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FIAM STRATEGIES
FIAM Small Company
FIAM Small Company seeks to provide excess returns relative to the Russell 2000 Index over a full market cycle by investing in a diversified portfolio of small cap equities.
Investment Approach
The strategy uses a research-based investment process that seeks to exploit FIAM’s extensive research capabilities to build a bottom-up portfolio of small cap ideas. It seeks small cap stocks with superior growth and financial characteristics that have valuations close to or below the average valuation of the market.
Diversified portfolio
Consistent delivery of exposures to U.S. Small Cap Core equities.
Proprietary research advantage
Leverages Fidelity’s research to construct risk-adjusted small-cap portfolios.
Solid return potential
Seeks small cap stocks with superior growth and financial characteristics at modest prices.
Investment Process
Primary Criteria
- Market Caps: Generally looking for companies $2.5 billion (USD) or less
- Identify companies with superior growth and financial characteristics
- Valuations close to or below the market
Secondary Criteria
- Strong competitive position in growing niche
- Hidden assets
- Entrepreneurial management
- Large management ownership
- Small institutional ownership
- Barriers to entry
Small Company Portfolio
- Typically 150–250 stocks
Key Facts
| Inception Date | July 15, 1985 |
| Benchmark | Russell 2000 |
| Separate account minimum | $50M |
| Typical tracking error * | 4%–8% |
| Sector constraint | None |
| Security constraint | +/- 3.5% |
| Typical portfolio turnover | 40%–80% |
Portfolio Managers
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* Risk metrics shown are provided for illustrative purposes. Risk metrics are not intended to represent performance of the strategy. They are presented gross of any fees and expenses that would apply to an investment in the strategy. Historical risk metrics do not necessarily guarantee future risk profile of the strategy. Please see the fact sheet for net composite performance which includes accounts managed by FIAM and other affiliated advisers, as permitted.
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