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Fidelity Fundamental Large Cap Growth (FFLG)Overvalued or undervalued?
Look-through valuation · Style & factor · Expense ratio 0.38 % · ISIN US3160923377
Price history (since 2021)
Monthly close since 2021. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 17.1 % | −13.1 % | 73 |
| Alphabet Inc Class A GOOGL | 10.7 % | n/a | n/a |
| Apple Inc. AAPL | 7.4 % | +1.6 % | 82 |
| Microsoft Corporation MSFT | 4.6 % | +10.0 % | 66 |
| Meta Platforms Inc. META | 3.8 % | +10.0 % | 66 |
| Advanced Micro Devices Inc AMD | 3.1 % | −79.8 % | 75 |
| Micron Technology Inc MU | 3.0 % | −84.1 % | 72 |
| Eli Lilly and Company LLY | 2.9 % | −35.8 % | 67 |
| Amazon.com Inc AMZN | 2.7 % | −50.8 % | 56 |
| Broadcom Inc AVGO | 2.4 % | −15.2 % | 71 |
| Taiwan Semiconductor Manufacturing TSM | 2.3 % | +19.2 % | 77 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 1.8 % | n/a | n/a |
| Tesla Inc TSLA | 1.3 % | −89.1 % | 49 |
| Mastercard Inc MA | 1.2 % | −40.6 % | 83 |
| Sandisk Corp SNDK | 1.1 % | +51.1 % | 82 |
| Moderna Inc MRNA | 1.0 % | n/a | n/a |
| Amphenol Corporation APH | 0.9 % | −16.4 % | 56 |
| Western Digital Corporation WDC | 0.8 % | −52.0 % | 82 |
| Flex Ltd FLEX | 0.8 % | −54.2 % | 63 |
| Westinghouse Air Brake Technologies Corp WAB | 0.8 % | +1.5 % | 67 |
| Howmet Aerospace Inc HWM | 0.8 % | −75.7 % | 76 |
| Palo Alto Networks Inc PANW | 0.8 % | −90.0 % | 45 |
| Sterling Infrastructure, Inc. STRL | 0.7 % | −12.7 % | 64 |
| Datadog Inc DDOG | 0.7 % | −88.5 % | 59 |
| Marvell Technology Group Ltd MRVL | 0.7 % | −62.2 % | 78 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about FFLG
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What is the fair value of FFLG?
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How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity Covington Trust - Fidelity Fundamental Large Cap Growth ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.