Fidelity Advisor Small Cap Value Fund Class I
FCVIX
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 2210
- IPO Date
- Nov 4, 2004
- CIK
- 0000754510
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Advisor Small Cap Value Fund Class I (FCVIX) is an open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its assets in securities of small-cap companies believed to be undervalued relative to their fundamentals, including common stocks, preferred stocks, convertible securities, and other equity-like instruments; it normally focuses on companies with market capitalizations similar to those in the Russell 2000 Value Index, which emphasizes lower price-to-book ratios and forecasted growth rates. The fund provides exposure to the small value segment of the U.S. equity market, with a diversified portfolio across sectors such as financial services (approximately 30%), consumer cyclical (14%), industrials (13%), technology (13%), and real estate (10%); top holdings as of recent data include Insight Enterprises Inc., Brookfield Infrastructure Corp, Old National Bancorp, KB Home, and Eastern Bankshares Inc., representing about 11% of the portfolio. Managed by Fidelity Management & Research Company LLC since its inception, the fund targets institutional and high-net-worth investors through Class I shares, which feature a net expense ratio of 0.95% and no front-end or deferred loads; it is available primarily in the United States, with portfolio net assets exceeding $4.5 billion and share class size around $923 million. Launched on November 3, 2004, and domiciled in the United States with administrative operations in Smithfield, Rhode Island, the fund follows a bottom-up investment approach emphasizing value characteristics within small-cap equities. Under the leadership of Gabriela Kelleher since May 2021, the fund has continued its core small-cap value strategy without major portfolio manager changes; effective March 24, 2025, its benchmark Russell 2000 Value Index adopted a quarterly capping methodology limiting any single constituent to no more than 22.5% of index weight and capping the aggregate of those above 4.5% at 45%, enhancing diversification alignment.