BKLC vs FLCC: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Federated Hermes MDT Large Cap Core ETF

FLCCCNYSE Arca

Overlap

47.9%by weight

Expense ratio

BKLC −0.29pt a year

BKLC0.00%FLCC0.29%

Avg volume · 30D

BKLC 21.6×the volume

BKLC628KFLCC29K

BKLC vs FLCC Performance

Oct 31, 2025 – Oct 30, 2026

+11.2%BKLC+12.3%FLCC

Expense ratio: BKLC 0.00%, better; FLCC 0.29%
Fund size: BKLC $6.88B; FLCC $181M
1Y total return: BKLC +11.2%; FLCC +12.3%, better
Yield (12M): BKLC No data; FLCC 0.45%
Holdings: BKLC 504; FLCC 154
Avg volume (30D): BKLC 628K sh, better; FLCC 29K sh
NAV per share: BKLC $48.23; FLCC $36.65
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, FLCC, with each pillar’s weight
Pillar	BKLC	FLCC
Cost30% weight	A100Higher	D39
Mission25% weight	A100	Not scored
Risk15% weight	C53Higher	C42
Tradability15% weight	B66Higher	D38
Holdings10% weight	B61Higher	B60
Durability5% weight	A73Higher	D37

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and FLCC are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

BKLC ranks 2nd and FLCC 22nd of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 21CNBCRNeuberger Berman Core Equity ETFScore 42
Rank 22CFLCCFederated Hermes MDT Large Cap Core ETFScore 41
Rank 23CGXLCGlobal X U.S. 500 ETFScore 40

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

FLCCCFederated Hermes MDT Large Cap Core ETF

In short

BKLC BNY launched BKLC in April 2020 as one of the first US stock ETFs with a 0.00% fee, no waiver, no expiration date. It still charges nothing to hold roughly 500 large US companies, while the typical fund in its peer group charges 0.14%.

FLCC A model, not a committee, picks the roughly 150 large-cap US stocks here. Federated Hermes put its MDT quant team into an ETF wrapper in 2024, building a core-shaped portfolio instead of tracking an index.

Stated mandate

BKLC The fund seeks to track the performance of the Solactive GBS United States 500 Index TR.

FLCC The fund seeks long-term capital appreciation primarily through common stocks of large-capitalization U.S. companies.

Why people hold it

BKLC The fee is zero, not 'nearly zero.' No management fee and no waiver waiting to expire, against a 0.14% median in its large-cap peer group.prnewswire.com sec.gov
Even the discount giants charge something: SCHX and VV at 0.03%, VONE at 0.06%. BKLC's expense line reads 0.00%.
Boring by design: a rules-based basket of about 500 large US stocks tracking the Solactive GBS United States 500 Index, and the tracking has been tight.
Not a novelty product. It is a multi-billion-dollar fund run by BNY, and it pays distributions quarterly.

FLCC Genuinely active: a quantitative screen does the stock picking, aimed at long-term capital appreciation from large-cap US companies rather than mirroring a benchmark.
The model costs 0.29% net of a waiver through May 1, 2027, against a 0.40% gross fee. Restrained pricing for a stock-picking mandate.
Roughly 150 US stocks under the hood, so no single name carries the portfolio.

Worth knowing

BKLC Zero fee is not zero cost. You still cross the bid-ask spread, and BKLC trades at moderate volume rather than the wall-to-wall liquidity of the biggest index funds.
One country, one asset class, one size band: US large-cap stocks. No bonds, no international, no small caps.
It opened in April 2020, so its live record is shorter than large-cap index rivals that have been running for decades.prnewswire.com

FLCC Fees sit above the large-cap core median, where index trackers set the floor: SCHX at 0.03%, BKLC at 0.00%.
Thin trading next to the category's index giants, which can mean wider bid-ask spreads on larger orders.
Dates to 2024, a far shorter record than the index veterans beside it, and distributions arrive once or twice a year rather than quarterly.

Full BKLC profile⁠

Full FLCC profile⁠

BKLC vs FLCC Holdings

How BKLC and FLCC differ

Overlap by weight

47.9%

Shared holdings make up 89.2% of FLCC and 59.9% of BKLC.

Level by level

Holdings117 in both47.9%
Sector11 Sectors95.6%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BKLC and FLCC, widest gap first
Sector	More in BKLCMore in FLCC	BKLC	FLCC
Communication	BKLC +1.9 points	10.1%	8.2%
Technology	FLCC +1.5 points	40.2%	41.7%
Materials	FLCC +1.1 points	1.7%	2.8%
Consumer Staples	BKLC +1.0 points	4.2%	3.2%
Utilities	BKLC +0.8 points	1.8%	1.0%
Health Care	FLCC +0.8 points	9.4%	10.2%
Financials	FLCC +0.7 points	10.9%	11.6%
Energy	BKLC +0.5 points	3.5%	3.0%
Industrials	FLCC +0.3 points	7.8%	8.1%
Real Estate	BKLC +0.1 points	1.5%	1.4%
Consumer Discretionary	Same weight	8.8%	8.8%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and FLCC, widest gap first
Country	More in BKLCMore in FLCC	BKLC	FLCC
United States	FLCC +0.7 points	99.3%	100.0%
Other countries (7)	BKLC +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
FLCC36.4%

Securities held

BKLC503
FLCC153

Asset class

BKLC: Equity
FLCC: Equity

Holdings

Only in BKLC386
In both117
Only in FLCC36

Only in BKLC

386 securities, 40.1% of BKLC by weight

Alphabet Inc-Cl C2.16%
Berkshire Hathaway Inc-Cl B1.16%
Visa Inc-Class A Shares1.05%
Mastercard Inc - A0.77%
Chevron Corp0.67%
Palantir Technologies Inc-A0.60%
Procter & Gamble Co/The0.58%
Merck & Co. Inc.0.56%
Coca-Cola Co/The0.56%
Philip Morris International0.50%
Home Depot Inc0.49%
Bank of America Corp0.47%
Palo Alto Networks Inc0.45%
Thermo Fisher Scientific Inc0.39%
Wells Fargo & Co0.39%
Intl Business Machines Corp0.37%
Linde PLC0.36%
Oracle Corp0.34%
Citigroup Inc0.32%
Walt Disney Co/The0.30%
Amphenol Corp-Cl A0.29%
Conocophillips0.29%
Abbott Laboratories0.29%
Union Pacific Corp0.28%
Salesforce Inc0.28%
BlackRock Inc0.28%
Mcdonald's Corp0.27%
American Express Co0.27%
Pfizer Inc0.26%
Nextera Energy Inc0.26%
Marvell Technology Inc0.26%
Deere & Co0.26%
Accenture Plc-Cl A0.24%
Tjx Companies Inc0.23%
Intuitive Surgical Inc0.23%
AT&T Inc0.23%
Eaton Corp PLC0.22%
Seagate Technology Holdings0.22%
Danaher Corp0.22%
Progressive Corp0.21%
Boeing Co/The0.20%
S&P Global Inc0.20%
Chubb Ltd0.20%
Capital One Financial Corp0.19%
Medtronic PLC0.19%
Prologis Inc0.19%
Dell Technologies -C0.19%
Automatic Data Processing0.18%
Starbucks Corp0.18%
Valero Energy Corp0.18%

Only in FLCC

36 securities, 10.8% of FLCC by weight

Maplebear Inc0.93%
Advance Auto Parts Inc0.73%
Lululemon Athletica Inc0.66%
Kilroy Realty Corp0.66%
Five Below0.57%
Johnson Controls Internat0.53%
Federated Govt Obli Fd-Pr0.52%
Allison Transmission Hold0.50%
Paycom Software Inc0.49%
Celanese Corp0.47%
Costar Group Inc0.39%
Trane Technologies PLC0.38%
Gartner Inc0.35%
Murphy Usa Inc0.34%
Cirrus Logic Inc0.31%
Virtu Financial Inc-Class0.27%
Alcoa Corp0.27%
Ryder System Inc0.26%
Elanco Animal Health Inc0.25%
Weatherford International0.21%
Allegion PLC0.21%
Trade Desk Inc/The -Class0.17%
Tyler Technologies Inc0.15%
Align Technology Inc0.15%
Albemarle Corp0.14%
Pegasystems Inc0.13%
Dxc Technology Co0.13%
Enphase Energy Inc0.13%
Pinterest Inc- Class A0.11%
Gaming and Leisure Proper0.10%
Wp Carey Inc0.08%
Manpowergroup Inc0.07%
Zoominfo Technologies Inc0.06%
Western Union Co0.06%
Rubrik Inc-A0.04%
Fmc Corp0.01%

Weight gaps

The 100 widest of 117 Holdings in both funds.

Holding weights in BKLC and FLCC, widest gap first
Holding	More in BKLCMore in FLCC	BKLC	FLCC
Alphabet Inc-Cl AGOOGL	FLCC +2.72 points	2.51%	5.23%
Microsoft CorpMSFT	BKLC +2.02 points	5.84%	3.82%
Bank of New York Mellon CorpBNY	FLCC +1.68 points	0.15%	1.83%
State Street CorpSTT	FLCC +1.64 points	0.07%	1.71%
Fiserv IncFI	FLCC +1.62 points	0.03%	1.65%
AbbVie IncABBV	FLCC +1.61 points	0.80%	2.41%
General ElectricGE	FLCC +1.43 points	0.48%	1.91%
Meta Platforms Inc-Class AMETA	BKLC +1.37 points	2.06%	0.69%
Travelers Cos Inc/TheTRV	FLCC +1.35 points	0.13%	1.48%
Tesla IncTSLA	BKLC +1.33 points	1.87%	0.54%
Costco Wholesale CorpCOST	FLCC +1.28 points	0.69%	1.97%
Fortinet IncFTNT	FLCC +1.26 points	0.13%	1.39%
Prudential Financial IncPRU	FLCC +1.21 points	0.07%	1.28%
Ameriprise Financial IncAMP	FLCC +1.21 points	0.07%	1.28%
Northern Trust CorpNTRS	FLCC +1.17 points	0.05%	1.22%
Crowdstrike Holdings Inc - ACRWD	FLCC +1.13 points	0.38%	1.51%
Intuit IncINTU	FLCC +1.05 points	0.14%	1.19%
Apple IncAAPL	BKLC +1.02 points	7.53%	6.51%
Veralto CorpVLTO	FLCC +1.00 points	0.04%	1.04%
Texas Instruments IncTXN	FLCC +0.98 points	0.41%	1.39%
Rtx CorpRTX	FLCC +0.87 points	0.41%	1.28%
Arista Networks IncANET	FLCC +0.80 points	0.27%	1.07%
Newmont CorpNEM	FLCC +0.78 points	0.18%	0.96%
Viking Holdings LtdVIK	FLCC +0.76 points	0.02%	0.78%
Advanced Micro DevicesAMD	BKLC +0.76 points	1.25%	0.49%
Regeneron PharmaceuticalsREGN	FLCC +0.74 points	0.14%	0.88%
Netflix IncNFLX	FLCC +0.73 points	0.40%	1.13%
Analog Devices IncADI	FLCC +0.72 points	0.31%	1.03%
JPMorgan Chase & CoJPM	BKLC +0.71 points	1.37%	0.66%
Ge Vernova IncGEV	FLCC +0.68 points	0.35%	1.03%
Netapp IncNTAP	FLCC +0.67 points	0.06%	0.73%
Veeva Systems Inc-Class AVEEV	FLCC +0.66 points	0.07%	0.73%
NVIDIA CorpNVDA	FLCC +0.62 points	7.28%	7.90%
Kla CorpKLAC	FLCC +0.57 points	0.32%	0.89%
Amazon.com IncAMZN	BKLC +0.56 points	3.53%	2.97%
Amgen IncAMGN	FLCC +0.55 points	0.38%	0.93%
Gilead Sciences IncGILD	FLCC +0.53 points	0.32%	0.85%
Broadcom IncAVGO	BKLC +0.51 points	2.32%	1.81%
Expedia Group IncEXPE	FLCC +0.50 points	0.05%	0.55%
Eli Lilly & CoLLY	BKLC +0.50 points	1.83%	1.33%
Marathon Petroleum CorpMPC	FLCC +0.49 points	0.20%	0.69%
Boston Scientific CorpBSX	FLCC +0.41 points	0.09%	0.50%
Charter Communications Inc-ACHTR	FLCC +0.39 points	<0.01%	0.40%
Cummins IncCMI	FLCC +0.39 points	0.10%	0.49%
Exxonmobil Holdings CorpXOM	BKLC +0.38 points	1.19%	0.81%
Phillips 66PSX	FLCC +0.37 points	0.17%	0.54%
Exelon CorpEXC	FLCC +0.35 points	0.07%	0.42%
Applied Materials IncAMAT	FLCC +0.34 points	0.47%	0.81%
Micron Technology IncMU	BKLC +0.34 points	1.53%	1.19%
Cvs Health CorpCVS	FLCC +0.34 points	0.18%	0.52%
Interactive Brokers Gro-Cl AIBKR	FLCC +0.33 points	0.05%	0.38%
Snowflake IncSNOW	FLCC +0.33 points	0.16%	0.49%
Southwest Airlines CoLUV	FLCC +0.33 points	0.03%	0.36%
Duke Energy CorpDUK	FLCC +0.30 points	0.16%	0.46%
Walmart IncWMT	BKLC +0.29 points	0.82%	0.53%
Illumina IncILMN	FLCC +0.29 points	0.05%	0.34%
Cardinal Health IncCAH	FLCC +0.26 points	0.09%	0.35%
Verizon Communications IncVZ	BKLC +0.24 points	0.29%	0.05%
General Motors CoGM	FLCC +0.24 points	0.12%	0.36%
Ppg Industries IncPPG	FLCC +0.21 points	0.04%	0.25%
General Dynamics CorpGD	FLCC +0.19 points	0.13%	0.32%
Curtiss-Wright CorpCW	FLCC +0.19 points	0.02%	0.21%
Western Digital CorpWDC	FLCC +0.19 points	0.19%	0.38%
Ulta Beauty IncULTA	FLCC +0.18 points	0.04%	0.22%
Hartford Insurance Group IncHIG	FLCC +0.18 points	0.05%	0.23%
Cisco Systems IncCSCO	FLCC +0.18 points	0.63%	0.81%
Schwab (Charles) CorpSCHW	BKLC +0.16 points	0.22%	0.06%
PayPal Holdings IncPYPL	FLCC +0.17 points	0.08%	0.25%
Eog Resources IncEOG	FLCC +0.17 points	0.13%	0.30%
Intel CorpINTC	FLCC +0.16 points	0.43%	0.59%
Johnson & JohnsonJNJ	BKLC +0.16 points	1.01%	0.84%
Qualcomm IncQCOM	BKLC +0.16 points	0.27%	0.11%
Pepsico IncPEP	BKLC +0.15 points	0.28%	0.13%
Welltower IncWELL	BKLC +0.15 points	0.25%	0.10%
Atlassian Corp-Cl ATEAM	FLCC +0.15 points	0.05%	0.20%
Vertex Pharmaceuticals IncVRTX	BKLC +0.15 points	0.22%	0.07%
Steel Dynamics IncSTLD	FLCC +0.15 points	0.05%	0.20%
Caterpillar IncCAT	BKLC +0.14 points	0.43%	0.29%
Qnity Electronics IncQ	FLCC +0.14 points	0.04%	0.18%
Airbnb Inc-Class AABNB	FLCC +0.13 points	0.10%	0.23%
Keysight Technologies InKEYS	FLCC +0.12 points	0.08%	0.20%
Arch Capital Group LtdACGL	FLCC +0.12 points	0.06%	0.18%
Hewlett Packard EnterpriseHPE	FLCC +0.12 points	0.11%	0.23%
Vertiv Holdings Co-AVRT	BKLC +0.12 points	0.12%	<0.01%
Corning IncGLW	BKLC +0.11 points	0.14%	0.03%
First Solar IncFSLR	FLCC +0.10 points	0.03%	0.13%
Goldman Sachs Group IncGS	BKLC +0.11 points	0.40%	0.29%
Northrop Grumman CorpNOC	BKLC +0.11 points	0.13%	0.02%
Bristol-Myers Squibb CoBMY	FLCC +0.10 points	0.20%	0.30%
Kimberly-Clark CorpKMB	BKLC +0.10 points	0.10%	<0.01%
Targa Resources CorpTRGP	BKLC +0.08 points	0.10%	0.02%
Ross Stores IncROST	BKLC +0.08 points	0.11%	0.03%
Lennox International IncLII	FLCC +0.07 points	0.02%	0.09%
Allstate CorpALL	BKLC +0.07 points	0.10%	0.03%
Lam Research CorpLRCX	FLCC +0.07 points	0.46%	0.53%
Dte Energy CompanyDTE	FLCC +0.07 points	0.05%	0.12%
Humana IncHUM	FLCC +0.06 points	0.07%	0.14%
Morgan StanleyMS	BKLC +0.07 points	0.34%	0.27%
Deckers Outdoor CorpDECK	FLCC +0.06 points	0.02%	0.08%
Occidental Petroleum CorpOXY	FLCC +0.06 points	0.07%	0.13%

All 502 BKLC holdings⁠All 151 FLCC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BKLC vs FLCC Cost

Overpaying FLCC vs BKLC

$5,952

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

BKLC 0.00%
$0
FLCC 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
FLCC 0.29%
Overpaying

Year by year

Year	BKLC	FLCC	Overpaying
10	$0	$527	$527
20	$0	$2,044	$2,044
30	$0	$5,952	$5,952

Expense ratio

0.00%BKLC, cheaper
0.29%FLCC

BKLC0.00%FLCC0.29%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

FLCC 18th cheapest of 29 funds

BKLC vs FLCC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; FLCC 0.45%
Payout (12M): BKLC No data; FLCC $0.16
Last payment: BKLC $0.13; FLCC $0.16
Ex-dividend: BKLC Oct 1, 2026; FLCC Dec 31, 2025
Paid on: BKLC Oct 6, 2026; FLCC Jan 2, 2026
Frequency: BKLC Quarterly; FLCC Irregular

Distribution history

Per share, 2020 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

FLCCIrregular · 2 paymentsAll FLCC payments⁠

BKLC vs FLCC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%FLCC 12.5%since Aug 2024
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37FLCC 0.99since Aug 2024
Worst fallMax drawdown, 5 years: BKLC −26.2%FLCC −19.2%since Jul 2024
Market sensitivityBeta, 5 years: BKLC 1.02FLCC 0.91; Market = 1

BKLC and FLCC in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026BKLC

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BKLC vs FLCC

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and FLCC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in FLCC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

How BKLC and FLCC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in FLCC

Weight gaps