The Federated Hermes MDT Large Cap Core ETF (FLCC) is an equity ETF managed by Federated Hermes with $0.06 billion in assets under management. Launched in July 2024, FLCC aims to track large-cap U.S. companies, employing an active management strategy. A key differentiator is its concentrated portfolio of approximately 10 holdings, allowing for potentially higher conviction bets within the large-cap space. The ETF's expense ratio is 0.29%. Past performance does not guarantee future results.
Federated Hermes MDT Large Cap Core ETF (FLCC) ETF — Price, Holdings & Analysis
The Federated Hermes MDT Large Cap Core ETF (FLCC) is an equity ETF managed by Federated Hermes with $0.06 billion in assets under management. Launched in July 2024, FLCC aims to track large-cap U.S. companies, employing an active management strategy. A key differentiator is its concentrated portfolio of approximately 10 holdings, allowing for potentially higher conviction bets within the large-cap space. The ETF's expense ratio is 0.29%. Past performance does not guarantee future results.
ETF Overview
The fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in large-cap companies. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.
FLCC aims to achieve its investment objective by investing primarily in the common stock of large-cap U.S. companies. The fund maintains a concentrated portfolio, holding only 10 stocks as of 2026-03-15. This strategy allows for a more focused approach compared to broader large-cap ETFs. The fund invests at least 80% of its net assets in large-cap companies. FLCC's top holdings include well-known technology giants such as Alphabet Inc Class A (GOOGL) at 5.76%, Apple Inc (AAPL) at 5.61%, and NVIDIA Corp (NVDA) at 5.30%. Other significant holdings include Microsoft Corp (MSFT) and Fiserv Inc (FISV). Sector allocation is heavily weighted towards Technology at 35.9%, followed by Consumer Cyclical and Financial Services, each at 11.0%. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.
Risk Metrics
FLCC presents a higher concentration risk due to its limited number of holdings (10), making it more sensitive to the performance of its top constituents. The Technology sector comprises a significant portion of the portfolio (35.9%), exposing the fund to sector-specific risks. As of 2026-03-15, the ETF's 3-year Beta is 0.00, indicating that it has not been trading long enough to establish a beta. The expense ratio of 0.29% will create a slight drag on performance over time. their may be worth researching risk tolerance and investment horizon when evaluating FLCC. Past performance does not guarantee future results.
The Federated Hermes MDT Large Cap Core ETF (FLCC) is an actively managed equity ETF that focuses on large-cap U.S. companies. Launched in July 2024, FLCC aims to provide investors with exposure to a concentrated portfolio of approximately 10 large-cap stocks. The fund's investment strategy involves actively trading its portfolio securities in an attempt to achieve its investment objective. The top holdings include companies like Alphabet Inc Class A (GOOGL), Apple Inc (AAPL), and NVIDIA Corp (NVDA).
What is the expense ratio for FLCC?
The expense ratio for FLCC is 0.29%. This means that for every $10,000 invested, the fund charges $29 annually to cover its operating expenses. While this is a factor to consider, it's important to weigh the expense ratio against the fund's potential returns and investment strategy. The expense ratio is lower than the category average of 0.44%.
What are the top holdings in FLCC?
As of 2026-03-15, the top holdings in FLCC are: Alphabet Inc Class A (GOOGL) at 5.76%, Apple Inc (AAPL) at 5.61%, NVIDIA Corp (NVDA) at 5.30%, Microsoft Corp (MSFT) at 4.73%, and Fiserv Inc (FISV) at 2.58%. These holdings represent a significant portion of the fund's assets, reflecting its concentrated investment approach. Investors should be aware of the performance and potential risks associated with these individual companies.
Is FLCC a good long-term investment?
Evaluating FLCC as a long-term investment requires careful consideration of its investment strategy, risk profile, and expense ratio. The fund's concentrated portfolio and active management style could lead to potentially higher returns, but also greater volatility. The expense ratio of 0.29% is a factor to consider over the long term. Investors should align their investment goals and risk tolerance with the fund's characteristics. Past performance does not guarantee future results.
How does FLCC compare to similar ETFs?
FLCC distinguishes itself from similar large-cap ETFs through its concentrated portfolio of approximately 10 holdings and active management strategy. Many large-cap ETFs employ a passive, index-tracking approach with a much larger number of holdings. FLCC's expense ratio of 0.29% is competitive. With AUM of $0.06B, FLCC is smaller than some of the more established ETFs in the large-cap space, which may impact liquidity.
Does FLCC pay dividends?
As of 2026-03-15, the Federated Hermes MDT Large Cap Core ETF (FLCC) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. However, dividend payouts can vary and are not guaranteed.