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)$3,170
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 12.6 %
MICROSOFT CORP 11.6 %
NVIDIA CORP 10.8 %
AMAZON.COM INC 6.1 %
META PLATFORMS INC 4.2 %
ALPHABET INC. CLASS A 3.7 %
BROADCOM INC. 3.1 %
ALPHABET INC. CLASS C 3.1 %
ELI LILLY & CO 2.1 %
MASTERCARD INCORPORATED CLASS A 1.9 %
Constituent Breakdown
Number of holdings110
Herfindahl-Hirschman Index 543
Wgt avg mkt cap (mns)$1,389,530
Large cap (>$10bn)98.9%
Mid cap ($2-10bn)1.1%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.6 %
IRELAND 0.6 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 30.0% -- -- -- -- -- 30.0%
Volatility -- -- -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)259
Turnover0.3%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$137,441
Technical Indicators
Recent close$36.26
30d moving avg.$33.38
Annualized volatility0.0%
Relative strength (RSI)51
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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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 --%
4.5 28.3 7.5 0.5% --
Based on closing prices from 12/12/2024
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

4.4%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.4%. FELG's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places FELG in the 34th 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 10
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. 66.9 49.3 116.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .