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FSCC

GradeBNew York Stock Exchange Arca

Federated Hermes MDT Small Cap Core ETF

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

$34.07−0.54 (−1.56%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Jul 31, 2024.
Intraday session: down, 23 prints from 34.61 to 34.07. Range 34.01 to 34.42. Use the arrow keys to read each point.$34.00$34.20$34.30$34.4010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$425M
1Y return
+15.5%
Yield · Last 12 months
0.23%
Holdings
310
Volume · 30D
0.1M sh
NAV per share
$34.45
52W range
low $27.84high $37.52

The ETF.net FSCC Grade

B

57/ 100

Rank 14 of 41 in US Active Small-Cap

Confidence High

Six-pillar profile for FSCC. Scores out of 100: Cost 64, Risk 37, Mission 84, Tradability 60, Holdings 63, Durability 67. Strongest: Mission (84). Weakest: Risk (37). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 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 64
    Category rank17/41 · top 41%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 84
    Category rank4/10 · top 40%
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank27/37 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 60
    Category rank15/41 · top 37%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 63
    Category rank20/41 · top 49%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank12/41 · top 29%

Graded as of Sep 22, 2026

Our read on FSCC

ETF.net Research

BMost standout active small-cap funds are tilt machines: value, profitability, quality. FSCC is the plain one, picking stocks across the Russell 2000 universe for long-term capital appreciation at a middle-of-the-pack price.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01Core, not a bet on one style: active stock selection measured against the Russell 2000, with long-term capital appreciation as the stated objective.
  2. 020.50% a year, a touch under the typical active US small-cap fund and well below the 0.80% on GSC, which points at the same Russell 2000 benchmark.
  3. 03What is inside matches what is on the label: a US equity portfolio run to its small-cap core mandate, landing in the upper half of its active small-cap peer group.
  4. 04Moderately traded rather than thin, so routine buying and selling does not depend on catching a quiet moment in the tape.

Worth knowing

  1. 01Launched in 2024, so the record is short and there is not yet a full market cycle to judge the manager on.
  2. 02Volatility is the softest part of its profile. Small caps swing harder than large caps, and this fund fishes in the whole Russell 2000 pond.
  3. 03You pay for the active call: several of the highest-rated funds in this group, including AVSC, AVUV and DUHP, charge 0.25% or less.

FSCC Holdings

As of Sep 20, 2026, 8:22 AM
Asset class
Stocks
Holdings
310
Top-10 weight
12%
Largest holding
AHR2.1%

Sectors

  • Health Care21.9%
  • Financials20.4%
  • Industrials14.9%
  • Technology13.3%
  • Consumer Discr.7.4%
  • Real Estate7.1%
  • Energy5.4%
  • Materials3.3%
  • Cons. Staples2.9%
  • Communication1.7%
  • Utilities1.7%

Geography

  • United States90.74%
  • Bermuda3.24%
  • Ireland1.49%
  • Singapore0.69%
  • Luxembourg0.62%
  • Puerto Rico0.56%
  • France0.53%
  • Switzerland0.41%
  • Other countries (8)1.72%
The fund’s holdings, weight-ordered — page 1 of 21.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AHRAMERICAN HEALTHCARE REIT2.07%165,992$9M136
002PSTLPOSTAL REALTY TRUST INC-1.33%233,079$6M65
003SLDESLIDE INSURANCE HOLDINGS1.15%196,469$5M85
004SPHRSPHERE ENTERTAINMENT CO1.13%33,120$5M112
005HGHAMILTON INSURANCE GROU-C1.11%134,865$5M85
006BKUBANKUNITED INC1.08%102,597$5M129
007AIC3.AI INC-A1.07%424,430$5M86
008BYBYLINE BANCORP INC1.02%115,591$4M82
009INDVINDIVIOR PHARMACEUTICALS1.00%119,280$4M127
010CNOCNO FINANCIAL GROUP INC0.99%75,916$4M137
011LQDALIQUIDIA CORP0.96%60,110$4M112
012SPSCSPS COMMERCE INC0.95%50,615$4M133
013JANXJANUX THERAPEUTICS INC0.95%239,672$4M60
014NTBBANK OF N.T. BUTTERFIELD&0.93%67,265$4M74
015TALOTALOS ENERGY INC0.89%222,198$4M121

Showing 1–15 of 312 holdings

FSCC Performance

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

FSCC$11,552
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. FSCC $11,552. SPY $11,723. Use the arrow keys to read each point.$9,174$10,939$12,704Sep 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 FSCC. Periods over one year show the average yearly return.
PeriodFSCC
Year to date+15.3%
1 month−3.6%
3 months−4.4%
1 year+15.5%
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 FSCC
YearReturn barFSCC
2026 YTD+15.3%
2025+15.3%
2024+2.2%

History from Jul 31, 2024

FSCC in the news

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

FSCC 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.
0.23%Last 12 months
Payout per share
$0.08Last 12 months
Last payment
$0.08 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 $0.04; Dec 31, 2025 $0.08. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 31, 2025Jan 2, 2026$0.08
Dec 31, 2024Jan 2, 2025$0.04

FSCC Risk

How much the fund’s monthly returns vary, scaled to a year.
18.5%
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.
0.72
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.
−27.2%
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.
1.23
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.

FSCC Cost

Expense ratio0.50%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

16 of the 39 US Active Small-Cap funds charge less.

FSCC costs $50.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.