MDT Market Neutral Fund

ticker Q Q M N X Mutual Funds . Market Neutral .

Overview

 
AT A GLANCE
Portfolio
Assets
September 30 2022
$115.5 M
YTD Return NAV
October 2 2022
1.42%
Alternative
Overall
Morningstar Rating ™
August 31 2022
4 out of 5 stars"
Gross
Expenses
2.15%
Net
Expenses
1.65%
STRATEGY

The Fund seeks to provide long-term capital appreciation while limiting exposure to general stock market risk.

KEY FACTS
Key Facts - Part 1
Symbol ticker Q Q M N X
Benchmark ICE BofA 3-Month T-Bill Index
Key Facts - Part 2
Fund Number(s)
315
CUSIP 3 1 4 2 3 A 4 3 2
Performance Incp. Date September 30 2008
MORNINGSTAR CATEGORY / STYLE
Category
Long-Short Equity (Long)
Style
Medium Blend
Category
Long-Short Equity (Short)
Style
Medium Growth
KEY INVESTMENT TEAM
Daniel Mahr, CFA
Senior Vice President
Managing Director, Research
Head of MDT Group
MDT Advisers, a Federated Advisory Company

joined Federated Hermes
20 years of experience
Frederick Konopka, CFA
Vice President
Portfolio and Trading Manager
MDT Advisers, a Federated Advisory Company

joined Federated Hermes
25 years of experience
John Paul Lewicke
Vice President
Research Manager
MDT Advisers, a Federated Advisory Company

joined Federated Hermes
15 years of experience
Damien Zhang, CFA
Vice President
Research Manager
MDT Advisers, a Federated Advisory Company

joined Federated Hermes
13 years of experience

Performance

Characteristics

Commentary

Documents

 
DISCLOSURES

1 disclosure If this product is new, it will not have completed its first financial reporting period. Please check back to view future shareholder reports. For the new share of an existing fund, you may wish to view recent shareholder reports of another share of that fund by visiting another share.

The “As of Date” for regulatory documents  is the date when the document is effective with the SEC and made available on Federated Hermes' website.

2 disclosure Each fiscal quarter, the Fund will file with the SEC a complete schedule of its monthly portfolio holdings on “Form N-PORT.” The Fund’s holdings as of the end of the third month of every fiscal quarter, as reported on Form N-PORT, will be publicly available on the SEC’s website at www.sec.gov within 60 days of the end of the fiscal quarter upon filing.

section sign disclosure PDF file consists of a President's Message or Market Overview (if applicable) and Annual/Semi-Annual Shareholder Report. NOTE: To be sure you have the most recent information, please access both the Annual Report and the Semi-Annual Report.

Distributions and Taxes

Standard Performance

 
DISCLOSURES

The fund is the successor to the Hancock Horizon Quantitative Long/Short Fund (the “Predecessor Fund”) pursuant to a reorganization involving the fund and the Predecessor Fund that occurred on 9/27/2021. The Predecessor Fund is both the tax and accounting survivor of the reorganization. Prior to the date of the reorganization, the fund had no investment operations. Accordingly, the performance information for periods prior to the reorganization (the fund’s commencement of operations) is historical information for the Predecessor Fund. The Predecessor Fund pursued different investment strategies than the fund, so the performance of the fund is likely to differ after the reorganization. References to the fund throughout should be read to include the Predecessor Fund.

dagger disclosure The fund's expense ratio is from the most recent prospectus. The expense ratio may reflect voluntary fee waivers and/or expense reimbursements determined by the fund's Advisor and/or its affiliates. The voluntary waivers and/or reimbursements, if applicable, are in effect up to but not including the later of 03/01/2023 or the date of the fund's next effective prospectus. The expense ratio includes Dividends and Other Expenses Related to Short Sales. If Dividends and Other Expenses Related to Short Sales were excluded, the total net expenses would have been 1.09%.

The 3-year beta represents the 3-year beta relative to the Russell 3000 Index. While not the fund’s official ICE BofA 3-Month Treasury Bill Index benchmark, the fund uses the Russell 3000 Index as its representation for the broad equity market. For periods prior to 9/27/21, the figure is based on the historic returns of the Federated Hermes MDT Market Neutral Institutional Composite, which is a performance composite consisting of all private accounts and funds with substantially similar investment objectives, strategies, policies and risks to those of the fund that also are managed by the fund’s investment adviser Federated MDTA LLC, and not that of the fund or the predecessor fund. As a market neutral fund, the fund targets a near-zero beta relative to the broad equity market, which was not an objective of the predecessor fund.

*Totals may not add or match due to rounding.

While the Fund anticipates paying capital gains annually, the Fund may make such special distributions of dividends and capital gains as necessary to meet applicable regulatory requirements.

The quantitative models and analysis used by the fund may perform differently than expected and negatively affect fund performance.

There is no guarantee that the use of long and short positions will succeed in limiting the Fund’s exposure to domestic stock market movements, capitalization, sector-swings or other risk factors.

The fund may make short sales of securities, which involves unlimited risk including the possibility that losses may exceed the original amount invested.

Small company stocks may be less liquid and subject to greater price volatility than large capitalization stocks.

Mid-capitalization companies often have narrower markets and limited managerial and financial resources compared to larger and more established companies.

After-tax returns are calculated using a standard set of assumptions. Actual after-tax returns depend on each investor’s personal tax situation, and are likely to differ from those shown. The stated returns assume the highest historical federal income and capital gains tax rates, but do not reflect the effect of any applicable state and local taxes. Return After Taxes on Distributions assumes a continued investment in the fund and shows the effect of taxes on fund distributions. Return After Taxes on Distribution and Sale of Fund Shares assumes all shares were redeemed at the end of each measurement period, and shows the effect of any taxable gain (or offsetting loss) on redemption, as well as the effects of taxes on fund distributions. After-tax returns are not relevant to investors holding shares through tax-deferred programs, such as IRA, 401(k) plans. The after-tax average annual total returns are based on the 37% tax bracket and include the 3.8% tax on net investment income.

Total returns for periods of less than one year are cumulative.

Total return may have been lower in the absence of temporary expense waivers or reimbursements.

Mutual funds are subject to risks and fluctuate in value.

Product classifications noted at the top are Federated Hermes' internal classifications.

The holdings percentages are based on net assets at the close of business on the date above, and may not necessarily reflect adjustments that are routinely made when presenting net assets for formal financial statement purposes. Because this is a managed portfolio, the investment mix will change.

Current and future portfolio holdings are subject to risk.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a summary prospectus or prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the summary prospectus or prospectus before investing.

Federated Securities Corp., Distributor

Not FDIC Insured
May Lose Value
No Bank Guarantee