Fidelity Fundamental Large Cap Core ETF(FFLC) - Excellent large cap blend active ETF with early focus on long lasting trends

Recently came across Fidelity Fundamental Large Cap Core ETF (*FFLC*) which has been very nicely outperforming it's large cap blend index. For example, it's annualized total return of 17% for last 3 years is just *double* of it's index. 

Even though it's *actively* managed, it's expense ratio of 0.38% is as low as other inexpensive passive index funds. 

It's P/E of 20 is 10% cheaper than it's underlying benchmark. Also, it's long term earning growth potential of 11% is 10% higher than it's benchmark. So, it has 10% more potential for total return alongside 10% discounted valuation. Best of both worlds.

It's investment strategy involves investing primarily in equity securities. Identifying *early* signs of *long-term changes* in the marketplace and focusing on those companies that may benefit from *opportunities created by these changes* by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors.

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