Fidelity Small Cap Discovery Fund
FSCRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 26, 2000
- CIK
- 0000819118
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Small Cap Discovery Fund (FSCRX) is an open-end mutual fund managed by Fidelity Investments that seeks long-term growth of capital by investing primarily in securities of companies with small market capitalizations, similar to those in the Russell 2000 Index or S&P SmallCap 600 Index; the fund normally invests at least 80% of assets in such small-cap equities, including both growth and value stocks across domestic and foreign issuers, with allocations typically emphasizing U.S. stocks (around 85-95%), supplemented by non-U.S. equities (up to 10-11%), cash equivalents, and sector exposures led by technology, financial services, industrials, and consumer sectors. The fund offers institutional and retail share classes with no minimum initial investment requirement, a net expense ratio of approximately 0.91%, and portfolio turnover reflecting active management; it targets investors seeking small-cap blend exposure within the Morningstar Small Blend category, with assets under management of about $2.3-$2.6 billion as of recent reports. Fidelity Small Cap Discovery Fund operates globally with primary focus on U.S. markets and secondary exposure to emerging Asia, Latin America, and Canada; it was launched on September 26, 2000, with headquarters at Fidelity Investments in Boston, Massachusetts. In recent developments, the fund underwent a portfolio manager transition in March 2023, with Forrest St. Clair assuming lead management responsibilities and continuing to steer the strategy through 2025 amid volatile small-cap markets. Performance as of mid-2025 reflects 5-year annualized returns of around 12.96% (top third in category) and 3-year returns of 10.58%, though with elevated volatility (5-year standard deviation of 20.16%) and a Zacks Rank of 5 (Strong Sell) due to fees and other factors; quarterly reviews noted Q2 2024 returns of -7.22% versus -3.28% for the Russell 2000 benchmark. No major acquisitions, partnerships, funding rounds, or structural reorganizations have been reported for the fund in the last 1-2 years, maintaining its core small-cap discovery mandate under Fidelity Concord Street Trust without significant strategic shifts.