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Launched · SEC filings

Federated Hermes MDT Large Cap Growth ETF

FLCGNYSE ArcaFederated HermesB

$33.02−0.37 (−1.11%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 9 of 90 in US Active Growth

B68/100Rank 9 of 90inUS Active Growth
Intraday session: down, 79 prints from 33.39 to 33.02. Range 33.02 to 33.77. Use the arrow keys to read each point.33.2033.6033.8010 AM12 PM2 PM4 PM
Expense ratio
0.39%*
Fund size
$702M
1Y total return
−0.3%
Yield · Last 12 months
0.05%
Holdings
101
Avg volume · 30D
75.3K sh
52W range
low $28.69high $36.73
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 1, 2027. Without it: 0.51%.

The ETF.net FLCG Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
US Active Growth⁠
Rank
9 of 90
Six-pillar profile for FLCG. Scores out of 100: Cost 82, Risk 59, Mission not scored, Tradability 63, Holdings 54, Durability 68. Strongest: Cost (82). Weakest: Holdings (54). Based on 5 of 6 pillars.

Score 68 of 100 falls in the B 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.
    A82 out of 100
    Rank 14 of 90

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 26 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B63 out of 100
    Rank 23 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 51 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 29 of 90

Our read on FLCG

ETF.net Research

In short

BFederated Hermes dropped its decades-old MDT quant engine into an ETF in 2024: a bottom-up model picks roughly 100 large-cap growth names from the Russell 1000 Growth universe, aiming for an edge without straying far from the benchmark.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • Cheap for an active mandate: 0.39% net of a waiver through May 1, 2027 (0.51% gross), below the median fee in its large-growth peer group.federatedhermes.com
  • The ETF is young, the engine is not. MDT has run systematic US equity strategies since 1991, and this large-cap growth mandate has an institutional track record dating to 2004.hermes-investment.comfederatedhermes.com
  • Risk control is written into the mandate: the strategy targets excess return with moderate tracking error versus the Russell 1000 Growth Index, so style drift stays contained.federatedhermes.com
  • Around 100 holdings and a stated aim of long-term capital appreciation, which makes this a broad slice of US growth rather than a handful of concentrated bets.

Worth knowing

  • Systematic large-growth exposure comes cheaper elsewhere: JUSA and FELG each charge 0.18%, with no waiver propping up the number.
  • The ETF only started trading in 2024, so the risk picture rests on a short window of its own data rather than a full market cycle.
  • Volume is moderate rather than heavy, so spreads can widen in fast markets, and distributions land once or twice a year, not monthly.

FLCG Performance

Launched Jul 30, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FLCG$9,966
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FLCG $9,966. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for FLCG. Periods over one year show the average yearly return.
PeriodFLCG
Year to date+1.0%
1 month−6.2%
3 months−1.1%
1 year−0.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLCG
YearReturn barFLCG
2026 YTD+1.0%
2025+16.9%
2024+12.9%

History from Jul 31, 2024

FLCG in the news

FLCG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.05%Last 12 months
Payout per share
$0.02Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 31, 2024 $0.02; Dec 31, 2025 $0.02. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.02
Dec 31, 2024Jan 2, 2025$0.02

$10,000 in FLCG 1 year ago paid $4.68 in dividends.

FLCG Risk

Risk pillarB59 out of 100Rank 26 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
16.1%
Annualised · 27 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.62
vs 3-month T-bills · 27 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−23.0%
26 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FLCG Cost

Compare FLCG and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$4,149

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLCG 0.39%

    $7,898

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • FLCG 0.39%
  • FELG 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FLCG $7,898FELG $3,749

Year by year

YearFLCGFELGOverpaying
10$705$328$377
20$2,725$1,281$1,444
30$7,898$3,749$4,149
How the 0.39% is worked out

Full fee 0.51%− waiver 0.12%= you pay 0.39%

The waiver ends May 1, 2027. After that the fee is 0.51% unless Federated Hermes renews it. Source: prospectus, Apr 2026.

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