FELG vs TSEL

FELGAFidelity Enhanced Large Cap Growth ETF

TSELDTouchstone Sands Capital US 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.

TSEL Sands Capital has run its Select Growth playbook since 1992; TSEL puts it in an ETF. Twenty-five to thirty-five US growth names, 0.67% net of a waiver through April 29, 2027, and a mandate that prizes conviction over diversification.

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.

TSEL The Fund seeks long-term capital appreciation. It invests primarily in common stocks of U.S. companies with above-average potential for revenue or earnings growth, emphasizing large- and mid-capitalization growth companies.

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.

• TSEL The wrapper is new; the playbook isn't. Sands Capital has run Select Growth since February 1992, and Touchstone hired Sands to sub-advise rather than build a growth desk.sandscapital.combusinesswire.com
• High conviction by design: typically 25 to 35 US large- and mid-cap growth names, generally nothing under $2 billion in market cap at purchase. Best ideas, not a closet index.businesswire.comwesternsouthern.com
• Touchstone covers part of the tab: gross expenses are 0.96%, but a waiver holds the net at 0.67% through April 29, 2027.

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.

• TSEL At 0.67% it prices above the category median, where the quant-enhanced crowd lives much cheaper: JUSA and FELG at 0.18%, GUSE at 0.30%, none of them waiver-dependent.
• Concentration cuts both ways: with 25 to 35 growth names, a handful of positions drive results and the fund can sit far from a broad large-cap index.businesswire.com
• It launched in January 2025 and trades thinly, so fund-level history is short and the spread is a real cost. Limit orders are the standard tool in this corner of the market.

Full FELG profile⁠

Full TSEL profile⁠