{
 "ticker": "MKTN",
 "name": "Federated Hermes MDT Market Neutral ETF",
 "issuer": "Federated Hermes",
 "desk": "alternatives",
 "url": "https://etfiq.com/funds/mktn",
 "html": "https://etfiq.com/funds/mktn",
 "markdown": "https://etfiq.com/funds/mktn.md",
 "as_of": "2026-09-18",
 "verdict": "MKTN has less than a year of prices, so ETFIQ does not yet measure how it moves with the S&P 500.",
 "key_facts": [
  {
   "key": "total_return_since_it_listed",
   "label": "Total return since it listed",
   "value": "+12.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MKTN, total return since it listed: +12.3%, as of Sep 18, 2026."
  },
  {
   "key": "s_p_500_over_the_same_days",
   "label": "S&P 500 over the same days",
   "value": "+17.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MKTN, s&P 500 over the same days: +17.0%, as of Sep 18, 2026."
  },
  {
   "key": "against_the_s_p_500",
   "label": "Against the S&P 500",
   "value": "\u22124.7 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MKTN, against the S&P 500: \u22124.7 pts, as of Sep 18, 2026."
  },
  {
   "key": "days_it_has_traded",
   "label": "Days it has traded",
   "value": "90",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MKTN, days it has traded: 90, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$107m",
   "source": "SEC N-PORT, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "MKTN, net assets: $107m (SEC N-PORT, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.94%",
   "source": "485BPOS XBRL, Feb 24, 2026",
   "as_of": "2026-09-18",
   "sentence": "MKTN, expense ratio: 1.94% (485BPOS XBRL, Feb 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "issuer",
   "label": "Issuer",
   "value": "Federated Hermes",
   "source": null
  },
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "Market neutral",
   "source": "ETFIQ, from its prospectus"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.94%",
   "source": "485BPOS XBRL, Feb 24, 2026"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$107m",
   "source": "SEC N-PORT, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "listed_since",
   "label": "Listed since",
   "value": "Sep 25, 2025",
   "source": null
  },
  {
   "key": "days_traded",
   "label": "Days traded",
   "value": "90",
   "source": null
  },
  {
   "key": "quoted",
   "label": "Quoted",
   "value": "on an exchange, every trading day",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "The fund": "+9.1%",
   "S&P 500": "+2.3%",
   "Difference, percentage points": "+6.8 pts"
  },
  {
   "window": "6 months",
   "The fund": "+7.4%",
   "S&P 500": "+18.0%",
   "Difference, percentage points": "\u221210.6 pts"
  },
  {
   "window": "Since it listed",
   "The fund": "+12.3%",
   "S&P 500": "+17.0%",
   "Difference, percentage points": "\u22124.7 pts"
  }
 ],
 "questions": [
  {
   "q": "What does MKTN cost?",
   "a": "The prospectus expense ratio is 1.94% a year."
  },
  {
   "q": "Why is MKTN listed as market neutral?",
   "a": "ETFIQ files each fund by what its own prospectus says it does, and MKTN\u2019s, filed Feb 24, 2026, describes a market neutral fund."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}