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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 | 17.3 % | −12.0 % | 74 |
| Alphabet Inc Class A GOOGL | 11.3 % | −1.3 % | 70 |
| Apple Inc. AAPL | 7.0 % | +2.8 % | 82 |
| Microsoft Corporation MSFT | 4.1 % | +10.0 % | 66 |
| Micron Technology Inc MU | 3.8 % | −85.9 % | 74 |
| Meta Platforms Inc. META | 3.3 % | +10.0 % | 66 |
| Eli Lilly and Company LLY | 3.1 % | −31.2 % | 69 |
| Amazon.com Inc AMZN | 2.7 % | −48.9 % | 56 |
| Broadcom Inc AVGO | 2.5 % | −14.6 % | 71 |
| Taiwan Semiconductor Manufacturing TSM | 2.2 % | +11.3 % | 78 |
| Advanced Micro Devices Inc AMD | 1.7 % | −80.0 % | 75 |
| Space Exploration Technologies Corp. Class A Common Stock SPCX | 1.5 % | n/a | n/a |
| Sandisk Corp SNDK | 1.3 % | n/a | n/a |
| Tesla Inc TSLA | 1.3 % | −88.6 % | 40 |
| Mastercard Inc MA | 1.2 % | −36.3 % | 83 |
| Marvell Technology Group Ltd MRVL | 1.1 % | −62.9 % | 77 |
| Moderna Inc MRNA | 1.0 % | n/a | n/a |
| Intel Corporation INTC | 0.9 % | −50.9 % | 38 |
| Western Digital Corporation WDC | 0.8 % | −90.4 % | 71 |
| Amphenol Corporation APH | 0.8 % | +10.0 % | 68 |
| Westinghouse Air Brake Technologies Corp WAB | 0.8 % | −0.9 % | 68 |
| Flex Ltd FLEX | 0.8 % | −54.2 % | 63 |
| Sterling Infrastructure, Inc. STRL | 0.8 % | −15.3 % | 64 |
| Howmet Aerospace Inc HWM | 0.8 % | −77.1 % | 76 |
| The Boeing Company BA | 0.7 % | −84.7 % | 33 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 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 +87.2 % below FV
- 2 FXI iShares China Large-Cap ETF +57.2 % below FV
- 3 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +43.7 % below FV
- 4 MCHI iShares MSCI China ETF +41.9 % below FV
- 5 ITB iShares U.S. Home Construction ETF +31.4 % below FV
- 6 TAN Invesco Solar ETF +26.0 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.4 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +19.3 % below FV
- 9 ESPO VanEck Video Gaming and eSports ETF +18.3 % below FV
- 10 XIDV Franklin International Dividend Booster Index ETF +17.9 % 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: Sep 25, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.