There is no minimum required to open an account; however, in order for us to invest your money according to the investment strategy you've chosen, your account balance must be at least $5,000. Until you reach that balance, any securities used to fund your account will be unmanaged, and any cash deposited into your account will be invested in your core money market fund. Your account may be closed if that balance is not reached.
1. Tax-smart investing strategies, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, Strategic Advisers LLC (Strategic Advisers), primarily with respect to determining when assets in a client's account should be bought or sold. Assets contributed may be sold for a taxable gain or loss at any time. There are no guarantees as to the effectiveness of the tax-smart investing strategies applied in serving to reduce or minimize a client's overall tax liabilities, or as to the tax results that may be generated by a given transaction.
2. You may exclude up to five individual stocks or two industries in your account.
3. Tax savings will vary from client to client and past performance is no guarantee of future results; there is no guarantee that tax savings will cover the net advisory fee now or in the future. Factors that could impact the value of our tax-smart investing strategies include market conditions, the purchase date and cost basis of any securities used to fund an account, client-imposed investment restrictions, client tax rate, and any changes in tax regulation. This analysis is based on performance of all investment strategies offered in Fidelity Managed FidFolios® and substantially similar strategies offered through Fidelity® Strategic Disciplines from 08/01/2015 through 12/31/2024. The analysis includes identifying the total amount of capital gains tax savings for each individual client account, and the total amount of net advisory fees paid for each individual client account (accounts that did not pay a fee were excluded from the analysis). We estimate potential capital gains tax savings by multiplying each harvested tax loss by the relevant short- or long-term capital gains tax rate for each client account at the end of each year. Our analysis assumes that any losses realized are able to be offset against gains realized inside or outside of the client account during the year realized. However, all capital losses harvested in a single tax year may not result in a tax benefit for that year. Remaining unused capital losses may be carried forward to offset up to $3,000 of ordinary income per year.
4. The advisory fee does not cover charges resulting from trades effected with or through broker-dealers other than Fidelity affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to a managed account. Investors will also incur underlying expenses, if any, associated with the investment vehicles selected for the account.
5. Keep in mind that investing, including investing in Fidelity Managed FidFolios®, mutual funds, or ETFs, involves risk. They are subject to market fluctuation and the risks of their underlying investments. You may gain or lose money. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund. ETFs and mutual funds are subject to management fees and other expenses. In addition to any underlying expenses associated with an investment vehicle, Fidelity Managed FidFolios® are also subject to an annual advisory fee. Fidelity Managed FidFolios® charge a gross advisory fee of 0.40% or 0.70%, depending on the strategy selected. The total fees and expenses applicable to mutual funds and ETFs are generally lower than those associated with Fidelity Managed FidFolios®. For more information on the specific fees and expenses associated with Fidelity Managed FidFolios®, or a specific mutual fund or ETF, please speak with your investment professional.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
This account type is a single asset class that offers a concentrated exposure. Please note, Fidelity recommends clients diversify and rebalance their investments across multiple asset classes, sectors, and issuers in an effort to reduce the investment risk associated with holding concentrated investments. Keep in mind however, that diversification and asset allocation do not ensure a profit or guarantee against loss.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies.
There is no guarantee that a portfolio’s low volatility approach will be successful and the portfolio may experience more volatility than desired, or than the market as a whole. In addition, the securities selected for the strategy may underperform higher volatility securities.
The application of environmental sustainability data and filtering will cause an account invested according to the Environmental Focus Strategy to forgo certain investment opportunities, which will cause such an account to perform differently, perhaps significantly, compared with an account that does not exclude issuers based on such criteria.
The Fidelity U.S. Large Cap IndexSM is a float-adjusted market capitalization–weighted index designed to reflect the performance of the stocks of the largest 500 U.S. companies based on float-adjusted market capitalization.
The Fidelity Developed International ex-North America Focus Index (NetSM) is a float-adjusted market capitalization–weighted index designed to reflect the performance of the developed international equity market, including large-capitalization stocks. Index returns are adjusted for tax withholding rates applicable to U.S.-based mutual funds organized as Massachusetts business trusts.
The Standard & Poors 500® Index is a float-adjusted market capitalization–weighted index designed to reflect the performance of the stocks of the largest 500 U.S. companies based on float-adjusted market capitalization.
The MSCI EAFE Index (Net MA Tax) is a float-adjusted market capitalization–weighted index designed to reflect the performance of the developed international equity market, including large-capitalization stocks. Index returns are adjusted for tax withholding rates applicable to U.S.-based mutual funds organized as Massachusetts business trusts.
The Fidelity U.S. Total Investable Market IndexSM is a float-adjusted market capitalization-weighted index designed to reflect the performance of U.S. equity market, including large-, mid- and small capitalization stocks.
The Fidelity U.S. Low Volatility Focus IndexSM represents the performance of a broad range of U.S. equities that in the aggregate have lower volatility relative to the broader U.S. equity market.
Indexes are unmanaged. It is not possible to invest directly in an index. Securities indices are not subject to fees and expenses typically associated with managed accounts or investment funds.
Fidelity Managed FidFolios® and Fidelity® Strategic Disciplines are advisory services offered by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser, for a fee. Fidelity Managed FidFolios® includes the U.S. Total Market Index Strategy, the U.S. Low Volatility Index Strategy, the Environmental Focus Strategy, the Dividend Income Strategy, the U.S. Large Cap Strategy, the U.S. Large Cap Index Strategy, the International Strategy, and the International Index Strategy. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. Strategic Advisers, FBS and NFS are Fidelity Investments companies.
Strategic Advisers LLC (Strategic Advisers), provides discretionary portfolio management of Fidelity Managed FidFolios® accounts, including investment selection and trade execution. Strategic Advisers implements trades for Fidelity® Dividend Income Strategy, Fidelity® U.S. Large Cap Strategy and Fidelity® International Strategy accounts based on the model portfolio of investments it receives from its affiliate, Fidelity Management & Research Company LLC (FMR), but may select investments for an account that differ from the FMR model.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
