Investing · ETF deep dive
FGRO Fidelity All-in-One Growth ETF
The factor-and-crypto growth mix: 82/15/3 with active bond seasoning, for buyers who want Fidelity’s view at the standard accumulation rung.
Best for: Growth investors who want FEQT’s philosophy with a bond cushion
Pros
- The full factor architecture plus a real (if modest) bond sleeve
- Active multi-sector bond funds add flexibility plain aggregates lack
- Crypto guardrails as across the family
Cons
- 0.42% MER — the cost of the view
- More moving parts (18 underlying funds) than any rival
- Annual distributions only
What's inside FGRO
| Underlying fund | Weight |
|---|---|
| US / International / Canadian factor sleeves (12 funds) | 81.9% |
| Fidelity Systematic Canadian Bond Index ETF | 9.8% |
| Multi-sector bond sleeves (Absolute Income + Global Core Plus) | 3.4% |
| Fidelity Advantage Bitcoin ETF | 2.3% |
| Fidelity Global Small Cap Opportunities Fund (active) | 1.9% |
| Fidelity Core U.S. Bond ETF | 0.7% |
US equities 41.7% · Intl 20.2% · Canada 20.0% · Bonds ~13.9% · Bitcoin 2.3% (Provider allocation table, June 9, 2026) · holdings as of June 9, 2026
The deep dive
FGRO is FEQT plus a 15% fixed-income block — and even the bonds carry Fidelity’s active streak, mixing a systematic Canadian index sleeve with the actively managed Absolute Income and Global Core Plus funds. Eighteen underlying funds in all: the most complex machine in the category, presented as one ticker.
Whether that complexity earns its 0.42% against VGRO-style 0.2% simplicity is precisely the factor-investing debate, compressed into a product choice. Our MER calculator prices the bet; Fidelity’s $4.7B of holders have made it.
Same family, different dose
The Fidelity Canada ladder lets you change risk level without changing philosophy:
- FEQT — 97/0 + 3% crypto · 0.43% MER · annually distributions
- FBAL — 59/39 + 2% crypto · 0.41% MER · annually distributions
- FCNS — 40/59 + 1% crypto · 0.40% MER · annually distributions
Frequently asked questions
What does FGRO hold?
FGRO holds 82/15 + 3% crypto — led by US / International / Canadian factor sleeves (12 funds) at 81.9%, Fidelity Systematic Canadian Bond Index ETF at 9.8%, Multi-sector bond sleeves (Absolute Income + Global Core Plus) at 3.4% (as of June 9, 2026). Geographic mix: US equities 41.7% · Intl 20.2% · Canada 20.0% · Bonds ~13.9% · Bitcoin 2.3% (provider allocation table, june 9, 2026). Weights drift between rebalances — annual, plus a crypto guardrail: trimmed back if it exceeds 2× its neutral weight.
What does FGRO cost?
Currently no wrapper fee — the 0.42% MER is the all-in cost. For context, the asset-allocation category now runs roughly 0.17%–0.25% all-in at the index families after the 2025 fee war — see the full cost table, and what fee gaps compound into with the MER calculator.
Should I pick FGRO or one of its siblings?
The Fidelity Canada ladder runs FEQT · FGRO · FBAL · FCNS — same construction, different equity/bond dose. FGRO sits at 82/15 + 3% crypto. The risk level is the decision that matters; pick the rung whose worst year you could actually sit through (the asset-allocation calculator helps), then stay put. Comparing across providers instead? Start with the family-by-family guide.
The bottom line
The growth rung for the factor-curious. Index purists keep walking; believers get a thoughtfully built expression of the view.
This page is for educational purposes only and is not investment advice. Fund facts were verified at Fidelity Canada's published fact sheets and product pages on June 10, 2026; holdings and weights are point-in-time and drift between rebalances; published MERs may lag recent fee changes (pages as of June 9, 2026; MERs as at Sep 30, 2025). We deliberately do not compare or project returns. Read the fund facts document before buying. See our methodology.