Federated Hermes MDT Large Cap Value ETF (FLCV) Stock Price, Quote, News & History

The Fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies undervalued relative to the market. The Funds investment advisers (Adviser) investment strategy utilizes a large-cap value approach by selecting most of its investments from companies listed in the Russell 1000 Value Index, an index that measures the performance of those companies with lower price-to-book ratios and lower 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. The Fund considers large-cap companies to be those within the range of companies listed in the Russell 1000 Value Index. As of June 28, 2024, companies in the Russell 1000 Value Index ranged in market capitalization from dollar 0.4 billion to dollar 0.9 trillion. As more fully described in this Prospectus, the Funds investments primarily include the following: equity securities of domestic issuers and real estate investment trusts (REITs). As the Funds sector exposure approximates the Russell 1000 Value Index, the Fund may, from time to time, have large allocations to certain broad market sectors, such as financials, healthcare and industrials.