FELG vs LCLG

FELGAFidelity Enhanced Large Cap Growth ETF

LCLGDLogan Capital Broad Innovative Growth ETF

In short

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.

LCLG A Philadelphia-area stock shop's flagship growth list in ETF form: an unbenchmarked, hand-picked large-cap growth portfolio at 0.85%, converted from a mutual fund in 2022 and renamed back to Large Cap Growth in 2026.

Stated mandate

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.

LCLG Seek long-term capital appreciation by investing primarily in large-capitalization U.S. equity companies whose innovative or cutting-edge technologies or ideas may create competitive advantages and support durable earnings growth.

Why people hold it

• 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.

• LCLG Actively run with no index to hug: holdings come from a three-part screen (top-down macro, fundamental research, technical confirmation), not a rules file.sec.govsec.gov 2
• The record predates the wrapper. LCLG is the accounting and performance survivor of a 2012-vintage Logan mutual fund that became an ETF in August 2022.sec.gov
• Not a side project: Logan Capital has been running this large-cap growth strategy since 1997, and the founding principals co-manage the growth portfolios.logancapital.comlogancapital.com 2

Worth knowing

• 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.

• LCLG At 0.85%, the fee sits above the category median and well above enhanced-index peers like JUSA and FELG at 0.18%. Stock picking carries that cost.
• Thinly traded and small by ETF standards, so spreads can be wider; limit orders matter more here than in a mega-fund.
• US large caps are the core, but the prospectus allows up to 20% in foreign issuers, including emerging markets. The mandate is appreciation, not income.sec.gov

Full FELG profile⁠

Full LCLG profile⁠