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Morningstar

Federated Hermes MDT Market Neutral IS QQMNX

Morningstar Medalist Rating
Medalist Rating as of | See Federated Hermes Investment Hub
  • NAV / 1-Day Return —  /  —
  • Total Assets 306.7 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.610%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Long-Short Equity
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 0.09%
  • Turnover 270%

Morningstar’s Analysis QQMNX

Will QQMNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QQMNX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the QQMNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of QQMNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Federated Hermes MDT Market Neutral IS's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings QQMNX

More QQMNX Holdings
  • Current Portfolio Date
  • Equity Holdings 405
  • Bond Holdings 0
  • Other Holdings 2
  • % Assets in Top 10 Holdings 2.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Usd

87.00
263,842,275
Cash and Equivalents

Federated Hermes Inst Prime Val Obl IS

7.85
23,804,376
Cash and Equivalents

Spotify Technology SA

2.58
7,831,790
Communication Services

Expedia Group Inc

2.29
6,934,341
Consumer Cyclical

Pegasystems Inc

2.25
6,817,352
Technology

Kilroy Realty Corp

2.23
6,776,148
Real Estate

Teladoc Health Inc

2.08
6,308,377
Healthcare

Zoom Video Communications Inc

1.61
4,891,976
Technology

Lamb Weston Holdings Inc

1.58
4,797,898
Consumer Defensive

Airbnb Inc Ordinary Shares - Class A

1.50
4,559,420
Consumer Cyclical