Fidelity Large Cap Value Enhanced Index Fund

Frequently Asked Questions About FLVEX

What does FLVEX invest in?

The Fidelity Large Cap Value Enhanced Index Fund (FLVEX) aims to generate capital growth for its investors. To achieve this, the fund typically allocates a minimum of 80% of its total assets to common stocks. These equity holdings are primarily selected from companies within the Russell 1000® Value Index, a benchmark designed to track the performance of large, value-oriented U.S. companies, with its components weighted by their market capitalization. While focusing on the U.S. market, the fund also has the flexibility to invest in securities issued by both domestic and international entities.

What is the expense ratio of FLVEX?

An expense ratio for Fidelity Large Cap Value Enhanced Index Fund (FLVEX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is FLVEX?

Fidelity Large Cap Value Enhanced Index Fund (FLVEX) manages $1.97B 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 FLVEX actively managed or an index fund?

FLVEX 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 because there's no security selection cost.

When was FLVEX launched?

Fidelity Large Cap Value Enhanced Index Fund (FLVEX) launched in April 2007 and is managed by Fidelity.

How has FLVEX performed?

FLVEX'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.