FELG vs LGRO

FELGAFidelity Enhanced Large Cap Growth ETF

LGROBLevel Four Large Cap Growth Active 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.

LGRO A boutique manager's concentrated take on large-cap growth: roughly 50 quality-and-growth names, actively chosen against the Bloomberg US 1000 Growth Index, at a fee that sits just under the typical active peer.

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.

LGRO LGRO seeks maximum total return and above-peer-average risk-adjusted returns.

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.

• LGRO Holds about 50 stocks, so each pick carries real weight instead of getting diluted across hundreds of names.alpsfunds.com
• Costs 0.50% a year, a shade under the 0.54% median for its active large-growth cohort. Concentrated active management without a premium price tag.
• The mandate is specific: US large caps screened for growth and quality, measured against the Bloomberg US 1000 Growth Index. No style drift buried in the fine print.alpsfunds.com
• Lands in the upper half of its active large-growth peer group, with the portfolio build one of its stronger features.

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.

• LGRO Thinly traded. Spreads can run wider than on the household-name growth funds, which matters most on larger orders.
• Index-anchored rivals cost far less: FELG at 0.18% and JUSA at 0.12%. The extra fee here buys human stock selection, not index tracking.
• Launched in 2023 with a modest asset base, so the record is short and the fund is still building scale.

Full FELG profile⁠

Full LGRO profile⁠