Fidelity Small Cap Mutual Funds are the ideal choice for aggressive investors. These funds are tailored to align with the investment goals of those seeking robust and potentially high-reward strategies
Here are some of the best small-cap mutual funds offered by Fidelity in the USA, according to Forbes Advisor
Best Small Cap Mutual Funds Fidelity USA
| Fund Name | Expense Ratio | Rating (Morningstar) |
|---|---|---|
| Fidelity 500 Index Fund (FXAIX) | 0.015% | 5 stars |
| Fidelity U.S. Sustainability Index Fund (FITLX) | 0.11% | 4 stars |
| Fidelity Mid Cap Index Fund (FSMDX) | 0.025% | 5 stars |
| Fidelity Nasdaq Composite Index Fund (FNCMX) | 0.30% | 4 stars |
| Fidelity Small Cap Value Fund (FCPVX) | 0.99% | 4 stars |
| Fidelity Corporate Bond Fund (FCBFX) | 0.44% | 3 stars |
| Fidelity Government Cash Reserves (FDRXX) | 0.34% | N/A |
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Please note that these ratings are current as of October 2023 and are subject to change. It’s important to remember that past performance is not indicative of future results, and investing always carries some degree of risk. It’s always a good idea to consult with a financial advisor before making any investment decisions.
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Fidelity Small Cap Index Fund Performance
The Fidelity Small Cap Index Fund (FSSNX) is a mutual fund designed to replicate the performance of the Russell 2000 Index, which assesses the performance of small-cap stocks in the United States.
As of November 1, 2023, this fund has a net asset value of $20.78 per share and an expense ratio of 0.025%.
The Fidelity Small Cap Index Fund (FSSNX) has demonstrated the following performance figures:
- Over the past year, it has returned 4.84%.
- Over the past three years, it has provided an 8.20% return.
- Over the past five years, it has yielded a 3.24% return.
- Over the past decade, it has achieved an 8.13% return.
In comparison to many actively managed small-cap funds, FSSNX stands out with its lower expense ratio. Furthermore, it has outperformed numerous actively managed funds over the long term.
However, it’s crucial to keep in mind that past performance doesn’t guarantee future results. All investments involve some level of risk. Additional information regarding its performance history and dividend history can be found on Morningstar.
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Is Fidelity small-cap Growth fund a good investment?
- Morningstar Rating: The Fidelity Small Cap Growth Fund (FCPGX) has been awarded a 4-star rating by Morningstar. This rating is an indication of the fund’s performance concerning its risk-adjusted returns when compared to 562 other funds within the same Morningstar Category. A 4-star rating suggests it has performed well relative to its peers.
- Zacks Mutual Fund Rank: The fund holds a high Zacks Mutual Fund rank, which implies that it enjoys a strong position within its category. This is another positive indicator of its performance and quality as an investment option.
- Performance: The fund has demonstrated relatively consistent performance, which is an important consideration for investors. Its ability to deliver solid returns over time makes it an attractive choice.
- Downside Risk: The fund appears to have lower downside risk, which can be appealing to investors. Lower downside risk means it may be more resilient in challenging market conditions.
- Fees: The fund boasts relatively lower fees. Lower expenses can enhance the overall returns for investors, making it a cost-effective option.
In summary, based on its Morningstar rating, Zacks Mutual Fund rank, consistent performance, lower downside risk, and cost-effectiveness, the Fidelity Small Cap Growth Fund (FCPGX) seems to be a good potential choice for investors.