Federated Hermes MDT Large Cap Core ETF
FLCC
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1001 Liberty Avenue Pittsburgh PA United States of America 15222
- IPO Date
- Jul 31, 2024
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes MDT Large Cap Core ETF (FLCC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in the common stock of large-cap U.S. companies selected from the Russell 1000 Index using a proprietary quantitative model driven by fundamental and technical variables. The fund employs a disciplined, bottom-up stock selection process incorporating cutting-edge research, technology, and machine learning to identify alpha opportunities while managing risk and trading costs; its portfolio typically comprises around 150 holdings, with top positions including Microsoft Corp. (6.9%), NVIDIA Corp. (6.2%), and Alphabet Inc. (4.9%), representing approximately 38% of assets under management. Managed by a veteran team including Daniel Mahr (Head of MDT Group), Frederick Konopka (Portfolio Manager), John Lewicke (Research Manager), and Damien Zhang (Head of MDT Research), FLCC features a net expense ratio of 0.29% and total net assets of approximately $57 million as of late 2025. FLCC forms part of Federated Hermes ETF Trust and operates within the large blend equity segment, targeting institutional and retail investors seeking systematic active exposure to U.S. large-cap equities; it is domiciled in the United States and trades on the NYSE Arca exchange. Launched on July 30, 2024, the ETF is issued and managed by Pittsburgh-based Federated Hermes, Inc. (NYSE: FHI), a global investment manager with over $782 billion in assets under management and offices in the U.S., London, and other international locations. Federated Hermes applies its MDT quantitative strategies across mutual funds, SMAs, and institutional accounts totaling more than $10 billion, emphasizing responsible investing principles. In a significant expansion of its ETF lineup, Federated Hermes launched FLCC alongside three companion MDT quantitative active ETFs—MDT Large Cap Growth ETF (FLCG), MDT Large Cap Value ETF (FLCV), and MDT Small Cap Core ETF (FSCC)—on July 31, 2024, doubling its ETF offerings and extending the 30-plus-year MDT process into ETF structures previously introduced with products like Total Return Bond ETF (FTRB) in 2024. These launches reflect Federated Hermes' strategic focus on active ETFs amid growing investor demand for disciplined quantitative strategies in diversified portfolios. No major acquisitions, funding rounds, or reorganizations have been reported for FLCC or its issuer in the past 1-2 years.