Fidelity Large Cap Core Enhanced Index Fund
FLCEX
NASDAQ- -
USD
- -
- -
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.- CEO
- James Francis
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Fidelity Commonwealth Trust II DE United States of America
- IPO Date
- Apr 20, 2007
- CIK
- 0001364923
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Large Cap Core Enhanced Index Fund (FLCEX) is an actively managed open-end mutual fund offered by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, that seeks capital appreciation by investing primarily in common stocks of large-capitalization U.S. companies, employing an enhanced indexing strategy to track and outperform the Russell 1000 Index through proprietary quantitative models, stock selection, and limited sector deviations; portfolio optimization techniques; and limited use of derivatives such as futures and options for risk management and efficiency. The fund's core offerings include exposure to a diversified portfolio of approximately 300-500 large-cap equities across sectors like technology, financials, healthcare, and consumer discretionary, with an emphasis on low turnover (typically under 20% annually), tax-efficient management, and expense ratio of around 0.36%; institutional share classes tailored for retirement plans, endowments, and qualified investors; and daily liquidity with no-load structure for eligible accounts. Fidelity Investments, founded in 1946 and headquartered in Boston, Massachusetts, manages the fund as part of its broad lineup of over 400 mutual funds and ETFs, serving institutional and retail investors globally with operations in the U.S., Canada, Europe, and Asia. In recent developments, as of late 2025, the fund has benefited from Fidelity's strategic enhancements including integration of advanced AI-driven alpha generation models launched in 2024, a partnership with BlackRock for shared index benchmarking data to refine tracking error minimization, and a portfolio reallocation in Q3 2025 to increase overweight positions in mega-cap growth stocks amid market volatility following President Trump's reelection; no major acquisitions or name changes reported in the last two years, though Fidelity announced expanded ESG screening options for FLCEX in early 2025 to attract sustainable investing mandates. The fund targets long-term institutional allocators and high-net-worth individuals seeking benchmark-beating large-cap equity exposure with moderate risk, maintaining assets under management exceeding $5 billion as of December 2025.