FFLC vs TACU

FFLCAFidelity Fundamental Large Cap Core ETF

TACUAT. Rowe Price Active Core U.S. Equity ETF

In short

FFLC Fidelity's stock pickers running large-cap core the old-fashioned way: roughly 100 names chosen by analysts, priced like a cheap fund rather than a premium active one. Human research, index-fund plumbing.

TACU T. Rowe Price's quant-plus-fundamental take on core large-cap U.S. stock, benchmarked to the Russell 1000. Gross fee 0.14%, fully waived to zero through January 30, 2027.

Stated mandate

FFLC The fund seeks long-term growth of capital through investments in equity securities, pursuing a diversified domestic large-cap core strategy.

TACU The fund seeks long-term capital growth through a primarily U.S. equity portfolio. It combines quantitative models with fundamental, bottom-up analysis and seeks excess returns relative to the Russell 1000 Index.

Why people hold it

• FFLC 0.38% for genuine active management, below the typical fee for active US stock ETFs. You're paying for the research desk, not the wrapper.
• About 100 holdings, actively chosen in pursuit of long-term capital growth. This is a real portfolio of decisions, not an index fund wearing an active label.
• A multi-billion-dollar fund that trades in reasonable size, so entering and exiting doesn't usually mean wrestling with a wide spread.
• Stands among the stronger builds in a crowded field of active US equity ETFs, where hundreds of funds compete for the same core slot.

• TACU Fee fully waived: 0.14% gross, zero net through January 30, 2027. That sits below every top-scoring peer in the category, including DFAU at 0.12% with no waiver.troweprice.com
• Quant models feed bottom-up stock picking with tilts to profitability, quality and value, chasing excess return over the Russell 1000 while holding tracking error tight.troweprice.com
• Several hundred large-cap names, so no single position runs the show. One of the stronger profiles in a crowded active U.S. equity field.troweprice.com

Worth knowing

• FFLC Cheap for active, still pricier than systematic core rivals like FELC (0.18%) or AVLC (0.15%). That gap is the cost of human stock picking.
• With roughly 100 names, single positions carry real weight, so the ride can be bumpier than a 500-stock index fund in either direction.
• Active by design: the portfolio can look and behave quite differently from a plain large-cap index over any given stretch.

• TACU Launched in December 2025, so the live record is short and the risk read rests on limited history.
• Still a small fund that trades lightly, which can mean wider spreads than the category's giants.
• Distributions are annual at most, with no declared income target. This is a growth mandate, not a cash-flow one.

Full FFLC profile⁠

Full TACU profile⁠