FELC vs TACU

FELCAFidelity Enhanced Large Cap Core ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

FELC Active management priced like an index fund. Fidelity's quant screens tilt a roughly 220-stock large-cap portfolio toward value, growth and quality signals, with the S&P 500 as the yardstick, for 0.18% a year.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

FELC The fund seeks long-term capital appreciation.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

• FELC 0.18% a year, well under the median fee for active US equity funds. Index-fund pricing with a stock-picking overlay on top.
• The screen is three-pronged: valuation, growth and quality signals, applied across about 220 large caps and measured against the S&P 500.
• A multi-billion-dollar, actively traded fund whose strategy has been on the books since 2007. Size and volume make it easy to get in and out of.
• One of the stronger implementations in its active US equity peer group: cheap, liquid, and running the mandate its prospectus describes.

• TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
• Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
• Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

• FELC Benchmarked to the S&P 500 and holding about 220 of its large caps, so it lives in the same neighborhood as a plain index fund. The tilts are the entire difference.
• Models pick the stocks, not an index. That means results can land on either side of the S&P 500 in any given stretch.
• The stated goal is long-term capital appreciation, not income. Distributions arrive quarterly as a byproduct of a fully invested stock portfolio, with no hedge or buffer.

• TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
• Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
• Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full FELC profile⁠

Full TACU profile⁠