Key stats
About Fidelity Fundamental Large Cap Core ETF
Expense ratio
0.38%
Home page
Inception date
Jun 3, 2020
FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.
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
Technology Services
Electronic Technology
Finance
Stocks98.87%
Technology Services21.34%
Electronic Technology20.72%
Finance12.56%
Health Technology7.58%
Retail Trade5.91%
Energy Minerals5.20%
Producer Manufacturing4.12%
Utilities3.72%
Health Services3.49%
Consumer Services3.42%
Consumer Non-Durables3.20%
Transportation2.75%
Commercial Services1.47%
Process Industries1.19%
Distribution Services0.88%
Industrial Services0.69%
Non-Energy Minerals0.62%
Bonds, Cash & Other1.13%
Cash0.99%
Mutual fund0.14%
Futures0.00%
Stock breakdown by region
North America98.99%
Europe1.01%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history