At a glance
GROZ charges 0.55% a year, above the 0.09% average of the 7 funds most like it (the most expensive of 8). It has $115.5M in assets, the 8th largest of that group. Its ten largest positions make up 59.2% of the fund, out of 43 in all.
The short version
Zacks Focus Growth ETF (GROZ) is an actively managed fund. Its managers pick 40 to 120 US growth stocks, aiming to beat the Russell 1000 Growth Index. As of August 31, 2026, it held 43 stocks, with 59.2% of assets in its top 10 and 52.7% in technology. Its 0.55% expense ratio is well above the 0.04% to 0.19% charged by the seven most similar index funds.
Price history
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GROZ — over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GROZ official prospectus, to Dec 31, 2025 | — | +16.97% | — | — | — | — |
| Russell 3000® Index index, same period | — | +11.63% | — | — | — | — |
| GROZ price data to Oct 27, 2026 | +5.9% | — | — | — | — | — |
- The deepest fall in its price history was 6.4% (Jul 15, 2026 to Jul 29, 2026), recovered by Aug 4, 2026.
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Aug 31, 2026, the fund held 43 securities; the ten largest made up 59.2% of assets.
| Holding | Weight | |
|---|---|---|
| APPLE INC | 9.96% | |
| NVIDIA CORP | 9.86% | |
| MICROSOFT CORP | 7.46% | |
| ALPHABET INC | 7.29% | |
| BROADCOM INC | 5.45% | |
| AMAZON.COM INC | 5.03% | |
| MICRON TECHNOLOGY INC | 4.25% | |
| TESLA INC | 3.55% | |
| ELI LILLY & COMPANY | 3.54% | |
| META PLATFORMS INC | 2.81% | |
| DELL TECHNOLOGIES INC | 2.63% | |
| LAM RESEARCH CORP | 2.48% | |
| COSTCO WHOLESALE CORP | 2.40% | |
| PALANTIR TECHNOLOGIES INC | 2.07% | |
| VISA INC | 1.97% |
By country
United States 99.59%By asset type
Stocks 99.59%By sector
Sectors of the companies held, for the 93.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $24.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.64%, 0.00%, +3.28%.
How it works
Zacks Focus Growth ETF (GROZ) does not track an index. It is actively managed, which means the advisor picks the stocks. The goal is to beat the Russell 1000 Growth Index, a widely used benchmark of large US growth stocks. The advisor starts with all US exchange-listed companies and looks for “growth companies.” The prospectus defines these by upward earnings revisions (analysts raising their profit forecasts) and projected earnings growth rates. Under normal conditions, at least 80% of net assets goes into these stocks, and they can come from any sector.
The portfolio is built from 40 to 120 positions, chosen using computer-driven screens and human judgment. It is generally rebalanced monthly, though trades can happen at other times around events like mergers or spin-offs. A stock may be sold once the advisor no longer sees it as relatively attractive. The prospectus reports 50% portfolio turnover. That means trades equal to about half the portfolio over a year, which can add trading costs.
The prospectus sets no weighting formula. The fund is non-diversified, so it can hold as few as 12 stocks and put a large share of its assets in a few companies. As of August 31, 2026, it held 43 companies, and the top 10 made up 59.2% of assets. Apple (10.0%), Nvidia (9.9%) and Microsoft (7.5%) were the largest. The fund owns the shares directly and held no derivatives, leverage or options. Cash was 0.48%.
What it really costs
- GROZ charges 0.55% a year, versus an average of 0.09% for the similar funds below (8th of 8, cheapest first).
- Of that, 0.44% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.59% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $1,333 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GROZ | $56 | $304 | $571 | $1,333 |
In a retirement portfolio
It is a concentrated, actively picked growth fund with a short record, high fees for its category and no income, so it fits better as a small add-on than as a core holding.
GROZ could add an actively chosen tilt toward large US growth companies alongside a broad core fund. Its record is short. The fund launched December 5, 2024, so it has not been through a downturn like 2008, 2020 or 2022. Its only full calendar year, 2025, returned 20.29%, but that year included a quarter that lost 10.12% (ending March 31, 2025). Price history begins June 9, 2026. Since then, its deepest drop was 6.4%, from July 15 to July 29, 2026, and it regained that level by August 4. Growth stocks can fall harder than the overall market, so anyone forced to sell in a bad year could lock in losses. The fund paid no income in the 12 months to October 27, 2026. In the SEC's standard example, costs on $10,000 come to $56 in the first year and $1,333 over ten years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting an actively managed pick of 40 to 120 US growth stocks that aims to beat the Russell 1000 Growth Index.
- Those comfortable with heavy tech exposure: technology was 52.7% of assets, and Apple and Nvidia were each nearly 10%, as of August 31, 2026.
- Long-term investors who don't need income from this holding; its trailing yield was 0% as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: the 0.55% expense ratio is the highest among eight similar funds, against a 0.09% peer average and 0.04% for VUG or SCHG.
- Those wanting a track record: it launched December 5, 2024, after the 2022 bear market, and its advisor is new to running ETFs.
- Retirees wanting a smoother ride: in 2025 its quarterly returns ranged from a 10.12% loss to an 18.75% gain, per the prospectus.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GROZ this fund | — | 0.55% | $115.5M | — | — |
| MGK Vanguard Mega Cap Growth ETF | 67% | 0.07% | $33.30B | +2.5% | +23.2% |
| VUG Vanguard Growth ETF | 66% | 0.04% | $379.29B | +3.8% | +25.1% |
| VONG Vanguard Russell 1000 Growth ETF | 64% | 0.07% | $54.28B | -2.3% | +22.4% |
| IWF iShares Russell 1000 Growth ETF | 63% | 0.19% | $128.90B | -3.7% | +20.3% |
| SPYG SPDR Portfolio S&P 500 Growth ETF | 61% | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 61% | 0.18% | $74.97B | +7.0% | +25.2% |
| SCHG Schwab U.S. Large-Cap Growth ETF | 59% | 0.04% | $63.03B | +2.2% | +23.0% |
Questions investors ask
Does GROZ pay a dividend?
No. GROZ's trailing 12-month yield was 0% as of October 27, 2026. The fund is set up to pay distributions once a year, but the payout over that period was zero. That fits its strategy: it buys growth companies, which tend to reinvest profits rather than pay large dividends. Investors who need regular cash from their portfolio would have to sell shares to get it.
What's the difference between GROZ and MGK?
MGK, the Vanguard Mega Cap Growth ETF, is the closest match by holdings: about 67% of the two funds' holdings overlap. MGK follows an index and charges 0.07% a year. GROZ is actively managed, rebalances monthly and charges 0.55%. MGK is also far larger, with $33.3 billion in net assets as of June 30, 2026, compared with $115.5 million for GROZ as of August 31, 2026.
What is the GROZ expense ratio?
GROZ's expense ratio is 0.55%, according to its prospectus filed March 30, 2026. The seven most similar funds charge 0.09% on average, which makes GROZ the most expensive of the eight. In the SEC's standard example ($10,000 invested, 5% annual return), costs are $56 after one year, $304 after three years and $1,333 after ten. The jump after year one suggests costs are expected to rise later.
How has GROZ performed since launch?
GROZ returned 20.29% in 2025, its first full calendar year. Over the year ending December 31, 2025, it returned 16.97%, compared with 11.63% for the Russell 3000 Index. Its strongest quarter gained 18.75% (ending June 30, 2025) and its weakest lost 10.12% (ending March 31, 2025). With a history this short, these figures say little about how the fund might do over a full market cycle.
What are GROZ's top holdings?
As of August 31, 2026, the largest holdings were Apple (10.0%), Nvidia (9.9%), Microsoft (7.5%), Alphabet (7.3%), Broadcom (5.5%) and Amazon (5.0%). The top 10 made up 59.2% of the fund across 43 stocks. Technology was 52.7% of assets, followed by consumer discretionary at 10.8% and communication services at 10.1%. Almost all holdings are US companies.