Separately managed accounts
Fidelity Institutional Small Company Focused Model SMA
An equity SMA focused on seeking capital appreciation through exposure to the small cap market.
Fidelity Institutional Small Company Focused Model SMA* utilizes a disciplined approach that seeks to invest in small cap stocks with superior growth and financial characteristics selling at modest prices.
Fundamental research
Bottom-up investment process that leverages Fidelity’s extensive research capabilities to construct a risk-adjusted portfolio of the team's best small cap ideas.
Favorable attributes
Companies are analyzed for favorable primary attributes and then for secondary criteria like entrepreneurial management or barriers to entry to uncover high conviction stories.
Favorable macro backdrop
Leverage business cycle characteristics to position portfolio in areas where the macro backdrop is favorable.
Want to know more?
Reach out to speak to a Fidelity representative.
Explore our latest research & insights
View all
Why Fidelity Institutional Model SMAs
Fidelity Institutional Model SMAs leverage Fidelity's more than 70 years of equity investing experience to provide compelling SMA models for you to utilize to help clients pursue their investment objectives.
Explore more investment products & solutions
*Prior to 10/31/25, the Fidelity Institutional Small Company Focused Model SMA was named Fidelity Advisor Small Company SMA. The management and strategy have not changed.
This document does not make an offer or solicitation to buy or sell any securities or services and is not investment advice.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. The securities of smaller, less well-known companies can be more volatile than those of larger companies. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The strategy may not achieve its intended results and could underperform the market as a whole.
The Fidelity Institutional Model SMAs (“Model SMAs”) are made available to financial intermediaries on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC (FIWA), a registered investment adviser, including intermediaries referred to FIWA by its affiliate Fidelity Distributors Company LLC (FDC), a registered broker-dealer that is compensated by FIWA for such services. Financial intermediaries compensate FIWA for utilizing the Model SMAs.
FDC and FIWA ("Fidelity") are not acting as a fiduciary or in any advisory capacity in providing this information to your clients. The information is designed to be utilized by you solely as a resource, along with other potential sources, in providing advisory services to your clients. You are solely responsible for determining whether the Model SMAs and the investments included in the Model SMAs are appropriate and suitable for you to base a recommendation on or to provide advice to any end investor about the potential use of the Model SMAs.
Fidelity does not have investment discretion and does not place trade orders for any of your clients' accounts. Information and other marketing materials provided to you by Fidelity concerning the Model SMAs are not indicative of your client's potential experience from utilizing one or more of the Model SMAs and will differ.
The Chartered Financial Analyst (CFA) designation is offered by the CFA Institute. To obtain the CFA charter, candidates must pass three exams demonstrating their competence, integrity, and extensive knowledge in accounting, ethical and professional standards, economics, portfolio management, and security analysis, and must also have at least 4,000 hours of qualifying work experience completed in a minimum of 36 months, among other requirements. CFA® is a trademark owned by CFA Institute.
DEFINITIONS AND IMPORTANT INFORMATION
Russell 2000 Index is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. It includes approximately 2,000 of the smallest securities in the Russell 3000 Index.