FFLV ETF — Fidelity Fundamental Large Cap Value ETF

Fidelity Fundamental Large Cap Value ETF (FFLV)

Updated October 16, 2026.

FFLV is an ETF. its distribution rate is 1.17%, its trailing-12-month yield is 1.32%, its expense ratio is 0.38%. Dividend Vision Distribution Safety Score™ is 89/100 (Safe). Total return is 47.7% over the past 2.6 years, 8.1 points behind SPY at 55.8%.

Fidelity Fundamental Large Cap Value ETF is an ETF that invests at least 80% of its assets in equity securities of large-capitalization companies, typically those comparable in size to companies in the Russell 1000 Index or S&P 500 Index. The fund carries a modest current distribution rate, pays distributions quarterly, and has an expense ratio of 0.38%. This fund appeals to income-focused investors seeking exposure to large-cap value equities with regular dividend payments.

FFLV performance versus SPY

Price and return data through 2026-10-16.

Total return is 47.7% over the past 2.6 years, 8.1 points behind SPY at 55.8%. Over the past year its total return — price change plus distributions reinvested — is 25.4%. Its deepest 1-year drawdown was 7.2%.

FFLV key facts

Distribution Safety Score™

89 · Safe

Safety-Adjusted Yield

1.04%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

02/22/2024

Expense ratio

0.38%

Distribution rate

1.17%

Distribution frequency

Quarterly

Trailing yield

1.32%

Last close

$28.48 (as of 2026-10-16)

AUM

$18,322,121

Average volume

5278.0

Dividend

$0.083

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

0.7157

How Dividend Vision calculates yield and returns

Distribution rate (1.17%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.32%) 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.

FFLV risks and drawbacks

FFLV'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. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.2%.

Who may consider FFLV — and who may not

FFLV may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FFLV pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FFLV

• All tickers starting with F

Tagged: Value, Large Cap.

Frequently asked questions

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