What Is the FFLG ETF? Returns, Expense Ratio, Holdings, and Alternative ETFs Explained
The Fidelity Fundamental Large Cap Growth ETF is an actively managed fund that invests in large US growth stocks and uses fundamental analysis to seek differentiated growth exposure. Key points to check are the expense ratio, growth outlook, and volatility. Comparison with passive large cap growth ETFs is the main selection criterion, and the ticker is FFLG.
SubscribeWhat Is the Fidelity Fundamental Large Cap Growth ETF?
This is an actively managed growth ETF in which portfolio managers use fundamental analysis to select US large cap stocks with strong growth potential. It seeks growth stock exposure that differs from market indexes.
It suits growth-oriented investors who want to invest in large US growth stocks and expect active, fundamentals-based selection to set them apart from the market.
The ETF is managed by Fidelity using an active management approach.
How Does the Fidelity Fundamental Large Cap Growth ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | Active (does not track a benchmark) |
| Management Approach | Active (fundamental selection) |
| Rebalancing Frequency | As needed (at manager's discretion) |
| Dividend Frequency | Quarterly |
| Total Expense Ratio | 0.38% |
Portfolio managers use fundamental analysis to select US large cap stocks they believe have strong long-term growth potential. The fund does not track a market index and sets weightings based on management judgment, so it offers growth stock exposure that differs from typical large cap growth indexes.
- Selection of large growth stocks based on fundamental analysis
- Active management that differentiates from market indexes
Fidelity Fundamental Large Cap Growth ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) are $599.4M, and the total expense ratio is 0.38% per year.
Unlike passive large cap growth ETFs, the manager's selections can produce results that differ from the market, and because of active management, the fee is somewhat higher than that of passive growth ETFs.
Fidelity Fundamental Large Cap Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeLarge growth stocks generally move with the market, but active selection means performance can diverge from market indexes. In strong growth markets, resilient performance can be expected, but during tech sector corrections, the heavy weighting in growth stocks can amplify volatility.
Money tends to flow into growth ETFs when appetite for growth stocks rises, and when risk aversion strengthens, outflows can also occur given the large weighting in growth stocks.
Fidelity Fundamental Large Cap Growth ETF Strengths and Weaknesses
Its strength is the pursuit of differentiation through active, fundamentals-based selection, while its weaknesses are a tilt toward the growth style and higher fees than passive alternatives.
💪 Key Strengths
⚠️ Points to Watch
Fidelity Fundamental Large Cap Growth ETF Alternatives and Related Products
VUG, IWF, SCHG, and others shown in the table are passive ETFs that invest in large US growth stocks at low fees, and their management approach is different. For low-cost exposure to large growth stocks, you can also compare QQQ, which is based on the Nasdaq 100, MGK for mega cap growth stocks, and IWY for Russell 1000 growth stocks. These funds differ in management approach, concentration, and fees, so it is best to choose according to your investment profile.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $81.43 | -5.5% | $223.6B | 0.03% | 0.42% | -1.1% |
 IWF | iShares Russell 1000 Growth ETF | $110.36 | -6.4% | $120.6B | 0.18% | 0.39% | -8.0% |
 IVW | iShares S&P 500 Growth ETF | $128.42 | -5.8% | $75.4B | 0.18% | 0.38% | +3.9% |
 SCHG | Schwab U.S. Large-Cap Growth ETF | $32.81 | -5.5% | $62.5B | 0.04% | 0.42% | -0.6% |
 SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | $111.17 | -5.8% | $54.7B | 0.04% | 0.53% | +3.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.31% | $181.60 | -9.3% | $4.38T | 23.0 | 0.43% |
| GOOG | Alphabet Inc | 0.13% | $281.74 | -1.9% | $3.45T | 14.7 | 0.31% |
| AAPL | Apple Inc | 0.14% | $344.17 | -1.5% | $5.00T | 38.4 | 0.34% |
| AMZN | Amazon.com Inc | 0.07% | $260.21 | -2.2% | $2.81T | 21.0 | - |
| GOOGL | Alphabet Inc | 0.07% | $282.57 | -2.2% | $3.45T | 14.8 | 0.31% |
| MSFT | Microsoft Corp | 0.06% | $535.93 | -3.6% | $3.98T | 28.0 | 0.72% |
| META | Meta Platforms Inc | 0.04% | $605.08 | -4.0% | $1.55T | 20.6 | 0.31% |
| LLY | Lilly(Eli) & Co | 0.03% | $1364.73 | -3.8% | $1.28T | 44.8 | 0.5% |
Fidelity Fundamental Large Cap Growth ETF Investor Checkpoints
Here are the points to review before investing in FFLG. As an active large cap growth ETF, it is important to check in advance the growth style tilt, dispersion in management results, fee level, and management approach together.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative impact of active management fees | Somewhat high |
| 📊 Style | Check the tilt toward the growth style | Growth oriented |
| 📈 Performance Dispersion | Possible gap in results versus the market | May vary |
| 🔍 Management Approach | Check the fundamentals-based selection | Active |
Because it leans toward the growth style, it may lag relatively in markets led by value stocks, and its results versus the market can vary depending on management decisions. The higher fee that comes with active management can also affect long-term returns.
This ETF suits growth-oriented investors who want to invest in large US growth stocks and expect active, fundamentals-based selection. If you prioritize low-cost diversification, passive growth ETFs may be the better choice, and if you want active selection, FFLG can be an alternative.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 4, 2026.
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