FELG vs SEMG

FELGAFidelity Enhanced Large Cap Growth ETF

SEMGDSuncoast Select 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.

SEMG Active conviction investing with nothing to hide behind: roughly 15 to 30 US stocks, picked bottom-up under one in-house rulebook. No index, no long tail, and every holding carries real weight.

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.

SEMG The Fund seeks long-term capital appreciation through an actively managed, concentrated portfolio of approximately 15–30 U.S.-listed companies selected using bottom-up fundamental analysis.

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.

• SEMG Real concentration: about 15 to 30 US-listed names, so individual picks actually move the fund instead of being diluted by a 500-stock tail.
• Stock selection runs through a named house process, the SEM Disciplined Investment System, which blends growth and value screens rather than chasing a single style.
• Plain plumbing: a standard 1940 Act fund holding US-listed stocks. No leverage, no derivatives overlay, no exotic wrapper to decode.

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.

• SEMG At 0.60% a year it prices above the typical fund in its active US growth cohort, and well above enhanced-index rivals such as JUSA (0.12%) and FELG (0.18%).
• A small, thinly traded fund, so spreads and order handling deserve more attention here than with a mega-cap index product.
• Launched in 2025, so the track record is short, and a book this concentrated means a handful of names can set the tone in any given stretch.

Full FELG profile⁠

Full SEMG profile⁠