Federated Hermes MDT Large Cap Growth ETF (FLCG) Stock Price, Quote, News & History

The Fund seeks to achieve its objective by investing primarily in the common stock of large-sized U.S. companies. The investment adviser's investment strategy utilizes a large-capitalization growth approach by selecting most of its investments from companies listed in the Russell 1000 Growth Index, an index that measures the performance of those companies with higher price-to-book ratios and higher forecasted growth values within the large-cap segment of the U.S. equity universe, which includes the 1,000 largest U.S. companies by market capitalization. As the Funds sector exposure approximates the Russell 1000 Growth Index, the Fund may, from time to time, have large allocations to certain broad market sectors, such as information technology, consumer discretionary and communication services. The Fund considers large-cap companies to be those within the range of companies listed in the Russell 1000 Growth Index. As of June 28, 2024, companies in the Russell 1000 Growth Index ranged in market capitalization from $0.4 billion to $3.3 trillion. As more fully described in this Prospectus, the Fund's investments primarily include the following: equity securities of domestic issuers and real estate investment trusts. Although the Fund's investments are primarily selected from companies listed in the Russell 1000 Growth Index in relation to their index weightings, the Fund is not designed to track the overall composition or returns of the Russell 1000 Growth Index and the Adviser actively manages the Fund's investment strategy using the Funds quantitative model.