What Is FELG? Fidelity Enhanced Large Cap Growth ETF
Last updated July 2026
Short answer
FELG is Fidelity Enhanced Large Cap Growth ETF, an ETF that tracks a US large-cap growth index at a 0.18% expense ratio. FELG tracks a US large-cap growth index. It charges 0.18%. The distribution yield is about 0.35%. It launched in 2007. It is concentrated: the ten largest positions are about 54% of the fund, led by NVDA at 13.1%.
FELG is issued by Fidelity and tracks a US large-cap growth index. It charges a 0.18% expense ratio, holds approximately $5.7B in assets under management, yields about 0.35%, and launched in 2007.
What is FELG?
FELG is Fidelity Enhanced Large Cap Growth ETF, an ETF that tracks a US large-cap growth index at a 0.18% expense ratio. FELG tracks a US large-cap growth index. It charges 0.18%. The distribution yield is about 0.35%. It launched in 2007. It is concentrated: the ten largest positions are about 54% of the fund, led by NVDA at 13.1%.
FELG is issued by Fidelity and tracks a US large-cap growth index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.
What does FELG hold?
FELG is weighted toward its largest constituents. As of August 2026, the top holdings are:
| Rank | Ticker | Company | % of FELG | |
|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corp | 13.1% | |
| 2 | AAPL | Apple Inc | 7.6% | |
| 3 | GOOGL | Alphabet Inc Class A | 6.6% | |
| 4 | AVGO | Broadcom Inc | 5.4% | |
| 5 | MSFT | Microsoft Corp | 5.0% | |
| 6 | MU | Micron Technology Inc | 4.2% | |
| 7 | TSLA | Tesla Inc | 3.5% | |
| 8 | GOOG | Alphabet Inc Class C | 3.4% | |
| 9 | META | Meta Platforms Inc Class A | 3.2% | |
| 10 | LLY | Eli Lilly and Co | 2.5% |
The remaining holdings make up the balance of the fund, with weights tapering off below the top names. Because the index reconstitutes on a rolling basis, the roster stays current without active management. Each ticker above links to its individual stock guide in Walnut.
How do I invest in FELG?
There are three common ways to get FELG exposure. Buy shares (or fractional shares) of FELG directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so FELG sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. FELG trades like a stock during market hours, so you buy it the same way you would any listed share.
New to buying funds? See how to buy an ETF, step by step.
Is FELG a good buy?
Whether FELG is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks a US large-cap growth index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FELG a buy?
The bottom line on FELG
FELG gives you a US large-cap growth index exposure in one ticker at a 0.18% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.
More on FELG
Whether FELG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is FELG a buy?
FELG yields 0.35% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see FELG dividend: yield and schedule.
New to funds like FELG? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.
Wondering how FELG fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in FELG with AI
Connect the broker you already use and ask Walnut's AI how FELG fits what you actually hold: what it overlaps with, what it leaves you exposed to, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is FELG's ticker symbol?
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FELG, Fidelity Enhanced Large Cap Growth ETF. Issued by Fidelity; tracks a US large-cap growth index. Trades during US market hours, available at every major US brokerage.
What is FELG's expense ratio?
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0.18% as of August 2026.
What are FELG's top holdings?
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Top holdings as of August 2026: NVDA, AAPL, GOOGL, AVGO, MSFT and others. See the full holdings table above.
How can I invest in FELG through Walnut?
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Walnut isn't a broker. Connect a brokerage and Walnut sits on top to help you build and track thematic portfolios. FELG can be a constituent alongside individual stocks.
How do I compare FELG to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. FELG's figures are above; the full method is in Walnut's guide on how to compare ETFs.
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Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to August 2026; verify current figures against Fidelity's fund page or your broker before investing.