# Federated Hermes MDT Market Neutral ETF (MKTN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mktn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Federated Hermes · Asset class: Alternatives - Strategy: Actively Managed · Inception: 2025-09-24 This actively managed equity ETF, the Federated Hermes MDT Market Neutral ETF, is designed to pursue sustained capital appreciation over an extended period. It achieves this by intentionally minimizing its susceptibility to general stock market fluctuations. The fund employs sophisticated quantitative models to systematically identify and execute both long and short equity positions, primarily within companies listed in the Russell 3000 index. The overarching goal is to deliver investment returns that exhibit minimal correlation with the broader market's performance. ## Key Facts | Metric | Value | |---|---| | Price | $28.48 | | Expense Ratio | 2.27% | | Assets Under Management | $158.2M | | NAV | $28.45 | | Holdings Count | 219 | | Distribution Yield (TTM) | 0.23% | | Annual Distribution (TTM) | $0.07 /share | | Distribution Frequency | Irregular | | 52-Week Range | $24.58 – $29.07 | | Beta | -0.16 | ## Latest Distribution - Amount: $0.0655 /share - Ex-date: 2025-12-31 - Pay date: 2026-01-02 ## Frequently Asked Questions ### What does MKTN invest in? This actively managed equity ETF, the Federated Hermes MDT Market Neutral ETF, is designed to pursue sustained capital appreciation over an extended period. It achieves this by intentionally minimizing its susceptibility to general stock market fluctuations. The fund employs sophisticated quantitative models to systematically identify and execute both long and short equity positions, primarily within companies listed in the Russell 3000 index. The overarching goal is to deliver investment returns that exhibit minimal correlation with the broader market's performance. ### What is the expense ratio of MKTN? Federated Hermes MDT Market Neutral ETF (MKTN) charges an expense ratio of 2.27%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MKTN? Federated Hermes MDT Market Neutral ETF (MKTN) manages $158.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MKTN actively managed or an index fund? MKTN is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MKTN's is 2.27%) in exchange for the discretion to over- or under-weight positions. ### When was MKTN launched? Federated Hermes MDT Market Neutral ETF (MKTN) launched in September 2025 and is managed by Federated Hermes. ### How has MKTN performed? MKTN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MKTN pay a dividend? Federated Hermes MDT Market Neutral ETF (MKTN) currently distributes little or no income. Trailing-twelve-month yield is 0.23%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MKTN pay dividends? Federated Hermes MDT Market Neutral ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MKTN's dividend yield? MKTN's trailing-twelve-month yield is 0.23%, calculated from the sum of dividends over the past year divided by the current price. ### When is MKTN's next ex-dividend date? The most recently announced ex-dividend date for MKTN was 2025-12-31. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MKTN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.27% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MKTN charge its expense ratio? The expense ratio is deducted in tiny daily slices from MKTN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MKTN cost more than a fund like VOO? MKTN is actively managed (current expense ratio 2.27%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MKTN's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MKTN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MKTN (2.27%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mktn - Distribution history: https://www.dividenddata.com/funds/mktn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mktn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mktn/expenses - Peer comparison: https://www.dividenddata.com/funds/mktn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.