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The Federated Hermes MDT Large Cap Growth ETF is engineered to achieve its investment targets by primarily allocating capital to the shares of prominent American corporations. A fundamental component of its strategy is to ensure that a minimum of 80% of its total assets, which includes any funds obtained through borrowing, are dedicated to a blend of large-capitalization and growth-focused securities. This fund is dynamically managed, with the portfolio manager actively trading its holdings in pursuit of its overarching investment objective.
Is FLCG's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
FLCG offers a balanced approach between passive exposure and active management, with a 37.60% active share and sector neutrality to its large-cap growth benchmark, represented by IWF. My fundamental analysis reveals small sacrifices on quality and growth in exchange for less risk and a 12% forward P/E discount over IWF, a combination I find attractive. I appreciate how Federated Hermes is keenly aware that deviating too much from high-quality mega-cap growth stocks often leads to poor returns. Tactical selections must be made carefully.
PITTSBURGH , Aug. 23, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that the Federated Hermes ETF Trust, on behalf of its portfolio, Federated Hermes MDT Large Cap Growth ETF (NYSE: FLCG), which seeks long-term capital appreciation by investing primarily in common stocks of large capitalization (large-cap) U.S. companies with higher forecasted growth values relative to the market, has obtained approval by majority shareholder consent action to change from a diversified company to a non-diversified company. The change was approved by written consent in lieu of a shareholder meeting and no proxy or solicitation was necessary.
PITTSBURGH , Aug. 9, 2024 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that the Board of Trustees of Federated Hermes ETF Trust, on behalf of its portfolio, Federated Hermes MDT Large Cap Growth ETF (NYSE: FLCG), has approved a change in the fundamental policy with respect to diversification, changing from a diversified company to a non-diversified company, subject to shareholder approval. The Board of Trustees also established Aug. 19, 2024, as the record date for majority shareholder consent action to be determined on Aug. 23, 2024.