MKTN — Federated Hermes MDT Market Neutral ETF
Federated Hermes MDT Market Neutral ETF (MKTN)
MKTN pays a 1.93% distribution rate, on a 1.94% expense ratio. Its Distribution Safety Score™ is 50 (Caution). Total return is 10.1% over the past 0.9 years, 8.9 points behind SPY at 19.0%. Its deepest 1-year drawdown was 4.1%.
Federated Hermes MDT Market Neutral ETF is an equity fund that uses quantitative models to select long positions in stocks expected to outperform and short positions in stocks expected to underperform, aiming to generate returns with reduced market sensitivity. The fund has a modest current distribution rate and carries an expense ratio of 1.94%, with distributions paid as they occur rather than on a set schedule. It appeals to investors seeking market-neutral equity strategies that may perform differently than traditional long-only stock portfolios.
MKTN key facts
- Distribution Safety Score™
- 50 · Caution
- Issuer
- Federated Hermes
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/24/2025
- Expense ratio
- 1.94%
- Distribution rate
- 1.93%
- Trailing yield
- 0.48%
- Last close
- $27.28
- AUM
- $113,897,817
- Average volume
- 26400.0
- Last dividend
- $0.1310
- Ex-dividend date
- 12/31/2025
- Payment date
- 01/02/2026
- P/E ratio
- 19.3587
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