Fidelity Small Cap Value Fund
FCPVX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Nov 4, 2004
- CIK
- 0000754510
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Small Cap Value Fund (FCPVX) is an open-end mutual fund managed by Fidelity Management & Research Company LLC that seeks capital appreciation by investing primarily in common stocks of companies with small market capitalizations, similar to those in the Russell 2000 Index or S&P SmallCap 600 Index; it normally invests at least 80% of assets in securities of such small-cap issuers believed to be undervalued relative to factors including assets, sales, earnings, growth potential, cash flow, or peers in the same industry. The fund offers exposure to value-oriented small-cap equities across domestic and foreign issuers, with a diversified portfolio typically comprising over 100 holdings concentrated in sectors such as financials, real estate, information technology, energy, and industrials; top holdings as of recent reports include Old National Bancorp, KB Home, Eastern Bankshares, and Brookfield Infrastructure, representing U.S. stocks at approximately 91%, non-U.S. stocks at 8%, and minimal cash equivalents. Assets under management stand at approximately $4.4 billion, with a net expense ratio of around 0.97%-1.04%, no front-end load, daily pricing, and availability to U.S. investors through brokerage platforms including Fidelity. Launched on November 3, 2004, the fund is headquartered in Boston, Massachusetts, as part of Fidelity Investments, a privately held firm founded in 1946 that manages trillions in assets globally and operates across 11 countries with over 78,000 associates. It targets individual and institutional investors seeking small value strategies within the Morningstar Small Value category, emphasizing bottom-up stock selection for long-term growth. The fund maintains a turnover rate of about 63% and focuses on companies with average P/E ratios around 20 and P/B ratios near 2.4. Gabriela Kelleher has served as portfolio manager since May 1, 2021, bringing expertise in value investing and contributing to recent performance through picks like Lumentum Holdings and Ciena in technology and networking. In the past 1-2 years, the fund has seen quarterly reviews highlighting sector rotations, such as trims in consumer discretionary amid economic pressures and additions in financials and industrials; Q2 2024 returned -6.51% versus the Russell 2000 Value Index's -3.64%, while Q2 2025 commentary noted preparations for small-cap recovery via selective undervalued holdings. No major acquisitions, funding rounds, partnerships, or reorganizations specific to the fund have been reported recently, though Fidelity Investments continues broader strategic shifts toward advice, brokerage, and sustainable investing under CEO Abigail Johnson.