Federated Hermes MDT Market Neutral A (QAMNX)
18.43
-0.01 (-0.05%)
USD |
Jul 01 2022
Returns Chart
Key Stats
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| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.90% | 99.65M | 0.00% | 204.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 13.94M | 19.66% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund seeks to achieve its objective by selecting long positions in publicly traded common stocks which its quantitative model predicts will achieve above-market returns, and short positions in publicly traded common stocks which the fund’s quantitative model predicts will achieve below-market returns. The Adviser will attempt to realize investment gains on both the long and short sides of its investment strategies through stock selection. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | QQMNX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Equity |
| Category Name | Long-Short Equity |
| Category Index | MSCI ACWI NR USD |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | Federated |
| Prospectus Benchmark Index | |
| ICE BofA US 3M Trsy Bill TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Damien Zhang | 0.68 yrs |
| Daniel Mahr | 0.68 yrs |
| Frederick Konopka | 0.68 yrs |
| John Lewicke | 0.68 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category High
1 Year
% Rank:
26
13.94M
-496.54M
Category Low
547.00M
Category High
3 Months
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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As of June 30, 2022
Performance Versus Category
As of July 01, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of July 01, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Federated Hermes Inst Prime Val Obl IS | 12.12% | 0.9995 | 0.01% |
| Pinterest Inc Class A | 2.27% | 18.71 | 3.03% |
| Marathon Petroleum Corp | 1.93% | 84.48 | 2.76% |
| Pure Storage Inc Class A | 1.85% | 24.76 | -3.70% |
| Teladoc Health Inc | 1.64% | 34.83 | 4.88% |
| Biogen Inc | 1.62% | 210.63 | 3.28% |
| Penn National Gaming Inc | 1.60% | 31.46 | 3.42% |
| Arista Networks Inc | 1.50% | 93.41 | -0.35% |
| Zoom Video Communications Inc | 1.43% | 110.97 | 2.78% |
| Expedia Group Inc | 1.40% | 96.40 | 1.66% |
Basic Info
| Investment Strategy | |
| The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund seeks to achieve its objective by selecting long positions in publicly traded common stocks which its quantitative model predicts will achieve above-market returns, and short positions in publicly traded common stocks which the fund’s quantitative model predicts will achieve below-market returns. The Adviser will attempt to realize investment gains on both the long and short sides of its investment strategies through stock selection. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | QQMNX |
| Equity Style | Mid Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Nontraditional Equity |
| Broad Category | Equity |
| Category Name | Long-Short Equity |
| Category Index | MSCI ACWI NR USD |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | Federated |
| Prospectus Benchmark Index | |
| ICE BofA US 3M Trsy Bill TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Damien Zhang | 0.68 yrs |
| Daniel Mahr | 0.68 yrs |
| Frederick Konopka | 0.68 yrs |
| John Lewicke | 0.68 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (7-1-22) | 0.00% |
| 30-Day SEC Yield (9-1-21) | Upgrade |
| 7-Day SEC Yield (9-24-21) | Upgrade |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 15.40 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of March 31, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 9/30/2008 |
| Last Annual Report Date | 12/31/2021 |
| Last Prospectus Date | 2/28/2022 |
| Share Classes | |
| QQMNX | Inst |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |