FLCV ETF — Federated Hermes MDT Large Cap Value ETF

Federated Hermes MDT Large Cap Value ETF (FLCV)

Updated October 16, 2026.

FLCV is an ETF. its trailing-12-month yield is 0.69%, its expense ratio is 0.32%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 47.7% over the past 2.2 years, 5.5 points ahead of SPY at 42.2%.

Federated Hermes MDT Large Cap Value ETF is an equity fund that invests at least 80% of its assets in large-cap value stocks, defined as companies within the Russell 1000 Index that exhibit value characteristics consistent with the Russell 3000 Value Index. The fund has a modest current distribution rate and carries an expense ratio of 0.32%, with annual distributions; note that the latest distribution was special and may not recur. The fund appeals to value-oriented income investors seeking exposure to large-cap equities.

FLCV performance versus SPY

Price and return data through 2026-10-16.

Total return is 47.7% over the past 2.2 years, 5.5 points ahead of SPY at 42.2%. Over the past year its total return — price change plus distributions reinvested — is 26.2%. Its deepest 1-year drawdown was 5.7%.

FLCV key facts

Distribution Safety Score™

50 · Unproven

Issuer

Federated Hermes

Asset type

ETF

Asset class

Equity

Inception date

07/30/2024

Expense ratio

0.32%

Distribution frequency

Annual

Trailing yield

0.69%

Last close

$37.29 (as of 2026-10-16)

AUM

$211,355,037

Average volume

106390.0

Dividend

$0.257

Ex-dividend date

12/31/2025

Payment date

01/02/2026

Beta

0.739

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.69%) 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.

FLCV risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 5.7%.

Who may consider FLCV — and who may not

It is a weaker fit for investors who need monthly cash flow (FLCV pays annual). This is educational context, not a recommendation to buy or sell.

More on FLCV

• All tickers starting with F

Tagged: Value, Large Cap.

Frequently asked questions

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