MKTN – Federated Hermes MDT Market Neutral ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The fund manager seeks to achieve its objective by selecting long positions in publicly traded common stocks which the fund’s 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MKTN	Federated Hermes MDT Market Neutral ETF	ETF	Open	—	—	Sep 24, 2025	$143.32M	0.980%	—	—	$132.36M

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