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Federated Hermes MDT Small Cap Core ETF

FSCCNYSE ArcaFederated HermesB

$34.09+0.15 (+0.44%)

As of Nov 2, 2026, 3:58 PM ET

B64/ 100

Rank 9 of 41 in US Active Small-Cap

B64/100Rank 9 of 41inUS Active Small-Cap
Intraday session: up, 79 prints from 33.94 to 34.09. Range 34.01 to 34.38. Use the arrow keys to read each point.34.0034.2034.3034.4010 AM12 PM2 PM4 PM
Expense ratio
0.36%*
Fund size
$461M
1Y total return
+13.6%
Yield · Last 12 months
0.24%
Holdings
313
Avg volume · 30D
88.8K sh
52W range
low $27.83high $37.52
Launched

*After a fee waiver that ends May 1, 2027. Without it: 0.50%.

The ETF.net FSCC Grade

B

Score 64 out of 100

Category
US Active Small-Cap⁠
Rank
9 of 41
Six-pillar profile for FSCC. Scores out of 100: Cost 83, Risk 37, Mission 83, Tradability 57, Holdings 61, Durability 66. Strongest: Cost (83). Weakest: Risk (37). Leans toward Cost and Mission.

Score 64 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.
    A83 out of 100
    Rank 8 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 4 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 27 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B57 out of 100
    Rank 17 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 19 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 12 of 41

Our read on FSCC

ETF.net Research

In short

BA quant engine aimed at the Russell 2000. Federated Hermes' MDT models pick roughly 300 small caps from the index, then the prospectus says it plainly: this fund is not built to mirror the benchmark's composition or returns.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  • Costs 0.36% net of a waiver through May 1, 2027 (0.50% gross), below the median fee among the active US small-cap funds we grade.federatedhermes.com
  • Undercuts both other graded funds fishing the same Russell 2000 pond: FSML at 0.45% and GSC at 0.75% net of a waiver through December 29, 2026.
  • Rules over hunches: a bottom-up quantitative process ranks growth and value names, and the result spreads across roughly 300 holdings.sec.gov
  • Does exactly what the label says, a US small-cap equity fund, and is one of the stronger implementations in its peer group.

Worth knowing

  • The waiver runs to May 1, 2027. If it is not renewed, the fee steps back toward the 0.50% gross rate.
  • Full equity exposure, no hedge or buffer, in the corner of the market that swings hardest. Small caps can fall further than the large-cap market in a selloff.
  • The live record starts in July 2024, and trading is moderate rather than heavy, so the bid-ask spread matters more here than in the largest small-cap ETFs.

FSCC Holdings

Holdings pillarB61 out of 100Rank 19 of 41 in US Active Small-Cap
Asset class
Stocks
Holdings
313
Top-10 weight
12%
Largest holding
AHR2.0%

Sectors

  • Health Care21.2%
  • Financials20.6%
  • Industrials15.8%
  • Technology14.0%
  • Consumer Discretionary7.2%
  • Real Estate6.7%
  • Energy5.4%
  • Materials3.0%
  • Consumer Staples2.7%
  • Communication1.7%
  • Utilities1.6%

Geography

  • United States98.53%
  • Switzerland0.68%
  • Ireland0.43%
  • Canada0.15%
  • United Kingdom0.13%
  • Brazil0.07%
The fund’s holdings, weight-ordered — page 1 of 21.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AHRAmerican Healthcare Reit2.04%175,523$9.29M148
2AIC3.AI Inc-A1.34%502,385$6.11M85
3CLBKColumbia Financial Inc1.28%543,080$5.83M82
4SLDESlide Insurance Holdings1.27%209,875$5.78M92
5PSTLPostal Realty Trust Inc-1.19%249,767$5.42M66
6HGHamilton Insurance Grou-C1.14%150,567$5.18M83
7BYByline Bancorp Inc1.07%125,061$4.87M85
80Y5E.LPerrigo Co PLC1.05%299,908$4.77M13
9CBRLCracker Barrel Old Countr1.01%63,398$4.59M95
10INDVIndivior Pharmaceuticals0.99%127,530$4.5M133
11JANXJanux Therapeutics Inc0.98%249,965$4.46M65
12HNGEHinge Health Inc-A0.97%37,708$4.41M119
13BKUBankunited Inc0.96%100,952$4.38M129
14CNOCno Financial Group Inc0.95%78,275$4.32M143
15TALOTalos Energy Inc0.95%241,954$4.31M121

Showing 1–15 of 313 holdings

FSCC 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.
FSCC$11,356
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. FSCC $11,356. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 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 FSCC. Periods over one year show the average yearly return.
PeriodFSCC
Year to date+13.1%
1 month+1.4%
3 months−3.6%
1 year+13.6%
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 FSCC
YearReturn barFSCC
2026 YTD+13.1%
2025+15.3%
2024+2.2%

History from Jul 31, 2024

FSCC in the news

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 Oct 30, 2026.
0.24%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

$10,000 in FSCC 1 year ago paid $27.00 in dividends.

FSCC Risk

Risk pillarD37 out of 100Rank 27 of 39 in US Active Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
18.4%
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.
0.56
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.
−27.2%
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.
1.25
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.

FSCC Cost

Compare FSCC and AVSC

Overpaying vs AVSC, cheapest in US Active Small-Cap

$2,161

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

  • FSCC 0.36%

    $7,320

  • AVSC 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FSCC 0.36%
  • AVSC 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530FSCC $7,320AVSC $5,159

Year by year

YearFSCCAVSCOverpaying
10$652$455$197
20$2,522$1,769$753
30$7,320$5,159$2,161
How the 0.36% is worked out

Full fee 0.50%− waiver 0.14%= you pay 0.36%

The waiver ends May 1, 2027. After that the fee is 0.50% unless Federated Hermes renews it. Source: prospectus, Apr 2026.

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