
This investment strategy focuses on American equities, aiming to build a portfolio primarily of substantial, growth-oriented companies. It employs a systematic and rigorous process to select businesses that exhibit particularly appealing qualities.
Is FELG's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.


Fidelity Enhanced Large Cap Growth ETF remains a buy, supported by multi-year low tech valuations and robust earnings growth outlook. FELG's quant-driven, diversified portfolio is heavily weighted toward technology and AI, with top holdings like NVIDIA, Broadcom, and Alphabet. The fund's 0.18% expense ratio and 74% price surge since late 2023 outperform most peers, while maintaining attractive liquidity and risk metrics.

Passive investing's central promise is hard to argue with: low costs, broad diversification, and returns that match the market.

Growth investors picking a large-cap vehicle in 2026 face a real choice: pay nothing for a passive index, or pay a few basis points for an active manager who claims to add value.

The S&P 500 has shed roughly its worst drawdown in the past 12 months during the early months of 2026, as tariff escalation and macro uncertainty rattled equity markets.