FLCC: FEDERATED HERMES MDT LARGE CAP CORE ETF
What this ETF is trying to do
The FEDERATED HERMES MDT LARGE CAP CORE ETF (ticker: FLCC) is an exchange-traded fund designed to invest in large companies. It holds a variety of stocks, including major names in technology and other sectors. As of the latest data, the fund holds 152 different companies.
What the numbers show
The current price of FLCC is $37.12. When looking at how the share price has moved, we can see growth over the last year.
• Year-to-Date (YTD) Price Return: The share price has increased by approximately 14.23% since the start of the year.
• One-Year Price Return: The share price has increased by approximately 15.68% over the last 12 months.
It is important to understand the difference between "price return" and "total return." Price return only tracks how much the share price itself changed. Total return includes both the price change and any cash distributions paid out to investors. For FLCC, the one-year total return was approximately 16.27%, which is higher than the price return alone.
An estimated price from roughly one year ago was $32.08.
Income and distribution explanation
FLCC provides some cash income through distributions, but it is not a high-income fund. The distribution yield is approximately 0.44%. This number describes the cash paid out relative to the ETF's price.
The fund has an income rating grade of "C." The data shows that distributions are "irregular" or "less frequent," with only one payout recorded in the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). While a falling share price can sometimes be a sign of erosion, they are not the same thing.
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the fund's erosion-risk score is 100, which is labeled as "No price erosion detected," and the erosion severity is listed as "good." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the fund (note that this is a partial list):
• NVIDIA CORP: 7.79%
• APPLE INC: 6.65%
• ALPHABET INC CLASS A: 6.24%
• MICROSOFT CORP: 4.55%
• AMAZON.COM INC: 3.17%
• FISERV INC: 2.15%
• ABBVIE INC: 2.13%
• BROADCOM INC: 2.03%
• COSTCO WHOLESALE CORP: 1.96%
• GE AEROSPACE: 1.95%
Holdings can change over time.
Pros
• The fund has shown positive price returns over the last year.
• The erosion-risk score indicates no detected price erosion.
Cons
• The distribution yield is relatively low.
• Distributions are infrequent and irregular.
Beginner takeaway
FLCC is a large-cap ETF that has recently seen its share price increase. While it does pay distributions, the yield is low and the payments do not happen on a regular schedule. Investors should remember that total return (which includes distributions) and price return (just the share price) are different measurements.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 7.79% |
| 2 | APPLE INC | AAPL | 6.65% |
| 3 | ALPHABET INC CLASS A | GOOGL | 6.24% |
| 4 | MICROSOFT CORP | MSFT | 4.55% |
| 5 | AMAZON.COM INC | AMZN | 3.17% |
| 6 | FISERV INC | FISV | 2.15% |
| 7 | ABBVIE INC | ABBV | 2.13% |
| 8 | BROADCOM INC | AVGO | 2.03% |
| 9 | COSTCO WHOLESALE CORP | COST | 1.96% |
| 10 | GE AEROSPACE | GE | 1.95% |