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FELV ETF — Fidelity Enhanced Large Cap Value ETF
Fidelity Enhanced Large Cap Value ETF (FELV)
Updated October 16, 2026.
Verdict as of October 16, 2026
FELV's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (98/100, high confidence). It pays quarterly and its distribution rate is 1.36%. The latest total cash payment per current share, $0.145 with an ex-date of September 18, 2026, was 2.1% higher than the previous $0.142. These payments are unclassified; this does not establish a base-dividend change.
Sources: Fidelity Investments, Section 19a-1 notices, scoring methodology.
FELV is a low-cost ETF. its distribution rate is 1.36%, its trailing-12-month yield is 1.39%, its expense ratio is 0.18%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Total return is 78.8% over the past 2.9 years, 4.6 points ahead of SPY at 74.2%.
Fidelity Enhanced Large Cap Value ETF is an equity fund that invests at least 80% of assets in large-cap U.S. stocks from the Russell 1000 Value Index, using a research-driven approach that considers valuation, growth, quality, and other factors to identify long-term return drivers. The fund has a modest current distribution rate and makes quarterly distributions, with an expense ratio of 0.18%. It appeals to income-focused investors seeking exposure to large-cap value stocks with a systematic, factor-based investment approach.
FELV dividend yield and income
Price as of 2026-10-16.
The distribution rate (1.36%) uses calculation basis unavailable. Trailing-12-month yield (1.39%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.145. The ex-dividend date is 09/18/2026. The payment date is 09/22/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-18 | $0.145 | 2.1% Unclassified cash |
| 2026-06-18 | $0.142 | -11.8% Unclassified cash |
| 2026-03-20 | $0.161 | 11.8% Unclassified cash |
| 2025-12-19 | $0.144 | -1.4% Unclassified cash |
| 2025-09-19 | $0.146 | -0.7% Unclassified cash |
| 2025-06-20 | $0.147 | 3.5% Unclassified cash |
| 2025-03-21 | $0.142 | -2.1% Unclassified cash |
| 2024-12-20 | $0.145 | 6.6% Unclassified cash |
| 2024-09-20 | $0.136 | 83.8% Unclassified cash |
| 2024-06-21 | $0.074 | -71.6% Unclassified cash |
| 2024-03-15 | $0.261 | 2075.0% Unclassified cash |
| 2023-12-28 | $0.012 | — |
| 2023 total | $0.012 | — |
| 2024 total | $0.616 | 5033.3% |
| 2025 total | $0.579 | -6.0% |
| 2026 YTD total | $0.448 | 3.0% vs prior-year YTD |
FELV dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +2.1%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +2.1% |
FELV holdings and sector exposure
Holdings are not available for this snapshot.
FELV performance versus SPY
Price and return data through 2026-10-16.
Total return is 78.8% over the past 2.9 years, 4.6 points ahead of SPY at 74.2%. Over the past year its total return — price change plus distributions reinvested — is 30.6%. Its deepest 1-year drawdown was 6.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.6% | — |
| 3M | 3.5% | — |
| 6M | 16.7% | — |
| YTD | 24.3% | — |
| 1Y | 30.6% | — |
| 2Y CAGR | — | 18.00% |
| Since inception (2.9 years) | 78.8% | 22.10% |
FELV key facts
- Distribution Safety Score™
- 98 · Safe
- Safety-Adjusted Yield
- 1.33%
- Issuer
- Fidelity Investments
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/19/2007
- Expense ratio
- 0.18%
- Distribution rate
- 1.36%
- Distribution frequency
- Quarterly
- Trailing yield
- 1.39%
- Last close
- $42.57 (as of 2026-10-16)
- AUM
- $3,496,813,302
- Average volume
- 704964.0
- Dividend
- $0.145
- Ex-dividend date
- 09/18/2026
- Payment date
- 09/22/2026
- Beta
- 0.79
How Dividend Vision calculates yield and returns
Distribution rate (1.36%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.39%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
FELV risks and drawbacks
FELV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 6.9%.
Who may consider FELV — and who may not
FELV may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FELV pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on FELV
Frequently asked questions
Does FELV pay monthly?
No. FELV currently pays quarterly, not monthly.
What is FELV's expense ratio?
FELV's expense ratio is 0.18%.
What is FELV's dividend yield?
FELV's distribution rate is 1.36%, paid quarterly, with a 0.18% expense ratio — calculation basis unavailable.
How has FELV's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +2.1%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does FELV pay a dividend?
FELV pays quarterly. The dividend amount is $0.145. The ex-dividend date is 09/18/2026. The payment date is 09/22/2026.
How has FELV performed?
Total return is 78.8% over the past 2.9 years, 4.6 points ahead of SPY at 74.2%. Over the past year its total return — price change plus distributions reinvested — is 30.6%. Its deepest 1-year drawdown was 6.9%.
Is FELV a good investment?
FELV's Dividend Vision Distribution Safety Score is 98 (Safe). That is a risk signal, not investment advice. Its distribution rate is 1.36% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from Fidelity Investments.
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