2024-06-06 15:17:41 ET
Summary
- FFLC is an actively managed large-cap blend fund with a new management team in place as of February 2024. Expenses are 0.38% and the ETF manages $318 million in assets.
- The new management team has yet to make any material changes to the portfolio since taking over. Mega-cap stocks like Microsoft and Nvidia lead the top ten.
- FFLC's approach slightly tilts growth, but the ETF is also attractively valued. Investors need to balance these fundamentals against the fund's relatively weak diversification and short history.
- Overall, FFLC deserves a spot on my watchlist, and I have assigned it a solid "hold" rating.
Investment Thesis
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For further details see:
FFLC: Active Large-Cap Blend ETF Now On My Watchlist