Strategic Advisers will manage your account for taxes throughout the year—not just at year's end. Your account is evaluated each business day and uses one or a combination of the following techniques to seek enhanced after-tax returns.*
Fidelity® Tax-Managed U.S. Equity Index Strategy
This separately managed account (SMA) seeks to pursue the long-term growth potential of U.S. large-cap stocks and deliver enhanced after-tax returns.1
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FAQs: Fidelity® Tax-Managed U.S. Equity Index Strategy
How can this strategy help me meet my goals?
Our professionally managed account offers investors with substantial assets and sophisticated investing needs the opportunity for portfolio growth as well as enhanced after-tax performance using one or a combination of tax-smart investing techniques.1
Who manages my money?
Fidelity Personal and Workplace Advisors LLC (FPWA), has engaged Strategic Advisers LLC, a registered investment adviser and a Fidelity Investments company, to provide the day-to-day discretionary portfolio management of Fidelity® Tax-Managed U.S. Equity Index Strategy accounts, including investment selection and trade execution, subject to FPWA's oversight.
What kind of investments can I expect in my account?
This strategy is generally focused on U.S. large-cap stocks and seeks to approximate the pre-tax returns and risk characteristics of the Fidelity U.S. Large Cap IndexSM 2
How are the investments chosen for my account?
The investments in this strategy are a subset of the Fidelity U.S. Large Cap IndexSM 2 and are selected based on their potential to provide index-like growth while managing risk—combined with the potential to reduce the impact of taxes on your returns.
Can I choose my own investments?
Our experienced investment professionals will select investments for you by conducting thorough research and due diligence. You will have some of the best investment minds in the business overseeing and monitoring your investments throughout the year to help ensure you're on track to meet your goals.
Can I add funds to my account?
Yes, you can add funds to your account at your convenience or through automatic investing options.
Can I withdraw funds from my account?
Yes, there are several ways to access your funds, including scheduled withdrawals.
How much do I need to open an account?
The minimum funding amount is $100,0003
How much does it cost?
The annual advisory fee is between 0.20%–0.40% based on your account balance.4
Tax-smart (i.e., tax-sensitive) investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, 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 techniques 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.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917