FLCG ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The Federated Hermes MDT Large Cap Growth ETF is an actively managed fund that invests in US large-cap growth stocks using a quantitative approach. Fees, growth outlook, and volatility are the key items to check, and comparison with passive growth ETFs is the main selection criterion. The ticker is FLCG.
SubscribeWhat Is the Federated Hermes MDT Large Cap Growth ETF?
This is an active ETF that uses a quantitative model to select stocks, focusing on large-cap growth companies in the Russell 1000 Growth Index. It seeks long-term capital appreciation while aiming for exposure that differs from the growth index.
By adding quantitative selection to US large-cap growth investing, it suits growth-oriented investors who hope to differentiate from the market.
It is an ETF with an active (actively managed) approach, managed by Federated Hermes.
How Does the Federated Hermes MDT Large Cap Growth ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | Active (does not track a benchmark) |
| Management Style | Active (quantitative growth) |
| Rebalancing Frequency | As needed (at manager's discretion) |
| Dividend Frequency | Irregular |
| Total Expense Ratio | 0.39% |
It uses the Russell 1000 Growth Index as its investment universe and selects large-cap growth companies with a quantitative model. It places weight on companies with strong growth potential but picks stocks quantitatively, pursuing differentiated large-cap growth exposure that is distinct from simply tracking a growth index.
- Large-cap growth selection based on a quantitative model
- Differentiated exposure compared with the growth index
Federated Hermes MDT Large Cap Growth ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $792.2M, and the total expense ratio is 0.39% per year.
Unlike passive growth ETFs, quantitative selection can cause performance to diverge from the market, and the large weighting in growth stocks makes the fund sensitive to interest rates and earnings.
Federated Hermes MDT Large Cap Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeLarge-cap growth stocks react sensitively to technology demand, earnings, and the interest rate environment. They can be strong when growth stocks are in favor, but volatility may rise when rates climb or growth stocks correct, so performance depends heavily on market direction and big tech weighting.
Money tends to flow into large-cap growth ETFs when interest in growth investing and quantitative management rises, while inflows can slow relatively when rates rise or preference for value stocks strengthens.
Federated Hermes MDT Large Cap Growth ETF Pros and Cons
Its strength is large-cap growth exposure enhanced by quantitative selection, while its weaknesses are growth stock volatility, performance dispersion, and active management fees.
💪 Key Strengths
⚠️ Points to Watch
Federated Hermes MDT Large Cap Growth ETF Alternative ETFs and Related Products
VUG, IWF, IVW, and others shown in the table are passive large-cap growth ETFs with a different management approach. For more large-cap growth exposure, you can also compare the mega-cap growth ETF MGK, the Nasdaq 100-based QQQ, and the Russell Top 200 Growth ETF IWY. They differ in holdings, weighting methods, and fees, so it is best to choose according to your investment style.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $86.14 | +1.5% | $220.5B | 0.03% | 0.4% | +4.7% |
 IWF | iShares Russell 1000 Growth ETF | $117.90 | +0.4% | $120.1B | 0.18% | 0.37% | -1.6% |
 IVW | iShares S&P 500 Growth ETF | $136.25 | +1.3% | $74.4B | 0.18% | 0.36% | +10.6% |
 SCHG | Schwab U.S. Large-Cap Growth ETF | $34.72 | +1.3% | $61.7B | 0.04% | 0.4% | +5.5% |
 SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | $117.97 | +1.3% | $54.1B | 0.04% | 0.5% | +10.6% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.41% | $200.13 | -3.2% | $4.82T | 25.3 | 0.39% |
| AAPL | Apple Inc | 0.31% | $349.51 | +5.3% | $5.10T | 38.9 | 0.33% |
| GOOG | Alphabet Inc | 0.12% | $287.30 | +3.3% | $3.52T | 15.0 | 0.3% |
| MSFT | Microsoft Corp | 0.17% | $555.80 | +6.7% | $4.13T | 29.0 | 0.7% |
| GOOGL | Alphabet Inc | 0.07% | $288.93 | +3.2% | $3.52T | 15.1 | 0.3% |
Federated Hermes MDT Large Cap Growth ETF Investor Checkpoints
These are the points to review before investing in FLCG. As a quantitative large-cap growth ETF, it is important to check growth stock volatility, performance dispersion, fee level, and management approach together in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check active management fees | Needs verification |
| 📈 Growth Exposure | Check large-cap growth stock weighting | Growth-oriented |
| 📉 Volatility | Check volatility based on growth stock weighting | Somewhat high |
| 🔍 Management Approach | Check quantitative model-based selection | Active |
The large growth stock weighting can increase volatility when rates rise or growth stocks correct, and quantitative selection can create performance gaps versus the market. Fees from active management should also be taken into account.
It is an active ETF suited to growth-oriented investors who expect differentiation from quantitative selection applied to US large-cap growth stocks. If you want low-cost diversification, a passive growth ETF may be the alternative, while if you want quantitative large-cap growth management, FLCG may be the choice.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 5, 2026.
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