Federated Hermes MDT Market Neutral ETF
MKTN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Daniel J. Mahr
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1001 Liberty Avenue Pittsburgh PA United States of America 15222
- IPO Date
- Sep 25, 2025
- CIK
- 0001849998
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes ETF Trust - Federated Hermes MDT Market Neutral ETF (NYSE: MKTN) is an actively managed exchange-traded fund that seeks long-term capital appreciation while limiting exposure to general stock market risk through a quantitative-driven market neutral equity strategy. The ETF employs long and short positions primarily in companies within the Russell 3000 Index universe, balancing mid-cap blend style investments to generate returns uncorrelated to broad market direction; it utilizes derivative instruments and may engage in short sales of securities. Managed by the MDT investment team at Federated Hermes MDT Advisers, including Daniel Mahr, Damien Zhang, Frederick L. Konopka, and John Paul Lewicke, the fund leverages three decades of experience in systematic portfolio construction originally developed for the related Federated Hermes MDT Market Neutral Fund. Federated Hermes ETF Trust, the issuer, operates as part of Federated Hermes, Inc. (NYSE: FHI), a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, with principal executive offices at 4000 Ericsson Drive, Warrendale, PA. The Trust offers a range of exchange-traded funds spanning equity, fixed-income, and alternative strategies, serving institutional and retail investors including corporations, government entities, insurance companies, foundations, endowments, banks, and broker-dealers primarily in the United States. In a major recent development, Federated Hermes launched the MDT Market Neutral ETF on September 25, 2025, expanding its active ETF lineup to more than $1.2 billion in assets as of August 31, 2025, following four additional ETF introductions the prior year. This new offering builds on Federated Hermes MDT Advisers' $21.4 billion in strategies across mutual funds, institutional separate accounts, SMAs, collective funds, and ETFs as of June 30, 2025, amid robust industry ETF flows 35% ahead of the prior year. The ETF commenced trading on the NYSE Arca shortly after inception, providing investors enhanced access to market-neutral alternatives in a volatile environment.