Federated Hermes MDT Market Neutral ETF (MKTN)

The Federated Hermes MDT Market Neutral ETF is an actively managed fund from Federated Hermes, the Pittsburgh-based asset manager, using the quantitative investment process of its MDT Advisers team. It seeks returns that are largely independent of the direction of the U.S. stock market.

The strategy takes long positions in U.S. stocks its models favor and short positions in stocks they view unfavorably, aiming to keep overall market exposure close to neutral so that results depend mainly on stock selection.