FELG

Fidelity Enhanced Large Cap Growth ETF

FELG is actively managed, investing in large-cap growth stocks belonging to a broad US equity growth index.


US

EQUITY

Active

MANAGEMENT STYLE

3.2 B

ASSETS UNDER MGMT

18 bp

EXPENSES
Fund Basics
Fund sponsorFidelity
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 19, 2007
Assets (mns)$3,174
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 12.7 %
NVIDIA CORP 11.1 %
MICROSOFT CORP 10.0 %
AMAZON.COM INC 7.3 %
META PLATFORMS INC 4.8 %
TESLA MOTORS INC 4.5 %
ALPHABET INC. CLASS A 3.7 %
BROADCOM INC. 3.7 %
ALPHABET INC. CLASS C 2.7 %
MASTERCARD INCORPORATED CLASS A 2.0 %
Constituent Breakdown
Number of holdings91
Herfindahl-Hirschman Index 548
Wgt avg mkt cap (mns)$1,504,550
Large cap (>$10bn)98.8%
Mid cap ($2-10bn)1.2%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.0 %
IRELAND 0.9 %
Historical Performance


Standardized Performance (as of 12/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 31.7% -- -- -- -- -- 31.7%
Volatility -- -- -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)386
Turnover0.4%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$132,257
Technical Indicators
Recent close$35.87
30d moving avg.$35.66
Annualized volatility0.0%
Relative strength (RSI)56
Short interest (ETF)0.1%
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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Risk and Returns: FELG vs. Comps (1 YR)

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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 --%
4.0 27.3 7.2 0.6% --
Based on closing prices from 1/17/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FELG



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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

FELG

4.6%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 979 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.5%. FELG's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places FELG in the 36th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FELG
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
FELG (18 bp) Percentile rank 9
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FELG 18.0 0.0 18
Peer Avg. 66.5 46.8 113.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .