FLCG: FEDERATED HERMES MDT LARGE CAP GROWTH ETF
ETF Education Report: Federated Hermes MDT Large Cap Growth ETF (FLCG)
What this ETF is trying to do
The Federated Hermes MDT Large Cap Growth ETF (FLCG) is an exchange-traded fund designed to focus on large companies that are expected to grow. It holds a variety of stocks, including major technology and healthcare names.
What the numbers show
As of October 5, 2026, the current price of FLCG is $36.42. Looking at historical performance:
• Year-to-Date (YTD): The price return is approximately 10.13%. The total return, which includes distributions, is also approximately 10.13%.
• One-Year Performance: The share-price return over the last year was approximately 11.72%. When including distributions, the one-year total return was approximately 11.77%.
To visualize this, if you look at the estimated price from roughly one year ago, it was approximately $32.60. Since then, the share price has increased.
Top Holdings
The following are the top holdings in this ETF (note that this is a partial list and holdings can change over time):
• NVIDIA CORP: 15.32%
• ALPHABET INC CLASS A: 12.45%
• APPLE INC: 8.28%
• MICROSOFT CORP: 4.57%
• BROADCOM INC: 3.60%
• MICRON TECHNOLOGY INC: 3.06%
• TESLA INC: 2.86%
• CROWDSTRIKE HOLDINGS INC CLASS A: 2.68%
• ELI LILLY AND CO: 2.43%
• ARISTA NETWORKS INC: 2.34%
Income and distribution explanation
This ETF provides some cash to investors through distributions. The distribution yield is approximately 4.31%. It is important to remember that the distribution yield is not the same as total return. While distributions provide cash, they do not guarantee that your original investment will stay the same value. In this case, the distributions are described as "irregular" or "less frequent."
NAV erosion explanation
"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases over time. StockValueFinder uses an "erosion-risk score" to measure this risk. For FLCG, the erosion score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The ETF has shown positive price returns over the last year and year-to-date.
• It shows no detected price erosion according to the current erosion score.
Cons
• The distribution frequency is irregular, meaning investors cannot rely on a steady schedule of cash payments.
• The income rating grade is a "C."
Beginner takeaway
FLCG focuses on large growth companies. While it has seen price increases recently, investors should distinguish between the share-price return and the total return. Always remember that a distribution yield tells you about cash payments, but it does not tell you how much the total value of your investment has changed.
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 | 15.32% |
| 2 | ALPHABET INC CLASS A | GOOGL | 12.45% |
| 3 | APPLE INC | AAPL | 8.28% |
| 4 | MICROSOFT CORP | MSFT | 4.57% |
| 5 | BROADCOM INC | AVGO | 3.60% |
| 6 | MICRON TECHNOLOGY INC | MU | 3.06% |
| 7 | TESLA INC | TSLA | 2.86% |
| 8 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 2.68% |
| 9 | ELI LILLY AND CO | LLY | 2.43% |
| 10 | ARISTA NETWORKS INC | ANET | 2.34% |