Federated Hermes MDT Large Cap Core ETF
$37.03+0.05 (+0.14%)
- 0.40%
- $179M
- +19.5%
- 0.44%
- 0M sh
- $37.09
- low $29.88high $37.55
The ETF.net FLCC Grade
Score 37 out of 100
- 25 of 29
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 21 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 18 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 16 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 18 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 23 of 29
Our read on FLCC
DA quant model, not a star stock picker, builds this large-cap US portfolio. Federated Hermes launched FLCC in 2024 at 0.40%, well under what the typical active US equity ETF charges, which is an unusual price tag for an active fund.
The fund seeks long-term capital appreciation primarily through common stocks of large-capitalization U.S. companies.
Why people hold it
- 0.40% a year, against a 0.65% median for active US equity ETFs. Active management without the usual active toll.
- Process over hunches: a quantitative screen drives security selection inside a plain mandate of large-cap US common stocks aimed at long-term capital appreciation.
- In a crowded field of active US equity ETFs, it lands in the upper tier of our review on the combination of cost, portfolio construction and structure.
Worth knowing
- Thinly traded and small in assets. Spreads can run wider than the category giants, so limit orders matter more here than with a mega-fund.
- Launched in 2024, so the model has not yet been tested across a full market cycle in this wrapper.
- Systematic rivals cost less: DFAU charges 0.12% and AVLC 0.15% for broad US core exposure, roughly a third of FLCC's fee.
FLCC Holdings
- Stocks
- 157
- 39%
- NVDA
Sectors
- Technology42.4%
- Financials11.2%
- Health Care9.7%
- Consumer Discretionary8.8%
- Communication8.7%
- Industrials8.1%
- Consumer Staples3.3%
- Energy2.9%
- Materials2.8%
- Real Estate1.3%
- Utilities0.9%
Geography
- United States97.18%
- Ireland1.11%
- Bermuda0.96%
- Canada0.55%
- Australia0.20%
FLCC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FLCC |
|---|---|
| Year to date | +13.8% |
| 1 month | +1.3% |
| 3 months | +3.3% |
| 1 year | +19.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FLCC |
|---|---|---|
| 2026 YTD | +13.8% | |
| 2025 | +16.6% | |
| 2024 | +9.9% |
FLCC in the news
No ETF.net Research article names FLCC yet.
FLCC Dividends
- 0.44%
- $0.16
- $0.16 per share
- Irregular
Distribution history
FLCC Risk
- 12.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.05
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLCC Cost
- The middle half of US Large-Cap funds
- Median 0.20%
20 of the 28 US Large-Cap funds charge less.
Other funds in US Large-Cap
- DAQLGHCM Large Cap Growth ETFExpense ratio 0.65%1 year return —
- DJLCOJohn Hancock Large Cap Opportunities ETFExpense ratio 0.39%1 year return —
- DSGLCSGI U.S. Large Cap Core ETFExpense ratio 0.85%1 year return +28.5%
- DMAGATruth Social America First ETFExpense ratio 0.72%1 year return +9.8%
- FBOBPCORE16 Best of Breed Premier Index ETFExpense ratio 0.70%1 year return +18.8%