FELG vs TSCM

FELGAFidelity Enhanced Large Cap Growth ETF

TSCMCTimesSquare Quality Mid Cap 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.

TSCM TimesSquare has managed mid cap growth money since 2000. TSCM is the firm's first ETF, putting that bottom-up, quality-screened process into a wrapper that used to mean a separate account, a mutual fund or a collective trust.

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.

TSCM The Fund seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of mid-capitalization companies with quality-growth attributes. It is actively managed and uses a bottom-up, research-intensive investment process.

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.

• TSCM A US mid cap growth mandate in a cohort stacked with large cap index-plus funds. The screen is quality growth: faster revenue and earnings growth, plus profitability.nasdaq.com
• The portfolio is the strong suit: actively managed and diversified, built stock by stock through fundamental research rather than assembled from an index.
• 0.55% for an active strategy from a mid cap specialist, right about the going rate among its actively managed equity peers.
• The same mid cap growth process TimesSquare has offered through separate accounts, a mutual fund and a collective trust, now in an ETF.nasdaq.com

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.

• TSCM Launched at the end of 2025, so there is no long fund record yet and the risk picture rests on a short history.
• Small and thinly traded. Spreads can be wide, and sizable orders can push the price around. Mid cap shares themselves also trade in lower volumes than large caps.nasdaq.com
• Cheaper names share the cohort (JUSA at 0.12%, FELG at 0.18%), though those are large cap index-plus strategies, not active mid cap stock picking.

Full FELG profile⁠

Full TSCM profile⁠