Fidelity Small Cap Discovery Fund (FSCRX)

The Fidelity Small Cap Discovery Fund is an actively managed mutual fund specializing in U.S. small-cap equities. Its primary objective is long-term capital growth by investing at least 80% of assets in companies with small market capitalizations, generally those comparable in size to constituents of the Russell 2000 Index or the S&P SmallCap 600 Index. The portfolio includes both domestic and select foreign issuers, with flexibility to invest in either growth or value stocks, or a combination of both. The fund's management employs fundamental analysis to assess each issuer's financial health, industry position, and relevant market factors when selecting securities. The fund is diversified across more than 100 holdings, with top sectors often including technology, industrials, consumer defensive, and financial services. It is designed to provide investors with exposure to the dynamic small-cap segment, which can offer significant growth potential but also comes with higher volatility compared to large-cap investments. Since its inception in 2000, the fund has played a significant role in offering access to actively managed small-cap equity opportunities within the broader market landscape.