Key stats
About Federated Hermes MDT Large Cap Value ETF
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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.
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Classification
What's in the fund
Exposure type
Finance
Technology Services
Health Technology
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FLCV assets under management is 63.92 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FLCV invests in stocks. See more details in our Analysis section.
FLCV expense ratio is 0.32%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FLCV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FLCV pays dividends to its holders with the dividend yield of 0.22%.
FLCV shares are issued by Federated Hermes, Inc.
FLCV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 31, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.