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
| CUSIP | 31423A4403 |
|---|---|
| Issuer | Federated |
| Inception Date | Sep 30, 2008 |
| Category | Long-Short |
| Min. Investment | $1,000,000 |
| Home Page | www.federatedinvestors.com |
| Asset Class | Alternatives |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
QAMNX has a high expense ratio of 1.86%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: QAMNX vs. BDMIX, QAMNX vs. VMNFX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes MDT Market Neutral A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes MDT Market Neutral A had a return of 20.65% year-to-date (YTD) and 18.14% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 20.65% | 25.48% |
| 1 month | 3.37% | 2.14% |
| 6 months | 11.37% | 12.76% |
| 1 year | 18.14% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.46% | 3.97% | 1.20% | -0.65% | 0.43% | 0.43% | 0.75% | 2.67% | 2.23% | 2.59% | 20.65% | ||
| 2023 | 3.53% | 1.17% | -2.71% | -1.65% | -2.43% | -1.77% | 1.33% | 2.14% | 1.63% | 2.00% | 0.73% | -2.13% | 1.60% |
| 2022 | -0.22% | -0.34% | 0.28% | 0.85% | 3.64% | -0.38% | -1.63% | -7.44% | 3.81% | 1.49% | 4.69% | -6.70% | -2.70% |
| 2021 | -0.16% | 5.50% | 6.06% | -16.82% | -7.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QAMNX is 73, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Federated Hermes MDT Market Neutral A provided a 2.47% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $0.51 | $0.51 |
Dividend yield | 2.47% | 2.98% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.51 | $0.51 |
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.
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 24.51%, occurring on Jun 14, 2023. The portfolio has not yet recovered.
The current Federated Hermes MDT Market Neutral A drawdown is 1.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.51% | Nov 30, 2021 | 387 | Jun 14, 2023 | — | — | — |
| -2.9% | Sep 28, 2021 | 3 | Sep 30, 2021 | 16 | Oct 22, 2021 | 19 |
| -2.83% | Nov 1, 2021 | 1 | Nov 1, 2021 | 6 | Nov 9, 2021 | 7 |
| -2.05% | Oct 26, 2021 | 2 | Oct 27, 2021 | 2 | Oct 29, 2021 | 4 |
| -0.71% | Nov 22, 2021 | 1 | Nov 22, 2021 | 4 | Nov 29, 2021 | 5 |
Volatility
Volatility Chart
The current Federated Hermes MDT Market Neutral A volatility is 2.08%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.