Fidelity U.S. Multifactor ETF (FLRG)
ARCA ARCA Primary 
4 Reasons This Large-Cap Can Perform in Uncertain 2025
Considering options to refresh your core allocations? Equities are facing some notable uncertainty via potential tariffs, up-and-down government policy, and declining consumer confidence.
FLRG: A Defensive Bet With Mixed Results
FLRG's multifactor strategy targets large-cap and mid-cap stocks with favorable valuations, high-quality profiles, positive momentum, and lower volatility. The fund underperformed in recent bull markets due to higher exposure to smaller-cap stocks but offers lower downside risk compared to the S&P 500. FLRG's portfolio has lower concentration risk, with top holdings making up a smaller percentage than the S&P 500.
FLRG: A Low Volatility Fund Delivering Strong Returns
FLRG offers a balanced multifactor strategy with solid returns, moderate volatility, and reasonable valuations, making it a strong long-term portfolio option. The fund focuses on large and mid-cap U.S. companies, emphasizing valuation, quality, momentum, and low volatility across 101 holdings. FLRG trades at a discount to peers, with a P/E ratio of 16.7x and higher profitability, despite a higher debt/equity ratio.
Considering Multifactor Strategies When Investing in U.S. Equities
Several potential risks loom over markets in the second half, particularly within the U.S. For investors looking to dampen volatility, invest in quality, or seek returns through value or momentum strategies, the Fidelity Multifactor ETF suite may be worth consideration. Recession concerns rose once again in August and signs of economic slowing in the U.S.
