---
ticker: "MKTN"
name: "Federated Hermes MDT Market Neutral ETF"
url: "https://etf.net/etf/MKTN"
grade: "C"
score: 43
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "18 of 30"
methodology: "https://etf.net/methodology"
---

# MKTN: Federated Hermes MDT Market Neutral ETF

Grade **C**, Score 43 of 100. Rank 18 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 16 | 25 of 30 |
| Mission | Not scored | — |
| Risk | 80 | 5 of 30 |
| Tradability | 63 | 10 of 30 |
| Holdings | Not scored | — |
| Durability | 46 | 25 of 30 |

## Top holdings

The fund holds 228 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Federated Govt Oblg Pr Shares | 78.61% |
| 2 | FTNT | Fortinet Inc Common Stock USD.001 | 2.62% |
| 3 | CRWD | Crowdstrike Holdings Inc A Common Stock | 2.57% |
| 4 | ABBV | AbbVie Inc Common Stock USD.01 | 2.50% |
| 5 | FI | Fiserv Inc Common Stock USD.01 | 2.47% |
| 6 | INTU | Intuit Inc Common Stock USD.01 | 2.40% |
| 7 | GE | General Electric Common Stock USD.01 | 2.36% |
| 8 | TRV | Travelers Cos Inc/The Common Stock | 2.17% |
| 9 | GEV | Ge Vernova Inc Common Stock USD.01 | 2.15% |
| 10 | FIVE | Five Below Common Stock USD.01 | 2.01% |
| 11 | TEAM | Atlassian Corp Class A Common Stock USD.00001 | 1.84% |
| 12 | BNY | Bank of New York Mellon Corp Common Stock | 1.80% |
| 13 | NVDA | NVIDIA Corp Common Stock USD.001 | 1.80% |
| 14 | ANET | Arista Networks Inc Common Stock USD.0001 | 1.62% |
| 15 | STT | State Street Corp Common Stock USD1.0 | 1.62% |
| 16 | REGN | Regeneron Pharmaceuticals Common Stock USD.001 | 1.61% |
| 17 | VIK | Viking Holdings Ltd Common Stock USD.01 | 1.53% |
| 18 | AAP | Advance Auto Parts Inc Common Stock USD.0001 | 1.42% |
| 19 | COST | Costco Wholesale Corp Common Stock USD.005 | 1.41% |
| 20 | IT | Gartner Inc Common Stock USD.0005 | 1.33% |
| 21 | NEM | Newmont Corp Common Stock USD1.6 | 1.31% |
| 22 | PYPL | PayPal Holdings Inc Common Stock | 1.28% |
| 23 | NTAP | Netapp Inc Common Stock USD.001 | 1.27% |
| 24 | HUM | Humana Inc Common Stock USD.1666666 | 1.26% |
| 25 | JXN | Jackson Financial Inc A Common Stock USD.01 | 1.21% |
| 26 | CSGP | Costar Group Inc Common Stock USD.01 | 1.19% |
| 27 | CART | Maplebear Inc Common Stock USD.0001 | 1.05% |
| 28 | IBKR | Interactive Brokers Gro Class A Common Stock USD.01 | 1.04% |
| 29 | LULU | Lululemon Athletica Inc Common Stock USD.005 | 1.04% |
| 30 | MRNA | Moderna Inc Common Stock USD.0001 | 1.03% |

Source: etf.net, https://etf.net/etf/MKTN. Please cite the page URL.