FCVTYX

About FCVTYX

Fidelity Advisor Small Cap Value Fund is a mutual fund designed to achieve capital appreciation by investing primarily in the equities of small-cap companies. The fund typically allocates at least 80% of its assets to firms with market capitalizations comparable to those in major small-cap indices, such as the Russell 2000 or S&P Small Cap 600. Its investment strategy is rooted in a value approach, focusing on companies that the fund managers believe are undervalued relative to their assets, earnings, growth potential, or cash flow compared to peers. Emphasizing above-average quality characteristics like good capital allocation, the fund seeks to identify businesses trading at below-market multiples. The portfolio is constructed in a relatively concentrated fashion to highlight the strongest investment ideas, and holdings are rigorously analyzed for financial stability and margin of safety. The fund’s targeted exposure makes it a notable vehicle for those seeking participation in the small-cap value segment, while active management allows for adaptability across diverse market environments. The fund invests mainly in U.S. equities but also maintains a modest allocation to international developed markets, reflecting a disciplined yet flexible approach to value investing within the small-cap universe.