FELV
Fidelity Enhanced Large Cap Value ETF
FELV is actively managed, investing in large-cap value stocks belonging to a broad US equity value index.
US
EQUITY
Active
MANAGEMENT STYLE
1.8 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) | $1,848 |
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
BERKSHIRE HATHAWAY INC-CL B | 3.8 % |
JPMORGAN CHASE & CO | 3.0 % |
EXXON MOBIL CORP | 2.7 % |
UNITEDHEALTH GROUP INC | 1.8 % |
BANK OF AMERICA CORP | 1.7 % |
WAL-MART STORES INC | 1.6 % |
PROCTER & GAMBLE CO/THE | 1.4 % |
JOHNSON & JOHNSON | 1.3 % |
PFIZER INC | 1.2 % |
GENERAL ELECTRIC COMPANY | 1.1 % |
Constituent Breakdown
Number of holdings | 355 |
Herfindahl-Hirschman Index | 82 |
Wgt avg mkt cap (mns) | $193,317 |
Large cap (>$10bn) | 91.8% |
Mid cap ($2-10bn) | 7.8% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.9 % | |
IRELAND | 2.8 % | |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.3% | -- | -- | -- | -- | -- | 15.3% | 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) | 74 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.00% |
ADV of underlying (mns) | $143,145 |
Technical Indicators
Recent close | $29.67 |
30d moving avg. | $29.85 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 0 |
Short interest (ETF) | 0.0% |
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. FELV |
Expenses vs. FELV |
ALTAR Score™ vs. FELV |
---|---|---|---|---|
IVE | iShares S&P 500 Value ETF | 55.6% | 0 bp | -0.3% |
VOOV | Vanguard S&P 500 Value ETF | 55.6% | -8 bp | -0.2% |
SPYV | SPDR Portfolio S&P 500 Value ETF | 55.5% | -14 bp | -0.1% |
IUSV | iShares Core S&P US Value ETF | 54.5% | -14 bp | -0.1% |
VTV | Vanguard Value ETF | 53.5% | -14 bp | +0.0% |
VONV | Vanguard Russell 1000 Value ETF | 53.3% | -10 bp | -0.1% |
IWD | iShares Russell 1000 Value ETF | 53.3% | +1 bp | -0.3% |
IWX | iShares Russell Top 200 Value ETF | 52.9% | +2 bp | -0.5% |
STXV | Strive 1000 Value ETF | 52.1% | 0 bp | +1.0% |
MGV | Vanguard Mega Cap Value ETF | 51.4% | -11 bp | -0.2% |
Risk and Returns: FELV 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
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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
FELV
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FELV
6.7%
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%. FELV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places FELV in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FELVSELL
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 |
FELV (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) |
|
---|---|---|---|
FELV | 18.0 | 0.0 | 18 |
Peer Avg. | 45.1 | 20.9 | 66.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .