FELV
Fidelity Enhanced Large Cap Value ETF
📎 Investment Objective
The Fidelity Enhanced Large Cap Value ETF (FELV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Enhanced Value Index, which is designed to provide exposure to large-capitalization U.S. stocks that are undervalued relative to their peers.
Overview
ETF tracking Fidelity Enhanced Large Cap Value ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Enhanced Large Cap Value ETF (FELV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Enhanced Value Index, which is designed to provide exposure to large-capitalization U.S. stocks that are undervalued relative to their peers.
🎯 Investment Strategy
The ETF employs a passive, index-based approach, investing in a representative sample of securities included in the underlying index. The index uses a rules-based methodology to identify large-cap U.S. stocks that are undervalued based on various fundamental factors.
✨ Key Features
- Provides exposure to a diversified portfolio of large-cap U.S. value stocks
- Utilizes a rules-based index methodology to identify undervalued companies
- Aims to deliver returns that track the performance of the Fidelity Enhanced Value Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the ETF's holdings may decline due to general market conditions or other factors
- Value investing risk: The ETF's value-oriented investment approach may underperform growth or other investment styles
- Concentration risk: The ETF may be more susceptible to factors affecting its target index or sector than a more diversified fund
- Passive investment risk: The ETF's performance may not match the performance of its underlying index
👤 Best For
The Fidelity Enhanced Large Cap Value ETF may be suitable for long-term investors seeking exposure to a diversified portfolio of large-cap U.S. value stocks as part of a broader investment strategy. Investors should have a moderate risk tolerance and a long-term investment horizon to potentially benefit from the ETF's value-oriented approach.