Fidelity Enhanced Large Cap Core ETF
FELC
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Nov 20, 2023
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the Fidelity U.S. Large Cap Enhanced Index before fees and expenses. The fund employs an enhanced indexing approach, investing at least 80% of its assets in securities included in the index, which consists of large-cap U.S. stocks selected and weighted based on fundamental factors such as value, quality, and momentum; it may also engage in securities lending and use derivatives like futures and options for efficient portfolio management. FELC targets long-term capital appreciation for institutional and retail investors seeking core equity exposure with a factor tilt, primarily serving U.S. markets through listings on the Cboe BZX Exchange. FELC was launched in 2018 and is managed by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, headquartered in Boston, Massachusetts. The fund operates exclusively within the United States, focusing on domestic large-cap equities across sectors including technology, financials, healthcare, and consumer discretionary. It complements Fidelity's broader suite of enhanced index ETFs, such as those targeting growth or value styles, without notable international operations or subsidiaries of its own. In recent developments, FELC benefited from Fidelity's strategic expansion in active semi-transparent ETFs, including the 2023 launch of companion funds like Fidelity Enhanced U.S. Large Cap Growth ETF (FELG) and Fidelity Enhanced U.S. Large Cap Value ETF (FELV), reflecting a shift toward factor-based strategies amid market volatility. No major acquisitions, funding rounds, or name changes have occurred for FELC in the last 1-2 years, though Fidelity Investments announced enhancements to its ETF lineup in 2024, incorporating AI-driven optimization for index tracking and risk management. These updates align with broader industry trends toward smart beta products, positioning FELC for improved risk-adjusted returns in a high-interest-rate environment.