FFLG vs LRGC

FFLGBFidelity Fundamental Large Cap Growth ETF

LRGCAAB US Large Cap Strategic Equities ETF

In short

FFLG Fidelity hands its portfolio managers' highest-conviction large-cap growth ideas to a quantitative construction process, which builds them into a roughly 100-stock portfolio. Human picks, machine sizing, at a below-median fee.

LRGC AB's stock pickers in an ETF wrapper: roughly 70 large-cap US names picked with fundamental research plus quant screens, measured against the S&P 500. Active conviction, priced under the typical active peer.

Stated mandate

FFLG The fund seeks long-term capital growth through a diversified domestic large-cap growth equity strategy. Its process combines Fidelity portfolio managers’ fundamental research and high-conviction ideas with quantitative portfolio construction.

LRGC The Fund seeks long-term growth of capital. It is actively managed and normally invests at least 80% of net assets in equities of large-capitalization U.S. companies.

Why people hold it

• FFLG Charges 0.38% a year, under the median fee for active large-cap growth funds in its peer group.
• The mandate is unusually specific: fundamental research and high-conviction ideas, then quantitative portfolio construction across roughly 100 domestic large-cap growth names.fidelity.com
• Sits in the top quartile of its active US growth cohort, with a live record dating to its 2021 launch and quarterly distributions.

• LRGC Roughly 70 holdings against a 500-stock yardstick, with quality and value screens doing the filtering. Each name actually carries weight.
• 0.39% a year sits below the median fee in its active large-cap group, so the manager isn't digging out of a deep cost hole.
• One of the stronger implementations among the actively managed US large-cap funds we track, with a plain mandate: at least 80% of net assets in large-cap US equities.
• Launched in 2023 on one of AB's core US equity strategies, with Jane Street signed on as lead market maker from day one.prnewswire.com

Worth knowing

• FFLG This is one slice of the market. A domestic large-cap growth book moves with growth stocks, which can look nothing like the broad index in a given stretch.
• Fidelity's own FELG covers large-cap growth at 0.18%, so the in-house index-plus route costs less than this stock-picking one.
• Mid-sized and moderately traded, so spreads can run wider than at the category's largest funds.

• LRGC At 0.39%, it costs more than cheaper enhanced-index rivals in the same group, such as JUSA at 0.12% and GUSE at 0.30%.
• Outcomes ride on the team's judgment, not an index rulebook, and about 70 positions concentrate those calls.
• It trades lightly next to the big index names, so spreads can run wider, especially in fast markets.

Full FFLG profile⁠

Full LRGC profile⁠