Fidelity Covington Trust - Fidelity Enhanced Large Cap Growth ETF

Frequently Asked Questions About FLGEX

What does FLGEX invest in?

This fund primarily aims to achieve substantial long-term growth for its investors. It generally commits at least 80% of its total assets to common stocks that are components of the Russell 1000 Growth Index. This specific index is weighted by the market value of its constituents and is designed to reflect the returns of large, expanding companies within the U.S. stock market. The fund's investments are not limited to domestic firms; it also holds shares of international companies.

What is the expense ratio of FLGEX?

Fidelity Covington Trust - Fidelity Enhanced Large Cap Growth ETF (FLGEX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLGEX?

Fidelity Covington Trust - Fidelity Enhanced Large Cap Growth ETF (FLGEX) manages $0 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FLGEX actively managed or an index fund?

FLGEX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FLGEX's is 0.00%) because there's no security selection cost.

When was FLGEX launched?

Fidelity Covington Trust - Fidelity Enhanced Large Cap Growth ETF (FLGEX) launched in April 2007 and is managed by Fidelity.

How has FLGEX performed?

FLGEX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.