Federated Hermes MDT Market Neutral A (QAMNX)
The Fund seeks to provide long-term capital appreciation while limiting exposure to general stock market risk.
Fund Info
31423A4403
Sep 30, 2008
$1,000,000
Mid-Cap
Blend
Expense Ratio
QAMNX has a high expense ratio of 1.86%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Federated Hermes MDT Market Neutral A (QAMNX) returned 6.16% year-to-date (YTD) and 14.67% over the past 12 months.
QAMNX
6.16%
1.12%
5.03%
14.67%
10.96%
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of QAMNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.44% | -0.80% | 1.75% | 1.53% | 1.12% | 6.16% | |||||||
| 2024 | 3.46% | 3.97% | 1.20% | -0.65% | 0.43% | 0.43% | 0.75% | 2.67% | 2.23% | 2.59% | 0.20% | -1.07% | 17.33% |
| 2023 | 3.53% | 1.17% | -2.71% | -1.65% | -2.43% | 1.23% | 1.33% | 2.14% | 1.63% | 2.00% | 0.73% | -2.14% | 4.71% |
| 2022 | -0.23% | -0.34% | 0.28% | 0.85% | 3.64% | -0.38% | -1.63% | -4.54% | 3.81% | 1.49% | 4.69% | 1.52% | 9.19% |
| 2021 | -0.16% | 5.50% | 6.06% | 0.51% | 12.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, QAMNX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes MDT Market Neutral A (QAMNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Federated Hermes MDT Market Neutral A provided a 1.75% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $1.01 | $2.03 | $3.69 |
Dividend yield | 1.75% | 1.85% | 5.89% | 11.74% | 20.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes MDT Market Neutral A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $1.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $1.50 | $2.03 |
| 2021 | $3.69 | $3.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes MDT Market Neutral A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes MDT Market Neutral A was 17.97%, occurring on Aug 31, 2022. Recovery took 358 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.97% | Dec 10, 2021 | 182 | Aug 31, 2022 | 358 | Feb 5, 2024 | 540 |
| -16.77% | Dec 7, 2021 | 1 | Dec 7, 2021 | 1 | Dec 8, 2021 | 2 |
| -3.3% | Nov 13, 2024 | 25 | Dec 18, 2024 | 30 | Feb 4, 2025 | 55 |
| -3.13% | Mar 22, 2024 | 80 | Jul 17, 2024 | 17 | Aug 9, 2024 | 97 |
| -2.9% | Sep 28, 2021 | 3 | Sep 30, 2021 | 16 | Oct 22, 2021 | 19 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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