FFLV
Fidelity Fundamental Large Cap Value ETF
📎 Investment Objective
The Fidelity Fundamental Large Cap Value ETF (FFLV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Fundamental Large Cap Value Index, which is designed to reflect the performance of large-capitalization U.S. stocks that are undervalued relative to their fundamental measures.
Overview
ETF tracking Fidelity Fundamental Large Cap Value ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Fundamental Large Cap Value ETF (FFLV) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Fundamental Large Cap Value Index, which is designed to reflect the performance of large-capitalization U.S. stocks that are undervalued relative to their fundamental measures.
🎯 Investment Strategy
The ETF employs a passive management (or index-tracking) strategy, attempting to replicate the performance of its underlying index by holding the same securities in the same proportions. The index is constructed using a rules-based approach that selects and weights securities based on their relative valuation, profitability, and cash flow characteristics.
✨ Key Features
- Provides exposure to a diversified portfolio of large-cap U.S. value stocks
- Employs a fundamentally-weighted index methodology focused on valuation metrics
- Low expense ratio of 0.00% makes it a cost-effective large-cap value investment option
- Relatively new ETF with limited performance history
⚠️ Primary Risks
- Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities
- Sector concentration risk: The ETF may be more heavily weighted in certain sectors, which could negatively impact performance
- Style risk: The ETF's value-oriented investment approach may underperform growth-oriented strategies during certain market environments
- Liquidity risk: As a new ETF, it may have lower trading volume and liquidity compared to more established funds
👤 Best For
The Fidelity Fundamental Large Cap Value ETF may be suitable for long-term investors seeking exposure to a diversified portfolio of undervalued large-cap U.S. stocks as part of a broader asset allocation strategy. Due to its limited performance history, the ETF may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.