Federated Hermes MDT Large Cap Growth ETF
FLCG
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- Federated Hermes MDT Large Cap Growth ETF (FLCG) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in the common stock of large-capitalization U.S. companies exhibiting growth characteristics, utilizing quantitative models to approximate the Russell 1000 Growth Index while allowing tactical flexibility through a non-diversified structure. The ETF, with an expense ratio of 0.39%, holds approximately 100 securities focused on firms with superior forecasted growth metrics; it emphasizes large-cap growth stocks across sectors, balancing index exposure with active adjustments for risk management and return optimization. Launched on July 30, 2024, FLCG trades on the NYSE Arca and is domiciled in the United States, managed by portfolio managers Frederick Konopka and Daniel Mahr. Federated Hermes, Inc., the issuer of FLCG, is a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, overseeing approximately $830 billion in assets across equity, fixed-income, alternative, multi-asset, and liquidity strategies, including mutual funds, ETFs, and separate accounts for institutional and individual clients worldwide. The firm operates through subsidiaries and affiliates in regions including the United States, Europe, and Asia, with a focus on responsible investing principles. FLCG forms part of Federated Hermes' expanding lineup of actively managed ETFs under the MDT Advisors brand, which applies proprietary quantitative analysis to growth equity portfolios. In recent developments, Federated Hermes agreed in October 2025 to acquire a majority interest in FCP Fund Manager for up to $331 million, bolstering its U.S. private markets platform in real estate and living sector assets; the firm also launched the Federated Hermes MDT Market Neutral ETF (MKTN) in September 2025, expanding its ETF offerings with market-neutral strategies. Additionally, in November 2025, Federated Hermes partnered with Archax to introduce tokenised UCITS Money Market Funds, marking its first non-U.S. digital assets initiative. These moves reflect ongoing strategic growth in alternatives, ETFs, and innovative distribution channels amid a robust expansion of its $19 billion private markets business as of September 2025.