FFLC: Large Cap ETF With Strong Risk-Adjusted Returns

Fidelity Fundamental Large Cap Core ETF (FFLC) is reaffirmed as a Buy for core U.S. equity allocation, driven by outperformance since 2020. FFLC's actively managed, 103-stock portfolio closely tracks sector weights of benchmarks but moderately underweights technology and overweights industrials. FFLC has delivered superior risk-adjusted performance (Sharpe ratio) versus large-cap benchmarks and factor ETFs since its inception.