FLCC vs. USMV ETF Comparison

Comparison of Federated Hermes MDT Large Cap Core ETF (FLCC) to iShares MSCI USA Minimum Volatility ETF (USMV)

FLCC

Federated Hermes MDT Large Cap Core ETF

FLCC Description

The fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in large-cap companies. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$28.79

Average Daily Volume

1,206

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.46

Average Daily Volume

1,630,912

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	FLCC	USMV
30 Days	5.96%	1.70%
60 Days	7.71%	2.42%
90 Days	11.16%	4.02%
12 Months		25.63%

51 Overlapping Holdings

Symbol	Grade	Weight in FLCC	Weight in USMV	Overlap
AAPL	C	5.33%	0.99%	0.99%
ABBV	D	1.98%	1.04%	1.04%
ACGL	D	0.29%	0.68%	0.29%
ALNY	D	0.05%	0.22%	0.05%
AMGN	D	0.63%	0.59%	0.59%
AMZN	C	1.6%	0.14%	0.14%
ANET	C	1.45%	0.29%	0.29%
BAH	F	0.52%	0.39%	0.39%
CBOE	B	0.18%	0.85%	0.18%
CI	F	0.23%	0.21%	0.21%
CL	D	0.74%	0.41%	0.41%
COR	B	0.61%	0.67%	0.61%
CRM	B	0.16%	0.05%	0.05%
DELL	C	0.24%	0.12%	0.12%
ELV	F	0.27%	0.52%	0.27%
EOG	A	0.56%	0.17%	0.17%
GDDY	A	2.53%	1.0%	1.0%
GILD	C	0.96%	0.94%	0.94%
HIG	B	0.25%	0.12%	0.12%
HUBS	A	0.1%	0.24%	0.1%
HUM	C	0.25%	0.4%	0.25%
ICE	C	0.21%	0.28%	0.21%
INCY	C	0.59%	0.53%	0.53%
JNJ	D	1.15%	1.18%	1.15%
KMB	D	0.9%	0.21%	0.21%
KR	B	0.51%	0.61%	0.51%
LLY	F	0.27%	1.25%	0.27%
MA	C	0.56%	0.7%	0.56%
MPC	D	0.48%	0.54%	0.48%
MRK	F	0.76%	1.01%	0.76%
MSFT	F	5.55%	1.34%	1.34%
NEM	D	0.32%	0.46%	0.32%
NOW	A	0.12%	0.75%	0.12%
NTAP	C	0.2%	0.22%	0.2%
NVDA	C	3.9%	0.67%	0.67%
ORCL	B	0.38%	1.31%	0.38%
ORLY	B	0.36%	0.68%	0.36%
OTIS	C	0.27%	0.07%	0.07%
PEP	F	0.45%	1.01%	0.45%
PGR	A	0.79%	1.67%	0.79%
PSX	C	0.11%	0.06%	0.06%
REGN	F	0.29%	0.59%	0.29%
TJX	A	0.3%	0.45%	0.3%
TRV	B	1.05%	1.15%	1.05%
UNH	C	0.09%	1.34%	0.09%
UTHR	C	0.08%	0.14%	0.08%
VRSK	A	0.53%	0.42%	0.42%
VRTX	F	0.33%	0.69%	0.33%
WEC	A	0.23%	0.78%	0.23%
WM	A	0.28%	1.44%	0.28%
XEL	A	0.09%	0.46%	0.09%

FLCC Overweight 90 Positions Relative to USMV

Symbol	Grade	Weight
GOOGL	C	4.82%
META	D	2.49%
VLTO	D	2.38%
GEV	B	2.21%
SPOT	B	2.21%
AMP	A	2.16%
PRU	A	1.92%
NTNX	A	1.68%
PM	B	1.61%
FTNT	C	1.58%
APP	B	1.57%
STT	A	1.5%
BK	A	1.49%
COST	B	1.48%
QCOM	F	1.42%
IBKR	A	1.23%
NTRS	A	1.05%
KRC	C	1.03%
EXPE	B	0.99%
SN	D	0.96%
WING	D	0.93%
GAP	C	0.84%
LNG	B	0.84%
PPG	F	0.71%
ALSN	B	0.71%
PAYC	B	0.66%
RCL	A	0.63%
ZM	B	0.59%
PEGA	A	0.57%
VRT	B	0.54%
AMAT	F	0.51%
AAP	C	0.5%
ELAN	D	0.5%
CEG	D	0.47%
MUSA	A	0.47%
TRGP	B	0.47%
ZTS	D	0.46%
TT	A	0.44%
EBAY	D	0.44%
LII	A	0.42%
CRUS	D	0.39%
CRBG	B	0.38%
EIX	B	0.38%
PLTR	B	0.36%
FMC	D	0.36%
MU	D	0.33%
PVH	C	0.32%
ILMN	D	0.3%
MAS	D	0.28%
TSLA	B	0.28%
UNP	C	0.28%
BIIB	F	0.27%
DXC	B	0.27%
DASH	A	0.26%
DDOG	A	0.25%
VIRT	B	0.25%
RBLX	C	0.24%
AXTA	A	0.23%
ALLE	D	0.22%
HPE	B	0.22%
ADBE	C	0.22%
CAH	B	0.21%
RYAN	B	0.2%
CNC	D	0.18%
CW	B	0.18%
STLD	B	0.16%
WU	D	0.16%
R	B	0.15%
TFX	F	0.14%
ZI	D	0.14%
DVN	F	0.14%
GEHC	F	0.14%
ROK	B	0.14%
MAN	D	0.13%
QRVO	F	0.12%
MOS	F	0.12%
MSCI	C	0.12%
CBRE	B	0.1%
ESS	B	0.09%
EXC	C	0.07%
ALGN	D	0.07%
BERY	B	0.07%
SPG	B	0.06%
AA	B	0.05%
LRCX	F	0.05%
CCI	D	0.05%
SBAC	D	0.05%
F	C	0.04%
TER	D	0.03%
AMT	D	0.03%

FLCC Underweight 119 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.95%
MSI	B	-1.81%
WMT	A	-1.78%
IBM	C	-1.66%
WCN	A	-1.56%
RSG	A	-1.55%
BRK.A	B	-1.55%
DUK	C	-1.49%
CSCO	B	-1.47%
CB	C	-1.47%
APH	A	-1.44%
NOC	D	-1.43%
TXN	C	-1.39%
VZ	C	-1.35%
SO	D	-1.35%
MCK	B	-1.35%
ROP	B	-1.3%
ACN	C	-1.29%
AJG	B	-1.27%
MCD	D	-1.25%
PG	A	-1.23%
AVGO	D	-1.19%
ED	D	-1.13%
MMC	B	-1.11%
AZO	C	-0.98%
V	A	-0.9%
EA	A	-0.89%
FCNCA	A	-0.88%
LMT	D	-0.82%
K	A	-0.8%
CTSH	B	-0.76%
T	A	-0.74%
TSN	B	-0.71%
FI	A	-0.69%
GIS	D	-0.66%
VRSN	F	-0.64%
FICO	B	-0.59%
KDP	D	-0.59%
TDY	B	-0.57%
BDX	F	-0.56%
KEYS	A	-0.55%
FANG	D	-0.55%
FFIV	B	-0.55%
AON	A	-0.53%
CME	A	-0.53%
PTC	A	-0.52%
YUM	B	-0.5%
BMY	B	-0.49%
UBER	D	-0.45%
JNPR	F	-0.45%
XOM	B	-0.45%
MDLZ	F	-0.44%
WDAY	B	-0.43%
EG	C	-0.43%
ERIE	D	-0.42%
CHD	B	-0.4%
CMCSA	B	-0.39%
AEP	D	-0.39%
AKAM	D	-0.39%
KHC	F	-0.38%
WTW	B	-0.38%
CTVA	C	-0.38%
ROL	B	-0.36%
IT	C	-0.35%
AFG	A	-0.35%
GEN	B	-0.35%
CDW	F	-0.35%
CVX	A	-0.34%
MKL	A	-0.34%
GRMN	B	-0.33%
CPB	D	-0.33%
AIZ	A	-0.32%
NBIX	C	-0.32%
WMB	A	-0.31%
WRB	A	-0.31%
GLW	B	-0.31%
FWONK	B	-0.31%
HSY	F	-0.3%
HD	A	-0.3%
L	A	-0.28%
HON	B	-0.25%
AEE	A	-0.24%
ADI	D	-0.23%
D	C	-0.23%
AZPN	A	-0.23%
BMRN	D	-0.22%
HRL	D	-0.21%
TW	A	-0.2%
DTE	C	-0.2%
PKG	A	-0.2%
PFE	D	-0.2%
DPZ	C	-0.19%
CRWD	B	-0.19%
CMS	C	-0.19%
CDNS	B	-0.18%
MELI	D	-0.18%
MOH	F	-0.18%
SNPS	B	-0.18%
HOLX	D	-0.16%
LIN	D	-0.16%
STX	D	-0.16%
GOOG	C	-0.16%
MDT	D	-0.13%
OXY	D	-0.12%
DGX	A	-0.11%
KO	D	-0.1%
LNT	A	-0.1%
RTX	C	-0.09%
ADP	B	-0.09%
ABT	B	-0.09%
TEL	B	-0.07%
ATO	A	-0.06%
FSLR	F	-0.06%
KNX	B	-0.06%
VLO	C	-0.05%
BR	A	-0.05%
GD	F	-0.05%
ULTA	F	-0.04%
CVS	D	-0.04%