Nasdaq - Delayed Quote USD
Federated Hermes MDT Market Neutral Fund Class A Shares (HHQTX)
19.65
0.00
(0.00%)
At close: February 14 at 8:00:23 PM EST
Fund Summary
The investment seeks long-term capital appreciation. The fund seeks long-term capital appreciation by taking long and short positions in equity securities of publicly-traded companies in the United States. Using a quantitative model developed by the Adviser, it buys stocks "long" that the Adviser believes are undervalued relative to their peers, and sells stocks "short" that the Adviser believes are overvalued relative to their peers. The fund typically maintains a net long exposure of approximately 45-115% and the Adviser expects that, on average, 0-35% of the fund's assets will be sold "short."
Risk Overview
| Morningstar Risk Rating | |
| Best 1Y Total Return | 24.88% |
| Worst 1Y Total Return | -5.61% |
| Number of Years Up | 10 |
| Number of Years Down | 2 |
Performance & Risk
| YTD Return | 4.40% |
| 5y Average Return | 4.46% |
| Rank in Category (ytd) | 44 |
| % Rank in Category (ytd) | -- |
| Beta (5Y Monthly) | 0.60 |
| Morningstar Risk Rating |
Risk Statistics
| 3 Years | 5 Years | 10 Years | ||||
|---|---|---|---|---|---|---|
| HHQTX | Category Average | HHQTX | Category Average | HHQTX | Category Average | |
| Alpha | -8.54 | -0.02 | -6.19 | -0.02 | -3.57 | -0.03 |
| BETA | 0.6 | 0.01 | 0.6 | 0 | 0.65 | 0.01 |
| Mean Annual Return | 0.25 | 0.01 | 0.41 | 0.01 | 0.6 | 0 |
| R-squared | 87.68 | 0.58 | 85.62 | 0.54 | 78.98 | 0.54 |
| Standard Deviation | 11.83 | 0.13 | 9.71 | 0.11 | 9.81 | 0.1 |
| Sharpe Ratio | 0.16 | 0 | 0.39 | 0.01 | 0.66 | 0 |
| Treynor Ratio | 1.94 | 0.05 | 5.71 | 0.16 | 9.62 | 0.07 |
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