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Federated Hermes MDT Large Cap Value ETF

FLCVNYSE ArcaB

$37.02+0.01 (+0.02%)

As of Oct 13, 2026, 3:55 PM

B65/ 100

Rank 12 of 66 in US Active Value

B65/100Rank 12 of 66inUS Active Value
Intraday session: up, 22 prints from 37.01 to 37.02. Range 36.96 to 37.18. Use the arrow keys to read each point.36.9537.0537.1037.1510 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$211M
1Y total return
+26.0%
Yield · Last 12 months
0.69%
Holdings
127
Avg volume · 30D
0M sh
NAV per share
$36.86
52W range
low $29.60high $38.29
Launched

The ETF.net FLCV Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
US Active Value⁠
Rank
12 of 66
Six-pillar profile for FLCV. Scores out of 100: Cost 68, Risk 74, Mission not scored, Tradability 58, Holdings 67, Durability 47. Strongest: Risk (74). Weakest: Durability (47). Based on 5 of 6 pillars.

Score 65 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.
    B68 out of 100
    Rank 21 of 66

  • 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.
    A74 out of 100
    Rank 6 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 22 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 24 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 42 of 66

Our read on FLCV

ETF.net Research

BFederated Hermes hands its MDT desk an ETF wrapper: an active hunt for undervalued US large caps, priced well below the typical active value fund. Young, small, and punching above its size.

Stated mandate

The fund seeks long-term capital appreciation by investing primarily in common stocks of large-cap U.S. companies that are considered undervalued.

Why people hold it

  1. 01Charges 0.43%, under the median for active US value ETFs. Active pricing without the active sticker shock.
  2. 02Rates as one of the stronger all-around builds in a crowded field of active US value ETFs, on cost, risk profile and portfolio construction together.
  3. 03One legible job: long-term capital appreciation from undervalued large-cap US common stocks. No overseas drift, no side quests.

Worth knowing

  1. 01Launched in 2024, so the record is short and the risk picture rests on limited history. Value strategies usually need a full cycle to show their character.
  2. 02Thinly traded with a small asset base, so spreads can run wider than at the category's heavyweights.
  3. 03Systematic value rivals cost less: AVLV at 0.15% and DFLV at 0.21%. The fee gap is the price of this manager's stock selection.

FLCV Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
127
Top-10 weight
31%
Largest holding
AAPL6.2%

Sectors

  • Technology23.0%
  • Financials17.3%
  • Health Care14.5%
  • Consumer Discretionary12.2%
  • Industrials10.2%
  • Consumer Staples5.7%
  • Energy5.5%
  • Utilities3.5%
  • Real Estate3.2%
  • Materials2.6%
  • Communication2.3%

Geography

  • United States96.90%
  • Ireland1.37%
  • Canada0.82%
  • Puerto Rico0.77%
  • United Kingdom0.14%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLApple Inc6.21%38,869$13M715
002AMZNAmazon.com Inc5.93%47,631$12M736
003MSFTMicrosoft Corp4.44%17,491$9M815
004ABBVAbbVie Inc3.10%23,652$7M522
005INTUIntuit Inc2.19%15,217$5M458
006TRVTravelers Cos Inc/The2.02%11,525$4M382
007COSTCostco Wholesale Corp1.92%4,278$4M469
008STTState Street Corp1.86%22,353$4M362
009FIFiserv Inc1.84%85,055$4M121
010JPMJPMorgan Chase & Co1.75%11,073$4M481
011XOMExxonmobil Holdings Corp1.67%20,863$4M511
012PRUPrudential Financial Inc1.66%30,945$3M334
013CSCOCisco Systems Inc1.63%29,081$3M592
014AMPAmeriprise Financial Inc1.61%6,763$3M342
015WMTWalmart Inc1.60%30,253$3M460

Showing 1–15 of 127 holdings

FLCV 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.
FLCV$12,600
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FLCV $12,600. SPY $12,044. Use the arrow keys to read each point.$9,509$11,368$13,228Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for FLCV. Periods over one year show the average yearly return.
PeriodFLCV
Year to date+18.9%
1 month−0.7%
3 months+3.1%
1 year+26.0%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 FLCV
YearReturn barFLCV
2026 YTD+18.9%
2025+15.7%
2024+6.5%

History from Jul 31, 2024

FLCV in the news

Filtered to FLCV · US Active Value

FLCV 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 12, 2026.
0.69%Last 12 months
Payout per share
$0.26Last 12 months
Last payment
$0.26 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 $0.07; Dec 31, 2025 $0.26. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.26
Dec 31, 2024Jan 2, 2025$0.07

FLCV Risk

How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 26 months to Sep 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.
1.10
vs 3-month T-bills · 26 months to Sep 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.
−15.9%
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.
0.74
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.

FLCV Cost

Expense ratio0.43%
  • The middle half of US Active Value funds
  • Median 0.55%

20 of the 66 US Active Value funds charge less.

FLCV costs $43.00 a year on $10,000. The median US Active Value fund costs $55.00.

Other funds in US Active Value

See others