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About Fidelity Fundamental Large Cap Core ETF
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Inception date
Jun 3, 2020
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
FMR Co., Inc.
Distributor
Fidelity Distributors Corp.
FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.81%
Electronic Technology23.15%
Technology Services20.10%
Finance18.41%
Producer Manufacturing6.43%
Retail Trade6.20%
Health Technology5.64%
Energy Minerals4.32%
Consumer Non-Durables3.74%
Consumer Services3.00%
Utilities1.85%
Industrial Services1.68%
Non-Energy Minerals1.64%
Transportation1.14%
Health Services0.91%
Commercial Services0.64%
Consumer Durables0.55%
Process Industries0.40%
Bonds, Cash & Other0.19%
Mutual fund0.10%
Cash0.09%
Futures0.01%
Stock breakdown by region
North America91.96%
Europe5.81%
Asia1.72%
Latin America0.50%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FFLC invests in stocks. The fund's major sectors are Electronic Technology, with 23.15% stocks, and Technology Services, with 20.10% of the basket. The assets are mostly located in the North America region.
FFLC top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 8.02% and 6.92% of the portfolio correspondingly.
FFLC last dividends amounted to 0.13 USD. The quarter before, the issuer paid 0.12 USD in dividends, which shows a 9.23% increase.
FFLC assets under management is 786.25 M USD. It's risen 6.11% over the last month.
FFLC fund flows account for 329.31 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FFLC pays dividends to its holders with the dividend yield of 0.91%. The last dividend (Jun 24, 2025) amounted to 0.13 USD. The dividends are paid quarterly.
FFLC shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Jun 3, 2020, and its management style is Active.
FFLC expense ratio is 0.38% meaning you'd have to pay 0.38% of your investment to help manage the fund.
FFLC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FFLC invests in stocks.
FFLC price has risen by 5.89% over the last month, and its yearly performance shows a 15.21% increase. See more dynamics on FFLC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.07% over the last month, showed a 20.17% increase in three-month performance and has increased by 15.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.07% over the last month, showed a 20.17% increase in three-month performance and has increased by 15.53% in a year.
FFLC trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.