AFGR vs LRGC

AFGRCFirst Trust Active Factor Large Cap Growth ETF

LRGCAAB US Large Cap Strategic Equities ETF

In short

AFGR An active quant screen aimed at large-cap growth: names are ranked on growth, momentum and quality, landing on roughly 90 stocks. Rules-driven stock picking rather than a star manager's convictions.

LRGC AB's stock pickers in an ETF wrapper: roughly 70 large-cap US names picked with fundamental research plus quant screens, measured against the S&P 500. Active conviction, priced under the typical active peer.

Stated mandate

AFGR The Fund seeks long-term capital appreciation and normally invests at least 80% of its assets in equity securities of large-capitalization growth companies.

LRGC The Fund seeks long-term growth of capital. It is actively managed and normally invests at least 80% of net assets in equities of large-capitalization U.S. companies.

Why people hold it

• AFGR Three factors do the choosing: growth, momentum and quality, applied systematically. No value screen, no low-volatility damper, so the growth tilt stays a growth tilt.ftportfolios.com
• Concentrated on purpose at roughly 90 US large caps, tight enough that individual picks register, wide enough that one blowup is not the whole story.
• Running since 2020 with a clear contract: at least 80% of assets in large-cap growth equities, all under standard 1940 Act fund rules.
• On portfolio construction and risk measures it lands in the upper half of a crowded active large-growth field of about 90 funds.

• LRGC Roughly 70 holdings against a 500-stock yardstick, with quality and value screens doing the filtering. Each name actually carries weight.
• 0.39% a year sits below the median fee in its active large-cap group, so the manager isn't digging out of a deep cost hole.
• One of the stronger implementations among the actively managed US large-cap funds we track, with a plain mandate: at least 80% of net assets in large-cap US equities.
• Launched in 2023 on one of AB's core US equity strategies, with Jane Street signed on as lead market maker from day one.prnewswire.com

Worth knowing

• AFGR At 0.65% a year it sits above the 0.55% peer median, and the top-graded enhanced-index rivals undercut it hard: JUSA at 0.12%, FELG at 0.18%.
• Thinly traded with a modest asset base, so part of the real cost can show up in the bid-ask spread rather than the expense ratio.
• Built for capital appreciation, not cash flow: it has not been making regular distributions, so income is not part of the package.

• LRGC At 0.39%, it costs more than cheaper enhanced-index rivals in the same group, such as JUSA at 0.12% and GUSE at 0.30%.
• Outcomes ride on the team's judgment, not an index rulebook, and about 70 positions concentrate those calls.
• It trades lightly next to the big index names, so spreads can run wider, especially in fast markets.

Full AFGR profile⁠

Full LRGC profile⁠