Key stats
About Federated Hermes MDT Large Cap Value ETF
Home page
Inception date
Jul 31, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Federated MDTA LLC
Distributor
Federated Securities Corp.
ISIN
US31423L7010
FLCV aims to provide long-term capital appreciation by investing primarily in the common stocks of US large-cap companies that are considered undervalued compared to the market. The strategy focuses on companies in the Russell 1000 Value Index, which are firms with lower price-to-book ratios and forecasted growth values. A quantitative model, utilizing both fundamental and technical variables, guides the stock selection process. The model mandates that most of the FLCVs net assets be allocated to a mix of large-cap and value investments, while employing diversification to manage risk. The fund may also invest in real estate investment trusts (REITs). Trading costs are also taken into consideration in attempt to enhance net expense profitability. The fund is actively managed to optimize returns while balancing risk. Active trading may increase portfolio turnover and costs, potentially impacting overall performance.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Health Technology
Stocks99.38%
Finance26.82%
Technology Services12.37%
Health Technology10.83%
Producer Manufacturing8.02%
Retail Trade6.65%
Consumer Non-Durables5.70%
Electronic Technology5.38%
Utilities3.94%
Industrial Services2.91%
Process Industries2.83%
Energy Minerals2.75%
Consumer Services2.28%
Transportation1.99%
Communications1.98%
Non-Energy Minerals1.59%
Distribution Services1.56%
Commercial Services1.21%
Consumer Durables0.57%
Bonds, Cash & Other0.62%
Cash0.62%
Stock breakdown by region
North America97.38%
Europe2.62%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLCV invests in stocks. The fund's major sectors are Finance, with 26.82% stocks, and Technology Services, with 12.37% of the basket. The assets are mostly located in the North America region.
FLCV top holdings are Alphabet Inc. Class A and Advance Auto Parts, Inc., occupying 3.93% and 2.50% of the portfolio correspondingly.
FLCV assets under management is 35.88 M USD. It's fallen 0.26% over the last month.
FLCV fund flows account for 28.51 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FLCV pays dividends to its holders with the dividend yield of 0.22%. The last dividend (Jan 2, 2025) amounted to 0.07 USD. The dividends are paid annually.
FLCV shares are issued by Federated Hermes, Inc. under the brand Federated Hermes. The ETF was launched on Jul 31, 2024, and its management style is Active.
FLCV expense ratio is 0.32% meaning you'd have to pay 0.32% of your investment to help manage the fund.
FLCV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLCV invests in stocks.
FLCV price has risen by 1.99% over the last month, and its yearly performance shows a 17.89% increase. See more dynamics on FLCV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.29% over the last month, showed a 6.55% increase in three-month performance and has increased by 12.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.29% over the last month, showed a 6.55% increase in three-month performance and has increased by 12.05% in a year.
FLCV trades at a premium (0.17%) meaning the ETF is trading at a higher price than the calculated NAV.