FELC: Active ETF With No Edge Over SPY

2025-02-25 14:32:50 ET

Summary

• Fidelity Enhanced Large Cap Core ETF is an actively managed ETF focused on the S&P 500 universe and aiming at beating the index.
• The sector breakdown of the FELC ETF is close to the benchmark, but its fundamentals are better.
• Nonetheless, FELC has been unable to bring excess return, staying on par with the S&P 500 on all time frames.
• Among large actively managed ETFs, DYNF shows more promise, but requires close monitoring due to its short track record.

FELC Strategy

Fidelity Enhanced Large Cap Core ETF ( FELC ) is an actively managed fund launched on 4/19/2007 and listed as an ETF on 11/20/2023. FELC has 186 holdings, a 30-day SEC yield of 0.96% and a net expense ratio of 0.18%. Actively managed funds have the ability to implement more flexible strategies, and the inconvenient to be less transparent than index-based ETFs....

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