Fidelity Fundamental Large Cap Value ETF (FFLV)

Fidelity Fundamental Large Cap Value ETF (FFLV) is an actively managed exchange-traded fund sponsored by Fidelity Investments. Its objective is long-term capital growth through investment in large-capitalization companies that the managers consider undervalued.

Stock selection relies on Fidelity's fundamental research, with analysts and portfolio managers assessing each company's business quality, cash flows, balance sheet and valuation relative to its prospects. The fund concentrates on value-oriented large caps, primarily in the United States, though it has flexibility to own companies from other countries.

As an active fund, FFLV does not replicate a benchmark index, and its sector and security weights are driven by the managers' judgment about where value opportunities exist.