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FLCV

GradeBNew York Stock Exchange Arca

Federated Hermes MDT Large Cap Value ETF

Active Equity · Federated Hermes · Inception 2024-07-30

$36.52−0.18 (−0.49%)

As of Sep 23, 2026, 2:05 PM EDT

History starts Jul 31, 2024.
Intraday session: down, 20 prints from 36.70 to 36.52. Range 36.47 to 36.69. Use the arrow keys to read each point.$36.60$36.7010 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$161M
1Y return
+21.2%
Yield · Last 12 months
0.70%
Holdings
125
Volume · 30D
0M sh
NAV per share
$36.85
52W range
low $29.60high $38.29

The ETF.net FLCV Grade

B

63/ 100

Rank 20 of 66 in US Active Value⁠

Confidence Medium

Six-pillar profile for FLCV. Scores out of 100: Cost 66, Risk 73, Mission not scored, Tradability 49, Holdings 69, Durability 45. Strongest: Risk (73). Weakest: Durability (45). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B 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.
    BScore 66
    Category rank22/66 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 73
    Category rank5/62 · top 8%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 49
    Category rank35/66 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 69
    Category rank22/66 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank43/66 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 8:21 AM
Asset class
Stocks
Holdings
125
Top-10 weight
30%
Largest holding
AAPL6.3%

Sectors

  • Technology23.8%
  • Financials18.4%
  • Health Care13.1%
  • Consumer Discr.11.6%
  • Industrials9.0%
  • Cons. Staples5.6%
  • Energy5.6%
  • Materials3.8%
  • Utilities3.5%
  • Real Estate3.3%
  • Communication2.4%

Geography

  • United States96.98%
  • Ireland1.21%
  • Canada0.88%
  • Puerto Rico0.79%
  • United Kingdom0.14%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLAPPLE INC6.25%29,935$10M707
002AMZNAMAZON.COM INC5.72%36,728$9M720
003MSFTMICROSOFT CORP4.21%13,642$7M792
004ABBVABBVIE INC2.99%18,258$5M511
005TRVTRAVELERS COS INC/THE2.04%8,655$3M378
006FIFISERV INC2.01%65,920$3M174
007STTSTATE STREET CORP1.93%17,004$3M356
008JPMJPMORGAN CHASE & CO1.83%8,434$3M478
009AMPAMERIPRISE FINANCIAL INC1.73%5,125$3M347
010PRUPRUDENTIAL FINANCIAL INC1.72%23,574$3M338
011COSTCOSTCO WHOLESALE CORP1.70%3,073$3M465
012INTUINTUIT INC1.70%8,764$3M457
013JNJJOHNSON & JOHNSON1.66%9,937$3M521
014XOMEXXONMOBIL HOLDINGS CORP1.64%16,166$3M501
015WMTWALMART INC1.58%23,881$3M462

Showing 1–15 of 127 holdings

FLCV Performance

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

FLCV$12,124
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FLCV $12,124. SPY $11,723. Use the arrow keys to read each point.$9,287$11,056$12,824Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for FLCV. Periods over one year show the average yearly return.
PeriodFLCV
Year to date+18.0%
1 month−2.7%
3 months+3.0%
1 year+21.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+18.0%
2025+15.7%
2024+6.5%

History from Jul 31, 2024

FLCV in the news

ETF.net Research hasn’t filed on FLCV yet — coverage lands here as it’s written.

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 Sep 22, 2026.
0.70%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.
11.4%
Annualised · 25 months to Aug 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.
1.36
vs 3-month T-bills · 25 months to Aug 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%
25 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%

21 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.