- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 19, 2002
- Business
- Fidelity International Small Cap Fund (FISMX) is an open-end mutual fund that seeks capital appreciation by investing primarily in non-U.S. common stocks of small-capitalization companies, including those located in emerging markets; it normally allocates at least 80% of assets to such securities across diverse countries and regions, with current holdings emphasizing industrials, financial services, consumer cyclical, consumer defensive, and technology sectors; top geographic exposures include Japan, the Eurozone, the United Kingdom, developed Asia, and emerging Asia, supplemented by minimal cash and U.S. stock positions. The fund offers daily pricing, no front-end or deferred loads, a net expense ratio of approximately 1.00% to 1.04%, and a minimum initial investment of $0, targeting investors seeking exposure to foreign small- and mid-cap blend strategies. Managed by Fidelity Investments, the fund is domiciled in the United States with total net assets of around $5.0 billion to $5.29 billion.
Launched on September 18, 2002, and headquartered in Boston, Massachusetts, as part of Fidelity's extensive mutual fund lineup, the fund falls within the Foreign Small/Mid Blend category per Morningstar. Fidelity International Small Cap Fund maintains a low portfolio turnover of about 17% and a TTM yield of 2.30%, focusing on fundamental analysis for security selection. It operates without notable subsidiaries or parent fund relationships beyond Fidelity's broader asset management structure.
In recent developments, David Jenkins has served as lead portfolio manager since November 16, 2021, overseeing strategic regional overweights in Japan, South Korea, and emerging Asia amid U.S. policy uncertainty and global economic shifts. The fund reported gains of 2.49% for the three months ending September 30, 2025, and demonstrated resilience with YTD returns of 19.61% and 1-year returns of 16.38% as of mid-2025, outperforming peers in certain periods through active management in governance-driven markets. No major acquisitions, funding rounds, partnerships, or product launches were announced in the last 1-2 years, though portfolio positioning adapted to trends like corporate reforms in Japan and South Korea, with ongoing emphasis on industrials and technology for automation growth.