Fidelity U.S. Multifactor ETF
FLRG
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity U.S. Multifactor ETF (FLRG) is an exchange-traded fund that seeks to provide investment returns corresponding to the performance of the Fidelity U.S. Multifactor Index before fees and expenses. The index reflects the performance of large- and mid-capitalization U.S. companies selected for attractive valuations, high quality profiles, positive momentum signals, and lower volatility compared to the broader market; it emphasizes a multifactor approach incorporating value, quality, momentum, and low volatility factors across diversified sectors. FLRG offers investors exposure to approximately 235-272 million USD in assets under management, with a competitive expense ratio of 0.16%-0.29%, quarterly dividend distributions yielding around 1.19%-1.58%, and share trading on NYSE Arca. The ETF is issued by Fidelity Covington Trust, managed by Fidelity Investments with a team including Louis Bottari, Payal Gupta, Peter Matthew, and Robert Regan. FLRG targets institutional and retail investors seeking smart beta strategies in the U.S. equity large blend category, with holdings diversified across market caps and sectors including technology, financials, and healthcare. Operations focus on the U.S. market, domiciled in the United States with headquarters aligned to Fidelity Investments in Boston, Massachusetts. Launched on September 15, 2020, the ETF forms part of Fidelity's expansive lineup of over 33 factor-based and active ETFs available commission-free on Fidelity platforms. Recent developments include Fidelity Investments' expansion of its ETF offerings, such as the November 2024 launch of five actively managed equity ETFs including Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and Fidelity Enhanced Emerging Markets ETF (FEMR), alongside reductions in pricing for active high yield and short-term bond ETFs. In February 2025, Fidelity introduced new all-ETF model portfolios for wealth management firms, responding to rising ETF allocations reaching 53% of advisor portfolios by Q4 2024. Additional strategic moves encompass launches of actively managed liquid alternatives ETFs in April 2024, partnerships with Sygnum and Chainlink in July 2024, and ongoing mergers and acquisitions activity averaging $141 million per deal to bolster its $585 billion ETF client assets.