FELC
Fidelity Enhanced Large Cap Core ETF
FELC is actively managed, investing in large-cap stocks belonging to a broad US equity index.
US
EQUITY
Active
MANAGEMENT STYLE
3.4 B
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2007 |
| Assets (mns) | $3,433 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 7.3 % |
| NVIDIA CORP | 6.5 % |
| MICROSOFT CORP | 6.4 % |
| AMAZON.COM INC | 3.7 % |
| META PLATFORMS INC | 2.7 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.2 % |
| ALPHABET INC. CLASS C | 2.2 % |
| ALPHABET INC. CLASS A | 2.1 % |
| BROADCOM INC. | 1.9 % |
| JPMORGAN CHASE & CO | 1.9 % |
Constituent Breakdown
| Number of holdings | 200 |
| Herfindahl-Hirschman Index | 221 |
| Wgt avg mkt cap (mns) | $869,275 |
| Large cap (>$10bn) | 96.0% |
| Mid cap ($2-10bn) | 3.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.6 % |
 |
IRELAND | 1.0 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.0% | -- | -- | -- | -- | -- | 17.0% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 604 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $148,776 |
Technical Indicators
| Recent close | $30.16 |
| 30d moving avg. | $30.91 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FELC |
Expenses vs. FELC |
ALTAR Score™ vs. FELC |
|---|---|---|---|---|
| MGC | Vanguard Mega Cap ETF | 66.2% | -11 bp | -0.5% |
| IWL | iShares Russell Top 200 ETF | 66.1% | -3 bp | -0.6% |
| OEF | iShares S&P 100 ETF | 64.3% | +2 bp | -0.5% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 61.8% | -9 bp | -0.5% |
| IVV | iShares Core S&P 500 ETF | 61.8% | -15 bp | -0.3% |
| VOO | Vanguard S&P 500 ETF | 61.7% | -15 bp | -0.3% |
| SPY | SPDR S&P 500 ETF Trust | 61.7% | -9 bp | -0.4% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 61.7% | +2 bp | -0.6% |
| SPLG | SPDR Portfolio S&P 500 ETF | 61.7% | -16 bp | -0.3% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 61.6% | -11 bp | -0.4% |
Risk and Returns: FELC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FELC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FELC
5.7%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. FELC's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places FELC in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FELCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FELC (18 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FELC | 18.0 | 0.0 | 18 |
| Peer Avg. | 56.5 | 21.9 | 78.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .