through 2026-10-16.

Total return is 14.9% over the past 1.1 years, 2.3 points behind SPY at 17.2%. Its deepest 1-year drawdown was 4.1%.

MKTN key facts

Issuer

Federated Hermes

Asset type

ETF

Asset class

Equity

Inception date

09/24/2025

Expense ratio

1.94%

Trailing yield

0.46%

Last close

$28.48 (as of 2026-10-16)

AUM

$144,744,964

Average volume

73492.0

Dividend

$0.131

Ex-dividend date

12/31/2025

Payment date

01/02/2026

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.46%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Federated Hermes; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MKTN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.1%.

Who may consider MKTN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on MKTN

• All tickers starting with M

Frequently asked questions

More securities from Federated Hermes.