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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
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Designed to provide enhanced risk-adjusted total return across the risk spectrum
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Seeks to enhance total return through fund selection
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Uses Fidelity active and passive mutual funds
Model Allocation Mix
Fidelity Target Allocation Blended Model Portfolios
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Designed to provide enhanced risk-adjusted total return across the risk spectrum
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Seeks to enhance total return through fund selection
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Uses a blend of active mutual funds from Fidelity, and ETFs from other asset managers
Model Allocation Mix
Fidelity Target Allocation Tax-Aware Model Portfolios
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Designed to provide enhanced risk-adjusted total return across the risk spectrum and incorporate tax-advantaged vehicles
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Seeks to enhance total return through fund selection
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Uses a blend of active mutual funds from Fidelity including municipal bond funds, and ETFs from other asset managers
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Includes municipal bond funds to help reduce the impact of taxes on returns
Model Allocation Mix
Portfolios designed for various risk profiles with goals ranging from capital preservation to aggressive growth
Fidelity Target Risk Blended Model Portfolios
Designed to provide risk-adjusted total return across the risk spectrum
Helps to set and manage expectations for loss and minimize downside risk so clients stay invested
Uses a blend of active and passive mutual funds and ETFs from Fidelity and Member Third-Party asset managers†
†Member firms participate in an access, engagement, and analytics program established by Fidelity, for which these providers compensate affiliates of FIWA for these services through a flat, annual fee. This Model will include: (1) Member firm funds and (2) Fidelity funds, all of which must meet FIWA's investment criteria. Should no such funds meet FIWA's investment criteria, FIWA will include other third party funds that meet the criteria.
Portfolios designed to dynamically adjust based on the business cycle.
Fidelity Multi-Asset Business Cycle Model Portfolio
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Designed to provide enhanced risk-adjusted returns through a dynamic investment approach
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Tilts exposures to the major asset classes based on shifts in the business cycle
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Provides the diversification benefits of 60/40 multi-asset class portfolio construction
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Flexible use of either active or passive investments
Model Allocation Mix
Fidelity Sector Equity Business Cycle Model Portfolio
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Designed to provide enhanced risk-adjusted returns through a dynamic investment approach
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Tilts US equity sector exposures based on shifts in the business cycle and manager discretion
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Factor or industry group-level investment vehicles may also provide the opportunity to make targeted allocations
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Open architecture with flexibility to emphasize active or passive investments
Model Allocation Mix
Portfolios designed to generate a high level of income in a client portfolio.
Fidelity Bond Income Model Portfolio
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Designed to provide a high level of income
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Looks beyond standard deviation in seeking to manage risk
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Focuses on investment grade and high yield fixed income sectors
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Diverse investment universe including ETFs
Model Allocation Mix
Fidelity Multi-Asset Income Model Portfolio
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Designed to provide a high level of income
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Looks beyond standard deviation in seeking to manage risk
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Invests in fixed income sectors and equity income strategies
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Diverse investment universe including ETFs
Model Allocation Mix
Portfolios designed to serve as or complement the equity portion of a client portfolio.
Fidelity U.S. Equity Defensive Factor ETF Model Portfolio
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Designed to help reduce risk and lower volatility, which may help clients who are more sensitive to market downturns
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Diversifies across factors
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Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach
Model Allocation Mix
Fidelity U.S. Equity Factor ETF Model Portfolio
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Seeks to provide enhanced risk-adjusted returns for clients looking for capital appreciation
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Diversifies across factors
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Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach
Model Allocation Mix
Fidelity U.S. Equity Income Factor ETF Model Portfolio
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Seeks to provide targeted income generation, which may benefit clients in or approaching retirement
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Diversifies across factors
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Uses Fidelity Factor ETFs, which apply a proprietary, integrated quantitative and fundamental research approach
Model Allocation Mix
Portfolios designed to serve as or complement the bond portion of a client portfolio.
Fidelity Short Multi-Sector Bond Model Portfolio
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Designed to provide competitive risk-adjusted total returns
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Seeks a duration similar to the Bloomberg U.S. 1-5 Year Government/Credit Bond Index
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Focuses on investment grade bonds with a limited allocation to non-investment grade
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Diverse investment universe including mutual funds and ETFs
Model Allocation Mix
Fidelity Core Bond Model Portfolio
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Designed to provide competitive risk-adjusted total returns
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Seeks a duration similar to the Bloomberg U.S. Aggregate Bond Index
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Focuses its allocation to investment grade bonds
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Diverse investment universe including mutual funds and ETFs
Model Allocation Mix
Fidelity Core Plus Bond Model Portfolio
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Designed to provide competitive risk-adjusted total returns
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Seeks a duration similar to the Bloomberg U.S. Aggregate Bond Index
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Focuses on investment grade bonds with a limited allocation to non-investment grade
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Diverse investment universe including mutual funds and ETFs
Model Allocation Mix
Fidelity Dynamic Bond Model Portfolio
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Designed to provide competitive risk-adjusted total returns
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Has a flexible duration profile that typically ranges between 3-6 years
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Allocates to investment grade and non-investment grade bonds
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Diverse investment universe including mutual funds and ETFs
Model Allocation Mix
Diversified portfolios that include SMA(s).
Fidelity Model Portfolios with SMA
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Designed to provide enhanced risk-adjusted total return across the risk spectrum
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Seeks to enhance total return through investment selection
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Uses a blend of mutual funds, ETFs and SMAs from Fidelity and other asset managers
Model Allocation Mix
Fidelity Tax-Aware Model Portfolios with SMA
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Designed to provide enhanced risk-adjusted total return across the risk spectrum
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Seeks to enhance total return through investment selection
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Uses a blend of mutual funds, ETFs and SMAs from Fidelity and other asset managers
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Includes municipal bond investments to help reduce the impact of taxes on returns
Model Allocation Mix
- 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.
- The model portfolios do not attempt to consider the effect of income taxes on performance or returns and does not reflect any opinion on the tax-appropriateness of the portfolio for any investor. Depending on your tax situation, municipal bond funds may be more appropriate for you. Model portfolios do not consider the effect of taxes, fees and/or expenses associated with investing. Please consult with your investment or tax advisor, if applicable, prior to taking action.
- 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.
- 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.
- 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.
- DEFINITIONS AND IMPORTANT INFORMATION:
- Standard Deviation is a statistical measure of how much a return varies over an extended period of time. The more variable the returns, the larger the standard deviation. A higher standard deviation indicates a wider dispersion of past returns and thus greater historical volatility. ● Bloomberg U.S. 1–5 Year Government/Credit Bond Index is a market value weighted index of fixed-rate investment-grade debt securities with maturities between one and five years from the U.S. Treasury, U.S. Government-Related, and U.S. Corporate indices. ● Duration is a measure of a security’s price sensitivity to changes in interest rates. Duration differs from maturity in that it considers a security’s interest payments in addition to the amount of time until the security reaches maturity, and also takes into account certain maturity-shortening features (e.g., demand features, interest rate resets, and call options) when applicable. Securities with longer durations generally tend to be more sensitive to interest rate changes than securities with shorter durations. A model portfolio with a longer average duration generally can be expected to be more sensitive to interest rate changes than a model portfolio with a shorter average duration. ● Bloomberg U.S. Aggregate Bond Index is a broad-based flagship benchmark that measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate pass-throughs), asset-backed securities, and collateralized mortgage-backed securities (agency and non-agency).
- 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, and may not achieve their intended results and such strategies could underperform the market as a whole.
- 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.