Morningstar

Federated Hermes MDT Market Neutral Fund Institutional Shares QQMNX

Rating as of Sep 30, 2026 See Federated Hermes Investment Hub

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.

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
QQMNX	Federated Hermes MDT Market Neutral Fund Institutional Shares	Institutional	Open		—	Sep 30, 2008	$2.46B	1.050%	Below Average	$1M	$765.39M
QAMNX	Federated Hermes MDT Market Neutral Fund A Shares	Front Load	Open		—	Sep 30, 2008	$255.37M	1.300%	Below Average	$1,500	−$4.45M

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