FELC

The Fidelity Enhanced Large‑Cap Core ETF (FELC) primarily invests in U.S. large‑cap equities, holding a diversified portfolio of stocks that are included in the S&P 500 index and representing a broad range of sectors such as technology, financials, health care and consumer discretionary. Its investment approach blends a quantitative, model‑driven process with a top‑down industry‑allocation overlay and bottom‑up stock‑by‑stock selection, aiming to capture companies with attractive characteristics while maintaining a risk profile similar to the benchmark. The fund is designed for investors who want a core, actively managed large‑cap exposure as a building block in a diversified portfolio, particularly those seeking long‑term growth with a focus on U.S. equities rather than sector‑specific or international bets.