ETF Evaluator:
Federated Hermes US Strategic Dvd ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
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Risk
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ETF Details
Federated Hermes US Strategic Dvd ETF Overview
Federated Hermes US Strategic Dvd ETF (FDV) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Federated launched the ETF in 2022.
The investment seeks income and long-term capital appreciation.
The fund pursues its investment objective by investing primarily in high dividend-paying common stocks of U.S. issuers with dividend growth potential. The Advisor intends to invest exclusively in U.S. issuers (i.e., companies domiciled and/or with operations in the United States, or listed on U.S.-based exchanges), and generally invests in large-cap or mid-cap stocks.
About Federated Hermes US Strategic Dvd ETF (FDV)
There are 4 members of the management team with an average tenure of 3.71 years: Daniel Peris (2022), Deborah Bickerstaff (2022), Jared Hoff (2022) and Michael Tucker (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Federated Hermes US Strategic Dvd ETF has 51 securities in its portfolio. The top 10 holdings constitute 34.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Federated Hermes US Strategic Dvd ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Federated Hermes US Strategic Dvd ETF has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.3% There is 2.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Federated Hermes US Strategic Dvd ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $880 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FDV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Federated Hermes US Strategic Dvd ETF expense ratio is average compared to funds in the Large Value category. Federated Hermes US Strategic Dvd ETF has an expense ratio of 0.50%, which is 34% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Federated Hermes US Strategic Dvd ETF has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Federated Hermes US Strategic Dvd ETF returned 5.3%, which earned it a grade of A, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Federated Hermes US Strategic Dvd ETF has a trailing yield of 2.87%, which is above the 1.70% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Federated Hermes US Strategic Dvd ETF Grades
Year to date, the ETF has returned 17.4%, 3.0 percentage points better than the category, which translates into a grade of B. The fund has returned 22.2% over the past year (grade of D) and 14.2% over the past three years (grade of D).
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FDV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FDV Return (NAV) | 5.3% | 5.6% | 22.2% | 14.2% | na | na |
| FDV Return (Price) | 5.3% | 5.6% | 22.6% | 14.2% | na | na |
| NAV +/- Price Return | -0.029% | 0.005% | -0.418% | -0.065% | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| FDV Grade (NAV) | A | C | D | D | na | na |
| +/- Category (NAV) | 2.9% | -0.3% | -1.9% | -2.1% | na | na |
| FDV Tax-Cost Ratio | na | na | 1.0% | 1.1% | na | na |
FDV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDV Return (NAV) | 17.4% | 10.6% | 14.6% | -2.1% | na | na | na | na | na | na | na |
| FDV Return (Price) | 17.2% | 11.0% | 14.4% | -2.2% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.008% | 0.042% | -0.015% | 0.013% | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| FDV Grade (NAV) | B | F | C | F | na | na | na | na | na | na | na |
| +/- Category | 3.0% | -4.3% | -0.9% | -15.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.48 |
| R-Squared: | 26% |
| Standard Deviation: | 12.1% |
| Category Risk Index: | 0.99 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.99 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 2.9% |
| Total Assets: | $ 881 Mil |
| Share Class Assets: | $ 881 Mil |
| Turnover: | 37.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 3.7 years | |||
| Average Tenure: 3.7 years | |||
| Managers (Year): Peris Daniel (2022), Bickerstaff Deborah (2022), Hoff Jared (2022), Tucker Michael (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 34.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.3% |
| Foreign Stock: | 2.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Federated |
| Phone Number: | 800-341-7400 |
| Website: | |
| Inception Date: | November 15, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
