Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC)

The Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) is an actively managed fund from Fidelity Investments that launched in 2024. Its objective is capital growth.

The fund invests in U.S. stocks across all market capitalizations, from large companies to smaller ones. Fidelity uses a quantitative investment process that evaluates stocks on factors such as valuation, quality, momentum and other characteristics, aiming to modestly outperform the broad U.S. stock market while keeping overall risk and sector exposure close to it.

The enhanced approach makes relatively small, diversified active bets across many holdings rather than concentrated positions.