QQMNX Performance — Federated Hermes MDT Market Neutral Fund, Institutional Shares
Data updated: 2026-08-25
QQMNX returned 0.00% year to date and +3.71% over one year to Jun 2026. Annualised returns are +11.15% over 3 years and +10.37% over 5 years. The fund trailed its US Multi-Cap Blend category average: $100 invested three years ago grew to $137, against $143 for the category, and to $104 over one year, against $116. Volatility over the past three years was 5.09% a year. In the 12 months to Jun 2026 the fund took in a net $791.4M, and assets reached $2.35B.
QQMNX Growth of $100
What $100 invested in Federated Hermes MDT Market Neutral Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | QQMNX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $116 |
| 3 years (Jul 2023 – Jun 2026) | $137 | $143 |
| 5 years (Jul 2021 – Jun 2026) | $164 | $136 |
QQMNX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | 0.00% |
| 1 year | +3.71% |
| 3 years (annualised) | +11.15% |
| 5 years (annualised) | +10.37% |
QQMNX Annual Returns
Calendar-year total returns of Federated Hermes MDT Market Neutral Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | 0.00% |
| 2025 | +10.28% |
| 2024 | +17.58% |
| 2023 | +4.97% |
| 2022 | +9.45% |
| 2021 (Jul–Dec) | +9.96% |
QQMNX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.4% | +1.9% | −0.1% | −2.6% | +1.3% | −0.1% | — | — | — | — | — | — |
| 2025 | +2.5% | −0.8% | +1.8% | +1.6% | +1.1% | +0.1% | −0.4% | −0.1% | −0.1% | +0.3% | +1.3% | +2.5% |
| 2024 | +3.5% | +4.0% | +1.2% | −0.7% | +0.7% | +0.2% | +0.8% | +2.7% | +2.3% | +2.6% | +0.2% | −1.1% |
| 2023 | +3.6% | +1.1% | −2.7% | −1.6% | −2.4% | +1.2% | +1.4% | +2.1% | +1.6% | +2.1% | +0.8% | −2.1% |
| 2022 | −0.2% | −0.3% | +0.3% | +0.9% | +3.7% | −0.3% | −1.6% | −4.5% | +3.8% | +1.6% | +4.7% | +1.5% |
| 2021 | — | — | — | — | — | — | 0.0% | 0.0% | −2.6% | +3.5% | +8.1% | +0.8% |
QQMNX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.09%
- 3-year Sharpe ratio: 1.30 (vs 4.5% risk-free rate)
- Best month: +4.02% (Feb 2024)
- Worst month: −2.65% (Apr 2026)
QQMNX Fund Flows
Monthly money in and out of Federated Hermes MDT Market Neutral Fund, from SEC Form N-PORT.
- 12-month net flow: $791.4M
- 12-month gross sales (incl. reinvestments): $1.5B
- Sales ÷ redemptions: 2.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $96.4M | $53.7M | $42.8M |
| May 2026 | $105.7M | $70.1M | $35.6M |
| Apr 2026 | $120.3M | $65.1M | $55.2M |
| Mar 2026 | $194.6M | $38.3M | $156.3M |
| Feb 2026 | $122.8M | $42.6M | $80.3M |
| Jan 2026 | $123.9M | $73.8M | $50.2M |
| Dec 2025 | $116.6M | $66.4M | $50.2M |
| Nov 2025 | $92.5M | $30.3M | $62.2M |
| Oct 2025 | $137.3M | $55.7M | $81.6M |
| Sep 2025 | $93.7M | $117.5M | −$23.8M |
| Aug 2025 | $94.4M | $93.3M | $1.1M |
| Jul 2025 | $235.2M | $35.3M | $199.8M |
QQMNX Assets Under Management
Net assets of Federated Hermes MDT Market Neutral Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.35B |
| 2026-03-31 | $2.25B |
| 2025-12-31 | $1.93B |
| 2025-09-30 | $1.70B |
| 2025-06-30 | $1.53B |
| 2025-03-31 | $1.26B |
| 2024-12-31 | $923.80M |
| 2024-09-30 | $654.25M |
| 2024-06-30 | $456.51M |
| 2024-03-31 | $423.57M |
| 2023-12-31 | $332.47M |
| 2023-09-30 | $305.04M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.