FLCC ETF — Federated Hermes MDT Large Cap Core ETF

Federated Hermes MDT Large Cap Core ETF (FLCC)

Updated October 16, 2026.

FLCC is an ETF. its distribution rate is 0.45%, its trailing-12-month yield is 0.45%, its expense ratio is 0.29%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 43.4% over the past 2.2 years, 1.2 points ahead of SPY at 42.2%.

Federated Hermes MDT Large Cap Core ETF is an actively managed fund that invests primarily in large-cap U.S. companies, with at least 80% of assets allocated to this strategy. The fund carries a modest expense ratio of 0.29% and currently distributes at a low rate. It appeals to equity investors seeking active management of large-cap domestic stocks with minimal income generation expectations.

FLCC performance versus SPY

Price and return data through 2026-10-16.

Total return is 43.4% over the past 2.2 years, 1.2 points ahead of SPY at 42.2%. Over the past year its total return — price change plus distributions reinvested — is 16.4%. Its deepest 1-year drawdown was 9.3%.

FLCC key facts

Distribution Safety Score™

50 · Unproven

Issuer

Federated Hermes

Asset type

ETF

Asset class

Equity

Inception date

07/30/2024

Expense ratio

0.29%

Distribution rate

0.45%

Distribution frequency

Annual

Trailing yield

0.45%

Last close

$36.35 (as of 2026-10-16)

AUM

$181,290,223

Average volume

11854.0

Dividend

$0.164

Ex-dividend date

12/31/2025

Payment date

01/02/2026

Beta

0.988

How Dividend Vision calculates yield and returns

Distribution rate (0.45%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.45%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Federated Hermes; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FLCC risks and drawbacks

FLCC's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 9.3%.

Who may consider FLCC — and who may not

It is a weaker fit for investors who need monthly cash flow (FLCC pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FLCC

• All tickers starting with F

Tagged: Large Cap.

Frequently asked questions

More securities from Federated Hermes.