Fidelity Model Portfolios

Accessing Fidelity's powerful portfolio management capabilities, our model portfolios can help you manage investments effectively so you can add value for your clients in other ways.

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Diversified portfolios targeting allocations across a range of risk levels.

Fidelity Target Allocation Model Portfolios

  • Designed to provide enhanced risk-adjusted total return across the risk spectrum

  • Seeks to enhance total return through fund selection

  • Uses Fidelity active and passive mutual funds

Model Allocation Mix

7% 3% 56% 34% 10% | 90% 14% 6% 50% 30% 20% | 80% 21% 9% 50% 20% 30% | 70% 28% 12% 45% 15% 40% | 60% 35% 15% 40% 10% 50% | 50% 42% 18% 35% 5% 60% | 40% 49% 21% 25% 5% 70% | 30% 60% 25% 14% 1% 85% | 15% 70% 30% 100% | 0% Domestic Equities International Equities Bonds Short-Term Conservative Growth

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Fidelity Target Allocation Blended Model Portfolios

  • Designed to provide enhanced risk-adjusted total return across the risk spectrum

  • Seeks to enhance total return through fund selection

  • Uses a blend of active mutual funds from Fidelity, and ETFs from other asset managers

Model Allocation Mix

7% 3% 56% 34% 10% | 90% 14% 6% 50% 30% 20% | 80% 21% 9% 50% 20% 30% | 70% 28% 12% 45% 15% 40% | 60% 35% 15% 40% 10% 50% | 50% 42% 18% 35% 5% 60% | 40% 49% 21% 25% 5% 70% | 30% 60% 25% 14% 1% 85% | 15% 70% 30% 100% | 0% Domestic Equities International Equities Bonds Short-Term Conservative Growth

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Fidelity Target Allocation Index-Focused Model Portfolios

  • Designed to provide risk-adjusted total return across the risk spectrum

  • Seeks to minimize cost and tracking error

  • Uses primarily passive Fidelity mutual funds

Model Allocation Mix

7% 3% 56% 34% 10% | 90% 14% 6% 50% 30% 20% | 80% 21% 9% 50% 20% 30% | 70% 28% 12% 45% 15% 40% | 60% 35% 15% 40% 10% 50% | 50% 42% 18% 35% 5% 60% | 40% 49% 21% 25% 5% 70% | 30% 60% 25% 14% 1% 85% | 15% 70% 30% 100% | 0% Domestic Equities International Equities Bonds Short-Term Conservative Growth

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Portfolios designed to dynamically adjust based on the business cycle.

Fidelity Multi-Asset Business Cycle Model Portfolio

  • Designed to provide enhanced risk-adjusted returns through a dynamic investment approach

  • Tilts exposures to the major asset classes based on shifts in the business cycle

  • Provides the diversification benefits of 60/40 multi-asset class portfolio construction

  • Flexible use of either active or passive investments

Model Allocation Mix

5% 35% 42% 18% Domestic Equities International Equities Bonds Short-Term

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Fidelity Sector Equity Business Cycle Model Portfolio

  • Designed to provide enhanced risk-adjusted returns through a dynamic investment approach

  • Tilts exposures to sectors and industry groups based on shifts in the business cycle

  • Industry group-level investment vehicles provide the opportunity to make targeted and cyclical allocations

  • Open architecture with flexibility to emphasize active or passive investments

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Portfolios designed to generate a high level of income in a client portfolio.

Fidelity Bond Income Model Portfolio

  • Designed to provide a high level of income

  • Looks beyond standard deviation in seeking to manage risk

  • Focuses on investment grade and high yield fixed income sectors

  • Diverse investment universe including ETFs        

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity Multi-Asset Income Model Portfolio

  • Designed to provide a high level of income

  • Looks beyond standard deviation in seeking to manage risk

  • Invests in fixed income sectors and equity income strategies

  • Diverse investment universe including ETFs

Model Allocation Mix

5% 55% 28% 12% Domestic Equities International Equities Bonds Short-Term

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Portfolios designed to serve as or complement the equity portion of a client portfolio.

Fidelity U.S. Equity Defensive Factor ETF Model Portfolio

  • Designed to help reduce risk and lower volatility, which may help clients who are more sensitive to market downturns

  • Diversifies across factors

  • Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity U.S. Equity Factor ETF Model Portfolio

  • Seeks to provide enhanced risk-adjusted returns for clients looking for capital appreciation

  • Diversifies across factors

  • Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity U.S. Equity Income Factor ETF Model Portfolio

  • Seeks to provide targeted income generation, which may benefit clients in or approaching retirement

  • Diversifies across factors

  • Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Portfolios designed to serve as or complement the bond portion of a client portfolio.

Fidelity Short Multi-Sector Bond Model Portfolio

  • Designed to provide competitive risk-adjusted total returns

  • Seeks a duration similar to the Bloomberg Barclays 1-5 U.S. Gov/Credit Bond Index

  • Focuses on investment grade bonds with a limited allocation to non-investment grade

  • Diverse investment universe including mutual funds and ETFs

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity Core Bond Model Portfolio

  • Designed to provide competitive risk-adjusted total returns

  • Seeks a duration similar to the Bloomberg Barclays U.S. Aggregate Bond Index

  • Focuses its allocation to investment grade bonds

  • Diverse investment universe including mutual funds and ETFs

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity Core Plus Bond Model Portfolio

  • Designed to provide competitive risk-adjusted total returns

  • Seeks a duration similar to the Barclays U.S. Aggregate Bond Index

  • Focuses on investment grade bonds with a limited allocation to non-investment grade

  • Diverse investment universe including mutual funds and ETFs

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Fidelity Dynamic Bond Model Portfolio

  • Designed to provide competitive risk-adjusted total returns

  • Has a flexible duration profile that typically ranges between 3-6 years  

  • Allocates to investment grade and non-investment grade bonds

  • Diverse investment universe including mutual funds and ETFs

Model Allocation Mix

2% 98% Domestic Equities International Equities Bonds Short-Term

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Portfolios designed to incorporate sustainable investments.

Fidelity Sustainable Bond Model Portfolio

  • Designed to maximize risk-adjusted total returns

  • Primarily allocates to fixed income investments that apply Environment, Social and Governance (ESG) criteria for security selection1

  • Uses a blend of mutual funds and ETFs from Fidelity and other asset managers

Model Allocation Mix

2% 98% Bonds Short-Term

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Diversified portfolios that include SMA(s).

Fidelity Model Portfolios with SMA

  • Designed to provide enhanced risk-adjusted total return across the risk spectrum

  • Seeks to enhance total return through investment selection

  • Uses a blend of mutual funds, ETFs and SMAs from Fidelity and other asset managers

Model Allocation Mix

2% 14% 6% 78% 2% 28% 12% 58% 2% 42% 18% 38% 2% 49% 21% 28% 2% 60% 25% 13% Domestic Equities International Equities Bonds Short-Term 20% | 80% 40% | 60% 60% | 40% 70% | 30% 85% | 15%

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Fidelity Tax-Aware Model Portfolios with SMA

  • Designed to provide enhanced risk-adjusted total return across the risk spectrum

  • Seeks to enhance total return through investment selection

  • Uses a blend of mutual funds, ETFs and SMAs from Fidelity and other asset managers

  • Includes municipal bond investments to help reduce the impact of taxes on returns

Model Allocation Mix

2% 14% 6% 78% 2% 28% 12% 58% 2% 42% 18% 38% 2% 49% 21% 28% 2% 60% 25% 13% Domestic Equities International Equities Bonds Short-Term 20% | 80% 40% | 60% 60% | 40% 70% | 30% 85% | 15%

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  • 1. The portfolio maintains at least 80% allocation in fixed income funds (mutual funds and ETFs) that emphasize ESG factors in its investment process. Examples of such strategies: one that tracks an ESG-focused index designed to target issuers with best-in-class ESG practices, while avoiding issuers with high controversies and rated with high ESG risks; one that has an ESG-themed strategy; or that incorporates material ESG factors in its security selection and portfolio construction process - examples of such factors may be climate risk, energy transition, affordable housing, predatorial lending, diverse and independent board, executive compensation, etc. In identifying and selecting ESG funds, FIWA applies an initial ESG screening process that leverages Morningstar's intentional taxonomy framework which flags mutual funds and ETFs as Sustainable Investments and/or Employing Exclusions of highly controversial or unethical businesses. Where applicable, FIWA may also conduct ESG analysis using its proprietary ESG evaluation framework to assess the level of consistency between a fund's ESG intent, commitment and its ESG outcome.
  • Note: Not all resources described are available to Fidelity Model Portfolios.
  • The information presented herein does not make an offer or solicitation to buy or sell any securities or services, and is not investment advice. FIWA does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisor before making an investment.
  • Fidelity Model Portfolios are made available to financial intermediaries on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC ("FIWA"), a registered investment adviser, or by Fidelity Distributors Company LLC ("FDC"), a registered broker-dealer, (collectively "Fidelity"). Fidelity is not acting as a fiduciary or in any advisory capacity in providing this information. 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 Models, the investment products included in the Models, and the share class of those products, are appropriate and suitable for you to base a recommendation or provide advice to any end investor about the potential use of the Models.
  • With the exception of the Fidelity Target Allocation and Target Allocation Index-Focused Models which consists solely of Fidelity mutual funds, the Models may consist of Fidelity mutual funds, Fidelity ETFs, and third-party ETFs, which include iShares ETFs sponsored by BlackRock. These investment products that comprise the models are available only in the share class designated by FIWA when made available through the Models. FIWA does not seek to offer investment products or share classes through the Models that are necessarily the least expensive. In some cases, the investment products in the Models may have a lower cost share class available on a stand-alone basis for purchase outside of the Models, or that may be available to other types of investors. Use of the Models will result in the payment of fees to the Fidelity funds and Fidelity ETFs in the Models as provided for in the prospectus to each such investment product. The fees received from investment in the funds and ETFs will be shared by various affiliates, including FIWA, involved in distributing and advising the Models, the Fidelity funds, and the Fidelity ETFs in the Models.
  • 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 Models may not be indicative of your client's actual experience from investing in one or more of the investment products included in the Models. The Models' allocations and data are subject to change.
  • Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation, credit, and default risks for both issuers and counterparties.
  • Because of its narrow focus, sector investing tends to be more volatile than investments that diversify across many sectors and companies. Each sector investment is also subject to the additional risks associated with its particular industry.
  • There is no guarantee that a factor-based investing strategy will enhance performance or reduce risk. Before investing, make sure you understand how a factor investment strategy may differ from a more traditional index-based or actively managed approach. Depending on market conditions, factor-based investments may underperform compared to investments that seek to track a market-capitalization-weighted index or investments that employ full active management.
  • Fidelity Model Portfolios with SMA (separately managed accounts) are provided to financial intermediaries ("Intermediary") on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC ("FIWA"), a registered investment adviser. Information about the Models may be provided by representatives of FIWA, or its broker-dealer affiliates Fidelity Distributors Company LLC ("FDC"), Fidelity Brokerage Services LLC ("FBS"), and/or National Financial Services LLC.
  • Intermediary Use of Fidelity Models Portfolios with SMA
  • The information presented is designed to be utilized solely by Intermediaries solely as a resource, along with other potential sources, in providing advisory services to their clients. Intermediaries are solely responsible for implementing the Fidelity Model Portfolios with SMA, in whole or in part, based on their client's objectives, guidelines and restrictions, including choosing a platform or for placing trades in Investor accounts, including the selection of broker-dealers and the execution of transactions. Further, all management and support of such accounts, such as investment allocation, restrictions or tax harvesting is also the responsibility of the Intermediaries. Fidelity does not have investment discretion and does not place trade orders for any accounts in the Fidelity Model Portfolios with SMA. Information and other marketing materials provided by Fidelity concerning the Fidelity Model Portfolios with SMA Fidelity Model Portfolios with SMA may not be indicative of a client's actual experience from investing in one or more of the investment products included in the Models. The Fidelity Model Portfolios with SMA allocations are subject to change. Not all of the underlying investments in the Fidelity Models Portfolios with SMA are available across all platforms on which Fidelity Model Portfolios with SMA may be made available to Intermediaries and capabilities of platforms vary.
  • The investment products that comprise the Fidelity Model Portfolios with SMA are available only in the share class or equivalent designated by FIWA when made available through the Fidelity Model Portfolios with SMA. FIWA does not seek to offer investment products or share classes through the Fidelity Model Portfolios with SMA that are necessarily the least expensive. In some cases, the investment products in the Fidelity Model Portfolios with SMA may have a lower cost share class or equivalent investment available on a stand-alone basis for purchase outside of the Fidelity Model Portfolios, or that may be available to other types of investors. Intermediaries are solely responsible for determining whether a given share class or classes, applicable investments or Fidelity Model Portfolios with SMA are appropriate for use with their clients.
  • Fidelity Model Portfolios with SMA Construction and Conflicts
  • Fidelity Model Portfolios with SMA may consist of Fidelity mutual funds, Fidelity ETFs, Fidelity Advisor SMAs, and third-party mutual funds, ETFs, and SMAs. The Fidelity Model Portfolios with SMA are constructed by FIWA using a systematic approach in conjunction with a quantitative and qualitative methodology for selecting mutual funds, ETFs or SMAs. FIWA uses an algorithmic approach to initially identify a set of investment options whose overall risk characteristics, when viewed as a portfolio, generally meet the design parameters, with final portfolio construction subject to change based on a qualitative overlay. In further limiting the universe of investments, additional weight is allocated to products in the Fidelity Model Portfolios with SMA that provide revenue to Fidelity as described below. These products may be unaffiliated. Fidelity Models Portfolios with SMA are also constructed to meet minimum revenue thresholds to Fidelity.
  • As applicable, use of the mutual funds and ETFs in the Fidelity Model Portfolios with SMA will result in the payment of fees to the mutual funds and ETFs in the Models as provided for in the relevant prospectus to each such investment product. The fees received from investment in the included Fidelity mutual funds, ETFs and Fidelity Advisor SMAs will be shared by various Fidelity affiliates involved in developing and distributing certain models, the Fidelity funds, and the Fidelity ETFs. When Fidelity Model Portfolios with SMA invest in certain non-Fidelity funds and ETFs, Fidelity affiliates receives flat, annual fees (1) from a limited number of unaffiliated investment managers for maintaining the infrastructure to support their mutual funds and ETFs held in accounts on Fidelity's brokerage platform and (2) from approximately 18 unaffiliated investment managers to participate in a marketing, engagement, and analytics program established by Fidelity. In addition, Fidelity receives compensation for certain services provided to iShares ETFs in connection with reduced or commission-free ETFs, and compensation in connection with a marketing program with respect to iShares.
  • There is no guarantee that the Fidelity Model Portfolios with SMA, if implemented in whole or in part by The information presented herein does not make an offer or solicitation to buy or sell any securities or services and is not investment advice. FIWA does not provide legal or tax advice and we encourage you to consult your own lawyer, accountant, or other advisor before making an investment.
  • Fidelity Sustainable Bond Model is provided to financial intermediaries ("Intermediary") on a non-discretionary basis by Fidelity Institutional Wealth Adviser LLC ("FIWA"), a registered investment adviser. Information about the Model may be provided by representatives of FIWA, or its broker-dealer affiliates Fidelity Distributors Company LLC ("FDC"), Fidelity Brokerage Services LLC ("FBS"), and/or National Financial Services LLC.
  • Intermediary Use of Fidelity Sustainable Bond Model
  • Intermediaries are solely responsible for implementing the Fidelity Sustainable Bond Model, in whole or in part, based on their client's objectives, guidelines and restrictions, including choosing a platform or for placing trades in Investor accounts, including the selection of broker-dealers and the execution of transactions. Further, all management and support of such accounts, such as investment allocation, restrictions or tax harvesting is also the responsibility of the Intermediaries. Fidelity does not have investment discretion and does not place trade orders for any accounts in the Fidelity Sustainable Bond Model. Information and other marketing materials provided by Fidelity concerning the Fidelity Sustainable Bond Model may not be indicative of a client's actual experience from investing in one or more of the investment products included in the Model. The Fidelity Sustainable Bond Model allocations are subject to change. Not all of the underlying investments in the Fidelity Sustainable Bond Model are available across all platforms on which Fidelity Sustainable Bond Model may be made available to Intermediaries and capabilities of platforms vary. Different accounts trading in the Fidelity Sustainable Bond Model may experience differences in pricing, valuation and ultimately performance due to disparities in account size, and timing of trading implementation, among other factors.
  • The investment products that comprise the Fidelity Sustainable Bond Model are available only in the share class or equivalent designated by FIWA when made available through the Fidelity Sustainable Bond Model. FIWA does not seek to offer investment products or share classes through the Fidelity Sustainable Bond Model that are necessarily the least expensive. In some cases, the investment products in the Fidelity Sustainable Bond Model may have a lower cost share class or equivalent investment available on a stand-alone basis for purchase outside of the Fidelity Model Portfolios, or that may be available to other types of investors. Intermediaries are solely responsible for determining whether a given share class or classes, applicable investments or the Fidelity Sustainable Bond Model are appropriate for use with their clients.
  • Fidelity Sustainable Bond Model Construction and Conflicts
  • Fidelity Sustainable Bond Model may consist of Fidelity mutual funds, Fidelity ETFs, and third-party mutual funds and ETFs. The Fidelity Sustainable Bond Model is constructed by FIWA using proprietary tools with a quantitative and qualitative methodology for selecting mutual funds or ETFs. FIWA uses an algorithmic approach to initially identify a set of investment options whose overall risk characteristics, when viewed as a portfolio, generally meet the design parameters, with final portfolio construction subject to change based on portfolio manager decisions. In further limiting the universe of investments, additional weight is allocated to products in the Fidelity Sustainable Bond Model that provide revenue to Fidelity as described below. These products may be unaffiliated. Fidelity Sustainable Bond Model is also constructed to meet minimum revenue thresholds to Fidelity.
  • As applicable, use of the mutual funds and ETFs in the Fidelity Sustainable Bond Model will result in the payment of fees to the mutual funds and ETFs in the Models as provided for in the relevant prospectus to each such investment product. The fees received from investment in the included Fidelity mutual funds and ETFs will be shared by various Fidelity affiliates involved in developing and distributing certain models, the Fidelity funds, and the Fidelity ETFs. When Fidelity Sustainable Bond Model invests in certain non-Fidelity funds and ETFs, Fidelity affiliates receive flat, annual fees (1) from a limited number of unaffiliated investment managers for maintaining the infrastructure to support their mutual funds and ETFs held in accounts on Fidelity's brokerage platform and (2) from approximately 18 unaffiliated investment managers to participate in a marketing, engagement, and analytics program established by Fidelity. In addition, Fidelity receives compensation for certain services provided to iShares ETFs in connection with reduced or commission-free ETFs, and compensation in connection with a marketing program with respect to iShares.
  • There is no guarantee that the Fidelity Sustainable Bond Model, if implemented in whole or in part by an Intermediary for their Investor client, will achieve any particular result.
  • Investment involves risk, including the risk of loss. Generally, among asset classes stocks are more volatile than bonds or short-term instruments and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Although the bond market is also volatile, lower-quality debt securities including leveraged loans generally offer higher yields compared to investment grade securities, but also involve greater risk of default or price changes. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market or economic developments, all of which are magnified in emerging markets. SMAs may have additional risks.
  • Please see the mutual fund and ETF prospectuses, applicable ADV documents, and/or related offering documents for more details on compensation, expenses and fees, conflicts of interest, investment strategies and risks.
  • Past performance is no guarantee of future results. An investment may be risky and may not be suitable for an investor's goals, objectives and risk tolerance. Investors should be aware that an investment's value may be volatile and any investment involves the risk that you may lose money. Investment performance of the Fidelity Model Portfolios with SMA depends on the performance of the underlying investment options and on the proportion of the assets invested in each underlying investment option over time. The performance of the underlying investment options depends, in turn, on their investments. The performance of these investments will vary day to day in response to many factors. Asset allocation strategies are subject to the volatility of the financial markets, including that of the underlying investment options' asset class.
  • Diversification does not ensure a profit or guarantee against a loss.
  • Investment involves risk, including the risk of loss. Generally, among asset classes stocks are more volatile than bonds or short-term instruments and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Although the bond market is also volatile, lower-quality debt securities including leveraged loans generally offer higher yields compared to investment grade securities, but also involve greater risk of default or price changes. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market or economic developments, all of which are magnified in emerging markets. SMAs may have additional risks.
  • Please see the mutual fund, ETF, SMA prospectus, applicable ADV documents, and related offering documents for more details on compensation, expenses and fees, conflicts of interest, investment strategies and risks.
  • "Fidelity Investments" and/or "Fidelity" refers collectively to FMR LLC, a U.S. company, and its subsidiaries, including but not limited to Fidelity Management & Research Company LLC (FMR) and FIWA.
 
 

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