Federated Hermes MDT Large Cap Core ETF
$36.51−0.23 (−0.64%)
- Expense ratio
- 0.40%
- Fund size
- $156M
- 1Y return
- +14.5%
- Yield · Last 12 months
- 0.45%
- Holdings
- 150
- Volume · 30D
- 0M sh
- NAV per share
- $36.84
- 52W range
The ETF.net FLCC Grade
Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 27Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 35Category rank
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
- 150
- 39%
- NVDA
Sectors
- Technology41.1%
- Financials11.6%
- Health Care9.8%
- Consumer Discr.8.9%
- Communication8.7%
- Industrials8.3%
- Cons. Staples3.5%
- Materials2.9%
- Energy2.8%
- Real Estate1.2%
- Utilities1.1%
Geography
- United States97.14%
- Bermuda1.06%
- Ireland1.02%
- Canada0.59%
- Australia0.19%
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 Sep 22, 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 | +13.4% |
| 1 month | +0.3% |
| 3 months | +5.7% |
| 1 year | +14.5% |
| 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 | +13.4% | |
| 2025 | +16.6% | |
| 2024 | +9.9% |
FLCC in the news
ETF.net Research hasn’t filed on FLCC yet — coverage lands here as it’s written.
FLCC Dividends
- 0.45%
- $0.16
- $0.16 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 31, 2025 | Jan 2, 2026 | $0.16 |
| Dec 31, 2024 | Jan 2, 2025 | $0.05 |
FLCC Risk
- 12.8%
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.
- 1.14
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.