FDG vs FELG

FDGCAmerican Century Focused Dynamic Growth ETF

FELGAFidelity Enhanced Large Cap Growth ETF

In short

FDG Roughly 40 stocks, no index to hug: FDG is American Century's high-conviction swing at US large-cap growth, running since 2020 and priced under the typical active fund in its peer group.

FELG Active stock-picking on an index-fund budget. FELG charges 0.18% to tilt around the Russell 1000 Growth Index rather than copy it, running a strategy whose track record dates to 2007.

Stated mandate

FDG The fund seeks long-term capital growth through a high-conviction portfolio of large-cap growth companies selected for opportunities to sustain above-average growth.

FELG The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 1000® Growth Index.

Why people hold it

• FDG Concentration by design: roughly 40 large-cap growth names, so the manager's best ideas move the fund instead of getting diluted across hundreds of positions.
• 0.45% a year undercuts the typical active fund in its US growth peer group.
• Same job description since its 2020 launch: US large-cap companies picked for the ability to sustain above-average growth.
• Lands in the upper half of a crowded field of active US growth funds.

• FELG 0.18% a year, roughly a third of the typical fee among active US growth-conviction funds.
• Not a moonshot: at least 80% of assets sit in Russell 1000 Growth constituents across about 110 stocks, so the manager's bets are tilts around a familiar benchmark.fidelity.com
• One of the strongest implementations in its peer group, and cheaper than most of the other top-graded names there (GUSE and MAGS at 0.30%, LRGC at 0.39%).
• A multi-billion-dollar fund from Fidelity with steady on-screen liquidity, and it pays quarterly.

Worth knowing

• FDG Concentration cuts both ways: with about 40 holdings, one stock's rough patch registers far more than in a 500-name index fund.
• Thinly traded, so spreads can run wider than the mega-ETF norm; limit orders matter more here.
• Cheap for active stock picking, still above enhanced-index rivals like JUSA (0.12%) and FELG (0.18%).

• FELG Concentrated by design: roughly 110 large-cap growth names, so the megacap tech leaders at the top of the Russell 1000 Growth Index drive the ride both ways.
• Active means the portfolio deviates from the index on purpose, so results can land on either side of it.
• Not the cheapest seat in the cohort: JUSA runs 0.12%, though its mandate is broad large-cap rather than the growth slice.

Full FDG profile⁠

Full FELG profile⁠