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Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 9:52 pm
by bogleboyz
Can someone please suggest a Fidelity equivalent of Vanguard small value index fund
I would like to use a small value index fund in my 401 k with Fidelity
I have access to all the fidelity funds through brokerage link but will have to pay extra fees for vanguard funds

thanks

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 9:53 pm
by stlutz
There isn't one.

Can you use ETFs or are you restricted to mutual funds?

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 10:06 pm
by NYC_Guy
bogleboyz wrote:Can someone please suggest a Fidelity equivalent of Vanguard small value index fund
I would like to use a small value index fund in my 401 k with Fidelity
I have access to all the fidelity funds through brokerage link but will have to pay extra fees for vanguard funds

thanks
IJS (Blackrock ETF) should be available to you free of trading charges.

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 10:29 pm
by Theoretical
Are you limited to only mutual funds or can you use ETFs?

If you're limited to just funds, then your options are a bit limited to stay commission-free.

Fidelity's Enhanced Small Cap Index is a quantitative fund that covers value, quality, and momentum. It's decent, if expensive. FCPEX. .68.

Northern Trust has a pretty strong fund (NOSGX) that is a dead-ringer for IJS in terms of factor loadings and alphas, despite an expense ratio of 1.01%. http://bit.ly/2ooczFs. It hits a bit larger market cap than IJS, loads a bit more on value and has a higher momentum load.

If ETFs are doable, then IJS all the way.

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 11:36 pm
by whodidntante
IJS iShares S&P Small-Cap 600 Value is available commission free for this Fidelity customer. I just bought some of it today. This is a superior fund to Vanguard's.

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Mon Apr 17, 2017 11:52 pm
by MotoTrojan
IJS all the way. The Vanguard fund is not actually small-cap, but is 50/50 Mid/Small (per Morningstar's evaluation of US Stocks). The Value Premium is best when coupled with the Size Premium, so the smaller the better. Also S&P 600 has a quality component (profitable business requirement) which I personally like in a small-cap (riskier) fund.

I hold VIOV which is the same thing, but IJS is far more liquid, and still a reasonable ER.

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Tue Apr 18, 2017 9:52 pm
by bogleboyz
MotoTrojan wrote:IJS all the way. The Vanguard fund is not actually small-cap, but is 50/50 Mid/Small (per Morningstar's evaluation of US Stocks). The Value Premium is best when coupled with the Size Premium, so the smaller the better. Also S&P 600 has a quality component (profitable business requirement) which I personally like in a small-cap (riskier) fund.

I hold VIOV which is the same thing, but IJS is far more liquid, and still a reasonable ER.
Thanks for your reply. I will look into it

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Tue Apr 18, 2017 9:53 pm
by bogleboyz
whodidntante wrote:IJS iShares S&P Small-Cap 600 Value is available commission free for this Fidelity customer. I just bought some of it today. This is a superior fund to Vanguard's.
thanks for the info. i will look into it

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Tue Apr 18, 2017 9:54 pm
by bogleboyz
NYC_Guy wrote:
bogleboyz wrote:Can someone please suggest a Fidelity equivalent of Vanguard small value index fund
I would like to use a small value index fund in my 401 k with Fidelity
I have access to all the fidelity funds through brokerage link but will have to pay extra fees for vanguard funds

thanks
IJS (Blackrock ETF) should be available to you free of trading charges.
thanks. i will check with fidelity

Re: Fidelity equivalent of Vanguard small value index fund

Posted: Tue Apr 18, 2017 9:55 pm
by bogleboyz
Theoretical wrote:Are you limited to only mutual funds or can you use ETFs?

If you're limited to just funds, then your options are a bit limited to stay commission-free.

Fidelity's Enhanced Small Cap Index is a quantitative fund that covers value, quality, and momentum. It's decent, if expensive. FCPEX. .68.

Northern Trust has a pretty strong fund (NOSGX) that is a dead-ringer for IJS in terms of factor loadings and alphas, despite an expense ratio of 1.01%. http://bit.ly/2ooczFs. It hits a bit larger market cap than IJS, loads a bit more on value and has a higher momentum load.

If ETFs are doable, then IJS all the way.

seems like ETFs may be an option. thanks