FIL US FUND LARGE CAP CORE UCITS ETF ACC
| Issuer: Fidelity International |
| Asset Class: Equity |
| TER: 30bps |
| Trading Currency: GBP |
| Pays Income: False |
| Listing Date: 04 Sep 2025 |
| Ticker: FFLP |
| ISIN: IE000IY9QFN9 |
This actively managed fund seeks to achieve long-term capital growth by investing primarily in a portfolio of large-capitalization companies based in the United States. Unlike passive strategies that simply replicate an index, this product relies on the expertise of a dedicated portfolio management team. Through in-depth, bottom-up fundamental analysis, the managers aim to identify and select securities they believe are undervalued by the market and possess the potential for sustained growth. The objective is to construct a concentrated portfolio of high-conviction ideas, with the goal of delivering performance that exceeds that of the broad US large-cap equity market over a full market cycle.
The investment philosophy is centered on identifying high-quality businesses with strong competitive advantages, robust balance sheets, and experienced management teams. The strategy employs a "core" style, meaning it doesn't rigidly adhere to either a "growth" or "value" investment approach, instead seeking attractive opportunities across the spectrum. A key component of the selection process is the integration of environmental, social, and governance (ESG) factors. The managers assess sustainability risks and favour companies that demonstrate strong or improving ESG characteristics, believing that these traits are indicative of long-term operational resilience and value creation.
As a core US equity holding, this fund is designed for investors looking for a foundational allocation to one of the world's largest stock markets. The active management style provides the potential for outperformance (alpha) compared to traditional index-tracking funds, making it suitable for those willing to accept the risks associated with a non-indexed strategy. The accumulating share class structure ensures that any dividends paid by the underlying companies are automatically reinvested back into the fund, which can enhance the effects of compounding for long-term investors.
