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About Fidelity Enhanced Large Cap Value ETF
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Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
ISIN
US31609A1079
FELV seeks growth of capital by primarily focusing on stocks included in the Russell 1000 Value Index. The Rusell 1000 Value Index is a market cap-weighted index comprised of the 1000 largest US companies that exhibit value-oriented characteristics. These value stocks are typically those that have lower valuations relative to their earnings, assets or sales, often seen as undervalued or overlooked by the market. The investment decisions for FELV are guided by a computer-aided quantitative system, taking into account factors such as a firms past growth, worth and profitability. The objective is to potentially yield a total return higher than that of the Russell 1000 Value Index. While FELVs investments are centered around US stocks, it is also open to stocks from issuers overseas. Furthermore, the fund may participate in securities lending as a way to generate additional income. FELV converted from a mutual fund to an actively managed ETF, with $1.77 billion in assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Electronic Technology
Stocks98.90%
Finance23.42%
Electronic Technology12.13%
Technology Services9.88%
Health Technology8.38%
Retail Trade7.10%
Producer Manufacturing5.00%
Consumer Non-Durables4.88%
Consumer Services4.20%
Energy Minerals4.02%
Utilities3.41%
Transportation2.50%
Process Industries2.20%
Health Services2.17%
Commercial Services2.14%
Industrial Services2.08%
Non-Energy Minerals2.04%
Communications1.51%
Consumer Durables1.13%
Distribution Services0.71%
Bonds, Cash & Other1.10%
Cash0.50%
Mutual fund0.42%
Government0.17%
Futures0.01%
Stock breakdown by region
North America96.06%
Europe3.93%
Middle East0.01%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FELV invests in stocks. The fund's major sectors are Finance, with 23.42% stocks, and Electronic Technology, with 12.13% of the basket. The assets are mostly located in the North America region.
FELV top holdings are Berkshire Hathaway Inc. Class B and JPMorgan Chase & Co., occupying 3.36% and 2.81% of the portfolio correspondingly.
FELV last dividends amounted to 0.15 USD. The quarter before, the issuer paid 0.15 USD in dividends, which shows a 0.68% decrease.
FELV assets under management is 2.44 B USD. It's risen 1.20% over the last month.
FELV fund flows account for 266.58 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FELV pays dividends to its holders with the dividend yield of 1.72%. The last dividend (Sep 23, 2025) amounted to 0.15 USD. The dividends are paid quarterly.
FELV shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FELV expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
FELV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FELV invests in stocks.
FELV price has risen by 2.34% over the last month, and its yearly performance shows a 9.74% increase. See more dynamics on FELV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.59% over the last month, showed a 4.88% increase in three-month performance and has increased by 11.21% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.59% over the last month, showed a 4.88% increase in three-month performance and has increased by 11.21% in a year.
FELV trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.